LATE CITY, 22 PAGES, AHMEDABAD, `4.00 ● FRIDAY, OCTOBER 5, 2018 ● WWW.INDIANEXPRESS.COM TheIndian EXPRESS DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA SANDEEP BAKHSHI GETS 5 YRS AS HER SUCCESSOR Under conflict of interest and nepotism cloud, Chanda Kochhar quits ICICI Bank CBI, SFIO yet to summon her and husband Deepak Board accepts her request for ‘early retirement,’; Justice Srikrishna says his probe is on, will take a month GEORGE MATHEW MUMBAI, OCTOBER 4 CHANDA KOCHHAR on Thursday quit as Managing Director and CEO of ICICI Bank, one of India’s largest private banks, six months after The Indian Express first reported on allegations of conflict of interest and nepotism. Her departure is KHUSHBOO NARAYAN the latest in a series of exits by top private bank chiefs after a regulatory push over the last few months . In a filing to the stock exchanges Thursday, ICICI Bank said that its board accepted the MUMBAI, OCTOBER 4 CONTINUED ON PAGE 2 MORE REPORTS The Indian Express report on March 29, 2018; Kochhar PAGE 15 EVEN AS ICICI Bank assured that the enquiry instituted by its board against Chanda Kochhar, Managing Director and CEO ofthe bank, will remain unaffected after her decision to take early retirement, the Central Bureau of Investigation (CBI) is yet to summon and question Kochhar and her husband Deepak Kochhar in connection with the alleged nexus between Deepak Kochhar-run Nupower Renewables Pvt Ltd and Venugopal Dhoot-promoted Videocon Group, sources told The Indian Express. On March 31, the CBI had registered a preliminary enquiry (PE) into the sanctioning of a Rs 3,250-crore loan to the Videocon Group by the ICICI CONTINUED ON PAGE 2 5 years ago, SC said move some Gir lions out but 2 states stalled JAY MAZOOMDAAR NEW DELHI, OCTOBER 4 BUSINESS AS USUAL BY UNNY 10 THE EDITORIAL PAGE A new RSS? BY ASHUTOSH VARSHNEY THE BILATERAL Prime Minister Narendra Modi welcomes Russian President Vladimir Putin to New Delhi on Thursday. AP REPORT, PAGE 9 ON WEDNESDAY, when the Supreme Court said that the death of 23 lions in three weeks in Gir was “very serious,” the Additional Solicitor General assured the court that he would “find out” details of the deaths. And added that a matter related to lions was already pending in the court. What was left unsaid was the fact that more than five years ago, the Supreme Court, in a prescient order, had called for shifting some lions from Gujarat to Madhya Pradesh to set up a second home for the endangered species “to save it from extinction, due to catastrophes like epidemic” etc. But a series of objections raised by Gujarat and footdragging by both Environment Ministry and Madhya Pradesh Forest Department ensured that hasn’t happened. Asiatic lions are now found only in Gujarat where their pop- 5 GUJARAT ICMR WANTS MORE TESTS ON LIONS ● Officials scramble to ‘secure’ 33 lions rescued from Gir ulation jumped from 411 in 2010 to 523 in 2015. Crammed for space, a number of prides have ventured out of forests and occupied areas as far as in coastal Gujarat. In many areas, they opportunistically scavenge for food and share space with feral dogs blamed for spreading Canine Distemper Virus (CDV) to African lions that killed nearly half the population in the mid-1990s. Indeed, scientists at Indian Council of Medical Research’s National Institute of Virology CONTINUED ON PAGE 2 7 Rohingya men sent With a century, 18-yr-old Prithvi back to Myanmar, SC announces his arrival in Tests refuses to intervene DEVENDRA PANDEY & SRIRAM VEERA 12 ABHISHEK SAHA & ANANTHAKRISHNAN G GUWAHATI, NEW DELHI, OCTOBER 4 THE GOVERNMENT Thursday “repatriated” seven Rohingya men, who were jailed in Assam for entering India illegally six years ago, to Myanmar through the Moreh border in Manipur, hours after the Supreme Court refused to interfere in the process. The Ministry of External Affairs (MEA) said the men had requested that “the Embassy of the Union of Myanmar should issue them relevant travel documents to facilitate their return”. It said their willingness to return was “reconfirmed” and the process took place according to “established procedures and laws”. An official at the Myanmar MUMBAI, OCTOBER 4 EXPLAINED Why were they sent back, who are here Embassy in New Delhi told The Indian Expressthat the men were detained on arrival in the “illegal migrant case” for verification, and would be allowed to go back to their villages. But he did not specify a timeline for the process (Report, page 8). Manipur Police said that the seven men were repatriated around 1.30 pm. “Manipur and Assam police personnel were present, and the seven persons CONTINUED ON PAGE 2 IT’S TOO early to anoint Prithvi Shaw as the next Sachin Tendulkar. But on Thursday, when he slammed a sparkling Test debut hundred against the West Indies in Rajkot, all the hype surrounding the next big Mumbai batsman seemed justified. The back-foot punches, the horizontal