Pandya, Rahul suspended pending inquiry

Agencies

January 11, 2019

New Delhi, Jan 11: Indian cricketers Hardik Pandya and K L Rahul were Friday suspended pending an inquiry into their outrage-evoking comments on women during a TV show, the Committee of Administrators (CoA) chairman Vinod Rai told PTI.

The cricketers, who have been in the eye of a storm following their sexist remarks on 'Koffee with Karan', will be returning from Australia where they were to compete in an ODI series starting Saturday.

The two had been omitted from the line-up for the opening match in Sydney.

"Both Pandya and Rahul have been suspended pending an inquiry," Rai said.

The decision comes after Rai's CoA colleague Diana Edulji Friday recommended suspension till further action against the two after the BCCI legal team refused to declare their comments a violation of the code of conduct.

Edulji had initially suggested a two-match suspension for the duo but referred the matter to the legal cell after Vinod Rai agreed with her and recommended the same.

"It is imperative that players be put under suspension till further course of action is decided for this misconduct as was done in case of (BCCI) CEO (Rahul Johri) when he was sent on leave on sexual harassment matter," read Edulji's response to the legal opinion which is in possession of PTI.

Their remarks on the show were also condemned by India captain Virat Kohli, who called them inappropriate.

Pandya had boasted about hooking up with multiple women and being open about it with his parents during the interview. Rahul was, however, a shade more restrained in his responses on relationships.

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Moody's has rated PM Modi's handling of India's economy a step above 'junk': Rahul Gandhi

News Network

June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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Finance Minister announces Rs 3 lakh crore collateral free automatic loan for businesses

Agencies

May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

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Fully automatic loan..... not reachable to poor needy......

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Coronavirus is now spreading at the fastest pace in India

Bloomberg

July 27,2020

New Delhi, Jul 27: India’s coronavirus epidemic is now growing at the fastest in the world, increasing 20% over the last week to more than 14 lakh confirmed cases, according to Bloomberg’s Coronavirus Tracker.

Infections in the South Asian nation of 130 crore people have reached 14.3 lakh, including 32,771 deaths, India’s health ministry said, with daily cases close to a record 50,000 on Monday. India is only trailing the US and Brazil now in the number of confirmed infections, but its growth in new cases is the fastest.

Maharashtra, Tamil Nadu, Andhra Pradesh and Karnataka are among the states where the maximum number of daily cares are being reported. The world’s second-most populous country has been ramping up testing, with 515,472 samples taken on Sunday, according to the Indian Council of Medical Research.

Still, India and Brazil have some of the world’s lowest testing rates, with 11.8 tests and 11.93 tests per 1,000 people respectively, compared to the US with 152.98 tests per 1,000 and Russia with 184.34, according to Our World in Data, a project based at the University of Oxford in the UK.

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