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Cristiano Ronaldo visits his first club Nacional

Portuguese football star Cristiano Ronaldo visited his boyhood club Nacional in Madeira recently and shared pictures of the experience on social media. Unlike other parts of the world, Portugal is not in complete lockdown due to the Coronavirus pandemic, so Cristiano, who is currently at home in Madeira anyway, did not breach any regulations for this local trip.

Cristiano played for second-tier side Nacional as a junior (1995-1997) before moving to Sporting Lisbon. In one of the pictures (above) Cristiano, 34, posted to his 213 million Instagram followers, he is seen standing next to a trophy cabinet which includes photographs of himself during his younger days. "It's always good to come back home @CDNacional," he captioned his post. Nacional were quick to reply, saying: "You're always welcome in your home."

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Patrice Evra: Got death threats after Luis Suarez racism row in 2011

Former Manchester United defender Patrice Evra has said he received death threats following a racism row involving then-Liverpool forward Luis Suarez in 2011. Uruguay striker Suarez was banned for eight matches by the English Football Association after being found guilty of misconduct for insulting comments to Evra, which included a reference to the left-back's skin colour, at Anfield in October that year. Liverpool, however, mounted a prolonged and public defence of Suarez's conduct as the row between the rival clubs escalated.

Evra said one consequence of the backlash included letters threatening the Frenchman and his family. "Manchester United received so many threatening letters about me," Evra told the club's UTD podcast. "People said: 'We're in jail, we're Liverpool fans. When we get out, we're going to kill you and your family'." Evra said the nature of the threats meant he had to be protected by bodyguards.

"For two months, I had security everywhere I went. They were sleeping in front of my house. Everywhere I went, the security followed me. "It was a tough time, but I wasn't scared. My family were scared: my wife and brother, but I wasn't. "I couldn't understand why people hated me so much. They didn't know the truth." Evra, who saw his attempt to shake hands with Suarez before a match the following February rebuffed by the striker, said he had forgiven his old antagonist and even spoke to the now Barcelona star before the 2015 Champions League final when playing for Juventus.

But it was a very different story at the time , which saw Evra forcing himself to control his emotions after reporting the incident to match referee Andre Marriner, who said it would be dealt with after the game and that both players should continue.

"I remember, during that game, I was talking to myself saying: 'If you punch him now, people will see you as the bad one, people will forget about what he said'," recalled Evra. "I was talking to myself: 'Don't do... do it...' I wasn't focused for the game."

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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FM Nirmala Sitharaman Inherits an Economy Facing a Number of Headwinds

Posted by Equitymaster
      

A former defense and trade minister, Nirmala Sitharaman became the first woman finance minister of India after Indira Gandhi.

She has inherited an economy facing a number of risks.

She faces immense challenges as finance minister. India's economy is starting to splutter on the back of a slow-down in consumption and private investment.

Fixing this and jump-starting the economy are the first order of business.

The data released on Friday was disappointing at different levels.

Lower growth in GDP, stagnant growth in core sector in April 2019, and the government just about managing the 3.4% deficit number in FY19 pose puzzles for the new Cabinet which assumes responsibility of kick-starting the economy.

A look at key macroeconomic indicators presents a gloomy picture.

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Sinking GDP Growth Means FM Nirmala Sitharaman has to Push for Sweeping Reforms

According to the data released by the Central Statistics Office on Friday, gross domestic product (GDP) grew by only 5.8% in the last quarter of financial year 2019 (FY19), between January and March.

GDP Growth Slips to 5-Year Low


The data demonstrates GDP growth slowing steadily, from 8 to 7 to 6.6% in the first three quarters of FY19.

The signs of slowdown are visible throughout the economy.

Growth of Core Sector Industries Remained Flat

India's core economy grew at 4.3% in FY19, its second slowest pace in the past 5 years, down from 4.9% in FY15, according to latest data by the ministry of commerce and industry.

The 8 core industries include Coal, Crude Oil, Natural Gas, Refinery, Fertilisers, Steel, Cement, and Electricity.

8 Core Sectors Report Flat Growth in FY19


The growth rate is also flat since fiscal FY18 which had also recorded a 4.3% growth.

Manufacturing and Services Sector Activity Decelerates

Core sector growth will have a direct impact on the Index of Industrial Production (IIP) as these sectors account for a major chunk of total factory output.

Worries Rise as Factory Output Shrinks in March


The Index of Industrial Production (IIP) and the Manufacturing Purchasing Managers' Index (PMI) are used to gauge the level of activity in the manufacturing sector.

