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Govt Should Cut Stake in Public Banks: Abhijit

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Govt Should Cut Stake in Public Banks: Abhijit c m y k c m y k THE LARGEST CIRCULATED ENGLISH DAILY IN SOUTH INDIA CHENNAI I WEDNESDAY 23 I OCTOBER 2019 WEATHER Max: 31OC Min: 25OC WORLD TABLOID Rainfall: 3 mm Trudeau poised to form ‘Shaadi soon, but ASTROGUIDE minority govt invite fake’ Vikari: Aippasi 6 7 17 Tithi: Dashami www.facebook.com/deccannews, www.twitter.com/deccanchronicle, www.deccanchronicle.com Vol. 15 No. 207 Established 1938 | 32 PAGES | ` 3.00 Star:Aayilyam/ Magam Rahukalam: 12 noon to 1.30 pm INX MEDIA CASE Yamagandam: Indo-Pak pact on 7.30 am to 9 am PRAYERS Kartarpur likely to Fajar: 4.49 am SC grants bail to Chidambaram Zohar: 11.58 am be inked tomorrow Asar: 3.14 pm New Delhi, Oct. 22: India Maghrib: 5.46 pm and Pakistan have deferred but ED custody to continue by a day the signing of an Isha: 6.58 pm agreement to opera- SUNSET TODAY 5.47 PM tionalise the Kartarpur cor- New Delhi, Oct. 22: have any bearing in any SUNRISE TOMORROW 6.01 AM ridor due to logistical issu- Former finance minister other proceedings. MOONRISE TODAY 1.04 AM es, and the deal is now P. Chidambaram, who The statement made by the CBI that Chida- MOONSET TOMORROW 2.07 PM expected to be sealed Thur- spent 2 months in custody sday, official sources said. of enforcement agencies mbaram has influenced The ministry of external and jail, was on Tuesday witnesses and there was a affairs on Monday said granted bail in the INX likelihood of his further India would be ready to media corruption case influencing them cannot sign the agreement on the filed by the CBI but he be the ground to deny bail corridor on Wednesday. can't walk free as he is to him when there was They said a joint secretary- currently under the ED’s “no such whisper” in six level officer in the Union custody in a related and judicial remand. remand applications filed home ministry will meet money laundering matter. Setting aside the Delhi by the agency before the Prime Minister Narendra Modi and Indian-American Nobel laureate Abhijit Pakistan officials at zero Chidambaram, 74, was High Court’s September trial court, it said. Banerjee, who won the Nobel Prize for Economics this year, during a meeting at point near the site of arrested by Central 30 verdict denying bail to Rejecting the CBI con- the Prime Minister’s residence, in New Delhi, on Tuesday. – PIB/PTI Kartarpur corridor on Bureau of Investigation Chidambaram, the apex tentions that Chid- Thursday and sign the MoU (CBI) officials from his Jor court said he is neither a ambaram tried to influ- on India’s behalf. Bagh home here in a late “flight risk” nor there is a ence two material wit- Initially, the two sides night drama on August 21. possibility of “his abscon- nesses in the case, a bench Govt should cut stake agreed that the pact will be A city court on October 18 dence from the trial”. headed by Justice R Banu- signed on Wednesday. The remanded the Congress Chidambaram had moved mathi said no details are corridor will connect the veteran to the Enforce- the apex court challenging available as to “when, Dera Baba Nanak shrine in ment Directorate’s (ED) the high court verdict. where and how those wit- India's Punjab with the gur- custody till Thursday The court, however, made nesses were approached”. Japan’s Emperor Naruhito com- in public banks: Abhijit dwara at Kartarpur. — PTI after multiple spells of CBI it clear its order will not — PTI pleted his ascension to the Chrysanthemum throne on MADHUSUDAN SAHOO Commission (CVC). The CVC had constituted Tuesday in a ceremony steeped NEW DELHI, OCT. 22 fear of vigilance authori- Advisory Board for in the traditions and grandeur ties is making state-owned Banking Frauds (ABBF) of a monarchy that claims 2,000 Citing serious concerns banks take fewer risks, headed by former over banking sector in which results in downturn Vigilance Commissioner Centre has plans to sell 11 PSUs years of history. — AFP India, Nobel laureate Abh- of the sector,” Banerjee TM Bhasin to examine ijit Banerjee who won the said while interactions bank fraud over `50 crore MADHUSUDAN SAHOO government move, howev- set an ambitious target to Mahanagar telephone Assam: Starting 2021, Nobel prize winner for with media after meeting and recommend action. NEW DELHI, OCT. 22 er, aims at meeting the fis- offload government’s hold- Nigam (MTNL), economics in 2019, on Prime Minister Narendra However, when asked cal deficit target and bring ings. Telecommunications no govt jobs for those Tuesday, said that the gov- Modi earlier in the day. about the state of the econ- In a first, the Modi govern- the country’s