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Appu Esthose Suresh

Appu Esthose Suresh was part of Hindustan Times’ nationwide network of correspondents that brings news, analysis and information to its readers. He no longer works with the Hindustan Times.

Articles by Appu Esthose Suresh

There’s little connection between cash in economy and corruption

Cash in circulation in an economy has little correlation with corruption, a comparative analysis of World Bank and Transparency International data suggests, deepening suspicion that those with black money prefer to keep their ill-gotten wealth in other forms of assets.

People wait in a queue to withdraw money from a mobile ATM machine in New Delhi on November 15.(AFP)
Updated on Nov 16, 2016 01:17 AM IST
Hindustan Times | By, New Delhi

Why govt’s demonetisation move may fail to win the war against black money

The demonetisation of Rs 500 and Rs 1,000 banknotes is unlikely to help the government suck out black money from the economy as hoarders keep a tiny portion of their ill-gotten wealth in hard cash, going by income-tax data.

A resident hands a Rs 500 note to a money lender at his shop in Hyderabad on November 9, as he seeks to exchange it for lesser denominations.(AFP)
Updated on Feb 16, 2017 07:13 AM IST
Hindustan Times | By, New Delhi

Currency ban: Only one-third have bank access; NE, backward regions worst hit

Few Indians having access to banks will add to people’s hardship following the withdrawal of ₹500 and ₹1,000 denominations from circulation. The impact will be felt more in north-eastern states and backward districts of the country where banks are few and far.

Only 28%-32% of Indians have access to financial institutions, including post offices and bank, according to data compiled by the banking division of finance ministry, sources said.(PTI)
Updated on Nov 11, 2016 01:37 AM IST
Hindustan Times | By, New Delhi

AirAsia paid ex-CEO Mittu Chandilya’s aide to set up meetings with CMs: Audit

A day after Cyrus Mistry was removed as Tata group chairman, he wrote an email to the Tata Sons board saying a report had found fraudulent transactions worth Rs 22 crore between Air Asia and companies in India and abroad.

Former chief executive of AirAsia Chandilya with crew member after its test flight started from Delhi from T-3 in New Delhi, India.(Vipin Kumar / HT File Photo)
Updated on Nov 05, 2016 09:17 AM IST
Hindustan Times | By, New Delhi

Khandwa: The SIMI ‘hotspot’ at the centre of MP prisoners’ ‘encounter’

Five of the men killed on Monday after the alleged shootout, which activists and opposition say was a staged gunfight, were from Khandwa, the alleged hotspot of Students Islamic Movement of India in Madhya Pradesh.

Police investigate the encounter site at the hillocks of Acharpura village after the STF killed 8 Students of Islamic Movement of India (SIMI) activists who escaped Central Jail killing a security guard in Bhopal on October 31, 2016.(PTI)
Updated on Nov 02, 2016 06:32 PM IST
Hindustan Times | By, Bhopal

Nearly 10% of Indian exports never return, says RBI data

Figures available for 44 years reveal that the sudden spurt in export proceeds that were not remitted back to India started in 1994; the second wave was in 2000

The amount, revealed by Reserve Bank of India data , accounts for roughly 95% of the Rs17 trillion worth of export which never returned to India.(AFP)
Updated on Nov 02, 2016 10:22 AM IST
Hindustan Times | By, New Delhi

In 44 years, India lost at least Rs 17 trillion to tax havens

Indians exported goods and services worth at least Rs 17 trillion over the past four decades but did not remit an equivalent amount in foreign exchange

Over time, Indian regulators have moved to curb tax crimes, including signing stronger disclosure pacts with foreign countries.(File Photo)
Updated on Nov 02, 2016 07:26 AM IST
Hindustan Times | By, New Delhi

Why police theories on jailbreak by SIMI operatives ring hollow

Spent bullet casings weren’t among items recovered from a place on the outskirts of the Madhya Pradesh capital where police gunned down eight members of the banned group, SIMI, on Monday after they escaped from prison.

