CHENNAI TUESDAY SEPTEMBER 29, 2020 `7.00 PAGES 12 VELLORE EDITION TRUMP PAID JUST $750 IN INCOME TAXES DURING 2016,17 He paid no income taxes at all in 10 of the last 15 years, the New York Times reported on Monday citing his tax-return data QUESTIONABLE REFUNDS AND DEDUCTIONS HE IS SITTING ON A MOUNTAIN OF DEBT Starting 2010, Trump has claimed and received income tax refunds totalling $72.9 million. The Internal Revenue Service is presently probing the legitimacy of the refunds. An adverse ruling could cost Trump $100 million in penalty. The report also says he took tax deductions on personal expenses such as housing, aircraft and $70,000 in hairstyling for TV shows ■ ■ The Times report also revealed Trump is sitting on a ticking time bomb of debt. The tax records show he’s holding a total of $421 million in loans and debt that are due in the next four years Most of that debt comes from his Doral golf resort in Florida and Washington hotel, which are financially struggling | P9 $145,400 TAX HIS UNITS PAID TO INDIA IN 2017, IN CONTRAST TO HIS SLIM INCOME TAX 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 AIADMK’s CM candidate to be spelt out on Oct 7 T M U R U G A N A N D H A M @ Chennai Youth Congress workers staging a protest against the contentious farm laws at Rajpath in New Delhi on Monday, after setting a tractor ablaze | SPECIAL ARRANGEMENT Find workaround to negate farm laws, says Sonia THE executive committee meeting of the AIADMK on Monday discussed about the party’s chief ministerial candidate for the 2021 Assembly elections, but left the decision of making that announcement to the top two leaders — Edappadi K Palaniswami and O Panneerselvam. AIADMK deputy coordinator KP Munusamy said both the leaders would announce the chief ministerial candidate for the AIADMK-led alliance on October 7. However, Munusamy’s statement came as a surprise to the party’s office-bearers when he said the leaders would announce the “alliance’s chief ministerial candidate”, instead of saying the AIADMK. Usually, the AIADMK leads the alliance in Tamil Nadu and declares one of its members as the chief ministerial candidate. Some of the functionaries on Monday wondered whether the party should hold talks with its alliance partners before announcing its chief ministerial candidate. According to sources, the earlier meetings had focussed on key resolutions. But Monday’s meeting that went on for around four and a half hours discussed the leadership issue after School Education Minister KA Sengottaiyan reportedly said that there was confusion among the party’s cadre at the grassroots level about the chief ministerial candidate and that it should be finalised. Following this, more than 15 Ministers and senior functionaries spoke about the need to finalise the candidate at the meeting, leading to lengthy discussions. Veteran leader, Panruti S Ramachandran, said the issue could be taken up for discussion after the constitution of the 11-member steering committee, a move that has been pending for a long time. A number of functionaries interrupted him during his speech. JCD Prabhakar, organising secretary intervened and said , that the executive committee members may speak on the key resolutions such as the demand on the Centre to release CENTRE URGED TO DISBURSE `23,763 CRORE Chief Minister Edappadi K Palaniswami arriving at the AIADMK headquarters in Chennai on Monday | R SATISH BABU Chennai: The AIADMK executive committee which met on Monday decided to urge the Centre to expeditiously disburse `23,763.36 crore towards GST dues and funds pending under 13 heads for various schemes, besides grants. The amount includes `4,073 crore GST dues, `16,505.32 crore towards funds for various schemes and `3,185.04 crore grants. A total of 15 resolutions were adopted at the meeting | P4 Asks Cong-ruled states to explore possibility of passing laws overriding reform legislations Offset clause chucked out, but conditions apply EXPRESS NEWS SERVICE M AYA N K S I N G H @ New Delhi stitution, which allows the state legislatures to pass a law to override a Central law, which STEPPING up her attack on the then comes for President’s asnew farm laws that have left a sent,” said K C Venugopal, Consection of the farmers roiled, gress general secretary in Congress President Sonia Gan- charge of the organisation. dhi on Monday asked partyAccording to Article 254(2), ruled states to explore the pos- “Where a law made by the Legsibility of workaround laws islature of a State with respect under Article 254(2) of the Con- to one of the matters enumerstitution to override the con- ated in the Concurrent List tentious reform legislations. contains any provision repugWhile Congress-ruled state nant to the provisions of an governments are also explor- earlier law made by Parliament ing legal options, a party MP or an existing law with respect from Kerala, T N Prathapan, to that matter, then, the law so has already approached the Su- made by the Legislature of preme Court chalsuch State shall, if it Plan to lenging the constituhas been reserved for tional validity of the intensify stir the consideration of in Punjab Farmers (Empowerthe President and has ment and Protection) received his assent, Farmers plan to Agreement of Price prevail in that State.” lay siege to Assurance and Farm corporate houses, As for the legal Services Bill, 2020. offices, malls and challenge, Punjab Farmers, especially residences of BJP Chief Minister Capt in Punjab and Hary- leaders in Punjab. Amarinder Singh ana, have been agitatsaid agitation and leCongress leader ing against