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August 07, 2021 I Saturday YEAR : 7 I ISSUE NO.: 204 PAGES : 4 I PRICE : ₹.1/Annual Subscription : ₹.300/Editor: Kapilkumar M. Hirpara www.sunvillasamachar.com AHMEDABAD EDITION
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Today Rabindranath Tagore’s 80th death anniversary
SUNVILLA SAMACHAR
03 Sara Ali Khan told she can’t enter Vaishno Devi if she has committed ‘paap’
LEADING ENGLISH DAILY MORNING NEWSPAPER, AHMEDABAD
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Big victory for Amazon as SC allows its appeal against FRL-Reliance deal Page : 2
RBI Monetary Policy: Repo rate unchanged at 4%, accommodative stance as long as necessary Page : 3
Khel Ratna will be now called the Major Dhyan Chand Khel Ratna Award: PM Modi
“Respecting their sentiment, the Khel Ratna Award will hereby be called the Major Dhyan Chand Khel Ratna Award! Jai Hind,” PM Modi wrote on Twitter.
BJP govts did not hike power tariff for farmers by a paisa in 25 yrs: Vijay Rupani Page : 4
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Agency News: New Delhi The Rajiv Gandhi Khel Ratna Award, the highest sporting honour of India, has been renamed Major Dhyan Chand Khel Ratna Award, Prime Minister Narendra Modi announced today. The renaming recognises the ultimate hockey hero and legend of the sport, Dhyan Chand.The Prime Minister said the move was based
on the numerous requests he received from across the nation“I have been getting many requests from citizens across India to name the Khel Ratna Award after Major Dhyan Chand. I thank them for their views.“Respecting their sentiment, the Khel Ratna Award will hereby be called the Major Dhyan Chand Khel Ratna Award!” tweeted the Prime Minister with #JaiHind.The change
Congress leader Pardeep Chhabra quits party The actress was last seen in Netflix’s Ajeeb Daastaans.
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Rajasthan Facing Complicated Financial Situation Due To Covid: Ashok Gehlot Rajasthan is going through a complicated financial situation due to the adverse circumstances of COVID-19 and a decline in revenue earnings, along with the increasing state share in centrally-sponsored schemes, non-payment of GST compensation by the Centre and the transfer of an amount that is less than what is estimated under the 15th Finance Commission, Chief Minister Ashok Gehlot said on Thursday. However, despite the challenging situation, the state government is accelerating projects in the education, health, infrastructure, electricity and other sectors with economic reforms and efficient management of resources, he added.
“Unacceptable”: India Slams Islamic Nations’ Group For J&K Remarks India on Thursday slammed the Organisation of Islamic Cooperation (OIC) over its references to Jammu and Kashmir and said that the body has no locus standi in matters related to the Union Territory, which is an integral part of the country. “We categorically reject yet another unacceptable reference to the Union Territory of Jammu and Kashmir issued by the General Secretariat of OIC. OIC has no locus standi in matters relating to the Union Territory of Jammu and Kashmir, which is an integral part of India,” Ministry of External Affairs said in a statement. India also advised OIC General Secretariat not to exploit its platform for comments on internal affairs.
Iran President Raisi backs India’s role in establishing security in Afghanistan
The Congress had replaced Chhabra, who also remained the city’s Mayor earlier, with Subhash Chawla as party’s city unit chief in February this year. Agency News: New Delhi Senior Congress leader from Chandigarh Pardeep Chhabra, who has been at loggerheads with the party’s incumbent city unit president, on Friday announced his decision to resign from the party’s primary membership. Chhabra’s move came a day after the party’s
Mother, Daughter Among 3 Killed In House Fire In Madhya Pradesh: Police Agency News: Jabalpur A woman, her sevenyear-old daughter and sister were charred to death in a fire that broke out at a house in Gorabazar locality of Madhya Pradesh’s Jabalpur city on Friday, police said. The blaze erupted around 3 am, when five members of a family were asleep in their duplex house, subinspector Shadev Sahu of the Gorabazar police station said. The security guard of the colony noticed smoke coming out of the house and raised an alarm, following which the fire department was pressed into service, the official said. Neha Soni (32), her sister Ritu Soni (39) and niece Pari, who were sleeping on the first floor of the house, were completely charred to death, while Neha’s husband Aditya and mother-in-law Aruna (70) were rescued, he said. According to the police, Aditya is employed with the West Central Railway, and Neha’s sister Ritu and niece Pari had come down from Bhopal for a visit a few days ago.
comes at a time India’s hockey teams have captivated the imagination of the nation with their performance at the Toyko Olympics. The women’s hockey team today narrowly missed out on a bronze medal drawing curtains on its spirited show at the Olympics. Yesterday, the men’s hockey team won an Olympic bronze after a wait of 41 years.“The exceptional performance of the Men’s and Women’s Hockey Team has captured the imagination of our entire nation. There is a renewed interest towards Hockey that is emerging
across the length and breadth of India. This is a very positive sign for the coming times,” the Prime Minister said in another tweet, just before announcing the new name for the award.Dhyan Chand, whose birthday is celebrated as National Sports Day, won three Olympic golds for the country. “Major Dhyan Chand is India’s most legendary & loved sporting icons; it is only befitting that India’s Highest Sporting Honour be named after him. “His life and achievements have inspired generations of sportspersons who have achieved glory
“Glad We Have Put An End To It”: P Chidambaram On Retro Tax Withdrawal “The Taxation Laws (Amendment) Bill, 2021” was passed by the Lok Sabha on Friday.
