VILLUPURAM SATURDAY OCTOBER 10, 2020 `7.00 PAGES 12 CITY EDITION TRUMP SLAPS ANTI-DUMPING DUTY ON INDIA; CHINA SPARED The Donald Trump administration on Friday imposed steep new tariffs on $2 bn in aluminium imports from 18 countries 353% TARIFF FOR GERMANY, 48% FOR INDIA LEVY COLLECTION TO START IMMEDIATELY Germany and Brazil face the steepest tariffs of close to 353% and 137%, respectively. India faces up to 48% tariff. US Commerce Secretary Wilbur Ross said China is not on the list. “What’s really been happening is Chinese excess capacity has been dumped into other markets. That, in turn, displaces production which gets dumped here,” he explained ■ ■ The US will immediately begin collecting the tariffs from importers, the Commerce Department said “Most countries impacted by the pandemic are becoming more protectionist and are trying to shut out imports on one pretext or the other,” said Biswajit Dhar, economics professor at JNU | P10 $123 bn VALUE OF COMMON ALLOY ALUMINIUM SHEET INDIA EXPORTED TO U.S. IN 2019 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 Chargesheet filed against 8 activists over Maoist links Worst phase for economy over, FY21 contraction to be 9.5%: RBI EXPRESS NEWS SERVICE @ Mumbai/New Delhi GDP growth in Q1 of FY22 pegged at 20%; a second Covid wave may disturb projections S U N I T H A N AT T I THE Reserve Bank of India (RBI) is done punching numbers. Its official read on the economy — the first since the coronavirus outbreak — shows India’s real GDP growth to first contract 9.5% in FY21, but rebound to score a perfect 10% in FY22. But as uncertainty of the virus spread continues to fog the outlook, all forecasts are pretty much down to the wire. According to RBI Governor Shaktikanta Das, the disastorous phase is behind us. Meaning, the sudden and steep contraction like 23.9% seen in Q1 is over and growth rates will regain their model behaviour hereon. The central bank’s projections pursued three scenarios — benign, baseline, and adverse. Taken together, GDP could contract 7.5-11.5% in FY21, but rebound by 7.2-11.6% in FY22. The big cheese is, regardless of the scenario, growth is bound to recover in 2021, though much will depend on investments, consumer spending, monsoon, exports, global growth, and of course some good luck and fortune. All this is subject to avoiding a second wave of infections, and it’s unclear if RBI modelled such a scenario where the ‘deathly grip of the virus’ invokes future lockdowns or delays re-opening of the economy. In Q2, growth may shrink MPC keeps key rates unchanged RBI has kept key interest rates unchanged. The sixmember Monetary Policy Committee, with three newly inducted external members, voted unanimously to retain the benchmark repurchase or repo rate at 4% while keeping its policy stance accommodative, implying it could ease again 9.8%, followed by an even modest 5.6% contraction in Q3 and eventually recover to 0.5% in Q4. If everything goes by the script, real GDP growth in Q1 of FY22 will be an unprecedented 20.6%. Notwithstanding the overwhelming evidence pointing to recovery, the question on the pace of reboud remains. Will it be a V U, , W, L or K-shaped? Das believes it could be a 3-speed recovery First . layer includes sectors opening up early like agriculture and allied activities, FMCG goods and auto to an extent. Second includes those where activity is normalising gradually followed by third comprising ‘slog overs,’ or those entities severly affected by social distancing norms. With agriculture outlook remaining robust, it’s expected to boost rural demand and consumption may go up in CONTINUED ON: P10 Q3. DAL DELIGHT A girl enjoys participating in the three-day water sports event, Jashen-e-Dal, organised by J&K Police at Dal Lake after three years, in Srinagar on Friday | PTI Indian Muslims are world’s most content, says Bhagwat EXPRESS NEWS SERVICE @ New Delhi MUSLIMS face hostilities in many countries but they are most content in India because it is a much safer place, RSS chief Mohan Bhagwat said. “The most content Muslims are only in India,” he said during an interview to a Hindi magazine on Friday. Bhagwat said people from all faiths have stood together whenever it has been about the essence of India. He noted that many Muslims fought in Mewar king Maharana Pratap’s army against Mughal emperor Akbar, adding that India’s history is replete with such stories that show people from all faiths stood together whenever there was an attack on the country’s culture. He also said any kind of bigotry and separatism are spread only by those whose self-interest gets affected. He noted that unlike India, Pakistan did not give rights to followers of other religions. EXPRESS READ World Food Programme wins Nobel Peace Prize Niamey (Niger): The World Food Programme won the Nobel Peace Prize on Friday for its efforts to combat hunger in regions facing conflict and hardship during the coronavirus pandemic P9 TV’s CFO summoned over TRP scam Mumbai: The Mumbai Police have directed Republic TV’s Chief Financial Officer to appear before it on Saturday in connection with the unfolding TRP scam P7 Lalu gets bail, but to stay in jail Ranchi: The Jharkhand HC granted bail to RJD chief Lalu Prasad in a fodder scam case, saying he has served half of his five-year sentence. But will remain in jail as he is serving time in another case PG IN TAMIL NOW AN ELIGIBILITY CRITERIA EXPRESS NEWS SERVICE @ Chennai/Madurai THE Archaeological Survey of India (ASI) on Friday included Master’s degree in Tamil as one of the minimum qualification criteria for admission to the two-year PG diploma course at Pt Deendayal Upadhyay Institute of Archaeology. The original notification had prescribed a PG degree o n ly i n S a n s k r i t , Pa l i , Prakrit, Arabic or Persian. It had not included Tamil