KOCHI l WEDNESDAY l SEPTEMBER 11, 2019 l `7.00 l PAGES 20 l LATE 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 ■ $853 bn 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 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 Pak plea in UN on K-rights probe 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 victims when they are the 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 sovereign decision, like other 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 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 Jammu and Kashmir, as against Pakistan’s official position of India-administered 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. ‘Slowdown cyclical, common man unaffected’ EXPRESS NEWS SERVICE @ Chennai SEEKING to play down the slowdown in the economy, Union 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 stopped short of announcing 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, has demanded the GST rate be cut from 28% to 18%. According to sources, the government is wary of reducing the GST rates for the auto sec- tor because it could mean revenue loss to the tune of `36,000 crore. “It is for the GST Council to decide on the matter at its upcoming meeting in Goa on September 20,” she said. The FM pointed out the automobile 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 BS-VI emission norms to the preference of millennials for Ola and Uber over buying cars. The minister s a i d t h e re a re studies suggesting EXPRESS READ WC qualifier: India hold Asian champs Qatar that today’s youngsters are averse to taking loans as they don’t like being tied to EMIs. The millennials, she said, prefer the Metro train or using cab aggregators like 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 to revive growth. Doha: India held Asian champions Qatar to a goalless draw in a Group E match of their Asian Zone World Cup qualifier in Doha on Tuesday. Goalkeeper Gurpreet Singh Sandhu did the star turn for the visitors, making a series of saves. Parents of toddler who fell off jeep booked 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. P5 A whole lot of factors are influencing the automobile sector 20 PAGES, INCLUDING 4 PAGES OF KOCHI EXPRESS Nirmala Sitharaman, FM Maradu flat owners wait with bated breath as implosion tender advt out E X P R E S S N E W S S E R V I C E @Kochi HAPPY ONAM Two children walk amid the pookkalams designed as part of the All-Kerala Floral Carpet Competition organised by the Tourism Department in Thiruvananthapuram on Tuesday | VINCENT PULICKAL The New Indian Express wishes its readers A Happy and Prosperous Onam HOLIDAY: Our offices will remain closed today on account of Onam. Consequently, there will be no issue of the paper tomorrow NIMHANS: 1 cr Indians at high risk of suicide TENSION MOUNTS 1 Tension mounts as civic body tries to serve eviction notices The Maradu municipality publishes an advertisement in newspapers calling for tenders from agencies specialised in controlled implosion 2 Residents’ association to approach HC invoking right to property 3 Women more prone The survey was conducted in 12 states and covered a random sample of 40,000 people. “The survey had suggested that for every one person who had committed suicide, there were at least 15 people who at some point of their lives had attempted suicide and 200 others, who had harboured the thought of WITH the state government issuing a directive to the Maradu municipality to demolish four apartment complexes flats for violating the Coastal Regulation Zone norms, the civic body has published an advertisement in newspapers calling for tenders from agencies specialised in controlled implosion. The municipality has set Tuesday as the web publishing date for the tender advertisement. The closing date for the tender is September 16. The invitation for tender from specialised agencies comes in the wake of the state government order asking the civic body to invite a short tender to select a suitable agency for the safe and secure demolition of the buildings. The entire process is expected to cost `30 crore. The government has promised the municipality all assistance to implement the Supreme Court order. The Supreme Court had ordered demolition of four apartment complexes — Alfa Serene, Golden Kayaloram, Holy Faith H2O and Jains Coral Cove — built by Holy Faith builders, Alfa Ventures, Jain Housing, and K P Varkey and V S Builders. The fifth project launched by Holiday Heritage is yet to ● More on P5 start. More women were found to be harbouring the thought of suicide but the incidence of suicide was found to be higher among men B A L A C H A U H A N @ Bengaluru NEARLY one crore people are at high risk of suicide, the firstever National Mental Health Survey conducted by the National Institute of Mental Health & Neuro Sciences (NIMHANS) in collaboration with 15 other institutions has revealed. suicide,” B N Gangadhar, Director, of NIMHANS, told The New Indian Express. He added that as per the survey among the vulnerable population, “30 per cent were at risk of committing suicide due to co-occurring mental illness, while the rest did not report any co-morbid mental disorder. NSA HAWK OUT John Bolton latest in White House to get Trump’s boot EXPRESS NEWS SERVICE U S P re s i d e n t D o n a l d Trump fired John Bolton on Tuesday saying he disa, greed 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 b e f o r e Trump’s t we e t , t h e White House press office had said Bolt o n wo u l d 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. Ad UIN : 028/19-20
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