KOCHI l THURSDAY l OCTOBER 10, 2019 l `7.00 l PAGES 20 l LATE CITY EDITION 3 WIN NOBEL FOR WORK ON LITHIUM-ION BATTERIES Chemistry Nobel 2019 was shared by US’s John Goodenough, Britain’s Stanley Whittingham and Akira Yoshino of Japan AKIRA YOSHINO STANLEY WHITTINGHAM JOHN B. GOODENOUGH EQUAL CONTRIBUTION BY ALL THREE ■ PRIZE OLDEST TO WIN A NOBEL PRIZE Seeking an alternative source of power during the oil crisis of the 1970s, Whittingham discovered a way to harness the potential energy in lithium, a metal so light it floats on water. Goodenough built on Whittingham’s prototype, doubling the potential energy of the battery. Yoshino used a carbon-based material to store lithium ions, making it commercially viable ■ ■ Goodenough, 97, holds the Cockrell Chair in Engineering at the University of Texas at Austin. He is the oldest to win a Nobel Yoshino, 71, is a professor at Meijo University in Nagoya, Japan Whittingham, 77, is a professor at the Binghamton University, State University of New York THE TRIO WILL SHARE THE 9 MN SWEDISH KRONOR ($914,000 ) PRIZE 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 ■ KALABURAGI India delivers K-punch on Xi before Mahabs talks Qamishli TURKEY @ New Delhi SEEKING BLESSINGS World badminton champion P V Sindhu after offering prayers at the Sree Padmanabhaswamy temple in Thiruvananthapuram on Wednesday | EXPRESS EXPRESS READ PWD gets new secy in major reshuffle T’Puram: Taxes Principal Secretary Rajesh Kumar Singh will replace G Kamala Vardhana Rao as the new PWD secretary as the Cabinet on Wednesday went for a major reshuffle. P6 2 more families demand probe into kin’s death Kozhikode: Following Rural SP K G Simon’s revelation that Jollyamma had made attempts to kill many people, two families have demanded probe into the mysterious death of their kin. P5 TWO days before Chinese President Xi Jinping lands in Chennai for the second informal summit with Prime Minister Narendra Modi in Mamallapuram, India hit back strongly at Beijing for a reference on Kashmir during Xi’s talks with Pakistan Prime Minister Imran Khan on Wednesday . “It is not for other countries to comment on the internal affairs of India,” India’s Ministry of External Affairs (MEA) spokesman Raveesh Kumar said, adding that New Delhi’s “position has been consistent and clear that J&K is an integral part of India. China is well aware of our position.” What apparently annoyed India was China’s reference to the UN Charter and the UN Security Council resolutions on Kashmir in the joint statement released after the Xi-Khan summit. On Tuesday, the Chinese foreign ministry had said Kashmir should be settled bilaterally omitting references to the , UN, which was erroneously Huge trade deficit to figure in talks n India is expected to take up with China its concerns over its trade deficit touching $57.86 billion n Trade and non-trade barriers are impeding ties, China to be told n China’s refusal to accept international certifications, such as USFDA for Indian drugs, could also be flagged read as a softening of stance. The joint statement said, China was paying close attention to the current situation in J&K, adding: “The Kashmir issue is a dispute left from history, and Sedition case against Adoor, others closed Kerala Bank gets RBI nod; Malappuram uninterested RAJESH KUMAR THAKUR EXPRESS NEWS SERVICE @ Patna @ T’Puram AFTER his five seconds of fame by getting 49 eminent personalities, including f i l m m a ke r A d o o r G o palakrishnan, booked for sedition, Muzaffarpur lawyer Sudhir Kumar Ojha was at the wrong end of the Bihar Police’s stick on Wednesday as it went after him for falsely implicating the celebs. While ordering closure of the forst information report (FIR) against the 49 celebrities, who had written an open letter written to Prime Minister Narendra Modi sharing concern over the rising incidence of hate crime in India, including mob lynching, the police decided to book Ojha for framing them up. Ojha is to be charged under sections 182 and 211 of the CrPC (intentionally lodging a false case that lacked substance or proof of sedition). KERALA Bank is set to become a reality finally as it has received the Reserve Bank of India’s (RBI) green light after a three-year wait. The central bank on Wednesday gave state government the nod to start Kerala Bank --- an amalgamation of district cooperative banks --- upon meeting six conditions. The state has not set any specific date for starting the bank’s operation. Kerala Bank will be for med by merging more than 800 branches of district co-operative banks (DCBs) in 13 district into the Kerala State Cooperative Bank (KSCB). The Malappuram DCB has chosen to stay away . Following the merger, the cooperative banking sector will become a two-tier structure with Kerala Bank on top and Primary Agriculture Credit Societies at the bottom. Kerala Bank will be subjected to the RBI’s banking norms, 20 PAGES, INCLUDING 4 PAGES OF KOCHI EXPRESS including maintenance of capital adequacy ratio at 9 per cent. The ratio measures the bank’s financial strength in absorbing losses. “The co-operative sector has been waiting for Kerala Bank’s formation for long,” said Minister for Co-Operation, Tourism and Devaswoms Kadakampally Surendran. He said the merger of DCBs will be subjected to resolution of cases before the