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SEBI relaxes KYC norms for foreign investors



Securities and Exchange Board of India, SEBI has issued revised Know Your client (KYC) norms, providing relief to foreign portfolio investors, FPI.

Under new norms residents as well as non-resident Indians have been permitted to hold a non-controlling stake in such entities.

There will also be no restriction on them to manage non investing FPIs, SEBI registered offshore funds as well as registered investment managers.

Certain categories of FPIs would be required to maintain a list of beneficial owners and provide the same to the regulator.
SEBI said the norms have been finalised after taking into consideration suggestions from a panel headed by former RBI Deputy Governor and comments from the public.

Bishop Franco Mulakkal arrested in Kerala nun sexual abuse case

Kochi / AMN

Bishop Franco Mulakkal arrested in nun rape caseCatholic Bishop, Franco Mulakkal of the Jalandhar diocese was arrested by Kerala police in Kochi last night on sexual abuse charges against a nun. He was arrested after three days continuous interrogation by the police.

Bishop Mulakkal was questioned at Jalandhar in Punjab in August. Franco Mulakkal has been accused of repeatedly abusing the nun sexually between 2014 and 2016.

The police have taken him to Kottayam. The Kottayam Superintendent of Police said that he would be presented before the court today.

The arrest was officially recorded at 8 pm, S Harishankar, the Superintendent of Police, Kottayam, told reporters as they were taking the accused bishop for medical exam at the Taluq Hospital in Trippunithura, near Kochi.

With this, Mulakkal has become the first Catholic bishop in India to be arrested in a case of sexual abuse.

Harishankar said they would present Mulakkal before a magistrate at Palai on September 22 and seek custody for three days. After medical exam, the police took the bishop in civil dress to the Police Club in Kottayam, where he would spent the night.

Mulakkal’s lawyers have meanwhile prepared a bail application and two of his relatives have come forward to pledge security for his bail application.

The Special Investigation Team on September 21 took the statement of the survivor nun for the sixth time at her convent in Kuravilangad near Kottayam.

Mulakkal has been accused of sexually abusing the nun between 2014 and 2016. An FIR was registered against the bishop on June 28 and a 114-page statement was taken from the nun and other inmates of the convent.

Harishankar also said the arrested prelate are charged under sections 376(2)(N) for repeated rape of the same woman, section 377 for unnatural sexual offences, section 506 for threatening, 342 for unlawful assembly and section 376(2)(K) for sexual assault abusing power over a victim.

Mulakkal’s arrest took place after three days of questioning at a high-tech interrogation cell in Thrippunithura during which he made some contradictory statements.

While denying the allegations of rape, Mulakkal had claimed he had not not stayed at the convent in Kuravilangad on May 5, 2014, when the first alleged rape occurred. He maintained that he only visited the convent but stayed at another convent in Muthalakodam, some 40 km northeast.

However cross-checking this with his driver and another nun who had made entries of his visit in the register, the investigators found that the bishop and his driver had stayed in the Kuravilangad convent on that day.

A nun in the Muthalakodam convent also denied that the prelate had visited their convent. The police also reportedly collected the bishop’s mobile tower location data that indicated his presence on the night of May 5, 2014, in the Kuravilangad convent.

K. Subash, the deputy superintendent of police, was the chief investigating officer for the past three days. He was also the first one to meet the bishop when he questioned him in Jalandhar on August 11.

The news of arrest was welcomed with jubilation at the venue in Kochi where five nuns of the Missionaries of Jesus and officials of various groups have protested for the past 14 days.

Mulakkal had earlier said that a “conspiracy” has been hatched by a group of people who are against the Church. There were reports that the bishop even tried to bribe and lure the nun and her family to get them to withdraw the complaint against him.

However, the course of investigation changed after five nuns from Kuravilangad convent came forward to protest in Kochi and demanded justice for the victim. Activists, writers, celebrities and ordinary people joined the nuns’ protest demanding justice for the victim.

Additional input from Matters India

Russia warns US it is ‘playing with fire’ with sanctions


file photo

Moscow today said Washington’s latest raft of anti-Russian sanctions that also target China undermined global stability, warning the United States against playing with fire.

Deputy foreign minister Sergei Ryabkov said in a statement that it would be good for America to remember there is such a concept as global stability which they are thoughtlessly undermining by whipping up tensions in Russian-American ties.

