TWITTER HYDERABAD THURSDAY MAY 26, 2022 `9.00 PAGES 16 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 ‘WE HAVE A COST OF LIVING CRISIS’ 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 ■ “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 2026-27 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 A N 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 TV artist and singer Amreen Bhat at her home, the police said | P8 DAVOS BONANZA TS attracts `1,500 crore investments in one day EXPRESS NEWS SERVICE @ Hyderabad THE World Economic Forum (WEF) in Davos has turned out to be the best hunting ground for investments for Telangana. On Wednesday the State has re, ceived a commitment for investments up to `1,500 crore. Among them was the joint announcement by the State government and Stadler Rail of a rail coach manufacturing unit to be set up in Telangana. This investment will be a j o i n t venture between the home-grown Medha Servo Drives Pvt Ltd., and Stadler Rail with the latter being a majority stakeholder in the same. The joint venture will invest about `1,000 crore over a period of two years into the manufacturing centre. This unit is expected to create employment for over 2,500 members from the State. This centre is important to Stadler and Medha Servo as it will be the primary site of manufacturing for their tenders not only from India, but also for their customers across the Asia Pacific (APAC) P2 region. GLOBAL INTEREST Stadler Rail to set up coach manufacturing unit with Medha Servo Drives Pvt Ltd Schneider Electric and Ferring among other investors in the State 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. 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 PLAYING HIDE & SEEK? PLAYING HIDE & SEEK? KCR off to B’luru before Modi lands in Hyd today EXPRESS NEWS SERVICE @ Hyderabad In his verdict, the judge said the prosecution had shown how funds were received from Pakistani establishments, Lashkare-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- 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. 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, identified as Salvador Ramos, 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. “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. There’s a hollowness in P9 your chest.” IN the wake of the intense political battle going on between the TRS and BJP, TRS president K Chandrasekhar Rao has decided to leave for Bengaluru on Thursday a few hours before the arrival of Prime Minister Narendra Modi in Hyderabad. Opponents see this as an apparent move by Rao to avoid receiving the PM. The Chief Minister will return to the State capital only after the departure of Prime Minister to Chennai. This is the third visit of Modi to Hyderabad in the last six months. Rao avoided meeting him on all three occasions. In Bengaluru, the TRS president is expected to confer national politics with octogenarian former prime minister HD Deve Gowda. In Hyderabad, the Prime Minister, besides his official programme at Indian School of Business (ISB), will interact with party leaders which is expected to work like a tonic for the party cadre. The BJP Telangana unit is raring to capture power in the State. In the past, when the Prime Minister visited Bharat Biotech in November 2020, the Chief Minister did not receive him as the PMO did not intimate the Prime Minister’s visit to the CMO. The CM also skipped the Prime Minister’s Muchintal and ICRISAT programmes in February this year. Talasani to receive PM This time, Rao will be leaving for Bengaluru, just hours before the arrival of the Prime Minister. He will leave for the Karnataka capital on Thursday morning while the Prime Minister will arrive at Begumpet airport at 1.25 pm for a two-andhalf hours stay in the city Ani. mal Husbandry Minister Talasani Srinivas Yadav will receive the Prime Minister on behalf of the State government. Modi will have a brief interaction with important BJP leaders at the Begumpet airport where he is expected to discuss the political situation in the State. Later, the Prime Minister will attend the 20th anniversary celebrations of the ISB. After that, Modi will leave for Chennai. Meanwhile, at Bengaluru, Chandrasekhar Rao, would be discussing the current political situation in the country with Deve Gowda, during which the election of the President and other issues may also figure, sources said. P4 No additional borrowing Texas teen guns down 19 children in school in FY23, indicates govt EXPRESS NEWS SERVICE 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 Tex- A woman cries as she leaves the Uvalde Civic Center on Wednesday | AP as, was the deadliest shooting at a US school since a gunman killed 20 children and six adults Dig up TS mosques, look for Shivalingas: Bandi N AV E E N K U M A R TA L L A M @ Karimnagar TAKING forward BJP’s agenda of Hindutva, BJP State president Bandi Sanjay Kumar on Wednesday made no bones about his belief that all mosques have been built after