A family court in Rajasthan’s Bhilwara district has granted divorce to a woman on the ground that there was no toilet in the house, holding that it amounted to “cruelty”.While passing the judgment on Friday, family court judge Rajendra Kumar Sharma said a toilet was necessary at home and going to defecate in the open was “disgraceful” for society and a “torture” to women.The woman, in her 20s, “contended that her husband was cruel to her, there was no separate room for the couple in the house and no toilet”. The husband was working as a labourer.Her counsel, Rajesh Sharma, said the woman got married in 2011 and filed the divorce petition in 2015. Women in villages had to wait for dark to go out to relieve themselves and had to bear physical pain, the court said.
Senior Bharatiya Janata Party (BJP) leaders and officer-bearers of election-bound States will attend a meeting convened by party president Amit Shah in New Delhi on September 5. Tripura and Meghalaya in the northeast face Assembly elections in February next year.Tripura State president Biplab Deb confirmed receipt of a notice from Mr. Shah’s office for the meeting that will discuss organisational matters and strategies with leaders of different States. Mr. Deb also said that the Northeast Democratic Alliance (NEDA), an offshoot of the BJP, would also hold a meeting in New Delhi on September 5.Assam’s Finance Minister Dr. Himanta Biswa Sharma will chair the meeting with members of regional parties. Dr. Sharma may invite some more regional parties with an eye to capture more heft in the region.The BJP has in power in Assam and Arunachal Pradesh, and its government in Manipur has to depend heavily on smaller regional parties to remain in power. In Meghalaya, the party has already struck an alliance with a few local parties but still needs a boost to take on Congress.In Tripura, the BJP is yet to tie knot with a regional parties for reasons that the main tribal party Indigenous Peoples Front of Tripura (IPFT) is relentlessly in agitation path to demand a separate tribal state and the old tribal party Indigenous Nationalist Party of Tripura (INPT) lost its base much to IPFT which made dent in state’s hills.Mr. Deb has not cleared air over entry of IPFT and INPT in NEDA. He said its upto NEDA leadership to take a call. He had earlier disfavoured an alliance with IPFT citing its contentious demand of separate state called ‘Tipraland’ or land of tribals.Sources in BJP said NEDA may try to influence IPFT to eschew Tipraland demand and seek a viable alternative like state autonomous council take cue of Bodo Territorial Council (BTC) in Assam. 20 of 60 seats in Tripura assembly are reserved for tribal and IPFT’s presence in the reserved seats could hit BJP hard in election.
A dam being constructed by Myanmar across a river close to the boundary with India has stoked fears of submergence and water scarcity among border villagers in Kengjoi subdivison of Manipur’s Chandel district.Last week, residents of Khangtung village reported to district officials about the dam being built by Myanmar authorities barely 100 metres from the Zero Line separating the two countries. International rules warrant border countries to check activities in No Man’s Land – a 150-metre strip on either side of the boundary line.The dam, called Tuidimjang, is on the Twigem river flowing into Myanmar from Manipur. Khangtung, inhabited by the Thadou tribe, is 137 km south of Manipur capital Imphal.“Local people have sent photos and raised concern. The dam appears to be a new and small one, but the fear of the villagers is genuine. We are sending a team next week to survey the dam construction site and get the coordinates. A report will be made this week for sending to New Delhi via the State government,” Chandel Deputy Commissioner K. Krishna told The Hindu.Houkholen Haokip, secretary of the Chandel unit of the Thadou Students’ Association (TSA), did not rule out the possibility of China assisting Myanmar in building the dam.“The topography of the area is such that Khangtung and other Indian villages will be submerged if the dam comes up. The villagers, dependent on the river, are already facing water scarcity. Efforts to get in touch with officials and contractors in Myanmar have been in vain,” he said.The TSA has written to Manipur Chief Minister Nongthombam Biren requesting intervention.“When the dam is completed, the entire Khangtung village will be inundated and the villagers will face untold miseries and require relocation and rehabilitation. This project will have huge negative social, cultural and economic impact on the residents of Khangtung and other Indian villages,” TSA secretary general Michael Lamjathang Haokip said in the letter to Mr. Biren.Manipur has had issues with internal dams too. In June 2015, a tribal village named Chadong in Ukhrul district was submerged by the Mapithel dam on river Thoubal.Construction of the Mapithel dam, initially known as Thoubal Multipurpose Project that aimed to produce 7.5MW of power, irrigate 21,862 hectares of land and provide 10 million gallons of drinking water, began in 1989 amid protests from people downstream.Elders of Chadong village had inked an understanding with the State government in 1996 for an alternative settlement, but the 800-odd villagers stayed put during the submergence 19 years later as the government had failed to provide a proper relocation site.The Khuga dam south of Manipur’s Churachandpur town has hit turbulence too. Taken up in 1980, the project lay dormant until 2002 leading to cost escalation from the initial ₹15 crore to ₹381.29 crore in 2009.The project sanction by the Planning Commission was said to have inherent flaws, as a result of which the power component of 1.5MW incorporated in the initial design was scrapped despite near-completion of a powerhouse.Controversy has also dogged Tipaimukh, the mega hydroelectric project proposed on river Barak in Manipur 35 years ago. Dhaka is against the project, as Barak flows into Bangladesh from Manipur through southern Assam and feeds the Surma and Kushiara rivers in the country.At least three anti-dam organisations in Manipur and downstream Assam have been protesting the Tipaimukh project to be built by the National Hydroelectric Power Corporation Ltd. Apart from large-scale submergence, they fear ecological degradation if the dam is built.
