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Modi’s speech a balm for demonetisation pain, PM doles out sops for weaker sections

Prime Minister Narendra Modi has announced interest rate subsidy for housing of the poor and also waived off interest rate for farmers, in an effort to address the pain endured by the weaker sections of the society following his demonetisation decision. However, Modi did not provide any clarity on the note ban exercise or its impact on the economy.

Narendra Modi gestures as he addresses the nation on New Year's Eve, PTINarendra Modi gestures as he addresses the nation on New Year's Eve, PTI

Narendra Modi gestures as he addresses the nation on New Year’s Eve, PTI

In a televised address on Saturday evening, Modi praised the spirit shown by Indians and their sacrifice in fighting black money. “The problems which the people have faced for the betterment of the country is an example in itself,” Modi said, in the speech aired all over the country.

The demonetisation of Rs 500 and Rs 1,000 currency notes from 9 Novmeber — as much as 86 percent of currency in circulation — created a cash crunch in the country, as the government and RBI were not ready with the replacement currency.

Even after 51 days, banks and ATMs are still not replenished with enough cash to meet the demand from the customers. The non-availability of cash in hand has resulted in a slump in the economy, as scores of informal sector jobs have been lost and consumption declined.

The sops announced on New Year’s Eve may come in this context.

In an effort to balance out the pain for the poor, who have been the worst-hit, the prime minister announced two new housing schemes. According to the first scheme, for home loans up to Rs 9 lakh in urban areas, an interest rate subsidy of 4 percent will be given, and for loans up to Rs 12 lakh, the subsidy will be 3 percent.

Secondly, for the rural poor, Modi announced a 3 percent interest subvention for loans up to Rs 2 lakh.

Apart from this, for farmers, the government will bear a 60-day interest for loans taken from primary credit societies and district cooperative banks.

The third scheme is the increase in the credit guarantee for the small traders to Rs 2 crore from Rs 1 crore. The note ban has broken the MSMEs as the sector has witnessed a decline in business post the demonetisation announcement. The increase in the credit guarantee is an effort to address their pain.

First Published On : Dec 31, 2016 20:56 IST

Jammu and Kashmir: Yasin Malik detained ahead of protest march

Srinagar: JKLF chairman Yasin Malik was on Friday detained at Pulwama as he led his supporters to stage a protest march against Jammu and Kashmir government’s decision to issue identity certificates to West Pakistani Refugees.

Separatist Yasin Malik. AFP

Separatist Yasin Malik. AFP

Malik was detained along with several of his supporters. They were taken into preventive custody, a police official said.

Separatists groups had called for protests on Friday against the government decision to issue identity certificates to West Pakistan Refugees living in the state since partition in 1947.

The state government has decided to issue identity cards to the refugees and had to issue clarification after protests from opposition parties and separatists against the move.

Initially, reports had said the opposition was against the government move to issue domicile certificates, but the state government said it was issuing identity certificates.

Other political organisations, including BJP and Jammu and Kashmir National Panthers Party, have slammed separatists for opposing the issuance of certificates to the refugees.

The refugees, settled in Jammu and Kashmir, are citizens of India and have the right to vote in parliamentary polls.

However, they are not permanent residents of the state in terms of Jammu and Kashmir Constitution. They do not enjoy voting rights to the state assembly and local bodies.

First Published On : Dec 30, 2016 18:50 IST

Days after Swati Chaturvedi’s book on BJP’s social media tacts, whistleblower Sadhvi Khosla’s credibility questioned

The cloud of controversy surrounding Swati Chaturvedi’s book I am a troll: Inside the secret world of the BJP’s digital army continues to get murkier.

The book that released last week on the Juggernaut imprint attracted instant attention for the details it contained about the Bharatiya Janata Party (BJP), its social media tactics and the methods employed to intimidate dissenters. Over the days since its release, the author has been — somewhat unsurprisingly — trolled viciously on social media and on certain online publications. Meanwhile, the credibility of Sadhvi Khosla — whose account of what it was like working in the BJP’s IT cell — has been called into question, most notably by Smita Barooah.

Barooah was also part of the same cell for which Khosla worked, and has fiercely denied the claims made in Chaturvedi’s book.

Silly games or not, there appear to be a few people who aren’t entirely convinced by Barooah’s claims.

Whether or not this escalates further remains to be seen. For now, one thing is certain, internet trolls are in for a fantastic start to the New Year.

First Published On : Dec 29, 2016 16:05 IST

India needs about 200-250 Rafale aircafts to maintain edge: Arup Raha

New Delhi: Outgoing IAF chief Arup Raha on Wednesday made it clear that just 36 Rafale fighter jets would not suffice as India needs about 200-250 more fighters to maintain
its combat edge over adversaries.

The Air Chief Marshal, who is set to retire on 31 December, also rued that the tender for the much needed “force multiplier” mid air refuellers had to be withdrawn. He said a fresh tender is in the offing and the procurement will be speeded up.

Arup Raha. Image courtesy: PIBArup Raha. Image courtesy: PIB

Arup Raha. Image courtesy: PIB

Underlining that the teeth of any air force is the combat fleet, Raha said that the country needs another production line besides the Tejas.

He explained that the strength sanctioned by the government is 42 squadrons “which was a numerical value. He said what is needed “is also a capability mix”. Raha said India has enough of heavy weight fighters – the Su30 MKI – which will last for another 30-40 years. He said the light weight spectrum would be served by the 123 Tejas light combat aircraft ordered by the IAF.

Terming Rafale as an excellent aircraft, Raha said it comes in the medium weight spectrum. “It is tremendously capable in all its role. It is a multi-role aircraft and can be used very effectively. It can prove its worth in any situation,” Raha said.

“But we have just ordered 36 aircraft and we require more aircraft in this middle weight category to give entire spectrum of capability,” he said.

Raha said a void has been created in the past because of obsolescence and many of the squadrons will be past their use-by date.

“We have already used them for four decades plus. It is time to retire them and get new aircraft,” he said adding this void has to be filled up quickly and 36 Rafale aircraft “will not do as we require much more”.

“Over the next 10 years, we must have 200-250 aircraft. It has to be balanced out. In the heavy weight spectrum, we have enough. But in the medium weight category, we need to have more. Yes, about 200 will be very good,” he said.

First Published On : Dec 28, 2016 18:39 IST

US woman gangraped: Delhi court sentences four accused to two days of judicial custody

New Delhi: Four men, arrested for allegedly raping a US tourist in a 5-star hotel earlier this year, were on Tuesday sent to two-day judicial custody by a city court.

Metropolitan Magistrate Harvinder Singh sent the accused to Tihar Jail after Delhi Police moved an application seeking their judicial custody.

Yesterday, the police had arrested a tour guide, a driver, a cleaner and a hotel staff in connection with the alleged gangrape of the woman in April this year.

Representational image. AFP

Representational image. AFP

The US national arrived here a few days ago to join the probe and recorded her statement in front of a judicial magistrate where she reiterated that she was gangraped by five persons in a five-star hotel here.

Four accused were arrested after the Delhi Commission for Women (DCW) issued a notice to Delhi Police asking them why the Rape Crisis Cell of the women’s panel was not informed when the victim’s statement was recorded.

Earlier, the complainant had said she was not “satisfied” with the probe and was ready to come to India to identify the accused.

The woman had alleged that she was raped by the men for two days and also threatened with dire consequences if she reported the matter to anybody.

She had also stated that the accused had made a video of the act and threatened to make it public if she reported the matter to anyone. She had also told the police that the accused had claimed to have sexually assaulted a couple of other female tourists as well.

A team of psychologists and psychiatrists have been assisting the lady in recalling the details of the incident. The team is also working with the police in their investigation to tie up loose ends.

First Published On : Dec 27, 2016 14:54 IST

Demonetisation: Govt mulling ordinance to penalise those holding junked notes beyond 30 December

New Delh: The government is understood to be mulling an ordinance to impose penalties on anyone possessing the junked Rs 500 and Rs 1000 notes beyond 30 December when the deadline to deposit them in banks expires.

There was no official word on the move which is likely to come up before the Cabinet on Wednesday but sources said penalties may be imposed on anyone holding more than 10 notes each of the old currency after 30 December.

Representational image. PTI

Representational image. PTI

The ordinance may also extinguish the liability of the government and RBI towards the promise to pay the bearer of these notes their value because of a statutory requirement.

In 1978 a similar ordinance was issued to end the government’s liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.

The government had while announcing the demonetisation of the old currency allowed holders to either exchange them or deposit in bank and post office accounts. While the facility to exchange the old notes has since been withdrawn, depositors have time till Friday to deposit the holding in their accounts.

For those depositing any accounted funds, or black money, it has offered them an amnesty provided they paid 50 per cent of it as tax and penalties and parked a quarter of it in a zero-interest bearing deposit for four years. Reports said that there could be a cap of holding no more than 10 notes of each after December 30 and violation of the rule could draw a fine of a minimum of Rs 50,000 or 5 times the amount in question — whichever is higher, but there was no confirmation.

Holders of such currency have an option to deposit them in RBI by March 31 but even that period may be curtailed, they said.

Out of the Rs 15.44 lakh crore worth of 500 and 1000 rupee notes in circulation on November 8, close to Rs 13 lakh crore have been deposited in accounts or exchanged for valid currency.

First Published On : Dec 26, 2016 21:50 IST

Demonetisation: Farmers to get 60 additional days for repayment of crop loans, says RBI

Mumbai: The Reserve Bank of India (RBI) on Monday said that in view of demonetisation of Rs 500 and Rs 1,000 notes, farmers, whose short term crop loan repayment date falls between 1 November and 31 December, will get an additional 60-day grace period.

Representational image. Reuters

Representational image. Reuters

“In view of the constraints faced by farmers for timely repayment of loan dues on account of withdrawal of legal tender status of Specified Bank Notes (SBNs), it has been decided by the government to provide an additional grace period of 60 days for prompt repayment incentive of 3 percent to those farmers whose crop loan dues are falling due between 1 November and 31 December,” RBI said in a notification.

Currently, according to the existing crop loan interest rebate scheme for 2016-17, apart from the two percent annual rebate, an additional interest rebate of 3 percent is also provided if the farmer repays the loan up to the actual date of repayment or the date fixed by banks for repayment, whichever is earlier.

This benefit does not accrue to those farmers who repay after one year of availing such loans.

If the farmers, whose crop loan repayment date falls between 1 November and 31 December, repay the crop loan within 60 days from their loan repayment date, the additional three percent interest rebate will continue to apply, it said.

First Published On : Dec 26, 2016 20:56 IST

Boat capsizes in Powai lake, 3 died and 5 saved in search operation

Five people were saved and three are feared dead after a boat capsized in Powai lake in Mumbai late on Friday night, reports said.

Search operations were started immediately after the boat capsized. While some reports said the three boys are feared dead, search operations are still going on in the lake.

A DNA report said that a police official confirmed that the boat lost balance after colliding with a bamboo, and because the boat was close to the shore, locals could rush to the spot to help the people in the boat.

Fire officials have confirmed that they got the news at 11.30 pm and rushed to the spot to help the boys.

The people in the boat were going to for a party, Maharashtra Times report said.

On 13 December, Brihanmumbai Municipal Corporation (BMC) had issued notice to 17 houseboats to stop their business in Powai lake as they had not bothered to reply to the earlier notices by the municipal corporation, as reported in The Times Of India.

First Published On : Dec 24, 2016 14:25 IST

Rajasthan cop shoots woman, dead, kills self

Jaipur: An additional superintendent of police of the Anti-terrorist squad of Rajasthan Police allegedly shot himself dead after killing a woman on the outskirts of the city, police said on Friday.

Representational image. IBNlive

Representational image. IBNlive

Before killing himself from his service revolver, Ashish Prabhakar also allegedly shot dead a woman in his car.

The bodies were recovered from his car last night in Shivdaspura area, police said on Friday.

Prabhakar was disturbed for the last few days and left office early on Thursday evening and went to Shivdaspura area, they said.

Prima facie, Prabhakar shot the woman dead after some quarrel before allegedly committing suicide inside the car.

He had also made a call to the police control room, saying two bodies were lying in a car, before taking the extreme step.

Efforts are on to identify the woman.

The bodies have been shifted to a hospital for postmortem and the matter is being investigated, the police said.

