Steve Smith admits ‘making a big ...
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ENGLISH DAILY MORNING REPUTED NEWS PAPER, AHMEDABAD EDITION Editor : Kapilkumar M. Hirpara
Short News Release Tandoor murder case convict Sushil Sharma immediately: Delhi HC New Delhi: The Delhi High Court on Friday ordered 'forthwith' release of former youth Congress leader Sushil Kumar Sharma, serving life term in the 1995 murder of his wife Naina Sahni. Sharma has already undergone over two decades of incarceration in the case. A bench of Justices Siddharth Mridul and Sangita Dhingra Sehgal passed the order. Now 56, Sharma had shot dead his wife in 1995, objecting to her alleged relationship with a male friend. He had then chopped her body into pieces and attempted to burn it in a restaurant oven. Known as the Tandoor (oven) murder case, it is one of the landmark cases in India in which DNA evidence and a second autopsy were used to establish the guilt of the accused.
‘Vacate Delhi office in 2 weeks’: HC to National Herald publisher AJL
New Delhi: The Delhi High Court on Friday dismissed the petition filed by Associated Journals Limited (AJL), publisher of Congress mouthpiece National Herald, challenging the eviction order by land and development authority. Justice Sunil Gaur has granted two-weeks time to AJL to vacate Herald House situated at ITO in the national capital. Following this, proceedings under the Public Premises (Eviction of Unauthorized Occupants) Act, 1971 would be initiated. The Centre in its eviction order had mentioned a violation of lease conditions by the publisher of National Herald newspaper. The court passed the order on AJL’s plea challenging the Centre’s October 30 order ending its 56-year-old lease.
Naseeruddin Shah’s Ajmer event cancelled following protests by right-wing groups
New Delhi :Following protests by members of right-wing groups, organisers of the Ajmer Literature Festival Friday called off an event that was scheduled to be addressed by actor Naseeruddin Shah. Shah’s remarks on mob violence triggered a row with rightwing groups protesting outside the venue where he was supposed to deliver the keynote address of the fifth edition of the three-day literature festival.Raas Bihari Gaur, coordinator of the festival, said, “Shah was scheduled to inaugurate the festival but he did not come because of the protest by some locals over his comments.” He was also scheduled to launch his book in the opening session, which was also called off due to the protests. He said the festival, however, kicked off on Friday and will conclude on Sunday.
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UP Minister explained that a person’s lineage can be deciphered by noting their behaviour.
First Dalit, then Muslim, now a UP minister says Lord Hanuman was ‘jaat’ Lucknow: Opining that Lord Hanuman belonged to the Jaat community, Uttar Pradesh Minister for Religious Affairs Laxmi Narayan Chaudhary joined the debate surrounding the identity of the Hindu deity. The state minister likened the Hindu god’s characteristics to that of a person belonging to the Jaat community. “I think Hanuman ji was a Jaat, because upon seeing someone being troubled a Jaat also jumps in even without knowing the issue or the people. In this sense Hanuman ji’s behaviour was very similar to that of Jaat because following Goddess Sita’s abduction by Raavan he immediately came to Lord
Ram’s help as his follower,” UP Cabinet Minister Laxmi Narayan told ANI on Friday. Chaudhary, who also holds charge of Dairy Development,
Culture, Minority Welfare, Muslim Waqf and Haj, further explained that a person’s lineage can be deciphered by noting their behaviour. “Everyone who believes in the Sanatan Dharm would surely worship Lord Hanuman. Chief Minister Yogi Adityanath has already given explanation on this issue.
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The Special CBI court in Mumbai acquitted all the 22 accused in Sohrabuddin encounter case due to lack of evidence.
All 22 accused in Sohrabuddin Sheikh encounter case acquitted
Mumbai: All the 22 accused in the Sohrabuddin Sheikh encounter case have been acquitted by Special CBI Court in Mumbai on Friday due to lack of evidence. Special CBI judge said that the witnesses and proofs were not satisfactory to prove conspiracy and murder in the 2005 encounter killing of Sohrabuddin Sheikh,
his wife Kausar Bi and aide Tulsiram Prajapati. The court said that the government machinery and prosecution put in a lot of effort and 210 witnesses were brought but satisfactory evidence didn’t come and witnesses turned hostile. “No fault of prosecutor if witnesses don’t speak,” the special CBI court said. The court
said that allegation that Tulsiram Prajapati was murdered through a conspiracy is “not true”. Special CBI Judge S J Sharma ruled the prosecution has failed to put forth any “documentary and substantive evidence” to suggest or establish the alleged conspiracy. Of the accused, 21 are junior-level police officials from Gujarat and Rajasthan. The other was the owner of a farm house in Gujarat where Shaikh and Kausar Bi were illegally detained before they were allegedly killed. The Gujarat police claimed that Sohrabuddin Sheikh was killed in an encounter in November 2005. The police said that Sohrabuddin Sheikh was linked with terror groups like Lashkar-e-Taiba and was allegedly conspiring to assassinate Prime Minister Narendra Modi, who was then the Chief Minister of Gujarat.
