CMYK TUESDAY www.thestatesman.com 11 DECEMBER 2018 FIND US ONLINE Scan this with your smartphone twitter.com/TheStatesmanLtd facebook.com/thestatesman1875 Pages 16 |` 5.00|LC* KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR P10 WEATHER Mainly clear sky with morning mist. Max and min temperature likely to be around 28 and 15 degree celsius, respectively. RAINFALL: Nil RELATIVE HUMIDITY ALL INDIANS SHOULD BE CONCERNED, SAYS RAJAN MACRON TO BREAK SILENCE, ADDRESS FRENCH NATION MAY POSTPONES TUESDAY’S BREXIT VOTE P10 P8 Cites personal reasons for resignation which comes with immediate effect, senior colleagues at RBI not surprised at decision PM lauds Urjit Patel’s contribution MUMBAI,10 DECEMBER Min. 36% Max: 27.3°C (0) SUN RISES 06:07 hrs MOON RISES 09.10 hrs Min: 14.4°C (-1) SUN SETS 16:53 hrs MOON SETS 20:22 hrs TEMPERATURE Next moon quarter on 18 December THUMBNAILS India win: India gave wings to their quest for a maiden series win in Australia with a 31-run victory in the opening Test, their first in the country since 2008, with Rishabh Pant equalling a world record along the way here Monday. Chasing 323, the hosts were bowled P12 out for 291 in 119.5 overs. Sensex down 714 points: In its worst session in two months, Indian equity benchmark Sensex Monday tumbled by 714 points after “unfavourable” state exit poll results for the ruling BJP, while analysts warned that a bigger crash may be in store on Tuesday due to P8 sudden resignation of RBI Governor. eserve Bank of India Governor Mr Urjit Patel resigned from his post on Monday with immediate effect citing "personal reasons." Holding a doctorate from Yale University in economics,Mr Patel has been under stress on account of his differences with the government as well as the central board of the central bank. These conflicting opinions and perceptions were being debated in banking circles in Mumbai. That the unstated stand off has culminated into his quitting did not come as a surprise to his senior colleagues in RBI. There were rumours of deputy governor Mr Virsl Acharya has also quit were promptly dismissed by RBI. His immediate predecessor Mr Raghuram Rajan described the resignation as "serious issue that needs to be handled carefully and utmost circumspection by the government keeping in mind the credibility and autonomy of the institution." Another retired Governor Mr C Rangarajan said "I am surprised and shocked.I hope the government comes out with a clarification soon and it should appoint a new governor immediately. Mr Patel who posted his resignation on the website of RBI wrote "On R NEW DELHI, 10 DEC AGENCIES LONDON, 10 DECEMBER is satisfied that his human rights would not be infringed in Barrack 12 of Arthur Road Jail in Mumbai, where he is to be held on being extradited. “Having considered the evidence as a whole, there is a case to answer There is clear evidence of dispersal and misapplication of the loan funds and I find a prima facie case that Mallya was involved in a conspiracy to launder money,” Judge Arbuthnot concluded. “There was no evidence which allowed me Patel’s resignation a severe blow to nation’s economy: Manmohan SNS & PTI NEW DELHI, 10 DECEMBER The Govt acknowledges with appreciation services rendered by him. It was a pleasure for me to deal with him and benefit from his scholarship ARUN JAITLEY UNION FINANCE MINISTER account of personal reasons I have decided to step down from my current position effective immediately. It ha been my privilege and honour to serve RBI in various capacities. The support and hard work of RBI staff officers and management has been the proximate drive of bank's considerable accomplishment in recent years. He further wrote "I take this opportunity to express gratitude to my colleagues and directors of that RBI central board and wish them all the best for future. Insiders say RBI top brass disapproved one of the latest appoint- UK court orders Mallya’s extradition ‘as there is prima facie case against him’ A UK court on Monday ordered Vijay Mallya's extradition after concluding that the “flashy billionaire” does have a case to answer in the Indian courts over substantial “misrepresentations” of his financial dealings, in a major boost to India's efforts to bring back the businessman wanted for alleged bank fraud and money