WARANGAL SATURDAY JUNE 05, 2021 `7.00 PAGES 12 CITY EDITION BIDEN TAKES TRUMP LEGACY FORWARD, TARGETS CHINA SATELLITE FIRMS, IC CHIP MAKERS ON BLACKLIST US President on Thursday issued an executive order prohibiting Americans from investing in as many as 59 Chinese companies STAKEHOLDERS HAVE ONE YEAR TO DIVEST On the blacklist are manufacturers of integrated circuits, optical components, satellite communications equipment and software. These firms are suspected to have close ties with the Chinese military or are providing surveillance services, such as face-recognition technology. The aim is to prevent such companies from accessing US capital ■ ■ ■ American investors already holding shares in the 59 prohibited companies have one year to offload their stake US firms have also been prohibited from transferring technology to Chinese companies without permission from the government There were 44 Chinese firms on the blacklist under Trump regime August 2 DAY PRESIDENT BIDEN’S EXECUTIVE ORDER WILL COME INTO EFFECT 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 RBI cuts growth projections, pauses rates ‘3rd wave will peak early if Covid code is ignored’ EXPRESS NEWS SERVICE @ New Delhi Ongoing 2nd Covid wave derails central bank’s estimates for revival of economy CHANCES of a third wave of the coronavirus pandemic are pretty high and the next phase could turn out to be as bad as the current wave if people let their guard down, a top official warned on Friday Talking to . reporters during a press briefing by the health ministry on Friday Dr V K Paul, member , (health), Niti Aayog, underlined that the pandemic situation had improved not because of the virus behaviour but because of the measures taken to curb its spread. “If we again start doing what we were doing as a society in December 2020 and January 2021, the situation can again go into a difficult phase,” added Paul, who also heads the national Covid task force. The more people neglect following Covid-appropriate behaviour, the more intense will be the next wave, he said. “But if we proceed slowly and continue the tightrope walk, the wave will be small… Maybe, there will be no waves at all,” he noted. “There are no crowds... a price that we pay but we have made it difficult for the virus to travel. We have to remember that when the peak is declining, if we start doing what we were doing in January, it will come back again. This is mathematically valid and also valid by common sense,” he stressed. NATIONWIDE Fresh cases Recoveries Deaths JUNE 3 S E S A S E N @ New Delhi AN explicitly dovish-toned RBI on Friday chose to keep interest rates unchanged as it lowered GDP growth projection for the current financial year to 9.5%, dashing hopes of a double-digit economic growth. The downward revision highlights the economy-wide stress. Even as RBI Governor Shaktikanta Das was convinced a normal monsoon and business resilience can FY22 GDP GROWTH LOWERED TO 9.5% RBI has lowered the growth estimate for 2021-22 from 10.5% forecast earlier to 9.5% as “sudden rise in Covid-19 infections and fatalities has impaired the nascent recovery that was underway”. According to RBI’s revised estimates, Q1 growth is now pegged at 18.5% against 26.2% projected earlier. Q2 growth was lowered marginally to 7.9% from 8.3% GOOD MONSOON TO TEMPER INFLATION RBI introduced a liquidity window of `15,000 crore for contract-service sectors such as hotels & restaurants, transport, tourism, event management companies and beauty salons that have been disproportionately targeted in the latest round of lockdowns. The window is available till March 2022. RBI has also enhanced the threshold exposure for availing its restructuring programme for small businesses and loans to individuals for business from `25 crore to `50 crore June 3 26,24,971 doses June 4 33,57,713 doses TOTAL DOSES: 22,75,67,873 JUNE 4 18 `1.2 LAKH CRORE BOND BUYING 2,175 3,821 15 RBI has announced the second phase government bond-buying scheme – G-SAP 2.0 – under which it will buy `1.2 lakh crore worth of bonds in July-September Adv SII as US raw material bar off EXPRESS NEWS SERVICE @ New Delhi IN what is expected to further ease the supply of raw materials to vaccine manufacturers in India, the United States has decided to lift the Defense Production Act (DPA) ratings on three Covid vaccines — AstraZeneca, Novava and Sanofi. AstraZeneca and Novavax are being manufactured by the Serum Institute of India (SII). “While the manufacturers will continue to make these three vaccines, this action will allow US-based companies that There is no IAS officer in CMO from SC and BC communities Eatala Rajender, former Health Minister KCR held reviews