GENERAL UPDATES 11.04.2019

IRDAI DIRECTS INSURERS TO SHARE STATUS OF CLAIMS WITH POLICYHOLDERS

The insurance regulator has directed insurers to share status of claims at various stages of their processing to ensure a fair and transparent claim settlement process. This has to be implemented by the insurers from July 1, 2019. When it comes to claims, there is a need to make available a tracking mechanism for policyholders so as to enable them to know the status of their claims, the Irdai said on Wednesday. In case of health insurance claims, where third party administrators (TPAs) are involved in rendering claims services, the insurance companies have to make sure that status of claims of policyholders are notified to them at every stage of the claim sttlement process. However, the consent of policyholders has to be obtained by insurance companies for notifying the services rendered by the insurers and no other unsolicited information can be sent to the policyholders. The insurance companies also have to create a unique claims reference number and notify the policyholders electronically via their registered mobile number or through an e-mail as soon as the claim intimation process begins. Moreover, the Irdai has said that the unique claims reference number should also enable tracking of the claim of the claimant through the portal or website, or apps of the insurance company, or any authorized electronic means. The regulator has also asked the insurers to collect mobile numbers and e-mail ids of policyholders during the sale process or later to provide better service to the policyholders. However, it is up to the policyholders if they want to provide their mobile numbers and e-mail ids. It cannot be made mandatory. Moreover, all insurers (life, general and health) have to send all communications regarding policy issuance, servicing of insurance policies to their policyholders. In general insurance, information about policy issuance like acceptance, rejection of proposals, renewals, lapse intimations and premium reminders have to be sent to policyholders. For life insurance, bonus accrued in life insurance participating policies, value of ULIP polices, and all other information that has a bearing on servicing of insurance policy have to be provided by insurers either in the form of a letter, e-mail, or SMS. As far as health insurance is concerned, all communications such as issuance of ID card are either sent by the third party administrators or the insurers themselves should be communicated by the insurance company to the policyholders. Care may be taken to use simple language that is easy to read and understand in these communications. Wherever feasible, the communications may be in regional or local language of the place of residence of the policyholder/claimant, besides English/Hindi, said Irdai.

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MUTUAL FUNDS CLOSE FY19 WITH 11.41% RISE IN AUM AT RS 23.8 TRILLION

Mutual funds closed the year with an 11.41 per cent rise in their total assets under management at Rs 23.80 trn in the year to March, from Rs 21.36 trn in the previous year, according to the industry data released Wednesday. On a monthly basis, AUM grew 2.73 per cent from Rs 23.16 trn in February. The industry saw net outflows of Rs 22,357 crore in March as against net outflows of Rs 20,083 crore in February, the agency said. On a monthly basis, net outflows in the liquid/money market category came more than doubled to Rs 51,343 crore from Rs 24,509 crore in February. Inflows in equity funds (including equity-linked savings schemes) grew more than 120 per cent month-on-month in March to Rs 11,756 crore. Net inflows in the other ETF category came in at Rs 10,540 crore in March 2019 as against net inflows of Rs 5,234 crore in February, the report showed. However, net outflows in the balanced category came in at Rs 3,181 crore as against net outflows of Rs 1,077 crore in February.

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UP RERA DIRECTS BANKS TO STRICTLY COMPLY WITH ESCROW ACCOUNT PROVISIONS

Cracking the whip against diversion of funds by unscrupulous builders from ongoing realty projects, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has directed commercial banks to strictly comply with escrow account provisions The watchdog took cognisance that some builders/promoters were not complying with the statutory provisions of the Real Estate (Regulation and Development) Act, 2016 and withdrawing funds without submitting the requisite certificate, which UP RERA chairperson Rajive Kumar has termed as, grave violation of the mandatory provisions of the Act. UP RERA has sent letters to the zonal/state heads of all 42 scheduled public and private sector banks and also the Director General of Institutional Finance Directorate for being more vigilant in the operation of escrow accounts maintained by promoters/developers and the compliance of Section 4 (2) (I) (D) of Real Estate (Regulation and Development) Act, 2016. According to UP RERA secretary Abrar Ahmed, escrow accounts of 2,651 realty projects registered with RERA were being operated in 962 bank branches based in UP and some outside the state too. Section 4 (2) (I) (D) of the Act stipulates that 70% of the money collected from the allottees from time to time be deposited in a separate bank account to cover the cost of construction and land. However, the promoter could withdraw funds only after being certified by an engineer, an architect and a chartered accountant that the said withdrawal was in proportion to the percentage of completion of the ongoing project. The Authority had also noticed that some banks, especially those which had sanctioned loans to the promoter, arbitrarily adjusted the entire amount deposited in such accounts against the outstanding loan instead of transferring 70% of the money collected to the escrow account for the purposes of construction and payment of the land cost. UP RERA has notified the banks’ zonal/state heads that if the branches under their jurisdiction failed to comply with the standing provisions the matter would be brought to the notice of their top management apart from the union banking secretary for further action. Recently, UP RERA had also issued notices to Ansal Properties & Infrastructure Limited (Ansal API) for alleged fraud and diversion of more than Rs 600 crore under different sections of the RERA Act, 2016 pertaining to its four projects in Lucknow encompassing 3,151 units. The show cause notice was issued after the forensic auditor investigated 91 projects of Ansal API over last three months for alleged financial misappropriation. The auditor claimed that Ansal projects were found to be in breach of RERA compliances, managing separate accounts and a possible diversion of over Rs 600 crore to other purposes.

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INDIA'S MSME SECTOR POISED TO CREATE 1 CRORE JOBS IN NEXT 4-5 YEARS: REPORT

India's Micro, Small and Medium Enterprises (MSME) sector is poised to create up to 1 crore jobs in next 4-5 years through measures aimed at improving the market competitiveness of MSMEs, said a report. The report by Nomura Research Institute (NRI Consulting & Solutions) on the country's MSMEs said that dedicated focus on developing MSMEs in various clusters like rubber, metal, plastics, textiles etc. can create additional 75 lakh -1Cr. employment opportunities in next 4-5 years through partial substitution of imports. The manufacturing sector in India needs to shoulder the dual responsibility of accommodating the shift of labour from agriculture and also cater to the added labour force, it added.

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INDIA SHOULD BOLSTER CAPITALISATION OF GOVT-OWNED BANKS TO TACKLE NPAS: IMF

Noting that the level of non-performing loans in India remains high the International Monetary Fund has favoured bolstering the level of capitalisation of some banks, particularly government-owned banks. Anna Ilyina, said on Wednesday that bolstering the level of capitalisation was one of the recommendations of the Financial Sector Assessment Programme (FSAP) for India. The level of non-performing loans (NPLs) in India remains high. And the level of the capitalization of some banks, particularly government-owned banks, should be bolstered, said Ilyina.There were some steps that were taken by the authorities to boost capital buffers in banks and also to improve governance in state-owned banks that have had some positive impact, Ilyina said. The institutional mechanisms for resolution and the recognition of NPLs are, of course, an extremely important part of the process of cleaning up the banking system of non-performing loans, she said adding that the authorities should continue working along these lines. Tobias Adrian, said that there continues to be a high stock of Non-performing Assets in India. There has been some progression, but we would welcome further progress on the non-performing assets in India, he said responding to a question on Indian banking system.

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FORMER CHAIRMAN NARESH GOYAL MAY SUBMIT INITIAL BIDS FOR STAKE IN JET

Naresh Goyal is likely to submit initial bids for stake in the airline on Thursday, sources said. SBI Caps, which invited Expression of Interest (EoI) for stake sale in Jet Airways on April 8, has already extended the date for submission of bids to April 12 from April 10 earlier. Naresh Goyal is expected to submit initial bids for Jet Airways sale today (Thursday), a source close to Goyal said. The bidding norms allow Goyal to participate in the sale process.

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5 SUITORS FOR JET AIRWAYS SO FAR AS LENDERS EXTEND DEADLINE FOR EOI

Canadian airline Air Canada, UAE's Etihad, Malaysian carrier Air Asia, private equity firms TPG Capital and Indigo Partners and NIIF are the five potential suitors for debt-laden Jet Airways even as lenders to the airline extended the bidding deadline by two days to Friday, according to media reports. Reports said that PE players TPG Capital and Indigo Partners, National Investment and Infrastructure Fund Ltd (NIIF) and current Jet Airways shareholder Abu Dhabi-based Etihad Airways have submitted their expressions of interest (EoIs) while lenders are awaiting EoIs from Air Canada & Delta Airlines, which are likely to submit their bids in the next two days.

