SBI EMI GOES NORTH SBI hikes its marginal cost of funds based lending rate (MCLR) - the rate below which it cannot lend - for 1 year by 20 basis points to 8.15% from 7.95% 8.15% It means, if you have taken a floating housing loan for H30 lakh for 20 years at MCLR level, your EMI will go up by H374 per month BELAGAVI FRIDAY MARCH 2, 2018 `5.00 PAGES 16 LATE CITY EDITION CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR CBI to now go after Chidambaram, question him Delhi court grants five-day police remand for Karti’s custodial interrogation to unearth the larger conspiracy in the INX bribe case JUDGE SEES R A K E S H K S I N G H @ New Delhi MERIT IN CBI REQUEST THE CBI will soon question for“I am of the view that the police custody of accused Karti Chidambaram is necessary to confront the accused with documents, co-accused and to unearth the larger conspiracy. He is remanded in fiveday police custody,” Special Judge Sunil Rana said MONEY TRAIL The CBI has found payment of `7 million into Karti’s accounts in Spain and Greece, sources said. It had also seized three mobile phones during searches at his premises last year mer finance minister and senior Congress leader P Chidambaram in connection with the INX Media case in which the agency had arrested his son Karti on Wednesday . A designated court, meanwhile, granted five-day police remand of Karti till March 6 during which he will be subjected to custodial interrogation to join the dots and wrap up the probe. “Former Finance Minister Chidambaram will be summoned to the agency headquarters here and questioned soon. Although he is not named as an accused in the case, his role in grant of irregular FIPB clearance to INX Media is part of the FIR,” a CBI official supervising the probe said. Additionally, the CBI has secured a statement under Section 164 of the Criminal Procedure Code from co-accused in the case Indrani Mukherjea in which she has admitted that she along with her husband Peter Mukherjea had met Chidambaram at his North Ex-finance minister P Chidambaram at a Delhi court where his son Karti was produced on Thursday | PRAVEEN NEGI Block office here where he asked them to help in the business of his son Karti and to make foreign remittances for this purpose. In her statement recorded before a magistrate, Indrani admitted of having met Karti in a five star hotel in Delhi where a demand for illegal gratification $1 million was made by Karti who suggested the names of Chess Management and Advantage Strategic Consulting (P) Ltd (ASCPL) as alternatives to make payments. In her statement under Section 164 of CrPC, which is admissible as evidence in a court of law, Indrani confirmed payment of USD seven lakh abroad. Four invoices adding up to approximate amount of USD seven lakh drawn by ASCPL, its Singapore subsidiary, another associate company (Northstar Software Solutions Pvt Ltd) and Geben Trading Ltd were recovered from the hard disks of computers of Bhaskararaman, CA of Chidambaram. Additional Solicitor General Tushar Mehta, who appeared for the CBI during the remand plea hearing, said one-day CBI custody of Karti was not enough. “We need to interrogate as he has been evasive completely and was not cooperating. The accused is required to be confronted with other accused, co-accused and suspects which will take time and 14 days remand is minimum requirement for interrogation of the accused,” Mehta argued. Cabinet nod for Fugitive Economic Offenders Bill P T I @ New Delhi THE Cabinet on Thursday approved a stringent Fugitive Economic Offenders Bill that provides for confiscating assets without conviction in cases where economic offenders flee the country . The bill is aimed at deterring economic offenders like jeweller Nirav Modi from fleeing the country or not returning to face trial. Official sources said the Cabinet headed by Prime Minister Narendra Modi approved the bill, which is likely to be brought before Parliament in the second half of the budget session beginning March 5. The provisions of the bill will apply for economic offenders who refuse to return. Persons against whom an arrest warrant has been issued for a scheduled offence as well as wilful bank loan defaulters with outstanding over R100 crore. It provides for confiscating assets even without conviction and paying off lenders by selling off the fugitive’s properties. Such economic offenders will be tried under prevention of money laundering act, they said. The Bill has been proposed to address the lacunae in the present laws and lay down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts. The Bill makes provisions for a Court (‘Special Court’ under the Prevention of Money-laundering Act, 2002) to declare a person as a Fugitive Economic Offender. Babu who unmasked fleecing hospital lobby shifted DAMAGE TO PHONE: CONG NETA BEATS CONDUCTOR E N S @ New Delhi CHAMARAJNAGAR: Even before the Congress could salvage its image that took a beating after Youth Congress leader M Nalapad Haris and his friends’ alleged attack on a youth at a pub in Bengaluru, a Congress leader associated with its social media wing and his friends have assaulted a KSRTC bus conductor here on Thursday according