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FIVE PFI ACTIVISTS IN MAHA
ATS CUSTODY FOR FIVE DAYS
A court here on Thursday remanded five
activists of the Popular Front of India (PFI)
in the custody of the Maharashtra Anti-
Terrorism Squad till Sep 26. The ATS had
sought custody for 14 days but the court
remanded them to five days in custody. P2
Sitharaman begins
3-day visit to Maha
for BJP’s ‘Pravas
First India Bureau
Pune: Union Finance
Minister Nirmala Si-
tharaman embarked on
a three-day tour of Bar-
amati Lok Sabha seg-
ment in Maharashtra
from Thursday as a part
of the BJP’s “Pravas”
campaign to strengthen
the organization in 144
Lok Sabha constituen-
cies in the country
.
Baramati is one of 16
such Lok Sabha constit-
uencies in Maharash-
tra, which has a total of
48 Lok Sabha seats.
During the three-day
visit to NCP chief
Sharad Pawar’s strong-
hold, Sitharaman is
scheduled to visit all six
Assembly segments-
-Baramati, Purandar,
Indapur, Daund, Bhor
and Khadakwasla-
-which come under the
Baramati Lok Sabha
constituency, a BJP
leader said.
Pawar’s daughter
and NCP leader Supri-
ya Sule is currently the
Lok Sabha member
from Baramati.
During the cam-
paign, Sitharaman will
meet BJP cadres, hold
meetings with the par-
ty’s district office- bear-
ers and also interact
with the core commit-
tee members of the Lok
Sabha constituency, a
party functionary said.
The minister, in a bid
to prepare the ground
for the Lok Sabha polls
in 2024, is also expected
to interact with benefi-
ciaries of several gov-
ernment schemes, trad-
ers, voters and people
from various fields.
There are 21 pro-
grammes scheduled
during Sitharaman’s
three-day tour, the BJP
functionary said.
NO BMC NOD FOR EITHER SENA
FACTION, DISPUTE NOW WITH HC
First India Bureau
Mumbai: The Brihan-
mumbai Municipal
Corporation has denied
permission to both the
Uddhav Thackeray-led
Shiv Sena and the rival
faction led by Chief
Minister Eknath Shin-
de to hold a Dussehra
rally at the Shivaji Park
ground here citing law
and order concerns.
The dispute over the
iconic venue has now
moved to the Bombay
High Court which
would be hearing the
petitions filed by the ri-
val factions on Friday
.
The Uddhav Thack-
eray faction maintained
that it would hold the
annual event at the
Shivaji Park despite the
denial of permission
while accusing the Bri-
hanmumbai Municipal
Corporation (BMC) of
following the BJP’s
script.
The Shiv Sena, found-
ed by Bal Thackeray,
has been holding its an-
nual Dussehra rally at
the Shivaji Park since
1966 except for the last
two years of the pan-
demic.
Deputy municipal
commissioner Turn to P5
High Court will
hear petitions
on dispute
over Shivaji
Park today
Trip into Pawar
bastion is part of the
BJP’s campaign to
strengthen the
organization ahead of
the 2024 polls
15 STATES, OVER 106 HELD
Moni Sharma
New Delhi: In simulta-
neous raids across the
length and breadth of
country, a multi-agency
operation spearheaded
by the NIA on Thursday
led to the arrest of 106
activists of PFI in 15
states and 93 locations
for allegedly support-
ing terror activities in
country, officials said.
The maximum num-
ber of arrests were
made in Kerala followed
by Maharashtra and
Karnataka, TN, Assam,
UP, AP, MP, Puducherry,
Delhi & Rajasthan. Ar-
rests were made during
raids which have been
termed as the “largest-
ever investigation pro-
cess till date”. Raids are
being carried out
against those involved
in terror funding, or-
ganising training
camps and radicalising
others to join extremist
groups. Formed in 2006,
PFI claims to strive for
a neo-social movement
ostensibly for empower-
ment of marginalised
sections of India.
ZERO TOLERANCE...: RAHUL
GANDHI ON PFI AND SDPI RAIDS
SHAH DISCUSSES ACTION AGAINST
PFI WORKERS, TERROR SUSPECTS
Senior Congress leader Rahul Gandhi on
Thursday called for ‘zero tolerance’ in deal-
ing with ‘communalism and violence’ and
said, “... regardless of where they come
from... (all) are the same...”.
Home Minister Amit Shah on Thursday held
a meeting wherein the ongoing searches at
premises linked to
the Popular Front
of India and action
against terror
suspects. NSA Ajit
Doval, Union Home
Secy Ajay Bhalla, DG
NIA Dinkar Gupta
were among the top
officials who attended the high-level meeting.
Shah is said to have took stock of the action
taken against the terror suspects and activists
of the PFI across the country, an official said.
...NIA’s ‘largest-ever’ anti-terror raids against Popular Front of India
PFI calls for a dawn-to-
dusk strike in Kerala
today to mark their protest
The maximum number
of 22 arrests of the PFI
org were made in Kerala
PFI chief OMA Salam, State
chief CP Mohammed, nat’l
secy Nazarudheen were arrested
The search-
es are
taking place
on the premises of
persons involved
in terror-funding,
organising training
camps, and radical-
ising people to join
proscribed organisa-
tions. —NIA official
NIA’s base-
less claims
and sensa-
tionalism are solely
aimed at creating an
atmosphere of terror.
The Front will “never
ever surrender” on
the action taken by a
“totalitarian regime”.
—Popular Front
of India
Police enter into scuffle while they attempt to detain the PFI and Social Democratic Party of India
(SDPI) workers during a protest against the raids of NIA, in Hubballi on Thursday. —PHOTOS BY ANI
NIA official during the raid at
the Popular Front of India (PFI)
office, in Chennai on Thursday.
GYANVAPI: NOTICE
TO MASJID PANEL
HIJAB: SC RESERVES
VERDICT ON PLEAS
Lucknow: A Varanasi
court on Thursday issued
notice to Muslims on
application of Hindus,
who have now sought
carbon-dating of disputed
structure known to have
been found inside the
premises of the Gyanvapi
mosque in Varanasi.
New Delhi: After 10-day
stormy hearing a bench of
SC reserved its judgment
on petitions which
challenged verdict of K’taka
HC which upheld govt
order banning on wearing
of religious cloths, symbols
in edu institutions which
resulted in ban on hijab.
ABG: ASSETS WORTH
`2,747 CR ATTACHED
CALL APPS MAY NEED
TELECOM LICENCES
New Delhi: ED on Thursday
said it has attached
dockyards, agri lands,
commercial properties and
bank deposits worth over
Rs 2,747 crore as part of
an alleged bank loan fraud
linked money laundering
probe against ABG Shipyard
Ltd and its linked entities.
New Delhi: Apps like
Whatsapp, Zoom, Skype and
Google Duo which provide
calling and messaging
services may soon require
licences to operate in Ind, as
per draft telecommunication
bill 2022. The draft bill has
included OTT Apps as part
of telecommunication.
READ
Crucial
Crucial
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MUMBAI l FRIDAY, SEPTEMBER 23, 2022 l Pages 12 l 3.00 RNI TITLE NO. MAHENG/2022/14652 l Vol 1 l Issue No. 137
OUR EDITIONS: JAIPUR, NEW DELHI  MUMBAI
J-K HIGHWAY TO
REMAIN SHUT
FOR 4 HOURS
TILL SEPT 27
` CRASHES TO NEW RECORD LOW, 81 PER $ IN SIGHT
New Delhi: The rupee crashed to a new record low against a rampant
greenback on Thursday, with 81/dollar now just a hop, skip and jump away,
driven by a deep rout in global risk assets after Federal Reserve warned
aggressive policy path even at cost of recession to fight elevated inflation. P8
Srinagar: The Jammu-Srinagar NH will remain closed
for traffic for four hours daily till September 27 to
undertake repairs in various landslide prone areas,
officials said. Traffic would be halted from 3 am to 7
am during the repair work, Chief secy AK Mehta said.
NEW AIIMS DELHI
DIRECTOR TO BE
ANNOUNCED
SOON: SOURCES
New Delhi: With the tenure of the sitting Director
of All India Institute of Medical Sciences Delhi Dr
Randeep Guleria coming to an end on September
23, the announcement of his successor is expected
anytime soon, as per the sources on Thursday.
BSE SENSEX 59,119.72 337.06 | NSE NIFTY 17,629.80 88.55
PROFOUND CONCERN: INDIA
CALLS TO END UKRAINE WAR
BrahMos: Defence min
inks `1,700 crore deal
United Nations: In its
sharpest statement on
the Russia-Ukraine war
yet, India on Thursday
“strongly” called for an
end to the armed con-
flict and said the situa-
tion was a matter of
“profound concern”.
Speaking at the UN
Security Council, Ex-
ternal Affairs Minister
S Jaishankar said, “The
trajectory of Ukraine
conflict is a matter of
profound concern for
the entire international
community
. Outlook ap-
pears truly disturbing.”
“India is strongly re-
iterating need for an
immediate cessation of
all hostilities, as Modi
said, this cannot be an
era of war,” he said.
S Jaishankar speaking at UN,
in New York on Thursday.
New Delhi:The defence
ministry on Thursday
inked a Rs 1,700 crore
contract for supply of
additional BrahMos su-
personic cruise mis-
siles, with a strike range
of 290-km,fortheNavy‘s
frontline warships.
The contract for the
“dual role” surface-to-
surface missiles, capa-
ble of both land attack
and anti-ship strikes,
was inked between the
MoD’sacquisitionswing
and the M/s BrahMos
Aerospace Pvt Ltd.
“Induction of these
missiles will further en-
hance the Navy’s opera-
tional capability. The
contract will also boost
indigenous production
of critical weapon sys-
tem and ammunition,
with active participa-
tion of domestic indus-
try,” MoD official said.
Ministry of Defence signs a
contract with BAPL on Thursday.
l Protests in Russia, over
1k detained as Putin orders
partial military call-up
l Russia’s Foreign Min Ser-
gei Lavrov walks out at UN
HIGHLIGHTS
Modi has powerful
voice in world: UK
PM Modi has a powerful,
influential voice on world
stage and Russia respects
India’s position on global
arena, UK Foreign Secre-
tary James Cleverly said.
CONG’S ‘INTERNAL DEMOCRACY’ PITCHES PARTY IN ‘A STATE OF UNCERTAINITY’!
Rahul steadfast on one person, one post; Gehlot cites
‘dangers’ before Raj government if face changes!
Aditi Nagar
New Delhi: The search
for the next Congress
President seems to be
swinging like a pendu-
lum between Congress’
recent ‘commitment’ to
the ‘One person, One
post’ thought and vari-
ous hurdles in imple-
mentation of the said
idea. As of now there ex-
ists, as the media would
term it, ‘a state of uncer-
tainty’ in the Congress,
but if Congress leaders
are to be believed, this is
the‘internaldemocracy’
of Congress.
But why is this so?
Well, for one, there is a
‘controversy’ over who
would head the party
and the government in
Rajasthan. In this whole
episode, 5-6 people were
consulted and everyone
gavetheirdifferentopin-
ion citing ‘democracy’.
Wednesday’s two-
hour meeting at 10, Jan-
path in Delhi was noth-
ing short of a ‘political
turmoil’,asononehand,
Gehlot was told to take
over the responsibility
of party president by
September. 
Wednesday’s meeting deliberated on points if Gehlot would
vacate CM post before or after filing nomination. Names of
Dr CP Joshi, Bhanwar Jitendra Singh and Dr Raghu Sharma
discussed for the CM post even as Priyanka bats for Sachin!
Congress leaders Rahul Gandhi, Ashok Gehlot, Ramesh Chennithala, Govind Singh Dotasra and other
Cong supporters holding tricolors during the party’s Bharat Jodo Yatra, in Chirangara on Thursday.
CONGRESS ISSUES NOTIFICATION
FOR AICC PRESIDENT POLLS
RAHUL GANDHI: ONE-MAN, ONE-POST
COMMITMENT TO BE MAINTAINED
Congress on Thursday issued a notification for the
party president poll, setting the ball rolling for elect-
ing the successor to the longest-serving chief Sonia
Gandhi, with senior leaders Ashok Gehlot and Shashi
Tharoor being seen as potential contenders. Rahul
urged candidate who would succeed Sonia in poll to
keep in mind that he “represents a set of ideas and be-
lief system and vision of India,” calling the job of Cong
president an “ideological office.”
Senior Congress leader Rahul Gandhi on Thursday
batted for the “one-man, one-post” concept in lines
with the Chintan Shivir reforms and indicated he may
not run for the party president’s post.
NEWS
MUMBAI | FRIDAY, SEPTEMBER 23, 2022
02
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Five PFI members in 5-day ATS
custody after nationwide raids
First India Bureau
Mumbai: A court
here on Thursday re-
manded five activists
of the Popular Front
of India (PFI) in the
custody of the Maha-
rashtra Anti-Terror-
ism Squad (ATS) till
September 26.
They are accused of
indulging in “unlawful
activities promoting
enmity among commu-
nities” and “waging a
war against the coun-
try”, an official said.
The ATS on Thurs-
day arrested 20 activ-
ists of the Popular
Front of India (PFI)
from the state during a
multi-agency operation
led by the National In-
vestigation Agency, an
official said.
Five of them were
produced before a
court here with the
ATS seeking their cus-
tody for 14 days. The
court, however, re-
manded them to five
days in the probe agen-
cy’s custody.
In Maharashtra,
raids were conducted
by ATS teams in Mum-
bai, Navi Mumbai,
Thane, Aurangabad,
Pune, Kolhapur, Beed,
Parbhani, Nanded,
Malegaon (in Nashik
district) and Jalgaon,
an official said.
According to the of-
ficials, the arrests
were made during the
raids which have been
termed as the “largest-
ever investigation pro-
cess till date”.
The ATS teams ar-
rested at least 20 peo-
ple from various places
and seized important
documents, he said.
ATS had sought custody for 14 days but the court remanded them to 5 days in custody
Security personnel keep vigil outside the PFI party office in Navi Mumbai on Thursday, after 20
people were detained in Maharashtra, following the NIA-led multi-agency operation that saw 106
persons arrested in 11 states.  —PHOTO BY PTI
CASES LODGED
‘Who resigned prior to
allying with Cong, NCP?’
First India Bureau
Nagpur: Deputy Chief
Minister Devendra
Fadnavis on Thurs-
day countered Shiv
Sena chief Uddhav
Thackeray’s sugges-
tion that the Bharati-
ya Janata Party and
the Eknath Shinde
faction of the Sena re-
sign and face civic
and Assembly polls
“within a month”.
Speakingtoreporters,
Fadnavisaskedif Thack-
eray’s legislators had
resigned and faced the
electorateafreshafterhe
broke the alliance with
the BJP post the 2019 As-
sembly polls and joined
handswiththeNational-
ist Congress Party and
the Congress.
Addressing workers
of his faction in subur-
ban Goregaon on
Wednesday
, Thackeray
had attacked the BJP
and said, “I challenge
Amit Shah that if you
have guts, hold the BMC
(Brihanmumbai Munic-
ipal Corporation) polls
inamonthandalsostate
Assembly elections.”
Hitting back, Fad-
navis said Thackeray’s
speech “reflected his
disappointment”.
Fadnavis also said the
Thackeray faction of
the Shiv Sena, the Con-
gress and NCP have
tried to finish him po-
litically for the past sev-
eral years but would not
be able to do so.
Devendra Fadnavis. —FILE PHOTO
We got elected legitimately. Why did
he and his party, which won in alli-
ance with us, not tender their resigna-
tions before joining hands with the
Congress, NCP? You should have had the cour-
age to get re-elected and then go with the Con-
gress-NCP.  —Devendra Fadnavis, Dy CM, Maha
First India Bureau
Mumbai: The Shiv
Sena grouping led by
Uddhav Thackeray
on Thursday said the
Mumbai civic body’s
decision to deny per-
mission to it for
Dussehra rally at the
Shivaji Park here
was expected and
claimed it was a
“very bad script of
the BJP”.
Former Mumbai may-
or Kishori Pednekar, the
spokesperson of the
Thackeray-ledSena,also
accused the BJP of try-
ing to corner her party
with the denial of per-
mission for the rally on
October 05.
Ajay Choudhary
, lead-
er of the Thackeray-led
factionintheMaharash-
tra Assembly
, asserted
that the party’s annual
congregation will be
heldattheiconicground
in Mumbai irrespective
of permission from the
civic body
. He claimed
the party will resort to
“guerrilla warfare tac-
tics” to hold its rally
.
The Brihanmumbai
Municipal Corporation
(BMC) has denied per-
mission to the Uddhav
Thackeray-led Sena and
rival party faction led by
MaharashtraChief Min-
ister Eknath Shinde for
the Dussehra rally at the
Shivaji Park.
Both the factions
claimtobethe“realShiv
Sena” and had applied
for permission to hold
their annual rally at the
Shivaji Park.
Last week, the Shinde
factiongotpermissionto
hold a rally at the MMR-
DAgroundattheBandra
Kurla Complex in Mum-
bai.
Pednekar said the
BMC’s move to deny per-
mission to the Thacker-
ay-led faction was ex-
pected. It is a “very bad
scriptof theBJP”of put-
ting everyone in trouble
to do its politics, she
claimed.
At a Shiv Sena event
on Wednesday
, Thacker-
ay had asserted that the
annual Dussehra rally
will take place at the
Shivaji Park.
Denial of permission for event ‘bad script’ of BJP: Uddhav’s Sena
DUSSEHRA RALLY
lll
Faction says
will resort to
‘guerrilla
warfare tactics’
to hold annual
congregation,
irrespective of
whether civic
body approves
Both Sena factions had applied for permission for Shivaji Park.
Vedanta-Foxconn: Aaditya to lead protest
Mumbai (PTI): Shiv
Sena leader and for-
mer Maharashtra
minister Aaditya
Thackeray will lead a
protest in Talegaon in
Pune on Saturday
against the shifting of
the Vedanta-Foxconn
semiconductor manu-
facturing project to
neighbouring Gujarat.
A statement from the
Uddhav Thackeray fac-
tion of the Shiv Sena
said the ‘Jan Aakrosh
Andolan’ is being or-
ganized as the project,
which entails an invest-
ment of Rs1.54 lakh
crore, was lost after the
Maha Vikas Aghadi
government had laid
the groundwork for it to
be located in Talegaon.
It said the project was
“almost finalized” due
to the efforts of then
state industries minis-
ter Subhash Desai and
tourism minister Aadi-
tya Thackeray, and it
getting shifted to Guja-
rat had affected the em-
ployment opportunities
of one lakh youth.
“The dreams of one
lakh youth have been
crushed. What is the
state government doing
to provide employ-
ment?” it asked.
CRUCIAL
READ
KOVIND ATTENDS
DEATH ANNIV
EVENT OF LATE
MLA KANTI KOLI
CRZ VIOLATIONS:
SOMAIYA SEEKS
ACTION AGAINST
COLLECTOR
Thane: Former
President Ramnath
Kovind on Thursday
visited Thane to attend
the death anniversary
function of former MLA
Kanti Koli on Thurs-
day. Koli was closely
associated with Kovind
and represented the
fisher community at
the state and national
levels. Bharatiya Janata
Party’s (BJP) Thane
City Unit Chief and MLC
Niranjan Davkhare and
local MLA Sanjay Kelkar
were also present on
the occasion.
Mumbai: BJP
leader Kirit Somaiya has
sought action against
Mumbai suburban
district collector for not
taking action against 49
illegal studios con-
structed by ex-Congress
minister Aslam Sheikh.
“Mumbai collector Nidhi
Chaudhari demolished
Machchimaar Koli
Samaj shamshan at
Erangal, Madh in the
name of CRZ but took
no action against Aslam
Shaikh’s 49 illegal stu-
dios in the same area,”
Somaiya tweeted.
HANDLING DIFICULTIES
Ram Bahadur, an auto-rickshaw driver from Uttar Pradesh, received a prosthetic hand from Dr S Natarajan of Aditya Jyot eye
hospital, in association with Inali Foundation, at Wadala, in Mumbai on Thursday.  —PHOTO BY BHUSHAN KOYANDE
The rally has been taking place at
the Shivaji Park for 56 years. It
could not happen for the last two
years due to the COVID-19 pan-
demic. They want to corner Uddhav ji and
the Shiv Sena. They have got more strength
due to some traitors who betrayed us.
 —Kishori Pednekar, Former mayor, BMC
Tata institute to analyse
devt of Muslim community
First India Bureau
Mumbai: The Ma-
harashtra govern-
ment has roped in
Tata Institute of
Social Sciences
(TISS) to study the
development of
Muslim community
in the state.
The premier insti-
tute will study
whether the Muslim
community has ben-
efited from the gov-
ernment’s schemes
in the last few years.
The state govern-
ment has approved a
budget of Rs33.9 lakh
for the research.
The TISS has been
asked to submit a re-
port on the efforts
made by the govern-
ment for the develop-
ment of Muslims and
other minority com-
munities.
The study will cov-
er a total of 56 areas
that have a majority
Muslim population.
The aim of the study
is to bring the Mus-
lim community into
the mainstream by
studying their educa-
tion, economic, and
social conditions.
The study will also
suggest measures to
increase the partici-
pation of Muslim
communities in vari-
ous areas of develop-
ment.
In the past, the Me-
hmoodur Rehman
Committee had sub-
mitted a report to
then-CM Prithviraj
Chavan after a simi-
lar study in 2013.
The state has asked TISS to submit a report on efforts to aid the community.  —FILE PHOTO
The state
government has
approved a
budget of Rs33.9
lakh for the
research
Thackeray scion
to head ‘Jan
Aakrosh
Andolan’ over
‘missed project’
Aaditya Thackeray.
—FILE
PHOTO
—FILE
PHOTO
MAHARASHTRA
MUMBAI | FRIDAY, SEPTEMBER 23, 2022
03
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BMCshouldspendmoney
forpublicgood,saysHC
First India Bureau
Mumbai: The Bom-
bay High Court on
Thursday said the
cash-rich Brihan-
mumbai Municipal
Corporation (BMC)
should spend money
for the public good
and do something for
the citizens about pot-
hole-riddled roads
across the city.
A division bench
of Chief Justice Di-
pankar Datta and
Justice Madhav Jamdar
directed BMC Commis-
sioner Iqbal Chahal
to meet them any day
next week.
The court was hear-
ing a bunch of petitions
on the condition of
roads in Mumbai and
other places of the
state and the increasing
number of deaths
due to pothole-riddled
roads.
“We want Chahal to
come meet us on any
day convenient to him
next week. Till then,
he has to, through his
officers, get a survey
done of the 20 worst
roads in Mumbai,” the
court said.
Chahal has to then
give the court a road-
map specifying by when
tenders would be called
for repair work and by
when the repair work
would be completed.
CJ Datta said that in
2020, when he came to
Mumbai after his ap-
pointment as the Chief
Justice here, he had re-
fused to hear a petition
on similar issues.
“At that time, I re-
fused to hear it saying
the condition of Mum-
bai roads was much bet-
ter. But now after two
years the situation has
changed,” he said.
“I don’t travel much
in Mumbai like others,
but you (BMC) see the
condition of the road
right outside my resi-
dence (in south Mum-
bai) and that is where
many VIPs stay. I can-
not say come repair the
road outside my house,”
the Chief Justice said.
The court added that
the judges, too, are citi-
zens and the BMC
should do something
for all the citizens.
“We are saying, re-
pair all the roads at one
go. You (BMC) might
not be able to do it. Do it
in a phase-wise manner
but with some responsi-
bility,” it added.
“BMC is one the rich-
est corporations. When
you have money, spend
it on public good,” CJ
Datta said.
