OPINION, P2 MIND & GAMES Many botanists argued that humans must have carried the staple to the Pacific from South America. Not so, according to a new study Page 10 Will government wreck federalism? IDEA EXCHANGE ‘No mafia in CBSE leaks... just stray incidents of papers being stolen. Technology can check this’ Page 4 ALL BY ITSELF, THE HUMBLE SWEET POTATO COLONISED THE WORLD ACROSSTHEAISLE , P CHIDAMBARAM Vol XVII No 25 Anil Swarup Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM BACK PAGE MARYKOM WINS GOLD NEW DELHI SUNDAY, APRIL 15, 2018 16 Pages, `10 (Patna `11, Raipur `10) SPOTLIGHT PRISON WITHOUT BARS With the Supreme Court directing the Centre to set up more open prisons in the country, these facilities have come into the spotlight. And why not? With the aim to reform, rehabilitate and reintegrate convicts into society, these minimum-security prisons can catalyse great change Pages 8-9 WORDSWORTH ‘WRITING AGAIN WAS LIKE REDISCOVERING MYSELF’ Tamil author Perumal Murugan, who has returned to writing with a new novel, Poonachi: Or the Story of a Black Goat, speaks about protests around his books and freedom of expression Page 5 LEISURE FRENCH WEDDING MADE IN INDIA Gone are the days when Indian fabrics were the mainstay of just the Indian wedding trousseau. From Banarasi silks to brocades, these fabrics have today taken to the runways of Paris, redefining global wedding couture Page 7 FINANCIALEXPRESS ON SUNDAY READ TO LEAD PUBLISHED FROM:AHMEDABAD, BENGALURU, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI, NEW DELHI, PUNE INSOLVENCY PROCEEDINGS IBBI fines Electrosteel resolution professional This is first instance of the insolvency & bankruptcy board pulling up an RP MITHUN DASGUPTA Kolkata, April 14 THE INSOLVENCY AND BankruptcyBoard of India (IBBI) has imposedamonetarypenaltyon theresolutionprofessional(RP) of insolvent Electrosteel Steels for “failure to consider” the claimofanoperationalcreditor, and also for “disregarding” repeated requests of the Board foraresponseonthecomplaint. Passing an order, dated April 13,the bankruptcyboard imposed the penalty, which is equal to one-tenth of the total fee payable to DhaivatAnjaria, apartneratPwC,astheIRPand the RP in the corporate insolvencyresolutionprocessofthe bankrupt steel maker. National Sales, an opera- tional creditor of Electrosteel Steels, had submitted a complaint to the Board, seeking a direction under the norms of Insolvency and Bankruptcy Code (IBC) to Anjaria after he allegedly“failedandneglected” to consider its claim. “Failure to consider a claim not only deprives the claimant of his rights, but also deprives the potential resolution applicants to have complete information required to submit a complete resolution plan. While implementing the resolution plan, if the resolution applicantdiscoversaliabilityto a claimant which has not been factoredintotheplan,theresolution plan will be frustrated.” Continued on Page 11 QuickPicks US adds India to currency watch list as forex buying up THE US HAS added India to the currency practices and macroeconomic policies monitoring list, saying New Delhi increased its purchase of foreign exchange over the first three quarters of 2017 which does not appear necessary, reports PTI. India is the sixth addition to the watch list which comprises China, Japan, South Korea, Germany and Switzerland. “India increased its purchase of foreign exchange over the first three quarters of 2017. Despite a sharp drop-off in purchase in the fourth quarter, net annual purchase of foreign exchange reached $56 billion in 2017, or 2.2% of the GDP,” the US department of treasury said in its semi-annual report. The pick-up in purchases came amidst relatively strong foreign inflows — foreign direct investment and portfolio investment. Notwithstanding the increase in intervention, the rupee appreciated by more than 6% against the dollar, and by more than 3% on a real effective basis in 2017, it noted. ODD & EVEN ROHNIT PHORE Former CMD of UCO Bank booked in `621-crore cheating case Arun Kaul PRESS TRUST OF INDIA New Delhi, April 14 THE CBI HAS BOOKED former CMD of UCO Bank Arun Kaul and others for allegedly cheating the bank to the tune of `621 crore, officials said on Saturday. The agency is carrying out searches at 10 locations — eight of them in