VILLUPURAM WEDNESDAY SEPTEMBER 11, 2019 `4.00 PAGES 14 CITY EDITION JACK MA HANGS UP ALIBABA BOOTS ON 55TH BIRTHDAY The Chinese billionaire stepped down on Tuesday as chairman of the e-commerce platform that he founded 20 years ago $41 BN FORTUNE FOR PHILANTHROPY HEIR TURNED ‘TRACTOR’ INTO ‘BOEING 747’ Ma, who helped launch China’s online retailing boom, will stay on as part of a 36-member body that nominates a majority of Alibaba’s board of directors. The firm hosted a farewell party for Ma at the 80,000-capacity Olympic stadium in Hangzhou. The former English teacher now intends to use his $41 bn fortune for philanthropic projects in areas such as education ■ ■ Ma’s initial projects met with limited success before friends lent him $60K to start Alibaba. The firm is now worth $462 billion Unlike the flamboyant Ma, his successor Daniel Zhang is a softspoken accountant. In China, Zhang is known as the man who transformed Ma’s “sturdy tractor” into a “Boeing 747”, says AFP $853 bn WORTH GOODS SOLD ON ALIBABA IN 2018, COMPARED TO AMAZON’S $277 BN 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 India rubbishes Slowdown cyclical, common man unaffected: FM Pak plea in UN on K-rights probe EXPRESS NEWS SERVICE @ Chennai Calls out the epicentre of global terror for playing victim, misusing UNHRC platform EXPRESS NEWS SERVICE @ New Delhi INDIA on Tuesday tore into Pakistan’s request to the United Nations Human Rights Commission (UNHRC) to appoint a panel to probe the situation in Kashmir after Article 370 was hollowed out, saying J&K is an integral part of India and no country can interfere in its internal affairs. “Revocation of J&K’s special status was a sovereign decision taken by Indian Parliament and the country cannot accept any interference in its internal affairs. Pakistan’s false and fabricated narratives would not work,” Secretary (East) in the Ministry of External Affairs, Vijay Thakur Singh told the UNHRC at its 42nd session in Geneva. Charging Pakistan with being the epicentre of global terror, India said: “They cry vict i m s wh e n t h e y a re t h e perpetrators of terror in Kashmir,” adding, “there was a need to call out those who are misusing the UNHRC for their political agenda under the garb of human rights.” Singh said the recent legislative measures taken by India in J&K were within the framework of its Constitution. “These decisions were taken by our Parliament after a full debate that was televised and enjoyed widespread support. We wish to reiterate that this GOVT REJECTS CHINA-PAK POINT India on Tuesday objected to a reference made to J&K in a China-Pakistan joint statement issued after Chinese Foreign Minister Wang Yi visited Islamabad. “We reject the reference,” External Affairs Ministry spokesperson Raveesh Kumar said sovereign decision, like other legislations passed by Parliament, is entirely internal to India,” Singh asserted. India’s rebuttal came after Pakistan foreign minister Shah Mahmood Qureshi and its permanent ambassador to the UN, Maleeha Lodhi raked up the Kashmir issue and demanded an international probe into it by the UNHRC. Qureshi alleged India was breaching multiple human rights instruments. Later while addressing the media, Qureshi apparently fumbled by calling it the Indian state of J&K, as against Pakistan’s official position of Indiaadministered Kashmir. Qureshi’s statement came on heels of US President Donald Trump reiterating his offer to help India and Pakistan ease bilateral tensions if they want, while noting that tensions over Kashmir are “a little bit less heated” now compared to two weeks ago. SEEKING to play down the slowdown in the economy Un, ion Finance Minister Nirmala Sitharaman said on Tuesday the slump in GDP growth was due to cyclical factors. Briefing reporters here on Tuesday on the Narendra Modi government’s bold initiatives in the first 100 days in office, she said the Centre is alive to the distress in certain industries, such as the automobile sector, and has taken necessary steps to ensure the common man doesn’t suffer. The drastic fall in GDP growth to 5% in the June quarter has not really impacted people because the government has managed to keep inflation well below 4%, she added. While she sought to suggest that the situation is not as alarming as it is made out to