Raipur - The Pioneer

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Postal Reg. No. - RYP DN/34/2013-2015
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rime Minister Narendra
Modi on Friday raised the
issues of Pakistan’s atrocity in
PoK and Balochistan as an allparty meeting discussed the
“Pak-sponsored” violence in
Jammu & Kashmir and the
Government proposed a financial package of Rs 80,000 crore
to the development of the State.
The all-party meet did not
take any decision on banning
the use of pellet guns by the
security forces or sending a
political delegation to engage
with different stakeholders in
the Valley.
Addressing the all-party
meeting, Modi said the
Government was ready to
address “grievances” of all sections of people in Jammu &
Kashmir as per the Constitution
but made it clear that there cannot be any compromise with
the nation’s integrity. He also
praised the work of security
forces to maintain peace in the
Valley and said certain elements across the border were
inciting few people to create
violence and spreading unrest.
Blaming Pakistan for the
root cause of unrest in Kashmir,
Modi said India need no teaching from Pakistan who uses air
force to bomb its citizens in
Balochistan. “Cross-border terrorism is the root cause of
unrest in Kashmir. Normal life
is affected due to terrorism in
the Valley from 1989,” said
Modi detailing the seizure of
arms and ammunition from
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n a major relief to the automobile industry, the Supreme
ICourt
on Friday lifted the restric-
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Pakistan infiltrated terrorists
into the Valley.
Asserting that PoK is part
of India, the Prime Minister
said, “When we talk about
Jammu & Kashmir, we must
talk about all the four regions
of the State — Jammu, Kashmir
Valley, Ladakh and Pakistanoccupied Kashmir (PoK).”
“With so many weapons
being recovered and so many
foreign terrorists infiltrated into
the Valley to create violence,
Pakistan may speak as much lie
before the world and no one
going to believe them. Pakistan
forgets that it bombs its own citizens by fighter planes. Now it
is time to make Pakistan
answerable before the world on
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he Allahabad High Court
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on Friday ordered a CBI
enquiry into the sensational
gangrape of a mother and her
minor daughter on National
Highway 91 in Bulandshahr
district, observing that it was
“not satisfied” with the police
investigation so far.
The HC, which had taken
suo motu cognisance of the
July 29 incident, also said it
intended to “monitor the
investigation in the case”. The
HC passed this order while
hearing a Public Interest
Litigation (PIL) in the case.
A Division Bench comprising Chief Justice DB Bhosale and
Justice Yashwant Varma passed
the order a day after the Uttar
Pradesh Government submitted
a status report on the investigation into the incident in a sealed
cover to the court.
“We are not satisfied, neither with the way the investigation appears to be taking
place nor with the material that
has been placed on record,” the
HC said and directed the UP
Government to produce the
FIR lodged in connection with
the crime, the medical reports
Continued on Page 4
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the atrocities against people in
Balochistan and Pakistan-occupied Kashmir,” said Modi.
Promising to find a permanent and peaceful solution
as per the basic principles of the
Constitution, Modi said, “We all
are committed to this national
sentiment that there cannot be
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any compromise with the country’s regional integrity.”
“We are ready to address
the grievances of all sections
under the Constitution,” the
Prime Minister said.
Sharing the main points of
his Government’s Kashmir policy, Modi asked the External
Affairs Ministry to try to contact citizens of Pakistan-occupied Kashmir, living in different parts of the world, to get
details of the area’s pitiable
condition and share them with
the international community.
Continued on Page 4
Related reports on P5, 7
tion on registration of diesel cars
and SUVs having engine capacity of 2000cc and above in Delhi
and National Capital Region on
payment of one per cent of the
ex-showroom price of such vehicles as green cess.
The cess, charged as environment protection charge,
has to be paid by the vehicle
manufacturer with Central
Pollution Control Board
(CPCB) which will open a
separate account with a scheduled public sector bank.
The SC said that the registration of the vehicle would be
done by the Regional Transport
Officer on the satisfaction that
1 per cent of the cost of the
vehicle has been deposited
with the CPCB by the vehicle
manufacturers/dealer/subdealer. However, a Bench headed by Chief Justice T S Thakur
left open for adjudication
Centre’s opposition that such
charge cannot be levied by the
court. The SC will decide later
whether green cess can be
levied on diesel vehicles of
below 2000cc engine capacity.
The order was welcomed
by the automobile industry
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which said efforts must be
made to address the real cause
of pollution instead of targeting a particular type of fuel.
The Apex Court’s direction
on modifying its December 16,
2015 order came on a plea of
automobile companies Toyota
and Mercedes-Benz. Appearing
for Mercedes, senior advocate
and former solicitor general
Mohan Parasaran said the
company has offered to pay 1
per cent of the ex-showroom
price of these cars as green cess
on being permitted to resume
sales in Delhi and NCR. Toyota
and Mercedes had insisted
their offer to the court was voluntary in order to overcome
the ban and not on the premise
that their vehicles are polluting
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I
n an unprecedented attack on
the Government, the
Supreme Court has accused the
Centre of trying to paralyse the
judiciary by dragging its feet on
implementing the collegium’s
decision to appoint and transfer Chief Justices and judges of
High Courts. This came on a
day the Government told the
Rajya Sabha that 478 vacancies
were yet to be filled in 24 HCs
of the country and nearly 39
lakh cases were pending there.
Chief Justice of India TS
Thakur, who recently broke
down while making an emotional appeal to the
Government to fill the vacant
post of judges, sent out a stern
message to the Centre over
non-execution of the collegium’s decision, saying the SC
will not tolerate the “logjam”
and would intervene to make
it accountable.
In April, the collegium
cleared the names of over 70
judges, but the Government
has so far neither approved
them nor sent any of them back
to the collegium for reconsideration.
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Lamenting that the Centre
was trying to bring the judiciary to a halt, the SC asked the
Attorney-General to seek
instructions from the Centre.
“We won’t tolerate logjam in
judges’ appointment which is
stifling judicial work.
We will fasten accountability,”
said TS Thakur.
A three-member Bench
headed by Thakur, who also
heads the SC’s collegium,
referred to the differences
between the judiciary and the
Centre over the Memorandum
of Procedure (MoP), dealing
with the appointment of judges,
and said the process of appointment cannot be stalled owing
to delay in the finalisation of
the MoP.
The Bench said that it may
intervene on the “judicial” side
as the eight-month-old decision
of the collegium on transfer and
appointment of HC judges has
not been given effect.
“Why is there mistrust?
Where’s the proposal languishing? Even though 75
names have been recommended by the collegium there seems
to be no response. Even the
appointment of Chief Justices
is pending. Transfers of judges
are pending. We don’t want all
this. This logjam is not good,”
said the Bench, also comprising Justices AM Khanwilkar
and DY Chandrachud.
The Bench said that if the
Government has any reservation against any name then it
can always come back to the
collegium. “If there is a problem with regard to any name,
please send the file back
to us (for reconsideration),”
said the Bench.
The CJI, referring to his
recent visit to Hyderabad, said
that the Andhra Pradesh HC
was working at 40 per cent of
its original strength and the
pendency had risen immensely. Attorney General Mukul
Rohatgi said, “I will take it up
at the highest level and will
come back to the court”.
He pleaded that no notice
be issued for the time-being on
the PIL filed by 1971 war veteran Lieutenant Colonel Anil
Kabotra on the issue.
Continued on Page 4
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he Micro Small & Medium Enterprises (MSME) provides
T
employment to 14 crore people in India and constitutes 45
percent of total manufacturing along with more than 44 percent
share in exports market for products said Union MSME
Minister Kalraj Mishra while taking part in the foundation stone
laying ceremony of ‘Tool Room’ here on Friday.
Chhattisgarh Chief Minister Raman Singh also took part in
the programme.
Tool Room — a Technology Center of MSME will be constructed at Borai Industrial area in Durg district. The project spanning over 25 acres of land would cost about 110 crore and is
focussed at enhancing the skill of new entrepreneurs as well as
imparting technical knowledge to unemployed youths. “In these
Centers, entrepreneurs would be informed about the machines used
in industrial units so that they may get acquainted with the nuances
of the trade. Tool Room will be helpful for aspiring industrialists,”
he said while addressing the gathering.
The
Union
Minister informed
that during former
Prime Minister Atal
Bihari Vajpayee’s
tenure, 18 tool rooms
were established and
now Prime Minister
Narendra Modi’s government is pushing
the projects forward.
Mishra while
mentioning about
global recession,
attributed MSME’s
contribution in controlling the recession D]X^]<B<4<X]XbcTa:P[aPY<XbWaPP]S
effect in India.
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A
ctor Shah Rukh Khan was
detained at the Los Angeles
Airport on Friday over security concern while Sarod maestro
Ustad Amjad Ali Khan’s visa
application was rejected by the
United Kingdom High
Commission. Shah Rukh Khan
was visiting the USA with his
daughter on a holiday and
Amjad Ali Khan Khan was to
perform at the Royal Festival
Hall in London next month.
US Ambassador to India
Richard Verma apologised to
actor Shah Rukh after he tweeted about his detention at the
Los Angeles Airport. This is the
third time in the last seven years
when Khan was stopped by US
immigration officials at the
country’s airports. Verma said
the US was working to ensure
that it does not happen again.
“I fully understand &
respect security with the way
the world is, but to be detained
at US immigration every damn
time really really sucks,” Khan
tweeted on Friday from the US.
However, shortly after Khan
the environment.
While supporting the
automobile companies’ plea
for modification of the order,
the Ministry of Heavy Industry
and Public Enterprises had
opposed imposition of green
cess on buyers of big diesel cars
and SUVs.
On July 4, the court had
reserved its verdict on pleas
seeking modification of its
order banning registration of
diesel-run SUVs and high-end
cars with engine capacity of
2000 cc and above in Delhi and
NCR, indicating that such vehicles may be allowed to be registered again on payment of
one per cent of ex-showroom
price as green cess.
Continued on Page 4
tweeted, the US administration
responded apologising for the
inconvenience. Assistant
Secretary of State for South and
Central Asia in the US
Department Nisha Desai
Biswal replied, “Sorry for the
hassle at the airport, @iamsrk
— even American diplomats
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W
get pulled for extra screening.”
“Sorry for the trouble at
LAX @iamsrk. We are working
to ensure it doesn’t happen
again. Your work inspires millions, including in the US,”
Verma tweeted. Khan thanked
the envoy for his concern.
Continued on Page 4
hen he was 15, swimmer
Michael Phelps used to
dream about winning an
Olympic gold medal for the US.
But, never had he imagined that
one day he would win 13 individual gold medals and break a
2,168-year-old record of 12 solo
titles set by Leonidas of Rhodes.
Leonidas had competed in
four successive Olympiads (164
BC, 160 BC, 156 BC and 152
BC) running barefoot in
extremely hot and humid conditions and becoming the only
athlete to have won 12 solo titles
in any discipline. But then they
say, records are meant to be bro-
ken sooner or later.
So on Friday morning,
after winning a gold in the 200
meter individual medley, 31year-old pool shark Phelps
broke Leonidas’ record. Phelps
clocked 1 minute and 54.66
seconds, followed by Kosuke
Hagino of Japan with a time of
1:57.05 and Wang Shun of
China with 1:57.21. Ryan
Lochte, the world record-holder in the event, finished fifth.
“Right now I don’t know
how to wrap my head around
that,” said Phelps on winning
his 13th individual gold. “I
don’t know what to say. It’s been
a hell of a career.”
Centuries earlier, Leonidas
rather impressively won all
three races at four straight
Olympic Games and was
unmatched in the world, until
Phelps came along.
According to Olympic historians, Leonidas was the closest thing to an Olympic god
winning his last three gold
medals at the ripe old age of 36.
Phelps also became the
oldest man to win individual
swimming gold in 96 years,
breaking a record set by
Hawaiian surfing legend Duke
Kahanamoku in 1920.
Hopefully, Leonidas
enjoyed his 2,168 years on top!
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assage of the long-pending
GST Bill and an unaniP
mous resolution on Kashmir
were the highlights of the "highly productive" Monsoon Session
of Parliament, which was
adjourned sine die on Friday
after 20 sittings. While 13 legislations were passed by the
Lower House, the Upper House
approved 14 laws. Interestingly,
though the productivity of the
Lok Sabha was higher than the
Rajya Sabha in the Monsoon
Session its performance was less
than what it had achieved in the
Budget Session.
Hailing the Session as "highly productive", Rajya Sabha
Chairman Hamid Ansari said
the House debated issues of
"national concern", including
the situations arising out of
inflation, Kashmir violence and
attacks on Dalits. Incidentally, the
Monsoon Session of Parliament
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last year was a stormy affair, which had witnessed several disruptions over the Lalit Modi controversy and the Vyapam scam.
Echoing similar feelings,
Lok Sabha Speaker Sumitra
Mahajan noted that while the
Lower House lost over 6 hours
and 33 minutes of time due to
interruptions followed by
forced adjournments, it sat late
for over 18 hours to discuss various important issues.
Prime Minister Narendra
Modi was in both the Houses,
which were adjourned sine die
one after another. After Rajya
Sabha was adjourned sine die,
Modi, Congress leader Manmohan Singh, and some other
leaders went to the Chairman's
chamber to thank him for conducting House proceedings.
The Session also witnessed
an AAP leader Bhagwant
Mann being barred from
attending the Lok Sabha after
he filmed and uploaded a video
of Parliament complex on
social media, which is being
probed into by a Parliamentary
Committee set up by Speaker
Sumitra Mahajan.
Besides
the
GST
Constituional Amendment, the
Bills which were passed, include
Benami
Transactions
(Prohibition) Bill, Taxation laws
(Amendment) Bill, Factories
(Amendment) Bill, Employee's
Compensation (Amendment)
Bill and the Indian Medical
Council (Amendment) bill.
While the RS deliberated
for more than 112 hours during
20 sittings, the Lok Sabha sat for
121 hours. As many as 59 elected, re-elected and nominated
members joined the RS. Ansari
said the RS held an "animated
debate" while considering and
passing the Constitution (122nd
Amendment) Bill, 2014, to pave
the way for rollout of a new indirect tax regime, GST. "The incidents of violence in Kashmir
engaged the undivided attention
of the House. The debates took
ten hours of the House in two
separate days," Ansari said.
The Lower House also took
up four discussions, including
violence in Kashmir, price rise,
sustainable development goals
and atrocities against dalits.
Both the Houses passed an
unanimous resolution on the
Kashmir Valley. It appealed to all
sections of the society in J&K, to
work for the early restoration of
normalcy and unanimously
resolved to restore confidence
among people in general and
youth in particular. It also
resolved there can be no compromise with the country's unity,
integrity and national security.
Parliamentar y Affairs
Minister Ananth Kumar said
while the productivity of the
Lok Sabhs was 110.84 per cent,
that of the Rajya Sabha was
99.54 per cent. The Rajya Sabha
had recorded a productivity of
91 per cent, lower than what it
achieved in the latest Session.
he much-awaited proposed
Rafale fighter jet deal is
likely to come up in the
Defence Acquisition Council
(DAC) meeting chaired by
Defence Minister Manohar
Parrikar next week after the
negotiating team of the
Defence Ministry submitted
its final report recently. The
team was holding meetings
with its French counterpart to
hammer out the final price of
the 36 jet deal. The price tag is
likely to be C60, 000 crore.
