CHENNAI TUESDAY OCTOBER 01, 2019 `5.00 PAGES 22 LATE CITY EDITION GOLDEN MOTHERS LIGHT UP WORLD ATHLETICS Day 3 of premier event in Doha sees three athletes, who had taken maternity breaks in the recent past, on top of podium AP GOING STRONG IN THEIR THIRTIES ■ 12 RECORD FOURTH FOR FRASER-PRYCE Jamaican Shelly-Ann Fraser-Pryce made short work of competitors in the 100m final to win gold at the age of 32. Allyson Felix, 33, couldn’t make it to the US 400m team after pregnancy, but helped the 4x400m mixed relay quartet to a world record. Liu Hong, another 32-year-old, led a Chinese 1-2-3 in 20km race walk to complete a great day for moms ■ ■ It was an unprecedented fourth World Championship 100m crown for Fraser-Pryce, after 2009, 2013 and 2015 Felix broke Usain Bolt’s record of 11 World Championship gold medals. She has 26 Olympic & Worlds medals in all This was a third World Championship gold for Liu | P17 WORLD CHAMPIONSHIP GOLD MEDALS WON BY FRASER-PRYCE 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 PLAYS THE TAMIL CARD, SAYS LANGUAGE ECHOES IN U.S E X P R E S S N E W S S E R V I C E @ Chennai PM Narendra Modi with TN CM Edappadi K Palaniswami & Governor Banwarilal Purohit at the IIT-M convocation in Chennai on Monday | P JAWAHAR CM ASKS PM TO DISBURSE ARREARS OF L7K CRORE Chief Minister Edappadi K Palaniswami has urged Prime Minister Narendra Modi to disburse the arrears of grant-in-aid to the tune of `7,825.59 crore to Tamil Nadu. In a memorandum submitted to the PM in Chennai on Monday, the CM also sought financial sanction for the project of transferring water from the Godavari to the Cauvery and increasing the quantity after linking the Mahanadhi with the Godavari. PRIME Minister Narendra Modi on Monday hailed the history of Tamil. During his first visit to Chennai after the BJP-led NDA was re-elected in May , Modi recalled he had referred to Tamil as “the most ancient language of the world” in his address to the UN General Assembly “Now Tamil is echoing in the . US,” he said, while addressing a BJP party function at the city airport. Modi’s UNGA remarks came after Home Minister Amit Shah’s September 4 speech calling for Hindi to be promoted as the national language sparked outrage. After Tamil political parties took exception to the remarks, with the DMK threatening a stir, Shah said he had not mean to impose Hindi over regional languages. Later speaking at an event at IIT-Madras, Modi again drew attention to Tamil. “We are in the state of Tamil Nadu, which has a special distinction. It is home to one of the oldest languages in the world — Tamil,” he said. At the Singapore-India Hackathon 2019, Modi urged students and faculty from Singapore to enjoy their stay in Chennai and visit Mamallapuram. Singapore Education Minister Ong Ye Kung said Tamil was one of the mother tongues of Singaporeans. Modi is scheduled to meet Chinese President Xi Jinping at Mamallapuram in two weeks. P4 WORRYING SIGNS (-)1.3% DISINVESTMENT BPCL, Shipping Corpn up for sale Panel clears proposal to sell off entire government stake in the two profit-making PSUs, more to follow While the names of Tehri Hydro Development Corporation and A group of secretaries on strategic North Eastern Electric Power Cordisinvestment has approved the sale poration Ltd were also in the list of of the government’s entire share- companies to be taken up for strateholding in Bharat Petroleum Corpo- gic sale, officials could not confirm ration Ltd (BPCL) and the Shipping their approval. Corporation of India (SCI), paving In her Budget presented in July, the way for a complete exit from the Finance Minister Nirmala Sitharatwo profit-making PSUs. man had indicated the government’s This will be the first sigplans to bring down equinificant strategic sale of ty in PSUs to below 51% On the cards PSUs by the BJP-led govon a case-to-case basis and ernment at the Centre. Govt may come out to go in for strategic with public “Strategic sale of BPCL disinvestments. and SCI has been ap- offerings of shares The government curin TCIL, RailTel proved by the group of rently holds 53.29% stake Corporation, secretaries on disinvestin BPCL and 63.75% equiNational Seed ment. It will now go to the ty in SCI. In the interim Corporation, Water Budget 2019-20 presented Cabinet for approval,” a & Power Finance Ministry official in February this year, it Consultancy told TNIE. had pegged an ambitious Services (India), The official added stake disinvestment target of sale in BPCL may also re- FCI Aravali Gypsum `90,000 crore, which was quire a nod from Parlia- and Mineral (India) further increased to `1.05 ment as the earlier comlakh crore in July for the pany — Burmah Shell — had been current financial year. nationalised through an act of With expected shortfalls in GST Parliament. and give-aways in corporate taxes, Last year, 51.11% of HPCL had the government may fall short on been sold to government-run ONGC. revenue targets. That’s the reason While it was technically called dis- why the finance ministry wants to investment, in effect it was a takeo- go all out in fulfilling targets in nonver of a PSU by another. tax collections like disinvestment. E X P R E S S N E W S S E R V I C E @ New Delhi Was the overall core sector output growth for November 2015. August 2019’s figure of (-)0.5% is the worst performance of the economy since then, having entered negative territory Production of core industries in negative turf EXPRESS NEWS SERVICE @ New Delhi EMPIRICAL evidence of the economy continuing to be in the bear hug