be, the FM conceded that things would have been different had inflation shot up at a time when growth is low. The minister assured the auto sector the government is alive to their concerns, but did not announce any GST relief. The auto industry, which is going through a rough phase with dismal sales and pile-up of inventory leading to cuts in production as well as jobs, wants GST rate be cut to 18%. Reducing the GST rates could mean `36,000 crore revenue loss for the government. “It is for the GST Council to decide on the matter at its upcoming meeting in Goa on September 20,” the FM said. She pointed out the automo- TAMIL NADU CREDAI ASKS FM TO CUT HOME LOAN INTEREST RATE Chennai: The Confederation of Real Estate Developers’ Association of India (Credai) on Tuesday urged the FM to reduce interest rates for home loans to 6.5% to revive the construction and real estate sectors. S Sridharan, chairman of Credai Tamil Nadu, said developers have requested the FM to reintroduce input tax credit, whose withdrawal is costing developers over `350 per square feet. Reintroduction of input tax credit would also boost the affordable housing segment, he added bile industry did have its “good times” till two years ago. According to her, the current distress in the auto sector is due to a combination of factors from the movement towards @ Chennai FORGIVE US, WE HAVE SINNED Archbishop of Canterbury Justin Welby pays tributes at the Jallianwala Bagh memorial in Amritsar on Tuesday. He said the trip to the site of the 1919 massacre by UK troops was a “deeply humbling” experience and provoked “feelings of profound shame” | PTI EXPRESS READ Parents of toddler who fell out of jeep booked ED summons daughter of DKS in graft probe Modi, Oli inaugurate 1st Indo-Nepal oil pipeline Idukki: The parents of the 13-month-old girl, who had a miraculous escape after falling from a moving jeep near Idukki on Sunday night, have been booked for endangering the child. A case under the Juvenile Justice Act was filed by cops | P6 Bengaluru: Aishwarya Shivakumar, under whose name her father, Congress leader D K Shivakumar, had declared assets worth over `100 crore in his 2018 election affidavit, has been summoned by ED. Shivakumar is currently in ED’s custody | P6 New Delhi/Kathmandu: PM Narendra Modi and his Nepalese counterpart K P Oli on Tuesday jointly inaugurated the first-ever cross-border petroleum pipeline in South Asia via video link. It will ensure uninterrupted fuel supplies to landlocked Nepal. For the second day, CJ Tahilramani abstains from court E X P R E S S N E W S S E R V I C E @ Chennai/Madurai EXPRESS NEWS SERVICE FLOWER POWER Chief Minister Edappadi K Palaniswami being accorded a warm reception on arrival at the Coimbatore Airport, after his international trip | EXPRESS FOR the second day Chief Justice Vijaya , K Tahilramani abstained from Court. The cause list published on Monday night did not list any cases for the first bench, over which justice Tahilramani presides. These cases were, instead, listed for the second bench. However, functioning of the Madras High Court and its Madurai Bench was largely hampered on Tuesday due to the ‘boycott court’ protest launched by advocates against the transfer of justice Tahilramani to Meghalaya High Court. Advocates in Chennai and Madurai blocked court entrances and staged protests. In Madurai, protestors also slammed the elevation of Himachal High Court justice V Ramasubramaniam as Supreme Court judge. They said the decision was taken overlooking the seniority of Manipur CJ Ramalingam Sudhakar. TUNE IN Live cricket commentary back on Sunday “THIS is brilliant news. Take out your transistors from the loft, dust them off and tune them properly. Nostalgia and radio commentary romance will make a comeback!” Thus tweeted @NorthStandGang – the official account of the fans who can be sighted at Mumbai’s Wankhede Stadium. A senior citizen was double-checking if it was true. All this is in reference to BCCI and All India Radio (AIR) entering a two-year deal which will see live radio commentary back on air. The BS-VI emission norms to the preference of millennials for Ola and Uber over buying cars. The minister said there are studies suggesting that today’s youngsters are averse to tak- EXPRESS NEWS SERVICE PROTEST ON V E N K