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3`Ey FA2 ?52 ]VU E` ?A2d+ CR[R - VRGR '%&((!1#VCEB R BP A"'!#$#1!$"#0$"T utqBVQWBuxy( *1",*( -234 &! !& 3 0&1 .2 ' '%./ 6+844*8+4E> 9"5+"-E>9%%7EE-484 6D4-86E867E D48"6%44+48% 6+586+"488E86"G+" DE6E+%E98"4" F% '/ 0@ **0 0=C F " 4 ! 5 6 -5 7-28 -3 ! "# $%& '( )* ! "$% !& ) ( ! !! +454%/6 reporting of fraud cases to the This is a matter that should be “A variety of governance Congress. probe agencies. I also sent a list addressed with urgency,” said problems such as the suspect The Congress hit back on * + ormer Reserve Bank of of high-profile cases to the Rajan in his report. allocation of coal mines cou- the bad loans issue saying that FIndia (RBI) Governor PMO urging that we coordi- Unfortunately, he said, the pled with the fear of investiga- the Narendra Modi Raghuram Rajan has blamed nate action to bring in at least system had been “singularly tion slowed down Government Government is accountable for ##$ <0 0= ‘suspect’ allocation of coal one or two to book. I am not ineffective” in bringing even a decision making in Delhi, both the NPA mess. Party spokesper- 8 03 mines and slowdown in deci- aware of single high-profile fraudster in the UPA and the subsequent son Randeep Surjewala said #$ sion making by the Congress- progress on to book. “As a result, fraud is NDA Governments,” Rajan when the UPA had left office in <0 <3 led UPA as also the lack of this front. not discouraged,” Rajan said. said in his note submitted to 2014, total (NPA)s were 2.83 urgency shown by the incum- It is not clear as to which the Parliament’s Committee lakh crore and this has jumped 8 bent NDA dispensation regime Rajan addressed on Estimates headed by BJP to 12 lakh crore under the +454%/6 ! > accountable for the rising Non- his list of high-profile leader Murli Manohar Joshi. NDA rule. 9" !# ! Performing Assets (NPA) of the cases of frauds. Rajan is currently the Continued on Page 4 he Indian Rupee continued # > 8 banks. The bad loan prob- Katherine Dusak Miller Tto make a fresh low on daily 23 # # In his report to a lem mainly surfaced due Distinguished Service Professor basis against the backdrop of $ Parliamentary panel, to slowdown in the of Finance at Chicago Booth & ' & rising fuel prices, capital out- - ! @1 @< ! Rajan also disclosed he Government’s decision School of Business. He served flow and global trade war ten- @@ 0A sent a list of high-pro- making and econom- in the capacity of the RBI ( sion leading to mayhem in the file fraud cases to the ic growth seeing Governor for three years till stock market and posing seri- <0 B< << 3< ! Prime Minister’s a dip along with September 2016. ous concern for the funda- Office but was “not over-optimistic The comments of the for- mental of the economy. After 8 aware of any bankers, he mer RBI Governor, who exit- ! opening in positive territory on # # progress” on it. said. ed after completing his tenure Tuesday morning and touching ! # =1B “The RBI set up a (not given a second term) dur- of 72.25 versus the dollar, the $ fraud monitoring cell ing the Modi Government, Rupee plummeted 24 paise to C<32C 2C when I was the Governor triggered a war of words # end at a new record low of > to coordinate the early between the BJP and the ! 9- 72.74. However, the Reserve # ! : + Bank of India (RBI) interven- 8 tion led to some recovery. 6 Petrol and diesel prices hit among all metros and most ing of the US dollar on the back O P 8 fresh highs on Tuesday. A 14 State capitals because of lower of a strong jobs report and $ paisa per litre hike in petrol and taxes. Mumbai has the highest expectations of a rate hike from diesel prices each took the rates sales tax or VAT. Petrol in the Federal Reserve this month. 9 to an all-time high. While some Chennai costs 84.07 per litre The Rupee has also come '( ) * States have marginally reduced and 83.75 in Kolkata. Diesel under pressure from huge port- ! ; ; VAT to provide symbolic relief is priced at 77.15 per litre in folio liquidation pressure from ! Kottayam/Kochi/Kannur: A ( this year, after Choksi fled, PM !