UNDER FIRE
BMC officials repair a water supply pipeline after it burst and left a crater, in Thane. —PHOTO BY PTI
High Court
urges cash-rich
civic body to
‘do something
about pothole-
riddled roads’
Six killed in 24 hrs
on highway where
Cyrus Mistry died
First India Bureau
Palghar: The Mum-
b a i - A h m e d a b a d
highway
, which was
under the spotlight
after former Tata
Sons chairman
Cyrus Mistry died in
a car accident, re-
portedly claimed six
lives in the past two
days in separate inci-
dents in the district.
A car, on its way to
Gujarat from Mumbai,
hit a road divider be-
fore ramming into a
tempo on Monday
night.Threeoccupants
of the car and the tem-
podriverwerekilledin
the crash. On Tuesday
afternoon, at the same
spot and in an almost
similar fashion, a car
hit a tempo killing two
others.
Following the
deaths, Palghar Police
registered a case
against the company
responsible for the
road’srepairwork.Ap-
parently
, the Monday
night accident hap-
pened because the car
was trying to dodge a
pothole.
The road mainte-
nance company was
neglectful in patching
potholes on the road,
which led to accidents
that killed locals, ac-
cording to police.
Mistry died in a car
accident on the same
stretch, while on his
way back to Mumbai
from Gujarat’s Udwa-
da to Mumbai.
Thestretchof Mum-
bai-Ahmedabad high-
way is considered
among India’s worst-
built and busiest
routes. The truck driv-
ers insist on using the
right lane, hence com-
pellingthecarstoover-
take from the left.
Police personnel inspect the vehicle of Cyrus Mistry after the
fatal crash on September 04. —FILE PHOTO
Police have booked
the road repairs’
contractor for
shoddy work
MAN ATTEMPTS
SUICIDE; SUFFERS
BURN INJURIES
Thane: A 38-year-old
man, hailing from
the Kharigaon area,
was admitted to Sion
Hospital after he tried to
immolate himself in a
suicide attempt, said the
officials. The Chief of the
Regional Disaster Man-
agement Cell (RDMC)
of the TMC Avinash
Sawant said the incident
occurred at around 8.10
pm, in which Yogesh
Pawar a resident of
Naresh Society doused
himself in petrol and set
on fire. Soon, a team of
local firemen and RDMC
reached the spot and
found himself severely
burnt.
SCHOOL CLERK,
HEADMASTER HELD
FOR TAKING BRIBE
Latur: The headmaster
and a clerk of a primary
school were arrested
by the Anti-Corruption
Bureau (ACB) for ac-
cepting a bribe worth
Rs6,000 for sanctioning
a week-long leave to a
teacher. The accused
have been identified
as Sudhakar Jagan-
nath Pordar (55), the
headmaster of the
school, and Shashikant
Vitthalrao Kharosekar
(54), the clerk. They had
first demanded a sum
of Rs7,000 and then
settled for Rs6,000, said
Deputy Superintendent
of Police (ACB), Pandit
Rejitwad.
21-YEAR-OLD MAN SWEPT AWAY IN
SWOLLEN NULLAH IN GONDIA; SEARCH ON
ANTI-CORRUPTION BUREAU ARRESTS
POLICEMAN FOR ACCEPTING BRIBE
Gondia: A 21-year-old man, identified as Ranjisin-
gh Pritamsingh Gill, was swept away in a swollen
nullah near Bharatiya Vidyapeeth School, while
he was going on his motorcycle in Gondia on
Wednesday, informed District Disaster Manage-
ment Officer Rajan Choubey. Soon, the disaster
management team reached the spot and initiated a
search operation, but the man remained untrace-
able. The search for the man will resume on
Thursday, he added.
Thane: Bharat Jagdale (40), a constable of the Thane
rural police, was arrested by the Anti-Corruption
Bureau for demanding and accepting a bribe. He
demanded Rs20,000 per month from a driver of a
transport firm to allow his vehicles to pass smoothly
between Nashik, Malegaon, Thane and Pune.
“Jagdale was held in a trap from Talavali Naka police
chowki while accepting money from the complain-
ant. A case has been registered,” Thane unit ACB
inspector Santosh Amibike said.
CRUCIAL READ
Aditi Khanna
London: A village
school in Maharash-
tra that has created a
cultural dynamic cen-
tred on close ties
within the communi-
ty was on Thursday
unveiled as one of
three finalists for the
inaugural $250,000
World’s Best School
Prizes, launched in
the UK to celebrate
schools worldwide for
their contribution to
society’s progress.
PCMC English Medi-
um School, Bopkhel, in
Pune district, will now
progress to the public
advisory vote round of
the prize in the Commu-
nity Collaboration cat-
egory, with the winner
to be awarded during
World Education Week
next month.
The school is run as a
public private partner-
ship between NGO
Akanksha Foundation
and local government,
with most of its stu-
dents from low-income
families.
“PCMC English Me-
dium School, Bopkhel,
also works with local
doctors, grocers and re-
ligious leaders to help
create programmes
that help parents in fi-
nancial need,” said T4
Education, the UK-
head-quartered digital
media platform which
founded the prize earli-
er this year.
The prizes are aimed
at sharing the best prac-
tices of schools that are
transforming the lives
of their students and
making a real difference
to their communities.
“Teachers every-
where will be inspired
by the example of this
outstanding Indian
school,” said Vikas
Pota, Founder of T4
Education and the
World’s Best School
Prizes.
If PCMC English Me-
dium School, Bopkhel
were to win the World’s
Best School Prize for
Community Collabora-
tion, it has plans to do-
nate some of the prize
money to the Akanksha
Foundation due to their
contribution towards
the management of the
school. The funds would
also be distributed to-
wards other schools
that work with the foun-
dation. — PTI
Pune village school enters final round of new $250,000 contest
WORLD’S BEST SCHOOL PRIZES
Most of the students at the PCMC
English Medium School, Bopkhel,
come from low-income families
The school is run on a PPP model, with most of its students from low-income families.
COMMUNITY EFFORT
Signal snag disrupts CR’s local trains services in Mumbai
First India Bureau
Mumbai: Local train
services on one of
Mumbai’s Central
Railway (CR) routes
were disrupted on
Thursday morning
due to a snag in a
signaling system, of-
ficials said.
Due to the disruption,
the crowd in local
trains—considered as
the lifeline of Mum-
bai—and on railway sta-
tions swelled during the
morning rush hours.
The snag occurred in
the signalling system at
Dadar railway station
around 6 am.
“Trainswererunning
late on the main line
from 6 am onwards,”
Central Railway’s chief
public relations officer
Shivaji Sutar said.
However, the techni-
cal snag was resolved at
around 8.30 am, he in-
formed.
According to com-
muters, while some of
the local trains were
cancelled, a few were
running late. They
claimed the suburban
services on the CR’s
main line, which con-
nects Chhatrapati
Shivaji Maharaj Termi-
nus (CSMT) in south
Mumbai to Thane,
Kasara and Khopoli,
were running late by at
least 30 minutes.
Nearly 40 lakh com-
muters travel daily in
the local trains operated
by the Central Railway
.
The CR operates 1,810
suburban services on its
various routes, includ-
ing the Main Line
(CSMT to Kasara/
Khopoli), Harbour Line
(CSMT to Goregoan/
Panvel), Trans-Harbour
Line (Vashi-Thane/Pan-
vel) and Bamandongri-
Belapur/Seawood line.
The snag occurred in the signalling system at Dadar railway station around 6 am. —FILE PHOTO
According to
commuters, while
some of the
local trains were
cancelled, a few were
running late
Thane: A 22-year-old army aspirant who had
come to Thane district for an interview under the
government’s ‘Agnipath’ scheme was killed after
being run over by a train, police said on Thurs-
day. The incident took place around 11 am on
Wednesday at Mumbra railway station. Rameshwar Deore, hailing from Dhule
district in Maharashtra, had come to Mumbra where interviews are underway
for the recruitment of ‘Agniveers’ under the scheme, an official from Thane
railway police station said. Deore was run over by a speeding train, the official
said without giving more details. He was rushed to the Thane Civil Hospital
where doctors declared him brought dead, the police said, adding that they
have registered a case of accidental death.
Thane: At least 25 shops in Waghoba Nagar in Thane district’s Kalwa area
developed cracks on Thursday after a nearby road caved in. However, no one
was injured in the incident, civic officials said. The cracks developed due to
digging work being undertaken near the tracks by the railways to construct a
protection wall, Thane Municipal Corporation’s Regional Disaster Management
Cell chief Avinash Sawant said. “During this digging work, a part of the adja-
cent road caved in, which in turn led to cracks in the walls of 25 shops. Civic
and fire brigade officials are at the spot to assess the situation,” he added.
ARMY ASPIRANT RUN OVER BY TRAIN
25 SHOPS DEVELOP CRACKS AFTER NEARBY ROAD CAVES IN
PERSPECTIVE
MUMBAI | FRIDAY, SEPTEMBER 23, 2022
04
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l Vol 1 l Issue No. 137
l RNI TITLE NO.
MAHENG/2022/14652
Printed and published by
Anita Hada Sangwan on behalf of
First Express Publishers. Printed at
Dangat Media Pvt Ltd, No.22, Dighe
MIDC, Vishnu Nagar, TTC Industrial
Area, Dighe, Navi Mumbai-400701.
Published at Plot No. 3 Scheme C
of Manglorean Garden Home, CHS
Limited, Survey No. 5, 6C (Part)
Ville Parle East, Mumbai 400057.
Phone 022-46031417.
Editor-In-Chief: Dr Jagdeesh Chandra
Editor: Anita Hada Sangwan
responsible for selection of news
under the PRB Act
SPIRITUAL SPEAK
Train up a child in the
way he should go, and
when he is old, he will not
depart from it.
—Bible
IN-DEPTH
Nitin Gadkari
@nitin_gadkari
Government under the visionary
leadership of Hon PM Shri @
narendramodi ji is dedicated to
unfolding prosperity in Andhra Pradesh
through world class infrastructure  the
development of above projects would
create large scale employment in the
state.#PragatiKaHighway #GatiShakti
Bhupender Yadav
@byadavbjp
India has a long history of conserving
one-horn rhinoceros. It’s matter of
pride poaching of rhinos in Kaziranga
has gone down to the lowest in the
last two decades. Govt is committed to
conserving this megafaunal species.
Kudos to all involved in the effort.
#WorldRhinoDay
TOP TWEETS
COMEDY KING
RAJU SRIVASTAVA
HAS DEPARTED
LEAVING A VOID
aughter is the best
medicine, read a
headline in a classy
journal popular
among the genteel
class. Go out in a park and laugh
your lungs out, say yoga gurus.
Charlie Chaplin, Robin Wil-
liams of Mrs Doubtfire fame
and Rowan Atkins who makes
us laugh as Mr Bean have helped
us laugh away our blues like Bol-
lywood’s Johnny Walker, Johny
Lever, Paresh Raval and Boman
Irani. Stand-up comedy is a dif-
ferent genre and in this category
Raju Srivastava carved out a
niche for himself in a very short
time. Sadly, he departed early
leaving us grieving.
Some people believe that
those who laugh live longer but
why should the life of those who
make us laugh be cut short so
abruptly to leave us sad?
Raju Srivastava belonged to
Kanpur and came from a very
humble background. With his
sharp observation and comic
sense he soon became a star co-
median. He will be remembered
for his creation---Gajodhar.
L
ith the cost of liv-
ing constantly ris-
ing in sync with
the aspiration
level of youth,
moonlighting is an easy way
of making that extra buck.
Work from home policy dur-
ing the Covid-19 pandemic
provided young profession-
als eager to extra money to
moonlight.
The practice adopted by
young information technol-
ogy professionals during the
Covid-19 pandemic has been
flagged as unfair and unethi-
cal by technology companies.
Wipro, for one, has fired 300
of its workers who were
found moonlighting as they
were working for rival com-
panies while working from
home. Now that’s unfair and
should not have been done, at
least not without the compa-
ny’s permission.
Other IT companies like In-
fosys and TCS have similar
viewsonthepracticeasthatof
Wipro Chairman Rishad
Premji. TCS has called it un-
ethical and Infosys has also
warned its workers in taking
up dual jobs either during or
post working hours without
the company’s knowledge.
Tech Mahindra is the only
companytohaveadoptedahu-
mane approach saying that it
was open to the practice if it
helps augment a worker’s in-
come. The company did not
clarify if it will allow them to
work for rivals. Sackings by
Wipro show a hardening of
stance by companies which
spoke of the no two-timing
clauseinemployees’contracts.
Yet, a handful of employees
could have been hard-pressed
for money due to a financial
crunch. Although the IT com-
panies are said to be good
paymasters, for some employ-
ees they could still be inade-
quate because of their finan-
cial backgrounds. Employees
should work for another com-
pany only after taking their
employers into confidence.
NO TWO TIMING,
SAY IT COMPANIES
Wipro, for one, has fired
300 of its workers who
were found moonlighting as
they were working for rival
companies while working
from home. Now that’s
unfair and should not
have been done, at least
not without the
company’s permission
W
‘INVESTING IN STOCKS BY PREDICTING
MACRO—ECONOMIC OUTCOMES IS
NOTHING BUT FINANCIAL ASTROLOGY’
ebates around macroeconom-
ic issues (interest rates, infla-
tion, wars, global political
risks) are often esoteric in
nature that only few inves-
tors fully grasp or under-
stand. Even well—known
experts and economists will
admit that they have had a
very shabby record of accu-
rately predicting macro—
economic outcomes. And yet
many investors spend enor-
mous amounts of intellectu-
al horsepower  financial
resources to gauge the state
of world affairs. Maybe those
who time the market to trade
in  out of securities have
seen large pay—offs but what
the last two and a half years
has shown is that the risks
that hurt investors are not
the ones they imaginatively
price in but those that they
did not see coming at all.
In an ideal world, an equity
investor would spend his en-
tire being on picking out in-
dividual businesses and judg-
ing if they are worthy of in-
vestments. In reality, most
spend far more time rational-
izing the decline or uptick in
share prices of companies
based on their assessment of
the prevailing macro—eco-
nomic scenario. Of—course,
there is no denying that the
broader economic outlook
can affect share prices inthe
short—term (just as they are
currently with NASDAQ
down around 30%) but in the
longer term it is the inherent
quality of the business that
determines its valuation.
The key lesson for investors
here is to understand that no
one is asking them to com-
pletely ignore the larger eco-
nomic reality but be broadly
aware of it—to the extent it
impacts the future prospects
of the businesses they own.
Truth be told, companies
and businesses are prone to
cycles of economic boom and
bust, just like it is the funda-
mental nature of stock prices
to be volatile. A few compa-
nies may benefit out of a tem-
porary tailwind, something
that has no effect on its long—
term earning power. On the
other hand, some companies
may see strong headwinds
that have significant no im-
pact on its long—term pros-
pects. Most companies tend
to be impacted by some
change in economic condi-
tions and it is a) necessary to
differentiate between tempo-
rary and permanent impair-
ment to earning power; b)
accept the cyclical nature of
most businesses and c) worry
more about the individual
business’ ability to adapt to a
new economic reality
.
A better approach to equi-
ty investing, therefore, would
be to treat individual stocks
of companies “family busi-
nesses” that you would want
to own for long periods of
time. For one, no rational
person would set up or run a
family business if they a)
don’t understand the under-
lying business; b) do not see
potentially great returns go-
ing forward; and c) plan to
sell out as soon as the going
gets tough. Essentially, the
characteristics you would
look for in a family business
are not dissimilar to what
you would look for in a pub-
licly listed company: a busi-
ness that dominates the in-
dustry with no or minimal
competition, one that sells
more products/services at
higher prices and lower costs
over a period of time and one
that intelligently allocates
capital to achieve the com-
pany’s mission or purpose.
Owning stocks of compa-
nies as different “family busi-
nesses”isapowerfulideathat
forcesindividualstospeculate
less on macro trends (short—
term gains or challenges) and
to think of themselves as
“owners” of businesses. Good
businesses don’t just survive
periods of economic down-
turn but in—fact come out
stronger on the other side
(killing weaker competition
in the process). Ultimately, a
company’s stock price should
reflect the strength of the un-
derlying business (although
one just doesn’t know when).
Which is why it is not a sur-
prise that the highest equity
returns come from owning
the best businesses in the
world—the most dominant,
thehighestqualitycompanies
thatarealwaysfocusedonget-
ting better at their game.
Equity investing is really
that: buying a collection of su-
perior businesses and con-
stantly re—evaluating their
“superiority”, as if they were
your family businesses. Any-
one who tells you where the
market is headed in the next
year or two is doing nothing
but indulging in financial as-
trology
.So,everythingelsethat
we usually hyperventilate
about(thedramaaroundinfla-
tion, the possibility of sus-
tained high interest rates fol-
lowed by a prolonged reces-
sion, the threat of a nuclear
war,theconstantfluctuationin
shareprices)isactuallyagiant
distraction to attaining solid
long—term financial returns.
Whichiswhyoneshouldbeton
company fundamentals, not
investorsentimentormacro—
economic outcomes.
THE VIEWS EXPRESSED BY
THE AUTHOR ARE PERSONAL
D
ARIHANT PANAGARIYA
The writer is a Portfolio Manager at
Hundred Ten Capital in London
Anyone who tells you where the
market is headed in the next
year or two is doing nothing
but indulging in financial
astrology. So, everything else
that we usually hyperventilate
about (the drama around
inflation, the possibility of
sustained high interest rates
followed by a prolonged
recession, the threat of a nuclear
war, the constant fluctuation in
share prices) is actually a giant
distraction to attaining solid
long—term financial returns.
Which is why one should bet on
company fundamentals, not
investor sentiment or macro—
economic outcomes
A better approach to equity
investing, therefore, would be
to treat individual stocks of
companies “family
businesses” that you
would want to own for long
periods of time. For one, no
rational person would set up
or run a family business if
they a) don’t understand the
underlying business; b) do
not see potentially great
returns going forward; and c)
plan to sell out as soon as
the going gets tough
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05
INDIA
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Congress leader Rahul Gandhi walks holding hands with supporters during his party’s Bharat Jodo Yatra, in Ernakulam on Thursday. —PHOTO BY ANI
RaGa TO FLY TO
DELHI, TO RESUME
YATRA FROM SEP 24
New Delhi: Congress
leader Rahul Gandhi is
scheduled to return to the
national capital on Thurs-
day, ahead of the com-
mencement of nominations
for the post of national
president of the party, ac-
cording to sources. Rahul
Gandhi and the party’s
General Secretary Priyanka
Gandhi Vadra will then re-
sume the Bharat Jodo Yatra
on September 24. As per
an official statement, the
nominations for filing the
candidature for the party’s
topmost post will continue
from September 24 (Satur-
day) to September 30 and
the final list of candidates
will be released at 5 pm on
October 8. The Congress
President election will be
conducted on October 17 at
all PCC and the results shall
be announced on October
19, immediately after the
counting of votes.  —ANI
RAHUL RESUMES
YATRA FROM ALUVA UC
COLLEGE IN KERALA
Kochi: Congress leader Rahul
Gandhi on Thursday resumed
the ‘Bharat Jodo Yatra’ by
planting a sapling brought from
Lakshadweep at the premises
of the Union Christian College
Aluva here. He also paid floral
tribute to a mango tree planted
by Mahatma Gandhi at the col-
lege on March 18, 1925. “Day
15 began at 6:20 am from UC
College, Aluva with @Rahul-
Gandhi paying floral tribute at
a mango tree planted by the
Mahatma there on 18.03.1925.
@RahulGandhi planted a sap-
ling brought from Lakshadweep
by a delegation of Athithi Yatris.
This is the spirit of
#BharatJodoYatra,”
senior Congress
leader Jairam
Ramesh tweeted.
Thousands joined
Gandhi on the
15th day of the
Yatra. —PTI
DIGVIJAY SINGH TO CONTEST FOR
CONGRESS’ PRESIDENT POST: SOURCES
New Delhi: Congress leader Digvijay Singh is likely to
contest for the position of party’s national president,
sources said on Thursday. Sources said Singh will to
meet party interim chief Sonia Gandhi.
The process of filing nominations for
the post of party chief will begin on
September 24 and will continue till
September 30. The election is scheduled
for October 17 and the counting of votes
will take place on October 19. Earlier,
Rajasthan CM Ashok Gehlot met Sonia Gandhi on
Wednesday amid growing buzz about a contest in the
presidential election in the party, while party leader
Shashi Tharoor also signalled his desire to contest the
election to elect a new party chief.  —ANI
TEWARI CONSIDERING TO THROW HAT IN
THE RING FOR PARTY PRESIDENT POLLS
New Delhi: With Congress preparing to elect the
successor of party chief Sonia Gandhi, former Union
minister Manish Tewari is the latest among the list
of contenders speculated to be in the
fray. The party on Thursday issued
an official notification announcing the
schedule for the election to the post
of party president. The elections are
slated to be held on October 17 at
all Pradesh Congress Com-
mittees. Sources close to the Sri Anandpur
Sahib MP said on Thursday that he is
considering throwing his hat in the ring
after Sonia Gandhi made it clear that
anybody can run in the poll. —ANI
GOURAV VALLABH SLAMS SHASHI THAROOR,
BACKS ASHOK GEHLOT FOR AICC CHIEF
New Delhi: Congress leader Gourav Vallabh on Thursday
hit out at Shashi Tharoor over his probable AICC president
poll bid, saying his “only major contribution” to the party
was to send letters to Sonia Gandhi when
she was hospitalised. In a first indicator of
leaders taking sides in the upcoming contest
for the top post, Vallabh also voiced support
for another likely contender, Rajasthan CM
Ashok Gehlot, who many believe has the
backing of the current leadership. However,
Sonia Gandhi is learnt to have told both Gehlot and Tharoor
that she would remain “neutral” in the polls. “The choice is
very simple and clear,” said Vallabh on Twitter. Vallabh is
also a party spokesperson but he asserted his comments
were as a Congress worker and not spokesperson.  —PTI
SHARAD PAWAR LIKELY CONSULTED MAMATA BEFORE MAKING
REMARK ABOUT BURYING DIFFERENCES WITH CONG: TMC LEADER
Kolkata: A TMC leader on Thursday said NCP chief Sharad Pawar likely consulted Mamata
Banerjee before making a statement about her being ready to bury differences with Con-
gress, to form an alliance of opposition parties ahead of the 2024 elections. Speaking to
media in Mumbai, Pawar had said Banerjee is ready to
bury her differences with the Congress in the national
interest and come together to form an anti-BJP front
before the Lok Sabha polls. “It is a good statement.
Pawar is a very senior leader of the country, and I
don’t think he has made the remarks without consult-
ing our party chief,” TMC leader Sougata Roy said.
The party’s chief spokesperson, Sukhendu Sekhar
Ray, however, declined to comment on Pawar’s re-
mark. “How can I comment on what Pawar has spoken about?” said Ray. Relations between
the Congress and TMC hit an all-time low last year, after the latter had slammed the grand
old party as “incapable and incompetent”, which had gone into a “deep freezer.”  —PTI
CANDIDATES’ LIST
FOR CONGRESS
PREZ LENGTHENS
New Delhi: The Congress
on Thursday launched the
process of electing a new
chief with 2 names almost
certain — Ashok Gehlot
and Shashi Tharoor. More
names have emerged.
Former Union Minister
Manish Tewari and former
Madhya Pradesh CM Kamal
Nath have joined the list.
Kamal Nath is “being con-
sidered and may contest”,
sources said.  —Agencies
You choose to focus on me but the idea is
to involve all Cong workers: Rahul Gandhi
Ernakulam (Agen-
cies): Senior Congress
leader Rahul Gandhi on
Thursday said that the
idea of the Bharat Jodo
Yatra is to involve hun-
dreds of Congress
workers.
