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Cardi B reacts to viral scout girl’s video
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Mitchell Starc ruled out of ODI series
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ENGLISH DAILY MORNING REPUTED NEWS PAPER, AHMEDABAD EDITION Editor : Kapilkumar M. Hirpara
Short News SC refuses 'pressure cooker' symbol to AMMK leader Dhinakaran New Delhi: The Supreme Court Thursday refused to grant the 'pressure cooker' symbol for now to the TTV Dhinakaran-led Amma Makkal Munnetra Kazhagam (AMMK). The Delhi High Court had on March 9 last year directed the Election Commission (EC) to allot a common symbol, preferably that of a 'pressure cooker', and a name to the then AIADMK (Amma) faction led by Dhinakaran. A bench of justices AM Khanwilkar and Ajay Rastogi said if the high court does not dispose of the pending case regarding the allocation of the symbol within four weeks then EC may proceed as per the March 9, 2018 order.
'Fortunate my name didn't come out in #MeToo movement': Shatrughan Sinha Mumbai: Actor-politician Shatrughan Sinha today said behind a successful man's fall is a woman. However, he clarified that he is not making fun of the #MeToo movement and his comments should be taken in the "right humour". "Today is the time of #MeToo, and there shouldn't be any shame or hesitation to say that behind a successful man's fall is a woman. Behind the troubles and infamy of successful men, there have been mostly women that I've seen in this movement," the Bharatiya Janata Party leader said at an event. "I really call myself fortunate that in today's times, tamam harkate karne ke bawajood (despite everything that I have done), my name hasn't come out in the #MeToo movement.
Bihar: Muslim teacher attacked for not saying ‘Vande Mataram’ on Republic Day Katihar: A scuffle broke out between a teacher, who identifies himself as Afzal Hussain, and locals at a primary school in Abdullahpur on Wednesday after the former allegedly refused to say 'Vande Mataram' after flag-hoisting on the Republic Day (January 26). The video of the incident has apparently gone viral on social media after which Hussain too stated that he had not said ‘Vande Mataram’ as the same is against his religious belief. He said, "We believe in Allah and Vande Mataram is against our belief. The term means Vandana of Bharat Mata which is not what we believe in. Nowhere in the Constitution is it written that saying Vande Mataram is necessary.
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08th february, 2019, friday
Ready for healthy competition in 2019 polls, says PM Modi in Lok Sabha New Delhi
Prime Minister Narendra Modi addressed the Parliament on Thursday even as the Opposition wants a debate over various issues, including the farm crisis, unemployment and alleged misuse of constitutional bodies. PM Modi said, “I wish for healthy competition in the upcoming elections. I would also like to encourage all those youth who will be voting for the first time. While addressing the Lok Sabha, Modi said that his govt is known for honesty and it is a government for the poor. “Our friends in the Congress see things in two time periods. BC, which is 'Before Congress', when nothing happened and the other, is AD-'After Dynasty'where everything happened,” PM added. Attacking the Opposition, PM Modi said,
“You want to know what is my crime for them? That I am a person born in a poor family and is challenging their 'Sultanate'. In 55 years of their rule, sanitation coverage was around 38 per cent and in our 55 months, it is nearly 98 per cent. See Congress manifestos of 2004, 2009 and 2014. In all the manifestos you have promised that within 3 years every house will have electricity. I am amazed at this.” “Gas connections in their 55 years of rule were 12 crore, it is 13 crore in our 55 months. We have worked at much faster speed in our five years," he added. "Congress insults Army, calls the Army Chief a 'Gunda' but it is Modi who is destroying institutions? Congress leaders create stories that Indian Army is planning a coup but it is Modi who is destroying institutions?,” he added.
'I challenge PM for Rafale debate, but he will run like a coward': Rahul gns, New Delhi Stepping up attack on PM Modi, Congress president Rahul Gandhi on Thursday dared a five-minute debate with him on national security and the Rafale deal. "Modi ji, you said you have a 56-inch chest. I challenge you to come a have a face to face debate with me. I challenge you," Gandhi said. Gandhi added, “I challenge the BJP, let Narendra Modi ji debate with me on stage. He is scared. He is a darpok (coward) person.
Yogi govt allocates nearly Rs 450 crore for gaushalas, Rs 459 cr for madrasa modernisation The Yogi Adityanath-led Uttar Pradesh government allocated Rs 247 crore for maintenance and construction of gaushalas in rural areas, and Rs 200 crore for Kanha Gaushala and Destitute Cattle Shelter Scheme in urban areas in its Rs 4.79 lakh crore budget for 2019-20. The annual budget was presented by state Finance Minister Rajesh Agarwal. Chief Minister Yogi Adityanath was present in the House
when the finance minister read out the budget speech. In his speech, Agarwal mentioned a number of new populist schemes. This is the third budget of the Adityanath government in the state. The 2019-20 budget has made a provision of Rs 26.57 crore to set up Sainik schools in the state.
A provision of Rs 10 crore has been made to set up government intercolleges (both boys and girls) in the state. Yogi government allocated Rs 50 crore for WiFi in all colleges and universities in Uttar Pradesh.Along with Rs 800 crore allocation for Jewar International Airport, Rs 200 crore has been proposed for new airport at Ayodhya. Rs 56 Cr will be used to set up a new dairy in Mathura. This year budget sees 12 per cent hike as compared to last year.
Fire tenders are at the spot.
Major fire breaks out at Noida’s Metro Hospital
gns, New Delhi A major fire broke out on the first floor of Metro Heart Institute in Noida’s sector-12 on Thursday afternoon. Around 35 patients who were on the second floor when the blaze began
have been shifted to a nearby multispeciality hospital run by the Metro group. There are no reports of casualties so far and the cause of the accident is yet to be ascertained. Six fire tenders which rushed to the spot have managed to douse the fire. The
Money laundering case: Robert Vadra before ED for second day
New Delhi
UP Budget 2019: At Rs.4.79 lakh crore, the UP budget for 2019-20 is 12 per cent higher than the previous year's budget of Rs. 4,28,384.52 crore.
gns, New Delhi
Mo : 98250 98053
The ED is probing whether Robert Vadra purchased a property at Bryanston Square in London through absconding arms dealer Sanjay Bhandari.
