Hasin Jahan loses maintenance case
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ENGLISH DAILY MORNING REPUTED NEWS PAPER, AHMEDABAD EDITION Editor : Kapilkumar M. Hirpara
Short News Sexual abuse prevalent in almost all Bihar shelter homes: TISS repor
Patna: Sexual abuse, varying in forms and degree of intensity, was prevalent in almost all shelter homes in Bihar, a TISS report made public by the Bihar government said.The Tata Institute of Social Sciences (TISS), which had conducted social audit of short stay homes across Bihar, has found certain institutions “stood out in a manner that was appalling”.The state government had commissioned audit by the TISS in 2017 and the report was submitted to the Social Welfare Department in April this year. According to the 100-page report, the Muzaffarpur shelter home run by Brajesh Thakur, prime accused in the sex abuse case, had been “running in a highly questionable manner along with grave instances of violence. Several girls reported about violence and being abused sexually”.
Joint teams inspect Kochi naval base before commercial flight ops begin tomorrow Kochi: The Centre said on Sunday a joint team of different aviation-related bodies and CISF inspected the Kochi Naval Base, a day after announcing operation of commercial flights from the base from Monday to aid rescue efforts in Kerala. Civil aviation minister Suresh Prabhu also said the watch hour at Vijayawada and Begumpet airports has been extended to facilitate relief operations by IAF aircraft. Watch hour refers the period during which the airport remains open for operation.“A Joint team comprising representatives from DGCA, BCAS, CISF, AAI and Indian Navy carried out inspection of #Cochin Naval Base today to check the feasibility of scheduled operations from there. Steps being taken to start operations with ATR72 from Monday, 20th August,” the minister tweeted.The base will be used by carriers such as Alliance Air, a subsidiary of Air India, to operate 70-seater ATR aircraft to places such as Bengaluru. The minister had said on Saturday that flights from the naval base to other destinations such as Coimbatore, Madurai could also start operations. Other airlines are likely to join this effort too, he had said.
TRS to cash in on KCR’s popularity during polls
Hyderabad: The Telangana Rashtra Samithi (TRS) will prepare a ‘KCRcentric campaign’ for the ensuing Assembly elections to counter Opposition parties. Surveys carried out by independent agencies have revealed that TRS president and Chief Minister K. Chandrasekhar Rao enjoyed more popularity among the people than the welfare schemes implemented by the state government over the past four years. The surveys indicated that no other leader in any Opposition party at the moment matched the popularity and oratory skills of Mr Rao and the TRS wanted to utilise this to the maximum possible extent. Mr Rao had roped in six independent survey agencies to get feedback on the performance of the TRS government, ministers, MLAs, implementation of welfare schemes and the level of satisfaction of the people. The agencies have submitted reports to the CM every three months. He wanted to select the candidates for Assembly seats, devise the party’s campaign strategy based on the results of the survey.
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Kerala rains and floods The unprecedented rains have brought the state to a standstill. Nearly 200 people have died since August 8. At least 33 deaths were reported on Saturday. Essential services have taken a hit, with shortages in medical supplies and drinking water reported from several places.
IMD predicts no rains for next 5 days, relief ops underway
New Delhi : More than 200,000 families have taken refuge at relief camps set up across the state, an official at the Kerala State Disaster Management office said. Anil Vasudevan, who handles disaster management at the Kerala health department, told Reuters that authorities had isolated three people with chickenpox in one of the relief camps in Aluva town, nearly 250 km from state capital Thiruvananthapuram. He said the department was preparing to deal with a possible outbreak of water-borne and air-borne diseases in the camps, where an estimated two million people have taken shelter since the monsoon rains began three months ago. Meanwhile, for the first time since August 9, no red alert has been issued by the Indian Meteorological Department for any of Kerala’s 14 districts. However, the weather forecast for Ernakulam, Pathanamthitta and Alappuzha districts predicted heavy rains at isolated places.
Kerala grapples with 7.2 lakh displaced in relief camps
THIRUVANANTHAPURAM: The rescue operations continued in full swing on Sunday bringing more than 22,034 to safety from various parts of the flood affected areas mainly Chengannur. The death toll rose to 210. Meanwhile, Pope Francis on Sunday appealed to the international community to provide “concrete support” to tens of thousands of flood victims in Kerala, calling the deluge a “great calamity”. Chief Minister Pinarayi Vijayan said 7.24 lakh persons have been lodged in 5,645 relief camps across the state. During the first phase the focus was on saving lives, the next big challenge is to bring the displaced people back to normal life. However, the efforts will continue to save people who are still marooned. Pinarayi said a detailed plan has been chalked out for relief and rehabilitation. All materials required in relief camps would be provided. Specific responsibility has been entrusted with officials for relief camps. Water and food will have to be ensured for those returning home. All water resources which got contaminated during the floods will have to be cleaned. The most important task is to make purified and safe drinking water available.
