$ FIIs pull out $21 billion from India so far in 2022 Source: NSDL Highest ever sale by foreign investors Foreign institutional investors are exiting India as they find US and European markets, with rising interest rates, more attractive May* 17,144 * Till May 24 April March February THRISSUR l wednesday l may 25, 2022 l `9.00 l PAGES 12 l city EDITION January BIG PULLOUT 34,966 41,123 35,592 Outflow (H crore) 33,303 Total 1,62,128 So far in 2022 (calendar year), FIIs have pulled out a whopping $21.3 billion (H1.62 lakh crore) from India, making it the highest ever net sale by foreign investors in Indian stock markets in less than five months. It has also dragged half the Nifty 50 shares into a bear market. A financial asset slips into a bear market when it falls more than 20% from its recent highs ■ A52,987 cr Selling spree likely to continue ■ Analysts expect FIIs to continue their selling spree, at around H32,000-33,000 crore a month, till the US Fed pauses rate hikes Meanwhile, fund flows into domestic equities via participatory notes (P-notes) rose to H90,580 crore in April from H87,979 crore in March as investors shifted base from China to India | P10 Amount pulled out by fiis FROM INDIA DURING THE 2008 FINANCIAL CRISIS CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOgGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI CPM sees red at timing of survivor’s petition E x p r e s s N e w s Se r v i c e @ Kochi BJP fumes as Rahul meets known India baiter Corbyn THE survivor’s petition in the High Court alleging high-level political interference to derail the probe in the actor abduction and sexual assault case has sent ripples in Thrikkakara bypoll with CPM crying foul over its timing. CPM state secretary Kodiyeri Balakrishnan and LDF convenor E PJayarajan alleged on Tuesday that the petition was aimed at helping the UDF in the byelection. Chief Minister Pinarayi Vijayan assured the survivor that she will get justice and reminded her how the police ensured punishment for the guilty in Jisha, Uthara and Vismaya cases. war of words The petition is filed at a time when campaigning for the (Thrikkakara) bypoll is at its peak. Nobody has complained about lapses in the police investigation CPM leaders are adding to the trauma of the survivor. The government claims to be running with the hare, but it is actually hunting with the hound The government had made strong interventions in the probe from the very start. If the state was not under the LDF rule, the accused would have walked free E P Jayarajan, LDF convener V D Satheesan, Leader of Oppn Pinarayi Vijayan, CM Pinarayi said the allegations of interference in probe were part of a misinformation campaign unleashed by the UDF due to fear of mann sacks his Corrupt minister E x p r e ss N e ws Se r v i c e @ New Delhi CONGRESS leader Rahul Gandhi’s meeting with British MP Jeremy Corbyn, who is known for his ‘anti-India’ views, in London has snowballed into a controversy back home. Rahul, who is on a visit to the UK, had met Corbyn on Monday and the Indian Overseas Congress shared a photo of the two along with Sam Pitroda, a close aide of the Gandhis. Demanding a clarification from the Congress, the BJP on Tuesday alleged the photo is Rahul’s endorsement of Corbyn’s position on Kashmir. “Rahul Gandhi meets UK MP and Labour leader Jeremy Corbyn who is known for his hatred and dislike for India, advocates Kashmir’s secession. Or how long and how much one can go on against one’s own country tweeted Union minis,” ter Kiren Rijiju. BJP’s national spokesperson Gaurav Bhatia said Rahul is a leader whose statement was once quoted by Pakistan in the dossier submitted to the UN against India. “The picture in which Rahul Gandhi is seen with Corbyn shows how Gandhi scion loves to be with those who nurture anti views against India”, Bhatia said. Defending the meeting, Congress chief spokesperson Randeep Surjewala said there is nothing unsual in political leaders having divergent meeting. EXPRESS READ Pawar: BJP raking up new communal issues Kochi: The BJP is trying to create new communal issues across the country even after the Ayodhya dispute was settled, NCP national president Shard Pawar has said. Raking up the Gyanvapi mosque issue in Varanasi is one such attempt, he said. “The BJP is trying to disrupt religious harmony in the country. The communal forces have a free run in the country under their regime,” he said. P5 defeat in Thrikkakara. “The verdict in Vismaya case underscores the relentless efforts of the LDF government in ensuring safety of H a r p r ee t B a j w a @ Chandigarh Prime Minister Narendra Modi and US President Joe Biden during a bilateral meeting on the sidelines of the Quad Summit in Tokyo on Tuesday | AFP India-US thrust on critical and emerging tech Want our ties to be closest on earth: Biden Ye s h i Se l i @ New Delhi Amid US President Joe Biden assuring Prime Minister Narendra Modi during their meeting in Tokyo that he is committed to make the bilateral partnership the closest on earth, the two sides announced the launch of a new initiative on critical and emerging technologies (iCET) by their respective National Security Councils. India also joined the Combined Maritime Forces (CMF) based in Bahrain as an associate member. The CMF is a naval coalition of over 30 countries that upholds rules-based order by countering non-state actors on the high seas and promoting security, stability and prosperity across the world’s most important shipping lanes. A White House readout of the talks said both also noted the es- tablishment