Czech Republic’s Barbora Krejcikova celebrates after winning the French Open women’s title on Saturday | AFP KOCHI l Sunday l June 13, 2021 l `12.00 l PAGES 24 l LATE city edition two greats parry in paris, set, match & every point World No Novak Dojokovic beats Rafael Nadal 3-6, 6-3, 7-6, 6-2 in one of the most excusite semifinals at French Open DJOKOVIC climbs on top of mount Everest Nadal did lead the first set but by the time it was done, the Serb had got a solid opening into Friday’s match. Forget who you support. The 90-minute third set is reserved for eternity where two of the sport’s greatest pushed each other their limits. Djokovic words aptly describes the match, “You have to kind of climb Mt. Everest to win against this guy,” he later said ■ 18 New czech-in: woman’s champ barbora ■ ■ Barbora Krejcikova wins maiden Grand Slam title at French Open beating Russia’s Anastasia Pavlyuchenkova 6-1, 2-6, 6-4 The World No 33 becomes the first woman from Czech Republic to win a Grand Slam title in 40 years MEN’S FINAL: Djokovic vs Tsitsipas at 6.30pm (SUNDAY) | p11 number of grand slam titles djokovic has won 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 One-month lockdown costs workers `10.5k cr in wages STATE’S WORKFORCE 27 6.8 9.7 Selfemployed 16.8 43.8 28.4 38.2 35.2 (in lakh) All Male Female 48.1 Casual workers 93.7L Regular workers 33.7l 127.1L total (Source: Quick Assessment of the impact of the Covid-19 and lockdown on Kerala’s economy, a study by Kerala State Planning Board, May 2020) B SR E E J A N @ T’Puram The livelihood of at least 73 lakh people in the state has been hit by the ongoing lockdown. Of the 1.27-crore strong workforce in Kerala, 57.7% work in manufacturing, construction, trade, transport and hotels and restaurant industries that have been directly hit by the lockdown. While most of them are not earning anything, a few companies that are closed provide sustenance allowances to workers as a humanitarian gesture. Owing to the lockdown, the loss of wages suffered by selfemployed and casual workers in the state amounted to `350 crore per day, a study by the Kerala State Planning Board on the economic impact of last year’s lockdown has found. It said one month of lockdown deprived the FM: Decision against waiving 5% GST on vax not good for kerala E x p r e s s N e w s Se r v i c e @ T’Puram 5.38 lakh doses of Covishield vaccine received by Kerala It includes 1.88 lakh doses procured by the state directly through Kerala Medical Services Corporation Ltd and 3.5 lakh provided by the Centre, said Health Minister Veena George Vaccine reached Kochi on Friday and its distribution started on Saturday FINANCE Minister K N Balagopal has said the Goods and Services Tax (GST) Council’s decision not to waive the five per cent GST on Covid vaccine was against the interests of states. The Central government argued for its continuation citing the change in the vaccine procurement strategy It said it would . purchase 75 per cent of the vaccines from manufacturers and 70 per cent of the GST revenue from it will be shared with states. “It would have been a big boost to the Covid prevention activities if tax was waived on the remaining 25 per cent of vaccines meant for distribution through private hospitals,” said Balagopal. The finance minister said the Centre’s stand not to waive GST on Heparin and portable hospital unit was disappointing. The united stand of the states helped pave way for the tax cuts announced for certain other medicines and hospital equipment. Balagopal said Union Finance Minister Nirmala Sitharaman’s original proposal was that the tax relaxations should end by August. But it was extended till September following strong demand from states in the meeting, he said. An elderly homeless woman finds shelter under the Kochi Metro rail line at Kadavanthra on Saturday. The second wave of Covid has made lives difficult for many | Arun Angela state’s workforce `10,500 crore in wages. The state government, which is gearing up to extend till June 23 the lockdown that started on May 8, hasn’t introduced any cash transfer scheme for employees facing financial crunch, other than extending the monthly free grocery kit distribution for all families by another month. As per the periodic labour force survey of 2018, out of the 1.27 crore workers in Kerala, 48.1 