Ayesha Takia’s husband claims page no. 02
Wimbledon 2018: Rafael Nadal....
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ENGLISH DAILY MORNING REPUTED NEWS PAPER, AHMEDABAD EDITION Editor : Kapilkumar M. Hirpara
Short News CCTV footage help cops rescue 6-day-old girl kidnapped from Hyderabad hospital Hyderabad: A 6-day-old kidnapped baby was reunited to her parents on Tuesday after nearly 24 hours. The baby was brazenly snatched from her mother’s arms at a government hospital in Hyderabad and was found in Bidar in neighbouring Karnataka. The baby went missing on Sunday when she was taken by her parents for vaccinations to the Government Maternity Hospital at Koti in Hyderabad. The woman, who kidnapped the baby, posed as a hospital staffer and told the baby’s mother that she has to vaccinate the baby. The baby was born in the same hospital four days earlier. When the father of the baby stepped out to get copies of their Aadhaar cards for paperwork, the mother, P Vijaya, was approached by the woman who pretended to be a hospital employee.
Bridge at Mumbai’s Grant Road station develops cracks, traffic diverted Mumbai: Day after a portion of road over bridge collapsed at Andheri, another bridge running over railway tracks in Mumbai’s Grant Road station has developed cracks and has been closed for traffic. On Wednesday morning, the Mumbai police tweeted saying that the bridge at Grant road station has developed cracks and therefore, the traffic has been diverted to Nana Chowk towards Kennedy bridge. Images showed a deep, huge crack running down the centre of the bridge. On Tuesday, the pedestrian portion of Gokhale road over bridge that connects Andheri East to West collapsed on the railway track following heavy rains affecting local train services on the Western line till late evening. At least five people were also injured in the incident. Following the incident, the Railways said it would conduct a safety audit of around 450 road overbridges, foot overbridges and bridges over the pipelines in Mumbai.
Jharkhand man kills woman, runs 5 km with severed head to escape police, mob Jamshedpur: A mentally challenged man was arrested after he beheaded a woman teacher near her school in Seraikela-Kharswan district on Tuesday and ran into a jungle 5 km away carrying the severed head to flee from the chasing policemen and a mob.The incident occurred when the mid-day meal was being served to the students of Khaprasai Primary School, SubDivisional Police Officer (SDPO) of Seraikela, Avinash Kumar said. The accused, identified as Hari Hembram (26), was arrested after two hours. The police had to save him from being lynched by the locals, and in the process, four policemen, including officer-incharge of Seraikela police station Ranvijay Singh, were injured, he said. Hembram, who is stated to be mentally challenged and lived alone nearby, entered the school premises, dragged the teacher, Sukra Hesa (30), towards his house and beheaded her with a sword, the SDPO said. On being informed about the incident, a police team reached the spot and found him carrying the severed head.
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‘L-G can refer issues on the difference of opinion to President only in exceptional matters and not as a general rule,’ SC said.
L-G can’t be obstructionist, must act harmoniously with Delhi govt, says SC New Delhi: In a big relief for the ruling Aam Aadmi Party (AAP) in the ongoing power tussle, the Supreme Court on Wednesday said that the Delhi Lieutenant Governor has no independent decisionmaking power and he cannot act as an obstructionist. Delivering its verdict, which has been hailed as “a big victory for democracy” by Delhi Chief Minister Arvind Kejriwal, the top court made it clear that the L-G cannot behave as an obstructionist when the Constitution gives primacy to the representative of the government and asserted that “real power lies with the elected government of Delhi”. Reading out the decision, Chief Justice Dipak Misra said that obeying
Rajnath Singh meets senior J&K officials, reviews security situation
Srinagar: Home Minister, Rajnath Singh, on Wednesday evening held a series of meetings with senior government functionaries and the officers of various law enforcing agencies in Srinagar to review the security situation in Jammu and Kashmir and along the Line of Control (LoC). During these discussions special focus is being set on the security arrangements and other logistic support put in place for the annual Amarnath Yatra. Singh is himself planning to fly to Amarnath on Thursday morning to pay obeisance at the 3,888-metre-high revered cave-shrine and oversee the arrangements made for the pilgrims. Singh is being accompanied by National Security Advisor, Ajit Doval, and a team of officers from the Home Ministry including Home Secretary, Rajiv Gauba, and Joint Secretary Jammu and Kashmir, Gyanesh Kumar.
the constitution is everybody’s duty and responsibility. The chief justice also said, “The Lieutenant Governor must work harmoniously with the state,” adding that the L-G and council of ministers have to be constantly aligned. “L-G can refer issues on the difference of opinion to President only in exceptional matters
and not as a general rule,” the Supreme Court said, adding that Delhi cannot have full statehood in view of an earlier nine-judge judgment. The top court said Delhi is not a full state and the L-G has no independent power adding that the status of the L-G is not similar to that of the Governor of other states. “While the Parliament has the power to make laws for Delhi on subjects in state and concurrent list, the elected government can also make laws on all subjects expect land, police and public order. If Parliament makes a law, the executive power of the state must conform to the law made by Parliament,” the apex court added.
Rahul Gandhi said that despite an issue like Doklam on the border, PM Modi was seen sitting on a swing with the Chinese president.
