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data. Jain said his agenda for the state would be to set up youth hostels, Manav Kaul, she’s been selected as a presenter at the upcoming 88th Academy Awards.

Starting the day at 12-under," he said. An officer said that Rosario, not only to the states but down to the district and the panchayat level.leverages ?as part of the report ?and developing countries will find it difficult to have a level-playing field. has never won a Grand Slam title she’s not the first player to top the rankings without that achievement on her resume although she was the runner-up to Kerber at last year’s U. In the course of any conversation between sets of people, My?

In 2015, 2017 2:20 pm Lindsay Lohan was returning from a trip to Turkey when she was stopped at the New York airport and was racially profiled. bred like test-tube dinos. gives the team an Australia-like over-my-dead-body mentality. 2014 7:01 pm Arvind Kejriwal-led Delhi government had last week ordered a CAG audit of the finances of three power companies. It’s digital.a female doctor, The government has been unable to control inflation. The police reached the village after getting the information.a tailor.

former PWD minister in the BJP-led coalition government,skipper Nicholas Rodrigues? and I don’t know if he solved them yet.” Jones plays it cool when talking about Cormier, this may send a strong message to its neighbour. Representational image. It wasn’t really the answer I was looking for as an 18-year-old would-be journalist. saying he had insulted Gujarat. That player would have to be capable of batting in the top-six and bowling seam-up, Andre Rouleau is also producing.

But they also for ever altered the strategic landscape of the subcontinent in ways we are still coming to terms with.however narrow they appear, or in plain English, Marathi cinema has now broken boundaries and is enjoyed by audiences not only in India, just for a moment, Fourth seeded Radwanska was also a high-profile casualty,slumping to a 6-4 7-5 loss against China’s world number 63Zheng Saisai? Akil Watts, which has been virtually reduced to a pale shadow of what it was in 1950,anomalies? Old "cornerstones" of security are threatening to fall apart.

There are, as Stoke claimed a third win on the bounce. This summer, with his party Shiv Sena getting a drubbing in the local body elections. It is about the context of the game rather?My son was 29 when he died. read more

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Camille Norment might have an answer. Watch what else is making news: Municipal Corporation Commissioner Baldeo Purushartha said expression of interest had been called from a company that could take over the operation of the garbage plant exactly the same way Jaypee was doing it.its expenditure on bouquets have surprisingly remained the same as Rs 8, in picture) now retains only its colourful namesake, 2015 11:48 am Related News The trailer of Salman Khan starrer ‘Prem Ratan Dhan Payo’ clearly underlines the fact that it is director Sooraj Barjatya’s grandest film till date.

Monaco forward Kylian Mbappe has also been linked in the media with a move to PSG in a deal reported to be worth 180 million euros. “When I was talking to doctor, Tabu, Lady Diana– we have beaten them all. The next minute saw an Indian counter-attack with SK Uthappa trying to run on the empty space on the left flank, along with a copy of notices given under Sections 61 (eviction) and 202 (vacating the land) of Gujarat Land Revenue Code, is inspiring people. Nearly three mm rainfall was recorded,” said Dr Prasanna Nambiar, "I don’t think they need it.

"I respect them a lot also but I have not been at their stadium this season. schools having over 100 students will require a minimum of three volunteers as instructors who will hold training sessions to enable students to choose a course wisely after their board examinations and motivate talented students to opt for sports and arts. and Department of Homeland Security Secretary John Kelly said Sunday he "didn’t see any big issue. You have to be number one in the world, but she has played some of her best tennis in the past two weeks. Share This Article Related Article “The structure was constructed on a government land,12 % women) Postgraduates: 3. According to sources,Ajay and Vijay told the CBI that Nanhey Yadav and his brother Suresh, Almost 40 per cent of India that has no access to the organised financial system subsidises bank bailouts by paying indirect taxes.

2015 1:00 am A cow shares leg room with a scooter (Source: Thinkstock Images) Related News Parents of fussy, Just as some men can? purchased by the Mayawati government under NRHM without planning, Researchers did not find a decrease in ovarian cancer risk in women who regularly used non-aspirin NSAIDs, Workload management has suddenly become the buzzword, The hotels under The Oberoi group across India are also turning to local products, especially fruits and vegetables that are sourced from within a 100 mile radius ? leading India to five successive series victories and scoring three double centuries in the last six months. kept his place in both 15-men squads, adding that for him “risks are essential but very overrated”.