# to consumers, but it is too lit- Chennai and 75.82 in Kolkata. foreign investors. nun who has accused a Roman Modi met the Antiguan tle to make any difference in While the Government has The political uncertainty Catholic Bishop of raping her " President in the UK but he did- view of the massive rise over the ruled out any excise duty cut to about 2019 general elections has petitioned the Vatican rep- n’t utter a word to send back last few days in fuel prices. contain the rise of fuel prices, have also been acting as a resentative in India alleging Choksi. ! ! Petrol price in Delhi it may be forced to come out dampener on forex market that the clergyman was using " This is not my words, it has climbed to 80.87 per litre, with NRI bond, as was done in sentiments. Foreign investors “political and money power” to been said by the Antiguan ; while in Mumbai it inched up 2013, to deal with the withdrew close to 2,300 crore bury the case even as the # President in an interview on # to 88.26. A litre of diesel in the falling Rupee. from the capital markets since Kerala Government on July 27. The Indian national Capital was priced at The Rupee is facing twin Monday. Tuesday assured “justice +454%/6 Government never approached 72.97 and 77.47 in Mumbai. problems. First the rise in fuel Continued on Page 4 will be done”. them on this issue.” ! # 8 Delhi has the cheapest fuel prices, second, the strengthen- Related reports on P11 Making a fervent plea for fter the fugitive diaman- party shared a number of com- The Congress also shared urgent intervention, the nun in Ataire Mehul Choksi plaints made by different peo- some documents on Twitter to a scathing letter to Giambattista released a video message deny- ple at various intervals during claim how PMO, MEA, CBI, Diquattro, Vatican’s Apostolic ing all charges of defrauding the last three years against the SEBI etc., gave a clean chit to Nuncio (a diplomatic mission, the PNB, the Congress on duo to the PMO and several the fraudsters and facilitated also sought to explain her Tuesday released documents to other agencies, including their escape from the country. silence before coming out allege complicity of Prime Securities and Exchange Board The fresh attack on the against the bishop and said she Minister’s Office (PMO) and of India (SEBI). Government from the had “tremendous fear and the Finance Ministry in the Furnishing proof of Modi Congress came hours after shame” and wondered why the escape of Nirav Modi and Government’s alleged involve- fugitive Mehul Choksi released church was “closing its eyes Choksi from the country. ment in their escape, Congress a video message denying alle- towards the truth”. Accusing the Modi spokesperson Randeep Singh gations of wrongdoings by him. Detailed report on P6 Government of inaction, the Surjewala said, ‘’On April 20 Continued on Page 4 . /748* on Tuesday morning. The bus poorer sections. belonged to the Telangana There were 32 women and n a horrifying accident, at Road Transport Corporation. at least four children among the Ileast 55 people were killed There were 88 people in dead. Twenty-three deceased ! ! and 33 others were injured the bus at the time of the acci- women were in the age group ! "# when an overcrowded bus dent against the capacity of 40. of 50 to 75. ! ! overturned and fell into a gorge Most of the passengers State Transport Minister P in Jagtiyal district of Telangana, were from the surrounding Mahender Reddy has immedi- $ $ 190 kms north of Hyderabad, villages and belonged to the ately suspended the Jagtiyal Depot Manager Hanumanta Rao. “The bus was carrying more passengers than allowed !"#" %# $ $ ! and the brake failure appears to &% ' # be cause of the accident”, the Minister said explaining why ( ) the action was taken against the $ official. Revenue Divisional Officer % P Narendar said the accident occurred when the bus was '!('!) *"+","( * coming down from a hilltop + temple at Kondagattu and the -# O - driver lost control while nego- +" tiating a sharp turn and cross- % ! ing a speed breaker. “A probe has been ordered into the cause of the accident”, % O/ " he said. ( 0123 # $ Continued on Page 4 ! ! - ! !"#!R "# $ % %&' . /748* . /748* he Congress, the Telugu yderabad city police TDesam Party (TDP) and Hcracked the case of theft of the CPI on Tuesday reached an priceless antique from Nizam’s agreement to form a broad- Museum with the arrest of based alliance to defeat the rul- two burglars and recovered ing TRS in the year-end the stolen gold tiffin box and Assembly polls. tea cup along with spoon from The contours of a “Grand them. Alliance” in Telangana emerged Hyderabad city Police with the top State leaders of the Commissioner Anjani Kumar three parties holding a crucial said the two burglars meet in Hyderabad on Tuesday. Mohammed Ghouse Pasha, The development could alias Khooni Ghouse and find echo in Andhra Pradesh as Mohammed Mubeen were well, where the three parties arrested in a joint operation by could come together to contest the South Zone Police and the next Lok Sabha polls. Commissioner’s task force. Continued on Page 4 Continued on Page 4 ! !" ( )* +,- ,.+/ ! ! # %#$ + minor collision with a Maruti +454%/6 9898 Brezza car driven by a senior citizen.
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