tadepalligudem l SATURday l October 10, 2020 l `7.00 l PAGES 12 l 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 Court cases against Naidu, other VIPs to be heard soon Worst phase for economy over, FY21 contraction to be 9.5%: RBI 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. E x p r e s s N e w s Se r v i c e @ Hyderabad Taking on a new role Newly-appointed TTD executive officer Jawahar Reddy being welcomed at the Padmavathi Guest House in Tirupati on Friday| Express Can’t hold local body polls now due to Covid-19: Govt E x p r e s s N e w s Se r v i c e @ Vijayawada The Andhra Pradesh High Court on Friday asked the State Election Commission (SEC) to inform it about when can it hold panchayat elections. A division bench comprising Chief Justice JK Mahehswari and Justice K Lalitha issued a notice to the SEC to this effect on a petition filed by advocate T Yogesh and others urging the court to issue directions to hold the polls. The bench sought to know what the objection to holding the polls could be, when the Election Commission had allowed Assembly elections in some States. Appearing on behalf of the government, lawyer C Suman submitted that there was no scope for elections in the State in view of the severity of the pandemic. Since the SEC’s advocate was not available via videoconference, the bench issued a notice and deferred the hearing to November 2. express read Indian Muslims most content: Bhagwat 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 of all faiths have stood together whenever it has been about the essence of India WFP 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. The UN agency has long specialised in getting assistance to some of the most dangerous places, including from air-dropping food in South Sudan and Syria | P9 Chargesheet filed against 8 activists E x p r e s s N e w s Se r v i c e @ Mumbai/New Delhi 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 G a u t a m N av l a k h a a n d 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 ac- tivities 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. ‘Abetted violence’ The chargesheet said the accused “abetted violence, brought hatred and incited disaffection towards the government established by law and promoted enmity” Re n o v a t i o n u n d e r w a y TTD cottages to get new facilities next year B M u r a l i @ Tirumala To provide better amenities at pilgrim cottages, the Tirumala Tirupati Devasthanams (TTD) is renovating the cottages in Tirumala, the hill shrine of Lord Venkateswara. Some of the work taken up in the first phase is expected to be completed by March 2021 so devotees can use the facility by summer, when the rush is expected to be at its peak. The rest of the work is to be completed by November 2021. The guest houses being renovated are for common pilgrims, with a daily tariff of `50-100. As many as 15 departments of the TTD are working in tandem to complete the renovation before the deadline. The main goal is to ensure comfortable accommodation for pilgrims so they can have hassle-free darshan. “We have been working since the first week of June at Rambagicha Guest House (RBGH) and Sudarshan (first new choultry), and the estimated cost of the work is `7.80 crore,” said TTD Executive P Engineer S Chandrasekhar. 5 Workers renovate a cottage in Tirumala on Friday | Express New furniture, tiles, Western commodes As part of the renovation, vitrified tiles are being laid, sanitary lines are being replaced, and work is being done on the water supply lines, furniture and electrical fixtures at the cottages. The structures will also be painted. Besides this, Western-style commodes are being installed Pursuant to the recent orders of the Supreme Court and Telangana High Court, various high-profile criminal cases pending against VIPs from the two Telugu States will be coming up for hearing over the next couple of weeks in various courts in Hyderabad. The several cases are against political leaders such as Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, former chief minister N Chandrababu Naidu, Congress MP A Revanth Reddy and AIMIM MLA Akbaruddin Owaisi. The trial courts at Hyderabad, including the Special CBI Court and ACB Court, have listed various cases pending against both sitting and former MPs and MLAs. Among them are the alleged disproportionate assets case against the Andhra Pradesh Chief Minister and various cases involving Revanth Reddy and others, in which the hearing will take place on Monday. At present, most of these leaders are on bail in their respective cases. The trial courts will now take up these cases for hearing on a day-to-day basis as per the High Court’s direction. On Friday, Jagan’s counsel filed an application before the Special CBI Court with a plea to hear the alleged disproportionate assets case through videoconferencing mode. The CBI Court has listed the matter for hearing on Monday Several . other accused, including Telangana Education Minister P Sabitha Indra Reddy, YSRC MP V Vijayasai Reddy, MLA Dharmana Prasada Rao and several senior IAS officers and industrialists are involved in the assets case. The case was last heard in February. As for Chandrababu Naidu’s alleged disproportionate assets case filed in 2005 by Lakshmi Parvathi, YSRC leader and wife of former CM late NT Rama Rao, the Special ACB Court, while dealing with the case in February this year, posted the matter to February 26 for further hearing. Continued on P5 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.
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10-10-2020 of The New Indian Express-Tadepalligudem