TheIndian EXPRESS LATE CITY, 20 PAGES, KOLKATA `4.00 (`12 IN NORTH EAST STATES & ANDAMAN) ● WEDNESDAY, FEBRUARY 7, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE SENSEX RECOVERS AFTER LOSING 1275 PTS, WALL STREET REVIVES Global crash has market tottering, Rs 2.7 lakh crore wiped out in a day Fall not due to new capital gains tax: Finance Secy ENS ECONOMIC BUREAU MUMBAI, FEBRUARY 6 B-SCHOOLS IN MUMBAI CU reverts to old rules, failed students to get new marksheets STOCK MARKETS in India and across the world tumbled Tuesday after steep losses on Wall Street slashed the Dow Jones industrial average by 4.6 per cent, its biggest loss in six-and-half years. As the Sensex sunk by 1,275 points at one stage, amid lingeringconcernsovertheRBI’smonetary policy to be announced Wednesday, an estimated Rs 2.7 lakh crore of wealth was wiped out in the day’s session. The benchmark managed to recover partially and close with a loss of 561 points at 34,195.94. By late Tuesday, the battered Dow Jones also showed signs of stabilising with the index staging an intra-day rally of around 600 points at one stage before giving up the gains in volatile trading.By11.45pmIST,theDow was up by 93 points, or 0.38 per cent, at 24,438.88. Earlier, as investors fretted over rising bond yields and the interest rate hike in the US, the Dow suffered its worst fall by points in history, wiping out all its gains this year. ENS ECONOMIC BUREAU NEW DELHI, FEBRUARY 6 DECODING BUDGET Rajiv Kumar, NITI Aayog Vice-Chairman , with The Indian Express National Editor (Policy) Shaji Vikraman and National Bureau Chief Ravish Tiwari in Mumbai, Tuesday. Prashant Nadkar PAGE 13 Collegium nod for HC judge’s elevation: Govt In UP, 33 test HIV-positive after single syringe may ask SC to rethink fake doctor usespromised ‘magic cure’ for Rs 10 Hunt for Unnao quack who Many senior to Uttarakhand CJ, say officials; he quashed President’s rule Uttarakhand High Court Chief Justice K M Joseph NEW DELHI, FEBRUARY 6 SANTANU CHOWDHURY KOLKATA, FEBRUARY 6 DAYS AFTER a record number of Calcutta University (CU) students failed to clear Part I BA and BSc examinations under new rules that came into force last year, university authorities on Tuesday decided to go back to the old examination rules “for thisacademicsession”,andpublishfreshresultsof studentswho have failed. The university’s decision is seen as a result of West Bengal Chief Minister Mamata Banerjee’s intervention —- on February 2, she had asked state Education Minister Partha Chatterjee to look into the issue. In results announced on January 25, the pass percentage for BA Part I (Honours and General) was 43, and 71 for BSc (bothstreams)—-against69and 75 per cent, respectively, last year. Students had blamed the change in rules for the poor results. Following a much-awaited meetingof theCUSyndicate,the university’s highest decisionmaking authority, ViceChancellor Sonali Chakraborty Banerjee said on Tuesday, “We havedecidedtorestorethe2009 (examination)regulationforthis academic session to offer a natural justice to students. We will notify the date from when the 2016 regulations will come into effect.” “Asof now,theoldregulation willbeputinplace.Wewillonce CONTINUEDONPAGE2 BUSINESS AS USUAL BY UNNY “While the concern over the LTCG (long-term capital gains) tax continues, the correction on Tuesday was driven more by a spike in global bond yields,” said Vaibhav Agrawal, head of research, Angel Broking. “There were precautionary calls for early margins but that was more CONTINUED ON PAGE 2 WASHED SYRINGE WITH WATER AFTER EACH USE RAVISH TIWARI The move followed CM Mamata Banerjee’s intervention. Partha Paul THE CONTINUING fall in stock markets is linked to a global selloff andnotthelevyof LongTerm Capital Gains (LTCG) tax, which was reintroduced in this Budget after a gap of 14 years, according to Finance Secretary Hasmukh Adhia. Adhiaalsosaidthatitwasnot a good idea to leave one class of assets completely out of the tax net as that would lead to people parking funds in an asset where there is no tax incidence. Speaking at a post-Budget meet held by PHD Chamber of CommerceandIndustryTuesday, the Finance Secretary warned that rise in asset valuations not backed by fundamentals is a potentialriskforinvestors,particularly small investors. CONTINUED ON PAGE 2 UTTARAKHAND HIGH Court Chief Justice K M Joseph’s elevation to the Supreme Court was recommended by the Collegium almost a month ago. But The Indian Express has learnt that the government, citing “disregard for seniority and regional representation”, may consider returning the