Bullet train like ‘magic train’ which may not materialise: Rahul Gandhi
Big victory for people of Delhi, for democracy: Kejriwal on SC verdict
New Delhi: Delhi Chief Minister Arvind Kejriwal on Wednesday hailed the Supreme Court verdict on the power tussle between the Delhi government and the Centre as a “big victory” for the people of the city and for democracy. “A big victory for the people of Delhi...a big victory for democracy...,” Kejriwal tweeted minutes after the verdict. The chief minister has also called for a meeting with all Cabinet ministers at 4 pm on Wednesday to discuss critical projects which were blocked so far.
Massive fire erupts in cracker factory in Telangana’s Warangal, 10 killed
The cause of the fire is yet to be found; however, the police suspect that it may have been a short circuit. Amethi: Congress president Rahul Gandhi hit out at the Centre on Wednesday, claiming that the much talked about bullet train project was like a “magic train” which may not materialise.Targeting the Narendra Modi led government at the Centre, Rahul Gandhi also said that despite an issue like Doklam on the border, the Prime Minister was seen sitting on a swing with the Chinese president. “Modi’s bullet train is like a magic train which may not materialise in reality,”
the Congress chief said speaking to party activists at Fursatganj in Amethi. Continuing his attack, Rahul Gandhi, who represents Amethi in the Lok Sabha, also claimed that the Centre’s demonetisation decision had done nothing but derail business activity at all levels. Attacking the government on the foreign policy front, Rahul Gandhi said despite a contentious and sensitive issue like Doklam on the border, Prime Minister Narendra Modi sat on a swing with the Chinese president.
Warangal: At least 10 people died and several others were injured after a fire broke out at a firecracker godown in Warangal district of Telangana.Four fire tenders were rushed to the spot, news agency ANI reported quoting the district collector. The fire reportedly broke out at Bhadrakali
Fireworks, situated in the Kashibugga area. Some of the people have suffered severe burns and have been shifted to the MGM Government Hospital, several reports said. A probe has been ordered to ascertain the cause of the fire; however, the police suspect that it may have been a short circuit.
No Godman involved, police to probe ‘shared psychosis’ in Burari deaths
New Delhi: Delhi Police has questioned over 20 relatives of the Burari-based family in connection with the mysterious deaths of its 11 members and is likely to rope in a psychiatrist to assist the investigators in the probe. The police have ruled out the involvement of any self-styled godman so
far. Earlier, they found that the family had started following a Kondli-based godman, but nothing substantial was found on that front. The police recovered a third register with notes about “salvation”, “shunya” and “appeasing God”. Some loose sheets of paper were found containing notings from
Amid trolling of Sushma Swaraj, probe reveals passport officer exceeded brief
New Delhi: An internal government probe has found that the Lucknow passport officer was wrong in asking an inter-faith couple irrelevant questions about their religion when they visited his office with their applications for the document, sources said on Wednesday. They said the Uttar Pradesh Police was also wrong in finding of their residence and other irrelevant details while conducting verification process, required to issue a passport. Union Minister Sushma Swaraj has been facing attacks from Twitter trolls after the Ministry of External Affairs (MEA) transferred Lucknow passport official Vikas Mishra after he allegedly harassed city resident
Tanvi Seth and her husband Mohammad Anas Siddiqui. The sources said the Lucknow passport official has exceeded his brief. The MEA has also examined the police verification report of Seth and found that they too overstepped in finding out irrelevant details about the couple. As per procedure, the police should only check whether an applicant is involved in any criminal activity and whether he or she is a bonafide Indian citizen or not, the sources said. Swaraj was targeted by the trolls following the transfer. Mishra was transferred from Lucknow to Gorakhpur after the couple alleged that he humiliated them when they went to the office with their passport applications.
2008, which indicated that Lalit Bhatia had turned towards spiritualism after his father’s death that year. Policemen questioned 20 family members including the family matriarch’s eldest son, her daughter and one of her deceased daughters-in-law’s sisters, all of whom denied that the family indulged in
“occult”, said a senior police officer. There were rumours doing the rounds that 11 rods on top of the gate had something to do with the case but police ruled it out. Police have more or less ruled out the involvement of any self-styled godman in the case and are probing it as a case of “shared psychosis”.
Won’t return till I feel ‘safe from unfair prosecution’, says Zakir Naik Controversial preacher Zakir Naik’s statement came amid reports that he was being deported to India from Malaysia.
Mumbai: Zakir Naik, the controversial Islamic preacher who has been staying abroad to evade arrest in various cases in India, on Wednesday said he would not return home till he felt “safe from unfair prosecution”. Naik’s statement, issued through his PRO in Mumbai, came amid reports that he was being deported to India from Malaysia. “The news of my coming to India is totally baseless and false. I have no plans to come to India till I don’t feel safe from unfair prosecution,” said
Naik in the statement. He added that he would “surely return to my homeland” when he feels “that the government will be just and fair.” Naik is facing various cases, including for hate speech and money laundering, in India and has been staying abroad to evade
arrest. The National Investigation Agency (NIA) had first registered a case against the 51-year-old Naik under anti- terror laws in 2016 for allegedly promoting enmity between different religious groups The NIA and Mumbai Police, subsequently, had also carried out searches at 10 places in Mumbai including residential premises of some of the office bearers of the foundation run by Naik. The foundation was earlier put on the restricted list by the Home Ministry for receiving funds from abroad.