What Does the PMI Say?


The country's manufacturing sector performance fell to an eight-month low in April as new business growth moderated, curbed by the elections and a challenging economic environment.

The Nikkei India Manufacturing Purchasing Managers' Index declined from 52.6 in March to 51.8 in April, reflecting weakest improvement in business conditions since August 2018.

However, this was the 21st consecutive month that the manufacturing PMI remained above the 50-point mark.

In PMI parlance, a number above 50 means expansion, while a score below that denotes contraction.

The April PMI data indicated a softer increase in new orders had restricted growth of output, employment, and business sentiment.

Further, the Indian service sector lost momentum in April, with rates of new business and output growth both cooling to seven-month lows.

Indian Service Sector Loses Momentum Too


Falling from 52.0 in March to 51.0 at the start of FY19, the seasonally adjusted Nikkei India Services Business Activity Index pointed to the weakest upturn in output since last September.

Besides these, there are many other indicators of a slowdown.

A decline in consumer demand, a slowdown in government spending, and weak private investment have likely impacted India's growth in the fourth quarter.

One such high frequency indicator is automobile sales.

What do these numbers indicate?

Vehicle sales are a very important economic indicator about how the people of India feel about their economic prospects.

After all, no one is forcing anyone to buy a car and given that if a consumer buys a car, he chooses to make a down payment and/or take on an EMI.

This is only possible if the consumer is feeling positive about his future economic prospects.

Automobile Sales Skid as Demand Remains Sluggish


On Saturday, India's largest carmaker, Maruti Suzuki, reported a 22% decline in sales in May, the lowest in seven years.

Other auto-makers such as Tata Motors, Eicher Motors, and Hero Moto Corp reported declines in sales too.

All these economic indicators basically provide evidence of the Indian economy slowing down further since January 2019.

Another major area that needs immediate attention by the government, is job creation.

According to a CMIE survey, the unemployment number stands at 41 million people. That is too big a number to be ignored.

Now, job creation at such a mass level won't be a walk in the park. To set the wheels in motion, the government will have to look at infrastructure spending.

Capacity expansion in new projects has seen a gradual slowdown in the past few years.

Infra Capacity Expansion Likely to Be the Key Focus of the Modi Government


From Rs 3.3 trillion in June 2018, the number has come down sharply to Rs 2.1 trillion as of March 2019.

Co-head of research, Tanushree Banerjee believes this is first area the government will look to focus on.

Apart from creating jobs in the infrastructure sector, it opens a lot of other avenues.

Here's an excerpt of what she wrote in The 5Minute WrapUp:

  • Better infrastructure will mean better connectivity to non-metros. This will attract manufacturing companies to set shop in these towns. It will give a boost to the urbanisation of the population.

    This is a trend I see clearly playing out in the coming years.

    Infrastructure spending -> Improved roads -> Increased two-wheeler sales.

    It is just one of the 50 irreversible trends I believe will carry the Sensex to 1,00,000.

Typically, when the capacity utilisation rises, it prompts companies to expand their capacities. If this gradual pick-up sustains, it could lead to a pick-up in private sector investment.

Thus, a revival in the investment cycle could be underway despite the current economic slowdown.

And, as far as equity markets are concerned, participants were expecting a weak fourth quarter growth data.

As such, the now published data may not weigh on the market but will raise expectations from the government and the RBI.

The pressure points in the form of finance, tax rates, infra expenditure, specific sector-related policies etc, must be addressed.

While the weak GDP data will be an important input for the Union Budget.

Most investors are now keen to know what's in store in the first week of July.

Warm regards,
Rini Mehta



This article (FM Nirmala Sitharaman Inherits an Economy Facing a Number of Headwinds) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Facing James Anderson in England is challenging, says Ajinkya Rahane

Over the years Ajinkya Rahane has faced several bowlers on different surfaces across the globe, but playing against England speedster James Anderson in his home country has been the most challenging task for the India Test vice-captain. While insisting that every bowler in international cricket is challenging, facing Anderson in English conditions was the toughest for Rahane by his own admission.

"(But) especially talking about one particular bowler - James Anderson in England is really challenging. He knows the conditions well. He (Anderson) is the one," said Rahane on an Instachat live chat orgainsed by his employer 'Indian Oil' on Tuesday. Rahane, who has amassed over 4000 runs in Test cricket and has a century in England, the West Indies apart from India, emphasised on the need to be mentally fit during the coronavirus-forced lockdown period.

