SATURDAY www.thestatesman.com 10 FEBRUARY 2018 FIND US ONLINE Scan this with your smartphone twitter.com/TheStatesmanLtd facebook.com/thestatesman1875 Pages 16+4 |`3|LC KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR ‘WE ARE BORN AS ENTREPRENEURS’ P9 SENSEX 34,005.76 -407.40 WEATHER Partly cloudy sky. Shallow/moderate fog in the morning. The maximum and minimum temperatures are likely to be around 25 and 7 degrees Celsius respectively RAINFALL: Nil RELATIVE HUMIDITY Max. 97% Min. 29% Max: 24.4°C (+1) SUN RISES 07:03 hrs MOON RISES 03:34 hrs Min: 06.1°C (-3) SUN SETS 18:07 hrs MOON SETS 13:39 hrs TEMPERATURE THUMBNAILS PepsiCo chairman and CEO Indra Nooyi who has been appointed to the International Cricket Council (ICC) Board as the governing body's first independent woman director. Stocks retreat on global rout: Stocks tripped over the growing worries about rise in interest rates and a global rout in equities on Friday, with the benchmark Sensex falling over 1 per cent to close at a onemonth low and the broader Nifty crashing below the 10,500 level. The 30-share Sensex closed lower by 407.40 points or 1.18 per cent at 34,005.76. This is the weakest closing since January 4 when it had ended at P11 33,969.64. SC to hear Major father’s plea on FIR: The Supreme Court on Friday agreed to hear on Monday the plea of father of an Army officer, booked as an accused by Jammu and Kashmir Police in the recent Shopian firing incident. A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud considered advocate Aishwarya Bhati's submission that the plea of P5 the father be heard on an urgent basis. NIFTY 10,454.95 -121.90 TRUMP SIGNS BILL ENDING US GOVT SHUTDOWN FM TO BRIEF RBI AND SEBI BOARD ON BUDGET TODAY P11 ` vs $ 64.40 -14.00 PAISE INDIANS ONE WIN AWAY FROM MAKING HISTORY P16 P12 GOLD 28,985.00 +125.00 Oppn MPs meet Prez, seek SIT in Loya case SILVER 38,200.00 +200.00 BRENT CRUDE (IN $) 64.20 -0.61 SHOW OF UNITY Court-monitored investigation into CBI judge’s death demanded SNS & PTI NEW DELHI, 9 FEBRUARY O pposition MPs on Friday petitioned President Ram Nath Kovind for a court-monitored SIT probe into the death of CBI judge B H Loya and said they have no faith in either the CBI or the NIA. MPs from several political parties, including the Congress, the Trinamul Congress and the DMK, met the President and presented him a memorandum with the demand. The memorandum has been signed by 114 MPs from 15 parties, including the TMC, SP NCP DMK, RJD , , and AAP as well as the Left parties. The BSP is not a signatory to the letter. “To uphold the majesty of law, we request you to intervene in the matter. What is required is a thorough investigation through a team of independent officers selected and monitored by the Supreme Court,” the memorandum stated. The investigation should not be entrusted to either the Central Bureau of Investigation or the National Investigation Agency, given their track record, the MPs said. “Such a procedure will ensure the credibility of the institution in the eyes of the public. We sincerely hope you will use your good offices to serve the cause of justice,” they told the president. Loya, who was hearing the sensitive Sohrabuddin Sheikh fake encounter case, died of a cardiac arrest in Nagpur on December 1, 2014, when he had gone to attend the wedding of a colleague's daughter. Rahul Gandhi, who led Modi, Trump discuss Maldives STATESMAN NEWS SERVICE NEW DELHI, 9 FEBRUARY Prime Minister Narendra Modi discussed the situation in the Maldives with US President Donald Trump even as an early end to the ongoing crisis in the island nation did not appear in sight. The two leaders expressed concern about the political crisis in the Maldives and talked about the importance of respect for democratic institutions and rule of law, the White House said in a read-out on Thursday night’s telephonic conversation. The archipelago plunged into crisis last Thursday when the country’s Supreme Court ordered the release of nine political prisoners, including former President Mohamed Nasheed.While refusing to implement the apex court order, theYameen government declared a state of emergency and ordered the arrests of the Chief Justice and another former President M A Gayoom. Maldives Ambassador to India Ahmed Mohamed, meanwhile, said he had received requests from some Delhi-based envoys of foreign nations to brief them on the developments in his country. He said he proposed to meet these envoys next week.The Maldives Embassy said theYameen government had extended an invitation to all development partners and organisations to visit the country to assess the current situation and to observe and independently verify that life remained unaffected in the island with peace and calm prevailing everywhere. the Opposition charge, said a large number of MPs felt that there is something suspicious in the death of Loya and two more that took place thereafter. “A large number of MPs feel suspicious and uneasy over the death of judge Loya and two others. They wanted an independent probe and did not want the investigation to be handed over to the CBI,” Gandhi said after the meeting. He said the President gave a positive response and has assured them that he would look into the matter. The leaders have also written in the memorandum that they believe that if “lives of judges and lawyers are jeopardised for doing their duty, then democracy is under grave threat.’’ Indian among 2 scribes held in Maldives AGENCIES MALE, 9 FEBRUARY Two foreign journalists, including an Indian national, have been detained in the Maldives for working in the country in violation of its immigration rules, the Maldivian police said Friday amid political turmoil there. The two journalists, a British national and an Indian national, have been handed over to immigration authorities. India has sought its details from its embassy in Maldives. The two Koreas marched together and South Korea's president shared a historic handshake with Kim Jong Un's sister as the Pyeongchang Winter Olympics opened in a (SEE PAGE 12) spirit of intense rapprochement on Friday. AFP Modi govt steered Indian economy to bright spot: FM STATESMAN NEWS SERVICE NEW DELHI, 9 FEBRUARY Rejecting all charges of economic mismanagement, Finance Minister Arun Jaitley Friday said reforms by the Narendra Modi government had cut deficits and expanded revenue, and helped the country cover the journey from being among the “fragile five” to a bright spot. Replying to a general discussion on the Union Budget in the Rajya Sabha, Jaitley said the campaign against black money, as also steps like demonetization and the Goods and Service Tax (GST), had led to an increase of income tax collection by 19.7 per cent. He said the long term capital gains tax of 10 per cent was imposed on rich tax payers who were getting tax concessions of several lakh crores. The tax was not imposed earlier as investment was being incentivized. Jaitley said the Opposition was unnecessarily worried about allocations for the proposed National Health Protection Scheme. The scheme would be affordable, he said. At one time, there was worry about food security and today its expenditure of Rs 1.70 lakh crore was absorbed in the regular budgets. For Andhra Pradesh’s state capital project, Rs 2500 crore was already released, he said. While the fiscal deficit used to be 5.9 per cent or 4.9 per cent during the previous Congress-led UPA government, it was much lower now, and still the Congress was criticising the government, he said. The revenue deficit during the UPA regime used to be three to four per cent, while it was lower than three per cent during the current government. Inflation rate was nine per cent during the last three years of the UPA government while this year’s average was 3.6 per cent, the FM said. During the current regime, he said the revised budgets were always higher than the original estimates, showing that the expenditure was always higher. The fiscal deficit slippage was statistical primarily due to shortfall of GST revenue of one month in the current fiscal, Jaitley claimed. The slightly lower capital expenditure was no problem, he said. The customs collections were lower partly because of the changes made postTURN TO PAGE 7 GST.
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