1. RBI steps in to shore up rupee but economy could take a hit, Move Targets Speculation, Pinches Cos : Mumbai: In its toughest move to the rupee after the Lehman Brothers crisis in 2008, the Reserve Bank of India has moved to push up short-term rates in the money markets which will choke speculators and attract dollars into India. But these measures will cause collateral damage to the economy by pushing up short-term borrowing for companies by a couple of percentage points and cause huge losses for bond investors. [TOI p1]

2. SP takes lead in challenging ruling on netas : New Delhi: Samajwadi
Party on Tuesday said it would rally political parties for amending the
Constitution to annul the twin Supreme Court verdicts that legislators be
disqualified automatically on conviction and those in jail be barred from
contesting elections. [TOI p1]
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3. MSY: 1990 decision to order firing on ‘kar sevaks’ painful : Lucknow:
Almost 23 years after he ordered firing on ‘kar sevaks’ in Ayodhya, SP
chief Mulayam Singh Yadav on Monday told a news channel that the
“decision was painful” but he had had no other option. The firing had
earned the then Uttar Pradesh chief minister the sobriquet of ‘Mullah
Mulayam’ and the unflinching loyalty of Muslims in Uttar Pradesh. [TOI
p12]
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4. I’ll Give Ishrat Benefit of Doubt: GK Pillai, Former home secy says he
has not seen any Headley confession on Ishrat being a terrorist :
NEW DELHI : Former Union home secretary GK Pillai has said he cannot
say with certainty that Ishrat Jahan, the Mumbai college girl shot dead by
the Gujarat police in 2004, was a LeT terrorist and would give her the
“benefit of doubt”, an assertion that could undermine the official line in the
keenly-watched political potboiler. [ET p2]
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5. Railgate witness Bansal testifies against nephew : New Delhi :
Former railway minister Pawan Kumar Bansal has testified against
nephew Vijay Singla by identifying his voice in phone calls that the CBI
recorded in the cash-for-lucrative postings scam, sources told HT.[HT p8]
6. Cong changes tack on poll plan, to take Modi head-on : New Delhi :
Having ignored Gujarat chief Minister Narendra Modi’s barbs and
references to the 2002 riots for a long time, the Congress has now
decided to take him head-on in a clear indication of an aggressive
campaign strategy ahead of the 2014 Lok Sabha elections.[HT p8]
7. … While his comments leave senior BJP leaders squirming : New
Delhi : Gujarat Chief Minister Narendra Modi’s utterances are leaving
some senior BJP leaders in disquiet, though those close to him assert he
is working to occupy the centrestage ahead of the Lok Sabha polls.[HT
p8]
8. Headley did not name Ishrat, NIA tells MHA : New Delhi : The National
Investigation Agency (NIA) is learnt to have told the Ministry of Home
Affairs (MHA) that 26/11 suspect David Coleman Headley has not
mentioned Ishrat Jahan in his “official” confession.[IE p1]
http://www.indianexpress.com/news/headley-did-not-name-ishratnia-
tells-mha/1142285/
9. Significant progress in probe, sending notices in every case : FM :
New Delhi : Investigations into companies owned by around 600 Indians
in tax havens such as the British Virgin Islands, the Cook Islands and
Cayman Islands — details first reported by The Indian Express — have
made considerable progress, Finance Minister P Chidambaram said
Monday. [IE p1] http://www.indianexpress.com/news/significantprogress-
in-probe-sending-notices-in-every-case-fm/1142300/
10. Modi to meet RSS leaders in Nagpur today : Nagpur : Gujarat Chief
Minister Narendra Modi will meet top RSS leaders here Tuesday. Sources
said he would be accompanied by former BJP president Nitin Gadkari.
