The Hindu

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WEEKEND EDITION • Delhi sunday, november 13, 2016

www.thehindu.in Weekly Edition Regd. DL(ND)-11/6110/2006-07-08 RNI No. TNENG/2012/49939 ISSN 0971 - 751X Vol. 6 No. 45 CITY EDITION 28 Pages Rs. 8.00 ●

Printed at Chennai, Coimbatore, Bengaluru, Hyderabad, Madurai, Noida, Visakhapatnam, Thiruvananthapuram, Kochi, Vijayawada, Mangaluru, Tiruchirapalli, Kolkata, Hubballi, Mohali, Allahabad, Malappuram and Mumbai

Resignation of Cong MLAs a political stunt, says Badal

Rajasthan government withdraws notification for Meena reservation

Seoul protests call for South Korean President Park Geun-hye to quit

Batra first Indian to head an Olympic sport’s international body

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BRIEFLY Journalist shot dead in Bihar PATNA: A journalist was shot dead at Sasaram, headquarters of Rohtas district of Bihar, on Saturday. Dharmendra Singh, 35, working for Dainik Bhaskar, a Hindi daily, was at a tea stall outside his home when three motorcycle-borne assailants fired at him. He received gunshot injuries in the chest and in the abdomen. NORTH | PAGE 11

Ready to work with all, says Mamata KOLKATA: Taking on the BJP over

the demonetisation, West Bengal Chief Minister Mamata Banerjee on Saturday urged all the Opposition parties, including her arch rival Communist Party of India(Marxist), to “unite” against the Centre. “For the betterment of the people and the country, I appeal to all the Opposition parties to come together,” she said. NEWS | PAGE 15

4 killed in Taliban attack at Afghan base KABUL: A Taliban suicide

bomber, dressed as a labourer, blew himself up at the NATO air base at Bagram, north of the Afghan capital Kabul, on Saturday, killing at least four persons. WORLD | PAGE 16

SUNDAY MAGAZINE 6 Pages

CLASSIFIEDS On Pages 8 & 9

Stocking of ATMs with new notes to take longer: Jaitley Finance Minister urges people to use electronic transactions

PM hints at more action to unearth black money

SPECIAL CORRESPONDENT

KOBE (JAPAN): Hinting at more action to unearth black money, Prime Minister Narendra Modi said on Saturday that those holding unaccounted money would not be spared, and there was no “guarantee” that no further steps would be taken after December 30, the deadline for depositing the demonetised currency notes. Mr. Modi assured the honest people that they would not face any trouble. “I would like to announce once again that after the end of this scheme, there is no guarantee that something new will not be introduced to punish you,” he said, addressing the Indian community here. Mr. Modi termed the demonetisation a Swachhata Abhiyan and hailed the undaunting spirit of the people, despite the hardship following the November 8 announcement. “I salute my countrymen. I thought long and hard about the possible diiculties, and it was also important to keep it a secret. It had to be done suddenly, but I never thought I would receive blessings for this,” he said. — PTI

NEW DELHI: As queues grew

longer outside banks and ATMs across the country, Finance Minister Arun Jaitley on Saturday said the recalibration required for over two lakh ATMs to dispense the new Rs. 500 and Rs. 2,000 notes would take another two to three weeks. Announcing the demonetisation on Tuesday, the government had promised that ATMs would start functioning across the country on Thursday and Friday. Speaking to reporters, Mr. Jaitley said roughly Rs. 2 lakh crore had been deposited across banks in the first twoand-a-half days of the demonetisation announcement on November 8, withdrawing the old Rs. 500 and Rs. 1,000 notes as legal tender. While appealing to the citizens to use electronic means for monetary transactions, the Minister requested people to not to crowd banks to deposit/exchange cash and to stagger it over the deposit window till December 30. He also rubbished allegations that deposits had spiked before the demonetisation announcement as some people had been informed of the drive before-