recommendation to the Collegium for “reconsideration”. Incidentally, it was a bench headed by Chief Justice Joseph which, in April 2016, left the Centre red-faced when it quashed imposition of President’s rule in Uttarakhand and revived the Congress governmentof HarishRawat,directing him to prove his majority on the floor of the House. On January 10 this year, the five-member Collegium, com- prising Chief Justice of India Dipak Misra and Justices J Chelameswar, Ranjan Gogoi, Madan B Lokur and Kurian Joseph, recommended Chief Justice Joseph’s elevation to the Supreme Court. It also approved the name of Senior Advocate Indu Malhotra for appointment as a judge of the Supreme Court — the first woman lawyer to be directlyelevatedto theSupreme Court from the Bar. Sources familiar with deliberations within the government on the latest recommendations of the Collegium said: “Are we going to give seniority and regional representation the go-by CONTINUED ON PAGE 2 MAULSHREE SETH BANGARMAU (UNNAO), FEBRUARY 6 FOR AT least a year, Rajesh Yadav wentfromhousetohouseacross threevillagesinUnnaoonhiscycle with the promise of “magic treatment” — an injection and teen puriya (three packets) — for just Rs 10. Yadav administered this “treatment” to at least 50 people a day but with the same syringe, washing it with water beforeinjectingthenextpatient. Locals in Bangarmau preferred his “treatment”, which they said was cheaper than government medicine, but the district health department has registered an FIR against Yadav. A recently concluded probe found at least 33 residents of these villages tested HIV positive and officialsbelieveYadav’sinjection with the same syringe caused a spike in infections over the last 10 months. All residents who tested HIV positive have been referred to The ‘clinic’ where Rajesh Yadav injected patients. Maulshree Seth the Anti-Retroviral Therapy (ART) centre in Kanpur. Unnao Chief Medical Officer (CMO) SP Chaudhary told The Indian Express that 33 HIV positive cases were identified in three health camps held on January 24, 25 and 26 in Premganj, Chakmirpur and Kirwidiyapur. 566 people were tested in the camps and, accord- ing to Chaudhary, 46 HIV cases werereportedfromtheregionin the last few months. The FIR was registered on January 31 by Dr Pramod Kumar Dohrey,MedicalSuperintendent of the Bangarmau Community Health Centre. Yadav is yet to be arrested. Dohrey said a spike in HIV CONTINUED ON PAGE 2 Militants kill 2 cops in Srinagar hospital, free LeT man NAVEED IQBAL SRINAGAR, FEBRUARY 6 TWO POLICEMEN were killed at Srinagar’s Shri Maharaja Hari Singh Hospital Tuesday after militants opened fire on a police team accompanying detainees fromtheCentralJailtothehospitalforamedicalcheck-up,police said. A top Lashkar-e-Toiba (LeT) commander, Naveed Jat alias Abu Hanzulla, escaped from policecustodyduringtheattack. DirectorGeneral,Jammuand Kashmir Police, SP Vaid told The Indian Express: “At least two or three militants were involved in the incident. We are maintaining high alert and we will go afterthemtillweneutralisethem.” The policemen killed were identified as Head Constable Mushtaq Ahmad from Kupwara in North Kashmir and Constable Babar Ahmad from Anantnag in the South. A senior police officer said all angles, “including whether there was an inside hand”, were being probed. “The detainees brought to the hospital were referred to different departments and were Policemen at the SMHS Hospital in Srinagar; militant Naveed Jat who fled. Shuaib Masoodi not together during the incident,” said the officer. Jat was with three policemen near the hospital’s OPD when militants opened fire. Jat, a resident of Chak No 421, district Vehari in Pakistan’s Multan was arrested in Kulgam in 2014 and was then LeT’s district commander and a close associate of Abu Qasim and Abu Dujana — both LeT Kashmir chiefs—whoweresubsequently killed by security forces. According to police records, Jat had joined LeT in 2011 and CONTINUED ON PAGE 2 Maldives crisis: India looks at sanctions, not boots on ground NIRUPAMASUBRAMANIAN &SHUBHAJITROY NEW DELHI, FEBRUARY 6 REACTING STRONGLY to the deepening crisis in Maldives, IndiaonTuesdaysaiditwas“disturbed” by the “state of emergency” imposed by President Abdulla Yameen and expressed “concern” over the arrests of Supreme Court Chief Justice Abdulla Saeed and former president Maumoon Abdul Gayoom. However,officialsourcestold The Indian Express that while the government is mapping out its nextsteps,sendingIndiantroops to the island nation is not an option. On Tuesday, Sri Lanka-based Maldivian Democratic Party opposition