the three gal recourse will have Rahul Gandhi is laws, which the Cento be undertaken siexpected to join tre says are revolu- agitating Punjab multaneously. “Our tionary as they would farmers on Gandhi lawyers are coming ensure better price from Delhi tomorrow Jayanti on Oct 2 for their produce. (Tuesday). We will Among the sticking discuss how to propoints in the new laws, accord- ceed in the matter and then ing to the Opposition, are the challenge the legislation in the lack of explicit guarantees Supreme Court,” he said. written into them on continuRajasthan Chief Minister ing the existing minimum sup- Ashok Gehlot submitted a port price (MSP) system and memorandum to President Koallowing big corporate houses vind and Gover nor Kalraj into the farm sector. Mishra seeking the rollback of “Hon’ble Congress President the legislations. His Chhattishas asked Cong ress-ruled garh counterpart Bhupesh states to explore the possibili- Bhagel said a resolution opposties to pass laws in their states ing the laws will be brought in under Article 254(2) of the Con- the next Assembly session. @ New Delhi/Chandigarh TRAI GETS P D VAGHELA AS NEW CHAIRMAN Senior bureaucrat P D Vaghela was on Monday appointed chairman of the Telecom Regulatory Authority of India. He will succeed R S Sharma | P10 ON a day the Defence Acquisition Council (DAC) approved purchases worth `2,290 crore, the bigger talking point was a major tweak in the offset policy tied to the acquisition of arms and equipment to make procurement easier. According to the new Defence Acquisition Procedure (DAP) 2020 unveiled on Monday by Defence Minister Rajnath Singh, offsets will not be applicable to three specific categories—Inter-Government Agreement (IGA), Government to Government (G2G) and single-vendor deals. The offset clause was a UPA government policy introduced in 2005. But “no offset has led to a transfer of technology. handicraft skills. Sitting in his house, 15 km away from SERVING the nation is a Pudukkottai, Ananth Raj matter of pride. Inspiring builds models of choppers, children to take up a tanks, machine guns career in the defence and rocket launchers forces is an equally used by Indian Armed important deed. StayForces. Even as his ing in the remote vilmother milks a cow, a lage of Kurinjipatti, group of children eaAnanth Raj does just gerly watch Raj exthat. plain his models and Ananth Raj The 27-year-old, ask him questions who aspired to serve in the about jets, rockets and tanks. Armed Forces but could not A small room in Raj’s make it, now motivates thou- house functions as his lab, sands of children to serve where he makes his models the nation using his unique using chart papers, paints, Under the offset policy, foreign defence entities, for all contracts worth over `300 crore, are mandated to spend at least 30% of the total contract value in India through procurement of components, transfer of technologies or setting up of research and development facilities Most have to do with product purchase as has been brought out in a recent Comptroller and Auditor General report,” Director General (Acquisition) Apurva Chandra said while interacting with journalists. Under the new DAP a clause , requiring foreign firms to invest 30% of the contract value in the Indian manufacturing sector has been dropped for G2G or single-vendor deals. However, competitive multivendor procurement cases will still have offsets. Among other changes, the armed forces will now be allowed to take a variety of equipment on lease to cut down acquisition time and cost. The equipment include transport aircraft, trainers or simulators. Meanwhile, the DAC approved the purchase of a clutch of equipment from both the domestic and foreign vendors. Under the Buy Indian (IDDM) category, the approval was granted to Static HF Tans-receiver sets and Smart Anti Airfield Weapon (SAAW). The HF radio sets will enable seamless communication for the field units of the Army and the Air Force. The Smart Anti Airfield Weapon being procured for around `970 crore will add to the fire power of the Navy and the IAF. In addition, to equip the frontline troops, the DAC approved the procurement of SIG SAUER assault rifles, with the deal valued around `780 crore. Frontline troops are already armed with Sig Sauer Rifles. IPL TODAY DELHI HYDERABAD Delhi Capitals are on top. Sunrisers Hyderabad at the bottom. Hyderabad would look to record their first win while Hyderabad would want to consolidate LIVE: Star Sports1/Hotstar @ 7.30pm THE TEWATIA METRICS When Rajasthan Royals decided to promote Rahul Tewatia against Kings XI Punjab, they did so because the data supported them. In T20s since the beginning of 2019, the southpaw is one of the quickest accumulators of runs in the format. P11 No quorum: RBI meet put Interest on interest can’t be waived, off as govt sits on vacancies FinMin expected to tell apex court EXPRESS NEWS SERVICE @ New Delhi THE Reserve Bank of India on Monday postponed its threeday monetary policy meeting that was scheduled to begin from Tuesday. While RBI did not cite any reason, experts said the meeting could not have taken place anyway due to lack of quo, rum. The six-member Monetary Policy Committee (MPC) currently has only three members, while four must be present to hold monetary policy meeting. The terms of three external members — Chetan Ghate, Pami Dua and Ravindra Dholakia — ended last month but the government is yet to announce replacements for them. Half of the panel, led by the RBI governor, comprises exter- HE COULDN’T JOIN ARMED FORCES, BUT HELPS BUILD AN ARMY S O W M