While speaking at a
press conference in Ker-
ala, Rahul Gandhi said,
“You choose to focus on
me but the idea of the
yatra is to involve hun-
dreds of Congress
workers.”
Explaining the need
for the Bharat Jodo
Yatra, Rahul Gandhi
said, “We are fighting a
machine that has cap-
tured the institutional
framework of this coun-
try, that has unlimited
money and ability to
buy, pressurise and
threaten people. The
outcome of that is what
you’ve seen in Goa.”
He also said that the
idea that is pushing the
Bharat Jodo Yatra
ahead is an India that is
not at war with itself.
The Wayanad MP
said, “The yatra is to
tell the people of India
that they need to be
united. They need to go
back to an India which
was loving and affec-
tionate towards itself.”
“The success of this
yatra is based on a cou-
ple of ideas. An idea
that India which is unit-
ed, an India which is not
at war with itself, and
an India that is not filled
with hate,” he added.
The Bharat Jodo
Yatra led by Rahul Gan-
dhi began from Kanya-
kumari in Tamil Nadu
on September 7 and will
conclude in Jammu and
Kashmir.
This comes just a few
monthsaheadof several
crucial assembly polls,
including Himachal
Pradesh and Gujarat.
Bihar has
turned into a
sleeper cell
for terrorists:
Giriraj Singh
Purnia (ANI): Union
Minister Giriraj Singh
on Thursday alleged
that Bihar has turned
into a “sleeper cell for
terrorists”.
His remarks came
while reacting to the
largest joint operation
conducted by the Na-
tional Investigation
Agency, Enforcement
Directorate, and state
police forces across 11
states of the country in-
cluding Andhra
Pradesh, Assam, Delhi,
Karnataka, Kerala,
MadhyaPradesh,Maha-
rashtra, Puducherry,
Rajasthan, Tamil Nadu,
and Uttar Pradesh. Ac-
cusing Bihar CM Nitish
Kumar and Lalu Yadav
of encouraging the PFI
workers, Singh said,
“Simi organization
started working as Pop-
ular Front of India
(PFI), Nitish Kumar and
Lalu Yadav have been
patronizing them as cul-
tural organizations. Bi-
har has become a sleep-
er cell for terrorists.”
On the said raids by
the investigative agen-
cy, Singh said that the
law will take its course.
“They (PFI) want to
make Purnia its centre.
The way they were
caught in Phulwari
Sharif, they always in-
tended to make India a
Muslim nation, in 1947
as well,” Singh said.
A day before Home
Minister Amit Shah’s
visit to Bihar, the NIA
also conducted search-
es at the regional office
of PFI in Purnia.
Kejriwal using Assembly to present his political agendas!
Sharat K Verma
New Delhi: Aam Aad-
mi Party can do any-
thing. Party supremo
and self proclaimed
champion of ‘honesty’
Arvind Kejriwal is de-
veloping his own politi-
cal modalities. One of
his methods from day
one has been to accuse
anyone and later apolo-
gize if he gets into a le-
gal trouble. He is still
doing that kind of poli-
tics. Similarly
, he has no
hesitation in using any
institution to promote
the party or to say any-
thing for votes. He is
now using the assembly
to promote his party, to
present his agenda and
for political gains. He is
using the proceedings
of the Assembly for
electoral gains.
The Legislative As-
sembly has a process of
securing a vote of confi-
dence, which is usually
done at the time of the
formation of a new gov-
ernmentorinexception-
al circumstances. But
Kejriwal is calling the
assembly session by pre-
tending that there exists
an extraordinary situa-
tionandismakingpoliti-
cal speeches in the name
of winningthetrustvote.
In Delhi, he had called a
special one-day session,
which lasted for five
days, and during that
time not a single legisla-
tive business was held or
any meaningful discus-
sion. Only Kejriwal ac-
cused the BJP that it
wants to break the Aam
Aadmi Party
. A one-day
sessionof thePunjabAs-
sembly has now been
called to make similar
allegations. Bhagwant
Mann will seek the trust
vote in a special session
on Thursday
. AAP has 92
MLAsinthe117-member
assembly and no one has
challenged the majority
,
but AAP is still calling
the session and claiming
that BJP was breaking
AAPMLAsbutcouldnot
break them. This is a
missuse of the process.
2 persons linked with LeT
apprehended in Sopore
Sopore (ANI): Two per-
sons allegedly a part of
Lashkar-e-Taiba (LeT)
were apprehended by
Sopore Police on
Wednesday, after a cor-
don and search opera-
tion in Botingoo village.
The two apprehended
persons have been iden-
tified as Imtiyaz Ahmad
Ganai and Waseem Ah-
mad Lone, informed lo-
cal police. During the
interrogation, they re-
vealed that they both
were working for LeT
and at the behest of LeT
terrorist Bilal Hamza
Mir, were planning to
attack the security forc-
es and civilians in and
around the Sopore area.
While Imtiyaz was
working as a hybrid ter-
rorist, Waseem was
working as an Over
Ground Worker (OGW).
The Sopore Police in-
formed that it had some
reliable information
about the presence of
terrorists belonging to
the proscribed terrorist
organisationLeT.Based
on it, a cordon and
search operation was
launched in Botingoo
village, along with 22
Rashtriya Rifles, 179 BN
CRPF and Det Marcos.
During the opera-
tion, one pistol, one pis-
tol magazine, and eight
pistol rounds were re-
covered from the pos-
session of Imtiyaz
while one Chinese
hand grenade was re-
covered from the pos-
session of Waseem, the
police said.
Former Tripura
CM Biplab Deb
elected to RS
Agartala: Former
Tripura CM Biplab Ku-
mar Deb won the Rajya
Sabha by-
poll held on
Thursday.
He polled 43
votes.“Grat-
itude to the
BJP and IPFT MLAs of
Tripura for electing me
as a Rajya Sabha MP.
Gratitude to PM Sri @
narendramodi Ji, @
BJP4India President Sri
@JPNadda Ji  HM Sri
@AmitShah for giving
me this opportunity to
representTripurainRa-
jya Sabha,” Deb tweeted
after his victory
.
BOBBY KATARIA GETS ANTICIPATORY BAIL IN
SMOKING ON SPICEJET PLANE ROW
New Delhi: Social media influencer Bobby Kataria was on
Thursday granted anticipatory bail in connection with a
video showing him smoking on a SpiceJet flight which had
triggered a massive row last month. Kataria
had moved an anticipatory bail plea in a Delhi
Court in relation to an FIR registered against
him for allegedly smoking on board during his
journey from Dubai to Delhi on January 21,
2022. Delhi Police had taken cognizance of
the incident and invoked section 3(1)(c) of the
Suppression of Unlawful Act against the safety of the Civil
Aviation Act,1982. The anticipatory bail plea was filed before
the district and sessions judge of Patiala House Court. —ANI
SC APPOINTS EX-JUDGE L NAGESWARA RAO
FOR AMENDING CONSTITUTION OF IOA
New Delhi: The Supreme Court Thursday appointed former
SC judge Justice L Nageswara Rao for amending constitu-
tion of Indian Olympic Association (IOA) and preparing elec-
toral college. A bench said the ex-top court
judge would ensure a fair and development-
oriented approach for the future of Olympics in
tIndia. The court asked Justice Rao to prepare
a road map for amending the constitution and
holding elections by Dec 15, 2022. It also
gave its permission to Rajeev Mehta, who is
currently the secretary general of IOA, and Adille Sumariwalla,
vice president of IOA, to participate in the Sep 27 meeting
with the International Olympic Committee.  —PTI
IN THE COURTYARD
HC RESERVES ORDER
ON L-G’S DEFAMATION
AGAINST AAP LEADERS
New Delhi: The Delhi
High Court on Thursday
reserved its order on a
defamation suit moved by
L-G Vinai Kumar Saxena
against the AAP leaders for
levelling allegations against
the L-G of corrupt practic-
es during demonetisation.
After hearing the submis-
sions of the parties, Justice
Amit Bansal reserved the
order.  —Agencies
NO COERCIVE ACTION
AGAINST SCHOOLS:
HC TO C’GARH GOVT
Raipur: The Chhattisgarh
high court has directed the
state government that no
coercive steps shall be tak-
en against private schools
as far as the distribution of
study materials, uniforms
and books among students
getting admission under
the Rights of Children
to Free and Compulsory
Education (RTE) Act, 2009.
 —Agencies
No BMC...
(zone-2) in separate
letters sent to the two
factions on Wednesday
denied permission to
use the ground in cen-
tral Mumbai’s Dadar
area.
The Shinde faction
had last week obtained
the nod for holding the
rally at the MMRDA
ground in Bandra Kur-
la Complex (BKC)
on the same day, Octo-
ber 05, as an alterna-
tive.
In its letters reject-
ing the applications,
the BMC cited remarks
by the Shivaji Park po-
lice station that “if
any one of the appli-
cants is granted per-
mission to hold the
rally, this may create a
serious problem of law
and order in the sensi-
tive area of Shivaji
Park”.
Following the BMC’s
decision, the Bombay
High Court on Thurs-
day allowed the Thack-
eray-led Sena to amend
its earlier petition so
as to challenge the de-
nial of permission. In
the original petition,
the Sena had sought a
direction for the BMC
to decide its applica-
tion.
A division bench of
Justices RD Dhanuka
and Kamal Khata said
it would hear the peti-
tion on Friday.
FROM PG 1
MUMBAI | FRIDAY, SEPTEMBER 23, 2022
06
INDIA
www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia
New Delhi (ANI): In
the USD 5 billion ten-
ders to buy 26 combat
aircraft, the report of
the extensive trials of
the French Rafale and
American F-18 planes
is being evaluated by
the Indian Navy head-
quarters.
The aircraft is
planned to be acquired
under a government-to-
government deal by the
Navy for operations
from its latest aircraft
carrier INS Vikrant
commissioned recently
by Prime Minister Nar-
endra Modi in Kochi.
“The extensive trial
was held by a naval
team in Goa for both the
fighter aircraft Rafale
and F-18. The report is
with the headquarters
and is being eventuated
for final shortlisting,”
government sources
said. The evaluation is
to see whether the air-
craft has met the techni-
cal specifications of the
naval requirements or
not, they said.
The American air-
craft are built for carri-
ers weighing around
one lakh tonnes while
the French Rafale is
made for 60,000 tonne-
size carriers. The Navy
has MiG-29Ks which op-
erate from the INS
Vikramaditya and also
don’t have a strong ser-
viceability record and
their numbers are con-
sidered to be sufficient
only for one carrier.
Indian Navy evaluating trial
reports of two fighter jets
Aircraft is planned to be acquired under a govt-to-govt deal by Navy for operations
Representative image of a Rafale Marine aircraft.  —FILE PHOTO
INDIA ON CUSP OF
INFRA REVOLUTION,
SAYS LT GEN SINGH
Panaji (ANI): Pointing out
that now the Army was
also using high-energy
technology to construct its
buildings for operational
usage, the
topmost
engineering
officer of
the Indian
Army said
the country
was on the cusp of an
infrastructure revolution in
view of the developments
in the sector. Speaking at
a conclave in Goa, Indian
Army’s Engineer in chief
Lt Gen Harpal Singh said,
“The Military Engineering
Services, an infrastructure
arm of the Corps of En-
gineers of Indian Army is
taking up nische technolo-
gies to bring in faster and
quality construction all
around.” “India’s first 3D
Concrete Printed per-
manent married accom-
modation for soldiers was
constructed by co-opting
a start-up by the Military
Engineering Service in a
matter of weeks,” he said.
UNEP SIGNS MOU WITH NCC TO CURB PLASTIC POLLUTION
New Delhi: The UN En-
vironment Programme
(UNEP) has signed a
Memorandum of Under-
standing (MoU) with the
National Cadet Corps
(NCC) to tackle the issue
of plastic pollution. The
aim is to achieve the
universal goal of clean
water bodies through
‘Puneet Sagar Abhiyan’
and ‘Tide Turners Plastic
Challenge programme’,
the Ministry of Defence
said in a statement.
The MoU was signed
between DG NCC Lt Gen
Gurbirpal Singh and
Resident Representative,
UN World Food Pro-
gramme Bishow Parajuli
in the presence of De-
fence Minister Rajnath
Singh, MoS Defence
Ajay Bhatt, Defence
Secretary Ajay Kumar;
other senior officials of
Ministry of Defence and
representatives of UNEP.
Now,PunjabAssembly
sessiononSeptember27
Chandigarh (ANI):
Punjab Chief Minis-
ter Bhagwant Mann
on Thursday said that
it was decided in the
cabinet meeting that
the Assembly Session
will now convene on
Tuesday, September
27. In the session, is-
sues like electricity
and stubble burning
will be discussed, CM
Bhagwant Mann said.
“In the cabinet
meeting today, it has
been decided to con-
vene an Assembly ses-
sion on September 27.
Issues like electricity
and stubble burning
will be discussed,”
CM Mann said after
chairing a cabinet
meeting at the Punjab
Secretariat in Chandi-
garh, day after the
previous assembly
session (that was
scheduled to be held)
was cancelled by state
governor Banwarilal
Purohit.
Punjab CM Bhagwant Mann announces a special session of the assembly that has now been
called on September 27 with a revised list of agendas. —FILE PHOTO
11 CONG MLAs SUSPENDED ON
LAST DAY OF GUJARAT ASSEMBLY
Gandhinagar (Agencies):
As many as 11 Con-
gress MLAs were on
Thursday suspended
for the day from the
Gujarat Assembly after
they created a ruckus
demanding a debate
on caste-based cen-
sus and OBC reserva-
tion in local bodies.
When the house was
discussing the amend-
ment bill on Gujarat
National Law Univer-
sity, a senior Congress
leader demanded for a
debate on OBC reser-
vation in local bodies.
Speaker Neemaben
Acharya turned down
the request saying that
the party should have
moved a request for it
earlier.
Mahesh Sharma
New Delhi: What is the
loss to the Congress or
the gain to the BJP if
Captain Amarinder
Singh, the former Chief
Minister of Punjab,
joins the saffron party?
According to informed
sources, the BJP does
not expect much from
the Captain. Therefore,
he is less likely to be
given any important re-
sponsibility in the par-
ty. BJP has already giv-
en a big message to the
Sikh voters of the state
by including former IPS
officer Iqbal Singh Lal-
pura as a Sikh face in
the Parliamentary
Board. Therefore, there
is no need to send any
message to the Sikhs
through the 80-year-old
captain. A BJP leader
says that the captain’s
case is only about one
Lok Sabha seat and
even the BJP is working
on one Lok Sabha seat
for the next election and
even Captain will also
work on the same.
It is worth mention-
ing that the BJP had
fought the last election
in coordination with
the Akali Dal and got
two seats. This time the
party is trying to win
one or two new seats
while somehow retain-
ing these two seats.
That is, the party is
fighting with a target of
winning three to four
seats in Punjab.
Captain Amarinder
Singh can come in
handy in this. His wife
Preneet Kaur is a Con-
gress MP from Patiala
seat.
In the next Lok Sabha
elections, she can con-
test on a BJP ticket and
the party can win this
seat. Apart from this,
Captain has no more
use for BJP.
Is BJP hoping to win one more LS seat in Punjab?
PLANNING FOR FUTURE
Comedian Raju Srivastava cremated in Delhi
New Delhi (PTI) : Pop-
ular comedianand actor
Raju Srivastava was on
Thursday cremated in
the presence of family
and close friends here.
The 58-year-old come-
dian, one of the most
well-known names in
the comedy and film cir-
cles, died on Wednesday
morning at the All India
Institute of Medical Sci-
ences after spending 41
days in hospital. He was
admitted to AIIMS fol-
lowing a heart attack
while working out at a
Delhi hotel gym on Au-
gust 10. Srivastava’s
mortal remains were
taken to his house in the
south-west Delhi locali-
ty Dwarka, after they
were handed over to the
family on Wednesday
.
An ambulance decked
up with white flowers
left for the Nigambodh
Ghat crematorium at
Kashmere Gate at
around 9am for the fu-
neral, which also had
veteran poet-humour-
ists Surendra Sharma
and Ashok Chakradhar
in attendance.
Srivastava’s son
Ayushmaan performed
the last rites as per Hin-
du rituals at around
11am, the comedian’s
younger brother Dipoo
told PTI. “We left from
the house in Dwarka at
about 9am for the fu-
neral. Our family mem-
bers from Kanpur and
Lucknow are here,” he
added.
Industry colleagues
Sunil Pal and Ahsaan
Qureshi, director
Madhur Bhandarkar
and singer Ram
Shankar along with
hundreds of fans also
reached the venue to
pay last respects to the
comedian.
31 PPS officers
to be promoted
as IPS officers
Ahtesham Siddiqui
Lucknow: In UP
, 31 po-
lice officers of the Pro-
vincial Police Service
(PPS) cadre will soon be-
comeIPSofficers.ADPC
to make 31 officers of the
PPS cadre of the state
IPS has been called in
Lucknow on October 7.
The PPS officers who
will get promoted in-
clude Amit Mishra,
Shravan Kumar Singh,
Sarbanand Singh Ya-
dav, Hafeezur Rahman,
Ramesh Prasad Gupta,
Keshavchand Goswami,
Omvir Singh, Rajesh
Kumar Yadav, Babita
Sahu, Lal Saheb Yadav,
Rajdhari Chaurasia, Vi-
nod Kumar, Om
Prakash Yadav, Mahat-
ma Prasad, Prabal
Pratap Singh, Rajesh
Kumar, Dayaram,
Girjesh Kumar, Prem
Chandra, Bhim Priya
Ashok, Sanjay Kumar,
Dinesh Kumar Singh,
Chandra Prakash Shuk-
la, Brijesh Kumar
Mishra, Ashutosh
Shukla and others.
Former Punjab CM Amarinder Singh at BJP headquarters after joining the Bharatiya Janata Party, in
New Delhi. —FILE PHOTO
Mortal remains of Raju Srivastava being carried for cremation at
Nigambodh Ghat in New Delhi on Thursday.  —PHOTO BY PTI
RAFALE VS F-18
RSS Chief Mohan Bhagwat leaves after meeting All India Imam
Organisation Chief Umer Ahmed Ilyasi, at a mosque in New Delhi
on Thursday. (Bottom) RSS Chief during his visit at a mosque.
Mohan Bhagwat is ‘Rashtra
Pita’:Top Muslim cleric
New Delhi: Reaching
out to the Muslim com-
munity, RSS chief Mo-
han Bhagwat, along
with senior Sangh func-
tionaries, on Thursday
metImamUmerAhmed
Ilyasi, the chief of All
India Imam Organisa-
tion. The closed-door
meeting lasted for over
an hour.
RSS chief has been
holding discussions
with Muslim intellectu-
als for strengthening
communal harmony.
RSS spokesperson
Sunil Ambekar said
meeting was part of the
continuous discussion
process, Bhagwat meets
people from all walks
of life.
Mohan Bhagwat
ji visited on
my invitation
today. He’s ‘rashtra-pita’
and ‘rashtra-rishi’, a good
message will go out from
his visit. Our ways of wor-
shipping god are different,
but the biggest religion is
humanity. We believe the
country comes first.
—Umer Ahmed Ilyasi, All
India Imam Org Chief
Tata group airlines AI, Vistara, AirAsia ink
MoU for sustainable aviation fuels
New Delhi: Tata group
airlines – Air India, Ai-
rAsia India and Vistara
(Tata SIA Airlines), on
Thursday signed a MoU
with the Council of Sci-
entific and Industrial
Research, Indian Insti-
tute of Petroleum to col-
laborate and work to-
gether on the research,
development, and de-
ployment of sustainable
aviation fuels (SAFs),
officials said.
“The MOU outlines
the intent of the signato-
ries to work together in
a variety of other areas
related to sustainable
aviation,” an Air India
spokesperson said add-
ing the focus of the MoU
is to explore Single Reac-
tor HEFA (fuels) Tech-
nology for Drop-in liquid
Sustainable Aviation
and Automotive Fuel
(DILSAAF). This comes
two days after civil avia-
tion minister Jyotiradi-
tya Scindia stressed on
carbon neutrality. The
minister also said India
will have over 90 carbon-
neutral airports by 2024.
(From Left) Siddharth Sharma, Niyant Maru, Campbell Wilson,
Sunil Bhaskaran and Dr Anjan Ray signing MoU on Thursday.
IPL to return to
home-away
format in 2023
New Delhi (PTI): IPL
will return to its origi-
nal, pre-COVID-19,
home-and-away format
from the 2023 season,
BCCIPrezGangulysaid.
The IPL has been held at
only a few venues since
the outbreak of COV-
ID-19 as the lucrative
league unfolded behind
close doors across three
venuesinUAE—Dubai,
Sharjah and Abu Dhabi.
CRUCIAL READ
10 KILLED, 11
INJURED IN UP IN
RAIN-RELATED
INCIDENTS
Lucknow (PTI): At least 10
people were killed, seven
of them in Etawah, and 11
injured in incidents of light-
ning, and wall and house
collapses as heavy rains in
parts of UP affected normal
life in Firozabad and forced
the closure of schools in
Aligarh. Apart from Etawah
-- where the seven deceased
included four children of a
family -- deaths have also
been reported from Firoz-
abad and Balrampur districts
since Wednesday, officials
said. According to the IMD,
rainfall or thundershowers
have been observed at
most places over UP since
Wednesday morning.
HP TO CREATE 2,000
DIGITAL CLASS-
ROOMS IN GOVT
SCHOOLS
Bengaluru (Agencies): HP
India on Thursday said it
would enable up to 2,000
digital classrooms under
HP Accessible Learning for
All (ALFA) initiative in India.
These digital classrooms
would be set up in govt or
government-aided schools
across 17 States for Class
9 and 12 students. The
initiative was in line with
the government’s National
Education Policy (NEP)
2020, said the company in
a statement.HP would rope
in NGO partners, corporate
foundations, and non-gov-
ernmental organisations
(NGOs) to implement this
project.
MUMBAI | FRIDAY, SEPTEMBER 23, 2022
07
www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia
Commodity	 Price	 Change	 % Chg
GOLD	 50,399.00	 442.00	0.87 (Per 10g)
SILVER	 58,580.00	558.00	 0.95 (Per 1kg)
COMMODITIES
Currency	 Price	 Change	 % Chg
USDINR	 80.79	 0.83	1.02
GBPINR	 91.30	 0.56	0.62
CURRENCIES
Swiggy,Zomato in Top 10 e-comm platforms
New Delhi: A report pub-
lished by a Canada-based
research firms has placed
Indian food aggregator
platforms Swiggy and Zo-
mato in the top ten e-com-
merce food delivery compa-
nies. The report has put
China’s publicly listed food
platform Meituan at the
top of the list, followed by
the UK’s Deliveroo, and the
US’ Uber Eats.
ThereportbyETCGroup
said, “The food delivery
sector is rapidly consoli-
dating, but ownership is a
moving target. As compa-
nies jostle for regional he-
gemony, they are buying,
selling and swapping
stakes in competitors.”
The most important part
is that both of them are
part of over 100 Indian uni-
corns. According to the re-
search firm, the food deliv-
ery sector refers to digital,
on-demand platforms for
ordering and paying for
prepared food, groceries
and other retail items. Res-
taurants/retailers fill the
orders and couriers deliver
them to customers within a
prescribed timeframe.
Further, Ele.me, Door-
Dash, Just Eat Takeaway/
Grubhub, Delivery Hero,
and iFood found them-
selves in the 4th to 8th spot.