The Goa government is exploring ways to provide relief to liquor outlets which are still closed following the Supreme Court ban on sale of liquor along highways.Minister for Agriculture Vijai Sardesai, one of the three members of the Cabinet Advisory Committee to look into the matter, said, “We are going to meet next week and categorise the 1,332 affected outlets. We will rely on the census to decide these categories. We are meeting next week and will ensure that maximum number of people get justice.” The committee’s recommendations would be submitted to the Finance Department within 30 days. Once approved, the licenses of those vendors who qualify to start their business will also be renewed, government sources said. Recently, the exercise to try and explore ways and means to help these affected people begun by forming a committee comprising Urban Development Minister Francis D’Souza as Chairman and Revenue Minister Rohan Khaunte as member along with Mr. Sardesai.It may be recalled that the initial SC order on December 15, 2016 had affected more than 3,000 outlets which were brought down to 1,332 through various measures taken by the government including resurvey of some areas to check the exact distance of some bars from nearest highway. However, after the apex court modified its order allowing municipal areas, and listing four categories under which liquor outlets could get relief, the government got yet another opportunity to re categorise them and give relief to many more.
Heena Sidhu, with an incredible showing, claimed the women’s 25m pistol gold medal at the Belmont shooting centre in Brisbane, on Tuesday.It was the second medal of the Games in three days for the 28-year-old, having settled for silver behind compatriot Manu Bhaker in the 10m air pistol event.In the qualifications, Heena had a card of 579 over two rounds of competition (95, 93, 98 for precision and 95, 99, 99 in rapid) to be in third place, but six short of team-mate Annu Raj Singh (96, 99, 98 in precision and 98, 96, 97 in rapid).Annu was unable to replicate her form in the final, while Heena Sidhu stuck on bravely behind Australia’s Elena Galiabovitch, who seemed to be going great guns.But closing in sharply, especially through rounds five and six — with a clean slate of five in both — Heena overhauled the Australian in the seventh, as the two finished with four and two shots.ConsistentInto the lead for the first time, the consistent Indian did not give up and nailed the gold medal with a Games record score of 38, three ahead of the home favourite. Annu was eliminated after the sixth stage and in the same position with a card of 15.Reflecting on her success, Heena said, “I am really feeling good, this being my first medal in this event. I am still learning. Medals like these bolster your confidence and help you enjoy what you are doing.”There was considerable disappointment, earlier, as Chain Singh was left stranded in the fourth position in the men’s 50m rifle prone, while Gagan Narang, on the lookout for a eleventh Games medal, was eliminated at the spot in the final.The two Indians had finished third and sixth in the qualifiers, with Narang scoring 617.0 (102.5, 104.8, 102.3, 103.2, 103.4, 100.8) and Singh 614.2 (104.3, 104.2, 103.1, 100.9, 102.3, 99.4).The duo were very much in the picture in the initial stages, but Narang fell back in the third and fourth rounds to be eliminated with a total of 142.3.Under pressureChain was put to pressure when he could manage only 9.5 with his first shot in the fifth and did not survive thereafter as a 9.3 off the first shot in the seventh eventually pushed him out of the reckoning with a total of 204.8 points.The results:Men: 50m rifle prone: 4. Chain Singh (Ind), 614.2, 204.8. 7. Gagan Narang (Ind), 617.0, 142.3.Women: 25m pistol: 1. Heena Sidhu (Ind), 579, 38, 2. Elena Galiabovitch (Aus), 572, 35, 3. Alia Sazana Azahari (Mas), 571, 26; 6. Annu Raj Singh (Ind), 584, 15.
Noting that there was an “imperative necessity to step up the security” of shelter homes in Uttar Pradesh, the Allahabad High Court has directed the State government to install CCTV cameras at all such institutions, both government-run and accredited private ones.Hearing the Deoria shelter home case suo motu, the court also ordered the constitution of a three-four member committee of judicial officers in each district by the district judges to “periodically inspect all shelter homes” in the State. The committees would submit periodic reports to the court.“Had there been a periodic and effective inspection of the premises, perhaps the sad incidents which came to occur in the shelter home would not have come to pass,” a Bench of Chief Justice Dilip B. Bhosale and Justice Yashwant Varma said in an order dated August 27 but uploaded on Thursday.The committees would have to include one woman member. The court directed the Additional Advocate General of the State to apprise it of the government’s response on the direction to install CCTV cameras in all shelter homes.The HC also expressed displeasure with the Additional Chief Secretary for submitting an affidavit that was “conspicuously silent and vague” on what further action the State proposed to take on the matters raised by the court in earlier orders. One question was why the Deoria police continued to send girls to the controversial shelter home in Deoria even after the State had suspended its recognition and stopped funds. The government had submitted to the court that 121 girls were sent to the shelter home from 18 different police stations during the period from June 2017, when the institution run by Girija Devi was de-recognised.“Upon a prima facie evaluation of the facts…it appears that there was a systemic failure to oversee the functioning of the shelter home and to audit its affairs. The sordid conditions which existed in the shelter home were permitted to be perpetuated despite it functioning under the direct gaze of the District Administration and the Child Welfare Committee,” the court said.The affidavit of the Additional Chief Secretary also failed to disclose what future course of action the State proposed to take in the light of the report submitted by the two-member probe committee constituted by the State government, the court noted, directing the government to provide an explanation in the next hearing.The matter is listed for September 5.
