AP KOTTAYAM l SATURDAY l JUNE 27, 2020 l `7.00 l PAGES 12 l CITY EDITION MERRY IN MERSEYSIDE AFTER THREE DECADES OF AGONY Liverpool end long wait for English Premier League title after defending champions Manchester City lose at Chelsea KLOPP MAGIC TO THE FORE After winning the Champions League last year, manager Jurgen Klopp’s charges continued that momentum. They have lost just one of their 31 league fixtures so far. At Anfield, where they haven’t lost a game for nearly three years, they have won all 16 matches this season. Liverpool now have the opportunity to set a record points tally as well as winning margin. ■ 19 FAN WAVE OUTSIDE STADIUM ■ The sheer weight of emotion meant scores of fans, many without masks, started gathering outside Anfield. Manager Klopp had specifically asked the fans to avoid doing so. In what could be ominous for rivals, Klopp said they could get even better. “Consistency showed by the boys is so exceptional.” NO OF TOP FLIGHT TITLES LIVERPOOL HAVE NOW, SAME AS MAN UTD 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 One-time loan restructuring plan cooking RBI promises to find a solution after strong pitch by Finance Minister Sitharaman that everyone comes out a bit more honourably (out) of this THE finance ministry has rec- (crisis),” she said in a video ommended one-time restruc- conference interaction with turing of loans after both pub- senior members of Chennai Inlic and private sector banks ternational Centre. flagged the issue of increasing If one-time restructuring is non-performing assets (NPA) allowed, it would mean tweakin the backdrop of the corona- ing the June 7 RBI circular on virus outbreak in their last two the framework for resolution meetings with the of stressed assets. ‘Focus on ministry . The circular allows revival’ According to for loan restructursources, Finance “This is not the time ing by banks but Minister Nirmala Siwith stiff terms and to talk of fiscal tharaman personally conditions. For inconsolidation. I took up the matter stance, it requires think that what with RBI Governor banks to immediateneeds to be Shaktikanta Das, ly downgrade the acprotected is the who is said to have count being restrucexpenditure over assured to come up tured into an NPA fiscal deficit and w i t h a s o l u t i o n this is exactly what and make higher pro“soon”. visions of at least the Central “Because of the 15%. government has pandemic, one-time done,” 15th Finance In their previous loan restructuring is meeting with SitharCommission inevitable. Now the Chairman N K Singh aman, bankers had ball is in the RBI’s said on Friday | P10 said that in the curcourt and they have rent pandemic situaassured to work on it. tion, the provisionWhile there was no conclusion ing allows little operational in today’s board meeting, we flexibility . expect a decision soon,” a senRBI had on June 19 asked all ior official in the finance min- banks to carry out detailed istry said. stress tests to assess the impact Sitharaman had on Thurs- of Covid-19 on their books. The day said she was in talks with consolidated stress test report RBI on it. “We are talking to Re- is expected to help RBI arrive at serve Bank to see if a one-time a policy decision. restructuring can be offered so A N U R A D H A S H U K L A @ New Delhi RBI APPREHENSIONS AND FINMIN’S POSITION RBI hesitant to relax delinquency period for classification of NPAs beyond 180 days from the current 90 days as it will defeat the whole purpose of June 7 circular. Finance Ministry okay with it RBI feels the provision can be misused as was done in the aftermath of the 2008 financial crisis. Finance ministry argues that RBI can insert riders to prevent misuse of the scheme RBI wants restructuring to exclude MSMEs and previously stressed sectors like power, telecom and realty. Finance ministry OK with excluding MSMEs; no agreement on excluding the other three sectors yet Matter to be resolved before August, when both RBI and FinMin have to five affidavits in SC on interest waiver on loan moratorium Biden policy paper attacks Modi govt on Kashmir, CAA EXPRESS NEWS SERVICE @ New Delhi US presidential candidate Joe Biden has called on India to take necessary steps to restore the rights of the Kashmiri people, in a policy paper published on his