lakh were self-employed and 43.8 lakh were regular workers. The remaining 35.2 lakh were casual workers. The total workforce comprised 93.7 lakh men and 33.4 lakh women. The loss of wages is spread over all these categories, among which the service sector has taken a big blow. This sector, employing 65.6 lakh workers, is the largest source of employment in Kerala. The planning board study held in May last year also estimated that during the first quarter of 2020-21 fiscal when the national lockdown paralysed normal life, the state would suffer a shortfall of at least `8,000 crore in the gross value addition (GVA). ● More on P4 No tax on black fungus drug; levy on Remdesivir slashed; vaccine continued to be taxed at 5%; new rates applicable till Sept 30 GST Council offers relief, cuts tax on Covid items A n u r a d h a S h u k l a @ New Delhi GST RATES CUT From 18% to 5% Hand sanitizer From 12% to 5% Temperature check Anti-coagulants like equipment Heparin Remdesivir Medical grade oxygen Gas/ Oxygen concentrator Electric/other Ventilator, ventilator furnaces for mask / helmet BiPAP crematorium machine High flow From 28% nasal canula device to 12% Covid testing kits Ambulances Pulse oximeters From 5% to 0% Tocilizumab Amphotericin B statewide Fresh cases Recoveries june 11 june 12 14,233 13,832 15,355 18,172 173 Deaths NATIONWIDE Fresh cases Recoveries Deaths june 11 91,702 1,34,580 3,403 171 june 12 65,455 1,11,734 3,061 The GST Council on Saturday decided to maintain status quo on tax on Covid vaccines, which will continue to be taxed at 5%. However, the council, which met via videoconferencing to discuss the recommendation by the Group of Ministers (GoM) on essential Covid supplies, slashed rates on medical grade oxygen, Covid testing kits, hand sanitiser and other items used in Covid relief and management till September 30. “Five per cent GST on vaccines continues. The Centre will buy 75% of vaccines as announced earlier and will also pay its GST. However, 70% of income from GST will be shared with states,” Finance Minister Nirmala Sitharaman told media after the GST Council meet. The FM explained that the existing 5% GST on vaccines will To look good, banks write off `1.53-L cr bad loans in FY21 not be a burden on users as the Centre is paying for 75% of the vaccines which are given to citizens free of cost. However, those who go to private hospitals for vaccination will have to bear the cost of GST. The council also removed the 5% tax on black fungus medicine Amphotericin B. Also, the rate on Covid drug Remdesivir has been lowered from 12% to 5%. The council said more medicine will be added if it is recommended by the health department. Sitharaman added that the tax cuts are valid till September 30 this year as against Augustend recommended by the GoM. The timeline may be extended, if required. However, the Council decided against cutting tax on RT-PCR machines, RNA extraction machines, and genome sequencing machines. iNDIAN banks wrote off loans worth `1.53 lakh crore in 2020-21 to show low non-performing assets (NPAs) in their books, an analysis of the numbers released by individual banks show. This is the second-highest amount being written off in a single financial year in the past decade. The highest write-off was in 2018-19 at `2.54 lakh crore. What is worrisome is that loans that have remained bad for years have been erased from the balance sheet of banks at the stroke of a pen. Corporate houses are among the biggest defaulters. Write-offs were high during Q4 of FY21 comprising 55.65% of total NPA written off in the year. Banks were sitting on `1.2-1.4 lakh crore worth unrecognised bad loans as of December 2020, which were identified after the Supreme Court lifted the ban on NPA classification. Yes Bank saw the sharpest surge in write-offs at `17,208 crore in FY21, followed by PNB (`15,877 crore), Bank of Baroda (`14,878 crore), Axis Bank (`13,906 crore), ICICI Bank (`9,608 crore), and Central Bank (`5,992 crore). SBI wrote off `34,403 crore worth of bad loans in FY21. E X P RE S S REA D Women in train: HC names amicus curiae Schools shouldn’t insist on TC: Edu min Kochi: The Kerala High Court has appointed an amicus curiae to assist the court in a case pertaining to the safety of women in train. Advocate R Leela is the amicus curiae. P4 T’Puram: In the wake of