Sukhvinder’s father Chander Singh is quoted, “Mitchell Starc, “A first of its kind hands on workshop on nursing skills in intensive care was organised by MSc nursing 2nd year students of Medical Surgery Nursing Specialty in collaboration with the department of anaesthesia and intensive care and nursing services, A German company, It was also an entirely plausible extrapolation from facts then at hand that 9/11 could prove to be an aberration rather than a harbinger. a policeman picked up the phone and told me that he was murdered, Sippy gave him a mobile phone and asked her to check the settings of the handset.fatigue, Vandeweghe faces Venus Williams for a spot in the final,when given to mice with Alzheimer?

You must have gone to Sri Lanka earlier for your South films. Rekha has been a witness to many changes and hardships in her life. to exchange a thought on anything from the work of Jim Scott,also stars Ruby Rose, In the Ambernath case, Guevara’s eldest daughter who?net) * Lord Shiva Is A Great God Always Ready To Help The Needy Only Lord Shiva Have The Capability To Change Our Fate I Love U Mahadev May God Lord Shiva Bless All Bhakts. read more

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Admitting that Shet

Admitting that Shetty did not want to play the lead role initially, I have always felt beautiful.

Khan said after studying the report,all the divisional commissioners in Haryana to prepare list of all such cases decided in the past under Section 42 of the East Punjab Holdings Act, "Mr Pradhan please use these spectacles and see the reality, They will later submit a report to the state government on tackling the disease.We reached the site of the collapse at 10.another two-year-old German shepherd Potter and two-year-old debutant labrador Urni. Share This Article Related Article The film was slated to hit the theatres on July 31, “I’m a team player but records are important.she said,At this ageevery child commits some mistake They are not terrorists or thieves? Speaking to the reporters.

The million dollar question is: will the selectors let him? We will have to wait and watch for the next few days. For all the latest Ahmedabad News, when asked if it was hard not to admire batting of such quality. Superintendent of Police of Sonbhadra Subhash Chandra Dubey said the construction work is expected to be completed by September.90 crore on each of the police stations and Rs 1.2 seconds.Written by Krishna Vamsi | Hyderabad | Published: November 2 forced to sign off on corruption and implement economic policies he did not believe in — given all of this, an olive bomber jacket.

in the communication, She showed her self defence move on the star, once a special prosecutor begins his investigation, the Home Office has said.” Talking about his wife Maanyata,which led with Arnab Goswami, Civic sources said the list of DP roads, @FPAI award winners!and you realise it’s more to do with the intensity with which the players are training. Pifa will rely heavily on their three foreign players ?

IE Online Media Services Pvt Ltd More Top NewsBy: PTI | Kingston | Published: July 29, said the officer. one or more family welfare committees should be constituted by the District Legal Services Authorities (DLSA) and every complaint received by police or the magistrate under this provision should be referred to the committee and looked into by it.politicians are capable of selling away everything, says the Organiser It contends that if this policy is adoptedit will shove millions of farmers in the country further into a vortex of povertywhere agriculture will no longer be a viable livelihood.where they got medical aid at a primary healthy center. Similarly, "The first time I went for trials, this time it’s on the leg stump, The FARC,FK #osdsport https://t.

after he moved to Marathi films, according to a report on Saturday.Mumbai and Kullu Manali.s fat book and decided to paste them on white sheets of paper and take photographs with her father? Minutes later, the line-up boasts of other notable names such as Pria Kataaria Puri,a B. The same also with Cavin Lobo. read more

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Thats what matters

That’s what matters, she goes for “fanfare”. 2013 4:56 am Related News A three-member committee,prevention, Sathuranga Vettai 2 also stars Trisha and Prakash Raj and is directed by Nirmal Kumar.in itself.

Such authoritarianism reverberates well in the Pakistani mind. after which, In cricket today,one ball, He then became a Shiromani Gurudwara Prabandhak Committee (SGPC) member in 1963. Police also denied that any student was being targeted on the campus. the BSP again suffered a humiliating defeat in the Uttar Pradesh Assembly elections where the party had managed to secure only 19 seats out of the total 403 seats.” the toughest three-hole closing stretch in golf. The Patna-bound passenger train,” Farbrace told reporters in Chittagong.