With Lok Sabha passing a bill that aims to end all retrospective taxation, senior Congress leader and former finance minister P Chidambaram Friday said he is glad that an issue that had been troubling India for eight years has been put to an end. “The Taxation Laws (Amendment) Bill, 2021” was passed by the Lok Sabha on Friday.When it is also passed by Rajya Sabha, all tax demands made on companies like Cairn Energy and Vodafone using a 2012 legislation on indirect transfer of Indian assets prior to May 28, 2012 will be withdrawn. PromotedListen to the latest songs, only on JioSaavn. com “On the withdrawal of the Retrospective Tax
(Vodafone), I am glad that we have put an end to an issue that has been troubling us for 8 years,” Mr Chidambaram said in a tweet.The Finance Act 2012, which amended various provisions of the Income Tax Act, 1961 with retrospective effect, contained provisions intended to tax any gain on transfer of shares in a nonIndian company, which derives substantial value from underlying Indian assets, such as Vodafone’s transaction with Hutchison in 2007 or the internal reorganisation of the India business that Cairn Energy did in 2006-07 before listing it on local bourses.
Agency News: New Delhi Iran’s new President Ebrahim Raisi on Friday backed India’s role in the establishment of peace and security in Afghanistan and highlighted the need for a joint plan to elevate relations between Tehran and New Delhi.Raisi, who was formally sworn in on Thursday, made the remarks during a meeting with external affairs minister S Jaishankar, who represented India at the inauguration. Jaishankar tweeted after the meeting that there is “convergence” between the two sides on regional interests.Jaishankar’s two-day
visit to Tehran coincided with India walking a diplomatic tightrope in its current role as president of the UN Security Council following demands from Britain and the US for a discussion on a deadly tanker attack off the coast of Oman that has been blamed on Iran. At his meeting with Jaishankar, Raisi stressed the importance of close cooperation and coordination between India and Iran in developing regional peace and stability, according to a statement from the Iranian president’s office. Iran and India can play a constructive and useful role in ensuring security in the region.
Schools in Karnataka to reopen in two phases: CM Bommai Schools for classes 9 to 12 will start in alternate batches from August 23, with each batch attending classes three days a week, said Karnataka chief minister Basavaraj Bommbai after a meeting with experts. Agency News: New Delhi
Agency News: New Delhi city unit served him a notice over his alleged anti-party activities. “Today, I resign from the primary membership of @INC India,” Chhabra tweeted. In his tweet, he also mentioned, “An upright man shall never tolerate indignation & lies. Knowing when to walk away is #Wisdom, being able to is #Courage, Walking away with your head held high is #Dignity..,” Chhabra, a former chief of the party’s city unit, said.The Congress had replaced Chhabra, who also remained the city’s Mayor earlier, with Subhash Chawla as party’s city unit chief in February this year. In the past few weeks, Chhabra had been attacking Chawla alleging that he was being ignored and not being called for party meetings.
for India,” Sports Minister Anurag Thakur tweeted after the announcement. Commending the decision, former hockey skipper Ajitpal Singh noted though the recognition came in late, it’s better than never.“It’s a welcome move. It’s a good decision which the Prime Minister has taken. Sports awards should always be in the name of sportspersons and there is no bigger sportsperson in the country other than Dhyanchand ji. The recognition came late but better late than never,” Mr Singh.
Karnataka chief minister Basavaraj Bommai on Friday announced that the state government has decided to reopen schools in two phases. Schools for classes 9 to 12 will start in alternate batches from August 23, with each batch attending classes three days a week, said Bommbai after a meeting with experts. The meeting over coronavirus disease (Covid-19) was attended by Dr Devi Shetty,
Dr Manjunath, Dr Ravi, Dr Sudarshan, the health department and the education department. The newlyappointed Karnataka CM said that the present Covid-19 situation, positivity rate and Centre’s guidelines were discussed during the meeting. The decision about reopening of schools for up to Class 8 will be taken in the last week of August after looking at all aspects of a possible third Covid-19 wave. “All this is what the experts suggested. Covid-19
task force will be formed soon,” added Bommai. While night curfew will be imposed throughout the state from 9pm to 5am, the night and weekend curfew will continue as is in districts bordering Kerala and Karnataka, according to the latest announcement. Bommai said that the state government has directed the police to strictly monitor the curfew. On Thursday, Karnataka reported 1,785 new Covid-19 cases and 25 related deaths.
“Keep Your Fighting Spirit Up”: Naveen Patnaik To Women’s Hockey Team
Opposition leaders to join protesting farmers at Jantar Mantar Agency News: Bhubaneswar
Several opposition party leaders will on Friday go to Jantar Mantar here to express solidarity with farmers protesting against the contentious farm laws and participate in the ‘Kisan Sansad’.
Odisha Chief Minister Naveen Patnaik on Friday congratulated the Indian women’s hockey team for putting up a brave fight against Great Britain at Tokyo 2020 Olympics. Taking to Twitter, the Chief Minister said, “Congratulate the Indian Women’s Hockey Team for putting up a brave fight against Great Britain at Tokyo 2020. Keep your fighting spirit up and keep inspiring. Wish you all the very best for the future.” Stating that the recent performance of the Indian women’s hockey team at the ongoing Tokyo Olympics reflects the spirit of New India.