Modi will arrive at 6.30 pm and leave the city by 9.30 pm. The timing of the
visit is significant. It comes days after the “July baithak” of RSS in
Amravati in which senior pracharaks and leaders of front organisations,
including BJP chief Rajnath Singh, participated.[IE p5]
http://www.indianexpress.com/news/modi-to-meet-rss-leaders-innagpur-
today/1142187/
11. Mamata questions funds in CPM leaders accounts : Kolkata : CPM
politburo members Nirupam Sen and Biman Bose became fodder for
Chief Minister Mamata Banerjee’s attacks following a leading Bengali
newspaper report that the Economic Offences Wing (EOW) of the state
government has detected Rs 16 crore deposits in a bank account in their
names.[IE p7]http://www.indianexpress.com/news/mamataquestions-
source-of-money-in-cpm-leaders-account/1141360/
12. Udhav backs Modi’s Hindu nationalist stance : Mumbai : The Shiv
Sena, a constituent of the BJP-led NDA, on Monday defended Gujarat
Chief Minister Narendra Modi’s “Hindu nationalist” remark, saying JD(U)’s
decision to snap ties with the party was “wrong”.[IE p5]
http://www.indianexpress.com/news/uddhav-backs-modis-hindunationalist-
stance/1142184/
13. All-party meet to discuss SC ruling on tainted netas : New Delhi:
Amid widespread misgivings among the political class over last week’s
Supreme Court judgment for the instant disqualification of lawmakers who
are convicted, the Law Commission is likely to call an all-party meeting to
discuss the implications of the far-reaching verdict. [TOI p12]
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14. 5 parties ignore CIC order on RTI : New Delhi : With the possibility of
the government bringing an ordinance to keep political parties out of the
Right to Information (RTI) Act remote campaigners are getting ready to
fight another battle.[HT p9]
15. SC Refuses to Hear PIL Challenging CAG Appointment : NEW
DELHI: The Supreme Court on Monday refused to entertain a PIL
challenging appointment of Shashi Kant Sharma as the Comptroller and
Auditor General of India (CAG). A bench headed by Chief Justice Altamas
Kabir asked the petitioners, including former Chief Election Commissioner
N Gopalaswami and former Chief of Naval Staff Admiral (retd) RH
Tahiliani, to approach the high court which is “equally equipped to deal
with the matter”.[ET p2]
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16. Take Action Against Judges Suspect of Moral Deviance, President’s
office forwards letter to law ministry for necessary action
17. :NEW DELHI : VR Krishna Iyer, one of the conscience keepers of India’s
judiciary, has lamented its present state and sought President Pranab
Mukherjee’s intervention to probe and take action against some senior
Supreme Court judges who, he says, are “suspect of moral deviance”.[ET
p2]
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18. ‘No decision on Rahul as PM yet’ : New Delhi: Congress on Monday
kept open the possibility of projecting Rahul Gandhi as its prime ministerial
candidate for the 2014 general elections with party general secretary Ajay
Maken saying no decision had yet been taken on the issue. “It has not yet
been decided. When it will be decided, you will know,” Maken told
reporters. [TOI p14]
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19. Congress Checkmates Jaganmohan, TRS Prior to Voting For
Telangana, Decision on new state with Hyderabad as joint capital to
be announced by the end of the month : NEW DELHI : The Congress
is working on a comprehensive plan to outwit its regional rivals in Andhra
Pradesh while readying to concede the longstanding demand for
statehood for Telangana region in the state by the end of this month. [TOI
p14]
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20. Food prices bite, pain to worsen as weak Rs stings : New Delhi :
Skyrocketing onion and vegetable prices and costlier staples such as rice
and wheat pushed India’s wholesale price index (WPI)-based inflation to
4.86% in June, adding to an array of problems for the government battling
to the steer the country out of a web of economic mess in an election
year.[HT p1] http://www.hindustantimes.com/businessnews/
worldeconomy/Food-prices-bite-pain-to-worsen-as-weak-Rsstings/
Article1-1093123.aspx
21. Now, pay 5 to hear Modi speech in Hyd : Hyderabad: Gujarat chief
minister Narendra Modi is ushering in a corporate style of organizing
public meetings. All those wanting to attend his rally at LB Stadium in the
city on August 11 will have buy a Rs 5 ticket. On Monday, day one of the
online registration for the public meeting, about 8,000 people signed up for
it. [TOI p14]