According to an official, despite the powers, unlike phone conversations, it is not easy to intercept Internet communication. Another complication is that most of these companies do not have servers in India.
Monitoring computers and intercepting data is not new, nor is it easy New Delhi : The Centre’s order to authorise 10 agencies to monitor online communications and intercept data contained in any computer system is not new. And according to intelligence sources, intercepting
online communication and monitoring computer systems is not as easy as the Opposition has alleged. In fact, agencies have been conducting surveillance on internet communication for several years now, particularly in matters related to
1984 anti-Sikh riots : The former Congress leader was convicted and sentenced to life imprisonment by the court in a case pertaining to killing five members of a family during the riots.
Delhi HC dismisses Sajjan Kumar’s plea seeking more time to surrender
New Delhi : The Delhi High Court Friday dismissed a plea filed by 1984 anti-Sikh riots convict Sajjan Kumar seeking more time to surrender. Kumar had moved the court seeking an additional 30 days for surrendering ahead of the December 31 deadline. The former Congress leader was convicted and sentenced to life imprisonment by the court in a case pertaining to killing five members of a family during the riots. The High Court while hearing the plea said that it sees no ground for granting an extension of time to Sajjan Kumar to surrender. Reversing the orders of the trial court, which had acquitted the former Congress legislator, the court found him guilty
of the murders in the aftermath of then prime minister Indira Gandhi’s assassination. A bench of Justice
S Muralidhar and Justice Vinod Goel also made clear that Kumar’s life imprisonment will be for the remainder of his life. After the verdict, Kumar tendered his resignation from the primary membership of Congress. Kumar was acquitted by a special CBI court on April 30, 2013, while it had held five other accused guilty of the crime.
terrorism. The 2013 Bodh Gaya blasts case was cracked in great measure with crucial online communication intercepts. The National Investigation Agency (NIA) had sought permission from the home secretary to monitor online
134 points. The biggest losers of the session include Reliance, Infosys, TCS, ICICI Bank, HDFC twins, ITC, Maruti, L&T, HUL, Axis Bank, Wipro and IndusInd Bank, cracking up to 4 per cent. On the other hand, NTPC, PowerGrid and Coal India were the only gainers on Sensex, rising up to 1 per cent. BSE Midcap and Smallcap indices to witnessed heavy selling, falling 1.79 per cent and 1 per cent, respectively.
communication of certain suspects and were intercepted from internet gateways (such as Airtel or Tata) in real time after the requisite legal process. The intercepts had given the agency crucial leads to nab suspects.
Division bench of Calcutta HC send the case back to single bench to consider intelligence inputs by state agencies.
No BJP ‘rath yatras’ in West Bengal for now, Calcutta HC overturns order
Kolkata: A day after a single-judge bench of the Calcutta High Court allowed BJP to take out its planned ‘rath yatra’ in West Bengal, another bench of the same court set aside the order in a setback to the saffron party. The division bench comprising Chief Justice Debasish Kargupta and Justice Shampa Sarkar send the case back to the single bench to consider intelligence inputs by state agencies. The BJP had received a green signal to hold rallies in West Bengal ahead of 2019 Lok Sabha polls from a singlejudge bench on Thursday which quashed the state government’s decision to refuse permission for the rallies over apprehensions of communal unrest. Justice Tapabrata Chakraborty
Sensex plunges 690 points; Nifty cracks below 10,800
Mumbai: Benchmark equity indices witnessed heavy selloff on Friday after investors booked profits in realty, banking, IT and auto bluechips amid weak signals from global markets. The BSE Sensex plunged 689.60 points, or 1.89 per cent, to 35,742.07, while the NSE Nifty slipped 197.70 points, or 1.81 per cent, to 10,754. The 30-share index ended the week 527.93 points lower, while the broader Nifty lost
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in his order noted that courts can interfere if administrative authorities exercise their discretionary powers in a whimsical manner. However, the verdict evoked criticism from the ruling Trinamool Congress which filed an appeal before the division bench of the Calcutta High Court seeking an immediate hearing terming the case as a matter of “urgent nature”.
The BJP had planned three ‘rath yatras’ touted as “Save Democracy” rallies -- one from Cooch Behar, in the northern part of the state -- and two others from Kakdwip, in the extreme southern part, and Tarapith temple in Birbhum district. All the three yatras would cover 42 Lok Sabha constituencies in Bengal – one of the few non-BJP states.
