www.thehansindia.com WARANGAL FRIDAY 2 MARCH 2018 PAGES 20 `5.00 Forecast: Sunny Temp: Max.37°C. Min.19°C. Humidity: 20% Sunrise: 06:29 Sunset: 06:17 H Simultaneously published from Hyderabad | Warangal | Tirupati | Amaravati | Visakhapatnam | Khammam | Kurnool | Delhi H YSRC conducts EMIs set to go up as SBI, ‘Collectorate Muttadi’ PNB hike rates Y P5 WINDOWS Blow to Trump as Hope Hicks quits Washington: Hope Hicks, one of Donald Trump's longest-serving and trusted aides, on Thursday announced her resignation as the powerful communications director, in a major blow to the US President and the embattled White House amidst the intensifying inquiry into alleged Russian meddling in the 2016 election. The 29year-old former model, though considered a political novice, was known as one of the few aides of Trump who understood his style and could influence his views. Her surprise resignation came a day after she testified before the House Intelligence Committee she testified for eight hours on allegations related to the Russian interference during the presidential campaign. S P8 SR Congress Party held state-wide ‘Collectorate Muttadi’ (siege of collectorates) in all 13 districts demanding Special Category Status (SCS) to Andhra Pradesh. T he largest lender SBI, largest pvt lender ICICI Bank and scam-hit PNB on Thursday announced hike in their lending rates with immediate effect. SBI raised its lending rates by 0.20 percentage point (20 basis points) to 8.15 per cent, setting the tone for the industry to follow suit Law to impound properties of Nirav Modi-type cases New Delhi: In a bid to tighten noose around fugitives like diamond merchant Nirav Modi and Vijay Mallya, the Cabinet on Thursday approved the Fugitive Economic Offenders Bill that provides for conﬁscating all assets of absconding fraudsters and loan defaulters. The proposed law aims to impound and sell assets of Nirav Modi-type escapees with a view to recovering dues quickly. The law will apply to defaulters who have an outstanding of Rs 100 crore or more and have escaped from the country. Finance Minister Arun Jaitley said the Bill, which will be taken to Parliament for approval in the second half of the Budget session beginning March 5, deﬁnes a fugitive offender as someone against whom a court has issued an arrest warrant for a scheduled offence and who leaves or has left India so as to avoid criminal prosecution, or refuses to return to India to face trial. The new law is differ- UNION CABINET NOD FOR NAFRA New Delhi: The Union Cabinet on Thursday approved the setting up of the National Financial Reporting Authority (Nafra) as envisaged in the Companies Act, 2013, to function as an independent regulator for the auditing profession, Finance and Corporate Affairs Minister Arun Jaitley told reporters here. The new authority is aimed at regulating erring auditors. Under first instance, auditors of all listed companies and unlisted large companies will be covered under Nafra. The Fugitive Economic Oﬀenders Bill deﬁnes a fugitive oﬀender as someone against whom a court has issued an arrest warrant for a scheduled oﬀence and who leaves or has left India so as to avoid criminal prosecution, or refuses to return to India to face trial ent from the Prevention of Money Laundering Act, which also provides for conﬁscation of assets of economic offenders, he said. Under PMLA, only proﬁt of crime is conﬁscated and that too upon conviction. The new law extends to all assets irrespective of whether it is acquired as a result of crime or not, he said. "This is triggered by the offender being a fugitive". "A trial of fugitive will never be complete," he said, reasoning why conﬁscation of assets has been provided for. The new law will apply "the moment warrant is issued (and) the court decides the man is not submitting," he added. The law, though it was announced in the Budget for 201718, has been hastened after Nirav Modi and his uncle Mehul Choksi allegedly defrauded state-owned Punjab National Bank (PNB) of Rs 12,700 crore and left the country and are refusing to cooperate with law enforcement agencies. Continued on Page 4 Tata-Boeing’s Apache unit takes off Makes fuselages for AH-64 Apache