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Kim Kardashian West visits inmates
‘All-round’ Hardik Pandya was....
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RNI No.: GUJENG/2014/59629
Email: ssdaily2013@gmail.com
ENGLISH DAILY MORNING REPUTED NEWS PAPER, AHMEDABAD EDITION Editor : Kapilkumar M. Hirpara
Short News Centre seeks ban on female genital mutilation, SC gives nod New Delhi: With the Centre seeking ban on female genital mutilation (FGM) on Monday, the Supreme Court also indicated that it was opposed to FMG or circumcision as no one can use the religious practices to touch a female’s body and violate integrity of her body part. FMG or ‘khatna’ is a practice prevalent among the Dawoodi Bohra religious community of Shia sect, as it is a crime and punishable offence. This practice is an age-old tradition in this community to mark the arrival of womanhood. Attorney General KK Venugopal, appearing for the Centre told a Bench of Chief Justice Dipak Misra and Justices AM Kanwilkar and DY Chandrachud the government was in favour of a ban on religious practices that force girl child to undergo genital mutilation or circumcision.
‘Chaiwala’ like Modi is PM because Cong preserved democracy: Mallikarjun Kharge
Mumbai: The Congress’Maharashtra in charge, Mallikarjun Kharge, on Sunday hit out at Prime Minister Narendra Modi and said that a “chaiwala” could become the Prime Minister of the country because the party preserved democracy. “Prime Minister Narendra Modi has been asking, at every function, about what the Congress has done for the country in the past 70 years. A chaiwala like him (Modi) could become Prime Minister because we preserved democracy,” Kharge said. He listed out various schemes of the BJP government and alleged that it had failed to perform on all fronts. “There have been consistent attacks on the character of Indira Gandhi, Rajiv and Sonia Gandhi. It is a deliberate attack by the BJP. The Congress is a family and we all are its members,” he said. “Modi speaks about the Emergency that happened 43 years back, but what about the unproclaimed Emergency in the last four years?.
‘Jihadis behind rape, murder of 8-yr-old in Kathua’, says defence lawyer Jammu: A lawyer defending some of the accused in the Kathua rape-and-murder case on Sunday claimed that “jihadis” are behind the gruesome incident and that the body of the eight-year-old girl had been planted to change the religious demography of the Jammu and Kashmir. The allegation, for which Ankur Sharma had no substantial evidence to support, came a day after the complainant in the case finished recording his statement before the district and sessions court at Pathankot, during which he said Sanji Ram, one of the main accused, had been targeting the nomadic community so that they don’t settle in the village. Ankur Sharma, one of the lawyers defending the accused in the Kathua rape-and-murder case, asked Governor N N Vohra to immediately order a CBI enquiry into the case. However, judicial experts expressed surprise at the claims and demands from the lawyer as the case had been entrusted to the district and sessions court on the directions of the Supreme Court and the trial court had already framed charges against the accused.
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Three of the four accused had appealed to the apex court to reduce their death sentences to life imprisonment.
Supreme Court reaffirms death to Nirbhaya’s rapists, rejects life plea
New Delhi: The Supreme Court on Monday rejected an appeal for a reduced sentence and reaffirmed the death penalty for the accused in the rape and murder of a medical student in Delhi in 2012. The four convicts will hang to death. The apex court was hearing the review petition filed by three of the four convicts seeking reduction of their death sentence to a life term. They were sentenced earlier by the court for the brutal gangrape of a 23-year-old medical student on a moving bus in Delhi on December 16, 2012. While dismissing the review petition, the Supreme Court said that the death row convicts had failed to point out the “error” in the judgement. The convicts were heard
How can you be selective in accepting SC verdict: Kejriwal to L-G Anil Baijal New Delhi: Chief Minister Arvind Kejriwal on Monday wrote to Lt Governor Anil Baijal wondering how he can be “selective” in accepting the Supreme Court judgement on power tussle between the Delhi government and the Centre. In the letter, Kejriwal urged Baijal to implement the apex court’s order in letter and spirit and asserted that the Ministry of Home Affairs does not have powers to interpret the order. He also urged the L-G to approach the Supreme Court immediately for clarification, in case of any confusion while saying “but kindly don’t violate the order of the apex court”. “But how can you be selective in accepting the judgement? Either you should take a position that all the matters now would be placed before regular bench and therefore, you would not implement any part of the order. Or you should accept the whole order and implement it. How can you say that you will accept this para of the order but not accept that para of the same order?” Kejriwal said in his letter. The chief minister on Monday approved the ‘Mukhyamantri Teerth Yatra Yojana’ -- a scheme to enable 1,100 senior citizens from each Assembly constituency in Delhi to undertake free pilgrimage -- overuling all objections raised by the L-G.
elaborately during appeals and no grounds were made out for review of its verdict, the court added. Mother of the victim
today said that she was confident that the judgement will be in their favour. “It has been 6 years since the incident. Similar
Modi said 4 lakh direct jobs have been created as the number of factories making mobile phones increased.
