TUESDAY Several global banks have moved large sums of illicit funds, despite knowing the shady nature of the money, reports say 22 SEPTEMBER, 2020 GLOBAL BANKS MOVED DIRTY MONEY DESPITE RED FLAGS morningstandard.in facebook.com/TheMorningStandard twitter.com/TheMornStandard instagram.com/themorningstandard TRANSACTIONS WORTH $2 TN IN TWO DECADES BUILDING CAVES IN, 13 KILLED 2 dozen people rescued, building owner booked PAGE 8 BANKS DELAYED FILING REPORTS A CAPITAL VIEW OF NEWS Need of 21st century: PM Prime Minister Narendra Modi on Monday asserted that the farm sector reform Bills were the need of the 21st century India, saying farmers will now have the freedom to sell their produce at a place and price of their choice. He also assured farmers that the government will purchase their produce and the minimum support price (MSP) mechanism will continue NEW DELHI J8.00 PAGES 12 ‘Totally uncontrolled’ digital media spreads hatred: Centre tells SC POINT-COUNTERPOINT Here’s a look at the fears of a section of farmers on the Bills and Centre’s assurances MSP FARMERS: No mention of minimum support price (MSP) in any of the bills. The minimum price they get for their produce would be robbed off when the three bills come into effect CENTRE: The MSP mechanism will continue FARMERS: Though the bills talk Congress MPs Ghulam Nabi Azad (3rd from left) and Mallikarjun Kharge (2nd from left) meet suspended RS members on indefinite dharna in Parliament complex on Monday | PTI CONTRACT FARMING FARMERS: Apprehension that due to the clause on fixed price before sowing, many corporates would not like to engage with small and marginal farms CENTRE: Will allow farmers to get higher price for their produce and guaranteed buying bility criteria or qualifications so f ar statutorily stipulated to start web magaTHE Centre on Monday told zines or news portals or chanthe Supreme Court that the nels, said the government. print and electronic media The 81-page affidavit urged “rarely cross the line” but the the apex court to leave it to the “completely unconlegislature to frame trolled” web-based guidelines for the digital media is often mainstream elecfound to be spreadtronic and print meing venomous hadia. If the court feels tred and triggering the need to lay down violence. guidelines for elec“By the very natronic and print meture of its composidia, it should first tion, the print and start with web-based electronic media digital media, the would rarely cross Centre said in its the line which may affidavit. If this court need intervention of The government’s considers it necessary to lay this Hon’ble Court response has come f r e q u e n t l y. A s down guidelines for on a query by the top the mainstream against that, by its court on the need to very nature the web electronic and print regulate electronic media, it is the need based digital media, media, following the of the hour that this by and large, recontroversy surcourt starts the mains unregulated,” rounding Sudarshan exercise with web the Ministry of In- based digital media TV’s programme on for mation and entry of Muslims in Centre’s affidavit Broadcasting said in civil services. its affidavit. “In case this The way electronic media Hon’ble Court desires to travel uses airwaves, which is a pub- into the wider issues, then the lic property, the web based issue in question, including digital media also uses spec- particular series or a particutrum and Internet, which is lar TV channel, it is absolutealso a public property, the af- ly inevitable to start with digifidavit said. There are no eligi- tal media,” the Centre said. E X P R E SS N E WS S E R V I C E @ New Delhi ESSENTIAL COMMODITIES APMC about intra-state trade, the role of the Agricultural Produce Market Committee (APMC), also called the mandi system, is unclear CENTRE: APMCs will continue to function. The bills create parallel markets outside the mandi as well FARMERS: Bill removes pulses, cereals and other such items from the list of essential commodities. It also does away with imposition of stock limit, so corporates will be the real beneficiaries CENTRE: It transforms the farm sector by deregulating cereals, pulses, and onions, raising farmers’ income Indefinite dharna by 8 suspended Elders The Centre on Monday hiked the minimum support price for buying six rabi crops by up to 6% in an attempt to allay apprehensions of farmers on the continuation of procurement based on MSP. The MSP of wheat has been hiked by `50 to `1,975 per quintal; gram by `225 to `5,100 per quintal; barley by `75 to `1,600 per quintal; lentil by `300 to `5,100 per quintal; sunflower by `112 to `5,327 per quintal R I C H A S H A R M A @ New Delhi A day after pandemonium in the Rajya Sabha, Chairman M Venkaiah Naidu suspended eight Opposition members for their unruly behaviour during the passage of two farm Bills, while rejecting a no-confidence motion moved against Deputy Chairman Harivansh Narayan Singh on technical grounds. The suspended MPs — Derek O’Brien, Dola Sen (both Trinamool), Rajeev Satav, Syed Nassir Hussain, Ripun Bora (all Congress), Sanjay Singh (AAP), Elamaram Kareem (CPI) and K K Ragesh (CPM) — called the action autocratic and continued sitting in the House despite repeated requests by the Chair to leave, lead- GENDER BENDER ing to multiple adjournments. No legislative business could be conducted throughout the day . Holding placards saying ‘Murder of Democracy’ and ‘We will fight for farmers’, the suspended MPs later began an indefinite dharna near Gandhi statue