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DNA@NewspaperWala 16 PDF
DNA@NewspaperWala 16 PDF
Wednesday
Snap POLL
March
2019 Q. Should banks YESTERDAY’S POLL RESULT:
bail out Jet Airways Has Nirav Modi finally run out
with public money? of option to evade law?
`3.00 Pages 14
Yes No Can’t say
AHMEDABAD Yes 72%
www.dnaindia.com Go to our Twitter handle No 16%
epaper.dnaindia.com @dna, look for #DNAPoll
twitter.com/dna and vote. Can’t say 12%
facebook.com/dnaindia
17°C - 35°C AQI 154 BSE Sensex 38,363.47 268.40 NSE nifty 11,532.40 70.20 R.N.I. No. : GUJENG/2007/22424
City
correspondent@dnaindia.net
Jet’s nosebleed over NCP chief Sharad Pa-
war’s career once again.
subjected to third-
degree torture;
was Maha CM then
and said the conditions
The same spectre had
haunted the Maratha leader
35
Gujarat HC issues notice to Mumbai: Civil aviation regu- out of 119 Prakash Ambedkar, the were inacceptable in 1994-95 in the run-up to the
EC in response to ex- lator DGCA stepped in to in-
DGCA offers kerchief founder of Vanchit Bahujan 2 He should be placed Assembly elections, when the
aircraft now to cops and
Congress MLA Bhaga Barad’s tervene on Tuesday after Jet n Aviation n Will review Aghadi, said on Tuesday that under house arrest leader of Opposition, Gopi-
operational his govt
plea questioning the haste in Airways plunged deeper into watchdog met performance on Pawar had ignored an offer nath Munde said Pawar had
announcing by-elections in crisis, with its stressed engi- n It once controlled a on Tuesday to Operational, from the 1993 Bombay bomb- Dawood Ibrahim had met Ram Jethmalani in London. failed in bringing Dawood to
Talala Assembly seat P2 neers warning of risks grip- sixth of domestic discuss hike in Airworthiness & ings mastermind to surrender. He was ready to surrender and undergo the judicial justice.
ping flight operations and pi- aviation market airfares Passenger facilitation “Dawood had met (lawyer process... —Prakash Ambedkar, Vanchit Bahujan Aghadi The BJP leader had prom-
lots threatening to stop flying. and MP) Ram Jethmalani in ised that the BJP-Sena govern-
India The National Aviators n 25-year-old Jet and
n To ensure n No crew London, and proposed to sur- ment would bring the gang-
Dr Pramod Sawant, new Goa Guild, an umbrella body of all 119 member, who render,” said Ambedkar, add- degree torture should not be war’s associate, who was a ster to book. Pawar repeatedly
Air India are India’s
CM, will have to prove numbers domestic pilots, said Jet pi- aircraft are has reported ing “He was ready to partici- used on him.” Pawar was the minister in his cabinet be- offered clarifications, but the
only 2 full-service
today as Governor Mridula lots will stop flying from maintained stress, to be pate in the judicial process chief minister of Maharash- tween 1993 and 1995, con- damage was done and the Se-
international
Sinha calls for a floor test P4 April 1 if there is no “proper as per norms put on duty and even go to jail. He had tra then and the UPA govern- firmed that Jethmalani had na-BJP alliance emerged vic-
fliers
clarity on the resolution pro- only one condition — third- ment was at the Centre. Pa- approached Pawar with the torious. Turn to P4
public interest priority
cess and salary payments, by
world March 31”. n Maintain airworthiness of planes
Rescue crews still struggle
to assess devastation caused
by Cyclone Idai which hit
As the situation deterio-
rated, the Director General
of Civil Aviation reviewed
n No last-minute cancellation/
rescheduling n Adjust affected
passengers, no delay in refund
Sparrow man
distributes 2L
I-T verification starts, 11 lakh
tax notices on way to non-filers
Mozambique last week, and the performance of the debt-
then its inland neighbours
nests a year
hit carrier on operational,
Zimbabwe and Malawi P7 airworthiness and passenger
sports
facilitation. “Current availa-
bility of aircraft in the fleet
for operation is 41,” said
Jet may get `800-crore Ahmedabad: The sudden
spurt of activities to protect
Mumbai: The Income Tax
Department plans to send
Likely receivers some kind of response has
come. Of these, 70,000 people
Mumbai Indians captain Rohit
Sharma confirms he
will open the
DGCA in a statement. Jet
grounded 6 more planes later.
The regulator said Jet has
funding from banks sparrows on March 20, the
World Sparrow Day, amuses
VD Bala, a former Range For-
nearly 11 lakh e-tax notices to
individuals who have not
filed their returns, starting
n Those who haven’t
shown bank deposits,
mutual funds, or property
have filed income tax re-
turns,” sources added.
I-T’s newly established
batting in all drawn up a schedule for 603 Mumbai: The crisis at Jet resistance from minority part- est Officer. Every year, Bala this week. The notices will deals in tax returns Centralised Verification Cen-
games this IPL domestic flights and 382 in- Airways is nowhere near so- ner Etihad to arrive at a reso- distributes at least 2 lakh spar- under section 133C of the tre (CenVC) has been tasked
season, with an eye ternational flights. “Howev- lution but may see a short- lution plan with the lenders. row nests made up of card- Income-Tax Act, which was n 6.44 cr taxpayers have with the verification of all
on World Cup P10 er, it is a dynamic situation term breather with the gov- “The shifting stance of Eti- board papers irrespective of notified last week. filed their income tax the income returns filed
and there may be further at- ernment asking the public had is creating a problem for whether it is a day of celebra- “The first set of notices returns so far this year by the taxpayers in the coun-
Afterhrs trition in coming weeks,” it sector banks to bail out the lenders. The biggest grouse tion or not. “The nests cost me are being sent to the non-fil-
n A large number of
try. As many as 6.44 crore
Sanjay Leela Bhansali said. floundering airline. for Etihad is that it will not be Rs10 each and I give them away ers who have made a finan- taxpayers have filed their
With debts running up to Banks are likely to provide able to hike its stake beyond for Rs5. I don’t give it for free cial transaction but haven’t these cases are from the income tax returns so far
announces that demonetisation period,
Alia Bhatt will $1 billion, Jet has been an interim funding of Rs 800 24.9% after the market regula- because I have realised that filed their tax returns. A during this year.
grounding aircraft over its crore, a substantial part of tor Securities and Exchange when you give something for large number of these cases said sources Individuals who haven’t
share screen
space with inability to pay rentals. It has the Rs 1,000 crore that the Board of India refused to give free, it is not valued,” Bala are from the demonetisation shown bank deposits, mutual
Salman Khan in also failed to shell out inter- cash-starved airlines re- a special dispensation to said. Bala visits at least two period. If we don’t get any fund investments or property
his next venture, est on many loans and is quires to weather the storm. avoid triggering the takeover schools daily to talk about the response, the cases would be department sources. “Right transactions in their returns
Inshallah struggling to disburse staff Jet Airways, which has a code,” said a senior bank of- need to keep nests in their referred to the assessing of- now, the vetting is going on to could soon be getting a no-
salary on time. Turn to P4 debt of Rs 8,400 crore, is facing ficial. Full report in DNA Money houses for the birds. Report, P2 ficer for scrutiny,” said I-T eliminate the cases in which tice. Full report: DNA Money
HC dismisses PIL demanding Poll meet at CM house: BJP gets clean chit led by sub-in-
spector Korat Picture for
raided
number 5 and
shop representation
quarter, advances
managing director of save less, so obviously depos- its officers conducted search-
Gujarat Metro Rail Cor- its are stagnating. Moreover, es at various insecticide ex-
poration (GMRC), which there are concerns over safety porters based in Gujarat,
is executing the
Ahmedabad Metro rail
2.3%, says SLBC of banks. Merger and other
measures in Public Sector
Mumbai and Tamil Nadu in
view of specific intelligence
project. He also served DNA Correspondent Banks have eroded the confi- that they were indulging in
as municipal commis- correspondent@dnaindia.net dence of masses,” said Soneji. mis-classification of their ex-
sioner of Ahmedabad The scenario in advances port product ‘insecticides’.
for long, and it was dur- Bank deposits and advances is also similar. Total bank ad- “By doing so, they were
ing his tenure that the in the state have stagnated in vances stand at Rs 5,84,439 wrongfully claiming Mer-
Sabarmati Riverfront the current financial year, ac- crore, a rise of Rs 45,047 crore chandise Exporters from In-
and the BRTS project
took shape.
Hearing on lion
cording to a the State Level
Bankers Committee (SLBC)
report for the October to De- state’s liquidity
or 8.35 per cent over Rs 5,39,392
crore. Of this, priority sector
has a share of Rs 35,258 crore
dia Scheme (MEIS) benefit at
3% of FOV (free on board
value) of their export prod-
Ishrat case: Ex-cops
will not be prosecuted
cember quarter of the fiscal Quarter Deposits % growth Advances % growth of incremental loans and uct against their actual enti-
deaths adjourned 2018-19. Overall deposits have within it, MSME advances tlement of 2%,” DRI said in a
Oct-Dec-18 675228 0.14 584439 2.38
The Gujarat High grown by 1.94 per cent, while has a share of Rs 24,947 crore. release. The agency said that
Court’s division bench overall advances have grown July-Sept-18 674295 2.74 570870 4.51 It grew by 26.30 per cent dur- the exporters had voluntarily
of Justice SR Brahmb- by 8.35 per cent. Market play- Apr-June-18 656239 0.1 546234 1.3 ing the fiscal. “Major part of paid Rs52 crore so far to- The Gujarat government has
hatt and Justice VB Ma- ers say that rise in advances is Jan-March-18 662394 4.36 539392 6.02 the rise is because MSMEs wards wrongful availment of declined sanction to prose-
yani on Tuesday ad- more to meet the liquidity of Oct-Dec-17 634730 0.47 508782 3.39 need more funds to maintain excess benefit under MEIS by cute retired police officers
journed the hearing in industries and is less because July-Sept-17 631738 1.37 489738 2.57 their liquidity. Special meas- resorting to mis-classifica- DG Vanzara and NK Amin in
the suo-motu public in- of actual growth. They also Apr-June-17 623198 -0.1 477480 10.67 ures to reach out to small tion having value of more the alleged fake encounter
terest litigation on the said that stagnation in depos- business as well as relaxation than Rs5,500 crore. case of Ishrat Jahan and
Jan-March-17 623787 -1.22 431451 3.02
rampant lion deaths tak- its could be because of lower in norms of Non Performing MEIS is an export incen- three others, the Central Bu-
Figures in Rs crore, Source: SLBC – Gujarat
ing place in the state to savings and a fall in trust on Assets (NPA) has also enabled tive scheme of the central reau of Investigation told a
March 26. The hearing banks. them to raise more loans. No government under which ex- special CBIcourt on Tuesday.
was adjourned due to According to the report, this is because of deliberate posits have not grown,” said a doubt there is some growth in porters get 1% to 7% of FOB The government’s deci-
the paucity of time as bank deposits stand at Rs lower interest rate to reduce banker with the condition of MSMEs as well,” said Vasa. value of export product as sion may pave the way for the DG Vanzara
the court was occupied 6,75,228 crore, a rise of 1.94 per cost of deposits. “Earlier, anonymity. However, Soneji said that overall incentive depending upon controversial case against
with other matters. No- cent over Rs 6,62,394 crore in banks used to offer incentives Bhagyesh Soneji, former slower growth in advances the product and customs tar- Vanzara and Amin to be to prosecute a public servant.
tably, the court had earli- the last quarter of the previ- to depositors. This time no chairperson of ASSOCHAM reflect overall slowdown in iff heading under which it is dropped. After going through The court had earlier re-
er ordered all the stake- ous fiscal. Bankers said that such sops were offered. So de- in Gujarat said that this also the economy. classifiable.—DNA a letter submitted to the court jected the discharge pleas of
holders to point out the by CBI lawyer R C Kodekar, Vanzara, former deputy in-
problems affecting the Judge J K Pandya said the spector general of police in
conservation of Asiatic
Lions in the Gir forest.