Make-in-India initiative has made India world’s 2nd largest phone maker: PM Modi
Noida: Prime Minister Narendra Modi on Monday said his government’s pet ‘Make in India’ initiative has propelled India to become the world’s secondlargest manufacturer of mobile phones as the number of factories soared to 120 from just 2 four years ago. Speaking at the opening of the world’s largest mobile phone manufacturing facility in Noida on the outskirts of the national capital Delhi, Modi said four lakh direct jobs have been created as the number of factories making mobile phones increased. “Today is an important day in making India a global hub of
manufacturing,” he said, adding that the investments in such factories are a cornerstone of India’s economic and commercial engagements with countries like South Korea. Indian economy, the fastest growing major one in the world, as well as a vast expanding neo-middle class offer unlimited opportunities, he said. “Our push for Make in India is not just part of our economic policy but a commitment for bilateral ties with countries like South Korea,” he said. The prime minister said India has 40 crore smartphones in use and 32 crore people using the broadband internet.
incidents are still taking place everyday, our system has failed us. We are confident that the judgement will be in our favour & we will get justice,” Asha Devi, mother of 2012 Delhi gang-rape victim said ahead of the verdict today. The father of the victim, Badrinath Singh, appealed the Prime Minister to take concrete steps against atrocities towards women and young girls. The Supreme Court had on May 5, 2017 upheld the verdict of the Delhi High Court and the trial court sentencing the four men - Mukesh (29), Pawan Kumar Gupta (22), Vinay Sharma (23) and Akshay Kumar Singh (31) to death for raping the woman, fatally wounding her and leaving her to die by the road.
Cong questions PM Modi’s silence on lynching cases, demands Jayant Sinha quit
New Delhi: The Congress on Monday questioned the silence of Prime Minister Narendra Modi on incidents of lynching in the country, and demanded the resignation of Union minister Jayant Sinha for garlanding eight convicts in a lynching case after they were released on bail. Congress leader Pramod Tiwari said the silence of the prime minister and BJP
president Amit Shah, and honouring of the convicts by a minister give “a guarantee to” the perpetrators that they have the support and encouragement of the government. Accusing the Bharatiya Janata Party (BJP) and the government of spreading hatred and violence in society, he said the issue would be raised by the opposition in the upcoming monsoon session of Parliament starting July 18.
Mumbai rains: Downpour hits normal life, waterlogging leads to traffic chaos; 300 stuck at residential area in Palghar New Delhi : Normal life was thrown out of gear as torrential monsoon rains lashed Mumbai and its neighbouring areas, flooding streets, rail tracks and crippling life in the city. Due to waterlogging, around 300 people were stuck at their homes in Vasai town of the adjoining Palghar district. The rainfall, the highest of the season so far in
a day, led to traffic jams as many roads and streets in Mumbai were flooded and people were seen wading through knee-deep water. Vehicles on many roads were moving at a snail’s pace because of rain and low visibility, while potholes compounded the problem. Maharashtra Education Minister Vinod Tawde declared a holiday for schools
NCLT rejects Cyrus Mistry’s plea, rules in favour of Tata Sons
Mumbai: The National Company Law Tribunal on Monday dismissed Cyrus Mistry’s petition challenging his illegal removal as chairman of Tata Sons. The Mumbai Bench of the NCLT ruled in favour of Tata Sons saying the board of directors are competent to remove executive directors. The tribunal did not find any merit in legacy issues raised by Cyrus Mistry against Tata Sons. NCLT said Cyrus Mistry was removed because Tata Sons Board and its members lost confidence in him. The tribunal said it was not accepting Mistry’s contentions that his removal was due to the result of mismanagement by the board
and oppression of minority shareholders of the group. It added that, Mistry was removed because the board and majority of its members lost confidence in him after he sent out certain crucial information about the company to the I-T department, leaked details to the media and came out openly in public against the company’s shareholders and its board, the bench said. In his plea, Cyrus Mistry had said that his removal as chairman of Tata Sons was illegal. He had also alleged mismanagement at Tata Sons, oppression of minority shareholders, a breakdown of corporate governance and excessive interference by Tata Trusts.
and colleges in Mumbai on Monday. The Mumbai University said examinations will be rescheduled for students who could not appear for it today. The meteorological department has forecast more heavy rains in Mumbai till tomorrow. The issue of heavy rains and its impact also figured in the Maharashtra Legislature’s proceedings.
The state government ordered an inquiry into the flooding of the state legislature complex in Nagpur after heavy rains last week. Chief Minister Devendra Fadnavis told the Legislative Assembly that the inquiry would ascertain loopholes in arrangements for the monsoon session and whether problems were deliberately left unattended.
Called four times to enquire about Lalu’s health, says Nitish Kumar
I called up and spoke to Rajya Sabha MP Manoj Jha when Lalu ji was admitted at AIIMS in Delhi, said Nitish Kumar. Patna: Bihar Chief Minister Nitish Kumar on Monday said he had made four calls to enquire about ally-turned adversary Lalu Prasad’s health out of human consideration and without any political motivation.His remark came days after Prasad’s younger son Tejashwi Yadav had dismissed Kumar’s gesture as a “late courtesy call” in a tweet on June 27 after the RJD supremo underwent a fistula surgery at a Mumbai-based hospital. “I called up four times to enquire about Lalu ji’s health, who has been an old associate, keeping aside political
differences, “ the chief minister told reporters after his weekly public interaction programme Lok Samvad here. “I called up and spoke to Rajya Sabha MP Manoj Jha when Lalu ji was admitted at AIIMS in Delhi. I spoke to Bhola Yadav (MLA and Prasad’s close aide) on at least three
occasions. When I spoke to him after the completion of surgery, Bhola Yadav handed over the phone to his recuperating leader,” he said.Kumar and Prasad are products of the 1974 JP movement and were popularly referred as “Bade Bhai (Lalu) and Chhote Bhai (Nitish)” in the political circle due to their age difference. Kumar had separated from Prasad in 1994 to form the Samata Party that became an ally of the BJP in the NDA, and after a long gap, they had teamed up again in 2015 for the Bihar Assembly polls.