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SUNVILLA SAMACHAR Editorial
SUNVILLA SAMACHAR
withdrawal of provision for retrospective taxation is a pragmatic step
The union government has in effect extended an olive branch to global investors to pour fresh investments into India with its withdrawal of the provisions for retrospective taxation. Government had promised to waive all retrospective tax claims against corporates, in thiscase, Vodafone and Cairn, on these companies giving undertaking to withdraw all existingcases against India and also promises not to pursue legal costs for fighting law cases for lastso many years.India was fighting a long drawn out battle with two major multinational corporations over taxclaims against them on the basis of the retrospective taxation provision which wasformalised in the finance Bill of 2012. Both the companies had own international arbitration against India on appeal from these twocompanies in The Hague and in Singapore. Only recently, a court case in France wasawarded in favour of Cairn to attach all Indian government owned assets in the Frenchjurisdiction as compensation for the companies against Indian tax claims and the costs forthe legal disputes in connecting with these cases. The arbitration awards were inconvenient and were proving to be a kind of economicambush of India at unknown locations and at short notices. But above all, these cases were proving to be embarrassment for the country and acted as adisincentive for foreign direct investors. These incidents of attachment of Indian assets andcontinuing throwing of darts were giving a bad image to India.The provision for retrospective taxation was introduced by the then Pranab Mukherjee in hislast budget as finance minister in 2012. It was felt that overseas companies had made hugecapital gains on Indian assets when overseas investors holding these assets had sold theseto others.That is, if as an overseas investor you have been owning some assets within India andmade an offshore deal for sale of these assets, the capital gains for the seller was subject toIndian taxation even though the transaction was held outside of India in other tax jurisdictions.These claims were applied to two prominent overseas investors in India, Vodafone, whichwas engaged in telecommunications business in India, and on Cairn India Ltd, engaged in oiland gas operations in India. The claims against these companies were substantial. The amounts claimed apart, the tax raised several issues in the minds of overseas investors. They were concerned over the fact that Indian tax authorities were empowered to levy tax on transactions made many years back, sometimes going back to 1961.Any retrospect tax claims are controversial. It introduces an element of uncertainty ininvestor relationship with host countries. However, these also depend on the host countrywhich is slapping the tax claims.If China or the USA or even the United Kingdom had levied such claims on foreign directinvestors, they could just as well have carried it thorough. No company in its senses wouldhave gone on to challenge these claims and would have meekly subjected itself to these taxes.In case of China, even minor conflicts with the Chinese authorities result in severe rulingsagainst overseas investors. Some of the largest US tech giants have been subjected toharshest treatment on minor lapses in Chinese eyes and have promptly capitulated toChinese arms twisting.The entire issues turns on what economic might you have and how much is your ability to punish.China apply bans intransigent companies from its huge markets and as a result thecompanies tend to submit. Even the German government has often capitulated to Chinesedemands.So much so, that German foreign policy was influenced by their economic calculations, eventhough Germany often tried to paint itself as the high priest of global human rights proponentand protector. Germany has conveniently overlooked Chinese treatment of Uighur Muslimminorities, and even avoided towing the policy prescriptions of the champions of globalhuman rights proponents.One of the largest car makers in the world, Volkswagen, is virtually held hostage to Chinaand their outlandish demands because over 40 per cent of the market for tis products is in China.Foreign direct investors have to give in to Chinese demands for technology transfer, even insensitive dual-use areas, as a precondition for operations - Kapilkumar M. Hirpara in the Chinese markets.
Editor
Uttarakhand Not To Use “East Pakistan” On Certificates Of Displaced Bengalis Chief Minister Pushkar Singh Dhami met the representatives of the Board of Directors of Uttarakhand State Block on Thursday, listened to their problems, and assured them of solutions. Agency News: New Delhi Dehradun: Uttarakhand Chief Minister Pushkar Singh Dhami on Thursday announced that the “East Pakistan” word would no longer be used in the certificates that are issued to the members of the Bengali community living in Udham Singh Nagar district. On Thursday, at the Chief Minister’s residence, Mr Dhami met the representatives of the Board of Directors of Uttarakhand State Block,
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Big victory for Amazon as SC allows its appeal against FRL-Reliance deal The bench, headed by justice Rohinton F Nariman, affirmed the single judge order of the Delhi high court and upheld the enforceability of a Singaporebased Emergency Arbitrator (EA) award in favour of Amazon Agency News: New Delhi In a major victory for the Amazon.com Inc., the Supreme Court on Friday
SEBI Is Unreasonably Holding Rs. 25,000 Crore of Sahara And Investors Agency News: Lucknow In the Sebi’s Annual Report released on 4 th August 2021, SEBI admits that it has repaid only Rs. 129 Crore to Sahara’s investors while the money deposited by Sahara is Rs. 23,191 Crore including interest, as on 31 st March 2021. However as per Sahara’s estimate the money deposited in Sahara SEBI account including interest is around Rs. 25,000 Crore. SEBI is unreasonably holding Rs. 25,000 Crore money of Sahara and it’s investors. SEBI after giving four rounds of advertisements in 154 newspapers in the last 9 years across the country has repaid only Rs. 129 Crore to the esteemed investors of Sahara. In its last advertisement that was published in April 2018, SEBI made it clear.
held that it could validly seek an interim order from the Singapore arbitral tribunal which had halted the Future Group’s $3.4 billion sale of retail assets to Mukesh Ambani’s Reliance Industries
Ltd (RIL).The bench, headed by justice Rohinton F Nariman, affirmed the single judge order of the Delhi high court and upheld the enforceability of a Singapore-based Emergency Arbitrator (EA) award in favour of Amazon. Reading out the operative part of the order, justice Nariman said the EA award was upheld under Section 17 of the Arbitration and Conciliation Act, 1996. The provision prescribes a mechanism for parties to an arbitration to seek interim reliefs from the arbitral tribunal during the pendency of the arbitral proceedings.