Journalist Vinod Verma linked to ‘sex CD’ case named Chhattisgarh CM’s advisor
Raipur: Senior journalist Vinod Verma, whose name had cropped in the “sex CD” episode last year, was appointed political advisor to Chhattisgarh Chief Minister Bhupesh Baghel on Thursday. The General Administration Department (GAD) appointed four advisors to the chief minister, an official statement said. While Verma was appointed political advisor to Baghel, another journalist Ruchir Garg, who quit as an editor of a Hindi daily and joined the Congress ahead of the just concluded assembly polls,
was named media advisor to the Congress chief minister. Besides, Pradip Sharma was appointed planning, policy, agriculture and rural development advisor and Rajesh Tiwari parliamentary advisor to Baghel, the statement said. Verma, a close confident of Baghel, was arrested from Ghaziabad in October 2017 by the Raipur police after a case of blackmailing and extortion was registered at the Pandri Police Station in Raipur on a complaint by Bharatiya Janata Party (BJP) leader Prakash Bajaj.
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Better sense prevails on angel tax proposal
It seemed that the bogey of the angel tax was refusing to die, its latest appearance being in the form of a renewed batch of income-tax notices to founders of startups seeking copies of tax and transaction details about investments by venture capitalists. This was the second time such notices were being sent out by the taxman since the imposition this February of a 30.9% tax on investments by external investors in startups. The incidence of the tax—on valuations deemed above fair value—permitted scope for discretion and, naturally, did not sit well in India’s startup ecosystem. The subjectivity creeps in from the manner in which startups are valued—on the discounted cash flow model, which ignores intangibles like goodwill and leads to differing perceptions about fair value. A tax notice can be particularly worrisome for a company still trying to find its feet in a hyper-competitive market. The attention of the taxman would have seriously upset plans to raise funds from foreign investors who have a very wide field to choose from. The allround clamour against such unwelcome interest was, hence, disproportionate, and eminently avoidable. Thankfully, better sense seems to have prevailed. Late on Thursday, the Central Board of Direct Taxes ( CBDT) said it was “committed to promotion of startups in India” and that after a high-level meeting it decided that valuations would be on the basis of a committee of “eminent experts”. The CBDT added that “no coercive action/measures to recover the demands of completed assessment under Income Tax would be taken”. That’s a welcome step. An estimated 400 startups in India receive angel funding every year and commerce and industry minister Suresh Prabhu was quick to heed the outcry from the startup ecosystem over tax notices and he had taken up the issue with the finance ministry. The department of industrial policy and promotion pointed out anti-money laundering provisions in the Income Tax Act exempt investments by alternate investment funds, but there is no similar exemption for individual investors. The government cannot be, therefore, faulted for insisting startups register with it. And over 14,000 startups have done so, not all of them seeking tax concessions. The National Democratic Alliance government has reserved a special place in its economic agenda for startups. It is certainly not insensitive to their special needs and had in April provided tax concessions for investments, including those made by angel investors, apart from other income-tax benefits.
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There is no Hichki 2, director clarifies
Mumbai: 2018 has been a great year for director Siddharth P. Malhotra who made his comeback to films with Hickhi starring Rani Mukerjee. With an unusual story about a protagonist suffering from Tourette syndrome Hichki was highly appreciated by the audience. The director, however, clarifies that contrary to reports, there is no sequel to the film. Siddharth
says, “There are no plans for the sequel. So I am very clear she is doing Mardani 2 and I am doing a different film right now. It’s a human relationship based film, and besides that, there is no Hichki 2.” Having last directed We Are Family with Kajol, Siddharth is also close friends with her and hopes to cast both Rani and Kajol together in a film.
Sense of Balance needed in this Industry, says Sara Ali Khan
Mumbai: Sense of Balance needed in this Industry, says Sara Actress Sara Ali Khan has emerged as a star right from her debut film Kedarnath. However, the actress has complete clarity on how to deal with pressures from the industry. “This industry can engulf you but you have to have a sense of balance, and you can’t let it get too much on your head. After the release of the film there will be a void. Because acting is a job, many people will be around you. So when
Katrina Kaif’s stardom is presented perfectly
New Delhi : Katrina Kaif starrer Zero hits theaters on December 21 and just one day before the release, the makers have released the song “Heer Badnaam”. The song features Katrina and it would not be an understatement to say that the actor has left us gobsmacked in the latest video. She plays the role of a popular actress and it looks like her character is struggling with alcohol in the film. The song will instantly remind you of the popular Punjabi track “Daru Badnaam” by Kamal Kahlon and Param Singh. The music of the hook line is just the same but other parts of the
questioned Dia in another tweet. When a social media user questioned Dia about why everything has become about competition between men and women, she commented, “It’s not about competition! It’s such a fundamental thing. If we hope to achieve equality we must be included in all conversations! Of course women are doing well. We are doing well despite the fact that we are excluded. And doesn’t that need to change?” The meeting, held in Mumbai on Tuesday, had a room full of men.
you are alone that’s when you learn how to deal with things,” she reasons. In response to her being touted as an intelligent actress, she says, “I am just educated and that’s why they are getting confused.” Ask Sara if she is a feminist and she replies, “I believe in equality. I believe in gender equality, class equality, religious equality and political and social equality. So if this is how one defines feminism, then yes, I am a feminist.” The actress will now be seen in Simmba.