He has said Moscow recommends that Washington’s operators of the sanctions machine at least superficially acquaint themselves with Russian history to stop going round in circles. Ryabkov reiterated that none of the rounds of sanctions had managed to force Russia to change its course so far.

Yesterday, the United States expanded its sanctions war against Russia to China, for the first time announcing punitive measures against a Chinese military organisation for buying Russian fighter jets and missiles.

The State Department also announced it was placing 33 Russian intelligence and military-linked actors on its sanctions blacklist.

Adolescent health: Coming of age

Adolescence is a critical phase of one’s life. It is an age when we become independent individuals,  forge new relationships and learn skills and behaviors that will last the rest of our lives. It can also be one of the most challenging periods for our health. About 3000 adolescents die every day, mostly to preventable causes – that’s one every 30 seconds. This feature brings together prominent youth voices like Kylie Verzosa, expert opinions and the latest strategies for improving adolescent health.

ADOLESCENT                                                                photo ABP SANJHA

The world now has more young people than ever before – of the 7.2 billion people worldwide, over 3 billion are younger than 25 years, making up 42% of the world population. Around 1.2 billion of these young people are adolescents aged between 10 and 19 years.

Adolescence is a critical phase of life. It is a time when people become independent individuals, forge new relationships, develop social skills and learn behaviours that will last the rest of their lives. It can also be one of the most challenging periods.

In this turbocharged neurological, physical, and emotional transition from childhood to adulthood, young people face a range of health risks. They are often exposed to harmful products such as tobacco, alcohol and drugs, they face greater risks of violence (including homicide) and road traffic injuries than in childhood, and can experience devastating mental health issues such as depression, anxiety, self-harm, substance abuse and addiction to video games, as well as eating disorders and suicide. Young people can also face sexual health issues such as sexually transmitted diseases or teenage pregnancy.

Many of these issues are linked to wider societal determinants and social norms. For example, pressures to conform to ideals about body image, normalization of recreational drinking in media, social exclusion, challenges in accessing support services, coupled with rapid physiological and neurological changes and the urge for exploration and experimentation, can make it hard to cope with the varied challenges that today’s youth will almost certainly encounter.  -WHO-


Asia Cup 2018, Ind vs Ban: India beat Bangladesh by 7 wickets

India reached the Bangladesh modest target of 174 runs in 36.2 overs

Ravindra Jadeja made a roaring return to ODIs with a four-wicket haul, helping India dismiss Bangladesh for 173 in first Super Four match of Asia Cup 2018.

Photo BCCI


India beat Bangladesh by 7 wickets in the Asia Cup Super Four Clash on Friday in Dubai.

Led by skipper Rohit Sharma’s (83 NOT OUT) knock, India reached the modest target of 174 runs in 36.2 overs. Both openers Rohit Sharma and Shikhar Dhawan (40) gave India the perfect start as they stitched a 61-run partnership for the first wicket.

After Dhawan’s departure, Ambati Rayudu (13) could not stay long as he wa dismissed in the 24th over. India were already in control of the game with Rohit and MS Dhoni at the crease. Dhoni (33) fell in the 36th over but it was too late for Bangladesh to stage any comeback whatsoever.

Earlier India won the toss and sent Bangladesh into bat in their opening Asia Cup Super Four game in here on Friday.India brought in Ravindra Jadeja for the injured allrounder Hardik Pandya, ruled out of the tournament with a back injury.

Bangladesh brought back Mushfiqur Rahim and Mustafizur Rahman in place of Mominul Haque and Abu Hider.

Teams: India: Rohit Sharma (captain), Shikhar Dhawan, Ambati Rayudu, Kedar Jadhav, MS Dhoni, Dinesh Karthik, Ravindra Jadeja, Kuldeep Yadav, Yuzvendra Chahal, Bhuvneshwar Kumar, Jasprit Bumrah

Bangladesh: Mashrafe Mortaza (captain), Shakib Al Hasan, Mohammad Mithun, Liton Das, Mushfiqur Rahim, Mahmudullah Riyad, Mosaddek Hossain, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman

Umpires: Gregory Brathwaite (WIS) and Rod Tucker (AUS)

TV umpire: Shaun George (RSA) Match referee: David Boon (AUS)