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RBI TO TAKE TIME TO EXAMINE LAKSHMI VILAS BANK-INDIABULLS HOUSING MERGER DEAL: SOURCES

The Reserve Bank of India (RBI) may take more time to examine the Lakshmi Vilas Bank (LVB) and India Bulls Housing Finance Ltd (IHFL) merger deal, an official source said on Wednesday. It (LVB-IHFL merger) may take time for examination, a source said, adding the central bank may seek more information also on the proposed merger after going through the proposals from the entities. The All India Bank Employees' Association (AIBEA) had urged RBI Governor Shakthikanta Das not to allow the proposed merger of LVB with IHFL. The central bank should instead merge LVB with one of the public sector banks, AIBEA General Secretary C.H. Venkatachalam had said in a letter to the RBI Governor.

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RBI IMPOSES RS 1 LAKH PENALTY ON LUCKNOW-BASED CO-OP BANK

The Reserve Bank Wednesday said it has imposed a penalty of Rs 1 lakh on UP Postal Primary Co-operative Bank, Lucknow for violation of norms regarding shifting of its branch. The RBI had issued a show-cause notice to the bank, in response to which the lender submitted a written reply. After considering the facts of the case and the bank's reply in the matter and personal hearing, the Reserve Bank of India (RBI) came to the conclusion that the violation was substantiated and warranted imposition of penalty. The Rs 1 lakh penalty has been imposed on the co-operative bank for violation of RBI Instructions/Guidelines for shifting of its branch without obtaining prior approval from RBI, the central bank said. On Tuesday, the RBI had imposed certain restrictions on The Mudhol Co-operative Bank, Bagalkot district, Karnataka till its financial position improves.

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GOVT RETAINS GPF INTEREST RATE AT 8% FOR Q1 FY20

The government has retained the interest rate for General Provident Fund (GPF) and other related schemes at 8 per cent for the April-June quarter. The rate is in line with that of Public Provident Fund. The interest rate on GPF was at 8 per cent in the January-March quarter of 2018-19. It is announced for general information that during the year 2019-20, accumulations at the credit of subscribers to the GPF and other similar funds shall carry interest at the rate of 8 per cent with effect from April 1 to June 30, 2019, a Department of Economic Affairs notification said.

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SUPREME COURT’S ORDER DATED 10 APRIL 2019 ON 36 RAFALE PROCUREMENT CASE

Supreme Court has passed an order dated 10 April 2019 on 36 Rafale Procurement Case. In the Review Petitions, the petitioners have relied upon the documents, some of which could not have been placed in public domain. The Central Government raised an objection that while considering Review Petitions, the said documents may not be considered as they are classified In the Order passed by the Supreme Court, the Court has decided to look into the documents also while deciding the Review Petitions. The Review Petitions are pending and are yet to be heard. It is reiterated that the petitioners are using documents with the intention to present a selective and incomplete picture of internal secret deliberations on a matter relating to National Security and Defence. The documents presented by the petitioners are failing to bring out how the issues were addressed and resolved and necessary approvals of the competent authorities taken. These are selective and incomplete presentation of the facts and records by the petitioners. Government had provided the requisite information as desired by the Hon’ble Supreme Court to the Court and also to the petitioners as per directions of the Court and in the manner prescribed by the Court. Government also provided all records and files as required by CAG. The main concern of the Government is relating to availability of sensitive and classified information concerning National Security in the public domain.

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SUPREME COURT'S DECISION ON RAFALE 'AT BEST PROCEDURAL': ARUN JAITLEY

Arun Jaitley Wednesday said the Supreme Court's decision to allow leaked documents to be relied upon by petitioners in the Rafale case is at best procedural. Jaitley said the Comptroller and Auditor General (CAG) has already cleared the deal and a petition seeking review of the earlier judgement of the Supreme Court is pending. All that the court has said is that even a wrongly procured document can be considered for review The issue which delights the beleaguered opposition is at best 'procedural', Jaitley said.

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DEADLINE FOR JET AIRWAYS BIDDERS EXTENDED TO APRIL 12; BINDING BIDS BY APRIL 30

Lenders of Jet Airways Wednesday extended the deadline for submission of initial bids for stake purchase in the ailing airline to April 12. SBI Capital Markets, which issued Expression of Interest (EoI) document on April 8, has extended the deadline for submission of initial bids to April 12. Potential bidders can send their queries till April 11. The qualified bidders will be expected to submit their respective binding bid(s) latest by April 30, 2019 subject to the terms set out under the bid document, SBI Capital Markets said in a notice posted on its website. While all soft copies of the EoIs are required to submitted by the EoI due date, the hard copies may be submitted by April 16, 2019, the notice said.

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JET AIRWAYS: BIDDERS IN CONSORTIUM HAVE TO SUBMIT INDIVIDUAL SOLVENCY CERTIFICATES

Bidders in a consortium that bids for acquiring stake in cash-strapped Jet Airways have to furnish individual solvency certificates according to SBI Capital Markets. While all soft copies of the EOIs (Expressions of Interest) are required to be submitted by the EOI due date, the hard copies may be submitted by April 14, 2019, it said in a set of clarifications issued regarding the bid document. Jet Airways is grappling with acute financial crunch and the SBI-led consortium of domestic lenders are implementing a debt resolution plan. Bidders are required to provide the solvency certificate on their letterhead and certified by managing director/ full time director / chief executive officer of the bidder or a person holding an equivalent position in the bidder, it noted.

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INDIAN OIL HALTS FUEL SUPPLY TO JET AIRWAYS OVER NON-PAYMENT OF DUES

Refiner Indian Oil Corp (IOC) has halted the supply of fuel to struggling carrier Jet Airways since Wednesday afternoon over non-payment of dues a source with direct knowledge of the matter told. This is the second time the refiner has halted fuel supplies to crisis-stricken Jet, which is saddled with over $1.2 billion in debt and owes money to banks, aircraft lessors, suppliers, pilots and others. IOC's move builds pressure on Jet, which has been teetering for weeks, as the debt-laden airline has yet to receive a $218 million loan from its lenders, as part of a rescue deal agreed in late March.

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PM MODI MAY FACE SOME CIVIL SERVICE DEPARTURES FROM HIS OFFICE IF RE-ELECTED: SOURCES

The Indian government may have to make a series of major changes at the top of the nation's civil service if Prime Minister Narendra Modi is re-elected to a second term in May, according to multiple sources in the administration. At least eight senior bureaucrats in the prime minister's office have either sought a transfer to other departments or plan to take premature retirement, three government officials said. The officials, from the prime minister's office, the home (interior) ministry and the foreign ministry, declined to be named because of the sensitivity of the subject. Two of them said they too are keen to be transferred to state capitals or to other jobs. They said officials in several ministries were trying to move, but did not have a number There are about 25 senior civil servants working in the prime minister's office, which under Modi has become the single most powerful department in government. The three officials said the reasons for wanting out are almost all the same Many top bureaucrats complained about two aspects of the Modi administration – their inability to influence government policy as it is largely controlled and set by the prime minister and a small group of ministers and advisers, and the demanding work schedule they face. The sense of partnership is missing, Modi and his ministers do not have an organic relationship with the bureaucrats, said the civil servant in the home ministry. To be sure, some other major governments around the world often face a series of departures and changes, especially when a first term morphs into a second term. Also, just because an official talks about quitting doesn’t mean they will. But in India, officials in the prime minister's office are hand-picked for loyalty and tend to stay if the administration is re-elected. Modi's BJP-led alliance is tipped to win a slim majority in the April-May general election, pollsters say. Senior bureaucrats said Modi's top-down approach, and his orders to work on public holidays, to demand they submit details of their assets and to clean their own workplaces at the start of a five-year cleanliness campaign in 2014, has widened the gap between the civil servants and the nation’s leader. Amit Shah, in a closed door meeting attended by two ministers in February said bureaucrats continued to suffer from communist romanticism, a reference to the alleged influence of the left-leaning Congress opposition party on the bureaucrats. The ministers, who spoke to Reuters, declined to be identified. For some of the 5,000 or so mandarins who run the Indian government, its state-owned entities, as well as administration at state government level, Modi's style of leadership has been a jolt. Many of these top officials have received a Western-style education at India's elite universities or schools overseas and are uncomfortable with the ruling party's right-wing Hindu nationalism and Modi's rough-hewn approach to governance. While getting into the Indian Administrative Service (IAS), is incredibly hard – only 1 out of about 4,500 who took the civil service exam got selected in 2018 – traditionally once someone got in they had a job for life with few risks of ever getting fired. An IAS job - one of the most sought after in India - bestows huge power as well as cheap housing, a car with a driver and other perks, leave for government-paid foreign study, and often the chance for plum positions in business or government consultative work after retirement. There is also a handsome pension. But such conditions can also breed complacency and a lack of 'can do' behaviour, according to Indian politicians and civil servants. They say there are plenty of Sir Humphreys in New Delhi, referring to a character in the British TV comedy series Yes Minister about how top officials in Whitehall stall government policies they don't agree with. In particular, there is deep resentment in the top echelons of the Indian civil service over the interference in government by the Rashtriya Swayemsevak Sangh (RSS), the Hindu right-wing umbrella group of which the BJP is a part, these officials said. RSS functionaries have had a major role in successfully lobbying for big changes at the Reserve Bank of India, for example, leading to last December's resignation of its governor and his replacement with an official who is considered more loyal to Modi, officials said. RSS figures also criticise Modi for not having enough professionally trained experts in place to implement some of his more controversial policies. The country needs a professional administration for economic development and can't depend on generalists, said Ashwani Mahajan, the economic wing of the RSS that has campaigned against some bureaucrats. Last year, Modi proposed bringing in at least ten professionals from the private sector into the civil service at the joint secretary level, but the plan has still to be implemented, and is facing strong resistance from civil servants. Joint Secretaries are two rungs below full Secretaries, the top civil servant in a ministry. A senior finance ministry official said major policy decisions including demonetisation, Modi's decision to wipe out high-denomination bank notes without warning in 2016 and to hastily launch a goods and services tax that hit millions of small businesses and jobs, were examples of political decisions that didn't get enough airing among officials before being implemented. Both are thought to have hurt jobs growth, economists say. There is a wider concern in the civil service about India being ruled by a Hindu nationalist party that some see destroying the country's previous tolerant and secular nature. But the hours are as much of a concern to some. I am looking out for other opportunities and have even requested for a transfer because it is almost impossible to work for 12-13 hours every day, even during weekends, said a senior official working with Modi since 2014.

