Sushil and Aware strike gold, Babita settles for silver

Agencies
April 12, 2018

Gold Coast, Apr 12: Double Olympic-medallist Sushil Kumar (74kg) and Rahul Aware claimed contrasting gold medals even as defending champion Babita phogat (53kg) settled for a silver on the opening day of the 21st Commonwealth Games' wrestling competition here today.

Sushil took a minute and 20 seconds to defeat Johannes Botha of South Africa on technical superiority to claim his third successive gold medal at the Games.

Aware, on the other hand, prevailed 15-7 over Canada's Steven Takahashi in an exciting contest during which the Indian was troubled by a groin niggle but chose to carry on with more than a minute left on the clock.

Aware's triumph opened India's gold medal account in the three-day wrestling competition at the Games.

"I have been waiting for this medal for the last 10 years. I can't describe how it feels to claim it. I missed out on 2010, even in 2014, the team was sent without trials. So, I am very happy that I could finally fulfil this dream," said the 26-year-old Aware, who is also the reigning Commonwealth championships gold-medallist.

"I dedicate this to my guru who passed away in 2012, I am happy that all the efforts I put in got the result I wanted," he added.

However, Babita settled for silver after being outmanuevered by Canada's Diana Weicker in the summit clash.

Babita, who claimed a silver in the 2010 edition before a gold in Glasgow, failed to break through her rival's defences, going down 2-5 in the contest.

"I think my weakness today was my attack, I should have been more aggressive but I gave my 100 per cent. I am satisfied with the intensity I put in but obviously I could not get the result I wanted," she said.

"I had a bit of a problem in my knees too but injuries are a wrestler's ornaments. We live niggles, there is nothing there," she added.

While Babita's bout lacked spark, Aware's showdown with Takahashi was thoroughly engaging. The Indian trailed 6-7 at one stage but claimed points on takedown to recover and keep imself ahead.

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abdul basheer
 - 
Friday, 13 Apr 2018

congratulation  Mr SushilKumar 

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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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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News Network
January 6,2020

Jan 6: Senior Bharatiya Janata Party leader Subramanian Swamy on Sunday said the country's economy is not showing good signs though Prime Minister Narendra Modi has manifested tremendous leadership skills in fighting terror and in social welfare projects.

The fiscal decisions of the government have not yielded the desired results, the Rajya Sabha MP said here.

"Modi had shown tremendous leadership skill in fighting terror, in several social areas, micro areas like bringing toilets to every village home. But the economy is a complex system...," he said while taking part in a discussion.

While every minister is talking about a 5 trillion dollar economy by 2024, but the current GDP growth has to be multiplied in four years to achieve that, the former Union minister said.

He said, if wages are slashed as a measure to cope with the situation, labor will become cheap but that will also cut down the people's purchasing power triggering dip in demand, closing down factories and rise in unemployment.

"This is one problem for which you really need an economist," he said.

Swamy said in jest, "I think Modi has one problem with me. Not only I am an economist but also a politician."

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