Jabir Moti, Dawood Ibrahim’s finance manager, detained in London London: The law has moved a step closer to bringing Dawood Ibrahim to justice for the 1993 Mumbai Serial Bomb blasts with the detention of his finance manager and custodian of his dark secrets, Jabir Moti, from London’s Hilton Hotel. In what is clearly a major achievement for the London police, Jabir was detained after meticulous work by the London Police on investigating the financial links leading from Jabir Moti to Dawood, his wife and other close members of his family in Karachi and Dubai.Jabir, a Pakistani national, holds a ten-year visa to the UK and shares common financial interest with Dawood’s wife Mahajabeen, his son Moeen Nawaz and his daughters
Mahrookh, Mehreen and his sons-in-law, Junaid and Aungazeb. Dawood’s youngest daughter Mazia is unmarried.Jabir is involved in investment in Dawood’s businesses which spans across Pakistan and areas covering the Middle East, the UK and Europe, Africa and countries of South East Asia.Sources reveal that Dawood’s earnings
from these businesses and other unlawful activities like illegal arms business, narcotics trade, extortion rackets and real estate business are used for financing terrorists to carry out anti-India operations. Jabir is playing a key role in actively exploring the option of movement of Dawood Ibrahim’s family to the UK.
Assam: 70-yr-old mother dies after son declared doubtful citizen in NRC draft Guwahati: A 70-year-old woman, who migrated to Assam from Uttar Pradesh with her husband in 1945, died when she got to know that her son, who was born and brought up in Assam was declared as a doubtful citizen of the state. The incident came to light only after the death of 70-yearold Chhotki Devi Prajapati whose son Dinesh Prajapati and daughter-in-law Tara Devi did not find themselves in the
final draft list of the National Register of Citizen’s (NRC) Assam.The duo, who have been languishing in a detention camp in Upper Assam’s Tinsukia district, were declared as Doubtful Voters (D-voters). Chhotki Devi had migrated to Assam with her husband Parshuram Prajapati in 1945 from Balia district of Uttar Pradesh. Office bearers of All Assam Bhojpuri Students Union said that the family was
surviving on small farmland and a house given by the government under Indira Awas Yojna Scheme.The couple had two sons--Dinesh and Rajesh and three daughters. All of them were born in Assam and eventually got married in the same state. The mother fell sick soon after her son Dinesh and daughter-in-law were declared as doubtful citizens and asked to face trial in the Foreigners tribunal.
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BJP chief Amit Shah, Union Miniser Rajnath Singh, U’khand CM Trivendra Singh Rawat, UP CM Adityanath take part in ceremony.
Vajpayee’s daughter immerses his ashes in Ganga at Haridwar Haridwar: Former Prime Minister Atal Bihari Vajpayee’s ashes were immersed in the Ganga river at Har-kiPauri in Haridwar on Sunday. The ceremony was performed by his daughter Namita Bhattacharya. Bharatiya Janata Party (BJP) President Amit Shah, Home Minister Rajnath Singh, Uttarakhand Chief Minister Trivendra Singh Rawat, Uttar Pradesh Chief Minister Yogi Adityanath and other leaders were also present for the immersion ceremony.Late #AtalBihariVajpayee’s daughter Namita immerses his ashes in Ganga river at Harki-Pauri in Haridwar. Granddaughter Niharika, Home Minister Rajnath Singh and BJP
President Amit Shah also present. Earlier in the day, his daughter Namita Bhattacharya and granddaughter Niharika had collected the ashes from Smriti Sthal in New Delhi. The former prime minister’s ashes, which were carried in three urns, were first taken by road to Prem Ashram and then to Har-ki-Pauri in Uttarakhand’s Haridwar for immersion.After Haridwar, Vajpayee’s ashes will be immersed
Guided bombs, anti-tank missile successfully test fired in Rajasthan
New Delhi : Indigenously-developed guided bombs — Smart Anti-Airfield Weapons — and anti-tank guided missile Helina were successfully flight tested at separate firing ranges in Rajasthan, the defence ministry said Sunday. It said the Smart Anti-Airfield Weapon (SAAW) was successfully flight tested from an Indian Air Force (IAF) aircraft at Chandan range, while the Helina was test fired at Pokhran. The ministry said SAAW was integrated with live warhead and it successfully hit the targets with high precision. “The SAAW is capable of destroying a variety of ground targets using precision navigation. The tests were conducted between August 16 and 18,” it said in a statement. The indigenouslydeveloped helicopter-launched Helina missile has been successfully flight tested from an army chopper in Pokhran firing ranges Sunday.
in various rivers across the country. It will be immersed in all the holy rivers of Uttar Pradesh, including Ganga, Yamuna and Tapti, to respect his grand stature, the state government had announced on Friday. Yogi Adityanath had previously said that Uttar Pradesh is Vajpayee’s workplace and by immersing his ashes in all the rivers across the state, people will get a chance to be a part of his last rites.
My heart goes out to those excluded from draft NRC in Assam: Mamata
Kolkata : On World Humanitarian Day on Sunday, West Bengal Chief Minister Mamata Banerjee said her heart goes out to those left out of the draft National Register of Citizens in Assam, which has excluded nearly 40 lakh people. Describing human rights as one of the basic tenets of the Constitution, Banerjee said those excluded from the NRC have become refugees in their own country. “Today is World Humanitarian Day. Respecting human rights is one of the basic tenets of our Constitution. On this day, my heart goes out to the 40 lakh people who have become refugees in their own country because of #NRCAssam,” she wrote on Twitter.
