KOZHIKODE l thursday l march 28, 2024 l `9.00 l PAGES 16 l city EDITION BSE, NSE to launch same-day cash settlement for 25 stocks today The facility, T+0, will be introduced in a beta version and be available with a few brokers. The existing T+1 will continue for other scrips The chosen ones for the new facility mOSCOW, kOREAN EXCHANGES OFFER T+0 The scrips included for same-day settlement include Ambuja Cement, Ashok Leyland, Bajaj Auto, Bank of Baroda, BPCL, Birlasoft, Cipla, Coforge, Divi’s, Hindalco, Indian Hotels, JSW Steel, LIC Housing Finance, LTI Mindtree, MRF, Nestle, NMDC, ONGC, Petronet, Samvardhana Motherson, State Bank of India, Tata Communications, Trent, Union Bank of India and Vedanta ■ ■ Under the same-day settlement, the seller of a scrip will get 100% of his money on the same day. At present, the seller gets only 80% of the money on the same day and the remaining 20% next day Currently, Moscow Exchange (MOEX) and Korea Exchange (KRX) offer same-day settlement for certain securities No separate close price for securities based on trading in T+0 segment CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOgGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI ED files case to probe ‘dubious’ CMRL-Exalogic fund transfers E x p r e s s N e w s Se r v i c e @ Kochi The Enforcement Directorate (ED) has registered a case to investigate alleged dubious transactions between Chief Minister Pinarayi Vijayan’s daughter T Veena’s firm Exalogic Solutions and Kochi-based Cochin Minerals & Rutile Ltd (CMRL). The ED’s enforcement case information report (ECIR) is similar to a first information report (FIR) filed in criminal cases. ED’s investigation is based on an income tax department report that said CMRL paid `1.72 crore to Exalogic under the guise of providing software services. Another national agency, the Serious Fraud Investigation Office (SFIO), is looking into the `95 crore CMRL reportedly paid vari- ous persons and entities, including political leaders and trade unions. This had emerged during a 2019 I-T probe into CMRL. ED officials said they have carried out a preliminary probe, but refused to divulge information about the ECIR, which also covers Prevention of Money Laundering Act (PMLA) cases that the ED has based on a predicate case probed by other agencies. Though no criminal case has been registered, ED officers maintain that they can register one based on the I-T investigation into CMRL. Now, ED will collect evidence from CMRL by interrogating its officials. Similarly, it will verify CMRL’s books before proceeding with an investigation into Exalogic. The I-T report had revealed that CMRL had paid money to other political leaders and trade unions as well. The ED investigation is also likely to cover the reported recipients. Earlier this year, an inquiry report by Registrar of Companies had highlighted major violations and fraud by Exalogic in its transactions with the CMRL. Case triggers political slugfest Hours after ED filed the case, CM Pinarayi Vijayan came down heavily on the Union government, accusing it of misusing agencies to target opposition parties | P5 pollscape IUML drops action against MSF leaders Cong okays list of 18 candidates SP caught in a bind over two seats Kozhikode: Apparently feeling shaky in its stronghold of Ponnani, the IUML has dropped the disciplinary action initiated against former leaders of its students’ arm MSF, who had raised a banner of revolt in connection with the Haritha issue. The two former MSF leaders, Latheef Thurayur and K M Fawaz, are associated with K S Hamsa, the LDF candidate in Ponnani | P5 New Delhi: Congress leaders on Wednesday finalised candidates for 18 ls seats, including six of UP, sources said. The Central Election Committee that met at the party headquarters approved the candidates for Telangana, Goa, Jharkhand and UP after deliberations. However, no discussion took place on two crucial seats—Amethi and Raebareli | P9 Lucknow: The rumblings within the Samajwadi Party (SP) camp over ticket distribution came to the fore when two party candidates filed papers each for Moradabad and Rampur LS seats on Wednesday. One each from both the seats will have to withdraw till March 30 for the other to contest as the party’s candidate on both the seats | P7 Supriya Shrinate and Dilip Ghosh EC notice to Supriya, Dilip M u ke s h Ranjan @ New Delhi The Election Commission of India on Wednesday sent show cause notices to Congress leader Supriya Shrinate and BJP leader Dilip Ghosh for their controversial comments on actor Kangana Ranaut and West Bengal Chief Minister Mamata Banerjee. The ECI said the remarks by Supriya and Dilip were found to be in violation of provisions of Model Code of Conduct. It sought their responses by 5pm on March 29. Supriya in her social media account had posted a picture of Kangana with the nasty caption asking what was the going rate at the mandi (market). It came after Kangana was named the BJP candidate for Mandi LS seat. Following an uproar, Supriya deleted the post. West Bengal BJP leader Dilip Ghosh on March 26 said, “When Didi goes to Goa, she calls herself the daughter of Goa. When she goes to Tripura, she says that she is the daughter of Tripura. She should first identify her own father.” Elections come & go, lives stay miserable in border villages A N I L S @Pozhiyoor (T’Puram) A knocked-down wall sporting a faded graffiti, seeking votes for C Divakaran, the LDF candidate in the 2019 general elections, stands mute spectator to the rough sea that have wreaked havoc in this village on the KeralaTamil Nadu border. Most dwellings near the sea stand precariously on the receding shoreline. The parched land has been on the boil. As the afternoon sun beats down mercilessly a group of men gathers under a , makeshift shade and works on the kambavala (gill nets). “You see such penury only this side. Take a look at the other side; things are different. Won’t we feel bad?” asks one of the fishermen, pointing to the boundary stone that marks the Kerala-TN border. In a way, this roughly 150-m-long stretch housing close to 25 families defines the state of affairs in border villages. About 13 of these familes are Kerala voters; others vote in TN. “Elections? Is that what you want to enquire about? Can’t you see our pathetic state? So far 6-7 ministers, MPs and MLAs have come here. They visit, shower promises and leave. Nothing happens. Isn’t