on Finance and Health Depts without the presence of Ministers Eatala Rajender addresses a press conference to announce his decision to resign as an MLA and quit the TRS, at Shameerpet in Hyderabad on Friday Why is KCR’s daughter Kavitha heading the Singareni union? Eatala bids TRS a bitter adieu V V B A L A K R I S H N A @ Hyderabad FORMER Health and Finance Minister Eatala Rajender, who was dismissed from the Telangana State Cabinet a month ago after allegations of encroachment of assigned lands were levelled against him, announced on Friday that he was resigning as an MLA and also quitting the ruling TRS. He is shortly expected to submit a resignation letter to the State Legislative Assembly Speaker. Rajender, who was in the TRS for nearly 20 years, is all set to join BJP in the next four to five days in the presence of Union Home Minister Amit Shah, once the latter is discharged from the hospital. Rajender recently met BJP president JP Nadda in Delhi and spoke to Amit Shah. At a crowded press conference on Friday, Rajender claimed that TRS had won several elections in the Huzurabad Assembly segment only because of his efforts. The sixtime MLA said he won from the segment with huge majorities because of the support of the people and not because of the TRS’ B-form. “Even the Chief Minister’s daughter K Kavitha, who contested with a TRS Bform, was defeated,” he said. Levelling serious allegations against Chief Minister K Chandrasekhar Rao and the TRS government, Rajender said the government had suppressed the RTC strike last year. “KCR banked on money power and conspiracies to win the recent MLC Graduates’ elections,” Rajender alleged. He said even Finance Minister T Harish Rao had faced humiliation. Along with Rajender, former MLA E Ravinder Reddy, former ZP chairperson of Karimnagar Tula Uma and many others also resigned from TRS on Friday . No alternative except BJP Later, in an informal chat, Rajender said that though he believed in Leftist ideology, he was joining the BJP as, except for the saffron party there was , no alternative to the TRS in the State. Everyone knows that TRS is controlling the Congress, he remarked. Rajender said several other TRS leaders would also quit the party soon. Even Dharna Chowk is closed. Separate Telangana could not be a reality without agitations I have compromised and said that it was not wrong to make KTR the CM. T Harish Rao too said the same KCR should remember that TRS is not a regional party like other parties floated by Lalu, Mayawati and Jayalalaithaa Right from RSS to RSU, all supported the T-movement Those who participated in the T-movement are out of the party. Outsiders at that time are insiders now KCR met Varavara Rao during the separate State movement, but did not utter a single word when the latter was jailed When you (KCR) cannot trust your own Ministers, how can you rule over four crore people in the State? Telangana IT and MAUD Minister KT Rama Rao on Friday questioned the Centre as to why they were not importing vaccines from countries where they were in surplus. “To my knowledge, there are TARGETED REGULATORY MEASURES 1,34,154 1,32,364 2,11,499 2,07,071 2,887 2,713 2,261 3,043 It is not Pragathi Bhavan, it is an abode of slaves Why don’t you import unused vax: KTR to Centre The six-member Monetary policy committee decided to keep repo rate (at which banks borrow from RBI), unchanged at a record low of 4% and the reverse repo rate (at which RBI borrows from banks) at 3.35%. RBI had slashed the repo rate by 115 bps since March 2020, to soften the blow from the pandemic. It was last revised in an off-cycle policy review in May JUNE 4 JUNE 3 KCR banked on money power and conspiracies to win the recent MLC Graduates’ elections POLICY RATES KEPT AT RECORD LOW TAKE YOUR SHOT TELANGANA Joginipalli Santosh Kumar, who gives medicines to KCR, became a RS member “A normal south-west monsoon along with comfortable buffer stocks should help to keep cereal price pressures in check,” Das said. However, rising commodity prices, especially crude, together with logistics costs could pose serious challenges to the outlook. Das pegged quarter-wise inflation projections for FY22 at 5.2% in Q1; 5.4% in Q2; 4.7% in Q3; and, 5.3% in Q4, with risks broadly balanced JAB-O-METER Fresh cases Recoveries Deaths aid economic recovery he ad, mitted there were risks to the growth. The central bank was also mindful of the inflation, which it estimates to be at a moderate 5.1% for FY22 despite the recent rise in commodity prices, which the monetary policy committee feels is driven by supply-side constraints. Announcing a slew of liquidity measures, Das said RBI’s focus is now shifting to