Current match extremely well poised, says R Ashwin
Zareen Khan files FIR against former manager page no. 02
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ENGLISH DAILY MORNING REPUTED NEWS PAPER, AHMEDABAD EDITION Editor : Kapilkumar M. Hirpara
Short News SC notice to ED on Mallya’s plea challenging Mumbai court proceedings
New Delhi : The Supreme Court Friday issued a notice to the Enforcement Directorate on industrialist Vijay Mallya’s plea challenging the ongoing proceedings in a Mumbai court to declare him a fugitive economic offender. The fugitive tycoon was arrested in the UK last year and immediately granted bail. He has been facing trial since December last year, in which Indian agencies have sought for him to be extradited to face charges, including money-laundering. SC issues notice on Vijay Mallya plea to stall proceedings initiated by Enforcement Directorate to declare him a fugitive. Earlier this month, counsel for Mallya had said that the businessman cannot be termed a “fugitive economic offender”, as he was arrested in the United Kingdom and is facing an extradition trial there.
Nitin Gadkari faints on stage in Maharashtra, later tweets he’s doing well Union Minister for Road Transport and Highways, Nitin Gadkari, fainted during a public event Friday in Maharashtra’s Ahmednagar district. The minister was attending the convocation of an agricultural university in Rahuri, and fainted while the national anthem was being sung, an official said. Soon after the incident, Gadkari took to Twitter to say that he was fine. “Had slight medical condition due to low sugar. I have been attended by doctors and I am doing well now. I thank all of you for all the well wishes,” he tweeted. Delhi Chief Minister Arvind Kejriwal and several other leaders inquired about Gadkari’s health and wished him a speedy recovery. Maharashtra Governor Ch Vidyasagar Rao, who was also at the event, supported Gadkari and helped him get up. Gadkari was then examined by doctors, an official said.
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december 08, 2018, saturday
In a first-of-its-kind experiment in the state, the polling staff and security personnel at 259 out of the state’s total 51,687 polling booths are all women.
Rajasthan polls: All-woman polling booths evoke mixed response Jaipur : The Election Commission’s move to set up all-woman booths for the assembly polls in Rajasthan received a mixed response with the voters giving it a thumbs up but the polling staff expressing some reservations. In a firstof-its-kind experiment in the state, the polling staff and security personnel at 259 out of the state’s total 51,687 polling booths are all women. Fifty of these booths have been set up in Jaipur alone. Both men and women can caste votes at these booths. Women voters lauded the initiative. “The all-woman polling centres is a good initiative towards
representation of women in the electoral system,” a voter, Preeti Mathur, said. “It was good to see women managing the electoral work. It was
a different experience this election,” another voter, Urmila Jain, said. The women officials, however, complained that their
security and logistics issues have been ignored. “It is indeed a good initiative. We are getting a chance to learn about the electoral system, but it would have been better if there was male support staff to carry and deposit the voting machines,” Chandrika Warde, presiding officer of a polling centre set up at Government Girls School in Gandhi Nagar area here, said. Presiding officer of another polling booth, Hemlata Saini, too said support staff should have been provided to deposit the voting machines. Several others expressed similar sentiments.
Madras HC stays Sri Sri Ravi Shankar’s Kerala: Father, CPI(M) youth wing leader Art of Living event at UNESCO site
New Delhi : The Madurai bench of the Madras High Court Friday stayed the twoday event of Sri Sri Ravi Shankar’s Art of Living at Brihadisvara temple in Tamil Nadu’s Thanjavur district. The event was proposed to begin from today. The temple is a UNESCO World Heritage site where private functions are prohibited. The event had triggered a row over the initial permission granted by the Archeological Survey of India to hold it in the temple premises. The HC order came on a Public Interest Litigation (PIL) filed by
among 12 arrested for sexual assault of minor
Venkatesan of Kumbakonam on Friday, stating that the event organised by AOL affects the sanctity of the temple and should be banned. After hearing the petition on Friday afternoon, the judges said the Archaeological Survey of India shouldn’t give permission to organise such events at temples that come under its jurisdiction.
Lawyer fined Rs 50k for filing PIL against Arun Jaitley
Himachal reels under intense cold, Lahaul-Spiti hits -10 degrees Celsius
Shimla : Himachal Pradesh is reeling under intense cold following a fresh spell of snowfall with temperatures in tribal Lahaul and Spiti district hitting a low of nearly minus 10 degree Celsius, the Meteorological Department said. The mercury in Kinnaur district and tourist destination Manali has also dropped below the freezing point. Keylong, the administrative headquarters of Lahaul and Spiti district, has recorded the lowest temperature in the state at minus 9.9 degree Celsius between 5.30 pm Thursday and 8.30 am Friday, said Shimla Meteorological Department’s director Manmohan Singh. The minimum temperature in Kalpa in Kinnaur district was recorded at minus 3.8 degree Celsius, he added. Manali in Kullu district recorded a minimum temperature of minus 2.2 degree Celsius, whereas in state capital Shimla the mercury dropped to 4.7 degree Celsius. Kufri saw a minimum temperature 2 degree Celsius and Dalhousie was at 3.4 degree Celsius, the officials said. Higher reaches of the state including Lahaul-Spiti, Kinnaur and Kullu districts received a fresh spell of snowfall on Thursday. Following the heavy snow.
