www.thehansindia.com KURNOOL WEDNESDAY 7 FEBRUARY 2018 PAGES 16 `5.00 Forecast: Sunny Temp: Max.35°C. Min.21°C. Humidity: 11% Sunrise: 06:46 Sunset: 06:17 H Simultaneously published from Hyderabad | Warangal | Tirupati | Amaravati | Visakhapatnam | Khammam | Kurnool | Delhi H Students fall prey Kellton rolls out AI platform to smugglers for energy biz I P5 n an interesting but alarming trend, increasing number of accused caught in red sanders smuggling turn out to be students of professional courses from Tamil Nadu. Balasore (Odisha) (PTI): India on Tuesday successfully testfired its short-range nuclear capable ballistic missile Agni1 with a strike range of over 700 km from a test range off the Odisha coast, Defence sources said. The indigenously developed surface-tosurface missile was launched as a part of a periodic training activity by the Strategic Forces Command (SFC) of the Army to consolidate operational readiness, they said. S P6 ith an aim to tap growing opportunities in energy sector globally, Hyderabad-based Kellton Tech Solutions, a digital transformation solutions provider, on Tuesday launched IoT-enabled artificial intelligence platform for the sector. P13 JAITLEY’S FORMULA WINDOWS Nuclear-capable Agni-1 test-fired successfully W The Union Finance Minister says Centre will come out with a method so that AP can proceed with all its projects without any rule interfering with funding TDP and YSRCP MPs raising slogans during a demonstration in the main entrance of the Parliament house in support of their various demands in New Delhi on Tuesday RUCKUS IN RS, LS ‘No keeping quiet’ S TD MPs on a sloganeering spree S Demand fair deal to AP S Both houses of Parliament disrupted OUR BUREAU New Delhi/Hyderabad: For the second day on Tuesday, MPs from Andhra Pradesh staged vociferous protests in both the houses of Parliament as well as outside seeking a better and fair deal for the state in the national budget which forced the government into making a statement on what it intended to do to as- MAYHEM ON D ST `10L cr investor wealth melts in 6 sessions BUSINESS BUREAU Hyderabad: The long-awaited correction, which was triggered by Union Budget 2018-19, continued on Tuesday for a consecutive sixth session. Crash on Wall Street and downslide in Asian stocks further added to the market turmoil. The market benchmark BSE Sensex tanked 561 points to close at a onemonth low of 34,195.94 and resulted in erosion of investors wealth to the tune of over Rs 2.72 lakh crore on Tuesday. The ongoing market rout eroded Rs 10 lakh crore investor wealth in just six sessions. NSE Nifty too fell 168.30 points, or 1.58 per cent, to 10,498.25 points, a level last seen on January 3, when it closed at 10,443.20. Market capitalisation (mcap) fell to Rs145.23 lakh cr on Tuesday from Rs147.95 lakh cr on Monday. Continued on P6 suage the ruffled feelings of the people over meagre allocations. As soon as both the houses met, the members barged into the well of the house and kept raising slogans. In Lok Sabha, holding placards, they stood at the podium, which annoyed Speaker Sumitra Majajan who asked them to return to their seats. But the MPs would not listen to her and continued with sloganeering for speciﬁc assurances. Though Union Minister for Parliamentary Affairs Ananta Kumar rose to his feet and tried to placate their frayed nerves, he did not meet with much success. Continued on P6 OUR BUREAU New Delhi/Hyderabad: In an attempt to douse ﬂames of rancor, mainly in TDP, NDA’s biggest ally in the south, Union Finance Minister Arun Jaitley on Tuesday promised that the Centre would come out with a formula that would help the state to avail ﬁnancial beneﬁts under ‘special package’ offered to the state in September 2016 in lieu of Special Category Status. The Finance Minister, making a statement in both the houses of Parliament, said that to overcome technical issues that had come in the way in implementation of the package, an alternative mechanism would be worked out. The minister made the statement with MPs from TDP, YSRC and Congress staging protest in Parliament over the raw deal meted out in the national budget for the state and seeking immediate measures for implementation of special package, honouring of all the commitments made in the AP State Reorganisation Act, 2014. When the special package was announced in 2016, Jaitley had said that it was as good Special Category Status and in fact even better. He had said that the state would get Externally Aided Projects in lieu of Centrally sponsored schemes in the ratio of 90:10, admissible in the states where Special Category Status is in force. Since no Special Category Sta- DCI DISINVESTMENT Staff, unions ready for showdown VKL GAYATRI Visakhapatnam: Employees, trade unions and political parties are getting ready for taking up cudgels against the Government of India after Union Minister Nitin Gadkari made no bones about the Centre’s incontrovertible decision to sell its stake in the public-sector behemoth Dredging Corporation of India (DCI). Already, tempers are frayed in Visakhapatnam with the Centre being ambivalent on creation of a separate railway zone even though it has been promised in the AP State Reorganisation Act, 2014. Only recently, Jana Sena chief Pawan Kalyan visited the house of the DCI employee who committed suicide worried over his future with the Centre deciding to withdraw investment from the PSU. The DCIL is only the PSU taking up all the dredging works of the ports in the country and abroad. The employees and trade unions oppose privatisation on the grounds that it would pose a threat to national interests as the DCI does dredging for national ports. The DCIL could not go in for capital investment because of the outstanding dues of Rs.167 crore for Sethusamudram works and arrears from various ports which have been pending for many years. Though receivables are huge, the Centre had allocated only Rs 10 crore in 201819 budget which shut the doors on any possibility of the corporation achieving a turn around. Continued on P6 tus was being bestowed on the state, EAP would substitute the Centrally sponsored schemes for which loan would be raised from overseas funding agencies. The state would have to repay only 10 per cent of the loan as the Centre would take care of the remaining 90 per cent. Jaitley told the House that as bearing 90 per cent of loan posed a technical problem since there was no Special Category Status, rules allowed only upto 60 per cent which left loan commitment upto 40 per cent for the state. Visualising this problem Andhra Chief Minister N Chandrababu Naidu had sought sanction of the 30 per cent loan component as grant from NABARD. Though the Centre could do this, this again would become part of total borrowings of the sate on which the Fiscal Responsibility and Budget Management Act has imposed a limit that it should not be more than four per cent of the state GSDP. That means the ﬁscal deﬁcit of the state would go up, preventing it from going in for loans to this extent. Addressing this issue in the House on Tuesday, Jaitely said that he had asked the expenditure secretary to immediately call the ﬁnance secretary of Andhra Pradesh to Delhi and work out procedural formalities, so that it can be done. “We are committed to all the provisions of the AP State Reorganisation Act”, he said. FROZEN FOR POSTERITY! Let Oppn organise bandh in Delhi: CM OUR BUREAU Amaravati: Chief Minister N Chandrababu Naidu opined that political parties should observe bandh or any protest in New Delhi, instead of in the State. “The aspirations of the people of AP should be echoed on the streets of New Delhi. People shouldn't suffer because of bandh,’’ the Chief Minister felt during a meeting with DGP Malakondaiah and other senior officials on Tuesday."I am more concerned as the bandh is scheduled on February 8," Naidu said and added that people were already suffering because of the unfulﬁlled assurances of the AP Re-organisation Act and were disturbed with the disappointing Union Budget. Continued on P6 Lok Sabha member Butta Renuka is all smiles as she poses in the corridors of the Lower House in New Delhi on Tuesday. This decision to strike a pose in the era of selﬁes is raising eyebrows and making one wonder if there are political compulsions behind the sudden urge to be photographed in the lobbies of the august House
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