Sri Lanka blast toll revised down to 253

Agencies
April 26, 2019

Colombo, Apr 26: Authorities in Sri Lanka on Thursday lowered the death toll in a spate of Easter bombings by more than 100 to 253, admitting some of the badly mutilated bodies had been erroneously double-counted.

The toll revision will boost the pressure on a government already under fire over its apparent failure to act on intelligence about the attacks, and follows the resignation of a top defence official.

The top bureaucrat in the island nation's defence ministry, Hemasiri Fernando, was the first official to step down in the wake of the attacks -- the worst since a civil war ended more than a decade ago.

"Many of the victims were badly mutilated... There was double counting," the health ministry said in explaining the new death toll of 253, down from 359 announced on Wednesday.

The ministry said that once all autopsies were completed, and cross-referenced with DNA samples, the new lower toll was reached.

The ministry did not offer a new breakdown of the tally in terms of locals and foreigners. Earlier, Sri Lanka's foreign ministry had said 40 of the victims were foreign nationals.

Indian intelligence shared several specific warnings about plans for attacks with Sri Lankan authorities, an Indian source told AFP, but the information was not given to ministers, in what Colombo has called a "major" lapse.

Authorities are now in a desperate hunt for suspects linked to the bloodshed. On Thursday, police released the names and photos of three men and three women they want to question.

Tensions remained high, with the capital on alert over rumours of fresh bombs, but police said there had been no credible reports of explosive devices.

Sri Lanka's Catholic church nonetheless suspended all public services and closed churches "on the advice of security forces".

Private burials were still to be carried out.

President Maithripala Sirisena met Thursday with political party leaders and announced he would revive a military-police body last used during the country's fight against Tamil insurgents to coordinate operations after the bombings.

In the past, the joint operations command was headed by a senior military figure and included members of the military as well as police and intelligence.

Security forces using special powers granted under a state of emergency have arrested 16 more suspects, bringing the total in custody to 74.

The army, navy and air force poured more than 3,000 additional troops onto the streets to help police.

Authorities have banned drone flights and the government suspended plans to implement visa-free travel for tourists from 39 countries -- including European Union nations, Australia and the United States -- for six months from May 1.

Sri Lanka's police chief warned on April 11 of possible suicide bombings against churches by local Islamist group National Thowheeth Jama'ath (NTJ), citing information from a foreign intelligence agency.

India warned Sri Lanka several times of possible attacks, based on information from suspects arrested in India over links to the Islamic State group, a source close to the Indian investigation told AFP.

But that information was not shared with top ministers in Sri Lanka, the government has conceded.

"It was a major lapse in the sharing of information," deputy defence minister Ruwan Wijewardene said Wednesday.

Sirisena, who is also defence and law and order minister, has pledged to make "major changes in the leadership of the security forces.

Fernando was the first to go, telling Sirisena in a letter that he was "accepting responsibility and resigning," a defence ministry official said, speaking on condition of anonymity.

Additional resignations were expected.

Investigators are still piecing information together about the attacks and those involved, with officials revealing one attacker had studied in Britain and did post-graduate studies in Australia before returning to Sri Lanka.

Wijewardene said most of the assailants were "well-educated and come from middle, upper-middle class families, so they are financially quite independent."

Experts say the bombings had many of the hallmarks of the Islamic State group, which has claimed responsibility for the attacks.

An FBI team on the ground is helping with the investigation.

Among the suspects unaccounted for is NTJ leader Zahran Hashim, who appeared to be among eight people seen in a video released Tuesday by IS.

Officials said it was still unclear whether Hashim was among the suicide attackers or had escaped.

In all, nine people are believed to have blown themselves up on Sunday, either during attacks or when police attempted to arrest them.

Among them were two Muslim brothers, sons of a wealthy Colombo spice trader who is now in custody. The brothers blew themselves up at the Shangri-La and the Cinnamon Grand hotels.

The Kingsbury hotel in the capital was also hit, along with three churches. A fourth attack on a hotel failed, authorities said. The would-be attacker was followed back to a Colombo guest house, where he blew himself up, killing two people.

Two more people -- a man and a woman -- blew themselves up at another location as security forces launched a raid, killing three police, sources said.

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News Network
March 16,2020

New Delhi, Mar 16: Due to the coronavirus pandemic, most airlines in the world will be bankrupt by the end of May and only a coordinated government and industry action right now can avoid the catastrophe, said global aviation consultancy firm CAPA in a note on Monday.

"As the impact of the coronavirus and multiple government travel reactions sweep through our world, many airlines have probably already been driven into technical bankruptcy, or are at least substantially in breach of debt covenants," it stated.

Across the world, airlines have announced drastic reduction in their operations in the wake of the coronavirus outbreak. For example, Atlanta-based Delta Air Lines stated on Sunday that it would be grounding 300 aircraft in its fleet and reduce flights by 40 per cent.

The US has suspended all tourist visas for people belonging to the European Union, the UK and Ireland. Similarly, the Indian government has suspended all tourist visas and e-visas granted on or before March 11.

CAPA, in its note on Monday, said, "By the end of May-2020, most airlines in the world will be bankrupt. Coordinated government and industry action is needed - now - if catastrophe is to be avoided."

Cash reserves are running down quickly as fleets are grounded and "what flights there are operate much less than half full", it added.

"Forward bookings are far outweighed by cancellations and each time there is a new government recommendation it is to discourage flying. Demand is drying up in ways that are completely unprecedented. Normality is not yet on the horizon," it said.

India's largest airline IndiGo -- which has around 260 planes in its fleet -- said on Thursday that it has seen a decline of 15-20 per cent in daily bookings in the last few days.

The low-cost carrier had stated that it expects its quarterly earnings to be materially impacted due to such decline.

CAPA said the failure to coordinate the future will result in protectionism and much less competition.

"The alternative does not bear thinking about. An unstructured and nationalistic outcome will not be survival of the fittest.

"It will mostly consist of airlines that are the biggest and the best-supported by their governments. The system will reek of nationalism. And it will not serve the needs of the 21st century world. That is not a prospect that any responsible government should be prepared to contemplate," the consultancy firm said.

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News Network
February 19,2020

Feb 19: Pay increases across India’s organized sector will probably grow at the slowest pace since 2009 this year, according to a survey from Aon Plc.

Companies will increase average pay by 9.1% in 2020, down from 9.3% in 2019 and 9.5% the previous year, Aon said in a report published Tuesday. The small increase reflects a deep slowdown in Asia’s third-largest economy, where growing pessimism about job prospects have led many to cut down on consumption -- the main driver to growth.

India still leads the Asia-Pacific region in pay rises, but that is mainly due to higher inflation and a “war for key talent and niche skills,” Aon said.

“There is a general air of caution about the economy as we enter into 2020,” Tzeitel Fernandes, partner for rewards solutions at Aon, told reporters in New Delhi. “Low GDP projection and weak consumer sentiment are the reasons behind our lowest ever prediction.”

E-commerce companies and start-ups will probably get the biggest salary increases, projected at an above-average 10%, while financial institutions will hand out 8.5%. Unsurprisingly, the auto sector witnessed the biggest drop in growth -- down to 8.3% from 10.1% in 2018, according to Aon. The survey covered more than 1,000 companies across over 20 industries.

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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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JM
 - 
Thursday, 14 May 2020

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

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