vijayawada l thursday l september 16, 2021 l `7.00 l PAGES 12 l late city EDITION Tatas bid to re-acquire Air India 68 years after losing it Tata Sons, the holding company of Tata Group, on Wednesday submitted a financial bid to acquire the loss-making carrier SpiceJet Also in the race, say reports Cabinet to clear the winning bid If the bid by Tata Sons, the holding company of India’s largest conglomerate, is successful, it will mark the return of Air India to Tatas. The Tata Group founded Air India as Tata Airlines in October 1932 but lost it after the government nationalised the airline in 1953. SpiceJet chairman Ajay Singh has also bid for the airline in his personal capacity, reports said ■ ■ The bid offering the highest price above the reserve price would be accepted. The winning bid will be examined by the transaction advisor before the recommendation is sent to the Cabinet Govt plans to sell 100% of its stake in AI, including AI’s 100% stake in AI Express Ltd and 50% in Air India SATS Airport Services Wednesday was the last day for putting in financial bids to buy air india 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 Stress-buster reforms for telecom sector 100% FDI through automatic route; 4-year moratorium on all government dues; non-telecom revenues out of AGR J o n at h a n A n a n da @ Chennai THE Centre on Wednesday opened up the telecom sector to 100% foreign direct investment through the automatic route and announced a slew of measures to lift the distressed industry. These include a four-year moratorium on government dues such as adjusted gross revenue (AGR) and spectrum payments, besides rationaisation of spectrum charges. The government also tweaked the definition of AGR to confine it to telecom revenues, seeking to ease the `1.52 lakh crore burden on telcos caused by a 2019 Supreme Court order that held that the existing definition of AGR included nontelecom revenues. The moratorium on AGR dues provides an annual cash flow breather of around `14,000 crore for the industry, while the break on spectrum dues gives another `32,000 crore of annual cash flow relief, according to rating agency ICRA. Companies opting for moratorium need to pay interest on the amount and such firms will have the option to pay this interest by way of equity. Guidelines for the same will be finalised by the finance ministry . The relief on AGR and statutory dues will have a big impact on freeing up the telecom industry’s cash flow. Upcoming AGR due payments had placed serious financial constraints on Bharti Airtel and Vodafone `26,058 crore incentive scheme for auto sector The Union Cabinet on Wednesday approved the Production Linked Incentive scheme for the auto sector to promote advance automotive technologies, including clean energy vehicles, with incentives worth `26,058 crore over a five-year period | P11 CBI case of Covid-19 restrictions. “If we exclude Covid protocol Andhra Pradesh has wit- violation cases, the total number nessed a 3% decline in crimes of cognizable IPC cases has fallagainst women in 2020 compared en to 1,00,620 in 2020, registering to 2019. a 15% decline, compared to According to the National 1,192,29 cases reported in 2019. Crime Records Bureau (NCRB) Same is the case with SLL cases data, 17,089 cases were regis- as enforcement activities have tered with respect to crimes increased in the State after the against women in 2020 as against formation of the Special En17,746 cases in 2019. Crimes forcement Bureau (SEB) to curb against children, however, in- liquor and sand smuggling,” creased by 4% in 2020. stated a release from As many as 2,648 casthe AP police head53 lakh women e s p e r t a i n i n g t o download Disha q u a r t e r s on crimes against chilWednesday . Disha App has been dren were reported “The rise in total downloaded by last year as against number of cases in 2,524 cases in the pre- 53,75,075 women and the State can be atgirls in the State for vious year. tributed to the Spantheir safety and The total number dana grievance resecurity. As many as of affected children dressal programme 3,68,771 SOS have was put at 2,738. The as 10,544 FIRs were been received. FIRs crime rate against registered based on have been registered children stood at petitions received in 589 cases P4 17.5% per one lakh f ro m p u bl i c, ” a population. A total senior police official number of 2,38,105 cases (IPC told TNIE. and Special Local Laws) were When it comes to the enforceregistered in 2020, registering an ment of the Prohibition, Excise increase of 63%, compared to and NDPS Acts, the number of 1,45,751 cases in 2019. Of the to- cases registered increased by a tal, 1,88,997 were cognisable cas- whopping 322%, 204% and 21% es