PM Modi said, 'I would also like to encourage all those youth who will be voting for the first time.'
Govt blocks proposal on judge for J&K, SC Collegium asks why New Delhi : On April 6 last year, the Supreme Court Collegium, then headed by Chief Justice Dipak Misra, had cleared the decks for the appointment of Senior Additional Advocate General Wasim Sadiq Nargal as a judge in the J&K High Court. This would have made Nargal the first Muslim judge from Jammu in the High Court. Also, Nargal, who was 49 when recommended by the Supreme Court for elevation, would have had more than 12 years as a permanent High Court judge and, by convention of seniority, would have been a potential Chief Justice of a High Court in the country. The Law Ministry returned the recommendation, and a year later, is yet to say why. The current SC Collegium has asked the government to explain.
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heart institute, which is run by the Metro Hospitals Group, was established in 1997 and has 110 beds. A 207-bed multispecialty hospital belonging to the same group is located less than 200 metres away from the institute. More details are awaited.
Businessman Robert Vadra appeared before the Enforcement Directorate (ED) on Thursday in connection with a case of alleged money laundering related to properties in the UK worth 1.9 million pounds. Vadra, the brother-inlaw of Congress chief Rahul Gandhi, was grilled by the ED for over five hours on Wednesday. The ED is probing whether Vadra purchased a property at Bryanston Square in London through absconding arms dealer
Sanjay Bhandari. Sources told The Indian Express that Vadra was questioned about his association with Bhandari and financial transactions on Wednesday. The ED reportedly provided documents to link him with the properties during the interrogation. Vadra’s lawyer Suman Khaitan, meanwhile, maintained that his client was innocent and that he has been incorrectly charged. “All charges against him are wrong. We will cooperate with the agency 100 per cent,” Khaitan said.
Explained: Why RBI’s decision to cut repo rate comes as a surprise New Delhi
The RBI’s Monetary Policy Committee (MPC) has decided to cut its key policy rate — the repo rate — by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. This is the first policy of new RBI Governor Shaktikanta Das, who also heads the MPC. The panel also decided to change the monetary policy stance from ‘calibrated tightening’ to ‘neutral’. It was widely expected ahead of Thursday’s meeting that the MPC may not tinker with the policy rate but could restrict the changes to a shift in its stance to ‘neutral’ from ‘calibrated tightening’. While headline inflation, led by food inflation has been benign, continuing high levels of core inflation — the non-food, non-fuel
At least 10 Maoists killed in Chhattisgarh encounter gns, New Delhi At least 10 Maoists were killed in a major encounter that broke out in Chhattisgarh’s Bijapur district on Thursday. A senior police official told The Indian Express that eleven weapons were recovered and searches are still underway. The encounter took place around 11am at the bank of the Indravati river in Abhujhmaad, about 25 kilometres from Bhairamgarh town. The river Indravati acts as a natural boundary for Abhujhmaad. On Saturday, a woman was killed and another injured, allegedly in crossfire during an encounter between CRPF and Maoists in Godelguda village in Chhattisgarh’s Sukma district. However, local villagers Wednesday alleged that the women were victims of a “fake encounter”. Police too admitted that the two women, Podiyam Sukka and Kalmi Dewe, were not Maoists, but maintained that they were caught in the crossfire.
component of inflation — had led to the expectation that the RBI might stop short of cutting rates and restrict itself to a change in stance. The rate cut, therefore is a bit of a surprise. When the RBI cuts its benchmark lending rate, banks typically pass on the benefit to the customers. As and when the banks decide to pass on the rate cut, consumers could see home,
auto and other loans getting cheaper. Interestingly, while the decision to change the monetary policy stance was unanimous, on the repo rate cut, it was a 4-2 decision. Ravindra Dholakia, Pami Dua, Michael Patra and RBI governor Shaktikanta Das voted in favour of the decision. Chetan Ghate and Viral Acharya voted to keep the policy rate unchanged.
The case pertains to alleged mental, physical and sexual exploitation of minor girls residing at a shelter home in Muzaffarpur. The Bihar government had referred the matter to the CBI after pressure from the Opposition.
SC transfers Muzaffarpur shelter home abuse case to Delhi POCSO court, raps CBI for removing probe officer New Delhi
The Supreme Court on Thursday transferred the trial of Muzaffarpur shelter home case from Patna to a POCSO Court in Delhi. The apex court ordered the commencement of the trial within two weeks and finish hearing within six months. A bench led by Chief Justice of India Ranjan Gogoi also came down heavily on the CBI and Centre for transferring an officer probing the case despite the apex court’s embargo against the transfer of investigating officials. “Was cabinet committee which transferred him informed of Supreme Court embargo?” the CJI said. Asking the CBI to explain why the probe officer, A K Sharma, was transferred, Gogoi said:
“Enough is enough. We will ask Bihar Chief Secretary to appear before us. Get someone here who is conversed to what is happening in the state. You can’t let your officers to treat unfortunate children like this. Spare the children.” The case pertains to alleged mental, physical and sexual exploitation of minor girls residing at a shelter home in Muzaffarpur. The Bihar government had referred
the matter to the CBI after pressure from the Opposition. In December last year, the CBI filed a chargesheet against all the accused under the POCSO Act. The matter had come to light in 2018 when the Bihar Social Welfare Department filed an FIR based on a social audit of the shelter home conducted by Mumbaibased Tata Institute of Social Sciences.
