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, $ %!2#2%# 3 0% /1 -'# '. / :: 1 /9 ) ,8 )/ 9 0 1//, ) +. , / )0 )/ . ) + +) ) / :; ./1)/ 1/ 2 1 34 546 2 ! $ !"#$$%&'( ! "# $%& '( )* ! "$% !& !" # #! $ ! " " " should be addressed with loan problem mainly surfaced urgency,” said Rajan in his due to slowdown in the #%&' &% ( Tuesday morning and touching while in Mumbai it inched up ormer Reserve Bank of India report. Government’s decision making ! of 72.25 versus the dollar, the to 88.26. A litre of diesel in the (RBI) Governor Raghuram Unfortunately, he said, the and economic growth seeing a Rupee plummeted 24 paise to national Capital was priced at F !# Rajan has blamed ‘suspect’ allo- system had been “singularly dip along with over-optimistic $ %! % *+ end at a new record low of 72.97 and 77.47 in Mumbai. cation of coal mines and slow- ineffective” in bringing even a bankers, he said. $ 72.74. However, the Reserve Delhi has the cheapest fuel down in decision making by the single high-profile fraudster “A variety of governance $ ! ! $'( +" Bank of India (RBI) interven- among all metros and most Congress-led UPA as also the to book. “As a result, fraud is problems such as the suspect ! !# ! tion led to some recovery. State capitals because of lower lack of urgency shown by the not discouraged,” Rajan said. allocation of coal mines cou- ! !# ** Petrol and diesel prices hit taxes. Mumbai has the highest incumbent NDA dispensation It is not clear as to which pled with the fear of investiga- fresh highs on Tuesday. A 14 sales tax or VAT. ) $ $ accountable for the rising Non- regime Rajan addressed his tion slowed down Government + paisa per litre hike in petrol and Petrol in Chennai costs Performing Assets (NPA) of the list of high-profile cases of decision making in Delhi, both ! ! diesel prices each took the 84.07 per litre and 83.75 in ' # +% banks. frauds. in the UPA and the subsequent $ , he Indian Rupee continued rates to an all-time high. While Kolkata. Diesel is priced at In his report to a The bad NDA Governments,” Rajan ' to make a fresh low on daily some States have marginally 77.15 per litre in Chennai and !$-! T Parliamentary panel, Rajan said in his note submitted to +# basis against the backdrop of reduced VAT to provide sym- 75.82 in Kolkata. also disclosed he sent a list of the Parliament’s Committee rising fuel prices, capital out- bolic relief to consumers, but it While the Government has high-profile fraud cases to the on Estimates headed by BJP $'# flow and global trade war ten- is too little to make any differ- ruled out any excise duty cut to Prime Minister’s Office but leader Murli Manohar sion leading to mayhem in the ence in view of the massive rise contain the rise of fuel prices, was “not aware of any progress” Joshi. till September 2016. had left office in 2014, total stock market and posing seri- over the last few days in fuel it may be forced to come out on it. Rajan is currently The comments of the for- (NPA)s were 2.83 lakh crore ous concern for the funda- prices. with NRI bond, as was done in “The RBI set up a fraud the Katherine Dusak mer RBI Governor, who exit- and this has jumped to 12 lakh mental of the economy. After Petrol price in Delhi 2013, to deal with the monitoring cell when I Miller Distinguished ed after completing his tenure crore under the NDA rule. opening in positive territory on climbed to 80.87 per litre, falling Rupee. was the Governor to coor- Service Professor of (not given a second term) dur- dinate the early reporting Finance at Chicago Booth ing the Modi Government, of fraud cases to the School of Business. triggered a war of words probe agencies. I also He served in the between the BJP and the sent a list of high- capacity of the Congress. profile cases to the RBI Governor The Congress hit back on PMO urging that we for three years the bad loans issue saying that coordinate action to the Narendra Modi bring in at least one or Government is accountable for two to book. I am not the NPA mess. Party aware of progress on this spokesperson Randeep front. This is a matter that Surjewala said when the UPA P R the area to benefit political rivals Congress and BJP. R Das and Muduli also referred to a function organised R by Rout at Erasama on September 8 in which only Congress and BJP leaders were invited. They said that the While some workers sub- Congress and BJP leaders crit- mitted written complaints, oth- icised the BJD Government at day after some BJD leaders ers apprised Patnaik about the meeting in the presence Afrom Jagatsinghpur district their grievances orally, said of Rout. demanded disciplinary action party Balikuda-Erasama MLA On the other hand, Rout against the party’s Paradip MLA Prashant Kumar Muduli, who hit back at the duo saying that Damodar