First Published On : Dec 23, 2016 20:24 IST

Demonetisation deadline: Does govt has no plan to get back crores of NRI ‘white money’?

Despite all the love sprayed on NRIs and those multiple Pravasi Divas conventions held in various parts of the country for various ministers to iterate their love for Indians abroad the week of good cheer is a bit soured.

With good reason. As airlines hike up the cost of tickets by nearly 250 percent (from the Gulf for sure) and families largely opt to stay home there is also a tangible sense of loss from the enormous vat of Rs 1,000 and Rs 500 notes lying around the diaspora.

Awash in cash? PTIAwash in cash? PTI

Awash in cash? PTI

Assessed officially at 30 million people but probably higher by another five million with about Rs 5,000 being taken as the modest average lying with each person it comes to a sizeable Rs 15,000 crore and running.

Most of us keep a reasonable amount in high denomination notes with Rs 25,000 being the outer limit as per law to avoid delays at Indian airports in making foreign exchange and simply pull out the wads that have been lying under shirts and saris or used biscuit and chocolate tins to take a cab home and, in case banks are closed, have enough for Day One and Two.

The stories of long queues and no money and cards not working have made for a change in touching the base.

Relatives in the home country already stretched to breaking point are also not too keen to having us descend upon them en masse.

Rumours and half-truths that the government is listening to last moment pleas from community representatives for a delay in the 30 December deadline for these notes to be vacuumed in don’t seem to have much grounds and the odds are the Not Required Indian will stay not required. Perhaps in the grand scheme of things the sum from NRIs is not astronomical but why lose it.

The Customs form allows us to bring in Rs 25,000 though most of us carry less on each visit. And we do not take back much, just the leftover financial debris of the holiday.

This year the stress level has a different texture to it. For one, there is this fear that carrying banned notes might cause hassles at points of entry. No one wants to be taken aside because they are carrying six or seven crumpled notes. There is no logic in the fear but it exists anyway…there have been enough scare stories on the social platforms to make everyone a little concerned…and hugely confused.

And it does not make sense spending Rs 30,000 per passenger and more for a Y class ticket to make the end of the year deadline when such a low cast carrier ticket usually goes for Rs 10,000 or thereabouts. The situation as it stands is that these Rs 150 billion will be consumed by the clock. Come to think of it, the total is probably much more.

That these crores are going to be largely lost to the exchequer seems to be of no concern to the authorities. Even blue-collar labour has a note or two, often placed in their wallets for good luck by tearful parents sending their sons and daughters to foreign shores when they leave home…a kind of ‘shagun’ that has now lost its meaning.

You would think that one of the mandarins in the Ministry of Overseas Affairs would say, uh oh, that is a lot of money let’s create a blueprint for getting it back and instruct all banks to allow these monies to be sent by courier to the accounts up to Rs 25,000 and let it be accepted.

After all, look at the delicious irony. It is not black money. it is bright, shiny, pristine white money that people want to return.

Allowed to be in our possession by law. So why are NRIs being penalised indirectly for not breaking the law. Echo answers who?

First Published On : Dec 23, 2016 19:37 IST

Demonetisation effect: Delhi man assaulted for criticising PM Modi for note ban

New Delhi: A 45-year-old man was allegedly attacked with cricket bails after he blamed the prime minister for the serpentine queue outside a bank in southeast Delhi’s Jaitpur area, police said on Monday.

According to complainant Lallan Singh Kushwaha, he was on his way to buy a television set on 15 December, when he passed an ATM and noticed the long queue, they said.

He said ‘Modiji ki wajah se line lagi hai’ (queue is because of Modi), following which a man named Atik came out of the crowd and started beating him.

Kushwaha alleged that the accused also took away Rs 6,000 from him, police said.

The matter is being investigated, they added.

First Published On : Dec 19, 2016 11:07 IST

Hyderabad: Income Tax dept seizes Rs 66 lakh cash in new Rs 2000 notes 

Hyderabad: The Income Tax department has seized Rs 66 lakh cash, all in new Rs 2000 notes, as part of the anti-black money crackdown operations in Hyderabad.

The first incident, that occurred on the night of 16 December, was reported at the Telugu Academy in Himayatnagar when an I-T team intercepted few people who ran into a nearby apartment on seeing the team.

Representational image. PTIRepresentational image. PTI

Representational image. PTI

“Search of the apartment led to recovery of Rs 36 lakh cash, all in Rs 2000 denomination. Sources of the cash are being probed into,” I-T sources said.

In the second incident in the same city on 17 December, department investigators along with police intercepted a speeding Honda Activa in the Tank Bund area.

“Cash of Rs 30 lakh in Rs 2000 denomination was found with two persons.The case is being probed,” they said.

The sources added that these two interceptions were made in the city as part of taxman’s anti-black money probe post demonetisation.

First Published On : Dec 18, 2016 11:33 IST

Pakistani troops violate ceasefire, target army posts, civilian areas in Poonch

Poonch (J&K): After a lull of over three weeks, the ceasefire on the LoC was violated again with Pakistani army on Friday, resorting to heavy cross-border firing at Indian posts and civilians areas in Balakote sector of Jammu and Kashmir’s Poonch district.

“Pakistani army violated ceasefire, targeting Indian positions along the Line of Control in Balakote sector. The firing started at 0900 hours continued till 1000 hours. Our soldiers gave a befitting reply,” an army official said.

Representational image. PTIRepresentational image. PTI

Representational image. PTI

The ceasefire breach comes after a lull of over three weeks. Two BSF jawans were injured in shelling by Pakistani troops along the LoC on 23 November, a day after three Indian soldiers were killed and the body of one of them was mutilated in north Kashmir’s Kupwara district.

A senior police officer said shells fired by the Pakistani troops landed in civilian areas in the sector. However, there was no report of loss of life or injury to anyone.

The Pakistani army said one civilian was killed and four school children were injured on their side in the exchange of fire.

First Published On : Dec 16, 2016 15:41 IST

Baba Ramdev, stop making oblique suggestions about PM Modi; either spill all the beans or zip it up

You know the country is hurting when even the prime minister’s best friend turns against him. Actually, let me rephrase that — the best friend is hurting, and so friendship be damned, hang it out to dry.

Baba Ramdev has spoken out against Prime Minister Narendra Modi‘s note ban, by hinting at a sinister conspiracy involving the banking sector, and even the Reserve Bank of India (RBI), saying that as much as Rs 3-5 lakh crores can be involved in this scandal.

Baba Ramdev. PTI file imageBaba Ramdev. PTI file image

Baba Ramdev. PTI file image

Ramdev has clearly shrugged off his long-time support for Modi, as he adds economic insight to his quiver of authoritative arrows. The yogi-turned businessman and ayurveda champion, as adept at being spiritual guru as he is selling edible oil, but is having a rough time with sales of his consumer products probably dropping. To add to his dismay is the Rs 11 lakh fine levied on him for misrepresentation in manufacture of his products in the Hardwar factories where the ingredients are falsely marked.

Good reasons, don’t you think, for Ramdev to get a bit teed off; so this man for all seasons now decides to interpret the downside of the demonetisation process.

But, according to him, it isn’t the prime minister who’s the bad guy — it’s the banks, and they misled Modi with their chicanery and gave him the wrong idea of what could happen. They did not tell him, for example, that Patanjali branded items would not fly off the shelf, and if they don’t do that with alacrity, then surely something is wrong with the killing of currency notes.

But, whoa, wait just a minute. Why has it taken Ramdev all of 38 days to figure it all out and share his incandescent genius with us? How quickly people change when their bottom line is adversely affected.

There is also another reason for this economic epiphany. Ramdev has probably been feeling left out of the loop at not getting his quota of media attention this past month or so. That anonymity irks, so why not make some outlandish announcement in the manner of a teaser trailer and say a lot without saying anything concrete.

In one shot, he indicts Modi, then absolves Modi, then blames the banks, and finally tells us there is a seamier undisclosed dimension, even venturing to place a huge figure on it, although he doesn’t tell us what exactly is going on.

Now, is that fair? If Ramdev knows what this Rs 3-5 lakh crore hanky panky is all about, then why be cute about it? Come out and tell us the details, so we can decide if the banking sector plotted this grand larceny on the Indian people and took Modi for a ride. Yes, we know the banks are flush with cash. Where else would the money go. But that is not an indication of their being corrupt or in on the scheming.

To play mind games and make provocative statements is not only uncharitable, it is also a cheap shot. You can certainly criticise the fallout from the ban on currency notes and have an opinion, but if you point your flinty little fingers in accusations and suggest more than obliquely that the underbelly is dirtier than we know, then you are duty bound to show us the dirt.

Till you are ready to spill the beans, it’s time to use your own toothpaste because you are just being foulmouthed.

First Published On : Dec 16, 2016 15:35 IST

First Lady: Trupti Desai tells us why she wants to remain an activist all her life

This week on First Lady, host Meghna Pant interviewed gender equality activist and founder of Bhumata Brigade — Trupti Desai.

Pant talks to Desai about the range of laurels she received and ordeals she had to face while trying to fight battles against the age-old myths and traditions.

Desai mentions the importance of the Shanishignapur movement that she led and bagged victory in. Despite all the threats and harassment issues she faced, she says that the fight was important for all the women who deserved to enter the temple just as much as men did.

She further talks about her tryst with the conservatives and the mindsets she has to fight and the stereotypes she has to break in order to make her voice heard.

When our host asked her about the impact of temple worship rallies and whether it’s a significant women’s movement, Desai said, “Shanishignapur was a start to the women’s movement. To protest against rape and sexual assault, we are going to come down to the roads with lathis and launch a separate movement.”

When asked about her motivation to take such causes up, she said that throughout her school and college days, she was always inclined towards change.

Desai tell us that while the next goal for Bhumata Brigade is to keep women safe and secure, her personal goal is to remain a women activist, and keep pushing for their rights.

Watch the video of their inspirational conversation.

First Published On : Dec 16, 2016 12:36 IST

Real face of demonetisation? Veteran armyman Nand Lal’s heartbreak goes viral

A photo of an old man crying after he missed his spot at bank branch in Gurugram, which was clicked by a photographer belonging to a leading national daily has gone viral online.

Hindustan Times photographer Praveen Kumar, clicked the photo of a former army man, Nand Lal, who the daily adds, has become the face of India’s demonetisation blues.

The 79-year old widower lives alone in a gloomy 10×10 room with very little belongings which he can call his own. His adopted daughter, who was married around 15 years ago, occasionally visits him, though neighbours say they have never seen her visiting the ex-army man.

On Wednesday, he was waiting in the elephantine line outside a State Bank of India branch waiting to withdraw a part of his pension for serving his country. Lal, who migrated from present-day Pakistan during the traumatic days of partition, receives a meagre pension of Rs 8,000.

First Published On : Dec 16, 2016 10:22 IST

Demonetisation to less cash: Economists can do without moral compass, not politicians

One has to be cruel to ignore this.

In Delhi, a newspaper report says the cash-starved poor have been living on charity and doles, and students have been going to langars because they have no money to pay for food in hotels. All cash-dependent economic activity has come to a standstill in the weeks after demonetisation. Factories and smaller business establishments cannot pay cash to labourers, so they are headed back home with nothing in hand. People still waste productive hours standing in long queues at banks. The grim scenario looks grimmer if you consider that around 90 people have reportedly died while waiting to get their own money.

The misery of people is visible to the naked eye. One has to be morally blind to argue that everything is fine. The contention that the present suffering of the masses would give way to a bright future is specious too. As the apologists of the government, especially a section of the economists, keep arguing in favour of demonetisation despite the apparent social and economic dislocation it has caused around, one wonders whether that feeling called compassion is dead now.

Representational image. Reuters

Representational image. Reuters

Economists in ivory towers can do without the moral compass, not politicians. They can suggest ideas that are cynical to the core, even criminal, but politicians cannot be that callous. The core value of their vocation is supposed to be built around empathy. What we notice post-demonetisation is callous disregard for it. A good gesture from the government after the first two weeks of demonetisation would have been the frank admission: “Yes, we botched up. We could have planned better. Sorry for the inconvenience.” But no, what we have is adamant defence of the move, backed vociferously by the fervent drum-beaters of the ruling dispensation.

Was less cash transaction part of the original deal? When Prime Minister Narendra Modi announced trashing of Rs 500 and Rs 1,000 notes, the buzz was black money. People were ready to undergo some pain so that tainted money could get purged from the system. There was more appreciation than anger for the prime minister in the long queues outside banks. Now that the talk has suddenly shifted to electronic transactions, the ordinary people have reason to feel that they have been conned.