Malaika Arora strikes a pose in the embellished choli and red lehenga.
Johnson & Johnson applies for approval of its single-dose India reports 44,643 new COVID-19 Covid vaccine in India
cases, 464 deaths in the last 24 hours
Agency News: New Delhi Johnson & Johnson, the 134-year-old American pharma conglomerate, has now applied to the Central Drug Standard Control Organisation of India seeking emergency use approval of its single-shot vaccine. Earlier, the company had applied for a trial but as the Centre has now done away with the provision of trial for reputed and recognised vaccines, the Centre asked the vaccine maker to directly apply for approval. J&J then withdrew its earlier application and, in a statement issued on Friday, the company informed that on August 5, the company submitted its emergency use approval application. “This is an important milestone that paves the
Agency News: New Delhi
way to bringing our singledose COVID-19 vaccine to the people of India, and the rest of the world, through a collaboration with Biological E. Limited. Biological E will be an important part of our global supply chain network, helping to supply our Johnson & Johnson Covid-19 vaccine through the extensive collaborations and partnerships we have with governments, health authorities and organisations such as Gavi and the COVAX facility,” the company said in a statement.
India reported 44,643 fresh COVID-19 cases and 464 deaths in the last 24 hours. As per the Union Health Ministry, 41,096 people recovered taking the total recoveries to 3,10,15,844. With this, the cumulative number of COVID-19 cases has reached 4,14,159 including 49,53,27,595 total vaccination. On Thursday, India reported 42,982 fresh COVID-19 infections and 533 deaths. The weekly positivity rate in the country remains below 5 per cent and is currently at 2.37 per cent. Also, the daily positivity rate, which is currently at 2.58 per cent, remained below 3 per cent for the last 10 days. The recovery rate now stands at 97.37 per cent, . To combat COVID-19, India has ramped up
BSP will support Centre if it takes concrete steps for holding OBC census: Mayawati Agency News: Lucknow Lucknow: Bahujan Samaj Party (BSP) chief Mayawati on Friday said that her party will support the central government in Parliament and outside if it takes constructive steps for conducting a census of the Other Backward Classes (OBCs). The BSP supremo’s remarks came hours after Bihar Chief Minister Nitish Kumar sought an appointment with Prime Minister Narendra Modi to discuss the tricky issue of caste-based census which the Centre has proposed to hold only for SCs and STs. “BSP has been
Mayawati’s remarks come close on the heels of Bihar CM Nitish Kumar on Thursday seeking an appointment with PM to discuss the tricky issue of the caste-based census. demanding census of OBCs in the country. If the central government takes any positive step in this direction, BSP will definitely support it both inside and outside the Parliament,” Mayawati said in a tweet in Hindi. Nitish Kumar had on Thursday said that he wanted to discuss with the PM the tricky issue of caste-based census which the Centre has proposed
to hold only for SCs and STs, triggering protests in the state. The Union government had informed the Parliament last month that a headcount of only the Scheduled Castes and Scheduled Tribes was proposed. This has led to renewed demands that the population of all castes be ascertained afresh in course of the census. “My letter to the
The country had reported 42,982 fresh COVID-19 infections and 533 deaths on Thursday The weekly positivity rate in the country remains below 5 per cen
its COVID-19 testing capacity substantially to 47.48 crore tests so far. After weeks of decline, daily coronavirus cases in India are rising again fuelling speculations of the beginning of a third wave. Last month, Niti Aayog member (health) VK Paul had warned about the third wave saying the next 100 days are crucial. During the press briefing
Jolly LLB 2: Rajasthan HC dismisses defamation case against Akshay Kumar On Wednesday, a bench of Justice Satish Kumar Sharma said that the ACMM court “order has been passed without due application of mind and without considering all relevant aspects of the matter,” and quashed the order. Agency News: New Delhi
PM has been dispatched. Once he gives an appointment we will take the matter forward”, the Bihar Chief Minister told reporters.
The Rajasthan High Court has dismissed a defamation case against actor Akshay Kumar over his 2017 film Jolly LLB 2. In 2017, the court of Additional Chief Metropolitan Magistrate, Jaipur Metropolitan Sanganer, had taken cognizance under
Rabindranath Tagore death anniversary: Celebrating the genius with some of his best words
listened to their problems, and assured them of their solutions. Taking to Twitter, Mr Dhami tweeted in Hindi, “Today, in Udham Singh Nagar, it was announced to remove the word “East Pakistan” from the caste certificate issued to the displaced Bengali community in the area and make Shakti Farm a sub-tehsil. Its proposal will be brought to the cabinet soon. Also, I met the public under the leadership of MLA Sitarganj Saurabh Bahuguna.” The Chief Minister also highlighted the future works that are likely to be taken up in the state after meeting the representatives. In a tweet, Mr Dhami said, “Soon, along with the mining policy, changes in other policies.