Not in favour of Sidhu embracing Pak Army Chief: Punjab CM Amarinder Chandigarh: Punjab Chief Minister Amarinder Singh on Sunday criticised his cabinet minister Navjot Singh Sidhu for embracing Pakistan Army Chief Qamar Javed Bajwa during Imran Khan’s swearing-in as Pakistan Prime Minister. “As far as hugging the Pakistan Army Chief is concerned I am not in its favour. It was wrong for him to have shown affection towards the Pakistan Army Chief at a time when our soldiers are being martyred,” said Singh.He further added that his own regiment lost one Major and two soldiers a few months ago. Singh also questioned casualties due to firing from the Pakistani side of the border, “Whether the man who pulled the trigger is to be blamed or the man who gives the order? Which is the chief, and the chief is General Bajwa.”Amarinder Singh also distanced himself from Sidhu’s decision to attend the ceremony in Pakistan, stating that the visit was made in his personal capacity. “As far
as attending the swearing-in ceremony is concerned, he went there in his personal capacity so it has nothing to do with us. About him being seated next to the PoK President, maybe he (Sidhu) didn’t know who he was,” added the Chief Minister.On his return to India, Congress leader Navjot Singh Sidhu said, “If one is invited as a guest of honour somewhere, then they have to sit wherever they are asked to.” Further clarifying, he said, “If someone (Pakistan Army Chief General Bajwa) comes and says that we belong to the same culture and we will open Kartarpur border on Guru Nanak Dev’s 550th Prakash Parv.
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The growth outlook and the investment potential of states
The Indian economy is now growing at over 7% per year despite an uncertain external environment and mixed domestic conditions. Provisional estimates indicate that the economy grew at 6.7% during fiscal year 2017-18 (FY18). But high frequency quarterly data in the same estimates also indicate that the growth cycle bottomed out in the first quarter of FY18 and growth has exceeded 7% since the third quarter of FY18. Based on these high frequency indicators, which are much sharper than the blunt annual estimates, virtually all official and private forecasts, both domestic and international, have projected that the economy will grow at over 7% during FY19. This is not as high as the 8.7% average growth recorded during FY07 to FY11 as per the recent backcasting of the new gross domestic product (GDP) series (2011-12 base) in the report of the National Statistical Commission’s Committee on Real Sector Statistics. But it marks an upturn compared to the 6.8% average growth for the period FY12 to FY18. This return to 7% plus growth is quite remarkable given the mixed growth environment. Despite robust growth in the US and other advanced economies, the external outlook remains grim with gradual monetary tightening in these countries, elevated oil prices, and the Donald Trump-triggered tariff war. Internally, the price situation is still benign. But rainfall is still in deficit in large parts of the economy, though the situation is improving. The economy has also not yet fully recovered from the shocks of demonetization and the goods and services tax (GST), though their short-term growth effects seem to be fading. That growth has remained high despite this mixed environment has much to do with the fact that a large part of the economy, particularly relating to agriculture and the public services segment, is supply-driven and independent of demand-side market sentiments. Though these supply-side drivers reappear on the demand side because of the circular flow of income, there are clearly limits to such supply-driven growth, as opposed to productivity or demand-driven growth. For the growth prospects of what Indira Rajaraman has called the “core economy” (Mint, 6 July)— the economy excluding agriculture and public services—investment is perhaps the single most important driver, especially when the export outlook is bleak. The quarterly data cited earlier indicates that along with overall growth, the growth of real investment or gross fixed capital formation (GFCF) also bottomed out in the first quarter of FY18 and has risen since then.
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Editor
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What made Alia Bhatt teary-eyed at Priyanka, Nick’s engagement bash?
Mumbai: Priyanka Chopra and American singer Nick Jonas officially announced their engagement after a pooja ceremony held at the actor’s residence here, ending months of speculation about their relationship.Both Priyanka and her beau declared their love for each other on their Intagram pages after the ceremony.They hosted an engagement party in the night, which was graced by Parineeti Chopra, Alia Bhatt, VJ Anusha, Arpita Khan Sharma and many others.While all others came with some difficulty, a video of Alia Bhatt in her car coming towards the venue has made it to the internet.The actress is seen at an emotional high, pleading and requesting journalists to move aside for her car to enter.It however was getting tough for her to control her emotions as Alia then wiped a tear from her eye.
Hollywood - Bollywood Says actress Mouni Roy, who will next be seen in Brahmastra.
Awed by Ranbir and Alia: Mouni Roy
Mumbai: Mouni Roy is basking in the success of her film Gold and is still hoping that it can do far better. “I do not want to react too early. We know only the early trends now. I will be able to comment once the film completes the weekend. As of now I am very elated at how the film’s collections have opened. I am happy with what I have got, but am keeping my fingers crossed and praying for the future,” says the actress. Mouni also shot for some secret but sizzling pictures with celebrity shutterbug Vikky Idnani. “I can act and I can dance. Within a moment I am good with expressions. But when I am told to stand up and give expressions, it takes time. Having said that I shot with Vikky Idnani and he was kind enough to everything last minute and we managed it
Shah Rukh Khan’s Meer Foundation contributes towards Kerala relief fund Mumbai: Bollywood star Shah Rukh Khan’s Meer Foundation, which has been actively helping and supporting the needy, has taken yet another noble step.The non-profit welfare organisation has made a donation of Rs. 21 lakhs to the relief organisations working towards the welfare of Kerala floods victims.Apart from Khan, many other Bollywood celebrities including Hrithik Roshan, Sonali Bendre, Farhan Akhtar, Abhishek Bachchan and Anushka Sharma, have extended their support, urging people to come forward and help the people of Kerala.The death toll in the flood-hit state has reached 357.The central government has
launched massive rescue and relief operations in the southern state. Army, Navy, Air Force, Coast Guard and National Disaster
As she turns 48, actress Manisha Koirala talks about her birthday celebrations and her plans for the year ahead.
