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The official death toll in northeast Delhi’s riots rose to 42 on Friday with four more people dying at Guru Tegh Bahadur Hospital. The Jumma prayers, meanwhile, passed off peacefully. Policemen and paramilitary forces kept a close watch, with drones deployed above, during the 10 hours of section 144 being relaxed. The police are, however, still looking for AAP councillor Tahir Hussain.
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Panic in the stock market over the spreading coronavirus continued into a seventh day on Friday, with world share markets crashing again, compounding their worst week since the 2008 global financial crisis and bringing the global wipeout to $5 trillion. The sell-off is fueled mostly by worry that measures to contain the virus would hamper corporate profits and economic growth
The country’s quarterly economic growth slowed to a near seven-year-low in the October-December period of 2019-20, dragged down by a contraction in manufacturing and electricity, as per the National Statistical Office (NSO) . The October-December GDP growth of 4.7% is the slowest in 27 quarters and slowest since the 4.3% expansion in the January-March quarter of 2012-13.
The sensex suffered its second-worst single-day loss ever in terms of points on Friday, falling in tandem with global markets. Asian markets had lost 2-3% by the time the Indian market opened. The sensex fell nearly 1,000 points in early trade and slipped further to close down 1,448 points. The decline alone wiped out Rs 5.5 lakh crore of investor wealth.
The rapid spread of the coronavirus increased fears of a pandemic on Friday, with 6 countries reporting their first cases and the World Health Organization raising its global spread and impact risk alert to "very high". World shares fell again, winding up their worst week since the 2008 global financial crisis and bringing the global wipeout to $6 trillion.
The NIA on Friday arrested an operative of terror group Jaish-e-Mohammed for his alleged involvement in the Pulwama terror attack last year, officials said. Officials said that 22-year-old Shakir Bashir Magrey, a furniture shop owner and resident of Pulwama, had provided shelter and other logistical assistance to suicide-bomber Adil Ahmad Dar.
BCCI president Sourav Ganguly on Friday said the next Asia Cup will be held in Dubai, paving the way for both India and Pakistan to participate in the continental tournament. Pak was the designated hosts for the tournament in Sept, but BCCI made it clear that the Indian team would not be able to travel to the neighbouring country owing to security concerns.
The Delhi government has given its approval to the police to prosecute former Jawaharlal Nehru University Students’ Union president Kanhaiya Kumar and others in a sedition case for allegedly raising anti-India slogans during an event inside the university campus in Feb 2016. The approval was awaited for a long time. Police filed the charge sheet in Jan last year.
India's gross domestic product (GDP) growth for the third quarter (October-December) stood at 4.7 per cent from 5.1 per cent in the July-September quarter, government data showed on Friday. The revision for the September quarter was up sharply from the 4.5 per cent preliminary report, which would have been the weakest growth in more than six years.
India on Friday advised Pakistan's top leadership to stop terror funding and dismantle terrorist camps operating from its soil while decrying Islamabad's efforts to derail the positive developments in Jammu and Kashmir. India's statement came a week after the global terror financing watchdog FATF in Paris decided to retain Pakistan in its 'Grey List'.
Countries on 3 continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic and investors dumped equities in expectation of a global recession. Coronavirus panic sent world share markets crashing again, compounding their worst week since the 2008 global financial crisis and bringing the wipeout to $5 trillion.
Domestic equity indices tanked sharply on Friday tracking global markets on growing fears that the coronavirus outbreak could derail economic growth. The benchmark BSE sensex dived 1,448 points or 3.64% to close at 38,297; while the broader NSE Nifty moved 432 points or 3.71% to close at 11,202. Stocks wiped nearly Rs 5.5 lakh crore of investor wealth.
Maharashtra's Maha Vikas Aghadi government has proposed to extend five per cent reservation to Muslims in educational institutes, minority affairs minister Nawab Malik said on Friday. The state government will ensure that legislation is passed soon. He assured the House of taking "appropriate action" in this regard before the beginning of admissions in schools.
Equity indices crashed on Friday with the benchmark BSE sensex plunging over 1,100 points amid rising concerns on global spread of coronavirus. Sensex dived 1,140 points or 2.87 per cent to 38,605; while the broader NSE Nifty cracked 348 points or 2.99 per cent to 11,285.
India has confirmed just three cases while the Indian government says 23,531 people are under observation. While India's numbers look tiny, the WHO has warned that new cases are appearing faster outside China than those within the country where the virus originated. Dense population, patchy health-care system and high rate of migration put India at risk.