Pay farmers mkt rate for land One booked for sweetness with dash of colours
Time and again city traders ditch CAIT rallies pur. Of the two cases regis-
tered in Banaskantha one
gan, so far 85 cases of cheat-
ing while 12 students were
centres across the state for
class 12.
Keyur Dhandeo
keyur.dhandeo@dnaindia.net
other cities fare well Azhar to the UN for master-
minding terrorist activities
in India.
HC slaps `1,000 fine
on Balvantsinh Rajput
Protests in other cities
The Confederation of All In- of Gujarat like Surat, Shah said that while pro-
dia Traders (CAIT) had Vadodara and Jamnagar grammes in other states
planned a demonstration to did see good strength. went ahead as per schedule, DNA Correspondent correspondent@dnaindia.net
boycott and conduct a bonfire Things did not shape up the one in Ahmedabad did
of Chinese goods at the Ra- in Ahmedabad. not. “We got good responses Gujarat High Court on Tuesday slapped a fine of
tanpole area of old city. How- from other states. Even in Rs 1,000 on BJP leader Balvantsinh Rajput as one
ever, at the time the protest Sources in the Gujarat, there are protests in of his supporting witness did not appear before
was supposed to be held, very trading community Surat, Vadodara and Jamna- the court. The amount is supposed to be deposited
few traders turned up. Those blame a lack of network gar. Things did not shape up in the registry by Wednesday. This is to compen-
that did, cancelled the bon- and limitations of the in Ahmedabad,” he said. sate for the expenses incurred by Patel for the pro-
fire and instead, chanted slo- leadership of CAIT in Sources in the trading ceedings. A single judge bench of Justice Bela
gans and displayed placards, Unlike Ahmedabad traders in other cities turn up in large numbers Gujarat. community blame a lack of Trivedi had summoned the witness, Vinodkumar
saying that city police did not network and limitations of Thakkar, owner of Bhakti Travels to testify before
give them permission. through the city. That dem- can I do if traders do not group of traders to protest the leadership of CAIT in the court. However, he did not remain present in
On October 2 last year, a onstration also turned out to turn up? Also, the police re- against import of Chinese Gujarat. “I was sent a mes- the court for a testimony, resulting in the fine. Min-
‘rath yatra’ to protest against be a no-show as hardly any fused to give us permission goods as China has, once sage, but saw it only today. I ister of State for home and law, Pradeepsinh Jade-
relaxation in Foreign Direct traders from the city came to conduct a bonfire in the again, blocked India’s pro- was not aware of what the ja is also supposed to give testimony on Wednesday.
Investment (FDI) in the re- out to show their solidarity city,” said Mahendra Shah, posal in the United Nations programme was regarding,” Balvintsinh has challenged Patel’s election to Ra-
tail sector in the country, with the cause. national chairman of CAIT. (UN) to hand over Jaish-e- said a leading trader in the jya Sabha saying that he got votes by intimidating
was supposed to pass “This is not a fiasco. What He was supposed to lead a Mohammad chief Masood old market of the city. Congress MLAs to vote in his favour.
04
daily news & analysis I Ahmedabad I Wednesday, March 20, 2019
indi
www.dnaindia.com I twitter.com/dna I epaper.dnaindia.com I facebook.com/dnaindia
CM, 11 others
sources said Hizbul has todial interrogation. The in- the ED for questioning in
been responsible for fund- vestigating agency accused connection with a money
ing terrorist and seces- Vadra of not cooperating laundering case.
sionist activities in the
state and has its finances
sworn in at 2 am, with the probe, before the
court extended his relief till He is alleged to have
organised through a trust
in connivance with ISI
face numbers test March 25. It also directed him
to cooperate with the ED.
purchased a London
property worth 1.9 million
within 36 hours
and other Pakistan-based Special public prosecutors pounds.
entities. Sources said the representing the agency told Robert Vadra arrives at the ED office for questioning — FILE
terror funds are routed to the court of special judge
India through Hawala DNA Correspondent Arvind Kumar that Vadra ED also alleged that Vadra’s dences in the form of e-mails connection with the case, al-
channels, barter trade and correspondent@dnaindia.net isn’t cooperating despite sev- conduct during the course of retrieved from seized elec- leging that he is being targeted
human carriers, and dis- eral opportunities, and that investigation raises even tronic devices as well as ma- and subject to false prosecu-
tributed to terrorists’ kin. Mumbai/Panaji: Dr Pramod custodial interrogation is re- more apprehensions that he terial information gathered tion, which has acquired the
Sawant became the newest quired. They also said that is key to unearthing the mo- from electronic surveillance colour of a political witch
India, Pak hold Chief Minister of Goa after since he is a high-profile per- dus operandi and black mon- that show Vadra’s involve- hunt. He added that he is a law-
talks on Kartarpur the BJP-led coalition govern- sonality, he is likely to tam- ey. Moreover, they also ac- ment as well as of his associ- abiding citizen. Vadra has
Indian and Pakistani tech- ment was sworn in on Tues- per with the evidence and cused co-accused Manoj ates in undisclosed overseas been granted protection from
nical experts held a meet- day. Sawant would have two Pramod Sawant pays tribute to former CM Manohar Parrikar — PTI thereby hamper the probe. Arora of evading the process assets. He, during the course arrest several times by the
ing on the Kartarpur cor- deputy chief ministers as the Following these argu- of law. of the investigation, has bla- court, but had filed an antici-
ridor on Monday, during saffron party tries to placate meet pramod sawant, 11th cm of goa ments, the matter was put The agency said the inves- tantly denied taking advan- patory bail application in the
which its alignment, coor- allies. Sudin Dhavalikar, who off until March 25, while tigation is at a crucial stage tage of the interim protec- case linked to allegations of
dinates and other engi- heads the Maharashtrawadi 46-year-old Pramod Sawant is a former Vadra’s interim protection and that various incriminat- tion,” it said. money laundering in the pur-
neering aspects of the Gomantak Party (MGP), and Sawant, two-time MLA from chairman of the Goa was extended. ing documents have come on Last month, Vadra had filed chase of a London property
proposed crossing points Vijay Sardesai of the Goa For- Sankhalim, had been a State Infrastructure During the proceedings, record. “There are ample evi- for an anticipatory bail plea in worth 1.9 million pounds.
were discussed. An Indian ward Party (GFP), were staunch Parrikar supporter. Development Corporation
delegation will visit Paki- named the two deputies.
stan to take the discus-
sions further on April 2.
Both parties have three
MLAs each and are crucial to
Among the few BJP
MLAs who got re-elected
He holds a degree in
Ayurveda, Medicine and CBI ‘working’ Christian Michel won’t be solitary
on extradition
the BJP in the 40-member As- 2 years ago, when the Surgery from the Ganga
es in the state. Party spokes- rorist” by putting a technical Pakistan in sponsoring terror
man Nawab Malik said Ambed- hold on the proposal, a move here any more,” Praveen the traders will boycott the activities. They also said they
kar was trying to help the BJP, India termed “disappointing”. Khandelwal, CAIT secretary goods of that country, he said. would dislodge China from In-
and that Pawar had repeatedly “Traders are ‘chowkidars’ general, said. On the call of CAIT, traders dia which is its largest market
offered a justification. of Indian economy, thus trade Whoever stands against across the country gave a if it failed to mend its ways.
Full report: www.dnaindia.com from China will not flourish the national security of India, strong message to China by — PTI
Centre steps in as
Jet crisis deepens
From P1 tion, compensation, refunds
“Directed Secretary, @ and providing alternate
MoCA_GoI to hold an emer- flights wherever applicable.
gency meeting on the ground- Amid rising airfares
ing of flights by Jet Airways, across the sector due to can-
Advance bookings, Cancella- cellations by Jet, particular-
tion, Refunds and Safety is- ly ahead of summer holi-
sues, if any. Asked him to get days, the DGCA has also ad-
a report on Jet compliance vised airlines to increase
issues immediately from flights so that the fares re-
DGCA,” tweeted Civil Avia- main in check, a senior offi-
tion Minister Suresh Prabhu. cial said.
Earlier, the Jet Airways DNA had reported that Jet
Aircraft Maintenance Engi- customers were angry over
neers’ Association wrote to cancellations and delay re-
DGCA, saying long delays in funds. “I had booked Jet Air-
salaries had affected its ways ticket from Mumbai to
members’ psychological con- Kolkata for March 20 travel
dition. This puts the safety of but my flight was cancelled
the airline’s flight operations and I was being offered
at risk, said JAMEWA. How- March 24 flight. But I have
ever, it said the operations my return ticket to Mumbai
are being done keeping all on March 24, and now at last
safety parameters in mind. moment even if I opt for re-
According to the DGCA, it fund and try booking other
has instructed the carrier to flights, the cost has gone up,”
comply with the norms re- said flyer Yuvraj Mehta on
garding timely communica- Tuesday.
vote & notes New tax
regime is
`70L `54L 110 1200 Rahul word
ball t
Expenditure limit per Expenditure limit LS seats identified as Crore of rupees seized
05
constituency in states per constituency for ‘expenditure sensitive’ during 2014 Lok Sabha
Congress president
such as Bihar, Uttar smaller states. These or prone to money elections, includes
Rahul Gandhi before
Pradesh and others are fixed by the EC power this elections Rs 300 cr seized in cash
a meeting, in Imphal,
ballet
Manipur on Tuesday.
