Nagaland Post www.nagalandpost.com
Vol XXXIII No. 162
DIMAPUR, SATURDAY, MAY 20, 2023 Pages 12 ` 5.00
RR beat PBKS by 4 wkts to keep play-off hopes alive SPORTS, PAGE 12
Zelenskyy to attend G7 summit Sunday
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INTERNATIONAL, PAGE 9
SC panel’s clean chit to Adani group: prima facie no violation RBI to withdraw Rs 2,000
NEW DELHI, MAY 19 (AGENCIES): A Supreme Court-appointed panel of experts examining India’s regulatory mechanism in an investigation linked to the Hindenburg allegations has given a clean chit to the Adani Group and has said it appears there was no regulatory failure on the part of market regulator SEBI. The experts’ committee comprising domain experts has also said there was no price manipulation on the part of the Adani Group and that the conglomerate had taken necessary steps to comfort retail investors. The mitigating measures taken by the group had helped in building confidence in the stock and the stocks are stable now, the panel said. “At this stage, taking into account the explanations provided by SEBI, supported by empirical data, prima facie, it would not be possible for the committee to conclude that there has been
a regulatory failure around the allegation of price manipulation,” the panel said in the report submitted to the Supreme Court. It also said there is a need for an effective enforcement policy that is “coherent and consistent” with the legislative position adopted by SEBI or Securities and Exchange Board of India. The Supreme Court had appointed the committee of domain experts alongside the investigation that SEBI was conducting into Hindenburg’s allegations against the Adani Group.
The committee, which recently submitted its findings to the Supreme Court, said SEBI had found out some entities had taken a short position before the Hindenburg report and had profited after the price crashed following the report. The committee found no pattern of artificial trading or wash trades among the same parties multiple times. No coherent pattern of abusive trading came to light either, said the committee. No regulatory failure was found regarding Mini-
mum Public Shareholding and there was no violation of compliances, the committee said. The committee clearly stated that the regulator had not been able to prove that its suspicion can be translated into a firm case of prosecuting an allegation of violation. Foreign portfolio investors in Adani Group stocks are compliant with SEBI’s regulations, the The members of the SC-appointed group are retired Supreme Court judge Justice AM Sapre, retired Bombay High Court judge Justice JP Devadhar, former State Bank of India Chairman OP Bhatt, former ICICI Bank chief KV Kamath, Infosys co-founder Nandan Nilekani and securities and regulatory expert Somasekhar Sundaresan. The Supreme Court had earlier this week granted SEBI time till August 14 to complete its probe into the Hindenburg allegations.
notes from circulation Conclusions ‘predictable’: Cong NEW DELHI, MAY 19 meet the currency require-
PTI: With a Supreme Court-appointed expert committee stating that it cannot conclude any regulatory failure around Adani Group’s stock rallies, the Congress on Friday said the conclusions were “predictable” but to spin the report as having given a clean chit to the conglomerate is “wholly bogus”. Stressing the need for a joint parliamentary committee probe, Congress general secretary Jairam Ramesh said the party has all along been saying that the expert panel appointed by the Supreme Court has “extremely limited terms of reference and will simply be unable (and perhaps unwilling too) to unravel the Modani scam in all its complexity”. Ramesh in a long post on Twitter highlighted five observations from the report and said “contrary to the
Jairam Ramesh
boasts of the Modi government, the Committee has found that regulations have moved in direction of opacity that facilitates the disguise of ultimate beneficial ownership”. The committee is unable to come to any definitive conclusion regarding violation of SEBI laws by the Adani Group, he said. Since no definitive conclusion can be drawn on the basis of information it had, the Committee concludes that there has been no regulatory failure by SEBI, Ramesh said. (Cont’d on p-8)
(PTI/AGENCIES): In a surprise move, the Reserve Bank of India (RBI) on Friday announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Unlike the November 2016 shock demonetisation when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender till September 30. RBI has advised banks to stop issuing Rs.2000 notes with immediate effect. The Rs.2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to
