266_CH_14_Oct_2016

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CITY HILIGHTS Vol 1, Issue 266 ` 2.00/- Friday, October 14, 2016 www.ibcworldnews.com www.cityhilights.news English Daily 6 BUSINESS China assures wider market access for Indian products New Delhi: China has agreed to look into India’s concern expressed over providing greater market access to its domestic products to bridge the widening gulf between the two countries over trade market. The issue was raised and discussed in detail during the meeting held here in Capital city between Commerce and Industry Minister Nirmala Sitharaman and Wang Shouwen, Vice Minister for Ministry of Finance and Commerce, China, sources said. In a statement released by the commerce ministry said that the Chinese Vice- Minister assured that China would act on the concerns expressed by India regarding market access for Indian goods in the Chinese markets.” According to sources, Sitharaman raised concerns over the widening trade deficit between the two countries during the meeting in a strong voice. Meanwhile, both the leaders exchanged notes on trade and commerce and agreed that the “mounting bilateral trade deficit has been a cause for concern for India” which seeks greater market access for its goods for a long-term sustainable trade relationship, a statement said. Sitharaman requested expeditious clearances for import of Indian rice besides a Green Channel for import of Indian pharmaceutical products to China especially those which already have USFDA and EUFDA accreditation, it added. She also requested the Chinese Vice- Minister to consider demonstration of IT/ITeS projects for Indian companies - which have acquired global acclaim. “Sitaraman expressed concerns at the long drawn procedures for clearances which tend to frustrate the Indian companies seeking business opportunities in China,” it added. Adding further Sitharaman asked for ‘buying missions to India to source amongst other things, Indian tobacco and oil meals. On the other hand, the Chinese Minister informed that China has quickened the pace of granting clearances to Indian pharmaceutical companies for import of the pharma products, it said. FOOD & TRAVEL New food norms to open up value-added market The Food Safety & Standards Authority of India (FSSAI) is planning to come out with new guidelines on fortifying rice, milk, wheat flour, edible oil and salt soon as existing food standards require salt to be fortified with iodine. According to the draft of guidelines circulated among stakeholders, 850- 1,100 parts per million iron can now be added to salt in order to increase the level of micronutrients. It is believed that the move acquires significance since it opens up the value-added market for branded commodity players. The final guidelines are expected to be released by the end of October or in the first week of November, said sources. The authoritative board, FSSAI, recently held a food summit in Delhi to discuss the matter in detail. During the special meeting, FS- SAI’s Chief Executive Officer Pawan Kumar Agarwal had said the guidelines would help address the issue of malnutrition,” he said. Companies, scientists and researchers who are into the business attended the meeting and said to have shared their piece of mind over the issue. Few more from the companies are expected to participation in the two-day summit to discuss food fortification. “We will study the guidelines to see how we can come out with food that fits the requirements,” said S Nagarajan, managing director, Mother Dairy Fruit & Vegetables. R S Sodhi, managing director of Gujarat Co-operative Milk Marketing Federation, which manufactures the Amul brand of dairy products, welcomed the development. Toyota, Suzuki may drive together Japan’s automobile giants Toyota Motor Corp and Suzuki Motor Corp said they plan to explore a possible partnership, citing technological challenges and the need to keep up with consolidation in the global auto industry. Toyota invests hugely in research & development (R&D) on automated driving functions and artificial intelligence for mobility purposes, while cost-conscious Suzuki, which specialises in affordable compact cars, has not yet made any announcement on major strategic plans in order to stay in competent in new world of automotive technologies. Meanwhile, both the companies said that they had just begun discussing possible cooperation, so nothing was decided about areas in which they might collaborate. However Osamu Suzuki, chairman of Suzuki said in a news conference that his firm was struggling to keep pace with the breakneck speed of R&D, “R&D in the auto industry is changing rapidly. The future looks perilous.” A partnership between Toyota and Suzuki would be the latest in an increasingly consolidating auto industry. Nissan Motor Co. in May announced it was planning to take a controlling stake in embattled Mitsubishi Motors Corp. A partnership Suzuki had with Germany’s Volkswagen ended on a sour note last year, after the German carmaker accused it of violating their pact by agreeing a diesel engine deal with Italy’s Fiat. Toyota completed a buyout of Daihatsu Motors earlier this year. The world’s largest automaker by vehicle sales in 2015 said last week it will set up a company with Daihatsu to focus on emerging markets. Suzuki, Japan’s fourth-largest automaker, competes fiercely with Daihatsu in the domestic market and dominates the Indian market through its majority stake in Maruti Suzuki India. Both firms concentrate on smaller vehicles. 