2 / Sunvilla Samachar (English Daily) Editors’ Picks thursday, 07th february, 2019
It is time to revisit the interest rates paradigm
As the weather changes so does our clothing style. In peak summer, it is T-shirts and, in winters, we get our sweaters out. We keep doing this every year so that we remain in our comfort zones. While this is not an exact corollary, but interest rates, inflation and economic growth, too, follow a cyclical and reflexive behaviour. High interest rates drive down economic growth and inflation. Low economic growth pushes the central bank to reduce interest rates and this cycle continues forever. There is always a debate about “ahead of the curve" or “behind the curve", and striking balance between inflation and growth. As the Indian economy has grown at over 7% compounded annual growth rate (CAGR) for the last 15 years, credit formation has deepened across both industrial and consumer sectors. While India is the fastest growing large economy in the world, it has had high interest rates—both real and nominal. The real interest rates in India are at over 4% as against 1% or even negative rates in other large economies, such as the US, China, Germany, Japan and the UK. Prevailing interest rates impact the cost of capital and return expectations. Our analysis suggests that the return on total capital employed (ROCE) by leading Indian companies in capital intensive sectors is similar to that earned by leading global companies. For example, leading Indian and global steel companies have an ROCE of approximately 7.5%. Global rivals are earning higher returns in sectors such as airlines and telecommunications. However, when we take the impact of leverage and look at the return on equity (ROE), in most capital-intensive sectors, the returns to Indian companies are less than their cost of capital (they are comparable with the yields on government securities). In India, the equity returns in capital-intensive sectors financed with high debt-equity ratio suggest that it might not be economically prudent to invest in these businesses. It is no coincidence that these sectors are also witnessing high levels of non-performing assets. Returns in the industrial, manufacturing and infrastructure segment are driven by competitive forces and the cost of capital. High cost of debt increases the risk premium, and is one of the reasons capital-intensive manufacturing and infrastructure projects are not as attractive to invest into. Anecdotally speaking, entrepreneurs are investing their equity in low capital expenditure (capex) sectors with shorter working capital cycles such as information technology, consumer goods and services sectors. These sectors need small doses of debt capital, as they have low capex needs and a short working capital cycle of 60 to 90 days. Whereas, hard asset sectors are long-cycle businesses, and require 7 to 15 years’ capital. It is no surprise that almost all infrastructure companies and real estate developers operate at 0-10% ROE. For setting interest rates, the Reserve Bank of India, in 2015, had decided to use inflation data derived from the consumer price index (CPI) instead of the wholesale price index (WPI). CPI is more representative of inflation, which is calculated based on a basket of goods that are assumed to be consumed by the people in their daily lives. A major divergence between the two indices is the weightage given to the basket of - Kapilkumar M. Hirpara goods considered. Editor
Bollywood Exciting to play villain: Nimrat Kaur
The American Spy thriller series Homeland which has completed seven seasons thus far will be starting off its eighth season this year. The good new for Bollywood fans is that Nimrat Kaur who was seen in the fourth season will now return for the final fling as the concluding season is being filmed currently to premiere in the fall of 2019. Nimrat played the role of a Pakistani ISI agent Tasneem Qureshi in the thriller series. “I had a lot of fun being on that show in season 4. To play a villain is particularly exciting and to go back for the last and final season, and I am promise five awards,” she laughs. “It is the last season, I did not know how big it was and when it was so loved and it became so popular. It was fun to be loved to be hated and it is a warm kickass feeling. People would come to me at public places and tell me ‘we love to hate you,’ so when they asked me to come back to it, it was a no brainer,” says the actress who has been roaming the world with the show.
Sophie Chaudary agrees with Malaika and feels these songs promote the film and hence are special and even iconic. Malaika Arora has been a part of many superhit dance numbers in Bollywood from Chaiyya Chaiyya to Munni Badnaam Hui, Anarkali Disco Chali to Hont Rasiley among others but she hates the item song and the item girl tag. “Please do not tag or label that as an item song. I have done so many songs and the one thing I can say that I have never been objectified in any song. I have done the song willingly and completely knowingly what the situation is. If someone feels it is important that they should come forward
and speak about it,” says Malaika on the sidelines of an event to promote her friend Sophie Chaudry’s music album. Sophie agrees as well. “I don’t want to call them item songs because it reduces importance. I think they are very special songs. They have been there since ages. They have become iconic over the ages. We reduce the songs by calling it an item number. Helen aunty has been doing it for so many years. It is being made on a grand manner and it is there to celebrate and promote the film. We want great music and dancing it is a part of Bollywood culture,” she opines.
My life’s experiences have found their Mungda way into the film: Gazal Dhaliwal team blasts Mumbai
her own ordeals of suppression and the comforting support she received from her parents find representation in the movie. “When I think about it, there is no denying that my life’s experiences have found their way into the film. Firstly, I happen to be an introverted person like Sweety. I did live a life of suppression, feeling caged in my own body for two and a half decades. Secondly, and more importantly, my parents understood me and chose to love and protect me just the way Balbir (Anil Kapoor) does for Sweety in the end,” she reveals.
Ek Ladki Ko Dekha Toh Aisa Laga has not only been doing well at the BO but has also remarkably achieved bringing a heart-warming LGBTQI+ narrative into a mainstream Bollywood movie. While many have tried to bring stories of the minority community on the screen before, the apt portrayal of what individuals from the community continue to face has seen a groundbreaking portrayal in the movie, thanks to its writer Gazal Dhaliwal. According to Gazal, who is a transsexual woman herself,
Hollywood buzz
Cardi B shared Kiki's video and captioned it as, “I want all the cookieshhh,”.
los angeles
Singer Cardi B took to Twitter to acknowledge the viral scout girl's video and reacted in an adorable manner. According to eonline.com, recently, a video of a 10-year-old scout girl Kiki Paschall created a lot of buzz of the internet when she mixed Cardi B's famous Money track. The little talented girl's video said, “Black girl magic, you know the deal/ Communities served, leadership skills/Studio City to Woodland Hills,” the youngster rhymes to the tune of the famous song. "Been in this game since 2014/selling them cookies is my thing/buy Thin Mints or even S'mores/ Please open up when I knock on your door.” Cardi B shared Kiki's video and captioned it as, “I want all the cookieshhh,”.