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Rich farmers will gain the most from MSP hikes
The common narrative about the government’s hike in minimum support prices (MSPs) for farm produce is that farmers will benefit. But the question is: which farmers? We have small farmers, marginal farmers, peasants and kulaks and landlords. Farmers in Punjab and Haryana are different from their brethren in Bihar and West Bengal or the north-east. There are farmers who plant paddy, those who cultivate coarse grains and those who cultivate cotton or sugarcane. Which farmers gain the most? A National Sample Survey Office (NSSO) report that mapped the income, expenditure and indebtedness of agricultural households in India in 2013 provides some clues. For households owning farms of less than 0.4 hectares, who are a third of all agricultural households, net receipts from cultivation account for less than a sixth of income. They will certainly not benefit from higher MSPs. For those holding between 0.4 and 1 hectare, net receipts from cultivation are around two-fifths of their earnings. This class constitutes another third of all farming households. They too won’t gain much. Taken together, farmers owning up to 1 hectare of land constitute 69.4% of total agricultural households. The report finds their monthly consumption expenditure is higher than their earnings from all sources, which means they are chronically in debt. Many rely on moneylenders, rich farmers and landlords to advance them the money needed for cultivation and they are often forced to sell their produce to these financiers at lower than market prices. In short, almost 70% of farming households are unlikely to be beneficiaries of the MSP hike. On the other hand, those having more than 4 hectares of land, a mere 4.1% of the farming population, get more than three quarters of their net income from cultivation. It is the rural rich, rural India’s ruling class, who pay no income taxes, who gain the maximum benefit from farm loan waivers, who will reap the bonanza from higher MSPs. The revelations of the Shanta Kumar Committee report underscored that fact. It found that a mere 5.8% of agricultural households in India had sold paddy or wheat to any procurement agency. Even these households sold only a part of their total sales, ranging from 14-35% for different crops, at MSP. Said the report, “The upshot of this entire evidence is that the direct benefits of procurement operations in wheat and rice, with which FCI (Food Corporation of India) is primarily entrusted, goes to a minuscule of agricultural households in the country. Obviously then, much of the procurement that government agencies undertake comes from larger farmers, and in a few selected states (Punjab, Haryana, Andhra Pradesh and lately from Madhya Pradesh and Chhattisgarh).”
- Kapilkumar M. Hirpara
Editor
Halsey breaks down onstage The 23-year-old singer broke down into tears while singing a heartbreaking rendition of her track Sorry, reports People.com.
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Hollywood - Bollywood
Kim Kardashian Priyanka confirms Shonali Bose’s film, West visits inmates reveals title, mystery continues over hero Taking to her Instagram stories, the actress posted a photo of the script and said she’s started prep for the film.
los angeles : Reality TV star Kim Kardashian West met several prisoners in California Institution for Women, on Friday, to discuss the issues faced by female prisoners, reports TMZ.com. The Keeping Up with The Kardashian star had one-on-one meetings with 15 prisoners to discuss about their concerns of rehabilitating in the real world out of prison and what their daily lives were like. According to reports, the tour was a part of her mission to create a program for female inmates to help them settle once they leave correctional facilities.
New Delhi : Global sensation Priyanka Chopra has officially ended her vacation with rumoured beau, Nick Jonas, and is back to India to start prepping for her upcoming film, ‘The Sky is Pink’. Helmed by ‘Margarita With a Straw’ director Shonali Bose, ‘The Sky is Pink’ revolves around Aisha Chaudhary, who became a motivational speaker
after being diagnosed with an immune deficiency order at the age of 13. Also read: Working it out together: Priyanka Chopra goes cycling with Nick Jonas’ familyTaking to her Instagram stories, the ‘Quantico’ star posted a photo of the script of the film, captioning, “And it begins..#prep#hindimovie.” Priyanka confirms Shonali
Bose’s film, reveals title, mystery continues over hero Though Priyanka has finally confirmed the film after months of speculation, there’s still no clarity of who will be the hero opposite her.Earlier reports suggested Abhishek Bachchan was to feature in it, and then Farhan Akhtar’s name also started doing the rounds.
Jennifer Lawrence says does not identify as a method actor.