razing temples. “Let us dig up the mosques in Telangana. If there are corpses, they are yours. If there are Shiva lingas, then they are ours,” he said, daring Muslim minorities to take up the gaunt- JAB-O-METER TAKE YOUR SHOT May 24 11,38,116 doses May 25 11,30,219 doses Let us dig up the mosques in Telangana. If there are corpses, they are yours. If there are Shivalingas, then they are ours NATIONWIDE MAY 24 Bandi Sanjay, BJP State president Fresh cases 1,675 2,124 Recoveries Deaths 1,635 31 1,977 17 let, at a surcharged Ekta Yatra programme at Karimnagar organised on the occasion of Hanuman Jayanti. The BJP leader, drawing the attention of AIMIM president Asaduddin Owaisi, asked him to rise to his challenge. “Rama Rajyam will come when we remove the Idgah near Kalabharathi in Karimnagar and the dargah on the premises of Vemulawada temple,” Sanjay CONTINUED ON P4 said. TOTAL DOSES: 1,92,80,09,294 TELANGANA MAY 24 MAY 25 MAY 25 Fresh cases 50 49 Recoveries Deaths 45 0 28 0 fiscal deficit in 2022-23. The source added that the muchTHE Centre may not need ad- awaited GST rates rationalisaditional borrowing in the cur- tion exercise will get delayed rent financial year (FY23) even owing to the inflationary presafter taking a huge financial sures. The GST Council’s 47th hit from the excise duty cut on meeting will be held in the secpetrol and diesel and the new- ond half of June. ly announced cooking gas subHowever, despite inflation sidy for the poor. continuously remainAccording to sourc- Coal-centric ing above the RBI’s es, the Centre will energy policy upper tolerance limit stick to the borrowof 6%, there are no Coal will ing calendar set for continue to meet plans to revise the FY23. The reduction medium-term inflabulk of the in excise duties will power needs as it tion target (4% pluscause an annual loss minus 2). is difficult to of `1 lakh crore to the make a transition The source clarigovernment, while to clean energy fied that the rupeethe subsidy on cookrouble trade mechadue to supply ing gas will put an ad- constraints amid nism is very much on ditional burden of the table. “The Indian geopolitical `6,100 crore a year. government will contensions, “At the moment, it tinue to buy cheaper government doesn’t seem we need oil from Russia. Talks sources said extra capital. So, we on rupee-rouble trade will be sticking to the borrow- are still going on with Russia. ing calendar fixed for FY23. If The Centre has not yet finalthere will be a shortfall in the ised the discount.” capex, then we will withdraw Also, privatisation of two the funds from the Consolidat- public-sector banks will be ed Funds of India,” a govern- completed in the current year ment source said. as part of disinvestment plans. The government has budg- The government will dilute its eted for `16.6 lakh crore bor- stake in these banks from 51% rowing accounting for a 6.4% to 26%, the source added. M O N I K A YA DAV @ New Delhi Farmers block Hyd-W’gal highway, demand scrapping of land pooling GO U M A H E S H @ Warangal INCENSED over the State government’s attempts to acquire their lands under the Land Pooling Scheme, farmers staged a protest on National Highway (NH) 163 between Arepally and Naskal villages in Jangaon district on Wednesday . About 100 farmers staged a sit-in on the highway and they demanded that the GO 80 (A) issued for acquisition of land be scrapped forthwith. The agitation led to a dislocation in the movement of vehicular traffic b e t we e n H yd e r ab a d a n d My family has been ploughing this land for three generations. This is our livelihood. How can the government simply take away our lands? Bommineni Ravinder Reddy, a farmer from Raghunadhpally in Jangaon Warangal for more than an hour. The farmers are opposed to surrendering their lands to the Kakatiya Urban Development Authority (KUDA) for laying an Outer Ring Road (ORR) and for other development works in Warangal, Hanamkonda and Jang aon districts. On Wednesday, the farmers led by Hanamkonda BJP dis- trict president Rao Padma and BJP State spokesperson Anugula Rakesh Reddy staged the protest as a survey was going on for acquisition of their lands despite the protests they staged in the past. “We are in agony. Our lives and lands are at stake. The government is trying to take our lands by force in the name of land pooling. We demand that Farmers stage a sit-in protest on National Highway 163 between Arrepally and Naskal villages in Jangaon district on Wednesday the GO 80 (A) be scrapped immediately,” said Thagedu Prabhakar, a far mer from Arepally village. As the agitation continued without any end in sight, the police intervened and cleared the highway after arresting the demonstrators. Later speaking to the media, Telanagana BJP spokesperson Rakesh Reddy said: “We are demanding that the GO be scrapped. KCR is not bothered about the plight of farmers but is ready to hand over financial assistance to farmers of other States.”
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