it all a farce? Why should we vote now,” quips Siluvapicha Antony 56, a fisherman. , Elections hardly make any difference to the nearly 1,000 fishermen families in the Paruthiyoor Pozhiyoor and Kollemcode Pozhiyoor villages on the Kerala-TN border. Nestled in the boundary Waves crash on the Pozhiyoor coast in Thiruvananthapuram. Incessant coastal erosion has wreaked havoc on the border village | BP Deepu of Thiruvananthapuram and Kanyakumari LS constituencies, the residents are often ne glected by both governments. A number of families staying across the border pay tax and electricity bills in Tamil Nadu, but possess ration cards and voting rights in Kerala. A few can seemingly vote in both states, but vouch they have never misused it. Whether they do or not, the fact is their concerns have always fallen on deaf ears. Consistent coastal erosion, which they say is mainly due to a groyne across the border, has razed close to 300 houses in this coast, 30 of them last year alone. Increasing coastline destruction has affected close to 20,000 folks who are part of the 4,000 families inhabiting this belt. Helpless victims of ocean fury , many fishermen under two parishes here are seriously mulling boycotting ● More on P5 the Lok Sabha election. Kerala Kalamandalam to go gender-neutral Kathakali in schools Considering the lack of patronage for the kathakali course among male students, Kalamandalam will forward a proposal to the government to start kathakali courses at schools in all districts as part of an academic outreach programme. Classes will be held six hours a week in schools that have enough students interested in pursuing the courses, said Kalamandalam VC B Ananthakrishnan. M an o j V i s w anat h an @Kochi A meeting of Kerala Kalamandalam’s administrative board on Wednesday decided to make all its courses on performing arts gender-neutral, a move that will now make male students eligible for admission to courses hitherto reserved exclusively for girls, including mohiniyattam and nangiarkoothu. The decision has been taken amid the controversy created by dancer Kalamandalam Satyabhama, who had made racist remarks against dancer R L V Ramakrishnan, brother of late actor Kalabhavan Mani, and criticised the practice of men performing mohiniyattam. “The administrative board decided to make all courses at Kalamandalam gender neutral from the next academic year. Till now, we were admitting only girl students in mohiniyattam and nangiarkoothu courses. From the next academic year, we will be admitting boys to these courses. They can pursue courses from Class VIII to postgraduation,” Kalamandalam VC B Ananthakrishnan told TNIE. During TNIE’s Express Dialogues series in March last year, Kalamandalam Chancellor Mallika Sarabhai had said she will look into allegations of gender discrimination at the institution and ensure all students get admission to every ● More on P6 course. liquor policy case Kejriwal gets no interim relief from high court Wife claims he would do a ‘big expose’ on the scam today E x p r e s s N e w s Se r v i c e @ New Delhi While arrested Delhi Chief Minister Arvind Kejriwal did not get immediate relief from the Delhi High Court on Wednesday his wife Sunita claimed he , would do a “big expose” on the alleged excise policy scam in court the next day She was apparently referring to his . production in a city court on the conclusion of his custodial remand with the Enforcement Directorate on Thursday. Sunita made the statement after meeting her husband in jail. In the Delhi High Court, Justice Swarana Kanta Sharma refused to interfere with Kejriwal’s arrest and issued notice to the ED on his plea for interim relief of release. It asked the ED to file its reply before April 2. The hearing would begin on April 3. “Any order passed in the application for interim release of the petitioner, pending disposal of his main petition without calling for reply of ED at this stage would rather amount to deciding the main petition itself,” the judge said. In a related development, Lieutenant Governor V K Saxena said the Delhi government will not be run from jail, though AAP leaders claim Kejriwal will continue as chief minister even if Govt raps U.S. envoy for comments on Delhi CM New Delhi: A day after a US spokesperson commented on the arrest of Arvind Kejriwal, saying they hoped his trial was fair, India objected to it and summoned their acting Deputy Chief of Mission Gloria Barbena. “We take strong objection to the remarks of the spokesperson of the US State Department about certain legal proceedings in India,’’ said Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal. he is under custody Rebutting the L-G’s . statement, AAP leader and Delhi minister Atishi wondered in an interview to PTI, “what is the constitutional provision he is drawing on? The law of the country is very clear. You have the GNCTD Act which is very clear that you cannot be the chief minister if you do not enjoy the majority of the House. These conditions do not apply. So, under what conditions will President’s Rule be imposed?” There was ample drama in the Delhi legislative assembly as the AAP MLAs , stormed into the well of the House raising slogans against the Centre and demanding Kejriwal’s release. The House was adjourned till April 1. ‘Dy commander’ among six Maoists killed in Chhattisgarh E J A Z K A IS E R @ Raipur Security forces on Wednesday gunned down six Maoists, including two women, in a fierce exchange of fire at Chipurbhatti area of Chhattisgarh’s Bijapur district. The slain Naxalites were identified as members of the People’s Liberation Guerrilla Army (PLGA), the armed wing of the outlawed Communist Party of India (Maoist). PLGA’s ‘deputy commander’ of Punem Nagesh was among those killed. His wife Vetti Soni, who was an active member of the militia, and another female cadre were also killed. Sources said Nagesh was instrumental in carrying out several deadly attacks on security forces in the past. According to police, the encounter happened during the search operation of a joint team of the District Reserve Guard and the elite CoBRA unit of the CRPF. The team reached the area after the Maoists killed three villagers on Monday, accusing them of being police informers. The forces recovered six bodies and efforts are on to trace a n d c ap t u re t h e i n j u re d Maoists.
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