ACCORDING TO REPORT BY ETC GROUP
GLOBAL
LEADERS
	
z China’s publicly listed food
platform Meituan at the
top of the list, followed by
the UK’s Deliveroo, and the
US’ Uber Eats
	
z Ele.me, DoorDash, Just Eat
Takeaway/Grubhub found
themselves in 4th to 6th spot
business
BRIEFS
Guwahati: The Indrad-
hanush Gas Grid Limited
(IGGL), joint venture of
five oil and gas public sec-
tor undertakings, has
achieved a physical pro-
gress of 42.94% and a
capital expenditure of
`1556.46 crore for the
2021-22 financial year, ac-
cording to a company re-
lease on Thursday. IGGL
Chairman Atindra Roy-
choudhury said this while
addressing the fourth an-
nual general meeting. “The
company achieved a capi-
tal expenditure of
`1556.46 crore and physi-
cal progress of 42.94 per
cent in the financial year
2021-22”, he said.  —PTI
New Delhi: Amid the
funding winter, 128 Indian
startups have raised over
$995 million venture capi-
tal funding in August,
GlobalData said. The
funds raised in August are
9.7% more than that in
July, the data and analyt-
ics company said. Aurojy-
oti Bose, Lead Analyst at
GlobalData, said: “Al-
though the total VC fund-
ing amount still remains
below $1 billion akin to
July, August managed to
reverse the decline in fun-
draising, despite a 2.3%
fall in deal volume.” —PTI
INDIAN STARTUPS
RAISE OVER $995
MILLION VC FUNDING
IGGL MAKES 42.94%
PHYSICAL PROGRESS,
`1556.46 CR CAPEX
Kolkata: Loan disbursals
by microfinance institu-
tions during the first quar-
ter of 2022-23 increased
to `45,830 crore as com-
pared to `25,503 crore in
the same period last fis-
cal, a report by MFIN said.
MFIN, a self-regulatory
organisation recognised
by RBI, said in the report
that the number of loans
disbursed in the first
quarter of the current fis-
cal stood at 116 lakh, as
compared to 71 lakh in
the same period of last fi-
nancial year.  —PTI
LOAN DISBURSALS
BY MFIs RISE IN 1st
QUARTER OF 2022-23
New Delhi: Ola Electric
on Thursday said it plans
to foray into the interna-
tional markets starting
with Nepal. The company
said it has signed a MoU
with CG Motors in Nepal
partnering them as local
distributors for its Ola S1
scooters (S1  S1 Pro).
The scooters will be
available in Nepal starting
next quarter. In the sec-
ond phase, the company
also aims to enter Latin
America, ASEAN and Eu-
ropean Union, increasing
the company’s presence
in up to five international
markets.  —PTI
OLA ELECTRIC TO
FORAY INTO INT’L
MKT, FROM NEPAL
*Rates till the edition went to print.
SPICEJET HIKES PILOTS
SALARY BY 20% AFTER
GETTING ECLGS FUNDS
Mumbai: SpiceJet has hiked
salary of its captains and senior
first officers by around 20%
from October
as it gets the
first tranche of
funds under
the govern-
ment’s credit guarantee scheme.
The carrier is also expected to
deposit TDS of all employees in
next two to three weeks, as per
the communication sent to the
airline pilots. The communica-
tion to the airline pilots came on
the day it sent 80 of its cockpit
crew on Leave Without Pay for
three months.  —PTI
FUTURE ENTERPRISES
GETS 3 MONTHS EXTN
FOR HOLDING AGM
New Delhi: Future Enterprises
has received a three-month
extension for holding its AGM,
a regulatory
filing by the
debt-ridden
firm said.
The Registrar
of Companies, Mumbai has
accorded its approval to the
company granting an extension
for three months for holding
the AGM of the company before
December 31, 2022. “Accord-
ingly, the aforesaid AGM of the
Company would be held within
the extended timeline,” said FEL
in late night filing.  —PTI
OTHER STORIES
‘WANT TO MAKE SURE INDIA-UK FTA IS FIRST STEP
IN CONTINUALLY EVOLVING TRADE, ECO P’SHIP’
New York: Prime Minister Narendra Modi has set a very ambitious
desire to get the India-UK Free Trade Agreement signed by Diwali and
his new British counterpart Liz Truss wants her administration to
“match the pace and ambition” of the
Indian leader, UK Foreign Secretary
James Cleverly has said. Cleverly also
said that the bilateral relationship
between India and UK is longstanding
and wide-ranging, which is both a “huge
plus” but it also means that “quite
understandably there is a desire to have a very, very wide-ranging,
meaningful free trade agreement.”  —PTI
` tanks 83 paise to close
at all-time low of 80.79/$
AFTER US FED’S RATE HIKE DECISION
Mumbai: The rupee
plunged by 83 paise — its
biggest single-day loss in
nearly seven months — to
close at an all-time low of
80.79 against the US dollar
on Thursday after the US
Federal Reserve’s interest
rate hike and its hawkish
stance weighed on investor
sentiments.
Forex traders said the
US Fed’s rate hike and es-
calation of geopolitical
risk in Ukraine sapped
risk appetite.
Moreover, the strength
of the American currency
in the overseas market, a
muted trend in domestic
equities, risk-off mood and
firm crude oil prices
weighed on the rupee.
At the interbank for-
eign exchange market, the
local currency opened at
80.27, then fell further to
an all-time intra-day low
of 80.95 against the Amer-
ican currency.
It finally ended at 80.79,
down 83 paise over its pre-
vious close of 79.96. The
rupee suffered its biggest
single-day fall since Febru-
ary 24 when it had declined
by 99 paise.
The US Fed hiked inter-
est rates by 75 basis points
to 3-3.25%. It was the third
straight 75 basis points
hike. Fed Chair Jerome
Powell reiterated the cen-
tral bank’s commitment to
taming inflation.
Focus will be on Bank of
Japan (BoJ) and Bank of
England (BoE) monetary
policies next, forex traders
said.
Meanwhile, the dollar
index, which gauges the
greenback’s strength
against a basket of six cur-
rencies, advanced 0.38 per
cent to 110.06.
Besides the hawkish US
Fed stance, the US Dollar
extended gains against its
major crosses after Rus-
sian President Vladimir
Putin announced partial
military mobilisation.
“An aggressive Fed
Chair Jerome Powell and
Russian President
Vladimir Putin’s escala-
tion of geopolitical risk in
Ukraine turned on the
green light for King Dollar
against most currencies,”
said Dilip Parmar, Re-
search Analyst, HDFC Se-
curities. Rupee along with
other Asian peers tumbled
to a record low.
SENSEX FALLS FOR
2ND DAY; ENDS 337
POINTS DOWN
Mumbai (PTI): Equity indices
fell on Thursday, mirroring weak
global market trends following
the US Federal Reserve’s interest
rate hike and hawkish stance.The
30-share BSE Sensex declined
337.06 points or 0.57% to settle
at 59,119.72. During the day, it
tanked 624 points or 1.04% to
58,832.78.The NSE Nifty went
lower by 88.55 points or 0.50%
to end at 17,629.80.Among the
30-share Sensex pack, Power
Grid, HDFC Bank, HDFC, Axis
Bank, Bajaj Finserv, ICICI Bank
and UltraTech Cement were the
major laggards.
GOLD JUMPS `442; SILVER CLIMBS `558
New Delhi (PTI): Gold price in the national capital rose by `442 to
`50,399 per 10 grams on Thursday amid a rise in international pre-
cious metal prices and sharp rupee depreciation, according to HDFC
Securities. In the previous trade, the
yellow metal had closed at `49,957 per
10 grams. Silver also climbed by `558 to
`58,580 per kilogram from `58,022 per
kg in the previous trade. In the interna-
tional market, gold was trading higher at
$1,677 per ounce, while silver was flat at
$19.69 per ounce.
At WTO meeting,
India defends ban on
rice, wheat exports
New Delhi (Agencies):
India has defended its deci-
sion to ban export of wheat
and rice at a WTO meeting
even as some member
countries have flagged con-
cerns over the country’s
stand, an official said.
At a meeting last week in
Geneva, Senegal, the US
and the European Union
raised questions over this
decision, stating it could
have adverse implications
on global markets.
Defending its decision,
India clarified that the ban
on export of broken rice,
which is used in poultry
feed, follows a rise in the
grain’s exports in recent
months which put pressure
on the domestic market.
In the case of wheat, food
security concerns necessi-
tated export curbs.
“India has also stated
that the measures are tem-
porary in nature and under
continuous monitoring,”
the official said.
Senegal, a major import-
er of India’s broken rice
and other rice products,
urged India to keep trade
open in these difficult
times to ensure food suffi-
ciency, the official added.
QUESTIONS
RAISED
	
z Senegal, the US  the EU
raised questions over this
decision, stating it could
have adverse implications
on global markets
	
z India clarified that the ban
on export of broken rice
follows a rise in the grain’s
exports in recent months
which put pressure on the
domestic market
Adani makes
no-poaching
pact with RIL
Mumbai (Agencies): The
Adani Group, led by the
world’s third richest man
Gautam Adani, has entered
into a no-poaching agree-
ment with Mukesh Amba-
ni-led Reliance Industries,
such that both groups will
be restricted from hiring
talent from each other. The
agreement has come into
effect from May this year
and will be applicable to all
their businesses.
What makes this pact in-
teresting is that it is be-
tween two of India’s larg-
est conglomerates and of
late both have entered sec-
tors where the other has a
big play. Last year, Adani
Group announced its entry
into the petrochemical
space with Adani Petro-
chemicals Limited, which
is where Reliance has a
large presence. The other
area where their paths
cross is the high-speed data
services.
Mumbai (PTI): The Re-
serve Bank of India on
Thursday said it has can-
celled the licence of
Solapur (Maharashtra)
based The Laxmi Co-opera-
tive Bank Limited as the
lender does not have ade-
quate capital and earning
prospects.
“The bank does not have
adequate capital and earn-
ing prospects,” the RBI
said while announcing
that The Laxmi Co-opera-
tive Bank ceases to carry
on banking business, with
effect from the close of
business on Thursday
(September 22, 2022).
As per the statement, the
co-operative bank has
failed to comply with the
requirements the Banking
Regulation Act, 1949 and
its continuance is prejudi-
cial to the interests of its
depositors.
“The bank with its pre-
sent financial position
would be unable to pay its
present depositors in full,”
the RBI said.
The bank is now prohib-
ited from conducting the
‘business of banking’.
RBI cancels licence of
Laxmi Co-operative Bank
DEPOSITORS TO
GET ` 5 LAKH
	
z On liquidation, every
depositor would be entitled
to receive deposit insurance
claim amount of his/her
deposits up to Rs 5 lakh
from DICGC. 99 per cent of
depositors are entitled to
receive full amount of their
deposits from the DICGC,
the RBI said in a statement
Another hefty
cheque to BSNL
to cut debt load
New Delhi (Agencies):
The government has given
a `19,000-crore sovereign
guarantee to Bharat San-
char Nigam Ltd (BSNL),
which will allow the ailing
state-run telco to restruc-
ture its debt and that of
state-run Mahanagar Tele-
phone Nigam Ltd (MTNL),
officials said.
Both firms have a com-
bined debt of around `60K
crore, of which `33,000
crore is on the books of
BSNL. As per the officials,
another similar amount of
bank guarantee will be
given to the firm in the
next financial year start-
ing, so that the debt burden
can be reduced further.
Over `58,000 crore
lost due to illicit trade
New Delhi (PTI): The ex-
chequer is estimated to
have lost `58,521 crore in
taxes in 2019-20 due to il-
licit trade in goods in 5 key
industries, including
FMCG, mobile phone, to-
bacco products and alco-
hol, a Ficci report said.
The size of illicit mar-
kets in these industries at
a little over `2.60 lakh crore
for the year 2019-20, with
the FMCG industry ac-
counting for 75% of the to-
tal illicit value of goods in
five key industries.
The two highly regulated
and taxed industries, to-
bacco products and alco-
holic beverages, account
for nearly 49% of the over-
all tax loss to the govern-
ment due to illicit markets
in these five key industries.
The max number of jobs
(7.94 lakh) were lost due to
illicit trade in the FMCG
packaged foods industry
.
MUMBAI | FRIDAY, SEPTEMBER 23, 2022
08
2NDFRONT
www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia
Mumbai (ANI): After
winning 3-0 in their
opening match, the
Mumbai Marines FC
are all set to face Mum-
bai Ultras in their sec-
ond match of the sea-
son which is touted to
be a derby here at Nev-
ille D’souza Ground in
Bandra.
Mumbai Marines FC
will look to make it two
wins out of two, six
points out of six on Fri-
day
, when they face
Mumbai Ultras.
Thein-formAbbubak-
er Khan opened their ac-
count for the season by
scoringtheopeninggoal.
Super substitute Yash
Kambli added finishing
touches to the match
scoring a quick-fire
brace after coming on in
the 89th minute.
Here’s what team cap-
tain Jacob Jacques had
to say on the first match
performance as well as
looking forward to the
next match, “With seven
new players playing in
our first match our
chemistry was not on
pointbutstillwewonthe
match 3-0. Now that we
know each other’s
strengths, we’ve adapted
very well in practice ses-
sions and are ready for
another day on the field
with100%effortforeach
match.”
Aakash Malvankar,
Co-owner and Co-found-
er of Mumbai Marines
Football Club also had
someencouragingwords
fortheteam,“Thisisour
first season in Super Di-
vision we will go one
game at a time. Things
we did in the past which
worked for us, we will
continue doing that!”
The mood in the camp
remains positive after
winning the first match.
Also,keyadditionstothe
team of Ex-Elite Divi-
sion players Nikhil
Thervittel (Defender)
and Stephen Crasto
(Striker) give the side
somemuch-neededexpe-
rience. Everyone have
asked for a collective ef-
fort taking it one match
at a time.
Mumbai Marines FC look to continue winning momentum
CITY FOOTBALL
Will face off with
Mumbai Ultras in
second match of
the season at
Neville D’souza
Ground in Bandra
Success of digital payments
proved sceptics wrong: FM
First India Bureau
Pune: All doubts and
criticism about the ef-
ficiency of digital
payment systems
have been cleared as
its successful imple-
mentation in the
country has cemented
people’s trust in
Prime Minister Nar-
endra Modi’s govern-
ance, Union Finance
Minister Nirmala Si-
tharaman said.
Speaking to BJP
workers on “20 Years
of Modi Governance”
here on Wednesday, she
credited Modi’s ap-
proach to governance
and his trust in people
for this success.
During the lockdown
induced by the COV-
ID-19 pandemic, people
received money in
their bank accounts
just by pressing a but-
ton, she said.
“If they could not go
to the bank or did not
know how to take it, the
bank ‘Mitra’ went to the
village and delivered
their money,” she said.
She noted that, in
comparison, during the
same period some of
the “advanced econo-
mies” were writing
(aid) cheques and send-
ing them to people
through post.
Several doubts were
raised about how elec-
tronic payments would
work, especially in ru-
ral areas where inter-
net connectivity was
patchy, but now “in
spite of COVID-19,
India leads the world
in UPI payments,” said
the minister.
It was Modi’s ap-
proach to governance
which starts with “trust
our people, trust our in-
dustry
, trust our women
and trust our families,”
that made the differ-
ence, Sitharaman said.
A few years ago, a
minister in the Con-
gress-led United Pro-
gressive Alliance had
said it was impossible
to popularize electronic
payments as “how
would one pay Rs7 to
a vegetable vendor elec-
tronically,” she said.
This doubt has been
dispelled now, she
added.
Sitharaman also
spoke about how the
profile of Padma
awards recipients had
changed under the
Modi government.
“We do not know any
of them. They are
picked from the hinter-
lands, from the corners
of the country. They
are great achievers
themselves, but we did
not have time to recog-
nize them. We did not
know how to locate
them. But Modiji’s team
locates every one of
them,” she said.
With seven
new players
playing in our
first match our chemis-
try was not on point
but still we won the
match 3-0. Now that
we know each other’s
strengths, we’ve adapt-
ed very well in practice
sessions and are ready
for another day on the
field with 100% effort
for each match.
—Jacob Jacques,
Captain, Mumbai Marines FC
Several doubts were raised about how electronic payments would work,
especially in rural areas where internet connectivity was patchy, but
now, India leads the world in UPI payments. It was PM Modi’s ap-
proach to governance which starts with ‘trust our people, trust our industry,
trust our women and trust our families’, that made the difference.
—Nirmala Sitharaman, Union Finance Minister
Nirmala Sitharaman said that the successful
implementation of electronic payments was
mainly due to Prime Minister Narendra Modi’s
approach to governance
‘Fintech will make Maha
a trillion-dollar economy’
First India Bureau
Mumbai: Deputy
Chief Minister Dev-
endra Fadnavis has
called Maharashtra
the start-up and fin-
tech capital of the
country
.
Speaking at the at
the Global Fintech Fes-
tival (GFF), being or-
ganized in Mumbai,
Fadnavis said that fin-
tech will drive the
state’s economy and
contributetoitsgrowth
even more in the days
to come.
Commenting on the
fintechinnovationthat
has taken place in the
financial capital of the
country
, Fadnavis stat-
ed, “Maharashtra was
the first state to launch
a fintech policy
. Under
this policy
, we devel-
oped the entire ecosys-
tem with smart cent-
ers, a fintech registry
, a
fintech API sandbox,
100 crore fund which
hasresultedinover500
companies accessing
this set-up, and this
fund has attracted in-
vestments of nearly
Rs1000 crores and indi-
rect investments of
over Rs9000 crores.”
He further added
that the state is open to
amending the fintech
policy to attract more
fintechstart-upswhich
in turn will help the
state become a trillion-
dollar economy
.
The third edition of
GFF is a four-day event
organized and present-
ed by the Department
of Economic Affairs,
Ministry of Finance,
along with the Reserve
Bank of India, and oth-
er government bodies.
According to the lat-
est edition of the IIFL
Wealth Hurun India
RichList2022,Mumbai
isalsohometo283rich-
est Indians within the
list, headed by Mukesh
Ambaniandhisfamily
.
Deputy CM Devendra Fadnavis speaks at the Global Fintech Festival, being organized in Mumbai.
Fadnavis said that
Maharashtra is open
to amend its fintech
policy to attract more
fintech start-ups
Four people killed as part of 5-storey
building collapses in Thane district
First India Bureau
Thane: Four people
died after a portion
of a five-storey build-
ing collapsed in Ul-
hasnagar town of
Thane district on
Thursday, an official
said.
A few more people
were feared trapped in
the debris, Ulhasnagar
tehsildar (revenue of-
ficer) Komal Thakur
said, adding that relief
and rescue operations
were underway
.
This comes a day af-
ter a portion of a rail-
way protection col-
lapsed in Dombivli on
Wednesday, killing two
labourers.
A slab of the third
storey of the building
located in Ulhasnagar
camp 5 collapsed
around 11.30 am,
Thakur said, adding
the structure having 30
flats was illegal and
had already been
served a notice.
Five families were
still staying in the
building, she said.
After getting infor-
mation about the inci-
dent, local firemen, dis-
aster management
team, police, revenue
and civic officials
rushed to the site and
started rescue and re-
lief operations, the of-
ficial said.
The four deceased in-
cluded two women.
They were identified
as Sagar Occhani (19),
Priya Dhanvani (24),
Renu Dholandas Dhan-
vani (54) and Dholan-
das Dhanvani (58), the
official said.
Rescue and relief operation underway after a portion of a five-storey
building collapsed in Ulhasnagar on Thursday.  —PHOTO BY PTI
CIVIL CONTRACTOR
BOOKED FOR WALL
COLLAPSE DEATHS
Thane (FIB): A case of
culpable homicide not
amounting to murder was
registered on Thursday
in connection with a wall
collapse in Dombivli in
Thane district in which two
labourers died on Wednes-
day, a police official said.
The case under section 304
of the Indian Penal Code
was registered against the
civil contractor responsible
for building a wall between
Dombivli and Kopar railway
stations, Senior Inspector
PM Bhalerao of Vishnu-
nagar police station said.
“Two labourers had died
and three were injured in
the incident which took
place on Wednesday in
Siddharth Nagar area
along the tracks. The civil
contractor did not follow
laid-down safety norms,
which endangered the
workers involved in the
construction work,” he
said. No arrest has been
made so far.
PREPARING FOR PLAY
Groundsmen dry the playing field after rains at Vidarbha Cricket Association Stadium, ahead of the second T20 cricket match
between India and Australia, in Nagpur on Thursday.  —PHOTO BY PTI
Actor Mahesh Thakur duped of `5.45 cr by his lawyer
First India Bureau
Mumbai: Actor Ma-
hesh Thakur was
duped of nearly Rs5.45
crore by a Chandi-
garh-based man, who
pretended to legally
represent Thakur in a
case, the police said on
Wednesday
.
According to sources
at Oshiwara police sta-
tion, the actor was in-
volved in a property dis-
pute and had hired the
accused, Mayank Goyal,
a few months ago for the
latter’s legal services.
Goyal then charged
Thakur a total of Rs5.43
crore,allegedlyforcourt
fees, counselling, and
other legal formalities.
When Thakur got sus-
picious and began ask-
ing Goyal to present re-
ceipts, petition copies
and other related paper-
work, Goyal allegedly
disappeared. On Mon-
day
, the actor registered
an FIR.
The police, since then,
had registered a case
against the man.
The structure
was illegal and
had already
been served a
notice. Five
families were
still staying in it
Mumbai Marines FC in
action. —FILE PHOTO
The biggest difference between the rich
and others is the ability to differentiate
between assets and liabilities.
—Dr Jagdeesh Chandra,
CEO  Editor-in-Chief, First India
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MUMBAI, FRIDAY,
SEPTEMBER 23, 2022
etallic apparel
has made a re-
surgence in the
market, much
like earlier
styles like
flared sleeves,
bell bottoms, bishop
sleeves, bright colours,
etc. The Hollywood
Starlets were the first to
wear the metallic trend,
which was first popular-
ised in the 1930s. There
are now metallic fabrics
and metallic threads
available. It quickly
gained notoriety be-
cause people adored
its metallic, reflective
appearance. The me-
tallic refined, distin-
guished colour of
riches, has cool properties
like grey but is more fun,
lively, and playful. 
The metallic silver is as-
sociated with meanings
of  industrial, sleek, high-
tech, and modern, as well
as ornate, glamorous,
graceful, sophisticated,
and elegant. A colour that
resembles polished metal
is said to be metallic. Its
metallic shine is the char-
acteristic visual quality of
metals. Since the glossy
look is caused by the mate-
rial’s brightness shifting
with the material’s sur-
face angle to the light
source, this cannot be rep-
licated by a straightfor-
ward solid colour. Addi-
tionally, there is no way to
display bright or metallic
colours on a computer
other than by using ren-
dering software that mim-
ics the reflection of light
off of a shiny surface. As
a result, metallic paint
that glitters like genuine
metal is typically used in
art and heraldry
.
With the spring/sum-
mer collection, metallics
experienced a comeback,
continuing through the
fall/winter collection. Peo-
ple opted for metallic col-
ours to appear brilliant
and exceptional. The new
trend was embraced by
well-known fashion de-
signers like Tom Ford,
Giorgio Armani, Marc
Jacobs, Balmain, Versace,
Gucci, Lanvin, and others.
Early in 2014, many Holly-
wood celebrities opted for
metallic-colored gowns to
wear on the red carpet as
silver and gold became the
new black.
Metallic hues can be
used in a variety of ways
beyond those that closely
resemble real metals. 
You may confidently
trust this stylish style,
which suits people of all
ages and skin tones at the
finest. Accessorizing with
metallic is a great method
to always look stylish and
rock-ready
. With this look,
you may match up any
way you like and never go
overboard.