The questions come thick and fast: What was the need to go for demonetisation if the aim was to promote less cash transactions? What’s the logic behind clubbing one with the other? A good idea it might be but shouldn’t less cash be a gradual process? What right does the government have to force people to shun cash habit this way? Was the real intent behind demonetisation something else? The poor are obviously suffering but who’s having a good time at their cost?

These are not questions that would have been raised had the government stuck to what it claimed while announcing demonetisation. Now people have the right to ask: Was it necessary to go for it? Which economic common sense drove you to go for it? How come you failed to anticipate it was going to be this messy?

It is being alleged by the political opposition that the government has shifted the goal post. It indeed has, perhaps as a face-saver, because it grossly misunderstood the dynamics of black money and sought to take the populist route, as in every other matter, including diplomacy, to fight it. A couple of weeks into demonetisation, it was clear to all concerned that things were not going right. The government had the option of admitting to people that it went wrong but it decided to be clever.

It could be either arrogance or fool-hardiness. The strong advocacy of less cash is certainly not doing the government any good. Worse is the claim that everything alright and the poor are happy.

It is cruel. Someone out there ought to start thinking with some compassion.

First Published On : Dec 15, 2016 21:13 IST

NotePeCharcha Episode 3: Dhobipada’s adivasis bear brunt of demonetisation

While the effects of demonetisation on urban India are visibly apparent to those with access to mainstream English media, its impact on rural lives is so far vague. We travelled into the interiors of Maharashtra to examine the depth of the impact.

Firstpost sent out Apoorv Mishra, who was accompanied by his friends — Tahir Alimansoor and Kush Shah, into rural Maharashtra with an iPhone, a couple of mics, a GoPro and no institutional monetary support – they had borrowed money from friends and withdrawn all the cash permitted under prevalent restrictions.

To examine the impact of the ‘masterstroke’ at the grassroots level, the trio took the road to Dhobipada in a van. We found out the hardships borne by the tribals, post-Prime Minister Narendra Modi’s cashless India.

To avail the services of the ATMs and banks, Dhobipada’s people have to travel to Kasara. The rickshaws, their only mode of transport, is not an option anymore as the cash crunch has left them with no money in hand.

The villagers are of the opinion that the demonetisation move has affected their livelihood vastly. The new currency note of Rs 2,000 is a big problem as there is a dearth of supply of smaller denomination currency notes.

“Where should I go with this new note of Rs 2,000? Should I keep wandering?” said a resident of the village. The villagers also mentioned that the district bank has stopped dispensing money.

Due to lack of change, vendors have started buying and selling goods on credit.

After going around the village and talking to the local residents, the trio also found out that the local businesses have been hit hard as people have reduced their expenditure.

“We have to stand for hours in line just to get a small amount of money, even if we get lucky,” said another resident.

A woman who sold bangles said there has been a fall in business in the past month, due to the stringent money supply in the economy.

Watch the video to find out more about our quest to dig out how demonetisation impacted daily lives in rural India.

First Published On : Dec 15, 2016 18:33 IST

Andhra Pradesh: Cops seize Rs 17.30 lakh in new currency from Krishna district

Vijayawada: Police have seized Rs 17.30 lakh in Rs 2,000 denomination, allegedly meant to be exchanged for a commission, from a person in Andhra Pradesh’s Krishna district.

Representational image. PTI

Representational image. PTI

The man, along with an accomplice, allegedly brokered a deal with some persons for exchanging the scrapped Rs 500 and Rs 1,000 notes for a six per cent commission, a senior police official said.

He used a police constable, his close relative working in Gudivada rural police station, as a shield for the operation. However, the persons who wanted to exchange the old currency did not turn up and Rahman started on his return journey.

During a routine check, police intercepted his vehicle at Pedaparupudi late last night and found the bundles of new Rs 2,000 notes.

“We have detained the man while a hunt is on for his accomplice. The constable in question seems ignorant of the operation as this man only wanted to use him as a shield,” Gudivada Deputy Superintendent of Police Ankineedu Prasad said.

“We are now investigating from where he got such huge cash,” the DSP added.

First Published On : Dec 15, 2016 14:42 IST

Income tax department warns of penal action if I-T returns ‘drastically’ changed

New Delhi: In a stern warning to assessees trying to misuse the provision of revising I-T returns, CBDT today said those “drastically” altering the forms to revise income will face scrutiny and penal action.

income taxincome taxIt said that post demonetisation announced on 8 November, some taxpayers may misuse this provision to revise the return filed by them for the earlier assessment year for manipulating income with an intention to show the current year’s undisclosed earnings in the earlier filing.

“The provision to file a revised return… has been stipulated for revising any omission or wrong statement made in the original return of income and not for resorting to make changes in the income initially declared so as to drastically alter the form, substance and quantum of the earlier disclosed income,” CBDT said in a statement.

The Central Board of Direct Taxes (CBDT), the policy making body of the income tax department, further said if the department notices any manipulation in income in previous year’s ITR (income tax return), it will conduct scrutiny.

“Any instance coming to the notice of the I-T department which reflects manipulation in the amount of income, cash-in-hand, profits etc and fudging of accounts may
necessitate scrutiny of such cases so as to ascertain the correct income of the year and may also attract penalty and prosecution in appropriate cases as per provision of law,” it said.

Under the Section 139(5) of the I-T Act, a revised ITR can only be filed if any person who has filed a return discovers any omission or any wrong statement therein.

First Published On : Dec 14, 2016 16:28 IST

Delhi: Nine flights cancelled, 19 delayed due to fog leading to zero visibility conditions

New Delhi: Shallow to dense fog was witnessed in some parts of the city on Wednesday with Delhi Airport witnessing zero visibility conditions leading to cancellation of nine domestic flights and delaying 19 others.

Rail traffic was also affected as 61 trains were delayed by several hours while 13 were cancelled and seven were rescheduled, according to a spokesperson.

According to a MeT department official, there was zero visibility at Palam at 5.30 am which subsequently improved to 100 metres by 8.30 am.

Representational image. PTI

Representational image. PTI

There were better visibility conditions at Safdarjung with 1,000 metres visibility being recorded at 5.30 am that dropped to 600 metres by 8.30 am.

The arrival and departure of 19 domestic and international flights was delayed and nine domestic flights were cancelled due to fog and other reasons, according to the Delhi airport website.

A Delhi Airport spokesperson, however maintained that flight operations were normal.

Last week when 362 flights were delayed and 38 flights including 24 departures were also cancelled and three flights diverted during the low visibility period at the airport, DIAL, in its statement, had not mentioned about all the flights in its statement.

It had only mentioned that 24 flights were delayed because of weather and 34 cancelled during low visibility period due to “other reasons”. It had also said that no flight was cancelled during the low visibility period.

The city, meanwhile, recorded a low of 10.5 degrees Celsius.

“The minimum temperature was recorded at 10.5 degrees Celsius, two notches above normal and the humidity was recorded at 93 percent at 8.30 am,” said a MeT department official.

The maximum and minimum temperatures are likely to hover around 25 and 10 degrees Celsius respectively with clear sky expected through the day and moderate fog tomorrow morning.

On Tuesday, the city recorded a minimum of 10.5 degrees Celsius, two notches above normal, while the maximum temperature settled at 26.6 degrees Celsius, three notches above the season’s average.

First Published On : Dec 14, 2016 12:13 IST

Demonetisation impact: Arun Jaitley hints at tax rate cuts “at some stage”

New Delhi – Finance Minister Arun Jaitley on Tuesday hinted at lower direct and indirect tax rates in the future as demonetisation results in higher tax revenues from unaccounted wealth coming into system.

He also warned of a “very heavy price” that unscrupulous elements will have to pay for amassing large amounts of cash unlawfully, saying agencies are keeping a close eye on cash accumulations.

The 8 November announcement by the government to demonetise high value notes has in one stroke junked 86 percent of the currency in circulation and holders of the discontinued notes can deposit them in banks before the end of the year and withdraw money in new currency.

Arun Jaitley. PTI file photoArun Jaitley. PTI file photo

Arun Jaitley. PTI file photo

The money being deposited has to be accounted for and taxes paid – 50 percent on voluntary disclosures of unaccounted money and 85 percent for any failures.

“So much money…operating as loose cash in the system has today come into the banking system,” he said. “It has to be accounted for. Where taxes have not been paid will now be recovered.”

Jaitley said future transactions would be substantially digital as India moves towards a less-cash society.

“Once they are substantially digital they get caught in tax net,” he said. “Therefore the future taxation level would be much higher than what is currently being collected. This would also enable the government at some stage to make taxes more reasonable which will apply to both direct and indirect taxes.”

Demonetisation together with other reforms, particularly the GST and the restrictions on cash spending subjected to PAN declaration, will bring down the levels of corruption in
society, he said.

“It is going to bring down cash transaction in society and it’s going to bring down levels of evasion as far as taxation is concerned,” he said.

Jaitley said it has come to the notice of the government that some unscrupulous people, including some in the banking system and others, have been trying to subvert the system once again and have accumulated large amounts of cash unlawfully.

“Obviously there is a breach of law in this and this is a step which hurts the economy. And therefore all agencies have an eye on this. They will investigate this matter and all those who are indulging in this malpractices will have to pay a very heavy price for what they are doing,” he added.

First Published On : Dec 14, 2016 08:43 IST

Preserve CCTV footages to spot currency hoarders: RBI to banks

Mumbai: RBI has asked banks to preserve CCTV recordings of operations at bank branches and currency chests to help law enforcement agencies in identifying people engaged in hoarding of new notes post demonetisation.

The Reserve Bank, in a notification issued today, said banks should “preserve CCTV recordings of operations at bank branches and currency chests for the period from 8 November to 30 December, 2016, until further instructions”.

The central bank said the move will “facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes”.

Representational image. ReutersRepresentational image. Reuters

Representational image. Reuters

Earlier in October, the RBI had asked banks to cover the banking hall/area and counters under CCTV surveillance and recording and preserve the recording to help identify people abetting circulation of counterfeit notes.

After demonetisation, there have been reports of hoarding of new currency notes by unscrupulous elements at various bank branches across the country.

The Income-Tax Department is carrying out raids across the country on a regular basis since demonetisation to nab new currency hoarders and several people, both individuals as well as bank officials, have been booked so far for carrying out such illegal activities.

The government has said abolishment of these high denomination banknotes is intended to bring back unaccounted money into the system, curb fake currency circulation as well as to deter terror financing.

First Published On : Dec 13, 2016 17:38 IST

In the time of demonetisation, it is the small change that comes to the rescue

The Income Tax Department may not tax, penalise or even frown at much of the hoarded money that is coming out — the small change — the coins of Re 1, Rs 2, 5, and 10. They are being taken out of that corner drawer or the kid’s piggybank after replenishing it with a crisp Rs 2,000 bank note.

“Look, how nice it looks. Pink and not a crease or an ink spot. Now, there is more room for coins,” is usually the explanation given to the suspicious child. After a pause, comes the qualifier: “Later”. Heaven knows when that “later” would arrive.

It was both scarce and plentiful. Even at the counter of the supermarket, which does 12 hours of brisk business, you proffered a note, including the denominated notes of Rs 500 and Rs 1,000, and the cashier would say,  “Change, sir?”

Representational image. Reuters.

Representational image. Reuters.

You insist and they would bring out the coins and give you the change. Like you and every other shopkeeper, they too hoarded, because of two reasons. The shopkeepers bought them at a commission, Rs 15 for every Rs 100 from moneychangers who include beggars. You did not carry them around because they weighed down your pocket.

Now they are back in respect.

The other day, my bank gave me Rs 1,000 in coins, as many as 100 of the shiny Rs 10 in a nicely sealed plastic bag. The wife grabbed it as anything other than Rs 2,000 bank note was welcome. Because, between Rs 100 and the Rs 2,000 currency notes, there isn’t any currency-stifling transactions.

There was a time you liked crisp bank notes, but seldom got any, be it from the bank where a cheque was encashed or across the counter from a shop or a superstore. You settled for whatever was provided, even the most battered notes.

