AHMEDABAD | TUESDAY, FEBRUARY 3, 2015 | PAGES 24 | PRICE .` 3.

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OF

CLARKE BATS AWAY RIFT,

SAYS HE IS READY TO
PLAY UNDER SMITH 14

AHMEDABAD TIMES (FOR AHMEDABAD

AND

GANDHINAGAR CITIES ONLY)

EX-IMF HEAD STRAUSS-KAHNS

SEX OFFENCE TRIAL
BEGINS IN FRANCE 11

RAJAN WARNS AGAINST

COMPROMISING INDIA'S
INTERESTS FOR FDI 13

AAPs breakaway group exposes Adani scrip on

fire, adds $3bn
dodgy donations, alleges laundering mkt cap in Jan
`2 Crore In A Day, Party

NEWS DIGEST

4 FIRMS WITH NO INCOME GAVE 50 LAKH EACH

Says Got It By Cheque

TIMES NEWS NETWORK

More than 3,000 flights were

cancelled on Monday as a
fresh winter storm dumped
snow, sleet and freezing
rain across the northeastern
United States P 11

New Delhi: The Delhi election campaign got uglier on

Monday with Aam Aadmi
Party breakaway volunteer
group AVAM (AAP Volunteer
Action Manch) accusing the
party of money laundering.
Basing its charge on details of

Govt to launch
own brand of AAP: Form SIT to
party funding
generic drugs probe
eacting to allegations of
From July 1, you can walk
up to the chemist and ask
for a Jan Aushadhi brand
for your medicine with the
government set to launch
its own brand to sell low
cost generic medicines.
The government will bulk
procure medicines from
public as well as private
drug manufacturing firms
and rebrand them under
Jan Aushadhi. P 9

JNNURM 2.0 to be
named after Vajpayee:
After conferring the highest civilian honour, Bharat
Ratna to Atal Bihari Vajpayee, the Narendra Modi
government is all set to
name its scheme to rejuvenate 500 cities and
towns after the first BJP
prime minister. This new
avatar of JNNURM, named
after Jawaharlal Nehru,
will now be known as Atal
Mission for Rejuvenation
and Urban Transformation
(AMRUT). P 9

money laundering, Aam

Aadmi Party called for the
setting up of a special
investigation team under the
Supreme Court to look into the
funding of all political parties.
Last week, Arvind Kejriwal had
warned that mud slinging will
be carried out against AAP. This
is exactly what is happening,
said party member Yogendra
Yadav, adding that AAP would
not have put fund details online
if it had anything to hide.

donations listed by AAP on

its website, AVAM alleged donations worth Rs 2 crore were
shown
from
companies
which have no resources to
make such donations.
The controversy, coming
five days before the assembly
election on February 7, had
rival BJP at AAPs throat ac-

cusing it of hypocrisy regarding its transparent mode

of funding. The Congress,
too, attacked AAP for its alleged double-speak and demanded an immediate probe
into the money trail.
Refusing to react directly
to the charge, senior AAP
members said the party has
accepted every payment by
cheque and asked for the donors PAN card. Beyond that,
it said, it didnt have the
wherewithal to check the
source of money. They added
that AAPs accounts have
been inspected twice by the
home ministry and nothing
wrong had been found with
them. It insisted that it had
nothing to hide and was open
to a probe by a special investigative team that is monitored
by the Supreme Court.
Still, it seemed odd that as
much as Rs 2 crore came into
its kitty in one day nine
months ago, and AAP leaders, including Arvind Kejriwal, who is a former IRS officer, didnt wake up to the
sudden flood of money. At the
same time, it might be argued
that if AAP indeed had something to hide, why would it
put it out in the open on the
net?
Continued on P 6
Related reports P 6

The Supreme Court on

Monday asked the NDA
government to spell out its
stand on Aadhaar card and
whether it wants to continue with the ambitious programme initiated by its
predecessor for giving
unique identification number to every resident
across the country. P 9

Netball player drowns

in Kerala: A 19-year-old
net ball player, Mayuresh
Pawar, from Maharashtra,
who was in Thiruvananthapuram to participate in
the 35th National Games,
drowned at Sanghumugham beach. Pawar who was
on his way to the games
village had a stopover at
the beach. Sources said he
was caught in the waves
while taking pictures. P 16

Swine flu death toll

hits 42 in Gujarat: A
team of senior officials
from the central government will visit Gujarat as
the number of swine flu
cases has mounted to 320
in the state in January, and
the toll has touched 42 in
that month. P 2

MARKET WATCH
SENSEX
60.68
11.5

BSE : 29,122.27
NSE: 8,797.40

WEATHER
Ahmedabad

31.3/13.1

............................