campaign website recently . “The Indian government should take all necessary steps to restore rights for all the people of Kashmir. Restrictions on dissent, such as preventing peace- U4iC INTERNATIONAL PVT. LTD. NH - 17, Kolathara PO, Calicut - 673 655. Ph: 9744942200. www.walkaroo.in /vkcwalkaroo/ /vkcwalkaroo/ /vkcwalkaroo/ ful protests or shutting or slowing down the Internet, weaken democracy the paper, ,” titled ‘Joe Biden’s Agenda for American-Muslim Communities’, noted. The Democrat has also slammed New Delhi over the CAA and the implementation of the NRC in Assam. “These measures are inconsistent with the country’s long tradition of secularism and with sustaining a multiethnic and multi-religious democracy it stated. ,” ARMY PREPARES FOR LONG HAUL M AYA N K S I N G H & P U S H K A R B A N A K A R @ New Delhi FILE PICTURE Missile system, spares on shopping list India has been requesting Russia to expedite the delivery of S-400, a strategic missile system, and the supply of spare parts of important systems. It has also sought the production of the Kamov helicopters for Navy and manufacture of Kalashnikov rifles in India. Also on the shopping list are MiG 29s and Sukhois Bus fare to go up as panel moots up to 50% hike EXPRESS NEWS SERVICE @ T’Puram THE bus fare is set to be hiked in Kerala, with the minimum charge expected to go up from `8 to `10 or `12. Justice M Ramachandran Commission, which was appointed to study the bus sector, had recommended a 30%50% hike in the minimum fare of ordinary services in its interim report (in the wake of Covid-19) and the government has agreed to the proposal, it is learnt. The commission also recommended an increase for every fare stage. At present, a passenger needs to pay only the minimum charge for two fare stages, that is up to 5km. The proposal is to limit it to one fare stage (2.5 km). An officer said the transport department was keen to retain the base fare and wanted only the hike for every fare stage. The fare for ordinary buses is likely to be increased from 70 paise per kilometre to 90 paise and by 25% for other buses. The commission also recommended that the concession rate for students be made 50 per cent of the revised fare. However, the government is unlikely to accept the recommendation and may only increase the minimum charge ● More on P4 from `1 to `2. EXPRESS READ Foreigner found dead in T’Puram apartment T’Puram: A 48-year-old foreigner was found dead in her apartment near Vazhuthacaud on Friday morning. Sarojini Gectec, a Netherlands citizen, was found in an unconscious state in her bedroom by 10.30am, the Museum police said. The police said she has been living in the state for the last 11 years. Her father is an Indian. INDIA has decided to prepare for the long haul if China does not comply with the agreements and retreat to status quo ante as of April. Army Chief General M M Naravane met Defence Minister Rajnath Singh on Friday after the latter’s return from a three-day trip to Russia and apprised him of the situation. They discussed various options the Army is ready to exercise along the Eastern Ladakh border. Apart from the current operational situation, plans to handle the stand-off in case it gets protracted due to the Chinese non-compliance of agreements, were discussed. “The Army Chief discussed options to handle the situation in case Chinese delays withdrawal from all stand-off sites,” a source said. Army Commanders have been already instructed to maintain a steady supply of arms, ammunition and spares through emergency procurement. Rajnath Singh described his meetings in Russia on various defence proposals as productive. “My discussions were very positive and productive. I have been assured that ongoing contracts will be maintained — not just maintained, in a number of cases they will be taken forward in a short time. All our pro- posals have received positive response,” he said. On the diplomatic front, India’s envoy to China Vikram Misri took the bull by the its horns, saying the only way to resolve the military stand-off along the LAC is for China to stop erecting new structures. He reiterates the ministry of external affairs’ position that China’s claim of sovereignty over Galwan is completely “untenable”, adding such exaggerated claims would not help resolve the problem. Misri warned that China’s attempt to alter status quo on ground can have ‘ripples and repercussions’ in broader bilateral relationship. 