NEWS FROM THE WORLD OF JOURNALISTS:JAI

Journalist Association of India

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• H K Sethi said: “The JAI & JFI condemns the attacks on journalists & media government immediately compensate the journalists and the media houses
• H K Sethi Good Morning
• Good Morning
• McDonald’s says won’t settle out of court with Vikram Bakshi over franchise issue McDonald tells NCLAT that it does not want an out-of-court settlement with estranged franchise partner Connaught Plaza Restaurants Harveen Ahluwalia
• Narendra Modi’s cash ban a ‘total failure’ as 99% of banned currency notes back Narendra Modi government had estimated about Rs5 trillion wouldn’t be declared after demonetisation, indicating that this was cash stashed away illegally to avoid tax

H K Sethi said: “The JAI & JFI condemns the attacks on journalists & media government immediately compensate the journalists and the media houses Posted: 31 Aug 2017 03:31 AM PDT JOURNALISTS FEDERATION OF INDIA (JFI) joins hand with JOURNALIST ASSOCIATION OF INDIA  in strongly condemning the attacks on electronic & print journalists & their property in Panchkulla, India following a court verdict. The JFI demands urgent action from the State as well as Central Govt. of India to ensure security for journalists to carry out their duties & punishment to those attacking journalists. On August 25, after the self-styled ‘Godman’ Ram Rahim was found guilty by a special CBI court, on charges of rape and sexual assault of two female devotees in year 2002, his followers ran amok and attacked Media vehicles & journalists in Haryana and Punjab. At least four outdoor broadcasting (OB) Vans of Media Houses – , Republic TV, India Today, NDTV& E24 – were toppled, damaged and burnt near the court premises in Panchkula, Haryana. Apart from this, at least 38 media personnel have registered a complaint /FIR with police regarding loss of equipment and vehicles. Reporter Rakesh Kumar and video journalist Shipendar Happy from PTC News were attacked and robbed in Sirsa, near Dera Sacha Sauda, the headquarters of Ram Rahim. JAI Secretary General H K Sethi said: “I on behalf of Media fraternity demand adequate compensation to the injured journalists; & appeal to state & Central Govt. of India to ensure that such incidents do not occur in the future.  We demand that the government immediately compensate the journalists and the media houses for the damage suffered. JAI & JFI demands immediate strongest action against the culprits and their instigators to prevent recurrence of such incidents and compensate the loss of the media.” The Secy. General of JAI H K Sethi said: “The JAI & JFI condemns the attacks on journalists & media by supporters of Gurmeet Ram Rahim Singh and urges the Indian Govt. to ensure safe working environment for journalists in INDIA amidst the growing violence and hopes for justice to be delivered in the case of 2002 murder of journalist Chhatrapati” & in incident of 25th Aug 2017. For further information contact JAI on +919899462353 H K Sethi https://en.wikipedia.org/wiki/HK_Sethi The post H K Sethi said: “The JAI & JFI condemns the attacks on journalists & media government immediately compensate the journalists and the media houses appeared first on Journalist Association of India.

H K Sethi Good Morning Posted: 31 Aug 2017 02:52 AM PDT Every great dream begins with a dreamer. Always remember, you have within you the strength, the patience, and the passion to reach for the stars to change the world. *Good Morning wishes with lol. Always Stay Blessed.* H K Sethi Secy. General *JOURNALIST ASSOCIATION OF INDIA* Mob: 9899462353 https://en.m.wikipedia.org/wiki/HK_Sethi www.jaoi.org The post H K Sethi Good Morning appeared first on Journalist Association of India.

Good Morning Posted: 31 Aug 2017 02:44 AM PDT Mob: 9899462353 HK Sethi – Wikipedia H K Sethi is famous Journalist of India. H K Sethi was born on December 3, 1963 in New Delhi, India and he is a famous journalist, socialite, educationist and in Film Production too.[1] H K Sethi is currently the Secretary General Journalists Federation of India [2] & Journalist Association of India… EN.WIKIPEDIA.ORG The post Good Morning appeared first on Journalist Association of India.