Response Force (NDRF) have been asked to mobilize additional manpower, boats, and helicopters to scale up the operations.
I’d rather not act for a few months: Manisha Koirala
Mumbai: Actress Manisha Koirala, who turned 48 on August 16, says that’s she’s never felt better. Letting us in on the details of her birthday bash, she says, “I had a party at the Taj Lands End (Mumbai) and all my friends from the film industry, even the people I haven’t worked with for years and years, came to the party. There was Rekha ji, stunning as ever, who lit up my birthday with her presence and blessings. And even Sanjay Leela Bhansali, who hardly ever socialises, made it a point to be there for my special day,” says Manisha, after a night of partying. What truly made her day was the presence of the entire team of her debut film, Saudagar, at her celebrations. “It seems like yesterday that I made my debut in Saudagar. My director Subhash Ghai, my leading man
thanks to him When pictures come out you will know. I cannot talk about it. The pictures will depict ‘vinaash’. That’s all I can say now,” says the actress who will be seen next in the Karan Johar produced Brahmastra with Alia Bhatt, Ranbir Kapoor and
Vivek Mushran, my co-stars and dear friends Jaggu dada (Jackie Shroff) and Gulshan Arora all showed up for my party. Even Shah Rukh came,” she says.The actress is gratified to know that there’s still so much goodwill for her in the film industry. “At the end of the day, what do we have except for the goodwill we’ve earned? I’m glad I am still thought of with affection by colleagues I haven’t worked with for years,” she says. Manisha’s parents were in Mumbai for the celebration, but her brother, Siddharth, couldn’t make it. “I really missed Siddharth and my bhabhi. But someone had to stay back in Nepal to look after our interests there,” she says.And while all her friends let their hair down and enjoyed themselves, Manisha remained completely sober.
Amitabh Bachchan. “I was always in awe when I went on the sets because when you see Ranbir and Alia on the screen, they are on fire. Since I am the main villain, I had to be bad during the shoot. But then they have been very supportive and helpful and everything has been falling in place,” says Mouni.
Survived on biscuits as a struggler: Rajkummar Rao Mumbai: Actor Rajkummar Rao is a self-confessed foodie, as every north Indian is. But his profession keeps from indulging to his heart’s content. Talking about his love for food, he says, “I love Indian food, but I don’t cook. Being in the profession of acting though, I have to keep my greed under control. Since I’m working continuously these days, I have to follow a diet.” He adds that he gets an opportunity to cheat on his diet only when he needs to put on
some weight for a role. Reminiscing about his early days in the industry and how he survived as a struggling actor, Rao says, “When I came from Gurgaon, my hometown, to Mumbai, I shared a flat with two other boys. The only thing I could cook was noodles. Sometimes, if I had the money to spare, I would order some subzi and chappatis from a nearby restaurant.” “And at times, when I didn’t have much money, I would survive on water and biscuits,” the actor adds.
Former James Bond Pierce Brosnan criticises Bond franchise saying it has lost humour The actor said that the franchise stopped having fun as it faced competition from Matt Damon starrer Bourne action movies
Mumbai: Mumbai: Actor Pierce Brosnan has criticised the recent James Bond films, saying they lacked humour.The 65-yearold actor, who starred as the iconic British spy in four films from 1995 to 2002, said the franchise, now being led by Daniel Craig, stopped having fun as it faced competition from the Bourne action movies, fronted Matt
Damon. “I knew there had been a seismic shift (with films like ‘The Bourne Identity’), and little did I know I was going to be part of that in the curtain falling on my contract. I knew they had to make adjustments. They had strong competition and they haven’t reinvented it, but given it a much more muscular, dynamic twist,” Brosnan told Rake magazine.“When
I played him (Bond), you have to let the audience in that this is a fantastic joke. What I am doing here, jumping off a motorcycle and catching up a plane, is completely preposterous. But for me you had to let them in,” he added.The franchise will be getting a new face to lead after Craig bows out with one final film, scheduled to release next year.
Kangana Ranaut refutes in foul play in any real estate brokerage Mumbai: Being in the showbiz can have its own downside. The recent case that Kangana Ranaut got dragged into is a testimonial of that. The reigning Queen of Bollywood bought a bungalow in September 2017 and the broker who sold the property is now looking at means to extract more money out of her.The property in question is
located in upmarket Pali Hill and has a total area of 3,075 sq ft. Ranaut paid Rs 1.03 crore as stamp duty. Along with the bungalow, the actor has also got a 565 sq ft car parking space. Even after paying the full amount, and breakage fees, the real estate broker is looking at extracting more from the actress. With this intention of extracting publicity
the real estate broker is claiming that his due was not paid.However, that is not the case. As per the industry norms, 1 per cent brokerage fees is paid to the real estate agency and the said amount of Rs 22 lakh was already cleared by her finance team. The broker now however is claiming that he wants 2 per cent of the deal.