helicopter; Customers include US Army BUSINESS BUREAU Hyderabad: Tata-Boeing Aerospace (TBAL), a joint venture between Boeing and Tata Advanced Systems (TASL), on Thursday inaugurated its facility to co-produce fuselages for the AH-64 Apache helicopter here. The roll out of the ﬁrst fuselage is expected this year. Defence minister Nirmala Sitharaman and Telangana Minister for Industries and IT, KT Rama Rao inaugurated the facility located in Adibhatla near to the city. Spread over 14,000-square metres and employing 350 highly skilled workers, the facility will be the sole global producer of fuselages for AH-64 Apache helicopter delivered by Boeing to its global customers including the US Army, according to a joint press release from Tata and Boeing said. The Tata-Boeing facility will also produce secondary structures and vertical spar boxes of this multi-role combat helicopter. The delivery of the first fuselage is expected in 2018, it added. Speaking on the occasion, Sitharaman said: “I congratulate Tata and Boeing for making Apache fuselages with zero defect. TBAL made substantial investment in the defence space. After May 2014, there has been a great push to revive manufacturing.” TBAL, Boeing’s ﬁrst equity JV in India, is the result of a 2015 partnership agreement with TASL. Construction of the manufacturing facility began in 2016 and was completed within the scheduled time frame. Continued on Page 4 P9 SURVEY IMPACT KCR IN HUNT FOR NEW FACES Bleak chances for 50% MLAs OUR BUREAU Hyderabad: Stunned by the survey results which clearly indicate that TRS might lose more than 50 per cent of 62 Assembly seats it has won in 2014 in the next election, TRS supremo K Chandrasekhar Rao has begun the exercise of ﬁnding new faces and creating a strong alternative leadership in Assembly segments where the winning prospects of the opposition Congress are brighter. The reports have made it clear that the Pink party is struggling in many Assembly constituencies with weak leadership, mainly in the erstwhile Nalgonda, Khammam, Mah- (From left) Pratyush Kumar, President, Boeing India, Ratan N. Tata, Chairman Emeritus, Tata Sons, Kenneth Juster, US Ambassador to India, Leanne Caret, President & CEO, Boeing Defence, Space & Security, Nirmala Sitharaman, Defence Minister, and Telangana Industry Minister KT Rama Rao at the inauguration of Tata Boeing Aerospace Apache fuselage facility in Hyderabad on Thursday KCR’s remark widens TS, Centre divide: Nirmala We cannot respond in equal breath, says Defence Minister OUR BUREAU Hyderabad: Telangana Chief Minister K Chandrasekhar Rao’s recent outburst against Prime Minister Narendra Modi appear to have widened the divide between the state and the centre further. Union Defence Minister Nirmala Sitharaman who took serious exception to the "ill-bread" remarks of KCR on the Prime Minister, is now seeking an apology from the Chief Minister. "I have made this point very clear to IT Minister K T Rama Rao yesterday. I told him that it may not be appropriate for me to attend the inauguration of the facility set up by Boeing and Tatas at Adibhotla near here when the Chief Minister of the state had made “illbred” remarks against the Prime Minister," Sitharaman said. Addressing media persons at the party office here on Thursday, she said that the offices of the Prime Minister and those of the chief ministers are constitutional positions. If there are any ideological differences and one wishes to criticise the other, there is a way to do it. We have been in public life for a long time and we know how even the ideological differences should be expressed. But, the way KCR spoke is something we cannot respond in equal breath, she said. "Referring to Prime Minister in 'Eka Vachanam' was not appropriate. It pained all of us and the country," she said. The Defence Minister said that she attended the inaugural ceremony of the aerospace facility as it came to production stage within two years after Manohar Parrikar, as Defence Minister, attended the ‘Ayurveda’ eggs make a mark in the market While an egg is sold at `22.50, chicken is sold at `480 a kg ADAPA APPARAO Ravulapalem(East Godavari ): Some time ago, when an egg was sold for Rs 7 and above its