CBI is Probing the Role of Top Bankers in Vijay Mallaya Case

CBI is probing the role of top bankers in connection with the loans given by banks to Kingfisher Airlines Ltd (KFAL), promoted by Vijay Mallya.

The agency has written to the consortium that lent to Kingfisher Airlines and a few bankers, including the former chairman of a public sector bank, seeking information and documents. It has also summoned a few bankers for recording their statements, sources said.

The latest investigation was launched after a London court, which is hearing the Mallya extradition matter, asked Indian authorities to explain their case against some of the bankers as it observed that rules were being violated by Indian banks which sanctioned the loans to Kingfisher Airlines.

Apart from this, a report by the government’s fraud office has pointed to the role of bankers in allegedly helping Mallya secure loans despite the weak financials of Kingfisher Airlines. The report suggested that the Central Vigilance Commission, CBI and the Reserve Bank of India (RBI), should “look into the aspect of violations of lending norms, if any, by the banks”.

The investigations by the fraud office has alleged several lapses by the public sector lenders of Kingfisher Airlines and the investment banking arm of a state-owned bank

or instance, the report said the Rs 8,000-crore Debt Recast Package (DRP) for Kingfisher Airlines prepared by the investment banking arm of a public sector bank in 2010 had a “number of shortcomings and flaws in respect of entire preparation of DRP financial projections” and “processing of the proposals by the lending banks.”

It said the DRP “did not carry out any independent viability study of the (financial) projections to ensure that the projections were realistic, just and achievable” and that “the banks also did not critically analyze and consider the various remarks made by the auditors in the audited financials of KFAL as at 31.03.2009” that could affect the financials of the airlines.

It said the investment banking arm of the public sector bank “did not do any due diligence on the valuation of the brand Kingfisher Airlines which was valued at Rs 4111.00 crore at the time of DRP and which formed part of more than 60 per cent of security value offered”.

“Political pressure was brought in to get the postponement of liquidation as well for DRP to be sanctioned. (The) DRP was pushed for consideration by banks at the insistence of top officials from GOI (Government of India) because of influence used by VJM (Vijay Mallya),” said the report.

The report also said that one of the state-owned bank sanctioned a loan of Rs 500 crore to Kingfisher Airlines even as the bank’s credit committee had “pruned down” the proposal for sanctioning the loan to Rs 300 crore. A higher loan was sanctioned to Kingfisher without “any reasonings/ rationale” as the then chairman of the bank “was committed to release Rs 500 crore on account of pressure of the officials of the Ministry of Finance,” the report alleged.

The serious fraud office report has cited another instance where bank documents were changed when a public sector bank lent money. According to the report, the copy of loan documents which were submitted to the probe agency did not have a repayment clause in it for a loan of hundreds of crores. However, it says, when the agency questioned the chairman of the credit committee of the bank, the person produced another copy of the document which had a repayment clause in it.

Kingfisher owes over Rs 9,000 crore to at least 17 lenders, including SBI, IDBI Bank, Punjab National Bank, Bank of India, Bank of Baroda and United Bank of India. Mallya has already been declared as a proclaimed offender by a Prevention of Money Laundering Act, (PMLA) Court. Mallya is currently in the UK battling his extradition.

India Refuses to Endorse BRI

More than a year after boycotting the Belt and Road Forum in Beijing, India Sunday again refused to endorse the ambitious Chinese Belt and Road Initiative (BRI). New Delhi was the lone dissenting voice against the project in the joint declaration that was signed Sunday following the conclusion of the Shanghai Cooperation Organisation (SCO) summit in Qingdao, China.

This was a reiteration of the stated Indian position, which was articulated at the SCO Foreign Ministers meet in April. At the time, the SCO declaration had not named India as one of the supporters of the BRI.

Prime Minister Narendra Modi laid the ground for India’s opposition to the project during his plenary speech when he said that India welcomed connectivity projects that respected the sovereignty and territorial integrity of nations.

