End of Good Times Now? Mallya wants Arnab behind bars for slander, deceit

March 11, 2016

mallya3 New Delhi, Mar 11: Under fire from the media, politicians and middle class, liquor baron Vijay Mallya, who owes Rs 9,000 crore to various banks, has reiterated that he is not an absconder but an international business man who travels to and from India frequently.

Mallya had left the country on 2 March, the day the State Bank of India filed a petition in the Bengaluru debt recovery tribunal seeking to impound his passport.

In a series of tweets, Mallya said he has not fled from India:

He has also accused the media of carrying out a witch hunt:

And also a veiled threat to the media:

The banks, who gave him loans after loans to keep his dying aircraft afloat, also came under fire:

It is the second time in as many weeks that Mallya is clarifying that he is not an absconder.

However, this time his clarification raises serious questions since this has come at a time when media reports have details about how he managed to fly out the country just a day after he attended the Rajya Sabha session.

A report in The Times of India on Friday says "the "wilful defaulter's" flight out of India (on 2 March) was in the lap of luxury". Giving out further details, the report citing a government official says that Mallya flew out in Jet Airways' Delhi-London flight 9W 122 on 2 March on a first class ticket. He was also accompanied by a woman and had seven huge baggages, the report says, which doesn't quite seem like a business trip.

Also if he is indeed not an absconder why did he not disclose his location in at least his tweets?

However, PTI had earlier reported that he may be in his country home in an English village about an hour's drive north of London.

The UB Group chairman and Rajya Sabha member is thought to have driven to his 'Ladywalk' estate in the village of Tiwen near St Albans in Hertfordshire from his London home near Baker Street area earlier this week, the report said.

This is likely to be true as he had only last month after his sweetheart deal with Diageo said that he wanted to move to the UK to be closer to his children.

"My statement as to my personal future after quitting Diageo/USL — that I want to spend more time in England closer to my children — has been grossly distorted and mis-portrayed.

I wish to reduce my business commitments gradually and devote more time to my family, and that my resignation from United Spirits was a step in this direction," he had said in the statement after the deal.

As part of the deal he resigned as chairman and director of United Spirits, the company he had sold to Diageo; agreed not to compete with Diageo in spirits business the world over for the next five years; and not to interfere in its Indian arm's business matters. Mallya was also to get a severance package of $75 million of which he may have already received $40 million as initial payment.

Even his tweet about the asset declaration in the Rajya Sabha has to be taken with a pinch of salt. A report in NDTV says the affidavit he filed in 2010, when he became the Rajya Sabha member for the second time, shows that he has no property and debt.

However, contrary to the declaration that he owns no property, PTI report says Mallya owns plush properties in California and the UK, has one of the biggest country homes on Queen Hoo Lane in the village of Tewin.

Moreover, attorney general Mukul Rohatgi had told the Supreme Court that abroad Mallya has assets, both movable and immovable, which are far excessive to loans secured by him here.

The Supreme Court on Monday ordered to issue notice for him to return to India with his passport. It is expected to be served to him via the Indian High Commission in London some time this week, the sources have told PTI.

However, the Indian mission has so far issued no statement on the timeline of the notice.

He likes to drop in at the local pubs during his visits there but has not been spotted around the village so far this week, choosing to stay inside his 30-acre estate guarded by customary iron gates that mark most sprawling country estates in English villages, the PTI report said.

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News Network
February 14,2020

New Delhi/Washington, Feb 14: India has offered to partially open up its poultry and dairy markets in a bid for a limited trade deal during US President Donald Trump's first official visit to the country this month, people familiar with the protracted talks say.

India, the world's largest milk-producing nation, has traditionally restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry.

But Prime Minister Narendra Modi is trying to pull all the stops for the US President's February 24-25 visit, aimed at rebuilding bonds between the world's largest democracies.

In 2019, President Trump suspended India's special trade designation that dated back to 1970s, after PM Modi put price caps on medical devices, such as cardiac stents and knee implants, and introduced new data localization requirements and e-commerce restrictions.

President Trump's trip to India has raised hopes that he would restore some of the country's US trade preferences, in exchange for tariff reductions and other concessions.

The United States is India's second-largest trade partner after China, and bilateral goods and services trade climbed to a record $142.6 billion in 2018. The United States had a $23.2 billion goods trade deficit in 2019 with India, its 9th largest trading partner in goods.