ment of the economy in an expeditious manner after the withdrawal of legal tender status of all Rs.500 and Rs.1000 banknotes in circulation at that time. In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, exchange of Rs.2000 banknotes into banknotes of other denominations can be made upto a limit of Rs.20,000/- at a time at any bank starting from May 23, 2023. “Most of the Rs.2000 notes that are in circulation will return to banks within the given time frame of 30th September. This is a routine exercise of RBI and people need not panic,” news agency ANI quoted citing sources
Notes can be deposited till September 30
Monsoon expected EF&CC minister calls for biodiversity conservation DDCF appeals to authorities to to advance in D I M A P U R , M AY 1 9 Mission LIFE to contribute He however lamented one of 175 countries that look into deplorable road condition Minister of Envi- to “Building Back Biodiver- that humankind today was were signatories to it. Nagaland: S&WC (NPN): ronment, Forest and Climate sity” for the present and the faced with unprecedented He also mentioned that D I M A P U R , M AY 1 9 the traffic woes and deplor- plorable road condition esD I M A P U R , M AY 1 9 (NPN): South-west monsoon, which is considered as the lifeline of agri-based economy, is expected to advance in Nagaland. In a press release, soil & water conservation (S&WC) joint secretary & state nodal officer for meteorology, Rongsenlemzung, stated that south-west monsoon comes at a time when part of the State was experiencing high maximum temperature. In the last five days, as recorded by the department of S&WC, the temperature of the State recorded an average maximum temperature of 24.2ºC, while minimum temperature hovered at 16.3ºC. The highest temperature of 37.0ºC was recorded at Jalukie station on May 17 and the lowest minimum temperature of 10.6ºC was reported at Zunhebolo station on May 15. Total accumulative rainfall of 845.9mm was recorded over different stations. Highest rainfall of 46.0mm (moderate rainfall) was reported on May 15 at Meluri station. Chief amount of rainfall in the last 24 hours was recorded as 13 8mm in the State. In its daily weather bulletin, the India Meteorological Department (IMD) has precited that light to moderate widespread of rainfall with thunderstorm and gusty wind was likely to continue in the State for the next few days.
This is it!
“Earlier it was hugging each other and now it’s drumming together. Rahul comes up with ideas for unity.” K Y M C
Change C.L. John pointed out that since the lion’s share of State’s biological resources (88.3%) was owned by individuals and communities, they could play a major role in biodiversity conservation as compared to other stakeholders. The minister’s message was on the the eve of International Day for Biodiversity where he also urged upon village communities, civil society organisations, government organisations, teachers and student community, NGOs and individuals to take part in
future generation. John also acknowledged the roles played by various organisations g in conservation of biodiversity and protection of environment. He further stressed that biodiversity was the foundation of human existence, providing food, shelter and all ecosystem services. The minister reiterated that interconnectedness of all living organisms and their habitats that helped ecosystem function harmoniously, which help create a suitable environment and ensuring sustainability.
challenges that threatened the delicate ecosystems due to alarming rate of biodiversity loss, environmental degradation and climate change. He attributed these to habitat destruction, pollution and over exploitation of natural resources. Taking into account the importance of biodiversity for survival and wellness of human being, the minister said world leaders signed the UN Convention on Biological Diversity, which came into force on December 29, 1993. He mentioned that India was
in December 2000 the UN General Assembly had adopted May 22 as the International Day of Biodiversity to increase understanding and awareness on biodiversity issues. Hence, the global community celebrated the day every year with specific themes. The minister stated that this year’s “From Agreement to Action- Build Back Biodiversity” was in sync with the adoption of Kunming-Montreal Global Biodiversity Framework (GBF) at the 15th Conference of Parties (COP 15).
