VOL. 10 | NO. 85 | SATURDAY 10 OCTOBER 2020 | TIRUPATI | PAGES 8 | `5.00 www.thehansindia.com Forecast: Rain showers. Cloudy. Temp: Max.32°C. Min.26°C. Humidity: 57% Sunrise: 06:02 Sunset: 05:55 H Simultaneously published from Hyderabad | Warangal | Tirupati | Amaravati | Visakhapatnam | Khammam | Kurnool | Delhi H H Follow @ WINDOWS /thehansindia | ‘Best-before-date’ labels for sweets Piyush gets additional charge of Food Ministry New Delhi: A day after the demise of Union Minister Ram Vilas Paswan, President Ram Nath Kovind has given the additional charge of Ministry of Consumer Affairs, Food and Public Distribution to Railway Minister Piyush Goyal. Earlier, the Union Cabinet met and condoled the demise of Paswan, and also observed silence for two minutes in memory of the late leader. BUSINESS RBI goes for liquidity boost Mumbai: The Reserve Bank on Friday made an expected move by retaining key lending rates, but cheered investors and home buyers by giving a liquidity boost and an optimistic outlook. The central bank's Monetary Policy Committee, in its penultimate meet for 2020, decided to maintain the repo - or short-term lending - rate for commercial banks, at 4 per cent on the back of persistently high inﬂation, fanned in part due to supply side disruptions along with seasonal factors. S Report: P6 NATION Dhoni’s daughter gets rape threats New Delhi: Social media has turned out to be a mediator for the celebrities and the cricketers to connect with their fans and vice-versa. But a coin always has two sides. Social media also brings some disadvantages with it and it is the amount of hate people spread. The comments section of the celebrities and cricketers is sometimes ﬁlled with a lot of abuse. Most of the time, the socalled fans also drag their families into it. This time around the Chennai Super Kings (CSK) skipper MS Dhoni isn’t spared either. S Report: P7 /thehansindiaweb | /thehansindia | /thehansindia | /thehansindia H BOOSTING REALTY RBI REJIGS HOME LOAN NORMS Best vaccine against chaos Differential risk weights are applicable to individual housing loans Sweet stalls will now showcase date of manufacturing and best before date as per new rules by the food regulator FSSAI RANI DEVALLA mented. With the government announcing lockdown relaxations gradually, the food inspectors intend to visit sweet stalls and bakeries to ensure compliance of the order. “The exercise of serving notices to the sweetshops and bakeries across the district has begun. Also, we are planning to create awareness among the mithaiwalas about the food safety standards they have to follow. Cases will be booked against those who fail to comply with the order,” M Koteswara Rao, Food Safety Officer, GVMC. In Visakhapatnam, there are about 400 to 500 small to big sweet outlets. There is no mechanism to monitor the date of manufacturing of the sweets at the counters, especially the ones kept on the trays and in large containers. Continued on Page 7 Visakhapatnam: Sweet sellers will now have to display the manufacturing date and best before date labels of their products along with the price tags. Food Safety and Standards Authority of India (FSSAI) exhort shop owners to comply with the new labelling and make sure that the products they sell do not pose any potential risk to the customers after consumption. The move comes in the wake of multiple instances of selling stale and expired sweets to the customers. The FSSAI issued orders for the ‘mithaiwalas’ to exhibit best before date and date of manufacturing a few months before. But due to the corona virus pandemic followed by the closure of the outlets, the new norm could not be imple- Mumbai: In a bid to improve liquidity for home buyers and boost realty demand, the Reserve Bank of India (RBI) has decided to rationalise the risk weights of new individual home loans sanctioned up to March 31, 2022. Under the extant regulations, differential risk weights are applicable to individual housing loans, based on the size of the loan as well as the loan-to-value ratio (LTV). Addressing the media after the Monetary Policy Committee's bi-monthly meeting, RBI Governor Shaktikanta Das said: "In recognition of the role of the real estate sector in generating employment and economic activity, it has been de- UN food agency WFP wins Nobel Peace Prize cided to rationalise the risk weights and link them to LTV ratios only for all new housing loans sanctioned up to March 31, 2022." He noted that the move is expected to