15TT01A.qxd 9/15/2012 1:33 AM Page 1 The Tribune VOICE OF THE PEOPLE Vol. 132 No. 256 Late City Edition SATURDAY REVIEW ❙ Allows 51% FDI in multi-brand retail, 49% in aviation ❙ Sale of equity in four PSUs cleared ❙ Key ally TMC, Opposition furious KV PRASAD/TNS NEW DELHI, SEPTEMBER 14 The Tribune brings you three movie reviews, including the much-awaited Barfi, on the Op-Ed page P13 THE TRIBUNE TRENDS ❙ Timeless timekeepers The niche demand for clocks can be seen at auction houses where antique masterpieces fetch a fortune ❙ The Toon man REAL ESTATE Tale of two ‘cities’ Baddi in Himachal and Mullanpur in Punjab are the two areas that were projected as bright realty destinations by the respective state governments. While one has been on the block for a few years, the other is the rising star. A look at the realty fortunes of these two areas Today’s issue is of 54 pages, including four-page The Tribune Trends, four-page Real Estate, 14-page Chandigarh Tribune and eight-page Life+Style (Part I & II). 54 pages ` 4 Govt goes ahead with ‘big bang’ reforms In a clear attempt to shrug off its “policy paralysis” image, the UPA Government today re-started the process of bigticket reforms, allowing foreign direct investment in the controversial multi-brand retail trading and aviation, enhancing foreign investment in broadcasting sector, diluting local sourcing condition for single-brand product retailing and off-loading a portion of its shares in four public sector undertakings. Shrill protests from UPA partner Trinamool Congress and the Opposition Left, notwithstanding, the Prime Minister emphasised these steps were taken to boost economic growth and attract foreign investment and sought support for the measures. "The Cabinet has taken many decisions today to bolster economic growth and make India a more attractive destination for foreign investment. I believe that these steps will help strengthen our growth process and generate employment in these difficult times. I urge all segments of public opinion to support the steps we have taken in national interest,'' Dr Singh said. Union Commerce and Industries Minister Anand Sharma insisted the Centre made an enabling policy of FDI in multi-brand retailing with the states having the choice to implement it or not. While Anand Sharma chose to criticise the Left for having "ideological blinkers on any forward looking'' policy, AVIATION SECTOR OPENS UP ❚ ❚ ❚ ❚ ❚ Scheduled operator’s permit can be granted only to a company registered and with principal place of business in India ❚ Chairman and at least two-thirds of ❚ directors should be Indians RETAIL PIE GETS BIGGER Opening up of the $400 billion retail sector will allow ❚ Foreign nationals should be cleared for security P21 global giants such as Walmart and Carrefour to open shop in India and generate jobs and revenue for govt MORE FDI IN ❚ States that do not favour 51% FDI in retail free not BROADCASTING to implement the policy ❚ Cap raised from 49% to 74% Foreign retailers would have to invest at least $100 ❚ For television news channels, FM ❚ million, half of it in rural areas radio and content providers, the In urban areas, they will be allowed to open stores in limit will stay at 26% P21 cities with a population of over 10 lakh P21 “ “ WHY DISINVESTMENT The four PSUs in which the govt will sell its stake are Hindustan Copper, Oil India, MMTC and Nalco. This will fetch around `15,000 cr Govt could raise only `14,000 crore from disinvestment in the last fiscal Raising funds is necessary to check fiscal deficit, under pressure from rising food, fuel and fertiliser subsidy bills The time for big bang reforms has come. If we have to go down, we have to go down fighting Let us not confuse consensus with unanimity. For unanimity we will have to wait till eternity — Manmohan Singh, Prime Minister — Anand Sharma, Commerce Minister “ SPECIAL “ SATURDAY Chandigarh New Delhi Jalandhar Bathinda Saturday, September 15, 2012 www.tribuneindia.com neither Kerala, a state where the Congress-led UDF is in the government, shared the enthusiasm nor did the governments of Bihar, Karnataka, Madhya Pradesh, Tripura and Odisha. Sources privy to proceedings in the Cabinet said even Ministers from Kerala preferred not to participate in the discussion on the issue while TMC representative Mukul Roy was conspicuous by his absence. Sharma said he had personally spoken to TMC chief Mamata Banerjee on the subject but did not elaborating upon her response. The UPA Government was forced to put its November 2011 decision on multi-brand Continued on page 8 Edit: A bold move Mamata’s deadline P2 Hoshiarpur boy’s killers to be hanged on Oct 5 Stay on Delhi-Gurgaon e-way toll collection to continue SANJEEV SINGH BARIANA/TNS CHANDIGARH, SEPTEMBER 14 Hoshiarpur District and Sessions Judge GK Dheer has ordered issuance of death warrants of Jasbir Singh and Vikram Walia, convicted of kidnapping and murdering 16-year-old Abhi Verma alias Harry, the son of a jeweller, in Hoshiarpur in 2005. The court has ordered that the death penalty be exe- CASE FILE ❚ February 14, 2005: Jasbir Singh and Vikram Walia kidnap Abhi Verma (pic) alias Harry, a Class IX student of Hoshiarpur’s DAV School ❚ Jasbir’s wife, Sonia — who was Abhi’s tutor — was also part of the conspiracy ❚ Abhi was on his way to school when the accused offered him a lift in their car and kidnapped him ❚ They demanded a ransom of Rs 50 lakh from Abhi’s family ❚ Abhi’s body was found about 20 km from Hoshiarpur the next day cuted on October 5 at 9 am in a Patiala jail where the convicted are currently lodged. Jasbir Singh’s wife, Sonia will serve a life term. The order follows filing of an application by advocate Maninder Pal, who represents Abhi’s father Ravi Verma. Maninder Pal said, “The death penalty was confirmed by the Supreme Court in January 2010. However, the sentence was not carried out, forcing us to approach the court again. We had argued that death penalty Continued on page 8 RAJINDER NAGARKOTI/TNS CHANDIGARH, SEPTEMBER 14 The Punjab and Haryana High Court today refused to to vacate the stay on collection of toll on the Delhi-Gurgaon Expressway. The High Court pulled up the Municipal Corporation Delhi (MCD) for not paying attention to the problems faced by commuters using the expressway. It also told the concessionaire — Delhi Gurgaon Super Connectivity Limited (DGSCL) — to find out a practical solution to the traffic snarls on the expressway. The MCD’s counsel moved the High Court to vacate the stay. The counsel told the division bench bench of acting Chief Justice Jasbir Singh and Justice Rakesh Kumar that in the absence of toll collection, the MCD was suffering a loss of Rs 20 lakh a day. The court rejected the request to vacate the stay and deferred the hearing to September 17. Continued on page 8
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