leader and former president Mohamed Nasheed tweeted a “humble” request to India, “to send an envoy, backed by its military, to release judges and political detainees”. ButsourcessaidNewDelhiis clear that this is “not going to happen”. CONTINUED ON PAGE 2 Former president Abdul Gayoom is taken into custody in Male. AP 10 THE EDITORIAL PAGE Why India must act now in Maldives By MOHAMED NASHEED International press award for Express Investigations Editor EXPRESS NEWS SERVICE NEW DELHI, FEBRUARY 6 THE PRESTIGIOUS International Press Institute India Award for Excellence in Journalism, 2017 has been awarded to Ritu Sarin, ExecutiveEditor(Investigations) of The Indian Express, for outstanding work in investigative journalism during her career. This is the fourth IPI India award forTheIndianExpressanditsjournalists. The award, comprising a trophy, citation and cash prize of Rs 2 lakh, will be presented to SarinbyJusticeRMLodha,former ChiefJusticeofIndia,atafunction inNewDelhionFebruary23,the Vienna-based institute’s India Chapter co-coordinator K S Sachidananda Murthy said in a press release Tuesday. Sarinhasbeenselectedforher “sustained work in investigation ofcrimes,politicalassassinations, terrorism cases, frauds and economic offences during her journalistic career, including leading The Indian Express investigation teamintotheIndianaccountsand account-holders mentioned in Ritu Sarin led the Express team on Panama Papers Panama Papers during 2016”. The Indian Express, in collaboration with the International Consortium of Investigative Journalists, had reported on Indians named in the Panama Papers, a trove of 11.5 million documents pertaining to 214,488 offshore entities linked to Panama-based law firm Mossack Fonseca. The team, comprising Sarin, National Affairs Editor P VaidyanathanIyerandAssociate Editor Jay Mazoomdaar, spent eight months investigating over 500Indiansnamedintheleaked CONTINUED ON PAGE 2 ● PAGE ONE ANCHOR NOT QUITE KHELO INDIA: ONLY 3 WRESTLERS IN ONE EVENT, ALL WIN VINAY SIWACH NEW DELHI, FEBRUARY 6 “MASS PARTICIPATION” and “promotion of excellence in sports” — these are the twin objectives of the Ministry of Youth Affairs and Sports behind the first Khelo India School Games(KISG),whichbeganhere on January 31. But last week, the 42-kg freestyle wrestling event for boys saw just three entries, ensuring a podium finish for all of them. In most other weight categories too — both boys’ and girls’ wrestling — there were onlyabout8-12participants.The boys’ 46-kg freestyle wrestling fared the best, with 16 participants. While KISG and the Wrestling Federation of India (WFI) blamed each other for the low turnout, former School GamesFederationof India(SGFI) president Satpal Singh said, “Khelo India is a very good scheme... To get the best results, it should be conducted responsibly... It ensures the future of a player, but we need to ensure that the player receives his money and there is no misuse.” Each discipline at the nineday event has a designated talent-hunt committee, which has been assigned the responsibility of picking the top two sportspersons who will each be entitled to a Rs 5-lakh annual scholarship for eight years. Khelo India CEO Sandeep Pradhan said the 42-kg boys’ event was reduced to a threeway race for gold, silver and bronzesincetheWFIdidn’thave time to hold fresh national championships. “WFIheldthenationalchampionships in March 2017. They sent us the list of participants, All categories in wrestling saw few participants but closer to our event, many of the wrestlers had moved up in weight. Since WFI did not have time to conduct fresh nationals, the category suffered,” he said. Asked why most of the other weight categories too had less than 12 wrestlers, Pradhan added: “Both SGFI and WFI told us that these are new weight categories introduced by the international federation, so sending wrestlers in those categories would be difficult.” The WFI, in turn, blamed the KISG, saying it didn’t allow participation of wrestlers approved by them. “WFI had sent the names of 136 wrestlers, but about 100 could not participate because KISG said we had delayed the list,” said WFI secretary general V N Prasood. On January 31, the first day of the event, many grapplers were turned away from the venue sincetheirnamesdidn’tfigurein the official KISG list of participants. Confusion over the last date for entries and lack of communication between KISG and WFI are seen as the primary reasons forthedepletedwrestlingdraws. Initially, the first of its kind CONTINUED ON PAGE 2
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