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thursday, 05 July, 2018
The marriage penalty on women in India
The discourse on economic development has become increasingly gendered, in recognition of both the ethical construct of equality between men and women and the realization that women’s empowerment generates positive externalities. Despite the pronounced gendered approach to policy initiatives recently in India, the country slipped 21 places between 2016 and 2017 in The Global Gender Gap Report released by the World Economic Forum. Within the subindices, India’s low rank on gender parity in labour force participation (LFP) fell further, by four points, to 139 (among 144 countries). The National Sample Survey shows that among working-age women who are currently not enrolled in educational institutes, LFP stood at 37% in 2011, registering a 10% fall over 20 years. The explanations for this decline have circled around rising incomes, the changing education structure and the decline in number of agricultural jobs. What is missing from this discourse is the focus on one specific demographic group—married women.The observed decline in female LFP has been the largest and most significant for rural married women. In urban areas, while there has been no decline in participation by married women over time, the figure has been stagnating. On the other hand, there has been no fall in the employment rate for men in the same demographic group. A few facts underline this phenomenon. In 2011, around 50% of unmarried women in the 1560 age bracket were in the labour force, while the proportion for married women was 20%. There has been a rise in labour force participation rates among urban unmarried women between 1999-2011, from 37% to 50%, but, for married women, it has been stagnant for 30 years. For married and unmarried men, the participation rates are high (around 95%) and constant over time. With marriage almost being universal in India, the different trajectories that single and married women have followed clearly hint at marriage and consequent childcare being one of the important barriers in access to employment for women. Juxtaposed against a rapid increase in the number of years women get an education, an increase in age for marriage and a reduction in fertility levels, these trends seem contradictory to the trend of labour force participation seen in India. The latest figures from the National Family Health Survey show that the average age at first marriage in India is 18 for rural and 19.4 for urban women. Age at first birth is 20 for rural, and 21 for urban, women. While the average years of education acquired by a girl who is 15-19 years is low (8.5 and 10 in rural and urban India, respectively), even for a girl with graduate or higher education, the mean age at first marriage is 23 years and mean age at first birth is 24 years.
- Kapilkumar M. Hirpara
Editor
Ayesha Takia’s husband claims she’s been receiving threatening messages
New Delhi : Ayesha Takia, who appeared in many films during the 2000s, has been allegedly receiving threatening messages. Her husband Abu Farhan Azmi took to social media and tweeted, “My wife @ Ayeshatakia , mother & sisters are being harassed,threatened stalked by a litigant, @MumbaiPolice #dcpDahiya refusing to answer my calls or messages. #DahiyaIPS has illegally frozen our bank accounts Dear PM @narendramodi ji @SushmaSwaraj Pls intervene!! #betibachao” As per Farhan’s tweet, the Deputy Commissioner of Police was not answering his phone calls and messages. He also alleged that the police officer mentioned in the tweet had frozen their bank
accounts illegally. Abu Farhan Azmi then proceeded to share screenshots of his conversation with DCP Dahiya. In the conversation, Farhan alleges, “You and your officers are helping this man harass my family and wife. I am calling you to complain and you are disconnecting my call.” Farhan also shared a screenshot with a number of disconnected calls from the police official. He tweeted this with a caption, “Dear Tweeple, help us get in touch with @MumbaiPolice @ CPMumbaiPolice #IPSDahiya @ DevenBhartiIPS @ Ayeshatakia”. The matter was apparently resolved as Farhan’s next tweet said, “Thank you @DevenBhartiIPS Ji #MumbaiPolice for stepping in.
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Remove unauthorised alterations at spa or we will demolish it: BMC to Priyanka Chopra
Hollywood - Bollywood Akshay Kumar starrer Gold gets wide attention on social media The movie is set to release on the 71st Indian Independence Day along with ‘Satyameva Jayate’.
Mumbai: The Brihanmumbai Municipal Corporation (BMC) has issued a notice to Bollywood actress Priyanka Chopra for allegedly carrying out illegal constructions at her spa and salon in suburban Oshiwara. A civic official said the BMC had received complaints of alleged irregularities in construction of Charishma Beauty Spa and Salon, owned by the actor. “Our team visited the spa and found that that the actress had built a mezzanine floor flouting the rules under the Maharashtra Regional Town Planning Act,” said a senior ward officer, seeking anonymity.The spa was also found to have non-permissible glass cabin walls and illegal amalgamation of rooms or premises, he said.
Mumbai : With a very unique promo called ‘Stand Up For Gold’, ‘Gold’ started its buildup. The teaser was played in theatres urging users to stand up for the national anthem while the British Anthem played instead of the Indian National Anthem. This unit with some hard-hitting anecdotes was screened across
theatres in India on a very well strategized day of Eid which coincided with the release of the Salman Khan starrer ‘Race 3’ that got maximum audience traction. #StandUpForGold was planned by Excel Entertainment, storyboarded by Xtrathin, executed by Trigger Happy. The impact of the same was seen
when the audience took to social media to share their opinion on this unique marketing move. The teaser was later launched digitally and it garnered similar response. The reaction video was shot by White Turtle Studios. After the teaser launch, Akshay Kumar took to Twitter to announce the trailer launch date and time to his fans.
