04022023-TTC-01.qxd 2/4/2023 12:41 AM Page 1 13 CHANDIGARH | GURUGRAM | JALANDHAR | BATHINDA | VOL. 7 NO. 34 | 26 PAGES | ~7.00 | REGD. NO. CHD/0006/2021-2023 ESTABLISHED IN 1881 CHINESE ‘SPY’ BALLOON IN US AIRSPACE, BEIJING APOLOGISES WORLD /thetribunechd SBI Q3 NET PROFIT JUMPS 62% TO ~15,477 CR BUSINESS JAISH MODULE BUSTED IN KULGAM, 6 ULTRAS ARRESTED J&K PAK ATTENDS INDIA-HOSTED MEET ON DERADICALISATION BACK PAGE saturday | 4 february 2023 /thetribunechd www.tribuneindia.com Signs of thaw, govt says 5 more SC judges soon Amid RBI assurance, Adani Group’s value halves Satya Prakash Banking sector resilient, says Reserve Bank | Markets well-governed & in prime condition: FM Tribune News Service Tribune News Service New Delhi, February 3 Signalling a thaw in the ongoing standoff over the appointment of judges, the Centre on Friday told the Supreme Court that the new appointments of judges to the top court would be notified soon. The assurance was given by Attorney General R Venkataramani to a Bench led by Justice SK Kaul during the hearing of a PIL filed by Advocates’ Association, Bengaluru, alleging “wilful disobedience” of the time frame laid down by the top court on April 20, 2021, to facilitate the timely appointment of judges. There are two sets of recommendations made by the Collegium led by CJI DY Chandrachud on December 13 and January 31 for the appointment of five and two judges to the Supreme Court, respectively. The AG’s assurance related to the December 13 recommendation. Taking exception to the Centre sitting over the Collegium’s recommendations for the appointment and transfer of judges, the Bench warned it of judicial and administrative action continued on page 7 WESTERN RATINGS MIXED New Delhi, February 3 Union Finance Minister Nirmala Sitharaman and the Reserve Bank of India have assured that the country’s stock markets and the banking system were well-regulated and resilient following concerns over the unabated crash in stocks of Adani Group’s companies. “One instance, however much talked about globally, I would think is not going to be indicative of how well Indian financial markets have been governed,” Sitharaman said, referring to statements by government financial institutions about ■ S&P Dow Jones to remove Adani Enterprises from its sustainability indices ■ Moody’s fears Adani Group’s ability to raise capital can be hit ■ Fitch Ratings did not see any downside to Adani stock rout NO LOANS AGAINST SHARES ■ State Bank of India says its exposure to Adani Group is a fraction of its total lending ■ SBI Chairman says the bank hasn’t given any loans against shares to Adani Group their limited exposure to the Adani Group. “I think the investor confidence which existed before shall continue IN BRIEF Saradha: Assets of Chidambaram’s wife attached NEW DELHI: The ED has attached assets worth more than ~6 crore of Congress leader P Chidambaram’s wife Nalini and other alleged beneficiaries in the Saradha money laundering case. BACK PAGE Cong suspends Preneet for ‘anti-party activities’ NEW DELHI: The Congress on Friday suspended party’s Lok Sabha MP from Patiala Preneet Kaur and asked her to explain within three days why she should not be expelled for “anti-party activities”. INSIDE Plane returns to Abu Dhabi after fire in engine NEW DELHI: An Air India Express flight from Abu Dhabi to Kerala’s Today’s issue is of 26 pages, including four-page Jalandhar Tribune. Kozhikode was forced to return shortly after taking off because of a ‘flameout’ in an engine while the plane was climbing. BACK PAGE SENSEX ZOOMS 909.64 POINTS HEAVY BUYING IN BANKING STOCKS CLOSES AT 60,841.88 ■ The NSE Nifty jumped 243.65 points to end at 17,854.05 ■ Titan, Bajaj Finance, HDFC Bank, HDFC, SBI, M&M were among the major winners NOISY SCENES ■ Oppn members stall Parliament proceedings for second straight day, raise slogans ■ Members who trooped inside the well of the House will be ‘dealt with’, says RS Chairman Dhankhar SBI’s overall exposure to Adani Group ~27,000 cr: Chairman STORM IN TEA CUP: FIN SECY even now…. The financial markets are well-governed and in prime condition,” she said in a TV interview. The Reserve Bank issued a statement, assuring that banks were in compliance with the Large Exposure Logjam in Parliament New Delhi: Logjam in Parliament continued for the second day as proceedings in both Houses were adjourned till Monday without transacting substantial business amid a ruckus by Opposition MPs demanding a JPC probe into the fraud allegation-triggered fall of Adani Group’s stocks. In the Rajya Sabha, Chairman Jagdeep Dhankhar rejected 15 adjournment notices filed by Opposition members. INSIDE Framework guidelines and their critical parameters like asset quality and provision coverage remain. The RBI said it was vigilant and continued to monitor the stability of the banking sector. “The banking sector remains resilient and stable. Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy,” it added. On the other hand, western analysts were mixed in their assessment with Moody’s stating the present circumstances could hurt the Adani Group’s ability to raise capital and S&P Dow Jones Indices removing its flagship Adani Enterprises from its sustainability indices “following a media and stakeholder continued on page 7 Cracks appear in Doda post landslides 250 evacuated| 19 houses, mosque, madrasa declared unsafe Arjun Sharma Jammu, February 3 Wide cracks have started to appear on roads and walls of houses in Thathri in Doda district of Jammu and Kashmir, forcing the administration to evacuate over 250 persons. While minor cracks surfaced in Nai Basti in Thathri a month ago, the situation A crack in a house at Nai Basti, Doda. turned grim when the area witnessed landslides over the past four days. The cracks are reminiscent of a similar crisis in Uttarakhand’s Joshimath where the state government has been demolishing several houses and hotels after declaring them unsafe. A total of 19 houses, a mosque and a madrasa were declared unsafe by the administration and teams of experts, including the Geological Survey of continued on page 7 VAT UP 90 PAISE, FUEL DEARER IN PUNJAB Aimed at generating additional revenue, the Punjab Government has decided to impose an additional duty of 90 paise per litre on VAT on both petrol and diesel. The decision was taken at a Cabinet meeting. INSIDE Vision loss cases, Indian drug firm recalls eye drop New Delhi, February 3 Indian firm Global Pharma Healthcare is voluntarily recalling all lots of its artificial tears and lubricant eye drops after 55 adverse events, including one death and cases of permanent blindness, were reported in the US, American drug regulator USFDA said in a statement on Friday. Brand named EziCare and Delsam Pharma, the eye drops in question — Artificial Tears Lubricant Eye Drops — are being distributed by EzriCare, LLC and Delsam Pharma. The recall has been attributed to possible microbial contamination. In its product recall update today, the US Food and Drugs Administration (FDA), the country’s apex drug regulator, said the development followed an alert by the Centers for Disease Control and continued on page 7
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