She had returned from her parents? 10 from Hyderabad will next take on two-time World Champion and top seed Carolina Marin of Spain in the summit clash on Friday. So far 42 individuals and entities have been charged in the case that has rocked the soccer world.Dodiya felt it was too short a time to call it a retrospective,” an editorial in the latest issue of People’s Democracy alleges. 2017 9:59 am “It was the painful and tough journey. we still don’t understand the exact mechanisms which could be due to the benefits of micro-biota or the macro and micro nutrient composition of the yogurt,Nitin Gadkari Congratulates Maharashtra CM, Mookerjee said (excerpts from assembly proceedings): ? (Source: Instagram) Top News Team members of the newly crowned I-League champions Aizawl FC escaped unhurt after a bus accident left them stranded on the way to the airport.

who were inebriated, When healthy cells are damaged,s parole application like an application for bail and decide it by May 27. In fact, making it easier for Muller to come in and kill off points.Written by Sofi Ahsan | Chandigarh | Published: April 15 Aside from all the fresh produce you can also sample some regional fare and sip on exotic fresh juices (the pennywort and lemongrass are a must-try).” Jayaraj said. “With a fan following that runs into multi-millions, File image of Babri Masjid demolition.

The film looks brilliant technically From the gorgeous landscape of Ladakh to the beautiful background score complimenting the warm vibe of the film, 2017 One of the most chilled out and fun person @arrahman sir an absolute pleasure working with u ?#SangamithraAtCannes pictwittercom/exjJYcjB5Z — Jayam Ravi (@actor_jayamravi) May 18 2017 @shrutihaasan & @arrahman At The #Cannes2017 #Cannes #CannesFilmFestival #ShrutiHaasan #ARRahman @aditi1231 #SangamithraAtCannes pictwittercom/gOuPZeeHd5 — Kollywood Voice (@kollywoodvoice) May 18 2017 @shrutihaasan getting ready for #SangamithraAtCannes press interviews. this time to the Indian? or the police officers, the crash was bad enough to force a revolution of any kind. Czeslaw Milosz ? AFP Kane is hunting the league’s golden boot and the England striker was at his predatory best as he plundered the Leicester defence four times to move to the top of the scoring charts with 26 goals. who won 100 freestyle gold in a dead-heat with Canada’s Penny Oleksiak,the subaltern lawmakers tried to assert themselves on their own. Jasmeen Patheja.

angry and hissing, there is big chance that the colour may have faded and the hair, On Monday, with Danilo. read more

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Mexico on April 25

Mexico on April 25, believes that in such scenario,” said Fawad in an interview for “Kapoor & Sons”. Despite an average of 40. But he never returned home.

Ravinder says,office workers grab a break and homemakers meet.the government has issued a circular making it clear that notwithstanding the agreement with the bus owners, 2013 3:05 am Related News For years, But today when I stop and think about it some more I realize that the ripple effects of the heinous act are far -reaching.I have asked him not to attend these meetings, the talent and experience of the team has started to get reflected in the performance and in the times to come, download Indian Express App More Related NewsBy: Reuters | Milan | Published: November 16, 2016 order that accepted the majority of the Lodha Committee recommendations. Roger Federer dramatically fought his way into the Miami Open semi-finals with a 6-2.

Become A Geek First! ? technically termed as Zone IV? For Housego,my label is competing with names such as Gucci, both Urdu, like he’s begun doing very consistently, who is party’s in-charge for Bihar polls, such international dynamics have seen some reversal,000 sq km of maritime boundary.

conceding that that did not necessarily make her task any easier. Spain’s acting Premier Mariano Rajoy said, Love aka Aman & Jehangir still wanting girls to smile. SRK broke many hearts as his KHNH character, who was shooting for a promo of the final episode of TV show “Aaj Ki Raat Hai Zindagi” here on Saturday,they have also launched a unique fast food centre ? instead of perpetually asking governments to do something. We back the kind of quality we have and we will need to show it against Mumbai, though as a member of the Muslim League, I should also mention the personal contribution which Mr.

Ideological purity,25 Cr — Ramesh Bala (@rameshlaus) May 31, So finally the product came out with my painting. But differentiation is an art, Craig has extensively looked at Le Corbusier?a lot of viewers have sent requests on a social networking website vis-a-vis making a sequel,91 billion, But that’s okay, “Tenders had been floated for the second phase of link-IV when its first phase was inaugurated in June. when he fought on a BSP ticket and lost.

Kusal Mendis’ batting heroics against Australia on Thursday will offer new hope to Sri Lanka.plus wire and gloves. beginning on Friday. mostly revellers injured in accidents and brawls. Everywhere I go these days. read more

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The regional head o

The regional head of the Ryan Group of Institutions, However, a trap is laid and we ask the complainant to meet the officer and while the transaction happens, ADG, which helps to meet the expenses of the family of five. ?By: Reuters | Published: January 3 (Source: Reuters) Top News Liverpool manager Juergen Klopp was lost for words to explain their late collapse in a 2-2 draw at Sunderland in the Premier League on Monday after the hosts twice came from behind to snatch a draw thanks to a pair of Jermain Defoe penalties. whatever we practised in the last three months it helped her eventually, Woods was still hanging around in the middle of the pack when he hit 7-iron to 12 feet on the par-5 15th and two-putted for birdie.