Jennifer and beau Cooke Maroney are now engaged! Actress Jennifer Lawrence is engaged to boyfriend Cooke Maroney. While the two have not given out an official statement, her representative has confirmed the news. According to Page Six, the Hunger Games actress was spotted wearing the rock on her engagement finger during a dinner date with Maroney. It seems like the two were celebrating the occasion at Raoul's, an upscale French restaurant in New York City. “It was a giant rock. They seemed like they were celebrating and people were talking about it,” a source told the outlet. “The ring was very noticeable. They were sitting back in a corner. She was wearing a cute black dress with white polka dots.” According to certain reports, the two have been dating since for close to an year but neither of them commented on it.
Don’t badnaam special songs, says Malaika Arora Mumbai
Mumbai
Cardi B reacts to viral scout girl’s video
los angeles
Date: 08/02/2019, friday, Ahmedabad
The Zoom Studios announces its fourth original ‘Mom & Co.’ Ahmedabad
Mother, one word – multiple emotions; one person – multiple roles. From a care giver, a friend, a mentor, a guide, a mother undoubtedly is the greatest relation in anyone’s life. But do we give them the due credit? Do we recognize every time that they put us before themselves? The Zoom Studios, original content arm of zoOm styled by Myntra is all set to celebrate the beautiful relationship between a mother and her son with its fourth original ‘Mom & Co.’ premiering February 09, 2019 at 7 pm on The Zoom Studios YouTube Channel and zoOm styled by Myntra. Marking the digital debut of veteran actor Neliima Azeem, ‘Mom & Co.’ is a 10- episode series that narrates the story of Suhasini Rao (Neliima Azeem), a single mother and home-maker and her son Aditya Rao, an HR professional played by Ayush Mehra. Their relationship takes a beating when Aditya loses his job and the frustration of that is often vented at the mother. As the story unfolds, the dynamics of the relationship between the mother-son duo takes interesting turns, leading Aditya to realize that the reason behind his popularity at work was the “dabba” his mother packed for him every day.
the remix
Mumbai Classics and non-classics continue to be vandalised by the creatively bankrupt entertainment industry. Old songs are ripped off from their original habitat and rejigged in a new format. The newest hit to be hit by a tornado of lazy trashing is Rajesh Roshan’s Mungda, a blockbuster composition from the 1977 suspense thriller Inkaar originally sung by the youngest of Mangeshkar siblings Usha Mangeshkar and filmed on the inimitable Helen. The song has now been “recreated” for Indra Kumar’s Total Dhamaal. And the original composer is not amused. Says Rajesh Roshan, “I think there is less of inspiration and more of perspiration in the music industry. The filmmakers have lost confidence in creating new songs.” Recalling the tremendous impact of the original Mungda, Rajesh Roshan says, “I gave Usha Mangeshkarji the song to sing. She sang several songs for me and was one of those competent singers who could breathe life into a tune.” Usha Mangeshkar who is the least limelight-friendly member of the illustrious Mangeshkar family says she is opposed to remixes in principle. “Our songs (the songs sung by the Mangeskar sisters Lata, Asha and Usha) were created after a great deal of thought and they were done with sensitivity and care. To rip them off in this arbitrary manner is not correct.” Adds Lataji, “We are not asked if we approve or not. No one seeks our consent before using our songs. Is that right?”
#MusicSeBadhengeHum
Judge Shaan visits Ahmedabad to promote Sa Re Ga Ma Li’l Champs Ahmedabad
They ruled reality television as the undisputed leaders of the weekend 9 PM slot all through the show’s gloriously successful 8 month run in 2017. The universal popularity of the previous season of Sa Re Ga Ma Pa Li’l Champs as the No 1 non-fiction show across GECs stands testimony to how Sa Re Ga Ma Pa has constantly reinvented itself, thereby staying relevant to the dynamic and ever-evolving tastes of Indian audiences. And the kids are back to blaze your screens with their undeniable talent, their relentless energy, their verve and undying spirit
to learn and grow with music as Season 7 of Amul Sa Re Ga Ma Pa Li’l Champs powered by Brooke Bond Red Label premieres on 9th February and airs every Saturday and Sunday at 9 PM only on Zee TV. Guiding and
grooming the young talent in their journey to becoming India’s musical doyens will be three supremely talented mentors who have been instrumental in taking Bollywood music to unforeseen heights. Amaal Mallik will be making his judging debut with this season alongside Sa Re Ga Ma Pa veterans – the widely popular singer-composer Shaan and the charismatic singercomposer Richa Sharma. Along with the mentors, an esteemed panel of 15 music connoisseurs- experts from the music fraternity, will play the role of the jury and assess the aspiring singers right from the audition stage and help mentors in selecting only the best.
3 / Sunvilla Samachar (English Daily)
SPORTS ROUNDUP
Date: 08/02/2019, friday, Ahmedabad
Ranji Trophy: Akshay Wakhare, Aditya Sarwate star as Vidarbha clinch second title
Mitchell Starc has been ruled out of the ODI series against India due to injury sustained during the second Test win over Sri Lanka.
SS NEWS, Ahmedabad On Valentine’s Day (or any other day) does your bae leave you hanging, or worse, forgets to call you back? Worry not, as there is an adorable new bae in town that won’t do any of this, and just follow you wherever you go -KFC Bucket Bae- ‘Cause true love follows you back! Nagpur
Australia fast bowler Mitchell Starc has been ruled out of the ODI series against India due to injury sustained during the second Test win over Sri Lanka. Australia are travelling to India for two T20Is and five-match ODI series. Starc will be replaced by Kane Richardson in the 15man squad announced by Cricket Australia on Thursday. Starc, who was the man of the match in the second Domain Test against Sri Lanka in Canberra for claiming 10 wickets, is suffering from pectoral muscle injury in his upper body. Richardson, who shone in the Big Bash T20 League for the Melbourne Renegades, is recalled for his first international series after Australia were whitewashed 5-0 by England last year. “Kane not only has experience playing ODI cricket for Australia, but he’s also performed well for his country when given the opportunity,” said selector Trevor Hohns in a statement.
