CWG wrestling: Vinesh Phogat, Sumit claim gold; Sakshi settles for bronze

Agencies
April 14, 2018

Gold Coast, Apr 14: There was no stopping the gold rush in wrestling as two more were added to the tally by Vinesh Phogat (50kg) and Sumit (125kg) but Olympic bronze-medallist Sakshi Malik (62kg) had to be content with a third-place finish in the Commonwealth Games on Saturday.

Adding another bronze to the count was Somveer, in the 86kg category. India signed off their wrestling campaign at the Games with five gold, three silver and four bronze medals.

The overall count was one less than the medals achieved in the 2014 edition of the Games but India kept their gold medal count at five, the number they achieved the last time.

The weight categories of both Sakshi and Vinesh were competed on a round-robin format as the number of competitors in the draw were less than six.

Sakshi went out of the gold medal contention in the first round itself after losses to Canada's Michelle Fazzari and Nigeria's Aminat Adeniyi following a win over Cameroon's Berthe Ngolle.

But she gathered herself after the setback to defeat New Zealand's Tayla Ford 6-5 in a close bout to avoid going without a medal. The heartbreak of missing the gold left her in tears during the medal ceremony.

"I am so disappointed, I should have won a gold medal and I have to settle for a bronze. It will be another four years before I can make this right. I could not get what I expected of myself," she told PTI, wiping away her tears.

"I had a bad second bout because I thought I was winning till the last few seconds but then I lost and it destroyed my composure, I could never recover from that," she said referring to her defeat at the hands of Canadian Michelle Fazzari. The final scoreline read 8-11.

Asked what's next for her in the calendar, Sakshi said, "Next for me is the Asian Games and I will prepare hard for it."

However, Vinesh continued her tremendous comeback to big-ticket wrestling. The 23-year-old, who had sustained a career-threatening injury during the Rio Olympics, was in complete control of proceedings from her first bout.

She ultimately did what her cousin Babita could not do and claimed a second successive gold medal at the Games. The Indian won two of her three bouts on technical superiority, raising to 10-point leads before her rivals could open their accounts.

Sumit, on the other hand, competed in three bouts but didn't have to fight it out in the gold medal bout after his Nigerian rival Sinivie Boltic pulled out citing an injury sustained earlier in the day.

Sumit found himself in slight controversy after his second-round rival -- Korey Jarvis of Canada -- accused him of biting his hand during the bout. Jarvis' hand was heavily bandaged after the bout and he accused Sumit of being responsible for it.

"I don't think it would've made me win but there was no need to poke me in the eye or bite me. It happens a lot with Indian guys. They poke a lot and they bite, but it's part of the sport," Jarvis said.

Sumit, however, denied the charge.

Later, in the last India bout of the day, Somveer ensured that it ended on a bright note as he clinched the 86kg category bronze.

Somveer rallied from a 1-3 deficit to defeat Canadian Alexander Moore in the play-off bout.

Earlier, double Olympic-medallist Sushil Kumar, Rahul Aware and Bajrang Punia had picked up gold medals for India on the first two days of the competition.

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News Network
February 4,2020

New Delhi, Feb 4: The investigation into the incident of violence at Jamia Millia Islamia during an anti-citizenship law protest was at a crucial stage, the Centre told the Delhi High Court on Tuesday.

The submission before a bench of Chief Justice D N Patel and Justice C Hari Shankar was made by Solicitor General Tushar Mehta while seeking more time to file a report regarding the probe.

Taking note of the submission, the bench granted the Centre time till April 29 to file a reply.

During the hearing, senior advocate Colin Gonsalves, appearing for some students of Jamia, said 93 students and teachers filed complaints about alleged attacks on them by police but no FIR has been filed against the agency till date.

The other lawyers for the petitioners alleged that the government has not complied with the court order to file a response within four weeks of the last date of hearing on December 19.

The bench, however, declined to pass any interim order and granted time till April 29 to the government to file a reply.

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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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News Network
May 13,2020

Riyadh, May 13: Saudi Arabia’s cabinet on Tuesday urged oil-producing nations not only to adhere to agreed cuts to production, but further reduce output to help restore balance in global oil markets, state news agency SPA reported.

In issuing the call to OPEC+, which includes members of the Organization of the Petroleum Exporting Countries plus Russia and other nations, ministers said the Kingdom is committed to supporting the stability of global oil markets.

After the meeting, acting Minister of Media Majed Al-Qasabi said that in addition to its commitment to the OPEC+ agreement, the Kingdom will voluntarily reduce output by an additional 1 million barrels a day in June. It will also try to implement additional cuts this month, with the consent of its customers, he added.

The cabinet said the Saudi initiatives aim to encourage other countries, whether they have signed up to the OPEC+ agreement or not, to adhere to its reduced rates and to cut output even further to help stabilize global oil markets.

During the cabinet meeting, which was conducted using video conferencing, King Salman also briefed ministers on his recent telephone conversation with US President Donald Trump. He said they affirmed the historical and strategic relationship between the two countries and their commitment to the continuation of joint efforts to enhance security and stability in the region.

Ministers were then updated on the latest developments in the corona virus crisis, including the steps being taken locally and internationally to control it and safeguard public health, the number of cases in the Kingdom and the care being provided to those who are infected. They also reviewed details of the active screening and testing programs in all parts of the country, which have helped to keep the number of deaths relatively low compared to global rates.

The cabinet praised the efforts being made by government officials to combat the pandemic, and stressed that citizens and expatriates must abide by the precautionary and preventive measures introduced to prevent the spread of the virus.

Ministers described the decision by Saudi Arabia to host the Pledging Event for the Humanitarian Crisis in Yemen 2020 on June 2 as an extension of the Kingdom’s humanitarian and development contribution, which reflects its pioneering role in supporting its neighbor.

The cabinet also welcomed the formation of the new government in Iraq and reiterated Saudi Arabia’s support for the nation and its readiness to work with the new administration to strengthen relations and enhance security and stability in the region.

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