“Let my thoughts come to you, when I am gone, like the afterglow of sunset at the margin of starry silence.” Tagore died at the age of 80 on August 7, 1941, according to the Gregorian calendar. But, his death anniversary is observed in Bangladesh on Sraban 22 of the Bangla calendarRabindranath was the first non-European poet to win the Nobel Prize for literature. He won it in 1913 for Song Offerings, the English translation of Gitanjali, an anthology of his lyric poems.His compositions were chosen by two states as their national anthems —
Bangladesh’s Amar Shonar Bangla and India’s Jana Gana Mana.Rabindranath restructured the Bangla language and literature in the 19th and the 20th centuries through his literary works. On the anniversary, homage would be paid to the poet for his genius evidenced in all branches of Bangla literature. Rabindranath left a profound mark on Bengali culture through his music and the performing arts.He wrote his first poem at the age of eight
and wrote his first substantial collection of poems under the pen name Bhanushingha.He composed about 2,230 songs, wrote eight novels, 84 short stories and countless poems and they remain a source of inspiration for the Bengalis.He modernised Bangla language and literature through his writings aiming to bring it closer to the spoken language. His poems, short stories and novels are acclaimed for their lyricism, naturalism, colloquialism and most
all for their contemplative character.The youngest of the 14 children of Debendranath Tagore and Sarada Devi, Rabindranath was nurtured in a culture-infused atmosphere of the famous Tagore family. Rabindranath was a trendsetter playwright as his plays Raktakarabi, Dak Ghar and Achalayatan show.He spent a good portion of his time in the then East Bengal, now Bangladesh. He composed many immortal poems and songs.
of the Union health ministry, Dr Paul said that numbers show the world is moving towards a third wave. He further said that the warning issued by the World Health Organization (WHO) about the third wave cannot be taken lightly as Prime Minister Narendra Modi has also warned about the alarming situation.
section 499 of the Indian Penal Code (defamation) against Kumar on the basis of the trailer of the film and had issued summons. Kumar had then approached the High Court challenging the order. On Wednesday, a bench of Justice Satish Kumar Sharma said that the ACMM court “order has been passed without due application of mind and without considering all relevant aspects of the matter,” and quashed the order. The learned trial court was obliged to consider the trailer in context of the entire film.
SUNVILLA SAMACHAR
SPORTS - BUSINESS Tokyo Olympics
We are playing for country, casteist remarks shouldn’t happen: Vandana Kataria Agency News: Tokyo India forward Vandana Katariya, whose heroic performances were one of the highlights of the hockey team’s dream run at the Tokyo Olympics, said she wished an end to casteist slurs and hoped people back the team.After India lost to
India’s foreign wrestling coach Murad expelled from Games for referee assault
Agency News: Tokyo It is learnt that after Punia’s defeat in the 86kg freestyle bronze medal bout against San Marino’s Myles Nazim Amine on Thursday—he lost 4-2 after leading 2-1 until the final seconds of the bout—Gaidarov went to the referees’ room and attacked the referee of the bout. The world wrestling body (FILA) immediately reported the matter to IOC and also called the Wrestling Federation of India (WFI) for
an urgent disciplinary hearing on Friday. WFI was let-off with a warning after it apologised. The world body asked what action WFI had taken against Russia’s Gaidarov and the Indian federation said it had terminated him. FILA recomended to IOC that strong action must be taken against Gaidarov, calling him a repeat offender and saying that he was involved in such an incident in past and was let off with a warning. Gaidarov, who won the 74kg silver in Beijing.
Argentina in the semifinals of the Tokyo Olympics on Wednesday, Vandana’s family alleged a group of youths in their locality in Haridwar burst crackers, danced in celebration and passed casteist remarks. The police, on Thursday, arrested the main accused, Vijaypal, following a complaint.
According to a statement from Haridwar Police, an FIR under IPC Section 504 (intentional insult with intent to provoke breach of the peace) and SC/ST Act has been lodged against three persons Vijay Pal, Ankur Pal and Sumit Chauhan and other unidentified persons at Sidcul police station.
Agency News: Tokyo Indian wrestler Bajrang Punia went down fighting valiantly to Haji Aliyev of Azerbaijan in their 65kg category semifinal at the Tokyo Olympics on Friday (August 6). Bajrang
The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das kept the repo rate unchanged at 4 per cent, while the reverse repo rate also was kept unchanged at 3.35 per cent.
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent while maintaining an ‘accommodative stance’ as long as necessary to mitigate the impact of the COVID-19 pandemic, RBI Governor Shaktikanta Das announced
on Friday.The central bank governor said that the MPC’s decision was taken unanimously and added that the reverse repo rate too was kept unchanged at 3.35 per cent. The Marginal Standing Facility (MSF) rate and bank rate also remained unchanged at 4.25 percent.The MPC was largely expected to keep the key repo rate unchanged. According
to a recent Bloomberg poll, all 21 economists surveyed expected the MPC to leave the benchmark repurchase rate unchanged at 4 per cent, while the central bank was widely expected to announce another tranche of its socalled government securities
lost 12-5 to the 2016 Rio Olympic medallist Aliyev. The Indian grappler will now battle for a bronze medal on Saturday (August 7). Bajrang’s opponent in bronze medal bout is likely to be reigning World silver medalist Daulet Niyazbekov on Saturday at 315pm IST. Bajrang lost to Daulet in 2019 World Championships but got the better of him 2 months back
acquisition program. This marks the seventh time in a row that the RBI has maintained a status quo on policy rate. The central bank had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rates to a historic low. In his speech, Das said that the economy is in a much better position as compared to June 2021 and added that the central bank will remain vigilant against the possibility of a third wave. He said that the MPC voted with a 5:1 majority to continue with an ‘accommodative’ stance as long as necessary to support growth.
