WARANGAL WEDNESDAY SEPTEMBER 16, 2020 `7.00 PAGES 12 CITY EDITION 1,600 INDIAN COs GOT $1 BN FDI FROM CHINA DURING 2016-2020 Over the past four years, China pumped in $1,020.25 million to Indian firms across various sectors, according to govt data BIG MONEY FOR AUTO, SERVICES SECTORS BUT SLOWDOWN IN OVERALL CASHFLOW These companies were in 46 sectors. Out of them, the automobile industry, printing of books (including litho printing industry), electronics, services and electrical equipment received more than $100 million FDI each from China. The automobile industry received the highest FDI at $172 million, while the services sector attracted funds worth $139.65 million ■ ■ However, there has been a decline in FDI inflow from China in the past three years with FDI coming down to $163.77 million in 201920 from $350.22 million in 2017-18, government data showed The outflow from India to China also came down drastically, from $49.2 million in 2017 to $20.63 million in 2020 78% YEAR-ON-YEAR RISE IN INDIA’S EXPORTS TO CHINA IN JUNE, ACCORDING TO CRISIL 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 Govt committed to peace, ready for any challenge in LAC issue Rajnath makes statement on stand-off, calls out Chinese aggression and troop build-up, says India is fully determined to defend its borders EX PRESS N EWS SERVICE @ New Delhi DEFENCE Minister Rajnath Singh on Tuesday told Parliament the government is committed to peacefully resolving the ongoing stand-off with China along the Line of Actual Control (LAC) but is prepared to face any challenge. “India is fully determined to defend its borders and it has, through high-level meetings with Chinese counterparts, proposed several measures that, if implemented, could de-escalate An IAF transport aircraft brings supplies to a base in Ladakh on Tuesday | PTI BIG APPLE OF SOUTH HYDERABAD BEST CITY TO ‘LIVE & WORK’ IN INDIA: SURVEY EXPRESS NEWS SERVICE @ Hyderabad JUST months after being adjudged as the World’s Most Dynamic City in the JLL City Momentum Index 2020, Hyderabad now has another commendable achievement to boast about. The State’s capital city has been ranked No. 1 among the 34 cities to ‘live and work’ in the country . According to a survey conducted by Holidify . com, which helps tourists manage their travel destinations, Hyderabad took the top spot, followed by Mumbai, Pune, Bengaluru and Chennai in that order. The City of Pearls scored a four out of five. In its report, Holidify.com describes Hyderabad as “a densely populated metropolitan city with people bustling in and out of cafes, offices, temples and even nowhere, Hyderabad is fast turning into the New York city of South India.” While stating that the best time to visit the city is between September and March, the survey lists out the various places one can visit in the city and includes Charminar, Golconda Fort and Ramoji Film City It makes a mention . of the even distribution of the city’s population and various companies to provide hassle-free traffic. “Apart from all this, the city is emerging as an IT hub with a top class airport and international schools,” it added. In January, JLL or Jones Lang LaSalle released its City Momentum Index report where Hyderabad was assessed as the world’s most dynamic city from amongst 130 cities across the globe. The city was followed by Bengaluru, Chennai and Delhi in the top-10 list. Meanwhile, IT Minister of AP M Goutham Reddy congratulated his Telangana counterpart K T Rama Rao for the distinction that Hyderabad had secured. KTR thanked him for the best wishes. tensions at the LAC,” he said in a statement in the Lok Sabha. Since the Speaker did not allow any discussion saying that was what the House had agreed upon, the Congress staged a walkout, saying “they blocked the discussion because they don’t have answers.” Singh explained how the situation snowballed into the Galwan Valley violence on June 15 that led to the death of 20 Indian troops. “In early May, the Chinese side had taken action to hinder the normal, traditional patrolling pattern of our troops in the Galwan Valley area, which resulted in a face-off. Even as this situation was being addressed by the ground commanders our bilateral agreements and protocol, in mid-May the Chinese side made several attempts to transgress the LAC in other parts of the western sector. This included Kongka La, Gogra and North Bank of Pangong Lake. These attempts were detected early and responded to appropriately by our