give a ﬁllip to the real estate sector. Realty players have hailed the decision which would boost liquidity for the prospective home buyers. "The linking of risk weight of home loans to LTV for all new housing loans is a step in the right direction, this will beneﬁt the real estate sector," Krish Raveshia, CEO, Azlo Realty said. Minor reshuffle of IAS officers on cards H ANS N EWS S ERVICE Amaravati: A minor administrative reshuffle appears to be on cards. This includes shifting of three IAS officers who so far never got a chance to work as Collectors in districts and shuffling of secretaries of various departments. It is learnt that A Surya IF BIDEN WINS… ‘Communist’ Kamala will take over, says Trump Washington: United a lie.” The US PresStates President ident called ‘unDonald Trump on likeable’ and Thursday lashed out claimed she did at Democratic viceterribly during the presidential nomidebate with Vice nee Kamala Harris, President Mike calling her a ‘monPence, who is his ster’ and a ‘Commurunning mate. nist’. Trump also Democratic vice presidential candidate Kamala “She’s worse than claimed that Harris Harris, and President Donald Trump a socialist, she is a will take over as Communist,” President in a month if told the Fox news channel Trump said. “She wants to Democratic presidential over the phone, while reopen up the borders to alnominee Joe Biden won ferring to Wednesday’s low killers and murderers November elections. vice-presidential debate. and rapists to pour into our “This monster that was “This monster, she says, country.” Trump claimed onstage with Mike Pence, ‘no, no, there won’t be that Biden will not last as who destroyed her last fracking,’ there won’t be President for two months. Continued on Page 7 night, by the way,” Trump this. Everything she said is Kumari, 2008 batch IAS officer, working as VC and MD, AP State Civil Supplies Corporation Ltd, and two others will be appointed as Collectors. Surya Kumari may be appointed as Kurnool district Collector, according to sources at the Chief Minister’s Office. The sources also informed that all the RUDRAM 1 SUCCESSFULLY TEST-FIRED New Delhi: India on Friday successfully test-ﬁred Rudram 1, the tactical anti-radiation missile that the Indian Air Force can launch from its Sukhoi30MKI ﬁghter jets to take down enemy radars and surveillance systems. The missile has a launch speech of up to 2 Mach, twice the speed of sound, people familiar with the matter said. The Defence Research and Development Organisation developed the new generation weapon. It was tested at the interim test range Balasore, off the coast of Odisha in the Bay of Bengal, at about 10.30 am. Continued on Page 7 three IAS officials would be new to the Collector post. They did not get a chance to serve as the Collector so far. Apart from shuffling the collectors, the government is also contemplating to change the positions and departments of other senior and junior IAS officials. Oslo/Geneva: The United Nations’ World Food Programme (WFP) won the Nobel Peace Prize on Friday for its efforts to combat hunger around the world and improve conditions for peace in areas affected by conflict. The Rome-based organisation says it helps some 97 million people in about 88 countries each year, and that one in nine people worldwide still do not have enough to eat. “The need for international solidarity and multilateral cooperation is more conspicuous than ever,” Berit Reiss-Andersen, chairwoman of the Norwegian Nobel Committee, told a news conference. She called the WFP a driving force in efforts to prevent the use of hunger as a weapon of war and conflict, and said the Covid-19 pandemic, which the WFP says could double hunger worldwide, had made it even more relevant. “Until the day we have a medical vaccine, food is the best vaccine against chaos,” the Nobel committee said in its citation. “There is an estimate within the World Food Programme that ... there will be 265 million starving people within a year, so of course this is also a call to the international community not to underfund the World Food Programme.” WFP runs a logistics service that has dispatched medical cargoes to over 120 countries throughout the pandemic to help governments and health partners fighting Covid-19. It also has provided passenger services to ferry humanitarian and health workers where commercial flights were unavailable. “At a time when we are living through a global pandemic, the need for food, humanitarian help has