YA M A N I @ Pudukkottai Policy’s mandate `23,763 crore and the party’s commitment to the two-language policy, and that there was no need for finalising the chief ministerial candidate now. He asked why the functionaries insisted on both the leaders sorting out the matter today itself. Blowing such issues out of proportion might affect the image of the party he , said. Following this, Deputy Coordinator R Vaithilingam said the executive committee meeting would be concluded with a P4 vote of thanks. adhesives and notebooks. Raj says he wanted to be a fighter pilot as a young boy but had , to give up his dream as his parents did not approve of it. At the age of 14, Raj stumbled upon a craft book and discovered another route to channelise his ambitions. He decided then and there that making model craft of defence equipment was what he wanted to do and planned his education. But, poverty wouldn’t allow him pursue engineering and he had to be content with a diploma in mechanical engineering. P4 nal independent members with a four-year term. External members are not eligible for re-appointment. Earlier, the government had declined the central bank’s request to extend the tenure of the members till March 202. Instead, a panel led by Department of Economic Affairs secretary Tarun Bajaj was set up to select new members. According to experts, the procedural delay could cripple crucial decision-making. “The economy is facing a serious challenge and RBI has been leading from the front with quick responses through rate cuts etc. This delay could have been avoided,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. A N U R A D H A S H U K L A @ New Delhi WHILE the Centre on Monday sought more time from the Supreme Court to clarify its stand on ‘interest on interest’ on suspended EMIs during the loan moratorium period, sources told TNIE that the finance ministry has made up its mind that it cannot be waived off. “The Department of Financial Services has already spoken to banks and is of the view that waiving this interest on interest will further strain the financials of banks. One cannot weaken one business to strengthen another business. Banks have raised their concern in this regard and their feedback had been submitted to the Centre,” said a senior finance ministry official. Similar feedback was given by the Rajiv Mehrishi panel, whose report is yet to be made public, the official added. “The Mehrishi panel’s view is that the government can bear the burden of interest on interest, so that neither bankers nor customers will have to take a hit. But the overall financial burden on banks will have to be calculated. Given the situation of the exchequer, this is not a comfortable option. Much will depend on what RBI says,” the official told TNIE. Loan moratorium case adjourned till Oct 5 The Supreme Court on Monday adjourned the loan moratorium case till October 5, granting more time to the Centre, RBI and banks to work together and file a concrete reply on their stand On Monday, the Centre informed the Supreme Court that it will take a decision on the interest on interest issue in the next two or three days The case has been pending in the top court for the past few months. In May, RBI told the court that it was not in favour of a “forced waiver of interest” as it would not only hurt the financial viability of banks but also affect the interests of depositors. Subsequently, the finance ministry told the SC it was in agreement with RBI’s stand. This drew sharp comments from the court, that the government cannot hide behind RBI and should clarify its stand in no uncertain terms. The SC, then, ordered the Centre, RBI and banks to file a ‘concrete’ response after ‘holistically’ considering the interests of everybody . Free Covid shot only for high-risk populations? S U M I S U K A N YA D U T TA @ New Delhi INDIA’S expert group on Covid-19 vaccine administration has recommended government sponsored vaccination for only high-risk populations that include the elderly above 50 years of age, those with co-morbidities and frontline workers, this newspaper has learnt. In other words, a majority of the citizens — over 90 crore — will have to pay for vaccines from their own pockets. The committee has suggested an antibody test driven immunisation plan under which even those within the vulnerable group will be given a vaccine only if they do not have antibodies against SARS-CoV 2, top sources in the panel said. “The serosurveys conducted in many metros so far have indicated that nearly 25-30% of the population is already exposed to SARS-CoV-2 and by the time an effective medicine arrives, this proportion of exposed population in most parts 30-40 CRORE MAY NEED PRIORITY VACCINATION The vaccination plan prepared by a group under Dr V K Paul, member (health) Niti Aayog and co-chaired by Union health secretary Rajesh Bhushan has been sent to the PMO for approval. According to estimates, 30-40 crore people may need priority vaccination could be much higher,” a senior member of the group said. “In such a scenario it will not be required to vaccinate people with antibodies,” he said. “The government will also pay for the vaccination of only those who are the most vulnerable and also only those among this group who test negative for SARS Cov-2 antibodies,” the member said. Another member confirmed it, saying that while the government still does not have a firm figure or database of those who qualify as the “most vulnerable”, an exercise is already underway to identify and prioritise them.
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