NO HURRY: Arun Jaitley asked the public not to crowd banks as there is enough time to exchange old notes. — PHOTO: R.V. MOORTHY hand, calling such statements “irresponsible.” Massive operation “It is a massive operation ... to replace 86 per cent of currency under circulation… It is a regret that people are being inconvenienced because replacement of this magnitude causes inconvenience as you have to go to the bank, you have to stand in a long queues,” the Minister said. All ATMs in the country need to be re-calibrated individually to dispense the resized notes of Rs. 2,000 and Rs. 500, in addition to the Rs. 100 note. The State Bank of India, the country’s largest bank, had reported Rs. 47,868 crore deposits of the old Rs. 500 and Rs. 1,000 note till 12.15 p.m. on Saturday, Mr. Jaitley said. Given that the SBI and its arms account for about 20-25 per cent of all banking activities in the country, be-

tween Rs. 1.5-Rs. 2 lakh crore had come into the banking system. The SBI has reported 58 lakh transactions involving exchange of old currency notes, 22 lakh ATM transactions and 33 lakh withdrawals from branches. Mr. Jaitley said the government anticipated that the first few days would see a huge demand for exchange of notes and assured that the RBI and the banks had stocked up enough currency to replace Rs. 14 lakh crore worth of old notes. ‘Long-term advantages’ The Finance Minister conceded that there would be inconvenience for the first few days, “but the long term advantages of this are to the overall economy.”

‘SPIKE IN DEPOSITS DUE TO PAY PANEL ARREARS’ | PAGE 15 USE DIGITAL MEANS, RBI TELLS PUBLIC | PAGE 17

쐍 쐍

43 dead in suicide blast at Sufi shrine in Balochistan 14-year-old attacks religious gathering; IS claims responsibility KARACHI: At least 43 people, including women and children, were killed and more than 100 others injured on Saturday in a suicide attack carried out by a 14-year-old boy at a popular Sufi shrine in Balochistan, Pakistan. The blast occurred in the Hub region in Lasbela district, where devotees were attending a Sufi dance called dhamaal at the Dargah Shah Noorani shrine. The target of the attack was an area where believers would perform the dhamaal. Balochistan Interior Minister Mir Sarfaraz Bugti confirmed the blast, which happened when about 500 to 600 devotees were present at the shrine. Rescue teams reached the site and started shifting the deceased and the

A boy injured in the blast at a Sufi shrine in Balochistan province of Pakistan on Saturday being taken to a hospital in Hub district, 40 km from Karachi. — PHOTO: AFP injured to hospitals. However, rescuers were facing diiculty in accessing the remote shrine. “The shrine is located some 250 km from Karachi in the remote mountains of Uthal and our vehicles have been dispatched there to carry out rescue operations and shift the injured to the

hospitals,” said Hakeen Lassi, an oicial of the Edhi Trust Foundation. President Mamnoon Hussain and Prime Minister Nawaz Sharif condemned the blast. The Islamic State (IS) claimed responsibility for the attack through Amaq, its ailiated news agency. — PTI

Jaya’s infection under control, but no date set for discharge SPECIAL CORRESPONDENT CHENNAI: Tamil Nadu Chief Minister Jayalalithaa’s infection is fully under control, and while there is no date fixed for her discharge, it depends upon her, Apollo Hospitals Group chairman Prathap C. Reddy said on Saturday. Speaking to journalists on the sidelines of the 16th international symposiumworkshop on ‘Ion Beams in Biology and Medicines’ here,

Apollo Hospitals Group chairman says the Chief Minister can leave when she feels fit Dr. Reddy said the Chief Minister could leave when she felt fit. She needs to reinvigorate herself to go back, he said. Ms. Jayalalithaa was admitted to Apollo Hospitals on September 22. A hospital bulletin then said she had fe-

ver and dehydration. To questions on shifting her from the Critical Care Unit to a private room and whether she was on a normal diet, Dr. Reddy said the Chief Minister followed the diet she liked and a change of her room would be for her convenience only. There was no major change in her treatment, he said. Recuperation is now required, and the team of doctors is working towards it, Dr. Reddy said.

‘Black money barons given time to escape’

Long wait

scrap the notes was made oicially.

STAFF REPORTER NEW DELHI: The Delhi Chief

TIME FOR PATIENCE: A large number of women turned up at banks in Daryaganj, New Delhi, on Saturday to exchange their old notes.- PHOTO: R. V. MOORTHY

Minister hit out at the Central government alleging there was a huge scam behind the decision to scrap Rs. 500 and Rs. 1,000 currency notes. “In the name of tackling corruption, a scam is being carried out on a large scale. Some evidence has to come to light and TV channels are showing it. I am not saying something new,” Mr. Kejriwal told reporters at a press briefing on Saturday. “On November 8, when Prime Minister Modi announced that Rs. 500 and Rs. 1,000 notes are not legal tender any more, they had already informed all their friends and Bhar-

