Kylian MBAPPE (France) - Man of the Match - MATCH 50
Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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LINEUPS – URUGUAY V PORTUGAL - MATCH 49 @ 2018 FIFA World Cup™
The lineups are in for Uruguay v Portugal. How do you think this one will go? Who are the players to watch? Tell us in the comments below. Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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by Sadanand Dhume If India’s 2014 general election was a vote for hope, then 2019 appears to be more about fear. So far, neither Prime Minister Narendra Modi’s Bharatiya Janata Party nor Rahul Gandhi’s Congress Party has come up with a compelling reason for people to support them. But both the ruling party and the opposition can paint a vivid picture of why the prospect of their opponent winning should be viewed as a nightmare.Let’s take the case against BJP first. In this nightmare scenario, five more years for Modi would reward a government that’s both malignant and mediocre. As the argument goes, this could end up fatally undermining India’s still immature democratic norms and institutions.At the heart of the malignancy lies an inability, or unwillingness, to distinguish between a minority of Islamist extremists and the majority of peaceful Muslims. The unleashing of cow vigilantes on ordinary Muslims, thinly veiled hostility toward the meat and leather industries in several BJP-ruled states, and the appointment of the Muslim-baiting Yogi Adityanath to lead Uttar Pradesh all spring from this impulse.At the same time, public discourse has plummeted to a new low. In which other democracy would well-meaning movie stars face threats of a boycott merely for standing up for a brutally murdered child? The heartless response of some BJP supporters to the Kathua tragedy suggests not just political partisanship run amok, but a society in moral freefall. At least part of the blame lies with Modi’s failure to set a tone at the top that befits his high office.On the economic front, it once looked like Modi would use his finely honed communication skills to sell politically painful but necessary policies. Instead, he has used his megaphone to talk up relatively modest achievements, or to package harebrained ideas like demonetisation as bold reform. The recent botched move to sell Air India symbolises a deeper problem. In the end, for all its bluster, this government would rather sidestep tough decisions than take them.The “tax terrorism” that BJP once denounced has only increased after the government armed officials with draconian new powers last year. According to Morgan Stanley, a staggering 23,000 dollar millionaires have left India since 2014. These are precisely the kind of people needed to jumpstart the economy and create jobs for the 12 million Indians who enter the labour force each year. Dubai, Singapore and London, among others, benefit from India’s self-goal.Though most economists view the goods and services tax introduced last year positively, its numerous exemptions, fiendishly complicated structure and absurdly high rates make it the opposite of the “good and simple tax” that was advertised. Arguably fixing it will be much harder than getting it right, or at least closer to right to begin with, would have been.The Modi government has trouble retaining top flight economic talent. A drumbeat of insults and innuendo accompanied Raghuram Rajan’s ousting from the Reserve Bank of India. Former NITI Aayog vice chairman Arvind Panagariya has returned to Columbia University. Chief economic adviser Arvind Subramanian will soon be back in the US too. Investors have reason to worry that key economic positions will be filled by people whose chief qualifications are political loyalty and being deemed “mentally fully Indian” by nativists.Meanwhile, as the nightmare goes, foreign policy has been reduced to a series of gimmicky acronyms even as China muscles in on India’s neighbourhood. The government has stonewalled the appointment of judges it finds unsuitable. Ruling party leaders publicly warn that pesky journalists will meet the fate of the murdered editor Shujaat Bukhari. Fake news factories churn out pro-government propaganda. An army of vicious trolls polices Twitter. Even external affairs minister Sushma Swaraj is not spared their wrath.Luckily for BJP, it too has a nightmare to sell. For many voters, memories of Manmohan Singh’s disastrous second term remain fresh. How many people really want to go back to a pay-for-play model of governance where everything from coal to telecom spectrum to flats for war widows carried the taint of corruption?Nor does Congress appear to have grappled seriously with the reasons for its fall from favour. For a large chunk of educated Indians, Rahul Gandhi remains the foremost symbol of everything that’s wrong with dynastic politics. It seems plain as day that several other Congress leaders have more political talent in one finger than Gandhi has managed to muster in more than a decade in public life. Yet they must remain resigned to playing permanent second fiddle to the Nehru-Gandhi scion.Even if Congress recovers dramatically from its 2014 low of 44 seats it will require coalition partners to stitch together a government. For some people the prospect of a coalition united by greed, and driven by the narrow considerations imposed by caste or religious vote banks, would be worse than the current dispensation.Which nightmare is scarier? Obviously, this depends on who you ask. But suffice to say that if Modi had played his cards better – by ramming through economic reforms early in his term and keeping Hindutva hotheads on a tight leash – he could have run confidently on his own record. As things stand, the 2019 election may well end up hinging on who does a better job of scaring voters.DISCLAIMER : Views expressed above are the author's own.