High Court regarding amendment to Section 14 A of the Kerala Co-operative Societies Act. The amendment pertains to the transfer of assets and liabilities to the KSCB through a resolution passed by members of DCB by a simple majority instead of two-third majority as stated in the original law. The minister said the government would inform the court on RBI’s approval and proceed with the merger proceedings. He said Malappuram DCB would be given another oppor● More on P6 tunity . Wait ends finally The bank got the nod after a threeyear wait More than 800 district cooperative branches will merge into KSCB to form Kerala Bank Following the merger, the co-operative banking sector will become a two-tier structure Many had doubts on Kerala Bank. The RBI nod should make them rethink Kadakampally Surendran, Co-operation Minister SEAPLANE SEIZED Federal Bank spreads wings to recover dues EXPRESS NEWS SERVICE @ Kochi IN perhaps a first-of-itskind move in the Indian banking industry, Keralabased Federal Bank has invoked provisions of the Insolvency and Bankruptcy Code to take over a seaplane to recover dues from its owner. Seabird Seaplane Ltd, a Kochi-based seaplane company, owed more than `6 crore to the Federal Bank. “The provisions of the Sarfaesi Act do not envisage taking over an aircraft. Hence, we used the provisions of the new insolvency code to recover the loan dues,” said the private Federal Bank officials with the seized Seabird Seaplane at the Cochin International Airport | EXPRESS bank’s Senior Vice-President Babu K A, who led the recovery procedure. The seaplane was taken into custody from the Kochi airport by NCLT-appointed insolvency profes- sional Jose K K. The carrier, which launched services to Lakshadweep in 2015, later fell on hard times and defaulted on the loans taken from the Aluva-headquartered lender. Officials said a new amphibious aircraft has a market rate of `13 crore. “This aircraft of Seabird Seaplane will be worth at least `8 crore. We will appoint a valuer to calculate its worth, and it will be sold to interested parties to recover our dues,” said Sajan Philip Mathew, vice-president, Federal Bank. He said there were buyers for the aircraft at `8-9 crore, but the company refused to sell it and clear the dues. It’s not the first time that the bank has taken over assets of defaulting companies but the bank has been using the provisions of the Sarfaesi Act to seize commercial property . should be properly and peacefully resolved based on the UN Charter, relevant UN Security Council resolutions and bilateral agreements. China opposes any unilateral actions that complicate the situation.” India’s strong response to China came on a day Xi’s visit to India was officially announced. The MEA said the informal summit in Chennai will provide an opportunity for the two leaders to continue their discussions on overarching issues of bilateral, regional and global importance and to exchange views on deepening development partnership. Accompanied by Foreign Minister Wang Yi, Xi is expected to arrive on Friday afternoon. Modi will accompany Xi to the world famous Shore temple complex where a meeting is scheduled. Xi will also visit some major sites around before witnessing a cultural programme and attend a dinner in his honour. On Saturday, both leaders would have one-on-one meetings followed by delegation level talks before Xi emplanes for Nepal. Akcakale Ras al-Ain Tal Abyad Hasakah Aleppo Ain Issa Raqqa Reference to UNSC resolutions in Xi-Khan jt statement upsets India; Xi’s arrival on Friday for two-day informal talks formally announced EXPRESS NEWS SERVICE Kobani Kurdish-led Autonomous Administration Deir ez-Zor SYRIA Camps for ISIS suspects’ familes Turkey’s proposed ‘safe zone’ — about 20 miles from border Dashisha Derik al-Roj al-Hawl I R AQ EUPHRATES RIVER Prisons for ISIS captives Observation posts evacuated by US forces U.S. OUT OF THE WAY, TURKEY ATTACKS KURD-HELD SYRIA EXPRESS NEWS SERVICE TURKEY on Wednesday launched an aerial assault on Kurdish positions in northern Syria, days after President Donald Trump pulled back US troops from the border that served as a buffer zone. Trump’s decision had led to outrage as it was seen as green-lighting the anticipated Turkish assault since the Kurds were US allies and were holding thousands of Islamic State (ISIS) terrorists as prisoners. Turkish President Recep Tayyip Erdogan announced the start of the attack on Twitter, calling it Operation Peace Spring. Shortly thereafter, warplanes bombed the Ras al-Ain border area, which had observation posts manned by US troops before they were evacuated on Monday . “Our mission is to prevent the creation of a terror corridor across our southern border, and to bring peace to the area,” Erdogan claimed, adding the operation would target Kurdish militants and the ISIS.
Express Publications (Madurai) Limited publishes the prestigious English language newspaper The New Indian Express from 21 centres in Tamil Nadu, Karnataka, Andhra Pradesh, Kerala and Orissa.
Express Publications (Madurai) Ltd. also publishes the Tamil daily Dinamani, Cinema Express (Tamil) and Malayalam Vaarika (Malayalam). Through a sister company, Kannada Prabha Publications Ltd., it publishes the Kannada daily Kannada Prabha.
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