Hollywood buzz
Zero song Heer Badnaam:
Bella Hadid is in a happy place!
song have been worked at differently. “Heer Badnaam” has been composed by Tanishk Bagchi and sung by Romy. The lyrics have been penned by Kumaar. In the video, Kaif plays an arrogant movie star and Shah Rukh’s Bauaa Singh is enchanted by her. Abhay Deol has a cameo in the film and he appears in this video as well. It appears as though Kaif and Deol have a romantic angle that has probably gone sour. Katrina looks stunning in the video and it looks like she has finally worked with a director who is going to make the most out of her acting abilities.
Dia Mirza: How can an entire industry be represented only by men?
Mumbai : Actor-activist Dia Mirza has been forthright in raising her concern about zero representation of women in a meeting held between a delegation representing Indian cinema and Prime Minister Narendra Modi. She says gender equality can only be achieved if women must be part of all conversations. “This is wonderful! Is there a reason why there were no women in this room,” Dia posted on Twitter as a comment on actor Akshay Kumar’s post upon meeting the PM. “How can an entire industry be represented only by men,”
Bollywood
Priyanka -Nick wedding reception was high on fun and dance Mumbai: Priyanka Chopra and Nick Jonas celebrated their togetherness with the Indian film fraternity on Thursday. The celebration took place at Taj Lands End in Mumbai and in attendance were many big stars from Bollywood including Salman Khan, Shahid Kapoor, Deepika Padukone, Ranveer Singh, Kangana Ranaut, Anushka Sharma and others. Badminton star Saina Nehwal also came with husband Parupalli Kashyap to congratulate the couple. With Ranveer attending a party, how can it not have a lot of dance and crazy fun? The livewire of Bollywood, Ranveer grabbed all the attention at PeeCee’s Mumbai reception as he circled around wife Deepika and Priyanka while they were dancing on Bajirao Mastani song “Pingaa”. He also pulled Parineeti Chopra to the dance floor. Later, he matched steps with the two Bollywood beauties on Dil Dhadkne Do song “Gallan Goodiyan” with Nick joining them. Urmila Matondkar shook a leg with the Simmba star on her song “Rangeela Re”.
A photo of Taimur cutting a cake in Cape Town, South Africa went viral on social media. In the photo, Taimur, clad in his denim jacket and red pants, sat on the table while Saif Ali Khan and Kareena Kapoor Khan arranged the cake.
los angeles : Bella Hadid loves horses, butterflies and, most of all, her boyfriend. The supermodel recently gave a candid interview about her happy life in a video for Vogue’s 73 Questions series, reports People.com. Among questions about her love of horses and horoscopes, Hadid was asked to name the person who makes her laugh the hardest and the most beautiful person she knows. To both, she sweetly replied, “My boyfriend.” However, what garnered the most attention was Bella’s answer to the question what she considers her biggest career success. While many might think that getting a high-fashion couture runway show or major photo shoot as her success, for Bella it is her mental state. “Probably my health and mental state right now,” Bella said, adding that kindness is crucial and will “always be in fashion.”
Men in Black International trailer: Chris Hemsworth and Tessa Thompson team up in black
Inside Taimur Ali Khan’s birthday celebration in Cape Town
Mumbai: Taimur Ali Khan turned a year older on Thursday. He rang in his second birthday with parents Kareena Kapoor Khan and Saif Ali Khan in South Africa. A photo of Taimur cutting a cake in Cape Town, South Africa went viral on social media. In the photo, Taimur, clad in his denim jacket and red pants, sat on the table while Saif and Kareena arranged the cake. The star kid, in another photo, posed with his mommy Kareena and an umbrella. The two-year-old looked adorable in his trendy shades and a red t-shirt. Meanwhile, aunt Karisma Kapoor missed her nephew on his birthday. Karisma posted a family photo where Taimur was seen with his grandparents, Babita
and Randhir Kapoor. She captioned it as, “️ Happy birthday Taimur ! #majormissing #family.” Earlier in the day, Karisma wished Taimur on his 2nd birthday with an overly cute picture of him with cousins Sameira Kapoor and Kiaan Kapoor. “Happy 2nd birthday to our little jaan! We love you the most !! #taimuralikhan #babynawab#mybabies,” wrote Karisma. Before flying to Cape Town, Kareena threw a pre-birthday bash for son Taimur. The party was attended by Soha Ali Khan and daughter Inaaya, Rannvijay Singha and daughter Kainaat, Karisma and children Sameira and Kiaan, Tusshar’s Kapoor song Laksshya and Kareena’s best friend Amrita Arora.
los angeles : The trailer for the first Men In Black spinoff film Men in Black International, starring Chris Hemsworth, Tessa Thompson and Liam Neeson, is out and it has brought back memories of the original franchise. Chris and Tessa star as Agents H and M, respectively. Liam plays the head of the London office of MIB and Emma Thompson reprises her role as Agent O from 2012’s Men in Black 3. The new trailer shows Tessa’s character has found the headquarters of MIB and wants to be recruited. She is assigned to a mission in London where she is paired with Chris Hemsworth’s character. The alien fights and the technology used to fight them transport us back to the original MIB days. The original franchise had Will Smith and Tommy Lee Jones in the lead roles.
