KOCHI l THURSDAY l DECEMBER 05, 2019 l `7.00 l PAGES 20 l LATE CITY EDITION RESERVE BANK EXPECTED TO CUT INTEREST RATES TODAY India’s central bank is widely expected to go for yet another rate cut on Thursday, in the range of 15-25 basis points (bps) WORLD’S MOST AGGRESSIVE CENTRAL BANK ■ 5.1% WHY EXPERTS SAY RATE CUT WON’T HELP With rising headline inflation and falling GDP, the central bank once again finds itself in choppy waters to decide between price stability and growth. If RBI — the most aggressive central bank in the world — decides to slash rates again, it will be the sixth time in a row it will be doing so. However, experts are skeptical if it will have any effect on the slowing economy ■ ■ Experts say the proposed rate cut won’t reverse the slowdown RBI has slashed 135 bps through the past five rate cuts since February, but banks have passed on only 40 bps to customers Commercial credit flow has slowed to a crawl due to companies’ unwillingness to borrow and banks’ reluctance to lend | P13 THE EXISTING REPO RATE, AT WHICH BANKS BORROW FROM THE RBI 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 Cabinet clears contentious Citizenship Bill Govt says concerns of northeastern states addressed; Oppn parties say Bill targets Muslims EXPRESS NEWS SERVICE @ New Delhi THE Union Cabinet on Wednesday cleared the contentious Citizenship Amendment Bill, 2019, which seeks to amend the 1955 law to facilitate granting citizenship to Hindus, Sikhs, Jains, Buddhists, Parsis and Christians from Pakistan, Bangladesh and Afghanistan who face persecution for their non-Islamic faith. The development comes a day after Home Minister Amit Shah met various stakeholders from the north-eastern states to allay their concerns about the new Bill. The government is likely to bring the legislation before Parliament next week. While the government says it has addressed the concerns of the northeastern states, the Opposition is determined to oppose the Bill claiming it is not in sync with the secular character of the country . The Congress, Trinamool Congress and Left parties have strongly criticised the Bill. As reported by this newspa- KERALITE SOLDIERS KILLED Avalanche buries Poovachal native Colleague guns down Perambra resident T’Puram: Lance Naik S S Akhil, 38, a native of Poovachal near Kattakada, was S S Akhil among the four army personnel killed in an avalanche near the Line of Control at Siachen on Tuesday. P5, 7 Kozhikode: Bijeesh, 33, a native of Perambra, was among the five Bijeesh Indo-Tibetan Border Police personnel killed following a shootout in a suspected case of fight within the unit in Chhattisgarh. P7 per on December 1, Inner-Line Permit (ILP) states and Sixth Schedule areas in the northeast have been exempt from the Bill. ILP is applicable in Nagaland, Mizoram and Ar unachal Pradesh, while the Sixth Schedule covers parts of Meghalaya, Assam, Tripura and Mizoram. The main objective of ILP is to prevent settlement of other Indian nationals in the three states in order to protect the indigenous population. Residents of northeastern states, especially Assam, have opposed the Bill saying it will nullify the provisions of the Assam Accord of 1985, which fixed March 24, 1971 as the cutoff date for deportation of all illegal immigrants irrespective of religion. The Bill cleared by the Cabinet has set December 31, 2014 as the cut-off date. Unlike the 2016 law, the new Bill has a provision to give an OCI cardholder a hearing if she/he is found to have violated any other law. “The Bill seeks to protect national interest,” said I&B Minister Prakash Javadekar told reporters here on Wednesday . WHY OPPN SEES RED Congress, Trinamool and CPM have said they will oppose the Bill when it comes up in Parliament l According to the Congress, it violates the basic idea of India that religion can never be a reason for citizenship l It says the amended Bill is not in sync with the secular character of the country l Congress leader and ex-Assam Chief Minister Tarun Gogoi said his party will move the Supreme Court against the Bill, which is ‘unconstitutional’ and ‘divisive’ P7 18 Indians feared killed in Sudan blast EXPRESS NEWS SERVICE @ New Delhi AT least 18 Indians are among 23 missing or feared dead after an LPG tanker exploded at a ceramic factory in Sudan’s capital Khartoum on Wednesday. Three were identified as hailing from Tamil Nadu (Rama Krishan, Raj Shekhar, Venkata Chalem), four from Bihar (Ram Kumar, Amit Tiwari, Hari Nath, Nitish Kumar Mishra), three from Uttar Pradesh (Zeshan Khan, Mohit, Pradeep Verama), two from Rajasthan (Bhajan Lal, Jaideep), and two from Haryana (Pawan, Pradeep). One is from Delhi (Intezar Khan). “Some of the missing may be in the list of the dead, which we are yet to receive as identification is not immediately possible because of the bodies being burnt,” the Indian Embassy in Sudan said. Seven others from India have been hospitalised. The condition of four (Jai Kumar from Tamil Nadu; Neeraj Ku m a r f ro m B i h a r ; Ravinder Singh from Rajasthan) is critical. Meanwhile, Prime Minister Narendra Modi expressed anguish at the death of workers, including Indians. GOVT ON THE DEFENSIVE Guv stirs a hornet’s nest with words of concern on edu sector EXPRESS NEWS SERVICE @ T’Puram GOVERNOR Arif Mohammed Khan stirred a hornet’s nest on Wednesday with his statement that the reputation of the state’s education sector should not be tarnished in any manner. The governor’s statement, which sounded more like a warning, was seen as his open expression of displeasure over the recent controversies relating to the illegal award ing of marks and related malpractices in universities. The governor’s statement put the government on the defensive. On Tuesday the governor’s sec, retary had sent a note to him reportedly stating that K T Jaleel had misused his power as Higher Education Minister by intervening in affairs of Kerala Technological University P5 . POCSO Man gets rigorous life term for sexually abusing 4-yr-old EXPRESS NEWS SERVICE @Kasaragod A Bevco watchman was sentenced to rigorous life imprisonment for sexually assaulting a four-year-old girl at his house. Kasaragod Additional Sessions Judge P S Sasikumar sentenced Raveendran, 45, of Paduppu under Section 376 (AB) of the IPC, the first conviction under the section in the state. It was introduced last year following the outrage over the Kathua rape incident. He was charged with aggravated penetrative sexual assault under Section 5 of the Protection of Children from Sexual Offences Act. P6 20 PAGES, INCLUDING 4 PAGES OF KOCHI EXPRESS
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