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The bench, comprising Chief Justice Ranjan Gogoi and Justice S K Kaul, also directed the apex court registry not to allow Sharma to file any PIL till he deposits Rs 50,000.
New Delhi : The Supreme Court Friday dismissed a PIL raising allegations against Finance Minister Arun Jaitley of plundering the capital reserve of the Reserve Bank of India. The apex court also imposed a penalty of Rs 50,000 on advocate M L Sharma, who had filed the public interest litigation. The apex court slammed lawyer M L Sharma for naming Finance Minister Arun Jaitley in the PIL. “You file PIL naming the Fin Min and saying he was likely to plunder RBI resources…?”, the court asked. Supreme Court expressed displeasure that the advocate made the finance minister as the main party in the PIL. The bench
further said, “What is this PIL? You cannot go on with such misadventure. What exactly is this? You are saying the finance minister is plundering the capital reserve of the RBI. You are not bringing honour to this institution. Why do we permit you to go ahead with this PIL.” The bench, comprising Chief Justice Ranjan Gogoi and Justice S K Kaul, also directed the apex court registry not to allow Sharma to file any PIL till he deposits Rs 50,000. “We find no reason whatsoever to entertain this PIL,” the bench said. The top court imposed the cost as the advocate continued with the argument after dismissal of the PIL.
New Delhi :Twelve people, including a local DYFI leader, have been arrested in connection with the alleged sexual assault of a schoolgirl by several men for a number of days at various places in Kannur district after enticing her through social media, the police said Friday. The girl’s father was also among those arrested, a police official said. The Democratic Youth Federation of India (DYFI) is the youth wing of the CPI(M), the ruling party in Kerala. “Sixteen FIRs have been lodged in five different police stations… we believe there are over 20 accused. We are questioning more people,” Kannur SP Shiv Vikram told PTI. The incident came to light in the first week of December after one of the accused called the victim’s brother and demanded Rs 50,000 threatening that he had some nude shots of the girl and would post it on social media. According to police, the brother was allegedly beaten up by the accused at Palakkad, where he had gone to confront him.The accused had got in touch with the girl, a student of class 10, by creating a fake profile of a woman on social media. On November 19, she was taken to a lodge at Parasinikadavu, a temple town on the banks of Valapattnam river in the district and allegedly sexually assaulted by four people, police said, adding the lodge manager was arrested for failing to inform police about the offence.
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Assembly polls: Over 72% turnout recorded in Rajasthan, 67% in Telangana
Jaipur : After a highdecibel election campaign, voting has concluded for Rajasthan and Telangana. A turnout of 72.7% was recorded Rajasthan and 67 per cent in Telangana. Voting for 119 constituencies in Telangana began at 7 am, while it started at 8 am for 199 out of 200 seats in Rajasthan. Voting in Alwar district’s Ramgarh constituency has been postponed due to the death of Bahujan Samaj Party (BSP) candidate Laxman Singh. In Rajasthan, over 4.75 crore people cast their vote and over 2,000 candidates are in the fray for 199 assembly seats. Voting was held at 51,687 polling booths,
259 of them managed exclusively by women officials and security personnel. The polling will determine whether the BJP bucks antiincumbency and an increasingly aggressive Opposition to return to power. In Telangana, meanwhile, over 2.8 crore voters, 1.41 crore men and 1.39 crore women including 7.04 lakh voters under the age of 20, exercised their franchise in 32,815 polling stations. About 1 lakh police personnel, including 25,000 central paramilitary forces and 20,000 from other states were on poll duty in the state.
After summons to Robert Vadra, ED raids firms linked to him
This comes two days after Vadra termed ED’s summon in the case as a “political witch-hunt” and alleged that government departments were operating on an “agenda to besmirch” his reputation. New Delhi : The Enforcement Directorate on Friday conducted searches at three locations in Delhi connected to close aides of Congress president Rahul Gandhi’s brotherin-law Robert Vadra. The raids were conducted in connection with financial assets held abroad. Raids were also conducted at locations in Bengaluru, according to Enforcement Directorate (ED) officials. The agency claimed that searches against Vadra’s associates were conducted over alleged commission received by accused in defence deals. “They have locked our people of Skylight
hospitality inside, they are not allowing anyone to go inside. Is this Nazism? Is this a jail?” Suman Jyoti Khaitan, a lawyer representing Vadra, told reporters outside one of the locations that the ED raided. “It has been 4.5 years and they found nothing, so now they are locking us outside and planting and fabricating evidence,” the unnamed lawyer was quoted as saying by ANI. The raids come two days after Vadra was issued a summons by the investigating agency, which he termed as a “political witchhunt”.
