Assualt on Civic official in Indore: BJP MLA Akash Vijayvargiya sent to jail

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Indore: Bharatiya Janata Party MLA  Akash Vijayvargiya was today (26 June 2019) arrested on the charge of assaulting a civic official and obstructing the Indore Municipal Corporation employees from discharging their duty.

Akash, a first time MLA has been denied bail and sent to judicial custody till July 7.

According to available information, the scuffle started when a demolition squad reached a certain spot to bring down a dilipidated structure, the BJP MLA also arrived on the scene. After a heated exchange, he was seen using a bat to assault a civic official.

This incident has been covered widely by some television news channels and the video showing the MLA chasing and assaulting the municipal employees with a cricket bat has gone viral.

Akash Vijavargiya is the son of BJP national General Secretary Kailash Vijayvargiya.

After today’s incident, State Congress spokesperson K.K. Mishra took potshots at the State BJP President Rakesh Singh. Pointing to kailash Vijayvargiya, who is in-charge of West Bengal, he said that the BJP is resorting to violence as they have done in Bangal.

Are you a judge? Who are you? Can you sit on judgement? Do your journalism quietly through your channel … Do not decide, what is your status? You will decide about any legislator? First look at your status – Kailash Vijayvargiya National General Secretary, BJP on a television channel

Earlier talking to journalists, Akash said: “pehle aavedan, phir nivedan aur phir de danadan (convey your point, make a request and then go on the offensive) this is our line of action.”
Akash Vijayvargiya video that’s gone viral on social media
News update: Akash Vijavargiya was granted bail by a special court in Bhopal on Saturday 29 June. The next day he was released from Indore District jail.

Madhya Pradesh Cabinet approves 10 percent reservation for economically weaker sections

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Bhopal: The Madhya Pradesh Cabinet, chaired by Chief Minister Kamal Nath, today 26 June 2019, approved 10 per cent reservation for economically weaker sections (EWS) from the general category.

Those with annual income above Rs. 8 lakh or owning 5 acres of agricultural land (both irrigated or barren, rugged and rocky land), residential property of more than 1200 square feet in the municipal Corporation area, residential property of 1500 sq. Ft. in Municipality area and 1800 sq ft in the Nagar Panchayat area will not be entitled to avail the benefit of reservation for the economically weaker sections. No limit has been set in rural areas.

The Madhya Pradesh Cabinet decision is significant as ahead of parliamentary elections, Modi Cabinet, in its earlier stint, had on 7 January 2019 approved 10 per cent reservation for the economically weaker sections cutting across religious lines in government jobs and education.

This decision was aimed at granting reservation to the general or the unreserved category of candidates from the economically backward or deprived sections.

The Union Cabinet decision to introduce quota for economically weaker sections came in the wake of BJP’s ouster from power in the Hindi heartland States- Madhya Pradesh, Chhattisgarh and Rajasthan.

The Parliament approved Constitution amendment [One Hundred and Twenty Fourth Amendment Bill, 2019] in the second week of January 2019 to provide 10 per cent reservation in jobs and education to the economically weaker sections in the general category.

Also Check this: Modi Government goes for 10 percent quota for economically weaker sections ahead of Lok Sabha Polls

US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings

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The imposition by the US of 25% tariffs on the remaining USD300 billion of imports from China would reduce world economic output by 0.4pp in 2020, Fitch Ratings says. Global GDP growth would slow to 2.7% this year and 2.4% next year, compared with our latest “Global Economic Outlook” baseline forecasts of 2.8% and 2.7% respectively. China’s growth rate would be reduced by 0.6pp, and US growth by 0.4pp, in 2020.

The imposition of tariffs on all imports from China being considered by the US administration would mark a significant escalation of trade tensions. It would see the US levy tariffs on an additional USD300 billion worth of goods. Presidents Trump and Xi both said last week that trade talks would resume at the upcoming G-20 meeting, where they planned to meet in person.

Fitch’s economics team has assessed a scenario in which the US imposes import tariffs at 25% on USD300 billion of goods from China and China retaliates by imposing a 25% tariff on USD20 billion of US imports untouched by the trade war so far, and by raising the tariff rate on USD100 billion of US imports already subject to new tariffs to 50%. The scenario also assumes that China cuts interest rates by 50bp and allows the CNY to depreciate by 5% relative to our baseline. The Fed responds by cutting rates. Our analysis used the Oxford Economics Global Economic Model – a global macroeconomic model taking into account trade and financial linkages between economies.

For China and the US, the tariffs would initially feed through to lower export volumes and higher import prices, with the latter raising firms’ costs and reducing real wages. Business confidence and equity prices would also be dampened, further weighing on business investment and reducing consumption through a wealth effect. Over the long run, the model factors in productivity being affected as local firms are less exposed to international competition and so would face fewer incentives to seek efficiency gains. Export competitiveness in the countries subject to tariffs would decline, resulting in lower export volumes.

The negative growth effects from lower export demand would be magnified by multiplier impacts on upstream supplier industries and from lower incomes in the export sector. These effects would spill over to other trading partners not directly targeted by the tariffs. Import substitution would offset some of the growth shock in the countries imposing import tariffs.

Global growth would fall even allowing for the monetary policy easing response. While falling short of a global recession, this would be the weakest global growth rate since 2009 and slightly worse than 2012, when the eurozone sovereign debt crisis was at its peak.

Countries not directly involved in the trade war would also see their GDP falling below baseline, though in most cases by less than the US and China. Korea would be the most severely hit, with GDP more than 1pp below baseline in 2020. Net commodity exporters such as Russia and Brazil would be affected, as slower world growth would push oil and hard commodity prices down.

Except in China, this trade war scenario would ultimately be deflationary as lower growth and hard commodity prices would curtail inflation. In the US, inflation would increase relative to the baseline in the year following the tariff hike. However, further out, slower growth, lower commodity prices and a stronger exchange rate would dampen price rises. Only in China would inflation remain above baseline for longer, because of the effect of a weaker exchange rate on import prices.

U-17 Women’s team can develop into a formidable side: Coach Alex Ambrose

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NEW DELHI: The India U-17 Women’s Team is swiftly learning to adapt to different conditions and match situations, something that could help them develop into a “formidable unit”, said Head Coach Alex Ambrose ahead of the side’s clash against Citizen AA in Hong Kong on Thursday

Having already played Hong Kong U-23 and Tai Po FC on their sojourn to Hong Kong, India have churned out some great results, winning their matches 5-1 and 4-0, respectively.

“It’s good to have positive results when you work hard. We have been trying different systems in the team, and the idea is about creating chances and converting them. It’s not about the score lines, but about how the players understand the game,” explained Ambrose.

“The team is shaping up well, and it’s all about the experience they get from here. I think in the time to come, this team can really grow into a formidable side,” he added.

Ambrose, who has used the two matches to try different combinations, believes that the team’s development charts are moving up steadily with the 2020 FIFA U-17 Women’s World Cup in mind.

“It’s good that we have changes within the team during the matches. The way that they have adapted makes us feel good that the girls are developing,” said Ambrose. “What’s really good with these players is that they are open to experiments, and they’re always up for a challenge.”

While the first two games were played in the gap of three days, the 37-year-old is of the opinion that the schedule will help the girls learn how to recover after tough games.

“We played two hard games in the space of three days. The few days’ gap that we had was very important for the girls to rest and recover. We are going to play another two games in three days. This is an important step for the girls on understanding how to recover from difficult games,” said Ambrose.

The games may have come thick and fast, but the two thumping wins have proved to be huge positives for the girls, who are now set to head into the game against Citizen AA with high spirits. The match kicks off on Thursday at 3 pm IST