MRIDULA SHARMA
cityfirst@firstindia.co.in
When worn with your everyday attire, the Shiny Metallic
looks incredibly spectacular. A piece of metallic will
instantly improve your appearance, regardless of whether
you are wearing a boring shirt or faded trousers, so, let’s
explore the magic of the metallic world with City First
M
THE CREST
THE CREST
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City First
he Crest is an ultra-luxu-
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The Crest is a 14-storeyed devel-
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ments designed by experienced
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is one such project in Jaipur lux-
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includes a well-maintained li-
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Hotels like The Crest Radisson
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The Crest is the beginning of a
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T
10
ETC
MUMBAI | FRIDAY, SEPTEMBER 23, 2022
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FELICITATING THE IMPECCABLE WORK!
City First brings to you some more glimpses from
Shikhar Samman - Pride of Gujarat”, an award ceremony
organised by First India and Bharat 24 on Monday at
GIFT City Club, Gandhinagar, Gujarat to honour Gujarati
and Marwari entrepreneurs with“Shikar Samman”
for doing excellent work.
JAHAN TAK BHARAT, WAHAN TAK BHARAT 24!
Dr Jagdeesh Chandra with (L-R)
Ajay Kumar and Shaan with others
Dr Jagdeesh Chandra greets Gujarat CM Bhupendra Bhai Patel.
Also seen are Harsh Bhai Sanghavi, Ajay Kumar, Manoj Jagyasi and RS Sodhi
Dr Jagdeesh Chandra greets Harsh Bhai Sanghavi. Also seen
are CM Bhupendra Bhai Patel, Ajay Kumar and Manoj Jagyasi
CM Bhupendra Bhai Patel and Dr Jagdeesh Chandra felicitate Meet J Desai.
Also seen are Harsh Bhai Sanghavi and Ajay Kumar
CM Bhupendra Bhai Patel and Dr Jagdeesh Chandra felicitate Dr Ajay Hardiya.
Also seen are Harsh Bhai Sanghavi and Ajay Kumar
CM Bhupendra Bhai Patel greeted by Vishaal Mathur.
Also seen are Dr Jagdeesh Chandra and Manoj Jagyasi
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and
Dr Jagdeesh Chandra felicitate Dr Kaushal Patel. Also seen is Ajay Kumar
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra
felicitate Yogesh Poojara. Also seen are Ajay Kumar and Manoj Jagyasi
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra
felicitate Sapan Shah. Also seen are Ajay Kumar, Manoj Jagyasi and RS Sodhi
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra
felicitate Sajid Malek. Also seen are Ajay Kumar and Kameshwar Singh
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra
felicitate Nehha Kandhari. Also seen is Ajay Kumar
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate
Manish Desai, Harikrishna Pillai,Alex Lukcose.Also seen are
Jayan C Nair, Benny Varghese and Ajay Kumar
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and
Dr Jagdeesh Chandra felicitate Manish Shah and Ajay Kumar
Dr Jagdeesh Chandra with (L-R) Ajay Kumar,
Ashok Raj Singh and Manoj Jagyasi
Dr Jagdeesh Chandra in conversation Ajay Kumar.
As Marilyn Gore looks on
CM Bhupendra Bhai Patel
and Dr Jagdeesh Chandra felicitate N K Patel.
Also seen is Harsh Bhai Sanghavi
Jignesh Gandhi greeted by Dr Jagdeesh Chandra at Ahmedabad Airport
CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra,Ajay Kumar,
Mahesh Sharma,Vyomesh Parekh, Shishir Awasthi, Shweta Mishra Awasthi, Manish Desai,
Shikha Thakur, Jinendra S Shekhawat, Sandeep Mishra and Dilip Solanki with others
ETC
www.firstindia.co.in I https://firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia MUMBAI | FRIDAY, SEPTEMBER 23, 2022
11
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23092022_First India_Mumbai-F.pdf

  • 1. FIVE PFI ACTIVISTS IN MAHA ATS CUSTODY FOR FIVE DAYS A court here on Thursday remanded five activists of the Popular Front of India (PFI) in the custody of the Maharashtra Anti- Terrorism Squad till Sep 26. The ATS had sought custody for 14 days but the court remanded them to five days in custody. P2 Sitharaman begins 3-day visit to Maha for BJP’s ‘Pravas First India Bureau Pune: Union Finance Minister Nirmala Si- tharaman embarked on a three-day tour of Bar- amati Lok Sabha seg- ment in Maharashtra from Thursday as a part of the BJP’s “Pravas” campaign to strengthen the organization in 144 Lok Sabha constituen- cies in the country . Baramati is one of 16 such Lok Sabha constit- uencies in Maharash- tra, which has a total of 48 Lok Sabha seats. During the three-day visit to NCP chief Sharad Pawar’s strong- hold, Sitharaman is scheduled to visit all six Assembly segments- -Baramati, Purandar, Indapur, Daund, Bhor and Khadakwasla- -which come under the Baramati Lok Sabha constituency, a BJP leader said. Pawar’s daughter and NCP leader Supri- ya Sule is currently the Lok Sabha member from Baramati. During the cam- paign, Sitharaman will meet BJP cadres, hold meetings with the par- ty’s district office- bear- ers and also interact with the core commit- tee members of the Lok Sabha constituency, a party functionary said. The minister, in a bid to prepare the ground for the Lok Sabha polls in 2024, is also expected to interact with benefi- ciaries of several gov- ernment schemes, trad- ers, voters and people from various fields. There are 21 pro- grammes scheduled during Sitharaman’s three-day tour, the BJP functionary said. NO BMC NOD FOR EITHER SENA FACTION, DISPUTE NOW WITH HC First India Bureau Mumbai: The Brihan- mumbai Municipal Corporation has denied permission to both the Uddhav Thackeray-led Shiv Sena and the rival faction led by Chief Minister Eknath Shin- de to hold a Dussehra rally at the Shivaji Park ground here citing law and order concerns. The dispute over the iconic venue has now moved to the Bombay High Court which would be hearing the petitions filed by the ri- val factions on Friday . The Uddhav Thack- eray faction maintained that it would hold the annual event at the Shivaji Park despite the denial of permission while accusing the Bri- hanmumbai Municipal Corporation (BMC) of following the BJP’s script. The Shiv Sena, found- ed by Bal Thackeray, has been holding its an- nual Dussehra rally at the Shivaji Park since 1966 except for the last two years of the pan- demic. Deputy municipal commissioner Turn to P5 High Court will hear petitions on dispute over Shivaji Park today Trip into Pawar bastion is part of the BJP’s campaign to strengthen the organization ahead of the 2024 polls 15 STATES, OVER 106 HELD Moni Sharma New Delhi: In simulta- neous raids across the length and breadth of country, a multi-agency operation spearheaded by the NIA on Thursday led to the arrest of 106 activists of PFI in 15 states and 93 locations for allegedly support- ing terror activities in country, officials said. The maximum num- ber of arrests were made in Kerala followed by Maharashtra and Karnataka, TN, Assam, UP, AP, MP, Puducherry, Delhi & Rajasthan. Ar- rests were made during raids which have been termed as the “largest- ever investigation pro- cess till date”. Raids are being carried out against those involved in terror funding, or- ganising training camps and radicalising others to join extremist groups. Formed in 2006, PFI claims to strive for a neo-social movement ostensibly for empower- ment of marginalised sections of India. ZERO TOLERANCE...: RAHUL GANDHI ON PFI AND SDPI RAIDS SHAH DISCUSSES ACTION AGAINST PFI WORKERS, TERROR SUSPECTS Senior Congress leader Rahul Gandhi on Thursday called for ‘zero tolerance’ in deal- ing with ‘communalism and violence’ and said, “... regardless of where they come from... (all) are the same...”. Home Minister Amit Shah on Thursday held a meeting wherein the ongoing searches at premises linked to the Popular Front of India and action against terror suspects. NSA Ajit Doval, Union Home Secy Ajay Bhalla, DG NIA Dinkar Gupta were among the top officials who attended the high-level meeting. Shah is said to have took stock of the action taken against the terror suspects and activists of the PFI across the country, an official said. ...NIA’s ‘largest-ever’ anti-terror raids against Popular Front of India PFI calls for a dawn-to- dusk strike in Kerala today to mark their protest The maximum number of 22 arrests of the PFI org were made in Kerala PFI chief OMA Salam, State chief CP Mohammed, nat’l secy Nazarudheen were arrested The search- es are taking place on the premises of persons involved in terror-funding, organising training camps, and radical- ising people to join proscribed organisa- tions. —NIA official NIA’s base- less claims and sensa- tionalism are solely aimed at creating an atmosphere of terror. The Front will “never ever surrender” on the action taken by a “totalitarian regime”. —Popular Front of India Police enter into scuffle while they attempt to detain the PFI and Social Democratic Party of India (SDPI) workers during a protest against the raids of NIA, in Hubballi on Thursday. —PHOTOS BY ANI NIA official during the raid at the Popular Front of India (PFI) office, in Chennai on Thursday. GYANVAPI: NOTICE TO MASJID PANEL HIJAB: SC RESERVES VERDICT ON PLEAS Lucknow: A Varanasi court on Thursday issued notice to Muslims on application of Hindus, who have now sought carbon-dating of disputed structure known to have been found inside the premises of the Gyanvapi mosque in Varanasi. New Delhi: After 10-day stormy hearing a bench of SC reserved its judgment on petitions which challenged verdict of K’taka HC which upheld govt order banning on wearing of religious cloths, symbols in edu institutions which resulted in ban on hijab. ABG: ASSETS WORTH `2,747 CR ATTACHED CALL APPS MAY NEED TELECOM LICENCES New Delhi: ED on Thursday said it has attached dockyards, agri lands, commercial properties and bank deposits worth over Rs 2,747 crore as part of an alleged bank loan fraud linked money laundering probe against ABG Shipyard Ltd and its linked entities. New Delhi: Apps like Whatsapp, Zoom, Skype and Google Duo which provide calling and messaging services may soon require licences to operate in Ind, as per draft telecommunication bill 2022. The draft bill has included OTT Apps as part of telecommunication. READ Crucial Crucial www.firstindia.co.in I https://firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia MUMBAI l FRIDAY, SEPTEMBER 23, 2022 l Pages 12 l 3.00 RNI TITLE NO. MAHENG/2022/14652 l Vol 1 l Issue No. 137 OUR EDITIONS: JAIPUR, NEW DELHI MUMBAI J-K HIGHWAY TO REMAIN SHUT FOR 4 HOURS TILL SEPT 27 ` CRASHES TO NEW RECORD LOW, 81 PER $ IN SIGHT New Delhi: The rupee crashed to a new record low against a rampant greenback on Thursday, with 81/dollar now just a hop, skip and jump away, driven by a deep rout in global risk assets after Federal Reserve warned aggressive policy path even at cost of recession to fight elevated inflation. P8 Srinagar: The Jammu-Srinagar NH will remain closed for traffic for four hours daily till September 27 to undertake repairs in various landslide prone areas, officials said. Traffic would be halted from 3 am to 7 am during the repair work, Chief secy AK Mehta said. NEW AIIMS DELHI DIRECTOR TO BE ANNOUNCED SOON: SOURCES New Delhi: With the tenure of the sitting Director of All India Institute of Medical Sciences Delhi Dr Randeep Guleria coming to an end on September 23, the announcement of his successor is expected anytime soon, as per the sources on Thursday. BSE SENSEX 59,119.72 337.06 | NSE NIFTY 17,629.80 88.55 PROFOUND CONCERN: INDIA CALLS TO END UKRAINE WAR BrahMos: Defence min inks `1,700 crore deal United Nations: In its sharpest statement on the Russia-Ukraine war yet, India on Thursday “strongly” called for an end to the armed con- flict and said the situa- tion was a matter of “profound concern”. Speaking at the UN Security Council, Ex- ternal Affairs Minister S Jaishankar said, “The trajectory of Ukraine conflict is a matter of profound concern for the entire international community . Outlook ap- pears truly disturbing.” “India is strongly re- iterating need for an immediate cessation of all hostilities, as Modi said, this cannot be an era of war,” he said. S Jaishankar speaking at UN, in New York on Thursday. New Delhi:The defence ministry on Thursday inked a Rs 1,700 crore contract for supply of additional BrahMos su- personic cruise mis- siles, with a strike range of 290-km,fortheNavy‘s frontline warships. The contract for the “dual role” surface-to- surface missiles, capa- ble of both land attack and anti-ship strikes, was inked between the MoD’sacquisitionswing and the M/s BrahMos Aerospace Pvt Ltd. “Induction of these missiles will further en- hance the Navy’s opera- tional capability. The contract will also boost indigenous production of critical weapon sys- tem and ammunition, with active participa- tion of domestic indus- try,” MoD official said. Ministry of Defence signs a contract with BAPL on Thursday. l Protests in Russia, over 1k detained as Putin orders partial military call-up l Russia’s Foreign Min Ser- gei Lavrov walks out at UN HIGHLIGHTS Modi has powerful voice in world: UK PM Modi has a powerful, influential voice on world stage and Russia respects India’s position on global arena, UK Foreign Secre- tary James Cleverly said. CONG’S ‘INTERNAL DEMOCRACY’ PITCHES PARTY IN ‘A STATE OF UNCERTAINITY’! Rahul steadfast on one person, one post; Gehlot cites ‘dangers’ before Raj government if face changes! Aditi Nagar New Delhi: The search for the next Congress President seems to be swinging like a pendu- lum between Congress’ recent ‘commitment’ to the ‘One person, One post’ thought and vari- ous hurdles in imple- mentation of the said idea. As of now there ex- ists, as the media would term it, ‘a state of uncer- tainty’ in the Congress, but if Congress leaders are to be believed, this is the‘internaldemocracy’ of Congress. But why is this so? Well, for one, there is a ‘controversy’ over who would head the party and the government in Rajasthan. In this whole episode, 5-6 people were consulted and everyone gavetheirdifferentopin- ion citing ‘democracy’. Wednesday’s two- hour meeting at 10, Jan- path in Delhi was noth- ing short of a ‘political turmoil’,asononehand, Gehlot was told to take over the responsibility of party president by September. Wednesday’s meeting deliberated on points if Gehlot would vacate CM post before or after filing nomination. Names of Dr CP Joshi, Bhanwar Jitendra Singh and Dr Raghu Sharma discussed for the CM post even as Priyanka bats for Sachin! Congress leaders Rahul Gandhi, Ashok Gehlot, Ramesh Chennithala, Govind Singh Dotasra and other Cong supporters holding tricolors during the party’s Bharat Jodo Yatra, in Chirangara on Thursday. CONGRESS ISSUES NOTIFICATION FOR AICC PRESIDENT POLLS RAHUL GANDHI: ONE-MAN, ONE-POST COMMITMENT TO BE MAINTAINED Congress on Thursday issued a notification for the party president poll, setting the ball rolling for elect- ing the successor to the longest-serving chief Sonia Gandhi, with senior leaders Ashok Gehlot and Shashi Tharoor being seen as potential contenders. Rahul urged candidate who would succeed Sonia in poll to keep in mind that he “represents a set of ideas and be- lief system and vision of India,” calling the job of Cong president an “ideological office.” Senior Congress leader Rahul Gandhi on Thursday batted for the “one-man, one-post” concept in lines with the Chintan Shivir reforms and indicated he may not run for the party president’s post.
  • 2. NEWS MUMBAI | FRIDAY, SEPTEMBER 23, 2022 02 www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia Five PFI members in 5-day ATS custody after nationwide raids First India Bureau Mumbai: A court here on Thursday re- manded five activists of the Popular Front of India (PFI) in the custody of the Maha- rashtra Anti-Terror- ism Squad (ATS) till September 26. They are accused of indulging in “unlawful activities promoting enmity among commu- nities” and “waging a war against the coun- try”, an official said. The ATS on Thurs- day arrested 20 activ- ists of the Popular Front of India (PFI) from the state during a multi-agency operation led by the National In- vestigation Agency, an official said. Five of them were produced before a court here with the ATS seeking their cus- tody for 14 days. The court, however, re- manded them to five days in the probe agen- cy’s custody. In Maharashtra, raids were conducted by ATS teams in Mum- bai, Navi Mumbai, Thane, Aurangabad, Pune, Kolhapur, Beed, Parbhani, Nanded, Malegaon (in Nashik district) and Jalgaon, an official said. According to the of- ficials, the arrests were made during the raids which have been termed as the “largest- ever investigation pro- cess till date”. The ATS teams ar- rested at least 20 peo- ple from various places and seized important documents, he said. ATS had sought custody for 14 days but the court remanded them to 5 days in custody Security personnel keep vigil outside the PFI party office in Navi Mumbai on Thursday, after 20 people were detained in Maharashtra, following the NIA-led multi-agency operation that saw 106 persons arrested in 11 states. —PHOTO BY PTI CASES LODGED ‘Who resigned prior to allying with Cong, NCP?’ First India Bureau Nagpur: Deputy Chief Minister Devendra Fadnavis on Thurs- day countered Shiv Sena chief Uddhav Thackeray’s sugges- tion that the Bharati- ya Janata Party and the Eknath Shinde faction of the Sena re- sign and face civic and Assembly polls “within a month”. Speakingtoreporters, Fadnavisaskedif Thack- eray’s legislators had resigned and faced the electorateafreshafterhe broke the alliance with the BJP post the 2019 As- sembly polls and joined handswiththeNational- ist Congress Party and the Congress. Addressing workers of his faction in subur- ban Goregaon on Wednesday , Thackeray had attacked the BJP and said, “I challenge Amit Shah that if you have guts, hold the BMC (Brihanmumbai Munic- ipal Corporation) polls inamonthandalsostate Assembly elections.” Hitting back, Fad- navis said Thackeray’s speech “reflected his disappointment”. Fadnavis also said the Thackeray faction of the Shiv Sena, the Con- gress and NCP have tried to finish him po- litically for the past sev- eral years but would not be able to do so. Devendra Fadnavis. —FILE PHOTO We got elected legitimately. Why did he and his party, which won in alli- ance with us, not tender their resigna- tions before joining hands with the Congress, NCP? You should have had the cour- age to get re-elected and then go with the Con- gress-NCP. —Devendra Fadnavis, Dy CM, Maha First India Bureau Mumbai: The Shiv Sena grouping led by Uddhav Thackeray on Thursday said the Mumbai civic body’s decision to deny per- mission to it for Dussehra rally at the Shivaji Park here was expected and claimed it was a “very bad script of the BJP”. Former Mumbai may- or Kishori Pednekar, the spokesperson of the Thackeray-ledSena,also accused the BJP of try- ing to corner her party with the denial of per- mission for the rally on October 05. Ajay Choudhary , lead- er of the Thackeray-led factionintheMaharash- tra Assembly , asserted that the party’s annual congregation will be heldattheiconicground in Mumbai irrespective of permission from the civic body . He claimed the party will resort to “guerrilla warfare tac- tics” to hold its rally . The Brihanmumbai Municipal Corporation (BMC) has denied per- mission to the Uddhav Thackeray-led Sena and rival party faction led by MaharashtraChief Min- ister Eknath Shinde for the Dussehra rally at the Shivaji Park. Both the factions claimtobethe“realShiv Sena” and had applied for permission to hold their annual rally at the Shivaji Park. Last week, the Shinde factiongotpermissionto hold a rally at the MMR- DAgroundattheBandra Kurla Complex in Mum- bai. Pednekar said the BMC’s move to deny per- mission to the Thacker- ay-led faction was ex- pected. It is a “very bad scriptof theBJP”of put- ting everyone in trouble to do its politics, she claimed. At a Shiv Sena event on Wednesday , Thacker- ay had asserted that the annual Dussehra rally will take place at the Shivaji Park. Denial of permission for event ‘bad script’ of BJP: Uddhav’s Sena DUSSEHRA RALLY lll Faction says will resort to ‘guerrilla warfare tactics’ to hold annual congregation, irrespective of whether civic body approves Both Sena factions had applied for permission for Shivaji Park. Vedanta-Foxconn: Aaditya to lead protest Mumbai (PTI): Shiv Sena leader and for- mer Maharashtra minister Aaditya Thackeray will lead a protest in Talegaon in Pune on Saturday against the shifting of the Vedanta-Foxconn semiconductor manu- facturing project to neighbouring Gujarat. A statement from the Uddhav Thackeray fac- tion of the Shiv Sena said the ‘Jan Aakrosh Andolan’ is being or- ganized as the project, which entails an invest- ment of Rs1.54 lakh crore, was lost after the Maha Vikas Aghadi government had laid the groundwork for it to be located in Talegaon. It said the project was “almost finalized” due to the efforts of then state industries minis- ter Subhash Desai and tourism minister Aadi- tya Thackeray, and it getting shifted to Guja- rat had affected the em- ployment opportunities of one lakh youth. “The dreams of one lakh youth have been crushed. What is the state government doing to provide employ- ment?” it asked. CRUCIAL READ KOVIND ATTENDS DEATH ANNIV EVENT OF LATE MLA KANTI KOLI CRZ VIOLATIONS: SOMAIYA SEEKS ACTION AGAINST COLLECTOR Thane: Former President Ramnath Kovind on Thursday visited Thane to attend the death anniversary function of former MLA Kanti Koli on Thurs- day. Koli was closely associated with Kovind and represented the fisher community at the state and national levels. Bharatiya Janata Party’s (BJP) Thane City Unit Chief and MLC Niranjan Davkhare and local MLA Sanjay Kelkar were also present on the occasion. Mumbai: BJP leader Kirit Somaiya has sought action against Mumbai suburban district collector for not taking action against 49 illegal studios con- structed by ex-Congress minister Aslam Sheikh. “Mumbai collector Nidhi Chaudhari demolished Machchimaar Koli Samaj shamshan at Erangal, Madh in the name of CRZ but took no action against Aslam Shaikh’s 49 illegal stu- dios in the same area,” Somaiya tweeted. HANDLING DIFICULTIES Ram Bahadur, an auto-rickshaw driver from Uttar Pradesh, received a prosthetic hand from Dr S Natarajan of Aditya Jyot eye hospital, in association with Inali Foundation, at Wadala, in Mumbai on Thursday. —PHOTO BY BHUSHAN KOYANDE The rally has been taking place at the Shivaji Park for 56 years. It could not happen for the last two years due to the COVID-19 pan- demic. They want to corner Uddhav ji and the Shiv Sena. They have got more strength due to some traitors who betrayed us. —Kishori Pednekar, Former mayor, BMC Tata institute to analyse devt of Muslim community First India Bureau Mumbai: The Ma- harashtra govern- ment has roped in Tata Institute of Social Sciences (TISS) to study the development of Muslim community in the state. The premier insti- tute will study whether the Muslim community has ben- efited from the gov- ernment’s schemes in the last few years. The state govern- ment has approved a budget of Rs33.9 lakh for the research. The TISS has been asked to submit a re- port on the efforts made by the govern- ment for the develop- ment of Muslims and other minority com- munities. The study will cov- er a total of 56 areas that have a majority Muslim population. The aim of the study is to bring the Mus- lim community into the mainstream by studying their educa- tion, economic, and social conditions. The study will also suggest measures to increase the partici- pation of Muslim communities in vari- ous areas of develop- ment. In the past, the Me- hmoodur Rehman Committee had sub- mitted a report to then-CM Prithviraj Chavan after a simi- lar study in 2013. The state has asked TISS to submit a report on efforts to aid the community. —FILE PHOTO The state government has approved a budget of Rs33.9 lakh for the research Thackeray scion to head ‘Jan Aakrosh Andolan’ over ‘missed project’ Aaditya Thackeray. —FILE PHOTO —FILE PHOTO