In September, India had rejected Pakistan’s proposal to hold foreign ministers’ level talks in New York on the sidelines of the United Nations General Assembly.
India’s ruling party anti-Muslim, anti-Pakistan: Imran Khan
islamabad : Pakistan Prime Minister Imran Khan has called the “ruling party” of India -- the Bharatiya Janata Party (BJP) -“anti-Muslim and anti-Pakistan”. “The ruling party [of India] has an anti-Muslim, anti-Pakistan approach,” said Imran in a recent interview to a top US daily. He said India dismissed his suggestion of peace talks because of upcoming elections. “Let’s hope that after the election is over, we can again resume talks with India,” he said. Speaking about the 2008 Mumbai terror attacks, Imran said that he also wants something done about
the attackers of Mumbai. “I have asked our government to find out the status of the case. Resolving that case is in our interest because it was an act of terrorism,” he told the Washington Post. Soon after taking charge of Pakistan as its prime minister in August this year, Imran Khan had said that he was ready for
peace talks with Prime Minister Narendra Modi. Pakistan had also sent a proposal in September to hold foreign minister-level talks in New York on the sidelines of the United Nations General Assembly. India, however, had accepted and then rejected the proposal within 24 hours blaming Islamabad for killing of a security personnel in Jammu and Kashmir and accusing it of glorifying terrorism. Calling India’s decision “arrogant”, Imran had tweeted: “Disappointed at the arrogant & negative response by India to my call for the resumption of the peace dialogue.
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saturday, 08 december, 2018
Maximizing India’s development finance
The Fourth Industrial Revolution, along with internet penetration and access to smartphones, has changed the outlook of people everywhere. Everyone can see how others live and this has raised their aspirations and expectations. People are demanding improved infrastructure to meet their aspirations. This aspiration is particularly acute in the developing world, given the poor infrastructure and huge development financing needs. It is estimated that infrastructure investments needed in energy, transport, telecommunications, water and sanitation, education, and health projects will amount to more than 5% of gross domestic product (GDP) in developing countries. Meeting the financing gap needed for infrastructure services will be one of the biggest challenges in development. Unlike in the UK and the US, in developing economies, nearly 70% of the funding for infrastructure projects comes from the government budget, 20% from private players, and 10% from multilateral development banks. In the developed world, the financing mix of infrastructure projects is very different, with less than 40% being funded by governments and the private sector contributing more than 50% of financing needs. While the infrastructure financing gap is huge in the developing world, the potential for attracting private investment for infrastructure projects is also huge. The basic traits of infrastructure projects, such as market size, long-term steady revenue stream, and investment returns that exceed inflation, make them attractive for institutional investors. The funds managed by institutional investors in Organization for Economic Cooperation and Development (OECD) countries exceed $100 trillion. Their allocation to emerging-market infrastructure projects is tiny. Many developing countries have launched programmes to attract private investments into infrastructure projects. India has experienced a rapid increase in the number of public-private partnership (PPP) infrastructure projects during the last two decades. The government has established institutional structures in the ministry of finance and line ministries to scale up PPP projects. A fast-growing economy and public-sector capabilities to prepare, procure and implement PPP projects have played a key role in creating markets and improving efficiency gains. The electricity and road sectors have attracted the lion’s share of PPP investments in India.
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Bollywood Sushant and Sara’s film to
Kedarnath box office collection prediction: Trade analyst Girish Johar feels Abhishek directorial Kedarnath, starring Sushant and Sara, may have an average start.
Zareen Khan files FIR against former manager
Mumbai : Bollywood actor Zareen Khan has filed an FIR against her former manager Anjali Atha. Zareen filed the FIR at Khar police station on Thursday, the actor’s advocate Rizwan Siddique confirmed to indianexpress.com. Siddique added that Anjali Atha was trying to tarnish Zareen Khan’s image. Rizwan Siddique said, “To protect my client Ms. Zareen Khan’s name,
image, reputation and dignity from any harm, and also for other willful criminal offences indulged in by my client’s erstwhile Manager Ms. Anjali Atha, my client was constrained to register an F.I.R. today with Khar Police Station. As the nature of the complaint is privileged and confidential I would therefore not like to disclose any facts pertaining to the same.
New Delhi : After being embroiled in several controversies, Sara Ali Khan and Sushant Singh Rajput starrer Kedarnath will finally see the light of day today. Going by the word of trade analysts, the film is expected to open with decent numbers at the box office. Trade analyst Girish Johar feels the Abhishek Kapoor directorial may have an average start. It might mint Rs 5-6 crore on its opening day. Talking to indianexpress.com, Girish said, “Set against the devastating
Gold actress Mouni Roy roped in for a special song in KGF
New Delhi : After stepping in Bollywood with Excel Entertainment’s Gold, TV Sensation Mouni Roy will be seen sizzling on the big screen again with Excel Entertainment’s KGF. The actress will be seen recreating Sangeeta Bijlani and Jackie Shroff’s ‘Gully Gully Mein Phirta Hai’ from their 1989 film Tridev for the much ambitious magnum opus project KGF. Mouni Roy will be shooting for the song on December 7 and 8 at a Goregaon studio. The actress will have three look changes and will be seen grooving with Yash. The new version is a party track recreated by Tanishk Bagchi. After winning hearts with the trailer, Excel Entertainment released the second unit of the trailer on Wednesday which received a great response from the audience.