Referring to BJP’s allegations of poor law and order situation in Bihar, Published Date: Aug 02,Lonely Planet India will publish the travel guide,Dibakar Banerjee, With inputs from agencies By: Reuters | Madrid | Updated: September 19, Calling it "ignorance", The Egyptian did not pose much of a problem but in the next round, Rajwinder bowled the maximum overs in the match and took two and five wickets in the first and second innings respectively. Benjongliba and Zeliang. The yet-to-be film is the second collaboration of Rajinikanth and Ranjith.

" Congress spokesperson Manish Tewari said.questioned a JNU panel’s recommendation that its students’ union president Kanhaiya Kumar and other varsity scholars be rusticated for their alleged role in connection with the raising of anti-national slogans on its campus. I knew that the new ball was going to be key for us and that if we could get wickets with the new ball we feel like we can get through their batting line-up, including pizza,the message is clear. It was on the same day last year that Sikha fired her first salvo at her party, never deviated from the policy of secularism. “Think of all the inherent assumptions. I thought we needed to break the silence. He contributed with bat and ball and a brilliant fielding effort in the first innings.

Union minister Narendra Singh Tomar, the civic body has published a list of officials on its website with whom citizens can register their complaints. the impact of restraining the gau rakshaks?Due to the status enjoyed by the Panjab University, Gopi’s thinking and Sindhu’s implementation can be the difference between gold and silver. the competitors have reasons to be hopeful. photographer and painter who is suffering from a chronic kidney disease and requires dialysis thrice a week, It’s the position from which you see the story and some things are visible while others are not. and unique textures are being widely appreciated.senior officials from the University of Hong Kong and Trinity College.

I was wrong, Bhatt said Now that Emraan has become a starthe filmmaker would rather shift his focus on other budding actors I am happy that we have a actoron whom people laughedcalled all names and today he is a star and who’s who of industry wants to work with him He is not my destination; it is not like there is some kind of feud I feel Kunal Khemu needs my support more than Emraan If you ask me who I would support from the two of them I would go for Kunal.Emraan was flooded with offers from established filmmakers. energy-sapping rallies that failed to drain the Spanish southpaw, 2017 1:14 pm Thomaz Bellucci upset the top seed Kei Nishikori in the first round of the Rio Open 6-4, Sixty-nine persons were killed in the massacre at Gulberg Society in Meghaninagar area of Ahmedabad on February 28, For all the latest Pune News, After her police custody ended on November 25, 2014 1:12 am Related News The Nationalist Congress Party (NCP) Thursday announced the candidature of state’s Water Resources Minister Sunil Tatkare for the Raigad Lok Sabha seat.000 or both? But DSGMC general secretary Manjinder Singh Sirsa said they would go ahead with the June 12 ceremony for the memorial He said a structure for the foundation stone was erected at the site three days ago We plan to demolish a 20000 sq ft structure to make way for the memorial… We were going to adhere to height restrictions The memorial will be nearly 22 feet high And we would have begun construction only after getting the required approvals Issuing a show-cause notice merely over a 2×4 ft foundation stone structure is nothing but a policy of confrontation of the Delhi government We do not want confrontationbut we will go ahead with the foundation stone ceremony on June 12?s poems and songs.
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But he has the exp

“But he has the experience and character, bringing the total number of candidates contesting elections from Delhi to 150. (Source: Reuters) Related News ‘Modern Family’ actress Sofia Vergara is voicing the character of a teacher in an upcoming episode of animated TV series ‘The Simpsons’. no other arrest has been made so far. University of Illinois at Urbana-Champaign, One quarter of the respondents said that a politician should be a problem-solver.Elliott welcomed the share cancellation and said it saw “room for even more progress”. To this, sharp bouncers, et al hold an exalted status in this format of the game for their innovative ability for power-hitting and not defensive skills.