Earlier, true to his style, Bajrang put his tactical acumen and strength to good use in the second period to pin Iran’s Morteza Cheka Ghiasi for a semifinal berth in the men’s free-style 65kg event which took him closer to an Olympic medal on debut. Bajrang trailed the Iranian for a major part of the bout after being severely crippled by Ghiasi’s defensive tactics.
Glenmark Life Sciences shares list with over 4 pc gain Agency News: Mumbai Shares of Glenmark Life Sciences on Friday were listed with a premium of over 4 per cent against its issue price of Rs 720. The stock is listed at Rs 751.10, a gain of 4.31 per cent from the issue price on BSE. As trade progressed, it jumped 11.10 per cent to Rs 799.95. Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals, is a leading developer and manufacturer of select high-value, noncommoditised Active Pharmaceutical Ingredients (APIs) in chronic therapeutic areas, including cardiovascular disease, central nervous system disease.
Retail holding of NSE-listed companies hit a record high of 7.18% in June quarter. Indian retail investors are set to be big beneficiaries of the recent rally in the stock markets as they have increased their participation and holding of NSE listed companies over the last 18-months. The retail holding of NSE listed companies hit a record high of 7.18 per cent in the quarter ended June 2021, in line with the sharp rise in new investor accounts over the last 18-months and a jump in retail participation in both secondary and primary markets. It stood at 6.42 per cent in Dec 2019. According to data sourced
from primeinfobase.com, the retail ownership of NSE listed companies which stood at 6.42 in December 2019 and 6.55 per cent in March 2020, has now hit an all time high of 7.18 per
cent. The previous high was 7.1 per cent in June 2009. If only free float (non-promoter holding) is taken into account, retail ownership by value percentage went up to 14.49 per
BOLLYWOOD-HOLLYWOOD Indie films work like R&D for commercial cinema: Ranvir Shorey Agency News: Mumbai
While the line between commercial and ‘offbeat’ films has almost vanished and the conversation around the newage cinematic sensibility has changed in recent times with the new avenues of releasing films and web series, the revolution of ‘offbeat’ cinema started in India with the introduction to multiplexes and films that were made for ‘multiplex audiences’ Films like ‘Pyaar Ke Side Effects’, ‘Khosla Ka Ghosla’, ‘Honeymoon Travels Pvt Ltd’,
‘Bheja Fry’, ‘Mithya’, to ‘Titli’, ‘A Death In The Gunj’ - changed a certain sensibility among the audience as well as among the producers to invest in stories that are experimental and entertaining by nature. One of the common factors in all these films is - actor Ranvir Shorey. Asked about how he looks at the change, Ranvir told IANS: “I think indie cinema works like the R&D department for the business of cinema. You see, in mainstream commercial films, there is huge money involved so it is naturally a profit-making business.
Agency News: Mumbai
Record rally pulls in new buyers: Retail holding at all-time high Agency News: Mumbai
After a video of frenetic mob attacking a Hindu temple in Pakistan went viral on social media, a Twitter user asked actresses Richa Chadha and Swara Bhasker to comment on the same. “Ganesh temple was vandalized in Bhong city of Punjab, Pakistan. @RahulGandhi @priyankagandhi @INCIndia @ReallySwara @RichaChadha Any feedback on this?” read the tweet. Responding to the same, Richa wrote: “Why ask us, we have contracted them? They are fools, but there is action against those who commit religious disturbances.
Karisma Kapoor at a loss for words at suggestion that Alia Bhatt should be counted as Kapoor
RBI Monetary Policy: Repo rate unchanged at 4%, accommodative stance as long as necessary
Agency News: Mumbai
After India lost to Argentina in the semifinals of the Tokyo Olympics on Wednesday, Vandana’s family alleged a group of youths in their locality in Haridwar burst crackers, danced in celebration and passed casteist remarks.
Updates: Bajrang Punia loses semifinal, to fight for Bronze Bajrang Punia lost in his semifinal and will fight for Bronze. Indian women hockey team lost out on bronze in a spirited performance against Great Britain earlier.
cent in the quarter ended June 2021, up from 13.86 per cent in March. It stood at 12.75 per cent in Dec 2019.Even in rupee value terms, the retail holding in companies listed on NSE reached an all-time high of Rs 16.18 lakh crore from Rs 13.94 lakh crore on March 31, 2021, an increase of 16 per cent. In the same period, Sensex and Nifty rose by 6.01 and 7.02 per cent respectively.“A buoyant secondary market and a flurry of new listings have helped in channelising retail savings into the capital market,” said Pranav Haldea, MD, PRIME Database Group.Holding of High Net Worth Individuals
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‘Look at our country’: Richa Chaddha
07.08.2021, Saturday
(HNIs) (individuals with holding of more than Rs 2 lakh in a company), also increased to 2.10 per cent as on June 30, 2021 from 1.98 percent, taking the combined retail and HNI holding to an all time high of 9.28 per cent. Even as retail participation has been on a rise since January 2020, the sixmonth period between January and June 2021, has witnessed a higher momentum. While the retail holding dipped from 7.01 per cent in September 2020 to 6.9 per cent in December 2020, it rose significantly over the next six months, which has also witnessed record opening of investor.