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France v Argentina - 2018 FIFA World Cup Russia™ - Match 50
France and Argentina played out a World Cup Classic in the first of the Round of 16 matches at Russia 2018. Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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By Keith BradsherChina has spent nearly five years steering an ever-growing stream of hundreds of billions of dollars to a bold plan to gain greater global influence by funding big projects across Asia, Eastern Europe and Africa.Now, Beijing is starting to tap the brakes.The value of the deals that Chinese companies are striking under the country’s big global plan — called the Belt and Road Initiative — is smaller than a year ago, according to new data. Chinese officials themselves are sounding a cautious note, voicing worries that Chinese institutions need to be careful how much they lend under the program — and make sure their international borrowers can pay it back.“Current international conditions are very uncertain, with lots of economic risks and large fluctuations for interest rates in newly emerged markets,” said Hu Xiaolian, the chairwoman of the Export-Import Bank of China, a state-controlled lender that plays a big role in financing the projects, at a forum this month in Shanghai. “Our enterprises and Belt and Road Initiative countries will face financing difficulties.”China has begun a broad, interagency review of how many deals have already been done, on what financial terms and with which countries, say people close to Chinese economic policymaking, who asked to speak on the condition of anonymity because the effort has not been made public.American and European officials have long worried that Belt and Road represents a diplomatic and economic power grab by Beijing, fueled by its vast government wealth and helped by the Communist Party’s laserlike focus on achieving long-term goals.Under the initiative, Chinese government-controlled lenders offer big chunks of money — usually through loans or financial guarantees — to other countries to build big infrastructure projects like highways, rail lines and power plants. That money often comes with the requirement that Chinese companies be heavily involved in the planning and construction, throwing them a lot of business.But even with its financial firepower, China has its limits. Its economy is showing signs of slowing, and it is in the middle of a trade war with the United States. Beijing is struggling to tame domestic debt problems — problems an international lending spree certainly hasn’t helped.Too much overseas activity risks creating wasteful white elephants that can drag down Chinese companies and local partners alike. All types of deals are now angling to be associated with the Belt and Road Initiative like a theme park in Indonesia and brewery in the Czech Republic.Further, profligate lending can worsen relations with other countries rather than help them. New governments in places like Malaysia and Sri Lanka have questioned why their predecessors borrowed so much from Beijing.This year, some Chinese officials have expressed some concerns about lending under the program.“Ensuring debt sustainability — that is very important,” Yi Gang, the new governor of China’s central bank, said at a conference in Beijing in late April.While Belt and Road activity remains huge, it has certainly become more restrained, according to official data. In the first five months of 2018, Chinese companies signed contracts worth $36.2 billion in business, down nearly 6 percent from the same period a year ago.Deal signings were down at this time last year from 2016, too, though by a lesser magnitude. Much of that downturn stemmed from big companies and governments’ saving their powder for a major Belt and Road forum held in May 2017 in Beijing that was attended by Xi Jinping, China’s top leader, President Vladimir Putin of Russia and other major political figures. After the forum, activity surged.“I sensed that the level of enthusiasm about BRI had certainly shifted down a few notches relative to last year,” said Eswar Prasad, a Cornell economist and former head of the International Monetary Fund’s China division who recently visited Beijing and had extensive conversations with Chinese financial policymakers.Project activity could pick up later this year, of course. But an uncertain global economic outlook has given Beijing even more reasons to be cautious.A protracted trade war between the United States and other countries, particularly China, could shake confidence and stunt growth. The United States has pushed up short-term interest rates, making it more costly to borrow money. In the past, interest rate increases in the United States have sometimes caused financial turbulence elsewhere, especially in emerging markets.Belt and Road lending seemed a sure thing when the effort began under Xi in 2013. Loans would be long-term, giving borrowers time to pay them back. China also tends to extend loans mainly to countries with significant natural resources. If a resource-rich developing country had trouble repaying its loans, it could offer goods like oil, iron ore or even food instead.But part of the problem now is that no one — not even the Chinese government — has a comprehensive picture of the lending so far. The Finance Ministry and the state-controlled banking system have poured money into projects from the Czech Republic to Laos, and from South Africa to Kazakhstan. The China Banking and Insurance Regulatory Commission estimated this spring that Chinese banks had lent $200 billion for 2,600 projects.Various government agencies have also issued extensive export guarantees, loan guarantees and other financial arrangements as part of the initiative, although some of these overlap with the bank loans.A Belt and Road slowdown may also be natural. Official data show Chinese companies are completing projects at nearly the same pace as they are signing deals for new ones, suggesting the initiative may simply be settling into a sustainable rhythm.“They are still very actively promoting Belt and Road,” said Andrew Mackenzie, the chief executive of BHP Billiton, an Australian mining giant that is among the biggest exporters of iron ore to Chinese steel mills, which are among the intended beneficiaries of Belt and Road.Still, some Chinese officials are looking more closely at where the money is ending up.For example, they have been reassessing the country’s financial exposure in Africa, a continent with immense natural resources that has lured a wide range of Chinese energy and construction companies, people close to Chinese policymaking said.Belt and Road has been viewed with increasing skepticism by multilateral institutions as well. They have warned that developing countries should not incur excessive debts.“The first priority,” Christine Lagarde, the managing director of the International Monetary Fund, said at the Beijing conference in April, “is that Belt and Road only travels to where it is really needed.”

