BENGALURU WEDNESDAY JANUARY 11, 2017 `5.00 PAGES 26 LATE CITY EDITION FIFA APPROVES EXPANSION OF WC TO 48 TEAMS IN 2026 PRESIDENT INFANTINO DELIVERS Ruling council of football's governing body rubber-stamps proposal to increase number of countries in flagship event SIXTEEN GROUPS OF THREE TEAMS This was one of the poll promises of Gianni Infantino. He ran on the powers of 'inclusion' and taking the World Cup to more countries. The tournament is set to be spread across 32 days. USA are rumoured to have shown an interest in hosting the event. P17 ■ The event will see 16 groups, with two teams progressing to the knockout stage. FIFA has also talked about the possibility of a penalty shootout in all drawn group games. ■ World Cup winner Diego Maradona has backed it but critics have warned such a move would dilute quality. 80 NUMBER OF MATCHES THE NEW FORMAT WOULD HAVE CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ TIRUCHY ■ TIRUPATI A3-4 lakh crore AMIT BANDRE BSY cracks the whip, suspends KSE associate Tax-evaded income now in banks The government has found an estimated C3-4 lakh crore of tax-evaded income to have been deposited in banks since the note ban. The IT dept has been asked to scrutinise details CORPORATE EARNINGS LIKELY TO DIP TO 4% IN THIRD QUARTER E X P R E S S N E W S S E R V I C E @Bengaluru THE simmering feud between state BJP president BS Yeddyurappa and senior party leader KS Eshwarappa reached an anticlimax on Tuesday with the party sus, pending Eshwarappa aide and former Bengaluru mayor D Venkatesh Murthy The strong action was taken over . anti-party activities, or more specifically, that of the Sangolli Rayanna Brigade, of which Murthy is general secretary . A letter by the BJP city president P N Sadashiva stated that despite being a member of the BJP Murthy was , working against party interests in Basavanagudi Assembly constituency and Bengaluru city Sadashiva also . stated that Murthy had not replied to a show cause notice and hence was being suspended from the primary membership of the party . The action against three-time corporator Murthy is seen as a strong message to Eshwarappa, who is Leader of Opposition in the Council, to refrain from propping up the Rayanna Brigade. Despite repeated warnings from both state and central leadership, Eshwarappa had refused to dissociate himself from the Brigade. On Tuesday morning too, Eshwarappa who was attending a D Venkatesh Murthy Brigade convention in Kalaburagi, brazenly announced that since Yeddyurappa rejected the support of the Brigade, they had decided to keep distance from the BJP and build it as an apolitical group. “The Brigade does not intend to work for the success of Yeddyurappa or BJP in the elections. As of now the Brigade has given liberty to its members to contest from any party or back any party forwarding the cause of dalits and oppressed class,” Eshwarappa said. The Brigade, floated to mobilise backward classes for the upcoming Assembly elections, has been a cause of friction between rivals Yeddyurappa and Eshwarappa. Over the past few months, BJP national general secretary Ram Madhav and Muralidhar Rao, the general secretary in charge of Karnataka affairs, had on different occasions issued a strict warning to members not to undertake any activities outside BJP or face disciplinary action. But Eshwarappa had continued holding massive conventions across Karnataka. Another convention is scheduled in Padmanabhanagar in Bengaluru on Wednesday . ‘BRIGADE WILL NOT SUPPORT BJP’:P7 The Brigade does not intend to work for the success of Yeddyurappa or BJP in the elections. As of now the Brigade has given liberty to its members to contest from any party or back any party forwarding the cause of dalits and oppressed class KS Eshwarappa Though no firm decision was taken initially, whether to demonetise or not, preparations still went on for introduction of new series notes as that was needed in any case RBI response to PAC After recording an average revenue growth of 6.3 per cent for three quarters, corporate earnings for key sectors are likely to dip to 4 per cent in Oct-Dec quarter, said a Crisil report Moreover, the impact of note ban, announced on November 8, will continue into the fourth quarter (January-March) of the current fiscal, it said RBI had only 24 hrs to plan de-mon drive Note ban was an advice given by the government that was followed despite just a one-day notice, the RBI has revealed; even as industries bleed due to cash crunch, govt estimates C3-4 trillion black money to have been deposited in banks E X P R E S S N E W S S E R V I C E @ New Delhi DEMONETISATION of the `500 and `1,000 currency notes was an ‘advice’ given by the Central Government that the Reserve Bank of India followed, despite