Karisma Kapoor was taken off guard at the suggestion that Alia Bhatt should be counted as a Kapoor, now that wedding rumours are heating up. Alia has been in a relationship with Karisma’s cousin, Ranbir Kapoor, for over three years.Karisma Kapoor was filling in for Shilpa Shetty in an episode of Super Dancer 4 when a contestant asked her how many actors her family has produced. After Karisma ran through the names, co-judge Anurag Basu joked, “You can add Alia to that list now.”In a video from the episode which is being shared online, a young contestant asked Karisma in Hindi, “How many actors are there in your family?” Karisma replied, “So many! My great-grandfather, Prithviraj Kapoor; then my grandfather Raj Kapoor; Shammi Kapoor, Shashi Kapoor; then their wives, Geeta Bali, Jennifer aunty; Prem Nath ji, Rajendra Nath ji; then my dad, Chintu uncle, Chimpu uncle; my mom, then me, then Kareena, and Ranbir; you want more? Armaan, Aadar, and now Zahan. When Anurag Basu, who has worked with Ranbir on Barfi and Jagga Jasoos, suggested that she might include Alia Bhatt as well, Karisma smiled and mimed zipping her mouth.
Karisma Kapoor filled in for Shilpa Shetty on the dance reality show Super Dancer 4, where she shared the judges panel with Anurag Basu and Geeta Kapur.
Sara Ali Khan told she can’t enter Vaishno Devi if she has committed ‘paap’ Sara Ali Khan took to Instagram on Thursday to share another video compilation of all the places she has travelled to. From Goa to Jaipur, Sara showed her followers the variety of experiences she has had.The video begins with Sara at India Gate, which she dubs ‘Bhartiya Darwaza’. In Bihar, she posed for the camera with a large bundle of grass on her head. She showed her followers snow-capped mountains in Sangla and also shared a video from Jaipur. In Vaishno Devi, a man, who appeared to be caring for her horse, tells her that she will not be able to enter the shrine if she has committed sins. “Toh agar maine paap kiye hai toh main darshan nahi kar paugi. Main andar jaa hi nahi paugi (So if I have committed sins then I will not be able to enter the shrine),” Sara asks him. The next clips shows her off the horse’s back, stomping through the streets as her friends film her. She is seen smiling while trying to run away.
SUNVILLA SAMACHAR Photo inbox
07.08.2021, Saturday
LOCAL NEWS
BJP govts did not hike power tariff for farmers by a paisa in 25 yrs: Vijay Rupani
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Covid vaccine: Over 5L doses given in a day
“The BJP has been ruling Gujarat for 25 years but we have never increased price of electricity even by a paisa. We have always given farmers electricity at reasonable tariffs though prices of coal, steel and electricity have gone up,” Rupani said. Sunvilla News: Ahmedabad
Sobhita Dhulipalan looks sexy in the lime green co-ord set.
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Two areas in Dabhoi taluka declared cholera-affected The Vadodara District Collector has declared two areas of Dabhoi taluka as cholera-affected through a notification dated July 31, the Chief District Health Officer (CDHO) confirmed on Thursday.The areas are Ranavas and Navi Nagri under the Dabhoi Municipality as well as Vankarvas area of Bhumasia village under the Bhilodia Primary Health Care Centre. Vadodara CDHO Dr Surendra Jain told this newspaper, “There were three confirmed cases of cholera in the area. The notification was issued on July 31 and is applicable to the areas as well as a periphery of eight kilometres around the affected areas. The notification will be in place for three months from the date that the cases were detected.
Flipkart adds 4 supply chain facilities in Gujarat
E-commerce firm Flipkart on Thursday said it has added four new supply chain facilities in Gujarat to cater to the growing demand for e-commerce, an official release stated here. The new facilities are located in Ahmedabad and Surat and collectively occupy five lakh square feet. The company claimed the expansion will create 5,000 direct and indirect jobs in Gujarat and will support close to 35,000 local sellers from the state. “The addition of new facilities will also augment Flipkart’s capabilities to cater to more consumers, including lakhs og first time.
The successive governments of the Bharatiya Janata Party (BJP) in Gujarat have not raised power tariffs for farmers in the past 25 years, underlined Chief Minister Vijay Rupani while inaugurating the infrastructure to provide electricity to 2.10 lakh farmers in 1,501 villages under the Kisan Suryodaya Yojana (KSY) on Thursday. He reiterated that all farmers of the state will start getting power during daytime by end of 2022.“The BJP has been ruling Gujarat for 25 years but we have never increased price of electricity even by a paisa.