Delhi and two in Mumbai — in this connection,theysaid. It was alleged that the accused persons defrauded UCOBanktothetuneofapproximately`621crorebydiversion andsiphoningofthebankloans, they said. Besides Kaul, others booked by the CBI are Era Engineering Infra India (M/s EEIL), its CMD Hem Singh Bharana; two chartered accountants Pankaj Jain and Vandna Sharda and Pawan Bansal of M/sAltius Finserve,and others. Strikes on Syria Damascus skies erupt with service-to-air missile fire, as the US, British and French forces struck Syria with more than 100 missiles early on Saturday in the first coordinated Western strikes against the Damascus government, targeting what they said were chemical weapons sites in retaliation for a suspected poison gas attack. There were no immediate reports of casualties AP Reports on Page 11 Now, Niti to screen all GoI consultants SAURABH KUMAR New Delhi, April 14 HIRING CONSULTANTS—INDIVIDUALS or firms—by govern- ment departments is not new, but the Prime Minister’s Office (PMO) thinks all is notwellwith this practice. Nudged by the PMO, government think-tank Niti Aayog has written to all ministries and departments to submit a database of consultants working with them and state how these postings don’t result in‘conflicts of interest’. “Niti Aayog has received a note from the principal secretary to the Prime Minister of India regarding conflict of interest of consultantsworking for Government of India. It has been suggested that given the rising number of consultants being employed by every ministry, there is a need to streamline data pertaining to such appointments,”reads the letter sent byNitiAayog to all government departments. The move comes at a time when Niti Aayog itself is hiring external consultants to bring in talent to strengthen its work- Govt wants to ensure none have any ‘conflict of interest’ in their positions force.Apartfromhiringindividuals—some at zero pay — it has alsotakenon-boardconsultancy firmssuchasBostonConsulting Group, EY, IPE Global and McKinsey for various projects depending on theirexpertise. Niti Aayog, which replaced the erstwhile Planning Commission and has been assigned the responsibilityforpreparing long-term vision for the country, plans to create a pool of experts who can be on deputationoroncontracts.Theexperts can be deployed as advisers, deputy advisers, joint advisers, New primary health scheme for all ills PM launches Ayushman Bharat scheme, centres to open in 1.5 lakh villages by 2022 PRESS TRUST OF INDIA Jangala (Bijapur), April 14 PRIME MINISTER NARENDRA MODI said Saturday that BR Ambedkar had made provisions in the Constitution for protection of the rights of backward classes. Modiassertedthatawakening among poorand backward sections about theirrights and aspirationswas due toAmbedkarand also attributed his own success to the Dalit icon and Wins first boxing gold at CWG; first Indian woman to win Page 16 Prime Minister Narendra Modi, flanked by Chhattisgarh chief minister Raman Singh (left) and Union health minister JP Nadda, launches the Ayushman Bharat scheme, in Bijapur, Chhattisgarh, on Saturday PIB framer of the Constitution. “Son of a poor mother like me, hailing from a very backward section of society, could become prime minister due to BabasahebAmbedkar,”he said. After launching of the first phase of theAyushman Bharat scheme, he said his government was focusing on a new approach forthe development of the poor. “Babasaheb has given us the Constitution. He ensured protection of your rights...Itisthedutyofthegovernment to take care of your rights. You need not pick up weapons...ruin your lives,” he told a gathering at Bijapur in Chhattisgarh. The Ayushman Bharat scheme aims to work on the development and upgrade of sub-centres and primary health centres in 1.5 lakh villages. He said these primary healthcare centres will be developed as health and wellness centres by 2022. These centres will be equipped to treat a host of diseases,including blood pressure, diabetes, cancer and old-age illnesses. ThePMsaidhisgovernment wasworkingwithnewideasfor the development of 115 backward districts of the country,as he asked each district to come up with its own model of developmentaccordingtotheir availableresources.“Asmanyas 115 backward districts in the countrywillbegivenpriorityin theAyushmanBharatscheme,” Modi said.