Centre lets FMled ministerial panel fix CPSE sale price timing

first_imgNew Delhi: To fast-track strategic sale of CPSEs, the Cabinet Thursday allowed the Alternative Mechanism to decide on the timing, price and quantum of shares of a state-run company to be put on the block for outright sale.”The Cabinet Committee on Economic Affairs (CCEA ) has approved delegation of the following Alternative Mechanism in all the cases of strategic disinvestment of CPSEs where CCEA has given ‘in-principle’ approval for strategic disinvestment,” an official statement said. Also Read – Maruti cuts production for 8th straight month in SepThe Alternative Mechanism (AM) on strategic disinvestment was set up in 2017 and consists of the finance minister, the road transport and highways minister and the minister representing respective administrative department. So far, the AM has decided on the terms and conditions of the sale from the stage of inviting of expressions of interest (EoIs) till inviting of financial bid. With Thursday’s decision, the panel has been permitted to take decisions on final pricing of the transaction, quantum of shares to be sold and the selection of strategic partner or buyer. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to Customs”This will facilitate quick decision-making and obviate the need for multiple instances of approval by CCEA for the same CPSE,” the statement said after the Cabinet meeting, headed by Prime Minister Narendra Modi. As many as 35 central public sector enterprises (CPSEs) have already been lined up for strategic sale. The companies that have been shortlisted for strategic sale include Pawan Hans, Air India, Air India subsidiary AIATSL, Dredging Corporation of India, BEML, Scooters India, Bharat Pumps Compressors, and Bhadrawati, Salem and Durgapur units of steel major SAIL. The other CPSEs for which approvals are in place for outright sale include Hindustan Fluorocarbon, Hindustan Newsprint, HLL Life Care, Central Electronics, Bridge & Roof India, Nagarnar Steel plant of NMDC and units of Cement Corporation of India and ITDC.last_img read more

Khalistan Commando Force militant and associate of Bhinderwale arrested Delhi Police

first_imgNew Delhi: A member of the banned terrorist group and an associate of Jarnail Singh Bhinderwale, who was killed by the Indian Army in ‘Operation Blue Star’ in 1984 was nabbed by the Delhi police, officials said on Wednesday. The accused Gursewak Singh (53), is a member of Khalistan Commando Force (KCF) and was planning to re-constitute his organization on directions of KCF chief Paramjeet Singh Panjwad, who was based in Pakistan, police said. Also Read – Bangla Sahib Gurudwara bans use of all types of plastic items Singh was also in touch with Jagtaar Singh Hawara and other terrorists lodged in various jails in India including Tihar jail, police said adding Gursewak was arrested by the crime branch from ISBT Delhi on March 12 where he had come to meet one of his contacts. Gursewak was previously involved in more than 50 cases of terrorist activities, murders of police officials and informers, robberies in banks and police station among others, said Ajit Kumar Singla, Additional Commissioner of Police (Crime). Also Read – After eight years, businessman arrested for kidnap & murder He remained in jail for more than 26 years in different cases and was in regular touch with some Pakistan based terrorists. Police said Singh was born in a farmer family residing in Raikot village in Punjab’s Ludhiana district. His elder brother Swaran Singh was a member of terrorist group led by Bhinderwale in Punjab in 1980s. Gursewak also joined the group in 1982, the police official said. In 1984, when Binderwale was killed, most of his associates fled to Pakistan where they were trained and supported by ISI. During that time, Gursewak joined the newly formed KCF constituted by terrorist Manveer Singh Chehdu and actively participated in anti national activities, he said. Gursewak along with his associates remained involved in dozens of murders of suspected informers of Indian security agencies and bank robberies in Punjab, Delhi and Rajasthan. In May 1984, the accused along with his associates, Labh Singh, Gurinder Singh and Swaranjit Singh had also killed group editor of Hind Samachar newspaper Ramesh Chander in Jallandhar, Singla said. In 1986, Singh along with his associates attacked the residence of Julio Riberio, Ex-DGP Punjab in Jallandhar. In the same year, the accused along with his associates killed eight police personnel of Punjab Police while freeing the KCF Chief Jarnal Labh Singh and terrorists Gurinder Pal Singh Bhola and Swaranjit Singh from police custody in court complex in Jallandhar after a shootout, the officer said. The accused persons had also attacked on a police station in Punjab and robbed 16 rifles, six carbines, cartridges, two revolvers, police jeep and a Fiat car. The accused along with his associates had also killed all nine members of a family in Punjab, he said. Singh remained in jail and most of the time in High Risk Ward of Tihar Jail till 2004 for period of about 18 years. While at Tihar Jail, he planned to smuggle arms including AK-47 and explosives from Pakistan in order to carry out an attack in Delhi. However, this conspiracy of the accused persons was foiled by Crime Branch of Delhi Police, which arrested two terrorists from the area of Punjabi Bagh on July 9, 1998, the officer said. After coming out of jail in 2010, he remained involved in several cases of robbery and was arrested thrice by Ludhiana Police in 2014, 2015 and 2016 respectively. During this period, he remained in contact with Paramjeet Singh Panjwad. He was again arrested by Delhi Police in 2017 under the Arms Act. He is facing trial in a case in Patiala House Court and was not attending the court following which the court had issued non-bailable warrants against him, police said.last_img read more

