Mamata-Led Protests Pay... FRDI Bill Shelved For
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millenniumpost.in RNI NO.: WBENG/2015/65962 PUBLISHED FROM DELHI & KOLKATA VOL. 3, ISSUE 344 | Thursday, 21 December 2017 | Kolkata | Pages 16 | Rs 3.00 NO HALF TRUTHS qNIFTY 10,444.20 (-19.00) qSENSEX 33,777.38 (-59.36) pDOW JONES 24,757.24 (+2.49) qNASDAQ 6,954.73 (-9.12) qRUPEE/DOLLAR 64.11 (-0.07) qRUPEE/EURO 76.11 (-0.41) qGOLD/10GM 29,690 (-10.00) qSILVER/K 38,175 (-75.00) CM HOLDS MEET ‘POST 1980S REFORMS, CABINET APPROVES ‘BEST COMPLIMENT TO ENSURE INEQUALITY RISES IN NEW CONSUMER TO BE CALLED A SMOOTH SAILING INDIA, NOT SO PROTECTION BILL COMMERCIAL FOR BGBS PG3 IN CHINA’ PG5 PG13 HEROINE’ PG16 Quick News44 HOUSE PANEL SAYS IT NEEDS MORE TIME TO STUDY BILL BEFORE GIVING REPORT Youth leaders want Govt set to provide relief Mamata to be centre to disqualified directors Mamata-led protests pay... NEW DELHI: The govern- of 2019 anti-BJP front ment will provide a 3- month window to defaulting compa- OUR CORRESPONDENT nies to submit their annual FRDI Bill shelved for now filings starting January 1, a move that will come as a relief GAUTAM LAHIRI NEW DELHI: Young lead- for hundreds of disqualified ers from across the country directors. The ‘Condonation of Delay Scheme’ NEW DELHI: The controversial Financial Reso- are reaching out to Trin- would be in force from January 1 to March 31, lution and Deposit Insurance (FRDI) Bill, 2017, amool Congress (TMC) 2018, according to government officials. The has now been put on hold, with the Chairman of chief Mamata Banerjee for scheme would be notified in a couple of days, the Select Committee, BJP MP Bhupendra Jadav, her guidance to take on the one of the officials said. seeking more time from Rajya Sabha Chairman BJP in the 2019 Lok Sabha As part of clamping down on illicit fund Venkiah Naidu to present the report . It is also polls, said senior Trin- flows, the corporate affairs ministry has disquali- not clear whether the Select Committee report amool Congress leader, fied more than 3.09 lakh directors of companies will see the light of day in even the next Budget Rajya Sabha member and ing the next Government at which failed to submit annual filings for a long session as most members of the panel want to close Mamata aide Derek the centre.” time. Following the move, concerns were raised study the Bill in depth which will take time over O’Brien on Wednesday. A “I am not surprised that that many directors of genuine companies have the next few months. day after Banerjee report- young leaders from across also been disqualified. Besides, some individuals Opposition MPs feel that the Bill has gone to edly had a telephonic con- the country are reaching moved courts against their disqualification. P12 cold storage as it created mass hysteria among versations with Patidar out to her (Banerjee) for bank customers. Many MPs from even the rul- quota agitation spearhead her guidance and to learn ing BJP have opined to their party leadership that in Gujarat Hardik Patel and from her experiences. She Pvt cos allowed to make this type of legislation may create unnecessary Dalit leader Jignesh Mev- has the finest credentials fear among bank customers ahead of the 2019 ani, O’Brien said that the to take on the BJP in 2019,” Lok Sabha polls. young leaders were cer- he said. ammo for Indian Army The FDRI Bill aims to set up a Resolution Cor- tain to gain from the TMC According to O’Brien, poration which will monitor financial companies, chief, who had the “finest the TMC chief is sure that NEW DELHI: The defence ministry on Wednes- categorise them as per their risk profiles and step credentials” to take on the the saffron party could be day announced that it has allowed private sector in to prevent them from going bankrupt by writ- TMC MPs demand the withdrawal of the Financial Resolution and Deposit Insurance (FRDI) Bill during the BJP in 2019. defeated in the 2019 Lok to manufacture eight selected ammunition for ing down their liabilities. Lok Sabha Speaker Sum- Winter session of Parliament PTI “In the recently held Sabha polls if all the anti- the Indian Army in a major reform initiative. itra Mahajan informed the House that the Joint Assembly elections in West BJP forces came together. The ministry said the aim of the decision is Parliamentary Committee on the FRDI Bill has The joint panel’s motion seeking an exten- commit a virtual dacoity on the bank accounts Bengal, the TMC came “Her experience, track to facilitate development of indigenous capac- been granted an extension “up to the last day of sion could not be moved on December 15 “as of common people through a legislation called back to power with a three- record, role in people’s ity, reduce import dependence and develop a the Budget Session, 2018”. the