CMYK SATURDAY www.thestatesman.com 30 JUNE 2018 FIND US ONLINE Scan this with your smartphone twitter.com/TheStatesmanLtd facebook.com/thestatesman1875 Pages 20 |` 5.00|LC* KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR P7 SENSEX 35,423.48 +385.84 WEATHER Generally cloudy sky with 1/2 spells of rain/thundershower. Max and min temp will be around 33-27 degree celsius, resp RAINFALL: 2.2 mm RELATIVE HUMIDITY Max.89% TEMPERATURE Max: 33.6°C (+1) SUN RISES 04:56 hrs MOON RISES 20.24 hrs P5 NIFTY 10,714.30 +125.20 PLA holds drill in Tibet to test their ‘logistics’ Min: 26.8°C (0) SUN SETS 18:25 hrs MOON SETS 06:30 hrs First quarter of moon on 10 July THUMBNAILS TODAY’S MATCHES France vs Argentina 7.30 p.m. Uruguay vs Portugal 11.30 p.m. 4 terrorists killed in J&K encounters: Four terrorists and a youth were killed in two separate encounters and simultaneous clashes with security forces in Kashmir on Friday. Three terrorists were killed in an encounter at Chatapura in Pulwama district. A civilian identified as Faizan Ahmad Khan was killed as stonepelters clashed with security forces to enable the three holed up terrorists escape from there. About a dozen stonepelters were also injured. Two houses were damaged during the encounter. Mobs of youths from nearby villages clashed with security forces. GOLD 29,295.00 -115.00 in personnel survival, delivery, material supply, rescue, emergency maintenance and road safety, the military has adopted a militarycivilian integration strategy and constantly advanced logistics support capabilities, Zhang Wenlong, head of the command logistics support department, was quoted as saying by the state-run Xinhua News Agency. Zhang said that the drill aimed to explore a new mode of military-civilian integration in the plateau command following the reshuffle of the military system. During the drill, a local petroleum company supplied fuel immediately when the armoured unit ran out of fuel and the city government of Lhasa delivered a steady flow of food to soldiers after a day of mock battle, the report said. “The biggest challenge of battle at the high altitude is to provide sustainable logistics and armament support. In the 1962 ChinaIndia border conflict, China failed to protect its fruits of victory due to poor logistics support. Although local Tibetan residents provided soldiers with temporary support, it was not sustainable.” mid reports about a 50 per cent rise in deposits of money by Indians in Swiss banks, the Narendra Modi government on Friday said not all such deposited money could be assumed to be illicit or black, but added that strong action would be taken against anyone found guilty of illegal Swiss deposits. This was asserted by both Union Finance Minister Piyush Goyal and the convalescing senior Minister without portfolio Arun Jaitley. The Modi government, however, drew fire from the Opposition, especially the Congress, who questioned its claims and pledges that it would combat the menace of black money and bring back Indians' illicit deposits from black money havens overseas. The Modi government reportedly indicated on Friday that the Liberalised Remittance Scheme (LRS) introduced by ex-finance minister P Chidambaram could have been a trigger for the surge in Indians' Swiss banks deposits. FM Goyal told reporters the government would start getting details about bank accounts of Indians in Switzerland from 2019 under a bilateral tax treaty. He said, "The data that you alluded to will come to us, so how are you assum- A New ICICI Bank chairman: ICICI Bank named a new non-executive part-time chairman in former bureaucrat Girish Chandra Chaturvedi, who said he did not believe the lender was in a mess and it could be steered out of recent incidents. Chaturvedi, 65, will replace M K Sharma, whose term ends on June 30. ICICI Bank said the 1977-batch IAS from the UP cadre, who retired in January 2013, has been appointed for a three-year term beginning July 1. Chaturvedi said he is looking forward to taking up the new assignment but it was P8 too early to state his priorities or action. NEW DELHI, 29 JUNE India later this year. Special Representatives (SRs) of the two countries were also scheduled to hold their next round of meeting in Beijing this year. As part of the increasing interaction, the two foreign ministers would soon co-chair the first meeting of high-level people-to-people and cultural exchange mechanism this year. Sources said the two countries need to strengthen exchanges between senior officials of the government, military and legislature. The two nations could also think of BRENT CRUDE (IN $) 78.70 +0.85 Ministers promise strong action against those found guilty of illegal deposits ing that this is black money or this is illegal transaction". Goyal said that 40 per cent of the deposits is because of LRS according to which an individual could remit up to USD 2,50,000 per year. “We will have all information if someone is found guilty, the government will take strong action against them,” he added. Last July, PM Modi had reportedly mentioned about record 45 per cent drop in deposits by Indians in Swiss banks. Jaitley also said, "To assume that all the (Swiss) deposits are per se tax evaded money or that Switzerland in the matter of illegal deposits is what it was decades ago, is to start on a shaky presumption." In a social media post, "The Impact of the Government Policies on Direct signing a treaty of good neighbourliness and friendly cooperation. Beijing has already provided to New Delhi the draft of the proposed treaty. Sources said