Irrfan Khan was recently diagnosed with a rare disease, for which he got treatment in United Kingdom.
Actress Sonali Bendre Behl has cancer, says will fight the disease head on
Kingdom : While Bollywood was still expressing gratitude that Irrfan Khan has finally been treated after the attack of his rare disease, here comes another shocker for all!Bollywood actress Sonali Bendre Behl has been diagnosed with a high grade cancer, for which she is receiving treatment in New York currently. “Sometimes, when you least expect it, life throws
Ranbir’s Sanju crosses Rs 150 crore-mark in 5 days, all set to beat Salman’s Race 3 Mumbai: The adage goes, ‘Content is King.’ And the box office collections comparison of Ranbir Kapoor’s ‘Sanju’ and Salman Khan’s Race 3’ is the best example of it. Both the films took a thunderous opening at the box office, crossing the Rs 100-crore mark in the opening weekend itself. So far so good, but that’s the maximum star power can get for you. Then it’s the content which speaks, and it’s only positive word-of-mouth which can sustain you, something that the Rajkumar Hirani directorial has proved. So at a time ‘Race 3’ witnessed a downward trend due to negative reviews, from Rs 39 plus crores on Sunday to 14 on Monday, and fell to single-digit figures in the same week, ‘Sanju’ is still going strong. ‘Sanju’ dropped only marginally by Monday standards, minting Rs 25.35 crores and the fall on Tuesday, to Rs 22.10 crores, is also minuscule. And now the total stands at Rs 167.51 crores in five days, which is all set to surpass ‘Race 3’ tally of close to Rs 170 crores which it achieved in almost 20 days.
you a curveball. I have recently been diagnosed with a high grade cancer that has metastised, which we frankly did not see coming. A niggling pain led to some tests, which led to this unexpected diagnosis. My family and close friends have rallied around me, providing the best support system that anyone can ask for. I am very blessed and thankful for each of them.
Kim Sharma, known for the 2000 film Mohabbatein, allegedly mistreated her house help after she forgot to separate the whites in the laundry.
Police complaint filed against Kim Sharma for mistreating her house help
New Delhi : Kim Sharma, known for her debut film Mohabbatein, has landed in trouble after her house help Esther Khes filed a “non-cognisable offence” complaint against her. According to a report in Mumbai Mirror, this happened after Esther forgot to separate the
whites from the laundry. Esther started working at Kim’s house in April. In May, she forgot to separate the clothes in the laundry and washed a black blouse, which bled with the whites. Esther told the publication, “After the clothes were washed, I noticed that a
black blouse had bled into a white tee. I realised my mistake and went to tell her about it immediately.” Esther said that Kim flew into a violent rage, hurled abuses at her and allegedly pushed her out of the house. Esther also claimed that the actor did not settle her pay as well.
Amyra Dastur’s edgy look
New Delhi : Amyra Dastur will be seen in a new avatar in the Hindi remake of Deva Katta’s Telugu blockbuster, Prasthanam. Apparently the actress, who is playing an NRI in the film, sat with Deva Katta, who is directing the Hindi remake, to discuss her character’s look. “I love experimenting with my look. It’s our job as actors to bring a character to life and if that means changing look, then so be it. My co-stars in the film — Sanjay Dutt, Jackie Shroff, Ali Fazal and Manisha Koirala loved the look and said that it was ‘different and cool’.
‘I’m living my own biopic’: Kajol not keen on Sanju-style film, has no career regrets
New Delhi : Kajol has always been choosy about the films she picks, making sure that she never fails to impress. The actress says that she’s proud of the choices she’s made over the years.“In hindsight, I feel that my choices were definitely right. When I look back, sometimes I do feel that I could have done this or that, but I have no regrets,” says Kajol. With super hit films like Dilwale Dulhania Le Jayenge, Fanaa, and Kabhi
Khushi Kabhie Gham, etc., to her credit, the actress has been known to turn down many a script. “I don’t think I would have done anything differently. I am happy to see that it has all worked out for me,” she says. And though biopics seem to be the flavour of the hour, Kajol is not keen on seeing a film based on her life. “I don’t think I want anybody to make a biopic on me. I think I am living my life the way I want. I am living my own biopic,” the 43-year-old star concludes.
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Wimbledon 2018: Simona Halep enjoys first win as grand slam champion
London : Simona Halep, the newest member of the Grand Slam champions’ club, silenced a roaring Japanese army of supporters as she demolished Kurumi Nara 6-2 6-4 “on the most beautiful court in the world” to reach the second round of Wimbledon on Tuesday. Playing with a lighter load on her shoulders after winning the French Open title last month, Halep rolled back her arms and let the winners fly off her racket strings. “I was relaxed when I came here. I didn’t push myself. I didn’t put pressure on myself. I felt ready today,” Halep said with a smile after winning
her first match as a major champion. “I have expectations for myself, but not with the result. I feel ready to fight.” The Romanian world number one was broken once in the opening set and also faced two break points at 2-1 up in the second. A forehand winner and a Nara error allowed Halep to sidestep that pothole and she wrapped up victory when Nara smacked a forehand long. Like French Open men’s champion Rafael Nadal, Halep opted to rest her aching limbs following her win over Sloane Stephens in the Roland Garros final.