  • 3. MAHARASHTRA MUMBAI | FRIDAY, SEPTEMBER 23, 2022 03 www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia BMCshouldspendmoney forpublicgood,saysHC First India Bureau Mumbai: The Bom- bay High Court on Thursday said the cash-rich Brihan- mumbai Municipal Corporation (BMC) should spend money for the public good and do something for the citizens about pot- hole-riddled roads across the city. A division bench of Chief Justice Di- pankar Datta and Justice Madhav Jamdar directed BMC Commis- sioner Iqbal Chahal to meet them any day next week. The court was hear- ing a bunch of petitions on the condition of roads in Mumbai and other places of the state and the increasing number of deaths due to pothole-riddled roads. “We want Chahal to come meet us on any day convenient to him next week. Till then, he has to, through his officers, get a survey done of the 20 worst roads in Mumbai,” the court said. Chahal has to then give the court a road- map specifying by when tenders would be called for repair work and by when the repair work would be completed. CJ Datta said that in 2020, when he came to Mumbai after his ap- pointment as the Chief Justice here, he had re- fused to hear a petition on similar issues. “At that time, I re- fused to hear it saying the condition of Mum- bai roads was much bet- ter. But now after two years the situation has changed,” he said. “I don’t travel much in Mumbai like others, but you (BMC) see the condition of the road right outside my resi- dence (in south Mum- bai) and that is where many VIPs stay. I can- not say come repair the road outside my house,” the Chief Justice said. The court added that the judges, too, are citi- zens and the BMC should do something for all the citizens. “We are saying, re- pair all the roads at one go. You (BMC) might not be able to do it. Do it in a phase-wise manner but with some responsi- bility,” it added. “BMC is one the rich- est corporations. When you have money, spend it on public good,” CJ Datta said. UNDER FIRE BMC officials repair a water supply pipeline after it burst and left a crater, in Thane. —PHOTO BY PTI High Court urges cash-rich civic body to ‘do something about pothole- riddled roads’ Six killed in 24 hrs on highway where Cyrus Mistry died First India Bureau Palghar: The Mum- b a i - A h m e d a b a d highway , which was under the spotlight after former Tata Sons chairman Cyrus Mistry died in a car accident, re- portedly claimed six lives in the past two days in separate inci- dents in the district. A car, on its way to Gujarat from Mumbai, hit a road divider be- fore ramming into a tempo on Monday night.Threeoccupants of the car and the tem- podriverwerekilledin the crash. On Tuesday afternoon, at the same spot and in an almost similar fashion, a car hit a tempo killing two others. Following the deaths, Palghar Police registered a case against the company responsible for the road’srepairwork.Ap- parently , the Monday night accident hap- pened because the car was trying to dodge a pothole. The road mainte- nance company was neglectful in patching potholes on the road, which led to accidents that killed locals, ac- cording to police. Mistry died in a car accident on the same stretch, while on his way back to Mumbai from Gujarat’s Udwa- da to Mumbai. Thestretchof Mum- bai-Ahmedabad high- way is considered among India’s worst- built and busiest routes. The truck driv- ers insist on using the right lane, hence com- pellingthecarstoover- take from the left. Police personnel inspect the vehicle of Cyrus Mistry after the fatal crash on September 04. —FILE PHOTO Police have booked the road repairs’ contractor for shoddy work MAN ATTEMPTS SUICIDE; SUFFERS BURN INJURIES Thane: A 38-year-old man, hailing from the Kharigaon area, was admitted to Sion Hospital after he tried to immolate himself in a suicide attempt, said the officials. The Chief of the Regional Disaster Man- agement Cell (RDMC) of the TMC Avinash Sawant said the incident occurred at around 8.10 pm, in which Yogesh Pawar a resident of Naresh Society doused himself in petrol and set on fire. Soon, a team of local firemen and RDMC reached the spot and found himself severely burnt. SCHOOL CLERK, HEADMASTER HELD FOR TAKING BRIBE Latur: The headmaster and a clerk of a primary school were arrested by the Anti-Corruption Bureau (ACB) for ac- cepting a bribe worth Rs6,000 for sanctioning a week-long leave to a teacher. The accused have been identified as Sudhakar Jagan- nath Pordar (55), the headmaster of the school, and Shashikant Vitthalrao Kharosekar (54), the clerk. They had first demanded a sum of Rs7,000 and then settled for Rs6,000, said Deputy Superintendent of Police (ACB), Pandit Rejitwad. 21-YEAR-OLD MAN SWEPT AWAY IN SWOLLEN NULLAH IN GONDIA; SEARCH ON ANTI-CORRUPTION BUREAU ARRESTS POLICEMAN FOR ACCEPTING BRIBE Gondia: A 21-year-old man, identified as Ranjisin- gh Pritamsingh Gill, was swept away in a swollen nullah near Bharatiya Vidyapeeth School, while he was going on his motorcycle in Gondia on Wednesday, informed District Disaster Manage- ment Officer Rajan Choubey. Soon, the disaster management team reached the spot and initiated a search operation, but the man remained untrace- able. The search for the man will resume on Thursday, he added. Thane: Bharat Jagdale (40), a constable of the Thane rural police, was arrested by the Anti-Corruption Bureau for demanding and accepting a bribe. He demanded Rs20,000 per month from a driver of a transport firm to allow his vehicles to pass smoothly between Nashik, Malegaon, Thane and Pune. “Jagdale was held in a trap from Talavali Naka police chowki while accepting money from the complain- ant. A case has been registered,” Thane unit ACB inspector Santosh Amibike said. CRUCIAL READ Aditi Khanna London: A village school in Maharash- tra that has created a cultural dynamic cen- tred on close ties within the communi- ty was on Thursday unveiled as one of three finalists for the inaugural $250,000 World’s Best School Prizes, launched in the UK to celebrate schools worldwide for their contribution to society’s progress. PCMC English Medi- um School, Bopkhel, in Pune district, will now progress to the public advisory vote round of the prize in the Commu- nity Collaboration cat- egory, with the winner to be awarded during World Education Week next month. The school is run as a public private partner- ship between NGO Akanksha Foundation and local government, with most of its stu- dents from low-income families. “PCMC English Me- dium School, Bopkhel, also works with local doctors, grocers and re- ligious leaders to help create programmes that help parents in fi- nancial need,” said T4 Education, the UK- head-quartered digital media platform which founded the prize earli- er this year. The prizes are aimed at sharing the best prac- tices of schools that are transforming the lives of their students and making a real difference to their communities. “Teachers every- where will be inspired by the example of this outstanding Indian school,” said Vikas Pota, Founder of T4 Education and the World’s Best School Prizes. If PCMC English Me- dium School, Bopkhel were to win the World’s Best School Prize for Community Collabora- tion, it has plans to do- nate some of the prize money to the Akanksha Foundation due to their contribution towards the management of the school. The funds would also be distributed to- wards other schools that work with the foun- dation. — PTI Pune village school enters final round of new $250,000 contest WORLD’S BEST SCHOOL PRIZES Most of the students at the PCMC English Medium School, Bopkhel, come from low-income families The school is run on a PPP model, with most of its students from low-income families. COMMUNITY EFFORT Signal snag disrupts CR’s local trains services in Mumbai First India Bureau Mumbai: Local train services on one of Mumbai’s Central Railway (CR) routes were disrupted on Thursday morning due to a snag in a signaling system, of- ficials said. Due to the disruption, the crowd in local trains—considered as the lifeline of Mum- bai—and on railway sta- tions swelled during the morning rush hours. The snag occurred in the signalling system at Dadar railway station around 6 am. “Trainswererunning late on the main line from 6 am onwards,” Central Railway’s chief public relations officer Shivaji Sutar said. However, the techni- cal snag was resolved at around 8.30 am, he in- formed. According to com- muters, while some of the local trains were cancelled, a few were running late. They claimed the suburban services on the CR’s main line, which con- nects Chhatrapati Shivaji Maharaj Termi- nus (CSMT) in south Mumbai to Thane, Kasara and Khopoli, were running late by at least 30 minutes. Nearly 40 lakh com- muters travel daily in the local trains operated by the Central Railway . The CR operates 1,810 suburban services on its various routes, includ- ing the Main Line (CSMT to Kasara/ Khopoli), Harbour Line (CSMT to Goregoan/ Panvel), Trans-Harbour Line (Vashi-Thane/Pan- vel) and Bamandongri- Belapur/Seawood line. The snag occurred in the signalling system at Dadar railway station around 6 am. —FILE PHOTO According to commuters, while some of the local trains were cancelled, a few were running late Thane: A 22-year-old army aspirant who had come to Thane district for an interview under the government’s ‘Agnipath’ scheme was killed after being run over by a train, police said on Thurs- day. The incident took place around 11 am on Wednesday at Mumbra railway station. Rameshwar Deore, hailing from Dhule district in Maharashtra, had come to Mumbra where interviews are underway for the recruitment of ‘Agniveers’ under the scheme, an official from Thane railway police station said. Deore was run over by a speeding train, the official said without giving more details. He was rushed to the Thane Civil Hospital where doctors declared him brought dead, the police said, adding that they have registered a case of accidental death. Thane: At least 25 shops in Waghoba Nagar in Thane district’s Kalwa area developed cracks on Thursday after a nearby road caved in. However, no one was injured in the incident, civic officials said. The cracks developed due to digging work being undertaken near the tracks by the railways to construct a protection wall, Thane Municipal Corporation’s Regional Disaster Management Cell chief Avinash Sawant said. “During this digging work, a part of the adja- cent road caved in, which in turn led to cracks in the walls of 25 shops. Civic and fire brigade officials are at the spot to assess the situation,” he added. ARMY ASPIRANT RUN OVER BY TRAIN 25 SHOPS DEVELOP CRACKS AFTER NEARBY ROAD CAVES IN
  • 4. PERSPECTIVE MUMBAI | FRIDAY, SEPTEMBER 23, 2022 04 www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia l Vol 1 l Issue No. 137 l RNI TITLE NO. MAHENG/2022/14652 Printed and published by Anita Hada Sangwan on behalf of First Express Publishers. Printed at Dangat Media Pvt Ltd, No.22, Dighe MIDC, Vishnu Nagar, TTC Industrial Area, Dighe, Navi Mumbai-400701. Published at Plot No. 3 Scheme C of Manglorean Garden Home, CHS Limited, Survey No. 5, 6C (Part) Ville Parle East, Mumbai 400057. Phone 022-46031417. Editor-In-Chief: Dr Jagdeesh Chandra Editor: Anita Hada Sangwan responsible for selection of news under the PRB Act SPIRITUAL SPEAK Train up a child in the way he should go, and when he is old, he will not depart from it. —Bible IN-DEPTH Nitin Gadkari @nitin_gadkari Government under the visionary leadership of Hon PM Shri @ narendramodi ji is dedicated to unfolding prosperity in Andhra Pradesh through world class infrastructure the development of above projects would create large scale employment in the state.#PragatiKaHighway #GatiShakti Bhupender Yadav @byadavbjp India has a long history of conserving one-horn rhinoceros. It’s matter of pride poaching of rhinos in Kaziranga has gone down to the lowest in the last two decades. Govt is committed to conserving this megafaunal species. Kudos to all involved in the effort. #WorldRhinoDay TOP TWEETS COMEDY KING RAJU SRIVASTAVA HAS DEPARTED LEAVING A VOID aughter is the best medicine, read a headline in a classy journal popular among the genteel class. Go out in a park and laugh your lungs out, say yoga gurus. Charlie Chaplin, Robin Wil- liams of Mrs Doubtfire fame and Rowan Atkins who makes us laugh as Mr Bean have helped us laugh away our blues like Bol- lywood’s Johnny Walker, Johny Lever, Paresh Raval and Boman Irani. Stand-up comedy is a dif- ferent genre and in this category Raju Srivastava carved out a niche for himself in a very short time. Sadly, he departed early leaving us grieving. Some people believe that those who laugh live longer but why should the life of those who make us laugh be cut short so abruptly to leave us sad? Raju Srivastava belonged to Kanpur and came from a very humble background. With his sharp observation and comic sense he soon became a star co- median. He will be remembered for his creation---Gajodhar. L ith the cost of liv- ing constantly ris- ing in sync with the aspiration level of youth, moonlighting is an easy way of making that extra buck. Work from home policy dur- ing the Covid-19 pandemic provided young profession- als eager to extra money to moonlight. The practice adopted by young information technol- ogy professionals during the Covid-19 pandemic has been flagged as unfair and unethi- cal by technology companies. Wipro, for one, has fired 300 of its workers who were found moonlighting as they were working for rival com- panies while working from home. Now that’s unfair and should not have been done, at least not without the compa- ny’s permission. Other IT companies like In- fosys and TCS have similar viewsonthepracticeasthatof Wipro Chairman Rishad Premji. TCS has called it un- ethical and Infosys has also warned its workers in taking up dual jobs either during or post working hours without the company’s knowledge. Tech Mahindra is the only companytohaveadoptedahu- mane approach saying that it was open to the practice if it helps augment a worker’s in- come. The company did not clarify if it will allow them to work for rivals. Sackings by Wipro show a hardening of stance by companies which spoke of the no two-timing clauseinemployees’contracts. Yet, a handful of employees could have been hard-pressed for money due to a financial crunch. Although the IT com- panies are said to be good paymasters, for some employ- ees they could still be inade- quate because of their finan- cial backgrounds. Employees should work for another com- pany only after taking their employers into confidence. NO TWO TIMING, SAY IT COMPANIES Wipro, for one, has fired 300 of its workers who were found moonlighting as they were working for rival companies while working from home. Now that’s unfair and should not have been done, at least not without the company’s permission W ‘INVESTING IN STOCKS BY PREDICTING MACRO—ECONOMIC OUTCOMES IS NOTHING BUT FINANCIAL ASTROLOGY’ ebates around macroeconom- ic issues (interest rates, infla- tion, wars, global political risks) are often esoteric in nature that only few inves- tors fully grasp or under- stand. Even well—known experts and economists will admit that they have had a very shabby record of accu- rately predicting macro— economic outcomes. And yet many investors spend enor- mous amounts of intellectu- al horsepower financial resources to gauge the state of world affairs. Maybe those who time the market to trade in out of securities have seen large pay—offs but what the last two and a half years has shown is that the risks that hurt investors are not the ones they imaginatively price in but those that they did not see coming at all. In an ideal world, an equity investor would spend his en- tire being on picking out in- dividual businesses and judg- ing if they are worthy of in- vestments. In reality, most spend far more time rational- izing the decline or uptick in share prices of companies based on their assessment of the prevailing macro—eco- nomic scenario. Of—course, there is no denying that the broader economic outlook can affect share prices inthe short—term (just as they are currently with NASDAQ down around 30%) but in the longer term it is the inherent quality of the business that determines its valuation. The key lesson for investors here is to understand that no one is asking them to com- pletely ignore the larger eco- nomic reality but be broadly aware of it—to the extent it impacts the future prospects of the businesses they own. Truth be told, companies and businesses are prone to cycles of economic boom and bust, just like it is the funda- mental nature of stock prices to be volatile. A few compa- nies may benefit out of a tem- porary tailwind, something that has no effect on its long— term earning power. On the other hand, some companies may see strong headwinds that have significant no im- pact on its long—term pros- pects. Most companies tend to be impacted by some change in economic condi- tions and it is a) necessary to differentiate between tempo- rary and permanent impair- ment to earning power; b) accept the cyclical nature of most businesses and c) worry more about the individual business’ ability to adapt to a new economic reality . A better approach to equi- ty investing, therefore, would be to treat individual stocks of companies “family busi- nesses” that you would want to own for long periods of time. For one, no rational person would set up or run a family business if they a) don’t understand the under- lying business; b) do not see potentially great returns go- ing forward; and c) plan to sell out as soon as the going gets tough. Essentially, the characteristics you would look for in a family business are not dissimilar to what you would look for in a pub- licly listed company: a busi- ness that dominates the in- dustry with no or minimal competition, one that sells more products/services at higher prices and lower costs over a period of time and one that intelligently allocates capital to achieve the com- pany’s mission or purpose. Owning stocks of compa- nies as different “family busi- nesses”isapowerfulideathat forcesindividualstospeculate less on macro trends (short— term gains or challenges) and to think of themselves as “owners” of businesses. Good businesses don’t just survive periods of economic down- turn but in—fact come out stronger on the other side (killing weaker competition in the process). Ultimately, a company’s stock price should reflect the strength of the un- derlying business (although one just doesn’t know when). Which is why it is not a sur- prise that the highest equity returns come from owning the best businesses in the world—the most dominant, thehighestqualitycompanies thatarealwaysfocusedonget- ting better at their game. Equity investing is really that: buying a collection of su- perior businesses and con- stantly re—evaluating their “superiority”, as if they were your family businesses. Any- one who tells you where the market is headed in the next year or two is doing nothing but indulging in financial as- trology .So,everythingelsethat we usually hyperventilate about(thedramaaroundinfla- tion, the possibility of sus- tained high interest rates fol- lowed by a prolonged reces- sion, the threat of a nuclear war,theconstantfluctuationin shareprices)isactuallyagiant distraction to attaining solid long—term financial returns. Whichiswhyoneshouldbeton company fundamentals, not investorsentimentormacro— economic outcomes. THE VIEWS EXPRESSED BY THE AUTHOR ARE PERSONAL D ARIHANT PANAGARIYA The writer is a Portfolio Manager at Hundred Ten Capital in London Anyone who tells you where the market is headed in the next year or two is doing nothing but indulging in financial astrology. So, everything else that we usually hyperventilate about (the drama around inflation, the possibility of sustained high interest rates followed by a prolonged recession, the threat of a nuclear war, the constant fluctuation in share prices) is actually a giant distraction to attaining solid long—term financial returns. Which is why one should bet on company fundamentals, not investor sentiment or macro— economic outcomes A better approach to equity investing, therefore, would be to treat individual stocks of companies “family businesses” that you would want to own for long periods of time. For one, no rational person would set up or run a family business if they a) don’t understand the underlying business; b) do not see potentially great returns going forward; and c) plan to sell out as soon as the going gets tough
  • 5. To Receive Free Newspaper PDF Daily Whatsapp: Telegram: Click the above link☝ subscribe us on your preferred platform. https://bit.ly/fiwhatsappmumbai https://t.me/thefirstindiamumbai