The DAC, the apex body
for clearing acquisition of
weapon systems for the armed
forces, had last month reviewed
the multi-billion Euro Rafale
deal and directed the Indian
negotiating team to submit its
report "expeditiously." The
next meeting of the DAC is
likely to be on August 18
Giving the progress report,
Parrikar in a written reply in
the Lok Sabha said on Friday
"the negotiating team has submitted its report which is under
F^]´ccfTPZR^]bcXcdcX^]P[_a^eXbX^]^]
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?=BQ =4F34;78
ith serious concerns on
several issues expressed
W
by Rajya Sabha members over
the draft education policy, the
Centre on Friday asserted that
it will not tweak the constitutional provision regarding
reservation and minority institutions. On the demand from
the members, the HRD
Ministry extended the last
dates for suggestions on
National Education Policy till
the middle of next month.
A day after the Opposition
in Rajya Sabha slammed the
NEP draft as an RSS document,
HRD Minister Prakash
Javadekar said only inputs or
comments have been sought on
a draft for which the deadline
too has been extended till
September 15.
While the debate on the
draft education policy had
remained inconclusive on
Thursday, Deputy Chairman P
J Kurien said the short-duration discussion was not over
and it would be completed
whenever time permits, including in the next session.
As members protested and
demanded that the debate be
concluded, Javadekar sought to
allay fears through a brief statement. "We are not tinkering with
Constitutional provision with
regard to minority institutions or
reservation. We believe in
democracy... We believe education must be imparted with the
objective of raising standard of
lives," HRD Minister said.
Opposition benches however wanted the debate to be
completed and the Minister to
give a detailed reply. However the
House was adjourned sine die.
Kanimozhi (DMK) vehemently protested on the issue
but Kurien said Zero Hour
submissions would be taken up
and whenever time permits
the discussion would resume,
including in the Winter Session.
In his speech during the debate,
Sitaram Yechury (CPI-M) on
Thursday had said the draft policy was a lift from an RSS document
presented
in
Amarkantak and in the name of
Vedic education, the study of
history is being converted into
the study of Hindu mythology,
the study of Indian philosophy
into a study of Hindu theology.
Former HRD minister
Kapil Sibal (Cong) had stated
that no education system in the
world has ever survived the
infusion of ideology.
?A824C06;8:4;HC>
14C%2A
examination."
During his visit to France
in April last year, Prime
Minister Narendra Modi had
announced that India would
purchase 36 Rafale jets in a
Government-to-Government
contract. The commercial
negotiations started in January
this year between the Indian
and French Government officials besides Dassault Aviation,
manufacturer of Rafale jets.
The proposed deal comes
with the clause of delivering 50
per cent offsets, creating business worth at least 3 billion
Euros for smaller Indian companies and generating thou-
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?C8
New Delhi: Stepping up his attack in the National Herald case,
BJP leader Subramanian Swamy on Friday filed a petition to
Urban Development Minister Venkaiah Naidu, demanding taking over the controversial Herald House building by Delhi
Development Authority (DDA).
In his petition, Swamy said Herald House was appropriated by Congress president Sonia Gandhi and vice-president Rahul
Gandhi by floating a private company called Young Indian and
DDA which allotted the land, should take over as there is no
publishing activity there.
"DDA now has the right to enter the said premises and take
it over because it is being misused by Young Indian for collecting
rent at exhorbitant rates by letting out the premises to a number of corporate parties and the Passport of MEA," said Swamy.
DDA allotted land to Associated Journal Limited (AJL) in
early 70s for printing and publishing of National Herald newspaper and the paper has become defunct from 2008. Swamy
said as the trail court to Supreme Court has ratified the prima
facie cheating and fraud in the case, the DDA should take over
the building as the land belongs to it. AJL lost all right to continue in the building from 2008, as when they stopped the publishing activity, he said.
"I may also say that the AJL properties in Harayna, Madhya
Pradesh and Mumbai have been taken over the respective State
Governments since my complaint case was filed in the Patiala
House Courts. Hence, I urge you to do the same thing with the
Herald House on Bahadurshah Zafar Marg, New Delhi," said
Swamy.
PNS
&HQWUHIRUPRUHUREXVWDQWLWHUURUODZV ?fUb!<T_WRYdUY^SYTU^dcY^
New Delhi: Against the backdrop of terrorists widely using
social media for their propaganda and emergence of new
threats, the Centre on Friday said
it is working on strengthening
the anti-terror laws and specialised organisations besides
providing legal protection for
undercover operations.
Union Home Minister
Rajnath Singh, while addressing
the ‘national conference on
investigating agencies’, said the
Government is committed to
punish terrorists and is working
to strengthen the Unlawful
Activities (Prevention) Act and
the National Investigation
Agency (NIA) Act.
"We are considering legal
protection for undercover operation, use of intelligence collected as evidence and entire gamut
of issues relevant to combating
terrorism," he maintained adding
due to widespread use of social
media by terrorists, new threats
have been emerging in the country. "To face these challenges, the
present capabilities of specialised
organisations like Indian
Computer Emergency Response
Team (CERT-IN), Centre for
Development of Advanced
Computing (C-DAC) need to be
strengthened," he said.
He said the Government is
also examining enactment of the
Mutual Legal Assistance in
Criminal Matters Act to provide
legal sanction for evidence
obtained through Mutual Legal
Assistance Treaties and remove
doubts about admissibility of
such evidence. He said the
Government has taken steps to
improve the quality of investigation and has revamped the
Crime and Criminal Tracking
Network Systems (CCTNS) project for complete computerisation of the working of police and
extended it to court, jail, prosecution and forensic laboratories.
With atrocities against Dalits
making headlines, Singh said the
NDA has strengthened Scheduled Caste and Scheduled Tribe
(Prevention of Atrocities) Act by
amending it in 2014 and adding
a new category of offences.
On the issue of women safe-
sands of jobs in India through
offsets. France has also offered
to collaborate with India in
developing Kaveri jet engine.
The Indian scientists are yet to
achieve breakthrough in developing the highly complex
engine for indigenously developed and manufactured Tejas
fighter jet.
Once the DAC and the
Defence Ministry clears the
deal, the Finance Ministry will
scrutinise it before showing it
to Cabinet Committee on
Security(CCS) headed by
Prime Minister Narendra
Modi. The final nod for the
deal will be given by the CCS.
ty, he said dedicated Investigative
Units on Crime against Women
are being established in 564 districts of India to investigate
crime against women. In these
units, one-third of investigators
will be women, to be funded by
Centre and States on 50-50 partnership basis, he said adding the
Centre will spend C324 crore in
next two years on these units.
Singh said investigation
agencies are facing many challenges and hoped that the conference would be an opportunity to discuss ways to overcome
them even as he stressed for improving investigation at police station level given that as per the
National Crime Records Bureau
conviction rate is very low. PNS
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ore than one lakh people
in Kerala have been bitten
M
by dogs in 2015-16, a Supreme
Court-appointed panel on
Friday said, while warning that
frequent stray dog attacks on
children in the State have created a dangerous situation.
"India is a nation with substantial fatal rabies cases, mainly due to stray dog bites. Kerala
is estimated to have stray dog
population of 2.5 lakh, that
feeds on the garbage dumps
across cities and towns,” the
three-member committee
headed by former Kerala High
Court judge Justice SS Jagan
said in its report.
The committee also comprising the State law secretary
and the director health services, filed the report before a
Bench of Justices Dipak Misra
and UU Lalit.
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The Bench directed the
committee to continue its work
and asked the State
Government to provide all
necessary infrastructure to it.
On April 5, the apex court
had appointed the committee
to look into the aspect of treatment of people, who have been
bitten by stray dogs and the
claims of compensation.
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BC055A4?>AC4AQ 18;0B?DA
T
he
Chhattisgarh
Government has come out
with a unique scheme which
allows owners of private land
with minimum of 25 acres of
holdings to be able to establish
their own ‘Private Industrial
Estate’ in Bilaspur district.
Notably, the Industries
Department had been making
efforts to promote a number of
industrial estates in the private
sector, officials informed.
It may be recalled that the
Chhattisgarh Government had
introduced a special promotion
scheme for setting up of private
industrial estates in its industrial policy 2014-19.
The incentives for the
scheme include 100 per cent
stamp duty exemption and 30
Government grant upto C5
crore on infrastructure cost
excluding cost of land.
Notably,the Chhattisgarh
State Industrial Development
Corporation (CSIDC) is also in
the process of developing comprehensive infrastructure for
Bartori Industrial Area at Tilda
in Raipur district, officials
informed.
The infrastructure development being taken up at the
industrial area includes roads,
drainage, Administrative build-
2B8328B0;B>1A8=68=6D?C74B8;?070A8
8=3DBCA80;4BC0C40B0²;0A648=3DBCA80;
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ing, I-type quarter, shopping
complex, pump house, bore
well, water supply scheme
including over head tank, sump
well and pipe line, street light
and sign boards .
Notably, CSIDC is also
bringing up the Silpahari
Industrial Estate as a ‘Large
Industrial Area’ near Bilaspur.
An infrastructural development plan has been formulated which includes basic
infrastructure like water supply,
roads, drainage and street light,
officials informed.
On the other hand,
Chhattisgarh Government has
finally completed the development of ‘Iron and Steel Cluster’
near Raipur at an estimated
cost of C54.86 crores.
The cluster project was
approved by the Central
Government on March 4, 2005
during the 10th plan period.
The Central Government had
released grant of C30.79 crores
for development of the cluster,
according to the available
Central Government data.
Notably, a Centralized
Effluent Treatment Plant had
been proposed to be constructed at the ongoing Metal
Park project which is being
established on 87.57 hectares of
land at Rawanbhata about 12
kms from Raipur city, officials
informed.
The project is being executed by CSIDC). A Waste
Water Drainage system has
also been proposed at the site.
The first phase of Metal
Park has been completed in 20
hectares of land.
The proposed industries to
be established at the Park are
downstream metal (ferro and
non ferro) industries like tower
manufacturing units, wind
mills, nut-bolt, hand tools,
forgings, castings, utensils, auto
components, machine manufacturing, pipe/tubes ropes,
transformers, welding electrodes,
modular
furniture/kitchen, control panels etc. Plots of various sizes
ranging from 1000 sqmt to
10000 sqmt.are available.
The Metal Park shall provide quality infrastructure like
roads, water supply, street light,
commercial and amenities zone.
Notably, the Central
Government has approved projects worth C99 crore for upgradation of key industrial infrastructure in Chhattisgarh.
Currently infrastructure of
Urla Industrial Area in Raipur
and Sirgitti Industrial Area in
³BcPcT[TPSbX]?<:::H_a^YTRcb´X\_[T\T]cPcX^]´
Bilaspur are also being upgraded which includes improvement of roads, water and power
supply facilities, officials stated.
The Centre has approved
an estimated C54.81 crore for
upgradation of infrastructure
facilities at Urla Industrial Area
BC055A4?>AC4AQ 178;08
T
C
hhattisgarh has taken the
lead in the country with
launch of five projects under
Pradhan Mantri Khanij Kshetra
Kalyan Yojana (PMKKKY) in
insurgency infested Dantewada
district of Bastar, the Central
Government has informed. The
projects are funded through
District Mineral Fund (DMF)
under PMKKKY. Other state
Governments are also processing their projects under
PMKKKY. This was informed in
a meeting of the Parliamentary
Consultative Committee
attached to the Ministry of
Mines was held in New Delhi on
Thursday for reviewing the
“Steps to Expand/Promote
Mining Sector” .
Union Minister of State
(Independent Charge) for
Power, Coal, New & Renewable
Energy and Mines Piyush
Goyal had chaired the meeting.
In his opening remarks,
Goyal had informed the
Committee members that the
Ministry of Mines is regularly
monitoring the implementation of District Mineral
Foundation (DMF) and
Pradhan Mantri Khanij Kshetra
Kalyan Yojana (PMKKKY).
Notably, DMF is to work
for the interest and benefit of
persons and areas affected by
mining related operations,
which is to be funded out of the
contribution received from
holders of mining lease.
As per the latest information available 10 states have
framed the rules for DMF and
constituted DMFs and a total of
C1427.2 crore has been collected through contributions to
DMF across the states.
On the occasion, Secretary,
Mines, Balvinder Kumar made
a detailed presentation giving
highlights of achievements of the
Mines Ministry during 2015-16.
The presentation also gave
an overview of major initiatives
and activities being undertaken by the Ministry of Mines.
Reforms in the mining sector
have been initiated through the
amendment to MMDR Act,
1957 through the MMDR
Amendment Ordinance, 2015
that was replaced by the
MMDR Amendment Act,
2015, notified on 27th March,
2015 and which came into
effect from January 12, 2015.
He detailed out the salient
provisions of the MMDR
(Amendment) Act, 2015.
Kumar said that Mineral
Conser vation
and
Development Rules (MCDR),
2016 and Offshore Areas
Mineral (Development and
Regulation) Act, 2002
(OAMDR) (Amendment) are
under active consideration.
Constitution of InterMinisterial Group, post Auction
mining Clearances and
FXcWPQdbhUTbcXeTbTPb^]PWTPScWT\PaZTcU^aAPZWXbXbP[aTPShPQdiifXcWPRcXeXchX]APX_da
Chhattisgarh, officials stated.
The proposed Plastic Park
will be established by a Special
Purpose Vehicle (SPV) with
CSIDC as a partner. Around 50
units to be set up in this park,
officials stated.
The
Chhattisgarh
Government would hold a
mandatory 26 per cent equity
in the SPV.
The
Chhattisgarh
Government had sent a proposal to the Central
Government for setting up a
Plastic Park on July 7, 2015.
0[[1B?ad]bRW^^[bc^X\_Pac2^\_dcTa4SdRPcX^]b^^]
he Bhilai Steel Plant (BSP)
administration is making
elaborate arrangements to
impart Computer Education to
the students of all its administered schools.
BSP is also developing as
many as 21 villages in the
periphery of Bhilai township
which have been identified for
adoption as ‘model steel villages'.
BC055A4?>AC4AQ A08?DA
and around C44.60 crore for
Sirgitti Industrial Area.
Notably, the Union
Ministry of Chemicals &
Fertilisers has also accorded ‘in
principle’ approval to the proposed Plastic Park project in
Rajnandgaon district of
The company's Corporate
S ocial
Responsibility
Department is engaging in a
number of activities in the
adopted villages such as
empowering the rural folk,
specially the women under the
Swyamsiddha or self-employment project, providing basic
infrastructure facilities development as well as activities
aimed at providing school
children opportunities to
express their talent, officials
informed.
Notably, in 2007, the BSP
established 'Bhilai Ispat Vikas
Vidyalaya' and 'Ispat Kalyan
Chikitsalaya' for the benefit of the
economically backward section
of society in the township and its
periphery.
The BSP has also adopted
over 100 tribal children, providing free residential education,
accommodation and meals. The
mega-sports event that Bhilai
has been organising in
Narayanpur for tribal schoolchildren for three consecutive
years since 2006 attracts more
than 1500 students from schools
in remote areas of Bastar every
year, officials stated.