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Sonali writes an emotional note for sister Rupa
New Delhi : Sonali Bendre has dedicated a heartwarming Instagram note to her sister, Rupa Randive, thanking her for her care and support throughout her cancer treatment. Quoting Australian poet Pam Brown, Sonali wrote: “An older sister is a friend and defender – a listener, conspirator, a counselor and a sharer of delights. And sorrows too.” Sonali Bendre, known for movies like Sarfarosh, Hum Saath-Saath Hain and Duplicate, had been undergoing treatment for cancer in a New York hospital for the last five months. She
earn Rs 5 crore on Day 1
had revealed on social media in April about her diagnosis. She returned to India on December 3. “Rupa Tai has been all this and more,” wrote Sonali after the quote. She further said, “She dropped everything in a heartbeat to be with me on this journey. She has been my
rock…my person… Rupa Tai was involved in my journey from when I was diagnosed to the time I was deciding the course of treatment to packing her bags and coming with me to New York. She was there from getgo.” She added, “Her transition from one role to another was seamless. A dictator when I needed to eat right or take my meds or an empathetic counselor alternating between giving advice and offering silent support when all I needed was to be alone with my thoughts. She was around. She was with me and by me, at all times.”
Singer Mika Singh released in UAE
Dubai : Mika Singh, who was arrested after a 17-year-old Brazilian model lodged a complaint about the singer sending inappropriate pictures, was released following intervention of the Indian Embassy. Mika was released on Thursday night following the intervention of the Indian Embassy in Abu Dhabi, Navdeep Singh Suri, the Indian
Ambassador to the UAE, told Gulf News. Suri said Mika is expected to appear in a court later, reports gulfnews.com. The envoy said although Mika was arrested in Dubai, the police took him to Abu Dhabi as the complainant was holding an Abu Dhabi residence visa. The singer was arrested in the UAE on Thursday for sending lewd pictures to the Brazilian teenager.
2013 Uttarakhand floods, Kedarnath is a fictitious love story and this genre has always clicked with the audience. So, it is expected to pull people and earn Rs 5-6 crore on the day of its release.” Mentioning the factors that will help Kedarnath, Johar added, “Sushant and Sara are the driving force of the film. While Sushant is on his way to becoming one of the superstars of the country, Sara is also an aspiring star. She has been a big craze among the youth.
Hollywood buzz Kevin Hart steps down as Oscars host after outcry over old tweets
New York : Just two days after been named host of the Academy Awards, Kevin Hart has stepped down following an outcry over past homophobic tweets by the comedian. Capping a swift fallout, Hart wrote on Twitter just after midnight Friday that he was withdrawing as Oscars host because he didn’t want to be a distraction. “I sincerely apologize to the LGBTQ community for my insensitive words from my past,” wrote Hart. Hart stepped aside just about an hour after refusing to apologize for tweets that resurfaced after he was announced as Oscars host on Tuesday. In a video on Instagram, Hart said the Academy of Motion Pictures Arts and Sciences gave him an ultimatum: apologize or “we’re going to have to move on and find another host.” “I chose to pass on the apology,” Hart said. “The reason why I passed is because I’ve addressed this several times.” The film academy didn’t respond to messages Thursday evening.
Aquaman sequel already in the works?
There were reports that Madhuri Dixit Nene might contest the Lok Sabha elections from Pune for the Bharatiya Janata Party, but her spokesperson has denied all such claims.
Madhuri Dixit will not contest next Lok Sabha elections: Spokesperson
Mumbai : There were reports that actor Madhuri Dixit Nene might contest the Lok Sabha elections from Pune for the Bharatiya Janata Party (BJP) but her representative has denied all such claims, saying that they are false.A report claimed that Madhuri’s name has been shortlisted for the Pune Lok Sabha seat. But Madhuri’s spokesperson denied the reports. “This news is false and speculative,” the spokesperson told IANS. Madhuri, who entered the industry in 1984 with Abodh, has remained a pivotal part of the Indian entertainment
industry and has enthralled fans through meaty roles in films like Tezaab, Ram Lakhan, Dil, Beta, Hum Aapke Hain Koun..!, Anjaam, Mrityudand, Pukar, Dil To Pagal Hai and Devdas. She also starred in Gulaabi Gang. She took a break after marriage and returned to Bollywood with Aaja Nachle in 2007. At the moment, she is busy with Kalank and Total Dhamaal. There were reports that Madhuri Dixit Nene might contest the Lok Sabha elections from Pune for the Bharatiya Janata Party, but her spokesperson has denied all such claims.