Once you have the costume on, you become the character: Jennifer
los angeles : Jennifer Lawrence says does not identify as a method actor and said she becomes the character as soon as she puts on her costume. The 27-year-old actor, who was last seen playing a Russian ballerina-turnedoperative in “Red
Sparrow”, said the film’s director, Francis Lawrence asked her to talk to her friends in an accent to stay in character - a suggestion she refused. “For two weeks before the movie, Francis would say, ‘You should talk in the
Taapsee, Rishi Kapoor, Prateik starrer Mulk based on these dark chapters of country Mumbai : The teaser of director Anubhav Sinha’s Mulk, starring Rishi Kapoor, which hit the screen last month, promises to be an intense courtroom drama and is said to be inspired by several real-life events. But it is the tragic events of 26/11 that bring a new twist to the film. A source close to the production states, “While the entire film is based on different events that highlight the socio-political perceptions plaguing the nation, Anubhav wanted to bring about a mass awareness that mobilizes the foot soldiers of change. A lot of inspiration was taken from 26/11, Hindu-Muslim riots, and Babri Masjid, for the narrative to give a new perspective on the Hindu-Muslim conflict and showcase a resolution. India is ranked number four in the world when it comes to religious violence and while the constitution allows for religious freedom, it’s rarely practised and that aspect was something that Anubhav wanted to portray” In the teaser, Prateik Babbar has been made to resemble Ajmal Kasab; veteran actor Rishi.
accent at home. Stay in the accent and talk to your friends in the accent.’ I said, ‘Francis, I don’t have those kinds of friends. They would never call me again’,” Lawrence told Star magazine. She added she spent several months getting the accent right and it was tough as it was
the first time she was playing a foreigner. “... So I spent four months before the movie figuring out what kind of dialect she would have. Once you get there and you have the costume on, you become the character and it’s easier,” the actor added.
Bollywood actor Sanjay Dutt on Sunday thanked his friend Paresh Ghelani for being his pillar of strength and constant companion.
Thank you for being there: Sanjay Dutt tells Paresh Ghelani
New Delhi : Sanjay Dutt on Sunday took to Twitter to thank his friend Paresh Ghelani for being his pillar of strength and constant companion. Sanjay wrote on Twitter, “@ pareshghelani you are the pillar of my strength. Thank you for being there, then and now. Welcome to the world of social media buddy! Love you lots.” Paresh Ghelani had recently shared a heartwarming letter
on Twitter after watching the Sanjay Dutt biopic Sanju. In the letter, which sheds light on the friendship of Sanjay and Paresh, the latter wrote, “After watching the film Sanju I was numb, numb with limitless emotions. I wanted to just hug him, hold on to him and cry. Cry endlessly to the years we had lost, to the years we stood by and witnessed this roller coaster called life and the irrevocable loss of loved ones.
Shraddha wants to be at top of her game, will return to Hyderabad for Saina biopic mumbai : Last, we heard that Shraddha Kapoor had taken a break from training for her role in a biopic on the badminton player Saina Nehwal and was working on her other films — Saaho and Batti Gul Meter Chalu. And now the news is that once she wraps up Batti Gul Meter Chalu she will head back to Hyderabad to concentrate, and train rigorously for the badminton sequences in the biopic. “Both Saina and the maker Amol Gupte are keen that Shraddha looks and plays like a badminton player because the film requires her to do some long rallies in important matches, and those will be one take scenes with no cutaways being used. So, even as she shoots for Saaho, she will start preparing for the role and once the shoot is complete, she will go full-fledged into training, as she wants to look the part and silence detractors who have been creating a racket about her ability.
Janhvi Kapoor visits Tirumala Tirupati temple
los angeles : It was Halsey’s first show on stage since her break with rapper G-Eazy. The 23-year-old singer broke down into tears while singing a heartbreaking rendition of her track Sorry, reports People.com. Fans caught the moment on camera while cheering her on
with screams of “I love you” as seen on various Instagram posts that were uploaded. The couple dated for over a year before parting ways last week. Halsey put up an official statement on her Instagram about the split and said she would be focussing on her music career and tours for now.
New Delhi : Amid the hectic promotional schedule of Dhadak, Janhvi Kapoor headed to Tirumala Tirupati temple with father Boney Kapoor and sister Khushi Kapoor to seek the blessings of Lord Venkateswara. Directed by Shashank Khaitaan, Dhadak marks the debut of late versatile actor Sridevi’s daughter Janhvi in the Hindi film industry. Later, the actor was seen at Mumbai airport. The shutterbugs clicked Janhvi with her father and sister. Janhvi will soon resume promotions of Dhadak. Meanwhile, Janhvi has already promoted Dhadak with her co-star Ishaan Khatter in Pune, Jaipur and Lucknow. Meanwhile,
Janhvi has already promoted Dhadak with her co-star Ishaan Khatter in Pune, Jaipur and Lucknow. Janhvi and Ishaan have been leaving no stone unturned to spread the word about their upcoming film Dhadak, which is a Hindi remake of superhit Marathi film Sairat. They have also been winning social media with their cute posts. “I really hope when the audience watches the film, they realize that it is a sincere adaptation and it’s a unique film in its own way. We have been really honest while making this film and we have sacrificed our blood, sweat and tears while making it. So, I hope our efforts will connect with the audience,” Ishaan had said about Dhadak at an event.