armed forces,” he said. To resolve the increasing friction, both sides held a meeting on June 6 and decided to desist from taking any measure to aggravate the situation further. “However, the agreements were disregarded by China by making heavy deployment of forces. Owing to their actions, there has been further friction.” In the Galwan violence, Indian soldiers “inflicted cost, including casualties on the Chinese side,” Singh added. The current situation, he said, is because of the difference ‘Not in people’s interest’: State Assembly urges Centre to withdraw Electricity Bill V V B A L A K R I S H N A @ Hyderabad THE Telangana Legislative Assembly on Tuesday unanimously adopted a resolution urging the Central government to withdraw the proposed Electricity (Amendment) Bill, describing it as being detrimental to the interests of farmers and the poor. Moving the resolution in the House, Chief Minister K Chandrasekhar Rao termed the Centre’s Electricity Amendment Bill as ‘draconian’ and said it would usurp the rights of the States. The Bill is against the federal spirit of the Constitution, Rao said and declared that the TRS MPs would oppose the Bill in both Houses of the Parliament. Once the Bill is adopted, the State government would have Farmers are now enjoying some benefits due to the construction of irrigation projects and due to good rains. Fixing meters on agriculture motors will not help farmers. Besides, the State requires a whopping `750 crore to purchase the meters — K Chandrasekhar Rao, Chief Minister to fix meters for 26 lakh agriculture pump sets in the State. “After the formation of the State, the farmers are now enjoying some benefits due to the construction of irrigation projects and due to good rains. Fixing meters on agriculture motors will not help farmers. Besides, the State government requires a whopping `750 crore to purchase the meters,” Rao said. The Chief Minister said when the Bill becomes part of the Act, then industrialists would be given open access to purchase power, which would push the Discoms deep into losses as there would be no cross subsidy in the power sector. Against federal spirit “The Bill would facilitate the Central government to appoint the State Electricity Regulatory Commissions with members of its choice. The Load Dispatch Centre too would be managed by the Centre once the Bill is adopted. These provisions in the Bill are nothing but taking away the rights of the States,” the Chief Minister said. “The Bill is against the federal spirit and is of no use to the people. Further, it will hurt their interests,” he added. The privatisation of the power sector proposed in the Bill would pose a threat to the very existence of Discoms, Gencos and Transcos and is also detrimental to lakhs of power sector employees in the country he said. , The CM said that the Centre was not considering hydel power generated at Srisailam and Nagarjuna Sagar Project (NSP) as renewable energy and at the same time it wants to insist on States purchasing renewable energy from power plants in the north, which are at present running in losses. CONTINUED ON P4 Big fall in exports, imports India’s exports contracted for the 6th straight month in Aug EXPORTS AUGUST 2019 $25.99 bn $39.85 bn $29.47 bn -12.66% IN ABUNDANCE -26.04% Gems & jewellery (-43%) Petroleum (-40%) Leather (-17%) Engineering goods (-8%) Petroleum, coke and products (-42%) Machinery (-42%) Coal, coke (-38%) Chemicals (-18%) TRADE DEFICIT August 2019: $13.86 billion | August 2020: $6.77 billion CRUDE OIL IMPORTS Oil imports in Aug 2020 were $6.42 bn, compared with $11 bn in the same month last year. This was largely due to the dip in global Brent prices | P10 Source: Ministry of Commerce & Industry Sitting on `781 cr in MGNREGS wages EXPRESS NEWS SERVICE @ New Delhi WHILE the rural employment scheme extended a lifeline to millions of migrant workers who were forced to return to their villages from cities during the Covid-19 lockdown, its implementation has been hampered by unpaid wages to the tune of `780 crore. According to data from the rural development ministry, `781.14 crore worth of fund transfer orders (FTOs) for payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) are pending in States and Union territories. The pendency comes at a time when the scheme has seen record rise in demand for work owing to the lockdown. CONTINUED ON P8 CSIR, Aurobindo Pharma tie up to develop Covid-19 vaccines IN a major collaborative effort, the