the short notice of less than 24 hours. This was communicated to Parliament’s Committee of Finance, headed by Congress leader M Veerappa Moily , by the central bank through a seven-page note. In its submission, the RBI also clarifies it had been working on the introduction of a new series of banknotes, with improved security features to prevent counterfeiting, over the last few years. “Though no firm decision was taken initially whether to demon, etise or not, preparations still went on for introduction of new series notes, as that was needed in any case,” the report said. The report puts to rest the confusions created by statements from both within and outside the government that demonetisation was suggested by the central bank and implemented by the government. The RBI highlights that it was prepared with the introduction of `2,000 notes to tackle the problem of fake currency in the market and demonetisation coincided with it. However, despite all the caution exercised to maintain the shockvalue of the move, a big chunk of black money has found its way back into the system, feel analysts. “Perhaps there was a leakage in the banking system or banks were ill-equipped to track the black money that has sneaked back into the system. The RBI needs to seriously work with the IT department and other agencies to pull out this black money,” says senior economist Vijay Sardana. Backing this opinion, statistics released by the government on Tuesday estimates nearly `3-4 trillion tax-evaded money to have flown back into the banking system in the 50-day window post-demonetisation. The Income Tax department is scrutinizing the accounts in more than 60 banks that had received deposits of more than `2 lakh since November 8, which is estimated to be about `7.34 trillion. More than `10,700 crore cash deposited in different accounts in the North Eastern states since November 9 and over `16,000 crore deposited in different accounts of cooperative banks are under the lens of IT department. It is also examining the `25,000 crore cash was deposited in dormant bank accounts and more than `13,000 crore in Regional Rural Banks were deposited while nearly `80,000 crore of repayment of loans was done in cash since November 8, 2016. Auto sales plummet to 16-year low on demonetisation 18.7% Drop in auto sales Dec owing to negative sentiments One of the key measures of consumer demand in the economy, auto sales plummeted to a 16-year low with total vehicle sales dropping by 18.66 per cent in December. Industry analysts have blamed the fall on demonetisation and associated negative consumer sentiments. FULL REPORT: P15 Housing sales slide to 6-year low in Oct-Dec quarter 44% Home sales dropped by that much across eight major cities Housing market came to a “complete standstill” during OctoberDecember 2016 on adverse impact of demonetisation as sales fell by 44% in the eight top cities, lowest level since 2010, resulting in Rs22,600 crore revenue loss to the builders, according to property consultant Knight Frank Business confidence falls to 31-quarter low (Jan-Mar) 65.4 Business optimism index falls over cash crunch Business confidence for Jan-March quarter of 2017 plunged to a 31-quarter low as severe cash crunch heightened uncertainty amongst companies and dented their optimism, says a survey by Dun & Bradstreet. The index stood at 65.4 during the first quarter of 2017, a decrease of 23.9% compared to same period last year Construction, informal sector claim to be worst hit 70% Businesses in Mumbai and Pune say note ban hit hard Demonetisation has impacted nearly 70 per cent of businessmen in the country’s financial capital of Mumbai and manufacturing hub of Pune along with nearby areas, says a research report by the SBI. Sectors such as construction and the informal roadside vendors are the worst hit by note-ban, the report adds EXPRESS READ NE boy in coma, cops rule out racial attack PM Narendra Modi on Tuesday addressed the Vibrant Gujarat Global Summit, dubbed ‘Davos of the East’ that had Fortune 500 CEOs and global leaders in attendance. Highlights: $130 bn Total FDI inflows in the last twoand-a-half years EXPRESS NEWS SERVICE @ Bengaluru A hotel employee and native of Arunachal Pradesh, working in Bengaluru, has been lying in coma since Saturday in NIMHANS hospital after sustaining head injuries while returning home after work. While police claim 22-year-old Khuadun Khangham from Longdong district suffered injuries in an accident, members of North East Solidarity group have alleged racial attack and claimed Khangham was thrown out of a vehicle. The incident took place near Sony Signal, Koramangala, on Saturday around 1.30am. In his complaint, Khuadun’s room-mate Debeswor Wangsu stated, “Khuadun did not