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5 36 ! 7 ! 7 7 -./ - !0 6 = .8+>8= /.3/1/ .8,44+28 =&/,>94+6,&,8.& 3& */ 4$.81 2*86 2*42.&,19 69&,,49&":3&$9 9.*/9/649 *.3/%9* *&9/+& ,,89+>%?@ 88+, 3&*934. *>3&923:/>13 + , )-- )0 ;, & $1 % & 2!1 2345 * 0 6 Q !R 8,$ abroad. start-ups,” the foreign secretary Prime Minister Narendra said. The two leaders also had apanese Prime Minister Modi on Thursday held wide a brief discussion on the Shinzo Abe on Thursday ranging talks with his Japanese Mumbai-Ahmedabad High Jbacked his Indian counter- counterpart Shinzo Abe on Speed Rail Corridor and on a part Narendra Modi, who is the global economy, issues of convention centre being built in pressing the G20 members fugitive economic offenders Varanasi, Prime Minister Modi’s .&13& */ people were kept in the dark as that they should deal with the and disaster management and constituency. They agreed on far as ‘One Rank One Pension’ issue of fugitive economic announced that the Indian the delivery of both the projects hree days after the order to (OROP) is concerned and were offenders as part of the pow- President will participate in the on time. Tremove tax exemption on misled “but our Government erful grouping’s anti-corruption coronation ceremony of Prime Minister Modi said disability pension was issued brought it into force”. measures. Emperor Naruhito in October. he is looking forward to seeing leading to massive discontent- Officials, however, justi- Ahead of the G20 summit It was the first meeting between Abe again at the Eastern ment amongst the armed fied the order saying senior on Friday here, Modi held the two leaders since the start Economic forum in Vladivostok forces, Defence Minister officers were misusing the dis- wide ranging talks with Abe on of Japan’s Reiwa era and Modi’s in early September. Modi will be Rajnath Singh assured that he ability clause for claiming tax the global economy, issues of re-election after the general the chief guest the forum at the will look into the issue. exemption thereby denying fugitive economic offenders polls. invitation of Russian President The circular issued by the genuine claimants. and disaster management. The Prime Minister con- Vladimir Putin. Modi appreci- Central Board of Direct Taxes Sources also said, the new Briefing reporters on the gratulated Abe and Japan’s cit- ated the work Japan is doing in (CBDT) on Monday last said rule applied only to those per- Modi-Abe meeting, Foreign izens for the start of the Reiwa the infrastructure projects in the disability pension given to sonnel who served their full Secretary Vijay Gokhale said, era. The term for the new era North East India. Prime military personnel will be tax- tenure and retired with dis- “Prime Minister Abe initially is made up of the two charac- Minister Modi also sought able unless they have to leave ability and therefore not began with the expectations ters Rei and Wa. Rei means Japan’s assistance in building the service due to the disabili- exempted from income tax. from the G20 meeting, he “commands” or “order”, as well disaster resilient infrastructure. ty sustained in service. Associating itself with the spoke about the importance of as “auspicious” or “good”. Wa Modi said Japan’s support in this Taken aback by the direc- services personnel agitated over focusing on the global econo- means “harmony”, and is also area is crucial because of its tive, services personnel, serving the matter, Congress leader my, he referred specifically to used in the Japanese word for experience in disaster manage- and retired, contended that Adhir Ranjan Chowdhury Prime Minister’s initiative at “peace”. Prime Minister Modi % / %& 0 " " ) " "" ment, rehabilitation and recon- disability mostly takes place raised the issue in the Lok earlier G20 meetings on the said that he was looking for- 2*,3)$ & 0 " & struction. Japan accounts for while fighting for the country Sabha on Thursday. issue of fugitive economic ward to the visit of Abe to India about 20 per cent of the world’s and there was never any taxes As soon as he drew the offenders and he said that the later this year for the Annual earthquakes of magnitude 6 or on disability pension in the attention of the House on the G20 should deal with this Summit. Later, briefing media, spoke about the importance of need to find appropriate mea- Gokhale said. Prime Minister greater and is exposed to past. matter during the zero hour, problem as part of the anti-cor- Foreign Secretary Vijay focussing on global economy,” sures to check the global trade Abe also referred to his forth- uncountable natural disasters Replying to Congress Congress members rushed to ruption measures.” Gokhale said it was a “warm” Gokhale said. Abe referred to issues and data flows and coming visit to India for the like typhoons and active volca- leader Adhir Ranjan the well and raised slogans like The Modi government meeting the two prime