FRIDAY www.thestatesman.com 30 NOVEMBER 2018 FIND US ONLINE Scan this with your smartphone twitter.com/TheStatesmanLtd facebook.com/thestatesman1875 Pages 16 |` 5|LC KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR CENTRE GRANTS SANCTION TO PROSECUTE AAP MINISTER SIDHU PLAYS DOWN PHOTO WITH ‘KHALISTANI’ P3 SENSEX 36,170.41 +453.46 NIFTY 10,858.70 +129.85 TRUMP CANCELS PUTIN MEETING OVER UKRAINE CRISIS P12 ` vs $ 69.85 +77 PAISE Mainly clear sky. Mist in the morning. The maximum and minimum temperatures would be around 26 and 11 degrees Celsius respectively. RAINFALL: Nil RELATIVE HUMIDITY STATESMAN NEWS SERVICE MUMBAI, 29 NOVEMBER Max.98% TEMPERATURE Max: 26.2°C (+1) SUN RISES 06:56 hrs MOON RISES 0:51 hrs Min. 52% Min: 12.2°C (+2) SUN SETS 17:24 hrs MOON SETS 13:06 hrs THUMBNAILS Rupee soars 77 paise: The rupee vaulted 77 paise to a three-month high of 69.85 per US dollar on Thursday, propelled by easing crude oil prices and fresh foreign capital inflows. Oil prices slipped below the $ 60 per dollar mark. The 30-share Sensex surged 453.46 points, or 1.27 per cent, to end at 36,170.41, while the broader NSE Nifty jumped 129.85 points, or P11 1.21 per cent, to 10,858.70. Farmers launch protest in Capital: Hoping to make themselves heard in the power centre of the country, thousands of farmers who have come to Delhi from across India ~ including Andhra Pradesh, Gujarat, Madhya Pradesh, Maharashtra, Tamil Nadu, West Bengal and UP ~ began a two-day protest Thursday to press for debt relief, remunerative prices for their produce among other demands. The farmers, backed by the Left, converged at Ramlila Ground and will march to Parliament Street on P2 Friday. The Maharashtra legislature today unanimously passed a government Bill moved by the chief minister Mr Devendra Fadnavis that provides 16 per cent reserved quota to the Maratha community which constitutes 30 per cent of the Maharashtra population of nearly 10 crore. To ensure that the quota passes the test of constitutional validity in the High Court or in the Supreme Court, the Bharatiya Janata Party-Shiv Sena coalition government devised a new category called "Socially and educationally Backward Class" or SEBC to facilitate 16 per cent quota for Marathas. This new category does not encroach upon the reserved category quotas of Scheduled Caste and Scheduled Tribes and Other Backward Classes or OBCs. To ensure hurdle-free passage of the legislation, the ruling partners had issued whips asking their MLAs and MLCs to remain Tenure of 2 years as CBI chief can’t be altered: Verma in SC PRESS TRUST OF INDIA NEW DELHI, 29 NOVEMBER CBI Director AlokVerma, who has been divested of all duties by the Centre and sent on leave, told the Supreme Court onThursday that he was appointed for a fixed tenure of two years and cannot even be transferred. Verma, who has a feud with his deputy Rakesh Asthana, Special Director in CBI, had approached the apex court seeking stay on the Centre's order contending that it was against the guidelines laid down by the top court. During the hearing, the apex court made it clear that it was not going into the allegations and counter allegations. “We are and only testing the issue as pure question of law,” said a bench headed by Chief Justice Ranjan Gogoi. Challenging the government's decision, Verma'scounselandsenior advocate Fali S Nariman said the CBI Director was appointed on February 1, 2017 and “the position of law is that there will be a fixed tenure of two years and this gentleman cannot be even transferred”. Making his submission before the bench, also comprising Justices S K Kaul and K M Joseph, Nariman said there was no basis for the Central Vigilance Commission to pass an order recommending that Verma be sent on leave. “There has to be strict interpretation of theVineet Narain judgment. This is not the transfer andVerma has been denuded of his power and duties...oth- erwise there was no use of the Narain judgement and the law...,” Nariman said. The Vineet Narain decision, delivered by the apex court in 1997, relates to the investigation of allegations of corruption against high-ranking public officials in India. Before 1997, the tenure of the CBI directors was not fixed and they could be removed by the government in any manner. But the apex court in the Vineet Narain judgment fixed a tenure of a minimum of two years for the CBI director to allow the officer to work with independence. Nariman referred to the terms and conditions of appointment and removal of the CBI director. Attorney General K K Venugopal opposed the plea of Verma and others that the government should have gone back to the selection panel for divesting the CBI Director of his duties. DeMo massive draconian, monetary shock: Ex-CEA C IANS NEW DELHI, 29 NOVEMBER Arvind Subramanian kept a studied silence on demonetisation as long as he was Chief Economic Adviser but six months after quitting the job he has described the note ban as a massive, draconian, monetary shock that accelerated economic slide to 6.8 per cent in the seven quarters after the decision against the 8 per cent recorded prior to it. Breaking his silence on the November 8, 2016 decision of Prime Minister Narendra Modi, he says that he does not have a strongly-backed empirical view apart from the fact that the welfare costs, especially on the informal sector, were substantial. Though Subramanian, who quit the post earlier this year after a fouryear tenure, has devoted a chapter in the upcoming book "Of Counsel: The Challenges of the ModiJaitley Economy", published by Penguin, has kept to himself on whether he was consulted in the decisionmaking process of demonetisation. The detractors of