TheIndian EXPRESS LATECITY, 16 PAGES, JAIPUR, `4.00 ● WEDNESDAY, FEBRUARY 21, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE Crisis in Delhi: Chief Secy alleges assault by AAP MLAs at midnight meeting, party files complaint against him EXPRESS NEWS SERVICE Delhi Chief Secretary Anshu Prakash NEW DELHI, FEBRUARY 20 TRIGGERING A fresh crisis in the Aam Aadmi Party government in Delhi, Chief Secretary Anshu Prakash has alleged that he was assaulted by AAP MLAs at Chief Minister Arvind Kejriwal’s residence on Monday night, in the presence of the chief minister. Protestingagainstthealleged assault, staff members at the Delhi Secretariat reportedly heckled and assaulted Environment Minister Imran Hussain and senior AAP leader Ashish Khetan in the afternoon. Meanwhile,counteringthechief secretary’s charges, two AAP MLAs, Prakash Jarwal and Ajay Dutt, have alleged that he used casteist slurs against them. Thelatestcontroversycomes amonthafter20AAPMLAswere disqualified by the Election Commission of India. In a complaint to the AdditionalDCP,North,Harendra Singh, Prakash, who was appointedDelhichief secretarylast December, has alleged that he was called to Kejriwal’s residenceatmidnightonMondayto discuss the “issue of difficulty in release of certain TV advertisements relating to completion of three years of current government in Delhi”. According to Prakash, “around 11 MLAs/ persons were present” at the meeting. “The CONTINUED ON PAGE 2 BUSINESS AS USUAL BY UNNY Staff protest at the Delhi Secretariat Tuesday. Aniruddha Ghosal PNB SCANDAL PROMPTS PROBES Auditors flagged Choksi firm’s FEMA violations, loan defaults Govt probing whether ‘sundry debtors’ route was used to mask financial position of flagship firm Gitanjali Gems SUNNY VERMA & SUSHANT SINGH STELLAR DIAMOND SOLAR EXPORTS NEW DELHI, FEBRUARY 20 IN CONVERSATION Actor Tabu with The Indian Express Deputy Editor Seema Chishti at the Express Adda in New Delhi on Tuesday. Neeraj Priyadarshi 8 THE EDITORIAL PAGE Still Advantage I&B Ministry BY MRINAL PANDE IIM-Lucknow to stop support, IIM-Sirmaur seeks govt help RITIKA CHOPRA NEW DELHI, FEBRUARY 20 THE INDIAN Institute of Management (IIM)-Sirmaur (Himachal Pradesh) has asked the Centre to intervene and convince IIM-Lucknow to reverse its decision to withdraw academic support to the institute from the next academic session. In a letter to the HRD Ministry, IIM-Sirmaur director Neelu Rohmetra has urged the government to convince IIMLucknow to continue to lend its faculty to the institute. According to Rohmetra, IIMLucknow conveyed its decision to stop sending its teachers to Sirmaur in January this year. “I have reported the matter to the ministry and requested them to CONTINUED ON PAGE 2 Coal India monopoly ends, mines opened to pvt players ENS ECONOMIC BUREAU NEW DELHI, FEBRUARY 20 ENDING THE 41-year-old monopoly of state-owned Coal India Ltd, the Union Cabinet Tuesday announced its decision to open up the coal sector to commercial mining by private entities. This will allow power, cement and steel producers to source fuel more efficiently. The CIL, alongside another stated-owned company, is the only firm currently allowed to mine and sell coal. The rules, however,permitpower,steel,cement and aluminium companies to produce for their own captive use. The opening up of the sector is expected to usher in competition in coal supply, reduce coal importsandhelpstressedpower plants to attempt a turnaround through better fuel management. It comes at a time when 46 major thermal stations are facing “critical” stocks of less than seven days, as per official data for February 19. Themovetoopenupthesector was first announced on February 2, 2017 when Coal Secretary Susheel Kumar declared that the government would open up the coal sector for commercial mining. On March 27, the Ministry released a discussion paper on the topic of “auction of coal mines for CBI names Hooda main conspirator in Rs 1000-cr Manesar land scam SUKHBIR SIWACH PANCHKULA, FEBRUARY 20 THE CENTRAL Bureau of Investigation (CBI) has named former Haryana chief minister Bhupinder Singh Hooda as the “mainconspirator”inthealleged Manesar land scam. In its chargesheet submitted to a CBI court, the agency elaborated the role Hooda and several state bureaucrats played in the alleged scam which caused a loss of “over Rs 1,000 crore”. The chargesheet against 34 accused, accessed by The Indian Express,alsonamedseniorIASofficers including Murari Lal Tayal (then principal secretary to CM), Chhattar Singh (then additional principalsecretarytoCM),Sudeep Singh Dhillon (then Director, Town and Country Planning Department), various other officers of Town and Country CONTINUED ON PAGE 2 commercial mining”. Apart from opening up the sector to domestic players, this movecouldalsoseeinterestfrom multinationalminerssuchasRio Tinto, BHP Billiton and Vale. A statement issued after the Cabinet meeting described the decision as “the most ambitious coal sector reform since the nationalisation of this sector in 1973”. There will be no end-use restriction as far as output of the auctioned mines are concerned. Under private commercial mining modalities approved by the Cabinet, coal blocks will be allocated by “ascending forward auction” in which the winner CONTINUED ON PAGE 2 7 WORLD CHINESE WARSHIPS ENTEREAST INDIANOCEAN: REPORT Financials for Assessment Year 2017-18 Financials for Assessment Year 2016-17* GITANJALI GEMS Ltd, the