Defending champions Vidarbha won the 85th Ranji Trophy title, beating Saurashtra by 78 runs in the summit clash here on Thursday. Set a target of 206, Saurashtra folded for 127 in 58.4 overs, giving Vidarbha their second title
triumph in the country's marquee first-class tournament. Left-arm spinner Aditya Sarwate was the star for Vidarbha, claiming six wickets in his 24 overs in the second innings. He had picked up 5/98 in the first innings. Star batsman Cheteshwar Pujara, who played a
Mumbai Spin legend Anil Kumble made history on this day 20 years ago when he ran through Pakistan’s line-up and took a 10fer at the Feroz Shah Kotla in Delhi. Kumble became only the second bowler in Test history to take all 10 wickets in an innings, and that too against none other
than arch-rivals Pakistan. The former India coach’s 10/74 in 26.3 overs delivered India’s biggest Test victory against Pakistan, a remarkable 212run win to wrap up the series in their favour. The only other cricketer to achieve a perfect 10 was English offspinner Jim Laker (10/53) in 1956 against Australia in Manchester. The hosts set
New Delhi
Indian ace P V Sindhu exuded confidence of striking gold at the World championship in August after settling for the silver medal twice in the last two editions. “Yes, last two times it was silver in the World championship. I am hopeful of winning the gold this time,” Sindhu, who finished runner-up in the last two editions of the world championship, told reporters here. “It is one of the biggest tournaments and nobody is going to give it away easily. It is just about giving my best. Everybody is aiming for Tokyo 2020 and there are many good players and its not going to be easy. The next big event for Sindhu will be the All England Championship, a tournament last won by her mentor and chief national coach Pullela Gopichand in 2001.
Reduce in repo rates will give a fillip to the realty sector especially after sops in the recent interim budget.
Realty sector hope for revival in housing sales after rate cut Liquidity crisis-hit real estate industry Friday welcomed the decision of the RBI to reduce the repo rates saying the 'unexpected' move will give a fillip to the sector especially after sops in the recent interim budget. RBI Governor Shaktikanta Das slashed the repo rates by almost 25 bps to 6.25 per cent, a move which the real estate sector was eagerly waiting for much needed push for the sector which is reeling under liquidity crunch after the recent IL&FS crisis. Knight Frank chairman and managing director Shishir Baijal said that as a result of this reduction, banks may pass on the benefits of the revised rates to the end consumer of loans, thereby making it easier for them to make their purchase decision. National Real Estate Development Council (NAREDCO) president
stellar role in India's maiden Test series triumph on the Australian soil last month, could not come good for Saurashtra and was dismissed cheaply in both the innings. Vidarbha: 312 and 200 Saurashtra: 307 and 127 all out in 58.4 overs (Vishvaraj Jadeja 52, Aditya Sarwate (6/59).
I remember every wicket, says Anil Kumble 20 years after historic 10 wicket haul against Pakistan
Hope to win gold at World Championship this time, says PV Sindhu
Mumbai
This V-Day meet KFC Bucket Bae
Twinkle-eyed...Loves chicken... Enjoys music... Follows you around unconditionally... Wait what?!
India vs Australia: Mitchell Starc ruled out of ODI series
gns, Sydney
Business
Niranjan Hiranandani said the decision will not just enhance liquidity in the economy but also boost investment and give the economy a positive growth phase. "From a real estate perspective, this will impact home loan interest rates, and reduced EMIs are among the best harbingers of positive sentiment, leading up to further off- take of real estate across India," he said. Echoing similar views JLL India CEO and country head Ramesh Nair said with residential sales and new launches on an upward trend in 2018, genuine home buyers are now actively considering a serious buying decision. "Overall, this is going to have a positive impact on the housing market and we expect sales and launches to gain further momentum on the back of improved economic scenario," he said. CBRE chairman and CEO, India,
Anshuman Magazine said, "It will spur investment and boost demand. The rate cut coupled with the budget stimulus for the economy, and the real estate sector in particular, will impact consumer sentiments positively." Nahar Group vice chairperson Manju Yagnik opined that the decision of changing the stance from calibrated tightening to neutral may welcome more positive changes in the forthcoming policies. "After a sentiment-boosting budget, the cut in the repo rate is yet another positive step for the real estate sector. However, the impact of this hinges on the willingness of banks to pass on the benefit to consumers in a tight liquidity environment," Colliers International India headconsulting Aashish Agarwal said. "RBI's decision to slash the rate is unexpectedly positive move.
Pakistan a huge target of 420 runs, with two days to spare. Pakistan’s openers Shahid Afridi and Saeed Anwar with a 101-run partnership made it look difficult for India to wrap up the series till Kumble broke the dangerous opening stand with Afridi caught behind pecking outside off stump. With that, the visiting team’s demolition began.
Chennai Spartans register first win as they beat Black Hawks Hyderabad 4-1 on Day 6 of RuPay Pro Volleyball League SS NEWS, Kochi Day 6 of the RuPay Pro Volleyball League saw Chennai Spartans register their first win of the season defeating Black Hawks Hyderabad (15-12, 15-12, 15-11, 15-10, 13-15) here on Thursday. Naveen Raja Jacob was the star of the show for Chennai as he amassed 16 points (12 spikes and 4 serve points). For Hyderabad it was yet again skipper Carson Clark who led from the front with 12 points (11 spikes and 1 block). At 8-2, Black Hawks Hyderabad looked set to take home the first set. Post the first Technical Time Out (TTO), Chennai found their feet as they crawled up to 10-10 thanks to handful of errors from Black Hawks and conversion of Super Point with a brilliant serve by skipper Shelton Moses. At 11-10 Black Hawks called for a Super Point but a fault on the serve by Prashant P handed a onepoint lead to Chennai. From there, Chennai settled the matter in their favour at 15-12. Riding on the high of winning the first set, Chennai raced into a 5-1 lead as Jacob, G S Akhin, and Rudy Verhoeff spiked their way through the Hyderabad defence.