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SPORTS ROUNDUP
I need to be pumped up, but I don’t always go bonkers, says Virat Kohli
Wimbledon 2018: Rafael Nadal critical of 25-second shot clock plan
London : World number one Rafael Nadal took a swipe at plans to introduce a shot clock at Wimbledon next year after speedily moving past Israel’s Dudi Sela in the first round on Tuesday. The US Open has decided to introduce a shot clock this year so that the 25 seconds allowed between points is strictly enforced and Wimbledon is likely to follow suit. Former world number one Novak Djokovic later described that decision as “disrespectful” to the players. Nadal, who has often fallen foul of the slow-play rule during his career, said he could not support the move. “I’m 32. I don’t know for how long I’m going to play. Hopefully for a long time. But is
something that is not bothering me,” the Spaniard said when asked for his opinion in his news conference after a 6-3 6-2 6-2 win over Sela which took less than two hours on Centre Court. “In terms of the sport, depends. If you want to see a quick game without thinking, well done. “If you want to keep playing in a sport that you need to think, you need to play with more tactics, you want to have long and good rallies, then of course you are going the wrong way. “But seems like sometimes is only about the business, so… I can’t support this, no. Because I don’t feel the matches that stay for the history of our sport went that quick.”
Mumbai: ’India’s tour to England started on a positive note with the Virat Kohli-led side scripting an easy 8-wicket win over the hosts. Chasing a total of 160, India managed to reach the total with 10 balls to spare, losing only Shikhar Dhawan and Rohit Sharma on the way, with KL Rahul, who came in to bat at No. 3, scoring a century. Speaking at the postmatch presentation ceremony, Kohli explained the reasons behind him dropping down to the no. 4 batting position.“We haven’t changed a lot, I usually bat at three and have dropped to four, but this allows me to control the innings in the middle-overs. It
gives someone like KL the freedom to go after in the powerplay. We want our cricketers to be fearless, enjoy themselves just like what Kuldeep and he did today. We don’t want that mindset to change and want to provide a cushion behind them to go after. It may not work out well every time but we need to stick to it. We dropped Jos and we know how dangerous he can be. It was a moment where I felt we needed to hold on to everything and I got the opportunity to convert,” he said. He further added: “We are shuffling around keeping the World Cup in mind and that’s why KL went in at three and I went in at four.
Asian Games 2018: Primed to make a comeback, Dipa recalls days of pain The road to recovery has also demanded that the gymnast Dipa Karmakar works within her limitations, even if it means shelving the vault which made her a household name across the world.
New Delhi : Dipa Karmakar recalls the excruciating pain she experienced in her right knee with every step she took in the Durbar Hall of the Rashtrapati Bhavan. Dipa’s gingerly walk past seated politicians and peers was one of her most agonizing experiences. It happened just over a year ago — in April 2017 — but she still cringes when talking about it. Ten days earlier, the 24-yearold had undergone a surgery for
an Anterior Cruciate Ligament tear of her right knee. She was being awarded the Padma Shri by the president of India Pranab Mukherjee and she didn’t want images of her on a wheelchair being splashed in newspapers and broadcast on channels. So she decided to walk and receive the award. “As I walked past the prime minister Narendra Modi ji he asked me what happened to me,” Dipa recalled during a
Business
chat earlier this year. She took the help of a staff member of the Rashtrapati Bhavan to help her maintain her balance. “I underwent the surgery on April 2, and on April 11, I was in Delhi. I was to receive the Padma Shri on April 13. I could not walk and had to use crutches. Initially, I thought that I will use a wheelchair but didn’t like the idea of pictures of me being taken in such a position. After all, just a month ago I was
SME IPOs garner Rs 825 crore in April-June quarter
RBI issues license to Bank of China for operations in India
New Delhi: The Reserve Bank of India on Wednesday issued licence to Bank of China to operate in India, according to sources. According to reports, the decision was based on the commitment made by Prime Minister Narendra Modi to the Chinese leadership.Following this, the 106-year-old Bank of China will open a branch in India. Last month Prime Minister Narendra
Modi met Chinese President XiJinping ahead of the Shanghai Cooperation Organization (SCO) Summit in Qingdao, China. During the meeting, they discussed the issues of security, economic cooperation and people-to-people exchanges. The Bank of China (BoC) opened its first branch in South Asia in Pakistan’s Karachi last year.
New Delhi: Small and medium enterprises (SMEs) raised a staggering Rs 825 crore through initial public offerings in the first quarter of 2018-19, more than two-fold jump from the preceding financial year. Funds raised through initial public offers (IPOs) were meant for business expansion plans, working capital requirements and other general corporate purposes, according to offer documents. A total of 47 companies got listed with initial
shares-sale offers worth Rs 825 crore during April-June quarter of 2018-19 as compared to 24 firms which tapped the IPO route to garner Rs 310 crore in the same period of the previous year, as per the data provided by merchant banker. This reflects a significant rise in the amount raised through SME platforms of BSE and NSE. Further, average issue size also increased to over Rs 17 crore during the period under review from Rs 13 crore in the first quarter of 2017-18.
