TheIndian EXPRESS LATE CITY, 14 + 4 (NEWSLINE) PAGES, PUNE, `4.00 ● MONDAY, APRIL 30, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE IDENTIFYING NPAs PSBs start audit of loans over Rs 50 cr Public sector banks will prepare details of accounts that could become NPAs, share them with Govt SUNNY VERMA NEW DELHI, APRIL 29 8 THE EDITORIAL PAGE FOLLOWING A fresh directive from the Finance Ministry, publicsectorbankshavestartedconducting forensic audits on all loan accounts above Rs 50 crore for any possible fraud, industry sources told The Indian Express. After completion of the audits, the banks will prepare details of accounts that could po- May send name Child rape: Death of judge to govt penalty wrong again: Justice BY FLAVIA AGNES Kurian Joseph INSIDE ● MODI GOVT BETRAYED PEOPLE BY NOT FULFILLING PROMISES: SONIA, PAGE 5 BUSINESS AS USUAL BY UNNY LIZ MATHEW NEW DELHI, APRIL 29 THE SUPREME Court Collegium is likely to send back to the Government its recommendationtoelevateUttarakhandChief Justice K M Joseph to the apex court, senior judge Justice Kurian Joseph has indicated. Speaking to The Indian Express, Justice Kurian Joseph ‘Precedent said, “The and facts C o l l e g i u m not put in might have to perspective reiterate its rec- by Govt’ ommendation furnishing facts and figures, and citing precedent, which have not been put in perspective by the Government when it returned his name.” Justice Kurian Joseph CONTINUED ON PAGE 2 tentially turn into non performing assets (NPAs), which will then be shared with the Government and investigative agencies for further action. Accounts where any fraud is detected will be referred to the CBI after consultations with the chief vigilance officers of banks, sources said. “We are undertaking this challengingtaskofauditingallaccounts above Rs 50 crore. These are forensic audits being done in line with the Government’s initiativetodetectfrauds.ForanyaccountthatisturningintoNPA,we are seeking a borrower status report from the Central Economic IntelligenceBureau.Thiswillhelp us identify whether the NPA is duetogenuinebusinessissuesor some fraudulent activity,” a top official with a public sector bank told The Indian Express, on the condition of anonymity. A forensic audit is used to examine a company or an individ- ual’s financial information, which can be used as evidence in court. Such an audit helps in detectionof fraud,wilfuldefault, funddiversionandmisreporting of accounts. LoansoverRs50crorewould essentially entail lending to medium-to-large corporates and would comprise a sizeable chunk of corporate loans. Bankers said the Government should have kept the threshold higher than Rs 50 crore as this has created a challenge of reviewing numerous accounts. In the aftermath of the over Rs 12,000 crore letter of undertaking fraud at the Punjab National Bank, the Government directed the PSBs to examine all NPA accounts of over Rs 50 crore for possible fraud and wilful default. Banks have been asked to report the fraud cases to the CBI andalsoinvolvetheEnforcement Directorate and the Directorate After Karnataka, will go to Kailash Mansarovar: Rahul J&K reshuffle: BJP Dy CM who backed Mufti on Kathua is out Slams PM for silence on key issues, says will win state polls ARUN SHARMA JAMMU, APRIL 29 MANOJ C G NEW DELHI, APRIL 29 FROM ANNOUNCING a Kailash Mansarovar pilgrimage to listing theNDAgovernment’sunfulfilled promises and accusing Prime Minister Narendra Modi of making “promises...(with) no truth” and staying silent on critical issuessuchastheKathuarapeand the crisis in the judiciary, CongresspresidentRahulGandhi Sunday revealed the broad contours of the main opposition party’s line of attack against the BJPforthe2019generalelections. Addressing his party’s Jan Aakrosh Rally at the Ramlila ground in a 32-minute speech, Gandhi launched an all-out at- CONTINUED ON PAGE 2 Rahul addresses the Congress Jan Aakrosh Rally at Ramlila Maidan in Delhi on Sunday. Prem Nath Pandey tackonModi,takinghisname38 times while referring to him as Prime Minister and chowkidar 13 times — the second reference being to Modi frequently describing himself as a watchman guarding the people. “Wherever he goes, he makes promises. He will talk about corruption, employment and farmers but there will be no truth... The people of India bow their heads only before the truth and nowhere else. That is the reality... The country says the Prime Minister spoke to us for half an hour, chalo baitkar bhashan mein se sachayi nikalte hain (Let’s look for truth in CONTINUED ON PAGE 2 RELATED REPORT PAGE 5 ON THE backfoot in Jammu province over a series of issues, the BJP has decided to go in for major changes in the much-anticipatedCabinetreshuffleof the J&K government. Deputy Chief Minister Nirmal Singh will step down, trading places with Speaker Kavinder Gupta. Earlier, the BJP had asked all its ministers in the Mehbooba Mufti government, except Nirmal Singh, to resign after two of itsministers,ChanderPrakash Ganga and Choudhary Lal Singh, hadtoquitovertheirstandinthe Kathua rape and murder case. NirmalSinghhadbackedCM Mufti’s decision to stick to a probebytheCrimeBranchinthe Kathua case, though many BJP leaders had backed the demand for a CBI inquiry. He is known to share a good equation with CONTINUED ON PAGE 2 With last outpost in Manipur, govt says all villages have power But 17% rural households still off grid DEEPAK PATEL NEW DELHI, APRIL 29 WITH ELECTRICITY reaching Manipur’s Leisang on Saturday evening, the Central Governmenthasannouncedthe completion of electrification of all villages in the country. Leisang in Senapati district, with 19 families, now joins the other 5.97 lakh inhabited villages that havebeenofficiallyconnectedto the national grid. When the NDA government launched its version of the villageelectrificationscheme—the Rs 76,000 crore Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) — there were an estimated 18,452 unelectrified villages. An additional 1,275 villages were added to the list Senapati IMPHAL MANIPUR subsequently. Electrification of 5.77 lakh villages had been achieved over the years by previous governments. According to the 2011 Census, there are 5,97,463 villages in the country. “Leisang village in Manipur, like the thousands of other villages across India has been powered and empowered!” Prime Minister Narendra Modi tweeted Sunday. CONTINUED ON PAGE 2 BJP MLA present, Una Dalits adopt Buddhism GOPAL KATESHIYA MOTA SAMADHIYALA (UNA), APRIL 29 MEMBERS of a Dalit family who wereallegedlyassaultedby‘cow vigilantes’ here in July 2016 converted to Buddhism on Sunday, along with around 300 membersof thecommunityfromvarious parts of Gujarat. The ceremony, organised in Mota Samadhiyala village near Una town of Gir Somnath district, was attended by BJP Dalit MLA Pradip Parmar. Not believing in Hindu gods and goddesses was among the 22 resolutions that the converts Sarvaiya, his sons after the conversion. Gopal Kateshiya made. The conversion will be recognised only when registered with the district collector, as per the Gujarat Freedom of Religion law. BaluSarvaiya,hiswifeKunvar, CONTINUED ON PAGE 2
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