Klips for 2nd Aug

World 🌎 | Trump escalates trade war with China
– Says will impose 10% tariffs on an additional list of goods including mobiles, laptops etc
– The value of these goods is about $300bn
– Markets tumbled and oil fell 8%, its biggest drop in 4 years
Bloomberg: https://bloom.bg/2YCBzir

National 🇮🇳 | 25000 additional troops deployed in J&K
– Many personnel were relieved of Amarnath Yatra duty
– The Governor said: ‘all was normal’
Hindu: http://bit.ly/2SZ2IXE

SC moves Unnao rape accused case to Delhi
– The move was to ‘allay gears that he could influence the outcome’ in UP
– BJP also expelled Kuldeep Sengar yesterday
Reuters: https://reut.rs/2ZmF5Lb

Ahead of elections, Kejriwal announces free electricity upto 200 units
– A 50% subsidy is given upto 400 units
– The rate for 200 units is ₹1400 in Mumbai and ₹3300 for 400 units
– Kejriwal said the subsidy was already being provided and has been readjusted after reduction in fixed costs
Hindu: http://bit.ly/2YvXBU8

Economy & Business 💰 | Autos: Worst sales in 2 decades in July
– Sales of top 5 manufacturers fell 31% from last year
– Maruti reported a fall of 37% in sales
Livemint: http://bit.ly/2T16csx

GST collections grow 5.8% in July to ₹1.02trillion
– The central govt will have to compensate state govts as this is below the agreed 14% annual growth rate
Livemint: http://bit.ly/2SZGLIb

Airtel posts first quarterly loss in 14 yrs
– The operator reported a loss of ₹2866cr, on account of a one time loss
– Avg monthly data usage was 12GB compared to 7.8GB last year
– Its ARPU rose to ₹129 from ₹123, largely due to reduced subscribers
Livemint: http://bit.ly/2YCDvrd

Interesting: Hope floats – RTI activists march upto President’s house to deliver petition
– The petition is against the RTI Amendments Bill and has 2L signatures including 1.27L online signatures via Change.org
Hindu: http://bit.ly/2YyOy4F

🗣Interesting: Despite Coffee Day’s popularity and scale, why does it make so little money?
Scroll: http://bit.ly/2SZ5P1F

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