LATE CITY PUNE, THURSDAY JULY 25, 2013 20+6 (NEWSLINE) PAGES Rs. 3.00 TheIndianEXPRESS JOURNALISM OF COURAGE DAILY FROM: AHMEDABAD I CHANDIGARH I DELHI I KOLKATA I LUCKNOW I MUMBAI I NAGPUR I PUNE I VADODARA Edit & Op-ed BEIJING AND THE BUBBLE T alk A Night of Excellence IN THE NEWS N E W S L I N E PA G E 6 IndianExpress.com twitter.com/IndianExpress NATIONAL NETWORK PAGES 10, 11 Modi visa: Yechury, others deny signing petition to Obama (P6) by Minxin Pei ■ GROWTH, NOT SUBSIDY, HAS RESULTED IN POVERTY REDUCTION facebook.com/IndianExpress IndianExpress.com/Apps PAGE 18 Sport Skipper Kohli’s 115 takes India to 6-wkt win over Zim PUNENewsline ● POTHOLES HIT PUNE IN THE FACE; OFFICIALS SAY BLAME IT ON RAIN ● NEWLY-WED COUPLE FOUND DEAD IN HINJEWADI CHAWL Tough norms to be axed to woo elusive retail FDI Day before key SC hearing in case against ex-ED official, CBI drops its lawyers Ashok Aggarwal faces major corruption charges; Gopal Subramanium and Dayan Krishnan had opposed his reinstatement; CBI took decision ‘at the behest of DoPT’ MANEESH CHHIBBER, RAHUL TRIPATHI & UTKARSH ANAND NEW DELHI, JULY 24 IN a development that could lead to uncomfortable questions for the UPA government and the Central Bureau of Investigation (CBI), the probe BECAUSE YOU care agency Wednesday decided to replace its lead lawyers in an ongoing case in the Supreme Court against former Enforcement Directorate (ED) deputy director Ashok Kumar Aggarwal, who has been accused of corruption. Both the lawyers — former solicitor general Gopal Subramanium and advocate Dayan Krishnan — have been appearing in the case for nearly a decade. The surprise decision, taken the day before a crucial hearing in the apex court on Thursday, means that AttorneyGeneralGoolamEVahanvati will appear for the CBI. EXPRESS NEWS SERVICE NEW DELHI, JULY 24 THE performance of present Reserve Bank of India (RBI) Governor D Subbarao in managing the monetary policy has been one of the worst in the history of the bank, according to Arvind Panagariya, professor of economics at Columbia University. “I am afraid...this is one of the worst eras of performance EXPRESS CITIZENS’ RELIEF FUND All contributions are eligible for tax deduction under Section 80G. Please mention your address, including PIN code, phone number and Permanent Account Number (PAN) so that we can send you your tax-exemption certificates. YOU MAY SEND YOUR CHEQUES PAYABLE TO: The Indian Express Citizens’ Relief Fund, The Indian Express, Express Building, 9 &10 Bahadur Shah Zafar Marg, New Delhi 110002 CONTRIBUTIONS CAN ALSO BE MADE ONLINE. Visit www. indianexpress.com /citizenrelieffund QUICK TAKES Midday meal deaths: Principal arrested PATNA: A week after 23 children died after consuming the lunch served in their government school in Gandaman village, police Wednesday arrested school principal Meena Devi who had gone missing since the tragedy. P 9 Business as Usual By UNNY ARVIND PANAGARIYA WALK TALK EXPRESS NEWS SERVICE MUMBAI, JULY 24 A SESSIONS court in MumbaionWednesday framed fresh charges HIT-&-RUN CASE against actor Salman Khan in a 2002 hit-andrun case. Khan faces trial under the enhanced charge of Section 304 (II) of the Indian Penal Code for culpable homicide not amounting to murder, Salman Khan as against Section 304- leaves a court in A for causing death by Mumbai on negligence,forwhichhe Wednesday. PTI was initially booked. The actor, however, pleaded not guilty. If found guilty, Khan faces a maximum sentence of 10 years. He was earlier booked under themorelenientchargeofcausingdeathbynegligence, the maximum imprisonment for which would have been three years. On September 28, 2002, Khan’s Toyota Land Cruiser had rammed into a bakery in suburbanBandrakillingoneandinjuringfourothers who were sleeping on a pavement. EXPRESS NEWS SERVICE 2002 NEW DELHI, JULY 24 THE CBI has announced a reward of Rs 5 lakh for credible information on the “real identities” of Zeeshan Johar and Amjad Ali Rana, who were killed with Ishrat Jahan and Javed Sheikh in an alleged fake encounter in 2004. In an advertisement published in Urdu papers of Jammu and Kashmir, the agency said: “The two persons in the pictures above are said to have been killed in an encounter with police in Ahmedabad, Gujarat, on June 15, 2004... If anyone provides the real identity of these persons or substantial information about them, they will be given a cash reward of Rs 5 lakh.” Confirming this, CBI spokesperson Dharini Mishra said the identity of the person who volunteers information will be kept confidential. The Gujarat Police had claimed that Johar and Rana were Pakistani citizens who had come to India to kill VIPs, including Chief Minister Narendra Modi. On July 8, The Indian Express had reported that the CBI was probing their nationality. » RELATED REPORT, PAGE 2 Kerala royal family gets Rs 23,000 a year for Lakshadweep, wants more SHAJU PHILIP S K MOHAN THIRUVANANTHAPURAM, JULY 24 T HE original