Vadodara

32.8/ 16.6

Rajkot

31.8/ 15.0

Times Classifieds | P 6

All the four companies existed even

before AAP was formed. At least three of
them have paid-up capital of 1 crore

4 companies, allegedly without any known

income, donated 50 lakh each to AAP on the
same day, same time April 5, 2014, 12am
AVAM, a breakaway AAP group, made the
disclosure and alleged this was a case of
money laundering. It claimed there were
31 more such dubious entities in the AAP
donor list and it would make fresh disclosures
One Hem Prakash Sharma is director in
3 of the 4 companies. He has been director or
additional director of 56
companies in recent years.
No default associated with
any of his companies

The directors were not found to be residing

at addresses mentioned in the ling with
RoC. Companies also dont operate from
the addresses led with RoC
The rms seem to be in breach of the law,
which says a company ought to have been
protable for three years before it can donate
to a party. They also appear to have violated
the stipulation that political donations
cant exceed 7.5% of a companys average
prot in the previous 3 years

SOME UNANSWERED QUESTIONS

If AAP used shell
companies to
launder money,
why should it put these
amounts on its website
voluntarily and that too
4 donations of 50 lakh
each, made at the same
time, raising suspicion?

Why didnt AAP wake up

to Rs 2 crore ooding its
account, when it says
that every donation over
10 lakh is approved by its
Public Accounts Committee?
AAP has nancially literate
leaders, and Kejriwal himself
is an ex-IRS ofcer

Dictatorial Kiran Bedis aide

quits party, then rejoins

JP campaign committee member Narendra

Tandon quit the party on Monday saying it had
become difficult to work with chief ministerial
candidate Kiran Bedi because of her dictatorial
attitude, but later withdrew his resignation after
meeting party chief Amit Shah. In his resignation,
Tandon claimed Bedis staff had insulted him
many times. He later said: There were some
issues, but now it is all settled. Party members
were quick to attack Tandon after his resignation,
saying his past record is not very impressive
and his exit wouldnt hit the partys campaign.

PAYMENT BANKS

Mumbai: Indias largest corporate

house, Reliance Industries, has managed to rope in the countrys largest
lender, State Bank of India, as its minority partner to head the list of applicants seeking a licence for setting up a
specialized bank.

war of words broke out between AAP and BJP

over an advertisement that the latter got
published in papers on Monday. The ad
caricatures Arvind Kejriwal, saying he is from a
gotra (sub-caste) of upadravi (rowdy) people.
Kejriwal, whose actual gotra is Agarwal,
demanded an apology from BJP. He lodged a
complaint with the Election Commission against
BJP, which filed a counter-case alleging AAP had
given a caste colour to the ad that showd Kejriwal
waving a broom at a marching contingent during
the Republic Day parade.

Continued on P 13
According to central banking
sources, over 70 applicants including
Aditya Birla group, Vodafone and Airtel have shown interest in setting up
either a payments bank or a small fi-

SMALL BANKS
h Offer all savings account-

govt bonds

raise a maximum of Rs 25 lakh

What deposits up to Rs 1 lakh, issue debit cards related services

They h Act as agents of larger banks for
h Half of their loans will have
Can Do lending. Own deposits to be invested in
to be to borrowers seeking to
Small merchants
will start accepting
payments
from a mobile
phone

nance bank. Monday was the last date

for applications.
The specialized banks are expect-

Saibal Dasgupta

TNN

Beijing: In a significant development, China and Russia on Monday decided to back