cooperation between India and China was not new. It could be traced to the introduction of Buddhism in China and the travel of the famous monk Xuanzang to India. The boundary question between the two countries was left over by history. The two countries must build on convergences and find a mutual acceptable solution to the boundary Tax Collections", Jaitley said Switzerland has now changed on the score of financial disclosures and has entered into several bilateral treaties including with India in this regard. Highlighting that the flow of information from Switzerland will start from January 2019, Jaitley said : "Any illegal depositor knows that it is a matter of months before his name becomes public and he will be subjected to the harsh penal provisions of the black money law in India." Jaitley underlined the point that "Indian money" overseas is of various categories including "many held by persons of Indian origin who now hold foreign passport, monies belonging to NRIs, as also monies belonging to resident Indians who have made legitimate investments abroad, including transfer of money under the LRS". "It is only monies kept by resident Indian outside these categories which become actionable...If the deposit does not fall in any of these categories, it is per se illegal for which investigations are undertaken, arrests are made and criminal prosecutions are launched," Jaitley stated. "Those who participate in a public discourse must understand these basic facts before expressing an opinion which may be illinformed," he added. Firing a salvo at the Modi dispensation, former BJP leader Yashwant Sinha, however, tweeted sarcastically : "I was wrong in criticising demonetization. It has completely stopped stone pelting in Kashmir and ended black money in India and Switzerland?" West Bengal Chief Minister Mamata Banerjee today slammed the Centre over increase in flight of money to Swiss bank and blamed this to demonetisation. Referring to the report that Indians' money in Swiss banks has risen by 50 per cent in the last one year, Banerjee said that it has happened when the native banks were running on losses. “Bravo! #DeMonetisation? Swiss Bank money flying. India losing,” Banerjee wrote on her Twitter handle. Rahul targets PM over Swiss bank money NEW DELHI, 29 JUNE Congress president Rahul Gandhi today took a swipe at Narendra Modi over the rise in Indian money in Swiss banks, alleging that the prime minister says a 50per cent jump in deposits by Indians is “white money” and that there is no “black money”. “2014, HE said: I will bring back all the “BLACK” money in Swiss Banks & put 15 Lakhs in each Indian bank A/C. 2016, HE said: Demonetisation will cure India of “BLACK” money. 2018, HE says: 50% jump in Swiss Bank deposits by Indians, is “WHITE” money. No “BLACK” in Swiss Banks!(sic)” Gandhi said on Twitter, tagging a media report on the matter. Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend. SNS Pak to participate in SAARC partnership meet in Delhi Top Chinese General to lead military delegation to India With ties between the two countries improving considerably in the past few weeks, China is sending a high-level military delegation to India soon to discuss ways to enhance cooperation in border management, including the possibility of establishing a hot line. Lt Gen Liu Xiaowu, Deputy Commander of the PLA Western Command, will lead the delegation. It is expected to meet military leaders on the Indian side and exchange views on a plethora of defence and strategic issues. The delegation would also be visiting Pakistan. Informed sources here said Chinese Defence Minister and Minister for Public Security would also visit SILVER 39,500.00 -200.00 Not all Swiss bank deposits black money, says govt ASHOK TUTEJA No knee-jerk reaction to rupee fall: The govj ernment on Friday ruled out any “knee-jerk reaction” to tackle the fall in rupee and said appropriate measures would be taken after taking into consideration the global situation. Against the backdrop of the rupee breaching the 69-mark versus the US dollar and touching lifetime lows on Thursday, FM Piyush Goyal emphasised that there is no need for any knee-jerk reaction. “I have full faith that the RBI and the government will sit together and discuss. We will take a call taking into considP8 eration the global situation,” he noted. P11 STATESMAN NEWS SERVICE NEW DELHI, 29 JUNE BEIJING, 29 JUNE Chinese military stationed in Tibet has carried out a drill to test their logistics, armament support capabilities and military-civilian integration in the remote Himalayan region, official media reported here today. The drill carried out by the People's Liberation Army (PLA) units on Tuesday was the first such reported exercise in Tibet since the Doklam standoff. State-run 'Global Times' which reported the drill also cited the PLA's 13-hour long exercise conducted at an elevation of 4,600 metres in August last year. Analysts hailed the Tuesday's drill, which was held in cooperation with local companies and government, as an important move toward military-civilian integration, a strategy to realise the country's goal of building a strong military in the new era, the report said. An important component of the drill was the military-civilian integration strategy, a key component in Tibet where the Dalai Lama's legacy still lingers on. The Qinghai-Tibet Plateau has an adverse climate and complex topography. Over a long period of time, it is very difficult to provide soldiers with logistics and armament support, the report said. To solve the difficulties