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RENEWABLE ENERGY SECTOR ATTRACTS FDI WORTH $7.48 BILLION SINCE APRIL 2000

According to a report by the India Brand Equity Foundation (IBEF), the country's renewable energy sector attracted foreign direct investments (FDI) worth $7.48 billion between April 2000 and December 2018. The IBEF report pegs new investments in clean energy space worth $11.1 billion in calendar 2018, sourcing data from the Ministry of New & Renewable Energy (MNRE) and leading consultancy KPMG. The green energy sector boasted 28 deals and grabbed a 27 per cent share of the merger & acquisition (M&A) deals in the power sector valued at $4.4 billion in 2017. The government allows a 100 per cent FDI under the automatic route for projects of renewable power generation and distribution provided they comply with the provisions of The Electricity Act, 2003. India aims to achieve 175 Gw of nameplate capacity in renewable energy generation by 2022. The envisaged portfolio includes 100 Gw of solar capacity addition and 60 Gw in wind power capacity. Globally, India is the third largest solar market and has the fourth highest installed wind power capacity. As on December 2018, Tamil Nadu, Gujarat and Maharashtra had finalised wind power bids of 500 Mw each. Replacing coal-fired plants with renewable installations is expected to save around Rs 54,000 crore annually for the country on account of shrinkage in power costs.

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INDIA HAS SCOPE FOR REDUCING UNTARGETED FOOD, FERTILISER SUBSIDIES: IMF

There is a lot of scope in India for reducing untargeted food and fertilizer subsidies and enhancing revenue administration, the IMF has said. When one looks at some of the populist proposals announced by political parties during this election season, the important thing is to look at the benefits but also look at the costs and to look at the details, Paolo Mauro, told. Certainly, when one looks at the case of India, there is a lot of scope for reducing untargeted food and fertilizer subsidies, and for enhancing revenue administration, including for the GST, which was a transformational positive reform. But, again, even there, improved tax compliance would be a priority, Mauro said. Mauro said in India's case, the priority continues to be gradual fiscal consolidation because the gross general government to Gross Domestic Product (GDP) ratio is at about 70 per cent. You also have a very rapid growth rate. The economy is growing in excess of 7 per cent, and the objective there is to make sure that that growth is inclusive and it filters down to poverty reduction, he said.

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RBI NEEDS TO FORTIFY FOREX RESERVES FURTHER BY $20 BILLION: HSBC

An additional $20 billion of foreign exchange (FX) reserves which will take India’s overall holdings to $430 billion, would provide an extra, useful cushion in a world of increased financial volatility, according to a research report by HSBC. This would be a halfway climb to the record $450 billion reserves India held in early 2018. The RBI’s new FX swaps, of course, help in this regard. But, when possible, it may be a good idea to continue with outright dollar purchases alongside, suggested Pranjul Bhandari. The study found that India faces challenges on two metrics — short-term external debt cover (reserves/ short-term debt ratio) and short-term external debt plus current account deficit cover (reserves/ STD + CAD ratio). We scale up FX reserves until India fully meets those criteria as well. That number, as per our analysis, is $430 billion, about $20 billion more than current levels, said HSBC’s economic research team. Pointing out that India had reserves of $450 billion in early 2018, the report said the subsequent draw-down in reserves helped to anchor the country’s external position during the time of heightened global financial volatility. Increasing reserves halfway, from $410 billion now, to $430 billion may thus offer some benefits in the future. Reserve Bank of India’s new scheme of buying dollars from banks for three years and offering them rupees in return (via USD/INR buy/sell auctions), HSBC said this move will inject liquidity into the banking system, while raising foreign exchange reserves. One can argue that they subtract an equal amount from the forward book, because they have a maturity of three years, and therefore, on net, do not lead to any increase in overall foreign exchange reserves. Yet, because three years is a sizeable time (enough to potentially ride out a full Fed tightening-cycle), this accretion to spot reserves is meaningful from an adequacy perspective, in our view, said the report.

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DOT REVIEWS BSNL 2G SPECTRUM EXPIRY TERM

The department of telecom (DoT) is reconsidering the actual term for the expiring second-generation or 2G airwaves allocated to state-controlled Bharat Sanchar Nigam Limited (BSNL) which had been awarded a license in 2000. The government has earlier refused any consideration beyond 2020. The DoT is evaluating the 2G spectrum that was in-principle allocated to BSNL in 2000, and it had launched services after two years in 2002. So, going by the real service launch, BSNL would need a renewal of 2G airwaves in 2022 or 2023, Anupam Shrivastava told. BSNL had received a letter of intent (LoI) for the allotment of 2G spectrum in the 900 Mhz spectrum band administratively in 2000 but it had actually launched commercial services in October 2002, while a letter of approval was granted a year later in 2003. Considering the initial approval to BSNL in 2000, the department was adamant that radio waves would expire in 2020, after completion of a 20-year term, while the state-run telco has sought a review. However, the Centre has to change its firm stand, following the recent restlessness from the 1.76 lakh BSNL employees including top management as well as their groups blaming the Narendra Modi-led government for not allowing the much-needed revival of the financially-stressed public sector telco. The fourth-largest telco has asked renewal across the 22 telecom circles where it offers 2G telephony services on the 900 Mhz frequency band with 6.2 Mhz of the spectrum. Meanwhile, the DoT has sought a legal opinion from the Attorney General (AG) on whether the state-owned MTNL could be allowed spectrum extension.

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BSNL, MTNL ASSET SALE PROCEEDS TO CLEAR DEBT, FUND VRS

The proceeds of monetisation of assets of the state-run telecom majors BSNL and MTNL will be used to service the debt of these public sector undertakings, (PSUs) and fund a vountary retirement scheme (VRS), as per a decision of the government. This was decided at last week's meeting of the Prime Minister's Office (PMO) and the Department of Telecom (DoT) chaired by the PMO Principal Secretary Nripendra Mishra on the matter of revival of these PSUs. DoT to pursue and lead the phased monetisation of assets of BSNL and MTNL. DIPAM will actively facilitate the entire process and the monetisation plan should be finalised by the Niti Aayog CEO, according to the minutes of that meeting. The proceeds of monetisation should inter alia be utlised for funding the VRS and servicing the debt of the two PSUs, it further said.