India for moving a proposal at the United
Nations that essentially goes against Pakistan on the issue of terrorism.
In order to corner Pakistan for sheltering and facilitating terrorists involved the
26/11 carnage and other attacks in the
country, India seeks to move a resolution in
the UN to punish those who shelter and finance terrorism. And on Monday, it enlisted the support of China and Russia for the
same. I see this as a major achievement,
external affairs minister Sushma Swaraj
told newsmen after a summit of the foreign
ministers of Russia, India and China (RIC).
This is a rare occasion when China, a
close ally of Pakistan, has taken a stand on
an issue that will rattle Islamabad. Beijings
move not only reflects importance it accords to New Delhi, but is also an acknowledgment of its own problem of terrorism in
Xinjiang. China has said that foreign
forces are helping terrorists in Xinjiang.
Continued on P 7

Financial inclusion
set to be broadened
Rural and lowincome customers
to get a boost

ed to change the banking landscape by

promoting digital payments, both for
money transfers and for payments.

China, Russia to back

pact against Pakistan

External affairs minister Sushma Swaraj

and Chinese President Xi Jinping on Monday

Obama tells China not

to fret over India ties

xpressing surprise over Chinas

reaction to his India visit, US President
Barack Obama has said that Beijing need
not feel threatened by his countrys
grow-ing relations with India even as he
warned that Chinas growth shouldnt be
at the expense of its neighbours. P 7

Vandals break into

church in S Delhi
New Delhi: Targeting yet another
Christian place of worship in the national capital, vandals broke into the
St Alphonsa Church in south Delhi
on Monday morning and fled with a
chalice kept on the altar after scattering its holy contents on the
ground.
Although police termed it a case
of burglary, church officials said it
was an act of vandalism as many
costly items, including the donation
box, were left untouched. This is the
fifth alleged attack on a church in
two months, starting with the burning of St Sebastians Church in east
Delhi on December 1. TNN P 6

Cash on delivery
for rail tickets too
New Delhi: Just like your shoes or hair
dryer, you can now order your train ticket to be sent home on cash-on-delivery
mode. For the first time, Indian Railway
Catering and Tourism Corporation
(IRCTC) is offering the cash-on-delivery
option for railway tickets bought online.
The service is aimed at targeting customers who are reluctant to use their
bank credit card or those who don't have
net-banking enabled bank account or
cards. TNN

90 lakh farmers in
Maha hit by drought
Mumbai: Two-thirds of Maharashtras
1.37 crore farmers nearly 90 lakh have
been severely hit by the drought that has
devastated the kharif crop, reports Priyanka Kakodkar. According to agriculture department data, Marathwada and Vidarbha have borne the brunt brought on by
a delayed and inadequate monsoon.
With the state declaring that 60% of the
villages (nearly 24,000) were facing a
drought-like condition there could be a
big fall in the states agricultural output. P9

UAE airlines fly almost as many Indians as desi ones

Saurabh Sinha
@timesgroup.com

New Delhi: The United Arab

Emirates (UAE) emerged as
the aviation hub for Indian
globetrotters in 2014. Two
Dubai-based airlines full
service Emirates and lowcost flydubai together flew
almost as many people in
and out of India last year as
Air India. Indias national
carrier flew just 2,696 people
more than Dubais airlines.
Directorate general of
civil aviation (DGCA) figures for 2014 show that the
three airlines of UAE

Emirates, Abu Dhabi-based

Etihad and flydubai flew
more people to and from India than any standalone Indian carrier. The pre-dominance of the Gulf carriers
is evident from the fact that
they top the charts for top
airlines in India in terms of
international market share
(see graphic).
The western world protects the interests of its airlines. UPA made India a feeder for Gulf airlines. These
airlines have access to all the
18 international airports in
India. They carry traffic
from even our relatively

BRIDGING THE GULF

Flyers in and out
of India in 2014

4.3cr

Top 10 Airlines*

1 Jet 55.6L 2 AI 49.8L

Indian carriers Gulf carriers* 3 Emirates 48.3L 4 AI Express

share: 1.5cr
share: 1.27cr 23.1L 5 Qatar Airways 18.5L
or 36%
6 Air Arabia 16.4L 7 Saudi
or 30%
(Source: DGCA. *Gulf carriers are:
Emirates, Qatar Airways, Air Arabia, Saudi
Arabian, Oman Airlines, Etihad, Gulf Air,
Kuwait Airways, flydubai and RAK Airways)

small towns to their hubs in

the Gulf and from there offer
them access to anywhere in
the world. Indian carriers,
on the other hand, are struggling to survive, said a se-