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You can’t buy class: Jose Mourinho slams Pep Guardiola’s Man City over documentary AFP
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Asian Games 2018: Bahrain’s Adam Batirov stuns Sushil Kumar in 74kg catergory
Manchester: Jose Mourinho accused Manchester City of lacking class in a scathing response to his own appearances in a documentary series about the Premier League champions.The eight-part series, ‘All or Nothing’ was released by streaming service Amazon last week amid much fanfare. The flyon-the-wall episodes focus on Pep Guardiola’s magnificent efforts in winning last season’s English title, with the producers boasting of their unprecedented access to the champions over the season.But the Manchester United manager was surprised, and clearly angered, by the number of times he appears, or is the
subject of comments, in the series.“I haven’t seen it but I know a few things about the movie,” Mourinho told reporters ahead of Sunday’s clash at Brighton.“You don’t need to be disrespectful to have a fantastic movie.“My reaction is if you are a rich club you can buy top players, you cannot buy class. That is my first reaction.“The second reaction is because I am in the movie I could ask for some royalties.“But if they send me one of the shirts they had in the tunnel when we played there, the shirts that were saying ‘We did it on derby day.’ If they send me one of these shirts, I give up about the royalties.
Jakarta: In a major upset, two-time Olympic medallist Sushil Kumar was on Sundau stunned by Bahrain’s Adam Batirov in the 74 kg category, as the Indian wrestling team’s campaign at the 18th Asian Games began on a sour note here. Sushil lost his qualification round 3-5 to Batirov The London Olympics silver medallist created two opportunities to score in the second period but could not convert
while Batirov did not miss his chances. He led 3-2 with a takedown and then pushed the Indian out for a win. Sushil was not yet out of the competition and if Batirov makes the final, the Indian will be in with a chance to win bronze through the repechage. Meanwhile, Sandeep Tomar won his 1/8 round 12-8 against Turkmenistan’s Rstem Nazarov to move into the quarter-finals of the men’s 57kg freestyle event.
Hasin Jahan loses maintenance case against Mohammed Shami after Alipore court order
Kolkata: Hasin Jahan, the estranged wife of Team India pacer Mohammed Shami on Friday lost the maintenance litigation after the Alipore Court refused her demands. Jahan, who accused the cricketer of domestic violence and extramarital affair demanded Rs. 10 lakh per month but her claims were turned down by the court. However, judge Neha Sharma approved the maintenance claim for their daughter Aairah Shami which is Rs. 80,000 per month according to a report by Zee News.Shami’s advocate made clear the right-arm bowler was open to pay his daughter’s maintenance charge since the beginning but refused to allocate any share towards his wife after she switched back to her modelling
and acting career.Jahan’s advocate defended her client by stating she was still aiming to revive her career but after the Alipore Court refused the claims, she is now aiming to approach the High Court. Shami said his love for cricket helped him battle the off-field problems that pegged him back a few months ago as he made an impressive comeback in the ongoing first Test against England. It was a fine return for the 28-year-old Shami, who was accused of domestic violence and extra-marital affair by his wife Hasin Jahan some months back. He also sustained injuries after being involved in an accident and later missed the one-off Afghanistan Test for failing the Yo-Yo fitness test.
We understand that players are playing for their careers: coach Bangar Nottingham: Assistant coach Sanjay Bangar says India’s batsmen are under tremendous pressure and “playing for their careers” after their horror run in the first two Tests against England resulted in embarrassing defeats. World number one India trail the five-match series 0-2, but put up a solid batting display on the first day of the third game to 307 for six at stumps. “...the players themselves are under tremendous pressure - they are playing for
their careers. We understand that,” Bangar said at the end of first day’s play.“To make at times when things don’t really work in your favour, it is important to maintain composure, have the same sort of sense whether things are going well or not going well. Maintaining your equilibrium, that helps.”The batsmen’s poor performances had put a question mark on the support staff, but Bangar said that such pressure only comes with the job.“All of us understand clearly
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there is no magic wand we can work on any batsman. You have to understand the last five Test matches we played abroad have been in really trying conditions except for the Centurion Test.“Take the Johannesburg Test, which we from within the group believe was one of our best performances, not in terms of the number of runs but the victory we achieved in trying circumstances. So what we value is that Test win over any Test win we have had.
The batsmen’s poor performances had put a question mark on the support staff, but Bangar said that such pressure only comes with the job.
Get Set For The FourthHonor 9N Flash Sale on Flipkart.com
Global cues, macros to dictate markets direction
Mumbai: With the Q1FY19 results season showing some signs of gradual improvement in corporate earnings growth albeit on a lower base driving the equity markets to their all time high, experts believe that the performance of the markets over the next few months would depend on the strength of economic recovery, level of crude oil prices and global trade tensions. According to Kotak Institutional Equities, crude oil prices may have a large influence on India’s macro if the Iran-US situation were to deteriorate into ‘hard’ sanctions on exports of oil from Iran, which will upset global oil supply-demand balance. “India’s macro position would worsen if oil prices were to shoot above $80 per barrel. We note that a $10/bbl change in crude oil prices results in 50 basis point impact on current account deficit and GDP, 30 basis point impact on inflation, modest impact on gross fiscal deficit through higher subsidies on
kerosene and LPG. The fiscal deficit could rise further if the government was to reduce taxes on diesel and gasoline in order to mitigate the impact of higher oil prices,” it said. The equity valuations at the moment are on the higher side as the markets have priced in a strong growth in corporate earnings and further improvement in India’s macroeconomic situation. Any disappointment on these fronts could lead to de-rating of several stocks. “Volume growth figures could disappoint street’s lofty expectations unless the recovery is led by new job creation and investment and not simply a normalisation of demand conditions post the twin ‘blows’ of demonetisation and GST,” Kotak Securities said. The markets would also have to contend with any contagion effect of the troubles in the Turkish economy and weakness in global economy on escalation of global trade issues.