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SPORTS ROUNDUP
Shakib Al Hasan stars as Bangladesh level T20 series vs West Indies
After losing the first T20 by eight wickets, Bangladesh kept alive its ambition of winning all three series formats following its 2-0 win in the Tests and 2-1 win in the one-day internationals. Dhaka : Captain Shakib Al Hasan produced a career-best 5-21 for Bangladesh to beat the West Indies by 36 runs and level their threematch Twenty20 series 1-1 on Thursday. Shakib also provided vital late runs when Bangladesh batted first, his 26-ball 42 studded with five fours and one six lifting them to a more-than-competitive 211-4 and their second highest T20 total in the day-night match. West Indies was in the chase at 98-3 in the 11th over until Shakib took three wickets in eight deliveries with his left-arm spin. West Indies was all out for 175 in 19.2 overs. “Always, it is special to contribute in the
team’s victory, whether it is in batting or bowling,” Shakib said. “Having said that, five wickets don’t matter, what matters is that we won an important game.” After losing the first T20 by eight wickets, Bangladesh kept alive its ambition of winning all three series formats following its 2-0 win in the Tests and 2-1 win in the one-day internationals. The series-deciding third T20 is on Saturday. Opener Liton Das launched Bangladesh by smashing 60 off 34 balls, his second half-century laced with six fours and four sixes after West Indies captain Carlos Brathwaite opted to bowl first, keeping the dew factor in mind.
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Barring the Commonwealth Games silver medal, it’s been a relatively lacklustre year for former World No. 1 Kidambi Srikanth.
Kidambi Srikanth: From World No. 1 to down a slippery slope
Mumbai : The first time he beat Lee Chong Wei in an Indian league match, Kidambi Srikanth had bristled at the tiny, but important victory wrongly being called ‘not a competitive match.’ Heading into the fourth season of the PBL while spearheading Bengaluru Blasters, Srikanth has scored that ‘competitive’ win against the legend this year — at the Commonwealth Games team finals, no less. He became the World No. 1 that same week, before his season became a slippery slope downhill, even as he’s learnt to skid to a stop and not fall over. India’s biggest success in men’s singles of the last decade, starts his campaign, cutting a far calmer frame than that jumpy kid who had slashed away at Chong Wei’s game with his explosive game, but wasn’t
mature enough back then in his sophomore year to deal with the flip side of fame and expectations. This edition sees India’s only Top 10 men’s shuttler who burst onto the scene as Lin Dan’s conqueror but took his time to consolidate thereafter, poised to perfection.
“It hasn’t been that great a year,” he says with measured pauses and no signs of snapping. “But I made quarters and semis consistently, so it’s not as bad as it looks,” he says. There was also the World No 1, tempered by “a few tough losses.”
Virat Kohli is as good as anyone I have seen, says Dennis Lillee
Mumbai: Legendary Australian seamer Dennis Lillee has heaped praise on India captain Virat Kohli while narrowing down characteristics that he possesses which make a batsman great. The Aussie bowler used to instill fear in batsmen with his sheer pace said Kohli’s ability to see the ball early and give himself that extra bit of time is as good as anyone. “I think he is a great player, There is no need for
me to even say because everyone knows that. What makes Virat great is first of all great technique, determination, balance and the time he has got to play the deliveries,” Lille was quoted as saying by Anandabazar Patrika. The fast bowling great added: “He seems to see the ball early and all great batsmen have those four things. Technique, determination, balance and the ability to see the ball early.
Steve Smith addressed the media for the first time at the Sydney Cricket Ground since the ball tampering scandal in South Africa. He is out of action for Australia until at least March 2019.
Steve Smith admits ‘making a big mistake’ with ball-tampering scandal Mumbai: Steve Smith has opened up for the first time since the ball-tampering scandal earlier in the year in South Africa which led to the then Australia captain being banned by the board until March 2019. In his first media address since facing the journalists at the Sydney Airport on return from South Africa, Smith admitted there were some dark days where he didn’t want to get out of bed. He credited the support of close friends and family in keeping him in good spirits. “I’m going OK,” Smith said at the SCG.”I’ve had tough days, I’ve had my ups and downs. But I’ve been really fortunate to have a close
group of people around me to help me through those difficult times,” he told reporters at the Sydney Cricket Ground. “There have been some dark days where I haven’t wanted to get out of bed and things like that. But I’ve had a close group of people around me to help me know that it’s OK. I’ve made a mistake and it was a big mistake and I’m trying to move on from that and improve as a person.” He also shed light on the details of the ball tampering attempt in itself. He said he had learned of the plan when he overheard a conversation in the team’s dressing room at Newlands.