The Teams That Should — And Shouldnt — Trade For Jimmy Butler

Jimmy Butler37.6– MINNEAPOLIS — Jimmy Butler, the four-time All-Star who asked to be traded out of Minnesota, is an NBA alpha — or, at worst, a dominant beta.Butler is one of the league’s best two-way talents, capable of changing a game on offense or defense. He has developed a hard-nosed reputation as someone who can quickly change the culture of a team. The 29-year-old should be a near-ideal trade target for just about any team still looking to make a jump as NBA training camps open this week.Yet for all his undeniable star power, the reality is that Butler would be an ideal fit with only a few of the teams that are most interested in his services. Much of that stems from how unique a player he is — and the two or three red flags that would make his acquisition more of a gamble than usual.The list of teams that have expressed interest in dealing for Butler includes the Brooklyn Nets and Los Angeles Clippers — a pair of teams Butler likes — as well as the Pistons, Rockets, Heat, Sixers, Blazers and Kings, according to ESPN’s Adrian Wojnarowski.But realistically, trading for Butler is not an automatic win for all these teams. The size of his contract, the type of role he demands to play and the assets that will be required to obtain him make the trade a significant gamble. From that list, there are maybe four (the Clippers, Pistons, Heat and Blazers) where the move seems worth the risk. For others, there are clear pitfalls that could render such a move disastrous.Perhaps the most glaring issue to consider is the amount of time Butler has played over the past five seasons: an NBA-high 37.6 minutes per game in that span1This is almost identical to the minutes load that Luol Deng — whose game has since begun flattening out — carried from age 24 through age 28. Deng, who also played for Tom Thibodeau, logged 38.1 minutes per game during those years. and 26 games in which he logged at least 45 minutes since 2013-14 — 11 games more than the next player on the list, per Basketball-Reference.com. PlayerMinutes per gameNumber of 45 Min. Games LeBron James36.8– Butler is racking up mileageNBA leaders in number of 45-minute games since the 2013-14 season, along with their average minutes per game* 13– 10– 26– Bradley Beal34.3– Anthony Davis35.9– 11– All of that could factor into how someone like Butler — who relies mostly on his physicality instead of his jump shot — ages as a player. But last season alone was less than ideal from a health standpoint. After ranking at the top of the minutes per game leaderboard in late February, Butler went down with a right knee injury that required surgery. And while injuries are often an unpredictable thing, Butler’s wasn’t the biggest shock in the world. He had missed four games in January with a sore right knee that might have required an MRI, and then Butler took the unusual step of sitting out the All-Star game the following month, citing a need for rest. Five days later, he was hurt to the point that he required the procedure on his meniscus.Butler takes on grueling tasks as someone who’s often the primary ball-handler — particularly in the clutch, where his aggressive style drew more free-throw trips than any player — and who guards the other team’s best scorer. And the potential for injuries to slow a player down as he reaches his 30s should give any club pause before sinking assets into a deal for him — let alone signing him to a max extension worth five years and $190 million in 2019, when he’s due to become a free agent.Zooming all the way out for a moment, let’s be clear: Butler is absolutely worth a sizable gamble from merely a talent perspective. His coach, Tom Thibodeau — who thinks so highly of Butler that he reportedly asked him on Monday to reconsider his trade request — called the swingman a “top-10 player in the league.”On the night of Feb. 23, when Butler suffered his knee injury, the Timberwolves were tied for third place in the loaded West. By the time he came back came back six weeks later, they’d slipped to eighth. Minnesota needed to win its last three games of the season — including a thrilling win-and-you’re-in finale against Denver — to secure the franchise’s first playoff trip in 14 years.With Butler, the Wolves were arguably a top-three team in the NBA, outscoring opponents by more than 8 points per 100 possessions;2For reference, only the Rockets and Warriors outscored opponents by 8 points per 100 possessions last season. without him, the club had the profile of a bottom-10 squad, hemorrhaging nearly 5 points per 100 possessions. Not many stars, or even superstars, possess that kind of game-changing impact.Still, there’s a pretty compelling case to be made that Butler simply doesn’t make sense on certain clubs — particularly young, developing ones, with whom he might lack patience. He frustrated younger teammates in Chicago two seasons ago when he questioned whether they cared as much as he did about winning, a critique that led to coach Fred Hoiberg benching him to start a game. Then this past year in Minnesota, reports suggested that Butler didn’t always see eye-to-eye with young star Karl-Anthony Towns. (Towns finally agreed to his five-year, $190 million extension in the wake of Butler’s trade request, which lent credence to the report. But Towns on Monday chalked it up to “awkward” timing and coincidence, saying the issues were unrelated.) Taking that into account, a young team like the Nets or the Kings — still in the developmental phases — wouldn’t seem to be ideal for Butler.The other thing worth considering with Butler, especially in Houston, Philadelphia or Portland, is how he’d fit alongside another ball-dominant guard. That experiment didn’t play out all that well when the Bulls had both Butler and Derrick Rose sharing the backcourt, and reports bubbled to the surface about there being a bit of a power struggle because of the lack of clarity in their roles.There’d be no such question with the Clippers or Heat. And the Pistons and Blazers desperately need talent upgrades to enhance their standing in their respective conferences — something that’s especially true of Portland, even if there would be questions about Butler’s fit with Damian Lillard.Few NBA players can impact a game the way Butler can. But given what we know about the talented guard, only a few teams would be smart to move heaven and earth to trade for him right now. 15– *Regular season onlySource: Basketball-Reference.com James Harden37.0– read more