Police officers and Special Task Force soldiers stand beside dead bodies of the suspected members of the banned Students Islamic Movement of India (SIMI), who escaped the high security jail in Bhopal, and later got killed in an encounter.(Reuters)
Updated on Nov 02, 2016 01:39 AM IST
Hindustan Times | By, Bhopal

Doubts swirl but state govt rules out NIA probe into SIMI ‘encounter’

The National Investigation Agency (NIA) will not probe the police shooting of eight Islamist prisoners who escaped from a Bhopal jail, Madhya Pradesh home minister Bhupendra Singh said on Tuesday

Bodies of SIMI terrorists who were killed in an encounter being handed over to their relatives and family members after post-mortem in Bhopal.(PTI Photo)
Updated on Nov 02, 2016 09:52 AM IST
Hindustan Times | ByAnuraag Singh and Appu Esthose Suresh, Bhopal

Doubts swirl but MP govt rules out probe into SIMI ‘encounter’

The SIMI encounter is unquestionable and it will not be probed by NIA. They will investigate only the jail break, Madhya Pradesh home minister Bhupendra Singh said.

Police officers and Special Task Force soldiers stand beside dead bodies of the suspected members of the banned Students Islamic Movement of India (SIMI), who escaped the high security jail in Bhopal, and later got killed in an encounter.(REUTERS)
Updated on Nov 01, 2016 04:58 PM IST
Hindustan Times | ByAnuraag Singh and Appu Esthose Suresh, Bhopal

SBI’s Arundhati Bhattacharya in race for top World Bank job

State Bank of India chairperson Arundhati Bhattacharya will be India’s nominee for the post of managing director and chief operating officer at the World Bank, two senior government functionaries told HT.

SBI chairperson Arundhati Bhattacharya will be India’s nominee for the post of managing director and chief operating officer at the World Bank.(PTI File Photo)
Updated on Oct 13, 2016 12:16 AM IST
Hindustan Times | By, New Delhi

Ahead of UP polls, will communal politics harm Kairana’s secular harmony?

As Kairana seems to have set the discourse as UP gears up for the upcoming polls, it remains to be seen whether the town will descend into violence in the months to come – or stick to its Kirana tradition of harmonious existence.

One of the 115 Muslim families in Alkala Mohalla who have migrated in Kairana, Uttar Pradesh.(Virendra Singh Gosain/ HT Photo)
Updated on Jun 16, 2016 07:33 AM IST
Hindustan Times | ByAppu Esthose Suresh & S Raju, Kairana (uttar Pradesh)

Doubts over the communal angle in Kairana exodus

Local administration’s verification of 119 names given by the BJP MP found that 66 had left their homes five years ago, way before gangster Mukhim Kala was active or the SP was in power

Varun Kumar with his police security at his shop in main bazar, Kairana. His brother's day light murder in August 2014 by Mukheem Kala brought Kairana's crime into limelight.(Virendra Singh Gosain / HT Photo)
Updated on Jun 14, 2016 08:58 AM IST
Hindustan Times | By, Kairana

Revenge road to terror and back

HT Image
Published on Jun 13, 2016 09:09 AM IST

Revenge road to terror and back: Govt scripts new doctrine for radicalised youth

Scores of radicals are surfing cyberspace and the challenge is to keep them from venturing onto a road that may lead to terror.

Suspected terrorists arrested by Delhi Police’s Lodhi Special Cell on May 4.(HT Photo)
Updated on Jun 13, 2016 08:41 AM IST
Hindustan Times | By, New Delhi

Educated, middle-class Indian youngsters drawn to Islamic State

Data accessed by HT shows about 70% of 152 Indians arrested, detained or counselled for links to

File photo of Kashmiri protesters displaying Pakistani and IS flags during a protest against the alleged desecration of Jama Masjid by police in Srinagar, Jammu-Kashmir.(Waseem Andrabi/ HT Photo)
Updated on Jun 13, 2016 02:04 PM IST
Hindustan Times | By, New Delhi

The meteoric rise and accidental fall of defence dealer Sanjay Bhandari

In 2014, after the BJP came to power, a top secret report of the Intelligence Bureau (IB) listed Bhandari as a close aide of Vadra, son-in-law of Congress president Sonia Gandhi, and mentioned that he was friends with the son of a former senior BJP leader.

Ever since Bhandari first left his mark at the expo, he was widely rumoured to have the blessings of Vadra. It was also at this time that he began to make enemies.(Photo taken from OIS website)
Updated on Jun 01, 2016 02:23 PM IST
Hindustan Times | By, New Delhi

Income Tax officials zero in on rapidly growing defence dealer

Income tax officials have searched 18 premises used by a defence dealer who is on the radar of the government over the unusually high growth of his business in recent years.