5 healthy snack ideas for road trips 1. Pack some protein 2. Load up on fruit and veggies It will help you feel full and alert. Try: • peanut butter and jam sandwiches • pita pockets stuffed with turkey, cheese, tomatoes and lettuce • smoked salmon pinwheels made with whole-wheat wraps • whole-grain crackers with cheddar • low-fat muffins with single-serving containers of yogurt 3. Make it personal They’re full of disease-fighting antioxidants. Plus, their high water content will help you stay hydrated. Try: • fresh veggies such as baby carrots, cucumbers, bell peppers and grape tomatoes • fresh seasonal fruit such as apricots, peaches, plums, nectarines, grapes and berries 4. Keep it safe, clean and litter-less Ask your kids to help make their own snacks and lunches. They’ll be more likely to eat it, which will make it even easier for you to zip right past those fast-food stops. Try: • Trail mix made with any combo of: popcorn, shredded coconut, low-fat granola, whole-grain cereal, sunflower seeds, nuts and dried fruit • Milk or chocolate milk in a stainless steel water bottle It will help you feel full and alert. Try: • Ice packs to keep food cold • Hand sanitizer or antibacterial wipes • Reusable containers and cutlery 5. Compromise If you’re destined for the fast-food stop, eat wisely- Try: • A small burger instead of the jumbo combo • A salad instead of fries (go easy on the dressing) • Milk or water instead of pop • Your own piece of fruit for dessert
CITY HILIGHTS Vol 1, Issue 266 ` 2.00/- Friday, October 14, 2016 www.ibcworldnews.com www.cityhilights.news English Daily 7 BUSINESS SPORTS South Africa sweep Australia despite Warner heroics Cape Town: David Warner hit a magnificent century for Australia but could not prevent South Africa from completing a clean sweep by winning the fifth and final one-day international by 31 runs at Newlands. Warner hit 173 off 136 balls but received scant support from his teammates as Australia, chasing South Africa’s 327 for eight, were bowled out for 296. South Africa won all five matches in the series, the first time Australia have suffered such a beating in a five-game bilateral series. Australia will retain their number one ranking in one-day internationals, however, with South Africa two points behind in second place. “Davey was phenomenal but the rest of us didn’t stand up,” said Australian captain Steve Smith. “Credit to South Africa, we’ve been outplayed in all the games.” Rilee Rossouw hit 122 and JP Duminy made Fury vacates world heavyweight titles to focus on recovery Tyson Fury’s troubled 11th month reign as world heavyweight champion came to an end on Thursday when the British boxer announced he would be vacating his WBO and WBA titles “to fully focus on his medical treatment and recovery”. The 28-year-old has not fought since beating Ukrainian Wladimir Klitschko to win the titles in November 2015 and has since admitted taking cocaine to battle depression. Fury has twice called off a fight against Klitschko, in July because of an ankle injury and last month for an unspecified medical condition, and also briefly retired from the sport. “I feel that it is only fair and right and for the good of boxing to keep the titles active and allow the other contenders to fight for the vacant belts that I proudly won and held as the undefeated heavyweight champion of the world ...” Fury said in statement released by his promoter Mick Hennessy. “I won the titles in the ring and I believe that they should be lost in the ring, but I’m unable to defend at this time and I have taken the hard and emotional decision to now officially vacate my treasured world titles “(I) wish the next in-line contenders all the very best as I now enter another big challenge in my life which I know, like against Klitschko, I will conquer.” Tyson’s points victory over Klitschko in Duesseldorf, Germany at the end of November last year was one of the biggest upsets in the long history of heavyweight boxing. It was a first defeat for Klitschko in 11 years and the now 40-year-old Ukrainian immediately demanded a re-match. Klitschko expressed his frustration after Fury called off a fight for the second time last month and last week accused the Briton of “dragging boxing through the mud”. At the start of October, ESPN reported Fury had tested positive for cocaine, citing a leaked letter sent by the Voluntary Anti-Doping Agency (VADA) .A couple of days later, Fury announced his retirement in an expletive-laden tweet, only to abruptly reverse the decision hours later, saying he planned to carry on fighting. In an interview with Rolling Stone published on Oct. 4, Fury admitted to drinking heavily and using cocaine to help him