On a day the high-pitched Madhya Pradesh campaign drew to a close, former Prime Minister Manmohan Singh had a word of advice for Prime Minister Narendra Modi. “My advice to the Prime Minister is to exercise due restraint that is becoming of the office of the Prime Minister. When the Prime Minister goes to States that are not ruled by the BJP, he has an obligation to not use the language that has now become common practice,” Dr. Singh said on Monday at the launch of former Union Minister Manish Tewari’s new book, Fables of Fractured Times.Dignity of office “We never discriminated against the BJP-ruled States. [Madhya Pradesh Chief Minister] Shivraj Chouhanji would himself certify what I am saying. He is the Prime Minister of all Indians. His conduct must be worthy and consistent with the obligation he has as a PM,” the former Prime Minister added. The former Prime Minister, who sat through a panel discussion involving Mr. Tewari, National Conference leader Farooq Abdullah and Janata Dal (United)’s Pavan K. Varma, was responding to moderator and television anchor Rajdeep Sardesai’s query if he had any advice for current politicians. Soon after launching the book, Dr. Singh remembered the victims of the 26/11 attack. “Quite honestly, my thoughts today are on a different subject… Grave acts of terror took the lives of nearly 170 persons. One can only hope saner elements would prevail in India and Pakistan,” Dr. Singh said. “What’s happening today in Kashmir is an indication of the suffering that strained relations between the two countries can bring about,” he said, referring to the recent spate of violence in Kashmir.
The vehicles used for transporting Electronic Voting Machines in the Lok Sabha election in Madhya Pradesh will be installed with GPS [Global Positioning System].“GPS will be installed on vehicles to be used for transporting EVMs in the Lok Sabha election in the State. Similarly, control rooms will be set up in each district headquarters for tracking the vehicles,” Chief Electoral Officer V.L. Kanta Rao said.During the elections, GPS will also be installed in vehicles to be used for transporting polling teams to the booths, transporting of reserve EVMs in vehicles of Sector Magistrate on the voting day and the for transporting the reserve machines from districts to State-level warehouse after polling, to obtain their locations, said an official.During the 2018 Assembly elections in the State, late arrival of EVMs at the collection centre in Sagar district has snowballed into a major controversy with the Congress suspecting a foul play by the BJP.Concerned over tampering with the EVMs, the Congress has deployed party workers outside strong rooms at several places across the State.The office of the State Election Commission received 3,715 complaints between January 1 and March 22, of which 3,073 have already been resolved.For prompt and effective redressal of complaints related to the Lok Sabha polls, a cVIGIL app (Gold Version) has also been developed, the official added.
Tell us what the main difficulties in straddling two cultures are. Do you find this to be inherently harder for men or for women?Straddling even a small stool throws you off balance. When one crosses national boundaries, leaps across oceans, and steps over cultural codes, difficulties grow forbidding. The body may master new skills easily enough, whether it is for using a food processor or a scanner. The more difficult is the psychological adjustment, both to the loss of one’s cherished forms and to the adoption of new ones. Even when one finds oneself at home with American attitudes and manners, one is haunted by a sense of loss or betrayal. To use a phrase from “Journey of the Magi” one is no longer at ease till at least one outgrows thinking of oneself in terms of national or cultural categories. It is, indeed, harder for women if only because they are supposed to be the keepers of their culture on the one hand, and on the other they must keep in step with the new. It’s the paradoxical nature of adjustments required of them that makes it difficult for women.Does one eventually shed the “outsider” mentality or merely learn to adjust to it?I am not sure that one can ever completely shed the outsider’s mentality, because I tend to take the existentialist view. We are all outsiders in some sense no matter who we are and where we are.However, I like to believe that we do manage to suppress the outsider’s mentality. Sanity demands that we do so.How is the Indian woman’s perception of herself influenced (or is it?) by how those outside of her society view her? What is significant is how she sees them viewing her. I have tried to portray that conflict in my story “Mannequins.” When the woman, a mother of two, changes into a western dress for the first time, she feels that all eyes in the store are glued upon her, while the truth is that no one is even aware of her. Similarly at home, no one even bothers to look at her, not even her children. I find that the younger generation of Indians growing up in the US is not going through the same self-consciousness of being “the other” as the first generation of immigrants did.Loneliness is highly subjective. Your fiction seems, so far, to focus on the alienation of an individual in Western society, due, in part to the Western sensibility of fierce individualism. What compromises are you willing to let your characters make without surrendering long held beliefs and estrangement from a community mentality?This is a great question. Western sensibility of fierce individualism does create a sense of alienation for my characters. And yet, I feel that it is because they too possess a fierce sense of individualism. If they didn’t, then adaptation would come very easy to them. Indian individualism is like Gandhi’s passive resistance, subdued but strong.As for what compromises I am willing to let my characters make, I am afraid, they don’t let me make any decisions for them. Once they take shape, my characters begin to take their life into their hands.In my earlier pieces I could still tweak them here and there, not so any more. I dare not tamper with their integrity. They hrefuse to be dictated by me. For example, I tried to keep Priya in Pomegranate Dreams from going over the edge, but I couldn’t. Every time I changed her character, she stalled the narrative.This is the case with all the characters. If they make compromises, they make them in spite of me. After a while, the author begins to be maneuvered by her creations.What is a typical writing day like?A typical writing day for me would be the one when I shut the door on the world and retreat to my room, sit at my computer, and write for four to five hours at a stretch. However, the days such as this are infrequent in a professor’s life. I am devoted to my writing, but I am also committed to my teaching at