under the IPC and the remain- respectively. According to the ing 49,108 were cases filed under NCRB data, the number of murthe SLL. Interestingly, the rate der cases declined by 2%, atrociof chargesheet filing increased ties against SCs and STs by 3%, to 90.1% in 2020 from 83% in kidnap and abduction cases by 2019. Of the total IPC cases, 18% and road accidents by 13% 88,377 were related to violation respectively in 2020. P h a n i n d r a Pa pa s a n i @ Vijayawada E x p r e s s Ne w s Se r v i c e @ Hyderabad downward trend Crimes against women 17,746 17,089 2019 2020 IPC 1,26,635 1,19,229 1,88,997 cases 2018 2019 2020 Special and Local Laws (SLL cases) 18,068 26,522 49,108 2018 2019 2020 Total cases (IPC and SLL cases) 1,44,703 2018 1,45,751 Major enforcement laws 322% rise Prohibition Act 204% rise Excise Act 21% rise NDPS Act 2019 2,38,105 2020 Offences Murders Crimes against children Road mishaps Robberies Thefts Cybercrimes 853 2,648 12,830 237 9,508 1,899 Andhra Pradesh police data Head No. of complaints No. of FIRs registered Spandana 45,578 10,544 Dial 100 2,10,025 6,123 AP Police Seva App 3,887 199 express read Civil Aviation Minister inaugurates Vizag-Mumbai SpiceJet flight service Visakhapatnam: Union Civil Aviation Minister Jyotiraditya Scindia virtually inaugurated the SpiceJet flight service from Visakhapatnam to Mumbai on Wednesday. He said, “Visakhapatnam is now connected with 10 cities and we plan to increase the number through various initiatives. We are committed to opening new vistas and new avenues for the region.” Avail 9,000 MW solar power projects awarded to Andhra, SECI tells govt Vijayawada: Proposing an “apt and befitting alternative” to the State government’s 6,400 MW solar power tenders, the Solar Energy Corporation of India Ltd (SECI), an enterprise of the Government of India, has requested the AP government to avail the 9,000 MW solar power projects that it awarded under the manufacturing-linked solar tenders initiative P4 temple admin New TTD board with 24 members set up E x p r e s s Ne w s Se r v i c e @ Vijayawada The Andhra Pradesh government, on Wednesday, constituted the new Tirumala Tirupati Devasthanams (TTD) Trust Board. In an order issued late in the night, the government named 28 trust board members, including four ex-officio members. The new trust will have 50 special invitees. Bhumana Karunakar Reddy, MLA, and S Sudhakar, Chairman of Brahmin Welfare Corporation, are among them. The government had recently appointed YV Subba Reddy as the TTD Trust Board Chairman for a was `43,000 crore. Reliance Jio only had to pay `190 crore as AGR dues by virtue of being a late entrant to the market. Among the other reforms announced by Union telecom minister Ashwini Vaishnaw are an 80% reduction in bank guarantees against licence fees. From now on, there will be no need to produce multiple bank guarantees to secure licences, he said. Interest rates and penalties on delayed statutory payments have also been cut, while the tenure of spectrum licences for future auctions has been raised from 20 to 30 years. With the enhanced FDI limit, the Centre expects to attract fresh investment in the sector. NCRB data shows 3% decline in crimes against women in ap Court dismisses Raju’s plea for cancellation of bail to Jagan The Special CBI Court on Wednesday dismissed rebel YSRC MP K Raghurama Krishnam Raju’s two separate petitions seeking cancellation of bail given to Chief Minister YS Jagan Mohan Reddy and MP V Vijayasai Reddy . Raju said in the petition that the CBI had registered 11 chargesheets in the case of disproportionate assets against Jagan. He alleged that Jagan as Chief Minister was influencing witnesses in the case. He filed the first petition for cancellation of bail given to Jagan in the first week of April, 2021. Later, he filed another petition seeking cancellation of bail granted to Vijayasai Reddy in the same case. In a related d eve l o p m e n t , the High Court of Telangana dismissed the petition filed by Raju seeking transfer of his case from the CBI court to any other court. During the course of hearing in the CBI court recently, Vijayasai Reddy filed an application seeking permission to visit foreign countries, for which the lower court granted permission for two weeks. Suspecting the motive of the lower court order in favour of Vijayasai Reddy, Raju filed a petition to transfer the bail cancellation petitions from the CBI court to any other court. The petition was heard by Justice K Lakshman on Tuesday and the order was reserved. While dismissing the transfer petition, the court found fault with the petitioner’s attitude for attributing malafide intentions to the lower court. Idea, which were struggling to