Ohio State track brings in best recruiting class in years

When announcing the signings of nine recruits who will be coming to Ohio State as members of the men’s track and field team next season, OSU interim coach Ed Beathea said he believes the future of the team he is coaching is bright. “This is the best recruiting class we have put together in my time at Ohio State,” Beathea said in a press release. OSU will welcome a broad range of recruits in its incoming class. The class includes five athletes from Ohio, but also adds four out-of-state recruits. Among the class are three distance runners, two sprinters, one hurdler, two throwers and one multi-event athlete. Donovan Robertson, a hurdler from Berea, Ohio, headlines the class. Robertson, the 2011 Ohio Gatorade Track and Field Athlete of the Year, has many accomplishments to his name. This year, Robertson set the indoor national record in the 60-meter hurdles, completing the event in 7.57 seconds. Robertson is also the defending state outdoor champion in the 110-meter hurdles and 300-meter hurdles, and was named to the 2011 USA Today All-USA track and field team. Beathea said he recognized the significance of signing Robertson. “Donovan is one of the most talented signees in OSU history,” Beathea said in the press release. “He will have an instant impact on our conference and the country.” The group of in-state recruits is also highlighted by distance runners. Steven Weaver, from Napoleon, was the 2011 Division II state champion in the outdoor mile run and in cross country. The team also added Nicolas Pupino of Copley and Jordan Redd of Fairborn. Jack Kincade from Hilliard is the fifth in-state recruit in the class. Kincade scored 6,243 points in the decathlon last season, which was the sixth-best decathlon score among all high school athletes nationwide in 2011. OSU also lured four recruits from farther east to come west. Champ Page, a sprinter from Marlboro, Md., is a six-time Maryland state champion. Page finished the 2012 indoor season with times that ranked second nationally in the 300-meter dash with 33.93 seconds, third in the 500 meter with 63.71 seconds, and 11th in the 400 meter with 48.28 seconds. Justin Burke, a sprinter from Virginia Beach, Va., is a two-time defending outdoor state champion in the 100-meter dash, as well as in the 200 meter and 400 meter. Two throwers will also come to the Buckeyes from other states. Joseph Velez, from Providence, R.I., is joined by javelin thrower Billy Stanley from South Park, Pa. Assistant coach Kevin Mannon praised both incoming throwers. “(Velez) has the ability to make an immediate impact on the Big Ten and NCAA championships in 2013,” Mannon said in a press release. “Billy has already thrown a mark that can score at the Big Ten championships, so we expect him to be a major player for us in 2013.” read more