the Community College of Philadelphia, and, of course, to my family.Who have been your literary influences? My mother was very strong with Hindu mythology and devotional songs of Meera, Surdas, Tulsi, and Kabir; my father was passionate about Urdu poetry and English literature.Unconsciously, I must have imbibed much from both before I started out on my own and gobbled up everything I could lay my hands on, from Virginia Woolf and Doris Lessing to Tony Morrison and Gabriel Garcia Marquez, from Faulkner and T.S. Eliot to Paule Marshall and V.S. Naipaul, from Sharat Chand and Prem Chand to Patrick White and William Golding.I think that works you have read and admired always swirl around you like spirits, invisible but there.Do you ever see yourself veering away from the theme of alienation and loneliness as it applies, particularly to women?Not altogether, I am afraid. Loneliness or alienation is, after all, a part of the general human condition. It crosses the boundaries of race, time, space, and gender. We can never get away from these feelings unless we give up the world. I am always reminded of a scene in Woolf’s To the Lighthouse when Mrs. Ramsay, surrounded by her family, friends, children, servants and the daily whirl of activities, suddenly stops to ask herself, “But what have I done with my life?”That to me is the moment of epiphany. Women, I believe, are given more to such moments. So in some form or the other, I think the theme will surface now and then. However, I already find other interests crowding in upon me. I expect to cast my net wider in my next work.What are you working on currently?It’s an ambitious project – a novel about a beautiful world divided by hatred and violence. Related Items
From the city of seven islands, Mumbai, to a city of five boroughs, New York, the journey has been magnificent in ways big and small. After coming to New York almost a year back, I realized I have lived this life forever. Little has changed for me since I came here. I still travel by a train and then wait for a bus. I do my grocery on the run, slog five days a week and long for a weekend with pleasant weather. I hated the pigeons fluttering into to my second floor apartment terrace in Mumbai and I hate them on my 9th floor apartment terrace here. I detested the traffic in Mumbai and I do so here. I loathed the extreme weather in Mumbai and do so here. The trains are often delayed even here, much as they were in Mumbai.I went for the BOGO offers in Mumbai and do so here. I tired of long lines in stores and find them here as well. Weekends were — and continue to be — full of action and Sunday evenings a downer. I still experience the Monday morning blues. I drank chai on the street in a glass and now I buy my coffee off the street. The chai was normally accompanied by a vada pav (Bombay burger); here it’s a donut or bagel. In Mumbai, I used to instruct the chai wala to add ginger or cardamoms to my tea; here I instruct the store associate to add equal and a mocha shot to my iced latte. And after a few visits they both have my chai and coffee preferences down.I loved to shop the best brands in Mumbai and I do the same here. I traced the Times of India fashion trends and here I follow the New York Times fashion blog. I read Sydney Sheldon there and do so here … yes, where else, on the train! My fashionable matching footwear hurt me while walking in Mumbai and they ache here too. Visiting Times Square every other week is as satisfying as visiting South Mumbai. I loved the Hard Rock Café in Mumbai and I love it here. I adore the Sunday flea market in Manhattan as much as I adored shopping on Linking Road. I still have more clothes, shoes, handbags and other accessories than my closet space can handle. My handbag still packs the same set of things — water bottle, food, lipstick, hair brush, train pass and lots of coins.I witnessed 26/11 in Mumbai and follow the annual memorials to 9/11 in New York. I come from a city where people don’t bother to look at each other in the daily rush to work to a city where people don’t smile except on weekends. But the wonderful residents of both cities — Christians, Hindus, Jews and Muslims alike —stood together in crisis like a close knit family.I feel I have lived here forever. I am a Mumbaikar in New York or a New Yorker from Mumbai. Same difference Related Items
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The trust a kirana merchant enjoys in the neighborhood and the preference of Indian consumers to come in direct contact with sellers is opening the doors of next big wave — assisted e-commerce.With the big boys virtually exhausting the online shoppers, the focus is now on the new space to reach the people who are either not on internet or don’t shop online.With just 12 to 15 percent of the 300 million internet users shopping online, the real commerce has a huge opportunity. The players in this emerging space bring together offline buyers, local retailers and sellers to an integrated platform and reach where the e-commerce players are facing the hindrance.From T-shirts to television sets and mobile phones and from recharges to utility bill payment to money transfer and bus ticket booking, they offer an entire range of consumer goods and services.This space offers an opportunity to millions of small merchants to go high-tech and make additional income. They make the purchase on behalf of their customers, who will be assured of the quality of the products while sellers will be able to save a lot on logistics and reverse shipping expenses.While there are many players for recharges, there are only two or three companies in assisted e-commerce and they are all from south.Bringing together various stakeholders, they are coming out with a solution for the typical Indian market where the majority of customers still prefer to buy from the kirana store next door rather than buying from somebody they don’t know.“More than feeling the products while buying, Indian customers want to buy from someone they trust and to whom they can go back and ask in case of any problem,” Krishna Lakamsani, founder and CEO of iPay, said.In a short span of 18 months iPay has emerged as the most powerful leader in this space with 7,000 retailers in Andhra Pradesh, Telangana and Karnataka, serving about five million customers and offering over 4,000 products and also various services.“Every second, eight customers walk into our stores and one purchase happens. We acquire a new customer every four seconds,” said Krishna, who was associated with an e-commerce company in the US before returning to India to try something different.