McDonald’s says won’t settle out of court with Vikram Bakshi over franchise issue McDonald tells NCLAT that it does not want an out-of-court settlement with estranged franchise partner Connaught Plaza Restaurants Harveen Ahluwalia Posted: 31 Aug 2017 02:28 AM PDT New Delhi: McDonald’s India Pvt. Ltd (MIPL), the Indian subsidiary of the American fast food chain, has told the National Company Law Appellate Tribunal (NCLAT) that it does not want an out-of-court settlement with estranged franchise partner Vikram Bakshi. MIPL’s stand was taken on record by NCLAT, which had on 25 August asked both parties to try and settle the disputes that had led to the estrangement and keep the 169 McDoald’s outlets they operate in north and east India open and running while the talks are on. “We informed NCLAT today that we wish to proceed with the appeal,” said Barry Sum, director, corporate relations, Asia Foundational Markets, McDonald’s Corp. The tribunal issued notices to both parties and asked them to file their replies within a week. “Without going into the question as to who is in default, we understand that there is no chance of amicable settlement,” said NCLAT chairperson S. J. Mukhopadhaya during the hearing. NCLAT is hearing two separate appeals. One was brought by McDonald’s India against a National Company Law Tribunal (NCLT) order of July reinstating Bakshi as managing director of Connaught Plaza Restaurants Ltd (CPRL), the franchise arm. Bakshi has filed an appeal requesting a fair valuation of the burger chain’s outlets in northern and eastern India. “We filed a separate plea so that in case the two parties can’t reach a settlement, the NCLAT chairman has a right to order a fair valuation for one partner to buy the stake of another. After today, there is no option for us but to proceed with further litigation. We will figure out to where to get a stay order,” said Bakshi. McDonald’s India, on 21 August, terminated its franchise agreement with CPRL for all 169 outlets, citing non-payment of royalties as the reason. CPRL is supposed to shut the outlets down within 15 days of termination (by 6 September). In 2013, McDonald’s had voted against the re-election of Bakshi as managing director of CPRL, following which Bakshi challenged his removal at the Company Law Board (now NCLT), accusing McDonald’s of mismanagement and oppression. NCLT reinstated Bakshi as the managing director on 13 July and restrained McDonald’s Corp. from interfering in the functioning of CPRL. The case will be heard next on 21 September. (Priyanka Mittal contributed to the story) The post McDonald’s says won’t settle out of court with Vikram Bakshi over franchise issue McDonald tells NCLAT that it does not want an out-of-court settlement with estranged franchise partner Connaught Plaza Restaurants Harveen Ahluwalia appeared first on Journalist Association of India.

Narendra Modi’s cash ban a ‘total failure’ as 99% of banned currency notes back Narendra Modi government had estimated about Rs5 trillion wouldn’t be declared after demonetisation, indicating that this was cash stashed away illegally to avoid tax Posted: 31 Aug 2017 02:11 AM PDT Anirban Nag Archana Chaudhary Mumbai/New Delhi: Indians have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank’s profit and dealing a blow to his drive to unearth unaccounted wealth. Banks have received Rs15.28 trillion ($239 billion), or 99% of the currency invalidated, the Reserve Bank of India said in its annual report on Wednesday. The government had initially estimated about Rs5 trillion wouldn’t be declared following the sudden move on 9 November, indicating that this was cash stashed away illegally to avoid tax. The cash ban prompted the central bank to print new currency, reducing its profit and cutting annual dividend payout to the government by half. “This data proves that demonetisation was a total failure,” said Mohan Guruswamy, chairman of New Delhi-based Centre For Policy Alternatives, who’d advised a previous government led by the current ruling party. “The prime minister obviously had overstated his case. You’ve lost so many jobs across sectors. How can people trust Mr. Modi and his numbers?” Supporters of the cash ban saw the action as a battle against the rich who salt away their wealth without paying taxes. Modi’s party had a landslide victory in a key state soon after the move to ban 86% of the nation’s cash, though subsequent data show that the economic shock has slowed growth and investment in Asia’s No. 3 economy. Slowdown A raft of economic data since the note ban decision have signalled that $2 trillion economy was hurt by the cash clampdown, raising fears that the economic growth would stall. Growth in the quarter ended March 2017 slowed to 6.1% from a year earlier. It expanded 7% pace in the previous quarter. Gross domestic product data for April-June due at 5.30pm in New Delhi on Thursday will help assess the lingering impact of the cash ban or whether it had faded. Also read: Was demonetisation worth it? Electronic payments have risen 21% since November to Rs113.7 trillion in July, though they dipped from its peak of Rs150 trillion in March, central bank data show. While some economists blame Modi for the economic slowdown, he politically gained by winning elections in Uttar Pradesh, country’s most populous state, as rural poor supported the move with a belief that his actions would even out the scale of inequality and reduce corruption. The fact that the bulk of the banned notes have been returned “shows that the banking system and the RBI were able to effectively respond to the challenge of collecting such a large number” of notes in a limited time, the finance ministry said in a statement on Wednesday. It touted an increase in tax payers and an “almost entire” stop to terror funding following the cash ban as examples of its success. “Some people had expected a very large shock to economic growth on account of demonetisation,” the statement read. “Their expectations have been belied.” Nobel prize Opposition parties were quick to blame the government and the central bank for the demonetisation drive. The RBI lost more money on printing notes compared to the bills that were permanently extinguished, former finance minister Palaniappan Chidambaram said. “The economists deserve Nobel Prize,” Chidambaram said on a Twitter post. Also read: How demonetisation was unprofitable for RBI The bank spent Rs7,965 crore to create new cash in the year through 30 June, it said in its annual report published on Wednesday. That was the highest in at least 17 years and compares with Rs3,421 crore and Rs3,760 crore for the previous two years. “The upsurge in expenditure during the year was on account of change in the production plan of printing presses due to the introduction of new design notes,” the central bank said in its annual report. “To ensure availability of bank notes across the country at the shortest possible time subsequent to the demonetisation, bank notes had to be frequently air-lifted from the presses.” Higher costs ate into profits, compelling the monetary authority to cut its dividend to the government. The smaller payout imperils India’s budget deficit target, because Modi boosted spending to compensate for a drop in private investment and consumption following the cash ban shock. Bloomberg The post Narendra Modi’s cash ban a ‘total failure’ as 99% of banned currency notes back Narendra Modi government had estimated about Rs5 trillion wouldn’t be declared after demonetisation, indicating that this was cash stashed away illegally to avoid tax appeared first on Journalist Association of India.