New Delhi: India’s current account deficit is expected to widen to 2.8 per cent of the GDP in this financial year, says a Nomura report. With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal.“Overall, we expect the current account deficit to widen to 2.8 per cent of GDP in FY19 from 1.9 per cent in FY18,” the Japanese financial services major said. It further said that “balance of payment (BOP) funding to remain a challenge in FY19 as the basic BOP (current account + net FDI) is negative and portfolio flows also
remain negative”. CAD, which is the difference between the inflow and outflow of foreign exchange, jumped to $48.7 billion, or 1.9 per cent of GDP, in 2017-18 fiscal. This was higher than $14.4 billion, or 0.6 per cent, CAD in FY17. According to official figures India’s trade deficit, or the gap between exports and imports, in July widened to $18 billion, the most in more than five years. Trade shortfall puts pressure on the current account deficit (CAD), a key vulnerability for the economy. India’s exports rose by 14.32 per cent to $25.77 billion in July, while imports during the month were valued at $43.79 billion.
New Delhi: Honor, Huawei’s e-brand for digital natives, announced the fourthflash sale of its newly launched Honor 9N smartphone starting 12PM on 21stAugustexclusively on Flipkart. The smartphones will be available at an attractive price point starting at Rs. 13,999 in two unique color variants namely Sapphire Blue and Midnight Black. Customers can avail Rs2200 Cashback, 100 GB additional
4G Data and uptoRs 1200 Myntra vouchers with an exclusive Jio Offer. The smartphone comes in two storage variants i.e. 4GB RAM + 64GB at Rs 13,999 and 4GB RAM + 128GB at Rs 17,999. The recently launched value based smartphone, Honor 9N, has experienced an overwhelming response for its first sale.It comes equipped with narrow Notch Display design with 14.84cm, 2280x1080 FHD+ resolution with 19:9 aspect ratio and 79% screen to body ratio for more screen space with minimum bezel experience.Crafted with perfection, the phone is built with 12 layer of premium glass rear design which allows it to have a smooth, mirror like finish, thus, giving it a very glossy and premium look.The primary camera is equipped with leading industry hardware and optimized software to capture clear and good photographs. Users can take pictures just like a professional with Honor 9N’s fast focusing technology (PDAF) and the ‘Bokeh Effect’. The 16MP front selfie camera with 4 in 1 light fusion technology allows users to click those perfect selfies in any given light conditions, thus bringing Honor’s claim of Beauty All Around to life.
India may see FY19 CAD widen over 2.5 per cent According to Nomura, the downside risks to exports remain due to a weaker global growth outlook though currency depreciation could provide some relief to exporters. On the other hand, import growth, is likely to remain elevated in the near-term due to high oil prices, though weak rupee and domestic slowdown will moderate imports in the coming quarters. The rupee has been among the worst-performing currencies against the dollar so far this year and settled below the 70-mark for the first time in history on August 16 on strong demand for the US dollar amid ongoing Turkish crisis. Meanwhile, Moody’s and other experts
have said that CAD will widen to 2.5 per cent of the GDP in the current fiscal due to higher oil prices that has been accentuated by rupee depreciation.Joy Rankothge, Vice-President — senior analyst, Moody’s Investors Service said while the weaker rupee will benefit exports at the margins, it is unlikely to reverse the trade deficit, which hit a five-year high of $8.02 billion in July.“India’s current account deficit is likely to widen to 2.5 per cent in FY19, up from 1.5 per cent in fiscal 2017 due to higher oil prices and strong non-oil import demand as domestic demand accelerates,” he said.
Macro instability due to UPA policies, says Arun Jaitley
New Delhi: Arun Jaitley, on Sunday, blamed the policies of Congress-led UPA government for India’s macro instability and equating it to poor quality of growth. During the UPA regime, “fiscal discipline was compromised and the banking system was advised to go in for reckless lending notwithstanding the fact that it would eventually put the banks at a risk. And yet when the UPA moved out of power in 2014, the last three year record, even in terms of growth, was less than modest,” Mr Jaitley wrote in Facebook. The comment come after a committee constituted by the National Statistical Commission in a report last week said that the economy clocked a 10.08 per cent growth rate in 2006-07 under the then PM Manmohan Singh, the highest since liberalisation of the economy in 1991. This has resulted in a heated debate between Congress and BJP as
the report comes a year ahead of the Lok Sabha polls. However, the Ministry of Statistics and Programme Implementation (MoSPI) said on Sunday that “these are not official estimates” and the data will be released officially later. National Statistical Commission (NSC) too said the methodology for backcasting GDP series is “work in progress” and yet to be finalised. Mr Jaitley said that the high growth witnessed during the UPA’s reign should be seen in the global context as all economies were growing during the boom years, which was not peculiar only to India. “However, post 2014, when the global economy was in slowdown mode, it was India and India alone which has been the fastest growing economy in the world for the last four years and has consistently overtaken China in the growth rate,” the Union minister wrote.