“I invested my personal money of $3 million. Today our Gross Merchandise Value (GMV) has touched Rs. 120 crore per month,” said Krishna, who has set a target of reaching Rs. 400 crore to Rs. 500 crore GMV.Krishna explained how iPay is helping create new distribution network for products. “A retailer in Srikakulam (Andhra Pradesh) doesn’t come to Hyderabad to pick up Karachi Bakery biscuits nor Karachi Bakery has distribution network in Srikakulam, but we help him get the product there,” said Krishna.The company pays a commission of 2 to 14 percent on the products to retailers, depending on the category of products.He believes everyone has to take the offline route. Alibaba launched offline commerce last year while Amazon made an announcement recently. Flipkart and Snapdeal are also going offline.“We are helping customers go online indirectly if not directly. We are there in the last mile,” Kiran Gali, founder and chief executive officer of NumberMall, said.Kiran believes this model offers a huge opportunity to take e-commerce to masses. “There are 14 million small merchants in India who touch every one of us every day. They could be kirana shops, medical stores, fancy, stationery or pan shops.”“E-commerce is only for the top pyramid. Only 50 million people in India buy online. Even in an advanced country like the US it is hardly 20 percent,” he said.What is hindering e-commerce penetration is the difficulty in reaching pin codes in small towns and villages and with their network, players like ipay and NumberMall can reach the unreached.Started in 2011, NumberMall is a pioneer in the space with its technology platform. Today it has 16,000 small merchants on its platform in 10 districts. What sets it apart from others is that a merchant doesn’t have to buy its software. The free app can be used from mobile, laptop or PC for transactions.NumberMall is offering eight services, but recharges account for 40 to 45 percent of the transactions. With GMV of Rs.15 crore a month, it plans to bring a wide range of products on its platform within a month.Bootstrapped by Kiran, the company raised $1 million and plans to raise $10 million more this financial year to fund its expansion. Related Items
Much of the world has recovered from the global financial crisis of a decade ago, but one market has prospered above virtually all others: the United States stock market.In addition to outpacing other major markets, the American market has outstripped the growth of the U.S. economy to such an extent that it is a global outlier. Whether the surge — which has helped fuel economic inequality in the United States — can continue, and what the domestic and global consequences might be, are unresolved questions.The American market’s exceptional performance stands in stark relief in a global survey of post-crisis markets and economies published this month by the Brookings Institution and conducted by Eswar Prasad, a Cornell University economics professor and senior fellow at Brookings, and Karim Foda, a former associate fellow at the institution.“There has been a disconnection between stock markets and economies around the world, with stock markets generally outperforming their economies,” Prasad, a former International Monetary Fund official, said in an interview. “But the United States stands out. There’s a much greater degree of outperformance and disconnection from domestic economic growth. And you don’t typically see a disconnect like this for such a long period.”The Brookings survey shows, for example, that while the two biggest emerging market economies — those of China and India — have grown far faster than America’s in the past decade, those countries’ stock markets have not fared as well as their American counterpart. India’s stock gains were substantial in its local currency, the rupee, but were almost eliminated when translated into dollars. The Chinese stock market has actually lost value since the financial crisis.Since the end of 2007 through June of this year, the survey says, gross domestic product in the United States grew by 18 percent, after adjusting for inflation. “The U.S. leads the pack among major advanced economies,” the report says, while noting that the U.S. economy’s growth trailed that of emerging market economies like those of China and India.In nominal terms, without the inflation adjustment, gross domestic product in the United States grew more: 38 percent. But the S&P 500 nearly doubled from December 2007 through August 2018, a better return than other major stock markets experienced.This trend — stock markets growing much faster than domestic economies — also appeared in advanced economies like those of Britain, France, Germany and Japan, but it was much more extreme in the United States, the report says.The American stock market’s outperformance can be explained by factors like the rising share of corporate profits in the domestic economy and by the sheer force of American financial power on a global scale, Prasad said.Although the United States contributed mightily to the global financial crisis, it has been a source of financial stability for most of the last 10 years, attracting investments from around the world. The dollar has strengthened against most other currencies in that time, becoming, if anything, an even more central part of the world financial system, he added.What’s more, the dollar’s strength has magnified the outperformance of the American stock market when compared against markets in most other countries.India outpaced the United States in economic growth, and its stock market rose roughly 90 percent from December 2007 through last month, almost as much as the American stock market did, when both are tracked in their domestic currencies. But the Indian rupee lost ground against the dollar, and its weakness has wiped out most of the value of its stock market’s gains: When converted into dollars, the Indian stock market rose only 6 percent.China is the rare country whose currency, the renminbi, actually has strengthened modestly against the dollar since the end of 2007. But that was not enough to offset the decline of the Shanghai stock market, which fell 48 percent in renminbi and 45 percent in dollar terms.The Chinese stock market, like the U.S. market, is an outlier, Prasad said, but in a radically different dimension: The Chinese market has significantly trailed other markets as well as the Chinese economy.One reason is that the Chinese stock market, to an even greater degree than the U.S. stock market, represents only a small slice of the country’s overall economy. Publicly listed Chinese corporations, Prasad said, tend to suffer from endemic structural problems: high debt levels, poor accounting disclosure and weak governance. Until these problems are solved, China may be a risky for global stock investors.The U.S. stock market, which has been a global magnet, is rife with its own anomalies. For one thing, Prasad said, stock market growth has exceeded GDP growth by so much and for so long that it bears close attention. “Over long periods there is typically a close