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22. Karuna: Alter fuel pricing mechanism : Chennai: DMK president M
Karunanidhi on Monday criticized the Centre for “turning a deaf ear” to
repeated suggestions on controlling petrol prices and demanded the
Union government put an end to the spiralling prices immediately.[TOI
p15]
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23. Cong embraces ‘secularism burqa’ takes Modi head on : New Delhi :
It is a full blown war. A day after Gujarat chief minister Narendra Modi’s
accused the Congress of hiding behind the “burqa (veil) of secularism”
when faced with crisis, the ruling party hit back on Monday, saying the
burqa was much better than naked communalism.[HT p1]
http://www.hindustantimes.com/India-news/NewDelhi/Congembraces-
secularism-burqa-takes-Modi-head-on/Article1-
1092495.aspx
24. In a first, Prez to share report card with public : New Delhi : President
Pranab Mukherjee’s office is planning to come out with a report to the
people on July 25 to mark the completion of his first year in the highest
office.[HT p1]
25. Nitish flays NaMo for puppy, veil barbs : Patna:Lambasting the recent
“puppy” analogy and “burqa of secularism” remark made by Gujarat CM
and BJP’s poll campaign chief Narendra Modi, his Bihar counterpart Nitish
Kumar has said this kind of language will not only undermine the country’s
honour but also fail to fetch votes. [TOI p14]
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26. 22 banks fined 49.5cr for KYC violation : Mumbai: The Reserve Bank
of India on Monday imposed a fine of Rs 49.5 crore on 22 banks following
investigations into allegations of money laundering levelled against them
by a web portal, which had conducted a sting operation on their branches.
[TOI p1]
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DELHI NEWS
27. Metro suggests lower fares for non-peak hrs : New Delhi: The Delhi
Metro touched a record single-day ridership of 23.5 lakh on July 1 this
year. But Delhi Metro Rail Corporation wants more. Proposing a system of
differential fares for the first time, DMRC wants to offer discounts to
commuters who opt to travel during non-peak hours. [TOI p1]
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28. In Sarojini, head for multilevel parking : New Delhi: Next time you visit
the Sarojini Nagar market, head straight for the multilevel parking. To
ensure proper checking of vehicles as a security measure, the south
district police and the traffic police have decided to not allow vehicles in
the NDMC parking lots till the multilevel facility is filled. The decision
comes in the wake of the Bodh Gaya blasts. [TOI p2]
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29. 100-bed hospital to come up in Sarita Vihar : New Delhi : The Delhi
cabinet on Monday gave its nod to setting up of a 100-bed hospital in
Sarita Vihar. It also okayed the launch of the weekly iron and folic acid
supplementation programme (WIFS).[HT p3]
30. No council to advise Jal Board on policy-making : New Delhi : The
inability of the Delhi Jal Board (DJB) to constitute a water consultative
council has drawn flak from experts, who say policy-making, including
tariff, should be left to an independent body.[HT p5]
31. Poor families will still get subsidized sugar : New Delhi: The city
government on Monday announced that it will continue to provide sugar to
3.64 lakh poor families through ration shops at a subsidized rate of Rs
13.5 per kg. The assertion came with a reminder that the government has
taken this stand despite the Centre stopping supplies after decontrolling of
the sugar sector. [TOI p2]
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32. South corp to extend pension benefits to more people : New Delhi :
The South Delhi Municipal Corporation (SDMC) has added over 500
people under the ambit those receiving pensionary benefits in different
wards.[HT p2]
33. South corpn for MPD-21 change : New Delhi: With elections
approaching, ground for another amnesty is being prepared. South Delhi
Municipal Corporation led by BJP has passed a resolution in its house
meeting on Monday to protect unauthorized constructions carried out till
June 30, 2013. [TOI p6]
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LEGAL/CRIME
34. HC verdict on ’84 riots pleas likely today : New Delhi: The Delhi high
court is likely to pronounce on Tuesday its verdict on several pleas, filed
separately by Congress leader Sajjan Kumar and others, against a trial
court order framing charges against them in a 1984 anti-Sikh riots case
relating to the killings of six persons. [TOI p4]
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