Shooting at California synagogue kills 1, wounds 3

Agencies
April 28, 2019

California, Apr 28: A 19-year-old gunman opened fire inside a synagogue near San Diego as worshippers celebrated the last day of a major Jewish holiday, killing a woman and wounding the rabbi and two others Saturday, authorities said.

President Donald Trump and other elected officials decried what they called an anti-Semitic attack exactly six months since 11 people were killed at a Pittsburgh synagogue in the deadliest assault on Jews in US history.

An off-duty Border Patrol agent working as a security guard at the Chabad of Poway fired at the shooter as he fled, missing him but striking his getaway vehicle, San Diego County Sheriff William Gore said.

The gunman, identified as John Earnest, used an AR-type assault weapon, Gore said. There were indications that the gun might have malfunctioned after firing numerous rounds inside the synagogue, the sheriff said.

Shortly after fleeing, Earnest called 911 to report the shooting, San Diego Police Chief David Nisleit said. When an officer reached the man on a roadway, “the suspect pulled over, jumped out of his car with his hands up and was immediately taken into custody,” Nisleit said.

A girl and two men were wounded as the Jewish congregation gathered for Passover, a weeklong commemoration of the deliverance of the ancient Hebrews from slavery in Egypt. The three were in stable condition, authorities said.

Earnest has no criminal record, but investigators were looking into a claim he made in an online manifesto about setting a fire at a mosque in nearby Escondido last month, Gore said. There was damage but no injuries.

Gore said authorities were reviewing copies of his social media posts and were investigating the attack as a possible hate crime.

A person identifying themselves as John Earnest posted an anti-Jewish screed online about an hour before the attack that contained some elements not to be believed, like an allegation a YouTube star helped plan and fund the shooting. The post says he was in nursing school and cited the suspects accused of carrying out deadly attacks on mosques in New Zealand last month and at Pittsburgh’s Tree of Life synagogue Oct. 27.

There was no known threat after Earnest was arrested, but authorities boosted patrols at places of worship as a precaution, police said.

Minoo Anvari, a member of the synagogue, told media outlets that her husband was inside during the shooting. She said he called to tell her the shooter was shouting and cursing.

She called the shooting “unbelievable” in a peaceful and tight-knit community.

“We are strong; you can’t break us,” Anvari said.

Donny Phonea, who lives across the street from the synagogue, turned off his power drill and heard someone shout, “Police!” Then he heard three or four shots.

The 38-year-old bank auditor looked over his backyard fence facing the synagogue and saw people hiding behind an electrical box in the parking lot of a neighboring church. At that point, he knew something was “very, very wrong,” went inside and closed his doors and garage.

“I’m a little taken aback,” said Phonea, who moved to Poway two weeks ago. “I moved here because safety was a factor. Poway is very safe.”

Trump offered his sympathies Saturday, saying the shooting “looked like a hate crime” and calling it “hard to believe.” The mayor of Poway, who tweeted that he got a call from the president offering help, also denounced what he called a hate crime.

“I want you know to you this is not Poway,” Mayor Steve Vaus said. “We always walk with our arms around each other and we will walk through this tragedy with our arms around each other.”

Democratic Gov. Gavin Newsom said he joins the community in grief.

“No one should have to fear going to their place of worship, and no one should be targeted for practicing the tenets of their faith,” he said.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
February 19,2020

Washington, Feb 19: US President Donald Trump has said he is "saving the big deal" with India for later and he "does not know" if it will be done before the presidential election in November, clearly indicating that a major bilateral trade deal during his visit to Delhi next week might not be on the cards.

"We can have a trade deal with India. But I'm really saving the big deal for later," he told reporters at Joint Base Andrews Tuesday afternoon (local time).

The US and India could sign a "trade package" during the visit, according to media reports.

Asked whether he expects a trade deal with India before the visit, Trump said, "We're doing a very big trade deal with India. We'll have it. I don't know if it'll be done before the election, but we'll have a very big deal with India."

US Trade Representative Robert Lighthizer, the point-person for trade negotiations with India, is likely to not accompany Trump to India, sources said. However, officials have not ruled it out altogether.

In an apparent dissatisfaction over US-India trade ties, Trump said, "We're not treated very well by India." But he praised Prime Minister Narendra Modi and said he is looking forward to his visit to India.

"I happen to like Prime Minister Modi a lot," Trump said.

"He told me we'll have seven million people between the airport and the event. And the stadium, I understand, is sort of semi under construction, but it's going to be the largest stadium in the world. So it's going to be very exciting... I hope you all enjoy it," he told reporters.

Meanwhile, the US-India Strategic and Partnership Forum (USISPF) in a report said the latest quarterly data depict continuation of overall positive bilateral trade trends. The third quarter data reflects some downslide in growth rates.

"It may be due to several reasons, including the unexpected economic slowdown in India's economic growth, impact of US-China trade war, GSP withdrawal from the US side and retaliatory tariffs on specific US goods from the Indian side," USISPF said.

According to the report, the data available for the first three quarters of 2019 (January-September) pulled the overall growth rate in cumulative bilateral trade down to 4.5 percent from 8.4 percent registered for the first two quarters.

Goods and services trade performance in third quarter was dismal at -2.3 percent, in contrast with the impressive 9.6 percent growth witnessed for the first two quarters of the year; while trade in services was up two percent goods trade dropped five percent, the report said.

The cumulative US-India trade in goods and services (USD 110.9 billion) for the first three quarters of 2019 increased 4.5 percent with US exports and imports growing at four percent and five percent respectively.

The US exported USD 45.3 billion worth of goods and services to India in the first three quarters 2019, up 4 percent from the corresponding period in the previous year; and the US imported USD 65.6 billion worth of goods and services from India, up five percent from the previous year's USD 62.5 billion level for the same period, it said.

The USISPF has projected that the total bilateral trade can touch USD 238 billion by 2025 if the current 7.5 percent average annual rate of growth sustains; however, higher growth rates can result in bilateral trade in the range of USD 283 billion and USD 327 billion.

The US remains the top trading partner for India in terms of trade in goods and services, followed by China. While the bilateral trade between US and India is approximately 62 percent in goods and 38 percent in services, the bilateral trade between India and China is dominated by goods.

China had a huge trade surplus of USD 58 billion with India, indicating Beijing's strength in the Indian market, especially in sectors, such as electronics, machinery, organic chemicals, plastics and medical devices.

The US goods exports to India, in comparison, were mainly concentrated in mineral fuels, precious stones, and aircraft. The US faces tough competition with China in the Indian market in areas such as electronics, machinery, organic chemicals and medical devices.

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News Network
February 1,2020

Feb 1: The Congress on Saturday expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP. “Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!,” Surjewala tweeted. “Yet, Modiji gave Corporate Tax Cuts of Rs 1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India,” he said

Rajasthan Chief Minister Ashok Gehlot hoped the budget fulfils expectations of the common people. “Budget 2020 is the time for NDA government to provide a healing touch to common people and industries facing hardships since noteban. Hope the budget fulfils expectations of common people and provide relief across sections,” Gehlot said.

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