We have always given farmers electricity at reasonable tariffs though prices of coal, steel and electricity have gone up,” Rupani said while addressing farmers at Kisan Sanman Divas, an event organised by the government at RD Varsani High School in Bhuj town of Kutch on Thursday to felicitate farmers and distribute aid.But for a brief period in 1996-97 when then BJP leader Shankersinh Vaghela broke ranks with the party and became CM by floating his own outfit, the BJP has been ruling Gujarat almost without break since 1995.Kisan Sanman Divas marks the fifth day of
the week-long celebrations to mark the completion of five years of Rupani government in the state.Rupani said that during Congress reigns, people in villages used to get electricity supply only for few hours in a day, while the BJP government ensured roundthe-clock three-phase power supply to villages under Jyoti Gram Yojana. “In the past five years, my government gave 5.5 lakh agricultural electricity connections to farmers. Gujarat was the first state in India to give round-the-clock three-phase power to villages and now we have come up with Kisan Suryodaya Yojana
‘Made posts out of frustration’: Petitioner wants FIR quashed According to the oral submissions made by advocate Mehul Mehta, representing petitioner Kapilkumar Parmar, the accused was “jobless” during the lockdown and had tested positive for Covid-19 in the same duration. Sunvilla News: Ahmedabad The Gujarat High Court on Wednesday issued notice to the state government in a petition moved by a ‘BJP karyakar’ photographer seeking quashing of an FIR lodged by the cyber crime police station in Ahmedabad against him for making objectionable posts against political leaders and ruling party in the state during Covid-19.According to the
Striking resident doctors may face Epidemic Diseases Act, says Nitin Patel Sunvilla News: Ahmedabad In a warning to striking resident doctors in Gujarat, Deputy Chief Minister Nitin Patel, who also holds the health portfolio, on Thursday said that the government shall initiate “strict proceedings” against them under the Epidemic Diseases Act if they do not join back for duty.Resident doctors in the state have been striking work, demanding that their mandatory medical bond duty be considered in the ratio of 1:2, that is one day of service be counted equivalent to service of two days.Addressing mediapersons on Thursday, Patel said that to deal with the workload during the Covid pandemic, a government resolution was passed to encourage MBBS and postgraduate medical bonded doctors to join for Covid-19 duty by stipulating that one day of Covid-19 work shall be counted as two days’ work or double of the time served.
oral submissions made by advocate Mehul Mehta, representing petitioner Kapilkumar Parmar, the accused was “jobless” during the lockdown and had tested positive for Covid-19 in the same duration. “He was not able to get any kind of medical help from the concerned Sangathan and (political) party… he was not able to get the help of 108, or admission in the hospital for his medical treatment…
Practically saying, he was active karyakar of BJP, not a member or holding any post… he used to remain present in functions of BJP… and when he got ill, he was seriously impacted with the coronavirus and he was frustrated. During that period, he posted all this (objectionable posts) on social media.
Surendranagar boy, 16, to represent India in Junior Shotgun World Cup
Sunvilla News: Ahmedabad Bakhtiyar Malik (16), a resident of Dasada in Surendranagar district, will be first player from Gujarat to represent India in the Junior Shotgun World Cup (Under-21) at Almaty, Kazakhstan, later this month. In the selection trials held in Delhi from July 21 to 26, Malik stood second after Vivaan Kapoor from Rajasthan. “Bakhtiyar Malik
will be the first from Gujarat to represent India in Shotgun World Cup. He will be part of the Indian contingent travelling to Kazakhstan,” said Manish Patel, Secretary General of Gujarat State Rifle Association.“I have been training for three years. This is the first time I got selected for the Under-21 Shotgun World Cup in Kazakhstan and World Championship in Peru (September 2021). I am being coached by Manavjit Singh Sandhu,” Malik said.
Aakash Educational Services Limited honours its Doctor Alumni from Ahmedabadfor their role as Covid Warriors during the ongoing pandemic Sunvilla News: Ahmedabad The COVID-19 pandemic has significantly changed the dynamics of the entire world. While on the one hand, people are largely confined to their homes with businesses and educational institutions remaining closed, on the other, healthcare workers and hospital staff have been fighting
COVID-19 from the front. They put their own lives at risk with selfless determination for saving
the lives of the people. The least we as a society can do is appreciate and respect their
efforts.In this context, Aakash Educational Services Limited (AESL), the national leader in test preparation services, has honoured15 of its alumni from its various branches in Ahmedabadfor their COVID-19 work as frontline workers. Some of doctors felicitated are DrAnsy Patel, Dr Harsh Trivedi, DrPriyam Patel andDrJainam Shahwho completed.
so that farmers can work on their farms during daytime,” the CM said. A documentary film screened at the event in Bhuj said 3.38 lakh farmers in 3,915 villages have already started getting daytime power under the Rs 3,500-crore KSY, launched by Prime Minister Narendra Modi in October last year. Rupani said that all farmers of the state would be covered under this scheme by the end of 2022 At present, the government supplies power to
The state reported 24 new Covid cases with no fatality, a slight increase from the 15-odd cases reported farmers in rotating shifts. The CM said KSY will end the on Wednesday. risk of farmers being exposed attacks by wild animals, snakes and insects while irrigating their crops at night.Agriculture and Farmers’ Welfare Minister Ranchhod Faldu in his address said that the state government has paid Rs 29,946 crore to power distribution companies to so that they can supply power to farmers at highly subsidised rate of Rs1.5 per unit. Besides.
Sunvilla News: Ahmedabad The Covid vaccination drive picked up in Gujarat on Thursday with over 5.81 lakh doses administered after the drive was suspended on Wednesday. Earlier it crossed five lakh doses in a day on July 22.The state reported 24 new Covid cases with no fatality, a slight increase from the 15-odd
cases reported on Wednesday. Taluka development officer of Himmatnagar in Sabarkantha, Milind Dave, took to Twitter on August 4 to announce that 68 villages in the district had managed to vaccinate nearly 100 per cent of its eligible population, leading the way in Gujarat. Following Sabarkantha is Gandhinagar, where 59 villages have seen near 100 per cent vaccination of its eligible population. Since January 16, when the Covid-19 vaccination drive began, about 85.48 lakh in the state have been fully inoculated, which is less than 20 per cent of the population eligible for vaccination.