  • 6. MUMBAI | FRIDAY, SEPTEMBER 23, 2022 05 INDIA www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia Congress leader Rahul Gandhi walks holding hands with supporters during his party’s Bharat Jodo Yatra, in Ernakulam on Thursday. —PHOTO BY ANI RaGa TO FLY TO DELHI, TO RESUME YATRA FROM SEP 24 New Delhi: Congress leader Rahul Gandhi is scheduled to return to the national capital on Thurs- day, ahead of the com- mencement of nominations for the post of national president of the party, ac- cording to sources. Rahul Gandhi and the party’s General Secretary Priyanka Gandhi Vadra will then re- sume the Bharat Jodo Yatra on September 24. As per an official statement, the nominations for filing the candidature for the party’s topmost post will continue from September 24 (Satur- day) to September 30 and the final list of candidates will be released at 5 pm on October 8. The Congress President election will be conducted on October 17 at all PCC and the results shall be announced on October 19, immediately after the counting of votes. —ANI RAHUL RESUMES YATRA FROM ALUVA UC COLLEGE IN KERALA Kochi: Congress leader Rahul Gandhi on Thursday resumed the ‘Bharat Jodo Yatra’ by planting a sapling brought from Lakshadweep at the premises of the Union Christian College Aluva here. He also paid floral tribute to a mango tree planted by Mahatma Gandhi at the col- lege on March 18, 1925. “Day 15 began at 6:20 am from UC College, Aluva with @Rahul- Gandhi paying floral tribute at a mango tree planted by the Mahatma there on 18.03.1925. @RahulGandhi planted a sap- ling brought from Lakshadweep by a delegation of Athithi Yatris. This is the spirit of #BharatJodoYatra,” senior Congress leader Jairam Ramesh tweeted. Thousands joined Gandhi on the 15th day of the Yatra. —PTI DIGVIJAY SINGH TO CONTEST FOR CONGRESS’ PRESIDENT POST: SOURCES New Delhi: Congress leader Digvijay Singh is likely to contest for the position of party’s national president, sources said on Thursday. Sources said Singh will to meet party interim chief Sonia Gandhi. The process of filing nominations for the post of party chief will begin on September 24 and will continue till September 30. The election is scheduled for October 17 and the counting of votes will take place on October 19. Earlier, Rajasthan CM Ashok Gehlot met Sonia Gandhi on Wednesday amid growing buzz about a contest in the presidential election in the party, while party leader Shashi Tharoor also signalled his desire to contest the election to elect a new party chief. —ANI TEWARI CONSIDERING TO THROW HAT IN THE RING FOR PARTY PRESIDENT POLLS New Delhi: With Congress preparing to elect the successor of party chief Sonia Gandhi, former Union minister Manish Tewari is the latest among the list of contenders speculated to be in the fray. The party on Thursday issued an official notification announcing the schedule for the election to the post of party president. The elections are slated to be held on October 17 at all Pradesh Congress Com- mittees. Sources close to the Sri Anandpur Sahib MP said on Thursday that he is considering throwing his hat in the ring after Sonia Gandhi made it clear that anybody can run in the poll. —ANI GOURAV VALLABH SLAMS SHASHI THAROOR, BACKS ASHOK GEHLOT FOR AICC CHIEF New Delhi: Congress leader Gourav Vallabh on Thursday hit out at Shashi Tharoor over his probable AICC president poll bid, saying his “only major contribution” to the party was to send letters to Sonia Gandhi when she was hospitalised. In a first indicator of leaders taking sides in the upcoming contest for the top post, Vallabh also voiced support for another likely contender, Rajasthan CM Ashok Gehlot, who many believe has the backing of the current leadership. However, Sonia Gandhi is learnt to have told both Gehlot and Tharoor that she would remain “neutral” in the polls. “The choice is very simple and clear,” said Vallabh on Twitter. Vallabh is also a party spokesperson but he asserted his comments were as a Congress worker and not spokesperson. —PTI SHARAD PAWAR LIKELY CONSULTED MAMATA BEFORE MAKING REMARK ABOUT BURYING DIFFERENCES WITH CONG: TMC LEADER Kolkata: A TMC leader on Thursday said NCP chief Sharad Pawar likely consulted Mamata Banerjee before making a statement about her being ready to bury differences with Con- gress, to form an alliance of opposition parties ahead of the 2024 elections. Speaking to media in Mumbai, Pawar had said Banerjee is ready to bury her differences with the Congress in the national interest and come together to form an anti-BJP front before the Lok Sabha polls. “It is a good statement. Pawar is a very senior leader of the country, and I don’t think he has made the remarks without consult- ing our party chief,” TMC leader Sougata Roy said. The party’s chief spokesperson, Sukhendu Sekhar Ray, however, declined to comment on Pawar’s re- mark. “How can I comment on what Pawar has spoken about?” said Ray. Relations between the Congress and TMC hit an all-time low last year, after the latter had slammed the grand old party as “incapable and incompetent”, which had gone into a “deep freezer.” —PTI CANDIDATES’ LIST FOR CONGRESS PREZ LENGTHENS New Delhi: The Congress on Thursday launched the process of electing a new chief with 2 names almost certain — Ashok Gehlot and Shashi Tharoor. More names have emerged. Former Union Minister Manish Tewari and former Madhya Pradesh CM Kamal Nath have joined the list. Kamal Nath is “being con- sidered and may contest”, sources said. —Agencies You choose to focus on me but the idea is to involve all Cong workers: Rahul Gandhi Ernakulam (Agen- cies): Senior Congress leader Rahul Gandhi on Thursday said that the idea of the Bharat Jodo Yatra is to involve hun- dreds of Congress workers. While speaking at a press conference in Ker- ala, Rahul Gandhi said, “You choose to focus on me but the idea of the yatra is to involve hun- dreds of Congress workers.” Explaining the need for the Bharat Jodo Yatra, Rahul Gandhi said, “We are fighting a machine that has cap- tured the institutional framework of this coun- try, that has unlimited money and ability to buy, pressurise and threaten people. The outcome of that is what you’ve seen in Goa.” He also said that the idea that is pushing the Bharat Jodo Yatra ahead is an India that is not at war with itself. The Wayanad MP said, “The yatra is to tell the people of India that they need to be united. They need to go back to an India which was loving and affec- tionate towards itself.” “The success of this yatra is based on a cou- ple of ideas. An idea that India which is unit- ed, an India which is not at war with itself, and an India that is not filled with hate,” he added. The Bharat Jodo Yatra led by Rahul Gan- dhi began from Kanya- kumari in Tamil Nadu on September 7 and will conclude in Jammu and Kashmir. This comes just a few monthsaheadof several crucial assembly polls, including Himachal Pradesh and Gujarat. Bihar has turned into a sleeper cell for terrorists: Giriraj Singh Purnia (ANI): Union Minister Giriraj Singh on Thursday alleged that Bihar has turned into a “sleeper cell for terrorists”. His remarks came while reacting to the largest joint operation conducted by the Na- tional Investigation Agency, Enforcement Directorate, and state police forces across 11 states of the country in- cluding Andhra Pradesh, Assam, Delhi, Karnataka, Kerala, MadhyaPradesh,Maha- rashtra, Puducherry, Rajasthan, Tamil Nadu, and Uttar Pradesh. Ac- cusing Bihar CM Nitish Kumar and Lalu Yadav of encouraging the PFI workers, Singh said, “Simi organization started working as Pop- ular Front of India (PFI), Nitish Kumar and Lalu Yadav have been patronizing them as cul- tural organizations. Bi- har has become a sleep- er cell for terrorists.” On the said raids by the investigative agen- cy, Singh said that the law will take its course. “They (PFI) want to make Purnia its centre. The way they were caught in Phulwari Sharif, they always in- tended to make India a Muslim nation, in 1947 as well,” Singh said. A day before Home Minister Amit Shah’s visit to Bihar, the NIA also conducted search- es at the regional office of PFI in Purnia. Kejriwal using Assembly to present his political agendas! Sharat K Verma New Delhi: Aam Aad- mi Party can do any- thing. Party supremo and self proclaimed champion of ‘honesty’ Arvind Kejriwal is de- veloping his own politi- cal modalities. One of his methods from day one has been to accuse anyone and later apolo- gize if he gets into a le- gal trouble. He is still doing that kind of poli- tics. Similarly , he has no hesitation in using any institution to promote the party or to say any- thing for votes. He is now using the assembly to promote his party, to present his agenda and for political gains. He is using the proceedings of the Assembly for electoral gains. The Legislative As- sembly has a process of securing a vote of confi- dence, which is usually done at the time of the formation of a new gov- ernmentorinexception- al circumstances. But Kejriwal is calling the assembly session by pre- tending that there exists an extraordinary situa- tionandismakingpoliti- cal speeches in the name of winningthetrustvote. In Delhi, he had called a special one-day session, which lasted for five days, and during that time not a single legisla- tive business was held or any meaningful discus- sion. Only Kejriwal ac- cused the BJP that it wants to break the Aam Aadmi Party . A one-day sessionof thePunjabAs- sembly has now been called to make similar allegations. Bhagwant Mann will seek the trust vote in a special session on Thursday . AAP has 92 MLAsinthe117-member assembly and no one has challenged the majority , but AAP is still calling the session and claiming that BJP was breaking AAPMLAsbutcouldnot break them. This is a missuse of the process. 2 persons linked with LeT apprehended in Sopore Sopore (ANI): Two per- sons allegedly a part of Lashkar-e-Taiba (LeT) were apprehended by Sopore Police on Wednesday, after a cor- don and search opera- tion in Botingoo village. The two apprehended persons have been iden- tified as Imtiyaz Ahmad Ganai and Waseem Ah- mad Lone, informed lo- cal police. During the interrogation, they re- vealed that they both were working for LeT and at the behest of LeT terrorist Bilal Hamza Mir, were planning to attack the security forc- es and civilians in and around the Sopore area. While Imtiyaz was working as a hybrid ter- rorist, Waseem was working as an Over Ground Worker (OGW). The Sopore Police in- formed that it had some reliable information about the presence of terrorists belonging to the proscribed terrorist organisationLeT.Based on it, a cordon and search operation was launched in Botingoo village, along with 22 Rashtriya Rifles, 179 BN CRPF and Det Marcos. During the opera- tion, one pistol, one pis- tol magazine, and eight pistol rounds were re- covered from the pos- session of Imtiyaz while one Chinese hand grenade was re- covered from the pos- session of Waseem, the police said. Former Tripura CM Biplab Deb elected to RS Agartala: Former Tripura CM Biplab Ku- mar Deb won the Rajya Sabha by- poll held on Thursday. He polled 43 votes.“Grat- itude to the BJP and IPFT MLAs of Tripura for electing me as a Rajya Sabha MP. Gratitude to PM Sri @ narendramodi Ji, @ BJP4India President Sri @JPNadda Ji HM Sri @AmitShah for giving me this opportunity to representTripurainRa- jya Sabha,” Deb tweeted after his victory . BOBBY KATARIA GETS ANTICIPATORY BAIL IN SMOKING ON SPICEJET PLANE ROW New Delhi: Social media influencer Bobby Kataria was on Thursday granted anticipatory bail in connection with a video showing him smoking on a SpiceJet flight which had triggered a massive row last month. Kataria had moved an anticipatory bail plea in a Delhi Court in relation to an FIR registered against him for allegedly smoking on board during his journey from Dubai to Delhi on January 21, 2022. Delhi Police had taken cognizance of the incident and invoked section 3(1)(c) of the Suppression of Unlawful Act against the safety of the Civil Aviation Act,1982. The anticipatory bail plea was filed before the district and sessions judge of Patiala House Court. —ANI SC APPOINTS EX-JUDGE L NAGESWARA RAO FOR AMENDING CONSTITUTION OF IOA New Delhi: The Supreme Court Thursday appointed former SC judge Justice L Nageswara Rao for amending constitu- tion of Indian Olympic Association (IOA) and preparing elec- toral college. A bench said the ex-top court judge would ensure a fair and development- oriented approach for the future of Olympics in tIndia. The court asked Justice Rao to prepare a road map for amending the constitution and holding elections by Dec 15, 2022. It also gave its permission to Rajeev Mehta, who is currently the secretary general of IOA, and Adille Sumariwalla, vice president of IOA, to participate in the Sep 27 meeting with the International Olympic Committee. —PTI IN THE COURTYARD HC RESERVES ORDER ON L-G’S DEFAMATION AGAINST AAP LEADERS New Delhi: The Delhi High Court on Thursday reserved its order on a defamation suit moved by L-G Vinai Kumar Saxena against the AAP leaders for levelling allegations against the L-G of corrupt practic- es during demonetisation. After hearing the submis- sions of the parties, Justice Amit Bansal reserved the order. —Agencies NO COERCIVE ACTION AGAINST SCHOOLS: HC TO C’GARH GOVT Raipur: The Chhattisgarh high court has directed the state government that no coercive steps shall be tak- en against private schools as far as the distribution of study materials, uniforms and books among students getting admission under the Rights of Children to Free and Compulsory Education (RTE) Act, 2009. —Agencies No BMC... (zone-2) in separate letters sent to the two factions on Wednesday denied permission to use the ground in cen- tral Mumbai’s Dadar area. The Shinde faction had last week obtained the nod for holding the rally at the MMRDA ground in Bandra Kur- la Complex (BKC) on the same day, Octo- ber 05, as an alterna- tive. In its letters reject- ing the applications, the BMC cited remarks by the Shivaji Park po- lice station that “if any one of the appli- cants is granted per- mission to hold the rally, this may create a serious problem of law and order in the sensi- tive area of Shivaji Park”. Following the BMC’s decision, the Bombay High Court on Thurs- day allowed the Thack- eray-led Sena to amend its earlier petition so as to challenge the de- nial of permission. In the original petition, the Sena had sought a direction for the BMC to decide its applica- tion. A division bench of Justices RD Dhanuka and Kamal Khata said it would hear the peti- tion on Friday. FROM PG 1
  • 7. MUMBAI | FRIDAY, SEPTEMBER 23, 2022 06 INDIA www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia New Delhi (ANI): In the USD 5 billion ten- ders to buy 26 combat aircraft, the report of the extensive trials of the French Rafale and American F-18 planes is being evaluated by the Indian Navy head- quarters. The aircraft is planned to be acquired under a government-to- government deal by the Navy for operations from its latest aircraft carrier INS Vikrant commissioned recently by Prime Minister Nar- endra Modi in Kochi. “The extensive trial was held by a naval team in Goa for both the fighter aircraft Rafale and F-18. The report is with the headquarters and is being eventuated for final shortlisting,” government sources said. The evaluation is to see whether the air- craft has met the techni- cal specifications of the naval requirements or not, they said. The American air- craft are built for carri- ers weighing around one lakh tonnes while the French Rafale is made for 60,000 tonne- size carriers. The Navy has MiG-29Ks which op- erate from the INS Vikramaditya and also don’t have a strong ser- viceability record and their numbers are con- sidered to be sufficient only for one carrier. Indian Navy evaluating trial reports of two fighter jets Aircraft is planned to be acquired under a govt-to-govt deal by Navy for operations Representative image of a Rafale Marine aircraft. —FILE PHOTO INDIA ON CUSP OF INFRA REVOLUTION, SAYS LT GEN SINGH Panaji (ANI): Pointing out that now the Army was also using high-energy technology to construct its buildings for operational usage, the topmost engineering officer of the Indian Army said the country was on the cusp of an infrastructure revolution in view of the developments in the sector. Speaking at a conclave in Goa, Indian Army’s Engineer in chief Lt Gen Harpal Singh said, “The Military Engineering Services, an infrastructure arm of the Corps of En- gineers of Indian Army is taking up nische technolo- gies to bring in faster and quality construction all around.” “India’s first 3D Concrete Printed per- manent married accom- modation for soldiers was constructed by co-opting a start-up by the Military Engineering Service in a matter of weeks,” he said. UNEP SIGNS MOU WITH NCC TO CURB PLASTIC POLLUTION New Delhi: The UN En- vironment Programme (UNEP) has signed a Memorandum of Under- standing (MoU) with the National Cadet Corps (NCC) to tackle the issue of plastic pollution. The aim is to achieve the universal goal of clean water bodies through ‘Puneet Sagar Abhiyan’ and ‘Tide Turners Plastic Challenge programme’, the Ministry of Defence said in a statement. The MoU was signed between DG NCC Lt Gen Gurbirpal Singh and Resident Representative, UN World Food Pro- gramme Bishow Parajuli in the presence of De- fence Minister Rajnath Singh, MoS Defence Ajay Bhatt, Defence Secretary Ajay Kumar; other senior officials of Ministry of Defence and representatives of UNEP. Now,PunjabAssembly sessiononSeptember27 Chandigarh (ANI): Punjab Chief Minis- ter Bhagwant Mann on Thursday said that it was decided in the cabinet meeting that the Assembly Session will now convene on Tuesday, September 27. In the session, is- sues like electricity and stubble burning will be discussed, CM Bhagwant Mann said. “In the cabinet meeting today, it has been decided to con- vene an Assembly ses- sion on September 27. Issues like electricity and stubble burning will be discussed,” CM Mann said after chairing a cabinet meeting at the Punjab Secretariat in Chandi- garh, day after the previous assembly session (that was scheduled to be held) was cancelled by state governor Banwarilal Purohit. Punjab CM Bhagwant Mann announces a special session of the assembly that has now been called on September 27 with a revised list of agendas. —FILE PHOTO 11 CONG MLAs SUSPENDED ON LAST DAY OF GUJARAT ASSEMBLY Gandhinagar (Agencies): As many as 11 Con- gress MLAs were on Thursday suspended for the day from the Gujarat Assembly after they created a ruckus demanding a debate on caste-based cen- sus and OBC reserva- tion in local bodies. When the house was discussing the amend- ment bill on Gujarat National Law Univer- sity, a senior Congress leader demanded for a debate on OBC reser- vation in local bodies. Speaker Neemaben Acharya turned down the request saying that the party should have moved a request for it earlier. Mahesh Sharma New Delhi: What is the loss to the Congress or the gain to the BJP if Captain Amarinder Singh, the former Chief Minister of Punjab, joins the saffron party? According to informed sources, the BJP does not expect much from the Captain. Therefore, he is less likely to be given any important re- sponsibility in the par- ty. BJP has already giv- en a big message to the Sikh voters of the state by including former IPS officer Iqbal Singh Lal- pura as a Sikh face in the Parliamentary Board. Therefore, there is no need to send any message to the Sikhs through the 80-year-old captain. A BJP leader says that the captain’s case is only about one Lok Sabha seat and even the BJP is working on one Lok Sabha seat for the next election and even Captain will also work on the same. It is worth mention- ing that the BJP had fought the last election in coordination with the Akali Dal and got two seats. This time the party is trying to win one or two new seats while somehow retain- ing these two seats. That is, the party is fighting with a target of winning three to four seats in Punjab. Captain Amarinder Singh can come in handy in this. His wife Preneet Kaur is a Con- gress MP from Patiala seat. In the next Lok Sabha elections, she can con- test on a BJP ticket and the party can win this seat. Apart from this, Captain has no more use for BJP. Is BJP hoping to win one more LS seat in Punjab? PLANNING FOR FUTURE Comedian Raju Srivastava cremated in Delhi New Delhi (PTI) : Pop- ular comedianand actor Raju Srivastava was on Thursday cremated in the presence of family and close friends here. The 58-year-old come- dian, one of the most well-known names in the comedy and film cir- cles, died on Wednesday morning at the All India Institute of Medical Sci- ences after spending 41 days in hospital. He was admitted to AIIMS fol- lowing a heart attack while working out at a Delhi hotel gym on Au- gust 10. Srivastava’s mortal remains were taken to his house in the south-west Delhi locali- ty Dwarka, after they were handed over to the family on Wednesday . An ambulance decked up with white flowers left for the Nigambodh Ghat crematorium at Kashmere Gate at around 9am for the fu- neral, which also had veteran poet-humour- ists Surendra Sharma and Ashok Chakradhar in attendance. Srivastava’s son Ayushmaan performed the last rites as per Hin- du rituals at around 11am, the comedian’s younger brother Dipoo told PTI. “We left from the house in Dwarka at about 9am for the fu- neral. Our family mem- bers from Kanpur and Lucknow are here,” he added. Industry colleagues Sunil Pal and Ahsaan Qureshi, director Madhur Bhandarkar and singer Ram Shankar along with hundreds of fans also reached the venue to pay last respects to the comedian. 31 PPS officers to be promoted as IPS officers Ahtesham Siddiqui Lucknow: In UP , 31 po- lice officers of the Pro- vincial Police Service (PPS) cadre will soon be- comeIPSofficers.ADPC to make 31 officers of the PPS cadre of the state IPS has been called in Lucknow on October 7. The PPS officers who will get promoted in- clude Amit Mishra, Shravan Kumar Singh, Sarbanand Singh Ya- dav, Hafeezur Rahman, Ramesh Prasad Gupta, Keshavchand Goswami, Omvir Singh, Rajesh Kumar Yadav, Babita Sahu, Lal Saheb Yadav, Rajdhari Chaurasia, Vi- nod Kumar, Om Prakash Yadav, Mahat- ma Prasad, Prabal Pratap Singh, Rajesh Kumar, Dayaram, Girjesh Kumar, Prem Chandra, Bhim Priya Ashok, Sanjay Kumar, Dinesh Kumar Singh, Chandra Prakash Shuk- la, Brijesh Kumar Mishra, Ashutosh Shukla and others. Former Punjab CM Amarinder Singh at BJP headquarters after joining the Bharatiya Janata Party, in New Delhi. —FILE PHOTO Mortal remains of Raju Srivastava being carried for cremation at Nigambodh Ghat in New Delhi on Thursday. —PHOTO BY PTI RAFALE VS F-18 RSS Chief Mohan Bhagwat leaves after meeting All India Imam Organisation Chief Umer Ahmed Ilyasi, at a mosque in New Delhi on Thursday. (Bottom) RSS Chief during his visit at a mosque. Mohan Bhagwat is ‘Rashtra Pita’:Top Muslim cleric New Delhi: Reaching out to the Muslim com- munity, RSS chief Mo- han Bhagwat, along with senior Sangh func- tionaries, on Thursday metImamUmerAhmed Ilyasi, the chief of All India Imam Organisa- tion. The closed-door meeting lasted for over an hour. RSS chief has been holding discussions with Muslim intellectu- als for strengthening communal harmony. RSS spokesperson Sunil Ambekar said meeting was part of the continuous discussion process, Bhagwat meets people from all walks of life. Mohan Bhagwat ji visited on my invitation today. He’s ‘rashtra-pita’ and ‘rashtra-rishi’, a good message will go out from his visit. Our ways of wor- shipping god are different, but the biggest religion is humanity. We believe the country comes first. —Umer Ahmed Ilyasi, All India Imam Org Chief Tata group airlines AI, Vistara, AirAsia ink MoU for sustainable aviation fuels New Delhi: Tata group airlines – Air India, Ai- rAsia India and Vistara (Tata SIA Airlines), on Thursday signed a MoU with the Council of Sci- entific and Industrial Research, Indian Insti- tute of Petroleum to col- laborate and work to- gether on the research, development, and de- ployment of sustainable aviation fuels (SAFs), officials said. “The MOU outlines the intent of the signato- ries to work together in a variety of other areas related to sustainable aviation,” an Air India spokesperson said add- ing the focus of the MoU is to explore Single Reac- tor HEFA (fuels) Tech- nology for Drop-in liquid Sustainable Aviation and Automotive Fuel (DILSAAF). This comes two days after civil avia- tion minister Jyotiradi- tya Scindia stressed on carbon neutrality. The minister also said India will have over 90 carbon- neutral airports by 2024. (From Left) Siddharth Sharma, Niyant Maru, Campbell Wilson, Sunil Bhaskaran and Dr Anjan Ray signing MoU on Thursday. IPL to return to home-away format in 2023 New Delhi (PTI): IPL will return to its origi- nal, pre-COVID-19, home-and-away format from the 2023 season, BCCIPrezGangulysaid. The IPL has been held at only a few venues since the outbreak of COV- ID-19 as the lucrative league unfolded behind close doors across three venuesinUAE—Dubai, Sharjah and Abu Dhabi. CRUCIAL READ 10 KILLED, 11 INJURED IN UP IN RAIN-RELATED INCIDENTS Lucknow (PTI): At least 10 people were killed, seven of them in Etawah, and 11 injured in incidents of light- ning, and wall and house collapses as heavy rains in parts of UP affected normal life in Firozabad and forced the closure of schools in Aligarh. Apart from Etawah -- where the seven deceased included four children of a family -- deaths have also been reported from Firoz- abad and Balrampur districts since Wednesday, officials said. According to the IMD, rainfall or thundershowers have been observed at most places over UP since Wednesday morning. HP TO CREATE 2,000 DIGITAL CLASS- ROOMS IN GOVT SCHOOLS Bengaluru (Agencies): HP India on Thursday said it would enable up to 2,000 digital classrooms under HP Accessible Learning for All (ALFA) initiative in India. These digital classrooms would be set up in govt or government-aided schools across 17 States for Class 9 and 12 students. The initiative was in line with the government’s National Education Policy (NEP) 2020, said the company in a statement.HP would rope in NGO partners, corporate foundations, and non-gov- ernmental organisations (NGOs) to implement this project.