4 / Dt. 20-08-2019, tuesday, Ahmedabad
Violence in Surat after Hardik Patel’s aide Alpesh Kathiria arrested Ahmedabad: Violence erupted in Surat late on Sunday evening following arrest of Patidar Anamat Andolan Samitj (PAAS) leader Alpesh Kathiria by Ahmedabad Police in an old sedition case. Kathiria was among the nine leaders arrested by the Ahmedabad Crime Branch for unlawful assembly and preventing a public servant from discharging his duty this morning. Patidar quota stir leader Hardik Patel was also among those arrested. While Hardik and seven others were released on bail by the police in the evening, Kathiria was arrested in the sedition case dating back to 2015. A large number of protestors belonging to the Patidar community assembled in different Patidar dominated areas of Diamond City Surat late on Sunday to protest against Kathiria’s arrest. Angry mobs set on
fire a BRTS bus. They also burnt tyres and damaged windows of at least one bus. Police said that security had been stepped up in Patidar dominated areas as a precaution. Hardik however, claimed that none of the PAAS workers were involved in the violence and it was the handiwork of hooligans wanting to defame the outfit. Earlier in the day, the police had detained Hardik Patel and several of his associates, while they were on their way to take part in a symbolic fast protest. Nine of them, including Hardik, were later arrested and released. With authorities not granting him permission for holding his indefinite fast from August 25 or allocating him a ground for the fast, Patel had announced that he would go on a symbolic fast in a car in a parking lot at Nikol on Sunday.
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The fast was seen as Hardik Patel’s attempt to revive the agitation demanding reservation benefits in government jobs and college admission to Patidars.
Hardik Patel detained in Ahmedabad, released on bail later
Ahmedabad: Patidar quota agitation leader Hardik Patel and his supporters were detained by the Gujarat police on Sunday ahead of their symbolic hunger strike in Ahmedabad’s Nikol area, police said. Incidents of stone pelting and road blockade were also reported in Surat hours after Hardik was taken into custody. Surat police said they had detained 30 people in connection with the violence. Hardik (26) had announced to a day-long fast for today after his plea to allot an open plot in Nikol to hold a protest from August 25 did not evoke any response from the administration. Hardik had last month announced that he would not eat until his two demands – OBC status to Patidars and farm loan waiver – are met. The
Gujarat: Indian Coast Guard apprehend nine Pakistani fishermen
Crime Branch registered an FIR against Hardik and eight others under sections 143 (Unlawful assembly) and 186 (Obstructing public servant in discharge of public functions) of the IPC, said crime branch DCP Deepan Bhadran. He was later released on bail. The fast is being seen as Patel’s attempt to revive the agitation for reservation benefits in government jobs and college admission to Patidars. Otherwise a staunch supporter of the BJP, a section of the influential Patidars has been at loggerheads with the state government, resulting in electoral losses to the party in the 2015 local body and 2017 assembly elections. In the run up to both the elections, Patel and his supporters had declared their support for the Congress.
Hardik said, the farmers will continue their agitation for the debt waiver
Ahmedabad: Nine Pakistani fishermen on board a fishing boat were apprehended by Indian Coast Guard (ICG) after they allegedly crossed over to the Indian side of International Maritime Boundary Line (IMBL) in the Arabian Sea and were brought to Okha port in Devbhoomi Dwarka on Sunday.
The arrests come a week after Pakistan released 26 Indian fishermen as a goodwill gesture before formation of new government in that country. Officers sailing on board ICG ship Meera Behn apprehended fishermen from the neighbouring country after they were found fishing on the
Ahmedabad: Pass-conveyor Hardik Patel on August 25 will not get permission for fasting on fasting. Today one day symbol is fasting without approval. Following the police, the police detained Harold and his supporters from going to Nicol and took away the Crime Branch. However, after the intervention of Hardik Patel, Patidars across the state protested fiercely by protesting. The police was forced to leave Indian side of the IMBL Hardik Patel so that the late on Saturday. “ICGS situation did not increase Meera Behn, a frontline due to this. With the fast patrol vessel of exception of Hardik Patel, Indian Coast Guard Hardik had a stern strike Region (Northwest) on the government. Hardik while patrolling close to Patel said aggressively, International Maritime saying that his agitation Boundary Line (IMBL), will continue. Chief noticed a Pakistani fishing Minister Vijay Rupani and boat towards Indian side Amit Shah will not be able at about 1855 hours on to stop his agitation. Hardik Patel said that Amit Shah 18th August 2018.
Gandhi Nagar: Today, on Sunday (August 19th) Rajkot police made a lot of new explanations by press conferences by taking a groundnut raid. The city police commissioner and SPA conference said that by tomorrow, the main accused of the groundnut case, Magan Zalawadiya will be arrested, it has also been introduced in the court. Police have already arrested some of the accused in the case of groundnut, all the inquiries are currently being done. Police have got a lot of information after the inquiry. Police have filed a complaint against 8 people for burning of groundnut. In which Jhalawadiya vahai Kazi Bhabhai is also accused. After burning the baron,
the remaining 34,000 beds were taken safely. Let me tell you that on 13th March, 17 crore bardanas were burnt down. In this, crime was registered by the police in Rajkot B division. Apart from this, an offense has been registered against the accused in B division for fraud, evidence of the destruction of evidence. Police have also informed that traders of Arvind and Mahesh purchased pearls. It is noteworthy that there were incidents of fire in various parts of Gujarat in Godown area. There is also a case of clay erosion in groundnut. In which the Congress party was giving a program of firing for the past several days with the demand for investigation and pushing the accused behind bars.