The company has also
adopted four girls from
Abujhmad area of Bastar for
their education in Bhilai
Nursing College.
Approvals Facilitator (PAMCAF) to facilitate and expedite
various clearances/ approvals
required after the mineral block
is allocated through e- auction,
it was informed.
Elaborating the ‘Steps to
Expand/ Promote Mining
Sector’, Kumar said that the
Ministry of Mines in its recently released National Mineral
Exploration Policy-2016, has
identified many activities for
accelerating mineral exploration
in the country. Action towards
taking up these activities have
already been initiated by the
Geological Survey of India (GSI),
he said. Transparency is ensured
in grant of mineral concessions through e-Auction of
mineral blocks. The organisations of Ministry of Mines viz.
GSI, MECL and IBM are offering intensive hand holding of
State Governments in identification of mineral blocks for auction, Kumar said.
BP]c^bWBPWdk?X^]TTa
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BC055A4?>AC4AQ A08?DA
A
debate competition was
organised by Indian
Institute of Technology (IIT),
Bhilai here on Thursday.
The competition involved
the participation of five students each from Indian
Institute of Management
Raipur,
Government
Engineering College and
Indian Institute of Technology,
Bhilai.
The competition, which
was part of “Independence
fortnight 2016”, aimed at not
only finding potential speakers
but also upon polishing their
qualities, general awareness
and confidence.
The topics were given on
the spot and covered different
aspects of society ranging from
“The abolition of capital punishment”
to
“Women
Empowerment”.
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A
t least six persons went
missing
when
a
Mahindra Bolero got swept
away while crossing a culvert
on a river in Jashpur district
here on Friday afternoon.
“Thirteen people all residents of Baturabahar village
of Pathalgaon block in the
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district were going to
Kailashgufa for immersing
mortal remains of one of
their relatives, in a Mahindra
Bolero vehicle.
While crossing the bridge
on Maini River, the vehicle
was caught in the heavy current and got washed away,”
Superintendent of Police (SP)
Jashpur, Girjashankar Jaiswal
said.Seven people including
the driver managed to somehow get out of the vehicle in
raging river located about
450 km from Raipur, he said.
The search and rescue
operation has been launched;
but police has not been able
to find the vehicle or bodies
of any person in it, the SP
noted while adding that continuous rain was also impeding search operations.
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A
sserting that it was serious
about the issue of drug
abuse and was taking various
initiatives to check the menace
of drugs, Himachal Pradesh
Government on Friday said a
cannabis and opium eradication campaign would be carried out from from August 22
to September 5.
A spokesperson of the State
Government said that the campaign will be carried out at the
directions of Chief Minister
Virbhadra Singh. He said that
the cultivation of Cannabis
and Opium both in private
and Government lands was
posing a threat to social well
being of the people of the
State, which was leading to
drug trafficking and many
other social crimes.
The spokesperson said a
meeting was held recently in
this regard under the
Chairmanship of Chief
Secretary who directed the officers to chalk out an action plan
to implement the campaign.
The plan has been drafted
and Department of Rural
Development and Panchayati
Raj has been made the Nodal
Department at the State level
for carrying out Cannabis/
Opium Eradication Campaign.
The Chief Secretary would
review and monitor the
Cannabis/ Opium eradication
campaign at the State level
and at District level the Nodal
Officers would be the Deputy
Commissioners whereas SDMs
would be the Nodal Officers at
Sub Divisional level. All
Panchayati Raj Institution representatives would also be
included in the campaign.
The Spokesperson said that
eradication
of
Cannabis/Opium would be
done in all lands including
Gram Panchayats, forest, PWD,
IPH, Agriculture, Horticulture
lands and roadsides, etc.
He said that the sector
officers would also submit the
“Cannabis/ Opium free land”
certificate to the Nodal Officer
at Sub Divisional level.
He informed that the
Director, Education would
also issue directions to the
colleges and schools to organise Cannabis/ Opium eradication campaign through NSS
volunteers
in
S enior
S econdar y S chools and
Colleges during the period.
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he Chhattisgarh Infotech
and Biotech Promotion
T
Society (CHiPS) will be deploy-
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:0F0A370
odo millet — that has been
traditionally cultivated mostK
ly by tribal people on a non-commercial basis — is witnessing a
greater farming push in
Kabirdham district of
Chhattisgarh. “There has been
an increase in the acreage of
Kodo millet as its demand is on
the rise. The Agriculture
Department is working in this
direction and we are getting
desired results,” a farmer said.
This year, Kodo millet was
cultivated in over 6,929 hectares
of land,” District Agriculture
Officer, NL Pandey said while
adding that the crop takes 110
days to mature. According to the
official, Kodo is beneficial for
diabetes patients and this crop
require very less water, so it is
also famous as ‘crop of drought’.
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Baiga people take a special interest in cultivating Kodo millet
which is also called the ‘sugar free
rice’. The Kodo millet demand
has jumped on a national scale
in recent times. The crop is
being sent to Mumbai, Jalgaon,
Pune, Dehli, Nagpur and other
parts of India, it was learnt.
This crop is being cultivated
mostly in Bodla and Pandaria
block in the district.
The indigenous people who
are engaged in the millet farming say that once the Kodo
seeds are sown, then only a few
times irrigation is required. The
crop does not need pesticides as
well. Interestingly, the ‘Baiga
tribe’ which is one of the primate
tribe group (PTC) are also cultivating maize crops in the district. According to district
administration officers, tribal
people are taking up maize
farming in a big way.
in 37 layers, officials stated.
Through this system, Land
Record Map, Topography, Land
use, Drainage System, Forest,
Land fertility, Minerals data has
been collected. Computerisation
of more than 20,000 village
Land maps has been completed.
Administrative and physical map
of all 27 districts has been completed. Dial 100 project of Police
Department is also using GIS
and based on GPS, officials
informed.
Moreover, in order to
establish coordination among
students, educational institutes
and
industries,
'Chhattisgarh
Campus
Connect Portal' has also been
started. Through this portal
students get to know about
skill development schemes.
Chhattisgarh's
eGovernance projects has been
lauded all over India and we have
received various awards in this
field recently, officials stated.
Prominent among this are
"eReadiness Award" for extensive
use of IT services in the State for
the year 2013, CSI-Nihilent eGovernance Awards 2013-14 –
Sustainability Award to
Chhattisgarh Geographic
Information System, CSINihilent e-Governance Awards
2013-14 Award for Sustained
Excellence in e-Governance.
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against sex racket kingpin Sunil
Meher and his nine associates.
The Quick Action Team
(QAT) of the Commissionerate
police had arrested Meher from
Kolkata on April 21 this year.
Meher, who was wanted in
nine cases, was running sex
rackets at various places in
Odisha, Kolkata, Bengaluru and
Siligudi, according to sources.
He had as many as 150 girls,
mostly college students, working
as call girls and ‘paid girlfriends’
for rich customers across the
country. He was making business of around Rs 15 lakh a
month, the sources added.
He had also allegedly roped
in a young Kyrgyz woman, who
was rescued in March from an
apartment in Bhubaneswar,
into his flesh trade.
Meher is a notorious
criminal involved in immoral
trafficking for a long time and
had managed to dodge the
police during raids earlier.
He was declared the most
wanted in three of nine cases
lodged against him.
From Page 1
Meanwhile,
the
Government informed the
Rajya Sabha that 478 vacancies
were yet to be filled in 24 HC’s
of the country and nearly 39
lakh cases were pending there.
The Government also said
the sanctioned strength of judges
in the HC’s has increased from
906 in June 2014 to 1,079 in June
this year. Though the sanc-
tioned strength has increased,
according to the latest Law
Ministry data, as on August 1,
the working strength of the 24
HCs is 601 judges, which means
478 vacancies are yet to be filled.
The SC, with a sanctioned
strength of 31 judges, including
the Chief Justice, has three
vacancies. The figures relating
to the total number of pending
cases in the HCs and the
increased sanctioned strength of
judges was given by Minister of
State for Law PP Chaudhary in
a written response to a question.
Giving out the reasons
behind pendency of cases, he
said increased impact of State
and Central legislations, accumulation of first appeals,
vacancies of judges, frequent
adjournments were the main
causes for pending cases.
B2[XUcbQP]
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he Commissionerate police
on Friday submitted a 300T
page chargesheet in court
94`cUVcd43:
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From Page 1
of the rape victims and
statements of witnesses by the
next date of hearing on August
17.
The court also expressed
dissatisfaction with details of
the backgrounds, criminal
records and political affiliations
which had been provided in the
status report as per its earlier
order, dated August 8.
The court said even a single day’s delay in sending this
case to the CBI for investigation
will be harmful for the victims.
The Bench will continue to
hear the other cases of rape that
occurred on highways recently on August 17.
The Bench had asked the
UP Government on Wednesday
through the Advocate General
to make available detailed
reports regarding rapes and
robberies on National
Highways, especially in and
around Bulandshahr.
The Additional Advocate
General also filed an affidavit
in respect of the action taken
in other cases of robbery and
rape which occurred a few
days before this gangrape.
During an earlier hearing,
beside seeking a status report,
the court had also sought to
know
from
the
UP
Government whether it was
“willing to hand over the investigation of the case to the CBI”
and “what steps the State would
like to take to avoid such incidents in future”.
A>hR_ed:_UZRe`
From Page 1
The Government’s efforts
include reaching out to the civil
society and speed up measures to integrate Kashmir’s
youth with the State’s economic activities. Seeking support of
all political parties, the Prime
Minister said, “When terrorism
is on the rise across the world
and when we are encircled by
terrorism sponsored by the
neighbouring country, then we
will have to be united in this
ing an Enterprise-level ‘Network
Monitoring System’ for
'Chhattisgarh State Wide Area
Network' (CGSWAN) upgradation project, officials informed.
In Chhattisgarh, more than
3,000 rural CHOICE Centres,
200 urban CHOICE Centres
and Common Service Centres
(CSCs) are functioning where
citizens are getting online citizen
centric services, they informed.
All the districts now have
Lok Seva Kendra and even in
remote districts like Sukma,
Bijapur, Balrampur people are
getting Income Certificate, Birth
& Death Certificate, Khasra & B1 Copy, Marriage Registration,
Aadhar Registration, Epic Card
printing, Caste Certificate,
Resident Certificate, Gumashta
Licence etc. online.
The State Portal Service has
been provided to more than 40
Lakh persons. The various
departments of the State are providing online services to citizens.
The Revenue Department has
put their services online like
Mutation,
Demarcation,
Batankan and providing loan
Booklet.
Any eligible person can
apply online to get benefit of
pension schemes of Social
Welfare Department. Municipal
Corporation, CSEB, RTO are
also providing their services
online. Online payment of electricity bill is popular and time
saving for urban as well as rural
folks. More than 153 rural
CHOICE Centres has been designated as Banking Agents and
they have opened more than 1.40
lakh Bank accounts.Commerce
and Industry Department has
also started online land allocation portal for investors.
Public Health Engineering
Department is monitoring
online, the functioning of departmental activities. The Health
Department has started monitoring and registering of various
schemes online like Janani
Suraksha Yojna, E-Mahatari.
e-Scholarship has been
started by School Education
department.
Likewise
Commercial Tax Department,
Forest Department, Finance
Department and other
Government establishments
are also fully implementing
the e-Governance project.
The e-Procurement system
has been implemented in many
Government departments.
Chhattisgarh is also the first state
to prepare GIS (Geographical
Information System) of villages
fight. The Government expects
constructive support from all
Opposition parties on this.”
“I have complete confidence that with the dedication
of the State Government and
with your total cooperation we
will soon restore normal life in
Jammu & Kashmir again,” he
said as he praised Chief
Minister Mehbooba Mufti’s
Government, in which BJP is a
partner, for its “careful handling” of the issue despite odds.
Like every Indian, he also
felt “deep pain” over the events
in the State, he said, adding it
was painful that students were
unable to study, apples produced in large quantity in the
Valley were not reaching markets and Government offices
were unable to carry out public welfare works.
“Whoever be killed, whether
civilians or security forces, we all
feel the pain. I have full sympathies with their families.
From Page 1
Despite the Apex Court
order, Toyota insisted its stand
to hold back investments in
India will continue till it gets
clarity on the future roadmap
both from a court’s stand point
and Government’s policy side.
“Our vehicles meet every norm
laid out in the country. We
made the offer of 1 per cent
green cess under duress. While
we welcome the Supreme
Court decision, we wish if only
the Court did this earlier,”
Toyota Kirloskar Motor ViceChairman and Director Shekar
Viswanathan said.
Society
of
Indian
Automobile Manufacturers
(SIAMs) Director General
Vishnu Mathur said the decision
will bring certain amount of
relief for those companies whose
vehicles were affected by the ban.
From Page 1
“No trouble sir, respect
the protocol & not expecting 2 b above it. It’s just a
tad inconvenient. Thx for ur
concern,” Khan responded.
In April 2012, Khan was
detained at the White Plains
Airport near New York for
over two hours by immigration officials. In 2009, he was
detained at the Newark
Airport in New Jersey for
nearly two hours.
Meanwhile, tagging
Foreign Minister Sushma
Swaraj in his tweet, Amjad Ali
Khan wrote, “My UK visa
rejected.
Extremely sad for artists
who are spreading the message of love & peace
@HCI_London @MEAIndia
@ U K i n I n d i a
@SushmaSwaraj.”
5^d]SPcX^]bc^]T
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From Page 1
He informed that the registration process for promoting MSME has been relaxed
and anyone who wants to set
up their own industrial unit
could get their registration
done by providing 20 point
information just in a few minutes.
“In past 6 months, more
than 12 lakh people have been
registered across India,” he
said.
Chhattisgarh
Chief
Minister Raman Singh, who
was presiding over the programme, said that Durg-Bhilai
had been industrial region for
past several years and this
Center will hone the skills of
entrepreneurs and the youth.
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early 36 hours after
denouncing President
N
Barack Obama and Hillary
Clinton as “founders” of ISIS
at an election rally and repeating the description in several media interviews, Donald
Trump sought to backtrack on
Friday, claiming he was only
being sarcastic.
While doing so, he resorted
to a dose of media-bashing,
specifically targeting CNN.
“Ratings challenged @CNN
reports so seriously that I call
President Obama (and Clinton)
“the founder” of ISIS, & MVP
(Most Valued Player). THEY
DON’T GET SARCASM?” the
real estate mogul tweeted on
Friday morning.
On Thursday, Trump had an
escape route during an interview
but he opted to double down on
his accusation. When a conservative radio host wondered if his
reference was to the vacuum created by President Obama’s abrupt
withdrawal of forces from Iraq,
Trump insisted: “No, I meant
that he’s the founder of ISIS. I do.”
Trump’s belated claim of
sarcasm has come amid mounting worries within his own
Republican Party that his campaign goof-ups will cost the
party not only the White House
race, but the Congressional elections as well.
This fear prompted 75 former Republican staffers to sign
a letter urging Republican
National Committee Chairman
Reince Priebus to “suspend”
funding for Trump’s campaign
and divert all resources to
Congressional races.