Business
Delhi HC dismisses appeal against LIC AirAsia India inducts 20th plane, to add Mumbai in network move to acquire 51 pc stake in IDBI
New Delhi: The Centre on Thursday sought parliament’s nod for enhancingfundsearmarked for the recapitalisation of state-owned banks to Rs 1,06,000 crore from an earlier target of Rs 65,000 crore in the current financial year. This would enable infusion of over Rs 83,000 crore in the next few months in Public Sector Banks (PSBs), said a finance ministry official. The government is keen on boosting liquidity to the industry so that the economic growth could pick up and more jobs are created ahead of crucial Lok Sabha elections in 2019. The recapitalisation, finance minister Arun
New Delhi: The Delhi High Court on Friday dismissed an appeal against its single judge order rejecting a plea challenging the LIC’s move to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI). A bench of Chief Justice Rajendra Menon and Justice V K Rao said the single judge had considered all aspects before denying any relief to the All India IDBI Officers Association,
FinMin increases bank recap fund by Rs 35,000 crore Jaitley said, will enhance the lending capacity of state-owned banks and help them come out of the RBI’s Prompt Corrective Action (PCA) framework. Mr Jaitley said the recognition of non-performing assets in the public sector banks is complete, and the downslide in bad loans has begun. The finance ministry said that PSBs have alrea-dy recovered Rs 60,726 crore of the outstanding bad loans in the April-Sept-ember period, which it termed as a “record” haul. The ministry said that this recovery is more than double the amount recovered over the corresponding period last year.
which had opposed the Life Insurance Corporation (LIC) move on the ground that change in shareholding could take away IDBI’s public sector bank status. The association, in its appeal, told the bench that LIC’s move to acquire 51 per cent stake in the IDBI violated provisions of the Insurance Act. The court, however, did not accept the contention and said if there was any violation of the Insurance
Act, then the association has to approach the Insurance Regulatory and Development Authority (IRDAI). “We cannot hold any enquiry into whether the Insurance Act was violated. Go to IRDAI,” the bench said. The LIC, meanwhile, told the court that the amount it was investing in the bank was just one per cent of its entire funds and assured the bench that interests of its policy holders are protected.
Both companies jointly conducted India’s first trial of Licensed Assisted Access (LAA) technology over a live 4G network.
Airtel, Ericsson claim 500 Mbps download speed on smartphones under new tech
New Delhi: Telecom operator Bharti Airtel and Swedish telecom gear maker Ericsson on Friday claimed to have achieved broadband download speed of 500 Megabits per second (Mbps) on smartphones during live trial of a new technology. “During the trial, data download speeds of over 500 Mbps were recorded on smartphones in an indoor environment. In outdoor environment, peak download speed of more than 400 Mbps was achieved with coverage of about 180 meters from the base station. The trial was conducted in Delhi-NCR,” Airtel and Ericsson said in a joint statement. Both companies jointly
conducted India’s first trial of Licensed Assisted Access (LAA) technology over a live 4G network. LAA is a key technology wherein operators evolve their networks to achieve gigabit LTE (4G) by opening up previously
untapped resources of unlicensed spectrum delivering speeds once thought only possible over fiber. LAA enables the use of unlicensed spectrum in the 5 GHz band in combination with the licensed spectrum. “Airtel used one LTE 5 MHz carrier aggregated with three 20 MHz carriers of unlicensed spectrum. Together with 4CC carrier aggregation, 4x4 MIMO and 256 QAM technologies, the trial was conducted using Ericsson Radio System,” the statement said. Theoretically, a full high definition two-hour long video can be downloaded in about a minute and standard definition video in few seconds.
Mumbai: Budget carrier AirAsia India on Friday announced the induction of 20th aircraft in its fleet, making it eligible to fly on international routes. The Tata Sons-Air Asia invested joint venture airline also said it will add Mumbai in its network from early next year with the launch of daily flight services to the country’s financial hub from Bengaluru, starting January 15. This will be Malaysian airliner group’s third entry into the Mumbai market after discontinuing the services to the city first by AirAsia Berhad in 2012 and then by its subsidiary Indonesian AirAsia X in April this year. “We are pleased to make the much-awaited
announcement of adding Mumbai to our network. We’re also happy to welcome our 20th Airbus A320 aircraft to our fleet,” Sunil Bhaskaran, chief executive officer, AirAsia India, said in a release. The daily services on the Bengaluru-Mumbai route will commence from January 15, the airline said. Launched in June 2014, AirAsia India is 51 per cent owned by Tata Sons, while the remaining 49 per cent stake are held by Malaysian no-frills carrier AirAsia Berhad. The delivery of the 20th Airbus A320 plane to AirAsia will help it launch flight services in international markets as well.