on Parliament’s premises. The Upper House is likely to witness uproar on Tuesday too, as the Oppo, sition plans to press on with its objections to the refusal to allow division on the farm Bills. Parallelly, the Opposition sought time to meet President Ram Nath Kovind while urging him not to give assent to the two Bills passed by the RS on Sunday — the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill 2020 and the Lost job? Pay cut? New SBI scheme to rejig retail loans E X P R E SS N E WS S E R V I C E @ New Delhi Sub Lieutenant Riti Singh (left) and Sub Lieutenant Kumudini Tyagi during their passing out parade in Kochi on Monday | A SANESH WOMEN POWER IN NAVY’S AIRBORNE COMBAT TEAM E X P R E SS N E WS S E R V I C E @ Kochi / New Delhi TWO women have made their way into a domain held by male officers in the Navy Sub-lieutenant Riti Singh . and sub-lieutenant Kumudini Tyagi will be the first women airborne combatants of the Navy to operate helicopters from the deck of warships. Earlier, the role of women was restricted to the fixed wing aircraft that took off and landed ashore. The two officers graduated as the Navy’s Observers at a ceremony held at INS Garuda, the air station of the New graduates Southern Naval Command in flying high Kochi on Monday Both are en. Two other woman gineering graduates in computofficers — Sub Lt er science and were commisAfnan Sheikh and sioned into the Navy in 2018. Sub Lt Kreeshma R Sub Lt Singh, a native of Hy— graduated on derabad, is the third-generaMonday. They will tion officer from her family to operate the fixedserve the armed forces. “It is a wing aircraft of dream-come-true moment as the Navy joining the Navy was my longcherished dream,” she said. Sub Lt Tyagi, a native of Ghaziabad, said she wanted to be inducted into the Navy in combat role. “The news about Lt Kiran Shekhawat, a woman officer who laid down her life in an accident involving a naval aircraft in 2015 motivated me to join the force,” she said. Meanwhile, a woman fighter pilot of the Indian Air Force is set to join the newly-inducted multi-role aircraft Rafale fighter fleet soon. The woman pilot has been flying MiG-21 fighters and was selected to join the Ambala-based Golden Arrows squadron operating the Rafale jets, sources said. “She was chosen to fly Rafale jets following a stringent selection process. She is undergoing training now,” said a source. Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020. They also weighed options to take the matter to the judiciary . Outside Parliament, Prime Minister Narendra Modi sought to dispel concerns among a section of farmers, saying he wanted to make it clear that the Bills are not against agriculture mandis. If somebody says that governmentregulated agriculture markets will be finished after these reforms, then he is “blatantly lying,” Modi asserted. Earlier in the day Naidu called , Sunday a bad day for the Rajya Sabha. “It pained me a lot because what happened yesterday in the House is unfortunate, unacceptable and condemnable,” he said INDIA’s largest lender State Bank of India (SBI) on Monday unveiled the set of rules it intends to follow for both personal and corporate loan restructuring process. For retail loan restructuring, the bank will check whether the applicants have lost their jobs or had their incomes reduced due to the pandemic. The loans will be restructured based on the customer’s future income. Borrowers can check their eligibility and upload relevant documents on the SBI website, which would be followed up by scrutiny and approval at the branch level. “We would like to address those who had a temporary job loss and are likely to come back… Retail customers will be offered a simple option to opt for 1-24 months of moratorium and reschedule the loans. Customers will also be offered a top-up home loan as a re- lief measure,” said C S Shetty, managing director of SBI. This, however, would come at a cost. Borrowers will have to pay 0.35% additional interest over and above current pricing for the remaining tenure of the loan. The last date to apply for restructuring is December 24, 2020. Borrowers will need to get a resolution plan sanctioned before December 31, and the lender will need to implement the restructuring within 90 days. For non-personal loans, the bank will seek additional security in the form of promoter pledges for listed companies and personal guarantee for unlisted companies. A processing fee of 0.25% of the aggregate limits will also be payable, SBI said. For term loans and working capital loans, the interest cost would be increased by 100 basis points over the current pricing, the guidelines said. and recalled that some members were seen “climbing on the Secretary General’s table, dancing, shouting in the well, tearing papers, breaking the mikes, obstructing Deputy Chairman from his duties, throwing papers, Rule Book on Deputy Chairman”. The Deputy Chairman was physically threatened, he added. As the Deputy Chairman had stated, if the members had remained seated, voting would have been carried out, Naidu claimed. “Certainly the conduct of some mem, bers grossly crossed all barriers of all parliamentary decorum.” On the no-confidence motion moved by the Opposition against Harivansh, Naidu said it was not in proper format as it did not give a 14-day notice as prescribed. P7 ‘SPEWING VENOM, TARNISHING REPUTATIONS’ “Apart from spreading venomous hatred, deliberate and intended instigation to not only cause violence but even terrorism, it is also capable of