Gandhi reiterated his
Netaji (Mulayam) had relations with BSP and had promise to introduce
forged an alliance earlier. I only had to mend the a new tax regime if his
relationship. Before that itself, we defeated BJP in bypolls party is voted to power
in the ensuing Lok
Akhilesh Yadav, Samajwadi Party leader
Sabha elections -- PTI
lok sabha election 2019 keep off places of worship for election propaganda, poll panel tells political parties
www.dnaindia.com I twitter.com/dna I epaper.dnaindia.com I facebook.com/dnaindia Ahmedabad I Wednesday, March 20, 2019 I daily news & analysis
Should ‘proactively’ pursue some punitive action in case users violate terms New Delhi: In a significant
move, the BJP has decided to
YSRC chief Jaganmohan Reddy drop all 10 sitting MPs in
during a rally in West Godavari, DNA Correspondent ers” should come up with a Chhattisgarh, a state where
Andhra, on Tuesday —PTI correspondent@dnaindia.net similar Code for this elections.
Election Commissioner CHANGING THE RULES the party suffered drubbing
in the 2018 Assembly polls.
New Delhi: The Election Lavasa asked social media “The party has decided to
AAP-Cong alliance:
Pawar pitches in
Commission on Tuesday met
with officials of major social
media platforms and asked
platforms to think about a
clause on wherein users vol-
untarily agree to not misuse
Fake news
Prevalence of fake news
2-3%
Minimum social media-
field new candidates with fresh
vigour,” said Anil Jain, BJP
national general secretary
New Delhi: The Congress and them to come up with a similar the platforms for election or and Chhattisgarh in-charge.
the AAP on Tuesday made fresh Code for the upcoming Lok any political purpose. He also and its phenomenal rise induced expected swing. Party sources suggest that
efforts with the help of NCP chief Sabha elections. Chief Elec- spoke about the need for the had made it difficult for Decisive in Indian context it was the Chhattisgarh unit
Sharad Pawar to forge an alliance tion Commissioner Sunil evolution of behaviour of the voters to have accurately where victory margin is of BJP which had made the PM Modi with Amit Shah at the BJP poll panel meeting on Tuesday
in Delhi for the Lok Sabha polls, Arora also asked the platforms social media platforms and informed assessment thin in many constituencies proposal to drop the sitting
days after they unanimously to draft a document which will urged them to show voluntary MPs to which the party’s Cen-
decided to go it alone in the be of help in the long term. restraint. He said such behav- tral Election Committee gave PM Modi, Shah attend BJP’s CEC meeting
Negative
national capital. The NCP leader The meeting between Elec- iour is a hallmark of a civi- its nod. The state has 11 Lok
stepped up efforts for recon- tion Commission of India
impact Sabha constituencies and in
BJP’s Central Election Committee met on Tuesday to
lised society and it works as discuss seat sharing allocation in 10 states.
ciliation between the two parties representatives of various effectively as any regulation. n Communal the 2014 elections the BJP
which have been making state- social media platforms and In addition, EC Sushil tensions had won 10 seats. The meeting at the party's headquarters here was
ments against each other, with Internet and Mobile Associa- Chandra asked the platforms Party sources further sug- presided over by PM Modi and party chief Amit Shah.
AAP leader Sanjay Singh meeting tion of India (IAMAI) also to “proactively” pursue some n Inciting gest that former chief minis-
Pawar at his residence here. had in attendance Election form of punitive action in violence ter and party’s national vice Union Ministers Arun Jaitley, Nitin Gadkari and Rajnath
Commissioners Sushil Chan- case users violate the terms. president Raman Singh will Singh also attended the meeting.
Gehlot cautions dra and Ashok Lavasa. He said a participative ap- n National be fielded from Rajnandgaon, Discussions were held on seat allocation in 10
on Modi’s ‘return’ Arora told those present proach by these platforms security a Lok Sabha constituency states including UP, Bengal, Karnataka, and Odisha.
New Delhi: India may not see that the Model Code of Con- will help social media play a currently held by his son Ab-
How it
another election if Narendra duct was “a unique and his- role in helping stop the spread hishek Singh.
Modi is re-elected as prime toric document” which came of fake information as well as can help With this the BJP is abuzz works they had carried out in youngsters give direction to
minister, Rajasthan Chief Minis- up after deliberations and a curbing misinformation. n Increase In this election, technology with speculation over the fate the last five years ahead of the future and he should
ter and senior Congress leader consensus between different The group also discussed voter of some its sitting MPs in final selection of candidates. “stop intimidating youth of
Ashok Gehlot has claimed, political parties and ECI. He issues like the appointment would be central -- whether other states also. It could be India, which has rejected
awareness Shah slams Rahul for arrests
suggesting the country may added that the document is of a dedicated grievance it’s social media, analytics, strategy, noted that the BJP had con- your brand of politics”.
go, electorally, the China and followed by all political par- channel that will carry out n Voter in all of these areas, technology has ducted popularity test of its BJP president Amit Shah On Monday, a large num-
Russia way. Gehlot also said ties from the date of declara- actions by these sites and a participation now come to occupy centre stage. sitting MPs, sought feedback Tuesday targeted Congress ber of people in Bengaluru
the Constitution, democracy tion of schedule till the polls process of pre-certification from a number of sources, chief Rahul Gandhi over the raised pro-Modi slogans out-
and the entire country was in are over. He said that social of political advertisements n Promote poll And it has changed rules of the game including the public. The alleged “arrest” of some te- side the venue of a function
danger under Modi, who he media platforms, which are like the existing system for transparency R Chandrasekhar, Ex-Telecom Secy party had asked all its sitting chies in Bengaluru for rais- where Congress chief was
said would “do anything” to get “formidable force-multipli- ads on other mediums. MPs to furnish details of the ing pro-Modi slogans, saying addressing entrepreneurs.
back to power.
16 times beaten,
priest back again
Mathura (UP): He has lost eight TN’s AMMA MANIFESTO VS ANNA-kalaignar MANIFESTO Women IIT/IIMs, cyber
Lok Sabha elections and as
many assembly polls. But that
does not deter Fakkar Ramayani
Both ruling AIADMK and Opposition DMK vow to press for release of seven convicts in Rajiv Gandhi assassination case
safety, Mahila Morcha
n Direct transfer
AIADMK DMK n Caste-based census,
hit slogan At least 1 crore people pledged for this campaign, claims bjp
Pro-Modi slogans by BJP men
PM plans Holi ‘baat’ with 25L chowkidars as Priyanka begins temple run
DNA Correspondent
DNA Correspondent 1,680 crore impressions, that this is a great movement correspondent@dnaindia.net
correspondent@dnaindia.net sources in the BJP said. through social media activ-
While at least one crore ism whereby the common New Delhi: On the second day
New Delhi: Prime Minister people pledged for this cam- people of India are taking a of her three-day boat trip in-
Narendra Modi will address paign through social media pledge that they will also side Uttar Pradesh, Congress
25 lakh chowkidars across the and Namo App, more than fight for the probity and pro- general secretary Priyanka
country via an audio bridge one crore people watched the priety,” Prasad said. Gandhi Vadra visited a slew of
at 4:30 pm on Wednesday on campaign video on various He tore into Congress for religious places: the Vind-
occasion of Holi, BJP sources social media platforms, criticising the campaign. hyavasini Devi Temple in Mir-
informed on Tuesday. sources in the BJP informed. “Those who have a lot to hide zapur, the Maharishi Valmiki
In this series, PM Modi Union Minister Ravi are opposing it. Those who Ashram at Sitamarhi, Maa
will also interact with people Shankar Prasad said the cam- are on bail are opposing it. Vindhyavasini Mandir Vind-
from different walks of life, paign has already turned into Those whose families’ prop- hyachal Dham and the Khwaja
who have taken pledged in a “people’s movement” with erties are under investigation Ismail Chisti in Mirzapur. Priyanka Gandhi Vadra at Vindhyavasini Temple, UP on Tuesday —PTI
the Main bhi chowkidar (I too people from different spec- are opposing it,” Prasad said. However, critics have ob-
am a watchman) campaign, PM on Saturday had launched ‘Main bhai chowkidar’ campaign on Twitter trums of the society – youth, On Sunday, the Prime Min- served that Priyanka’s poll Temple in Mirzapur as Pri- she entered it to pray.
through video conference in women, professionals, farm- ister prefixed his name with rally has not gathered the mo- yanka Gandhi offered Gandhi took on Modi and
as many as 500 locations launched #MainBhiChowk- croblogging site. More than ers, lawyers – are joining it. ‘chowkidar’ on the micro- mentum that it should have. prayers. The sloganeering demanded to know what he
across the country on March idar campaign on Twitter on 20 lakh people tweeted with “Main bhi chowkidar cam- blogging site. All Union Min- Pro-Modi slogans were raised began as Priyanka Gandhi had done in the last five years.
31, party sources said. Saturday, it has soon become the hashtag #MainBhiCah- paign gives an extraordinary ister, BJP leaders and party by BJP supporters gathered got out of the car to visit the She also slammed the Yogi
Ever since PM Modi a worldwide trend in the mi- wkidar which has got up to message to the whole world supporters followed suit. outside Vindhyavasini Devi temple and continued even as Adityanath govt in UP.