House was adjourned after making obituary Financial Resolution and Deposit Insurance Bill fourths majority. She has movements over the last robust supply of ammunition within the country. These developments come at a time when references. Hence, I have on behalf of the House (FRDI) Bill 2017,” Naik said. shown leadership qualities. four decades, experience “With the long-term objective of building concerns have also been raised in several quar- granted extension of time,” said Mahajan during He was speaking to reporters at Panaji to regis- She was the first to raise as Union cabinet minister capacity within the industry as a robust alter- ters about certain provisions of the Bill which Zero Hour. ter his protest against the bill. “If the bill becomes protests against demon- and the resounding man- native source of ammunition, the government was introduced in the Lok Sabha in August this Meanwhile, Goa Congress chief Shantaram a law, the government can take a stand dishon- etisation, GST, the FRDI date of last year (in the West has approved manufacturing of eight selected year. The Joint Parliamentary Committee on the Naik on Wednesday termed the Financial Reso- ouring your cheques even if you have funds in Bill. We are confident that Bengal Assembly polls) ammunition for Indian Army by Indian Indus- FRDI Bill, 2017, decided to seek an extension as lution and Deposit Insurance (FRDI) Bill, 2017, your account and deny you your right to with- after the Lok Sabha polls make her the most credi- try,” the defence ministry said. The Army has its report would not be ready for presentation by as a “virtual dacoity” on the bank accounts of the draw money from your hard earned savings,” in 2019, West Bengal will ble face to take on the BJP,” been reeling under severe shortage of ammu- December 15. common man. “The BJP government is going to explained Naik. play a leading role in form- observed O’Brien. nition and it has been pressing the government to address the issue in view of the security chal- CRIME WAS COMMITTED 17 YEARS AGO lenges the country is facing. At present, various ordnance factories sup- 350 infra projects... Jadhav’s wife and ply ammunition to the armed forces. P7 `2.65 l cr extra costs mother get Pak India’s Most Wanted host Suhaib India developing visa to visit him Illyasi gets life term for wife’s murder bulk drugs to reduce ISLAMABAD: ZAFAR ABBAS counsel sought leniency for import dependence Pakistan on him, saying that he had never DCGI G N SINGH Wednesday issued NEW DELHI: Suhaib Illyasi violated bail conditions and visas to Kulb- of TV crime show India’s Most faced the trial for 17 years. hushan Jadhav’s Wanted fame was sentenced to The counsel also said that wife and mother life imprisonment by a Delhi he is successfully running mag- In today’s to visit Islamabad court on Wednesday. He has azines covering bureaucrats to meet the Indian been held guilty of murdering and has no criminal anteced- paper prisoner on death his wife Anju Illyasi in the year ents. Ilyasi, also the editor-in- OUR CORRESPONDENT depend on a variety of techni- row, the Pakistan Foreign Office said. 2000. chief of Bureaucracy Today ... cal, financial and administrative Jadhav, 47, was sentenced to death by Additional Sessions Judge S magazine, faced the trial for 17 CITY NEW DELHI: As many as 350 factors. a Pakistani military court on charges K Malhotra also slapped a fine years for the death of his wife. infrastructure projects, each He added that as reported of espionage and terrorism in April, of Rs 2 lakh on the convict and to claim innocence, denied the Anju Ilyasi’s mother Rukma MUKUL GETS ANTICIPATORY BAIL 3 worth Rs 150 crore or above, by the project implementing following which India moved the directed him to pay Rs 10 lakh charges and termed the pro- Singh welcomed the judgement NATION have shown cost overrun of Rs agencies, the main reasons for ICJ in May. to Anju Ilyasi’s family. nouncement of life sentence and expressed satisfaction over 2.65 lakh crore due to various the delays pertain to land acqui- The ICJ halted his execution on Ilyasi, however, continued as “injustice”. Ilyasi’s defence the court’s order. UPCOCA BILL IN UP ASSEMBLY 6 reasons including delays, Parlia- sition, environment and forest India’s appeal pending the final ver- ment was informed on Wednes- clearances, funding constraints, dict by it. “Pakistan High Commis- SANTA’S COMING TO TOWN EDIT day. “As on October 1, 2017, a rehabilitation and resettlement sion in New Delhi issued the visas COMMUNICATION IS THE KEY 8 total of 1,263 projects were on issues, local body/ municipal to the mother and wife of Com- the monitor of this Ministry,” permissions, utility shifting and mander Jadhav to visit Islamabad INTERNATIONAL Statistics and Programme Imple- contractual issues.