“We can’t reach new destinations bytreading on old paths. New models of development need to be chalked out and the Centre has been working in these areas,”he said. The PM said the Gram Swaraj Yojana, which was also launched on Saturday, would focus on welfare of the poor, Dalits, tribals, women and backward sections of society. Continued on Page 11 senior advisers,senior research officers or economic officers. Most government departments also hire consultants either specifically for a project or for general brainstorming. However,this autonomy of hiring consultants individually by government departments is set to go. “Further, it has been proposed Niti Aayog will be made the coordinating body for consultants in ministries, departmentsandinstitutionsentirely funded by the Government of India and it be made mandatory for all such entities that hireconsultantstoNitiAayogto reportdata,”addstheletter.This would essentially mean that all ministries will have to go through the think-tank for hiring consultants. In addition, all consultants will require to submit a selfdeclaration form, as specified by Niti Aayog, which will, besides personal details and photograph, require consultants to state if in anywaybeing a consultant for the Government of India leads to any'conflict of interest'. Jet SVP Edward Davidson resigns MANISHA SINGHAL Mumbai, April 14 AS IFTHE pilot unrest itwas facingwasnotenough,JetAirways' recently appointed seniorvicepresidentEdwardDavidsonhas resigned.Davidson,an aviation veteran of 40 years, joined in February this year and was specifically roped in by Jet at a time when the airline is not only facing massive pilot unrest,but is also trying to hire extensively as it expands its fleet and adds a new aircraft, the Boeing 737-Max.Davidson was given a mandate to get the airline’s flight operations on track and get the nearly 2,000 pilotsattheairlinealignedwith the management. Jet did not respond to a query by FE on the resignation, but sources in the airline confirmed the news. It is believed that there is a notice period of aboutthreemonthsthatDavidson will have to serve.“It seems that there were major differences between Jet’s top brass and Davidson about how flight operations at the airline are to be managed and what is the way forward,”said sources. The news will definitely send wrong signals in the market, as Jet goes about hiring nearly 400 pilots. In a recent mail addressed to Jet’s Boeing 737 pilot fleet to allay their grievances,as reported byFE on March 16, Davidson talked about some fundamental changes that he was about to bring in flight training, reassessment of the training programme, professionalism, training capabilities and standardisation.“This is being done with a view to ensuring both regulatory compliance and maintenance of the highest quality. You deserve nothing less as professional aviators,” he had stated. Drones replacing reporters? News companies using technology like AI, drones, VR, etc SHINMIN BALI Mumbai, April 14 WITH EMERGING TECHNOLOGIES and theirvaried commer- cial applications, various industries are transforming how they do business. The same can be said about the news media industry,which is in a learning phase as it attempts to use drones,virtual reality,socialmedianewsgathering, augmented reality, artificial intelligence and more. And news companies have been relatively quick on the uptake. Though drones are just one of the ‘newer' ways to gather news or disseminate it,the use ofvirtualreality(VR),gathering via social media, curated content for digital-only consumption and robo-journalism are just some of the broadermethods that are transforming the business of news. The global digital video team at CNN Digital usesVRin the field when covering major news events, and produces packages in stunning 360 degree video, transporting users to the front rowof global events as part of their toolbox of reporting tools. Greg Agvent, senior director, CNN Aerial Imagery and Reporting, shares that drone-produced aerialimagerycanaddcontext, perspective and understanding to a news event — and can also enhance storytelling and improve production value. Continued on Page 11 ON TUESDAY ‘THE MODERN DAY NEWS HUNT’
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