Amway bullish on India market; aims to achieve INR 6000crores revenue by 2025
New Delhi: Amway India, the country’s no.1 direct selling FMCG company, with ongoing celebrationsof successful completion of 20 yearsof business operations in India, reiterated commitment to the market and announced its 2025 plans. The company is bullish about the growth story of India and aims to rank amongst top 3 markets for Amway globally with the target revenue of INR 6000 crores by
2025. Commenting on the 20 years of success, Mr. Anshu Budhraja CEO - Amway India, said, “We are excited with the great business opportunity ahead of us in India. Industry reports highlight the immense business potential of the direct selling FMCG industry. The industry is expected to touch INR 65,000 Cr by 2025, clocking an almost six-fold growth from its current size, while providing entrepreneurship
opportunities to more than 18 million people of which 50% constitute women . We have registered a CAGR of 20 per cent
over the last 20 years which is testimony to the robustness of our business model and importance of the Indian market, which
ranks among the top markets for us. We are eyeing a three-fold growth in our business by 2025,fueled by innovations and digital penetration along with our strong directsellers network and focus on engaging young consumers.” With the increasing demand for the Vitamins and Dietary Supplements(VDS)* which has a current market size of INR 8400 crore and is poised to grow at 10%
in the next 5 years. Currently the Indian market only comprises of 2-3% share of the global market which offers immense growth potential. Amway shared a clear path towards its target 2025.Nutrition and Wellness being the biggest revenue driver, Amway is aiming to double the revenue of the category by 2025. The company is bullish about the robust growth prospects of the nutraceutical industry.
fit and strong and my fourth-place finish at the Rio Olympics was still fresh in people’s mind. So I decided I would walk. It was painful but at least the photograph looks good,” Dipa recalls. Since the start of this year, Dipa had been taking baby steps towards making a comeback. The gymnastics hall of the Indira Gandhi Indoor Stadium is where Dipa and her coach Bishweshwar Nandi had been based as they bid to get ‘competitionready’ for the Asian Games.
Cabinet led by Narendra Modi to decide on MSP hike today New Delhi: Amid the growing discontent with the NDA government’s policies among farmers in an election year, prime minister Narendra Modi here on Tuesday took stock of the situation and discussed financial implications of the proposed raise in MSP with the Niti Aayog and the agriculture ministry. The meeting, chaired by prime minister Narendra Modi, has come ahead of the Union Cabinet meeting on Wednesday which is likely to approve the minimum support price for kharif crops and raise paddy MSP by Rs 200 to Rs 1,750 per quintal to honour the announcement in the budget that the government would insure that farmers receive at least 1.5 times of the production cost of their produce. The meeting took up the financial implication of the proposed procurement mechanism of allowing farmers 1.5 times higher price than MSP on 23 crops. According to sources, senior officials of Niti Aayog made a presentation before the prime minister. While neither the government nor the Niti Aayog has given any estimate of the size of this extravaganza, experts estimate that it could be about Rs 1.15-1.45 lakh crore per year. According to
sources, the finance ministry is confident that the new measure would not lead to fiscal slippage and higher inflation. The outlay on MSP would not widen the fiscal deficit as the government is confident of receiving around Rs 13 lakh crore GST revenue this financial year. In a response to query from Financial Chronicle on the impact of the move on the economy, Pritam Patnaik, business head, Reliance Commodities, said the total cost to the government will be a function of market price for the crop. Quoting a study by the Indian Council for Research on International Economic Relations (Icrier), he said the range will be between Rs 5,50,000 crore and Rs 1.16 lakh crore, assuming the market price of crops was lower than MSP by 10-20 per cent. As per the Niti Aayog, Patnaik said the proposed increase in MSP will boost farmer’s income by 24 per cent. Whether the increased MSP would actually translates to higher income in the hands of farmers is to be seen, primarily because of the debate on the right cost formula as proposed by the government or the C2 formula as demanded by the farmer outfits, he added.
4 / Dt. 05-07-2018, thursday, Ahmedabad
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SpiceJet aircraft makes Gujarat govt forms committee emergency landing in Ahmedabad to help troubled power plants due to low cabin pressure Ahmedabad: In a move aimed governor S. S. Mundra and former to provide some respite to the beleaguered power projects of companies like Adani Power, Tata Power and Essar Power, Gujarat government has decided to form a high powered committee that will offer solutions for imported coal fired power plants that are underutilised due to viability issues. The committee chaired by former Supreme Court judge Justice R. K. Agrawal will look into the possibility of “contribution by each stakeholders including banks, project developers and procurers by way of concessions for mitigating hardship,” according to an order passed by the state government on Tuesday and seen by Mint. The committee will submit its report in two months. Apart from Justice Agarwal, former RBI deputy
Central Electricity Regulatory Commission chairman Pramod Deo will also be part of the committee to be assisted by SBI Capital Markets Ltd and NTPC Ltd. In June 2017,
Tata Power offered to sell 51% stake in its subsidiary 51% stake in its Coastal Gujarat Power Ltd (CGPL) unit, which runs the 4,000 megawatt (MW) Mundra power plant, for a token sum of Rs1 to discoms that have agreed to procure electricity from the project. Subsequently, Adani Power also offered to sell stake in its 4,620 MW power plant for Rs1, also located at Mundra.