06
Ahmedabad I Wednesday, March 20, 2019
opini n
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Rough landing
Quietly but intrigu-
ingly, India is trying
to pull out new rab-
bits out of its policy
Jet Airways is a classic case of how not to run an airline hat with regard to
its intellectual prop-
T
he aviation industry is fickle at the best of times. So when erty rights (IPR)
and drug-pricing
the chips are down, expect the worst. For passengers, there policy.
is nothing lousier than a cash-strapped airline. Even a con- Chirantan Chatterjee In January 2019,
firmed ticket is no guarantee of reaching one’s destination. India first unveiled
Take Jet Airways. On Monday, the cash-strapped, beleaguered proposals exempting innovative medicines
airline grounded four more aircraft, taking its tally of ground- developed by foreign companies from price
ed planes to 40. For a 119-aircraft airline, that is a whopping control for five years, giving Indian pa-
tients access to drugs that are currently
percentage of layoffs. Cancellations have become common and only available abroad.
just recently, Jet Airways scrapped its flights to Abu Dhabi and The proposals also included orphan
other destinations, leading to a huge passenger uproar on social drugs used for treating rare medical condi-
media. While the management is busy trotting out lame excus- tions and come from amendments to its
es, the fact is that the airline is in deep distress. Not too long Drug Price Control Order.
ago, Jet Airways was the brightest star on India’s aviation fir- This was, however, followed up by an
early March National Pharmaceutical
mament. The airline had a fairytale entry into Indian skies with Pricing Authority (NPPA) order that cut
literally no competition, except government-run airlines. Its maximum retail prices of 390 non-sched-
product was good, there was no union trouble, on-time perfor- uled cancer medicines by up to 87 per cent,
mance was good and the capacity to grow infinite. In the foreign days after capping the trade margin of 42
sector, Jet only had Air India as competitor, making it easy for non-scheduled cancer drugs at 30 per cent.
it to wean away international travellers. But the advent of oth- Whether the NPPA can tweak trade
margins is of course another issue of legal
er private airlines hit Jet Airways, as it appeared outpaced. consideration here, beyond the flip flop in
When low-cost Air Deccan and Kingfisher came in, Jet did little incentivising innovative medicines in
to prepare for competition by way of restructuring costs. So January and then moving back with price In January 2019, India unveiled proposals exempting innovative medicines developed by foreign companies from price control for five years
even when Kingfisher shut shop in 2012, Jet refused to learn its controls in March.
lessons. Just then, IndiGo moved in. According to Directorate Apart from prices, India also recently come commercially available in different price moratorium and the faster patent
General of Civil Aviation (DGCA) data, while IndiGo’s market entered into an agreement with the Japa- countries. Price regulation delayed a granting policy creates a buzz in India’s
nese Patent Office (JPO) to start a Patent launch, while longer and more extensive science and innovation community, both
share went from 27.7 per cent in 2014 to 43.2 per cent in Septem- Prosecution Highway (PPH) as a pilot, patent rights accelerated it. private and public.
ber 2018, Jet’s slid from 19.9 per cent to 14.2 per cent in the same wherein an applicant can ask for fast- Health policy institutions made mar- They also come at a time when health-
period. It does not take a rocket scientist to tell you that IndiGo’s tracking a patent application citing the kets more profitable speeding up diffusion, care financing is going through a shift in
rise has come at the expense of Jet. A good part of the airline’s granting of a patent in Japan. Cockburn demonstrated. Is India covering India given the Ayushman Bharat Scheme.
troubles can be attributed to its efforts to focus on the interna- The PPH, reports suggest, will only al- up its weak health infrastructure and in- Several specifics on it are still not settled,
tional market, leaving the domestic space vacant for IndiGo. low for expediting patent examination, stitutions by its repeated invoking of a including insurance coverage for drugs
without guaranteeing the grant of a patent lower hanging price control policy? That is Furthermore, what might these policies and medical devices, but if it gets cleared
Add to it the vagaries of Indian aviation and nothing more le- in India. It also comes at a time when Re- a question that still remains unanswered. mean for signals the Indian government is tomorrow to some steady state consensus,
thal than escalating aviation turbine fuel (ATF) prices, which gional Comprehensive Economic Partner- That said, India’s price control morato- giving to pharmaceutical and medical de- faster patents and moratorium on price
account for nearly 40 per cent of any airline’s operating costs. ship discussions are emerging in Asia rium for innovative medicines and faster vice innovators for differential pricing of controls for innovative medicines in India
While that cost would apply to all airlines, in the case of Jet, about new norms for patents (especially as patent approval harmonised with JPO, products, is worth considering. could augur well (in an insured world) even
even non-fuel expenses were higher, it being a full service car- they pertain to the pharmaceutical sector) might enhance access to innovative drugs, Research by my co-authors and myself for those worried about affordability and
rier, as opposed to a low-cost carrier. Often in such a dire situ- in the region. pharmaceutical and medical devices in the published in the Journal of Health Eco- access to medicines in India.
The stronger patent and relaxing of country though apologists for incentives nomics in 2015 show that differential pric- Public health activists, globally and do-
ation, the management opts in for new CEOs at the drop of a price control measures may have been in for innovation may also argue that this is ing could raise welfare in the market for mestically, can be expected to push back
hat. Jet has had more CEOs than any other airline. Between anticipation of a threat from a US Trade not enough. medicines in India. India, however, on these two revised poli-
2009 and 2015, it had three CEOs, finally running out of options Representative (USTR) last year reviewing India’s actions are important to place in So, by strengthening the policy environ- cies. Particularly so because this might
to head the organisation by December 2015, until yet another India’s eligibility in the generalised sys- context with what is happening to drug ment for innovation incentives, might the impact the survivability of the Indian ge-
incumbent was inducted. In such circumstances, Jet’s losses in tem of preferences (GSP) given pressure by prices globally. First, China in 2018 im- government unintendedly soften innova- neric firms, labelled as the pharmacists of
the first quarter of FY 2019 were “surprisingly” high and it is the US medical devices (where price con- posed price controls on oncology drugs, tor willingness to differentially price their the world. They have been shifting their
trols in stents and other devices have been taking a leaf out of India, and in the US, innovative products in India? attention to the least developed countries
estimated that the full-year losses could touch the $500 million a policy hot button) and the dairy industry. pharmaceutical innovators are facing Also, what would these policy changes (those being provided a TRIPs extension
mark at current oil prices. In the absence of any asset sale and But overall, one hopes that this is think- pressures on drug pricing, an issue also do to incentives for discovery work in In- till 2021) both on the demand and supply
in a perpetual restructuring mode, Jet has become a classic case ing afresh from the Government of India emerging in Canada and the European Un- dia, let’s say in vaccines remains an open side and to developed countries for selling
of how not to run an airline. (GOI) to incentivise innovation and its dif- ion (in countries like the Netherlands and question. biosimilars.
fusion within the country, while not letting the UK) for drugs like Vertex used in cystic Could one expect some discovery work Amy Kapczynski from the Yale Law
go of access and affordability of medi- fibrosis. to be undertaken going forward? By whom? School has earlier written about India try-
Urdu’s revival
cines. So the timing of these policies come cu- And through what R&D mechanisms, in- ing to engineer a patent law 2.0 globally, but
Iain Cockburn and co-authors show in riously from India. While richer econo- ternal or external? these 2019 new IPR laws and price control
their 2016 paper, in a sample of 642 new mies are moving in one direction in pric- The country’s scorecard on generating moratoriums on innovative medicines
drugs in 76 countries during 1983-2002, that ing and protecting patents on medicines, new chemical or biological entities in the might mean that India is ultimately reboot-
The RSS regards the language as a unifying force patent and price regulation regimes
strongly affect how quickly new drugs be-
one wonders if India is moving in the
other direction.
global drugs and pharmaceutical world is
underwhelming and one hopes that the
ing its patent and price control laws.
The author is with IIM-A and Hoover Institution
I
ndia is a great civilisation and home to diverse languages, phi-
losophies, cultures, customs and traditions. It is the country’s
syncretic culture that gave birth to Urdu: A mix of Arabic,
QUOTE HANGER slowburn
Persian, Hindi and Sanskrit. A language that is spoken by at
least 70 million people in the subcontinent mirrors India’s in- Chowkidar Vinay Chowkidar England might run out of water in 25 years
clusiveness. No wonder, the RSS wants to promote Urdu in a big Sahasrabuddhe Ravi Shankar Prasad
T
he global water scarcity will soon hit statement had said last year. “The dry
way and the Central government too has been generous with
@vinay1011 @rsprasad England. Within 25 years, England summer had a significant impact on wa-
funds to promote and conserve the language. Since the 1947 Par- will not have enough water to meet ter supplies, agriculture, environment
tition, India has been witness to violent upsurges in the name #MainBhiChowkidar is fast #DigitalIndia has created new job demand, head of the Environment and wildlife, with the Environment
of religion and language. Linguistic identities have been the catching up popular imagination! opportunities for the youth in small Agency, Sir James Bevan, had warned, Agency responding to 314 dry weather
according to a BBC report. The impact related incidents over summer.”
driving force for the States Reorganisation Act, 1956, that en- #HonestyIntegrityVersusDynasty towns. of climate change, combined with popu-
tailed a major redrawing of the boundaries of Indian states on
lation growth, means the country is fac-
the basis of commonality of languages. Urdu, however, had a
pan-India presence, thus bridging the North-South and East-
HindolSengupta ing an “existential threat”. However,
this could be avoided with ambitious
Cancer will claim 1.4
@HindolSengupta
West divide. Senior RSS leader Indresh Kumar’s assurance at
the 6th World Urdu Conference underscores the Sangh’s inten- By constructing a false
State mourning action to cut people’s water use by a
third and leakage from water company
million lives in EU
continues and hence I appeal to
D
tion to keep the “mili-juli tehzeeb” alive in the country. It has binary and war between different parts pipes by 50 per cent, he says, along with eath rates from cancer have fallen over
been widely held that Urdu is dying in India, mainly because of history and culture, people have all my friends, family and big new reservoirs, more desalination
plants and transfers of water across the
the past five years in the European Un-
ion although the disease is this year
traditionally Urdu speaking people, Muslims and Hindus, have
stopped speaking it. Moreover, Hindi films, which used to be the destroyed any study of classics in India karyakartas to refrain from country. Half of the problem is climate expected to claim the lives of over 1.4 mil-
change, which means hotter and drier lion people across the bloc. According to
purveyor of Hindustani, have changed track to showcase mod- presenting me with bouquets summers in the UK. Back in 2018, UK research published recently in the Annals
ern aspirations in sync with the Zeitgeist. However, the Naren- Hari Kunzru and greetings. I look government bodies, water companies
and environmental groups had warned
of Oncology, cancer death rates for men
have dropped around 6 per cent since 2014
dra Modi government is pulling all the stops to revive the charm
of Urdu in popular consciousness. The National Council for
@harikunzru forward to your continued low rainfall this winter could to 139 deaths per 100,000 males, while
Promotion of Urdu Language (NCPUL), an autonomous body, is The 200 people who blessings!
lead to drought in spring 2019 unless women’s rates have decreased from 86
swift action is taken to boost reserves. deaths per 100,000 to 83 — a 3.6 per cent
planning to rope in Shah Rukh Khan, Salman Khan and Katrina watched the terror attack for 30 mins — Pramod Sawant, “The current environmental situation is decline. Researchers attribute the im-
Kaif to speak a few lines in Urdu as part of promotional cam- without doing anything and the one fragile and dependent on good rainfall provement to more effective screening as
paigns. The government had allotted a budget of Rs 332.76 crore
Goa CM, asks followers to over the autumn and winter period,” the well as early diagnosis and treatment,
between 2104 and 2019 for NCPUL. The revival of Urdu is im-
person who, 12 mins after the stream avoid presenting him National Drought Action Group (NDG) says a Euronews report.