Bangladesh 1st innings
Liton Das c Kedar Jadhav b Bhuvneshwar Kumar 7
Nazmul Hossain Shanto c Shikhar Dhawan b Jasprit Bumrah 7
Shakib Al Hasan c Shikhar Dhawan b Ravindra Jadeja 17
Mushfiqur Rahim c Yuzvendra Chahal b Ravindra Jadeja 21
Mohammad Mithun lbw Ravindra Jadeja 9
Mahmudullah lbw Bhuvneshwar Kumar 25
Mosaddek Hossain c MS Dhoni b Ravindra Jadeja 12
Mashrafe Mortaza c Jasprit Bumrah b Bhuvneshwar Kumar 26
Mehedi Hasan c Shikhar Dhawan b Jasprit Bumrah 42
Mustafizur Rahman c Shikhar Dhawan b Jasprit Bumrah 3
Rubel Hossain Not Out 1
Extras 0b 1lb 1nb 0pen 1w 3
Total (49.1 overs) 173 all out
Fall of Wickets: 1-15 Das, 2-16 Shanto, 3-42 Al Hasan, 4-60 Ali, 5-65 Rahim, 6-101 Mahmudullah, 7-101 Saikat, 8-167 Mortaza, 9-169 Miraz, 10-173 Rahman
Bowling Ov Md Rn Wk
Bhuvneshwar Kumar 10 1 32 3
Jasprit Bumrah 9.1 1 37 3
Yuzvendra Chahal 10 0 40 0
Ravindra Jadeja 10 0 29 4
Kuldeep Yadav 10 0 34 0
India 1st innings
Rohit Sharma Not Out 83
Shikhar Dhawan lbw Shakib Al Hasan 40
Ambati Rayudu c Mushfiqur Rahim b Rubel Hossain 13
MS Dhoni c Mohammad Mithun b Mashrafe Mortaza 33
Dinesh Karthik Not Out 1
Extras 0b 1lb 1nb 0pen 2w 4
Total (36.2 overs) 174-3
Fall of Wickets: 1-61 Dhawan, 2-106 Rayudu, 3-170 Dhoni
Did not Bat : Jadhav, Jadeja, Kumar, Yadav, Chahal, Bumrah
Bowling Ov Md Rn Wk
Mashrafe Mortaza 5 0 30 1 6.00
Mehedi Hasan 10 0 38 0
Mustafizur Rahman 7 0 40 0
Shakib Al Hasan 9.2 0 44 1
Rubel Hossain 5 0 21 1
Umpires: Gregory Brathwaite and Ahsan Raza
Match Referee: David Boon

Ordinance on triple talaq against Constitution–Jamaat-e-Islami

umri JIH

AMN / New Delhi

Expressing dismay over the government’s ordinance on triple talaq, Jamaat-e-Islami Hind (JIH) has said that the ordinance goes against the Constitution and has been brought about keeping an eye on the upcoming 2019 Parliamentary elections.

In a press statement, the JIH President, Maulana Syed Jalaluddin Umari said that: ‘’this ordinance goes against the Constitution because our Constitution gives equal rights to every citizen to follow his or her religion. Through this ordinance the government wants to implement a law that contravenes the Muslim Personal Law. Under Muslim Personal Law if a person divorces his wife then there is no dispute or difference of opinion regarding the validity of the talaq.

Talaq has taken place and the wife stands divorced. The only difference of opinion is regarding the kind of talaq that occurs when a husband pronounces divorce by uttering the word talaq three times in one sitting; namely will such a pronouncement be considered to be one talaq (revocable) or three talaqs (irrevocable)? None of the Muslim schools of thought (jurisprudence) or various ‘’masaalik’’ hold the pronouncement of uttering talaq three times in one sitting to be invalid and inoperative.

But according to this ordinance passed by the Government of India, triple talaq (pronouncing talaq three times in one sitting) will not be considered to be a divorce at all and shall be a punishable crime. If someone is found guilty of giving triple talaq then he has to face a three year jail term and may have to pay some penalty as well. This is complete interference in the Islamic Sharia’’.

Maulana Umari posed the question that: ‘’if the issue was pending before the Rajya Sabha; why did the government bring about an ordinance and bypass the Parliamentary procedure. And why is the government imposing such laws on Muslims? The ordinance says that if someone gives triple talaq then the divorce will not be valid and the husband has to go to jail for three years and in the meanwhile he has also to provide maintenance to his family including wife and children. Perhaps this is the only law in the world in which an action does not have any effect and yet the person accused of that action is punished for it’’.