deal with depression, saying he had been diagnosed as “manic depressive”. In the interview, he denied ever taking banned substances before he fought and said his cocaine use had started only after he beat Klitschko. Fury has also been charged with an anti-doping rule violation by UK Anti-Doping after a urine sample from February 2015 - nine months before his victory over Klitschko - showed traces of the banned stimulant nandrolone. He denies any wrongdoing. Hennessy described the decision to vacate the titles as “heartbreaking” and Peter Fury, the boxer’s uncle and trainer, said he was convinced his nephew, who has a professional record of 25- 0, would return to the ring. “Tyson will be back stronger from this and I will make sure, no matter what we have to deal with, Tyson not only comes back but will reclaim what’s rightfully his,” he said. [Reuters] 73 as South Africa piled up the third-highest total in a one-day international at Newlands, making them firm favourites on a ground where the highest successful run chase was 258. Warner was dropped by wicket keeper Quinton de Kock off Kagiso Rabada when he had 11. He went on to play a thrilling innings, hitting 24 fours, and Australia remained in with a chance of victory until he was ninth out with the total on 288, run out by a throw from the point boundary by Imran Tahir, desperate for a risky second run in order to keep the strike. Leg-spinner Tahir had earlier taken two wickets in his first over, ending an opening stand of 72 between Warner and Aaron Finch, then bowling Smith two balls later. South African captain Faf du Plessis paid tribute to Warner for an “incredible innings” but said South Africa deserved their series triumph. “At different times different guys stood up. Whatever Australia threw at us we had the answers. I’m very proud of the team.” Mitchell Marsh and Travis Head both made 35 but Australia were not able to stage a big partnership such as the 178 off 170 balls posted by Rossouw and Duminy after South Africa had been struggling at 52 for three.[PTI] Stokes believes in-form England can top ODI rankings England will climb to the top of the one-day international (ODI) cricket world rankings if they can maintain their fine form in the format, all-rounder Ben Stokes said after the side completed a series victory in Bangladesh. Stokes played a key role with an unbeaten 47 as England won the deciding third match against the hosts in Chittagong on Wednesday to wrap up a third successive one-day series triumph, having beaten Sri Lanka and Pakistan at home earlier this year. England are currently fifth in the ODI rankings, behind Australia, South Africa, New Zealand and India. “It’s really exciting. If we carry on like this we’ll achieve our target of being world number one,” Stokes, who was named the man of the series, told Sky Sports. England’s loss to Bangladesh in Adelaide, which knocked them out of the 2015 ODI World Cup, spurred a string of changes to the national team set-up and Stokes felt the squad are starting to yield the dividends of the strategy. “The team we have had together for the last 18 months have been playing unbelievable cricket,” the 25-year-old added. With skipper Eoin Morgan sitting out the Bangladesh series over security concerns, wicketkeeper-batsman Jos Buttler was tasked with leading a young and inexperienced squad against a side that had won their six previous home ODI series. “Me and Jos work quite well. We’re quite aggressive in how we want to play our cricket, not just with the bat and the ball, but with field placings,” Stokes, who was vice-captain for the series, said. Morgan and influential opening batsman Alex Hales are expected to return to the squad when England travel to India for their next threematch ODI series in January. [Reuters] India to open against Canada in Junior World Cup Jayaram, Kashyap enter pre-quarterfinals of Dutch Open Almere (Netherlands): Defending champion Ajay Jayaram and Parupalli Kashyap continued their good run to reach the prequarterfinals of the men’s singles competition at Dutch Open badminton tournament, here. Top seed Jayaram, who has clinched the Dutch Open thrice in his career, spanked Philip Shisov of Bulgaria 21-7 21-9 in his second round match, while 11th seed Kashyap beat Denmark’s Rasmus Gemke 21-11 7-21 21-10 in a 50-minute contest late last nigth. Jayaram will next play Norway’s Marius Myhre, while Kashyap face sixth seed Raul Must of Estonia, who had reached the finals in the last edition. However, it was curtains for Lakhanee Sarang as he suffered a 17-21 17-21 loss against Raul in the second round. Among other Indians in fray, mixed doubles pair of B Sumeeth Reddy and Meghana Jakkampudi beat German duo of Daniel Benz and Theresa Wurm 21-11 21-17 to set up a clash against Dutch combination of Jelle Maas and Imke Van der Aar in the next round. Fourth seeds Pranaav Cherry Chopra and Sikki Reddy, who clinched two titles this year at Brazil and Russia, defeated local pair of Ties Van Der Lecq and Alyssa Tirtosentono 21-5 21-16 and they will face France’s Jordan Corvee and Anne Tran next. In men’s doubles, top