to eyewitnesses. , The Congress neta, Mahadevaswamy, was enraged after his cell phone slipped from his hand when the conductor was trying to send a passenger to the front. That was reason enough for the neta and his friends to thrash conductor Raju black and blue. They even allegedly demanded that the conductor either get the cell phone replaced or get the scratches repaired. ENS P6 DAYS after making public a report that highlighted how four big corporate hospitals in the national capital region indulge in exorbitant profiteering and misconduct, the head of India’s drug pricing regulator was suddenly transferred by the government. Bhupendra Singh, who served as chairman of the National Pharmaceutical Pricing Authority (NPPA) , was shifted to the Na- tional Authority for Chemical Weapons Convention on Wednesday, more than a year before his three-year term was to end. His re p l a c e m e n t i s ye t t o b e announced. Though government officials said the transfer was part of an administrative reorganisation that saw a rejig of several IAS officers, the move did not go down well with health activists and even some officials in the Union Ministry of Health and Family Welfare. “Singh had taken steps to ensure the affordability of The analysis that found that they (hospitals) had earned up to 1,737% profit on some items was released to the public. Naturally, a section of the government was not comfortable with this fresh enthusiasm by the NPPA Official source WORLD’S LARGEST SOLAR PLANT INAUGURATED P4 Man kills 20-year-old daughter in suspected honour killing case E X P R E S S N E W S S E R V I C E @ Mysuru AN anonymous letter to Superintendent of Police Ravi D Channannavar has helped in unravelling a murder case that was committed on February 21. A man had allegedly murdered his 20-year-old daughter, only to save his honour, as she had married a youth belonging to a different caste four Sushmita months ago. The girl, identified as Sushmita, was killed allegedly by her father at Gollanabeedu in H D Kote taluk. While the girl’s father Kumar has been arrested, her mother Jayanti and paternal uncle Kempa (Kumar’s younger brother) are absconding. The girl was allegedly force-fed soft drinks spiked with poison by her father. Kumar later hanged her body from a pole and set it on fire in his fields. He later tilled the land using his tractor to destroy the crime scene. The girl was in love with Umesh from the neighbouring Halahalli village. Sushmita and Umesh knew each other since high school and were in love with each other. Her parents, who got to know about the affair, stopped sending her to college. Sushmita later eloped with Umesh and they got married at Maramma Temple at Hulikere near KRS four months ago. Following Kumar’s complaint to the village panchayat, the couple was summoned and ordered to stay separately for some time. Sushmita was living with her aunt in Hulikere. Sushmita’s parents thought she had caused a grave insult to the family by marrying out of caste and allegedly decided to kill her. A case has been registered against Kumar, his wife and his brother. P4 medicines and medical devices. That discomforted the pharma industry as NPPA took important decisions on introducing price caps for cardiac stents and knee implants,” a joint secretary-level officer said. “The NPPA further reduced the cost of stents and did not bow to pressure from US MNCs to create a separate category of imported advanced stents that can be priced higher,” another source said. Kharge declines offer to attend Lokpal meeting P T I @ New Delhi THE Congress on Thursday decided to boycott the meeting of the Lokpal Selection Committee, with leader of the party in Lok Sabha Mallikarjun Kharge refusing the government’s offer to attend it as a special invitee. In a letter to Prime Minister Narendra Modi, Kharge has said that a special invitee invitation is a concerted effort to exclude the voice of the opposition in Lokpal selection. As per the Lokpal and Lokayukta Act, 2013, only the leader of the opposition in Lok Sabha is a member of the Selection Committee and since Kharge does not have that status, he is not part of the panel. The government had invited him for Thursday’s meeting of Selection Committee as a special invitee. A special invitee invitation is a concerted effort to exclude the independent voice of the opposition altogether from the selection process of the most important anti corruption watchdog, Kharge said in his letter to the prime minister. Kharge has said that this negates the letter and spirit of the Lokpal and Lokayukta Act, 2013, and accused the government of adopting this route as a mere paper formality rather than seek any meaningful and constr uctive participation. He said that if the government is serious about the appointment of the anticorruption watchdog, it must bring an ordinance in the shape of an amending bill, which he also sent along with his letter. The government has brought out amendments in other Acts to replace the Leader of Opposition to leader of single largest party in opposition, it has not done so in the Lokpal Act Mallikarjun Kharge
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