correlation between stock market growth and economic growth,” he said. “And this is already a long period.”That does not mean that the American stock market will necessarily fall soon. It is being supported by several macroeconomic factors, aside from cash inflows from foreigners. Corporate profits, supported in part by tax cuts and relaxed regulation and low interest rates, have been rising more rapidly than the GDP, while wage growth has been constrained.Because stock ownership is concentrated among richer people, the rising market wealth has exacerbated economic inequality in the United States. “Most of the stock market wealth has been going to those who are already very rich rather than to the poor,” Prasad said. “The disconnect between the stock market and the real economy is manifest in the disconnect between corporate profits and real wages. It has potential sociopolitical implications.”In short, the American stock market could well keep rising for some time. But that might increase domestic political tensions, if increasing corporate and stock market riches are not accompanied by broad-based growth in wages.From a global perspective, the American stock market appears to be attracting capital that might otherwise bolster other markets and economies. The U.S. market is exceptional and it has enriched stock investors. But the decade of outperformance has incurred mounting costs.© New York Times 2018 Related ItemsEconomy
Around 500 expatriate workers break the labor law of Oman every week, according to a report by the country’s Ministry of Manpower.More than 27,000 migrant workers were arrested in 2017 for violating labor laws in Oman, the Times of Oman reported, citing the ministry’s figures. The country’s capital, Muscat, topped the list with 8,923 arrests, followed by North Batinah where 6,918 laborers were arrested for breaking labor laws. Dhofar and South Batinah stood at the third and fourth place, with 3,017 and 1,798 arrests, respectively. Of the 27,837 arrests that took place in 2017, the maximum number of persons came from Bangladesh, with 20,557 violations. Pakistan came second with 3,285 of its citizens violating Oman’s labor laws. India stood third with as many as 1,955 violators. The rest 1,040 workers were of other nationalities, the report said. Of the violations reported, 15,674 employees or 58.4 percent of all violators absconded from work, while 9,567 were laid off, and 1,596 workers entered the country with a tourist visa and worked illegally once their visa permit expired. A majority of these workers, numbering 24,146, worked in the commercial sector while only 2,691 were employed in the household sector. A detailed report shows that most men who were detained for illegal reasons worked in the construction, retail, manufacturing, and food sectors while women were mainly working in education, health, social services, and retail. The report added that 365,971 new migrant workers started working in 2017, while 368,253 left the country. “They (workers) come to the ministry and hand themselves over. First, legal action is taken against them. We also contact the employer if there are any demands. If the illegal expat worker is wanted by the judicial authorities for committing crimes, he or she will be handed over to them. The door is open for them when they want to hand over themselves to the ministry. The amnesty period is exceptional, as the government pays lots of money to deport them,” the publication quoted a ministry official as saying.The official added that raids on illegal workers are most often done jointly by the ministry and other government agencies like the Royal Oman Police (ROP), Public Prosecution and the Ministry of Agriculture and Fisheries. According to Oman’s labor law, a non-Omani is prohibited from joining any work in the Sultanate before obtaining a labor card. It also says that an employer shall not let any non-Omani worker authorized to work for him to work under any other employer, or employ any worker authorized to work for another employer or residing in the Sultanate illegally. Also, the Omani worker shall only work for the employer authorized to employ him. Several social organizations working with the Indian community in Oman often remind workers to comply with the local labor laws. “If you are coming here for a job, you should have a proper visa, and not come in on a tourist visa. If you have the proper visa, then you can get it cleared and get all the permits from the labor and manpower ministries, and complete the legal formalities,” a member of the Indian Social Club was quoted by the publication as saying. In May this year, Oman’s Ministry of Manpower extended the six-month ban on hiring expatriates that it announced in January to reduce the country’s high unemployment rate. Related ItemsEmploymentOman
Regional parties in Jammu & Kashmir on Tuesday said they would oppose any move to implement the delimitation plan to increase seats in the State assembly, following speculation fuelled by a meeting of Governor Satya Pal Malik and Union Home Minister Amit Shah in New Delhi.“When delimitation takes place in the rest of the country, the BJP is welcome to apply it to Jammu and Kashmir. Until then we in the National Conference will oppose, tooth and nail, any attempt to make changes without a mandate from the people of the state,” said NC vice-president and former Chief Minister Omar Abdullah.He termed such a move “surprising”. “The BJP, which talks about bringing J&K at par with other states by removing Article 370 and 35-A now wants to treat J&K differently from other states in this one respect,” he said. He pointed out that there was a freeze on delimitation in the entire country until 2026. “The freeze on delimitation was applied to J&K and was done to bring the State in line with the rest of the country. The same was challenged and upheld in both the High Court of J&K and the Supreme Court,” he said.People’s Democratic Party president Mehbooba Mufti said she was distressed to hear about the Centre’s plan to redraw Assembly constituencies in J&K. “Forced delimitation is an obvious attempt to inflict another emotional partition of the State on communal lines. Instead of allowing old wounds to heal, the Government of India is inflicting pain on Kashmiris,” said Ms. Mufti.Jammu and Kashmir People’s Movement chief Shah Faesal asked Prime Minister Narendra Modi to address the anxieties of the people of J&K on the proposed delimitation exercise.People’s Conference chief Sajad Lone, a former ally of the BJP in the Valley, also opposed the idea. “Hope and pray that media reports about Kashmir aren’t true. Don’t understand the earth shattering hurry. And this perception of being wronged at a provincial level. If thousands of graves in Kashmir don’t add up to people being wronged, I wonder what wronged means,” tweeted Mr. Lone.