There was also preference for higher denomination notes of Rs 100 and 500, and even Rs 1,000. Since Rs 10 fetched very little, it did not count for much and a Rs 50 note was just alright. So was the denomination of Rs 20. The idea was not to physically fatten the wallet.

Wallets have to be fat by virtue of its value, not grammage. When we spend for thinner, lighter mobile phones, never mind its length and breadth, but consider the thinness a desired quality, thick wallets are passé.

Who wanted the coins! It lasted a journey back home to rest in a small pile, and if you had a grandchild, into his or her piggybank. Even beggars frowned at the Re 1, Rs 2, and didn’t mind the Rs 5 coins, and the Rs 10 isn’t as much in circulation. Even the beggar suffers the weight of inflation and the ignominy of having to stretch a palm.

The coins were after all chillar. It has its demeaning nuance.

Post-denomination, most of us came close to stretching our palms after waiting in the queue without instigating a riot for the cash crunch. If the banks didn’t readily part with your money to you, how would a neighbour?

The days of the small loan are over. At least in the short term. It is for the Reserve Bank of India to determine what that ‘short term’ means. You have lost control of your money, so why not let the central bank decide on the timeline? Anyhow, you have the other time on mind – the time you would need to spend in a queue outside an ATM which disgorges only the Rs 2,000 note.

Disgorge is not mot juste here. It only reluctantly tosses out one.

The curious aspect of queues outside ATMs is where the machine is stocked with Rs 100 notes. The attempt is to draw Rs 1,900 and Rs 2,000. That big-daddy bank note is money you cannot use much. It is a limited attempt at gaming the system.

First Published On : Dec 13, 2016 14:28 IST

Demonetisation: ED arrests 7 middlemen; seizes Rs 93 lakh new notes in Karnataka

Bengaluru: Unearthing a racket involved in illegal conversion of demonetised notes, the ED has arrested seven alleged middlemen and seized Rs 93 lakh in new currency in Karnataka as part of its money laundering probe.

PTIPTI

PTI

Officials said the agency placed the seven, including the relative of a government official, under arrest late yesterday under provisions of the Prevention of Money Laundering Act (PMLA).

Rs 93 lakh in new notes of Rs 2000 have been seized in the case, they added.

Officials said the action was taken as part of a probe in a case where the Income Tax department had recently seized Rs 5.7 crore cash in new currency and the Enforcement Directorate had booked a money laundering case against a government engineer and others based on a CBI FIR in the case.

The modus operandi adopted by the alleged middlemen, officials said, was unearthed after ED officials launched a special operation and themselves posed as ‘customers’ looking to get old currency changed illegally, after paying commission to the said middlemen.

Officials said the probe by the agency found that these alleged middlemen were reportedly charging a commission between 15-35 per cent and were executing the racket of
illegal conversion of new notes in alleged connivance with bank officials.

They said the agency suspects that there is a chain of middlemen involved in converting black funds into white even as they added that the probe in continuing.

The accussed are expected to be produced in a local court here for further custody.

First Published On : Dec 13, 2016 11:38 IST

Cyclone Vardah as it happened: Four killed in Tamil Nadu, two fishermen go missing off Kakinada coast

Cyclone Vardah as it happened: Four killed in Tamil Nadu, two fishermen go missing off Kakinada coast

By Updated: Dec 12, 2016 21:36 IST

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New Delhi: Cyclonic storm Vardah, which was earlier expected to weaken considerably, may not see its intensity going down when it makes landfall near Chennai on Monday. According to the Cyclone Warning Division of the India Meteorological Department, (IMD), Vardah, which is currently, a very severe cyclonic storm, will weaken, but only to a severe cyclonic storm.

Cyclone Vardah over Tamil Nadu and Andhra Pradesh.Cyclone Vardah over Tamil Nadu and Andhra Pradesh.

Cyclone Vardah over Tamil Nadu and Andhra Pradesh.

The earlier forecast made by the IMD was that it would weaken into a cyclonic storm, thereby reducing its intensity considerably. At 9.30 am, the cyclone was lay centered around 105 kms east-northeast of Chennai.

By the time it makes a landfall, its wind speed is expected to be 100-110 kilometres per hours with winds gusting up to 120 kmph. The wind speed during a very severe cyclonic storm is 120 to 130 kmph. In a severe cyclonic storm the wind speed is somewhere between 110 to 80 kilometres per hour. One of the major reasons for destruction in any cyclone is the wind velocity, apart from heavy to heavy rains and flooding.

Rainfall at most places with isolated heavy to very heavy falls over south coastal Andhra Pradesh, north coastal Tamil Nadu and Puducherry is very likely during 36 hrs. The rainfall intensity will increase gradually becoming heavy to very heavy rainfall (7-19 cm) at a few places and isolated extremely heavy rainfall (20 centimetres) over Chennai, Thiruvallur and Kanchipuram districts of Tamil Nadu and Nellore and Prakasam districts of Andhra Pradesh on 12 December, the IMD said.

Tidal wave of about one metre height above the astronomical tide is very likely to inundate the low lying areas of Chennai, Thiruvallur and Kanchipuram districts of Tamil Nadu and Nellore districts of Andhra Pradesh during the time of landfall.

With inputs from PTI

First Published On : Dec 12, 2016 21:35 IST

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Demonetisation: Uttar Pradesh garners maximum deposits under Jan Dhan

New Delhi: Uttar Pradesh tops the list of states with the most deposits in Jan Dhan accounts, followed by West Bengal and Rajasthan.

Representational image. PTIRepresentational image. PTI

Representational image. PTI

The total deposits in Jan Dhan accounts stand at Rs 74,610 crore as of 7 December, as per Finance Ministry data. UP has about 3.8 crore Jan Dhan accounts with deposits of Rs 12,021.32 crore. It is followed by West Bengal with 2.44 accounts and deposits of Rs 9,193.75 crore.

Rajasthan comes in third with 1.9 crore accounts and Rs 6,291.1 crore deposits, followed by Bihar (2.62 crore accounts, Rs 6,160.44 crore deposits).

Total deposits in Jan Dhan accounts surged by around Rs 28,973 crore in about a month after the announcement of ban on old Rs 500 and Rs 1,000 currency notes.

Despite the surge, about one-fifth of these accounts still have no balance.

Last week, the government said that inflows into Jan Dhan accounts have come down significantly after it warned people not to allow their accounts to be misused for converting black money into white.

After setting a cash deposit limit of Rs 50,000 in these accounts, the government had on November 18 cautioned account holders that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30.

The directive came against the backdrop of reports that some people were misusing other persons’ bank accounts to convert their black money into new denomination notes.

First Published On : Dec 12, 2016 19:19 IST

Cyclone Vardah: IMD issues warning, says second arm is usually more disastrous

New Delhi: Sunshine, clear sky and no rains just after a cyclone is not an indication that the storm has passed, a meteorologist said on Monday, warning that the second arm of the cyclone is usually more destructive.

Representational image. Reuters

Representational image. Reuters

According to Laxman Singh Rathore, who served as Director General of the India Meteorological Department during Cyclone Phailin and Hudhud, people tend to think that cyclone has passed when the first arm that hits coast bringing heavy rains and gusty winds.

Whenever a cyclone makes landfall, its first arm hits the coast, followed by the eye and then second arm. “When the eye, which is the Centre of the Cyclone, makes landfall, it is devoid of any cloud, gusty winds and has sunshine.

“People tend to think that cyclone has passed away. But the second arm of the cyclone is usually more destructive, bringing more rains and gusty winds. The storm surge is higher during this period,” said Rathore. He said people should be more cautious during this phase.

First Published On : Dec 12, 2016 15:07 IST

Shift to cashless after demonetisation: RBI not for cut in debit card charge

The RBI is not in favour of cutting debit card charges aggressively, a proposal the government has made to the regulator, as it thinks such a move will impact the banks’ businesses negatively, according to a report in The Economic Times.

The proposal to reduce the charges was made by the government in various meetings and video conferences it held with the RBI officials and bankers.

ReutersReuters

Reuters

The move is aimed at smooth transition into cashless economy after the demonetisation of Rs 500 and Rs 1000 notes.

The government has already waived the charges until 31 December this year. The government now wants to either cut the charges more aggressively until 31 March 2017 or just do away with them completely.

According to R Gandhi, one of the deputy governors at the RBI, the move is likely to render business unsustainable for the banks.

The charges mentioned here is the merchant discount rate , which the central bank had capped at 0.75 percent for transaction values up to Rs 2,000 and at 1 percent for transaction values above Rs 2000. MDR is the merchant fees for debit card transactions.

Card payments are indeed a complex process for banks. A simple grahic below (source RBI concept paper) explains how the transaction flow in a four-part model card networks.

transaction-flowtransaction-flow

“When a customer makes a transaction using cards at a merchant establishment, banks are the ones which incur a cost to process the transaction. MDR helps them compensate for this. That is the reason why the banks are not very happy about extending the MDR waiver,” explains Kalpesh Mehta, partner, Deloitte India.

An earlier report in The Economic Times had said that bankers see Rs 1000 crore loss if the government forces them to waive off the charges or extend the present waiver beyond 30 December.

“The government is in a hurry. Banks are requesting the government not to sacrifice commercial considerations,” a payments industry official has been quoted as saying in the ET report.

It seems the banks will have to make a few sacrifices as India transitions to the cashless mode.

First Published On : Dec 12, 2016 14:26 IST

Cyclone Vardah disrupts normal life in Chennai, rail and flight services delayed

Chennai: Rail and flight services here were affected by heavy rain and strong winds that lashed the city and other coastal areas of Tamil Nadu due to cyclone Vardah, officials said.

Around 25 incoming flights, including those from international destinations, were diverted to the nearby Hyderabad and Bangalore airports due to strong winds and poor visibility, airport officials said.

Nearly 25 outbound flights were delayed, officials said, adding that there was no inundation of the runway despite heavy rains.

An emergency management team was on standby to meet any eventuality, they said.

The Southern Railway meanwhile, announced suspension of services on the Chennai Beach and Velacherry MRTS route.

Similarly suburban rail services on the MMC-Gummidipoondi line were also suspended until further notice. Some passenger trains coming to Chennai and leaving the city were also diverted.

First Published On : Dec 12, 2016 12:05 IST

Cylone Vardah LIVE: Storm may not weaken much when it makes landfall, says IMD

Dec 12, 2016

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New Delhi: Cyclonic storm Vardah, which was earlier expected to weaken considerably, may not see its intensity going down when it makes landfall near Chennai on Monday. According to the Cyclone Warning Division of the India Meteorological Department, (IMD), Vardah, which is currently, a very severe cyclonic storm, will weaken, but only to a severe cyclonic storm.

Cyclone Vardah over Tamil Nadu and Andhra Pradesh.Cyclone Vardah over Tamil Nadu and Andhra Pradesh.

Cyclone Vardah over Tamil Nadu and Andhra Pradesh.

The earlier forecast made by the IMD was that it would weaken into a cyclonic storm, thereby reducing its intensity considerably. At 9.30 am, the cyclone was lay centered around 105 kms east-northeast of Chennai.

By the time it makes a landfall, its wind speed is expected to be 100-110 kilometres per hours with winds gusting up to 120 kmph. The wind speed during a very severe cyclonic storm is 120 to 130 kmph. In a severe cyclonic storm the wind speed is somewhere between 110 to 80 kilometres per hour. One of the major reasons for destruction in any cyclone is the wind velocity, apart from heavy to heavy rains and flooding.

Rainfall at most places with isolated heavy to very heavy falls over south coastal Andhra Pradesh, north coastal Tamil Nadu and Puducherry is very likely during 36 hrs. The rainfall intensity will increase gradually becoming heavy to very heavy rainfall (7-19 cm) at a few places and isolated extremely heavy rainfall (20 centimetres) over Chennai, Thiruvallur and Kanchipuram districts of Tamil Nadu and Nellore and Prakasam districts of Andhra Pradesh on 12 December, the IMD said.

Tidal wave of about one metre height above the astronomical tide is very likely to inundate the low lying areas of Chennai, Thiruvallur and Kanchipuram districts of Tamil Nadu and Nellore districts of Andhra Pradesh during the time of landfall.

With inputs from PTI

First Published On : Dec 12, 2016 11:16 IST

Cyclone Vardah: Torrential rains lash coastal districts of Tamil Nadu

Chennai: Heavy rains coupled with squally winds on Monday lashed the northern coastal districts of Tamil Nadu, including Chennai, as very severe cyclonic storm ‘Vardah’ was expected to make landfall this afternoon. Vardah lay 220 kilometres east-northeast of Chennai and 290 kilometre east-southeast of Nellore, the Meteorological office said.