After the two-day SCO summit, the eight full members signed the Qingdao joint declaration but India was missing from the section that referred to the BRI. “The Republic of Kazakhstan, the Kyrgyz Republic, the Islamic Republic of Pakistan, the Russian Federation, the Republic of Tajikistan, and the Republic of Uzbekistan reaffirm their support for the ‘Belt and Road Initiative’ proposed by China and affirm that all parties should implement the ‘Belt and Road Initiative’ to promote the ‘Belt and Road’ initiative,” stated the declaration.

The BRI, proposed by Chinese President Xi Jinping in 2013, is aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes. India has staunchly opposed the project citing the China Pakistan Economic Corridor (CPEC) – an important part of the BRI – that goes through Pakistan-occupied Kashmir (PoK). Citing its opposition to the CPEC, India had skipped the Belt and Road Forum in May last year, which 29 state heads had attended.

“Connectivity in SCO region and in our neighbouring countries is a priority for India. We welcome such new connectivity projects that are inclusive, sustainable and transparent and which respect the sovereignty and territorial integrity of nations,” Modi said in his address during the plenary session of the SCO summit Sunday.

In the 17-page Qingdao declaration, the BRI was the only point in which the names of approving countries were individually mentioned rather than the term “member states”.

The Qingdao declaration that was signed by the member countries also seemed to address the concerns of both India and Pakistan in thefight against terrorism. The declaration was unequivocal in condemning all forms of terrorism but also added that interference in the domestic affairs of other states on the pretence of fighting terrorism and extremism was unacceptable.

 

“The Member States note that the interference in the domestic affairs of other states under the pretence of combating terrorism and extremism is unacceptable, as well as the use of terrorist, extremist and radical groups for one’s own purposes,” stated the declaration.

In his speech, Modi also mentioned Afghanistan and spoke of a common front against forces destabilising the nation. Indian efforts to help and start capacity building projects in Afghanistan has been taken kindly by Pakistan and the Taliban.

“The situation in Afghanistan is an unfortunate example of terrorism and extremism in our region. I hope that all parties will respect the sentiments with which President Ghani has taken courageous steps for peace. It is our responsibility that causes which threaten Afghan unity, sovereignty, integrity, diversity and democracy in the past will not be repeated,” he said, without mentioning Pakistan.

Modi did, however, exchange pleasantries with Pakistani President Mamnoon Hussain twice, during the plenary session and later at the concluding session when the two leaders shook hands.

Modi also coined another acronym SECURE, which he said would facilitate comprehensive security in the SCO region. “I believe there are six dimensions summed up in the English word secure. S stands for the security of citizens, E for economic development for all, C is for connecting the region, U is for uniting our people, R is for respect for sovereignty and territorial integrity and E is for environmental protection,” he said.

Referring to mutual cooperation and improving people to people contact, Modi said that the number of foreign visitors from SCO countries constituted only six per cent of India’s total tourists, which he believed could easily be doubled to 12 per cent. He said India soon planned to organise a food festival of cuisines of SCO countries as well as a shared Buddhist heritage exhibition in India.

Meanwhile, the other joint documents that were adopted by all the member countries included the joint prevention of radicalisation of youth, the programme for combating terrorism, separatism and extremism 2019 to 2021, MoUs within the SCO for MSMEs, trade facilitation, tourism, environment protection, prevention of abuse of narcotic and psychotropic drugs and an anti-drug strategy.

The PM also held bilateral meetings with the leaders of Kazakhstan and Kyrgyzstan.

Chinese President Xi Jinping who chaired the SCO meet said that while hegemony and power politics still persist in this world, there was a growing call for a more just and equitable international order which must be heeded.

“We should promote open and inclusive cooperation for win-win outcomes. We should reject self-centered, short-sighted and closed-door policies. We should uphold WTO rules and support the multilateral trading system so as to build an open world economy,” Xi said during the Plenary session.