company at the centre of an alleged loan fraud executed in collusion with staffers of Punjab National Bank,didnotadheretorulespertaining to the Foreign Exchange Management Act (FEMA) and also defaulted on timely repayments of loans taken from Life Insurance Corporation of India, ICICI Bank and IDBI Bank, according to the Secretarial Audit Report and Independent Audit Report conducted on the company’s accounts for 2016-17. According to the government’s latest assessment of the PNBloanscandal,theinvestigating agencies are also probing “the genuineness of sundry debtor” — an indication that Gitanjali Gems is suspected to have been using this ploy to FINANCIAL FINANCIAL Loans Turnover Tradereceivables# PROFIT AMOUNT 1,713.9 2,654.9 2,665.1 7.26 Loans Turnover Tradereceivables# PROFIT (debtors) *Latest data was available for 2016-17 # ASSESSMENT YEAR 2017-18 Frombanks Fromothers NEW DELHI, FEBRUARY 20 THERAILWAYShascomeupwith a new plan to involve private players in its ambitious scheme to redevelop 600 stations across India. According to the plan, the Railwayswillcarryout25-50per cent of the construction work, and then give the station on a 99-year lease to the highest bidderforcompletion,development and subsequent operation. Besides commercial use, the ministry also plans to allow res- 130 stations to be taken up in first phase units will take up about 130 stations. The IRSDC will develop about 10 types of designs, which All figures in ` crore route funds to related parties. For the year ending March 2017, Gitanjali Gems had a turnover of Rs 10,464.76 crore andsundrydebtorsofRs8,567.01 crore.Thegovernmentislearntto be probing the ‘sundry debtors’ 1741.04 456.65 route that is likely to have been used to mask the financial position of the company, sources aware of the development said. During the financial year 2011-12, Gitanjali Gems raised CONTINUED ON PAGE 2 Rs 111,738 cr: That’s what 9,339 wilful defaulters owe, PSU banks hit most GEORGE MATHEW MUMBAI, FEBRUARY 20 INDIAN BANKS have reported wilful defaults of over Rs 111,738 crore involving 9,339 borrowers who have the capacity to pay up but refuse to repay loans. State-owned banks have reported wilful defaults of Rs 93,357croreinvolving7,564borrowersasof September2017,ac- cording to data available with theCreditInformationBureauof IndiaLtd(CIBIL).Thisisa340per cent surge in less than five years as total wilful defaults were just Rs 25,410 crore in 2013. The RBI is yet to disclose the full list of defaulters. In 2017, the RBI had told the Supreme Court that it was not in favour of publishing the list of loan defaulters whoowemorethanRs500crore to public sector banks. TheRBIhasdefinedwilfuldefaultasonewheretheunitorborrower has defaulted in meeting payment or repayment obligationstothelenderdespitethecapacity to honour these commitments.Italsoincludesthosewho have siphoned off or not utilised fundsforthespecificpurposesfor which finance was availed of. Borrowers who have disposed of or removed movable NEPAL’S TWO MAIN COMMUNIST PARTIES ANNOUNCE MERGER RLYS TO PARTLY DEVELOP STATIONS, LET THEM OUT TO PVT PLAYERS FOR 99 YRS identialuseof itslandaroundthe stations. The proposal has been sent for Cabinet approval and is likely tobediscussedatthenextmeeting, said sources. If approved, it is expected to kick-off simultaneous construction work at stations across the country. The redevelopment of 600 stations was mentioned by Finance Minister Arun Jaitley in his Budget speech this month. In the first phase, Railways arms like the Indian Railway Station Development Corporation (IRSDC) and zonal 981.23 1,237.85 2,692.54 2.07 DIAMONDSRUS’UNSECUREDLOANS(IN`CRORE) ● PAGE ONE ANCHOR AVISHEK G DASTIDAR AMOUNT willbefollowedatallthestations. According to the plan, the IRSDC and Divisional Railway Managers will redevelop the main station facilities. After that, the station, along with its land parcels, will be put up for bidding. The government has sanctioned Rs 3,300 crore in the Budget for kicking off the initial process. While the redevelopment project is estimated to cost over Rs 1 lakh crore for 600 stations, IRSDC will tap into market sources for funds. CONTINUED ON PAGE 2 Jaipur CONTINUED ON PAGE 2 Jaitley swipe at PNB: Did not identify delinquent AANCHAL MAGAZINE NEW DELHI, FEBRUARY 20 HINTING AT fraudulent dealings in the Punjab National Bank and questioning the role of auditors and the bank management in theNiravModicasewithouttaking names, Finance Minister Arun Jaitley Tuesday said it is incumbent upon the state to “chase these people to the last conclusion” to make sure that the country is not cheated. Speaking for the first time after the PNB-Nirav Modi scandal became public, Jaitley said additionalmechanismshavetobeput inplacetoensurethatstraycases arenippedinthebudsothatthey don’t become a pattern again. “There is an important challenge where the supervisory agencies are now to introspect: what are the additional mechanisms they have to put in place to ensure that stray cases don’t become a pattern again. And stray cases are nipped in the bud andanexamplebemadeof people that these bad examples itself are never to be repeated,” Jaitleytoldthe41stannualmeeting of Association of Development Financial Institutions in Asia & Pacific. He said the management was found to be lacking and were unable to check who were the “delinquent” among them. CONTINUED ON PAGE 2
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