India has offered to allow imports of US chicken legs, turkey and produce such as blueberries and cherries, government sources said, and has offered to cut tariffs on chicken legs from 100 per cent to 25 per cent. US negotiators want that tariff cut to 10 per cent. The Modi government is also offering to allow some access to India's dairy market, but with a 5 per cent tariff and quotas, the sources said. But dairy imports would need a certificate they are not derived from animals that have consumed feeds that include internal organs, blood meal or tissues of ruminants.

New Delhi has also offered to lower its 50 per cent tariffs on very large motorcycles made by Harley-Davidson, a tax that was a particular irritant for President Trump, who has labelled India the "tariff king." The change would be largely symbolic because few such motorcycles are sold in India.

President Trump will be feted in PM Modi's home state of Gujarat, then hold talks in New Delhi and attend a reception that the hosts have promised will be bigger than the one organised for former president Barack Obama in 2015.

But it is far from clear whether India's offers will be enough to satisfy US Trade Representative Robert Lighthizer, who cancelled plans for a trip to India this week. Instead, he has held telephone talks with Commerce Minister Piyush Goyal.

The US dairy industry remained sceptical on Thursday that a viable deal is at hand.

"We're always looking for market access, but in terms of India, as of today I'm not aware of any real progress going on," said Michael Dykes, president of the International Dairy Foods Association and a member of USTR's agricultural trade policy advisory committee.

Mr Dykes said the US dairy industry was looking for access in viable commercial quantities.

A USTR spokesman and India's trade ministry did not respond to requests for comment.

A parliament panel is reviewing a draft data privacy law that imposes stringent controls over cross-border data flows and gives the government powers to seek user data from companies.

It is not clear whether it will be passed, or in what form, but the possibilities have unnerved US companies and could raise compliance requirements for Google, Amazon.com Inc, and Facebook.

The draft law is not part of the trade discussions, Indian officials say, because the issue is too difficult to resolve at the same time.

"The privacy and localization piece will be raised independently and in concert with the trade discussions," said a Washington-based source with knowledge of the US administration's thinking.

President Trump on Tuesday was non-committal about sealing a trade deal before his visit. "If we can make the right deal, we'll do it," he told reporters.

Two US sources said progress had been made on proposed alterations to the medical device price caps. India's new import tariffs on medical devices, walnuts, toys, electronics and other products on February 1 surprised US negotiators, however.

The new tariffs were aimed at China, which also makes medical devices, according to an Indian government source. "We have to protect our market and our companies," the source said.

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News Network
March 25,2020

Chennai, Mar 25: Tamil Nadu reported its first Covid-19 death at the Rajaji Government Hospital in Madurai this morning. The 54-year-old man from Madurai had no history of travel to any coronavirus-affected state or country.

However, he did have contact with two Thai nationals who had tested positive for Covid-19 and are undergoing treatment in isolation in Erode.

"Despite our best efforts, the #COVID-19 +ve Pt at MDU, #RajajiHospital, passed away few minutes back. He had medical history of prolonged illness with steroid-dependent COPD, uncontrolled Diabetes with Hypertension,” Tamil Nadu health minister C. Vijayabaskar tweeted.

The patient tested positive for the coronavirus on March 23. Yesterday the minister had disclosed that the patient had not responded well to treatment due to his medical condition. “He has a medical history of prolonged illness with steroid dependent COPD, uncontrolled diabetes with hypertension,” he said.

As of Wednesday morning, the total number of Covid-19 infected patients in Tamil Nadu was 18, including one patient who has recovered.

The latest patients include a 65-year-old man who returned from New Zealand and is currently in isolation at a private hospital, a 55-year-old woman from Saidapet who is currently in quarantine Kilpauk Medical College Hospital, and a 25-year-old who returned from London and is undergoing treatment at the Rajiv Gandhi Government General Hospital.

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News Network
April 19,2020

New Delhi, Apr 19: The government on Sunday prohibited the sale of non-essential items through e-commerce platforms during the ongoing lockdown, four days after allowing such companies to sale mobile phones, refrigerators and ready-made garments.

Union Home Secretary Ajay Bhalla issued an order excluding the non-essential items from sale by the e-commerce companies from the consolidated revised guidelines, which listed the exemption given to the services and people from the purview of the lockdown.

The order said the following clause "E-commerce companies. Vehicles used by e-commerce operators will be allowed to ply with necessary permissions" is excluded from the guidelines.

The previous order had said such items were allowed for sale through e-commerce platforms from April 20.

However, the reason for reversing the order is not known immediately.

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