economy These 11 PSUs include Consultant India, National ernment should consider It has been observed that omy of the country, ment at the Centre has back on track. In its recent Bharat Heavy Electricals, Textile Corporation, FCI with more than two kids cutting stakes in state- the banking system has Banerjee refused to take finalised 11 “ailing” Public meeting with top officials Andrew Yule & Co, ITDC’s Aravalli Gypsum and Guwahati: The Assam owned banks below 51 per been affected very badly questions on economy and Sector Units (PSUs) for of the Prime Minister’s Ashok Hotel, Balmer Minerals India, Hindustan Cabinet on Monday decided cent as soon as possible. In by rising NPAs for nearly refrained from comment- strategic sale as part of its Office (PMO), the finance Lawrie Investments and Copper, MECON and that no government jobs will a bid to see better health of five years now, which led ing on policies of the pre- disinvestment plan. The ministry is learnt to have Balmer Lawrie & Co, Braithwaite & Co. be given to persons having the banking sector, he to networth erosion and sent government. more than two children after urged government to discovery of scams in the “I had a cordial and January 1, 2021. bring in important and sector, with the Punjab good meeting. Prime The important decision was aggressive changes to deal and Maharashtra Coo- Minister Modi started by taken at a Cabinet meeting with ‘crisis’ in the bank- perative Bank (PMC) cracking a joke on how held late Monday evening ing sector. being the new addition. media is trying to trap me that also adopted a New “There is need to bring “Overhang of regulations to say anti-Modi things. Land Policy, which will give down stake of the govern- like CVC also deters to He’s been watching TV three bighas of agricultural ment to below 51 per cent take proper action of irreg- and he’s been watching land to landless indegenous in banks so that the deci- ularities in the system,” you guys. And he knows people and half a bigha for sions are taken without he said. what you are trying to constructing a house. fear of Central Vigilance Earlier in August, the do,” he said. Trump to celebrate Deepavali at White Infosys shares fall House tomorrow on whistleblower SC transfers all Aadhaar-social Washington: US President Donald Trump will celebrate complaint Diwali at the White House media linking cases to itself on Thursday, three days New Delhi, Oct. 22: Sh- ahead of the formal celebra- ares of IT services firm DC CORRESPONDENT tions of the festival of lights Infosys on Tuesday NEW DELHI, OCT. 22 in India. This would be plummeted nearly 17 per Trump's third Diwali cele- cent, wiping `53,451 The Supreme Court on brations at the White crore from its market Tuesday transferred to itself House, a tradition that valuation, on concerns petitions seeking the link- began with his predecessor over a whistleblower ing by social media profiles Barack Obama in 2009. complaint which alleged with identity proof includ- that two top executives ing Aadhaar. The petitions of the company were that top court transferred share with the investigating COUNTER POINT indulging in unethical are currently before agencies the decrypted mes- practices to increase Madras, Bombay and sages of the people under short-term revenue and Madhya Pradesh high probe. profits. The scrip tanked courts. The court directed the reg- 16.21 per cent to close at The social media plat- istry to place the matter `643.30 on the BSE. forms – Facebook, Wha- before the Chief Justice of During the day, it tum- tsApp and others - had India for the listing of the bled 16.86 per cent to moved the top court seeking matter before a bench. `638.30, the most since the transfer of cases pend- The hearing on Tuesday April 2013. ing before different high saw both the Centre and the On the National Stock courts to the apex court. Tamil Nadu government Exchange (NSE), it Noting that the draft asserting that intermedi- plunged 16.65 per cent to Information Technology aries were mandated under close at `640. Intermediaries Guidelines the Section 69 of the The sharp fall in the (Amendment) Rules, 2018, Information Technology scrip wiped out are likely to be completed by Act to provide the investi- `53,450.92 crore from the January 15, 2020, a bench of gating agencies with company’s market valu- Justice Deepak Gupta and decrypted messages, the ation which now stands Justice Aniruddha Bopse social media platforms at `2,76,300.08 crore. It directed the listing of the resisted it saying that they Market report was the worst-hit among matter in the last week of could not be fastened with the frontline companies January 2020 before an such obligations.
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