India Plans New Law to Protect Foreign Investment
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Follow us on: RNI No. APENG/2018/764698 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From OPINION 6 MONEY 8 SPORTS 12 VIJAYAWADA DELHI LUCKNOW BHOPAL A NEW AIR BNP PARIBAS SEES 9PC KOHLI TO BE RAIPUR CHANDIGARH BHUBANESWAR QUALITY AGENDA GROWTH FOR SENSEX IN ’20 BACK AT NO 3 RANCHI DEHRADUN HYDERABAD *Late City Vol. 2 Issue 76 VIJAYAWADA, FRIDAY JANUARY 17, 2020; PAGES 12 `3 *Air Surcharge Extra if Applicable BUNNY EYES BOLLYWOOD FOR PAN-INDIA APPEAL { Page 11 } www.dailypioneer.com FINANCE MINISTRY FORMER OFFICIAL I-T NOTICE FOR RS 3.5 CR PENALTY MS DHONI DROPPED FROM BCCI'S FOUR GAGANYAAN ASTRONAUTS TO QUESTIONS FISCAL DEFICIT NUMBERS LEAVES BPO EMPLOYEE ‘SHOCKED' TOP PLAYERS' ANNUAL CONTRACT GET 11-MONTH TRAINING IN RUSSIA former top official in Finance Ministry claims the government is man from Bhind district in Madhya Pradesh, who currently works in he Board of Control for Cricket in India (BCCI) on Thursday he four astronauts shortlisted for the Gaganyaan project, India's first Aunderstating the fiscal deficit, raising questions about the figures Aa BPO firm in Punjab, has said that he got the shock of his life when Tannounced the new player contracts for India senior men players, Tmanned space mission, will receive training in Russia for 11 months, weeks before the annual budget is due to be released. India targeted a he received an Income Tax Department notice, asking him to pay Rs with four classifications dividing the players. Notably, former India Union Minister Jitendra Singh has said. In a statement, the minister of budget gap of 3.3 pc of gross domestic product for the year ending 3.49 crore penalty for the alleged transactions of Rs 132 crore done in captain MS Dhoni was dropped from the BCCI's list of centrally state for atomic energy and space said their training in Russia will start March -- one that is widely expected to be missed by as much as 0.5 2011-12. Ravi Gupta, who works an assistant manager with a Business contracted players, raising fresh doubts on the future of from the third week of January. "After 11 months of percentage points as an economic Process Outsourcing company in Ludhiana, the veteran wicketkeeper-batsman, who has not played training in Russia, the astronauts will receive slowdown hurts tax collections. SC said that in the notice issued last month, the I- since the World Cup semi-final loss to New Zealand in 2019. module-specific training in India. In that, they will Garg, who worked on the current fiscal T department asked him to explain the Apart from MS Dhoni, Dinesh Karthik, Khaleel Ahmed be trained in crew and service module designed year's budget targets, sees the real transactions of Rs 132 crore made in a bank and recently retired, Ambati Rayudu have been by ISRO, learn to operate it, work around it shortfall widening to at least 4.5 pc. account opened in Mumbai using his PAN. dropped from the central contract. and do simulations," the statement read. India plans new law to Jana Sena forges alliance with BJP, aims to unseat YSRCP in 2024 protect foreign investment PNS n VIJAYAWADA Ending the prolonged sus- pense, the Jana Sena on AP govt decision on renewable energy projects raised questions on contract obligation Thursday announced its alliance with the BJP, after India is entangled in more than 20 overseas arbitration cases - the most against any three-hour-long deliberations country Institutional investors not preferring India after AP's experience at a hotel in Vijayawada. The BJP: Dhingra new allies said that they have REUTERS n NEW DELHI assessed by different ministries decided to take the failures of report has and regulators. the TDP and the YSRCP to the exposed Cong India is planning a new law to Foreign investors have high- masses. safeguard foreign investment lighted the enforcement of On its part, the Jana Sena by speeding up dispute resolu- contracts as one of their biggest assured the BJP that its cadre Jana Sena president Pawan Kalyan announces the alliance in the presence of tion, aiming to attract more concerns, said the second offi- will work with the national Nadendla Manohar, Kanna Lakshminarayana and Sunil Deodhar, on Thursday. capital from overseas to boost cial, adding that improving party not only in AP but also The Jana Sena assured fight was against anti-people's 4 stuttering domestic growth, on this front would also reduce wherever necessary in the policies of the government. said sources. litigation for the government. country. the BJP that its cadre Earlier in the week, Pawan In a 40-page initial draft, While investors can still rely Revealing details of the will work with the Kalyan had met top BJP and India's finance ministry has on the existing legal system to alliance at a joint media con- national party not RSS leaders in