tirupati l thursday l may 26, 2022 l `9.00 l PAGES 12 l late city EDITION ‘Advanced economies to be back on track by 2024’ However, developing economies will be 5% below where they would have been otherwise, according to IMF’s Gita Gopinath There have been Divergent recoveries Speaking at a special session on ‘What next for global growth?’ during the World Economic Forum Annual Meeting 2022 on Wednesday, Gopinath said there have been very divergent recoveries around the world. The First Deputy Managing Director of the International Monetary Fund also noted that the war in Ukraine has been a major setback to the global recovery ■ 2026-27 ‘We have a Cost of living crisis’ “We had a serious downgrade to the global growth rate and the world continues to face headwinds because we have a cost of living crisis. Prices of commodities including fuel and food are going up around the world,” she said, adding that central banks are trying to tackle such high inflation by raising interest rates By WHEN India WILL Become A $5-TrillioN ECONOMY, ACCORDING TO IMF’s REVISED DATA 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 It is among the gravest of offences, says NIA court, wants verdict to serve as deterrent to those drawn to violence lifer to Malik for funding terror in J&K An k i ta U pa d h yay @ New Delhi Jailed Kashmiri separatist leader Yasin Malik being escorted by police officers to a special court in New Delhi for sentencing on Wednesday | Parveen Negi Woman tv artiste shot dead in kashmir In another targeted attack, terrorists on Wednesday killed a woman TV artist and injured her 10-year-old nephew in Chadoora in central Kashmir’s Budgam district. Around 7.55 pm, they shot dead a woman TV artist and singer Amreen Bhat at her home, the police said Texas teenager guns down 19 schoolchildren, shot dead E x p r e s s N e w s Se r v i c e In one of the worst mass murders in a school in America, an 18-year-old in body armour gunned down 19 children and two teachers at an elementary school in Texas state on Wednesday The dead students . of the Robb Elementary School were aged between 7 years and 10 years, the police said. The massacre in the heavily Latino town of Uvalde in Texas, was the deadliest shooting at a US school since a gunman killed 20 children and six adults at Sandy Hook Elementary in Newtown, Connecticut, almost a decade ago. The teen opened fire around 11.30 am local time before he was killed by law enforcement officers. The assailant had turned 18 this month. Soon after, he bought his guns legally — one AR-style rifle from a licensed gun dealer in Uvalde on May 17; 375 rounds of ammunition the next day; and a second rifle on May 20, officials said. The needless blood-letting brought the easy access to firearms in the US market to the front burner, since the powerful gun lobby has blocked all attempts check its proliferation. “Where in God’s name is our backbone to have the courage to deal with and stand up to the lobbies?’ President Joe Biden wondered. “How many scores of little children who witnessed what happened seen their friends die as if they’re on a battlefield, for god’s sake,” he said. “To lose a child is like having a piece of your soul ripped away .” The killer was identified as Salvador Ramos. His motive was unclear. Observing that funding is the backbone of any operation, including terror, and is among the gravest of offences, a special National Investigation Agency court on Wednesday awarded life imprisonment to separatist leader Yasin Malik in a 2017 case related to terror funding and secessionist activities in the Kashmir Valley . The sentence also aimed to “serve as deterrence for those who seek to follow a similar path,” special NIA judge Parveen Singh warned. In Srinagar, there was stray violence after the verdict. Malik’s family members and neighbours staged a protest in at Maisuma, which is where he hails from. The youth of the area, too, resorted to sloganeering and pelted stones on the security personnel, who fired tear gas shells to disperse them. All shops in Lal Chowk, Maisuma and downtown Srinagar remained shut with security forces stepping up vigil. Also, mobile internet was suspended in Kashmir as a precautionary measure. In his verdict, the judge said the prosecution had shown how funds were received from Pakistani establishments, Lakskare-Toiba founder Hafeez Saeed and through other hawala operations. “It is these funds that were used to create unrest where under the guise of public protests, paid terror activities of stone pelting and arson at mass scale were committed,” the verdict said. Malik had earlier pleaded guilty of all charges, including those under the Unlawful Activities (Prevention) Act, in the terror funding case. “In my considered opinion, it is high time that it is recognised that terror funding is one of the gravest offences and has to be punished more severely ,” the judge said. Malik was produced before the court amid high security, and awarded the life sentence, apart from a fine of `10 lakh. While the NIA sought capital punishment, the amicus curiae (friend of court) sought life imprisonment, the minimum punishment in the matter. On May 10, Yasin had said he would not contest charges lev- No reform, says judge “When he claimed to have given up the path of violence after the year 1994, the government...gave him an opportunity to reform, and in good faith, tried to engage in a meaningful dialogue with him, and as admitted by him, gave him every platform to express his opinion,” Special Judge Praveen Singh said. However, Malik did not desist from violence, he observed elled against him — Section 16 (terrorist act), 17 (raising funds for terrorist act), 18 (conspiracy to commit terrorist act) and 20 (member of terrorist gang or organisation) of the UAPA and sections 120-B (criminal conspiracy) and 124-A (sedition) of the Indian Penal Code. The court rubbished Malik’s contention that he was following Gandhian principles of non-violence, saying despite large scale of violence in the Valley he never condemned it. , In the Mahatma’s principles, there was no place for violence, howsoever high the objective, the judge said, adding: “It only took one small incident of violence at Chauri Chaura for the Mahatma to call off the entire non-cooperation movement but the convict despite the large scale of violence engulfing the Valley neither condemned the violence nor withdrew his calendar of protest which had led to the said violence.” Criticising the verdict, the Gupkar Alliance called it unfortunate and a setback to peace efforts. It suggested that he avail of all legal opportunities to contest the verdict. Vizag will be hub for unicorn start-ups: CM E x p r e s s N e w s Se r v i c e @ Vijayawada On day four of the World Economic Forum (WEF) at Davos, Chief Minister YS Jagan Mohan Reddy interacted with the representatives of start-ups and assured them all support to make the City of Destiny a hub for unicorn start-ups. Jagan held talks with BYJU’s Vice-President (Public Policy) Susmit Sarkar, CoinSwitch Kuber Founder and Group CEO Ashish Singhal, EaseMyTrip Co-Founder Prashant Pitti, Meesho Founder and CEO Vidit Atreya and Coursera Vice-President Kevin Mills. In a bid to give a boost to start-ups in the State, particularly in Vizag, Jagan said, “Our government is resolved to make Vizag as the hub of start-ups. So, we invite you (start-ups) to set up your business here.” Elaborating on the policy decisions that would be taken to establish the start-ups, the CM assured the representatives of all resources. BJYU’s VP Susmit said the ed-tech firm would extend full No additional borrowing in FY23: Govt sources The government has budgeted for `16.6 lakh crore borrowTHE Centre may not need ad- ing accounting for a 6.4% fiscal ditional borrowing in the cur- deficit in 2022-23. rent financial year (FY23) even The source added that the after taking a huge financial hit much-awaited GST rates rafrom the excise duty cut on pet- tionalisation exercise will be rol and diesel and the newly an- delayed owing to the inflationnounced cooking gas ary pressures. The Coal-centric GST Council’s 47th subsidy for the poor. According to sourc- energy policy meeting will be held in es, the Centre will the later in June. Coal will stick to the borrowing However, despite incontinue meet calendar set for FY23. flation continuously bulk of the The reduction in ex- power needs as it remaining above the cise duties will cause RBI’s upper tolerance is difficult to an annual loss of `1 make a transition limit of 6%, there are lakh crore to the gov- to clean energy no plans to revise the ernment, while the medium-term infladue to supply subsidy on cooking constraints amid tion target. The source gas will put an addiclarified that the rugeopolitical tional burden of pee-rouble trade mechtensions, `61,000 a year. anism is very much on government “At the moment, it the table. “The Indian sources said doesn’t seem we need government will conextra capital. So, we will be tinue to buy cheaper oil from sticking to the borrowing cal- Russia. Talks on rupee-rouble endar fixed for FY23. If there trade are still going on with will be a shortfall in the capex, Russia. The Centre has not yet then we will withdraw the finalised the discount.” funds from the Consolidated Privatisation of two public Funds of India,” a government sector banks will be completed source said. in the current fiscal. M o n i k a Ya dav @ New Delhi support to the education sector in the State, adding that they would set up a research and development center and provide BYJU’s curriculum to the students. Ashish Singhal of CoinSwitch, discussed with the CM ways of providing technology to secure records of comprehensive land survey in AP . Jagan also discussed with EaseMyTrip’s Prashant Pitti about developing tourism sector in the State. The latter assured to provide support in promoting tourism in a big way . Over 1,500 police personnel were deployed across Amalapuram town I Express Riots leave A’puram residents in disbelief resumed operations by 10 am. Apart from hotels and UNEASY calm prevailed in other establishments where Amalapuram even as life