Income tax officials have searched 18 premises used by Sanjay Bhandari, who set up his flagship company Offset India Solutions (OIS) in 2008.(Picture courtesy: Screengrab/OIS website)
Updated on May 02, 2016 05:07 PM IST
Hindustan Times | By, New Delhi

Karti Chidambaram’s daughter Aditi willed big chunks of global empire

Congress leader P Chidambaram’s son Karti was the executor of four wills that bequeathed shares of Chennai-based Advantage Strategic’s wholly owned Singapore-based subsidiary to the former Union minister’s granddaughter in June 2013, documents recovered by a joint income tax-enforcement directorate probe show.

A file photo of former home minister P Chidambaram’s son, Karti Chidambaram.
Published on Apr 27, 2016 12:36 AM IST
Hindustan Times | By, New Delhi

Mary Kom, Suresh Gopi, Navjot Sidhu may be nominated to Rajya Sabha

The other probable nominations are BJP leader Subramanian Swamy, former journalist and party ideologue Swapan Dasgupta, cricketer-turned-politician Navjot Singh Sidhu and economist Narendra Jadhav.

Mary Kom, who won a bronze medal for boxing at the 2012 Summer Olympics, was reportedly picked to ensure representation from India’s north-eastern states.(File photo/Reuters)
Updated on Apr 22, 2016 01:05 PM IST
Hindustan Times | By, New Delhi

House of debt: The story of rising corporate debt

Vijay Mallya’s Rs 9,000-crore loan default may have grabbed headlines, but the liquor baron’s troubles could well be the tip of a corporate debt distress iceberg.

Mallya’s Rs 9000 crore loan default is just the tip of a corporate debt distress iceberg. 72 companies with a total debt of Rs 5.53 lakh crore have not earned enough to make loan repayments in the past two years.(HT Archive)
Updated on Mar 31, 2016 02:46 PM IST
Hindustan Times | ByAppu Esthose Suresh and Jyotindra Dubey, New Delhi

Fivefold increase in communal incidents marks run-up to Assam polls

The number of communal incidents has shown a fivefold surge in Assam over the previous election year.

BJP’s CM candidate Sarbananda Sonowal gifts PM Modi a traditional Assamese mask in an election rally. Sonowal (eft) blames the increase in number of communal incidents on the Congress and the AIUDF.(Ujjal Deb / HT Photo)
Updated on Mar 27, 2016 08:03 AM IST
Hindustan Times | By, Dhubri

Diversified they fall: When corporates move beyond core competence

How corporate groups wrote the script of their own downfall by moving beyond their core competence

File photo of Kingfisher Airlines planes parked at Mumbai Airport in Mumbai.(Satish Bate / HT Photo)
Updated on Mar 20, 2016 11:29 AM IST
Hindustan Times | ByAppu Esthose Suresh and Jyotindra Dubey

British arms dealer offers help in AgustaWestland chopper deal probe

A British arms dealer wanted in India in the now-scrapped AgustaWestland chopper deal has offered to “assist” in the probe provided he is not arrested, HT has learnt.

A file photo of AgustaWestland AW101 chopper, configured to meet diverse roles for pre-dominantly Maritime and Utility tasks.(agustawestland.com)
Updated on Mar 13, 2016 12:06 AM IST
Hindustan Times | By, New Delhi

There is a limit to which an economy can afford exemptions: Jaitley

For a finance minister who had presented the Union Budget in the morning, Arun Jaitley appeared remarkably relaxed on Monday evening at his office in New Delhi’s North Block, occasionally allowing for lighter moments. He had the look of a man who knew he had done what had to be done. You can see it in his answers; right from the first one, they are direct, to the pint, and pithy

Finance miniser Arun Jaitley interacts with journalists after presenting the Union Budget for the year 2016-17 at National Media Centre in New Delhi.(Vipin Kumar/HT Photo)
Published on Feb 29, 2016 11:41 PM IST
Hindustan Times | ByAppu Esthose Suresh and Suveen Sinha, New Delhi

India on guard: How well prepared are we to stop another terror attack?

In the high-voltage cat-and-mouse game between terrorists and security forces, why is the jihadi usually ahead? Hindustan Times examines the gaps

A commando on security vigil at the Rajpath during rehearsal for Republic Day parade in New Delhi.(HT Photo/Vipin Kumar)
Updated on Jan 25, 2016 02:21 PM IST
Hindustan Times | ByPresley Thomas and Appu Esthose Suresh
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