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Rohit Sharma’s knock was special, says Hardik Pandya
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Saba Karim’s trip to UK creates further BCCI, CoA differences
Bristol : Hardik Pandya played a key role in India winning the third and final T20 against England on Sunday but he believed Rohit Sharma’s special innings in the 199-run chase the difference between the two sides. More so, the fact that it came after two ordinary outings only added to the joy of it. Rohit scored an unbeaten 100 as India won by seven wickets and took the three-match series 2-1. Rohit came into the third T20 on the back of mediocre outings in the first two T20s scoring 32 runs and 5 runs respectively. But he didn’t take long to get back into the groove scoring 100* from 56
balls with 11 boundaries and five sixes to take India past the winning line. “Rohit played amazingly well. He was outstanding and played a fantastic hand. He won the game single-handedly for us. We expect that from him. I haven’t seen anyone hit the ball as hard as Rohit,” Pandya said in the post-match press conference. “Not having two good games and then coming back to play such an innings, that is special. It shows the confidence players have in this team, in themselves. It all comes down to the support staff. They have been great,” he added. Pandy was instrumental as well with the ball and bat.
Kolkata : The friction between the Indian cricket board office-bearers and the Committee of Administrators (CoA) continues, with the latest issue being the BCCI general manager for cricket operations, Saba Karim’s proposed visit to the UK. Karim’s DA allotment for a nine-day trip is $4,050 (Rs 2.7 lakh approx), but the BCCI treasurer Anirudh Chaudhry has requested for some information from the CoA before giving the goahead for the release of the forex. Chaudhry said he is “not aware of the reasons” for Karim’s proposed trip, as “no paper, document or communication other than the letter for me to affix my signature” has been sent to him. He also cited previous examples, wherein the CoA had restricted the BCCI acting secretary,
Amitabh Choudhary’s England trip and also asked him to explain his Bhutan visit last month. Karim is supposed to go to England to be alongside the India A and U-19 team coach Rahul Dravid, who has lined up meetings with the England and Wales Cricket Board (ECB) top brass next week. Karim’s scheduled departure is on July 12. But taking a cue from the CoA letter on June 18, which “forbade” Choudhary’s travel to England, the treasurer has written: “I have received an email for signing a letter to be sent to M/s Thomas Cook for the release of foreign exchange to Mr. Syed Saba Karim for his D.A. of an amount equal to USD 4,050/- for his proposed visit to the United Kingdom for a period of 9 days.”
England were 20-30 runs short, 225 or 235 would have been difficult, says Eoin Morgan
Cardiff : England looked to be on course for 220-230 runs, admitted Virat Kohli in the decisive third T20 against India on Sunday in Bristol. That may have proven to be a stiffer target than the eventual 199 runs that India were put to chase. And that difference cost England the match – believes England skipper Eoin Morgan. He believed that England fell short by 20-30 runs in the third T20 to go on and lose by 5-wickets. He put the blame on the batting collapse in the death overs.“We were probably 20-30 runs short. 225 or 235 would have been more of a difficult chase (on that ground). India never really got away from us, but we struggled to take wickets (during the chase),” said Morgan.
“They kept up with the rate, and then it was a position in the 16th or 17th over they could take the game away from us which is disappointing. (But) Jason (Roy) and Jos (Buttler) were brilliant up front and almost gave us a licence to allow ourselves to think about 220,” he added. Cruising after the powerplay overs, England lost their way in the middle overs losing four wickets for 46 runs that restricted their momentum and things got worse at the death with another five wickets in the space of 14 balls. Pandya who had gone for 20 runs in the first four balls, came back strongly to concede just 16 runs in the next three overs while picking up four wickets as well.
‘All-round’ Hardik Pandya was standout player, says Virat Kohli Cardiff : India scripted a comprehensive win against England in the third and final T20I at Bristol to clinch the series by a 2-1 margin. Rohit Sharma’s third hundred in the shortest format along with Hardik Pandya’s allround effort led India to their sixth consecutive T20I series win. It wasn’t an easy ride for the Indian team in the first half as England got off to a start and threatened to go past the 200-run mark. However, the bowlers led by Pandya reduced
any late blows to concede 23 runs in the last three overs. Skipper Virat Kohli also acknowledged Pandya’s effort of 4/38 and deemed him as the standout performer of the day. Speaking at the postmatch presentation, a jubilant Kohli complemented his bowlers and said, “The comeback from the bowlers was outstanding. At one stage we thought they’d end up getting 225-230 which would’ve been tough. But the character they showed, that’s something we’re
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very proud of. Just hit our areas better I guess (in the second ten overs). We have the quality to bowl wicket-taking deliveries as well. Applied decent pressure on the batsmen and pulled the game back nicely. 25-30 runs in this format can be massive.” Reflecting on Pandya’s heroics, he said, “Pandya is a really good all-round cricketer. He’s confident with his skills with bat and ball. He’s sure of what he wants to do. With the ball, the way he picked up those wickets after
Gold futures gain 0.20 per cent on positive global cues
I-T dept sells part of Cairn shares to recover retro tax
New Delhi: The income tax department has sold roughly 40 per cent of Cairn Energy plc’s shareholding in Vedanta to recover a part of the Rs 10,247 crore retrospective tax it had raised against the British firm. While an international arbitration tribunal is to begin final hearing in Cairn’s challenge to the tax imposed retrospectively, the I-T department realised USD 216 million from selling some of the firm’s residual holding in Vedanta. “As previously announced, the Indian Income Tax Department (IITD) has continued to enforce its retrospective tax claim against Cairn whilst the treaty arbitration has been ongoing. “To date the IITD has seized dividends due to Cairn from its shareholding in Vedanta Limited (VL) totalling USD 155 million
and it has offset a tax rebate of USD 234 million due to Cairn as a result of overpayment of capital gains tax on a separate matter,” Cairn Energy said in a statement. The firm said it has now been notified by the IITD that it has sold part of its shareholding in VL, realising and seizing proceeds of USD 216 million. “Following this sale, Cairn’s retained holding in VL is now approximately 3 per cent. It is possible that the IITD may make further sales,” it said. The income tax department had seized nearly 10 per cent of Cairn’s shareholding in its erstwhile subsidiary Cairn India after issuing a Rs 10,247 crore tax demand notice in January 2014 After Cairn India got merged with Vedanta, the shareholding came down to 5 per cent.