laundering amounting to an estimated Rs 9,000 crore. Hailing the verdict, India’s FM Arun Jaitley tweeted “Great Day for India. Delivering the verdict at Westminster Magistrates' Court here, Chief Magistrate Judge Emma Arbuthnot said there is a prima facie case against Mallya and that she P11 Urjit Patel quits as RBI Governor STATESMAN NEWS SERVICE Max.93% WHEN QUINTERO WROTE HIS NAME IN HISTORY to find that if extradited Mallya was at real risk of suffering a flagrant denial of justice,” she said, adding that she is sending the case to the Home Secretary of State for a decision to be taken on whether to order his extradition. Under India's extradition treaty with the UK, the sign off on the extradition order is made by the UK home secretary, in this case senior British Pakistani minister Sajid Javid, who has two months to formally order the extradition. Meanwhile, Mallya has the right to lodge an appeal in the UK High Court against the order but that appeal would be addressed once Javid has made his decision on the extradition order, until which time he remains on the same bail conditions. ed director Mr Gurumurthy giving his personal views on RBI"s robust reserves when reports were circulating of the government pressing for diluting those reserves by more than Rs 3lakh to bail out state run banks from sticky NPAs. Just short of issuing a clear directive to RBI Under section 7 of RBI Act the government apparently used all indirect means threatening the institution"s autonomy. In recent months the government and RBI held on to their diverse--often opposite stands--on macro economic issues such a curb on doing normal business by NPA laden banks , hawkish monetary policy , his frequent appearances before the parliamentary committee and a series of loan waivers by states. A former central board director and renowned figure in banking industry Mr YH Malegam commented "It is indicative of the fear that the RBI may have become intentions of the government. Michel remand extended Soon after Urjit Patel quit as RBI Governor, Prime Minister Narendra Modi on Monday lauded his contribution saying he steered the banking system “from chaos to order” and ensured discipline. He said Patel is a thorough professional with “impeccable integrity”. Patel, who had a run in with the government over autonomy of the central bank, in a brief statement on Monday said he has decided to step down as RBI Governor with immediate effect. He, however, did not specify the reason for the decision. The PM said Patel leaves behind a great legacy and will be missed immensely. “Dr Urjit Patel is an economist of a very high calibre with a deep and insightful understanding of macro-economic issues. He steered the banking system from chaos to order and ensured discipline. Under his leadership, the RBI brought financial stability,” the PM wrote on Twitter. “He has been in the RBI for about 6 years as Deputy Governor and Governor. . We will miss him immensePTI ly,” Modi said. There is consensus among Opposition parties that the assault on institutions such as the RBI must be stopped, Congress president Rahul Gandhi said on Monday following the resignation of the central bank's governor Urjit Patel. Former PM Manmohan Singh said Urjit Patel's resignation when economy is faced with many headwinds is very unfortunate, a severe blow to the nation’s economy. Gandhi's remarks came after top leaders of over a dozen opposition parties met here as part of attempts to forge a front to take on the BJP in the 2019 Lok Sabha elections. West Bengal Chief Minister Mamata Banerjee, who attended the meeting, hit out at the Modi government over Patel's resignation, saying it was a matter of “great shock”. “Institutions, from the CBI to the RBI, have become total disasters. This has never happened before. It is a matter of great shock. We must protest,” Banerjee said. She proposed that the meeting should continue on Tuesday and leaders of Opposition parties should also meet President Ram Nath Kovind over Patel's resignation. “The BJP is behaving like a dictator. There should be a campaign against this rule. Everybody has agreed to that,” she said. “Financial stability is not Congress president Rahul Gandhi and UPA chairperson Sonia Gandhi with others leaders during a meeting of Opposition parties