"(At) this point of time, it is important to be positive mentally. Mentally, I'm visualising my cricketing stuff, batting. As an international athlete, cricketer, it is important to be mentally fit," said Rahane, who revealed that he is a Black belt holder judoka. Sporting activities across the globe, including cricket has come to a grinding halt because of the pandemic. Even this year's cash-rich Indian Premier League has been postponed indefinitely due to the deadly disease, which has claimed nearly 1,78,000 lives globally and more than 640 in India.

Even though he is disturbed by the suffering of people, Rahane looked at the positive side of the lockdown. "First of all, definitely this is a sad thing, which is happening. But, looking at the positive side, I'm getting time to spend with my daughter and family. My daughter is six-and-a-half months old, I'm lucky to be with her," the right-handed batsman said. He also said that batting legend Sachin Tendulkar, Rahul Dravid and tennis ace Roger Federer are his role models and meeting the multiple-time Grandslam champion at the 2015 Australian Open was a fanboy moment for him.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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KL Rahul: Pressure of replacing 'keeper MS Dhoni was huge

The pressure to replace iconic Mahendra Singh Dhoni behind the stumps was "immense" due to high expectations from fans says K L Rahul, who has been doing the wicket-keeping duty for India in the limited overs format for some time now.

Dhoni quit Test cricket in 2014 and has not played for India in the limited overs format since last year's ODI World Cup in England. Rahul kept the wickets in the limited overs series against Australia in January this year and also during the team's tour to New Zealand. "I was nervous when I was doing it for India because of the crowd pressure. If you fumble, people feel that you cannot replace MS Dhoni. The pressure of replacing a legendary wicket-keeper like MSD was immense as it involved people accepting someone else behind the stumps," Rahul told Star Sports on its show 'Cricket Connected'.

Rahul, who has played 32 ODIs and 42 T20Is, said keeping the wickets is not alien to him since he dons the gloves during the Indian Premier League (IPL) and also when he plays for his Ranji side Karnataka. "People who follow cricket know that I haven't been away from wicket-keeping for too long as I donned the gloves in the IPL and every time I played for Karnataka," the 28-year-old said.

"I am always in touch with wicket-keeping but am also somebody who is more than willing to take up the role if the team needs me to," he stressed. Dhoni's career is a matter of intense speculation. Many former players feel that it won't be easy for Dhoni to make it to the national squad for the upcoming T20 World Cup, scheduled to be held in Australia.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Empty grounds, the bigger issue facing T20 WC: Australia sports minister

Australia can deal with the challenge of getting teams into the country for the T20 World Cup but whether it is worth having the tournament in empty stadiums is the main point for consideration, feels sports minister Richard Colbeck. Travel restrictions and question marks over how long it would take to contain the COVID-19 pandemic has put the future of T20 World Cup and India's tour of Australia in doubt. Cricket Australia is staring at a staggering loss of 300 million Australian dollars if things don't go ahead as planned.

"I'd love to see an Australia-India Test series this summer and I'd really like to be able to see the World Cup go ahead "... the issue is not so much the teams as the crowds and that's probably one of the hurdles we really have to consider and probably one that world cricket will look at pretty closely as well," Colbeck told SEN Radio on Monday. He said logistics of hosting the event in the post COVID-19 world can be dealt with. "We all know the difference in atmosphere ... but in a team sense I'd like to think that we can build some protocols with the cooperation of the sport and the players, that's going to be extremely important, with appropriate quarantine and bio-security protocols to see if we can make the competition go ahead."

While T20 World Cup is scheduled for an October 18 start, India's tour of Australia will begin with a T20 tri-series in October and end with a four-match Test series in December. The legendary Allan Border has said it would defy belief to host a World Cup without spectators, while Australian all-rounder Glenn Maxwell and some other cricketers have also expressed similar sentiments. The International Cricket Council recenly said that preparations were still on for the 16-team tournament and a final decision will be taken by August.

Australia is considering making travel exemptions for the Indian team's tour Down Under to save the cricket board for the financial loss but Colbeck said they need to be careful in expanding exemptions to other nations for the T20 World Cup. "Those conversations are being had, discussions about what the protocols might look like," Colbeck said. "They will be difficult because one of the things that has been a key part of our success is that we limited access to Australia from areas where there were significant outbreaks of Covid-19 and that's contributed to the low rate of spread we have now. "But we would have to be prepared to consider appropriate plans put forward by the various codes."