IMD_1IMD_1

“The system is very likely to move nearly westwards and weaken gradually while moving towards north Tamil Nadu and adjoining south Andhra Pradesh coasts,” the office said.

“It is very likely to cross north Tamil Nadu and south Andhra Pradesh coasts, close to Chennai as a cyclonic storm with a wind speed of 80 to 90 kmph gusting to 100 kmph by 12th December 2016 afternoon,” it said.

Heavy rains lashed Chennai, Tiruvallore and Kancheepuram districts since early morning even as squally winds were witnessed in these districts. Power supply was suspended in many parts of these regions as a precautionary measure.

The armed forces have been asked to be on standby with the amy, navy and air force prepared to be deployed anytime as and when required. People in low-lying areas have been asked to move to safer zones even as various arms of the government were prepared to meet any eventuality. Flight services were so far operating smoothly, airport officials said.

First Published On : Dec 12, 2016 09:47 IST

Aircraft investigation body AAIB to probe Mumbai helicopter crash in Goregaon

New Delhi: Apex aircraft investigation body, Aircraft Accident Investigation Bureau (AAIB) will probe the helicopter crash in Goregaon suburb of Mumbai on Sunday in which one person was killed and three others were injured.

Aviation regulator DGCA has already started collecting evidence from the crash site which would help the AAIB in its probe, a senior official said.

“The DGCA officials are already on the crash site to collect evidence for probe. Since, ab initio its an accident, Aircraft Accident Investigation Bureau (AAIB) will be conducting a probe into it. We are sending a team of investigators to Mumbai tomorrow to start the probe,” a senior AAIB official told PTI.

Representational image. AFPRepresentational image. AFP

Representational image. AFP

The official said that the AAIB is expected complete its preliminary investigation in one weeks time.

One person was killed and three others were injured when a helicopter crashed in the Goregaon suburb of the western metropolis.

The helicopter crashed in an open ground in Aarey colony, a green belt in suburban Goregaon, and caught fire, according to the city fire department officials.

Local residents alerted police and Fire Brigade after they spotted smoke billowing from the crash site.

Four persons, all occupants of the chopper, suffered burns and were rushed to a hospital where one of them succumbed to injuries, said DCP (Zone 12) Kirankumar Chavan.

First Published On : Dec 11, 2016 17:44 IST

Non-OPEC to cut oil output by 562,000 bpd as part of global deal | Reuters

Non-OPEC to cut oil output by 562,000 bpd as part of global deal | Reuters

VIENNA Non-OPEC oil producers agreed on Saturday to reduce their output by a combined 562,000 barrels per day as part of a global deal with the Organization of the Petroleum Exporting Countries, two OPEC sources told Reuters.

(Reporting by Alex Lawler and Rania El Gamal; Editing by Dale Hudson)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 10, 2016 20:20 IST

Income Tax raid: Rs 106 crore in cash and 127 kg of gold seized in Chennai

Chennai: The Income Tax department has seized at least Rs 106 crore in cash, including Rs 10 crore in new currency, and gold bars weighing 127 kg in searches at multiple locations in the city to check tax evasion post demonetization.

This is the largest seizure of new currency notes after the old Rs 500 and Rs 1,000 notes were scrapped on 8 November. The I-T operation had been launched on Thursday here.

Officials said S Reddy, a contractor working with the state government, has claimed the entire money and the gold as his own and is being questioned.

“127 kg gold in 1 kg bars and Rs 96 crore in old currency and Rs 10 crore in Rs 2,000 notes have been seized by the sleuths after the operation,” top I-T department officials said, adding “this is an unprecedented amount that the tax department has seized in recent times”.

The department carried out the searches based on intelligence inputs about the activities of Reddy and few others for the last few days.

Representational image. PTI

Representational image. PTI

Officials said the agency was investigating how the new notes in such a large quantity were stashed by the individual. The bundles of the new Rs 2,000 had no banking slips on them.

They said the I-T teams had launched operations on at least eight locations of a “syndicate” involved in currency conversion.

The officials said a number of documents related to financial transactions, entries of gold sale and records of sale/purchase have also been seized by the tax sleuths.

At least three people of the alleged syndicate are being questioned while few others are under the radar, they said.

“He (Reddy) is a contractor working with the state government. He is claiming the entire cash and gold to be his own. Further probe is on,” they said.

The I-T department, they said, will share the case details with the Enforcement Directorate and CBI for further probe into money laundering and corruption angles. Some bank officials are also under the scanner of the taxman.

The tax department had made the largest seizure of Rs 5.7 crore cash in new notes in Bengaluru few days back after which two other central probe agencies, the CBI and the Enforcement Directorate, had taken over the cases to probe instances of corruption, money laundering and large-scale hawala transactions in the wake of the currency scrap on 8 November .

First Published On : Dec 9, 2016 11:20 IST

Manmohan Singh fires off scathing op-ed, calls demonetisation a ‘mammoth tragedy’

Former prime minister Manmohan Singh once again trained his guns on the Narendra Modi government’s demonetisation move, calling it a “mammoth tragedy”.

A month after the old currency notes of Rs 500 and 1,000 were banned overnight, in an editorial for the newspaper The Hindu on Friday, Singh wrote how the decision will hurt the Indians who earn their wages in cash, while the black money hoarders will get away with a “mere rap on the knuckles”.

File image of former PM Manmohan Singh. AFPFile image of former PM Manmohan Singh. AFP

File image of former PM Manmohan Singh. AFP

“The popular saying “the road to hell is paved with good intentions” serves as a useful reminder and warning in this context,” wrote Singh saying that although the intention to get the country rid of the black money is genuine, the method adopted by the current government is flawed.

Singh goes on to explain that millions across the country who earn their wages and hence, save, exclusively in cash has been the worst hit. “To tarnish these as ‘black money’ and throw the lives of these hundreds of millions of poor people in disarray is a mammoth tragedy,” he writes.

Meanwhile, Singh says that only a fraction of the actual black money is stored in cash form (rest in land, gold, foreign exchange, etc) by the guilty. And these people have much easy access to banks and other facilities.

He goes on to call Modi’s decision a “travesty of this fundamental duty”.

Singh also slammed the government for propagating that it has solutions for all the  problems while the previous one did nothing.  “It is not so,” writes Singh, saying the government needs to take care of the weak and not run away from responsibility.

Echoing his Rajya Sabha speech from last month, Singh said the move can even have an adverse effect on the GDP growth and job creation.

Last month Singh broke his silence on the central government’s demonetisation move, criticising Modi over the decision. During a debate in Rajya Sabha on 24 November, Singh said, “The GDP of the country will decline by about 2 percent by what has been done. And this is an underestimate and not an overestimate.”

Experts have agreed with Singh’s observations — who is an eminent economist — and concurred that the decline in GDP could be as high as three or four percent.

First Published On : Dec 9, 2016 10:03 IST

Demonetisation: HRD ministry plans month-long campaign to spread digital awareness among students

New Delhi: In the wake of demonetisation, the HRD Ministry is planning a month-long campaign, beginning 12 December, to spread awareness about digital transactions among university students and teachers across the country.

File Photo. Reuters

File Photo. Reuters

Union HRD Minister Prakash Javadekar today held a meeting through video conferencing with nearly 670 Vice Chancellors and senior officials dealing with higher education in states and said that the initiative — Vittiya Saksharta Abhiyan (VISAKA) is getting a very enthusiastic response from students.

“In two hours itself there were more than 2,000 registrations and by today evening there will be ten thousand registrations,” Javadekar told reporters after the meeting.

He said that various educational institutions are making efforts to ensure a digital campus but it is just a small part of the story.

To register volunteers, we are appealing to all college students to become volunteers in this transformation of India campaign of digital financial literacy, the minister said.

Javadekar said that as part of the campaign, each student will join digital platform and initiate their family as well as ten others towards cashless transactions.

First Published On : Dec 8, 2016 14:17 IST

New Delhi: Fog disrupts rail services; 94 intercity trains running late

New Delhi: Thick fog engulfed the national capital on Thursday morning, leading to cancellation of two train services, while 94 others were running behind schedule “by several hours” due to poor visibility.

Representational image. PTI

Representational image. PTI

Flight operations at the Indira Gandhi International Airport, however, were not affected in the morning, airport officials claimed.

According to a MeT department official, the visibility was recorded at 400 metres at 5:30 AM, which dropped to 100 metres three hours later.

Relative humidity was recorded at 97 percent at 8:30 AM. Minimum temperature was recorded at 8.7° Celsius, considered as normal for the season.

“Two train services were cancelled, while 94 others were running behind schedule by several hours due to the dense fog cover,” a railway official said.

The MeT department predicted that skies are expected to remain clear as the day progresses. The maximum temperature would hover around 23°Celsius, he added.

Yesterday, the minimum and maximum temperatures were recorded at 11.2° Celsius and 24.3° Celsius respectively.

First Published On : Dec 8, 2016 11:00 IST

Odisha: Malta Fever detected in cows, one-third blood samples test positive

Odisha: With at least 66 out of the 200 blood samples of cows sent for laboratory tests testing positive for Brucellosis (Malta fever), the Koraput administration has taken steps to prevent spread of the disease in the district.

Representational image. AFP

Representational image. AFP

“Random blood samples from cows were drawn for the laboratory tests and 33 percent of the total blood samples were detected with Brucella abortus bacterium,” CDVO (Koraput) SK Takri said.

“The disease was found from the blood samples mostly drawn from cows of Jeypore, Koraput, Damanjodi, Sunabeda and Semiliguda areas,” he added.

According to the CDVO, the disease caused by Brucella bacteria occurs as result of ingestion of unpasteurized milk or under-cooked meat from infected animals, or close contact with their secretions. Cattle are infected from polluted cattle feed or from other infected animals.

Sudden fever with shivering, joint pain, back pain, headache and inflammation of spleen are some of the symptoms of the disease which primarily infects livestock. Spread of the disease from cow to human is yet to be proved.

Ensuing hygiene in cattle sheds is one way to prevent infection in cattle.

Officials said they have been screening cows for the past few years for Brucellosis but there were very few cases.

But the recent laboratory tests of blood collected from 200 cows show that the disease is fast spreading in the district.

“While the affected animals will be kept isolated to stop spreading of the disease, female calves aged between 4 to 8 months will be vaccinated to ensure that they are not affected by the disease,” Takri said.

“Also, awareness will be spread among the cattle owners to take necessary steps to ensure that their animals are not affected by the disease,” he added.

First Published On : Dec 7, 2016 16:02 IST

Indo-Pak relations sluggish but no impact on bilateral agreements: V K Singh

New Delhi: The government on Wednesday told the Lok Sabha that the India-Pakistan relationship has become “sluggish” but added that there has been no impact on bilateral arrangements, including on exchange of fishermen and prisoners caught on either side.

Responding to a question related to Indian fishermen being arrested by Pakistan, Minister of State for External Affairs V K Singh said, “The relationship between the two countries (India and Pakistan) has become sluggish. But that has had no impact on such bilateral agreements.”

Representational image. PTI

Representational image. PTI

The minister added that mechanisms have been put in place to ensure release of fishermen caught by either side.

In addition, an India-Pakistan Judicial Committee on Prisoners, consisting of retired judges from the higher judiciary of both countries, was constituted in 2008 to look into humanitarian aspects of the matter.

The committee was also to recommend measures to ensure humane treatment and expeditious release of fishermen and prisoners, who have completed their prison term.

“The last visit of the Committee to India was in 2013. It is now Pakistan’s turn to organise the next visit of the Committee and the government awaits further steps by Pakistan in this regard,” he said.

Singh said there are 516 Indians languishing in Pakistani jails, which includes 55 fishermen while, as of July 2016, there are 270 Pakistani civil prisoners and 37 Pakistani fishermen in Indian jails.

“During 2013, 2014 and 2015, three Indian civil prisoners and eight Indian fishermen have died in the custody of Pakistani authorities. In addition, one Indian civil prisoner and two Indian fishermen have died in 2016 so far,” Singh added.

First Published On : Dec 7, 2016 14:53 IST

Jayalalithaa’s final journey: How Chennai bade Amma a worthy and graceful goodbye

The people of Tamil Nadu, especially those of Chennai, said goodbye to their leader, mentor and ‘amma’ with grace and dignity and profound restraint.