Arabian 14.9L 8 IndiGo 14.9L

9 Oman Airlines 12.3L
10 S'pore Airlines 12L (*By no. of flyers)
nior Indian carrier official.
In fact, Dubai last year
emerged as the busiest international airport in the world

dislodging
Londons
Heathrow for the first time

h Open accounts, maintain individual

They can look forward to

increased availability of
Consumer
digital payment options,
Benefits particularly under the
mobile platform

Did an AAP
rival put in this
money to make
it seem amenable to
corrupt practices?
If so, why didnt
the rival seek to
embarrass AAP prior
to the LS polls?

Arvind Kejriwal takes BJP

to EC over casteist ad

RIL-SBI in race for payment bank

TIMES NEWS NETWORK

SC asks Centre to clarify stand on Aadhaar:

WHATS THE CHARGE?

from that pedestal with

more than a little help from
Indian travellers. Dubai
handled 7 crore international flyers in 2014 compared to
Heathrows 6.8 crore as there
was an increase of 9.3 lakh
flyers to and from the India
subcontinent. The lions
share of this increase was
from India.
The Centre for Asia Pacific Aviation had recently said
that the weekly entitlements
for UAE carriers will increase to over 135,000 (weekly) seats by 2016.
Continued on P 13

AEL Up By
SCRIPT-ING
$1.6bn In Last GROWTH
5 Trading Days

Sensex (pts)

Kalpesh Damor
@timesgroup.com

AEL market cap*

Jan 1 53,780

Ahmedabad: The market

cap of Adani Enterprises
Ltd (AEL), the flagship company of Adani Group, jumped by a staggering Rs 10,300
crore ($1.66 billion) in last
five trading sessions starting January 27, to reach Rs
71,993.57 crore. The rise of
10,300 crore or 16.69% has
come at a time when the
sensex dipped 1.51%.
The cumulative market
capitalisation of all the
three listed companies of
Adani group AEL, APSEZ
and APL stood at Rs
1,56,306 crore on Monday.
Adani Port and SEZ (APSEZ) and Adani Power
(APL) market cap on Monday was Rs 69,450.23 crore
and Rs 14,862.20 crore, respectively.
In January, AELs mar-

Jan 27 61,693

29,571.04

71,994

29,122. 27

Feb 2

*in ` crore

27,507.54

ket cap has grown by Rs

18,213 crore (around $3
billion) or 33.86%. The company's market cap on January 1, stood at Rs 53,780
crore. On Monday, AEL's
share closed at Rs 654.60 on
BSE, up from Rs 560.95 on January 27 and Rs 489.20 on January 1.
Analysts attribute the recent corporate restructuring approved by AEL's board
for the substantial rise in
the company's share prices.
The board of AEL on Friday
last week approved demerger of AEL's port, power and
transmission business and
merger of mining company
with AEL.

Mfg sector growth

moderates in Jan
TIMES NEWS NETWORK

New Delhi: Factory activity

slowed marginally in January,
while core sector growth moderated to a three-month low,
posing some fresh concerns
about the strength of the industrial recovery.
The HSBC India Purchasing Managers Index, an indicator to gauge manufacturing
operating conditions, slowed to
52.9 in January from two-year
high of 54.5 in December. The
50-point mark separates contraction from expansion.
Amid reports of improving
demand, latest data indicated
that new orders increased for
the fifteenth successive month
in January, albeit at a slower
rate compared to December.
The December survey results

had sparked hopes of a sharp

turnaround in the sector.
Manufacturing activity
continued to signal improvement in January, though the
rate of growth slipped to a
three-month low. The slip can
partly be attributed to consolidation after two months of impressive upticks. New orders
continued to grow, though at a
slower pace than in December,
said Pranjul Bhandari, chief
India economist at HSBC.
Continued on P 13