Delhi Chief Minister Arvind Kejriwal addressing the media in New Delhi on Saturday.- PHOTO: R.V. MOORTHY atiya Janata Party people, who actually have all the black money,” Mr. Kejriwal alleged. He further alleged that holders of large amounts of black money had enough to time to take care of it, before the decision to

‘Common man sufering’ “In the last three months, money has been deposited in all banks at a large scale, running into thousands of crores of rupees. This arouses suspicion,” he alleged, going on to ask, “When deposits in the quarters before that were in the negative, or there was no growth, how were such high deposits suddenly made between the July and September quarter? Whose money is this and how did such large-scale deposits happen?” “It is the common man who is sufering due to this as those who have black money have already set

things up. New notes are being home-delivered to them for a commission,” he alleged. “There are huge queues outside banks. Are there any big industrialists or black marketers in the queue? No. Shopkeepers, rickshaw pullers, autorickshaw drivers, farmers and labourers are in the queue. Do they have all the black money?” he asked. Mr. Kejriwal said demonetisation has lead to a system of commissions and provided a fillip to black money instead. “Gold rate has gone up and black money has increased instead of decreasing,” he alleged.

쐍 SEE ALSO | PAGES 4 & 5

RURAL DISTRESS

Bharat surviving on credit as demonetisation hits home Banks low on cash and staf to deal with rush PURUSHARTH ARADHAK BULANDSHAHR: Ìf city dwellers

are living of credit cards following the sudden and unannounced liquidity crisis, rural India is surviving on credit from their neighbourhood grocery stores. Across villages in Bulandshahr, Hapur and Jewar in western Uttar Pradesh, the story of survival following the government’s decision to withdraw Rs 500 and Rs 1,000 notes, is the same. Villagers, especially farmers who have taken loan to sow their crop, have turned to local shop owners to keep their hearth burning. “After getting land on lease from the landlord, we had started vegetable farming CM YK

Demonetisation has left many debt-ridden farmers in western Uttar Pradesh without cash nearly six months back. Neither do we do have buyers for our vegetables nor any money to purchase our daily household needs,” said Vinod Kumar of Sapnawat village in Bulandshahr. The same is the case with Ram Dass, who grows cauliflowers in the Khanpur area of district.With bountiful rains this season, Mr Dass had hoped to earn a handsome amount from the rich harvest of his vegetable. But the government’s demonetisation has

Cash-driven economy finds it hard to cope

BULANDSHAHR

JHAJJAR

OUT OF WORK: Ashu has no cash to buy raw material.

NO TAKERS: An Easyday store hardly gets any customers.-

- PHOTO: SHANKER CHAKRAVARTY

PHOTO: ASHOK KUMAR

left him in debt. He is now living of the credit given to him by the nearby kirana shop. Kamal Goyal, a grocery shop owner, said business had dipped since the demonetisation. “Our sales have reduced

by up to 10 per cent. Every person is coming with the old Rs 500 and Rs 1,000 notes”. (The writer is a freelance journalist) HOW LONG CAN WE GO ON LIKE THIS? | PAGE 15

ASHOK KUMAR JHAJJAR: For Nehru Lal, a Haryana Roadways bus conductor for the past 20 years, the last four days have been the most trying.

Mr Lal plies mostly on the Jhajjar-Jind route and the government’s decision to withdraw Rs 500 and Rs 1,000 notes has left his passengers in the lurch as most of them do not have change

Shopkeepers are offering goods on credit, easing the impact of the demonetisation for their ticket. Mr Lal devised a way to deal with this. He ofers a parchi (paper slip) in return for the change to be encashed later. “With the Haryana Government allowing use of Rs.500 and Rs.1,000 notes for the bus fare in Roadways buses, most of the passengers ofer the banned notes only to avoid the inconvenience of going to the bank for change. But it is not possible to provide change to all so I of-

fer them slips which they can get encashed at the depot cashier later,” Mr. Lal said. Mostly driven by cash, the markets in this predominantly rural district have been hit more than the urban areas. “My sales have reduced to half during the past four days. We have no credit card machines and people do not have cash,” said Deepak, who runs a sweets shop. The shopkeepers are ofering goods on credit, easing the impact of the demonetisation. Teeming with customers throughout the week, the lone “Easyday” retail store on Silani Road here wears a deserted look with sales having dipped by more than 80 per cent. ND-ND


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