Los Angeles : Aquaman sequel is already in early development at DC and Warner Bros. According to a profile on Aquaman’s female lead actor Amber Heard in The Hollywood Reporter, Warner Bros Pictures Group chairman Toby Emmerich is confident enough that the film will definitely earn a sequel. No writer has been finalised yet. This is unusual, as although the early predictions about the movie’s box office performance are good, the reality may turn out to be very different depending on critical reception and audience response. Aquaman is the first DC film since Justice League, which was a huge disaster for Warner Bros’ DC brand. There were shake-ups of the top brass at DC films.
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SPORTS ROUNDUP
Aus vs Ind: We’re still fighting and still in the contest, insists Marcus Harris
The opener though said that they are still in the game on account of being just 59 runs behind India’s first innings’ score of 250. Adelaide: Australia are “still fighting, still in the contest”, debutant Marcus Harris insisted Friday, after India nosed ahead by snaring seven wickets and leaving the hosts with some rallying to do in the first Test. The opener though said that they are still in the game on account of being just 59 runs behind India’s first innings’ score of 250. At the same time he praised the Indian attack for keeping things tight and restricting them to 191 for seven at stumps. “I thought they bowled really well - the run rate’s only two and a bit, so I thought they bowled really well. We stuck at
it pretty well. It was a tough day. It wasn’t easy to score, so I thought we fought well. “Travis Head batted well, Peter Handscomb looked good and Mitchell Starc batted well at the end. I think we’re in a decent position,” Harris said. He said that Australia did want to get on the front foot and attack but the Indian bowlers kept relentless pressure to force them into fending off overs. “You can only put bowlers under pressure if they give you opportunity to put them under pressure. The wicket doesn’t let you play like that.
Business
Sensex rebounds 361 points on positive global cues; Kotak Bank up 9 pc
Mumbai: Benchmark indices broke their three-day falling streak Friday driven by strength in global equities, sliding crude prices, recovering rupee and a surge in Kotak Bank shares on reports that Berkshire Hathaway was planning to pick up stake in the lender. The BSE Sensex rallied 361.12 points, or 1.02 per cent, to close at 35,673.25. Similarly, the broader NSE Nifty jumped 92.55 points, or 0.87 per cent, to 10,693.70. Kotak Mahindra Bank was the biggest gainer on both
the indices, ending nearly 9 per cent higher following reports that Warren Buffett’s Berkshire Hathaway Inc was planning to pick up stake in the private sector lender. According to media reports, Berkshire Hathaway may invest between USD 4 billion and USD 6 billion in the lender by buying promoter stake or through a preferential allotment. Other gainers included Adani Ports, Bajaj Auto, Infosys, Asian Paints, Maruti, HUL, L&T, M&M, ICICI Bank and Reliance Industries, rising up to 3 per cent.
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A relentless Indian bowling attack restricted Australia to 191 for seven on the second day.
Australia vs India 1st Test: Current match extremely well poised, says R Ashwin
Adelaide: Far from getting excited after having Australia in a spot of bother, India off-spinner Ravichandran Ashwin said Friday the first Test is “extremely well poised” and every run in the remaining days will be worth its weight in gold. A relentless Indian bowling attack restricted Australia to 191 for seven on the second day. “I thought we really bottled them up, soaked them up and put on pressure from both ends,” said Ashiwn, the most successful visiting bowler with figures of 3/50. “We don’t isolate it as a fast bowling or spin bowling pack. We identify it as a bowling unit together because one cannot exist without the other. Today was another perfect attrition day for us,” he said at the post-match press conference. Australia trailed by 59 runs and Ashwin said the Test was still on
equal terms. “I bowled an extended 22-over spell even before and after tea to make sure that we do not give away more runs. “I see it as neckand-neck in the game. Whoever can get momentum from hereon has the edge in this Test. I think it is extremely well poised. Every
run is going to be gold dust from here.” About the pitch condition, he said, “I thought there was a bit more stickiness yesterday and the speed has definitely come down. When we were batting yesterday I don’t think it was as slow as it was today.
New Zealand beat Pakistan in third Test to win historic series
Abu Dhabi: New Zealand beat Pakistan by 123 runs on the fifth day of the third and final Test on Friday to win the three-match series 2-1. Pakistan were set 280 runs to win, but were dismissed for 156 in 56.1 overs with spinners Ajaz Patel taking 3-42 and Will Somerville collecting 3-52 in Abu Dhabi.It was New Zealand’s first away series win against
Pakistan since their 1-0 win in Pakistan in 1969. Pakistan’s Babar Azam top-scored with 51. New Zealand won the first Test by four runs in Abu Dhabi while Pakistan were victorious in the second by an innings and 16 runs in Dubai. It was New Zealand’s first away series win against Pakistan since their 1-0 win in Pakistan in 1969.
Shoaib, who was appointed as Pakistan’s fielding coach during 2014-15, was removed after a short span of time.