of a slowdown in August came on Monday as factory output contracted by 0.5% in eight core sector industries — an over three-and-a-half year low. Five of the eight infrastructure sectors reported de-growth. The eight core sector industries are coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity Of . these, coal, crude oil, natural gas, cement and electricity recorded a negative growth of 8.6%, 5.4%, 3.9%, 4.9% and 2.9% respectively in August. All eight put together had expanded by 4.7% in August last year. And during April-August, the eight had posted an overall growth of 2.4%, less than half of the 5.7% growth recorded during the same period in the last fiscal year. This was the lowest growth in the last three years. “These are tell-tale signs of the slowdown deepening. ... it is no longer a case consumer demand alone being weak, it seems industrial demand has also been impacted,” said Prof Biswajit Dhar of the Jawaharlal Nehru University . LVB deal in limbo, Indiabulls stocks dive E X P R E S S N E W S S E R V I C E @ Hyderabad SHARES of beleaguered Indiabulls Housing Finance Ltd (IBHF) suffered a double blow on Monday . The twin shocks of the Delhi High Court probe order into allegations of fraud at IBHF and the Reserve Bank of India’s Prompt Corrective Action initiated on Lakshmi Vilas Bank, with which the housing finance entity proposed a merger, battered shares of all group companies. While shares of IBHF plunged 38% — the biggest single-day decline since its listing in July 2013 — other group stocks also hit lower circuit. In all, the four listed Indiabulls group firms shaved off `8,000 crore in market cap Monday . The IBHF scrip touched a five-year low of `250.10 on the BSE as traders queued up for a selloff frenzy following the court order. It opened with a loss of 6.79% at `363 and crashed 38% further to touch a low of `240.10 during intra-day trade. The previous trading session, it closed at `389.45. Excluding Mon- day’s session, the scrip fell nearly 30% over the past five sessions. Following RBI’s restrictions last Friday on LVB, its shares hit the 5% lower circuit on Monday piling pres, sure on IBHF over fears of the merger plan hitting a roadblock. The merger was considered a win-win for both, with IBHF getting access to a bank and LVB coming under a capitalised financial institution. According to Icra, as of June 2019, IBHF’s cash and cash equivalents stood at `28,511 crore, providing a 1 2 - m o n t h c ove r fo r i t s d e b t repayments. EXPRESS READ Ace wrestlers, hockey star in BJP’s Haryana list No bail for PC as he might influence witnesses: HC FIR filed against bank officials in PMC scam Wrestlers Yogeshwar Dutt and Babita Phogat, and ex-India hockey captain Sandeep Singh will contest on BJP tickets in Haryana Assembly polls. Dutt has won an Olympic medal, and Phogat a World Championship medal | P11 The Delhi High Court denied bail to former Union minister P Chidambaram in the INX Media case, saying the investigation was at an advanced stage and that the Congress leader might try to influence witnesses | P12 A case was filed against the former management of the Punjab and Maharashtra Cooperative Bank in Mumbai on Monday. They had lent 73% of the bank’s net worth to one entity, HDIL, which went bankrupt | P15 E PRESS MAPS X Lessons from God’s own country Kerala was the best performer with 76.6% in Niti Aayog’s school education quality index for 2016-17 released on Monday. While Uttar Pradesh finished last, the state, along with Haryana and Assam, showed the most improvement in their performance School education quality index (in %) State’s rank (for 2016-17) Jammu & Kashmir 41.06 19 Punjab 41.14 18 Haryana 50.53 11 Rajasthan 72.86 2 Himachal Pradesh 55.32 9 BENGAL DIDN’T SHARE DATA The states were ranked using surveys and selfreported data. Thirdparty verification was done. West Bengal was not included as it didn’t share the data needed Uttarakhand 53.34 10 Uttar Pradesh 36.42 20 Assam 60.29 6 Bihar 42.05 17 3 killed, 16 hurt after crackers in mini-truck burst BAGA L AVA N P E R I E R B @ Villupuram THREE were killed and 16 hurt when firecrackers being transported by mini-truck exploded near Gingee on Monday Driver Ilavarsan (29) and . aide Saibaba (49) of Puducherry were killed. The third man is unidentified. Gingee police arrested firecracker manufacturer Veerasamy of Puducherry for moving crackers without permissions. Police said six bags of crackers were being moved from Pondy to Tiruvannamalai. Smoke started coming from the minitruck at Vadavanur-Nangiliondan junction road. When Ilavarasan stopped the truck, locals saw smoke from the loading cabin. As Saibaba and Ilavarasan unloaded the truck, the crackers burst, killing them and injuring 16. P4 Gujarat 61.95 5 Madhya Pradesh 45.56 15 Maharashtra 57.43 7 Jharkhand 43.91 16 Odisha 48.36 12 Chhattisgarh 46.55 13 Telangana 46.43 14 Karnataka 69.57 3 Andhra Pradesh 67.88 4 Kerala 76.63 1 Tamil Nadu 56.37 8 173 page report prepared with World Bank help HOW WERE THEY RANKED? Assessment was done based on learning, access and equity outcomes, and infrastructure K’TAKA TOPS LEARNING OUTCOMES, BUT... Manipur emerged as the best performer among small states, while Chandigarh topped the Union Territories list. While Karnataka led in learning outcomes, its overall performance declined. Tamil Nadu was the top performer in access and equity outcomes, while Telangana’s decline was due to its poor performance in those categories | P11
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