cut shots, the short body balanced on the toes, the impassive face almost invisible under a big helmet — it was almost a rewind to the late 1980s when India fell in love with another Mumbai boy. Just like Tendulkar, Shaw, 18, has been facing one question CONTINUED ON PAGE 2 RELATED REPORTS Shaw in Rajkot on Thursday. PTI; (above) An 8-year-old Shaw gets ready to play in Virar on April 22, 2008. Neeraj Priyadarshi PAGE 20 ● PAGE ONE ANCHOR MEET THE MAN WHO DUSTS 36 WINDOWS, 16 DOORS AND A SLICE OF HISTORY IN DANDI SAIFEE VILLA, DANDI: WHERE MAHATMA GANDHI STAYED ON APRIL 5-6, 1930 LEENA MISRA DANDI, OCTOBER 4 “WHEN GANDHIJI started out on the salt march, there were 78 people with him. But when he reached Dandi, there were 3,500. The maulana of the Dawoodi Bohras offered him his residence, Saifee Villa, to stay. It was the only concrete structure on Dandi beach. Gandhiji told him, ‘You might get into trouble’. The maulana (the late Syedna Taher Saifuddin) replied, ‘I am not bothered’.” The road to Dandi from CONTINUED ON PAGE 2 Ramanbhai Solanki, 52 Job: Safai Kamdar Salary: `5,200 per month Work Hours: 8.30 am-11 am, 2.30 pm6.30 pm, no off day Cleans: Saifee Villa, from where Mahatma Gandhi stepped out to pick salt on Dandi beach MAHATMA SWACHH BHARAT PART X The Indian Express maps milestones in the Mahatma’s journey. To tell the stories of Swachh Bharat footsoldiers, who clean where the Mahatma once walked Ramanbhai feels lucky to be part of Dandi story. Bhupendra Rana TOMORROW BIRLA HOUSE JOURNALISM OF COURAGE PETROL, DIESEL RATES CUT RS 2.50 After holding firm, Govt cuts fuel rates; markets crash as rupee weakens Jaitley urges states to match cut, says not going back on deregulation; stocks of oil marketing companies fall ENS ECONOMIC BUREAU NEW DELHI, OCTOBER 4 WITH GLOBALcrude prices surging and the rupee weakening, the Centre stepped in Thursday, announcing a cut of Rs 2.50 per litre for petrol and diesel effective midnight, and urging states to match the price reduction. Of the Rs 2.50 per litre reduction, Rs 1.50 per litre of excise duty cut would be borne by the central government and the impact of the remaining Re 1 per litre cut would be absorbed by oil marketing companies. Finance Minister Arun Jaitley appealed to state governments to match the Centre’s cut in fuel prices, following which BJP-ruled states — Maharashtra, Gujarat, Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Jharkhand, Haryana, Assam, Arunachal Pradesh, Tripura, Chhattisgarh, Goa and Jammu and Kashmir which is under Governor’s rule — also announced relief of another Rs 2.50 per litre, taking the total price cut to Rs 5.00 per litre. The move to make stateowned oil firms absorb Re 1 per litre was seen as a return of government control over pricing, and stocks of IOC, BPCL and HPCL tanked. The decision to cut excise duty by Rs 1.50 per litre, Jaitley said, will cost the Centre Rs 10,500 crore this financial year. He, however, said that the government remained committed to meeting the fiscal deficit target of 3.3 per cent of the GDP for this financial year. “The total impact for the full fiscal is about Rs 21,000 crore. Since it will be for half a fiscal, so the impact will be Rs 10,500 crore in the current fiscal, which is only 0.05 per cent of the CONTINUED ON PAGE 2 RBI’S MONETARY POLICY DECISION WILL BE ANNOUNCED TODAY Union Finance Minister Arun Jaitley with Finance Secretary Hasmukh Adhia and Economic Affairs Secretary Subhash Chandra Garg in New Delhi on Thursday. Amit Mehra How first cut in a year could strain finances SUNNY VERMA & AANCHAL MAGAZINE NEW DELHI, OCTOBER 4 A CUT in excise duty on petroleum products will put a strain in central government finances unless it is followed by a commensurate reduction in expenditure. Reducing government spend when growth rates are just about firming up is not on Finance Minister Arun Jaitley’s mind, but tax collections so far do present a challenge in meeting the targets for this financial year. Any decision that adversely impacts the government’s efforts in fiscal consolidation may not be viewed favourably by the market and rating agencies. In the last four years, the government did not cut fuel prices — except once in October 2017 — despite rising costs of crude oil imports, taking full benefit of higher excise collections. In many ways, it helped Jaitley rein CONTINUED ON PAGE 2 GUJARAT SLASHES FUEL PRICE BY ANOTHER `2.50/LT On a day when the Centre cut fuel prices by Rs 2.50 per litre, the Gujarat government followed suit by reducing Value Added Tax on fuel, thereby bringing down the prices of a litre of petrol and diesel in the state by Rs 5. The new prices will come into effect from midnight. PAGE 3 WHERE CUT IS Rs 5 ■ Maharashtra, UP, Madhya Pradesh, Himachal Pradesh, Jharkhand, Haryana, Assam, Arunachal Pradesh, Tripura, Chhattisgarh, Goa, J&K
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