‘Genocide’ officer is new Lanka army chief Lt Gen Shavendra Silva has been accused of grave abuses, including Tamil genocide during the country’s 26-year civil war SL President Maithripala Sirisena’s office on Monday said that Silva, 55, has been named the new army chief. Silva headed the Army’s 58th Division in the final battle against LTTE KOTTAYAM l TUESDAY l AUGUST 20, 2019 l `7.00 l PAGES 16 l CITY EDITION CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI Modi calls Trump, shares concern on Pak hate speech Says extreme rhetoric and Imran’s incitement to anti-India violence not conducive to peace EXPRESS NEWS SERVICE ON a day when primary schools reopened in the Valley a couple of weeks after the stunning reorganisation of J&K, Prime Minister Narendra Modi called up US President Donald Trump and shared his concern over Pakistan’s continued hate speech inciting violence in Kashmir. Without naming his Pakistani counterpart Imran Khan, Modi flagged the “extreme rhetoric and incitement to anti-India violence by certain leaders in the region”, saying it was not conducive to peace. He underlined the importance of creating an environment free from terror and violence and ending cross-border terror. Last Friday, Imran had called up Trump around the time the UN Security Council was in a closed session to discuss Kashmir on the request of Pakistan and China. A White House readout later said Trump advised Imran to tamp down regional tensions through bilateral dialogue. In his 30-minute conversation with Trump, Modi discussed a range of issues, including Afghanistan. He expressed the hope that India’s commerce A school staff member cleans a deserted classroom in Srinagar | AP minister and the US Trade Representative would meet at an early date to discuss trade issues. Modi’s call came on a day when Afghanistan is celebrating its 100th year of Independence, a country from where the US wants to pull out its troops with Pakistan’s help. Imran hopes to use it as leverage to poke India. As for the situation in Kashmir, hardly any students went to school on Day One because of the tense situation, indicating the need for more confidence building measures in the Valley . ENEMY AT THE GATES S U N I T H A N AT T I & J AYA N TA R O Y C H O W D H A R Y T he global economic landscape is replete with slowdown signs, and it appears the recession beast may strike in the summer of 2020, or when summer turns to autumn. The surest signal of its arrival surfaced last week, when the dreaded ‘inversion’, where short-term bond rates surpass long-term bond rates, attacked the US market — a phenomenon last seen in 2007, months before the 2008 recession. Just as morning follows a rooster’s crow, inversions often precede recessions. All recessions in the US in the past 45 years saw yield curve inver- sions preceding them. “The US 10-year vs two-year yield curve, a near perfect predictor of recessions 6-24 months ahead, has inverted. We expect early easing action by the Fed to delay the onset of recession until the second half of 2020,” said Prasenjit K Basu, chief economist, CrossAsean Research. Bond traders are smelling blood as global growth rates are falling with intimidating speed. Crisis struck nations either due to economic or political policy blunders. But much of the trouble began when US President Donald Trump tightened norms of trade, par ticularly with China. In hindsight, Trump’s ‘trade wars are easy to win’, will be proved wrong, as US economy EXPRESS READ Sr Lucy locked up in convent; probe ordered KSEB under scanner for distress fund diversion Kalpetta: The police on Monday registered a case against members of a convent in Karakkamala over the illegal confinement of Sr Lucy Kalappura, who had protested against Bishop Franco. P4 T’Puram: The KSEB faced fund diversion charges on Monday after it was alleged that the Board delayed depositing the D132 crore it collected from its employees following 2018 flood in CMDRF account. P4 MVD suspends Sriram’s driving licence for 1 yr Milma milk may soon cost E4 more per litre T’Puram: The driving licence of IAS officer Sriram Venkataraman, who fatally knocked down journalist K M Basheer with a car here, has been suspended for a year. P5 Kochi: The Milma milk is likely to become dearer, by at least D4 per litre, after Onam season as the milk marketing federation has suggested a hike to the government. itself is growing at 2.1%, less than its historical average. China took the biggest hit, as its growth plunged to a 27-year low in June. Given the Brexit turmoil, the UK is feared to be in recession as we speak, while Japan and Singapore are fighting tough to ward off a recession. The world’s 4th-largest economy, Germany, is seeing its GDP contract, Italy’s growth is in tatters amid a political crisis much like Asia’s financial hub Hong Kong, whose economy came to a standstill as the threat of Chinese military intervention looms large. While South America’s Brazil and Mexico are weakening, Argentina’s stock market crashed 48% — the 2nd largest single-day drop for any stock market in SECOND OF 3-PART SERIES the world since 1950 — largely due to political setbacks. “The bigger problem for Asia (and other trade-dependent global economies like Ger- Mafia on mining spree at Anjara, attack protestors G E O R G E P O I K AY I L @ Kasaragod FOLLOWING the devastating flood, which has left more than a hundred dead and swept away the livelihood of thousands in the state, especially its northern region, there have been widespread calls to stop exploiting nature. But all these seem to have fallen on deaf ears, as sand mafia have continued their mining spree on the Anjara beach in Manjeshwaram. Even sadder, a group of men attacked and smashed the f ace of 57-year-old Rita D’Souza with a stone for taking part in the protest against mining, ransacked her house and attacked a church under the cover of darkness. The residents complain that the police and revenue officials are hand in glove with the mafia and they swung into action only when the church was attacked. FULL STORY ON P5 many) is that China’s domestic demand is slumping despite China’s aggressive monetary stimulus (over the past 16 months) and recent fiscal stimulus,” Basu said, adding China’s slowing domestic demand is likely weakening the global economy. This prompted investment bank Morgan Stanley to flash neon signs that if the US and China continue to raise tariff and non-tariff barriers over the next 4-6 months, global economic growth rate will fall to a 7-year-low of 2.8% and could enter recession in 2020. Stagnating global trade triggers a negative cycle, where businesses don’t spend, create fewer jobs, reduce wages, eventually leading to lower aggregate demand. CONTINUED ON P6 Nat’l population policy is cooking S U M I S U K A N YA D U T TA @ New Delhi DAYS after PM Narendra Modi expressed concern about the explosive growth in population, sources told Express a national policy on family planning will soon be unveiled. “The issue of population control was highlight of this year’s I-Day speech and a major policy intervention on this is definitely in the pipeline,” a Niti Aayog source said. “First meetings between officials of the PMO and Aayog are being planned to discuss how to take the matter forward.”
Express Publications (Madurai) Limited publishes the prestigious English language newspaper The New Indian Express from 21 centres in Tamil Nadu, Karnataka, Andhra Pradesh, Kerala and Orissa.
Express Publications (Madurai) Ltd. also publishes the Tamil daily Dinamani, Cinema Express (Tamil) and Malayalam Vaarika (Malayalam). Through a sister company, Kannada Prabha Publications Ltd., it publishes the Kannada daily Kannada Prabha.
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