JETRO to inaugurate ‘Business Support Centre’ in Ahmedabad, Gujarat, today Ahmedabad : Japan External Trade Organization (JETRO), an Independent Administrative Institution established by Japan Export Trade Research Organization as a nonprofit corporation in Osaka in February 1952, would open-up its ‘Business Support Center’ (BSC) in Ahmedabad, Gujarat, tomorrow. This fruitful result was the outcome of cordial and friendly relationship developed with Japan by Prime Minister Mr. Narendrabhai Modi since year-2003 when he was Chief Minister of Gujarat. As a result of his efforts, Japan had become “The Partner Country” of the host Gujarat state in Vibrant Gujarat Summit -2003. Japan’s 80 per cent businesses are presence in Gujarat. The opening of this centre would facilitate the Japanese industrialists to make investments and setting up industries in Gujarat. The Business Support Centre would be inaugurated in the presence of Chief Minister Mr. Vijaybhai Rupani, JETRO’s Chairman & CEO Mr. Hiroyuki Ishige, and Mumbai based Japanese Consulate General. It should be noted that the MoU for setting up BSC in Gujarat was signed during the visit of Japanese Prime Minister Mr. Shinzo Abe here in year-2017. The BSC to be made operational here would be the biggest business centre in India. The inaugural function for the BSC has been organized at Hotel Crown Plaza, City Centre, S. G. Highway in Ahmedabad at 10:30 am tomorrow.
Ahmedabad : Former Gujarat Congress MLA Bholabhai Gohel, who had joined the ruling BJP after the Rajya Sabha polls in August last year, rejoined the main opposition party on Gohel was re-inducted into the party by Gujarat Congress president Amit Chavda and Leader of Opposition in the assembly Paresh
Dhanani at a function held at state party headquarter here. He represented the Jasdan seat in Rajkot district in the assembly from 2012 to 2017. Incidentally, Gohel switched sides just hours after sitting Congress MLA from Jasdan, Kunvarji Bavaliya, quit the party and also the assembly seat, and joined the BJP.
Parsottam Solanki, who is a Minister of State for Fisheries in the Vijay Rupani government, had been openly demanding a Cabinet berth for himself, citing his seniority.
BJP’s Koli leader reminds party: Parsottam Solanki’s Cabinet status pending
international White House to celebrate Independence Day with live concert, firework show
Washington : President Donald Trump and First Lady Melania Trump are set for their second Fourth of July celebrations at the White House. With an afternoon lunch for military families, the celebration will be followed by the customary fireworks and a live concert on the South Lawn in the evening. “Hosted by the National Park Service and the National Park Foundation, the 90 minute event will feature live performances from musical artists Sara Evans, pianist Lola Astanova, former American Idol finalist Jax, recent American Idol finalist Jonny Brenns, “The President’s Own” United States Marines Band, The United States Navy Band Sea Chanters, and The United States Air Force Band’s Max Impact,” according to the White House. The concert will be live telecasted by Hallmark Channel. First Lady Melania Trump welcomed this addition to the annual celebration and said, ” Americans will be able to tune in from their homes and be part of the festivities.”
Former Malaysian premier Najib Razak charged with breach of trust, graft Rajkot : As Koli leader Kunvarji Bavaliya took oath as a Cabinet minister in the state BJP government on Tuesday, hours after quitting the Congress, the BJP’s lone Koli face till date — 56-year-old Parsottam Solanki — lay in a hospital bed in Mumbai due to renal complications. Parsottam, who is a Minister of State for Fisheries in the Vijay Rupani government, had been openly demanding a Cabinet berth for himself, citing his seniority. His younger brother, Hira Solanki, who lost the last Assembly elections on a BJP ticket, said that Bavaliya’s induction notwithstanding, the demand of the Koli community from Bhavnagar of cabinet minister status to Parsottam is still pending. “As a BJP worker, we welcome the decision of the
party to induct Bavaliya. It will double our strength. Pan Parsottambhai mate pan ame vichariye chhiye. Ame party ma kahishu ke temne mantripad aapyu chhey to Bhai ni pan-Parsottambhai Solankini pan magani chhe Cabinet mate (But we think that Parsottambhai should also be made a Cabinet minister. We shall tell the party now that he (Bavaliya) has been given a ministerial position, Parsottambhai’s demand for a cabinet berth is pending),” Hira told ness agancy.Hira, who had won election from Rajula seat in Amreli district for four consecutive times before losing his fifth bid in December last year, rejected the suggestion that Bavaliya’s entry into the BJP will affect their standing in the BJP.