New Delhi: Gold prices went up by 0.20 per cent to Rs 30,622 per 10 grams in futures trade today as speculators built up fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in August moved up by Rs 62, or 0.20 per cent, to Rs 30,622 per ten grams in a business turnover of 167 lots. Similarly, the yellow metal for delivery in October was trading higher Rs 38, or 0.12
per cent, at Rs 30,900 per ten grams in 5 lots. Market analysts said fresh positions created by traders were in sync with a firm global trend, as the dollar hovered close to a 3.5week low after US jobs data showed an increase in the unemployment rate and slower wage growth, influencing gold prices at futures trade here. Globally, gold rose 0.33 per cent to USD 1,258.70 an ounce in Singapore.
India Inc to post 12.8 pc revenue growth, highest for Q1 in 3 years: report This would be the third consecutive quarter of double digit growth.
Mumbai: India Inc will deliver the highest quarterly revenue growth in three years at 12.8 per cent in the AprilJune period, but high oil prices will narrow profit margins by 0.20 per cent, a report said on Monday. This would be the third consecutive quarter of double digit growth, but the jump in performance in the earlier two quarters could have been attributed to a low base on account of demonetisation and GST implementation slump, the research arm of domestic
rating agency Crisil said. The estimates are based on an analysis of 350 companies excluding those in the banking, finance, insurance and oil sectors, which comprise over 50 per cent of the NSE, it said. Major listed companies will start reporting their results starting tomorrow. Crisil Research’s senior director Prasad Koparkar said 15 of the 21 key sectors will report a double digit growth for Q1FY19 and volume pick-ups are expected both from both the consumption and
commodity-linked sectors. On the profitability side, the pre-tax margins will crimp by 0.20 per cent, but the slide will be narrower than the 1-2.50 per cent
contraction seen in the past quarters. Volume growth will lead to automobiles, retail and airline services to log a revenue growth in excess of 15 per cent, it said.
Among the commodity sectors, natural gas and cement are expected to post robust growth led by volumes, while petrochemicals and steel products would benefit from continued higher prices, it said. The 4 per cent rupee depreciation will help export linked sectors like information technology and pharma report a revenue uptick, it said. Automobiles, steel products and pharmaceuticals are expected to log improvement in
operating margins, but the margins for airline services, cement, natural gas, sugar and telecom services will be impacted by higher commodity prices, its director Hetal Gandhi said. The rupee depreciation will help companies in the exportlinked sectors post better margins, it said. The telecom sector, which has had a bad time since the launch of deep-pocketed Reliance Jio, is expected to continue showing signs of pricing pressures, it said.
getting hit for boundaries and sixes. His all-round performance was standout today. Was difficult for the bowlers. Have to be honest. Pitch was really, really flat. We enjoyed ourselves as batsmen. England got 200-odd, we got there with few balls to spare. Don’t like to look at hindsight and say we could’ve added another bowler. Guys came up with the goods. We’re gonna continue and try different things. You saw the kind of energy and attitude we had on the field.
The NSE Nifty ended 80.25 points or 0.74 per cent higher at 10,852.90.
Sensex soars to 5-month high; Nifty tops 10,800-level on global cues
Mumbai: Market benchmark Sensex surged by around 277 points to close at more than five-month high of 35,934.72 today on heavy buying in energy, capital goods, power and banking stocks following positive leads from global markets and a strengthening rupee. The broad-based NSE Nifty too went past the 10,800-mark as investors shifted focus on corporate earnings from trade tensions. The BSE Sensex rallied for the second day by rising 276.86 points or 0.78 per cent to settle at 35,934.72, the highest closing level since January 31, when it had closed at 35,965.02. The NSE Nifty ended 80.25 points or 0.74 per cent higher at 10,852.90. Asian markets mostly closed higher and European stock markets advanced in opening trade, tracking gains on Wall Street on Friday after a strong jobs data for June allayed fears of impact of the USChina trade dispute. Appreciating rupee against the dollar and fresh buying by domestic institutional investors added to the momentum, brokers said. Investors were also looking forward to the
quarterly results of IT majors TCS and Infosys that will kick-start the earnings season later this week, they added. Infosys was up 1.14 per cent at Rs 1,299.15, while TCS was trading lower by 1.34 per cent at Rs 1,887.65. Other IT counters like HCL Technology, Tech Mahindra and Wipro gained up to 1.68 per cent. The 30-share BSE Sensex opened on a strong footing at 35,835.10 and maintained its upward trend to hit the day’s high of 35,977.37. It finally ended at 35,934.72, up 276.86 points, or 0.78 per cent. The gauge had gained 83.31 points in the previous session on Friday. The Nifty finished the day at 10,852.90, showing a gain of 80.25 points or 0.74 per cent after shuttling between 10,860.35 and 10,807.15. This is the highest closing since June 13, 2018 when it had closed at 10,856.70. DIIs bought shares worth a net of Rs 1,480.82 crore, while foreign portfolio investors (FPIs) sold equities to the tune of Rs 968.18 crore on Friday, provisional data showed.