congregation of people was limped back to normalcy a possible, other businesses day after violent incidents were allowed to reopen. over the renaming of KonaPolice did not allow people seema district after Dr BR to gather at public places as Ambedkar left the peace-lov- CrPC Section 144 was still in ing citizens shocked. place. “We have never seen such “No one expected that violence before. We are there would be any objection known for being to the renaming of politeness and rethe district after spectful. We susBR Ambedkar. The pect that outsiders attacks seemed to fomented trouble,’’ Ground Zero be pre-planned,’’ G S Venkata Ramu, a Srinivasa Rao, an resident told TNIE. apartment watchman said. A violent mob on Tuesday Sporadic instances of conhad set ablaze the houses of flicts had been reported beTransport Minister Pinipe tween the SCs and BCs and Viswarup and Mummidivar- Kapus, but the violence came am MLA Satish, and several as a rude shock to the citivehicles. zens. While the population Authorities suspended in- of BCs and SCs is almost ternet services to prevent ru- equal, Kapus have been conmours. RTC bus schedules, sidered to be a dominant which were halted last night, community . S T r i m u r t h u l u @ Amalapuram Political slugfest The CM has become desperate after his party MLC’s involvment in a Dalit’s murder and hsi regime’s failures. YSRC activist Annam Sai is behind the violence. K Atchannaidu, TDP State president It might be a political conspiracy by YSRC. The govt’s malafide intentions were clear as it gave 30 days for raising objections and suggestions so as to provoke the people Pawan Kalyan, Jana Sena chief There are political elements involved in the attacks carried out at the behest of TDP and JSP and that was why the violence spread quickly. Witnesses said at least 200-300 persons were carrying petrol cans and bottles - Sajjala Ramamkrishna Reddy, YSRC general secy CM Jagan with EaseMyTrip Co-Founder Prashant Pitti at Davos I Express express read By-election in Atmakur constituency on June 23 Driver’s murder: YSRC suspends MLC Bhaskar Vijayawada: By-election to Atmakur Assembly constituency in Nellore district will be held on June 23. The bypoll was necessitated following the sudden demise of former minister Mekapati Goutham Reddy in February. The ECI has issued the schedule for the Atmakur bypoll on Wednesday. The ruling YSRC is expected to field Mekapati Vikram Reddy, the former minister’s younger brother | P5 Vijayawada: MLC Ananta Udaya Bhaskar, accused in the murder case of his former car driver, Subramanyam, was suspended from the YSRC. As per the directions of party president YS Jagan Mohan Reddy, Ananta Babu was suspended from the party in view of the police announcing that the MLC confessed that he was responsible for the death of his former car driver, a press release from the YSRC said. After arresting 46 people, police hunt for 75 more E x p r e s s N e w s Se r v i c e @Amalapuram Police have arrested 46 persons for their alleged involvement in Tuesday’s violence at Amalapuram in Konaseema district. Another 75 people involved in the riots have been identified through CCTV and video recordings. At least 1,500 police personnel from Visakhapatnam, Kakinada, Eluru and other districts have been posted in Amalapuram to monitor the situation. Seven cases were registered, including three under non-bailable offences for setting RTC buses on fire. Besides some unidentified persons who pelted stones at Rajamahendravaram SP Aiswarya Rastogi’s vehicle at Ravulapalem on Wednesday, no incidents of protest or violence were reported in the district. The men were arrested immediately . man-animal conflict Wild elephant tramples Chittoor farmer to death E x p r e s s N e w s Se r v i c e @ Chittoor A wild elephant trampled a farmer to death when he was asleep in his farm at Indira Nagar in Palamaner mandal of Chittoor district early on Wednesday . The deceased has been identified as Yanadi Subrahmanyam, a farmer from Indiranagar. An elephant reportedly trampled him while he was asleep in his field, leading to his immediate death. It has been learnt that villagers could not retrieve his body for quite some time as a herd of wild tuskers was moving in the vicinity They . informed the police and the forest officials regarding the incident. They rushed to the spot and managed to re- trieve Subrahmanyam’s body from the field. The incident, third in the district in the last two months, triggered the villagers who staged a sit-in on the highway. They alleged that the forest department had failed to take action despite several elephants foraying into the district from the forests of the neighbouring states. They demanded the district collector to look into the issue. However, the protestors dispersed after police personnel pacified them. On March 31, a herd of elephants trampled a 52-year-old farmer to death at Thanjavur village in Yadamari mandal. Another 38-year-old farmer was killed in an attack by another herd at a remote village in Sadum mandal.
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