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AHMEDABAD | WEDNESDAY, JULY 1, 2015 | PAGES 26 | PRICE .` 3.00

* INCLUSIVE OF AHMEDABAD TIMES (FOR AHMEDABAD AND GANDHINAGAR CITIES ONLY)

116 FEARED DEAD AS AIR FORCE SHASTRI SAYS NO RIFT


TRANSPORT JET CRASHES IN
BETWEEN DHONI AND
INDONESIAN CITY OF MEDAN 17 KOHLI 22
New insurance
Act makes it
tough for cos
to reject claims
Mumbai: Life insurance
companies will find it almost
impossible to reject claims in
future because of an amendment to the Insurance Act
which has done away with
the leeway that insurers earlier had, reports Mayur
Shetty. In the past, life insurers could call into question a policy if they could
prove there was mis-statement or non-disclosure of
material fact. TNN P19

NEWS DIGEST

HC okays
Maggi export
The Bombay high court on
Tuesday allowed Nestle India
to export Maggi noodles. The
MNC is currently battling a
ban on sale of its popular 2minute snack in India, which
will continue. P12

Petrol, diesel prices cut:


Petrol prices were on Tuesday cut by 31 paise and diesel
by 71 paise a litre. In the city,
petrol will now cost Rs70.15 a
litre, and diesel Rs55.76.

Cong offers govt a deal: Axe Ignored by govts, villagers


`1 crore bridge
Swaraj-Raje, get GST bill nod crowdfund
Haryana Netas

TOI

Centre Rejects UP AGAINST BIHAR PARTIES & BSP


Top govt sources reject
It, Session
offer out of hand after Cong
Washout Likely sends feelers to Centre on
the swap of sorts

Subodh.Ghildiyal
@timesgroup.com

New Delhi: Congress has indicated it may not block the


Goods and Services Tax bill despite its strong reservations if
BJP sacks foreign minister
Sushma Swaraj and Rajasthan
chief minister Vasundhara
Raje.
The opposition feelers to
the government come in the
wake of the twin developments of Modi government
stonewalling Congresss demand for Swaraj and Rajes resignations for helping fugitive Lalit Modi and Congress

Cong now adamant that


Parl session will be a washout
if govt does not remove
Sushma & Raje over Lalitgate
With Cong, Bihar allies &
BSP set to protest against
Lalit Modi issue, SP may be
forced to follow suit
lodging its objections on the
GST bill with the Rajya Sabha
select committee.
A swap of sorts has been
loosely hinted to the government as the way out of the stalemate in the monsoon session of
Parliament starting on July 21.

PiyushMishra@timesgroup.com

115% SURGE

smooth ride for over a month,


commuters were once again
stranded for hours on both
sides of Sardar bridge and
Golden bridge on the Narmada river on Tuesday. P5

Ahmedabad: Economic uncertainty, steep fall in the rupee, and attractive interest
rates offered to NRIs by Indian banks made NRI deposits
in Gujarat swell by 115%
over the past three years.
The deposits breached the
Rs 50,000 crore mark in 201415.
The liquidity crisis in
Europe and Africa prompted many NRIs to divert their
funds to India, said Jayesh
Vithalani, an Ahmedabadbased financial consultant.
NRI deposits rose to Rs

NRI deposits in Gujarat

Max
36.2C
...................................
Min
27.5C
Forecast: Partly cloudy sky.
Maximum temperature will be
around 37oC

Times Classifieds | P 6

The Dholpur Palace (above) row


has given Cong ammo to attack BJP

The tie-up compensates for


the loss of Trinamool Cong
which seems to have turned
to the treasury side
However, top government
sources rejected the Congress
offer out of hand, saying
there was no possibility of such
a deal. It may further complicate the deadlock between the
government and Congress.
Congress is sure that the

