5.45L Cr Wealth Wiped out Right to Go on Strike’ Zohar: 12.27 Pm Asar: 3.43 Pm RAVI RANJAN PRASAD | DC MUMBAI, FEB
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c m y k c m y k THE LARGEST CIRCULATED ENGLISH DAILY IN SOUTH INDIA CHENNAI I SATURDAY 29 I FEBRUARY 2020 WEATHER Max: 24OC Min: 23OC Rainfall: Nil NATION | 7 SPORT | 14 TABLOID Forecast: T20 can’t survive without The lucky Hazy sunshine; air AAP gives nod to quality will be unhealthy Test cricket: Hadlee charms! for sensitive groups prosecute Kanhaiya ASTROGUIDE www.facebook.com/deccannews, www.twitter.com/deccanchronicle, www.deccanchronicle.com Vol. 15 No. 333 Established 1938 | 32 PAGES | ` 3.00 Vikari: Masi 17 Tithi: Sashti Star: Bharani HC QUASHES CHARGE MEMOS, TRANSFERS Rahukalam: Sensex crashes 1,448 pts, 9 am to 10.30 am Yamagandam: ‘Govt docs have no 1.30 pm to 3 pm PRAYERS Fajar: 5.18 am `5.45L cr wealth wiped out right to go on strike’ Zohar: 12.27 pm Asar: 3.43 pm RAVI RANJAN PRASAD | DC MUMBAI, FEB. 28 CORONA CARNAGE STOKES DC CORRESPONDENT 6.17 pm Maghrib: ECONOMIC PANDEMIC CHENNAI, FEB. 28 Isha: 7.29 pm Maha to provide The coronavirus scare led Big Crash SUNSET TODAY 6.18 PM to sheer mayhem in global Sensex crashes 1,448 pts; `5.45 lakh cr The list of countries Acting in public interest, the SUNRISE TOMORROW 6.26 AM 5% quota for equity markets on Friday investor wealth wiped off hit by the illness grew Madras high court on on fears that the rapid Friday quashed all the 135 MOONRISE TODAY 10.03 AM spread of the deadly virus In the US, a stock to 57 with Belarus, charge memos/transfer MOONSET TOMORROW 10.47 PM Muslims in could nudge the global market sell-off Lithuania, New orders issued to government economy into a recession. erased more than Zealand, Nigeria, doctors who allegedly spear- The massive global sell-off $2 trillion in Azerbaijan headed an agitation in COUNTER POINT education extended into the Indian wealth in a matter and the Tamil Nadu in October 2019, Mumbai, Feb. 28: Mah- market and equity bench- Netherlands as “tainted and malafide” ● of days and sent Threats “Patients cannot arashtra’s Maha Vikas marks Sensex and Nifty-50 the Dow plummet- reporting exercise of power by the be means to an end, Aghadi government has fell more than 3.5 per cent. to livelihoods their first State government, but also ing 1,191 points were increasingly they cannot be mere proposed to extend five With large markets like Thursday, marking the cases made clear that “govern- per cent reservation to the US and Europe report- eyed as warily as the ment doctors do not have a playthings whose life biggest one-day drop threats to lives. can be put on the Muslims in educational ing virus infection cases, in the index's history. right to go on a strike/boy- institutes, minority affa- the market fears that the cott”. line to achieve other irs minister Nawab Mal- global supply chains could Allowing a batch of writ ends through the ik said here on Friday. be derailed. With more INDIAN India’s economic India's economic Indian rupee petitions challenging the medium of strikes,” The state government than 50 countries reporting growth slows to 4.7 pc growth slows to 4.7 pc tumbles 60 paise charge memos, transfer the Judge said will ensure that a legisla- confirmed cases, US equity ECONOMY in October-December in October-December to 72.21 (provi- orders issued on the above tion to this effect is benchmark Dow Jones 2019, from 5.6 pc a 2019, from 5.6 pc a sional) against doctors who were said to be Medical Education (DME) passed soon, the minis- Industrial Average fell 4.42 year ago: Govt data. year ago: Govt data. US dollar. in the forefront of the agita- and Director of Medical and ter informed the State per cent, or 1191 points on tion — after they had called Rural Health Services, the Legislative Council. Thursday, the most in his- off their strike and returned Judge directed that at the He also assured the tory and triggered a 3-4 per ● The Sensex finally to duty on November 1, 2019, next ‘transfer counseling’ all House of taking “appro- cent fall in major Asian closed 1,448.37 India’s Q3 GDP on the assurance of the Chief the transfer orders issued priate action” in this markets. points, or 3.64 per Minister and State Health against the petitioners be regard before beginning Sensex and Nifty-50 had Minister that their long- recalled and all petitioners Market report cent down, at 38,297 24 ct (1 gm): `4,250.00 of admissions in schools. big gap down opening by pending demands including “restored to their original Malik was responding to more than 2 per cent