“Given the catastrophic
impact that Donald Trump’s
losing presidential campaign
will have on down-ballot Senate
and House races, we urge you to
immediately suspend all discretionary RNC support for Trump
and focus the entirety of the
RNC’s available resources on preserving the GOP’s congressional majorities,” says the letter,
which is still in the process of
being submitted to Priebus.
Trump, however, poohpoohed the report, telling Fox
News that it is not the party that
is raising money for him, but it
is he who has been raising
money for the party candidates.
In contrast to the goings-on
within the Republican Party,
the Democrats appeared to be
thrilled over the Trump gaffes,
confident that these will
boomerang on the billionaire
and Clinton’s task much easier in
the run-up to the November
election.
Clinton,
meanwhile,
released her own economic policy, touting is pro-middle class as
against Trump’s “pro-rich” tax
proposals. “Trump wants
America to work for him and his
friends. We need to build an
economy that works for everyone,” Clinton said after unveiling
her economic vision.
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string of coordinated
bomb blasts within hours
A
rocked Thailand’s famous
tourist towns, including
Phuket, killing four people
and injuring 34 others, days
after the country voted to
accept a military-backed
Constitution.
At least 11 bombs, many of
them twin blasts, hit five southern provinces in the past 24
hours. Police said they had
detained some suspects but ruled
out international terrorism.
Two bombs went off in the
resort of Hua Hin this morning near the clock tower, a city
landmark, killing one and
injuring three.
Around 200 metres away,
another two bombs exploded
late yesterday as foreign
tourists were leaving local bars
to go back to their hotels,
Police Lieutenant Colonel
Samoer Yoosumran said.
At least 11 people — mostly citizens from Italy, Germany,
the Netherlands and Austria — were injured and a woman
who had a food vending cart in
front of a bar was killed,
Yoosumran said. No Indian
has been reported injured.
Hua Hin is a popular
coastal resort, about 145 kilometers southwest of the Thai
capital, Bangkok. It’s also home
to the Klai Kangwon Palace,
the seaside residence of
Thailand’s King Bhumibol
Adulyadej.
The palace is located less
than about 2 kilometres from
the bombing site.
Two more persons were
killed in three blasts in Surat
Thani and Trang area.
There were reports of
bomb explosions in popular
resort town of Phuket in
Patong beach injuring a few
but no fatalities were reported.
A bomb also exploded
near the governor’s residence
in Muang district.
The blasts came as the
country celebrated the birthday
of Queen Sirikit, a holiday.
This is is first time there
have been bomb blasts in popular tourist spots like Hua
Hin and Phuket.
No one has claimed
responsibility for the blasts
and it is not clear if they are
connected.
Thai police said that the
bombings were acts of local
sabotage and not “terrorist” in
nature.
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urkey said on Friday it has
received “positive signals”
from the United States over its
requests to extradite
Pennsylvania-based preacher
Fethullah Gulen whom
Ankara accuses of ordering
last month’s attempted coup.
“We have star ted to
receive some positive signals
on the calls we have made” for
Gulen’s extradition, Foreign
Minister Mevlut Cavusoglu
told reporters in Ankara, saying further documents relating to the case for his deportation were being drawn up to
send to Washington.
Gulen is accused of ordering the July 15 coup during
which a group within the
military tried to remove
President Recep Tay yip
Erdogan from power. He
strongly denies the claim.
Since then, Turkey has
sent several documents to
the United States which
Ankara claims proves that
Gulen was involved.
“Everyone in the world
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knows who is behind this
coup attempt,” Cavusoglu
said. Last week, an arrest
warrant was issued in Turkey
for Gulen.
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Moscow: Russian President
Vladimir Putin has unexpectedly dismissed his chief of staff
Sergei Ivanov. Ivanov has been
part of Putin’s trusted inner circle for many years. The 63-yearold has now been made a special representative for environmental and transport issues.
A statement from the
Kremlin said that Putin had
“decreed to relieve Ivanov of his
duties as head of the Russian
presidential administration”, but
gave no reason. Ivanov’s deputy
since 2012, Anton Vaino, has
been appointed as his successor.
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T
his past week in
Parliament, Jitendra
Singh, Minister of State
for Personnel, told MPs
that the oldest age to
appear for the civil service examination was “47 years, and at 50 years
they are eligible for retirement”. The
age limit for a “general” candidate
— one who does not get additional benefits that are available to
Scheduled Caste, Scheduled Tribe,
OBC and differently-abled candidates — is 32 years. He or she could
be competing with somebody 10 or
11 years his junior, and in terms of
lived experience and contemporariness, a generation removed.
The discussion in Parliament
followed a recommendation by a
committee set up by the Union
Public Service Commission
(UPSC) that the age limit be progressively reduced by five years, to
27 years for general candidates.
Consequently, age limits for other
categories will also decline.
Over the years, Governments
have gradually enhanced the age
limit. There was a time in the 1950s
and early 1960s, when only a
young 20-something could get
into the civil service. Today, much
older candidates, having worked
for years in the private sector or
simply sat the UPSC examination
time after time, make it. Their reasons for joining, their motivation,
their idealism, given their fairly
advanced age, their spirit of public service, their ability to learn and
adapt, all suffer in the process.
This has resulted in a sub-segment of India’s youth being permanent civil service aspirants. Those
who fail to make it after several
attempts — a general candidate can
make six attempts — find their lives
have been wasted. A 32-year-old
who hasn’t made it after a sixth
attempt has little to show for himself or herself, other than college and
university degrees. By then his or
her peers would have worked elsewhere through their twenties and
would be settling into middle management or even knocking at the
doors of senior management.
Reform of the domestic civil
service is desperately needed in
India and is an issue the Narendra
Modi Government has, most
regrettably, only slightly touched in
the past two years. True, it needs to
be said that “reform” means different things to different people.
Neither is it the case that merely
reducing the upper age limit for
those who can sit the UPSC examination is the be all and end all of
such reform. Nevertheless it is an
important ingredient.
A related issue is the strict, hide-
bound norm of “seniority”. Every
system — whether a civil service, a
private sector corporation or an academic institution - has a hierarchy;
that is understandable. However, the
best institutions make avenues for
exceptional talent to be able to move
up quicker, to get to key and appropriate positions quicker and to
become part of an informal or even
formal fast track. In the Indian
Foreign Service, much smaller as a
cadre, this is being slowly implemented. In the domestic civil service, it is much more difficult to do.
Recruiting younger civil servants, with greater motivation, is
one option but it is not the only
one. There needs to be a system
where — say after 20 years of service or perhaps after a two-year
stint at the joint secretary level —
officers outgrow their batches
and years of entry. At this point,
all senior civil servants form a
common pool and can be assigned
any job. Theoretically a younger
person could head a department
and have an older person working
under him.
Today, this can only happen if
the older person is from a batch
that is junior and entered the civil
service — after successfully completing the UPSC examination
DXU>417_fUb^]U^d
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and interview — a year or more
after his boss (who may be chronologically younger). Frankly, in the
final 10 odd years of a typical civil
service career — which is the path
from senior joint secretary rank to
secretary rank and retirement —
this “batch trap” should cease to
matter. The intermediate rank of
additional secretary should be
abolished. Everybody in this common pool should have the same
baseline seniority.
Next the Government should
have the freedom to place anybody
in this pool in any position
Ministry/department, irrespective
of age or (original) batch and after
judging the person’s aptitude for and
interest in a particular job. Positions
that fall vacant in the upper echelons of the bureaucracy should be
thrown open to applicants from this
entire pool of civil servants who
have outgrown their former batch
identities. The positions should be
of a three or five year duration, so
that a 50-year-old and a 58-year-old
can both apply, without fear of the
retirement age of 60.
Selection should be overseen
by the political executive but helped
by a structure of vetting of applications and in-house job interviews. This could be run in con-
B>D=318C4
junction with the UPSC but should
ideally involve a variety of stakeholders, HR professionals and
those institutions outside the
Government concerned with the
ministry or job in question. For
example, aviation industry specialists should have a voice — but by
no means a veto — in selecting the
Civil Aviation Ministry secretary.
Ideally the interview panel should
include at least one such specialist.
What will this system do? It will
allow a capable 50 year old a role as
head of a ministry or as the top policy driver for as long as 10 years (till
retirement at 60) rather than for the
two or three years (becoming secretary at 57 or 58 and retiring at 60)
that he or she now gets.
Those who are losing out and
not getting jobs or specialisations
they want — an economic Ministry,
a trade negotiating agency, a social
sector department, the Education
Ministry or whatever — would be
free to leave the government with
a golden handshake. Otherwise,
they could be kept in service till 60
and given a default role the
Government chooses for them.
(The author is distinguished fellow, Observer Research Foundation.
He can be reached at
[email protected])
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Sir — This refers to the editorial, “Ending the historic fast”
(August 11). Manipuri activist
Irom Sharmila’s decision to end
her 16-year-old fast demanding
the repeal of the Armed Forces
(Special Powers) Acts has surprised many in her home State,
including her ardent supporters
and even her family members.
In a democracy, everyone has
the right to do what he/she wants,
but a right step taken at the right
time yields good results. Had
Sharmila not taken such a drastic
decision which downgrades military and upgrades the terrorists’
and married off at a right time, she
would have been much happier
and enjoyed her marital life than
finding no taker in such a precarious situation when she has been
left forlorn by her own admirers.
Sagar Singh
Delhi
D_eSXY^WXUQbdc
Sir — This refers to the editorial,
“Ending the historic fast” (August
11). Iron lady Irom Sharmila may
not have changed anything with her
16-year-old fast but the apparent
failure of her mission takes noth-
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AP\_da
ing away either from her struggle
or from the issue of excessive State
power that it highlighted.
Still, this indomitable young
woman’s extraordinary, even
superhuman, self-imposed suffering touched many hearts. The
Government in 2004, appointed
a commission to enquire whether
the law needed to be amended or
repealed in order to conform to
the Government’s obligations to
human rights.
The commission recommended repeal of the law (even
as it suggested that many of its
provisions be incorporated in
other laws). But successive
Governments chose to not act in
accordance even with the commission’s conservative counsel.
Hemavathi A
Secunderabad
?edcdQ^TY^W_VVYSYQ\
Sir — Outgoing Reserve Bank of
India Governor Raghuram Rajan,
whose term ends on September 4,
has said that he was open to the idea
of having a two-year second term.
He is indeed candid enough to
admit that he wanted a second term,
but on being denied one, he is set
to go back to academia when he
demits office early next month. This
is a graceful way to go.
Undoubtedly, he was an
excellent Governor who did a
good job stabilising the currency from the time he took over in
2013, when the rupee had come
under severe strain. Two aspects
of Rajan’s tenure stand out: Not
wavering from the primary duty
to bottle up the inflation genie,
and forcing banks clean up their
bleeding balance sheets wounded by chronic bad loans.
J Akshay
Bangalore
?dXUbQ\dUb^QdYfU
Sir — This refers to the editorial, “More energy to nation”
(August 12). In an over-populated country like India, there is no
isolated place to set up these
atomic reactors. The disaster in
Japan, a country known for its
efficiency and technology,
should serve as a warning of the
dangers of nuclear energy.
We are blessed with more
than ample sunlight. Why not use
that? There are no lurking dangers and it does not, rather cannot, damage the environment.
Ashok K Mehta
Via web
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t was in 2009, Brazil, one of the
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bagged the right to host the prestigious Olympic Games in this part of
the world. The then President who
was considered one of the most
powerful politicians of the country,
Luis Inacio Lula da Slva, had added
another feather to the cap of his Leftruled Rio de Janerio, the “cidade maravilhosa” (wonderful city). The city
became the first venue in South
America hosting the Olympic Games.
Lula who was at the peak of his political career, promised to the international community, “Those who give
us this chance will not regret it.” Many
political observers simply put it: the
staging of the Olympic in Rio in 2016
was meant to be the crowning
moment of evolution on Brazil’s
long route to one of the most powerful and arguably, the successful
democracies in the oft-neglected
bizarre world of Left bastions of the
southern hemisphere.
Why the ‘Rio 2016’ will pass on
as a dark saga in the history of
the Olympic Games?
First of all, political weather
which should have rightly supported the Games is seriously moving
towards an explosion for sure.
Beyond the games, what brings
home and to the international community is the simmering political crisis in Brazil. This Wednesday, the
country’s Senate voted to hold an
impeachment trial, which could
have eventually seen the embattled
President Dilma Rousseff out of
office. If the political trend is correct,
then she will definitely be out of
office permanently. The vote in
favour of Rousseff ’s impeachment
was 59; and 21 in against. The
Senate suspended Rousseff, the first
female President of Brazil, on May
12 over the accusations of illegal
accounting practices and fiddling the
entire budget to hide a sliding economy. Now, it is expected that just
after four days of the end of the mega
Olympic Games, around August 25,
Rousseff’s impeachment trial is all set
to begin.
Second, it seems the very
impeachment process was initiated
both by the opponents of Rousseff
and the crooks of the country. The
conservative political class of the
country who are long waiting for
overthrowing the Left front
Government from power is taking
full advantage of the economic crisis. They are also quietly building on
the rising resentment of the middle
classes towards the Rousseff
Government. Undeniably, her massive financial irregularities and an
overt attempt to shield her mentor
Lula may certainly help the country’s
elite put forward their self-perpetuating agenda in the days to come. It
is not just possible to rule the country without the blessings of the elite.
Even her election was an unacceptable fact and accident for this class
which is slowly feeling that they are
losing the grip on power. Henceforth,
her current suspension, propelled by
business federations and a legislature
that resembled almost a circus,
reflects that the Brazilian elite is fully
prepared to sacrifice the political and
institutional achievements brought
by two decades of democratic rule for
grabbing the State.
Third, campaigns echoed earlier, just months before starting the
carnival, the mood of the people,
who were demanding ‘fora Dilma’
(Dilma out’) and today, the same
Brazilians shout in much stronger
voice ‘fora Temer’, for an ouster of the
current interim leader and deeply
unpopular Vice-President Michel
Temer.. What does this mean? The
commoners across Brazil and particularly in Rio are not in a mood to
celebrate the arrival of the historic
Games to their city. They are too
detested with their political class.
Fourth, above all Rio 2016 is too
different from London and Beijing.
London had the advantage of everything — the wealth of a first world
nation. The great heritage architecture of an imperial power and the
support from all their Western
brethren. When it comes to Beijing,
it enjoys the rare advantage of political stability, which very few big powers enjoy. The famous British sports
historian, David Goldblatt, ranks
the preparation for Rio 2016 as the
‘worst in Olympic history’. Thus Rio
neither enjoys the advantage of one
party rule of China nor the pomp and
glory of the former imperial power
of Britain. Hence Rio 2016 may be
rated by many as not more than a typical South American fiesta.
Fifth, recently the International
Monetary Fund has given a little
respite to Brazil by indicating that
there may be a slight improvement
in the economic fortunes of the
country by 2017. It all can happen
through a relative improvement of
the country’s economic indicators
like that of the currency and the
stock market. But global experts say
it will be hard to realise this optimism against the backdrop of the
growing unrest among the middle
class, civil society organisations,
trade unions and massive forces
that represent the Brazil’s poor population.
