Follow us on: RNI No. APENG/2018/764698 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From ANALYSIS 7 MONEY 8 SPORTS 11 VIJAYAWADA DELHI LUCKNOW THE ART SENSEX DROPS 260 PTS AS RBI BCCI MADE NO COMMITMENT BHOPAL RAIPUR CHANDIGARH OF SURVIVA MEASURES FAIL TO CHEER INVESTORS ON SA TOUR: DHUMAL BHUBANESWAR RANCHI DEHRADUN HYDERABAD *Late City Vol. 2 Issue 200 VIJAYAWADA, SATURDAY MAY 23, 2020; PAGES 12 `3 *Air Surcharge Extra if Applicable MAHESH APPEALS TO ‘MASK UP' { Page 11 } www.dailypioneer.com NIZAMABAD LOCAL BODIES MLC AMAZON TO HIRE 50,000 IN INDIA RBI RAMPS UP ECONOMIC SUPPORT; CUTS PM'S PACKAGE "CRUEL JOKE ON ELECTION ONCE AGAIN POSTPONED AS LOCKDOWN BOOSTS DEMAND INT RATES, EXTENDS MORATORIUM COUNTRY": SONIA AT OPPN MEET he Election Commission of India (ECI) issued orders postponing the bye mazon.com Inc’s India unit said it would hire 50,000 temporary workers to he Reserve Bank of India (RBI) on Friday slashed interest rates, extended he government has abandoned any pretence of being democratic, has Telection to the Telangana legislative council from Nizamabad local Authorities Ameet a surge in online shopping in the country, where customers have been moratorium on loan repayments and allowed banks to lend more to Tno compassion for the poor and has embarked on a "wild adventure Constituency 45 days. Dr. Shashank Goel, Chief Electoral officer, Telangana said stuck indoors for two months in a lockdown to fight the coronavirus outbreak. Tcorporates in an effort to support the economy which is likely to contract of so-called reforms" including a grand clearance sale of public sector in a press release here on Friday that the Election Commission of India on May E-commerce firms faced massive disruption in the initial for the first time in over four decades. The benchmark repurchase (repo) rate units, Congress president Sonia Gandhi said today during 22, further extended the by elections. On March 5, the Election Commission of days of the lockdown in India, but a slow easing of the was cut by 40 basis points to 4 per cent, Governor Shaktikanta the first online meeting of opposition parties to discuss India declared schedule for bye election of MLC seat from Nizamabad stringent regulations has allowed them to resume large Das said announcing the decisions taken by the central bank's the coronavirus crisis."All power is now concentrated in under the Local Authorities Constituency to fill in the vacancy. The parts of their operations. "We want to continue helping Monetary Policy Committee (MPC) that met ahead of its one office, the PMO," the Congress president said in a election was supposed to be held on April 7. However the customers all over India get everything they need so scheduled meeting in early June. Consequently, the reverse searing critique of Prime Minister Narendra Modi and election was postponed due to Covid-19 outbreak and the they can continue to practice social distancing," Amazon repo rate was reduced to 3.35 per cent from 3.75 per cent. his government over its Covid response. The spirit of resultant lockdown. The vacancy arose because of senior executive Akhil Saxena said in a statement on the He said the MPC had voted to maintain its accommodative federalism, which is an integral part of our disqualification of R Bhoopathi Reddy on January 16 2019. company's blog. stance, implying more rate cuts in the future if need arises. Constitution, is all but forgotten. RBI cuts rates, HC orders send shockwaves in AP govt extends loan On same day, court revokes ABV suspension, removes YSRCP colours, tells CBI to probe doc manhandling moratorium PNS n MUMBAI PNS n VIJAYAWADA ernment issued GO 623 even Venkateswara Rao and his after the Supreme Court and reinstatement by the High The Reserve Bank of India Friday was a day of major set- the High Court clearly deliv- Court. (RBI) on Friday slashed inter- backs to the YSRCP govern- ered judgments on the party Adding salt to the wound, est rates, extended moratori- ment, with the Andhra Pradesh colours to the government the High Court also ordered um on loan repayments and High Court issuing three sep- buildings. the government to assign him allowed banks to lend more arate directions that are being The court directed the CS, a post and also pay his salary to corporates in an effort to Bengal suffered seen to be against the ruling Panchayat Raj department and for the entire period of suspen- support the economy which party and the administration State Election Commissioner to sion. is likely to contract for the losses of itself. give clarification by 28 of this The High Court has also set first time in over four Rs 1 lakh crore due Not only did the High Court month. aside the directions given by