return from work at his usual time. When I called his number at 2.20am, police received the call and asked me to come to Sony Signal. On reaching the spot, I found police had by then shifted him to NIMHANS. I suspect he was attacked by others.” Doctors at NIMHANS said he is out of danger though he has multiP8 ple injuries on his body . Twin Taliban blasts kill 38 in Afghanistan Economic reforms to continue, says PM PM Narendra Modi addresses the Vibrant Gujarat Global Summit in Gandhinagar on Tuesday | PTI India continues to be among the top ten countries in terms of FDI inflows After backlash, IOA revokes appointments of Kalmadi, Chautala Facing a severe backlash for appointing scamtainted Suresh Kalmadi and Abhay Singh Chautala as life presidents, the Indian Olympic Association has been forced to revoke its decision. An IOA official confirmed that the appointments has been declared “null and void”. P16 BSF orders inquiry into constable’s allegations of ‘deplorable’ conditions The BSF on Tuesday said an inquiry has been ordered into allegations made by constable T B Yadav who had taken to Facebook on Sunday to highlight ‘deplorable’ conditions in the forces. BSF IG DK Upadhyay said Yadav was to be court martialed in 2010 for indisciplinary actions. P9 Make in India: It has become India’s ‘biggest brand’ Ease of doing business: Taken steps to ease licensing processes, and rationalise provisions of clearances, returns, and inspections B49,000 crore: Adani Group to invest in Gujarat over the next five years Creating an enabling environment for business and attracting investments is my top priority. We have to do this in order to create opportunities for our youth Narendra Modi Mulayam, Akhilesh stick to their guns Another patch-up bid between the warring factions of the Samajwadi Party came a cropper on Tuesday as Akhilesh and Mulayam failed to resolve their differences 90-minute Sources say party presidentship was the biggest bone of contention meeting fails between the two. as both father and son Mulayam wanted Akhilesh remained to give up his claim to the adamant on their post of party president, the respective stands latter has refused to budge. BICYCLE SYMBOL: Election Commission to hear warring sides on January 13 to decide which side gets it. P11 Twin blasts struck near the Afghan parliament in Kabul on Tuesday, killing at least 38 people, including civilians and military personnel, and wounding 72 others in the rush-hour attack, according to officials. Terrror group Taliban immediately claimed responsibility for the bombings. P13 Kejriwal virtually AAP’s Punjab CM candidate Arvind Kejriwal was virtually declared the CM candidate in Punjab by his Aam Aadmi Party. “Vote thinking that you are voting to make Arvind Kejriwal as the Chief Minister (of Punjab). Your vote is for Kejriwal,” Delhi DyCM Manish Sisodia said. P11 Woman raped by three in cab from Kolar to B’luru E X P R E S S N E W S S E R V I C E @Kolar A 24-year-old mother of two was allegedly raped by three men in a cab, on the way from her village in Kolar towards Bengaluru. The cab driver, who is from the same village and is known to the victim, forced her to accompany him in the car on a false pretext, saying her brother was lying inebriated on the outskirts of the village. Later, he was joined by two friends who took turns to rape her in the car. The woman was later dumped at Kogilu Cross in Yelahanka. Police have formed teams and are on the lookout for the men. The incident happened on Sunday evening when the woman, a resident of Doddavallabhi village in Vemgal police limits, was informed by Vijay Kumar, a 22-year-old cab driver, that her brother was lying on the outskirts of the village in an inebriated state. He asked her to come along in the cab so that they can fetch him home. When she said she would inform her husband, a farmer, and other family members as well, Vijay said there was no need and they both could bring him back. On the way, Vijay was joined by two of his friends who took turns to sexually assault her. Later they dumped her at Kogilu Cross on Ballari Road in Yelahanka. According to Kolar Superintendent of Police Divya V Gopinath, the victim lodged the complaint in Yelahanka Police Station but the case was transferred to the jurisdictional police station in Vemgal on Monday night. The trio allegedly threatened her with dire consequences if she informed her family or police. She managed to get help from passersby and inform her family. Once her kin arrived, the victim lodged a complaint at Yelahanka police station. Inspector General of Police (Central Range ) Seemant Kumar Singh told Express that four teams have been formed to nab the three accused.
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