He also said that China would provide RMB 30 billion ($4.7 billion) in loans under a framework formed by SCO countries.

This is India’s first participation in the summit as a full-time member of the organisation. India, along with Pakistan, became full-time members during the Astana summit in Kazakhstan in June 2017. The PM flew out of Beijing on Sunday afternoon concluding his two-day visit.

The declaration also showed its support for the Iranian nuclear deal. Iran is presently an observer member of the SCO. Iran’s President Hassan Rouhani who attended the meet had slammed US attempts to impose its own policies on others during his speech.

“The member states deem it important to consistently implement the Joint Comprehensive Plan of Action on the Iranian nuclear programme, and call for participants to strictly observe their obligations with a view to ensuring its full and efficient implementation and promoting peace and stability in the region and globally,” the declaration said.

Rs. 46.66 Crores of Farmers Waved Off in Mohali

MOHALI:

The sub-registrar of cooperative societies, Amarjit Singh, has said that debt relief amounting to Rs 46.66 crore has been provided to aid as many as 5,070 farmers of Mohali distt.

He added that in the first phase, the farmers with land up to 2.5 acres have been covered. “Verification of 1,470 farmers having land up to 2.5 acres is under process and debt of up to Rs 2 lakh would be waived off,” Amarjit said. Any eligible farmer, who has not been covered under this scheme, could contact sub-registrar of cooperative societies.

Amarjit added that Punjab Government under the leadership of chief minister Captain Amrinder Singh is the first government in the country that is waiving off loans up to Rs 2 lakh.

This farm loan waiver scheme will provide a big relief to the debt-ridden farmers and help them strengthen their financial stature. He assured that the process would be pursued with complete transparency.

Endorsing the claim, farmer Naib Singh, a beneficiary of Punjab government’s loan waiver scheme, said, “Captain Amrinder Singh has given a big relief to farmers who are facing financial crisis.”

Naib said that he had taken a loan of Rs 1.10 lakh from a cooperative bank, which would now be waived off. He said that the previous governments had promised to support the farmers, but nothing was done.

“The state government has given a big support to the farmers in the form of debt relief,” he said. Talking about the condition of agriculture in Punjab, he said the traditional crops were not beneficial because the input cost was higher than output.

2 Drug Peddlers With 5 Kg Charas Arrested

CHANDIGARH:

TheNarcotics Control Bureau(NCB) arrested two drug peddlers, including a woman, with 5 kg charas from ISBT, Sector 43 on Sunday morning. The woman had come to the city from Manali to supply contraband to another accused when the NCB arrested them with the contraband. They will be produced in a local court on Monday.

Kuldeep Sharma, suprintendent, NCB said the accused has been identified as Shakuntala Devi, 53, a resident of Manali and Noor Khan, 58, a resident of Kolkata. Sharma said they acted on a tip-off from an informer, who said Shakuntala used to come to ISBT-43 to deliver contraband to a smuggler.

NCB officials laid a trap near ISBT-43 on Sunday morning. Shakuntala stepped out of a Himachal bus with luggage in her hand at around 8am. Noor Khan was waiting for her. When she handed the bag over to Noor khan, NCB sleuths overpowered them. NCB sleuths searched the bag and found 4.960 Kg charas. The contraband was seized and the accused were arrested under the NDPS act.

During investigations, NCB officials said Noor Khan told them he paid Rs 4 lakh to the woman for the contraband two days ago. Khan used to come to the city to take delivery from Shakuntala every month and they met at ISBT-43. After the transaction, Noor Khan would go back to Kolkata and sell the drugs there.

Khan also spent a few years in Iraq, where he worked as a cook.

PU conducting BEd enterence for GNDUand Pb.U on July5

CHANDIGARH:

Panjab University is holding entrance test for admission to BEd in various state colleges affiliated to Guru Nanak Dev University, Amritsar, Punjabi University, Patiala, and Panjab University, Chandigarh, on July 5.