arrange large-scale capital expenditure required for network upgradation and expansion. AGR dues of cash-strapped Vodafone Idea amounted to `58,000 crore and for Airtel, it second consecutive term. Dr Bandi Parthasaradhi Reddy , Chairman and Managing Director of Hetero Group, Dr Jupalli Rameswara Rao, Chairman, My Home Group, N Srinivasan, Managing Director of India Cements and former BCCI president, Malladi Krishna Rao, former minister of Puducherry, and MLAs Burra Madhusudan Yadav, Kiliveti Sanjeevaiah and Katasani Rambhupal Reddy are among the mem, bers. Principal Secretary Revenue , (Endowments) Department, Commissioner, Endowments Depart- ment, Chairman, Tirupati Urban Development Authority, Executive Officer, TTD, are the ex-officio members. The special invitees will not have voting right while passing resolutions, but will enjoy the same protocol as of Trust Board members. The government has given adequate representation to neighbouring States in the Trust Board, while several former members have been retained. The previous Trust Board, too, had the same number of members, 24, and four ex-officio members. I-T searches at Sonu properties E x p r e ss Ne ws Se r v i c e @ Mumbai THE income tax department on Wednesday searched the Mumbai properties of film actor Sonu Sood, who has earned wide acclaim for his charity work during the pandemic. According to officials, the recent deal between Sood’s company and a Lucknow-based real estate firm is under the scanner and there was a mismatch in the account book. Therefore, a ‘survey operation’ was initiated on Wednesday they added. , The 48-year-old is known for his P5 humanitarian efforts. Jab-o-meter Take your shot Sep 14 54,72,356 doses Sep 15 57,10,380 doses Total doses 76,49,36,158 NATIONWIDE sep 14 sep 15 Fresh cases Recoveries Deaths statewide 25,404 27,176 32,127 38,012 339 284 sep 14 Fresh cases 1,125 Recoveries 1,356 Deaths 9 Samples tested 49,568 sep 15 1,445 1,243 11 62,252 Cherry-picking names for tribunals angers SC this,” the CJI asked. ITAT appointments, too, were on simiT h e S u p r e m e C o u r t o n lar lines, the bench said. Wednesday came down heavily “As part of SCSC for NCLT, I on the Centre for cherry-pick- interviewed 534 candidates for ing names recommended by the judicial post and 400-odd for Search and Selection Commit- technical. Out of that we chose tees (SCSCs) for filling up tribu- 11 for judicial and 10 for techninal vacancies, adding it will cal. Of the judicial members, hold its hand for now on they selected four and hauling the government picked up three others up for contempt. from the waitlist. Same While the Centre with technical memclaimed it had notified b e r s. We t r ave l l e d 84 appointments in across the country for three different tributhis... But it seems to nals — National Com- Time sought be a waste of time,” pany Law Tribunal the CJI rued. “What is the (NCLT), Armed ForcVenugopal defended sanctity of the es Tribunal (AFT) and the government, citprocess if govt Income Tax Appellate ing a provision under has the last Tribunal (ITAT) — on the new Act. Justice word?” the bench September 12, a speChandrachud remindasked. The A-G cial bench led by Chief ed him that he was resaid, “Please Justice of India N V lying on a provision have it after a Ramana and comprisstruck down by the SC week. We’ll ing justices D Y Chanin July. When Justice reconsider nondrachud and L N Rao Rao emphasised the acceptance list.” took a swipe at it. government couldn’t The SCSC recomhave picked up people mended 11 judicial members from the list prepared for laterand 10 technical members for day vacancies, the A-G said the NCLT. But the appointment let- government was well within its ters suggest some members rights to do so. were cherry-picked. “We canVenugopal cited the The Trinot ignore selected candidates bunal Reforms Act, 2021, to asand go to waitlist. What type of sert the Centre’s dominance selection and appointment is over such appointments. K a n u S a r d a @ New Delhi 4 from ap get 1st rank in Joint Entrance Examination Mains D Venkata Paneesh K Lokesh Four students from Andhra Pradesh secured first rank in the Joint Entrance Examination-Mains, results of which were announced by the National Testing Agency (NTA) on Wednesday. The first rank holders from the State include D Venkata Paneesh from Rajampet, K Lokesh from Narasaraopet, P Veera Siva and K Rahul Naidu. Expressing joy over getting first rank, Venkata Paneesh said, “I give all the credit of my success to my teachers and parents for their support. As of now my focus is to achieve top score in the JEE Advanced. My aim is to secure a seat in CSE in IIT Bombay. P3
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