decades. order a CBI probe into the Ordering initiation of con- the CAT related to The benchmark repur- to Amphan alleged manhandling of a sus- tempt of court proceedings, the Venkateswara Rao's suspen- chase (repo) rate was cut by pended government doctor by AB Venkateswara Rao HC expressed it outrage over sion citing misappropriation of 40 basis points to 4 per cent, the police, it also scrapped what it was was an attempt at funds in purchasing the police Governor Shaktikanta Das GO 623 regarding the choice of High Court scrapped GO 623, subterfuge. department equipment. AB said announcing the deci- 4 colours to be painted on gov- ordering a CBI probe into the culmination of a series of issued to impose the colours of The attempted subterfuge Venkateswara Rao is an IPS sions taken by the central ernment buildings, and the alleged manhandling and events makes it appear to be a choice of the government on angered the High Court. officer of 1996 cadre of AP. He bank's Monetary Policy deepest cut of all was the revo- harassment of a suspended rap on the administration itself. gram panchayat and other gov- The third, and most telling served as the Intelligence Chief Committee (MPC) that met cation of suspension of AB government doctor by police The second direction by the ernment office buildings across blow to the government was during the Chandrababu Naidu ahead of its scheduled meet- Venkateswara Rao, former IB was not directly against the High Court was more direct, the state. the overturning of the suspen- regime. ing in early June. chief. government per se, the fact that and more critical of the govern- The High Court sough an sion of IPS officer and former REPORTS ON PAGE 3 While the first direction, the sordid episode was the ment and its decision. The explanation as to why the gov- Intelligence chief AB 3 ReStart package launched, AP to get 2 tmc ft from Nagarjunasagar power bills of MSMEs waived At KRMB meeting, all parties avoid reference to contentious GO 203 PNS n HYDERABAD ing. In the meeting, the AP PNS n VIJAYAWADA all the minimum power package to boost up the government requested the demand charges of MSMEs MSMEs and create employ- The Krishna River Board to allocate 2 tmc ft of PM announces Chief Minister YS Jaganmohan during the months of April, ment. MSMEs is one sector Management Board (KRMB) water as part of the assured Reddy has given the much- May, and June at an estimated which provides employment to has accepted a request by the allocations for the month of Rs 500 cr relief needed boost to MSMEs with amount of Rs 188 crores will be locals, he said. Andhra Pradesh government May. The AP government for cyclone-hit the launch of Rs 1,110 crore waived and Rs 200 crores are The Chief Minister further for the release of 2 tmc ft of pointed out that this quantum ReStart package and releasing going to be provided as input announced that the State gov- water from Nagarjunasagar is part of the drinking water Odisha Rs 450 crores as the first instal- capital to the firms at low- ernment has identified around for the state’s drinking water needs and must be released as ment that would benefit near- interest rates which would put 360 items to be purchased requirements. the water year will be complet- ly 98,000 units that employ the MSMEs back on rails. from MSMEs and all those Telangana state, represented ed by the end of the month. more than 10 lakh people. The Chief Minister stated payments will be cleared in a by its engineer-in-chief Muralidhar Rao later told 5 During a videocon- that the previous govern- period of 45 days. Of the total Muralidhar Rao did not object reporters that Telangana gov- ference with district ment did not pay nearly purchases, almost 25 percent of to AP’s request when it came the Jal Souda in Hyderabad on Paramesham and AP engi- ernment responded positively Collectors and entre- Rs 828 crore of industri- the purchases are to be done up before the KRMB’s three- Friday. neer-in-chief Narayana Reddy to AP’s request. preneurs held here al incentives between from micro and small enter- member committee that met at KRMB member secretary also participated in the meet- on Friday, the Chief 2014-2019. In order to prises, four percent from SC- 3 Minister released the strengthen the MSME ST community enterprise, and amount towards the sector during this three percent from Women Government: pending industrial emergency entrepreneurs. incentives to situation, The Chief Minister instruct- Centre unabashedly usurping Lockdown kept at MSME sector, the State ed the district Collectors to lay despite the govern- special focus on the MSME bay 14-29 L cases deep finan- ment segment and assign a Joint powers of states: Oppn parties cial crisis.