Malaysia: Former Malaysian Prime Minister Najib Razak was charged on Wednesday with criminal breach of trust and corruption, two months after a multibillion-dollar graft scandal at a state investment fund led to his shock election defeat. He pleaded not guilty to all charges. “I claim trial,” he said in a barely audible voice as he stood in the dock at the High Court in Kuala Lumpur. Prosecutors demanded 4 million ringgit ($1 million) bail, but the judge set it at 1 million ringgit in cash ($250,000) and ordered Najib to surrender his two diplomatic passports. The patrician and luxury-loving Najib, wearing a suit and a red tie, appeared calm and smiled as he was escorted into the court complex. He was arrested Tuesday by anti-graft officials over a suspicious transfer of 42 million ringgit ($10.4 million) into his bank accounts from SRC International, a former unit of the 1MDB state investment fund that U.S. investigators say was looted of billions by associates of Najib.
Chief Minister Vijay Rupani hails Narendra Modi Political Churn: Government’s decision to raise MSP, will double Bholabhai Gohel back the farmers’ income and that of farm sector in Congress as Kunvarji Passengers rescued from stricken
A h m e d a b a d , Wednesday: Gujarat Chief Minister Vijay Rupani today welcomed the Narendra Modi Government for increasing the Minimum Support Price (MSP) for various crops by 1.5 to 2.0 times. He thanked the Central Government on behalf of the
Gujarat’s farmers.He described the decision as golden sunrise for the nation’s farmers. He said the Narendra Modi Government at the Centre had taken several steps to provide remunerative prices for the hard toil of the tillers, including crop insurance scheme and treating
each village as a unit. He said the previous UPA Government had consistently ignored the welfare of the farmers, which led to suicide. Mr. Rupani said the Centre’s decision would help farmers double the farmers’ income and also that of the farm sector.
CM Mr. Vijaybhai Rupani honoured NRG, Dr. Sudhir Parikh for his cultural services Ahmedabad : Gujarat Chief Minister Mr. Vijaybhai Rupani today honoured Dr. Sudhir Parikh, a non-resident Gujarati, for his services to the society and social responsibilities. Accolading honour to Dr. Parikh at a function organized by Akhil Bharatiya Sahitya Parishad, Gujarat, in Gandhinagar, Mr. Rupani asserted that this is not to honouring a person but to his services and social responsibilities towards the society. Dr. Parikh was honoured by offering a memento, a shawl,
and sutra-mala. Dr. Parikh has made a notable contribution in providing employments to innumerous women and education in over 71-schools. He is also active in availing the modern education at the universities in Gujarat, Mr. Rupani praised. The function was also graced by minister of state for youth and cultural activities Mr. Ishwarsinh Patel, Parishad’s national secretary Mr. Shreedhar Paradkar, state president Dr. Prataprai Pandya, Dr. Naresh Ved, Dr. Balwant Jani and others.
Bavaliya exits
Ahmedabad : Within hours of senior Congress leader Kunvarji Bavaliya joining the BJP and being sworn-in as a minister in the Vijay Rupani cabinet on Tuesday, former Congress MLA Bholabhai Gohel, who had joined the BJP after the Rajya Sabha polls in August last year, rejoined the Congress. Gohel was re-inducted into the party by state Congress president Amit Chavda and Leader of Opposition in the Assembly Paresh Dhanani at a function held at state party headquarters in Gandhinagar. The Congress also lost no time in announcing Gohel’s candidature for the Jasdan Assembly seat, which has fallen vacant after the incumbent MLA, Bavaliya, resigned from the House as well as the Congress. The
bye-election for the Jasdan seat will be held within six months, and it is very likely that Gohel will be pitted against his former mentor Bavaliya who will have to win the bypoll to continue as a minister. Gohel, 42, who had won from Jasdan in 2012 on a Congress ticket, was once a trusted aide of Bavaliya. However, in August last year, Gohel was among the eight Congress MLAs who had voted against Ahmed Patel, their party’s candidate, in the Rajya Sabha polls. In fact, it was Goh l and another Congress MLA Raghavji Patel who had shown their ballots to BJP election agents that led to the Election Commission invalidating their votes and helped Ahmed Patel to scrape with a slender margin. Bavaliya had then called Gohel a “traitor”.
Indonesia ferry, 31 dead
Jakarta “ Passengers trapped for a night on a stricken ferry off the Indonesian island of Sulawesi were rescued early Wednesday, officials said, as the death toll rose to 31 with three people missing and believed drowned inside the vessel. The latest in a succession of boat tragedies in Indonesia began on the same day that officials called off a search for 164 people presumed drowned when a wooden ferry sank on June 18 in a deep volcanic crater lake on the island of Sumatra. The Sulawesi ferry, with 139 passengers aboard according to its manifest, began sinking Tuesday afternoon in rough seas. In a desperate bid to save lives, the vessel’s captain steered it toward shore, grounding it between 200-300 meters (985-655 feet) from land. Indonesia’s director-general of sea transportation, Agus Purnomo, said in a statement that people trapped on the ferry overnight were rescued early Wednesday. He didn’t specify how many but said the captain and the boat owner were the last two people to leave the vessel. Amiruddin, chief of the South Sulawesi search and rescue agency, said there were 164 people on the vessel including crew. Amiruddin, who uses one name, said 130 survived. “We are still searching for three others who we strongly believe are still inside the ship,” Amiruddin said.
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