Council of Scientific and Industrial Research (CSIR) and Aurobindo Pharma Limited have announced that they would together to develop vaccines to counter the SARSCoV-2 virus. As per an agreement signed between CSIR’s lab — Centre for Cellular and Molecular Biology (CCMB) and Aurobindo Pharma on Tuesday the lat, ter will take up the clinical development and commercialisation of the various vaccines developed by the CSIR Labs. At present,three CSIR labs — CCMB Hyderabad, Institute of Medical Technology E N S @ Hyderabad THE Monsoon session of the State Legislature is likely to be adjourned sine die on Wednesday, as most of the government business is already over. Speaker Pocharam Srinivas Reddy held a meeting on Tuesday with legislators on continuation of the session. However, Congress leaders wanted the government to extend the session to discuss the Krishna river water dispute between Andhra Pradesh and TS among other subjects. The Business Advisory Committee had decided to conduct the session till September 28, but MIM MLA Jaffar Hussain Meraj tested positive for Covid-19 on Monday and TRS MLC Yegge Mallesham’s test results were also positive on Tuesday. Around 50 police and Legislature staff too have tested positive. Keeping these developments in mind the ruling party wants to adjourn the session. With the government business almost over, the ruling party members are in favour of adjournment of both the Houses sine die. PAGE 4 Following heavy inflows into the Lower Manair Dam in Karimnagar, project officials lifted 20 crest gates to release water on Tuesday PANDEMIC FIGHT D O N I TA J O S E @ Hyderabad Assembly may be adjourned sine die today COVID CASES AND 10 DEATHS IN TS AUGUST 2020 $22.7 bn BUSINESS DONE 2,058 IMPORTS AUGUST 2019 AUGUST 2020 of perception regarding the LAC. Both sides know their claim lines, which was why various CBMs were concluded. “The problem lies in the nature of the LAC which is not defined on the ground. This gives either side the freedom to change the status quo if they trash the CBMs. This is exactly what has happened in eastern Ladakh,” said B R Deepak, Sinologist and chairperson of the Centre for Chinese and South Asian Studies at JNU. (IMTECH), Chandigarh and Indian Institute of Chemical Biology (IICB), Kolkata — are in the process of developing vaccine candidates using different technology platforms. As per the agreement, Aurobindo will undertake commercialisat i o n a n d m a nu f a c t u r i n g aspects. The officials of Aurobindo Pharma stated that the manufacturing facility will come up in Hyderabad. “This collaboration further strengthens our Covid-19 vaccine development efforts. We are already setting up a largescale facility in Hyderabad for manufacturing Covid-19 and other viral vaccines,” said N Govindarajan, Managing Di- rector of Aurobindo Pharma Limited. “Of the three labs in the race for a perfect vaccine candidate, CSIR-CCMB, based out of Hyderabad, is presently working on novel proteins for vaccine development that have the potential to address the need for a second-generation vaccine,” said Dr Rakesh Mishra, CCMB Director. HC refuses to interfere in govt’s decision on exams R R A J A S H E K A R R A O @ Hyderabad PAVING the way for the conduct of various examinations in the State, a division bench of Telangana High Court on Tuesday refused to interfere with the policy decision of the State government in conducting semester and final year examinations of undergraduate and postg raduate courses through physical mode. Holding examinations through online or offline mode is the policy decision taken by the State government and such a decision cannot be subjected to judicial review, the bench observed. The bench comprising Chief Justice Raghvendra Singh Chauhan and Justice B Vijaysen Reddy disposed of the PILs filed by NSUI State president B Venkat Narsing Rao, who sought postponement of all the examinations and to promote all the students to next semester/academic year without conducting examinations of undergraduate, postgraduate and other diploma courses in view of Covid-19 pandemic, and another PIL filed by Gareeb Guide Voluntary Organisation seeking to postpone examinations. When the matter came up for hearing, State Advocate General BS Prasad told the court that the government has taken the policy decision to conduct semester and final year examinations of UG and PG courses through physical CONTINUED ON P3 mode.
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