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CENTRE CAN'T WITHHOLD DOCS UNDER RTI CITING NATIONAL SECURITY, SAYS SC

The Supreme Court Wednesday said the Centre cannot withhold documents from disclosure under the RTI Act citing national security if it is established that retention of such information produces greater harm than disclosing it. The observation was made by Justice K M Joseph in his 38-page separate but concurring judgement in which the Supreme Court allowed the plea relying on leaked documents for seeking review of its judgement on the Rafale fighter jet deal with France. It dismissed the government's preliminary objections claiming privilege over them. Justice Joseph said the RTI Act through Section 8(2) has conferred upon the citizens a priceless right by clothing them with the right to demand information even in respect of such matters as security of the country and matters relating to relation with foreign state. No doubt, information is not be given for the mere asking. The applicant must establish that withholding of such information produces greater harm than disclosing it, Justice Joseph said. He said the premise for disclosure in a matter relating to security and relationship with foreign state is public interest. Right to justice is immutable. It is inalienable. The demands it has made over other interests has been so overwhelming that it forms the foundation of all civilised nations. The evolution of law itself is founded upon the recognition of right to justice as an indispensable hallmark of a fully evolved nation. The preamble to the constitution proclaims justice -social, economic or political, as the goal to be achieved. It is the duty of every State to provide for a fair and effective system of administration of justice. Judicial review is, in fact, recognised as a basic feature of the Constitution, he added. The judge said that Section 8(2) of the RTI Act manifests a legal revolution that has been introduced in that, none of the exemptions declared under sub-section(1) of Section 8 or the Official Secrets Act, 1923 can stand in the way of the access to information if public interest in disclosure overshadows, the harm to the protected interests. Justice Joseph said that Section 24 of the RTI Act also highlights the importance attached to the unrelenting crusade against corruption and violation of human rights. The most important aspect in a justice delivery system is the ability of a party to successfully establish the case based on materials. Subject to exceptions it is settled beyond doubt that any person can set the criminal law into motion. It is equally indisputable however that among the seemingly insuperable obstacles a litigant faces are limitations on the ability to prove the case with evidence and more importantly relevant evidence. He said that a citizen can get a certified copy of a document under the RTI Act even if the matter pertains to security or relationship with a foreign nation if a case is made out. Justice Joseph said if such a document is produced before the court then surely a claim for privilege cannot be made by the government. It is clear that under the Right to Information Act, a citizen can get a certified copy of a document under Section 8(2) of the RTI Act even if the matter pertains to security or relationship with a foreign nation, if a case is made out thereunder. If such a document is produced surely a claim for privilege could not lie, Justice Joseph said. The judge said that though there is no unqualified right to obtain information in respect of matters under Section 8(1)(a) of the RTI Act, the court cannot be wholly unaffected by the new regime introduced by Parliament under the RTI Act on the question regarding a claim for privilege. It is pertinent to note that an officer of the department is permitted under the RTI Act to allow access to information under the Act in respect of matters falling even under Section 8(1)(a) if a case is made out under Section 8(2). He said the context for material being considered by the court is relevancy, and there can be no dispute that the manner in which evidence is got -- that it was procured in an illegal manner -- would not ordinarily be very significant in itself. The judge said that the three documents in question have been published in 'The Hindu' and it is true that they have not been officially published but the correctness of the contents per se of the documents are not questioned. The case does not strictly involve in a sense the claim for privilege as the petitioners have not called upon the respondents to produce the original and as already noted the state does not take objection to the correctness of the contents of the documents. The request of the respondents is to remove the documents from the record. In the writ petition out of which the review arises the complaint is that there has been grave wrong doing in the highest echelons of power and the petitioners seek action inter alia under the provisions of Prevention of Corruption Act, Justice Joseph said.

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BJP TAKES LEAD IN ADVERTISING ON GOOGLE, YOUTUBE WITH RS 1.21 CR SPEND

A week before the first phase of elections, ruling BJP has taken a big lead in advertising on Google and its affiliated platforms such as YouTube with an ad spend of Rs 1.21 crore, while its main rival Congress has spent only Rs 54,100, the search engine said. Google, in a report on political advertisement across its platforms - Google, YouTube and partner properties, said Rs 3.76 crore was spent by advertisers since February 19. Our goal is to provide greater transparency in political advertising on Google, YouTube, and partner properties. This report includes information about Lok Sabha election ads that feature or are run by a political party, a political candidate, or a current member of the Lok Sabha, it said. Chandrababu Naidu-led TDP was the biggest ad spender with a total expenditure of Rs 1.48 crore His ad spend was by two firms - Pramanya Strategy Consulting (Rs 85.25 lakh) and Digitant Consulting (Rs 63.43 lakh). BJP spent Rs 1.21 crore on advertisements during this period. TDP's rival YSR Congress of Jagan Reddy was a close third with an ad spend of Rs 1.04 crore. Congress spent Rs 54,100 on Google platforms. The remaining spend was by Ethinos Digital Marketing (RS 1.56 lakh), Pammi Sai Charan Reddy (Rs 26,400), Harshnath Human Services (Rs 6,300), Jaskaran Dhillon (Rs 5,400), Vidooly Media Tech (Rs 1,300) and Akula Satyanarayana (Rs 400).

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POPULISM RISES: INDIA NEEDS A NEW CONSENSUS ON GROWTH AND OPPORTUNITY

India has so far been spared the kind of populist revolt that’s testing many rich Western democracies. It’s far from immune, however. This country of more than 1.3 billion people is about to begin its long process of going to the polls (the results won’t be known until late next month). The politicians seeking election ought to recognize that many of the conditions for a similar upheaval are in place — and that the best way to avoid it is to promote growth and opportunity through economic reform. Sadly, the campaigns to date have put their focus elsewhere. Prime Minister Narendra Modi has reminded voters of his tough recent stand against Pakistan, promising to guard India against enemies within and without. The opposition Congress party has pitched itself as the savior of the poor, pledging to provide a minimum basic income for the country’s lowliest citizens. Neither side has had much to say about economic growth, without which most other ambitions are meaningless. India’s demographic dividend — its growing population is one of the youngest in the world — won’t last forever. By one estimate, the support it gives to economic growth could begin to wane as early as 2030. If India fails to generate jobs with livable wages and possibilities for advancement, its poorly educated and disproportionately male youth will be ripe for the kind of authoritarian appeals that have polarized other societies. Modi triumphed five years ago by promising to shift India’s economy into a higher gear. His record has been mixed. Most laudably, he ushered in two broad, bold reforms: a nationwide goods-and-services tax and a new bankruptcy code. Despite teething problems, these will ultimately help to make the economy more prosperous. New road-and-rail infrastructure, especially in rural areas, will do the same. Other new programs, from building toilets to opening bank accounts and providing cooking-gas cylinders for poor families, have directly improved people’s lives. Better access to capital is needed, too. Private investment is low because the state-owned banks, which account for 70 percent of the banking sector, aren’t lending. Efforts to recapitalize them and improve their management have fallen short. The government needs to encourage growth in privately owned banks and greater reliance on a well-regulated private capital market. In general, when it comes to the economy, India’s government should try harder to do less.

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COMMERCE MINISTRY ASKS HEALTH MINISTRY TO FRAME LAW TO BAN MANUFACTURE, SALE OF E-CIGARETTES

The commerce ministry has asked its health counterpart to frame law banning manufacture and sale of e-cigarettes in the country as in the absence of a domestic legislation, it would not be possible to put a blanket ban on its imports sources said. The health ministry had asked the commerce ministry to issue a notification banning import of Electronic Nicotine Delivery Systems (ENDS), including e-cigarettes and flavoured hookah. Without banning domestic sale and manufacturing of ENDS through a law, it will be an infringement of global trade norms to put an import ban, one of the sources said. In March, the Central Drugs Standard Control Organization also directed all drug controllers in states and UTs not to allow the manufacture, sale, import and advertisement of ENDS, including e-cigarettes and flavoured hookah, in their jurisdictions. Over 1,000 doctors from 24 states and three UTs in April this year urged Prime Minister Narendra Modi to enforce a ban on ENDS before it becomes an epidemic in India, especially among the youth.

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TRADE MINISTRY MEMO SAYS NO LEGAL BASIS TO BAN E-CIGARETTE IMPORTS: REPORT

India's trade ministry says it cannot impose a ban on electronic cigarette imports as there is no legal basis for doing so, an internal government memo shows, in a boost for those looking to tap into the country's growing vaping market. This comes amid repeated calls for a ban from the country's health ministry, which urged states and government agencies last year in an advisory to step up efforts to halt sales and imports, warning vaping devices pose a great health risk. The country has 106 million adult smokers, second only to China, making it a lucrative market for firms such U.S.-based Juul Labs and Philip Morris International that plan to launch e-smoking devices in the country. India's Jubilant group, one of whose units has the franchisee for Domino's Pizza and Dunkin' Donuts outlets in the country, is already exploring importing Juul's vaping device, a company letter shows. Halting imports of e-cigarettes into India will be against multilateral commitments with the World Trade Organization, according to the internal government memo dated March 18. The country must first prohibit local sales through federal regulations that can stand the scrutiny of law, the memo adds. Once that is done, the Directorate General of Foreign Trade (DGFT) can announce an import ban, the memo said. As of now, the health ministry's advisory cannot be a legal basis for a ban, the trade ministry, which has the power to impose import bans, said in the memo that is not yet public.