JAPAN COACH TELLS PLAYERS TO LOSE WORLD CUP MATCH P7 ` vs $ 68.46 +33 PAISE PRESS TRUST OF INDIA Min. 62% ‘SIMPLICITY IS AN ASSET FOR ME’ RAWAT TRIGGERS CONTROVERSY OVER SCHOOL PRINCIPAL WHY SHOULDN’T TRUMP MEET PUTIN? issues while taking more confidence building measures (CBMs) to maintain the peace and tranquillity along the border to prevent a situation like last summer’s Doklam military standoff, they said. Sources also drew attention to Chinese Ambassador Luo Zhaohui’s recent statement that the two countries could not withstand another Doklamlike incident. In a changing world, India and China must learn how to coexist with each other. This was the primary reason for the informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping at Wuhan in Aprilend. Sources said the two leaders were expected to meet again for their informal summit next year probably in India. STATESMAN NEWS SERVICE NEW DELHI, 29 JUNE Despite the current state of relations between the two countries, a Pakistani business delegation under the aegis of the SAARC Chamber of Commerce and Industry will be visiting India from Saturday to participate in the SAARC Development Fund (SDF) Partnership Conclave. The three-day conclave, to be held from 1 July in New Delhi, is aimed at strategic growth in the South Asia region through project collaboration and regional integration. The delegation is being led by SAARC Chamber of Commerce and Industry senior vice president (SVP) Iftikhar Ali Malik, it is learnt. The conclave proposes to solicit cross-border project co-financing under The 3-day conclave, to be held from 1 July in New Delhi, is aimed at strategic growth in the South Asia region through project collaboration and regional integration. the “social, economic and infrastructure windows of SDF” in SAARC member states. The thematic concepts to be discussed during the conclave for funding would be energy, transportation, ICT, trade and commerce, agriculture and allied sectors, and poverty alleviation, among others. The Thimphu-based SDF was established by the heads of the eight SAARC Member States ~ Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka ~ in April 2010 to promote peoples' welfare in the region, improve their quality of life, and accelerate economic growth, social progress and poverty alleviation. The SDF is currently implementing 12 regional projects with more than 70 implementing and lead implementing agencies covering all the eight member states under the social window funding. ‘Daughter said she was going to fly in a sick aircraft’ PRESS TRUST OF INDIA CHANDIGARH, 29 JUNE Hours before the 12-seater aircraft crashed in a crowded Mumbai suburb yesterday, maintenance engineer Surabhi Gupta - one of the five killed in the incident- told her father in Sonepat that she was going to fly in a “sick aircraft”. Surabhi had spoken to her father over phone in the morning yesterday and described the condition of the aircraft as bad. “It was yesterday morning that we spoke over phone. We had a routine conversation before she told me that the aircraft she was going to fly in later in the day was sick. She said the aircraft was in a bad condition..,” Surabhi's father S P Gupta told reporters at his residence in Sonepat today. The grieving father wondered who gave the permission to fly a “sick aircraft”. “How was permission given to fly a sick aircraft and who gave this permission,” he asked. At the same time, Gupta said that he was confident that a high-level probe would be conducted by authorities concerned into the incident and people responsible will be held accountable. He said Surabhi got married only last year and her husband too was a pilot. He recalled that Surabhi was often referred to as astronaut Kalpana Chawla by local residents in their home town in Uttar Pradesh. “Recently, she was honoured by the Maharashtra government. She was a brave young woman, who was fond of heights,” he said. The 12-seater aircraft crashed in Ghatkopar in Mumbai yesterday, killing both pilots and two aircraft main- CMYK tenance engineers on board, besides a pedestrian. The aircraft had taken off from the Juhu airstrip on a test flight. It lost control when it was four nautical miles from Juhu. A day after an aircraft crashed into an under-construction building in Ghatkopar here, CCTV footage has emerged showing the intensity of the impact. The footage shows the plane turning into a ball of fire amidst a deafening roar. Officials said the footage is from a close-circuit television camera installed in a building near the one into which the 12-seater Beechcraft King Air C90 aircraft crashed. Put in place air infra: HC MUMBAI, 29 JUNE The Bombay High Court today emphasised on the need for putting in place adequate infrastructure for air safety while referring to yesterday's plane crash in the city that killed five persons. It said authorities concerned could either act now and put in place requisite infrastructure for air safety or continue risking lives of citizens as it has been “doing until now”. The observations came while a bench of justices S C Dharamadhikari and Bharati Dangre was hearing an application filed by the Mumbai Metropolitan Regional Development Authority (MMRDA) seeking permission for installing some overhead cables for a metro rail junction here. Installing such cables for the Metro II B line, however, will come in the way of the funnel area of the Juhu airport by around 11 centimetres. The aircraft had taken off from the Juhu airstrip for a PTI test flight.
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