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B Sriram today assumed charge as Managing Director and CEO of IDBI Bank. Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of the Reserve Bank of India (RBI). "The Government of India on June 29, 2018 appointed him as Managing Director & Chief Executive Officer of IDBI Bank Ltd. for period of three months with effect from the date of assumption of office, or up to September,2018 , or until further orders, whichever is earlier," IDBI bank said in a statement. Sriram has been working as the MD (Corporate and Global Banking) in SBI since July 2014. Born on September 20, 1958, Sriram had joined State Bank of India as a Probationary Officer in 1981. He is a Post Graduate in Physics from St. Stephen's College, New Delhi and has a Diploma in Management from AIMA. The board of Insurance Regulatory and Development Authority of India (Irdai) yesterday permitted Life Insurance Corporation (LIC) to increase the current stake from 10.82 per cent to 51 per cent in IDBI Bank.

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Subsidised cooking gas price was hiked by Rs 2.71 per cylinder today as a result of tax impact of base price rising due to spurt in international rates and fall in rupee. Subsidised LPG with effect from midnight tonight will cost Rs 493.55 in Delhi, a statement issued by Indian Oil Corp (IOC) said. Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month. "The increase is mainly on account of GST on revised price of Domestic Non-Subsidised LPG," the statement said. As a result of higher global rates, the price of Non-Subsidized LPG at Delhi will increase by Rs 55.50 per cylinder. "The balance Rs.52.79 (Rs.55.50 minus Rs.2.71) is being compensated to the customer by increase in subsidy transfer to their bank account. Accordingly, the subsidy transfer in customer's bank account has been increased to Rs 257.74 per cylinder in July 2018 as against Rs 204.95 per cylinder in June 2018. Thus the domestic LPG customer is protected against the increase in international prices of LPG," the statement said. Consumers buy non-subsidised or market price LPG after exhausting their quota of 12 subsidised cylinders of 14.2-kg each.