perative because of its immense wealth of literature. ended, decided finally to report it. with flowers
send your feedback to editor@dnaindia.net
Vol 12 n Issue No. 135 RNI: GUJENG/2007/22424. Printed and Published by Prashant Saxena on behalf of Diligent Media Corporation ltd. Printed at Bhaskar Printing Press, Survey No.148 P, Nagdevta Mandir, Changodar, Bavla Highway, Sanand, Ahmedabad (Gujarat) and Published at Diligent Media Corporation
Limited, Venus Atlantis Building, Unit No. 201 to 208, 2nd Floor, 100 Feet Road, Prahladnagar, Satellite, Ahmedabad 380015. Phone: 079 4060 2000. Editor: Deepak Lokhande Responsible for selection of news under PRB Act.
w rld
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07
Ahmedabad I Wednesday, March 20, 2019 I daily news & analysis
ahmedabad
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US $ 68.96 0.425 p EURO 78.41 0.5671 p British pound 91.55 0.6443 p UAE dirham 18.75 0.114 p
news in numbers 16.76%-- Stake in Infratel worth Rs 10,000 crore Airtel has transferred to Nettle Infrastructure Investments
A
month after GST Coun- to send the first set of e-tax department sources. Around 50-60 lakh year will be verified by the tween the taxman and the ferred for scrutiny now with
cil slashed tax rates for notices to ‘non-filers’, start- “Right now, the vetting is income-tax returns CenVC. assessee. the setting up of the new
under-construction ing this week. going on to eliminate the which may come up for “We now have the capaci- The questionnaire, as well verification centre.
flats, the move to approve There are a total of about cases in which some kind of verification ty to verify 100% returns. as the response of the tax- The CenVC will rummage
a transition plan for imple- 11 lakh cases under scanner response has come. About Earlier, there was no way of payer, will be in a machine- through all the financial
menting a new tax struc- where I-T returns have not 70,000 people had also filed doing it. So, most potential readable format. data available in its database
ture for the real estate will been filed. income tax returns,” sources cases were out of the tax net. “If the reply is not found and match it with the re-
help reduce confusion and The notices will be issued added. come tax returns so far dur- “Our estimation is that Only a minuscule percent- to be satisfactory, the second turns filed by the taxpayers.
avoid operational hassles. under section 133C of the The CenVC has been ing this year. there would be around 50-60 age (0.5%) of the total re- set of questions will follow. The information from vari-
The Council has addressed Income-Tax Act, which was tasked with the verification If you haven’t shown lakh returns which may turns filed were being picked The assessee will be given ous sources such as Regis-
the transition issues on notified last week. of all the income returns bank deposits, mutual fund come up for verification,” up every year for scrutiny another chance to respond trar of Companies, banks,
Input Tax Credit (ITC) for “The first set of notices filed by the taxpayers in the investments or property the official said. through a random selection before the case is referred to insurance companies and
the ongoing projects by are being sent to the non-fil- country. transactions in your income The cases would be red process,” a senior official the assessing officer for scru- other financial institutions
making it flexible for prop- ers who have made a finan- As many as 6.44 crore tax- tax return, you could soon be flagged by the system for said. tiny,” another official said, is already there with the de-
erty developers to choose cial transaction but haven’t payers have filed their in- getting a tax notice to pay up. verification on the basis of The CenVC will send e- adding that the cases would partment.
between the two GST re-
Developers
ITC option and the re-
duced rates without ITC.
This means that effec-
tive April 1, projects
`1,000cr
in the case of affordable DNA Money Correspondent cials, the current availability
housing, 8% (with ITC) correspondent@dnaindia.net Debt of aircraft in the fleet for op-
and 1% (without ITC). De-
velopers can also choose
to have old and new GST
Mumbai: The Jet Airways
crisis is nowhere near solu- Plunging
` with Jet
Airways Needed by the floundering airline
eration is 41, though the
numbers may go further
down in coming weeks if the DNA Money Correspondent
rates for different build- tion with minority partner fast airline is not able to get im- correspondent@dnaindia.net
24.9%
41
ings in the same project. Etihad continuously chang- No. of mediate funding. The Goyal-
All new buildings and pro- ing its stance, but the short- operatinal promoted full service carrier New Delhi/Mumbai: In a
jects where work begins term rescue could come from aircraft has grounded more than a big relief to the real estate
after April 1 will have to the government, which has Stake of Eithad of Jet third of its entire fleet lead- sector, the Goods and Ser-
adhere to the new rates. asked the public sector Airways in Jet Airways ing to scores of flight cancel- vices Tax (GST) Council on
However, it is to be seen banks to bail out the floun- lations on account of non- Tuesday approved a transi-
if the new structure will dering airline ahead of elec- The Etihad hurdle Etihad wants Jet payment of dues to the les- tion plan for the implemen-
provide any substantial tions. Airways chairman sors. “We are keeping an eye tation of new tax structure
boost to the sagging sales Banks are likely to pro- Etihad will not be able to hike its Naresh Goyal to exit on the situation,” said a sen- for under-construction
any time soon. As the cut- vide an interim funding of stake after Sebi refused to give the airlines, which ior DGCA official. residential property in the
off date is just two weeks Rs 800 crore, a substantial a special dispensation to avoid is also not likely to In an investor presenta- country. It also gave an op- realty
to go, developers will have part of the Rs 1,000 crore that triggering the takeover code happen tion, the company said that tion to the builders of the relief
to immediately swing into the cash-starved airlines re- it has defaulted in repaying ongoing projects to shift to
12% or 8%
action and bring in new IT quires to weather the storm. the working capital loan in- new rates without income
systems and processes Jet Airways, which has a JET 235.10 9:15 am Mar 19 15:30 pm 229.05 stalments, including interest tax credit (ITC) or continue
quickly. Thousands of debt of Rs 8,400 crore, is fac- AIRWAYS Prev q7.95 pts q3.35 % chg due to Indian banks, which with the old tax rates. Old GST rate with ITC benefits
house hunters across In- ing resistance from Etihad to Intra-day share close has partly been paid in Janu- The ongoing projects
5% or 1%
dia are reportedly waiting arrive at a resolution plan price on BSE in ` 237.00 ary 2019, and there are sub- have been defined as the
for developers to slash with the lenders. stantial payments overdue to ones where the construc-
rates so that they can “The shifting stance of creditors. These conditions, tion, as well as the bookings
New GST rate without ITC
strike a good deal. Etihad is creating a problem together with four succes- both, has started prior to
80%
for lenders. The biggest ways founder-chairman frastructure Fund would ac- Directorate General of Civil sive quarters of losses due to April 1. The developers are
grouse for Etihad is that it Naresh Goyal to exit the air- quire a 51% stake in Jet Air- Aviation (DGCA) officials to high fuel prices and fluctuat- likely to get about a month
will not be able to hike its lines, which is also not likely ways and later dilute it review the grounding of ing currency rates, coupled for the transition.
Of input material and services
ST smart stake beyond 24.9% after to happen, banking sources through a rights issue. planes by the airline, advance with tight liquidity condi- “The developers of the
needs to be procured from GST
market regulator Securities said. With pressure mounting bookings, cancellations, re- tions, pose serious challeng- residential buildings which
registered dealers
and Exchange Board of In- State Bank of India (SBI), on the central government fund and safety issues. The es to the company, indicating are incomplete as on March
CPSE ETF gets dia refused to give a special
dispensation to avoid trig-
which is leading the negotia-
tions with other banks, had
due to the apparent problems
at Jet Airways, aviation min-
airline officials were called
and asked to brief about the
the existence of material
uncertainty that may cast
31 will have the option to
choose the old rate of 12% ings, invoices issued and
`6,072 cr bids gering the takeover code,”
said a senior bank official.
set up a resolution plan
where the lenders and the
ister Suresh Prabhu on Tues-
day intervened and directed
situation to the aviation min-
istry and DGCA.
significant doubt on its abil-
ity to continue as a going
or 8% with ITC or the new
rate of 5% or 1% without
completion of the building.
Up to 15% of the com-
CPSE Exchange Traded Etihad also wants Jet Air- National Investment and In- the aviation secretary and According to DGCA offi- concern. Turn to p2 ITC. The decision on the mercial space in the resi-
Fund on Tuesday re- timeframe for transition dential project will be
ceived bids worth Rs
Neco for `3,300 crore Goldman sees strong poll rally, Kotak differs
rected Fortis Healthcare
Ltd (FHL) and Fortis
Hospitals Ltd (FHsL) to
continue efforts to re-
cover more than Rs 403 Anurag Joshi face value of Rs 4,700 crore,
crore from Shivinder said the people, asking not Abhishek Vishnoi over, Sanjeev Prasad, Sunita How much more? quality mid-caps to partici-
Mohan Singh and Mumbai: Bank of America to be identified as they Baldawa and Anindya Indian indexes have rebounded at 8% from their February lows pate in the current rally.”