Gandhi Nagar: Very few cinegoers have heard the name of Preeti Sood. In the year 2014 a movie called ‘Revolver Rani’ came and passed. Preity Sood was cast in the lead role in the film. The film does not run, but Preeti Sood, who plays heroin in the film, proves to be a ‘heroine’ in real life. Due to the timing of Preeti Sood, not only two juveniles could be rescued, but the scandal broke out to sell 300 children of under-age abroad. Talking about this: Some time ago, one of his friends called up Preeti and said, “I am sitting in Saloon, in Versova, Mumbai, where two girls of age 10 and 14 years of age have come to perform ‘professional makeup’. Two men standing outside the salon waiting
has become the General Dyer and he is getting his work by moving the police forward but this time he will not be able to stop his movement. Hardik also gave advice to the media and said that they live with truth and deliver the truth to the people. Hardik accused the police of running the government’s direction that the police detained them illegally, and they were treated badly. Hardik said that his colleague and passenger, Manoj Bhai, was abducted by the police and cursed him. Hardik Patel said that the Constitution also gives a leave to oppose sitting on fast and also reminding the Supreme Court’s order that the Supreme Court ordered the movement in Ramlila to arrest any person who is sitting on fast and they are agitating.
international Meeting with foreign leaders ‘not a bad thing’: Donald Trump
Washington: United States President Donald Trump on Saturday defended his recent meetings with foreign dignitaries such as North Korean leader Kim Jong-un and Russian President Vladimir Putin, saying it was “not a bad thing.”In a video posted on Twitter, Trump said, “Many people ask why I meet foreign leaders and waste my time. It is very important that if you are the president, you should be with the foreign leaders. There is nothing to lose and there is a lot to gain.” He recalled his summit with Kim at Singapore in June, saying that North Korea had returned the remains of the US war troops killed in the Korean War.“Nobody is shooting out missiles and there are no nuclear testings and other things going on that were terrible earlier,” Trump stressed in reference to North Korea.Trump and Kim had met in Singapore and signed a joint agreement, wherein the latter agreed to work for a “complete denuclearisation of the Korean Peninsula” in exchange for security guarantees by the US. Although Kim had vowed to give up developing nuclear weapons and ballistic missiles, a confidential report by the United Nations revealed that the country is reportedly continuing to pursue its nuclear weapons programme.
We have many resources, economy not at ‘dead end’: Iran on US sanctions
London: Iran said on Saturday it would resist the pressures of US sanctions by relying on its natural and human resources, as Washington pushes allies to cut economic ties with Tehran.“It is a critical moment for our economy, but we are not in a dead end,” Vice President Eshagh Jahangiri was quoted as saying by the state news agency IRNA.“This country has plenty of human and natural resources that can rely on.”“The size of our oil and gas resources is number one in the world. In minerals and metals we are among the top 10 countries,” Jahangiri said.Washington has withdrawn from a deal that had lifted sanctions on Tehran in return for curbs on its nuclear programme.Sanctions imposed in August target Iran’s trade in gold and other precious metals, its purchases of US dollars and its car industry.US President Donald Trump has said a new round of sanctions will be imposed in November, targeting Iranian oil sales.
Pope Francis prays, asks for ‘concrete support’ for Kerala flood victims
Magan will be Salaam ‘Revolver Rani’ Preity arrested till Sood! What did you do with Zalawadiya Monday
this actress’s courage? for the girls. This thing is unimaginable for love. On suspicion, it immediately reached the salon on the Yari road of Versova. He felt that these girls would have been brought to Mumbai for selling in the local khetanakhana. Anyway, but the love that these minors have for girls. After taking these girls into confidence, Preeti interacted with them. The girls said that we come from Gujarat and we are going to America with our uncle standing outside. Preeti asked the girls to go from there, both men standing outside the conversation with these girls. Preeti prevented these men. They asked Mahabir to go to Mahim, asking them where they would go along with these minors.
These men could not argue against Preeti for going with them. In the meanwhile, they were not aware of these men and they were against being not local. An estranged boy escaped before police arrived at Versova police station when he was about to estimate the matter. However, the arrest of the other was exposed by the entire scam of ‘Child Trafficking’. If I want to love, ‘what do I have?’, ‘Who is in this trouble?’ The questions like - would have been asked by yourself and would have gone out of there. But Preeti did not do this and immediately informed the Versova police. This courage of love is Kabil-Dada. After that, the fact that came in front of them was shocking.
Pope Francis on Sunday called on the international community to show solidarity with the victims in flood-hit Kerala.
Vatican City: Pope Francis on Sunday called on the international community to provide “concrete support” to the victims in flood-battered Kerala. Pope Francis prayed for the victims of the flooding at St Peter’s Square, the Vatican News reported. “The inhabitants of Kerala have been harshly struck by intense rains, which have caused flooding and landslides, with heavy loss of human life, with many people missing and displaced, with extensive damage to crops and homes,” he said.He voiced his hopes that “these brothers and sisters” would be supported by “our solidarity, and by concrete support from the international community”. He expressed his closeness to the Church in Kerala, “which is at the forefront of efforts to bring aid to the population.”Pope Francis then led the crowds gathered at St Peter’s Square in prayer for those suffering from “this great calamity.” Over 300 people have been killed since August 8 in the state’s worst floods in a century while over 3.14 lakh people have been moved to relief camps.
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