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SC COLLEGIUM RECOMMENDS NAMES OF 5 JUDGES AS CHIEF JUSTICES OF HCS

The Supreme Court Collegium has recommended names of five judges for appointment as Chief Justices in Rajasthan, Kerala, Meghalaya, Andhra Pradesh and Chhattisgarh High Courts. The Collegium recommended the appointment of Justice Bhat after noting that the office of the Chief Justice of the Rajasthan High Court has fallen vacant after the recent transfer of Justice Pradeep Nandrajog to Bombay High Court. Therefore, appointment to that office is required to be made. Justice S Ravindra Bhat is the senior-most Judge from Delhi High Court and is functioning in that High Court since his elevation. Having regard to all relevant factors, the Collegium finds Justice S Ravindra Bhat suitable in all respects for being appointed as Chief Justice of the Rajasthan High Court. The Collegium resolves to recommend accordingly. It also recommended appointment of Justice Menon noting that the office of the Chief Justice of the Chhattisgarh High Court has fallen vacant recently after resignation of Justice A K Tripathi, Chief Justice of the High Court. The Collegium said it finds Justice Menon suitable in all respects for being appointed as Chief Justice of the Chhattisgarh High Court and consequent upon the proposed appointment, there will be two Chief Justices from Kerala High Court. Having regard to all relevant factors, the Collegium finds Justice A K Mittal suitable in all respects for being appointed as Chief Justice of the Meghalaya High Court, it said. Following the proposed appointment there will be two Chief Justices from the Punjab & Haryana High Court, which serves two States and is the third largest High Court in the country, with sanctioned strength of 85 Judges, the Collegium said. Upon the proposed appointment there will be three Chief Justices from the Allahabad High Court, which is the largest High Court in the country with the sanctioned strength of 160 Judges, it said. There will be two Chief Justices from Bombay High Court which is the second largest High Court in the country with sanctioned strength of 94 Judges, it said.

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CERC'S FINAL TARIFF REGULATION FOR FY20-24 LARGELY IN LINE WITH DRAFT GUIDELINES

The Central Electricity Regulatory Commission's tariff regulation for FY2020 to FY2024 is largely in line with the draft guidelines India Rating and Research (Ind-Ra) said Wednesday. The CERC had brought the draft tariff regulation in the December 2018 for a block period of five years from April 1, 2019 to March 31, 2024. The final the CERC guidelines for the FY2020 to FY2024 block period are favourable for power generators, as they are largely in line with the draft guidelines, Ind-Ra said in a statement. The CERC has maintained status quo on two of the key parameters: return on equity at 15.5 per cent and debt:equity at 70:30, it added. Ind-Ra believes the increase in operations and maintenance expenses will offset the negative effect of the tightened working capital norms, leading to no significant change in the AFC. The regulator continued with the change in the interest rate on working capital to one year marginal cost of funds based lending rate (MCLR) + 350bp (basis point) as against the SBI base rate + 350bp in the FY2015 to FY2019 guidelines, the agency said.

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INDIA’S STEEL DEMAND TO GROW BY OVER 7% THIS FISCAL, FY21

The Indian Steel Association expects steel demand to grow 7.2 per cent for next two fiscal due to relatively slow growth in major consuming sectors such as automotive and consumer durables. India’s steel consumption is forecast to cross 100 million tonnes this year, it added. The World Steel Association had estimated steel demand in India to touch 103 million tonnes this year against 96 mt logged in 2018. It would further grow up to 110.2 mt in 2020. The steel demand from consumer durables sector is expected to normalise after a strong growth logged last year. Among consumer durables air-conditioner, washing machine and refrigerator sales were boosted by cut in GST rates. The growth in both automotive and consumer durables sectors are expected to slow down to seven per cent each for next two years from 16 per cent and 22 per cent clocked last year.

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NO POLITICAL ADS ON SOCIAL MEDIA AHEAD OF POLLS? THANK ELECTION COMMISSION

If you are in a state or city that is going to polls today (Thursday), you would most likely find no political ads cluttering Facebook news feed or playing on your Youtube video, thanks to the Election Commission (EC). But political posts or opinion by family members or friends are going to be on display. However, political posts, videos or pictures tagged ‘sponsored’ in the last few weeks will not be shown to you 48 hours before your city or state goes to vote. For the ads, we will be proactive in enforcement. This means, people in a state going to polls will not see any political ads on the platform, said an employee of one of the technology platforms. About a month ago, while announcing the model code of conduct, the EC said that Section 126 of the Representation of the People Act (RPA), which places an embargo on publishing and airing content that is likely to affect the election 48 hours before polling, would also be applicable to social media companies. Following several rounds of discussion with the EC, technology firms had committed to cooperate with the commission and have updated their advertisement policies for political advertising in the country. Facebook, Google and Twitter have strengthened their authentication mechanisms for entities running political ads, which includes a media certification and monitoring committee certificate from the poll panel. For an ad, Facebook has made available granular data in which gender of persons who saw it and the number of views it got are being shown. All they have to do is silence the ad in that region. It is possible for social media firms to block these ads for specific regions, said an industry executive who did not wish to be named. He added that most political advertising was seen on Facebook and Google among large platforms, while Twitter’s ad rates are very high. Social media platforms will also take down content that violates the model code of conduct, upon receiving a legal notice or a request from the Election Commission.

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DOORDARSHAN SEEKS RAHUL GANDHI INTERVIEW AMID ALLEGATIONS OF BIAS

Doordarshan has asked Congress president Rahul Gandhi for an interview in order to give space to all political views in the face of allegations of bias. The state-run broadcaster was ticked off by the Election Commission of India on Tuesday for lack of balanced political coverage. The Opposition has said it was giving preferential treatment to the government and the ruling party. Shashi Shekhar Vempati is learnt to have written to the Congress party seeking an interview with Gandhi for DD News and Rajya Sabha TV, which he also runs, so that the principal opposition party may put forth its views. Doordarshan is run by Prasar Bharati. Vempati sought an hour-long joint interview for both channels at the earliest in an April 4 letter. As the biggest exercise of democracy, the Lok Sabha elections, has been announced, it will be a great privilege for DD News and RSTV to conduct a joint interview with the Congress president Shri Rahul Gandhi, so that the principal opposition party may put forth its views to the citizens of India, Vempati wrote. The interview could be at a time and place of convenience for the Congress president. After assessing Doordarshan’s response, the EC on Tuesday wrote to the information and broadcasting ministry that the airtime coverage given to various political parties is disproportionate and not balanced. The EC asked the ministry to direct DD News to desist from extending any preferential or disproportionate airtime coverage in favour of any party and to ensure balanced coverage of all political parties. The ministry met Prasar Bharati officials on Tuesday and asked them to put in place ‘a robust system for adherence to the model code of conduct. It has also said that while the EC directions were specific to DD News, all Prasar Bharati arms including All India Radio and Doordarshan must adhere to the code. A committee will be set up immediately to ensure that the model code of conduct is complied with in all news and other coverage.

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UN REPORT INDICATES IMPROVEMENT IN THE QUALITY OF INDIA'S HEALTHCARE SYSTEM

India's population grew at an average annual rate of 1.2 per cent between 2010 and 2019 to 1.36 billion, more than double the annual growth rate of China, according to a report by the United Nations Population Fund. India's population in 2019 stood at 1.36 billion, growing from 942.2 million in 1994 and 541.5 million in 1969. In comparison, China's population stood at 1.42 billion in 2019, growing from 1.23 billion in 1994 and 803.6 million in 1969. China's population grew at an average annual rate of 0.5 per cent between 2010 and 2019, the report said. According to the report, in India, total fertility rate per woman was 5.6 in 1969, dropping to 3.7 in 1994 and 2.3 in 2019. India recorded an improvement in life expectancy at birth. The life expectancy at birth in 1969 was 47 years, growing to 60 years in 1994 and 69 years in 2019. Giving a snapshot of India's population composition in 2019, the report said 27 per cent of the country's population was in the age bracket of 0-14 years and 10-24 years each, while 67 per cent of the country's population was in the 15-64 age bracket. Six per cent of the country's population was of the age 65 and above. Indicative of the improvement in the quality of India's health care system, the report noted that Maternal Mortality Ratio (MMR) in the country dropped from 488 deaths per 100,000 live births in 1994 to 174 deaths per 100,000 live births in 2015. Director of UNFPA Geneva Monica Ferro said the figures were worrisome and it was essential to raise the level of consent and access to vital health services for millions of women around the world. Highlighting positive changes in the last half-century, the report shows that in 1969, the average number of births per woman was 4.8, compared with 2.9 in 1994, and 2.5 today. About 35 million women, girls and young people will need life-saving sexual and reproductive health services this year, as well as services to address gender-based violence, in humanitarian settings, it warns. Every day, more than 500 women and girls including in countries with emergency settings, die during pregnancy and childbirth, due to the absence of skilled birth attendants or emergency obstetric procedures, Ferro said.