Ohio State womens volleyball set to open home schedule in DC Koehl

OSU women’s volleyball players get set for a serve during a game against Penn State on Oct. 31, 2014. Credit: Lantern File PhotoSt. John Arena is set to host the Ohio State women’s volleyball team for the first time this season during the 10th Annual Sports Import D.C. Koehl Classic.The 22nd-ranked Buckeyes (2-1) are scheduled to play a doubleheader on Saturday, facing off against Northern Illinois (3-1) at noon and No. 14 Florida State (2-1) at 7 p.m., before playing the Seminoles again on Sunday at 7 p.m. OSU is coming off of a second-place finish at the Rumble in the Rockies tournament in Laramie, Wyoming. The Buckeyes fell to Wyoming in their opening game, but they bounced back to defeat both Butler and South Dakota in three sets.OSU coach Geoff Carlston said he’s happy with the way his team responded to the initial loss and is ready to be at home for the first time this season.“I’m excited for the team, especially our freshmen,” Carlston said. “We played in front of a huge crowd, actually, at Wyoming, but to play in front of a large crowd that’s your home and not at a mile high is going to be much better for us.”Setter Emily Ruetter, a senior transfer from Texas Tech, said she’s excited for her first home match in a Buckeyes uniform and thinks the home crowd will give the team a boost.“It’s so much better playing on your home floor,” Ruetter said. “Based off what I’ve heard, St. John brings in quite an awesome crowd, so it’s going to be even better having all of those people here.”Junior libero Valeria León, who, along with junior middle blocker Taylor Sandbothe, was named to the all-tournament squad at the Rumble in the Rockies, is focused on helping her team more moving forward.“I don’t really care about the individual awards, I just try to make my team better,” León said. “So I’m going to keep working on that.”Team adjustmentsAs the team heads into this weekend’s games, OSU has been working on improving its blocking, shot selection and overall consistency on defense, Carlston said.“I think (in) the Wyoming match, we just sort of forgot the things that we can do, and that will happen when you’ve got people in your face,” he said. The Buckeyes had 21 shots blocked by the Cowgirls in their season-opening match.Carlston said the team has to go back to what is worked on in practice for the upcoming matches and improve overall confidence, trust and consistency.Injury reportJunior outside hitter Kylie Randall did not play in any of last weekend’s matches as she works her way back after suffering a season-ending ankle injury last season and an elbow injury that she sustained in the team’s first practices this year.There’s no timetable for Randall’s return to games, but she is practicing and Carlston is pleased with her progress.“She’s back, full-go and she’s looking pretty good, actually, for a kid who’s played six times over the last (year),” he said.The rest of the team is feeling well from a health standpoint, Carlston said.Looking aheadFollowing this weekend’s action in Columbus, OSU is set to head back out on the road for the Blackbird Invitational in Brooklyn, New York, on Sept. 11 and 12. read more

Klopp not available right now for Germany

first_imgBut the Liverpool coach would “think about it” one day if the Nationalmannschaft needs him one day and he’s availableFor Liverpool manager Jürgen Klopp being concentrated and focused is something he’s proud of.And asked today if he would ever manage the Germany National Team, The Reds boss was quick to replay.“If I am asked one day and I am available then I would think about it,” he told Welt am Sonntag in his native country.Reported by Goal.com, the German manager is focused on only one thing right now.Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.“But am I thinking about it right now, in my current situation when I am tied to Liverpool for the next four years and because Germany has just played a bad World Cup? No,” he said.“I’m not available,” he promptly added.Germany had their worst FIFA World Cup participation this summer, having failed to qualify from the Group Stage into the Round of 16.But both Germany’s coach Joachim Löw and Klopp, have a four-year contract with their teams.last_img read more