reports that some unaided schools did not issue TC to students, General Education Minister V Sivankutty on Saturday made it clear that institutions should not resort to such things. P4 SATURDAY’S RESULTS Turkey lost to Italy 0-3 Wales drew with Switzerland 1-1 Denmark lost to Finland 0-1 Tree felling: ADGP Sreejith to coordinate probe SUNDAY’S MATCHES T’Puram: Crime Branch ADGP S Sreejith will coordinate the special team probing the illegal tree felling case at Muttil in Wayanad district. The team is likely to comprise officers from crime branch, vigilance and forest departments. Intelligence reports have pointed to a larger conspiracy behind the incident. P4 England vs Croatia Close Encounters of Many Kinds ERIKSEN awake after COLLAPSE Denmark’s players escort midfielder Christian Eriksen, centre, as he is evacuated after collapsing on the pitch during their Euro 2020 Group B football match against Finland in Copenhagen on Saturday. Hospital sources said he is stable | AFP PLUS 12 PAGES 6.30 pm Austria vs 9.30 North Macedonia pm WITH THIS ISSUE MONDAY Netherlands vs Ukraine 12.30 am tearful MOMENT MP boy reunites with mom in Kollam, thanks to some good minds & FB s i n d u c h o o d an @ Kollam Madhu and her brother arrived in Kollam by train and Mayor Prasanna Ernest handed Shiva over to them. Everyone was moved by the reunion S Vipin, a volunteer Mayor Prasanna Ernest hands over Shiva Choudary, 19, to his mother Madhu, 34 in Kollam on Saturday. SUFFERING from trauma, Shiva Choudary had forgotten even the name of his mother. However, the moment he saw Madhu, his mother who came all the way from Katni, Madhya Pradesh, to take him back, the 19-year-old instantly recognised her and burst into tears. It was a moving scene for the volunteers who had been taking care of him at a shelter home here. Shiva had left his home eight months ago in search of work to support his family However, the . second wave of Covid upset his plans and he got trapped in Kollam in the lockdown. The police found Shiva, unconscious with bruises all over his body, at a street in Kilikollur and took him to the corporation-run shelter home at the Government Model Boys HSS. Though the volunteers found Shiva’s Aadhaar card in his bag, their efforts to get in touch with his relatives ended in vain. Shiva, who was in shock, could not remember much about himself. He uttered just one name — Smarty Govindraj — occasionally The civil defence volunteers . posted that name, along with whatever details they had gathered from his Aadhaar card, on Facebook. Write-offs in the past 4 yrs Sesa Sen @ New Delhi “The name Shiva kept repeating was that of a relative of his. He had gone to Govindaraj in Chennai looking for work. He does not remember how he reached Kerala. Shiva’s relatives contacted me through Govindaraj. Madhu and her brother arrived in Kollam and Mayor Prasanna Ernest handed Shiva over to them. Everyone was moved by the reunion,” said S Vipin, a volunteer. 2018 2019 K1.44 K2.54 lakh crore lakh crore 2020 2021 K1.45 K1.53 lakh crore lakh crore Loans written off in FY21 State Bank of India K34,403 crore ICICI Bank K9,608 crore Yes Bank K17,208 crore Punjab National Bank K15,877 crore Axis Bank K13,906 crore Bank of Baroda K14,878 crore Central Bank of India K5,992 crore UCO Bank K9,411 crore German citizen staying illegally in dweep: CPM for NIA probe E x p r e s s N e w s Se r v i c e @ Kochi ALLEGING that the Lakshadweep administration is facilitating the illegal stay of a German citizen in Lakshadweep, CPM Rajya Sabha MP Elamaram Kareem has written to Union Home Minister Amit Shah seeking a probe by the National Investigation Agency into the incident that, he alleged, posed a threat to national security . Kareem said Roolam Mosle was arrested by the Lakshadweep police for manipulating entry permit to stay on the island ille gally. Though he obtained anticipatory bail from the Kerala High Court, Mosle violated the bail conditions and is freely roaming around the island at a time when people who raise their voice for democratic rights are being arrested and slapped with sedition charges, he alleged. Kareem said though the Kavaratti police had registered a case against Mosle last year, they neither submitted the chargesheet nor ● More on P5 arrested him.
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