Sixth, it can be safely said that the
ugly heads of this crisis are not going
to be seen soon at least inside the Rio
Olympic stadiums as they are full of
people coming from the rich sections
of society. But it is hoped that the
Brazilian police and security personnels will not deter the ordinary
citizens to showcase their peaceful
protests just outside the grandiose
stadiums and playgrounds made for
Olympic participants.
Seventh, Brazil has seen its per
capita income fall by 35 per cent over
the past five years. This has forced
the Brazilian State to struggle for
aligning the priorities of the federal, state and the city administrations
of Rio. Even within half a year, the
country has seen three successive
Sports Ministers.
Eighth, the Rio city administration has not been able to offer regular salaries to its police and security forces in the past. But recently
there has been an infusion of cash
from the federal coffers to ensure the
security of the Olympic Games. At
least this immediate step from the
federal policy makers has stopped the
country’s police from going to strike.
As their salaries were delayed by the
bankrupt State Government of Rio,
the police have greeted the visitors
in the international airport with banners saying ‘welcome to hell’. This is
shocking and unbelievable.
Ninth, Rio has been a seat of
banking and bureaucracy which the
State has failed to replaced so far. But
in 2007, the discovery of huge
underwater oil deposits had brought
a glimmer of hope to the unemployed youth of the State.
Unfortunately, the global slowdown
in oil prices and a devastating scam
of the national oil company, the
Ptrobras, have once again put back
the Rio State into the crisis. Always
blessed with natural resources and
beauty of the glam beaches, the State
has never tried to generate any
alternative sources of livelihood.
Thus many observers on Brazilian
society say, Cariocas (as the people
of Rio are known) do not plant, they
just pluck all the time. This is one
of the reasons why the Rio State is
not been able to provide a stable
financial back to the glorious game.
Finally, especially Brazil and the
entire South America is known as a
paradise for football and its greatest
ever legends. So people are not
much enthusiastic about the Olympic
Games. Thus almost a fifth of tick-
ets are still not sold out. Many
sports analysts say this tepid interest in Olympic may be because of the
Brazilians obsession with the game
of football.
Barring all the naysayers, Carlos
Nuzman, the President of the
Organising Committee of Rio 2016,
says, “We strongly believe that the
Games can be the antidote to the
doom and gloom. The Games can lift
the national mood, unite the population behind the outstanding
exploits of the athletes and show the
very best of Brazil.” Hope this comes
true. Brazil continues its long journey to democracy. Its people are
dying to see the wonderful city in
reality. But when? Or is Brazil slowly plunging into a deep political crisis? Is it again sliding back to the
hands of the elite of the country? Of
course, successful Games, minus
the political and economic turmoil,
could have lifted the downbeat
mood currently prevailed across
Brazil. Anyway, the Olympic Games
can be a seasonal event that comes
once in a blue moon less for economic empowerment than for showcasing a country’s prestige to the
international community. So, this can
never be an economic dynamo to lift
Rio from its economic mess. The
entire nation is in need of better fiscal management, crime fighting and
a sense of not looting the public coffer for sure. First and foremost, veterans Lula and Rousseff must fall in
line. They must be treated as per the
law of the land for mismanaging the
massive public fund of the country.
And the rest of the looters, too be
brought to the book. In the meantime, the Brazilians must ensure that
the country’s power hungry elite does
not take over the State. Democracy
must survive for the betterment of all
Brazilians. With the farewell to the
Olympic fanfare, the Brazilians will
be caught with the hard realities of
their life. Then the real carnival will
begin.
(The writer is Senior Editor, The
Pioneer)
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Dear Marie Diron
Senior VP, Sovereign Risk
Group, Moody’s Investors Service
I have followed your work at
Moody’s closely and, needless to add,
have been thoroughly impressed
with the sheer detailing that goes into
every pronouncement that you
make, among other things. This letter from my end is to share with you
my concerns on why Moody’s has a
Baa3 Sovereign rating for India.
Surely, it is time to upgrade India’s
Sovereign rating from Baa3 to at least
A3, if not more, the same that China
enjoys. The reasons for this overdue
upgrade are many but the more specific ones to start with, to which I
wish to draw your kind attention, are
the following:
India’s huge future GDP
growth trajectory
In the last two fiscal years, India
has clocked a real GDP growth of 7.2
per cent and 7.6 per cent, notwithstanding two failed monsoons with
agricultural growth grinding to a
negative 0.2 per cent in 2014-15 and
just 1.1 per cent in 2015-16. With
normal monsoons this year, foodgrain production which has been
stagnant at about 252 million tonnes
in the last two years, is slated to come
in at 272 million tonnes in 2016-17,
as per initial estimates, which would
be an all-time record in India’s postIndependent history, higher than the
previous high of 265 million tonnes.
Also, now that GST will become a
pleasant reality in 2017, thanks to the
dogged perseverance of Arun Jaitley,
India’s dynamic Finance Minister, it
should add 1 to 2 per cent to India’s
GDP in the medium term. The
stage is set to aspire for and achieve
a sustainable GDP growth of 8 to 10
per cent and more in the decade
ahead. A high rate of economic
growth increases a country’s ability
to service its debt burden, over a
period of time, thereby improving its
solvency. China and India are the
2nd and 9th largest countries of the
world, in terms of nominal GDP. On
PPP basis, China was at 1st and India
at 3rd place in 2014. Both countries
together share 16.08 per cent and
23.16 per cent of total global wealth
in nominal and PPP terms, respectively. However, the moot point to be
noted is, China’s best is behind it
while India’s best is yet to come!
Between 1980 and 2013, average real
GDP growth in China was 9.8 per
cent and India’s 6.23 per cent. That
is set to reverse dramatically, starting now. In the next 10 years, the
Chinese juggernaut is slated to crawl
at between 6 and 7 per cent, maybe
far lower, in real terms, as noted by
prominent economist, Cai Fang.
Last year China’s real GDP grew at
6.9 per cent, the slowest ever in 25
years, while in nominal terms, the
growth was even lower, at just 6.2 per
cent. India’s nominal GDP growth,
on the other hand, should be in the
region of 11-14 per cent in 2016-17.
China has the fastest growing
old-age population globally, says the
World Bank. That indeed is its
“Achilles heel”, by far. Last year, the
Chinese labour force shrank by 4.87
million people. It is said, by 2050,
more than 40 per cent of China will
be more than 60 years old and the
number of “Old Chinese” will be larger than the combined populations of
Germany, Japan, France and Britain!
With an average life expectancy of 76
years, the demographic upheaval is
sure to result in both socio-political
and economic unrest in the land of
the Dragon. What is not helping matters is the fact that more than 85 per
cent of China’s exports are produced
by coastal China but surprisingly,
coastal China is among its poorest
regions, with most of the wealth being
concentrated in the inland provinces.
In sharp contrast, more than 65 per
cent of India is 35 years old or lower
and more than 50 per cent of India
is 25 years old or lower. Again,
where India scores over China is
employment. China’s unemployment
rate is 4.1 and India’s 4.2 per cent.
However, the Chinese figure of 4.1
per cent that hides more than it
reveals, computed by its National
Bureau of Statistics, has been trashed
by its Urban Health Survey that pegs
the unemployment rate at more than
10 per cent! Likes of Fathom
Consulting in fact, say, China’s unemployment rate is a whopping 12.9 per
cent!
Fiscal Balance
India’s fiscal deficit stood at 4.5
per cent and 4 per cent in 2013-14
and 2014-15. However, in 2015-16,
the fiscal deficit was reined in at 3.9
per cent of GDP; for the first time at
sub 4 per cent in seven years. What
is even more commendable is the fact
that the fiscal gap was reduced without curtailing plan expenditure. In
2016-17, fiscal deficit target has
been retained at 3.5 per cent and
again this, despite increasing plan
expenditure allocation by 15.3 per
cent. The additional fiscal space to
the Modi Government comes from
the slew of subsidy reforms that have
been undertaken. Subsidies have
reduced from 2.1 per cent of the
GDP in 2014-15 to 1.9 per cent in
2015-16, with that number slated to
go down to just 1.7 per cent in 201617, thanks to Direct Benefit Transfer,
which has already transferred sub-
sidies worth more than C62,000
crore to the accounts of more than
2 lakh beneficiaries. The fact that revenue deficit in 2015-16 stood at just
2.5 per cent versus Government’s target of 2.8 per cent of the GDP is again
a reflection of the vast improvement
in quality of public spending, which
deserves kudos. In 2016-17, the
Government has earmarked about
C48,000 crore for agriculture and
irrigation and a sizeable C2.21 lakh
crore for rail and roads, of which
C97,000 crore will be spent on roads
alone. These numbers prove beyond
doubt the Modi-led Government’s
intent to ensure growth remains the
foremost agenda, without compromising on fiscal prudence.
Coming back to China, its
national fiscal expenditure growth
rose significantly by 15.8 per cent in
2015 from 8.3 per cent in 2014, while
national fiscal revenue growth
slowed to 8.4 per cent from 8.6 per
cent, resulting in a headline fiscal
deficit of 3.5 per cent of the GDP.
That’s up from 2.1 per cent deficit in
2014. This, despite Governmentfunded infrastructure investment
declining to 17 per cent in 2015 from
19.9 per cent in 2014. Interestingly,
the IMF recently estimated that the
real fiscal deficit in China averaged
around 10 per cent of the GDP, due
to leveraged SOEs (State-owned
enterprises). This fiscal deficit suggests the Chinese Government is not
shy about launching a mindless
“pump-priming” exercise to offset
slowing growth from structural
headwinds, adding to the problems.
Inflation
Average Wholesale Price
Inflation (WPI) that was 7.4 per cent
in 2012-13 in India, averaged just 2
per cent in 2014-15. After being in
a negative zone since November
2014, WPI came in at a positive 1.62
per cent in June 2016, signifying
pick-up in demand and purchasing
power and more importantly, return
of pricing power in the hands of
manufacturers. However, it is not
WPI but Consumer Price Inflation
(CPI) or retail inflation that is the key
variable to watch out for, argue
Modi’s critics. Well, average CPI that
was 10.2 per cent in 2012-13, hit a
high of 11.16 per cent in November
2013 under a corrupt Congress-led
UPA, before falling to an average of
just 5.9 per cent in 2014-15, with a
new low of 3.69 per cent in July 2015,
under the Modi-led Government.
Every 5 per cent rise in pulses inflation adds 12bps to CPI and the
recent surge in CPI at 5.76 per cent
and 5.77 per cent in May and June
2016 is primarily due to pulses
inflation that has been hovering at
close to 30 per cent. However, a 40
per cent rise in area sown under pulses this year should sharply bring
down pulses inflation, which should
in turn help the Government stick to
its retail inflation target of 5 per cent
by March 2017. In fact, formal inflation targetting of 4 per cent by 2021,
with a 2 per cent margin on either
side, is a radically bold step by the
BJP-led NDA Government in ensuring a lower inflationary path going
forward, that augurs well for India,
as it is credit positive. And yes, for
those who say inflation under Modi
Government is down only thanks to
lower crude oil prices globally, let me
point out, “fuel and power” as a category only has a 14.91 per cent
weightage in WPI. In CPI, “fuel and
light”, has a weightage that is even
lower, at just 6.84 per cent! The truth
of the matter is inflation is down in
the last two years primarily due to the
Government’s efforts in removing
various supply bottlenecks, including carrying out APMC reforms.
Speaking of China, CPI between
July 2015 and July 2016 averaged at
2 per cent, versus Government’s
target of 3 per cent and that is not
good news as it hides disinflationary
trends. Also, PPI, Producer Price
Index, for instance, has been contracting since March 2012 and in July
2016, it fell by 1.7 per cent; this, after
a 2.6 per cent fall in June 2016. Excess
of anything is bad. Hyper-inflation
is a tax on the poor. Equally, a deflationary spiral that China is currently experiencing in terms of producer prices could be even worse as businesses are being forced to absorb
costs and compromise profit, just to
get their products moving. China is
facing a double whammy, with parts
of the economy facing disinflation
and other parts, deflation. That can
be a devastating mix, if not nipped
in the bud. Simply printing more
money that PBOC is notoriously
infamous for may make matters
worse by raising inflation without
raising growth. China clearly has
more problems in its hands, stuck
between a rock and a hard place!
External balance
India’s rapid progress on the
external front is best captured by the
CAD (Current Account Deficit)
data. CAD which was 4.8 per cent of
the GDP in 2012-13 under an inept
Congress-led UPA was down to 1.3
per cent in 2014-15 and even lower
at just 1.1 per cent in 2015-16.
While CAD is likely to inch up to 1.6
per cent of the GDP in 2016-17, on
the back of higher domestic demand
fuelled by a good monsoon, Seventh
Pay Commission recommendations
and higher capex spending by the
Government, among other things,
what is clear is, CAD will be reined
in at sub 2 per cent of GDP in the
medium term, driven by a healthy
Balance of payments on the back of
a lower trade deficit. For instance,
trade deficit that was $145bn in
2014-15 fell to $130bn in 2015-16.
While a lower trade deficit is partly
due to a fall in imports, thanks to
weakness in global trade, one cannot
underestimate the fact that India’s
trade deficit has come down sharply,
among other things, due to a sharp
fall in frivolous gold imports and that
is laudable. Besides CAD, India
scores very well on another vital
parameter... External debt is just 23.6
per cent of the GDP. More importantly, short-term debt as a portion
of overall external debt is just 17 per
cent, well below the 24 per cent in
2013. Short-term debt as a portion
of forex reserves too is down from
33 per cent in 2013 to just 24.8 per
cent now. Meanwhile, India’s total
debt to the GDP ratio remains at a
very reasonable 67 per cent, giving
it the much-needed cushion for
policy manoeuvres, if need arises.
In sharp contrast, China is sitting
on a ticking time bomb with total
debt to the GDP ratio having snowballed from 160 per cent in 2007 to
282 per cent in 2014-15. In the said
period, China has added more than
21 trillion dollars to its burgeoning
debt pile. If it continues to add debt
at the same rate, by 2018, China’s
total debt to the GDP ratio could be
a dangerous 400 per cent! To compound matters, more than 70 per
cent of China’s external debt is
short-term in nature. Also, with
more than 50 per cent of China’s
external debt being Renmimbi, RMB
denominated, any depreciation
against the dollar could be fatal, leading to massive capital flight, as was
witnessed in August 2015. Spread
between onshore and offshore RMB
widened to 1,100 bps in January 2016
and that is a story in itself, suggesting that huge capital outflows at
quick intervals, will be the norm
rather than the exception for China,
going forward. Unfortunately, China
is running out of choices. Sudden
and sharp exchange rate depreciation
will lead to capital flight, while
exchange rate depreciation may
actually, just be the tonic that its
exporters crave for at this stage, what
with exports falling by 7 per cent in
dollar terms both in 2015 and in the
first five months of 2016. What a
mighty fall for a country which had
an average export growth in excess
of 25 per cent, prior to the Lehman
crisis of 2008!
I know Moody’s recently raised
India’s outlook from “stable” to “positive” and downgraded China’s outlook from “stable” to “negative”. Ms
Diron, as a corollary to that, I would
sincerely urge you and your team at
Moody’s to upgrade India’s Sovereign
rating too, from Baa3 to A3, more so,
given the policy push and reforms
that have been unleashed on a war
footing by India’s visionary Prime
Minister Modi, in the last two years.