He said that:

“if there exists any misuse over the use of triple talaq then punishing the husband like a criminal is not a solution to that problem. Talaq is a reasonable way to end the marriage contract and to start a new life. If there will be unnecessary impediments on talaq itself then the husband will not resort to its use and this may create a situation wherein he might harass the wife. The government should have consulted Muslim clerics and representatives of the Muslim community and made efforts to understand their point of view. According to the Law Minister the ordinance was passed to ensure gender justice and equality. But the truth is that Islam emphasizes and promotes women rights. It seems that the government wants to destroy the identity of Muslims through the issue of triple talaq and this is not acceptable to Muslims at all. It is clear that the ordinance was brought keeping an eye on the upcoming general elections.

Asia Cup 2018: Pakistan beat Afghanistan by 3 Wickets

Asia Cup 2018 in Abu Dhabi: Pakistan vs Afghanistan,  Pakistan Win Closely Fought Game by 3 Wickets 

Malik shines as Pakistan win by 3 wickets against valiant Afghanistan


Abu Dhabi

Shoaib Malik (51*) steered Pakistan to victory over valiant Afghanistan in Asia Cup Super Four thriller at Sheikh Zayed Stadium on Friday.

Afghan captain Asghar won the toss and opted to bat first. Hashmatullah Shahidi smashed 97 and captain Asghar Afghan hit 67 runs to lift Afghanistan to fighting score of 257.

While chasing a decent target Pakistan lost Fakhar Zaman in the first over, Imam-ul-Haq and Babar Azam fifties put pakistan on strong position.

Afghanistan, who are looking to build on their upset wins over Sri Lanka and Bangladesh in the first round, brought in big-hitting batsman Najibullah Zadran for Samiullah Shenwari.

Pakistan brought in Haris Sohail, Shaheen Afridi and Mohammad Nawaz after losing to India by eight wickets on Wednesday, leaving out Mohammad Amir, Shadab Khan and Faheem Ashraf.

Shaheen is making his one-day international debut.


Pakistan: Sarfraz Ahmed (captain), Fakhar Zaman, Imam-ul-Haq, Babar Azam, Shoaib Malik, Asif Ali, Haris Sohail, Mohammad Nawaz, Hasan Ali, Usman Khan Shinwari, Shaheen Shah Afridi

Afghanistan: Asghar Afghan (captain), Mohammad Shahzad, Rahmat Shah, Hashmatullah Shahidi, Najibullah Zadran, Mohammad Nabi, Gulbadin Naib, Rashid Khan, Mujeeb Ur Rahman, Aftab Alam, Ihsanullah Janat

Afghanistan skipper Asghar Afghan won the toss and elected to bat in their Asia Cup Super Four match against Pakistan at the Shaikh Zayed Stadium here.

India calls off foreign minister-level meeting with Pakistan


Our Correspondent / New Delhi

India today called off the meeting between External Affairs Minister Sushma Swaraj and Foreign Minister of Pakistan Shah Mahmood Qureshi in New York as announced ealier.

The meeting between the two Ministers was scheduled to take place in New York later this month on the sidelines of United Nations General Assembly- UNGA.

“Since yesterday’s announcement of a meeting between the Foreign Ministers of India and Pakistan in New York later this month, two deeply disturbing developments have taken place. The latest brutal killings of our security personnel by Pakistan-based entities and the recent release of a series of twenty postage stamps by Pakistan glorifying a terrorist and terrorism confirm that Pakistan will not mend its ways” ,  External Affairs Ministry spokesperson, Raveesh Kumar said in a statement said.

He said, these incidents confirm that Pakistan will not mend its ways. Mr Kumar said, now it is obvious that behind Pakistan’s proposal for talks to make a fresh beginning, the evil agenda of Pakistan stands exposed and the true face of the new Prime Minister of Pakistan Imran Khan has been revealed to the world in his first few months in office.

He said, any conversation with Pakistan in such an environment would be meaningless.

The spokesperson said, the decision to agree to Pakistan’s proposal for a meeting was in response to the spirit reflected in the letters from the new Prime Minister and Foreign Minister of Pakistan.


“The decision to agree to Pakistan’s proposal for a meeting between the Foreign Ministers of the two countries in New York later this month was in response to the spirit reflected in the letters from the new Prime Minister and Foreign Minister of Pakistan. The letter from the Prime Minister of Pakistan had spoken of, inter alia bringing a positive change and mutual desire for peace as also readiness to discuss terrorism” MEA said in the statement.