to discuss a grand alliance against the BJP for the 2019 Lok Sabha election. In New Delhi on Monday. SUBRATA DUTTA there... financial emergency has started,” she alleged. Gandhi said there is consensus among opposition parties to work together to defeat the BJP and protect India's institutions. The meeting, held in Parliament annexe, came a day ahead of the results of the Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana and Mizoram Assembly polls as well as the winter session of Parliament. The opposition meeting was coordinated by Andhra Pradesh Chief Minister and TDP supremo N Chandrababu Naidu and a number of opposition leaders were invited. Besides Banerjee and Gandhi, former prime ministers Manmohan Singh and H D Deve Gowda, also a Janata Dal (Secular) leader, Sonia Gandhi, AAP convenor Arvind Kejriwal, DMK chief M K Stalin, NCP chief Sharad Pawar and National Conference supremo Farooq Abdullah. The others who took part Kushwaha quits NDA, govt; slams PM PRESS TRUST OF INDIA NEW DELHI/PATNA, 10 DEC NEW DELHI, 10 DECEMBER A Delhi court on Monday granted further 5-day remand of Christian Michel, the alleged middleman who has been chargesheeted in the graft-tainted AgustaWestland VVIP chopper deal, for his custodial interrogation by the CBI. He was produced before Special CBI Judge Arvind Kumar after the expiry of his five-day CBI remand. The probe agency sought nine days further remand of Michel for his custodial PTI interrogation. were Rashtriya Janata Dal (RJD) leader Tejashwi Yadav, CPI-M general secretary Sitaram Yechury, CPI leaders Sudhakar Reddy and D Raja, Loktantrik Janata Dal leader Sharad Yadav and Jharkhand Vikas Morcha's (JVM) Babulal Marandi. Top Congress leaders Ahmed Patel, A K Antony, Ghulam Nabi Azad and Ashok Gehlot were also present. On RBI Governor Urjit Patel’s resignation West Bengal CM and Trinamul Congress supremo Mamata Banerjee tweeted: “This has never happened before. This is unprecedented. We are deeply concerned. The RBI is the custodian of public money. The credibility of all institutions is being destroyed. This is a financial and economic emergency.’’ The BJP on Monday likened Rahul to 'Alibaba' for drawing money from an alleged 'scamster', Jignesh Shah, by renting out his Delhi farmhouse to him. RLSP president Upendra Kushwaha Monday severed ties with the BJP and resigned from the Union council of ministers, accusing Prime Minister Narendra Modi of reducing Cabinet to a “rubber stamp”, “betraying” backward classes and giving Bihar only “jumlas”. Making the announcement a day ahead of Parliament's winter session, the Rashtriya Lok Samta Party leader from Bihar said he is open to joining the opposition alliance, which includes Lalu Prasad's RJD and the Congress. Though the decision was expected, it did not go down well within his own party with both the RLSP MLAs in Bihar saying they would remain in the BJP-led NDA. Rashtriya Lok Samata Party (RLSP) chief and Union minister of state for human resource development, Upendra Kushwaha addresses a press conference to announce his resignation. SNS The Bihar BJP came out with a point by point rebuttal of the allegations levelled by Kushwaha, the former minister of state for HRD. Kushwaha sharply attacked Modi on a host of issues in his resignation letter, which was also released to the media. He said he felt “betrayed and dejected” by the prime minister's leadership and alleged that “fixing” political opponents and not working for the poor had become the government's priority. “We are aghast over Kushwaha's charge that he was being humiliated by the BJP . The BJP never treated him with disdain even after it had become apparent that he was losing grip over his own small party,” BJP Bihar unit vice-president Samrat Chaudhary said in Patna. “Despite having only three MPs, including himself, he was given a ministerial berth. His party underwent a crisis two years ago when he had to suspend one of his fellow MPs and one of his two MLAs,” Chaudhary said. Kushwaha also raised the planks of Other Backward Classes (OBC) and social justice used by the opposition to decimate the BJP in the Bihar Assembly polls in 2015 to target Modi. He alleged that the Modi-led government was implementing the RSS agenda and dubbed it unconstitutional. Stating that the charge is “laughable”, the BJP said the PM belongs to a backward class, President Ram Nath Kovind is a Dalit. Semi-finals to 2019 LS polls: Results for 5 states today SNS & PTI NEW DELHI, 10 DECEMBER Hectic political parleys marked the eve of counting of votes for five state assemblies, billed as semi-finals before the 2019 national polls, with the Congress asserting that the mandate from Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram on Tuesday would send a “clear message” against the Narendra Modi government at the Centre. Rejecting the exit-poll results, most of which have forecast gains for Congress in at least four states including a clear majority in Rajasthan, the BJP leaders said the final results should be awaited even as they sought to de-link the state polls from the next year's Lok Sabha elections. However, the stock markets reacted negatively with the benchmark Sensex plum- meting by over 700 points on Monday, tracking the exit poll results. On the other hand, opposition parties appeared emboldened with Upendra Kushwaha's Rashtriya Lok Samta Party quitting the ruling NDA (National Democratic Alliance) to join their ranks on a day when a number of nonBJP parties came together on a single platform in what was seen as their show of strength. In Telangana, AIMIM chief Asaduddin Owaisi met interim chief minister K Chandrashekar Rao to extend his support and said he was sure about the ruling TRS coming back to power, while the BJP also hinted at its possible support. The Congress-led alliance, however, appeared upbeat that it would get the mandate to dislodge KCR, as the chief minister is popularly known as, and form the next gov- Govt, Opposition face-off likelyas Parl session begins today NEW DELHI, 10 DECEMBER Prime Minister Narendra Modi presides over an all-party meeting, ahead of the Winter Session of Parliament, in the Capital on Monday. SNS ernment. It also told Governor ESL Narasimhan that it should be treated as a single entity in the event of no party getting a clear majority. For Madhya Pradesh, senior Congress leader Kamal Nath exuded confidence that his party would get at least 140 CMYK The Winter Session of Parliament beginning Tuesday is likely to witness a united opposition piling up pressure on the government on a plethora of issues like the exit of the RBI Governor, rumblings in the CBI and Rafale deal, while parties like Shiv Sena are set to make a renewed pitch for Ram temple in Ayodhya. The start of the session is coinciding with the counting of votes for Assembly polls in five states. PTI DETAILS INSIDE seats to form a majority government. Counting of votes for the five state assemblies would begin at 8 am on Tuesday and a clear trend is likely to emerge by afternoon. Exit polls have mostly forecast a tight-race between the ruling BJP and the Congress in Madhya Pradesh and neighbouring Chhattisgarh, while many of them have given a clear majority to the Congress against the ruling BJP in Rajasthan. For Telangana, exit polls have been divided between the TRS and the Congress-led opposition alliance. Same is the case for Mizoram where the ruling Congress is being challenged by its arch-rival in the state, Mizo National Front, while the BJP is also separately in fray. Ahead of the results, Congress president Rahul Gandhi said people will give a “clear message” in form of results for the five assemblies and exuded confidence that the BJP would be ousted in the 2019 Lok Sabha elections. Over 8,500 candidates were in fray in polls for these assemblies and their electoral fate is currently sealed in over 1.74 lakh EVMs, stored in over 670 strongrooms across the five states. A total of 678 assembly seats across five states went for polls, after polling was countermanded in one seat in Rajasthan due to death of a candidate. Tight security arrangements have been made for the counting, especially in Chhattisgarh where at least 12 assembly seats are in Naxal-affected areas. Besides, there have been allegations related to the electronic voting machines. These assembly elections are being seen as crucial for the BJP ahead of the Lok Sabha elections as it is in power in three of these states - Rajasthan, Madhya Pradesh and Chhattisgarh. The Congress is in power in Mizoram.
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