ATA K R I S H N A B @ Chennai Nirmala Sitharaman, FM Bodh Gaya serial blasts suspect arrested in TN John Bolton latest in White House to get Trump’s boot US President Donald Trump fired John Bolton on Tuesday, saying he disagreed strongly with many of his national security advisor’s views. Bolton denied being fired and said he had resigned. His ouster was a shocker to many in the White House. Just an hour before Trump’s tweet, the White House press office had said Bolton would address media soon. Bolton, who has been part of Republican administrations since Ronald Reagan was the country’s president, is known for his hawkish views and vociferously supported the 2003 Iraq invasion when he was the American ambassador to the UN under George W Bush. His ouster means that Trump would continue with his isolationist ‘America First’ policy. Bolton’s interventionist foreign policy suggestions in Venezuela and elsewhere made him an unlikely pick. Bolton also advised Trump against a whirlwind rapprochement with North Korea, who did not listen to him. This drew the ire of Pyongyang, which was careful enough to flatter Trump but criticised Bolton as ‘a defective human product’ and worse. A whole lot of factors are influencing the automobile sector ing loans as they don’t like being tied to EMIs. The millennials, the FM said, prefer the Metro train or using cab aggregators like Ola and Uber to buying cars. The Centre has already taken some measures to address the slowdown in the auto sector. On August 23, the FM had announced lifting the ban on purchase of vehicles by government departments and allowed an additional 15% depreciation on vehicles acquired from now till March 2020. The government has ready cash of `1,76,051 crore thanks to RBI’s surplus funds transfer, which it plans to pump into the economy. Sitharaman said a task force has been appointed to identify sectors that requre funding, adding the focus is on infrastructure. 2013 India vs Australia series was the last to witness live commentary from the stadium. A feud between BCCI and AIR resulted in radio commentators disappearing. And on Tuesday as a busy home season , is set to begin, BCCI announced the deal without getting into specifics. However, Shashi Shekhar Vempati, CEO of Prasar Bharti, told Express that the partnership will see Prasar Bharti and BCCI share revenue equally “It has been waiting to hap. pen for long and since BCCI was plagued by internal matters, it got delayed. The arrangement will see AIR produce commentary live from the venues.” Starting with the first India-SA T20I on Sunday all match, es will be live on radio. While the BCCI-AIR feud was due to revenue, it is understood that a settlement has been reached. Prasar Bharti will select commentators. “We have our own commentators, and we will retain them. BCCI can suggest their choices,” Vempati said. It is understood that some of the well-known voices like Prakash Wakankar has already been reached out to. So tune in to 100.7 FM Gold on Sunday 7PM. , A 35-year-old man from West Bengal, wanted for the 2013 serial blasts at Bodh Gaya in Bihar, was arrested from Thoraipakkam in Chennai on Monday night by a special task force team from Kolkata. He was identified as SK Asadullah alias Raja of Burdwan district. He is said to have links with Jamaat-ul-Mujahideen Bangladesh, which was declared as a terror organisation by the Centre in May . Asadullah was hiding in the city, pretending to be a construction worker. The task force, based on a tip-off, traced him down to his Thoraipakkam residence and nabbed him. He was produced before the judicial magistrate in Alandur court and taken to Kolkata on transit warrant. On September 1, 22-yearold Mohammed Abul Kashem was arrested by the Kolkata police in the same case. He mentioned Asadullah as his friend, which led to his arrest. Police sources say Asadullah has been living in Chennai since 2007. “He was earlier working in a hollow block making unit in Thiruneermalai and would travel back home often.
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.
This volume has been archived. It is available to read on request only.
You are logged-in with following email:
We have sent the confirmation email
You will receive the acknowledgement with link to read this volume in your email shortly.