Malvinder Mohan Sin- Corp (BofA) has bought its aren’t authorised to speak Mumbai: Will the markets Bhowmik, analysts at Ko- They also favour banks and
38500 15500
gh as well as seven oth- biggest distressed asset in publicly. Lenders led by rise or fall in run-up to the tak Institutional Equities Sensex (LHS) S&P BSE MidCap (RHS) domestic cyclicals over ex-
er entities. The latest India, adding to a growing State Bank of India (SBI) polls? Research, wrote in an inves- S&P BSE SmallCap (RHS) porters and defensives. In-
37800 15000
ruling confirms the trend of foreign investors sold the debt, taking a hair- According to Goldman tor note dated March 18. dia’s foreign inflows are
watchdog’s interim or- diving deeper into the coun- cut of 30% on the all-cash Sachs Group, Indian stocks “We do not find meaning- 37100 14500 leading Asia, with net for-
der where it had found try’s massive pile of bad deal, the people said. will accelerate gains in the ful value in most parts of the eign buying of $5.2 billion.
that Singh brothers debt. As India battles lead-up to the election next market, barring certain fi- 36400 14000 Half of the amount has come
along with seven enti- A group of inves- with the worst non- month as foreign investors nancial stocks, and would in March, according to
ties diverted Rs 403 tors led by the US bank performing loan ra- pile back in amid a “sharp un- look to exit stocks with weak 35700 13500 Bloomberg data. The Nifty 50
crore from FHL, for the have paid Rs 3,300 tio among the world’s derperformance” in the mar- fundamentals and rich valu- has rallied 8% in the past
ultimate benefit of par- crore for soured loans major economies, ket and earnings growth that’s ations,” the Kotak analysts 35000 13000 month and recovered 65% of
ent company -- RHC of a beleaguered Indi- foreign investors are expected to top the region. said. Dec 31, 18 Mar 19, 19 its year-to-date underper-
Holding Pvt Ltd -- and an maker of cast iron pipes, vying for a piece of the $190 However, Kotak Institu- Goldman raised equities formance against the region-
group company Relig- according to sources. billion pile of soured and tional Equities Research of Asia’s third-largest econ- reach 12,500 in 12 months, picked up “as market expec- al MSCI Asia-ex Japan In-
are Finvest Ltd. Singh The group, which in- stressed debt. Jayaswal thinks not. omy to overweight from mar- implying a 9.1% gain from tations for a potentially sta- dex, Goldman said.
brothers have also been cludes local bad debt buyer Neco became stressed as a The “catch-up trade” for ketweight -- just six months Monday’s close, while earn- ble government have risen in Goldman is changing
asked not to associate Assets Care & Reconstruc- slump in Indian stocks with EM rivals after Goldman downgraded ings growth this year is ex- recent weeks,” Koul wrote. course on India stocks after
themselves with the af- tion Enterprise, bought dis- demand for its products after a period of under-per- them -- analysts led by Sunil pected to climb 16%, they His team said investors can the firm downgraded them
fairs of FHL and FHsL tressed loans of Jayaswal eroded its debt repayment formance in the first six Koul said in a report on Mon- wrote. buy “short-dated Nifty calls, to marketweight in Septem-
in any manner. Neco Industries Ltd., with a capability. —Bloomberg weeks of 2019 may be largely day. The Nifty 50 index will Foreign inflows have value cyclicals and oversold ber. —Bloomberg
c mpanies
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09
Ahmedabad I Wednesday, March 20, 2019 I daily news & analysis
Deal
Kotak arm inks
$400 million deal Xiaomi sets sights on devices Ebix begins
due diligence
to acquire Yatra
Street with DivyaSree Co, which launched smart TV in 2018, plans to launch a new product category every year New Delhi: Ebix Inc said it
has commenced due diligence
Kotak Investment Advisors Ltd (KIAL) announced a Mansi Taneja
4,499 400
“The idea is to tap these 100 for signing an agreement to
$400 million fund in partnership with DivyaSree mansi.taneja@dnaindia.net million users with Redmi Go acquire Yatra Online Inc, the
100 mn
Developers to build and acquire commercial office
`
series,” Jain said. parent company of travel
assets across India. KIAL said that it has launched a
new fund which will partner with DivyaSree
New Delhi: Xiaomi India,
which has disrupted the mo-
mn It also announced the
opening of its seventh manu-
firm Yatra.com, by May 15.
The company had offered
Developers to develop and acquire commercial office smart Price of entry-level smartphone Feature phone users Users Xiaomi targets
bile phone industry, is now move facturing plant in India in to acquire Yatra Online Inc
assets. The fund’s strategy is to develop greenfield aiming to be one of the top series under Redmi Go in India for its Redmi Go series partnership with Flex Ltd. for $336 million.
projects as well as acquire under construction and five brands that will change Currently, 99% of Xiaomi’s Ebix Inc has “officially
completed assets across key markets in India.When the face of technology in the The beta version of Mi smartphones sold locally are engaged with Yatra Online
contacted, an official from Kotak Realty Funds said, country. Pay was launched in Decem- made in India. Inc to commence its due dili-
around $200 million would be infused by ADIA and the As India is on the cusp of ber last year. Mi Pay will be Xiaomi is also bringing gence immediately, with the
rest would be pumped in by KIAL and DivyaSree. a technological shift with 4G available soon through Mi the component ecosystem to goal of working towards
and internet of things (IoT) Apps store. Xiaomi has part- India. The company said signing the agreement to ac-
ASK puts `326 cr Pine Labs to buy making inroads, the market nered National Payments about 65% of the smartphone quire Yatra Online by May
offers a huge potential for the Corporation of India (NPCI) value is sourced locally and 15,” a company statement
in realty projects Qwikcilver company. and ICICI Bank to launch Mi may increase going forward, said. It intends to merge
ASK Investment Advisors Pine Labs has signed a The Chinese major, which Pay in India. Users can make although Jain did not elabo- Yatra Online with EbixCash
(ASK PIA) ASK group’s definitive agreement to entered India about five payments to other Mi Pay us- rate on the company’s target subject to due diligence and
realty private equity arm acquire the Bangalore- years back, now plans to ers, or through UPI ID and on the local sourcing of mo- customary regulatory and
will invest Rs 326 crore in based gift card solutions launch a new product catego- bank accounts as well. Xiao- bile phones. However, its other closing conditions.
various housing projects provider Qwikcilver for a ry every year. “We are work- mi also offers QR code option smartphone chargers, USB EbixCash operation on a
being developed by QVC consideration of $110 ing on categories such as for transactions on Mi Pay. cables and batteries are near- standalone basis is targeting
Realty, Tridhaatu and million. The transaction smart ACs, washing ma- It also announced a new ly 100% locally sourced. quarterly annualised reve-
TVS Emerald. These is funded from Pine Labs’ chines, refrigerators, lap- entry-level smartphone series Xiaomi is now focusing on nues of $600 million by the
projects are located in cash reserves and tops, water purifiers and term, for the next 20, 30, 50, night,” he said. in India -- Redmi Go priced at the offline market to push fourth quarter of 2019.
Mumbai, Bengaluru, additional funding from other smart consumer appli- 100 years or more...at the The mobile firm also ex- Rs 4,499. The handsets are growth. It already enjoys the On March 15, Yatra Online
Chennai and Delhi-NCR. existing investors, the ances which we have in Chi- leadership level in India and pects the next level of growth their first Android Go smart- top position in the online Inc said that it had entered
These investments are in company said in a na. We might bring one or globally, we are building a to come from the offline seg- phones and is aimed at tap- market. Offline retail is still into a mutual confidentiality
line with the fund’s statement. Qwikcilver more such products this brand that people would re- ment. ping the feature phone users. a huge segment with nearly agreement with Ebix Inc so
strategy of investing in manages an annualised year,” Xiaomi India MD and ally love and admire and be- The company on Tuesday There are about 400 mil- 40% of the offline market fo- that the parties can commence
residential focused real gross transaction value Xiaomi Global vice president come a household name. We launched Mi Pay, its UPI- lion users who are on feature cused in rural regions, Jain due diligence and Yatra can
estate projects in the top of $1.5 billion across Manu Jain told DNA Money. want to be among the top five based payment system, phones, and out of this said. further review and consider
five cities with India, the Middle East Last year, the company technology companies in In- which will compete with around 100 million users in Xiaomi India plans to Ebix’s proposal made earlier
established developers. and Southeast Asia. had launched its smart TVs. dia. It is not an easy journey Google Pay, WhatsApp pay- some way or the other can be open 5,000+ MI Stores across to acquire all of the outstand-
“We are here for the long and will not happen over- ment platform and Paytm. tapped into the Redmi fold. the country by end of 2019. ing stock of Yatra. —PTI
6.7
who sold a stake in the com- Mindtree trading window modification of its order that
dividend of `1,412 cr
PowerGrid uses “He will be playing a piv-
loan for capex New Delhi: Hyundai Motor to develop electric vehicles car manufacturer into a otal role in providing the
group on Tuesday said it is (EVs) and charging infra- driving online smart mobility solutions necessary leadership and
Power Grid Corporation investing $300 million in ride structure customised for In- provider, as the partnership strategic direction to the
said it has fully drawn a This is the biggest
New Delhi: Indian Oil Corp hailing service provider Ola, dian market, the companies initiatives will allow it to en- management team in achiev-
22 billion Japanese Yen (IOC) declared a second in- Filling coffers identifying India as the cen- said in joint statement.
combined investment so
gage in all aspects across the ing the company’s short-
loan and utilised it to far by the two auto cos
terim dividend of Rs 1,412 trepiece in its strategy to “Hyundai and Kia will in- entire mobility value chain term profitability and long-
finance capital IOC said its Board
crore for the current finan- gain leadership in global mo- vest a total of $300 million in The cos will also including vehicle produc- term growth objectives,
expenditure for its approved payment of Rs
cial year and ONGC agreed bility market. Ola,” it said. This will be the aim to develop EVs, tion, fleet operation and mo- aligned to the vision, mis-
ongoing and new 1.50 per share of 15% in
to do so next week to help the The investment will be biggest combined invest- customised charging bility services, it added. sion and core values of the
projects. Power Grid has second interim dividend
government meet its tax rev- jointly made by group firms- ment as on date by the two infrastructure Hyundai had already in- Fortis Group,” it added.
fully drawn the loan and enue target. The government owns Hyundai Motor Company and automobile companies. vested in car-sharing startup Before joining Fortis, Ra-
utilised the proceeds In a stock exchange filing, 53.88% stake in IOC Kia Motors Corporation- and Commenting on the devel- Revv, which last year raised ghuvanshi was working with
toward part-financing of IOC said its board at a meet- and stands to get about under a tripartite agreement opment, Hyundai Motor ket, and our partnership Rs 100 crore in a new funding Narayana Health as vice
its capital expenditure ing approved payment of Rs Rs 761 crore, excluding with Ola, the companies will Group executive vice-chair- with Ola will certainly accel- round led by the South Ko- chairman, managing direc-
for its ongoing and new 1.50 per share of 15% in sec- dividend distribution tax jointly develop electric vehi- man Euisun Chung said, “In- erate our efforts to trans- rean auto major. Revv plans tor and Group CEO, and was
projects. ond interim dividend for cles ecosystem and fleet ser- dia is the centrepiece of form into a smart mobility to plans to increase its geo- responsible for the opera-
2018-19 to shareholders. vices for global markets. Hyundai Motor Group’s solutions provider. Hyundai graphical footprint to 30 cit- tions of all the group hospi-
Maruti drives in “The dividend will be IOC Under the partnership, strategy to gain leadership Motor Group expects to ac- ies in India within a year tals across India and inter-
updated Eeco credited to the account of the Share price on BSE in ` 210 the three firms will also aim in the global mobility mar- celerate its transition from a from 11 cities. —PTI nationally, it said. —PTI
Maruti Suzuki India said shareholders or the dividend
193.23
it has launched an warrant in respect thereof 190
updated version of its
multi purpose vehicle
will be dispatched on or be-
fore April 10, 2019,” it said. 170
comment While lenders wait patiently for RCom to sell spectrum, Ericsson played its cards well
The government owns 162.10
FOOTBALL PSG have condemned anti-gay insults aimed at the club by former France and Man United captain Patrice Evra in an online video 10
much pressure thinking from his opening slot for late. they want to play lot of games your body at the end of the There have been a few addi-
about the No 4 slot Mumbai Indians to tend to “The team does under- to stay in touch. You take day. If the body tells take a tions to our batting and
which is up for grabs in the shaky middle-order. But stand that and as a team, the them away from the game rest, then take a rest or if it bowling groups, so we need
the Indian team "I have this season, with the World composition of players we and they lose the touch, and can continue, then you con- to address those little situa-
never had complaints Cup soon to follow the IPL, have right now, we have got it takes a little bit of time to tinue. Keeping World Cup in tions, and those things mat-
about my batting order the Indian team’s specialist some experience in the mid- come back to form. The play- mind, that is the priority. ter. That’s the difference
and have performed any- opening batsman will open dle-order and that allows me ers like to be in touch and “At the moment, though, between winning and losing
where I have batted. I the batting for the franchise. to go and bat at the top of the play. The individuals are very we are here for the biggest a game.