Rupee slips 37 paise against US dollar in trade
Mumbai: The rupee fell by 37 paise to 70.07 against the US dollar in early trade on Friday amid strengthening of the US dollar against some currencies overseas and foreign fund outflows. Forex traders said besides increased demand of the US currency from importers, the dollar’s strength against some currencies overseas weighed on the rupee. The rupee opened lower at 69.93 against the dollar and dropped further to quote at 70.07, 37 paise down over its previous close. On Thursday the domestic currency appreciated
by 69 paise to close at 69.70 against the US dollar. Traders said a lower
opening in domestic equity market, rising crude prices and foreign fund outflows put additional pressure on the local unit. Globally, Brent crude, the international benchmark, was trading 1.27 per cent higher at USD 55.04 per barrel.
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PM Modi arrived at the Vadodara airport today morning, where he was received by Gujarat CM Vijay Rupani and Deputy CM Nitin Patel, a state government release said.
PM Modi arrives in Gujarat to attend DGPs conference
Vadodara : Prime Minister Narendra Modi arrived at the Vadodara airport today morning, where he was received by Gujarat Chief Minister Vijay Rupani and Deputy Chief Minister Nitin Patel, a state government release said. From the airport, Modi left for the Statue of Unity near Kevadiya in Narmada district to attend the annual conference of DGPs and IGPs. The venue for the meet is a ‘tent-city’ set up near the 182-metre tall statue dedicated to country’s first Home Minister Sardar Vallabhbhai Patel. The three-day event began on Thursday in the presence of Union Home Minister Rajnath Singh. Before heading for the conference, Modi visited the Statue of Unity, the world’s tallest statue, which he had unveiled on October 31. Modi also paid floral tributes to Sardar Patel. The PM tweeted that the
discussions at the DGPs/IGPs conference would strengthen the country’s “security apparatus”. “Reached Kevadia
in Gujarat for the Conference of DGPs/IGPs. Looking forward to fruitful deliberations that will strengthen our security
apparatus,” he said in the tweet. “Paid tributes to the great Sardar Patel at the ‘Statue of Unity.’ As India’s Home Minister, his contribution towards building the framework of our security systems is immense,” the PM added. In another tweet, Modi urged the countrymen to visit the world’s tallest statue. “I would specially urge you all to visit Kevadia and see the ‘Statue of Unity’. Some friends told me that the Statue can also be seen during Delhi-Mumbai flights. So, next time you are flying that route do try to spot the Statue,” Modi said in another tweet. On Saturday, Modi is scheduled to address the BJP women’s wing workers on the last day of a national convention of the party’s Mahila Morcha at Trimandir, a temple complex near Adalaj village in Gandhinagar.
SB Energy, Fortum and Engie win entire 700 MW; lowest tariff goes up by 40 paise to Rs 2.84 per unit Living in rooms by looms: Fate of migrant workers in Surat
Foreign players sweep Gujarat solar auction
Vadodara : Foreign developers won the entire 700 MW being bid for at the solar auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL) on Friday, with the Softbankbacked SB Energy winning 250 MW at the lowest tariff of Rs 2.84 per unit. Finnish developer Fortum also bagged 250 MW while French major Engie got 200 MW, both bidding the same price of Rs 2.89 per unit. The last auction conducted by GUVNL in September for 500 MW had seen a lowest winning tariff of Rs 2.44 per unit. The rise of 40 paise has been welcomed by developers and analysts, as it had been feared for some time that developers in their zeal to win projects had been making unrealistically low bids. “That the tariff has gone up is an encouraging sign,” a
developer said. “It means that sanity has returned into the market. People are now pricing in the higher cost of capital, and the volatility of the currency,” the person said on condition of anonymity. Panels and modules used in Indian solar projects are mostly imported. Another
Rs 400-cr fisheries scam: Gujarat HC refuses to quash complaints against BJP minister, ex-minister
ahmedabad : In a blow to two BJP leaders — MoS Fisheries Parshottam Solanki and former minister Dileep Sanghani– the Gujarat High Court rejected their petitions seeking quashing of complaints against them in the alleged Rs 400 crore fisheries scam. The two, who were ministers in the then Gujarat Chief Minister Narendra Modi’s government, had moved the high court in 2017 after the Gandhinagar district court took cognizance of the alleged offence and issued notices to them. “Court said that there is substance in the petition to entertain them. The HC was of the opinion that the lower court rightly issued notice and there is no need to interfere in the process,” said advocate Vikram Thakor, who appeared for complainant Ishaq Maradia. The district court, while issuing the summons, said there was enough material against the accused to be tried in the court, following which the accused moved the high court that stayed the proceedings of the lower court.
reason for the increased tariff is that the projects have to be located in a solar park, unlike those of the last auction, experts said. “The tariff is 40 paise higher because of solar park charges,” said Vinay Rustagi, managing director at solar consultancy Bridge To India.