4 / Dt. 10-07-2018, tuesday, Ahmedabad
Mumbai-Ahmedabad bullet train: Godrej Group moves HC against land acquisition Ahmedabad : The Godrej Group has moved the Bombay High Court challenging the proposed acquisition of its prime property in suburban Vikhroli to pave way for the government’s ambitious bullet train project between Ahmedabad and Mumbai.The conglomerate has sought a direction to authorities concerned to change the project’s alignment, so that it can get nearly 8.6 acres of land belonging to its infrastructure arm Godrej Construction out of the project’s map. As per the current alignment of the bullet train project, of the total 508.17 km of rail track between Mumbai and Ahemdabad, about 21 km is planned to be underground. One of the entry points to the underground tunnel falls on the land in Vikhroli. The petition, filed last month, is expected to be heard by a single judge bench of the high court on July 31. The bullet train project is also facing opposition from
farmers in Gujarat and Maharashtra. Four farmers from Gujarat have petitioned the high court in their state challenging land acquisition. The foundation stone for the project was laid by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe in September last year in Ahmedabad. The country’s first bullet train will run at a maximum speed of 350 km per hour, covering the stretch in under three hours from the usual seven. The train will halt at 12 stations, out of which four will be in Maharashtra. Eralier it was reported that the Ministry of Rural Development of the central government became party in the petition in the Gujarat High Court pertaining to objections by farmers in the state against the bullet train, especially regarding the manner in which land is being acquired. The state government has been delaying the hearing, claimed the advocate representing the farmers.
Asian African Chamber of Commerce & Industry Soft Launch at the 5th International Chamber of Commerce & Industry
New Delhi : Dr. GD Singh along with Dr. Wishwas Julka, Sadguru Brahmeshanandacharya Swamiji, Padam Shree Dr. Vijay Shah and Mr. Avinash Gyan unveiled the Asian African Chamber of Commerce & Industry (AACCI) during the 5th International Education Forum at The India International Centre in New Delhi on Saturday. The incepted chamber of commerce will mark as a beginning of newly forged trade relation across the continents with a team of expert professionals to facilitate its members under various verticals of integrated SME operations at an international level. High Prince of Nigeria HH Babalola - Past President and Present Patron of Institute of Company and Commercial Accountants of Nigeria (ICCA) gave his best regards through a message which was played during the launch itself. The High Prince also has been one of the founding fathers of the AACCI and has been anointed as the President of African region in the AACCI.
Bomb threat delays AhmedabadDelhi Vistara flight
Ahmedabad: A bomb threat delayed a Vistara flight in Ahmedabad by nearly three hours on Monday morning. A call stating that there is a bomb onboard Vistara’s UK 976 flight to Delhi was made from Goa to the airline’s customer care. The flight, scheduled to
take off at 10:55 a.m., was rescheduled to 1:00 p.m. and later to 3 p.m. The airline said in a tweet that the delay was due to “mandatory security checks”. The aircraft was taken to an isolation bay and security personnel pressed sniffer dogs into service.
CM Vijay Rupani visits Statue of Unity site, reviews progress of work
Ahmedabad : Chief Minister Vijay Rupani on Sunday visited the site of the Statue of Unity at Kevadia colony in Narmada to review the project, which is set to be inaugurated by Prime Minister Narendra Modi on October 31. Rupani said that the state government would make PM Modi’s “dream” of installing the world’s largest statue dedicated to Sardar Patel come true. Rupani, accompanied by Chief Secretary J N Singh, as well as officials of the SSNNL and Narmada district administration, visited Sadhu Bet, 3.5 km downstream the Narmada dam, the site where the 182-meter tall statue is under construction. “It was the dream of Prime Minister Narendra Modi to construct
MLAs captive at a resort in Bengaluru. Patel, on the other hand, had challenged Rajput’s plea and sought its dismissal at the “threshold level” for not serving respondents an attested copy of the petition as required under the law. The high court, however, rejected his plea and said the petitioner had substantially complied with the provisions of law and the defects could be easily cured. Patel later moved the top court against the high court order saying that Rajput’s petition is “devoid of merits” and fails to show any “cause of action”. Patel returned for a fifth term in Rajya Sabha after polling 44 votes. The EC’s decision brought down the required mark from 45 to 44. The Congress, in its plea to the EC, had said two of its MLAs, Bhola Bhao Gohil and Raghav Bhai Patel, cross-voted and showed their ballot papers to BJP president Amit Shah. The EC ruled in Congress’ favour, declaring that the two MLAs had violated polling procedures and secrecy of the ballot.
international Thai minister blames Chinese tour operators for boat disaster; 11 still missing
Vijay Rupani, accompanied by Chief Secretary J N Singh, as well as officials of the SSNNL and Narmada district administration, visited Sadhu Bet, 3.5 km downstream the Narmada dam, the site where the 182-meter tall statue is under construction.