Be it the Aadhar Bill aimed at financial inclusion, the Bankruptcy code
Bill that will purge banks of bad loans
by fixing culpability and accountability, or the GST Bill that will eradicate supply-chain inefficiencies,
India has come a long way from that
scary moment in 1990-91, when saddled with forex reserves of just 1.2
billion dollars, it had to pledge 67
metric tonnes of gold with the IMF,
to raise a mere 600 million dollars.
Today, with forex reserves of about
365 billion dollars and more than
20,000 tonnes of idle gold that is
greater than the combined gold
reserves of the IMF, Germany, the
USA and Switzerland, India stands
for solvency, credibility, stability and
much more.
(The writer is an economist,
Stock market expert & spokesperson
for the Mumbai BJP. Views are
personal. Verma can be reached on
[email protected])
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Lucknow: UP Mahila Congress would soon launch a massive
signature campaign to press for the implementation of ‘anti-liquor’
policy in the State. Mahila Congress workers said that they will
try to get the said policy included in the party manifesto for the
coming Assembly elections.
PNS
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n a double whammy for
Icommuters,
Mumbai suburban railway
the Central
Railway on Friday morning
cancelled as many as 46 train
services — either fully or partially, after a delay in the operation of services triggered a
spontaneous “rail roko” by
commuters at Badlapur, while
the services on the Western
Railway remained disrupted
for more than an hour later in
the evening owing to a power
failure.
The day began with hundreds of irate commuters
squatting on the tracks and
staging a “rail roko” at
Badlapur on the Central
Railway at 5.25 am. The commuters blocked movement of
trains, after a Karjat-CST local
arrived at Badlapur station 20
minutes behind owing to a
technical snag at Level
Crossing Gate no.26 between
Karjat and Bhivpuri Road stations.
The suburban train services between Ambernath and
Karjat were disrupted for more
than five hours.
Things came to such a
pass at one stage that Railway
Minister Suresh Prabhu took
to twitter and sought to calm
down the angry commuters.
He directed the CR officers,
including CR General
Manager and Divisional
Railway Manager, to listen to
the agitating commuters’
demands.
“GM, DRM, officers
directed early morning to help
passengers in #Badlapur, sort
out their problems. Requesting
all not to agitate, all steps
taken,” Prabhu tweeted.
The services were finally
restored at 10.55 hrs.
Following the agitation, the
CR authorities cancelled 34
services fully and 12 services
partially.
The protests by the commuters not only affected the
services on the stretch between
Ambernath and Karjat, but
also had a cascading effect on
the arrivals and departure
schedule of long-distances at
the Chhatrapati Shivaji
Terminus (CST), Lokmanya
Tilak Terminus (LTT) and
Dadar terminus. Badlapur is
located 60 km from Mumbai-
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close to two week but
Raj Bhavan has not reactIedttheistonow
the controversial Bihar
Prohibition and Excise Bill,
2016. After its passage from the
bicameral legislature on August
1, the Bill had been sent to the
Governor for his assent in
order to convert it into an Act.
Governor Ramnath Kovind is
taking time to study and seek
legal and constitutional opinion
on various provisions of the Bill.
If sources are to be
believed, the Governor is contemplating to refer the Bill to
the President for his consideration. Under the Constitution
the Governor can “reserve a Bill
for the assent of the President.”
In all 13 Bills had been forwarded to the Governor of which
he has signed only a couple, both
Money Bills. The delay in giving
his assent to the Prohibition Bill
has raised suspicion that Raj
Bhavan was not pleased with certain provisions in the Bill which
have elicited all-round criticism.
The Governor has already
been urged by the BJP lawmakers not to give his assent to
the “draconian” and “Talibani”
Bill for some of its scary provisions. They requested that the
Governor should prevail upon
the Government to make necessary amendments. Outspoken
RJD leader Raghubansh Prasad
Singh also urged the Governor
not to give his nod on this controversial Bill.
Kovind, himself a lawyer
with four decades of career
practising in Delhi High Court
and Supreme Court, seems not
in haste. There are indications
that he might refer the Bill to
the Rashtrapati Bhavan for the
consideration of the President.
Former Advocate General P K
Shahi told The Pioneer that
Governor has constitutional
option to send any Bill to the
President. But in practice such
Bills are referred to the
Government of India through
the Ministry of Home Affairs.
CST. Following th agitation,
the services on the KalyanCST ser vices were also
affected.
Following the disruption
in ser vices, the Central
Railway operated 30 special
trains between Ambernath
and CST, Kalyan, Vangani and
Karjat, Karjat and Khopoli to
clear the stranded crowds of
passengers.
In an effort to ensure
against the agitation taking a
violent turn, the Thane Police,
GRP and RPF personnel
rushed to Badlapur to pacify
the commuters who were getting increasingly restive with
every passing hour.
Following the agitation,
the Central Railway authorities
held up and regulated at least
four long-distance CST-bound
trains, while they diverted
two other trains Karjat-PanvelDiva stations. The authorities
regulated en route 18520 LTTVisakhapatnam Express and
11007 CST-Pune Deccan
Express and re-scheduled
11301 CST-KSR Bengaluru
Udyan Express, which
leaves Mumbai at 08.05 hrs, to
14.20 hrs.
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I
n an effort to clean choking
lakes in IT city Bengaluru
hundreds of students of a school
have approached Prime Minister
Narendra Modi in a novel way
by writing their grievances in
postcards. The students of KK
High School located on the borders of highly-polluted Varthur
Lake have sought the intervention of Prime Minister to save
them from the polluted lake
where their school is located.
The first instalment of the
letter posted on Monday seeks
the intervention of PM to help
save the lake. It said “Dear
Modi Uncle, clean air, clear
water and clean environment is
our right. Protect our lakes and
rivers from encroachment and
pollution. We need our Varthur
and Bangalore for our future.
We need your intervention in
protecting them.”
Varthur lake one of the
very big lakes in Bengaluru
which is part of natural interlinkage of lakes has been a victim of man made catastrophe.
Heavy rains in the past month
have led to the froth — a result
of industrial and domestic effluents being dumped in the lake
— increase in proportion. The
school had tied up with Indian
Institute of Science researcher
professor TV Ramachandra to
monitor the water quality in the
445-acre lake since 1998. It has
first-hand experience of the
deteriorating ecology of the
water body. The students who
live in and around areas have
become mute witness to the
growing urbanisation and large
scale encroachment.
The froth, analysis showed,
contained detergent, urine and
faecal matter — the result,
experts said, of untreated
sewage being dumped into the
lakes. Even though so many
approaches and media glare did
not made any impact on the
BBMP, the Bengaluru corporation which till date have not
done anything to address the
issue. The choking lake have
become unbearable and people
are facing many health issues.
The letters addressed by
students of this school is also
part of their intention to ask PM
to address the issue of choking
lakes across the country in his
Independence Day address from
the Red Fort. The PM had
sought issues from the people for
his independence day address.
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I
n a determined bid to deny the
BJP the opportunity to cash in
on the current crisis in the
Congress-led Opposition UDF,
the Kerala CPI(M) has started
openly wooing the Kerala
Congress (M), a major regional
party that had ended its threedecade-long relationship with
the UDF last Sunday, as speculations are rife over whether the
KC(M) will stay as an independent party, return to the UDF or
join hands with the CPI(M)-led
ruling LDF or BJP-headed NDA.
The CPI(M) has also clearly but indirectly indicated that
cooperation is possible between
the Left and major UDF partner Muslim League, which has
so far been viewed by Marxists
as a party that survives on communal politics. “There is no
justification for keeping anybody away (from the Left) by
alleging communalism,” an
editorial in CPI(M) organ
Deshabhimani daily said.
The editorial in the CPI(M)
mouthpiece extended an open
invitation to the KC(M), led by
its chairman KM Mani who had
resigned in November last as
Finance Minister in the previous UDF Government over the
charge that he had taken C1
crore as bribe from the State’s
bar owners, just when the
Congress was on a desperate bid
to bring it back into the UDF
and the BJP reportedly was
trying to rope it into the NDA.
“There are areas where
(the Left) can cooperate with
the KC(M) and other parties
(like Muslim League) that are
presently in the UDF as part of
building a broad unity on
issues concerning people,” says
the editorial titled, ‘UDF’s Fall
and Future Kerala’. The CPI(M)
move is expected to cause dis-
comfort in the LDF as the CPI
is against the idea of having
alliance with Mani.
CPI’s State secretar y
Kanam Rajendran has said
that his party is not prepared to
“beatify” Mani, who has been
accused of taking bribe from
bar owners. However, the
Deshabhimani editorial is in
tune with State CPI(M) secretary Kodiyeri Balakrishnan’s
theory that the BJP should not
be allowed to cash in on the
current crisis in the UDF.
Sources in the Kerala BJP,
however, say that there will be
no initiative from their side to
rope in the KC(M) to the
NDA. A section in the BJP is
said to be of the view that it
would be counterproductive if
they join hands with the party
of Mani, against whom it had
launched political and legal
battles over the bar bribery
scandal.
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he two-day Gujarat
Assembly Monsoon Session
T
is beginning on August 22 in
which new Speaker and Deputy
Speaker are expected to be
appointed by the MLAs.
For the new State
Government headed by Chief
Minister Vijay Rupani, it would
be the first Assembly Session.
Appointment of the Speaker
and its deputy would be the
main agenda of the Session as
Speaker Ganapat Vasava and his
deputy Atmaram Parmar
already resigned from their
posts. Both Vasava and
Parmar are now part of
the Rupani Government. Senior BJP MLA
and former Minister
Parbatbhai Patel has
been temporarily given
responsibility of the
post of Speaker.
Other key issue on
the agenda would be to
clear the Goods and
Services Tax (GST),
which was recently
passed
by
the
Parliament and needs
to be passed by at least
15 of the 29 States
before April 1. The
Narendra
Modi
Gover-nment at the
Centre has said that it
expected at least 16
States to clear the GST
Bill in the coming 30
days.
With BJP national
president Amit Shah's
visit to Ahmedabad
for Raksha Bandhan
(August 18) Shah, he too is
expected to attend the Monsoon
session for at least a day as an
MLA.
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<0H017DB70=Q ?0=098
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0=D?B70A<0Q 6DF070C8
ith the Assam Legislative
Assembly unanimously
W
resolving to ratify the
Constitution Amendment Bill
on Goods and Services Tax on
Friday, the northeastern State
became the first one in the
country to do so.
The Assam Cabinet had
already approved the Bill in the
morning on Friday before it
was placed in the ongoing session of the House.
“I declare the Bill, which
was passed by both the Houses
of Parliament, to be ratified
unanimously by the Assam
Legislative Assembly,” Speaker
of the Assam Legislative
Assembly,
Ranjit
Das
announced in the House on
Thursday.
The Opposition including
the Congress and the All India
United Democratic Front
(AIUDF) had earlier demanded a discussion in the floor of
the House to evaluate the
impact of the Bill in the State
and on its people. The Speaker,
however, turned down their
request. The Opposition members also later supported the Bill.
Assam Chief Minister
termed the ratification of the
Bill as a historic one and said,
“I am sure Assam will benefit
from the GST through higher
economic growth and better
revenue collection". He later
told newsmen that Prime
Minister Narendra Modi in a
telephonic conversation congratulated him for ratification
of the Bill by Assam Legislative
Assembly.
“This is a historic occasion
for us to become the first State
to pass this Bill. I would like to
thank the Speaker for allowing
us to introduce it today after we
informed him just last night,”
said State Finance Minister
Himanta Biswa Sarma, who
introduced the Bill on behalf of
the Chief Minister. Sarma later
distributed sweets in the House.
He said that the Assam wanted Assam to become the first
State to pass the amendment
Bill as this would send a positive signal to the industry.
He explained the Central
GST portion, 42 per cent tax
will be given back to the State.
“The GST will also have a special concession option for N-E
and Himalayan States if they
request reduction of taxes for
any reason. Besides, these States
can collect special tax during
any natural calamity or disaster subject to approval by GST
Council,” he added.
“We can also collect special
tax during natural calamities
like flood if we feel the need to
generate more revenue,” Sarma
explained.
hinese Foreign Minister
Wang Yi on Friday asked
India to decide on its position
on the vexed South China Sea
(SCS) issue, which has triggered escalated tension in
that region.
Speaking to reporters on
the sidelines of his visit to the
coastal State, to review the
security arrangements ahead of
Chinese President Xi Jinping's
visit to Goa for the BRICS
summit in October this year,
Wang said, "It is up to India to
decide what position to take".
Wang said this in reply to
a question whether the Chinese
Government was keen on seeking India's support in the ongoing maritime dispute.
Wang, who is on a threeday tour to India, arrived in
Goa to held a hour-long meeting with Goa Chief Minister
Laxmikant Parsekar and other
top officials of the State over the
BRICS summit.
The statement came soon
after a State-run Chinese daily
warned that India's focus on
the SCS will harm its ties with
China and create obstacles for
Indian businessmen.
"WdacX]P]^cWTac^dVW5aXSPhX]9:
:7DAB7443F0=8Q BA8=060A
A
mid a Valley-wide curfew
and restrictions on public
movement, thousands of people
on Friday staged demonstrations across Kashmir even as
clashes between security forces
and the protesters left scores of
people injured on the 35th day
of unrest that began after the
killing of Hizbul Mujahideen
commander Burhan Wani during an encounter in south
Kashmir on July 8.
The protests spilled over to
Jammu and at least ten people,
including an SHO were injured
in Jammu’s Doda, after clashes erupted between protesters
and security forces after the
Friday prayers.
Protests were reported
from Bhaderwah area of Doda
district.
A police spokesman said
that more than three dozen
incidents of stone pelting were
reported from different districts of the Valley including
Anantnag, Pulwama, Kulgam,
Shopian, Baramulla, Sopore,
Kupwara and Bandipora.
“After Friday prayers miscreants assembled at various
places and tried to disrupt the
vehicular movement. At most
of the places the miscreants
started pelting stones on moving vehicles, police and security
force deployments. Many
police/security force men have
been reported injured during
these clashes,” the spokesman
said.
Six Awami Ittehad Party
(AIP) activists were reported
injured during clashes with
security forces after authorities
disallowed 72 hour sit-in pro-
gramme of Independent
Legislator and AIP president Er
Rasheed, at Press Enclave
Srinagar area.
In the Valley, this was the
fifth Friday in a row when the
authorities faced a tough challenge to prevent escalation in
the situation. Thousands of
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people took to the streets after
the culmination of Friday’s
mid-day prayers to stage antiIndia and pro-freedom protests
in response to the protest call
given by separatist groups.
The protests took place
despite a police advisory asking
parents to counsel their chil-
hile agreeing that restoration of normalcy should
W
be the first priority in Jammu
& Kashmir, the Opposition
parties including the Congress
on Friday said that the
Government has yet not
accepted that it would talk to
"all stakeholders" in the State.
The Government, after the
all-party meet, did not spell out
whether separatists would be
included in the ambit of the talks.