indulging in tarnishing the image of individuals and institutions. The said practice is, in fact, rampant,” the affidavit said. 5000+ DELHI COVID WATCH STATUS OF CASES Today Cumulative RECOVERED 3,672 2,13,304 DEATH 32 5,014 ACTIVE CASES -30,941 TOTAL +VE CASES 2,548 2,49,259 TESTING STATUS 8,828 PATIENT MANAGEMENT Total beds Occupied Vacant HOSPITAL 15,681 6,990 8,691 CARE CENTRE 8,137 1,805 4468* HEALTH CENTRE 601 385 216 Source: Delhi health bulletin | Sept 21 19,213 HOME ISOLATION *1864 beds of CCC are occupied by persons under quarantine including travellers who came by Vande Bharat Mission and bubble flights RTPCR/CBNAAT/ TrueNat tests conducted 25,78,740 Total tests done so far 1,35,723 Tests per million NEW DELHI: The Delhi Police on Monday said no demonstrations would be allowed in the national capital till September 30, citing an earlier order of Delhi Disaster Management Authority (DDMA). The missive came as the political parties as well as farmer bodies have intensified their agitation against the three agriculture Bills passed by Parliament. The DDMA on Monday clarified that all social, cultural and political functions along with large gatherings and congregations in Delhi are prohibited till September 30. In a communication to deputy home secretary, Delhi government, DDMA’s additional CEO Rajesh Goyal referred to the order dated June 6 according to which all social, academic, sports, entertainment, cultural, religious, political functions as well other gatherings and congregations were prohibited across the city . AHEAD of the first meeting to be chaired by Uttar Pradesh CM Yogi Adityanath for the proposed film city on Tuesday the Greater , Noida Authority (GNA) has suggested the Night Safari land for the CM’s ambitious project. The GNA on Sunday scrapped the Night Safari project. Additional Chief Secretary, Home, Awanish Awasthi said the CM would be discussing the Film City project with well-known film personalities, actors, directors, singers and others virtually on Tuesday The GNA is expected . to inform the government about Current death rate in the city is .83 per cent as on Monday, a marginal increase compared to the data on September 12 which was 68 per cent PAGE 4 tween 2012 and 2017, however, the government completed only the paperwork. “We have now decided to develop the film city on the 550 acres earlier earmarked for the Night Safari. We have prepared a proposal to be sent to the government for approvals,” said Narendra Bhooshan, chief executive officer of the Greater Noida Authority . Various development authorities in the NCR appear to be ea- We have now decided to develop a Film City on 550 acres land earlier earmarked for the Night Safari. We have prepared a proposal to be sent to the government for necessary approvals —Narendra Bhooshan, CEO, GNA Only marriage related gatherings up of a maximum 50 people and funeral and last rites gatherings of 20 people at the most are allowed. Despite the orders, Delhi Pradesh Congress Committee held a protest against the farm Bills at Janpath. The police detained over 40 Congress leaders and workers, including state president Anil Kumar, who were marching towards Parliament. ENS TODAY’S MATCH GNA offers Night Safari project land for Film City the 550-acre land available for the project. The authority is likely to ask other departments to clear necessary approvals to facilitate the Film City project. On the scrapping of the Night Safari project, Greater Noida Authority officials said it could not come through due to a number of ecological issues. The safari project, conceptualised in the previous regime, had to be developed by 2017. Be- COVID-19 FATALITY COUNT IN DELHI STANDS AT 5,014 No protests allowed in Delhi till Sept 30 GRAND PLAN N A M I TA B A J PA I @ Lucknow SHARES IN HONG KONG FELL TO A 25-YEAR LOW OF AS MUCH AS 4.4% Banks have to file suspicious activity reports within 60 days of detecting a reportable transaction. However, in many cases, they failed to report years after they had processed them | P10 Rajya Sabha Chairman cracks whip for Sunday’s unruly behaviour; rejects no-confidence motion moved against his deputy; Oppn urges President not to give assent to the farm Bills, seeks time to meet him; weighs legal options too HIKE IN MSP FOR SIX RABI CROPS ANNOUNCED HSBC HSBC, JPMorgan, Deutsche Bank, StandChart and Bank of New York Mellon may have transacted $2 trillion during 1999-2017, International Consortium of Investigative Journalists said MAHARASHTRA ger to snap up the ambitious project. Sources said the Yamuna Expressway Industrial Development Authority (YEIDA) chief executive officer Arun Vir Singh has also written to the state government about 500 acres of land being available in Sector 21 along the 165-km Yamuna Expressway . The UP CM on Friday announced setting up of the “country’s biggest and most impressive film city” either in Noida, Greater Noida or along Yamuna Expressway to create job opportunities in the state. The CM had directed the respective authorities to look for land for the project at the earliest. vs RAJASTHAN CHENNAI After recording their first win, CSK will meet Rajasthan Royals (playing their first match) at Sharjah on Tuesday. With two big players — Jos Buttler and Ben Stokes — missing from RR, Chennai will look to exploit the situation and aim for a big win ODDS: CSK 4/5 RR 6/5 LIVE: Star Sports/Hotstar @ 7.30pm RCB PREVAIL Royal Challengers Bangalore beat Sunrisers Hyderabad by 10 runs
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