don't want to put any “This year, I will open the order,” said the 31-year-old smart and know when to take tournament in the world and
pressure on myself by batting for all the games. captain of Mumbai Indians, rest. Communication is very that is our priority as well. It
thinking about the No 4 That is for sure,” said Shar- which has won IPL an un- important and they are doing is not just me but the other
spot in the Indian team. ma here on Tuesday at Mum- precedented three times. that,” said Sharma. guys as well. We need to mon-
I understand that bat- bai Indians’ pre-season me- Sharma had a decent 2015 Sharma said that it was go- itor and see how they stand
ting order depends on dia interaction. World Cup campaign in Aus- ing to be a challenge to keep and how they respond. Keep-
lot of things. For India, I Sharma said that the deci- tralia when it preceded the the intensity going through ing everything in mind, we
am ready to bat at any sion was primarily keeping IPL. He led Mumbai Indians the IPL and going into the will take decisions collective-
position," Rahane said the quadrennial cricket ex- to their second title win on World Cup. ly on each individual,” said
in Jaipur on Tuesday Zaheer Khan, MI's director of operations, cricket, in Mumbai on Tuesday travaganza in mind. “World return then. This time, “We have constantly been Sharma.
on the tube
FOOTBALL
(All Live)
Pandya wants everyone to know his priority is cricket: Zaheer Rohit Sharma on MI
players making it to the
Indian team: I should
International Friendlies G Krishnan best way to go about his busi- gress in that fashion.” MI’s director of operations, cerned to see that sight on thank MI for the phenome-
Sony Ten 2 guru.krishnan@dnaindia.net ness is by going out there on Returning to action after cricket, said that Pandya’s the field. When I spoke with nal job in giving so many
01:15 (Thu) Germany vs that field and let his numbers serving the disciplinary pe- physical condition will be him, he said it was not some- cricketers to the Indian
Serbia Mumbai: Former India pac- talk. Hardik is in that frame riod, Pandya played in New constantly monitored. thing he has faced for the team. Have to thank the MI
Sony Ten 1 er Zaheer Khan said Hardik of mind. He wants opportuni- Zealand but missed the five- “We have the great Shane first time. He had a similar scouts for going to remote
01:15 (Thu) Wales vs Pandya is on the right track ties, he wants to go out there, match ODI series at home Bond (bowling coach from kind of issue with the back places and finding this tal-
Trinidad and Tobago after being out of the team express himself and let eve- against Australia due to low- New Zealand) with us and three-four years ago as well. ent. Trust me, Jasprit Bum-
for Australia limited-overs ryone know that his priority er back stiffness. He is work- you know the history of what It is related to what he feels rah and Axar Patel were
TENNIS series for disciplinary rea- is cricket. With Hardik, that ing his way back to recovery. he has been going through in through the crease when he found playing district
Sony ESPN sons. has always been the case. The Baroda all-rounder sus- his playing days. He is the is getting off, which has an matches in Gujarat and MI
20:30 ATP Miami Open Khan, India’s second high- “He is very serious and pas- tained the injury last year right guy he (Pandya) should impact. In the shorter run, it scout team went and saw
est Test wicket-taker among sionate about the game. In doubt about it. He is in consul- during the Asia Cup and was be talking to because he is is not going to have any con- them. Same with Hardik
BASKETBALL pacers with 311 sticks from 92 terms of monitoring his work- tation with the team of sup- out of action until late last someone who has been sequences because he is (Pandya), Krunal (Pandya),
Sony ESPN Tests, said: “Sometimes the load, he has been very good port staff that he has been year when he was included through that, had that issue pretty aware of where Mayank (Markande) now. It
05:30 NBA: Milwaukee vs distraction actually helps with that. For a fast bowler, for working with. So, everything on the tour of Australia. with his back that eventually things stand. In the longer is great to see these players
LA Lakers; 08:00 NBA: LA you get back on track. So, the kind of injury he had in is under control so far. He has One of India’s premier had an effect on his career. run, he knows what are the going out and taking their
Clippers vs Indiana Hardik is pretty much on Asia Cup, it is not easy. He has done a couple of bowling ses- pacers who had his share of “When I saw him in Asia thing needed to get rid of games to the next level.
track. For any cricketer, the to be monitored. There is no sions. And he has got to pro- injuries in his career, Khan, Cup, I was actually con- those issues permanently.”
Father urges people to fund his daughter’s Olympic dream captain: Gambhir
Rutvick Mehta to raise Rs 80,000 through it, and gain points to make the tested in Thailand, where she and that she feels proud when New Delhi: Virat Kohli is have won the trophy three
rutvick.mehta@dnaindia.net and have set the bar at Rs 20 Olympics cut. got the first real taste of com- she is known as an “Indian” not a “shrewd captain” who times – MS Dhoni and Rohit
lakh. Jadhav works in the fi- “I can provide some funds petition at the big stage and yet player and not by her name. could be compared to his na- Sharma. So I think he has a
Mumbai: Shreya Jadhav nance team of a private firm, from my personal amount, but clinched the gold. Her father She wants to experience tional team deputy Rohit long way to go. You cannot
might be all of 14, but the na- and while he has the capacity it’s not sufficient because we shelled out around Rs 1 lakh more of that, and ultimately Sharma or former skipper compare him to someone like
tional U-14 taekwondo cham- to sponsor Shreya’s various are a middle-class family. So, for that trip, an amount he can- be there at the 2024 Olympics. Mahendra Singh Dhoni, feels Rohit or Dhoni at this stage,”
pion has a vision. state and national tourna- we are trying to collect as not shell out regularly to sus- “It’s a long way to go. But I former India opener Gautam Gambhir said.
“I want taekwondo to be ments, he cannot afford send- many funds as possible from tain Shreya’s competitive hope that I get there with the Gambhir. “He has been a part of
popular in the country, and I ing her frequently to interna- the public, besides my own needs, which is at least four to help of everyone,” she says. Gambhir, who led Kolkata RCB, and captaining RCB for
want more people to know tional competitions. contribution,” he adds. five international tourna- Knight Riders to IPL titles in the last seven to eight years,
about taekwondo and also play Shreya has taken part in Shreya took up taekwondo ments a year. 2012 and 2014, feels that in re- and he has been very lucky
it,” says Shreya. only one international event at the age of four when her The Taekwondo Federation Shreya’s medal cabinet sult-oriented franchise envi- and should be thanking the
“Nobody knows a lot about so far, the 7th Tirak Taekwon- parents wanted their daughter of India comes into the picture Gold: TFI 4th Cadet ronment, Kohli has been franchise that they stuck with
taekwondo in India. Here, peo- do International in Thailand to learn self-defence. The only during tournaments or- National, Chennai; “lucky” to have survived de- him. Because, not many cap-
ple assume that it is like kara- in October 2017, where she re- sport, however, grew on the ganised by it. “They chip in February 2019 spite Royal Challengers Ban- tains have got such a long rope
te. But it’s not.. I want to bring turned with a gold. young girl, who began compet- with boarding, but travelling galore (RCB) never winning where they haven’t won a
about that change about taek- By participating in interna- ing at the age of six. and all other personal expens- Gold: TFI 4th Cadet the title in 8 years as skipper. tournament,” said Gambhir.
wondo in people,” she adds. tional competitions, a taek- Apart from Karkera, she es is on us. And that is only for State, Solapur; “I don’t see him as a However, another former
The Mumbai girl is seeking wondo athlete gains the re- has been coached by Prem Ku- tournaments organised by January 2019 shrewd captain. I don’t see skipper Sourav Ganguly felt
the support of the people for it. quired Global Membership mar and Siddhesh Ghag and them. If we go for open inter- him as a tactful captain. that there should be no ques-
Shreya’s father, Nitin Jadhav, System in order to qualify for trained in Mumbai’s Ruia Col- national competitions, they Bronze: National And, he hasn’t won the tions about Kohli’s captaincy.
has started a crowdfunding the Olympics. lege. Shreya went on to climb are not bound to give (funds). School Games, IPL. So ultimately, a cap- “If you talk about Virat Kohli
initiative to fund his daugh- Nitin says “According to the ladder and win medals in And those open tournaments Gujarat; tain is only as good as his and keeping him as a captain,
ter’s dream of representing her coach Bhaskar Karkera, various state and national are also very important,” Ni- Janaury 2019 record,” Gambhir said on just look at what he has done.
India at the 2024 Olympics she has the potential to excel competitions (see box), includ- tin says. Star Sports. What he has done with the
(https://www.impactguru. at the international stage. And ing winning gold in the U-14 Shreya says the Thailand Gold: 7th Tirak Taekwon- Gambhir’s comments is bat in every format of the
com/fundraiser/help-shreya- to go that level, she needs to Nationals in Chennai last outing was totally different do International, Thailand; specific to Kohli’s show as a game. Absolute champion.
nitin-jadhav). compete in as many interna- month. compared to the competition October 2017 leader in IPL alone. And he deserves to be captain
They have already managed tional competitions as possible But her mettle was truly level she gets in the country, “There are people who of RCB,” Ganguly said. —PTI
sP rt
www.dnaindia.com I twitter.com/dna I epaper.dnaindia.com I facebook.com/dnaindia
11
Ahmedabad I Wednesday, March 20, 2019 I daily news & analysis
worried about
guaranteed themselves address the workload issue and still look fresh. I don’t ers to take a call on how
a league record 22nd for any Team India player. think anyone should wor- much workload they
straight winning The World Cup follows ry about being fatigued. should take during IPL.
season.
fatigue, says the upcoming IPL season,
raising concerns about in-
The respective cricket
boards should leave it to
And in any case, where is
the guarantee that you
Prithviraj, Kynan
on final course
India’s Prithviraj Ton-
Ganguly juries and burnout to a
World Cup-bound player.
the players to take a call
on this issue,” he said.
will not get injured while
playing for the country?”