NRI deposits in Gujarat


cross `50,000-crore mark

Massive traffic jam on


NH8 in Bharuch: After a

WEATHER

EU MAKES FINAL BID TO


COAX GREEK PM TSIPRAS TO
ACCCEPT BAILOUT DEAL 17

Year

NRI deposits
Total
(` Cr)
deposits

2011-12

25,400

8.01%

2012-13

33,114

8.96%

2013-14

46,953

10.95%

2014-15

54,574

11.13%

54,574 crore in 2014-15 from


Rs 25,400 crore in 2011-12, an
increase of Rs 29,174 crore.
In the 2013-14 period, the
RBI increased the Libor rate
for Foreign Currency NonResident (FCNR) accounts

by up to 350 basis points for


the period of three to 10
years. With an FCNR account, an NRI can maintain
a fixed deposit in foreign
currencies and earn regular
interest.
The interest rates offered to NRIs in India is
around 1.5%-2% more than
what is offered in the US,
said a city-based forex consultant. Gujaratis form 33%
of the Indian diaspora and
Gujarat is among the top five
states in the country in
terms of NRI deposits.
 State share 7.78%, P2

Palace owned by
state, usurped by
Raje kin: Cong

To Be Kept Out
Of Inauguration

Congress on Tuesday produced


fresh documents to prove its
claim that Dholpur Palace is a
state-owned property which
was usurped by Rajasthan CM
Vasundhara Rajes family,
reports Akhilesh Singh.
Congresss Jairam Ramesh said
there was a criminal nexus
between Rajes family and ex-IPL
chief Lalit Modi. TNN P8

Manvir.Saini@timesgroup.com

Parliament session will be a


washout if the government
does not douse the fire triggered by allegations that leading BJP figures helped the former IPL czar.
No smooth sailing, P8

Indigo lines up
`2,500-crore IPO

o-frills carrier IndiGo plans

N to raise Rs 2,500 crore. It told

Sebi of its initial public offer


plans on Tuesday. InterGlobe
Aviation Limited, which runs
the biggest airline by market
share, plans to issue shares
worth Rs 1,272 cr. AGENCIES P19

Chandigarh: You dont always need a Dashrath Manjhi to single-handedly cut


through a mountain and
build you a road. As residents
of 11 villages in Haryanas
Sirsa district have shown, all
you need is a strong collective
will to cut through a mountain of red tape.
When politicians and bureaucrats ignored their requests to build them a bridge
over the Ghaggar river so
that they could reach Sirsa
town with their farm produce faster, the villagers
teamed up and collected Rs 1
crore. With it, they funded a
250-foot-long,
14-foot-wide
bridge connecting Aleeka

ow-cost carrier SpiceJet on

L Tuesday launched a low-fare

scheme for those travelling only


with hand baggage on domestic
flights that would cost up to Rs
1,000 less than the regular fares.
The rider is that the booking
must be done at least 30 days in
advance. TNN P8

and Panihari villages.


Work started in April
2014. Today, the bridge is
near completion and the 25member committee which is
supervising the construction has requested local
saint, Mahant Brahm Dass,
to inaugurate it.
Once completed, the
bridge will be a lifeline for 1.
25 lakh people as it will cut

Maha CM delays
US flight for secy
TIMES NEWS NETWORK

Mumbai:

SpiceJet deal for


handbag fliers

The bridge will cut the distance between Aleeka and Sirsa by 30km

Passengers onboard Air India flight to


Newark had
to put up with
an hour-long
delay in the
departure
during the wee hours of Sunday as chief minister Devendra Fadnavis was onboard
and one IAS officer in his entourage forgot to carry the
passport that had his US visa.
Praveen Pardeshi, princi-

pal secretary to CM Devendra


Fadnavis, who flew to the US
caused much confusion as he
only carried his new passport,
while the US visa was in his
old one.
The seven-member delegation travelling with the CM
reached the airport about 45
minutes before departure.
Only when he submitted his
passport at check-in to get his
boarding pass did Pardeshi realized his mistake, said an
airline source.
Passport delivered, P7

the distance from their villages to Sirsa town by at least


30 km. They will also get easier access to markets in Punjab for their farm produce.
We have no place for politicians or bureaucrats in our
list of invitees for the bridges
inauguration, says Hardev
Singh of Panihari village.
Put our case to all, P12

MEA looks for


consultants
outside IFS
TIMES NEWS NETWORK

New Delhi: In a first, the foreign ministry has advertised


for consultants to join South
Block on a contractual basis.
These international relations
experts are expected to add intellectual heft to MEAs policymaking machine.
MEA has been be-devilled
by lack of numbers. In the past
few years, it has borrowed on
deputation officials from
other ministries and services,
particularly the economic services. TNN P12