Putting paid to the fears that there would be rioting and violence and that high rollers of emotion would lead to clashes in the city, the public was mature, well behaved and allowed the ceremony to be conducted the way it should be in a state funeral.

The mortal remains of Tamil Nadu's former chief minister Jayaram Jayalalithaa kept for public viewing at Rajaji Hall in Chennai on Tuesday. PTIThe mortal remains of Tamil Nadu's former chief minister Jayaram Jayalalithaa kept for public viewing at Rajaji Hall in Chennai on Tuesday. PTI

The mortal remains of Tamil Nadu’s former chief minister Jayaram Jayalalithaa kept for public viewing at Rajaji Hall in Chennai on Tuesday. PTI

So much for a nation that has learned a reputation for idolising its stars and political luminaries and celebs and placing them on vertical pedestals a mile high.

What they did was greet the cortege with grateful acknowledgment and, for the most part, an eerie and telling silence.

If there was any annoyance it was the endless natter of the TV channel anchors all of whom completely failed to understand and appreciate the power of silence and could have just been quiet instead of flinging clichés as the solemnity of the procession moved onwards. Less would have been so much more.

That the military took over the ceremonies added to the poignancy of the moment and the playing of the Last Post always brings a lump to the throat. As the sound of the bugles died away Marina Beach and the stretch that led to it projected its sorrow through the throng’s courtesy and respect, both of which were tangible, the sun went down on an era.

Even the entourages of the VIPs were unobtrusive and did not meddle with the proceedings.

This was the right way to say goodbye. Done in the same style that personified Jayalalithaa, it shows we have as a people come a long way.

There was no pushing and shoving and all the concerns that people would kill themselves and that the city would burn were so totally misplaced that nothing can detract from this 24-hour cycle of exemplary conduct.

As histrionics rendered place to immense planning done at the last moment and a huge exercise in logistics and security it has to be said that from the moment the Apollo hospital announced the demise of the chief minister the system rolled out the ‘red carpet’ in grief without a falter.

Those who were expecting chaos must have been sorely disappointed. From the arrangements at her home to the cortege and the procession to controlling crowds and making sure that law and order was maintained, the government of Tamil Nadu did their fallen soldier proud in her final journey.

But it was left to the common man who opted to show his affection through the two finger V for victory sign, some party slogans and a wave and a fare thee well or simply a head bowed in silence.

We have a habit of letting ourselves down and always finding fault.

There was no fault to find. If the world was watching it saw a people stand together and it saw a nation who knew its protocol and its class in adversity and walked tall as a leader was put to rest.

Being alumni of Loyola College in Chennai myself I feel a certain kinship today and this state, even as it mourned, made the nation stand up that much straighter.

Even Jayalalithaa would have smiled and thought that the lessons in the discipline have taken root.

First Published On : Dec 6, 2016 20:36 IST

#NotePeCharcha: Fishing village Kosamba in Gujarat shares its demonetisation story

While the effects of demonetisation on urban India are immediately apparent to those with access to mainstream English media, its impact on rural lives is as yet unclear. We attempted to understand why during the second leg of our trip into the country’s villages. This time we travelled north with Firstpost senior assistant editor Bindisha Sarang to Gujarat’s Himmatnagar.

She had an iPhone, a couple of mics, a GoPro and no institutional monetary support — she had borrowed money from friends and withdrawn all the cash permitted under prevalent restrictions.380 (1)380 (1)

She went live on Facebook when she was able to locate a reliable cell phone signal, and sent in text updates on WhatsApp. Sarang had a very loose editorial guideline with which to work — she hitched rides when necessary, interviewed as many people as were willing to talk, altered her route as circumstances dictate, and filed updates when she deemed it necessary.

Firstpost broadcast Sarang’s road trip on our Facebook page, and, now that she has returned, It is now releasing the videos in the form of a series of documentary shorts.

Her journey started in Mumbai, and her first stop was Kosamba, a tiny village few kilometers away from the famous Thitha beach, in Valsad district. With nearly 90-95 percent of this tiny village earn their income fishing and allied fishing activities. We spoke to the fishermen, fisherwomen, a former sarpanch, as well as the current sarpanch to know the impact of demonisation on the lives of the villagers.  Watch the video.

First Published On : Dec 6, 2016 15:14 IST

Jayalalithaa dead: Chennai comes to grinding halt, state govt declares public holiday

Chennai: Life virtually came to a grinding halt here as the city woke up to deserted streets with shops, including eateries, remaining shut in the wake of the demise of Tamil Nadu Chief Minister J Jayalalithaa.

Public transport services, including auto rickshaws, were off the roads while some private vehicles were seen plying in various parts of the city where police personnel kept a tight vigil at vantage points.

A supporter of Tamil Nadu Chief Minister Jayalalithaa holds her photo. ReutersA supporter of Tamil Nadu Chief Minister Jayalalithaa holds her photo. Reuters

A supporter of Tamil Nadu Chief Minister Jayalalithaa holds her photo. Reuters

A near total shutdown like situation prevailed in the city and several other parts of the state since last evening itself.

The focus on Tuesday turned to Rajaji Hall where Jayalalithaa’s body is lying in state to enable public pay their homage.

With even tea stalls, which usually do a brisk business in the early hours, remaining closed, mobile tea vendors could be seen dispensing the brew at some places. Hotels are also closed.

Suburban train services, however, were being operated in the city, albeit with lower passenger rush.

Long distance trains arriving at Chennai Central and Egmore stations were on time.

The state government has declared a holiday Tuesday for its offices and three-days for educational institutions as a mark of respect to the departed leader.

Meanwhile, the Tamil film industry announced cancellation of shootings scheduled for Tuesday. Theaters also cancelled shows.

First Published On : Dec 6, 2016 09:59 IST

Jayalalithaa was an embodiment of women empowerment: Tamil Nadu Governor

Chennai: Tamil Nadu Governor Ch Vidyasagar Rao on Monday paid rich tributes to departed Chief Minister J Jayalalithaa, hailing her as an embodiment of women empowerment.

Jayalalithaa. AFP

Jayalalithaa. AFP

Jayalalithaa “stood as a symbol of dynamism, bravery and was known for sharp intellect,” he said at the swearing-in of O Panneerselvam as Chief Minister of the state following the AIADMK supremo’s death.

“Affectionately called as Amma, she was an embodiment of women’s empowerment and filled with indefatigable spirit. She was known for her noble qualities and sacrificed her life for the cause of the poor and downtrodden,” he said.

He said Jayalalithaa ‘struggled’ for more than two months in the hospital and fought death valiantly with her indomitable will power.

“It is sad that the clutches of death have snatched away the life of the leader of the masses,” Rao said.

He also recalled that she had affectionately received him when he came here to assume additional charge as the Tamil Nadu Governor.

Jayalalithaa’s passing away has caused an irreparable loss to the nation in general and Tamil Nadu in particular, Rao said.

“I express my sincere condolences from the bottom of my heart to the people of Tamil Nadu and pray to God to rest her soul in peace,” he added.

First Published On : Dec 6, 2016 08:58 IST

Demonetisation: Toll plazas to receive payment through credit, debit cards

New Delhi: All toll plazas in national highways will receive payments through credit or debit cards and e-wallet henceforth besides accepting old currency notes of Rs 500 till 15 December.

Representational image. Reuters

Representational image. Reuters

The Home Ministry has also asked the states to deploy adequate police so that no potential law and order problem arises across the toll plazas. In a communication to chief secretaries of all states, the Home Ministry said to facilitate smooth passage of national highways users, several measures have been undertaken including fee collection through credit/debit cards through point of sale system installed by the banks.

Besides, the toll plazas will install fee paid instruments, e-wallet, electronic toll collection and accept old currency notes of Rs 500 till December 15 as a special case, Joint Secretary in the Home Ministry Dilip Kumar said in a communication.

The ministry said anticipating a scenario of likely shortage of currency notes which may result in longer than normal traffic at the toll plaza booths, state administrations are requested to deploy adequate police forces and duty magistrates for facilitating smooth passage of national highway users.

It asked the states to ensure the availability and deployment of adequate officers and police forces so that no potential law and order problem arises across the toll plazas. Toll collection across all the national highways has resumed with effect from midnight of 2 December.

First Published On : Dec 5, 2016 20:41 IST

Jayalalithaa’s health: US Consulate sends out ’emergency message’ for American citizens

Chennai: With Chief Minister Jayalalithaa said to be critical, the US Consulate in Chennai on Monday issued an “emergency message” for American citizens, asking them to review their personal security plans and remain aware of the local events.

“US citizens are reminded that even gatherings intended to be peaceful can turn confrontational and escalate into violence. You should avoid areas of demonstrations, and exercise caution if in the vicinity of any large gatherings, protests, or demonstrations,” the Consulate said in a message on its official website without any reference to any particular development.

“Review your personal security plans; remain aware of your surroundings, including local events; and monitor local news stations for updates. Maintain a high level of vigilance and take appropriate steps to enhance your personal security,” the message said.

Further, the Consulate General will operate with reduced staffing on Monday, it announced, adding, it has “temporarily suspended appointments for routine services to US citizens and visa applicants.”

“Applicants will be informed by email. The Consulate will provide updates when routine services are restored,” it added.

Jayalalithaa, hospitalised since 22 September, suffered a cardiac arrest last evening, prompting scores of party workers to throng Apollo Hospital where she has been admitted.

First Published On : Dec 5, 2016 16:00 IST

LIVE: Jayalalithaa suffers cardiac arrest; next few hours ‘very critical’, say doctors

Dec 5, 2016

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Chennai: Tamil Nadu chief minister J Jayalalithaa was on Monday said to be critical after she suffered a cardiac arrest in the hospital where she was admitted over two months ago.

Apollo Hospitals, in a tweet late on Sunday night, said doctors were closely monitoring Jayalalithaa’s condition and trying their “very best”.

Joint Managing Director of Apollo Hospitals, Sangita Reddy tweeted:

68-year-old Jayalalithaa is “critical”, she said in an earlier tweet, adding that the AIADMK chief was on extracorporeal membrane heart assist device and being treated by a team of expert doctors and critical care specialists.

Security has been beefed up across the state with the Tamil Nadu DGP ordering all police officers and personnel to report for duty by 7 am for deployment.

Jayalalithaa, who has been undergoing treatment at the hospital since 22 September, suffered a cardiac arrest late on Sunday evening.

File image of J Jayalalithaa. PTI

File image of J Jayalalithaa. PTI

“She is being treated and monitored by a team of experts, including cardiologists, pulmonologist and critical care specialists,” chief operating officer and head of transformation of Apollo Hospital Dr Subbaiah Viswanathan said in the statement yesterday.

Dr Richard Beale from London has also been consulted and concurred with line of treatment by our cardiologists and pulmonologists, the hospital said.

Soon after the Apollo Hospitals statement came, Union Home Minister Rajnath Singh spoke to Tamil Nadu governor Ch Vidyasagar Rao and enquired about Jayalalithaa’s health.

Rao, who is also Governor of Maharashtra, rushed to Chennai from Mumbai and went to the hospital.

Ministers and top police officials also rushed to the hospital and held informal consultations on the situation. Heavy deployment of police was made at the hospital on Greams Road where thousands of supporters of ‘Amma‘ (mother), as she is fondly called by her supporters, and AIADMK cadre had gathered on hearing the news.

In a communication to ADGPs of Enforcement, CB-CID, Economic Offences Wing and Crime wings, the Director General of Police’s office asked them to “mobilise all the officers in the rank of SPs and police personnel of other ranks of Enforcement, CBCID, EOW and Crime completely and they should report” to SPs and Commissioners of Police at 7 am.

“They should report in full uniform with their vehicles for law and order bandobust duty until further orders,” it said.

Jayalalithaa was hospitalised on 22 September after she complained of fever and dehydration. The hospital, which had been issuing bulletins on her health status, had later said she was being treated for infection with respiratory support, among others.

With inputs from PTI

First Published On : Dec 5, 2016 07:55 IST

Jadavpur University student found hanging in hostel room, family alleges foul play

Kolkata: An MA student at Jadavpur University was on Sunday found hanging in his room in the varsity’s main hostel, police said, even as his family alleged foul play in the incident.