The entrance test for PU-affiliated colleges in Chandigarh is also conducted by the university and follows a different schedule.

The last date for submission of information along with applications form to pursue BEd in colleges affiliated to PU in Punjab (does not include Chandigarh colleges), Guru Nanak Dev University, Amritsar, and Punjabi University, Patiala, is June 20.

“For BEd colleges in Panjab, online counseling will be conducted unlike Chandigarh colleges. There will be two counseling sessions for admission to colleges in Punjab,” said Jatinder Grover, coordinator of BEd admissions at PU.

The minimum qualifying marks in CET will be 25% for general category candidates and 20% for SC/ST candidates. There will be two counseling sessions for admission.

The allocation of colleges will be done through online counseling only. The shifting of seats will be allowed during the second counseling. As many as 62 colleges of education are affiliated to Panjab University, 102 colleges are affiliated to Punjabi University, Patiala, and 51 are affiliated to Guru Nank Dev University, Amritsar.

For the education colleges in Punjab, 85% seats will be reserved for the candidates from within Punjab and 15% seats will be open for candidates of other states/UTs on the basis of merit of CET prepared on all-India basis excluding Punjab. The tentative date for commencement of regular classes is August 6, 2018.

Akhilesh With Bua to Keep BJP away from Power

Lucknow:

Former Uttar Pradesh chief minister and Samajwadi Party president Akhilesh Yadav has said that his party is willing to play second fiddle to BSP in order to ensure BJP’s defeat in the 2019 Lok Sabha elections.

Akhilesh, who was in Mainpuri on Sunday to unveil the statue of a former pradhan in Jaurai village of the district, said his party was willing to make a compromise and contest fewer seats if it helped to ensure BJP’s rout in the general elections next year.

“We have an alliance with the BSP and it will continue. If we have to sacrifice 2-4 seats to ensure BJP’s defeat, we will not back out,” he said.

Claiming that the prepoll Grand alliance which won the recent bypolls in UP will continue in future too, Akhilesh said, “Our motive is to win elections against BJP and for this we are ready to ally with BSP.”

Akhilesh announced that toll tax on Agra-Lucknow expressway will be “removed” for farmers if SP wins in the state.

In a scathing attack on UP chief minister Yogi Adityanath, the SP chief said the BJP lost every seat where Yogi campaigned during the recent bypolls.

“BJP lost the last four bypolls in UP to a united opposition. They lost the crucial Kairana LS and Noorpur assembly bypolls recently.”

Earlier, they had lost bypolls in Gorakhpur, which was Yogi’s seat, and Phulpur, which was held by his deputy, Keshav Prasad Maurya.

In BSP’s national executive held last month, Mayawati had said she would ally with other parties only if her party gets “a respectable number of seats”. As her remark caused confusion among her party’s cadres as well as those of SP at the ground level, BJP workers in west UP, as a last-ditch effort to win the bypolls, were seen circulating Mayawati’s message among Dalits and trying to convince them to vote for BJP.

Earlier, there had been signs of souring ties when SP failed to ensure victory for BSP’s lone candidate in the Rajya Sabha elections after the Gorakhpur and Phulpur byelections.

While BJP had tried to “warn” Mayawati against trusting Akhilesh, she had lashed out at the ruling party, saying it would not make any difference to the “closeness” between the two parties. “As secular forces are uniting, communal forces like BJP and RSS are becoming increasingly worried,” Mayawati had said.

 

‘इंडियन फिल्‍म्‍स इज ऑल अबाउट हिप्‍स एंड बूब्‍स’ : प्रियंका चोपड़ा

हाल ही में प्रियंका ने मीडिया से बातचीत में बॉलीवुड पर टिप्पणी की, जिसे लोगों ने बेहद शर्मनाक बताया.