2 Aditya Mehta poses with the CCI All India Open Snooker C’ship trophy champion’s demise aussie felt unwell during practice session in florida
After
www.dnaindia.com
C
inema has immense for action-led films. After Trade analyst Komal
Akshay Kumar in Kesari power as it reaches all, it’s always cathartic Live action is Nahta is of the opinion,
out to a wide to see a hero win over the coupled with real, “Action films generally
B
audience. Over the bad men. appeal to masses more than
ollywood superstar but our kids have no idea years, apart from music and Larger-than-life visuals magnificent family and class audiences,
Akshay Kumar’s about the war where 21 In Kesari, Akshay stars as the leader of drama, filmmakers have on the big screen not only
animals like but if an action-based movie
Kesari captures the
Battle of Saragarhi
Sikh soldiers fought 10,000
invaders knowing they will
the army of 21 Sikh soldiers who fought used action to tell a
powerful tale. Successful
make viewers pause and
take notice but also ensure elephants in this
has other entertaining
factors, too, then it becomes
on celluloid. The film is die. They managed to kill against 10,000 invaders. The film is a franchises across the world that the film’s subject leaves
Chuck Russell universally appealing.
based on the historic event
that took place in 1897 and
900. We are happy to see a
fictitious film like 300, but
story of valour, sacrifice and patriotism have shown that when
packaged with crisp fight
an indelible impression
on them. directorial
Gadar: Ek Prem Katha was
the biggest blockbuster of
is documented as one of don’t celebrate our real sequences, even sensitive Ever since the trailer of its time and families,
the bravest battles ever stories of bravery. I hope a story that impacts story for us came through topics help in conveying the Vidyut Jammwal’s Junglee classes and masses took it
fought. Even Google bears now the chapter of the millions and salutes the memories from the most difficult emotions. has been released, trade is There have been movies to another level altogether.
testimony to this fact. Battle of Saragarhi is unsung heroes of our coun- Saragarhi Memorial at From a heartfelt film abuzz that viewers will which showed the bond In fact, the deadliest
Centuries later, the added to history books.” try.’’ Shariq Patel, CEO, Zee Ferozepur. This is a story like Logan to a coming- welcome this cinematic between human beings and combination is action with
audiences will get to see Apoorva Mehta, CEO, Studios, states, “It’s been of valour we should be of-age story like the treat with open arms. Some animals — right from emotions. In recent times, I
this fierce story on the Dharma Production, adds, our vision at Zee Studios to proud and aware of and Spider-Man series, all have of them are also hailing the Haathi Mere Saathi, which saw that combination in the
big screen. “With the bravery and cour- support great historical what better way to accom- heavily depended on engag- actor as India’s Tarzan. had Rajesh Khanna and trailer of Junglee.
The Anurag Singh age displayed by the stories. With Kesari, we plish that than to embed it ing narrative and action to Live action coupled with an elephant, to Teri Additionally, it has animal-
directorial is a true story 21 Sikhs coming onto the are happy to bring to life in the curriculum at drive home the message. real, magnificent animals Meherbaniyan, which had human bonding, which has
of valour, sacrifice and big screen, this film has giv- this lesser known, but schools.” Today, due to their fast- like elephants in this Jackie Shroff and a dog. not been seen in Hindi
patriotism. Talking about en us the opportunity to significant story of bravery Kesari, produced by paced stress-ridden lives, Chuck Russell directorial There have been so many cinema for many years. I
his March 21 release, bring forth these hidden and valour.” Hiroo Yash Johar, Aruna audiences have taken to less has left the audience movies in which creatures think, people will flock to
Akshay, who plays the pages of our history for our Speaking about why this Bhatia, Karan Johar, preachy and more entertain- waiting for more. have played pivotal roles cinemas to watch Junglee
lead role in it, says, “I’m younger generations to ex- tale needs to find a place in Apoorva Mehta, Sunir ing forms of storytelling. Trade analyst Taran and they have worked because of these reasons.”
proud to be associated with perience and witness. This the curriculum, Sunir Kheterpal and presented Subjects have become Adarsh says, “Action with because people love them. Junglee, produced by
Kesari. In Britain, people alone fills our hearts with Kheterpal of Azure Films, by Zee Studios, releases intense while narration has emotions is the cherry on For me, a film with animals Vineet Jain and co-produced
celebrate Saragarhi Day, pride that we get to narrate says, “The germ of this tomorrow. become more visual, which the cake. Of course, there and action makes for a by Priti Shahani, releases
makes it a win-win situation has to be a storyline with it. perfect family outing.” worldwide on March 29.
L
ast month, Sanjay
Leela Bhansali put Manish D Mishra priority, pairing
A
speculations to rest gladiator sandals
when he announced Holi brunch is with a short flared
that his next project will star traditionally dress works best.
Salman Khan. There were synonymous Sandals are a great
rumours that Shah Rukh with option if you are go-
Khan, too, will play a promi- pristine whites, ing for a stylish yet
nent role in it and an A-list sugary pastels comfortable look.
heroine will be locked for the and vibrant When it comes to
female lead’s role. prints. Howev- accessories, one
er, this festive can always opt for
Alia, it is! season, it’s all some simple layered
After sharing screen space about chintz A bracelet necklaces or can also
with SRK in Dear Zindagi, prints, mirror from Anaqa add a bohemian vibe by
Alia will be seen with embellishments Jewels wearing tassels.”
Salman in the Bhansali and striking neon
directorial titled Inshallah. hues. “An all- Avoid transparent
A source tells us, “Alia has lime green outfit, fabrics
completed all the formali- too, can make a Alternatively, women can
ties and signed on the statement. In settle for anything old yet
dotted line.” The informer terms of silhouettes, a pair fun and easy; printed loose
adds, “When SLB was of relaxed pyjama pants with pants with a tank top work
planning the cast, he a loose cape top would be extremely well, too. Designer
met Karan (Johar), ideal. The look is easy breezy Nikhil Thampi suggests, “Of
who showed him and just in case you get any course, one should avoid a
rushes of Kalank. Salman Khan colour on you, the outfit fabric that is too transpar-
The Padmaavat would not stick to your body. ent. Dark hues would be ide-
filmmaker was If you are going for al. Men can com-
impressed with Alia is a great brighter colours, it bine a pair of
Alia’s grace performer. would be nice to team shorts with a
and poise. He a pair of shorts with slogan
then met her
I knew that she a buttoned- T-shirt or even
and had an would grow up down shirt club a pair of
hour-long to be a great in the same pants with a
discussion.” tonal basic kurta.
The film is actress the day she palette,” Bring out your
expected to auditioned for me says quirky scarves, hair
roll around designer SKO footwear bands and sunglasses;
December as a nine-year-old A look from A model in Arpita definitely avoid jewellery,
Suket Dhir Mishru
after Salman and girl for Black Mehta. fine or faux.”
Alia complete She adds, “Keep- For the full story, log on to
their other work Sanjay Leela Bhansali, ing comfort as a www.dnaindia.com
commitments. Sanjay Leela Bhansali filmmaker
Alia Bhatt Contd on P13
Disclaimer: Note to reader: Some of the content/coverage that appear in our special ‘feature’ page/s may be paid for by the concerned brands. Such page/s will be appropriately declared as ‘features pages’ (e.g. reader engagement feature, etc.)
After
Etc daily news & analysis
Ahmedabad I Wednesday, March 20, 2019
13
Kat or Bhumi?
Contd from P12
A
fter months of hiding from the
prying eyes of the media, Vicky
Kaushal had publicly announced
his love for girlfriend Harleen
Sethi, during the promotions of
Manmarziyaan (2018). While everyone was
rooting for this new B-Town couple, we
now hear that the two actors have split.
Apparently, Harleen got upset with Vicky’s
closeness to his co-stars and also blocked
him from her social media handles. On the
other hand, the Uri: The Surgical Strike Alia Bhatt Salman Khan
actor still follows his ex on Instagram.
The heartbroken actress has since
then been liking several emotional This will be Sanjay Leela No Shah Rukh Khan!
messages, dropping major hints about a Bhansali’s first project with the Contrary to what’s being reported,
possible split. Now, the question is — Raazi actress. Speaking about this Shah Rukh Khan won’t be a part
who’s responsible for their break-up? association, he tells us, “It’s always of the project. “Sanjay has three
Some sources claim that Vicky’s growing a pleasure to work with wonderful scripts. One is Inshallah, which is
fondness for Bhumi Pednekar caused the actors and Alia is a great perform- an eternal love story, the other is
dent in his relationship with Harleen, er. I knew that she would grow up on the lines of Hum Dil De Chuke
while others are speculating about his to be a great actress the day she Sanam (1999), while the third is a
alleged closeness to Katrina Kaif. Either auditioned for me as a nine-year- two-hero period saga. SLB is talk-
way, looks like both of Vicky’s newfound old girl for Black (2005). Finally, in ing to Shah Rukh and Salman for
Katrina Kaif Bhumi Pednekar friendships didn’t go down too well with Harleen Sethi and Vicky Kaushal 2019, everything has fallen into the second and the third, but he is
Harleen. Oops! place and I am looking forward to presently making the first,” adds
our association.” our source.
Tinkersons
crossword
spring
solutions
sudoku
Marjorie Orr
Your year ahead will be challenging, but with perseverance and resourcefulness you will overcome any obstacles to succeed. Being conscientious and
IF IT’S YOUR self-disciplined will pay off, with praise coming from those whose judgement you trust. You will be swept away on enthusiasm for grander plans than
BIRTHDAY TODAY usual, which won’t all be realistic but you’ll have fun following your dream. From mid-year, you will take time out to focus on home and family matters.
2
In future, in case you
see two Dalai Lamas
mal training in teaching,
learning or assessment.
& certificates, Class 12 to stay same many have been over the top,
and the one released late on
come, one from here, Their understanding and New Delhi: The Central Board of Secondary Educa- Monday featuring Justice
in free country (India), one
chosen by Chinese, then
nobody will trust, nobody will
Netflix confirms won’t be part of capabilities are built infor-
mally out of their own ex-
periences or shared with
tion (CBSE) will issue a single document combining
the certificate and marksheet for class 10 board exams
from this year onwards, officials said on Tuesday. A
Minister Ayelet Shaked
pushed lots of buttons.
The ad tries to play on ac-