With the collegiate season in full swing, INQUIRER lists the week’s top seven performers in the ongoing NCAA Season 93 men’s basketball tournament. From their game statistics to their overall impact in the outcomes, everything is weighed to come up with the best players from the week that was.ADVERTISEMENT Renzo Navarro. Photo by Tristan Tamayo/INQUIRER.netHis numbers may not be as stellar as the others in this list, but Renzo Navarro’s overall impact for San Sebastian has been undeniable late in the first round.Forging a deadly backcourt combination with senior Ryan Costelo and sniper RK Ilagan, the transferee has seen an uptick in his minutes and he has capitalized on the opportunities.Navarro’s biggest contributions this week for the Golden Stags was his flurry late in San Sebastian’s 75-73 thriller over EAC on Friday, dropping all five of his points in the final minute to tow his side to the win.7. Clint Doliguez – F, San Beda Red Lions11 points, 8 rebounds, 2 assists, 1 stealLast Week: N/AClint Doliguez. Photo by Tristan Tamayo/INQUIRER.netIt’s tough to pick a standout for San Beda, especially after that barnburner of a win against Perpetual on Thursday.But we’ll go with Clint Doliguez, who once again found a way to shine despite the overall ugly showing from his teammates.The 22-year-old has shown signs of potential through the course of the season, and his latest outing is no different.It may only be a matter of time before Doliguez establishes himself as a reliable rotational player for the Red Lions. Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Don’t miss out on the latest news and information. 4. Rey Nambatac – G, Letran Knights19.5 points, 10.0 rebounds, 2.5 assistsLast Week: 4FILE PHOTO by Tristan Tamayo/INQUIRER.netRey Nambatac was the lone holdover from last week’s list.Nambatac’s double-double performance helped Letran rack up four straight wins to move up to the top four, but that streak could not topple the mighty Lyceum on Friday, 75-68.It shouldn’t come as a shock, too, that Nambatac was the focus of the Pirates’ defense, forcing the Knights to finish the first round with a 5-4 card.Luckily, Letran will have at least two weeks to assess things before gearing up for battle again in the second round.5. Jed Mendoza – G, JRU Heavy Bombers13.5 points, 4.5 rebounds, 2.0 assists, 1.5 stealsLast Week: N/APhoto by Tristan Tamayo/INQUIRER.netTey Teodoro may still be far from the playmaker coach Vergel Meneses is envisioning him to be, but Jed Mendoza has come to JRU’s rescue.The 21-year-old guard has taken the bull by the horn and has made the most of the opportunity given to him by his coach.Mendoza has been steady for the Heavy Bombers, doing it all to orchestrate the offense for his side, while also being a pesky on-ball defender.We’ve said it before and we’ll say it again: Things are just looking up for this budding JRU star.6. Renzo Navarro – G, San Sebastian Golden Stags9.5 points, 2.5 rebounds, 4.0 assists (1-1)Last Week: N/A Trump talks impeachment while meeting NCAA athletes PLAY LIST 01:07Trump talks impeachment while meeting NCAA athletes00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Read Next 1. Mike Nzeusseu – C, Lyceum Pirates13 points, 15 rebounds, 3 blocksLast Week: N/APhoto by Tristan Tamayo/INQUIRER.netIt’s easy to look at Lyceum as a CJ Perez-centric team.But on Friday, Mike Nzeusseu reminded every one what makes the Pirates the most dangerous team in all the NCAA.Facing a Letran squad with a depleted frontline, the Cameroonian big man had a field day in the paint, imposing his presence to help Lyceum survive its toughest test yet and come away with the 75-68 win.The face that the Pirates came back from a 17-point deficit without coach Topex Robinson at the sidelines is proof enough how disciplined this team is.ADVERTISEMENT That’s why it’s no surprise that Lyceum is still flying high in the standings at 8-0.2. Ervin Grospe – F, JRU Heavy Bombers16.5 points, 2.5 rebounds, 3.5 assistsLast Week: N/APhoto by Tristan Tamayo/INQUIRER.netA couple of wins go a long way, and for JRU, stringing its first winning streak of the tournament means going as high as third place in the penultimate week of the first round.What makes the Heavy Bombers tick? It’s undoubtedly the stability provided by Ervin Grospe to the squad, earning him praises from coach Vergel Meneses.But the veteran forward’s task still isn’t over, as JRU faces a tough draw against San Sebastian and Perpetual.However, if the Heavy Bombers pass this test, it shouldn’t be hard for them to break out of their roller coaster ride of a season, let alone a spot in the Final Four.3. Prince Eze – C, Perpetual Altas17.0 points, 19.0 rebounds, 4.0 blocksLast Week: N/APhoto by Tristan Tamayo/INQUIRER.netLooking like the dominant Perpetual big men of old, Prince Eze is slowly earning his way among the ranks of his predecessors.With his consistent double-double showing, the Altas were able to snap out of their two-game losing skid with a 68-59 win over Arellano last Tuesday.Unfortunately, Perpetual needed more from him and his crew as the team lost to San Beda, 57-53 in its homecourt in an ugly and lowscoring game.There’s still positive signs, though, and if Eze could keep this up, coupled with the Altas marksmen hitting from their range, the Las Piñas-based crew could fully realize their potential as this season’s giant killers. LATEST STORIES View comments Brace for potentially devastating typhoon approaching PH – NDRRMC SEA Games in Calabarzon safe, secure – Solcom chief LOOK: Venues for 2019 SEA Games MOST READ UPLB exempted from SEA Games class suspension Marshawn Lynch sits once again during national anthem SEA Games: PH’s Alisson Perticheto tops ice skating short program LIST: Class, gov’t work suspensions during 30th SEA Games Eight games have already passed, and Lyceum and San Beda continue to run away from the pack.The others teams, meanwhile, are left to jostle for position in hopes of gaining a significant advantage come the homestretch of the eliminations.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutThis week’s list is an interesting one with only one holdover from last week’s rankings.Here’s INQUIRER’s top seven performers from this past week. For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity.