normal price of Rs 4, the consumers had sun stroke. But, the eggs produced by a hatchery here sell at Rs 22.50 each! Incredible, but true!! Chicken of hens laying ayur eggs is sold at Rs 480 a kg, compared to Rs 200 of normal chicken; the price of kilo mutton. Moreover, the people have craze forhavingitontheirplatebecauseof nutritionalvalueandmedicinalproperties of the egg, which is hatched by hens fed on nutritional ayurvedic food. The hatchery expanded its producttoalltownsandcitiesinTelugu states and also to Bengaluru. Evenatexorbitantprice,theeggsare being sold like the proverbial hotcakes.Insharpcontrasttothenormal eggs which are white in colour, the egg produced by Soubhagya hatcheries is pink coloured. In poultry farms, the birds are injected steroids, hormones and anti-biotics. The owners keep costs low with the proﬁt motive. Their feed mostly consists of non-vegetarian food besides maize and soya. But the Soubhagya hatcheries poultry birds are fed with nutrition-rich ayurvedic food. Even if an egg were to be sold at Rs 4 each the poultry owners become rich. If it were to be sold at Rs 22.50 a piece, how the poultry owner would become rich is unimaginable. Hens laying the ayur egg are fed with garlic, turmeric and a mixture comprising 40 ayurvedic herbs. Owner of Soubhagya group Chandra Reddy conducted intensive research for about six years to produce ayur egg in his farm. Growing children should eat egg to have strong bones, sharp intelligence, good immunity, eagle’s eyesight and strong immunity. Moreover, they protect children from anaemia and nutritional deﬁciency. Among the aged, the eggs halts cell decaying rate and keeping the old age signs away. Moreover, the nail and hair growth would be very healthy. They help reduce obesity and improve the sperm count. Chandra Reddy produced ayur eggs which are rich in omega-3 fatty acids, carotanoids, vitamin D-3, Vitamin E and iron. Continued on Page 4 bubnagar, Ranga Reddy and parts of Nizamabad and Adilabad districts. The survey also conﬁrmed many ministers hailing from Nalgonda, Adilabad and Mahbubnagar have been facing tough time to get elected again in 2019 hustings for consecutive time. For instance, Energy Minister G Jagadish Reddy stood last among 62 members to win again from the Suryapet Assembly constituency in the survey. It is learnt that KCR has identiﬁed BJP leader Sankineni Venkateswara Rao as the right alternative for TRS. It was KCR's popularity alone that had helped in winning Suryapet Assembly segment in last elections. Continued on Page 4 groundbreaking ceremony as part of the Make In India programme. She said that when she called KTR on Wednesday, the IT minister who was in Nalgonda, said that the Chief Minister's harsh and impolite words were probably the result of his slip of tongue. I raised the issue today again when I shared the dais with him," she said. The Defence Minister pointed out that even if the objectionable and indecent language was the result of the slip of tongue, the Chief Minister should have admitted it and apologised. No screening of films in 5 states from today BVS PRAKASH Hyderabad: It has been more than a decade, when bigwigs of Telugu, Tamil, Kannada and Malayalam ﬁlm industries have shown unity and resolved to down shutters of 5,000-odd theatres across ﬁve southern states from March 2. "Every ﬁlmmaker has suffered in the hands of Digital Service Providers for the last ﬁve years and this unity shows the strength of producers, exhibitors and distributors of ﬁve states," says Ravi Kottarakara of South Indian Film Chamber of Commerce. Elaborating further, leading producer and exhibitor Suresh Babu adds "Actually, these monopolistic digital service providers are killing regional cinema. They are charging southern filmmakers more than Hindi and English films, which has to end at all costs. They keep collecting instalments from exhibitors for projectors even after five years, although the cost is recovered. Exorbitant rentals of Rs 28,000 per week per theatre and downloading charges of Rs 11,800 per week even for a small film, has made digital service providers rich and richer. Continued on Page 4
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