नई दिल्ली: 

अभी बॉलीवुड एक्ट्रेस प्रियंका चोपड़ा ‘क्वांटिको’ विवाद से पूरी तरह बाहर भी नहीं आई है और वह फिर से एक और विवाद में घिर चुकी हैं. हाल ही में प्रियंका ने मीडिया  से बातचीत में बॉलीवुड पर टिप्पणी की, जिसे लोगों ने बेहद शर्मनाक बताया. जिसका एक वीडियो सोशल मीडिया पर काफी वायरल हो रहा है. वीडियो में एक जर्नलिस्ट को प्रियंका बताती हैं, ‘इंडियन फिल्‍म्‍स इज ऑल अबाउट हिप्‍स एंड बूब्‍स’. प्रियंका के इस बयान के बाद लोगों ने उन्होंने ट्रोल करना शुरू कर दिया है.

एक तरफ जहां लोग इस बयान को शर्मनाक करार दिया. वहीं दूसरी ओर लोगों ने कहा कि लगता है प्रियंका यह भूल चुकी हैं कि वह बॉलीवुड से फेमस हुई है न कि हॉलीवुड से. जाहिर सी बात है प्रियंका के इस विवादित बयान से बॉलीवुड अभिनेत्रियों को काफी दुख हो सकता है. साथ ही साथ उन्हें गुस्सा भी आ सकता है. बता दें, इससे पहले प्रियंका चोपड़ा अपने हॉलीवुड टीवी शो ‘क्वांटिको’ के सीजन 3 के एक एपिसोड को लेकर सोशल मीडिया पर काफी ट्रोल की जा रही थीं. दरअसल, शो के एक एपिसोड में भारतीय राष्ट्रवादियों को आतंकी बताया गया था जिसके बाद से ही प्रियंका को सोशल मीडिया पर आलोचनाओं का सामना करना पड़ रहा था

जिसके बाद प्रियंका ने इस मुद्दे पर ट्वीट किया और कहा कि, “मैं बहुत दुखी और शर्मिंदा हूं कि क्वांटिको के एक विवादित एपिसोड से कई लोगों की भावनाओं को ठेस पहुंची है. मेरा मकसद कभी भी किसी की भी भावनाओं को ठेस पहुंचाना नहीं था. मैं माफी मांगती हूं. मुझे भारतीय होने पर गर्व है.”

बता दें, इससे पहले क्वांटिको के निर्माताओं ने माफी मांग थी. एबीसी नेटवर्क ने यह माफी क्वांटिको के उस एपिसोड के लिए मांगी थी, जिसमें आतंकी हमले के पीछे भारतीय राष्ट्रवादियों के होने की बात कही गई थी. गुरुवार को एक ट्वीट के जरिए एएनआई ने इसकी जानकारी दी थी. अपने ट्वीट में एएनआई ने लिखा था, ‘क्वांटिको’ के एपिसोड को बहुत ज्यादा इमोशनल रिएक्शन मिले हैं और उनमें से ज्यादातर प्रियंका चोपड़ा पर किए गए हैं लेकिन प्रियंका का इसमें कोई हाथ नहीं है क्योंकि न ही उन्होंने शो बनाया है और न ही शो लिखा या डायरेक्ट किया है. इस वजह से ऐबीसी नेटवर्क हिंदुओं से क्वांटिको में हिंदुओं को आतंकी कहे जाने के लिए माफी मांगता है. आपको बता दें कि शो में प्रियंका एफबीआई एजेंट की भूमिका निभा रही हैं.’

P M L-Nawaz has turned Balochistan into ‘Pathanistan’: Zafarullah Khan Jamali

 

QUETTA: 

Former prime minister Zafarullah Khan Jamali has lamented deposed PM Nawaz Sharif’s policies towards Balochistan, saying the Pakistan Muslim League-Nawaz government has turned Balochistan into ‘Pathanistan’.

“I had told Sharif that we can’t walk with people whose forefathers opposed creation of Pakistan, but my words and concerns were ignored by him,” said senior politician Jamali while filing his nomination papers in the returning officer’s office in Dera Murad Jamali on Saturday.