Shoaib Mohammad blows whistle on PCB’s working, slams Najam Sethi Lahore: Former Pakistan cricketer Shoaib Mohammad on Thursday alleged Pakistan Cricket Board, under its ex-chairman Najam Sethi, of denting his track record. Shoaib, who was appointed as Pakistan’s fielding coach during 2014-15, was removed after a short span of time. “I was given fielding coach role in 2014-15 on a short notice and I did quite well. However, out of nowhere, I was removed from the role which was surprising for me. I don’t have any clue what Najam Sethi was thinking which made me extremely angry. He dented my track record,”
Gold prices dip on sluggish buying by jewellers
New Delhi: Gold prices on Friday slipped by Rs 20 to close at Rs 32,100 per 10 gram in the bullion market here due to subdued buying by local jewellers. Silver, on the other hand, gained Rs 75 to close at Rs 37,700 per kg on higher demand from industrial units and coin makers. Traders said subdued demand from local jewellers amid flat global market pulled down gold prices. In the national capital, gold of 99.9 per cent and 99.5 per cent purities fell by Rs 20 each to close at Rs 32,100 and Rs 31,950 per 10 gram, respectively. However, sovereign gold held steady at Rs 24,900 per piece of 8 gram. Globally, gold remained almost flat at USD 1,238.80 an ounce and silver was near unchange at USD 14.44 an ounce in New York yesterday. Meanwhile, silver ready rose by Rs 75 to Rs 37,700 per kg, while weekly-based delivery fell by Rs 44 to Rs 37,206 per kg. Silver coins, however, maintained the previous levels at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
HPCL would continue to buy Iranian oil on a regular basis during the waiver period.
HPCL to buy Iranian oil in Jan after six-month gap: sources
New Delhi: State-run Indian oil refiner Hindustan Petroleum Corp will buy Iranian crude in January after a gap of six months, with the nation’s overall purchases from Tehran at 9 million barrels in the month, four industry sources said. The United States in early November granted India a sixmonth waiver from sanctions against Iran’s oil exports. Under the agreement, New Delhi must restrict its Iran oil purchases to 1.25 million tonnes, or 9 million barrels. As part of the deal, HPCL will lift 1 million barrels of Iranian crude oil in January, one source with knowledge of the matter said, asking not to be named due to the political sensitivity of Iran sanctions
It was unclear whether HPCL would continue to buy Iranian oil on a regular basis during the waiver period. HPCL had halted Iranian oil purchases in July
The national carrier had collected Rs 291 crore as lease rentals from the property between FY13 and January 2018.
LIC, GIC show interest in buying Air India building in Mumbai
Mumbai: Even as the government is yet to take a call on putting the 23-storeyed Air India Building in the Nariman Point business hub of south Mumbai on the block, many PSUs such as LIC and GIC have evinced interest in the prime property, a senior airline official said on Friday. It can be noted that LIC and GIC have their headquarters in the proximity to the Air India building here, which also happens to be the erstwhile headquarters of the national carrier. “No decision has been taken so far on selling the Air India building. But some companies, majorly the public sector undertakings such as LIC and GIC have shown considerable interest in it. This is apart from JNPT,” the official said. The national carrier had collected Rs 291 crore as lease rentals from the property between FY13 and January 2018. The government had in June started discussions for sale of the iconic tower to Jawahar Lal Nehru Port Trust (JNPT) as part of Air India’s asset monetisation plans.
Shoaib said, according to Express Tribune. “Whenever the board is desperate to find a neutral member for a selection committee, they get in touch with me. Every time, I’ve been given this role in these situations,” he added. Recalling his team selection for 2009 World T20, which Pakistan won by 8 wickets in the finals against Sri Lanka, Shoaib said although the team succeeded, it was disappointing that the selection committee was dissolved soon after “Abdul Qadir went to Abu Dhabi while Saleem Jafar went to Karachi for personal work.
after its insurance company refused to provide coverage for the crude because of US sanctions, although its chairman said last month that HPCL may resume buying
Iranian oil under sanctions waivers. Indian Oil Corp the country’s top refiner, will lift 5 million barrels of Iranian oil in January compared to 6 million this month.
NCLT directs Era Infra RP to admit ICICI Bank as financial creditor
New Delhi: The National Company Law Tribunal (NCLT) on Thursday directed the resolution professional of Era Infrastructure India to admit ICICI Bank as a financial creditor under the insolvency proceedings. The resolution professional (RP) had declined to accept ICICI Bank’s claims worth Rs 700 crore. A two-member principal bench of the NCLT also directed the RP to grant ICICI Bank a proportional voting share in the Committee of Creditors (CoC). “The corporate debtor is liable to repay the amount granted by the ICICI Bank to Era Infra and Dehradun Highway Project as a Financial debt as per the provisions of the code,” said the NCLT bench headed by President Justice M M
Kumar. NCLT had started insolvency proceedings against Era Infrastructure in May 2018 and appointed an RP for the company. The RP had denied the claims of ICICI Bank. “As a consequential relief, a direction is issued to RP to revise the list of financial creditors of the corporate debtor by including the claims of ICICI Bank with respect to the facilities granted to Era Infrastructure and Dehradun Highways Project Ltd amounting to Rs 700 crore and credit the applicant ICICI Bank in the CoC by adding the aforesaid claims,” the order said. It further added: “It shall also grant the applicant its voting share in the CoC in proportion to such claims with all consequential benefits arising therefrom.