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The Group Stage at the FIFA Fan Fest!
There were great scenes across Russia at the FIFA Fan Fests. Enjoy our wrap up clip! Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Why does conglomerate ITC Ltd wants to extend tenure of non-executive chairman YC Deveshwar by another two years from 2020 to 2022? ITC has sent a notice to shareholders for the 107th annual general meeting to be held here next month which says Deveshwar would continue to mentor the senior management “given the increasing size and complexity of the organisation". ITC is trying to emerge as a modern diversified fast-moving consumer goods (FMCG) player while trying to shed its cigarette and tobacco legacy. In 2016-17, cigarettes had accounted for 58 per cent of its revenue, and 85 per cent of its net profit. The stock tanks on the bourses if taxes on cigarettes go up. It has remained subdued for almost a year because of fear of impact due to the goods and services tax (GST).Over the past two decades, ITC has tried hard to shed its cigarette-maker tag. The question is, has ITC done enough to set itself on course to emerge as a company that does not depend on cigarettes, and will it complete the journey anytime soon? ITC already has 25 “mother brands” (Sunfeast, Ashirvaad, etc) in its FMCG portfolio targeted at market segments, and expansion plans will involve filling in the sub-segments covered by these brands with sub-brands and product variations. For example, ITC was the number two player in shower gel but was not present in body wash, something it is entering now. The Ashirvaad brand, for instance, has now been extended to spices. It is a Rs 4,200 crore brand and is expected to grow fast with other products, apart from atta, under its banner. At the same time, ITC continues to launch new brands. Dermafique, for example, is its first premium skin care offering, being launched in April ITC has also been growing the FMCG portfolio through acquisitions. In 2014, it acquired B Natural from south Indian juicemaker Balan Natural. In 2015, it acquired Shower to Shower and Savlon brands from Johnson & Johnson and in 2017, Charmis from Colgate-Palmolive. Nascent segments where ITC is likely to scale up fast are juices, dairy, spices and salt. Then there are the premium offerings. ITC has also entered the coffee and chocolates markets at the top-end luxury segments — via boutiques at ITC’s hotels and a few select malls. The company wants to achieve FMCG turnover of Rs 1 lakh crore by 2030. In 2016-17, ITC’s FMCG arm had clocked a turnover of Rs 10,000 crore, and in the nine months ended December 31, 2017, it crossed Rs 8,000 crore. To compare, FMCG major Hindustan Unilever reported a revenue of Rs 34,487 crore in 2016-17.Deveshwar was instrumental in transforming the Kolkata-based company from being mostly a cigarette maker to a conglomerate with interests in sectors such as fast-moving consumer goods, hotels, paper and packaging, and agri-business. He was among the first CEOs to tap India’s vast countryside, by way of his unique e-Choupal concept — linking directly with farmers via the Internet for procurement of products — and by entering the FMCG space in rural areas. Since the company had started to diversify and expand under Deveshwar's, it might find his presence helpful at this crucial transition. However, many think Deveshwar's continued presence will cast a long shadow on the executive leadership.

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LINEUPS – FRANCE v ARGENTINA - MATCH 50 @ 2018 FIFA World Cup™
The lineups are in for France v Argentina. How do you think this one will go? Who are the players to watch? Tell us in the comments below. Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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By Swansy Afonso and Bhuma ShrivastavaIndian companies are bracing for a possible flood of steel imports should the U.S. and China follow through on their threats about a trade war.Duties imposed by the U.S. would trigger “trade diversion” from other steel makers, who would then dump their products in India, said Bhaskar Chatterjee, secretary general at Indian Steel Association, in an email. As much as 80 million tons of steel -- or 17 percent of global exports, based on World Steel Association data -- could be diverted to markets such as India, according to Seshagiri Rao, joint managing director of the country’s top mill, JSW Steel Ltd.The comments highlight the uncertainties surrounding global trade ahead of July 6, when President Donald Trump’s tariffs on $34 billion of Chinese goods are scheduled to kick in, a move that China has vowed to retaliate against. India stands out as an attractive destination because it’s the world’s fastest-growing major economy. The country has also much riding on the health of its steel industry because it’s expected to overtake Japan as the world’s second-largest steel-producing nation as soon as this year.64807424 Other steelmakers have voiced concerns about a looming trade war.Thyssenkrupp AG’s Italian unit said it will take a $220 million sales hit if the European Union doesn’t take measures. The Canadian government is preparing countermeasures to prevent a flood of steel imports through a combination of quotas and tariffs. Similar steps are being considered by the European Union too.

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By Swansy Afonso and Bhuma ShrivastavaIndian companies are bracing for a possible flood of steel imports should the U.S. and China follow through on their threats about a trade war.Duties imposed by the U.S. would trigger “trade diversion” from other steel makers, who would then dump their products in India, said Bhaskar Chatterjee, secretary general at Indian Steel Association, in an email. As much as 80 million tons of steel -- or 17 percent of global exports, based on World Steel Association data -- could be diverted to markets such as India, according to Seshagiri Rao, joint managing director of the country’s top mill, JSW Steel Ltd.The comments highlight the uncertainties surrounding global trade ahead of July 6, when President Donald Trump’s tariffs on $34 billion of Chinese goods are scheduled to kick in, a move that China has vowed to retaliate against. India stands out as an attractive destination because it’s the world’s fastest-growing major economy. The country has also much riding on the health of its steel industry because it’s expected to overtake Japan as the world’s second-largest steel-producing nation as soon as this year.64807424 Other steelmakers have voiced concerns about a looming trade war.Thyssenkrupp AG’s Italian unit said it will take a $220 million sales hit if the European Union doesn’t take measures. The Canadian government is preparing countermeasures to prevent a flood of steel imports through a combination of quotas and tariffs. Similar steps are being considered by the European Union too.

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The new feature was spotted in Instagram's Android app code and is reportedly under development.

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By Harshal Dewangan