(NPN): Dimapur city, Dimapur District Citizens’ Forum (DDCF) has expressed disappointment with the traffic congestions and deplorable condition of the roads in Dimapur and has therefore, urged upon the authority responsible to address related issues. DDCF through its media cell, informed several issues including road infrastructure were discussed during its first executive meeting held at Hotel Saramati, Dimapur on May 13, 2023. DDCF said at the meeting, (Cont’d on p-7) the house discussed about
able condition of the roads. In particular, the house noted that the busy and important stretch from DC junction to Kalibari Road via GS Road and Dillai Gate to Station Road via Tragopan junction happened to be the locality where the community paying highest revenue resided. The house also noted that there was no proper street lights along the streets in the heart of the city, even though every resident the localities pay street light fee. DDCF has, therefore, urged upon the responsible authority to address the de-
pecially along the mentioned stretches before the monsoon season sets in. It also urged upon the authority to provide proper street lights and also come up with a better plan to also address the traffic woes of Dimapur city. DDCF expressed hope that the administration would take note of the issues raised and address them accordingly for a better Dimapur city. Meanwhile, the forum has appreciated the Ao Senso Telongjem Dimapur for hosting the executive meeting.
Lok Sabha polls 2024: ECI allocates EVMs, VVPATs State govt initiates major bureaucratic rejig D I M A P U R , M AY 1 9 (NPN): In view of the conduct of upcoming general elections to the Lok Sabha, 2024, the Election Commission of India has already allocated the required quantity of EVMs & VVPATs to be used in all the 2315 existing polling stations in Nagaland. In a press note, chief electoral officer (CEO) Nagaland, V Shashank Shekhar, informed that Nagaland would use the latest M3 model EVMs & VVPATs manufactured by ECIL (Electronic Corporation of India Limited), Hyderabad, a Public Sector Undertaking of the Ministry of Atomic Energy.
CEO informed that the total quantity of EVMs and VVPATs allocated was 3945 Ballot Unit (BU), 4736 Control Unit (CU) and 4252 VVPATs, out of which, 550 BUs, 1450 CUs and 900 VVPATs were newly manufactured machines and the rest EVMs & VVPATs were the same machines used dur-
ing the recently conducted State Assembly Election in February 2023 excluding those malfunctioned machines. With this allocation, CEO said Nagaland would have BU 170%, CU 204% and VVPAT 183% of the total existing 2315 polling stations in the State, which is sufficient to conduct the upcoming Lok Sabha 2024 elections. From the newly manufactured EVMs & VVPATs, CEO said 250 BUs, 1150 CUs and 600 VVPATs have already reached the respective districts of the State. He said that for the remaining, 300 each of BU/ CU/VVPAT all necessary
D I M A P U R , M AY 1 9 (NPN): Nagaland government in a notification ordered the transfer and posting of IAS/NCS/NSS officers with immediate effect. Himato I. Zhimomi, principal secretary Urban & Municipal Affairs is transferred as pr. secy. Geology & Mining & NRE vice K. Libanthung Lotha, IAS relieved of Geology & Mining and V. Maria Yanthan, IAS relieved of NRE. Anenla T Sato, IAS commr. & secy. WRD & Horticulture shall hold additional charge of H&TE vice Kenilo Apon relieved. Sushil Kumar Patel, IAS commr. & (Cont’d on p-8) secy. Labour & Emp and Fi-
arrangements were being made to collect from ECIL Hyderabad by the month of June 2023. Workshop: As part of the preparedness for the upcoming Lok Sabha election in 2024, the office of CEO Nagaland has tentatively scheduled to conduct workshop on first level checking of EVMs & VVPATs for the district election officers/ returning officers/assistant returning officers in the last week of September. The workshop would sensitize and equip the officers for handling and management of the EVMs & VVPATs.