the government had said that the Prime Minister had not consulted the CEA on the crucial decision. "Demonetisation was a massive, draconian, monetary shock: In one fell swoop, 86 per cent of the currency in circulation was withdrawn. The real GDP growth was affected by the demonetisation. Growth had been slowing even before, but after demonetisation, the slide accelerated. "In the six quarters before demonetisation, growth averaged 8 per cent and in the seven quarters after, it averaged about 6.8 per cent (with a four quarter window, the relevant numbers are 8.1 per cent before and 6.2 per cent after)," Subramanian says in the chapter "The Two Puzzles of Demonetisation -- Political and Economic". The former CEA says he does not think anyone disputes that demonetisation slowed growth. Rather, the debate has been about the size of the effect -- whether it was 2 per cent points, or much less. P15 P6 GOLD 29,310.00 -20.00 Marathas entitled to quota now in Maha WEATHER PSG BEAT THE REDS, CLOSE IN ON CL KNOCKOUTS present in both Houses and pass the Bill in earnest. CM Devendra Fadnavis , moving the Bill said: "We have completed the due procedure for Marathas' reservation report and based on that we are bringing the Bill today. But to meet the reservation demand by Dhangar community (shephards) we have not completed the report. A sub committee has been appointed and soon its report will be available. Based on that an ATR or action taken report will be tabled in the legislature." The state government has been facing aseries of violent protests,particularly by Maratha youths, since mid2018 who were aggressively demanding early enactment on the most sentimental issue. Mr Fadnavis had assured the agitators that his government would bring in a legislation that would not face legal hurdle in any court. The previous CongressNationalist Congress Party government also had granted 16 per cent reservation to Marathas in jobs and eductional fields but it was stayed by Bombay High Court citing constitutional hurdles. The present government had set up a committee to study the report of State Backward Class Commission for Marathas and come up with a suggestion on how to overcome legal/constitutional challenges. The report of the committee was presented to the government on 15 November this year. Based on it the Bill was drafted and came before the legislature today for passage. The Bill seeks Constitutional protection under Articles 15(4) and 16(4) to grant 16 per cent quota to Marathas and comply with their more than a decade old demand. SILVER 36,200.00 00.00 BRENT CRUDE (IN $) 58.16 -0.60 Khan says ready for talks with PM Modi On 26/11, Pak PM says he can’t take responsibility for past; evasive on ‘D’ PRESS TRUST OF INDIA ISLAMABAD, 29 NOVEMBER P akistan Prime Minister Imran Khan on Thursday said he was ready to hold talks with his Indian counterpart Narendra Modi while conceding that it was not in the interest of his country to allow terror activities from its territory. Khan's remarks came a day after External Affairs Minister Sushma Swaraj categorically ruled out possibility of holding talks with Pakistan unless it stops cross-border terror activities. “It is not in our interest to allow use of Pakistan's territory for terror outside,” Khan, who is celebrating 100 days of his government on Thursday, said during an interaction with a group of Indian journalists here. Khan said that people in Pakistan want peace with India and he will be happy to meet Modi and talk to him on any issue. “I am ready for talks on any issue. There can't be a military solution for Kashmir,” he said, adding “nothing is impossible” when asked whether it is possible to resolve the Kashmir issue. “The mindset of people here has changed,” Khan said, a day after he laid the foundation-stone for the Kartarpur corridor that will connect Darbar Sahib in Pakistan's Kartarpur - the final resting place of Sikh faith's founder Guru Nanak Dev - with Dera Baba Nanak shrine in India's Gurdaspur district and facilitate visa-free movement of Indian Sikh pilgrims to Kartarpur. Pakistan is projecting the corridor as a goodwill ges- ture. “The India I know majority must be appreciating it,” Khan told the Indian journalists who had arrived in Pakistan to cover the groundbreaking ceremony of the corridor. He, however, said the gesture for peace cannot be one-sided. “We are willing to wait for (general) elections to get over in India for a gesture from New Delhi,” Khan said, referring to the Lok Sabha elections scheduled for next year. On Saeed: On punishing Mumbai attack mastermind and Jamat-ud Dawah (JuD) chief Hafiz Saeed, who is carrying a USD 10 million US bounty, Khan said, “there are UN sanctions against Hafiz Saeed. There is already a clampdown on him.” The JuD was declared as a foreign terrorist organisation by the US in June 2014. The group is a front for the Lashkar-e-Taiba terror outfit. Saeed is the co-founder of the Lashkar-e-Taiba, which was responsible for the attacks in which 166 people were killed in November 2008. He was put under house arrest after the 26/11 attack, but was freed by a court in 2009. On other accused in the 26/11 case, Khan said it is sub judice. On the trail of the 26/11 accused, Khan said he inherited the issue and that the case is sub judice. “I cannot take responsibility for the past,” he said. O n D a w o o d : Asked whether his government will take action against India's 'Most Wanted' terrorist Dawood Ibrahim, Khan evaded a direct reply saying, “We can't live in the past. We should leave behind the past and look forward. We also have a list of wanted people in India.”
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