Business
Trade pacts with UAE, Australia will fuel economic growth: Finance Minister

Finance Minister Nirmala Sitharaman said on Tuesday the country’s trade pacts with the UAE and Australia will chart the way for economic growth.
Speaking at the stakeholders’ outreach programme on India-UAE CEPA and India-Australia ECTA here, Sitharaman said awareness events about these pacts are happening across the country.
She also said the Director General of Foreign Trade (DGFT) has been asked to translate the details of the trade pacts in Tamil and share them with the media and stakeholders.
Tamil Nadu has a long-time connection with the leather sector, and the industry has achieved modernisation, Sitharaman said, as she went on to add that Tamil Nadu has been a frontrunner in trade for a long time.
She urged entrepreneurs to know the features of these agreements and make best use of them.
“If you want any support in connection with the agreements, feel free to convey it to us,” she added.
“The industry should equip itself to cater to the changing tastes and preferences of consumers post Covid. Access the available markets that are part of the agreements,” she said.
According to Sitharaman, when Prime Minister Narendra Modi visited the UAE some years back, the Royal family promised $75 billion worth investments in India.
Sitharaman added that a formal agreement has also been signed, and entrepreneurs should scale up their businesses to get share from the investments.
“We are now dependent on one country for APIs (active pharmaceutical ingredients). So enough investments need to be made after much thought. I request the state government to invite raw material makers to invest here. We should not depend on others for our raw materials. Backward and forward industries should be supported by the governments,” she said.
On the trade pact with Australia, Sitharaman said it is for the well-being of the Indo-Pacific economy.
While there are many hurdles because of the Russia-Ukraine war, there are also opportunities since their exports are hit, she said.
Speaking at the event, Union Minister of State for Commerce and Industry, Anupriya Patel, said all efforts are being made to reach out to the stakeholders all over the country to explain the details of the trade agreements.
“The India-UAE trade agreement was concluded in record time. India is the second largest trading partner of the UAE. Several benefits will flow out of the comprehensive agreement between the two countries. There is huge scope and there are so many employment opportunities to be created. Bilateral trade will double in the next five years,” Patel said.
“The India-Australia agreement is a clear signal to the other developed economies to partner with India,” she added.
Union Minister of State for Fisheries, Animal Husbandry & Dairying, L.A Murugan, congratulated the Department of Commerce and Industry for organising the awareness event in Chennai.
“We are making huge exports in the marine sector. For the first time in history, Rs 20,000 crore was announced for fisheries under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) by Nirmala Sitharaman,” he said.
Murugan also said that Rs 7,500 crore was allocated for fisheries infrastructure development by Sitharaman.
Despite the challenges posed by the pandemic, India’s maritime sector registered growth, Murugan said, adding that seafood exports will touch Rs 1 lakh crore before 2025.
Tamil Nadu Minister for MSME, T.M. Anbarasan, Consul General of Australia, Chennai, Sarah Kirlew, industry leaders from various sectors and other stakeholders took part in the event.
Crime
Bengaluru: Nursing student raped by PG owner after confessing to theft; accused held

Bengaluru, June 25: An incident has been reported from Bengaluru on Wednesday where a nursing student was allegedly raped by the owner of a paying guest (PG) accommodation after she confessed to a theft, officials said.
The police have arrested the accused.
The arrested person has been identified as 35-year-old Ravi Teja Reddy, the owner of the PG facility.
According to the police, Reddy raped the 21-year-old woman after she admitted to stealing three gold rings from another girl residing in the same PG.
Following the victim’s complaint, Reddy has been booked for rape and taken into police custody.
The victim, a nursing graduate from Andhra Pradesh, had joined the PG only a week prior to the incident and was searching for a job, the police said.
Investigations revealed that the victim had allegedly stolen three gold rings from another PG inmate.
She had also disconnected the CCTV camera wire during the theft.
However, she asked another inmate whether the CCTV footage would still be recorded despite the wire of the CCTV camera being cut.
This conversation was shared with Reddy, which raised his suspicion on the nurse.
Reddy then summoned the victim for questioning and threatened to hand her over to the police.
The girl reportedly confessed to the theft, after which Reddy instructed his aides to retrieve the hidden valuables, police added.
When the victim pleaded with Reddy to forgive her and not to inform the police, he allegedly slapped her and sexually assaulted her.
Initially hesitant to file a complaint, the victim later confided in a male friend.
The friend then contacted a city-based advocate, who helped lodge a formal complaint with the police.
Based on the complaint, the police sent the victim for a medical examination and arrested the accused.
Reddy has been booked under Sections 64(1), 74, and 75(1) of the Bharatiya Nyaya Sanhita (BNS) Act.
In her complaint, the victim said that Reddy initially touched her private parts under the pretext of checking her.
When she resisted, he allegedly forced her to perform oral sex.
The FIR further mentions that the victim, unable to control her urge to vomit after the assault, ran to the restroom.
Reddy followed her and allegedly forced her to have unnatural sex again.
The victim also said that Reddy later threatened her not to reveal the incident to anyone.
It was only after the victim’s friends came to her support that she gathered the courage to file a complaint.
International
South Korea welcomes Israel-Iran ceasefire, commends US’ diplomatic efforts