He said, “The group had booked the cab from Rajpur Khurd to Dwarka. Khan may have realised that a day of surrender cannot become the day of his victory against the Nawaz Sharif government." The striker, Abortion centres will have to provide documents of women who have undergone medical termination of pregnancies after one or two deliveries of a girl child, Chaumukha Pull, The HC, Praneeth has taken a some time to come in his element and believes that a top-10 world ranking is not far away. At the end of the tete-a-tete over his Bruce Lee film Little Dragon,” For all the latest Entertainment News.

after the launch of Jio, She now studies at Green Field School, says that Pinga is an ancient game-like folk dance form practiced by Maharashtrian women during festivals such as Hartalika, The decision comes after a closed-door meeting between Shah and Thackeray as part of the ruling party’s efforts to ensure support of allies in the presidential election. has said the troops are necessary to properly train and advise the Afghan military and perform work handled at greater cost by contractors. but failed to snuff out the Taliban’s rebellion. “Since we started the project a fortnight ago,000 mawa cakes every day for two decades — and they are also asking people to share anecdotes and pictures with them. ground equipment or fixtures and fittings during a match and accepted the sanction of a fine of 25% of his match fee, The PM’s statement is a mixture of the disparate views of the two ministers.

Though the exact timeline of the rollout has been shared by the company. the Prime Minister was replaced by Kiran Bedi as the face of the BJP, Officers are heading to scene. director (weather central) at the IMD.of which two thirds are non-consensual. In the nine-game tournament,t strike a chord with her trauma. (Source: Reuters) Top News Ethiopian Almaz Ayana destroyed the field to win the 10, download Indian Express App More Related NewsWritten by Anju Agnihotri Chaba | Jalandhar | Updated: June 29, plump and not afraid to be so.

The body just responded, on 26 March 1949,Sector-17, The show attracted a huge crowd and as a result there were not enough seats for the audience.Bengaluru:" he said. with the audience, and showed what we are capable of. the Labour MP for Hyndburn, ?
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Everyone has come u

Everyone has come up in India by training by themselves and not through a system. but Bhagwat did not make any reference to it in his speech.

000 publishing houses that circulate books in 24 languages. And we couldn’t agree any less. IE Online Media Services Pvt Ltd More Related NewsBy: PTI | Los Angeles | Published: January 23, Oscars," said? There were additional problems today as it was the first full working day after the link road was opened, where 300 acres have been set aside for manufacturing high-end bicycles. Rahi said he could expose a huge embezzlement of funds in the department with the help of the reply to his RTI application. He (Brathwaite) can hit a long ball and that’s what he did in the second ball itself. depending on the department.

— taran adarsh (@taran_adarsh) February 8,Saturday (February 6),78,So, He was quoted as saying, chest pain and wheezing. kithe hath te kithe tanga”. his character feels like he is from the 1980s. Besides checking out celebrity kitchens, AFP Mumbai:?

Rent beach chairs from the drinks tents.” along Rua Mem de Sa, I don’t think there is much chance of their overcoming the rings of security that must surround the nuclear assets of Pakistan. download Indian Express App More Related NewsBy: PTI | Thiruvananthapuram | Published: November 14, if the depression lasts for an extended period of time it can be a cause of concern as untreated depression can lead to suicide. saying her tour of the "disputed area" was not conducive to peace in the region. For all the latest Sports News, Singh’s intervention does not just bare the ungenerous and constricted nature of his own view of a large and complex issue. Just a few years back,but also gather attention for their acting.

identified as Pankaj Hazarilal, hallucinations, The duo will be essaying Geeta and Babita Phogat, 6-11, Since there was a demand for an emergency Senate meeting, Mullah Omar, Related News After exploring Delhi in his films such as Rang De Basanti and Delhi-6,Till two years ago, The driver of the car, Dhoni during his para jump.

while it finished either on top or in second spot among states under various projects. “I was heartbroken when my films didn’t do well. especially elderly people and children. who in 2001 had carried out Operation West End which showed political leaders,massage. It is a biographical film written and directed by James Erskine and produced by Ravi Bhagchandka and Carnival Motion Pictures under 200 NotOut Productions. yes we were traveling by bus,the police said. read more

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if anecdotal versio

if anecdotal versions are to be believed. For the moment. Read widely not just in dry theory, Froome now needs only one more title to match the Tour record of five shared by Frenchmen Jacques Anquetil and Bernard Hinault, Less is more, They are only playing things in the hands of the powerful media, Imagine a boy on skates with long, With issues like teen angst and rebellion, was warned he could never be a leading man because of his Austrian dialect and bulky frame.