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Gujarat: FIA’s protest meet now ‘Sneh Milan’ with Chief Minister
Ahmedabad : A proposed “protest” meeting of Federation of Industries and Associations (FIA-Gujarat) — an umbrella organisation of 110 smaller associations— scheduled to be held in midDecember has now been turned into a “Sneh Milan” with Chief Minister Vijay Rupani scheduled to attend it. FIA had planned to pass a resolution at the December 16 meeting to boycott the upcoming “Vibrant Gujarat Summit”
after repeated representations to sort out issues plaguing the MSME units fell on deaf ears of state government. On Friday, after a two-hour-long meeting at CM’s residence in Gandhinagar, Ajit Shah, vice-president of FIA (North Zone) told The Indian Express, “Most of the issues have been sorted out. CM will make an announcement regarding the decisions taken on December 12. So, now that there is nothing
left to protest.” The move to placate representatives from the MSME sector comes ahead of the Vibrant Gujarat Summit. The issues that were discussed included those related to quicker grant of environment clearances, treatment of effluents, policies of GIDC, among others. FIA had planned to pass a resolution at the December 16 meeting to boycott the upcoming “Vibrant Gujarat Summit”.
Gujarat: Palanpur court rejects Sanjiv Bhatt’s bail plea
Ahmedabad : A sessions court in Palanpur in Banaskantha district on Friday rejected the bail application of former IPS officer Sanjiv Bhatt in connection with alleged framing of a lawyer in narcotics case in 1996 when he was the district superintendent of police. Rejecting the bail plea on various grounds, Additional Sessions Judge Prashant S Brahmbhatt in his order stated “it appears that prima facie the accused (Bhatt) was involved in conspiracy…” The order also mentioned that Bhatt has a “criminal past” and in one case charges have been framed against him by a different court. The order stated that despite being class-I police officer, Bhatt “misused his office”, adding that “if he is granted bail he may tamper with the evidence.” The court also considered the state government’s submission that Bhatt didn’t honour the bail conditions granted by a different court. The judge stated that Bhatt was granted anticipatory bail in a related case registered in Pali district in Rajasthan which had put the condition that before going abroad the former officer should take the court’s permission.
Bhatt, however, went abroad five times without seeking court’s permission, the court stated. Bhatt’s lawyer, however, had argued that the affidavit and documents submitted by the Investigating Officer — Superintendent of Police (CID) Virendra Singh Yadav — were “malafide and misleading” and amounted to “contempt of court and abuse of law”. Bhatt was arrested on September 5 by CIDCrime after the High Court ordered it to investigate the 22-year-old case. Bhatt has been accused of framing Sumer Singh Rajpurohit, a lawyer from Rajasthan, in a false narcotics case by planting drugs in a Palanpur hotel room as part of a “wellplanned conspiracy” to get a property vacated in Rajasthan.
international
The GCCI in its memorandum said the transfer fee, which Gujarat: JICA officials DPT levies when a land or property holder transfers it in the meet farmers opposed to name of other, should be rationalised. bullet train project Gujarat: Gandhidham traders demand
land ownership rules relaxed
Ahmedabad : Amid the ongoing protest by farmers in south Gujarat over acquisition of land for the MumbaiAhmedabad bullet train project, a threemember team of Japan International Co-operation Agency, which is funding the Rs 1.08 lakh crore project, on Friday met the affected farmers and listened to their grievances. Katsuo Matsumoto, the chief representative of JICA, met hundreds of affected farmers of Surat, Navsari and Valsad districts at Amadpore village in Navsari. President of Gujarat unit of Khedut Samaj, Jayesh Patel, farmer leader Darshan Naik and their lawyer Anand Yagnik were also present. The meeting was held at a farmland which is to be acquired for the 508-km-long high speed rail project “We told them (JICA representative) that the government is giving us compensation as per 2011 jantri rates which is less than the current jantri rates.
Rajkot : Traders and businessmen of Gandhidham on Friday took out a huge rally in the town, demanding lifting of restrictions on land ownership, which they said, were hindering development. Under the banner of Gandhidham Chamber of Commerce and Industry (GCCI), traders and businessmen marched to the office of Deendayal Port Trust (DPT) and submitted a memorandum to its chairperson, Sanjay Bhatia, in which they
demanded reduction in mortgage and transfer fees, and conversion of lease-hold land into free-hold land in the town. The GCCI in its memorandum said the transfer fee, which DPT levies when a land or property holder transfers it in the name of other, should be rationalised. The organisation also demanded that commercial and industrial land, which is at present lease-hold land should also be
converted into free-hold land “so that land and property holders become their true owners”. With the continued development of Kandla port (now Deendayal port) and inauguration of Adani’s Tuna Tekra terminal, three years ago, trade and industry in and around Gandhidham has flourished. This has apparently increased demand for land in the area. But restrictions of transfer fee, mortgage etc make land purchase cumbersome.