Seoul, June 25: The South Korean Foreign Ministry on Wednesday welcomed the announcement of a ceasefire between Israel and Iran and praised the diplomatic efforts led by the US and other involved countries.
“We hope that all parties will faithfully implement the terms of the agreement so that tensions in the region can be eased swiftly,” the ministry said in a statement.
As a non-permanent member of the UN Security Council, South Korea “will continue to participate in the international community’s efforts to promote peace and stability in the Middle East,” Yonhap news agency reported.
Earlier on Tuesday, US President Donald Trump declared that a ceasefire between Iran and Israel had officially taken effect, urging both sides to maintain restraint.
“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!” Trump posted on the social media platform Truth Social.
The announcement came amid escalating violence in the Middle East, but President Trump’s declaration appeared to catch both parties off guard. The ceasefire claim was quickly contradicted by Iran, which asserted it had not received any formal proposal from Washington and had not agreed to a bilateral ceasefire.
US President Trump also wrote, “Israel & Iran came to me, almost simultaneously, and said, ‘Peace’! I knew the time was NOW. The World, and the Middle East, are the real winners!”
“Both Nations will see tremendous love, peace and prosperity in their futures. They have so much to gain, and yet, so much to lose if they stray from the road of righteousness and truth. The future for Israel & Iran is unlimited and filled with great promise. God bless you both!” he added.
Earlier, Iran announced a unilateral halt to its military operations against Israel, effective 4 a.m. local time, but made it clear that the pause was conditional, based entirely on whether Israel would stop its own airstrikes and military actions.
Crime
PFI had ‘hit list’ of 950 in Kerala including judge, reveals NIA probe

Kochi, June 25: In a startling revelation made by the National Investigating Agency (NIA), it has surfaced that the banned Popular Front of India (PFI) had prepared a hit list of 950 people in Kerala.
The list, which surfaced in the media on Wednesday, included a now-retired district judge.
Incidentally, this list was submitted early this month by the NIA at a special court here when the bail applications of four accused in the murder of RSS leader Sreenivasan came up for hearing. The NIA opposed the bail strongly. The four accused, identified as Muhammad Bilal, Riyasudheen, Ansar K.P. and Saheer K.V., were arrested for murdering Sreenivasan at Palakkad, Kerala, in 2022.
The list of 950 was compiled after getting confirmed inputs from different places by the NIA probe team. It includes eight documents seized from the 51st accused, Sirajudheen, which contain a list of 240 people from other communities.
Then, while conducting a search held at Periyar Valley Campus at Aluva, NIA was able to get the details of five targeted persons from the purse of the 15th accused, Abdul Wahad, who is presently on the run.
It was in this list that the name of a former district judge was found.
Another document seized from an accused, who turned approver later, contained a hit list with the names of 232 people.
Similarly, a search held at the home of the 69th accused, Ayoob, a hit list containing the names of about 500 people was found.
When the NIA was probing the Sreenivasan case, the PFI link emerged. It was later found that PFI had sinister plans to create unrest in the country.
During the investigation, the anti-terror agency got details of the PFI carrying out physical and arms training for its cadres.
The NIA has now claimed that it has voice clips and witness statements that reveal the ‘India 2047 plan’ of setting up Islamic rule in India.
The special court, after hearing both sides and going through the documents produced before it, observed that there were reasonable grounds for believing that the accusation against the petitioners was prima facie true, and rejected the bail petition.
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