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ENRON-DABHOL POWER PROJECT: SUPREME COURT CLOSES CASE OF ALLEGED CORRUPTION

The Supreme Court Thursday closed the case of alleged corruption involving politicians, bureaucrats and corporates in the Enron-Dabhol power project, taking note of the inordinate delay in the case that was filed in 1997. A bench comprising Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna allowed the plea of Maharashtra government to close the case. The USD 3 billion mega power project was set up in Maharashtra by US-based Enron and its associates Dabhol Power Corporation in 1996 after signing of Power Purchase Agreement (PPA) with Maharashtra State Electricity Board (MSEB) in 1993. The apex Court had in 1997 admitted the petition of the Centre for Indian Trade Union (CITU) challenging a Bombay High Court order upholding the Power Purchase Agreement (PPA) and issued notice to MSEB on the role of government and its officials in the signing of the PPA.

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COMBINATION DRUG MARKET DECLINES 56% IN MARCH AS GOVT CLAMPS DOWN

With the government clamping down on combination drugs the latest market data shows that in March, the fixed-dose combination (FDC) market declined 56.4 per cent when the non-FDC market showed a growth of 9.2 per cent and single molecule drugs grew 9.4 per cent. An FDC drug is one that contains two or more active ingredients in a fixed-dosage ratio. Last year, the government banned over 340 'irrational' FDCs that were found to pose health risks to patients. More FDC drugs are under the scanner at the moment which may also come under the ban. As a result, pharmaceutical companies have pared their exposure to FDCs and are also restricting the launch of new combination drugs. Before the ban came mid last year, we had braced for the same and weeded out FDCs from our domestic portfolio. Henceforth we have been cautious about launching new combination drugs. As such the government is studying the efficacy of another 940 FDCs and therefore, there is a sense of uncertainty in this market, said the chief of a leading pharmaceutical player. Data from market research firm AIOCD AWACS reflects the mood in the market. In March the market related to FDCs saw a decline of 56.4 per cent. The price component for the FDCs saw a 1.3 per cent growth while volumes shrunk by 57.9 per cent, AIOCD AWACS said. In comparison, the non-FDC market grew 9.2 per cent while single molecules saw a 9.4 per cent growth in March. In terms of moving annual turnover (MAT), which reflects the last twelve months data, the FDC market saw a 20.6 per cent decline in value terms at Rs 641.6 crore while the unit sales fell by 16 per cent. The non-FDC segment saw a 10 per cent growth in value terms to Rs 62,517 crore while the single molecule market grew 9.6 per cent to Rs 67,347 crore. The overall Indian pharmaceutical market (IPM) grew 9.6 per cent to Rs 1.3 trillion. Sudarshan Jain, that represents the research-based pharma companies in India pointed out that the FDC market captured in the AIOCD AWACS data refers to those that have come under the scanner. There are many approved FDC drugs too. Cardiovascular and some other therapies would see more combination drugs. However, for any new drug to be launched, one has to take regulator approval, which is stringent now. The ban on the 'irrational' FDCs is in the interest of the patient, he said. In March 2016, the ministry of health and family welfare had implemented a ban on 349 FDCs based on recommendations of the Chandrakant Kokate committee that found these drug combinations to be irrational and posing health risks. In December 2017, the Supreme Court referred the matter to the Drug Technical Advisory Board (DTAB) for a fresh review after drugmakers challenged the ban.

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INDIA'S WEAK POWER DEMAND POINTS TO MORE SLOWDOWN

India is witnessing a listless growth in electricity demand, possibly signaling more slowdown in Asia’s third-largest economy. Electricity requirement from distribution utilities in February rose 1.3 percent from a year earlier and barely changed from January’s 1.1 percent, the weakest growth in two years, according to the power ministry’s Central Electricity Authority. Data for power generation, a proxy for demand, showed the weakness continued into March. The trend points to a lack of appetite among factories and commercial firms -- who consume about half the country’s electricity -- ahead of government data on industrial production for February that’s due Friday. Uncertainty about the outcome of a national election beginning Thursday, weak domestic demand and a global slowdown have clouded India’s economy. Economic growth slowed to 6.6 percent in the three months to December, the weakest pace in six quarters. The International Monetary Fund Tuesday cut the nation’s growth outlook for this year to 7.3 percent from 7.5 percent seen in January. The industry is not growing at a fast pace, said Devendra Kumar Pant. All leading indicators suggest sluggishness in industrial activities will continue for some time. India’s core infrastructure sector, which constitutes 40 percent of total industrial production, grew 2.1 percent in February, marginally improving from January’s 19-month low of 1.8 percent when electricity generation and production of refinery products contracted. While factory output data for March, which is published with a one-month lag, is due in May, early indicators point to a steepening slowdown. Local passenger vehicle sales have contracted for five straight months to March, while exports growth has been sluggish.

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MADE-IN-INDIA IPHONE X FROM JULY

Taiwanese contract manufacturer Foxconn will begin from July the commercial production of iPhone X range of smartphones for Apple from its 160-acre factory off Chennai, people aware of Foxconn’s India plans told. Foxconn will begin with the iPhoneX (range) from the Chennai plant. The plans are to step up production capacity and diversify to even higher models going forward, said an official privy to the company’s plans, on conditions of anonymity. Sustained increase in manufacturing will depend on, among other factors, the continuation of a favourable incentive regime into the next government, the official said. The company began its India manufacturing journey through another Taiwanese company Wistron, which had started with the iPhone SE from its factory near Bengaluru two years ago and later advanced to iPhone 6S model. Wistron now makes iPhone 7, a sign analysts foresee as a bump-up in local manufacture of multinational technology companies keen on the Indian market. Around 290 million handsets were assembled in India in 2018 up from 58 million in 2014, according to data from the Indian Cellular and Electronics Association. In the short-term, the Differential Duty and the Phased Manufacturing Programme worked as far as import substitution is concerned. Now the challenge is to move from 290 million to 500 million phones and then to one billion by 2025, Pankaj Mohindroo, said.

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VOTING IS OUR DUTY, EVERYONE SHOULD VOTE: BHAGWAT OPPOSES NOTA

RSS chief Mohan Bhagwat Thursday said voters should exercise their franchise for any candidate instead of opting for the None of the Above (NOTA) option available on the electronic voting machines (EVMs). Voting is necessary and a sacred responsibility of all. Vote for national security, development and identity, he said. On the NOTA option, Bhagwat said one has to say what he/she wants. Being quiet does not work. You have to say yes or no, he added.

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ARUN JAITLEY DISCUSSES INDIA'S ECONOMIC REFORMS WITH INVESTORS IN US

Arun Jaitley has discussed India's economic reforms and outlook for the future as he addressed investors. India's Consulate General in New York tweeted Wednesday that since his arrival in the city, Jaitley held a series of roundtables with the investors community of New York on India's economic reforms and vision for the future. Investors are bullish on India. Jaitley told the interactive session that getting bank accounts for all, providing 99% of population with access to toilets, modern approach of cooking, rural road connectivity, house for all were part of the efforts towards social reforms. Over the next five years, reducing poverty, providing best infrastructure, new cities to manage migration, increasing participation of women, will be the focus, another tweet by FICCI said.

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SC IMPOSES RS 20 LAKH FINE ON WEST BENGAL GOVERNMENT FOR SHADOW BANNING 'BHOBISHYOTER BHOOT'

The Supreme Court on Thursday imposed a fine of Rs 20 lakh on the West Bengal government for shadow banning Bangla film 'Bhobishyoter Bhoot' based on political satire. It also directed the state government to pay damages to theatre owners who were restrained from screening director Anik Dutta's 'Bhobishyoter Bhoot' (Ghost of the Future) from almost all multiplexes and single screen theatres earlier in the year. The money will be given to the producer and theatre owners by the state, a bench headed by Justice D.Y. Chandrachud said. The apex court also noted that the order clearly was in the violation of the fundamental right of free speech and expression.

