After Emotional Appeal, Sunil Chhetri Scores Brace in India's 3-0 Win Against Kenya

Agencies
June 5, 2018

Mumbai, Jun 5: Captain Sunil Chhetri couldn't have written a better script for his 100th international game as he struck twice to power India into the final of the the Intercontinental Cup with a convincing 3-0 win over Kenya here on Monday evening.

Chhetri controversially earned a penalty and broke the deadlock in the 68th minute while Jeje Lalpekhlua doubled the home team's lead with his pile driver in the 71st minute.

Chhetri ended it in the best possible manner, scoring in the stoppage time (90+1) off a Balwant Singh assist, as fans went berserk.

The outpouring of emotion over the last two days was followed by a heavy downpour, which threatened to play spoilsport. Puddles of water had formed in the field of play and what followed was a scrappy first half.

As the rain stopped, the groundsmen worked hard to get the water off the field throughout the half-time interval. The talismanic Chhetri will remember the groundsmen's efforts, which probably saved the landmark game from turing into an anti-climax.

After the game, the Blue Tigers walked up to the fans and acknowledged their presence, with Chhetri taking his players for a lap of honour as his proud family savoured the moment from the stands.

"If this is the kind of turnout that is going to come to watch us, we can give our lives on the pitch," an emotional Chhetri said after the match.

While the Kenyans looked better in the first half and had territorial advantage despite unfamiliar conditions, India hit back strongly after the break and looked to score.

The home team's intent bore fruit as it slammed in two goals in three minutes.

While the first half saw passes dragging along the field, and the ball not bouncing, the period of play after the break was a far cry.

Long ball was the way to go, but India managed to string together a few short passes and moves, too.

The moment the Mumbai Football Arena was waiting for arrived when Chhetri earned a contentious penalty when he fell inside the box while trying to chest down a delivery from wide right.

After a delay over protests by the Kenyan players, Chhetri shot on the left side of the goalkeeper, who got a hand to it but could not stop the ball.

The crowd went jubilant and there was more to follow as Jeje unleashed a pile driver off a rebound into the top corner from the edge of the box.

Befitting the occasion, Chhetri gave India another goal as he scored following a link-up with substitute Balwant Singh. The goal meant a lot to the skipper as he went over to the fans to celebrate.

Chhetri had issued to a rallying call to the fans, and they turned up in numbers to mark a special night for the captain and his team. The official total attendance was 8890 in the stadium that can accommodate around 10500 people.

Coach Stephen Constantine started with an unchanged XI, two days after the 5-0 demolition of Chinese Taipei.

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News Network
April 14,2020

Karachi, Apr 14: Disappointed with Kapil Dev's response, Pakistan's Shahid Afridi has backed his former teammate Shoaib Akhtar's proposal for an ODI series against India to help raise funds for the less privileged in their fight against the COVID-19 pandemic.

Afridi told reporters in Kohat that he was surprised by the comments of Indian great Kapil and former IPL chairman, Rajeev Shukla, who outrightly dismissed Akhtar's suggestion.

"The entire world is fighting against coronavirus and we need unity in our region to defeat this common enemy. Such negative comments don't help at all," Afridi said.

"I don't see anything wrong with Shoaib Akhtar's suggestion for Pakistan and India to play cricket.

"Kapil's reaction has surprised me. I expected better from him and feel one should not talk like this in these crisis times."

Afridi said that he was also surprised at some of the "negative comments" Indian stars Harbhajan Singh and Yuvraj Singh's support for his charity foundation attracted.

"Sport is supposed to bring people together and build bridges. It is pretty disappointing."

Afridi also urged Prime Minister Imran Khan to order the Pakistan Cricket Board (PCB) to restore departmental cricket in the country to save the livelihood of hundreds of domestic players.

"I myself played for the departments and witnessed how departments really salvaged domestic cricket in Pakistan and helped it thrive decade after decade.

"Departments take good care of the players and spend lots of money on the development of domestic cricket, so how can departmental cricket hurt Pakistan cricket," questioned Afridi.

He also questioned the PCB and the Pakistan team management for making a fitness of players a big issue.

"They are always talking about hard training and fitness tests. I have never seen fitness tests taken with such frequency and the result is that many players are getting injured and many of them are also unhappy with the situation."

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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