owners of the Lakshadweep Islands have demanded a higher compensation from the government, if not the islands themselves. Their ancestors, the only Muslim royal family in Kerala, had signed over the islands to the British a century ago at a malikana of Rs 23,000 a year, and it has remained that much since. From 1545 to 1819, the islands of Androth, Kavaratti, Agathi, Minicoy and Kalpeni were in the possession of the Arakkal family, which ruled the 1 The Arakkal palace in Kannur North Kerala coast and is based in Kannur. In 1908, when the family signed the final deal with the British, the price of gold was Rs 3.30 per sovereign, says the current generation. “If you look at the present gold prices, we are entitled to Rs 13 crore a year as compensation. The royal family feels insulted at the pittance being paid,’’ says Adi Raja Muhammed Rafi, son of current royal head Sainaba Aysha Beevi. The family followed a matriarchal system of rule. Rafi says the family of 150 is struggling to finance its royal rituals and maintain its infrastructure, which includes four mosques. A royal trust has been formed to fight for the demand for a higher malikana. Rafi says the family is mobilising public opinion as the Centre has not responded to a petition it sent. Last month, the Kerala government decided to give a monthly pension of Rs 2,500 each to 826 members of the Kozhikode-based Zamorin royal family. The Zamorins had ruled the Malabar coast for several centuries. CABINET NOTE ❚ Move also aims at parity among cities, to protect small industries PRIYADARSHI SIDDHANTA CONTINUED ON PAGE 2 by the RBI governor,” Pana- when he was the environment gariya said in an interview to minister, Jayanthi Natarajan, The Indian Express Editor-in- thecurrentenvironmentminisChief Shekhar ter, and Congress Gupta for NDTV’s president Walk The Talk proSonia Gandhi. the gramme. He also said According to that he “provoked” Panagariya, the Nobel laureate RBI’s errors com- ARVIND PANAGARIYA Amartya Sen to a Economist pounded the break debate on India’s in the growth “moeconomic model. mentum” of the economy, Panagariya said the RBI CONTINUED ON PAGE 2 caused by Jairam Ramesh Salman charged CBI announces with culpable reward for info homicide on duo killed with Ishrat CONTINUED ON PAGE 2 PAGE ANCHOR Department of Personnel and Training (DoPT), which also recommended that the AG be asked to appear for the agency before the bench headed by Justice B S Chauhan. DoPT is the administrative department in charge of the CBI. Subbarao’s tenure ‘worst era of performance by RBI governor’, says economist Panagariya To help the people in Uttarakhand’s disaster zone pick up the pieces, The Indian Express has set up a Relief Fund. We will keep you posted on how your contribution is making a difference. Subramaniam and Krishnan were informed of their ouster from the case late on Wednesday evening by senior CBI officers. Vahanvati too was informed. Sources told The Indian Express that the CBI took the decision to drop the two lawyers at the behest of the NEW DELHI, JULY 24 I N A fresh bid to attract global multi-brand retail companies to the country, the government has decided to relax norms for FDI in the sector, including dropping the condition that such firms can open shop only in cities with a population of at least 10 lakh. A Cabinet note moved by the department of industrial policy and promotion (DIPP) has also proposed to ease norms about sourcing from small-scale enterprises and the investment criteria for back-end infrastructure. The government hopes the sops will finally spark investments as no company has even applied for permission since it allowed 51 per cent FDI in multi-brand retail last September. The department has argued that since states or union territories which do not have a city with a population of 10 lakh are not subject to the restriction that foreign multibrand retail firms can set up shop only in cities of that size, or larger, states which have cities with a population of 10 lakh or more should also get the same opportunity. “Retail sales outlets may be set up only in cities with a population of more than 10 lakh as per the 2011 Census or any other cities as per the decision of the respective state government,” says the DIPP’s revised Cabinet note on FDI in CONTINUED ON PAGE 2 RELAXING NORMS RESTRICTION on opening multi-brand retail stores in cities with population less than 10 lakh dropped. Global retailers can now set up shop anywhere. STIPULATION that 30% of procurement must be from Indian “small industries” with total investment of less than $ 1 million, revised to include “medium-scale industries with a total investment not exceeding $ 2 million”. REQUIREMENT that foreign partners must spend 50 per cent of their investment in back-end infrastructure is now only for the first $100 million brought in by them, not for their total investment.
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