Now, it is obvious that behind Pakistan’s proposal for talks to make a fresh beginning, the evil agenda of Pakistan stands exposed and the true face of the new Prime Minister of Pakistan Imran Khan has been revealed to the world in his first few months in office. Any conversation with Pakistan in such an environment would be meaningless.

In view of the changed situation, there will be no meeting between the Foreign Ministers of India and Pakistan in New York.

China Open: PV Sindhu, Kidambi Srikanth crash out of quarters




India’s Kidambi Srikanth and P V Sindhu today bowed out of the singles event of China Open badminton tournament at the quarter-final stage.

In the men’s singles of the competition which is being held at Changzhou, seventh-seeded Srikanth lost to reigning world champion Kento Morimoto of Japan in straight games 9-21, 11-21.

In the women’s singles, third seed Sindhu went down against China’s Chen Yufei in three games, 11-21, 21-11, 15-21.

Fastest distance runner Eric Kiptanui to make his debut in ADHM


Harpal Singh Bedi/ New Delhi

This year’s fastest man over the distance, Eric Kiptanui will be the star attraction as he will make his debut in the 14th Airtel Delhi Half Marathon (ADHM) to be held in the national capital on 21 October.

With exactly one month to go to the ADHM race promoters Procam International on Friday announced the elite fields for this prestigious IAAF Gold Label Road Race ..

All the leading runners will also have in their sights first prize cheques of US$27,000 with a total prize money purse (combined men and women) of US$280,000.


Eric Kiptanui has already notched up two impressive half marathon victories in 2018, winning the high-quality Lisbon and Berlin races earlier in the year; coming home in the German capital in a world-leading 58:42 to move up to number four on the world all-time list.

Kiptanui will be accompanied on his first trip to India by his training partner Daniel Kipchumba, who paced Kiptanui to 15km in Berlin. A few weeks later, Kipchumba stood on top of the podium himself after a win at the Verbania half marathon in Italy in 59:06.

Two-time Tata Consultancy Services World 10K winner Alex Korio – whose best of 58:51 was set in the 2017 Copenhagen Half Marathon – has never faced either of his two compatriots in battle so the tactics between the three Kenyans will be fascinating to watch.

Representing Ethiopia will be two men who are better known as marathon runners but who can still boast of outstanding half marathon credentials.

Leul Gebresilase was second in the Dubai Marathon at the start of the year in 2:04:02 while Feyisa Lilesa won a memorable silver medal at the Rio 2016 Olympic Games, their half marathon bests are 59:18 and 59:22 respectively.

Adding to the considerable global interest in the race, USA’s Leonard Korir and New Zealand’s Zane Robertson are also in the men’s elite field. Korir just missed the North and Central American record of 59:43 when he ran his personal best of 59:52 at the ADHM last year while Robertson holds the Oceania continental record with 59:47.

All the runners, and the rest of the elite fields which were announced on Friday, will have in mind the very good course records in Delhi.

The men’s mark is 59:06 and was set by Ethiopia’s Guye Adola in 2014 while the women’s course record has been standing since 2009 and belongs to Kenya’s Mary Keitany at 1:06.54.

The two fastest women in the ADHM elite field, Kenya’s Caroline Kipkirui and Ethiopia’s 2016 ADHM winner Worknesh Degefa, will go head-to-head again after a memorable duel in the Prague Half Marathon.l.

Kipkirui – who set a personal best of 65:07 in Ras Al Khaimah in January – prevailed by just one second on that occasion to take second place in the Czech capital. Two other highly-rated Ethiopian women will also be on the start line in Delhi: Yeshaneh Ababel and Senbere Teferi.

Ababel was second at the ADHM 2017 and has since been victorious at the Istanbul and Yangzhou half marathons while Teferi, who will be making her half marathon debut, has won world championship medals on the track and at cross country in the past and will arrive in Delhi fresh from setting a 3000m personal best when representing Africa at the recent IAAF Continental Cup.
“We have two outstanding races in prospect for this year’s Airtel Delhi Half Marathon with Eric Kiptanui and Caroline Kipkirui leading the field,” commented Vivek Singh, joint managing director of race promoters Procam International.

“Once again, we brought some of the best distance runners in the world to India with the aim of entertaining, thrilling and inspiring the Indian distance running community. ADHM’s standards and popularity is well-established across the globe, something we are very proud of, and with fields of this calibre 2018 edition should be no different.” he added.