Market ends flat after RBI rate cut; rate sensitive stocks turn volatile Mumbai
Benchmark equity indices gave up gains to end almost flat on Thursday as investors booked profits at higher levels, after the the Reserve Bank surprisingly reduced the repo rate by 0.25 per cent. After rising nearly 200 points, the 30-share BSE Sensex ended 4.14 points, or 0.01 per cent, lower at 36,971.09; while the broader Nifty settled 6.95 points, or 0.06 per cent, higher at 11,069.40. India VIX, the fear gauge for domestic equities, rose 1.40 per cent. Rate-sensitive stocks swung between gains and losses after the rate-cut announcement, with BSE realty index slipping 0.02 per cent, Bankex gaining 0.04 per cent and auto index soaring 1.77 per cent. The Reserve Bank of India cut the repo rate by 0.25 per cent to 6.25 per cent on expectation that inflation will stay within its target range, a move that may
make home and other loans cheaper. The RBI, under its new Governor Shaktikanta Das, changed the monetary policy stance to 'neutral' from the earlier 'calibrated tightening', signalling further softening of rates if inflation remain benign. From stock market point of view, the policy decision is already discounted in indices. Traders are looking to book some profit from here, which can push indices to lower levels, said Debabrata Bhattacharjee, Head of Research, CapitalAim. "In a medium-term, market has always reacted positively to a rate cut. Since we are in an environment where RBI is now neutral with a focus to keep growth in an economy and tab on inflation, we may attract long term money that can move the market. "This is a positive event for the market though on a cautious note - we have an election in the next three months.
Smitten by KFC Bucket Bae, Moksh Chopra, CMO, KFC India babbles, “There is no love like the love of chicken!And if someone (or something) that follows you around with your favourite chicken isn’t true love, then what is? This Valentine’s Day we wanted to do something unique and add just a dash of (true) love to our consumer’s lives.
Adani Green Energy Limited announces 9M FY19 Result
SS NEWS, Ahmedabad
Adani Green Energy Limited (“AGEL”), a part of Adani Group, today announced its operational and financial performance for the nine-month and third quarter ended 31st December 2018. Revenue in 9M’19 increased by 28% to ₹ 1,377 Crore from ₹ 1,075 Crore and in Q3’19 by 4% to ₹ 456 Crore from ₹
437 Crore primarily on account of increase in operating capacity by 177% to 1,958 MWAC (Solar-1,898 MW and Wind -60MW) from 708 MW-AC (Solar-648 MW and Wind -60MW) from commissioning of new plants. The revenue for Q3’19 and 9M’19 is after adjusting discount on prompt payment / deductions by off-takers of ₹ 3 Crore and ₹ 20 Crore respectively.
Just 23 crore PAN cards linked with Aadhaar ahead of Mar 31 deadline New Delhi
Just 23 crore PAN card holders -- over half of the total PAN card holders -- have so far linked their cards with biometric ID Aadhaar, even as the deadline to link the two comes to an end on March 31, 2019. Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said the Income Tax department has so far issued 42 crore permanent account numbers (PAN), of which 23 crore have been linked with Aadhaar. Supreme Court has made it mandatory that Income Tax returns will be filed with Aadhaar and the last date for linking PAN with Aadhaar is March 31. "By linking with Aadhaar, We will know whether there are any duplicate PAN or not. And there are certain duplicate PANs... If it is not linked, we may cancel the PAN also," Chandra said while addressing an Assocham event. The Supreme Court in September last year had declared the Centre's flagship Aadhaar scheme as constitutionally valid. A five-judge constitution bench had held that while Aadhaar would remain mandatory for filing of I-T returns and allotment of PAN, it would not be
mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking for mobile connections. Chandra said, once Aadhaar is linked with PAN and PAN is linked with bank account, the I-T department can find out spending pattern and other details of the assessee. Also since many agencies are linked with Aadhaar, it would be easier to gauge whether the benefits of welfare schemes are availed by eligible persons. Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities.
RBI rate cut to boost growth, make loan affordable: Piyush Goyal New Delhi
Finance Minister Piyush Goyal on Thursday said the rate cut by the RBI will give a boost to the economy by providing affordable credit to small businesses and homebuyers. The Reserve Bank of India (RBI) has reduced repo rate (at which RBI lends to banks) by 0.25 per cent to 6.25 per cent, a move that will translate into softening interest rates. "RBI's decision to reduce the repo rate by 25 basis point from 6.5 per cent to 6.25 per cent and change of stance to 'Neutral' will give a boost to the economy, lead to affordable credit for small businesses, homebuyers etc and further boost employment opportunities," Goyal said in a tweet. Welcoming the RBI's decision, Economic Affairs Secretary
Subhash Chandra Garg said it is a very balanced and pragmatic policy statement. "Assessment of growth and inflation is quite realistic and underlines low inflation and high growth path for India for 2019-20. Welcome change of stance to neutral and rate cut by 25 bps. Also welcome removal of FPI restriction," Garg tweeted. It was stipulated that no foreign portfolio investor (FPI) should have an exposure of more than 20 per cent of its corporate bond portfolio to a single corporate, including exposure to entities related to the corporate. This was decided as a part of the review of the FPI investment in corporate debt undertaken in April 2018. FPIs were given exemption from this requirement on their new investments till end-March 2019 to adjust their portfolios.