Rout, hundreds of led the workers. Das is an antisocial and Muduli party workers belonging to the More significantly from is mentally unstable. “I was Balikuda-Erasama Assembly political point of view, dis- charges against the State admin- removed from the post of constituency in the district on graced BJD leader Baijayant istration. Panda’s sympathy for party’s vice-president and also Tuesday met party supremo Panda on the day came out in Rout, according to political from the Ministry. What more Naveen Patnaik at his resi- support of Rout. He stated that observers, is likely to expedite action can be taken against dence here and demanded that the way he (Panda) was ousted Naveen Patnaik’s decision to me,” he questioned. Rout be expelled from the party from the party by “stage-man- remove Rout from the party. Rout, obviously accepting for his anti-party activities. aging” grievance meetings of Notably on Monday, the inevitable that he is going “A number of people had party workers from his Jagatsinghpur district BJD pres- to be expelled from the party, come with complaints about Dr Kendrapada Parliamentary ident Bishnu Das and MLA remarked that he is “not in a Damodar Rout. I will look constituency, the same tactics is Muduli had submitted separate party which is run on the into their complaints,” said now applied in the case of a written complaints to Patnaik advice of three young MLAs, Patnaik after meeting the party senior leader like Rout, who has alleging that Rout is working Debasish Samantaray, Pranab workers. been harping on corruption towards weakening the party in Prakash Das and Arun Sahoo”. P P Teachers’ and Employees’ consecutive day. United Forum’s agitation At the outset, BJP members reached its 27th day. The forum rushed to the Well of the House had held a huge demonstration and protested against the delay and rally on August 16 begin- in acquisition of land for the ning its agitation, demanding NTPC project and the State lifting of Block Grant, implan- Government’s alleged nonco- tation of grant-in-aid (GIA), he State Assembly on operation in expediting various service conditions and pension. TTuesday witnessed strong National Highway and railway Thousands of teachers and protests from Opposition projects. The members too ven as School and Mass employees on September 5 had members and frequent criticised the Chief Minister for EEducation Minister Badri held the Teachers’ Day as black adjournments over the the scheduled investors’ meet at Narayan Patra sought to end day by wearing black badge on Government ‘inaction’ in ful- New Delhi saying, the deadlock in the Block Grant the Mahatma Gandhi Marg filling teachers’ various “The investors’ meet is not schools and colleges through under incessant rains and on demands and the State admin- for the interest of Odisha but talks, indicating a softening of September 6 and 7 had gheraoed istration’s ‘failure’ in providing for the publicity of the stand by the Government, the the MLAs and Ministers. land for the Rs 9,700-crore ruling party at the cost of peo- latter in no uncertain terms said Meanwhile, former BJD NTPC project at Talcher and ple’s money.” that there was no need of talk leader Baijayant Panda visited expediting other Central Amid sloganeering, anymore and what they expect- the agitating teachers in the city projects. Speaker Pradeep Kumar Amat ed was a clear-cut decision on and expressed his support for Resultantly, the House adjourned the House at 10.31 their demands. On Tuesday, the their demands. could not conduct the am till 11.30 am. All Odisha School and College Continued on Page 4 Question Hour for the sixth Continued on Page 4 ( )* +,- ,.+/ 4"555 * ,$ # #6 organisations and media rep- DMF implementation because State Rules and the Pradhan poorly planned. With more Investments in other sec- are not even “directly-affected” and nearly 45 per cent children ! resentatives. it brings in various depart- Mantri Khanij Khestra Kalyan than 5,000 crore in DMF tors like healthcare and educa- by mining. In contrast, the dis- below 5 years are stunted or “The DMF is a defining ments that are looking into var- Yojana (PMKKKY) guidelines, Trusts, there is a huge scope for tion are also construction dri- trict’s worst affected Koida block underweight,” said Srestha. " opportunity to overturn the ious issues that DMF is look- all of which emphasise on the mining districts of Odisha ven, ignoring the need for which suffers from severe water Similarly, in Sundargarh where decades of injustice meted out ing into. Gram Sabha engagement, par- to address some of the pressing human resources to service pollution has got only 7.5 about 50 per cent rural children to the millions of people living Balakrishnan also high- ticularly in Scheduled Areas for issues.