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BAN ON TIKTOK APP WOULD HARM FREE SPEECH, CHINA'S BYTEDANCE TELLS SC

An Indian court's call for a ban on the popular video app TikTok will hurt free speech rights China's Bytedance Technology Co has said in a request for the Supreme Court to quash the directive. Bytedance is one of the world's most valuable start-ups and its TikTok app lets users create and share short videos with special effects. It has become popular in rural India, where most of a population of 1.3 billion lives. A ban amounts to curtailing of the rights of the citizens of India who have been using the platform everyday to express themselves and create content, the company said in a court filing asking for the order to be quashed.

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CITIZENSHIP BILL PUTS A LOT AT STAKE IN THE ONLY LOK SABHA SEAT IN NAGALAND

With only one seat at stake, the contentious citizenship amendment bill has emerged as one of the major issues in Nagaland. On the one hand, the Bharatiya Janata Party (BJP), which is part of the ruling alliance at both the centre and in the state, supports the citizenship amendment bill. On the other, its main ruling partner, the Nationalist Democratic Progressive Party (NDPP), doesn’t believe that the bill is an issue for the polls. The bill seeks to grant citizenship to immigrants from Pakistan, Bangladesh and Afghanistan, who face religious persecution in their countries. While releasing its manifesto on Monday, BJP reiterated its commitment to enact the bill. NDPP’s Tokheho Yepthomi, the alliance’s candidate for the sole Lok Sabha seat in Nagaland, however, dismisses the bill being an issue. The citizenship amendment bill was passed in the Lok Sabha but it was not introduced in the Rajya Sabha because of widespread protests across the states of the North-East. Although individuals talk about the citizenship amendment bill, it will lapse in the Rajya Sabha, he told Mint on Friday. The next government will decide whether to move it or leave it, said Yepthomi. Yepthomi is seeking re-election, having won the February 2018 bypoll after chief minister Neiphiu Rio vacated the seat to contest the state elections. Rio formed NDPP in 2017 after a coup against him in the Naga People’s Front (NPF). He came to power with BJP’s support, despite NPF emerging as the largest political party in the state, with the highest representation in the assembly. Yepthomi’s main opposition is Congress candidate K.L. Chishi, a former BJP member and chief minister, and a veteran in Nagaland’s political arena who rejoined the Congress earlier this year. In Nagaland’s 60-member state legislature, NPF has 27 seats, while NDPP has 17 seats and BJP 12. On 11 April, there will also be a byelection to the Aonglenden assembly constituency, with NDPP and Congress in the fray. Rahul Gandhi held a rally last week, reportedly drawing a crowd of about 25,000 people. Gandhi said that if the Congress were voted to power, it would not pass the controversial citizenship amendment bill. One of the main issues is the citizenship amendment bill, which was passed in the Lok Sabha. It will again come back, said Congress’ Chishi. Political parties from the North-East believe that the bill was at cross purposes with the National Register of Citizens, which seeks to wean out illegal Bangladeshi immigrants. Further, the BJP government wants to introduce a uniform civil code. It is dangerous. Once it is enshrined in the Constitution, the special protection to Nagas that Article 371 (A) provides will go. During British rule, the Naga hills under Assam were left as an excluded area. They wanted Nagas to remain on their own, without interference. They didn’t want outsiders to dilute the Naga way of life. I don’t know what kind of speeches they give in the mainland. Here, as per the atmosphere that prevails in each state, the leaders speak on those lines only, said NDPP’s Yepthomi.

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NO HINDUTVA ORIENTATION IN FOREIGN POLICY

Shortly before the 2014 elections, Narendra Modi — at that time practically a novice in foreign affairs — stated in an interview that my Hindutva face will be an asset when dealing with foreign affairs with other nations. This statement might have been indicative of a strict ideological, assertive foreign policy posture that put India first in all its future engagements. Yet, an analysis of five years of National Democratic Alliance’s (NDA’s) foreign policy only reveals changes in direction and scope, but no traits of strict adherence to a genuine Hindutva ideology, or any ideology for that matter. In the BJP Election Manifesto 2014, the party did not use the term Hindutva foreign policy and dealt with international affairs in three pages only. The wish to reboot and reorient foreign policy was expressed as the strengthening of Indian soft power or the establishment of a new web of alliances. Taking a bird’s eye view of select bilateral and multilateral foreign policy developments from 2014-19, it is obvious that Prime Minister Modi has been much more visible and outspoken and travelled more than any of his predecessors. The inviting of Modi’s South Asian counterparts to the swearing-in ceremony in May 2014 hinted at a strong focus towards India’s neighbours and created expectations of closer bilateral and multilateral cooperation. The Maldives, despite Indian overtures, still ratified a free trade agreement with China (as did Pakistan) and with Nepal, despite Modi’s initial outreach and support after the earthquake in 2015; the country’s new federal constitution of 2015 led to a dramatic worsening of bilateral ties. All in all, countries in India’s immediate neighbourhood have been successfully incorporated into China’s One Belt One Road (OBOR) initiative, with an adequate Indian response still at large. Overall, with respect to its immediate neighbourhood, the Modi government has followed a course of policy continuity, except for Pakistan. As for the South Asian Association for Regional Cooperation (SAARC), there has only been one summit in the past five years, and progress has stalled especially in the face of Indo-Pak enmity. India subsequently did not attend the Belt and Road Forum, citing grave concerns over the building of the China-Pakistan Economic Corridor. However, Modi did hold an informal summit with President Xi Jinping in Wuhan 2018 to work on better ties with China. In multilateral settings, India started to engage in the quadrilateral (Quad), a grouping that also includes the US, Japan, and Australia. Despite repeated attempts, India was eventually denied entry into global governance platforms such as the Nuclear Suppliers’ Group or the United Nations Security Council (UNSC). However, on India’s appeal, the UN introduced worldwide International Yoga Day (June 21). The latter, especially, was heralded as a new sign of global Indian outreach. And, finally, connecting with the Indian diaspora around the world has been an important objective for the NDA government. What is more, India’s new assertive posture towards both Pakistan and China and a host of new strategic partnerships — such as the ones with Saudi Arabia and UAE — are actually indicators of a new foreign policy pragmatism. A Hindutva foreign policy, faced with a myriad of geopolitical and geo-economic necessities, as it was in the past five years, simply did not lend itself to becoming a new Indian foreign policy orientation or grand strategy. Instead, pragmatism has clearly eclipsed Hindutva.

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AMETHI WAS MY FATHER'S 'KARMABHOOMI', IT IS SACRED LAND FOR US: PRIYANKA

Rahul Gandhi filed his nomination for the Lok Sabha elections from Amethi, Priyanka Gandhi Vadra on Wednesday said the constituency was her father's karmabhoomi and its land was sacred for her family. Gandhi filed his nomination for the Lok Sabha elections from this constituency with his entire family looking on. Some relationships are from the heart. This was my father's 'karmabhoomi', it is sacred land for us, Priyanka Gandhi, who is Congress' general secretary in-charge Uttar Pradesh East, tweeted.

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RAFALE DEAL: BJP ACCUSES RAHUL GANDHI OF CONTEMPT OF COURT

The BJP on Wednesday said he attributed to the Supreme Court what it had never said in its order on the Rafale deal. Nirmala Sitharaman said, The Congress president probably doesn't read even half a paragraph of the court's order, but here, by saying that the court has said 'chowkidaar chor hai' it is verging on contempt of court. The president of a party which has been in power for so many years has shown his frustration by attributing words to the apex which were not uttered, she said. The minister added that the court order was limited to whether it should consider the documents the government said were illegally obtained by petitioners. Taking a potshot at Gandhi, she said he is out on bail and was accompanied at his nomination filing in Amethi by the family -- as described Christen Michel, an alleged middlemen in VVIP chopper deal. She said, adding that he is repeatedly misleading people on the Rafale fighter jet deal. Gandhi claimed the apex court has made it clear that Prime Minister Narendra Modi committed a theft.

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RAHUL GANDHI CHALLENGES PM MODI TO A DEBATE ON CORRUPTION

Rahul Gandhi on Wednesday launched a stinging attack on Prime Minister Narendra Modi over alleged irregularities in the Rafale deal and public sector banks, and challenged him to a debate on the issue of corruption He said he will ask Modi three questions on the Rafale deal and industrialist Anil Ambani, and the prime minister will not be able to show his face to people. Gandhi claimed that Modi has waived loans worth Rs 3.5 lakh crore taken by 15 super-rich people. I promise to return these keys to the people of this country, Gandhi said.