LYCEUM 81 – Perez 24, Ayaay 12, Nzeusseu 11, Jv. Marcelino 11, Santos 6, Jc. Marcelino 5, Caduyac 4, Baltazar 3, Liwag 3, Serrano 2, Ibanez 0, Tansingco 0, Cinco 0, Pretta 0, Marata 0.LETRAN 69 – Calvo 15, Quinto 13, Nambatac 12, Balagasay 9, Ambohot 8, Taladua 5, Balanza 4, Gedaria 2, Mandreza 1, Vacaro 0, Bernabe 0, Caralipio 0.Quarters: 29-20, 45-36, 64-54, 81-69. MJ Ayaay chipped in 12 markers and six boards, Mike Nzeusseu corralled a double-double with his 11 points and 13 rebounds, and Jayvee Marcelino got 11 markers, three boards, and two assists while linking up with his twin brother Jaycee for a bevy of impressive plays late in the game as Lyceum held off the hungry Knights.“Again, it’s really fun to watch if you see our players having fun: having fun playing their hearts out and having fun honoring the game. It’s the inspiration that’s really been there,” said coach Topex Robinson.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutThe youthful mentor admitted that there were times in the game where he felt that the Pirates would falter after losing a 16-point lead, 56-40, midway in the third quarter as the Letran reserves made a furious fightback and cut the deficit to five, 56-51, with less than three minutes remaining in the period.“It’s a bit scary because they caught up, but we know that they’re just gonna keep on playing. That’s what makes this group of guys really special,” said Robinson. Nonong Araneta re-elected as PFF president Bolick likens cohesive San Beda to Spurs Brace for potentially devastating typhoon approaching PH – NDRRMC View comments Read Next Fire hits houses in Mandaluyong City MOST READ Frontrow holds fun run to raise funds for young cancer patients Fire hits houses in Mandaluyong City Typhoon Kammuri accelerates, gains strength en route to PH For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. LATEST STORIES Lyceum halted that rally behind Perez and Wilson Baltazar before the Marcelino twins weaved their magic in the fourth period to drub the Knights.Letran fell to an even 8-8 slate but remained in fourth spot with two games left.JP Calvo topscored for the Knights with 15 points and two assists, but failed to finish the game after suffering from cramps in the final five minutes of the fourth quarter.Bong Quinto missed out on a double-double with 13 markers and nine boards, while Rey Nambatac had 12 points and 15 rebounds in the defeat.The Scores:ADVERTISEMENT LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary San Beda, Lyceum early favorites ahead of NCAA Season 93 PLAY LIST 02:12San Beda, Lyceum early favorites ahead of NCAA Season 9301:31Go: Search for ‘perfect, honest man’ to lead PNP still on00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Photo by Tristan Tamayo/ INQUIRER.netLyceum emphatically denied Letran’s upset bid with an 81-69 victory to stay undefeated through 16 games in the NCAA Season 93 men’s basketball tournament Friday at Filoil Flying V Centre in San Juan.Coming off his career-best showing against San Sebastian last week, CJ Perez was once again stellar in the win, unleashing 10 of his game-high 24 points in the fourth quarter, to go with three rebounds, three assists, and three steals to keep the Pirates immaculate with two more games remaining in their eliminations schedule.ADVERTISEMENT BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Don’t miss out on the latest news and information.
NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Don’t miss out on the latest news and information. Sports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:07Trump talks impeachment while meeting NCAA athletes01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Irving, Brown lead Celtics to OT win over Wizards Brace for potentially devastating typhoon approaching PH – NDRRMC Read Next Perpetual Help still tied the game at 23 after miscue from Ella Viray, before Sattriani Espiritu put San Beda at the match point with a booming quick kill and Jowie Albert Verzosa gave the winning-point as she sent the ball straight to the net.“This is a great feeling because all the hard work the team put into the tournament finally paid off,” said San Beda head coach Nemesio Gavino in Filipino. “I told the players to slug it out in the third set and I was confident that they can do it.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“I know my players’ attitude and they will give it their all no matter who the opponent is.”Nieza Viray poured in 16 points to lead all scorers for San Beda while skipper Cesca Raqraquin and Ella combined for 16 points. AFP official booed out of forum San Beda Red Lions. Photo by Tristan Tamayo/INQUIRER.netSan Beda advanced to the championship round for the first time after denying University of Perpetual Help, 25-21, 25-15, 25-23, in the Final Four of the NCAA Season 93 women’s volleyball tournament on Friday.The Lady Red Spikers, though, nearly fought a longer battle after trailing 19-16 in the third set but managed to take control anew with a 23-21 lead off an error from the Lady Altas.ADVERTISEMENT 2 ‘newbie’ drug pushers fall in Lucena sting Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH MOST READ Typhoon Kammuri accelerates, gains strength en route to PH LATEST STORIES Cindy Imbo and Clemente had nine points apiece to lead the Lady Altas. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding View comments Slow and steady hope for near-extinct Bangladesh tortoises