intensified,” Reiss-Andersen told Reuters. Continued on Page 7 India gets 2nd tranche of Swiss bank a/c details Sizeable number of Indians among 3 million accounts New Delhi: India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's ﬁght against black money allegedly stashed abroad. India is among the 86 countries with which Switzerland's Federal Tax Administration (FTA) has exchanged information on ﬁnancial accounts within the framework of global standards on AEOI this year. India had received the ﬁrst set of details from Switzerland in September 2019 under AEOI (Automatic Exchange of Information), when it involved 75 countries. The information ex- change this year involved nearly 3.1 million (31 lakh) ﬁnancial accounts, FTA said in a statement on Friday. The number of such accounts was similar in 2019. While the statement did not explicitly name India among the 86 countries, officials said that India is among the prominent countries with which Switzerland has shared details about ﬁnancial accounts of clients of Swiss banks and various other ﬁnancial institutions. The officials further said a "sizeable number" relates to Indian citizens and entities in the overall exchange of information about over three million ﬁnancial accounts by Switzerland this year with 86 countries. Continued on Page 7 Changes in H1B will attract best minds: US Washington: The changes to the US H1B foreign workers visa will help attract the best and the brightest minds from across the world, a top US official said on Thursday. The new interim ﬁnal rules published on Thursday by the Department of Homeland Security (DHS) and Department of Labour (DL) narrows down the definition of “specialty occupation”. It requires companies to make “real” offers to “real employees” by plugging loopholes and preventing the “displacement” of the American workers. The H1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. “I just reject their premise that this will somehow get in the way of bringing the best and the brightest,” Acting Homeland Security Deputy Ken Cuccinelli told Fox Business in an interview on Thursday. The Department of Labour regulation will raise those wage requirements for these high-tech workers and will make Americans more competitive. He said low-paid foreign workers who undercut Americans and depress wages would be screened. The regulations by the DHS will stop third-party companies from subcontracting out H-1B employees. “This is where you hear the horror stories of Disney and AT&T and the TVA where Americans have to train their foreign replacements. Well, that is coming to an end under President Donald Trump with this set of regulations,” Cuccinelli said. Representing top technology companies from the Silicon Valley, the FWD.US, a pro-immigration lobby group, alleged the new rules will be implemented without consideration of American people’s comment. “The Trump Administration continues to do everything it can to make it harder for immigrants to contribute to their families, communities, and economy. These policies are yet another roadblock for US businesses to hire critically needed workers with specialised skills,” said Todd Schulte. “Because these rules impose obligations completely disconnected from real world labour markets, many immigrants who have lived in the country for years may now be unable to extend their status here, while international graduates of US colleges and universities will be unable to change status here to work and will thus have no choice but to leave the country, taking their US education and training with them,” he said.
thehansindia.com is a news portal which strives to keep you hooked on to news-as it happens. Our team aims to keep you abreast with whatever is making headlines across the world including politics, business, sports, lifestyle and entertainment. thehansindia.com is a part of The Hans India, an English Daily published across Telangana and Andhra Pradesh. The newspaper was launched in 2011 and publishes editions from Hyderabad, Visakhapatnam, Amaravati, Rajahmundry, Khammam, Kurnool, Nizamabad, Tirupati and Warangal simultaneously, the newspaper is on its way to becoming the leading English Newspaper in Telangana and Andhra Pradesh. We are soon going national too. The Newspaper is owned and operated by Hyderabad Media House Ltd, which also runs the Telugu-language news channel, HMTV. In a nutshell, we closely highlight socio-economic development of India in general and the two Telugu states in particular.