and other classical languages. The fresh advertisement has modified the guideline and included all classical languages notified by the Government of India – Tamil, Sanskrit, Kannada, Telugu, Malayalam, Odia and Pali, Prakrit, Arabic or Persian. Following the ASI’s new advertisement, Chief Minister Edappadi K Palaniswami thanked Prime Minister Narendra Modi for the latter’s immediate response to his request. “I appreciate the prompt response and once again thank you for the immediate action in the matter,” the CM wrote in his letter on Friday. He had written to Modi on Thursday, expressing disappointment over Tamil not being included in the admission criteria. He had written that Tamil was the first language in India to be officially recognised as a classical language in 2004. COURT PULLS UP ASI: P4 CM’s letter to PM Modi Of the 48,000 inscriptions published so far, over 28,000 were in Tamil alone, the CM had stated on Thursday BEACH TAPESTRY All they are now left with is the blues... S I N D U J A J A N E @ Chennai J ANNAPOORANI made `500 a day on weekdays, and about `1,000 on a crowded weekend, selling chips at the Marina beach in Chennai. She stood near her stall every evening, feeling the gentle breeze and watching the sun slowly sink into the horizon. She watched children making sand castles and Chenniites and tourists shrieking with glee each time the vibrant waves of the sea enveloped them. All these suddenly came to a halt one March evening when the lockdown was announced. The breeze, the waves and the sun were there. But there were no children, no people, and no takers for her chips. She thought the lockdown would last for a month and everything would be back to normal. But the pandemic was here to stay, and so was the lockdown. Her daily earnings came to a complete halt. She had to feed her family. First, she began pawning her jewellery. After she parted with the last piece of her jewellery, she borrowed money at heavy interest. Now, she stares blankly at the orange horizon every evening, waiting for the government to reopen the beach. “I pay `7,000 towards house rent. Even though owners are instructed not to ask for rent, no one pays heed to it.” Like her, M Kothai also mortgaged her jewellery and borrowed money for a 10 per cent interest. She now cleans fish for customers on the Loop Road, the stretch near Marina, which fetches her roughly about `100 a day, depending on the business. Relief only to those with cards? Meanwhile, the city corporation has been providing relief to the vendors. They were given `1,000 twice, which vendors say, was enough only for a few days. “They gave money to those with vendor cards, and not others,” says a welfare organisation THE National Investigation Agency (NIA) on Friday filed a second supplementary chargesheet in the Bhima Koregaon-Elgar Parishad case against eight persons, including 83-year-old Jesuit priest Father Stan Swamy, who was arrested Thursday evening. The 10,000-page chargesheet filed in a Mumbai court also names Delhi University associate professor Hany Babu, Goa Institute of Management professor Anand Teltumbde, activists Gautam Navlakha and Milind Teltumbde and members of cultural group Kabir Kala Manch — Jyoti Jagtap, Sagar Gorkhe and Ramesh Gaichor. All eight activists have been charged with waging war against the country, conspiring with other accused to further the Maoist ideology, encouraging lawless activities and criminal conspiracy under various sections of the Indian Penal Code and the Unlawful Activities (Prevention) Act. Barring Milind Teltumbde, who is absconding, all other accused are in jail. Stan Swamy, the 16th person to be arrested in the case, was remanded in judicial custody till October 23 by a special NIA court in Mumbai on Friday. He will be in Taloja jail in Maharashtra along with the other accused. Terming the CPI (Maoist) a terror outfit, the chargesheet said the eight accused “abetted violence, brought into hatred and incited disaffection towards the government established by law and promoted enmity between different groups on grounds of religion, caste and community”. It further said that a “systematic network of Maoists” was operating for “supply of arms and ammunition... to carry out urban revolution”. Their funding activities also came to the fore, the chargesheet said. Navlakha, according to the NIA, was in touch with Pakistan’s spy agency ISI. He was allegedly mobilising intellectuals against the Union government and was also recruiting people for the CPI-Maoist. Temple priest burnt alive in Rajasthan R A J E S H A S N A N I @ Jaipur A priest in Rajasthan’s Karauli district died after being set afire by a group of six men over a land dispute, giving the BJP, which is under fire over the Hathras gang-rape and murder in Uttar Pradesh, a handle to attack the Congress. Before he died, priest Babu Lal Vaishnav told the police the culprits doused him in petrol and set him ablaze. The incident took place at Bunka villa g e in Sapotra on Wednesday The priest was . rushed to Jaipur’s SMS Hospital where he died on Thursday night. A case of murder has been registered and the main accused, Kailash Meena, has been arrested. T he police said the priest had about 15 bighas belonging to the Radha Krishna Temple Trust in the village that was given to him for livelihood. A dispute arose as Vaishnav wanted to build a house on a plot close to his land, but the accused claimed they owned the land and the village elders ruled in the priest’s favour.
Express Network Private Limited publishes thirty three E-paper editions of The New Indian Express newspaper , thirty two E-paper editions of Dinamani, one E-paper edition of The Morning Standard, one E-paper edition of Malayalam Vaarika magazine and one E-paper edition of the Indulge - The Morning Standard, Kolkatta.