vijayawada l SATURday l October 10, 2020 l `7.00 l PAGES 12 l late 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 Legal battles ahead for Babu? Old cases get new lease of life FY21 contraction 9.5%, possible economic revival next year: RBI E x p r e s s N e w s Se r v i c e @ Hyderabad GDP growth in FY22 projected at 10%, but second Covid wave could dampen forecast 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 Making a splash A scene from the sets of a short film about fishermen being shot on the beach in Visakhapatnam on Friday | G satyanarayana MPC keeps key rates unchanged Can’t hold local body polls now due to Covid-19: Govt 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 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. 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. 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 159 new corona cases in Visakhapatnam Visakhapatnam: A slight reduction in the number of new coronavirus cases in Visakhapatnam district was recorded on Friday, as 159 cases were reported, against 198 on Thursday. So far, 52,549 cases and 2,860 active cases have been recorded in the district, said special officer Covid-19 for Srikakulam, Vizianagaram and Visakhapatnam districts Dr PV Sudhakar 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” Second wind Prakasam granite industry gets back to life IV N P P r a s a d @ Ongole The granite mining and affiliated industries at Chimakurthy and Gundlapalli Growth Centre, along with Martur and Ballikurava areas of Prakasam district, are getting back on track as they are again receiving orders from local and inter national consumers. The State gover nment’s Nadu-Nedu scheme, and new buildings for village/ward secretariats and some Primary Health Centres (PHCs) in the district came as a ray of hope to the granite industry. The Covid-19 crisis had earlier severely impacted the busi- ness of granite-based industries in the district. Prakasam district’s granite industry has a turnover of around `2,000 crore per annum, with over 3,000 major, medium and small-scale granite industries and affiliated units. It provides direct employment to around 30,000 people, and indirect employment to about 60,000. Expressing happiness over the granite industry resuming work, AP Small, Medium Scale Granite Industries Association district president K Sekhar Reddy said that with the increase in construction activities since the lockdown was lifted, and work orders for government-related construction projects, granite units will be able to pay workers and suppliers on time. “It is a big relief, and we will hopefully resume full-swing work soon,” he said. As much as 75-80 per cent of raw granite blocks from the Chimakurthy Galaxy Granite industry are exported to China. The finished goods are then exported from there to various countries. “Though the Chinese are not approaching us directly due to the pandemic, their local agents and representatives are placing orders,” said MA Ajeem Shahin, Galaxy Granite Industries AsP5 sociation leader. Govt schemes provide boost As many as 1,387 govt schools are being renovated in the district under the NaduNedu scheme. Government projects have come as a big relief to the granite industries, as slabs and chips are being procured for flooring and walls, among other things 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 come up for hearing over the next couple of weeks in various courts in Hyderabad. The trial courts in 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 Chief Minister Jagan Mohan Reddy, TDP chief Chandrababu Naidu and other cases involving Revanth Reddy and other VIPs. At present, most of these leaders are on bail in their respective cases. The trial courts will now take up the 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 dispropor- tionate assets case via videoconference. The CBI Court has listed the matter for hearing on Monday. The case was last heard in Feb. As for Naidu’s 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 earlier this year, posted it to Feb 26 for further hearing. Naidu had filed an appeal before the then AP HC, which granted stay on proceedings pending before the trial court. For the last 14 years, the stay was in operation and the HC had also refused to vacate the stay as pleaded by Parvati. Last year, the Supreme Court had issued a blanket order by vacating stay orders in all the old civil and criminal cases. Following the Supreme Court order, the stay g ranted in Naidu’s appeal also stood vacated. Any stay order will be in force for a maximum of six months, her counsel argued before the trial court. The Special ACB Court posted the case to P5 October 21 for hearing. 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. When Vaishnav wanted to build a house on a plot close to his land, the accused claimed they owned the land and the village elders ruled in the priest’s favour. Continued on P8
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