Jadavpur University. File photo. IBNLive

Jadavpur University. File photo. IBNLive

Soumitra De, an MA second year student of philosophy, was found hanging from the ceiling fan of his room in block B of the main hostel after fellow students broke open the door when their repeated calls went unanswered at around 11 am, an officer of the Jadavpur police station said.

The deceased’s family members, who came down to the city from Bankura in the afternoon, alleged the boy was murdered and then hung from the ceiling fan.

De, who hailed from Bankura district’s Joypur, had been taken to the MR Bangur Hospital where he was declared dead on arrival. His hostel room’s door was locked from inside and when De’s body was pulled down, it was found that the student was wearing a headphone, attached to a cell phone, the officer said.

Asked whether there was any foul play in the death of De, the officer said, “It is too early to draw a conclusion in this regard. We need to wait for the post mortem report. But, going by the circumstantial evidence it seems this can be a case of suicide,” he said.

Initial probe indicated that the boy, known as a bright student, had been in depression for some time, the
officer added.

First Published On : Dec 4, 2016 20:45 IST

Heart of Asia summit as it happened: Amritsar Declaration recognises terrorism as the biggest threat, says Arun Jaitley

Heart of Asia summit as it happened: Amritsar Declaration recognises terrorism as the biggest threat, says Arun Jaitley

By Updated: Dec 4, 2016 18:20 IST

Dec 4, 2016

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Pakistan Premier’s foreign affairs advisor Sartaj Aziz along with foreign ministers of four countries on Sunday called on Prime Minister Narendra Modi who told them that it was important to end terrorism and violence for fostering stability in Afghanistan and the region.

The Foreign Ministers of Kyrgyzstan, Iran, Afghanistan, and Slovakia, which holds the European Union Presidency this month, along with Pakistan Prime Minister’s Foreign Affairs Advisor Aziz called on Modi ahead of the 6th Ministerial Conference of the Heart of Asia Istanbul Process on Afghanistan.

PM Narendra Modi with Nawaz Sharif. PTI file imagePM Narendra Modi with Nawaz Sharif. PTI file image

PM Narendra Modi with Nawaz Sharif. PTI file image

Modi welcomed the Foreign Ministers and stressed it was the collective responsibility of all those in the region to work together to help Afghanistan out of its current difficulties, External Affairs Ministry Spokesperson Vikas Swarup said.

The Prime Minister stated that his several interactions with both the common people of Afghanistan and the country’s leadership had convinced him that the Afghan people were tired of the continuing violence and terrorism. Prime Minister Modi stressed on “the need to end terrorism and violence for fostering stability, security and development in Afghanistan and our region,” Swarup said. In this context, the Prime Minister hoped that discussions in the Ministerial Conference tomorrow will produce good results.

Agreeing with the Premier on the need to end violence in Afghanistan, the Foreign Ministers shared Prime Minister Modi’s view that Afghanistan’s stability, security and prosperity are integral to the region’s, Swarup said. “They greatly appreciated the continued commitment and engagement of India and its leadership for these ends.

The Foreign Ministers warmly thanked India for hosting the Conference and expressed confidence that all friends of Afghanistan will work together for realising the aspirations for peace and development,” he said.

First Published On : Dec 4, 2016 18:20 IST

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Heart of Asia summit LIVE: Amritsar Declaration recognises terrorism as the biggest threat, says Arun Jaitley

Heart of Asia summit LIVE: Amritsar Declaration recognises terrorism as the biggest threat, says Arun Jaitley

By Updated: Dec 4, 2016 17:14 IST

Dec 4, 2016

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Pakistan Premier’s foreign affairs advisor Sartaj Aziz along with foreign ministers of four countries on Sunday called on Prime Minister Narendra Modi who told them that it was important to end terrorism and violence for fostering stability in Afghanistan and the region.

The Foreign Ministers of Kyrgyzstan, Iran, Afghanistan, and Slovakia, which holds the European Union Presidency this month, along with Pakistan Prime Minister’s Foreign Affairs Advisor Aziz called on Modi ahead of the 6th Ministerial Conference of the Heart of Asia Istanbul Process on Afghanistan.

PM Narendra Modi with Nawaz Sharif. PTI file imagePM Narendra Modi with Nawaz Sharif. PTI file image

PM Narendra Modi with Nawaz Sharif. PTI file image

Modi welcomed the Foreign Ministers and stressed it was the collective responsibility of all those in the region to work together to help Afghanistan out of its current difficulties, External Affairs Ministry Spokesperson Vikas Swarup said.

The Prime Minister stated that his several interactions with both the common people of Afghanistan and the country’s leadership had convinced him that the Afghan people were tired of the continuing violence and terrorism. Prime Minister Modi stressed on “the need to end terrorism and violence for fostering stability, security and development in Afghanistan and our region,” Swarup said. In this context, the Prime Minister hoped that discussions in the Ministerial Conference tomorrow will produce good results.

Agreeing with the Premier on the need to end violence in Afghanistan, the Foreign Ministers shared Prime Minister Modi’s view that Afghanistan’s stability, security and prosperity are integral to the region’s, Swarup said. “They greatly appreciated the continued commitment and engagement of India and its leadership for these ends.

The Foreign Ministers warmly thanked India for hosting the Conference and expressed confidence that all friends of Afghanistan will work together for realising the aspirations for peace and development,” he said.

First Published On : Dec 4, 2016 17:15 IST

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Meet Kali and Vedan from a snake-catching tribe from Tamil Nadu that saves lives

Chengalpattu: A small scythe, a crowbar and a bundle of canvas bags are all that Kali and Vedan carry when they venture into the fields of southern India to catch some of the world’s deadliest snakes.

Their skills, passed from generation to generation of the Irula tribe they belong to, are crucial for the production of anti-venom in a country with the world’s highest number of deaths from snake bites.

Snake catchers Kali and Vedan save lives. AFPSnake catchers Kali and Vedan save lives. AFP

Snake catchers Kali and Vedan save lives. AFP

Since it began in the 1970s, the Irula snake-catchers’ cooperative on the outskirts of the southern city of Chennai has revolutionised the treatment of snake-bites in India, enabling it to produce enough anti-venom to supply hospitals across the country.

It also provides much-needed income for the Irula, one of the region’s most deprived groups, who used to hunt snakes and sell the skins but lost their livelihood overnight when India banned the practice in 1972.

Kali learned the intricate skill of tracking and then catching snakes from his father, whose abilities were renowned in the small community.

Now the 36-year-old uses those same skills to catch snakes for the cooperative, which keeps them for a month under licence from the government and harvests their venom before returning them to nature.

This month he is tasked with catching the saw-scaled and Russell’s vipers — two of India’s four deadliest snake varieties — under the quota system the cooperative uses to ensure it harvests the right quantity of venom.

Within 20 minutes of starting the search in rice fields less than a mile (kilometre) from a busy highway, he has spotted a tiny snake concealed under the bark of a fence post, its brown markings barely visible against the wood.

Minutes later his partner Vedan has expertly manoeuvred the slithering creature with his bare hands into a canvas bag, which he secures with a tight knot and slings into a plastic shopping basket.

“It’s an adult female saw-scaled viper, one of the most venomous snakes,” says Kali, who like many Indians goes by only one name.

“In winter they like to hide in tree bark, that’s how we found it.”

‘Sacred work’

Kali will be paid 300 rupees for the viper under a tariff system that rises to 2,500 rupees for a cobra.

Sometimes he gets lucky and finds a snake quickly; other times he will go for days without a catch, but the money is good, and unlike him, Kali’s children are able to attend school regularly.

The cooperative, which was set up by the American conservationist Rom Whitaker and is now controlled by the state authorities, will keep the snake for a month and harvest its venom four times.

Non-lethal amounts of venom from four snake species are injected into horses, which then produce antigens that are used to make antivenom for all bites.

That is the only reliable treatment for a human bitten by a venomous snake, although the Irula also use herbal treatments that they say give them more time to reach a hospital.

India has 244 snake species and the four most venomous, the cobra, krait, Russell’s viper and saw-scaled viper, are found throughout the country.

Experts say thousands of people die every year from snakebites in India, still a predominately rural economy where farmers run the risk of being bitten every time they go into their fields.

Government figures show just a few recorded cases every year, but most go unreported because victims never reach hospital and a 2011 study put the number of annual deaths at around 46,000.

Villagers living near the cooperative said snakes frequently entered their homes, putting them at risk of being bitten in their sleep — but were pretty nonchalant about the threat.

“In our village one person was bitten by a snake. He was taken to hospital and he recovered,” said Maragadham, a 36-year-old child minder.

“Snakes are found in most homes, but they are not a threat to us.”

That is because most health facilities in India now have sufficient supplies of anti-venom.

Back at the cooperative, Kali and Vedan have placed their catch in a clay pot in preparation for the extraction process.

The extractor takes out the snake, gripping it below the head, which he places in front of a thin piece of leather that has been stretched over the top of a small glass jar to imitate skin.

As the snake opens its jaw and sinks its fangs into the leather covering, the deadly liquid drips into the jar.

“The snake has to bite, only then will it inject the venom,” explains R. Kumar after snipping a few scales from the snake’s skin to indicate that extraction has taken place.

“We don’t have much education. We’re not interested in any other work. But this work is important, it is sacred to us.”

First Published On : Dec 4, 2016 12:22 IST

Demonetisation: Centre, states to list industries for cashless wage payment

New Delhi: Aiming to move towards a cashless India, the Centre and states could soon have powers to specify categories of employers who will have to pay wages either through cheques or by crediting the amount directly into the workers’ bank account. “Government is ready with the Payment of Wages (Amendment) Bill, 2016 which seeks to empower the Centre as well as states to specify industrial or other establishments where employers shall pay workers either by cheque or by crediting wages into their bank accounts,” a source said.

Representational image. ReutersRepresentational image. Reuters

Representational image. Reuters

“The proposal to amend the Payment of Wages Act 1936, is likely to be placed before Union Cabinet for approval in the next few days. Government intends to push the bill during the ongoing winter session of the Parliament after Cabinet nod,” the source added. At present, an employer is required to obtain a written authorisation from the employee to pay wages either through cheque or by crediting it into the employee’s bank account.

Explaining further, the source said that payment of wages through cheque or bank transfer will reduce the complaints regarding non-payment or less payment of minimum wages and also help in moving towards a cashless society.

The Act had come into force on 23 April, 1936, providing for payment of wage in coin or currency notes, or in both. The provision for payment of wages by cheque or crediting it into bank account after obtaining the requisite authorisation of employee was inserted in 1975.

At present, the Act covers all those employees in certain categories of establishments whose wage does not exceed Rs 18,000 per month. Presently, the Centre can make rules regarding payment of wages in relation to railways, air transport services, mines and oilfields and its establishments while states takes call regarding all other cases.

First Published On : Dec 4, 2016 11:32 IST

Heart of Asia summit LIVE: Narendra Modi tells Aziz terror must end for stability in Afghanistan

Dec 4, 2016

Highlights

  • 10:39(IST)

  • 10:29(IST)

Pakistan Premier’s foreign affairs advisor Sartaj Aziz along with foreign ministers of four countries on Sunday called on Prime Minister Narendra Modi who told them that it was important to end terrorism and violence for fostering stability in Afghanistan and the region.

The Foreign Ministers of Kyrgyzstan, Iran, Afghanistan, and Slovakia, which holds the European Union Presidency this month, along with Pakistan Prime Minister’s Foreign Affairs Advisor Aziz called on Modi ahead of the 6th Ministerial Conference of the Heart of Asia Istanbul Process on Afghanistan.

PM Narendra Modi with Nawaz Sharif. PTI file imagePM Narendra Modi with Nawaz Sharif. PTI file image

PM Narendra Modi with Nawaz Sharif. PTI file image

Modi welcomed the Foreign Ministers and stressed it was the collective responsibility of all those in the region to work together to help Afghanistan out of its current difficulties, External Affairs Ministry Spokesperson Vikas Swarup said.

The Prime Minister stated that his several interactions with both the common people of Afghanistan and the country’s leadership had convinced him that the Afghan people were tired of the continuing violence and terrorism. Prime Minister Modi stressed on “the need to end terrorism and violence for fostering stability, security and development in Afghanistan and our region,” Swarup said. In this context, the Prime Minister hoped that discussions in the Ministerial Conference tomorrow will produce good results.