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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European virus tracing apps put spotlight on privacy

The race by governments to develop mobile tracing apps to help contain infections after coronavirus lockdowns ease is focusing attention on privacy. The debate is especially urgent in Europe, which has been one of the hardest-hit regions in the world, with nearly 140,000 people killed by COVID-19. The use monitoring technology, however, may evoke bitter memories of massive surveillance by totalitarian authorities in much of the continent. The European Union has in recent years led the way globally to protect people's digital privacy, introducing strict laws for tech companies and web sites that collect personal information. Academics and civil liberties activists are now pushing for greater personal data protection in the new apps as well.

European authorities, under pressure to ease lockdown restrictions in place for months in some countries, want to make sure infections don't rise once confinements end. One method is to trace who infected people come into contact with and inform them of potential exposure so they can self-isolate. Traditional methods involving in-person interviews of patients are time consuming and labor intensive, so countries want an automated solution in the form of smartphone contact tracing apps. But there are fears that new tech tracking tools are a gateway to expanded surveillance. Intrusive digital tools employed by Asian governments that successfully contained their virus outbreaks won't withstand scrutiny in Europe.

Residents of the EU cherish their privacy rights so compulsory apps, like South Korea's, which alerts authorities if users leave their home, or location tracking wristbands, like those used by Hong Kong, just won't fly. The contact-tracing solution gaining the most attention involves using low energy Bluetooth signals on mobile phones to anonymously track users who come into extended contact with each other. Officials in western democracies say the apps must be voluntary. The battle in Europe has centered on competing systems for Bluetooth apps. One German-led project, Pan-European Privacy-Preserving Proximity Tracing, or PEPP-PT, which received early backing from 130 researchers, involves data uploaded to a central server.

However, some academics grew concerned about the project's risks and threw their support behind a competing Swiss-led project, Decentralized Privacy-Preserving Proximity Tracing, or DP3T. Privacy advocates support a decentralised system because anonymous data is kept only on devices. Some governments are backing the centralized model because it could provide more data to aid decisionmaking, but nearly 600 scientists from more than two dozen countries have signed an open letter warning this could, 'via mission creep, result in systems which would allow unprecedented surveillance of society at large.'

Apple and Google waded into the fray by backing the decentralized approach as they unveiled a joint effort to develop virus-fighting digital tools. The tech giants are releasing a software interface so public health agencies can integrate their apps with iPhone and Android operating systems, and plan to release their own apps later. The EU's executive Commission warned that a fragmented approach to tracing apps hurt the fight against the virus and called for coordination as it unveiled a digital 'toolbox' for member countries to build their apps with.

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- Furnished Accommodation - Free Medical and Transportation - Excellent Recreational facilities - Annual leave with ticket - Tax free Income, save all that you earn, no deductions - All facilities within the medical complex such as Salon, Laundry, Grocery

Company: Jesseena Marine Services Private Limited
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- Furnished Accommodation - Free Medical and Transportation - Excellent Recreational facilities - Annual leave with ticket - Tax free Income, save all that you earn, no deductions - All facilities within the medical complex such as Salon, Laundry, Grocery

Company: Jesseena Marine Services Private Limited
Experience: 3 to 5
location: Saudi Arabia
Ref: 24827519
Summary: Job Description : Vacancy for one of the Reputed Ministry of Defense -Military Hospital in Saudi Arabia. Criteria: - BSc / Post BSc Nursing from Govt. approved college through regular medium - minimum 3-5 years of ....




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Facility Manager Required For Canada | Australia

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Salary: 46.20 to 73.40
location: Australia, Canada
Ref: 24207899
Summary: Should be able to fulfill Job duties of Facility Manager & Ready to relocate to CAN & AUS




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Facing the Music of Modism....





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Part 1

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OECD releases system to reduce compliance cost and facilitate cross-border investment

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OECD holds a regional consultation on BEPS for Asia-Pacific in Indonesia

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Brazil, Jamaica and Uruguay expand their capacity to fight international tax avoidance and evasion

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The Platform for Collaboration on Tax releases discussion draft on effective capacity building on tax matters in developing countries

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OECD holds regional meeting of the Inclusive Framework on BEPS for the Asia-Pacific region

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Kuwait expands its capacity to fight international offshore tax avoidance and evasion

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OECD launches facility to disclose CRS avoidance schemes; over 1800 relationships now in place to automatically exchange CRS information between tax authorities

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