minis- the Prime Minister Modi’s ini- underlined that the G20 should Annual Bilateral Summit. noes. The country has a long Chowdhury, the Defence “sena ko nayay do” (Give jus- has initiated steps to extradite ters who are “old friends” and tiatives on the earlier G20 also come up with a construc- “Abe emphasised the history of awareness of the Minister said, “I will look into tice to Army) and “sena ke economic offenders from they had a “very constructive meetings on the issue of fugi- tive message on the issue of cli- importance of preparing for importance of disaster risk the issue. The Ministry is naam pe vote mangana band countries like the UK. Efforts and detailed discussion” on tive economic offenders and he mate change. “These are the this summit properly including reduction. Gokhale said India is gathering information and will karo’ (stop asking votes in the are on to bring back liquor bilateral relationship. said the G20 should deal with areas where Abe hoped that he through ministerial meetings, seeking collaboration among get back with details to the name of Army). Disability pen- baron Vijay Mallya and dia- “Abe initially began dis- this problem as part of its anti- would get the understanding through various exchanges in countries having capacity to House”. sion is of two types, war and mond merchant Nirav Modi as cussion with his expectation corruption measures. and support of the G20 mem- infrastructure, defence, outer handle disasters. The Defence Minister also normal. well as Mehul Choksi from from the G20 Summit. They Abe also underlined the bers, including that of India,” space, digital economy and Continued on Page 7 said that in the last 40 years Continued on Page 7 R# % / % A49/*7.&13& */ The official SNB figures also do not include the money that Indians, NRIs or * +4+2/ 8.38. oney parked by Indian individuals others might have in Swiss banks in the ! Mand enterprises in Swiss banks, names of entities from different countries. n a big boost to the BJP-led ugitive diamond mer- including through India-based branch- The SNB data had shown the total IMaharashtra Government, Fchant Nirav Modi, want- es, fell by nearly 6 per cent in 2018 to 955 liabilities of Swiss banks towards Indian the Bombay High Court on ed in India in connection million Swiss francs (about 6,757 crore) clients rising by over 50 per cent in 2017 Thursday upheld its decision " with the nearly USD 2 billion to hit its second-lowest level in over two to CHF 1.01 billion ( 7,000 crore), to accord reservations to the Punjab National Bank (PNB) decades, Swiss National Bank data reversing a three-year downward trend. Maratha community but fraud and money laundering showed Thursday. However, the quantum of such funds directed the Devendra case, was on Thursday fur- Aggregate funds of all foreign clients has fallen again in 2018 to CHF 954.71 Fadnavis dispensation to bring $ % ther remanded to judicial of Swiss banks also fell by over 4 per cent million, which includes about CHF 15 down the quantum of the ! custody until July 25. Judge to CHF 1.4 trillion (nearly 99 lakh million held through fiduciaries or approved reservation from 16 Jonathan Radway presided over the short crore) in 2018, as per the annual bank- wealth managers. This is the second-low- per cent to 12 per cent in edu- !"# $ remand hearing at Westminster Magistrates’ ing statistics released by the Zurich-based est total since CHF 723 million record- cational institutions and 13 % & Court via videolink from Wandsworth prison central banking authority of Switzerland. ed over two decades ago in 1995. The per cent in Government jobs. & and re-confirmed July 29 as the date for the However, the ‘locational banking lowest ever amount of CHF 675 million, After upholding the “leg- next case management hearing in the 48-year- statistics’ of the Bank for International ever since Switzerland began making the islative competence” of the old diamond merchant’s extradition pro- Settlement (BIS), which the Indian and data public in 1987, was recorded in 2016. State Government to create a exceptional circumstances and eficiaries falling under the O () ceedings sought in the PNB fraud case. Swiss governments had said last year was As per the latest figures, the total cus- separate category of the Socially extra-ordinary situations justi- SEBC category. It suggested a The legal team for Modi, led by barris- a more reliable measure for deposits by tomer deposits of Indian clients rose to and Educationally Backward fying crossing of the limit of 50 way forward in the form of ! ter Jessica Jones, brought to the judge’s Indian individuals in Swiss banks, showed CHF 572 million in 2018, but funds held Classes (SEBC) and grant reser- per cent reservation as set out reduction in reservations to attention an issue related to the nearly 5,000- a greater fall of 11 per cent for 2018.

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