equitable distribution of liP10 quidity . THUS SPAKE EATALA supply these vaccine manufacturers to make their own decisions on which orders to fulfill first,” White House Covid-19 response coordinator Jeff Zients said. All three vaccines are yet to be approved for use in the US. The DPA gives the US president powers to allocate materials, services, and facilities and award contracts that are prioritised over others to promote national defence. Former President Donald Trump had invoked the Act last February saying it will be used to protect America from coronavirus. The law prevents companies from exporting certain goods to keep them within the US. By invoking the DPA, the export of raw materials for vaccine manufacture was curtailed or banned from the US. Of the 350odd ingredients used for vaccine manufacture, the US is the source for around 70% of them. The issue of the DPA bar was first flagged by SII’s Adar Poonawalla, which created an uproar, forcing the Biden administration to partially lift it. EXPRESS NEWS SERVICE @ Hyderabad at least four countries — the US, Canada, Norway and Denmark — where at least 50 crore doses of AstraZeneca vaccines are lying unused. The US alone has nearly 25 crore doses. Why is the Centre not importing vaccines for the Indian population from them?” he questioned. Rama Rao was speaking on FUELLING ANGER Petrol price crosses `100 mark in State E X P R E S S N E W S S E R V I C E @ Hyderabad TELANGANA joined other States such as Andhra Pradesh, Rajasthan, Madhya Pradesh and Maharashtra, where the price per litre of petrol has crossed the `100 mark — once an unthinkable phenomenon. Petrol prices in four districts crossed `100-per-litre on Friday, and the same is expected to occur in many other districts too. Prices crossed `100 at Adilabad (`100.31), Jogulamba Gadwal (`100.45), Nir mal (`100.17) and Kumrambheem Asifabad (`100.11) districts. Prices are very close to `100 in the districts of Nizamabad (`99.95), Kamareddy (`99.46), Mancherial (`99.45) Jagtial (`99.22) and Mahabubnagar (`99.17). In Hyderabad, on Friday petrol was priced at , `98.55 while diesel cost `93.44 per litre. The prices have left citizens fuming. Anoop Tade, a techie, said, “The government which came to power with a promise to reduce fuel prices has made it touch historic highs. The bigger worry is, prices of other commodities will also rise now.” `43K-cr project to build 6 conventional subs gets nod M AYA N K S I N G H @ New Delhi IN one of the largest Make in India projects in the naval sector, the Defence Acquisition Council (DAC) on Friday approved a Request for Proposal (RFP) to build six conventional submarines at an estimated cost of `43,000 crore. The project will be under the strategic partnership model, P 75 (I), which means the whole process will be led by an Indian manufacturer. The submarines will be equipped with the state-of-the-art Air Independent Propulsion system, the defence ministry said. The DAC was chaired by Defence Minister Rajnath Singh. On January 21 last year, two domestic shipyard companies — state owned Mazagon Dock Shipbuilders Ltd (MDL) and private sector firm Larsen & Toubro (L&T) — were identified as strategic partners for the P 75 (I) programme. These two strategic partners will now get the RFP in about a month and do the legwork, including scouting for global Original Equipment Manufacturers (OEMs) to provide various systems. They will submit their project reports in three months, after which their technical evaluation will be done and one shipbuilder picked. Contract signing can happen by 2022-end assuming the project is on the fast track. The chosen company will then begin building infrastructure with Central funds. The selected OEMs will transfer technology and train personnel, after which manufacturing will begin. It’s a 30-year project and its first submarine ought to be ready in about 10 years. “It will be a strategic shift in overall capability building towards manufacturing of complex systems,” an officer said. The DAC also approved Army’s `6,000 crore plan to procure air defence guns and ammo under the Buy & Make (Indian) category . Friday at the inauguration of 150 ICU beds in Telangana Institute of Medical Science (TIMS), which have been set up using CSR funds of 5 IT firms — Qualcomm, Microsoft, Wells Fargo, Cognizant and Franklin Templeton. “The Centre has had a very flawed policy on vaccines. First, it made a mistake by not placing orders when vaccines were needed, and instead sent them to other countries. Now, when we have to vaccinate a population of 132 crore, we don’t even have 25 per cent of the required doses.
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