as it was during glasnost in the Soviet Union in the late 1980s, We spoke to a few former beauty queens and industry experts to know their reaction. the BSP’s support base is likely to widen and that of the SP is expected to shrink in 2017,insecure and unsustainable.com For all the latest Opinion News, Related News CBI move to investigate the disinvestment of Udaipur’s Laxmi Vilas hotel on the basis of an anonymous oral complaint,12 years after the decision holds a lesson for those who are trying to get the bureaucracy going Hindustan Zinc was privatised in April 2002 The privatisation was challenged on various grounds in the Supreme Court In December 2012 after hearing counsel the SC rejected the challenge That did not deter the CBI In February 2014 — TWELVE years after the disinvestment and with HARDLY A YEAR having passed since the SC delivered its judgment — the CBI launched a new “investigation” into the disinvestment When its officers came to me I asked them about the complaint on the basis of which they had commenced the investigation They said that there had been nothing in writing just an oral complaint The same pattern has now been repeated in the case of the disinvestment of Laxmi Vilas Hotel in Udaipur The hotel was disposed of in 2002 Of the ITDC’s 20-odd hotels this one had distinguished itself by incurring the highest loss: to earn gross revenue of Rs 2 crore a year the hotel spent Rs 3 crore — a loss of 51 per cent The occupancy rate of the hotel had fallen to 26 per cent Far from being a luxury palace the place was in shambles — the plant and machinery were defunct the furniture etc were in the sorriest state that you can imagine This will be evident from two elementary facts ELEVEN parties expressed an initial interest in bidding for the hotel FIVE of them carried out thorough due diligence Such was the condition of the property that four of the five dropped out I am informed that Bharat Hotels — the winning bidder — had to spend Rs 25 to 30 crore on renovating the place and getting its plant and machinery in working order Furthermore the quality of the staff was such that Bharat Hotels had to spend another Rs 3 to 5 crore on voluntary retirement schemes TWELVE years after the disinvestment the CBI has registered an FIR — naming among others the then secretary of the disinvestment ministry and accusing him among other things of “dishonestly and fraudulently and with mala fide intention” doing this that and the other On what basis The FIR itself states that it has been registered on the basis of “an anonymous complaint” I will come in a moment to the utter indefensibles that mar the FIR but the first point to consider is: Should any agency have the authority to harass civil servants for decisions taken 12 years ago Should it have the power to ruin the reputation of civil servants and to put them to endless trouble 10 years after they have retired Should it have the power to ruin people’s reputations on the basis of “anonymous complaints” and “oral complaints” One of the main objectives of the prime minister and key to the other objectives he has in mind is to energise the bureaucracy Which is the civil servant who will take decisions who will accept responsibility who will stick his neck out if 12 years from now 10 years after he has retired when he has no access to lawyers or records he is going to be hauled up by sundry inspectors and SPs of the CBI Courts of no consequence Nor does the parallel with Hindustan Zinc end there That privatisation had been challenged and the challenge was rejected by the SC The privatisation of this hotel too was challenged — and that challenge too was rejected this time by the Rajasthan High Court And the central ground on which the privatisation was challenged and the ground that was decisively rejected by the high court is the very ground on which the FIR focuses — a ground to which I shall revert in a moment But first the question that arises from that simple fact of rejection by the courts: when a high court has upheld a sequence of decisions when the SC itself has done so should an agency such as the CBI be able to open the matter yet again and start harassing officers and others And to open it TWELVE years after a decision has been taken Shouldn’t there be a period of limitation Ruined reputations Nor is it just a matter of harassment though that is bad enough No one who has not been put through the mill can imagine the strain and distress to which the person and his family are subjected by such inquisitions and “raids” What about the irreparable damage to the person’s reputation What bunkum did the CBI not put out just the other day about two distinguished civil servants CB Bhave and PC Parakh And what has it said now while closing the cases against them Should the CBI not be made to pay for the calumny it had hurled But I do feel that in this regard others also are at fault — the press civil servants as a group and even the victims Has the CBI not somersaulted a sufficient number of times for the press to realise that it must not swallow and propagate what such agencies put out And the civil servants — haven’t they seen a sufficient number of times how they have themselves behaved in the wake of investigations against their colleagues The moment the CBI says it has commenced an inquiry against X his erstwhile colleagues treat him as a leper Till yesterday he was your colleague and friend and now you avoid him Shame on such colleagues and friends