seeds Manu Attri and B Sumeeth Reddy will open their campaign against Jacco Arends and Ruben Jille, while Pranaav and Akshay Dewalkar face German duo of Bjarne Geiss and Fabian Holzer. [PTI] Hamilton misses Barcelona test to rest sore foot Triple Formula One world champion Lewis Hamilton has pulled out of a tyre test in Barcelona to rest a sore foot ahead of next week’s U.S. Grand Prix in Austin, his Mercedes team said on Thursday. The Briton had been due originally to test the 2017 Pirelli tyres with a modified 2015 ‘mule’ car on Wednesday but team mate and championship leader Nico Rosberg took on those duties instead. A team spokesman said German reserve driver Pascal Wehrlein, who races for Manor, would stand in for Hamilton on Thursday. “Lewis had some discomfort in his foot after training on Tuesday,” he said. “It was agreed he wouldn’t test so he could rest it and get physio to be in good shape for Austin, which he will be. No concerns on that front.” Hamilton is 33 points behind Rosberg in the world championship with four races remaining, meaning that even if he wins everyone it will still not be enough if Rosberg finishes second each time. The Briton won his third title, and second with Mercedes, at Austin’s Circuit of the Americas last year when Rosberg started on pole but made a mistake that gifted his team mate the victory. Rosberg, who is now heading for his first title, then went on to win the three races after that in Mexico, Brazil and Abu Dhabi before starting the new season with four successive victories. Both Hamilton and Rosberg were at the team’s Brackley headquarters and Brixworth high performance engine facility on Tuesday, with the Briton seen to be limping slightly later in the afternoon. Hamilton triggered a media spat at the last race in Japan when he was criticised for playing around with Snapchat during a news conference, taking pictures of fellow drivers and complaining of the boring format of the event. He then walked out of a media briefing on Saturday and hurriedly left the circuit after the race, flying back to Europe with non-executive chairman Niki Lauda and Mercedes motorsport head Toto Wolff. The team said then that Hamilton had to be back in Europe as soon as possible to be ready for Wednesday testing. [Reuters] Viral fever rules Raina out of first ODI New Delhi: India will open their campaign against Canada in the FIH Junior Hockey World Cup to be played in Lucknow from December 8 to 18. With only one rest day, hockey fans will be treated to 10 days of high-speed, action packed hockey at the Major Dhyan Chand Hockey Stadium. There, the world s rising stars will battle it out to be crowned junior men s world champions in what will be one of the most competitive hockey events of the year. The pool stages will take place between December 8-12 before the classification matches begin on December 14. The medal matches will then be held on December 18. Besides India taking on Canada, New Zealand and Japan kick-off what will be a hugely entertaining opening day which will also see reigning champions Germany start their title defence against Spain. Day two highlights include Oceania champions Australia match against Korea, while the game between 2014 bronze medallists Netherlands and Pakistan is sure to offer plenty of excitement. Super Saturday then follows, with a battle between the Pan-American and Oceania champions Argentina and Australia possibly the pick of the day, followed later by a renewal of an old rivalry between India and England. Belgium versus Netherlands is bound to offer a few surprises on Sunday, with Pakistan s match against African junior champions Egypt another crucial game as the pool stages near completion. Amongst the last matches, some tough challenges await Austria who play Australia, and South Africa who take on India in the concluding game of the pool stage on Monday evening. India are placed in Group D alongside Canada, South Africa and England. [PTI] New Delhi: Indian batsman Suresh Raina, who was brought back into the ODI side after a gap of one year, has been ruled out of the first one-dayer against New Zealand due to viral fever. “The BCCI Medical team has confirmed that Suresh Raina, who is recovering from a bout of viral fever, is ruled out of the first ODI against New Zealand. There will be no replacement in the team,” the BCCI said in a statement. Raina was looking forward to feature in his first ODI since October 2015. The opening match of the five-ODI series will be played in Dharamsala on October 16. India have already swept the Test series 3-0. The southpaw was dropped for the ODIs in Australia and the limited-overs tour of Zimbabwe earlier this year besides the two-match T20 series against the West Indies in USA. He has not had time in the middle since the Duleep Trophy where his scores read 52, 35 and 90. Raina led Uttar Pradesh in the team’s Ranji Trophy opener against Madhya Pradesh last week but did not come out to bat. Uttar Pradesh ended up suffering an innings and 64 run defeat at the hands of Madhya Pradesh. [PTI]
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