Tata Motors Q3 net loss at Rs 26,961 crore New Delhi
Tata Motors on Thursday reported a consolidated net loss of Rs 26,960.8 crore for the third quarter ended December 31, hit by asset impairment in its British arm Jaguar Land Rover (JLR). The company had reported a net profit of Rs 1,214.6 crore in the October-December quarter of 2017-18. The auto major said profit was impacted by an exceptional item of asset impairment in its British arm Jaguar Land Rover (JLR) of Rs 27,838 crore (3.1 billion pounds). Total revenue from operations, however, rose 4.36 per cent to Rs 77,582.71 crore as compared to Rs 74,337.7 crore in the year-ago period, Tata Motors said in a regulatory filing. On a
standalone basis, the company posted PAT of Rs 617.62 crore as against Rs 211.59 crore in the year-ago quarter. Total standalone income rose to Rs 16,477.07 crore as against Rs 16,186.15 crore in the same period of previous fiscal. JLR's revenue, however, declined 1 per cent to 6.2 billion pounds. Tata Group Chairman N Chandrasekaran said the company's domestic business continues the strong momentum and has delivered market share gains as well as profitable growth. "The turnaround 2.0 strategy is delivering well with a continuing portfolio of product launches, which are the requisite building blocks for sustainable growth," he added. In JLR, the market conditions continue to be challenging particularly in China, Chandrasekaran said.
4 / Sunvilla Samachar (English Daily)
Date: 08/02/2019, friday, Ahmedabad
Ahmedabad: I-T raid continues on Kushal Group on day 2, gold worth Rs 5 cr seized
Ahmedabad: Call centre duping US citizens busted
Raids by the Income Tax department on Ahmedabadbased Kushal Ltd continued on the second day as well, said sources in the department. Tax officials have seized more gold and the search and seizure operations are likely to continue on Thursday too. Well-placed sources said that the value of the gold recovered is estimated at Rs5 crore. Sources said that experts have been roped in to evaluate the value of unaccounted assets. The scenario is likely to get clearer on Thursday or Friday. The I-T
During an investigation by the cyber cell police station, officials busted an illegal call centre which was being run inside a factory located in Bapunagar area. The investigation revealed that the accused were duping US citizens by posing as Internal Revenue Service (IRS) officers. According to cyber cell officials, they received specific information that for the past couple of months, an illegal call centre had been operational inside an undergarments factory located near Viratnagar crossroad in Bapuangar area. Acting on the information, a team raided the factory and unearthed an illegal
ss news, ahmedabad
department conducted raids on 22 locations of the company. These included offices and residences of top company officials. They are
probing suspicious transactions made by the company which is alleged to have manipulated stock market transactions.
ss news, ahmedabad
call centre that was functioning on the third floor of the factory. During the raid, eight accused including the owner of the call centre were
Gujarat: Swine flu cases cross 1,000, death toll touches 50
Resident Additional Collector andtwo others suspended for transferring 800 acres of government land of Chotila taluka for false interpretation of ALC
ss news, ahmedabad
ss news, Gandhinagar
Swine flu situation in the state seems to be becoming increasingly worrisome. On Wednesday, 82 new cases of swine flu were reported in the state, the highest in a single day this year, taking the total number of cases to more than 1,000, even as three patients succumbed. The state health department said that the three deaths were reported from Bhavnagar, Bharuch, and Kutch. The number of swine flu deaths in the state since January 1 increased to 50. The department said that 27 cases were reported from Ahmedabad Municipal Corporation (AMC) limits, seven from Sabarkantha, and five each from Vadodara city and Amreli. Four cases
In a past case of irregularities found in transfer of over 800 acres of government land at Bamanbor and Jivapar in Chotila taluka in Surendranagar districtunder Agricultural Land Ceiling (ALC) Act, Gujarat Government has suspended from duty the thenResident Additional Collector Chandrakant Pandya, Deputy Collector V.Z. Chauhan and In-charge Mamlatdar J.L. Ghadviwith immediate effect. The case has been handed over to the ACB as also Departmental Inquiry has been ordered with direction to take exemplary strict action against the officials. It has been found that the said Mamlatdar andKrishiPanch had shown government land as surplus agricultural land by false interpretation of the amendment in the Act: 2/1974 of the ALC Act 1960 to private persons on November 11, 1988. In involves 324 acres of two plots at Bamanbor and 528 acres of three plots at Bamanbor transferred to private persons through sales deeds. While Mr. Pandya at present holds the post of General Manager in Gujarat State Civil Supplies Corporation Ltd and Mr. Chauhan the post Deputy District Development Officer at Porbandar.
each were reported from Bhavnagar city, Surat city, and Dahod, and three each from Anand and Junagadh. Two cases were reported in Ahmedabad district, Rajkot city, Bhavnagar, Narmada and Surat district. One-one case of the seasonal flu was confirmed in Rajkot,
Gandhinagar, Vadodara, Kutch, Morbi, Bharuch, Mehsana, Jamnagar city, Porbandar, and Devbhoomi Dwarka. With today's numbers, the total number of swine flu cases in the state touched 1,037, of whom 599 patients have recovered, and 388 are under treatment.
Ahmedabad: Two more accused arrested in human trafficking case
ss news, ahmedabad
Two more accused involved in the human trafficking racket case were arrested by the Isanpur Police from Ghodasar area. The accused
have been identified as Anand and Shailendra, both residents of Ghodasar. They used to ride auto-rickshaws in the city. In due course of the investigation, it was revealed that both the accused used to
randomly kidnap girls and hand them over to Prakash Marathi and Maya Sathwara. The accused were arrested from their respected houses on Tuesday night. During Maya Sathwara's investigation, it
was revealed that the auto drivers were fetching girls for her. Later, with the help of Prakash Marathi, they made fake documents of the girls and changed their names Once the entire process was done.
arrested from the spot and around Rs 2.5 lakh worth of valuables, comprising eight desktops, one laptop, 11 mobile phones, a magic
jack device and documents of US citizens were recovered from them Further investigation revealed that the call centre was owned by two accused identified as Vikram Sukla and Nikul Chauhan, who were running the call centre for the past six months inside the factory and were recruiting people from other states. As per police officials, the accused used to call US citizens, posing as IRS officers. They would tell the victims that their tax amount was pending and if they don't pay the due amount immediately, the IRS would raid their property and seize it. Using the same modus operandi, the accused duped over 1,000 people and extorted money from them.