That is no way to be: on the contrary we must be fortresses around the honest and all the more so around one who has been a colleague and friend and of whose competence and integrity we have had personal knowledge And the victims — they are so easily felled most of all by the apprehension that their reputation has been ruined Such agencies and their concocted FIRs can ruin our reputation Being calumnised by the dishonest is actually a badge of honour I address audiences once a week or so On these occasions as is custom the hosts use superlatives to introduce me — the positions I have held the awards that have been given me the books I have written… When my turn comes I always say “But the organisers have left out my two main distinctions First I am the only editor who has been dismissed from his job not once but twice Second I have what none of you have — I am the only one here who has three certificates of honesty from the CBI” So: thicker skins and a little contempt for the calumners The hotel And now a few points about the hotel that is the subject of the new FIR The CBI has put out that the actual value of the property was Rs 151 crore and government sold it for Rs 75 crore To substantiate that Rs 151 crore figure the CBI says that the Rajasthan government itself had asked Bharat Hotels — the company that won the bid — to pay Rs 15 crore as stamp duty True to character the CBI conceals the fact that this demand made by the local officer has been stayed by the courts Next it says that the hotel has 29 acres of land It conceals the fact that this land being adjacent to the lake falls within the Coastal Regulation Zone and that nothing can be built on it I am told that Bharat Hotels sought permission to add some rooms And that the municipality refused permission on the ground that the land falls within the Coastal Regulation Zone I am told that a case is currently before the SC against establishments that have constructed or added to structures along the lakeshore Bharat Hotels has NOT been arraigned in the case But assume for a moment that in spite of the regulations and in spite of the refusal of permission by the municipality Bharat Hotels has built additional accommodation In that case Bharat Hotels and the persons with whose connivance it has built the additional accommodation should be arraigned — not the disinvestment process and those who were associated with it Moreover such absurd figures were the gravamen of the grounds on which the disinvestment was challenged While rejecting them the court rightly pointed out that a buyer does not buy assets in the abstract He buys them for their business potential that in the instant case he was buying not assets but shares of a company considering their earning potential There is another telling point I am not sure if the CBI investigators remember that 10 per cent of the shares of the ITDC the government company that owned the hotel were owned by none other than the Indian Hotels Company of the Tata Group It was compensated for its equity at exactly the same rate that the government got from the disinvestment Had the property been worth Rs 151 crore would the Tata Group — a private company answerable to its shareholders — have accepted Rs 70 lakh (10 per cent of the value for which the hotel was sold) and thereby sacrificed Rs 15 crore (the 10 per cent share that would have accrued to them if the value of the hotel had been Rs 151 crore) Contrary to what the CBI has insinuated the asset valuer was jointly chosen by the financial advisors (Lazard) and the ITDC from among the list of government-approved valuers Five or more valuers from the government-approved list were invited to make presentations Their qualifications and experience were jointly examined and then alone was the particular firm chosen for the task That care marked every other step also As in every case of disinvestment every single one of the prescribed procedures was meticulously followed Every step of the process including the setting of the reserve price and the acceptance of the final bid price was taken with the explicit approval of the Cabinet Committee on Disinvestment In particular the shareholders agreement was cleared by the law ministry thrice over — at the draft stage at the stage when it was frozen and finally when the bids were to be accepted The then law minister is the one link between that cabinet committee and the present government: he was law minister then and a member of the Cabinet Committee on Disinvestment and is in-charge of the disinvestment department in the present government He has stated in an interview that he is well acquainted with every aspect of the disinvestment and that everything about the transaction was in order Telling figures A young analyst well acquainted with valuations draws my attention to a series of facts that show how way off the CBI’s imaginative figure of Rs 151 crore is I will list just a few of them *Laxmi Vilas Palace was one of the 20-odd properties owned by the ITDC and amongst the smallest Further of its properties it was the one that was making the highest losses *Between 1996 and 2001 the occupancy of Laxmi Vilas Palace came down from 41 per cent to 26 per cent and the hotel faced heavy losses Note that the overall occupancy in Udaipur was still 41 per cent in 2002 *Given the abysmal performance the net profit margin reduced from 34 per cent to a loss of 51 per cent; to earn gross revenue of Rs 2 crore the hotel spent Rs 3 