Fareedullah Khan Jamali, Khan Muhammad Jamali, Aurangzeb Jamali and other family members and supporters accompanied Jamali.

Jamali said, “Back in 2015, I had suggested Sharif to change his team otherwise his party would vanish from Balochistan in 2018. He didn’t take my words seriously at that time and tried to impose Pashtun decisions on the Baloch, which has turned Balochistan into Pathanistan.”

On upcoming elections, the former prime minister said, “In Pakistan, we have rare examples of free and fair elections. During Yahya Khan’s tenure in Marri and Bugti areas, turnout of voters had reached more than 100,000 while at that time the population was nearly 66,000.

On the recent announcement of joining Pakistan Tehreek-e-Insaf (PTI), Jamali said, “Imran Khan and I have been good friends for years. Imran is a junior politician in front of me. I haven’t joined PTI but have allowed my sons to shake hands with Imran.”

PU CET (PG) Entrance Test Conducted

Panjab University, Chandigarh conducted first phase of the PU CET (PG) Entrance Test – 2018 on 10.6.2018 (Sunday) for admission to the following courses.  Total 07 centres were created, four at the Panjab University Campus, Chandigarh and one each at Hoshiarpur, Ludhiana and Muktsar.

Total 85.88%  candidates appeared in the first phase of the test.  Flying squad and observers were sent to every centre for routine checking and smooth conduct of the test. The test was conducted satisfactorily and no untoward incident was reported from any of the examination centres.

हूडा अनपढ़ हैं : अनिल विज

 

गौरतलब है कि पत्रकारों से बातचीत के दौरान खेल नीति के सवाल पर अनिल विज ने कहा कि हुड्डा तो अनपढ़ों वाली बातें करते हैं। खेल नीति का कानून हुड्डा के समय भी था, अगर हुड्डा को इसके बारे में नहीं पता तो क्या कर सकते हैं।

बता दें कि हाल ही में हुड्डा ने रोहतक में कहा था कि खिलाड़ियों की आमदनी का हिस्सा स्पोर्ट्स काउंसिल में जमा करवाने के नोटिफिकेशन जारी करने और खिलाड़ियों को बार-बार अपमानित करने के लिए मुख्यमंत्री और खेल मंत्री माफी मांगें। इसी के जवाब में विज ने हुड्डा को अनपढ़ करार दिया है।

वहीं हुड्डा के दिए गए बयान कि INLD का असली गठबंधन तो BJP से है  पर तंज कसते हुए विज ने जवाब दिया कि हुड्डा कलर ब्लाइंड हैं, उन्हें किसी पार्टी के मतभेद नज़र नहीं आते। उन्हें नहीं पता कि कौन-सी पार्टी क्या है ।

साथ हा कांग्रेस के राष्ट्रीय अध्यक्ष राहुल गांधी द्वारा अपनी पार्टी में चलाए गए एक सीट एक उम्मीदवार के अभियान पर विज ने चुटकी लेते हुए कहा कि राहुल पहले अपने उन सहयोगियों से पूछ लें, जिनके साथ आजकल मेल-जोल कर रहे हैं कि क्या वे इस सिंद्धांत को मानेंगे ।

वहीं अभय चौटाला और पूर्व उप-मुख्यमंत्री चंद्रमोहन की मुलाक़ात पर भी विज कटाक्ष करने से नहीं चूके और कहा कि हरियाणा की राजनीति में इससे कुछ फर्क नहीं पड़ेगा, दोनों ही चले हुए कारतूस हैं।

इसके अलावा पूर्व राष्ट्रपति प्रणव मुखर्जी के RSS के कार्यक्रम में जाने व उनकी तस्वीर से छेड़छाड़ करने पर विज ने नाराजगी जाहिर करते हुए कहा कि जिसने भी उनकी तस्वीर के साथ-साथ छेड़छाड़ की है, ये बहुत गलत किया है, जिसकी वे निंदा करते है ।