of the Indo-Pacific partnership for maritime domain awareness, which plays a critical role in economic security and responding to humanitarian crises. “There is so much our countries can do together and I am committed to make the IndiaUS partnership the closest on earth,” Biden said. Both leaders reviewed the progress made in the India-US Comprehensive Global Strategic Partnership wherein they are committed to strengthen their defence partnership and collaborate on health and pandemic preparedness. “Even though trade and investment between the two countries is expanding it still is much below our potential, the India-US Strategic Partnership is a partnership of trust. Our shared values and our common interests...have strengthened the bonds of this trust,” Modi said. Giving a dramatic push to probity in public life, Punjab Chief Minister Bhagwant Mann on Tuesday sacked his health minister Dr Vijay Singla and got him arrested for seeking cut money for awarding government contracts and clearing payments. Singla was later produced before a local court, which remanded him in three-day police custody . For his part, Singla said, “It is conspiracy to defame the AAP and Bhagwant Mann government.” Both Singla and his Officer on press Intake Excise dept’s ‘Unarv’ to keep students away from drugs | P2 Popular Front says child’s hate slogan was against RSS | P5 ‘SilverLine: No stone laying in lands of people who oppose’ | P5 Vaxx drive for children above 11 years from today | P5 Old wine in new bottle: Congress gets old faces to handle 2024 poll strategy | P7 Kiran sentenced to 10 yrs in jail, Vismaya’s kin to appeal E x p r e s s N e w s Se r v i c e @ Kollam S Kiran Kumar, 31, convicted in the sensational Vismaya case for abetting his wife to suicide by harassing her over dowry, was on Tuesday sentenced to 10 years in prison and fined `12.55 lakh. Vismaya’s mother Sajitha said she will appeal the verdict at the Supreme Court. Pronouncing the quantum of sentence, Kollam Additional Sessions Court Judge Sujith K N sentenced Kiran to 10 years in jail for the offence under IPC sections 304(B) (dowry death), six years and `2 lakh fine under 306 (abetment to suicide) and two years and `50,000 fine under 498A (dowry harassment). Kiran was awarded six years’ jail term and `10 lakh fine under Dowry Prohibition Act Section 3 and one-year jail term and `5,000 un● More on P4 der Section 4. A12.55 L S Kiran Kumar has been ordered to pay as fine by the court. Of that, H2 lakh has to be shared with Vismaya’s parents as compensation PRIDE IN PRACTICE SOCIETY Doctors to prepare protocol for trans care P o o j a N a i r @Kozhikode APART from the social stigma and struggle to find a space, it’s the health issues that often push the members of the transgender community into depression and, in some cases, suicide. While it may still take many years for society to be inclusive, a few doctors have come women. The government had made strong interventions in the investigation of the actor abuse case from the very beginning. If the state was not under the LDF rule, the accused would have walked free. The arrest of the key accused made it clear that the government will not succumb under pressure. Police did not hesitate to arrest the key accused and the government has given a free hand to the police to continue with the investigation,” he said. The CM reminded the survivor that all her demands, including establishing a special court for trial, appointment of a woman judge and a prosecutor of her choice were accepted, he said. ● More on P4 together under the banner of ‘Pride in Practice Society’ to prepare a detailed protocol for gender care, especially in doing the sex reassignment surgery (SRS). The operation helps align the body to the gender that a person identifies with. Currently, the state’s healthcare providers have no guideline in gender affirmative care. The society will conduct workshops across of the state to gather inputs regarding the protocol from medical experts and members of the transgender community The first such workshop was . held in Kozhikode on Tuesday in which more than 100 experts and transgenders came together to express concerns regarding the current challenges in the medi● More on P4 cal sector. A group of people who are marginalised by society do not get this kind of care for many reasons. LGBTIQA+ is one such community Dr Arjun P C, secy, PPS Special Duty (OSD) Pardeep Kumar were booked by the police under the Prevention of Corruption Act based on a complaint from Rajinder Singh, Superintending Engineer in the Punjab Health Systems Corporation. The FIR said Singla’s OSD Kumar had demanded that the officer fetch 2% commission for a construction contract worth `41 crore the minister had already cleared and for a separate payment of `17 crore made to contractors in March. Since the total amount involved was `58 crore, 2% works out to `1.16 crore. Whistleblower’s dramatic plaint About a month ago, Rajinder Singh, Superintending Engineer in Punjab Health Systems Corporation, was called by Pardeep Kumar, OSD to Singla (pic), to room number 203 of Punjab Bhavan Singla was in a hurry to leave, but told the officer to fully trust Kumar. “Whatever Kumar says is what I intend to say,” he assured and left Kumar mentioned allotments of construction works worth L41 crore and a separate L17 crore already paid to contractors in March The officer refused and requested that he be sent back to his parent department. He is due to retire on November 30
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