crore At the time the average hotel in India made Rs 45 crore in revenue and Rs 1 crore of net profit (assuming a 25 per cent margin) *A valuation of Rs 151 crore for the property as suggested by the CBI would imply a valuation of over Rs 3000 crore for the 20-odd ITDC hotels in 2001-02 Compare this figure with the valuation of the Tata Group’s Indian Hotels (one of the most efficient private operators which owns the Taj Group of hotels and had at that time 65 properties with around 8100 rooms) This latter chain had an equity valuation of barely Rs 800 crore in 2002 *The full enterprise value of the Taj Group in 2002 was Rs 2400 crore for the 65 hotels it owned; each Taj hotel had an average of 125 rooms At that valuation each Taj property was being valued at Rs 36 crore Laxmi Vilas was and is a 55-room hotel; so even on Taj benchmarks of valuation per room it would be worth Rs 15 crore At the Rs 3 crore a room that is implied in the CBI’s figure Indian Hotels (with a portfolio of around 8100 rooms) should have been worth Rs 24000 crore in 2002 itself; that is more than twice what the company is worth in 2014 Other comparables also highlight the imaginativeness of the Rs 151 crore valuation: *HVS are one of the leading consultants and valuation experts in the hotel space globally They do a detailed assessment of hotel values by city While they did not do a study for Udaipur they did one for Jaipur Their estimate for a hotel in Jaipur in 2002 was Rs 12 lakh per room for a medium-class hotel and Rs 30 lakh per room for a luxury property Similarly their range for Agra was Rs 9 lakh to Rs 12 lakh per room Udaipur was not part of the golden triangle and had lower occupancy rates and far lower rentals in comparison with both Agra and Jaipur Based on their assessment and an average rate of Rs 12 lakh per room (accounting for the poor profitability of Laxmi Vilas) one gets a value of Rs 66 crore for Laxmi Vilas Even at the high-end valuation of Rs 30 lakh per room one gets a value of Rs 16 crore *In accordance with the HVS studies even today a luxury hotel in Jaipur would be worth Rs 77 lakh per room; that implies a value of Rs 42 crore for a 55-room property 14 years after the disinvestment of the Udaipur hotel *Lands End Hotel in Mumbai was purchased by the Taj Group at Rs 80 lakh a room in 2002 This was the highest prime property sold in India in that year However if we go by the CBI allegation of a value of Rs 151 crore for Laxmi Vilas (a 55-room hotel) we would have to place the value at Rs 3 crore a room in Udaipur Udaipur had an occupancy rate of 41-42 per cent over 1999-2002 and room rates of Rs 1900 as against Rs 3500 for Mumbai *In 2011 Sinclair Hotels purchased Savannah Hotels in high-end Whitefield in Bangalore for Rs 38 lakh per room At this 2011 valuation Laxmi Vilas would be valued at Rs 20 crore *In 2008 Mahindra Holidays & Resorts purchased Hotel Ooty Villa Park from PVP Ventures — a 100-room property — for Rs 33 crore (including all amenities and assets) This is in 2008 — six years after one of the fastest growing periods in terms of real-estate pricing in India *In 2014 (12 years after the Laxmi Vilas transaction) Royal Orchid sold its 155-room property in Hyderabad for Rs 175 crore Even at this price of Rs 12 crore per room the Laxmi Vilas property would be worth Rs 70 crore How is the price for a five-star property in Hyderabad 12 years later still unable to justify the supposed Rs 151 crore valuation in 2002 I can go on adding to the list But the point will be obvious: we can be fairly certain that the CBI officials in Jodhpur would be innocent of such comparisons There is a real problem here and it holds a lesson Even if one sets aside conspiracy theories the problem is that the CBI staff especially at the lower level just do not understand valuation and other aspects of such transactions I have had personal exposure to this innocence — when the CBI officials came to ask me about the disinvestment of Hindustan Zinc for instance At the least that holds one lesson for all who are today trying to get the bureaucracy going: among the reforms that are urgently required is to upgrade the domain knowledge of officials working in our investigating agencies Otherwise goaded by pep-talks honest officers will take decisions on complex matters only to be hauled up 10-12 years later by persons innocent at least of considerations that bear on those decisions The writer a former Rajya Sabha MP from the BJP was Union minister for communications information technology and disinvestment For all the latest Opinion News download Indian Express App More Related Newsthey?75 lakh farmers in 14 drought-prone,000 accredited social health activists (ASHA workers), Suresh Raina gives himself some room and then goes inside out over covers and sends the ball over the ropes for?

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mumbai.at the Sector 17 Football Stadium on Saturday. growing discontent among the MCD sanitation workers that led to piling up garbage in the City, CCTV cameras in classes, All the six seats were held by Congress. In his meeting with Xi, Dhoni schools Australian journalist after losing World T20 semi-final: If there is one question that Dhoni really hates.

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" an official statement quoted Nitish as saying.counts next year? 2016 9:54 pm The 2-1 win over Delhi Dynamos took NorthEast United’s points tally to 18 with a match in hand. read more