Thailand: All 12 trapped boys, coach of soccer team rescued from cave

Agencies
July 10, 2018

Hiang Rai (Thailand), Jul 10: All 12 boys and their football coach, who were trapped in a flooded Thailand cave more than a fortnight, have been rescued, the country's Navy SEAL announced on July 10, completing an astonishing against-the-odds rescue mission that has captivated the world.

The Thai SEAL and elite foreign divers extracted the final batch of four boys, plus the 25-year-old coach, on July 10 afternoon via a perilous escape route that required them to squeeze through narrow, water-filled tunnels.

“All 12 ‘Wild Boars’ and coach have been extracted from the cave,” the SEAL said in a Facebook post.

“All are safe,” they added, signing off with what has become their trademark “Hooyah” to celebrate the successful extractions of other boys over the previous two days.

A medic and all Aavy SEAL divers had also left the cave safely, said chief of the rescue mission Narongsak Osottanakorn.

The 12 boys, aged from 11 to 16, and their coach, ventured into the Tham Luang cave in mountainous northern Thailand on June 23 after a football practice and got caught deep inside when heavy rains caused flooding that trapped them on a muddy ledge.

Nine harrowing days in darkness

They spent nine harrowing days trapped in darkness until two British divers found them, looking gaunt but otherwise offering smiles to the divers and appearing to be in remarkably good spirits.

But the initial euphoria at finding them dissipated as the authorities struggled to devise a safe plan to get them out, with the shelf more than 4 km deep inside the cave and the labyrinth of tunnels leading to them filled with water.

The authorities mulled ideas such as drilling holes into the mountain or waiting months until monsoon rains end and they could walk out, with the rescue chief at one point dubbing the efforts to save them “Mission Impossible”. 

With oxygen levels in their chamber falling to dangerous levels and monsoon rains threatening to flood the cave up above the ledge where the boys were sheltering, rescuers decided on the least-worst option of having divers escort them out through the tunnels.

The escape route was a challenge for even experienced divers. The boys had no previous diving experience so the rescuers trained them how to use a mask and breathe underwater via an oxygen tank.

One fear had been that they would panic while trying to swim underwater, even with a diver escorting them.

The death of a former Thai Navy SEAL diver who ran out of oxygen in a flooded area of the cave on July 6 underscored the dangers of the escape route.

The ups and downs of the rescue bid entranced Thailand and also fixated a global audience, drawing support from celebrities as varied as U.S. President Donald Trump, football star Lionel Messi and tech guru Elon Musk.

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News Network
March 2,2020

Mar 2: Two more positive cases of the novel coronavirus -- one in Delhi and another in Telangana -were reported, the Union Health Ministry said on Monday.

The person from Delhi had travelled to Italy, it said adding he is being diagnosed at RML hospital.

The other person with the coronavirus infection has a travel history to Dubai, the ministry added.

"Both the patients are stable and being closely monitored," the ministry said.

Sunitha Krishnan is the name of the patient from Telangana and she is a social activist.

Krishnan has tweeted, "So going to enjoy hospitality at Gandhi Hospital for two days as admitted in the isolation ward suspected coronavirus. They have not started the tests yet( 1.30 hrs since I arrived).I believe the results make take 48hrs. At this pace, I have a feeling I am might be here sometime."

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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
March 4,2020

Bhopal, Mar 4: Madhya Pradesh Chief Minister  Kamal Nath on Tuesday asserted that there was no threat to his government.

Nath's comments came when he was asked about reports of alleged 'poaching' attempts being made by the opposition BJP in the state.

“The legislators are telling me that they are being offered so much money. I am telling the MLAs to take it, if they are getting this free money,” Nath told reporters here on the sidelines of a programme.

Congress veteran Digvijaya Singh on Monday alleged that his party MLAs were being offered “huge money by BJP leaders” as part of the saffron party's “poaching” attempt to destablise the Kamal Nath government.

When Nath was asked about any threat to the stability of his government in Madhya Pradesh, he said, “There is nothing to worry about.”

Reacting to Nath's statement, state BJP spokesman Rajneesh Agrawal told PTI that his party has nothing to do with the allegations.

“In fact, these speculations and allegations are part of the internal bickering of among Congress leaders to get nominated for the Rajya Sabha polls,” he said.

After Digvijaya Singh's remarks on Monday, senior BJP leader and former chief minister Shivraj Singh Chouhan accused the Congress veteran of making false statements to create sensationalism.

“Speaking lies to create sensationalism is Digvijaya's habit. Probably some of his (Digivijaya's) works were not done and he wants to create pressure on the CM to get them done,” Chouhan alleged.

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