Shri R S Sodhi, Managing Director, AMUL awarded Honorary Degree of Doctor of Science (Honoris-Causa) by the Honorable Governor of Gujarat and Honorable Chancellor of Anand Agriculture University
ahmedabad : Shri R S Sodhi, Managing Director, AMUL was awarded Honorary Degree of Doctor of Science (HonorisCausa) by Shri O P Kohli, Honorable Governor of Gujarat and Honorable Chancellor of Anand Agriculture University today at the 15th Annual Convocation of Anand Agriculture University (AAU), Anand. Shri Sodhi received Honorary degree in august presence of Shri R C Faldu, Honorable Minister of Agriculture, Rural Development, Fisheries and Transport,
Government of Gujarat, Dr. N C Patel, Honorable Vice Chancellor, AAU and Dr. N S Rathore, ICAR, New Delhi. AAU is one of the four Agriculture University of the state. Agriculture University in the state was set up in during time of Independence to provide support to the farming community in three facets namely education, research and extension activities in field of Agriculture, Dairying, Animal Husbandry, Horticulture Engineering, Product Processing and Home Science.
Surat : Hadu Bahera owns a ‘home’ for 12-hours every day. During this time, the 51-year-old loom worker inhabits a sixby-three-feet space in a dingy room on Ved Road in north Surat. His co-worker uses the same space for the other 12 hours – depending on their shifts, from 7 a.m. to 7 p.m. or the reverse. The occasional ‘holidays’ – when there is a power cut – are days to be dreaded. Nearly 60 workers must then fit into a 500-square feet room at Mahavir Mess, where Bahera is presently space-sharing. The summer months – when temperatures reach 40 degrees Celcius – are miserable.
international Japan’s govt approves record defence spending, seventh straight annual hike
Tokyo : Japan’s government approved a record defence budget on Friday that has expanded by almost 12 percent over seven years as Tokyo tries to counter growing Chinese military might in the East China Sea and guard against the threat posed by North Korean ballistic missiles. The budget for the year starting April 1 will rise 1.4 percent to 5.26 trillion yen ($48 billion). The budget request requires approval by parliament, where it has a majority. The biggest outlay is an initial 176 billion yen payment on two U.S.built, ground-based Aegis Ashore air defence radars that can track and target ballistic missiles in space. Japan will also spend 68 billion yen
to buy six F-35 fighters. Japan said in a midterm defence procurement plan last week it would order more advanced stealth fighters over the next several years, including short take-off and vertical landing versions to help bolster defences along its islands at the edge of the East China Sea. Japan also remains wary of North Korean promises to abandon nuclear weapons and ballistic missiles, which it has described in a defence white paper as its “most serious and pressing threat”. Japan also remains wary of North Korean promises to abandon nuclear weapons and ballistic missiles, which it has described in a defence white paper as its “most serious and pressing threat”.
Seoul : A US appeals court on Thursday halted a lawsuit accusing President Donald Trump of violating anti-corruption provisions in the US Constitution, saying it would review crucial preliminary rulings that allowed the case to proceed. The Richmond, Virginia-based 4th US Circuit Court of Appeals said it would review a set of lower court rulings that allowed Democratic attorneys general of Maryland and the District of Columbia to move forward with the case. The appeals court said it would hear oral arguments in the case in March and froze legal discovery in the case, evidence-
gathering that could force disclosure of Trump’s financial records. US Department of Justice lawyers representing Trump had urged the appeals court to step in, rather than wait until a final judgment in the case was issued. “The complaint rests on a host of novel and fundamentally flawed constitutional premises, and litigating the claims would entail intrusive discovery into the President’s personal financial affairs and the official actions of his Administration,” the Justice Department said in a court filing.
US appeals court grants Donald Trump request for halt to emoluments case
A new Russian first lady? Vladimir Putin hints he may marry again
Moscow : Russian President Vladimir Putin said on Thursday he’d probably have to get married again, but did not say to whom. Putin, 66, who jealously protects his privacy and that of his close family, was replying to a question posed by a reporter at his annual press conference, which focused mainly on international relations and the state of the
economy. “As a respectable person, I will have to do this at some point,” Putin said, smiling. Putin was married to Lyudmila Putina from 1983 until their divorce, announced in 2013. Their daughters, Katerina and Maria, both in their early 30s, are not involved in politics and have stayed firmly out of the limelight. Since he divorced his wife Lyudmila, rumours
have swirled around Putin’s personal life. One Russian newspaper report said he was in a relationship with Alina Kabaeva, a former Olympic gymnast, though Putin rejected the assertion. Reuters reported in 2016 that a businessman with ties to associates of Putin had transferred ownership of properties to Alina Kabaeva’s sister and grandmother.
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