Sharing his party's opinion
during the all-party meeting on
the Kashmir crisis, former
Prime Minister Manmohan
Singh said the "Centre must
show it is a caring
Government." Leader of
Oppostion in Rajya Sabha
Ghulam Nabi Azad said "We
will be satisfied only when the
ground situation improves and
the Government takes steps".
Congress pitched for talks
with mainstream and nonmainstream parties and "other
stakeholders" to defuse the
"extremely tense and tragic" sit-
uation. Singh said the most
important thing with regard to
J&K is to defuse the present situation. Initiating the discussion, Manmohan Singh asserted that in the 10 years of the
UPA Government, all efforts
were made to solve such issues
and
the
incumbent
Government should design a
roadmap for defusing the prevailing situation of the Valley.
Talking about the all party
meet, Azad said that the
Opposition has a problem with
the Centre on many aspects,
however, their priority is to get
normalcy back in the Valley.
"We spoke to all the various
political groups, common people, intellectuals, security personnel and police today. The
youth present in the Valley is
getting most-effected by the
situation. "In order to resolve the
situation of Kashmir, the
Government has our full support," added Azad.
Azad, who was Chief
Minister of J&K, emphasised
that there can be no talks with
Pakistan at the "moment" when
it is "waging a war of words".
6dY8?B^UUXRTafXcWSaPfb
R^\_[PX]c^eTa6^ecU[Pc
Gandhinagar: The Gujarat
cadre IPS officer Sastish Verma
on Friday withdrew his application which he filed before the
Gujarat High Court challenging a notice asking him to
vacate the State Government
flat he occupies in Ahmedabad.
Verma had approached HC
on Thursday against State
Government notice asking him
to vacate his Ahmedabad-based
Government house, as he has
already been allotted an official
residence at his current place of
work in Shillong. “We on our
own approached the High
Court today and said that we
would approach the appropriate forum, which is Central
Administrative Tribunal (CAT),
and seek appropriate remedy.
The court acceded to our
request,” IH Syed, advocate for
Satish Verma told The Pioneer.
Verma had been the lead
investigating officer in the
Ishrat Jahan encounter case
which saw seven senior policemen from the State, including
in-charge DGP PP Pandey, IPS
officer (retired) DG Vanzara,
GL Singhal and four others
chargesheeted.
PNS
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Wang also visited several top
resorts in the State, where
some of the BRICS meetings
are scheduled to be held and
the Chinese delegation is
expected to be hosted.
Later, Parsekar said that
Wang had evinced interest in
the two upcoming flagship
projects undertaken by the
Bharatiya Janata Party-led
coalition Government in the
State, namely the Electronic
City at Tuem, 30 kms from
Panaji and the IT city at
Chimbel Village, located near
the State Capital.
"He has shown interest in
Goa's Electronic City and IT
park and said that after the
2WX]Pb5^aTXV]<X]XbcTaFP]VHXXbfT[R^\TSQh6^P2WXTU<X]XbcTa;Pg\XZP]c
BRICS summit there would
?PabTZPaU^aP\TTcX]VX]?P]PYXX]6^P^]5aXSPhHX^]5aXSPhPaaXeTSX]6^Pc^
interest in bringing investment
SXbRdbbPQ^dc_aT_PaPcX^]bU^acWT1A82Bbd\\XcbRWTSd[TSU^a>Rc^QTa
?C8 here and we have welcomed it.
Especially there is scope for
rich resources and hardwork- his day-long visit to the State. investment in Electronic City,
"I have come here because because we are in a budding
ing people and is one of the
most developed States in India the BRICS summit will be held stage," Parsekar told The
as the Chief Minister just said, in Goa hosted by Prime Pioneer.
"The Central Government
Goa is small, but beautiful. I Minister Modi. He has invited
believe that this State is an epit- Chinese President Xi Jinping to has given Goa the opportuniome of the future and bright come and attend the BRICS ty to host the BRICS summit in
prospect of India and I am sure summit and now that I am pay- 2016. It shows the significance
that the BRICS summit will put ing a visit to India I have come which has been given to Goa by
the State of Goa at an even big- to Goa to take a look at the the Prime Minister. Goa and
ger stage," Wang told reporters venues," Wang told reporters. China share historic ties,"
After meeting Parsekar, Parsekar added.
at the State Secretariat during
:A8B7=0?DB7:0A0;DBC0ACB8=C4;D6DBC0C4B
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dren against indulging in stonepelting and a request to Imams
to desist from delivering
“inflammatory speeches”.
Sources said over 130 protesters were injured during
clashes with security forces.
Curfew and strict restrictions
remained in force in Srinagar.
4V_ecV^fdedY`hZe
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=4F34;78
"India may want to avoid
unnecessary entanglement with
China over the SCS debate during Wang's visit if the country
wishes to create a good atmosphere for economic cooperation,
which would include reducing
tariffs on Made-in-India products exported to China amid the
ongoing free trade talk known
as the Regional Comprehensive
Economic Partnership," the
Global Times said in its editorial on Tuesday.
Wang will meet Prime
Minister Narendra Modi on
Saturday, where he would try to
make efforts to ensure that
Modi does not join other countries in raising the controversial issue of SCS during the G20
summit. Wang is also scheduled to meet Indian External
Affairs Minister Sushma Swaraj
in New Delhi on Saturday
Wang also gave a cheerful
thumbs up to Goa, the venue
for the upcoming BRICS summit, even as he expressed positive interest in upcoming technology-related projects in the
state and said that the developed coastal State was the face
of the future of India.
"Goa has a time honouredhistory, beautiful landscape
n air of festivity and gaiety enveloped both the
Telugu States as Krishna Pushkaralu began on
A
Friday with hundreds of thousands of pilgrims gath-
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ering on the banks of river Krishna for a holy dip.
The once in 12 years event is celebrated coinciding with a particular celestial formation when Jupiter
enters into constellation Virgo. Hindus believe that a
holy dip in Krishna during this auspicious period
cleanses all their sins and evils. Though this formation will continue for one year but only the first 12
days are deemed to be more auspicious during which
the festival is held.
In Andhra Pradesh the major congregation of the
pilgrims was in district Krishna, named after the river
specially Vijayawada. Chief Minister N Chandrababu
Naidu and his wife Bhuvaneswari took the holy dip
at Durgaghat in Vijayawada and offered prayers.
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<D<108)State Bank of India on
Friday reported 78 per cent
plunge in consolidated net profit at C1,046 crore in April-June
on higher provisions for bad
loans at its five associates, though
asset quality seemed to be
improving.
Total income during the
three-month period rose to
C69,415 crore against C63,164.5
crore in April-June, 2015-16.
On a standalone basis, net
profit of the State-run bank
declined at a much lower rate of
32 per cent to C2,521 crore
from C3,692 crore a year ago.
“The worst is behind us
when it comes to stressed assets.
But let me warn you that the
recovery will be slow and staggered as all those accounts
marked in the watch list display
stress. But I don’t think we will
be revising upwards the watch
list of C31,000 crore going forward,” Chairperson Arundhati
Bhattacharya told reporters here.
She went on to add that “we
are still looking at resolution
picking up pace. Resolution has
started but they have not picked
up pace to that extent and specially in respect of the larger
accounts, we really need to see
much more movement. But that
will happen over a period of
time.”
Bhattacharya attributed the
lower numbers to the massive
provisioning the five subsidiary
banks have done in the quarter
ahead of their merger with the
parent towards the end of the
year. “Whether the stress is in
their books or in the combined
entity’s it makes the same
impact. So they made additional provisions to match the parent’s level provisioning ahead of
the merger.”
The market lapped up the
improvement in asset quality
and the bottomline numbers
which were as per the market’s
estimate and also the guidance.
SBI counter rallied over 9
per cent intra-day on the BSE,
one of the best gains in many
years.
Gross non-performing
assets rose to 6.94 per cent to
C1,01,541 crore in the first quarter from 4.29 per cent or C56,421
crore, while net NPA rose to 4.05
per cent to C57,421 crore as
against 2.24 per cent, or C28,669
crore.
Accordingly, total provisions jumped up by 55 per cent
to C8,533 crore from C5,510
crore. Loan loss provisions was
at C6,340 crore and standard
asset provisions stood at C917
crore.
5HWDLOLQIODWLRQSLFNVXSSDFHWR
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ith rise in prices of food
items and slow economic
W
activities of the country, retail
inflation went up to nearly 2-year
high of 6.07 per cent in July, while
industrial factory output grew at
slow pace at 2.1 per cent in June
on account of poor show by manufacturing and heavy contraction
in capital goods production.
The inflation number
remained well above the central
bank’s comfortable level following unprecedented surge in food
prices as demand for sugar, oil &
fats and spices rose ahead of the
festival season. The outgoing
Reserve Bank of India (RBI)
Governor, Raghuram Rajan,
whose term ends on 4 September,
left the key policy rates
unchanged, flagging upside risks
to the inflation target in his last
monetary policy review on
Tuesday.
The RBI had said that going
forward, the strong improvement in sowing on the back of the
monsoon’s steady progress along
with supply management measures would augur well for food
inflation. “The prospects for
inflation excluding food and fuel
are more uncertain; if the current
softness in crude oil prices proves
to be transient and as the output
gap continues to close, inflation
6ia`cedd]Za')
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fter rising for the first
time in 18 months in
A
June, exports shrank again
in July, contracting 6.84 per
cent due to decline in shipments of engineering goods
and petroleum products.
Gold imports, which
till recently was a matter of
concern
for
the
Government, more than
halved to $1.08 billion in
the month.
Merchandise exports
totalled $21.69 billion in
July as against $23.28 billion
in the same month last
year.
Declining exports as
well as in imports narrowed the trade deficit in
July to $7.76 billion as
against $13.09 billion in
the year-ago period.
excluding food and fuel may likely trend upwards and counterbalance the benefit of the
expected easing of food inflation,” the RBI statement had
said.
Keeping growth and manufacturing scenario of the country, India Inc expressed concern
on the issue.
As far as retail inflation is
concerned, it is based on
Consumer Price Index (CPI)
which was 5.77 per cent in June
and in July 2015, it was at 3.69
per cent. Inflation was highest
since September 2014, when it
was at 6.46 per cent. Food
inflation during the month rose
to 8.35 per cent, up from 7.79
per cent in June.
On industrial growth front,
Index of Industrial Production
or IIP also had a poor show on
account of poor show by manufacturing and heavy contraction in capital goods production,
growing by only 2.1 per cent in
June, down from 4.2 per cent a
year ago. On cumulative basis,
the factory output in the AprilJune quarter grew by 0.6 per cent
compared to 3.3 per cent growth
in the year-ago period.
The June growth was
however higher than 1.1 per
cent (revised from 1.2 per cent
provisionally) in May. The
IIP showed that the manufacturing sector that constitutes
over 75 per cent of the index
saw a meager growth of 0.9
per cent in June compared to
5.2 per cent a year ago.
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In the last quarter of
FY2015-16, the bank had put up
accounts worth C31,000 crore on
‘special watch list’ following the
AQR (Asset Quality Review) of
the Reserve Bank.
Bhattacharya said there are
no additions to the watch list and
it has been retain at C31,000
crore.
The net interest margins
declined to 2.83 per cent from
2.99 per cent. “The kind of spike
in NPAs we saw last quarter,
wedefinitely do not expect that
going forward. When the resolution process starts we would
definitely see the residual numbers looking much better,”
Bhattacharya said.
In the last quarter of fiscal
2015-16, fresh slippages of the
bank were around C30,000 crore.
Fresh slippages during the
reporting quarter jumped to
C8,790 crore from C7,318 crore
a year ago.
“Our slippages are still
elevated but over a period of
time this will normalise. I
would not put that period of
time beyond the next three
quarters,” she added.
Out of the C8,790 crore of
fresh slippages, C4,122 crore
were from the retail assets and
C987 crore from the international banking group.
Slippages in the corporate
sector were C3,681 crore, of
which C2,950 crore has come
from the watch list. The bank
has recovered C1,647 crore of
loans while it upgraded C1,169
crore during the quarter.
The lender sold only C77
crore of loans to asset reconstruction companies in the
quarter and did not do any S4A
scheme as it is being still worked
out. The bank invoked SDR
provisions in 22 accounts worth
Rs over 18,000 crore out of
which three have slipped into
NPAs again.
Deposits increased 10.46
per cent to C17,82,371 crore
from C16,13,545 crore and
advances rose 11.41 per cent to
C14,63,690 crore from
C13,13,735 crore. The bank had
set a loan growth target of 12 per
cent for this fiscal.
Bhattacharya said SBI Life
Insurance will be listed in the
next 2-3 years.
On the SBI Card JV, she
said the bank will not be buying out its partner GE Capital
but expressed the hope that
they will be able to find a buyer
by September.
State Bank of India has performed better than other staterun lenders in managing its bad
loans. It is also better placed on
NPA front due to a higher share
of low-cost deposits, a comfortable capital ratio and
improving operating profitability, according to a recent
Goldman Sachs report.
Emkay Research said the
numbers are as per its expectations and the stability in the
asset quality has been better
than the Street view and it
therefore has an ‘accumulate’
call on the SBI stocks.
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W
hile welcoming decision of
the Supreme Court on lifting ban on cars and SUVs with
diesel engine capacity of 2,000cc
and above in Delhi-NCR
Automobile industry said efforts
must be made to address the real
cause of pollution instead of targetting a particular type of fuel.
Worst affected carmakers in
like Toyota and Mercedes-Benz,
which had offered to pay 1 per cent
green cess, insisted they made the
voluntary offer in order to overcome the ban and “not on the
premise that our vehicles are polluting the environment”.
The Japanese auto maker
insisted that its stand to hold back
investments in India will continue till it gets a clarity on the future
road map both from a court’s stand
point and Government’s policy
side.
“Our vehicles meet every
norms laid out in the country. We
made the offer of 1 per cent green
cess under duress. While we welcome the Supreme Court decision,
we wish if only the Court did this
earlier,” Toyota Kirloskar Motor
Vice-Chairman and Whole-time
Director Shekar Viswanathan told
news agency PTI.
He further said the diesel fuel
has been maligned and wondered if it has damaged the environment so much that it had to be
banned.
When asked if Toyota would
now reconsider its decision to hold
back investments in India,
Viswanathan said: “We will still
wait for the final pronouncement.
We will wait for a clear statement
from the court and government on
the road ahead for diesel fuel.”
Echoing the view, MercedesBenz India MD and CEO Roland
S Folger said the company had followed the earlier direction of the
Supreme Court and filed an
Interim Application seeking relief
on the ban on its cars.
“Following the court suggestion, we as a voluntary interim
measure, offered to pay 1 per cent
of the ex-showroom price of the
vehicle towards anticipated
Environment Compensation
Charge as a deposit, and not on the
premise that our vehicles are pol-
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<0C7DA
-HW$LUZD\VQHWGLYHVWRCFURUH
=4F 34;78) Bogged down by
competitive pressure and lower
revenues, Jet Airways on saw its
consolidated net profit fall 44 per
cent to C126 crore in the three
months to June.
The second largest airline by
market share had a net profit of
C226 crore in the year-ago period.