New Delhi. proposed appointing a media- settle disputes, it often takes ference later, Jana Sena presi- The alliance was finalized tor and setting up fast-track several years for cases to be dent Pawan Kalyan and BJP only in AP but also within two days of his return- courts to settle disputes decided or settled. state unit president Kanna wherever necessary in ing to the state. between investors and the gov- Investors previously had an Lakshminarayana declared the country. Pawan Kalyan exuded con- ernment, one of the sources option to take India to interna- that both the parties would fidence of the alliance forming said. tion," said the official. ernments decided to review tional arbitration courts under fight the 2024 elections togeth- fighting against corruption the government in 2024. He "The idea is to attract and The draft proposal is aimed approved projects, or threat- bilateral investment treaties er, set up a coordination com- and on public issues". said that the Jana Sena had promote foreign investment, at diffusing investor mistrust ened to cancel contracts. (BITs) the government had mittee to iron out any differ- They said that the alliance decided to sail with the BJP in but a major issue for investors around the sanctity of agree- Both officials declined to be agreed with dozens of nations. ences and work with the pri- has been clinched as the ide- the interest of the people of the is enforcement of contracts ments, which has worsened named as the proposal is not mary objective of capturing ologies of the BJP and the Jana state and for the future of AP. and speedy dispute resolu- recently after some state gov- public, and is still being Continued on Page 3 power in the state by 2024 "by Sena are similar and that their Continued on Page 3 NIRBHAYACASE IUML moves ‘Nitish will Sailajanath appointed LG for rejection Deodhar, GVL welcome alliance, lead NDA in SC for stay upcoming APCC president of convict's on CAA Bihar polls’ say it is a historic day for state PNS n VIJAYAWADA mercy petition PNS n NEW DELHI PNS n NEW DELHI PNS n VIJAYAWADA The AICC on Thursday The Indian Union Muslim appointed S. Sailajanath as The Lieutenant Governor of Stating that January 16 was a League (IUML), the first peti- 5 the Andhra Pradesh Congress Delhi has recommended the historic day in the annals of tioner to move the Supreme Committee president, replac- Union Home Ministry to Andhra Pradesh, BJP state Court against the Citizenship ing N. Raghuveera Reddy. reject the mercy petition of affairs in-charge Sunil Amendment Act (CAA), Senior leaders Tulasi Reddy one of the convicts of the Deodhar termed the alliance filed an application on and Shaik Mastanwali were Nirbhaya gangrape case, offi- struck between the BJP and the Thursday seeking stay on appointed working presidents cials said on Thursday. Jana Sena during Sankranti fes- the operation of the legisla- of the party. Mukesh Singh, one of the tival period "a welcome devel- tion which came into force on Sailajanath was elected to four convicts, filed the mercy opment". January 10. State Assembly twice - 2004 petition a few days ago. "The alliance would drive In another application, the and 2009 - from Singanamala S Sailajanath "The Home Ministry has away darkness in the state giv- Sunil Deodhar GVL Narasimha Rao IUML has sought direction to seat in Anantapur district. He received the mercy petition ing way to light," Deodhar the Centre to clarify its posi- served as a minister for some ister N. Kirankumar Reddy. from the LG recommending said, alleging that the YSRCP "The alliance has been struck dynasty rule and corruption in tion on National Register of time. AICC general secretary its rejection. The petition is government failed in all with the Jana Sena on the the State. He said they would Citizens (NRC) and National Earlier, he played an active Venu Gopal said the appoint- being examined and an fronts. grounds of ideological similar- bring happiness to the lives of Population Register (NPR). part in floating Jai ment will come into force appropriate decision will be He denied that the BJP has ities," Deodhar said. people by driving away dark- The Kerala-based political Samaikyandhra Party in asso- with immediate effect. taken soon," a Home any understanding either with Ge said BJP and Jana Sena ness. party filed the intervention ciation with former chief min- Continued on Page 3 Ministry official said. the TDP or with the YSRCP. would work together in ending Continued on Page 3 application in the writ peti- tion against CAA and referred to the decision of Uttar Pradesh government to rec- Split roles of ommend the names of 40,000 investment I-T sleuths raid Amazon not doing favour by investing a $1bn: Goyal illegal migrants to the Centre who can be granted citizen- advisor, dis- PNS n NEW DELHI Piyush Goyal said e- investment beyond 49 per ship under the amended Act.