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ARUN JAITLEY ADDRESSES GLOBAL INVESTORS IN NEW YORK OVER ECONOMIC REFORMS

Arun Jaitley, who is visiting the US to attend the IMF-World Bank meeting, addressed investors in New York on issues concerning reforms and economic outlook. Subhash Chandra Garg also attended the round-table meet. The minister would travel to Washington for attending the Spring Meetings of the World Bank and the International Monetary Fund (IMF) from April 12 to 14. Shaktikanta Das is also slated to attend the IMF-World Bank meetings. The minister is likely to return on April 15.

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LOK SABHA ELECTION: NARENDRA MODI TRYING TO CREATE TWO INDIAS, SAYS RAHUL GANDHI

Rahul Gandhi Wednesday sharpened his attack on Prime Minister Narendra Modi accusing him of trying to create two Indias -one for his friends like Nirav Modi and Anil Ambani and another for poor farmers of the country. Gandhi said that if Congress is voted to power, he will ensure investigation into the Rafale scam and that the guilty including Prime Minister Narendra Modi are put behind bars. Hitting out at West Bengal Chief Minister Mamata Banerjee for forging an alliance with BJP in the past, Gandhi rubbished her allegations against the Congress. It is the Congress which is fighting tooth and nail against BJP in the coutry, he told. Alleging that the facial expression of Narendra Modi has changed, Gandhi said He can’t speak properly at various rallies. This is because he is afraid that because of Congress there might be an investigation into the Rafale scam and he might go to jail, Gandhi said.

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RAHUL GANDHI'S TRYST WITH AMETHI CONSTITUENCY

For the fourth time, Rahul Gandhi, now Congress president, has filed his nomination papers from Amethi Lok Sabha constituency, long seen as a pocket borough of the Gandhi family in Uttar Pradesh. This time Rahul is staring at an erosion in support from Amethi voters who have backed the Gandhi family for decades. In 2019, Rahul is contesting from a family bastion which is crumbling. That's why his contest from Wayanad in Kerala is seen as an admission of his vulnerability in Amethi. When Rahul fought the first time in 2004 from here, his vote share was about 66 per cent, marginally less than what Sonia bagged in the previous election. In 2009, the vote share shot to an impressive 71.78 per cent. But in 2014, BJP's Irani had delivered a major blow. Rahul's vote share shrunk to 46.71 per cent while the BJP's shot up from 5.81 per cent to 34.38 per cent.

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RS 1 CR SEIZED FROM BMW IN DELHI'S VASANT VIHAR

The Delhi police have seized Rs one crore in cash from a BMW car in southwest Delhi's Vasant Vihar, officials said on Wednesday. Police said in view of the Lok Sabha elections, they have intensified patrolling in several intersections across the national capital. During checking, they randomly stopped a BMW car and found cash amounting Rs one crore in it, Devender Arya, Deputy Commissioner of Police (southwest) said.

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XIAOMI SELLS OVER 1 MILLION UNITS OF REDMI NOTE 7 WITHIN A MONTH

Chinese smartphone maker Xiaomi on Wednesday said it had successfully surpassed over 1 million units of Redmi Note 7 series sale across the nation within a month of its launch. The Redmi Note 7 was launched last month alongside the Redmi Note 7 Pro.

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UK PLANS TO INTRODUCE ‘NO-FAULT’ DIVORCE FOR FIRST TIME

Britain wants to end the divorce blame game. The government has announced plans to introduce no-fault divorces so separating couples no longer have to blame one another for the breakdown of a marriage. David Gauke said Tuesday that the government will introduce legislation after a public consultation revealed broad support for change. Until now, couples have had to prove misconduct such as adultery by one partner or live apart for a fixed period before they could divorce. The proposed changes would only require the couple to declare that their marriage had irretrievably broken down.

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KOHLI NAMED WISDEN'S LEADING CRICKETER IN THE WORLD

India captain Virat Kohli was on Wednesday named the Leading Cricketer in the World and featured in Wisden's Five Cricketers of the Year, by the Wisden Cricketers' Almanack. It was a double delight for Kohli, who will lead India's World Cup campaign in England later this year, as he was named the best cricketer in the world for an unprecedented third year in a row. Kohli was also among Jos Buttler and Sam Curran to be listed in Wisden's Five Cricketers of the Year, a rare accolade which has been eluding him in his career until now. Smriti Mandhana was named the Leading Cricketer in women's cricket, after the opening batsman amassed 1,291 runs across limited-overs formats, including 13 half-centuries. Afghanistan leg-spinner Rashid Khan was named the Leading Twenty20 Cricketer for the second year in a row.

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TWITTER DELETES TRUMP CLIP WITH DARK KNIGHT RISES SCORE AFTER COMPLAINTS

Twitter has deleted a video by US President Donald Trump for his 2020 election bid, that used unauthorised music from Warner Bros' blockbuster The Dark Knight Rises, after the studio complained to the social media platform. The microblogging site complied with Warner Bros' demand to protect its copyright late Tuesday, hours after the US President tweeted a provocative campaign video, set to a track from the score of Christopher Nolan's final movie in his massively successful Batman trilogy. The use of Warner Bros' score from 'The Dark Knight Rises' in the campaign video was unauthorised. We are working through the appropriate legal channels to have it removed, Warner Bros told Deadline in a statement.

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PARAGUAY SEEKS INDIAN TECHNOLOGY AND INVESTMENTS FOR DIVERSIFYING ITS ECONOMY

Paraguay is looking to India for building up its infrastructure and solutions for diversifying the South American nation’s economy. The landlocked country is planning to give more tax incentives to Indian companies wanting to invest abroad. The only country in the world which has a transparency law regarding public information is looking to India for collaborations and ventures in various sectors including education, health, agriculture, renewable energy and machinery. Venkaiah Naidu ‘s visit to that country, ambassador of Paraguay to India, Fleming Raul Duarte Ramos says that, We hope to partner with India on a diverse range of industries including natural resources, agriculture and education. Inviting Indian businesses to invest in his country, the envoy said that the country can be a gateway for the Indian companies for member countries of Pacific Alliance (Peru, Chile, Colombia, and Mexico) and MERCOSUR (Argentina, Brazil, Paraguay and Uruguay) which together make up for 80 % market in the region. There has been a ten -fold increase in bilateral trade between the two countries over the last decade when it touched $ 334 million in 2017-18 from $ 40 million in 2008-09. We don’t say landlocked, we say we are land linked. Our population is young. There is a great need to find solutions to diversify our economy. India has a lot to offer to us both infrastructure and knowledge will add value, he adds. The government of Paraguay is pursuing policies such as Law 60/90, Maquila Regime, incentives for Forestry together with low tax benefits in an effort to attract investments to promote investment. Education is an important area with its young population going out to study in Europe and the US and we are keen on looking for collaborate with Indian academic institutions and exchange programmes and training institutes which will give exposure to the youth, the envoy says. The capital of the country Asuncion can also be an aviation hub as airports in the major cities in the region are full. The country is seeking investments for constructions of roads and transportation as that will help in not only good connectivity but also improving trade and movement of goods to countries in the region.

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NATIONAL PARTIES ONCE AGAIN DEMONSTRATE GENDER BIAS IN FIELDING CANDIDATES

Are political parties using women members just for gathering crowd in public meetings and increasing headcount during rallies? It seems so, according to Archana Jha, National Program Coordinator at Centre for Social Research, New Delhi. Considering low percentage of tickets distribution to female candidates by almost all political parties, a marathon campaign was recently undertaken by the National Alliance for Women’s Reservation Bill. The members of the Alliance visited several political parties’ offices to demand at least 33 per cent tickets for female candidates in the upcoming elections. The political parties which were hailed as model parties by the Alliance in terms of ticket distribution to women were All India Trinamool Congress (AITC) which gave 41 per cent tickets to women candidates and Biju Janata Dal (BJD) which reserved 33 per cent. Jha, who led the delegation of women’s groups to various political party offices, said, Political parties use female members for gathering crowd in public meetings and increase headcount during rallies; they make women wear party caps, hold flags and treat them as second-grade citizens in party affairs, especially when it comes to distribution of tickets for contesting in elections. We demand an immediate passage of the Women’s Reservation Bill by the next government to change this trend.

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Thanks & Regards,
CS Meetesh Shiroya