Sexual abuse victims march to eradicate shaming ss news, ahmedabad A march made up of sexual assault victims, including those who suffered rape, is travelling across the country covering 20 states to sensitise people about the issue and stop victim blaming. The march which began in Mumbai and will culminate in Delhi, reached Gujarat and will be here for two days. Explaining the purpose of the march, Asif Shaikh, Convenor, Rashtriya Garima Abhiyan that is co-ordinating the march said that there is a need to end victim shaming. "The problem is not just the poor conviction but the victim shaming that victims face. It not only makes it difficult for the victims to seek justice it often prevents them from reporting the cases in the first place," said Shaikh. The march also is an attempt to help achieve 100% conviction in cases of sexual violence. Anita (name changed) a survivor of one such incident recounted how her father attempted to kill her after she returned home from one such situation. Anita who had gone with her mother after they were promised better wages ended
up being sold into marriage for 55000 by a woman. "They would keep me locked in a room and beat me. They made me sign documents to show that I was married to the person I was sold," said Anita. She said a missing person complaint filed by her father brought the cops to her door and she was rescued. "But when I returned to the village, my family was ostracised and people would not talk to us. They even convinced my father to throw me out. He was so harassed that he once came after me with an axe to kill me," said Anita speaking about victim shaming. Shaikh said that in many cases where women are trafficked and sold into slavery, the accused would also file cross complaints to put further pressure on the victims.
international
ISIS caliphate has been decimated: Trump US and China to resume trade talks next week in Beijing
The United States military, its Coalition partners and the Syrian Democratic Forces have liberated virtually all of the territory previously held by ISIS in Syria and Iraq, Trump said on Wednesday. Washington
ISIS has been decimated, US President Donald Trump has said, adding that sometime probably next week, he will formally announce to have 100 percent of the caliphate. The United States military, its Coalition partners and the Syrian Democratic Forces have liberated virtually all of the territory previously held by ISIS in Syria and Iraq, Trump said on Wednesday. “It should be formally announced sometime probably next week that we will have 100 percent of the caliphate. But I want to wait for the official word. I don’t want to say it too early,” Trump said in his address to the Ministers of the Global Coalition to Defeat ISIS. He said the new approach developed by his administration, empowered US commanders in the field, enabled partners on the ground, and directly confronted ISIS’s “wicked” ideology. Over the past two years, US
and its partners have retaken more than 20,000 square miles of land, he said. “We have secured one battlefield. And we’ve had victory after victory after victory, and retaken both Mosul and Raqqa. We have eliminated more than 60 mile high-value ISIS leaders,” he said.“Now, they re-form; we know
that. But they’re having a hard time re-forming, and I wouldn’t say it’s a great job to have because of us. It’s not exactly – hopefully will not be a soughtafter occupation,” he said. “More than a hundred other top ISIS officials have been eliminated, and tens of thousands of ISIS fighters are gone. They’re gone,”
he stressed. US and its international partners, he said, have freed more than five million civilians from the grip of these bloodthirsty killers. “Thanks to the Global Coalition, including all of you here today, and to our other partners, the ISIS caliphate has been decimated. Nobody thought it was possible to do it this quickly,” Trump said. Observing that the struggle against terrorism was a shared fight, Trump said: “We do it together. If we don’t do it together, it can never be the same. Everyone must do their part and contribute their fair share.” “We must also recognise that immigration security is national security, and that foreign fighters must not gain access into our nations,” he said. Later in a statement, the Ministers of the Global Coalition to Defeat ISIS/ DAESH said that the territorial defeat of ISIS in Iraq and Syria will mark a significant milestone in the war against ISIS.
Washington US Treasury Secretary Steven Mnuchin said on Wednesday that he and other US officials will travel to Beijing next week for trade talks, aiming to clinch a deal to avert a March 2 increase in US tariffs on Chinese goods.Mnuchin said in an interview with CNBC that the talks he and US Trade Representative Robert Lighthizer led in Washington last week with China’s Vice Premier Liu He were “very productive.”
“Ambassador Lighthizer and myself and a large team are on our way to Beijing next week. We are committed to continue these talks,” Mnuchin said. “We’re putting in an enormous amount of effort to try to hit this deadline and get a deal. So that’s our objective.” President Donald Trump said in his State of the Union address on Tuesday that any new trade deal with China “must include real, structural change to end unfair trade practices, reduce our chronic trade deficit and protect American jobs.”
Bangladesh seals off border with Myanmar amid fresh influx of refugees Over 700,000 Rohingya Muslims have taken refuge in Bangladesh after fleeing from Rakhine state in neighbouring Myanmar to evade atrocities
Washington
Bangladesh has sealed off its border with Myanmar amid fresh influx of refugees fleeing troubled Rakhine state following reported military clampdown, this time against the ethnic majority Buddhists and Hindus being the victims, Foreign Minister A K Abdul Momen said Wednesday.
Over 700,000 Rohingya Muslims have taken refuge in Bangladesh after fleeing from Rakhine state in neighbouring Myanmar to evade atrocities, which the UN called “a textbook example of ethnic cleansing”, following the action by the military in August 2017. “We can’t take any more of them (Myanmar refugees).
The border with Myanmar is almost sealed off,” he told reporters before departing for New Delhi. Momen is visiting India on his maiden overseas tour since Prime Minster Sheikh Hasina formed the government for the third consecutive terms after winning the December 30 general elections. He said that Bangladesh has opened
its border and allowed enough of the influx of refugees opening the border “now it is better if others (other countries) open their frontiers for them (refugees)”. Meanwhile, paramilitary Border Guard Bangladesh (BGB) said they sent a detachment to enforce a vigil in its remote frontiers with Myanmar in bordering Bandndarban’s Ruma area.
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