and points, its second- growth dips to 4.7% pay revision would be position.” GOLD 22 ct (1 gm): `4,064.00 a question raised by the Sensex plunged over biggest fall in history, redressed - Justice N Anand Pulling up the SILVER Bar (1 Kg): `49,570.00 Congress legislator 1,000 points in the very first while the Nifty-50 New Delhi, Feb 28: quarter (July-September) of Venkatesh of the High Court Government for not being a Sensex 38,297.29 pts Sharad Ranpise. hour of trading and the closed 3.71 per cent, India’’s GDP growth slip- the ongoing fiscal, the eco- also closed the connected ‘model employer’ in this INDICES Nifty 11,201.75 pts Union minister Ram- index recorded an intra- or 431.55 points ped to a nearly 7-year low nomic growth was revised miscellaneous petitions. instance, the court held that EXCHANGE US$: `72.21 Euro: 79.34 das Athawale on Friday day fall of 1,525.69 points. of 4.7 per cent in October- upwards to 5.1 per cent from About 18,000 doctors par- the charge memos and said the announcement The Sensex finally closed down at 11,201.75 December 2019, weighed 4.5 per cent estimated earli- ticipated in the week-long transfer orders smacked of of five per cent quota to 1,448.37 points, or 3.64 per net sellers of equities by a contraction in manu- er. agitation after several pleas ‘vindictiveness’ and “are Strict law to check Muslims in education in cent down, at 38,297 points, worth `1,428.74 crore while facturing sector output, Similarly, the first quarter to the State Government clearly punitive in nature”. Maharashtra is NCP and its second-biggest fall in the domestic institutions according to official data growth was revised since January 2019 were of “The fact that the interruption of House Congress’ attempt to put history, while the Nifty-50 did the heavy lifting with released on Friday. upwards to 5.6 per cent from no avail. After a careful Government is yet to come proceedings: Speaker ally Shiv Sena in a fix. closed 3.71 per cent, or net buying worth `7,621.16 The Gross Domestic 5 per cent. The GDP growth perusal of all the submis- out with a solution for the Athawale said the Sena 431.55 points down at crore as per the provisional Product (GDP) growth was for the December quarter is sions and documents pre- demands made by the New Delhi: Lok Sabha had been opposed to 11,201.75. data. recorded at 5.6 per cent in the lowest since January- sented by both sides, Justice Government doctors, shows Speaker Om Birla on Friday “such reservation” (bas- The mad sell-off wiped Vinod Nair, head of the corresponding quarter March of 2012-13, when it Anand Venkatesh said in that they are more interest- said a strict law will be ed on religion) and reit- out investors’ wealth Research at Geojit of 2018-19. In the previous stood at 4.3 per cent. his 72-page order, “this court ed in punishing the doctors formed to check interruption erated that Chief worth `5,45,452.52 crore, Financial Services said, has absolutely no hesitation than finding a solution for of proceedings and stop Minister Uddhav Thack- with the total market capi- “This fall is in the back- The volatility index India rect.” in coming to a conclusion their demands. Doctors members from entering into eray, who is also the talisation of BSE-listed drop of coronavirus infec- VIX soared as much as 33.4 Shrikant Chouhan, that the transfer orders and going on a strike/boycott, is the Well of the House. president of that party, companies coming down to tions cropping up in per cent during the day, senior vice-president, equi- the charge memos issued to a very rare phenomenon In a meeting with a group of should walk out of the `1,46,94,571.56 crore from Europe, the Americas and indicating a spike in ty technical research, the petitioners are clearly which does not happen very journalists from the Indian Maha Vikas Aghadi gov- `1,52,40,024.08 crore the WHO warnings of a global volatility and fear among Kotak Securities, said, tainted with malafide, and it often. Unfortunately, the Women's Press Corps ernment and reunite day before. pandemic. This fear com- the market participants. “Coronavirus is affecting has been issued only to pun- Government pushed the (IWPC) at the Parliament with the BJP. — PTI During the week, the bined with the fact that Jimeet Modi, founder & the world markets and ish the petitioners who were doctors to take the extreme House, Birla said the draft for Sensex plunged by 2,872.83 markets had already run CEO, Samco Securities, fuelling worries of a global spearheading the agitation.” step, and now the Gover- such a law is being prepared.