SC seeks response on Ahmed Patel’s plea to stay proceedings against his election to RS
Ahmedabad : The Supreme Court on Monday sought a response from BJP leader Balwantsinh Rajput on a plea filed by veteran Congress leader Ahmed Patel seeking a stay in proceedings in the Gujarat High Court against his election to the Rajya Sabha. Rajput had moved the high court after he lost to Patel in the election to the Upper House in August last year. While the bench, headed by Chief Justice Dipak Misra allowed framing of issues, it directed the Gujarat High Court not to proceed in the case thereafter. Posting the matter after four weeks, the bench, which also comprised Justices A M Khanwilkar and D Y Chandrachud, asked both the parties to complete their pleadings by filing replies and rejoinder affidavits in the meantime. Challenging Patel’s election in the high court, Rajput had questioned the Election Commission’s decision to invalidate two votes by rebel Congress MLAs after the Congress party had objected. Rajput had also accused Patel of indulging in corrupt practices by allegedly holding 44
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the world’s largest statue dedicated to Sardar Patel, as a tribute to his greatness and tall stature. Gujarat will make his (Modi’s) dream come true by having the inauguration of the statue at the hands of the Prime Minister. Not just the statue, but in order to accord Kevadia the status of a world tourism destination, Modiji has also envisaged and gifted us a tribal museum, recreational garden and other attractions,” the CM said. While Rupani did not declare the official date of the inauguration, the state government has previously expressed its intention to inaugurate the statue on October 31, which coincides with the 143rd birth anniversary of Patel this year.
Introduces new PTE Academic Active app to help the learner access learning and practice anytime, anywhere
Pearson India launches Comprehensive Preparatory Resources for PTE Academic Test Takers
Ahmedabad : Pearson Test of English (PTE) Academic, the world’s leading computer-based test of English proficiency for immigration and study abroad, recently launched a collection of resources to help prepare test-takers for the PTE Academic. This is a fresh addition to Pearson’s bestsellers including The Official Guide, now available as an Indian reprint. To make the preparation plain sailing for students, Pearson has introduced two brandnew volumes of tests, tips and preparation planners in the Practice Tests volume 2 and Practice Test for Aspire C1. Additionally, with an aim to make the process of learning hassle-freeand fast, PTE Academic is now upgraded with the exclusive and official PTE Academic Active
app, which assists the learner to access PTE Academic learning and practice material onan easy-to-use interface. Each PTE courseca be unlocked on the app by the unique user code provided to the testtaker in the title they purchase. Commenting on the launch,Vikas Singh, Managing Director, Pearson India said, “English language proficiency is important for success of professionals and students seeking to pursue their career abroad. As a learnercentric organization, we are always focused on bringing high quality and comprehensive education material to the students in India. We are confident that the new customized books for PTE Academic will help students to enhance their English language skills and brighten their chances to make it to abroad.
Bangkok : A Thai government minister on Monday blamed Chinese tour operators for the deaths of more than 40 people, most of them Chinese tourists, in a boat accident off a resort island last weekend, as divers searched for 11 people still missing. The boat, the Phoenix, went down in high seas on Thursday off the west-coast island of Phuket with 101 people on board, including 89 tourists, all but two of them from China, and 12 crew, during an outing to a small island for snorkelling. The death toll, which is likely to surpass 50, makes it the worst tourist-related disaster in Thailand in years and underscores long-standing concerns about its safety. The rainy season now underway can bring fierce squalls and high seas in southern Thailand, especially off its west coast, and questions have been raised about why the boat had set out to sea despite warnings of bad weather.
UK PM May should not face a leadership challenge says ex-Brexit minister David Davis
London : Britain’s former Brexit minister David Davis said Monday he would not encourage his colleagues to try to oust Prime Minister Theresa May after he quit in protest at her strategy for leaving the European Union. Davis resigned late on Sunday, saying he was not willing to be a ‘reluctant conscript’ to her plans that were agreed by the whole cabinet on Friday. He said on Monday he thought May was a good prime minister and did not want to see her replaced, but could not defend her strategy in good faith.Asked if he would join some other lawmakers in calling for May to stand down, he told BBC Radio: “I won’t be one of them. I won’t be encouraging people to do that, I think it’s the wrong thing to do.” He added that he would not run for the leadership of the Conservative Party in the future.
Donald Trump still pondering Supreme Court pick as big reveal nears
Morristown : President Donald Trump said Sunday he was still deliberating his decision on a replacement for Supreme Court Justice Anthony Kennedy as his self-imposed deadline for an announcement neared amid furious lobbying and frenzied speculation. “I’m very close to making a final decision. And I believe this person will do a great job,” Trump said as he prepared to return to Washington from a weekend at his New Jersey golf club. Asked by reporters how many people were being considered, the president said: “Let’s say it’s the four people … they’re excellent, every one. You can’t go wrong.” While Trump didn’t name the four, top contenders for the role have included federal appeals judges Brett Kavanaugh, Raymond Kethledge, Amy Coney Barrett and Thomas Hardiman. The White House has been preparing information materials on all four, who were part of a longer list of 25 names vetted by conservative groups. Trump has spent the weekend discussing his options with allies and will announce his pick at 9 p.m. EDT Monday from the White House. He tweeted later Sunday that he was looking forward to the announcement and said an ‘exceptional person will be chosen!’
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