1,000+ new cases in 8 days; 6 CISF personnel +ve EXPRESS NEWS SERVICE @ T’Puram KERALA reported 100-plus Covid-19 cases for the eighth straight day, adding more than 1,000 persons to the list of active cases during the period. With another four days to complete five months since the first case was reported, on January 30, the state now has 1,849 people under treatment. A total of 150 new cases were reported on Friday . The new patients included six CISF personnel and three staffers of an Army canteen, all in Kannur, and a health worker in Palakkad. Two of the CISF personnel had served at the airport. Ten contracted the virus through local contact. Five of them, including a VSSC staffer, are from the state capital where stringent lockdown restrictions are in place. As many as 65 patients recovered on Friday . Of the new patients, 91 had returned from abroad and 48 from other states. Palakkad re- People in the 60-79 age group most vulnerable? T’Puram: The state is enforcing measures like reverse quarantine for the aged and those with comorbidities. Agencies have repeatedly stressed the need for making “special efforts” to protect them. The ICMR said those between 60 and 79 years should be carefully treated. P2 ported the most number of cases (23), followed by Alappuzha (21), Kottayam (18), Malappuram and Kollam (16 each), Kannur (13), Ernakulam (9), Thiruvananthapuram, Thrissur and Kozhikode (7 each), Wayanad (5), Pathanamthitta (4) and Idukki and Kasaragod (2 each). A total of 1,63,944 persons are under quarantine. Of them 1,61,547 persons are under home/institutional quarantine and 2,397 in hospitals. A total of 312 persons were hospitalised on Friday alone. Two new hotspots have been added — at Amballoor in Ernakulam and Punnapra South in Alappuzha. KERALA CASE DIARY 2,005 150 1,849 recovered cases reported on Friday 3,876 cases confirmed so far are under treatment 22 DEATHS NEET: CENTRE READY TO BRING BACK STUDENTS A banana vendor pushes his cart in rain in Kozhikode on Friday. His means of livelihood was affected in the summer, which sees a peak in the fruit’s sale, due to the lockdown. Soon after the restrictions were relaxed came the monsoon | MANU R MAVELIL Proponents of liberalisation the worst hit by pandemic, says Noam Chomsky EXPRESS NEWS SERVICE @ T’Puram THE manner in which Kerala dealt with Covid-19 has surprised the world, said political thinker Noam Chomsky. He was addressing the ‘Kerala Dialogue’, launched by the state government on Friday. The event brings together leading thinkers, policy makers, professionals, scientists and the general public on a common platform where they can rethink and reimagine develop- Noam Chomsky Amartya Sen ment for a world disrupted by the pandemic. “Only a few places in the world have fared well when the virus spread its tentacles. Vietnam, which has a nearly 1,400 km border with China, has not Art No. WH 3800 MRP `. 269.00 reported even a single Covidrelated death. Similarly, Taiwan and Hong Kong managed to rein in the virus while New Zealand completely wiped it out,” said Chomsky “But the US, the proponent of the liberalisation, has witnessed over 1 lakh deaths. The setback in Germany which adopted neoliberalism did not equal that of the US. The countries which opened up their public health system to private sector suffered the worst,” he ● More on P4 said. Art No. WC 4323 MRP `. 569.00 Kochi: The Central government on Friday informed the Kerala High Court that it is ready to bring back students in Gulf countries who have registered for National Eligibility cum Entrance Test under the Vande Bharat Mission. The decision will help the students write the test scheduled on July 26. CENTRE-KERALA SPAT ON EXPAT ISSUE CONTINUES T’Puram: The Centre-state spat over the return of expatriates continued on Friday with Union Minister of State for External Affairs V Muraleedhran rubbishing reports that the Centre had ‘congratulated’ the state’s initiatives on the matter. He was referring to a senior Ministry of External Affairs official’s letter. Art No. WG 5311 MRP `. 369.00
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