Total revenue dropped to
C5,406 crore in the first quarter of
the current financial year from
C5,508 crore in the same period
a year ago, it said in a release.
Naresh Goyal, Chairman, Jet
Airways, said: “Jet Airways has
strengthened its core operations and
achieved better capacity utilization
and greater efficiency. We have been
able to report lower non-fuel cost
in spite of inflationary increases and
weakening of Indian Rupee against
US Dollar by almost 6%.”
“Due to the intense competitive environment, industry yields
were under pressure in Q1 and the
trend is expected to continue in Q2.”
luting the environment,” he said.
Mercedes-Benz had also said
it was putting on hold its future
investments in India in the wake
of the ban on big diesel cars and
SUVs.
Welcoming the apex court’s
decision, Mahindra & Mahindra
Executive Director Pawan
Goenka, said: “We are very
relieved with the decision of the
Honourable Supreme Court today.
Hope this decision will put all controversy surrounding diesel fuel
behind us and we will be able to
focus on the more important task
of making our vehicles compliant
with BS 6 norms by April 2020.”
Maruti Suzuki Chairman R C
Bhargava termed the decision as
one “which the entire industry was
waiting for a long time”.
Hyundai Motor India Senior
Vice-President Sales & Marketing
Rakesh Srivastava said: “It is a positive step and will address the challenge being faced by customers
and various stakeholders.”
SIAM Director General
Vishnu Mathur said the Supreme
Court’s decision will bring certain
amount of relief for those com-
panies whose vehicles were affected by the ban.
“However, they will be at a
comparative disadvantage due to
the one per cent green cess. The
main concern of the automobile
industry is that this issue will crop
up again in October-November
with the onset of winter when pollution increases,” he said.
He further said: “We need to
look at the long term and find the
real cause of pollution to address
the issue. We stand by our view
that cars are only a minor contributor to the overall pollution.”
Speaking on the development, Tom von Bonsdorff,
Managing Director, Volvo Auto
India said: “It has come as a big
relief for the automobile industry and related stakeholders. We
are sure this decision has been
taken keeping in mind the desire
of the Apex Court to protect
Delhi’s environment and we are
happy to contribute to that cause.
With Volvo launching the first
plug-in hybrid petrol SUV soon,
we hope to give a product to the
customers which comes as a
package of green luxury.’’
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RIO DE JANEIRO: The "Usain
Bolt Variety Hour" hit Brazil, big
time.
The closing number said it all:
After talking about life, sprinting
and the Olympics — and yes, Bolt
insisted the Rio de Janeiro Games
will be his last — the 6-foot-5
Jamaican pulled out his cell phone
and started taking selfies while he
shimmied off stage , surrounded
by more than a dozen thong-andheaddress-wearing Samba dancers.
In the lead up to the Rio
Olympics, his legs haven't fared as
well. He pulled out of his national championships last month with
a sore hamstring, which he has
been trying to rehabilitate in time
to put on a show in Brazil.
Bolt takes to the track on
Saturday for the early rounds of the
100 meters. If he wins the 100, 200
and 4x100 relay, the way he has at
the last two Olympics, he'll close
his Olympic career with nine gold
medals.
By now, though, it's as much
about the show as the results, and
Bolt said as much last Monday
night.
"I'm definitely a sprinter first,
but I like to entertain," he said.
"That's what people come out to
see. They like it when I do crazy
stuff. I try to entertain and make
it different, help people enjoy it."
By doing that, he has obliterated the decades-old image of the
sullen, skulking sprinter - and has
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also offered a much-needed breath
of fresh air in a sport devoured by
doping scandals that have dominated the lead-up to the Olympics.
"I think we're going in the right
direction," Bolt said. "I must say,
we're weeding out the bad ones.
I think people should have
faith. We have to go through the
rough times before we get to
the good times."
Speaking of which,
Bolt hasn't ruled out a
goal he set a long time
ago — to better his record of 19.19
seconds in his favorite race, the 200.
He has long said he'd like to
take the record, which stood at
19.32 for 12 years before he first
A8>3490=48A>)The World's Fastest Man has been
"I've been trying to pick the top three for the
paying attention to the world's fastest women in longest while," Bolt said. "It's going to be a hard
one. The women are really pushing. The guys have
the run-up to the Olympics.
really let us down this season."
While the men have been taking the
Until this year, the 10.7-and-better ter100 meters at a leisurely pace this year ritory was dominated by four women:
or, in the case of Usain Bolt, barely at all
World-record holder Jackie Joyner-Kersee,
- the women have been playing "Can You
Marion Jones (who has had several of her
Top This?"
results overturned because of doping),
Five sprinters have joined the small list
Fraser-Pryce and Carmelita Jeter, who ran
of women to crack the 10.8-second mark:
the anchor leg in the U.S.'s world-record
Elaine Thompson of Jamaica, Murielle
4x100 at the London Games.
Ahoure of the Ivory Coast and American
Thompson bullied her way into that
teammates English Gardner, Tianna
group by running 10.70 at Jamaica's
Bartoletta and Tori Bowie. Throw in twonationals to beat Fraser-Pryce. Both have
time defending Olympic champion ShellyAnn Fraser-Pryce, who has cracked 10.8 CXP]]P1Pac^[TccP been dealing with minor injuries since
(Fraser-Pryce a toe, Thompson a hamstring),
seconds 11 times before, and the women's
100 might be the most up-for-grabs race on the but their coach, Stephen Francis, told the Jamaica
Gleaner they should be ready to go.
AP
card.
:UT[V'ROV[TOYNKY6GQOYZGT
05?■ ;>=3>=
imone Manuel leaned her head into
her hands and cried when she recSognized
her historic achievement.
oeen Ali made Pakistan pay for
their latest fielding lapses with a
M
century that saw England fight back on
With her victory in the 100meter freestyle, she became the first
African-American woman to win an
Olympic gold medal in swimming.
The 20-year-old Manuel upset
world-record holder Cate Campbell of
Australia and tied with Penny
Oleksiak of Canada at the Rio Games
on Thursday night. "I hope that I can
be an inspiration to others, so this
medal is for the people who come
behind me and get into the sport and
hopefully find love and drive
to get to this point,"
Manuel said.
Campbell was on pace to take her
world record even lower when she
made the turn out front, with little sister Bronte right behind her. But the
Aussie siblings, who teamed up to lead
their country to gold in the 4x100
freestyle relay, couldn't hang on.
Bronte faded to fourth, and Cate
dropped all the way to sixth at the fin-
the first day of the fourth Test at The
Oval on Friday.
Ali's 108 was the cornerstone of
England's 328 all out.
And there was still time in the two
overs before stumps for Stuart Broad to
have Sami Aslam lbw for three.
Pakistan ended the day three for one,
with both Azhar Ali and nightwatchman
Yasir Shah yet to score a run between
them.
England, 2-1 up in the four-match
series and bidding to become the world's
top-ranked Test side, collapsed to 74 for
four before lunch after captain Alastair
Cook won the toss.
They were still struggling at 110 for
five when number seven Ali came in.
But Ali, missed on nine and 15,
turned the tide in a fifth-wicket stand of
93 with Jonny Bairstow (55) that followed their key partnership of 152 in
England's 141-run win in the third Test
at Edgbaston last week.
0?
ish. Instead, it was Manuel who
touched at the same time as 16-yearold Oleksiak, the youngest swimmer
in the field. The Canadian became the
first swimmer born in the 21st century to win a gold medal in any
Olympic sport.
Manuel and Oleksiak shared the
top spot on the medal podium, with
the U.S. anthem played first followed
by the Canadian anthem. Tears rolled
down each of Manuel's cheeks as she
sang along.
"It's been a long journey and I'm
super excited with where it has
brought me," she said.
toward your goal," he said. "It's a
hard road. Never let anyone tell
you you can't do it."
But as much as sending messages, Bolt pretty much laughed his
way through 30 minutes of dance,
drama and jokes. He said the
only problem he's encountered
during his stay in Rio had to do
with TV. The apartment he's sharing with teammate Asafa Powell
didn't have one.
"Somebody told us they were
going to get it," Bolt said. "After
two days, I was just, 'Buy a TV.'
I'm a good teammate. So I got
him a TV."
As always, keeping the people
entertained.
AP
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0?■ A8>3490=48A>
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broke it at the Beijing Olympics,
into the 18-second range. But the
leg injury leading up to the
Olympics made it a less-manageable goal to pursue. Then, after his
only Olympic tune-up run
— a 200 late last month in
London — he met with
coach Glen Mills, who
told him, "That's one of the
worst races you've ever run,"
according to Bolt.
Still, why not aim high?
"I really, really, really want that
one," Bolt said.
And going after dreams is the
main message he wants people to
take away from his career.
"For me, it's always to work
The off-spinning all-rounder also
added 79 in just 86 balls with Chris
Woakes (45).
Sohail Khan took five for 68 — his
second five-wicket innings haul in as
many Tests — including a burst of three
for six in 13 balls that reduced England
to 286 for nine.
At that stage, Ali was still 11 runs shy
of a hundred.
But last man James Anderson stuck
in for long enough to allow Ali to go to
a third hundred in 30 career Tests in style
by dancing down the pitch and lofting
leg-spinner Shah for six high over midwicket.
Off-spinning all-rounder Ali's second Test hundred of the season, following his 155 not out against Sri Lanka at
Chester-le-Street in May, took 140 balls,
with 12 fours and two sixes.
Ali was last man out when he was
caught in the deep by Shah hooking at
Sohail, who kissed the pitch in celebration of his fifth wicket.
Cook decided to bat first despite
overcast conditions and a green-tinged
pitch offering the promise of assistance
for Pakistan's seamers.
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captain
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series against West Indies to be
played in USA on Aug 27 and 28.
The 14-member Indian team
will witness the return of as many
as 11 regular players who were
rested from the tour to Zimbabwe
in May earlier this year.
The notable players who will
be making their return to the
team are Kohli, Rohit Sharma,
Dhawan, Rahane, Jadeja.
Squad
Mahendra Singh Dhoni (C),
Rohit Sharma, Shikhar Dhawan,
Virat Kohli, Ajinkya Rahane, K.
L. Rahul, Ravindra Jadeja,
Ravichandran Ashwin, Jasprit
Bumrah, Mohammed Shami,
Bhuvneshwar Kumar, Umesh
Yadav, Amit Mishra, Stuart Binny.
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M
ichael Phelps seized
another slice of Olympic
history Thursday with a dominant victory in the 200m individual medley at the Rio
Games, his fourth straight in
the event.
Phelps joined discus
thrower Al Oerter and Carl
Lewis in the long jump as the
only Olympians to win the
same individual event at four
straight Games.
He took his total of
Olympic golds to 22 — with a
crack at two more in Rio in
Friday's 100m butterfly and the
4x100 medley relay on
Saturday.
For fans who tune into
swimming only when the
Olympics roll around, Phelps's
longtime coach Bob Bowman
had a message: Phelps may
make it look easy, but it isn't.
"You just have no idea
how difficult it is for anybody
to win an Olympic gold
medal," Bowman said.
"Michael has done it so frequently it really is hard to put
it into perspective because
every one of those was hard.
"Look at his numbers compared to everybody else. It's not
because of the talent it's
because of the work. It's a
combination, but work is the
thing that did it — particularly this time around."
Now he seems capable of
sweeping all six of his events.
"I don't know if I'm in better shape than I was in 2008,"
Phelps said of his fitness now
compared to the year he won
eight gold medals in eight
events in Beijing.
He said his 200m medley
final, closely followed by a
100m butterfly semi-final in
which he secured his spot in
the final with the fifth-fastest
time "hurt a lot".
Lurking in second until the
end of the breaststroke third leg
of the medley he surged home
on the closing freestyle lap to
win in 1min 54.66sec.
That was almost two seconds in front of silver medallist Kosuke Hagino of Japan,
the 400m individual medley
champion who powered from
fifth at the final wall to touch
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I
ndian pair of Sania Mirza and Rohan
Bopanna entered the quarterfinals of the
mixed doubles event of tennis competition at the Rio Olympics with a straightset win over Australian pair of Samantha
Stosur and John Peers here on Friday.
Sania and Bopanna, who are being touted as India's medal hope at the Olympics,
broke little sweat in their opening round
match to post a 7-5, 6-4 win in 73 minutes.
The fourth seeded Indian pair took a
little time to settle down but once they got
the rhythm, there was hardly any looking
back. "Personally for me it would be amazing to win a medal at the Olympics, which
I don't have. It would mean the world us.
We would do whatever we can and put our
best forward," the world number one
women's doubles player Sania told reporters
after the match. On a chilly and windy
evening at a small court of the Tennis
Centre in Barra, a lot of Indian supporters
waited patiently since 3.30pm local time for
the match to begin. It was delayed by men's
doubles semifinals featuring Rafael Nadal
and Marc Lopez, that took more than two
hours to finish. Waiting among the 'spectators' were Leander Paes, Sports Minister
Vijay Goel and SAI director Injeti Srinivas.
In the first set, both teams did not drop
a point till the ninth game before Peers' serve
was broken by the Indians and they went 54 up. But it did not help Sania and Bopanna's
cause as they conceded the advantage in the
next game itself and were broken back with
the scoreline levelled at 5-5
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orld No 11 Kidambi Srikanth overcame some stiff resistance in the
W
second game from lower ranked Mexican rival Lino Munoz before
winning his group H clash in straight games in men's badminton singles
at the Olympic Games here.
Srikanth, the only Indian male shuttler in fray in singles, got past world
No 85 Munoz 21-11, 21-17 in 41 minutes to give a perfect ending to the
sixth day of competitions.
If Srikanth, who had defeated badminton super star Lin Dan to win
the Chinese Open two years ago, had expected an easier outing than he
encountered, it was belied by the Mexican's will to fight with good backing from the crowd, especially in the second game.
After taking the opening game comfortably, the cushion of a 16-9 lead
proving handy, Srikanth was given a tough fight in the second as he had
to rally from behind on quite a few occasions before using his better court
craft and experience to see him through.
Srikanth led 6-2 but the Mexican drew level and then led 8-6 before
the Indian fought back to restore parity. Srikanth was 11-9 ahead at the
break but a series of poor returns of serve saw the Indian down 11-12.
Things were neck to neck from this point till 13-all before Munoz again
went up to 16-13 with the help of some weak mid-court clears by the Indian
that were "killed" without much ado by the Mexican.
Srikanth again caught up at 16, fell behind 16-17 through another weak
mid-court clear, but finally brought his game back on track to level the
scores at 17 with a superb smash to the forehand side of his rival.
From then on the superiority of the Indian shuttler came to the fore
as he came up with successive cross court and down the line smashes to
lead 19-17 which were followed by a netted shot by his rival to give Srikanth
four match points.
The last point was won by the Indian with a bodyline smash followed
by a push to the back court that caught the Mexican in no-man's land.
9F0;00B7F8=81>F>DC
The experienced Indian pair of Jwala Gutta and Ashwini Ponnappa
were today eliminated from the Olympics women's doubles event after
losing their second successive group A clash here.
In a rollercoaster game against the Dutch team of Eefje Muskens and
Selena Piek, Jwala and Ashwini went down 16-21 21-16 17-21 in a 48minute clash.
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