  • 8. MUMBAI | FRIDAY, SEPTEMBER 23, 2022 07 www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia Commodity Price Change % Chg GOLD 50,399.00 442.00 0.87 (Per 10g) SILVER 58,580.00 558.00 0.95 (Per 1kg) COMMODITIES Currency Price Change % Chg USDINR 80.79 0.83 1.02 GBPINR 91.30 0.56 0.62 CURRENCIES Swiggy,Zomato in Top 10 e-comm platforms New Delhi: A report pub- lished by a Canada-based research firms has placed Indian food aggregator platforms Swiggy and Zo- mato in the top ten e-com- merce food delivery compa- nies. The report has put China’s publicly listed food platform Meituan at the top of the list, followed by the UK’s Deliveroo, and the US’ Uber Eats. ThereportbyETCGroup said, “The food delivery sector is rapidly consoli- dating, but ownership is a moving target. As compa- nies jostle for regional he- gemony, they are buying, selling and swapping stakes in competitors.” The most important part is that both of them are part of over 100 Indian uni- corns. According to the re- search firm, the food deliv- ery sector refers to digital, on-demand platforms for ordering and paying for prepared food, groceries and other retail items. Res- taurants/retailers fill the orders and couriers deliver them to customers within a prescribed timeframe. Further, Ele.me, Door- Dash, Just Eat Takeaway/ Grubhub, Delivery Hero, and iFood found them- selves in the 4th to 8th spot. ACCORDING TO REPORT BY ETC GROUP GLOBAL LEADERS z China’s publicly listed food platform Meituan at the top of the list, followed by the UK’s Deliveroo, and the US’ Uber Eats z Ele.me, DoorDash, Just Eat Takeaway/Grubhub found themselves in 4th to 6th spot business BRIEFS Guwahati: The Indrad- hanush Gas Grid Limited (IGGL), joint venture of five oil and gas public sec- tor undertakings, has achieved a physical pro- gress of 42.94% and a capital expenditure of `1556.46 crore for the 2021-22 financial year, ac- cording to a company re- lease on Thursday. IGGL Chairman Atindra Roy- choudhury said this while addressing the fourth an- nual general meeting. “The company achieved a capi- tal expenditure of `1556.46 crore and physi- cal progress of 42.94 per cent in the financial year 2021-22”, he said. —PTI New Delhi: Amid the funding winter, 128 Indian startups have raised over $995 million venture capi- tal funding in August, GlobalData said. The funds raised in August are 9.7% more than that in July, the data and analyt- ics company said. Aurojy- oti Bose, Lead Analyst at GlobalData, said: “Al- though the total VC fund- ing amount still remains below $1 billion akin to July, August managed to reverse the decline in fun- draising, despite a 2.3% fall in deal volume.” —PTI INDIAN STARTUPS RAISE OVER $995 MILLION VC FUNDING IGGL MAKES 42.94% PHYSICAL PROGRESS, `1556.46 CR CAPEX Kolkata: Loan disbursals by microfinance institu- tions during the first quar- ter of 2022-23 increased to `45,830 crore as com- pared to `25,503 crore in the same period last fis- cal, a report by MFIN said. MFIN, a self-regulatory organisation recognised by RBI, said in the report that the number of loans disbursed in the first quarter of the current fis- cal stood at 116 lakh, as compared to 71 lakh in the same period of last fi- nancial year. —PTI LOAN DISBURSALS BY MFIs RISE IN 1st QUARTER OF 2022-23 New Delhi: Ola Electric on Thursday said it plans to foray into the interna- tional markets starting with Nepal. The company said it has signed a MoU with CG Motors in Nepal partnering them as local distributors for its Ola S1 scooters (S1 S1 Pro). The scooters will be available in Nepal starting next quarter. In the sec- ond phase, the company also aims to enter Latin America, ASEAN and Eu- ropean Union, increasing the company’s presence in up to five international markets. —PTI OLA ELECTRIC TO FORAY INTO INT’L MKT, FROM NEPAL *Rates till the edition went to print. SPICEJET HIKES PILOTS SALARY BY 20% AFTER GETTING ECLGS FUNDS Mumbai: SpiceJet has hiked salary of its captains and senior first officers by around 20% from October as it gets the first tranche of funds under the govern- ment’s credit guarantee scheme. The carrier is also expected to deposit TDS of all employees in next two to three weeks, as per the communication sent to the airline pilots. The communica- tion to the airline pilots came on the day it sent 80 of its cockpit crew on Leave Without Pay for three months. —PTI FUTURE ENTERPRISES GETS 3 MONTHS EXTN FOR HOLDING AGM New Delhi: Future Enterprises has received a three-month extension for holding its AGM, a regulatory filing by the debt-ridden firm said. The Registrar of Companies, Mumbai has accorded its approval to the company granting an extension for three months for holding the AGM of the company before December 31, 2022. “Accord- ingly, the aforesaid AGM of the Company would be held within the extended timeline,” said FEL in late night filing. —PTI OTHER STORIES ‘WANT TO MAKE SURE INDIA-UK FTA IS FIRST STEP IN CONTINUALLY EVOLVING TRADE, ECO P’SHIP’ New York: Prime Minister Narendra Modi has set a very ambitious desire to get the India-UK Free Trade Agreement signed by Diwali and his new British counterpart Liz Truss wants her administration to “match the pace and ambition” of the Indian leader, UK Foreign Secretary James Cleverly has said. Cleverly also said that the bilateral relationship between India and UK is longstanding and wide-ranging, which is both a “huge plus” but it also means that “quite understandably there is a desire to have a very, very wide-ranging, meaningful free trade agreement.” —PTI ` tanks 83 paise to close at all-time low of 80.79/$ AFTER US FED’S RATE HIKE DECISION Mumbai: The rupee plunged by 83 paise — its biggest single-day loss in nearly seven months — to close at an all-time low of 80.79 against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed’s rate hike and es- calation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee. At the interbank for- eign exchange market, the local currency opened at 80.27, then fell further to an all-time intra-day low of 80.95 against the Amer- ican currency. It finally ended at 80.79, down 83 paise over its pre- vious close of 79.96. The rupee suffered its biggest single-day fall since Febru- ary 24 when it had declined by 99 paise. The US Fed hiked inter- est rates by 75 basis points to 3-3.25%. It was the third straight 75 basis points hike. Fed Chair Jerome Powell reiterated the cen- tral bank’s commitment to taming inflation. Focus will be on Bank of Japan (BoJ) and Bank of England (BoE) monetary policies next, forex traders said. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six cur- rencies, advanced 0.38 per cent to 110.06. Besides the hawkish US Fed stance, the US Dollar extended gains against its major crosses after Rus- sian President Vladimir Putin announced partial military mobilisation. “An aggressive Fed Chair Jerome Powell and Russian President Vladimir Putin’s escala- tion of geopolitical risk in Ukraine turned on the green light for King Dollar against most currencies,” said Dilip Parmar, Re- search Analyst, HDFC Se- curities. Rupee along with other Asian peers tumbled to a record low. SENSEX FALLS FOR 2ND DAY; ENDS 337 POINTS DOWN Mumbai (PTI): Equity indices fell on Thursday, mirroring weak global market trends following the US Federal Reserve’s interest rate hike and hawkish stance.The 30-share BSE Sensex declined 337.06 points or 0.57% to settle at 59,119.72. During the day, it tanked 624 points or 1.04% to 58,832.78.The NSE Nifty went lower by 88.55 points or 0.50% to end at 17,629.80.Among the 30-share Sensex pack, Power Grid, HDFC Bank, HDFC, Axis Bank, Bajaj Finserv, ICICI Bank and UltraTech Cement were the major laggards. GOLD JUMPS `442; SILVER CLIMBS `558 New Delhi (PTI): Gold price in the national capital rose by `442 to `50,399 per 10 grams on Thursday amid a rise in international pre- cious metal prices and sharp rupee depreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at `49,957 per 10 grams. Silver also climbed by `558 to `58,580 per kilogram from `58,022 per kg in the previous trade. In the interna- tional market, gold was trading higher at $1,677 per ounce, while silver was flat at $19.69 per ounce. At WTO meeting, India defends ban on rice, wheat exports New Delhi (Agencies): India has defended its deci- sion to ban export of wheat and rice at a WTO meeting even as some member countries have flagged con- cerns over the country’s stand, an official said. At a meeting last week in Geneva, Senegal, the US and the European Union raised questions over this decision, stating it could have adverse implications on global markets. Defending its decision, India clarified that the ban on export of broken rice, which is used in poultry feed, follows a rise in the grain’s exports in recent months which put pressure on the domestic market. In the case of wheat, food security concerns necessi- tated export curbs. “India has also stated that the measures are tem- porary in nature and under continuous monitoring,” the official said. Senegal, a major import- er of India’s broken rice and other rice products, urged India to keep trade open in these difficult times to ensure food suffi- ciency, the official added. QUESTIONS RAISED z Senegal, the US the EU raised questions over this decision, stating it could have adverse implications on global markets z India clarified that the ban on export of broken rice follows a rise in the grain’s exports in recent months which put pressure on the domestic market Adani makes no-poaching pact with RIL Mumbai (Agencies): The Adani Group, led by the world’s third richest man Gautam Adani, has entered into a no-poaching agree- ment with Mukesh Amba- ni-led Reliance Industries, such that both groups will be restricted from hiring talent from each other. The agreement has come into effect from May this year and will be applicable to all their businesses. What makes this pact in- teresting is that it is be- tween two of India’s larg- est conglomerates and of late both have entered sec- tors where the other has a big play. Last year, Adani Group announced its entry into the petrochemical space with Adani Petro- chemicals Limited, which is where Reliance has a large presence. The other area where their paths cross is the high-speed data services. Mumbai (PTI): The Re- serve Bank of India on Thursday said it has can- celled the licence of Solapur (Maharashtra) based The Laxmi Co-opera- tive Bank Limited as the lender does not have ade- quate capital and earning prospects. “The bank does not have adequate capital and earn- ing prospects,” the RBI said while announcing that The Laxmi Co-opera- tive Bank ceases to carry on banking business, with effect from the close of business on Thursday (September 22, 2022). As per the statement, the co-operative bank has failed to comply with the requirements the Banking Regulation Act, 1949 and its continuance is prejudi- cial to the interests of its depositors. “The bank with its pre- sent financial position would be unable to pay its present depositors in full,” the RBI said. The bank is now prohib- ited from conducting the ‘business of banking’. RBI cancels licence of Laxmi Co-operative Bank DEPOSITORS TO GET ` 5 LAKH z On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from DICGC. 99 per cent of depositors are entitled to receive full amount of their deposits from the DICGC, the RBI said in a statement Another hefty cheque to BSNL to cut debt load New Delhi (Agencies): The government has given a `19,000-crore sovereign guarantee to Bharat San- char Nigam Ltd (BSNL), which will allow the ailing state-run telco to restruc- ture its debt and that of state-run Mahanagar Tele- phone Nigam Ltd (MTNL), officials said. Both firms have a com- bined debt of around `60K crore, of which `33,000 crore is on the books of BSNL. As per the officials, another similar amount of bank guarantee will be given to the firm in the next financial year start- ing, so that the debt burden can be reduced further. Over `58,000 crore lost due to illicit trade New Delhi (PTI): The ex- chequer is estimated to have lost `58,521 crore in taxes in 2019-20 due to il- licit trade in goods in 5 key industries, including FMCG, mobile phone, to- bacco products and alco- hol, a Ficci report said. The size of illicit mar- kets in these industries at a little over `2.60 lakh crore for the year 2019-20, with the FMCG industry ac- counting for 75% of the to- tal illicit value of goods in five key industries. The two highly regulated and taxed industries, to- bacco products and alco- holic beverages, account for nearly 49% of the over- all tax loss to the govern- ment due to illicit markets in these five key industries. The max number of jobs (7.94 lakh) were lost due to illicit trade in the FMCG packaged foods industry .
  • 9. MUMBAI | FRIDAY, SEPTEMBER 23, 2022 08 2NDFRONT www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia Mumbai (ANI): After winning 3-0 in their opening match, the Mumbai Marines FC are all set to face Mum- bai Ultras in their sec- ond match of the sea- son which is touted to be a derby here at Nev- ille D’souza Ground in Bandra. Mumbai Marines FC will look to make it two wins out of two, six points out of six on Fri- day , when they face Mumbai Ultras. Thein-formAbbubak- er Khan opened their ac- count for the season by scoringtheopeninggoal. Super substitute Yash Kambli added finishing touches to the match scoring a quick-fire brace after coming on in the 89th minute. Here’s what team cap- tain Jacob Jacques had to say on the first match performance as well as looking forward to the next match, “With seven new players playing in our first match our chemistry was not on pointbutstillwewonthe match 3-0. Now that we know each other’s strengths, we’ve adapted very well in practice ses- sions and are ready for another day on the field with100%effortforeach match.” Aakash Malvankar, Co-owner and Co-found- er of Mumbai Marines Football Club also had someencouragingwords fortheteam,“Thisisour first season in Super Di- vision we will go one game at a time. Things we did in the past which worked for us, we will continue doing that!” The mood in the camp remains positive after winning the first match. Also,keyadditionstothe team of Ex-Elite Divi- sion players Nikhil Thervittel (Defender) and Stephen Crasto (Striker) give the side somemuch-neededexpe- rience. Everyone have asked for a collective ef- fort taking it one match at a time. Mumbai Marines FC look to continue winning momentum CITY FOOTBALL Will face off with Mumbai Ultras in second match of the season at Neville D’souza Ground in Bandra Success of digital payments proved sceptics wrong: FM First India Bureau Pune: All doubts and criticism about the ef- ficiency of digital payment systems have been cleared as its successful imple- mentation in the country has cemented people’s trust in Prime Minister Nar- endra Modi’s govern- ance, Union Finance Minister Nirmala Si- tharaman said. Speaking to BJP workers on “20 Years of Modi Governance” here on Wednesday, she credited Modi’s ap- proach to governance and his trust in people for this success. During the lockdown induced by the COV- ID-19 pandemic, people received money in their bank accounts just by pressing a but- ton, she said. “If they could not go to the bank or did not know how to take it, the bank ‘Mitra’ went to the village and delivered their money,” she said. She noted that, in comparison, during the same period some of the “advanced econo- mies” were writing (aid) cheques and send- ing them to people through post. Several doubts were raised about how elec- tronic payments would work, especially in ru- ral areas where inter- net connectivity was patchy, but now “in spite of COVID-19, India leads the world in UPI payments,” said the minister. It was Modi’s ap- proach to governance which starts with “trust our people, trust our in- dustry , trust our women and trust our families,” that made the differ- ence, Sitharaman said. A few years ago, a minister in the Con- gress-led United Pro- gressive Alliance had said it was impossible to popularize electronic payments as “how would one pay Rs7 to a vegetable vendor elec- tronically,” she said. This doubt has been dispelled now, she added. Sitharaman also spoke about how the profile of Padma awards recipients had changed under the Modi government. “We do not know any of them. They are picked from the hinter- lands, from the corners of the country. They are great achievers themselves, but we did not have time to recog- nize them. We did not know how to locate them. But Modiji’s team locates every one of them,” she said. With seven new players playing in our first match our chemis- try was not on point but still we won the match 3-0. Now that we know each other’s strengths, we’ve adapt- ed very well in practice sessions and are ready for another day on the field with 100% effort for each match. —Jacob Jacques, Captain, Mumbai Marines FC Several doubts were raised about how electronic payments would work, especially in rural areas where internet connectivity was patchy, but now, India leads the world in UPI payments. It was PM Modi’s ap- proach to governance which starts with ‘trust our people, trust our industry, trust our women and trust our families’, that made the difference. —Nirmala Sitharaman, Union Finance Minister Nirmala Sitharaman said that the successful implementation of electronic payments was mainly due to Prime Minister Narendra Modi’s approach to governance ‘Fintech will make Maha a trillion-dollar economy’ First India Bureau Mumbai: Deputy Chief Minister Dev- endra Fadnavis has called Maharashtra the start-up and fin- tech capital of the country . Speaking at the at the Global Fintech Fes- tival (GFF), being or- ganized in Mumbai, Fadnavis said that fin- tech will drive the state’s economy and contributetoitsgrowth even more in the days to come. Commenting on the fintechinnovationthat has taken place in the financial capital of the country , Fadnavis stat- ed, “Maharashtra was the first state to launch a fintech policy . Under this policy , we devel- oped the entire ecosys- tem with smart cent- ers, a fintech registry , a fintech API sandbox, 100 crore fund which hasresultedinover500 companies accessing this set-up, and this fund has attracted in- vestments of nearly Rs1000 crores and indi- rect investments of over Rs9000 crores.” He further added that the state is open to amending the fintech policy to attract more fintechstart-upswhich in turn will help the state become a trillion- dollar economy . The third edition of GFF is a four-day event organized and present- ed by the Department of Economic Affairs, Ministry of Finance, along with the Reserve Bank of India, and oth- er government bodies. According to the lat- est edition of the IIFL Wealth Hurun India RichList2022,Mumbai isalsohometo283rich- est Indians within the list, headed by Mukesh Ambaniandhisfamily . Deputy CM Devendra Fadnavis speaks at the Global Fintech Festival, being organized in Mumbai. Fadnavis said that Maharashtra is open to amend its fintech policy to attract more fintech start-ups Four people killed as part of 5-storey building collapses in Thane district First India Bureau Thane: Four people died after a portion of a five-storey build- ing collapsed in Ul- hasnagar town of Thane district on Thursday, an official said. A few more people were feared trapped in the debris, Ulhasnagar tehsildar (revenue of- ficer) Komal Thakur said, adding that relief and rescue operations were underway . This comes a day af- ter a portion of a rail- way protection col- lapsed in Dombivli on Wednesday, killing two labourers. A slab of the third storey of the building located in Ulhasnagar camp 5 collapsed around 11.30 am, Thakur said, adding the structure having 30 flats was illegal and had already been served a notice. Five families were still staying in the building, she said. After getting infor- mation about the inci- dent, local firemen, dis- aster management team, police, revenue and civic officials rushed to the site and started rescue and re- lief operations, the of- ficial said. The four deceased in- cluded two women. They were identified as Sagar Occhani (19), Priya Dhanvani (24), Renu Dholandas Dhan- vani (54) and Dholan- das Dhanvani (58), the official said. Rescue and relief operation underway after a portion of a five-storey building collapsed in Ulhasnagar on Thursday. —PHOTO BY PTI CIVIL CONTRACTOR BOOKED FOR WALL COLLAPSE DEATHS Thane (FIB): A case of culpable homicide not amounting to murder was registered on Thursday in connection with a wall collapse in Dombivli in Thane district in which two labourers died on Wednes- day, a police official said. The case under section 304 of the Indian Penal Code was registered against the civil contractor responsible for building a wall between Dombivli and Kopar railway stations, Senior Inspector PM Bhalerao of Vishnu- nagar police station said. “Two labourers had died and three were injured in the incident which took place on Wednesday in Siddharth Nagar area along the tracks. The civil contractor did not follow laid-down safety norms, which endangered the workers involved in the construction work,” he said. No arrest has been made so far. PREPARING FOR PLAY Groundsmen dry the playing field after rains at Vidarbha Cricket Association Stadium, ahead of the second T20 cricket match between India and Australia, in Nagpur on Thursday. —PHOTO BY PTI Actor Mahesh Thakur duped of `5.45 cr by his lawyer First India Bureau Mumbai: Actor Ma- hesh Thakur was duped of nearly Rs5.45 crore by a Chandi- garh-based man, who pretended to legally represent Thakur in a case, the police said on Wednesday . According to sources at Oshiwara police sta- tion, the actor was in- volved in a property dis- pute and had hired the accused, Mayank Goyal, a few months ago for the latter’s legal services. Goyal then charged Thakur a total of Rs5.43 crore,allegedlyforcourt fees, counselling, and other legal formalities. When Thakur got sus- picious and began ask- ing Goyal to present re- ceipts, petition copies and other related paper- work, Goyal allegedly disappeared. On Mon- day , the actor registered an FIR. The police, since then, had registered a case against the man. The structure was illegal and had already been served a notice. Five families were still staying in it Mumbai Marines FC in action. —FILE PHOTO The biggest difference between the rich and others is the ability to differentiate between assets and liabilities. —Dr Jagdeesh Chandra, CEO Editor-in-Chief, First India
  • 10. www.firstindia.co.in I https://firstindia.co.in/epapers/mumbai I twitter.com/ thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia 09 MUMBAI, FRIDAY, SEPTEMBER 23, 2022 etallic apparel has made a re- surgence in the market, much like earlier styles like flared sleeves, bell bottoms, bishop sleeves, bright colours, etc. The Hollywood Starlets were the first to wear the metallic trend, which was first popular- ised in the 1930s. There are now metallic fabrics and metallic threads available. It quickly gained notoriety be- cause people adored its metallic, reflective appearance. The me- tallic refined, distin- guished colour of riches, has cool properties like grey but is more fun, lively, and playful.  The metallic silver is as- sociated with meanings of  industrial, sleek, high- tech, and modern, as well as ornate, glamorous, graceful, sophisticated, and elegant. A colour that resembles polished metal is said to be metallic. Its metallic shine is the char- acteristic visual quality of metals. Since the glossy look is caused by the mate- rial’s brightness shifting with the material’s sur- face angle to the light source, this cannot be rep- licated by a straightfor- ward solid colour. Addi- tionally, there is no way to display bright or metallic colours on a computer other than by using ren- dering software that mim- ics the reflection of light off of a shiny surface. As a result, metallic paint that glitters like genuine metal is typically used in art and heraldry . With the spring/sum- mer collection, metallics experienced a comeback, continuing through the fall/winter collection. Peo- ple opted for metallic col- ours to appear brilliant and exceptional. The new trend was embraced by well-known fashion de- signers like Tom Ford, Giorgio Armani, Marc Jacobs, Balmain, Versace, Gucci, Lanvin, and others. Early in 2014, many Holly- wood celebrities opted for metallic-colored gowns to wear on the red carpet as silver and gold became the new black. Metallic hues can be used in a variety of ways beyond those that closely resemble real metals.  You may confidently trust this stylish style, which suits people of all ages and skin tones at the finest. Accessorizing with metallic is a great method to always look stylish and rock-ready . With this look, you may match up any way you like and never go overboard. MRIDULA SHARMA cityfirst@firstindia.co.in When worn with your everyday attire, the Shiny Metallic looks incredibly spectacular. A piece of metallic will instantly improve your appearance, regardless of whether you are wearing a boring shirt or faded trousers, so, let’s explore the magic of the metallic world with City First M
  • 11. THE CREST THE CREST Exquisite Luxury Living Exquisite Luxury Living City First he Crest is an ultra-luxu- ry project of FS Realty located at a premium lo- cation of Airport En- clave. The project offers a great choice of 3, 4 and 5 BH luxury residences. The Crest is a 14-storeyed devel- opment with 152 stunning apart- ments designed by experienced industry professionals. The Crest is one such project in Jaipur lux- ury real estate that sets a new standard of class and modern lifestyle. Whether it is about space, comfort or unmatched con- struction, the Crest has a wonder- ful confluence of everything. The Crest has special care of the amenities, hence every facil- ity is available here which not only makes life easy but also gives the residents the flavour of a premium living. The project includes a well-maintained li- brary, and 25-meter lap pool. Rooftop infinity swimming pool, indoor-outdoor play area, ban- quet hall, FB outlets cafe, wellness centre, yoga deck, squash court, table tennis, bad- minton court, gymnasium, steam/jacuzzi/sauna, gold class theatre and senior citizens There are many amenities like a lounge which take it to its class. Offers a whole new level of project de- signing in landscaping and plan- ning as well. The Crest’s location is one of the prime addresses in Jaipur which not only gives its residents a great opportunity to live in the happiest space of the city but also gives easy connectivity to all the important places in the city. Hotels like The Crest Radisson Blu, Jaipur Marriott, The Lalit, Clarks; Hospitals like Fortis, E HCC, Jaipuria, Cocoon; Commer- cial destinations like World Trade Park, Entertainment Para- dise, Genpact and facilities like Jaipur International Airport are well connected to the project. Every apartment at The Crest offers a fine balance of art, com- fort and class. A unique prece- dent can also be seen in the pro- ject in design and construction quality. The Crest is a ready-to- move-in project where families are already living and enjoying a state-of-the-art lifestyle. In short, The Crest is the beginning of a life that is best in itself but also paramount. T 10 ETC MUMBAI | FRIDAY, SEPTEMBER 23, 2022 www.firstindia.co.in I https://firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia
  • 12. FELICITATING THE IMPECCABLE WORK! City First brings to you some more glimpses from Shikhar Samman - Pride of Gujarat”, an award ceremony organised by First India and Bharat 24 on Monday at GIFT City Club, Gandhinagar, Gujarat to honour Gujarati and Marwari entrepreneurs with“Shikar Samman” for doing excellent work. JAHAN TAK BHARAT, WAHAN TAK BHARAT 24! Dr Jagdeesh Chandra with (L-R) Ajay Kumar and Shaan with others Dr Jagdeesh Chandra greets Gujarat CM Bhupendra Bhai Patel. Also seen are Harsh Bhai Sanghavi, Ajay Kumar, Manoj Jagyasi and RS Sodhi Dr Jagdeesh Chandra greets Harsh Bhai Sanghavi. Also seen are CM Bhupendra Bhai Patel, Ajay Kumar and Manoj Jagyasi CM Bhupendra Bhai Patel and Dr Jagdeesh Chandra felicitate Meet J Desai. Also seen are Harsh Bhai Sanghavi and Ajay Kumar CM Bhupendra Bhai Patel and Dr Jagdeesh Chandra felicitate Dr Ajay Hardiya. Also seen are Harsh Bhai Sanghavi and Ajay Kumar CM Bhupendra Bhai Patel greeted by Vishaal Mathur. Also seen are Dr Jagdeesh Chandra and Manoj Jagyasi CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate Dr Kaushal Patel. Also seen is Ajay Kumar CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate Yogesh Poojara. Also seen are Ajay Kumar and Manoj Jagyasi CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate Sapan Shah. Also seen are Ajay Kumar, Manoj Jagyasi and RS Sodhi CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate Sajid Malek. Also seen are Ajay Kumar and Kameshwar Singh CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate Nehha Kandhari. Also seen is Ajay Kumar CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate Manish Desai, Harikrishna Pillai,Alex Lukcose.Also seen are Jayan C Nair, Benny Varghese and Ajay Kumar CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra felicitate Manish Shah and Ajay Kumar Dr Jagdeesh Chandra with (L-R) Ajay Kumar, Ashok Raj Singh and Manoj Jagyasi Dr Jagdeesh Chandra in conversation Ajay Kumar. As Marilyn Gore looks on CM Bhupendra Bhai Patel and Dr Jagdeesh Chandra felicitate N K Patel. Also seen is Harsh Bhai Sanghavi Jignesh Gandhi greeted by Dr Jagdeesh Chandra at Ahmedabad Airport CM Bhupendra Bhai Patel, Harsh Bhai Sanghavi and Dr Jagdeesh Chandra,Ajay Kumar, Mahesh Sharma,Vyomesh Parekh, Shishir Awasthi, Shweta Mishra Awasthi, Manish Desai, Shikha Thakur, Jinendra S Shekhawat, Sandeep Mishra and Dilip Solanki with others ETC www.firstindia.co.in I https://firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia MUMBAI | FRIDAY, SEPTEMBER 23, 2022 11