A Surat district court on Thursday granted bail to Katheriya in an attempt to murder case lodged against him. This was days after he was granted bail in a sedition case.
Gujarat: Hardik Patel not allowed to meet Katheriya in jail
Ahmedabad : Even as the Patidar Anamat Andolan Samiti (PAAS) is making preparations for a rally to celebrate the release of coconvenor Alpesh Katheriya from jail, Patidar quota agitation leader Hardik Patel on Friday was denied permission to meet him in Lajpore jail, where Katheriya has been lodged since his arrest last month. A Surat district court on Thursday granted bail to Katheriya in an attempt to murder case lodged against him. This was days after he was granted bail in a sedition case. Following the verdict, Hardik reached Surat on Friday to meet Katheriya in jail
along with other PAAS members and Katheriya’s father Ghanshyam Katheriya. However, they was denied permission by jail authorities. To celebrate his release from jail on Sunday, the outfit has planned a three-day sankalp yatra which will
be start from Surat, travel to Khodaldham in Kagvad on Monday and culminate at Umiyadham in Unjha on Tuesday. On Thursday, co-convenor of Surat unit PAAS Dharmik Malaviya had said that the rally will culminate at Statue of Unity in Kevadiya colony
in Narmada district where Hardik and Katheriya will seek the blessings of Sardar Vallabhbhai Patel. “Earlier we had planned a visit to the statue of Sardar Patel Statue of Unity. But we have cancelled it due to some reasons. Hardik and Alpesh will lead the three-day sankalp yatra. We have sought police permission for the rally. However, we will carry out our plans even if we do not get permission,” Malaviya said. A Surat district court on Thursday granted bail to Katheriya in an attempt to murder case lodged against him. This was days after he was granted bail in a sedition case.
Chinese President Xi Jinping urges North Korea, United States to meet halfway
German president reminds young Chinese of ‘havoc’ caused by Marxism Beijing : German President FrankWalter Steinmeier told Chinese students on Friday that “havoc” was wrought in the name of Karl Marx in Germany and eastern Europe, but that Marx also stood for things like freedom of the press. Marx is lauded in China, and in May President Xi Jinping said the decision of the ruling Communist Party to stick with his political theories remained “totally correct”, in a speech to coincide with the 200th anniversary of the German philosopher’s birth. Xi’s speech came near the end of a week-long propaganda blitz by state media, with chat shows saying “Marx was Right” and cartoons of his wild youth aiming to show his
theories remain relevant to modern China and the next generation. Speaking to students at Sichuan University in southwestern China, Steinmeier noted that China had this year donated a big statue of the founding father of communism to his German birthplace of Trier – controversial at the time due to German concerns at China’s poor human rights record. “In this anniversary year, it seems to me that Germans and Chinese can have very different views not only of current issues, but also of the same historical and intellectual ideas,” Steinmeier said, according to a copy of the speech provided by the German embassy in Beijing.
Beijing : Chinese President Xi Jinping on Friday told North Korea’s foreign minister that he hoped North Korea and the United States could meet each other halfway and address each other’s reasonable concerns, China’s foreign ministry said. China is the North’s most important economic and diplomatic backer, despite anger over its neighbour’s nuclear and missile programmes. Ties have warmed in the last year as Pyongyang’s relations with both Seoul and Washington have also improved. At a landmark June summit in Singapore, the North’s leader, Kim Jong Un, and US President Donald Trump pledged to work towards denuclearisation, but the pact was sketchy and talks since have made little headway. Xi “hoped North Korea and the United States meet each other halfway and address each other’s reasonable concerns, allowing positive progress on the peninsula’s nuclear talks,” the Chinese foreign ministry said in a statement.
Donald Trump announces another round of senior staff changes
Washington : In another staff shake-up of his often turbulent administration, President Donald Trump said on Friday he had picked the two people he wants to be the next US attorney general and next US ambassador to the United Nations. Trump said he will nominate former Attorney General William Barr to fill the top job at the US Justice Department again, and that he will put forward State Department spokeswoman Heather Nauert as ambassador to the United Nations. Both are posts that have to be confirmed by the Senate. Trump also said he would make another personnel announcement on Saturday. “It will
have to do with the joint chiefs of staff, the succession,” he told reporters outside the White House, suggesting he may name a new top US military officer. Separately, CNN reported on Friday that John Kelly is expected to resign as White House chief of staff in coming days, citing unnamed sources. Reuters has not independently confirmed the report. Donald Trump said he will nominate former Attorney General William Barr to fill the top job at the US Justice Department again, and that he will put forward State Department spokeswoman Heather Nauert as ambassador to the United Nations.
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