nance shall hold additional charge of Tribal Affairs and relieved of Finance. Kenilo Apon, IAS commr. & secy. H&TE and Tribal Affairs is transferred as commr. & secy. Urban & Municipal Affairs. Kevekha Kevi Zehol, NCS commr & secy excise is transferred as commr & secy Agri (APC cell). Asangla Imti, NCS commr & secy H&FW on promotion is transferred as commr & secy Power, V. Kezo commr & secy Finance shall hold additional charge of Land Resources vice Vikeyie Kenya, IAS relieved. Akumla Chuba, NCS director YRS is transferred as secy. Horticulture vice
Anenla T Sato, relieved. Zarenthung Ezung, NCS, secy. Urban Development is transferred as secy. Land Revenue. Limawabang Jamir, NCS secy. School Education is transferred as secy F&CS/LMCP. R Soundararajan, IAS secy to governor & transport shall hold additional charge of IT&C and Eco & Stats and relived of transport. Mohammed Ali Shihab A. IAS secy. Power is transferred as secy. transport. Angelina Tajen, NCS secy plg & trans is transferred as secy. H&FW. Arenla Jamir, NCS secy land resources is transferred as secy plg & trans. (Cont’d on p-8)
Revoke transfer of asst. profs: Village council, student bodies appeal CM, DyCM and others condole D I M A P U R , M AY 1 9 (NPN): Khensa Village Council (KVC) and Khensa Students’ Union (KSU) and have appealed to the higher & technical education (H&TE) department to retain the transferred assistant professors at Mokokchung College of Teacher Education, Yimyu. In a letter addressed to the commissioner & secretary H&TE, KSU president Putuchiba Walling and KVC chairman I Alemmeren Longchar expressed deep concern over the relocation of two teachers on attachment basis from MCTE. The signatories said that relocation of two teach-
ers would create shortage of teaching faculty and derecognition of B.ed College from MCTE. Therefore, KSU and KVC has appealed to the department to revoke the order immediately in the larger interest of the public and the student community. The two bodies warned that they cannot remain a mere spectator when the education system in the district was affected resulting in a negative impact on the students. KSU said it would leave no stone unturned in its demand to revoke the transfer order of the teachers.
FACSU appeal: Reacting to the recent government order transferring teachers/ assistant professors, the Fazl Ali College Students’ Union (FACSU) has appealed to the state government to reconsider its order and retain the transferred assistant professors at Fazl Ali College. FACSU general secretary Tushikaba stated that at a time when FAC was already understaffed, the government issuing transfer order has “immensely disheartened” the students. The union stated that sudden displacement of teachers has led to disruption in the learning process. It stated that sending away
five teachers for a duration of six months, which was an entire semester in an academic session, would have irreparable repercussions. FACSU stated that introduction of the four-year undergraduate programme (FYUGP) under the New Education Policy (NEP) from the new academic session, 2023 concurrent with the old Nagaland University Syllabus (2012) and the Choice Based Credit System (CBCS) since 2022 would put additional strain on the college’s departments. It stated that as per the University’s Order dated March 24, 2023, the FYUGP NEP “needs to
be implemented from the coming academic session of 2023.” The union said that the English syllabus, which previously had 15 papers, would now have no less than 27 papers to teach in all the semesters. Similarly, the union said that Botany syllabus, which had 24 papers previously, would now have 51 papers-- practical included. As such, it said the college would require additional staff in all departments immediately. FACSU stated that the situation has been further hampered by government transfer order.
demise of Phukayi’s wife Tokheli
D I M A P U R , M AY 1 9 (NPN): Nagaland chief minister Neiphiu Rio, deputy chief minister Y. Patton and others have condoled the demise of Tokheli Sumi, wife of Pukhayi Sumi, former MLA and advisor, who breathed her last on May 19, 2023 after prolonged illness. Rio described late Tokheli as a compassionate and supportive wife, mother and grandmother. She was a humble person, who feared the Lord and taught her children to be kind and loving to others, he added. Rio said that the family has lost a (Cont’d on p-7) pillar and the void left by her
absence would be deeply felt. “The pain you must be going through is unimaginable but throughout her sickness you have been there for her and gave your best to care for her. Indeed, no words are enough to fathom the loss, however, let us reminisce the good memories and celebrate her life,” Rio said in his condolence message to Pukhayi Sema. Rio, joined by his family, conveyed deepest condolences to the bereaved family members and prayed that Almighty God grant them strength, courage and comfort (Cont’d on p-7) K Y M C