Agreeing with the Premier on the need to end violence in Afghanistan, the Foreign Ministers shared Prime Minister Modi’s view that Afghanistan’s stability, security and prosperity are integral to the region’s, Swarup said. “They greatly appreciated the continued commitment and engagement of India and its leadership for these ends.

The Foreign Ministers warmly thanked India for hosting the Conference and expressed confidence that all friends of Afghanistan will work together for realising the aspirations for peace and development,” he said.

First Published On : Dec 4, 2016 09:30 IST

Even beggars in India have gone cashless post demonetisation, says PM Modi

Moradabad: Prime Minister Narendra Modi today referred to a WhatsApp video showing a beggar using a swipe machine to persuade people to shift to digital monetary transactions, insisting Indians do not take long to accept new things if they know the intention behind an action is right.

“I don’t know how far it is true but there is a video going viral on Whatsapp of a beggar being told by a man that though he wanted to help, he does not have change,” Modi told in BJP’s Parivartan rally.

“The beggar asks him not to worry and takes out a swipe machine and asks for his debit card,” the Prime Minister said as the crowd burst into peals of laughter.

Image courtesy Twitter/ BJP for UP

Image courtesy Twitter/ BJP for UP

He said Indians do not take long to accept new things if they are told the intentions are right.

Amidst chants of “Modi-Modi” by the audience, the Prime Minister referred to hundreds of villages which do not have power, even 70 years after Independence.

“People in villages also want to see TV, they also like to see ‘saas-bahu’ serial but as there is no electricity how can they see it,” Modi said, referring to the popular TV show.

The government has said money recovered from those hoarding it post demonetisation exercise would be used for people’s welfare like infrastructure development.

Replying to the opposition’s charge that farmers have been hit hard by demonetisation and sowing has been affected, he said, “I especially want to thank farmers who despite all problems have not allowed sowing to be affected, it has rather gone up from last time.”

“They (opposition parties) are misleading people, creating an atmosphere of pessimism,” he said.

Taking a dig at those who have been attacking him over the move, he said, “Some people have lost glow on their faces, earlier they used to chant money-money, now they are chanting Modi-Modi.”

First Published On : Dec 3, 2016 19:34 IST

Maoists shunning violence and joining mainstream society: Chhattisgarh education minister

Rameswaram: Chhattisgarh government’s efforts to make Maoists shun violence and join the mainstream of society are yielding positive results with several ultras laying down arms, Chhattisgarh School Education Minister Kedarnath Kashyap said on Saturday.

“Many Maoists are quitting Maoism to lead a normal life.” he said during a visit to the temple town.

Representational image. Reuters.

Representational image. Reuters.

The minister said the welfare schemes announced by the Raman Singh government have created a better environment for economic development of the tribal-dominated regions and also helped win the confidence of the people.

More and more children in these regions are now getting attracted to educational institutions as the government was taking steps to provide all kinds of facilities for them to pursue quality education, he said.

On the education front, Kashyap said development of any state depends on the quality of education being provided and to strengthen it, the administration was making concerted efforts.

“The state government is taking effective steps to provide quality education to the children, especially those belonging to the tribal community,” he said.

To ensure quality education to all, more schools were being set up every year by the government, he added.

First Published On : Dec 3, 2016 15:37 IST

If GST not rolled out by Sept, there won’t be taxation in country, warns Jaitley

New Delhi – Citing constitutional compulsion, Finance Minister Arun Jaitley today sought to drive home the point that the Goods and Services Tax has to roll out before September 16 next year as the existing indirect taxes will come to an end by then and it would not be possible to run the country without revenue collection.

He made a pitch for widening the tax base, saying efforts are on to make taxation process far simpler and make rates more reasonable.

Finance Minister Arun Jaitley. Reuters file photoFinance Minister Arun Jaitley. Reuters file photo

Finance Minister Arun Jaitley. Reuters file photo

For instance, he said, the GST Council is deliberating on ways to reduce the taxation process, including assessment by tax officials.

“Today, each person gets assessed thrice, in each of the three taxations (including VAT and central excise). Now, you will only be assessed once and what one authority assesses, others will have to accept that assessment,” he said.

Terming GST as a game changer, Jaitley said: “The Constitution does not permit delay in GST implementation. The government notified GST on 16 September and the constitutional amendment itself says the current indirect tax system can continue for one year, after which the GST has to come.”

So, if as on 16 September 2017, there is no GST, then there is no taxation in the country, he reasoned.

“So, you have a constitutional compulsion to have a Goods and Services Tax in place before September 16 (2017), otherwise the country doesn’t run, and the tax is absolutely essential. Therefore, our intention is it gets implemented from April 1, 2017, that was the original intention,” he said.

Jaitley made the point that states should not oppose every reform for the sake of opposition because that makes investors wary.

“The states must welcome the decision and I can only tell you, if some states are seen as opposing every reform, then investors in the country and the ones coming from outside, must decide which are the states they want to invest in,” he cautioned.

“So, if your state is seen on the wrong side of the reform, then investors are going to be very wary of those states.

First Published On : Dec 3, 2016 10:26 IST

Demonetisation: All 11 Reliance Infra toll plazas to go cashless from midnight

Mumbai: All 11 toll plazas of Reliance Infrastructure Ltd, across India, will go “cashless” from midnight Friday, accepting toll payments through cards and or mobile wallets, an official said here.

Representational image. Overdrive.inRepresentational image. Overdrive.in

Representational image. Overdrive.in

RInfra is the concessionaire in 11 road projects, totalling 1,000 km and all in high-density traffic corridors, across India and has enabled all its 225 toll lanes to accept payments through debit, credit cards and mobile wallet Paytm from Friday night when toll collection resumes.

It becomes the first NHAI concessionaire to introduce cashless toll payments at all its toll plazas.

Vehicle owners can breeze through without having to worry about availability of cash as all the 11 centres have points of sale machines enabled by Paytm and hand-held card swipe machines to enable cashless payments.

For this, 146 PoS machines, or roughly 10 at each toll plaza, and 285 card swipe machines or roughly 15 at each toll post, have been deployed.

Besides, RInfra has dedicated one lane at each toll plaza for the tag users, fast tag users or the ETC tag users. One lane in each direction is also enabled for ETC-mode with a process underway to increase this number at each plaza.

Over the next few weeks, RInfra will also enable online payments, other digital wallet payments like MobiKwik and deploy micro-ATMs at the toll plazas for the comfort of drivers and vehicle owners.

First Published On : Dec 2, 2016 15:58 IST

Note ban: Govt to stop accepting old Rs 500 notes at petrol pumps, airports

New Delhi: Amid reports of misuse, the central government has put an end to the use of old Rs 500 notes for buying fuel at petrol pumps and purchasing tickets at airports from Saturday, while exemption for payment of toll on highways will also end on Friday.

Representational image. Overdrive.inRepresentational image. Overdrive.in

Representational image. Overdrive.in

Earlier, these facilities and the toll exemption were to continue till December 15. All toll plazas on National Highways have been equipped with card swipe (PoS) machines through which people can make payments using their credit or debit cards, although people will be allowed to use old Rs 500 notes for paying toll above Rs 200 or for purchasing FASTags from the midnight of 2 December.

The government had last week extended the time period of use of invalid currency notes for making payment of public utility bills, buying petrol, mobile recharge, rail tickets and air tickets at airport till 15 December. However, it has decided to withdraw the facility for use of old Rs 500 notes at airports and petrol pumps from midnight of 2 December.

The ministry said that the process of production, dispatch and distribution of currency notes have been continuing and more cash is flowing into the system steadily and digital transactions have also made an impressive progress and are expected to significantly improve during the coming days.

“Now, therefore, as digital transaction options have been increasing across different sections of the economy, it has been observed that the outlets of the oil and gas marketing companies are better equipped to accept payments through digital means,” it said while removing petrol pumps from exempted list.

The ministry, however, clarified that supply of LPG continues to be in the exempted category for the purpose of payment through old Rs 500 bank notes. While junking old Rs 500 and Rs 1,000 notes on 8 November, the government had allowed their use for utility bill payments for 72 hours.

This deadline was extended twice. When the last one was to expire on 24 November, the government amended it to state that
only the old Rs 500 notes could be used for payment of utility bills like electricity and water, school fees, pre-paid mobile top-ups, fuel purchases and airline ticket bookings.

While old notes will continue to be accepted for other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses till 15 December, they will be discontinued for purchase of fuel and airline tickets at airport counters.

First Published On : Dec 1, 2016 20:46 IST

Demonetisation: If banks don’t have money, what’s the point?

Banks without money are redundant. In Delhi these past 48 hours have been a telling experience. We are an incredible people that despite the fiscal architecture being compelled to collapse like a condemned building, life goes on with very little change. The cab driver is stoic. The traffic is no less than it was in October, somehow, the social fabric is holding on.

A fellow passenger coming in from the US is carrying a few thousand one dollar bills. Says, it helps him avoid hassles and queues and everyone takes dollars as tips and payments and he will pay his hotel bill by card and he doesn’t need a single rupee in the capital of the country.

I tell him it is illegal to give people foreign exchange. He laughs at me. He has brought in below the legal limit and he will take back the rest. And no one rejects his bills.

Imagine if you will, thousands of NRIs swarming in to India with one dollar bills…we could be like Zimbabwe, kill the local currency and use dollars. I jest but the kernel of possibility is a thought.

Representational image. PTIRepresentational image. PTI

Representational image. PTI

I go to the bank and I am told the money for the day has not arrived. It finally does and is greeted with cheers like one of those UN Relief convoys. This is a decent branch where they are not rude — they just cannot give you Rs 24000 because they divvy up the Rs 10 lakhs allotted to them for the day into maximums of Rs 10,000. This is a fortunate bank. Many others have got zilch.

Ironically, the right hand man of a BJP politician tries to cash his cheque and then moans about the limit and the bank manager tells him it is his Sarkar and there is nothing she can do. Good for her.

The crisis thickens as people complain they cannot pay their staff and that new cheque books will take ten days to get delivered.

One man has lost his father and has to feed the ‘baradri’ for three days. He is seeking loans from neighbours. History is kicking in. The collective spirit of helping each other and giving and taking to put it simply is what is keeping this nation’s morale at least at half-mast. Everyone is giving him a little…that is our magic potion Getafix.

Yes, indeed, the patience is impressive. There is still this over-riding belief that something magical will happen and this sacrifice will not be in vain.There has to be a pot of gold at the end of the rainbow or moral rectitude. The rich have been unseated and poor will inherit the earth. This sentiment permeates the average man who firmly believes that the comeuppance of the wealthy is a wonderful thing.

Then why are the wealthy not unhappy. I know of people whose lifestyle stank of ill-gotten gains. Over seventy years of half open desk drawers and shady premium payoffs surely there have been several thousand colossal ‘victims’ of this cleaning up. None of them seem perturbed. Hasn’t anyone lost a fortune, aren’t there folks out there who had cupboards full of now pointless high denomination notes who should be in agony and writhing on the floor. Nto one of the few you would suspect had illegal hoards is batting an eyelid.

Either they are damn fine actors or they know something I don’t.

First Published On : Dec 1, 2016 13:33 IST

Tiruchi fire: 10 dead, 15 injured in blaze at explosives-making factory

Tiruchirappalli: Ten persons were feared killed and 15 injured in a fire at an explosive-making unit at Murugapatti, about 40 km from Tiruchirappali, on Thursday, police said.

Representational image. PTI

Representational image. PTI

The reason for the fire was not known immediately, police said, adding, three fire fighting units and 10 ambulances were pressed into service.

The fire was noticed in one of the manufacturing wings of the factory and it soon spread to other areas. The noise triggered panic among people in the surrounding area and waves of the blast were felt as far as two km away from the site, forcing officials to stop traffic on Athur road, police said.

As the area was receiving heavy rains, rescue operations could not be taken up in full swing, though the fire had been almost contained, police said.

There were 15 mini-units in the factory which was manufacturing explosives for deepening and widening wells in the rocky belts.

The licensed unit was working for more than 25 years, police said.

The smoke emanating from the unit was stinking and very toxic, police said.

There were seven sub-units making the chemicals.

While officials of the factory claimed that 25 to 30 people were working in the unit at the time of the fire, locals said around 50 persons were present there.

The entire factory had been cordoned off to enable the rescue operations.

First Published On : Dec 1, 2016 13:12 IST