Tuesday 31 May 2016

Eves get sexually assaulted music festival Darmstadt

Various women in Germany have filed complaints to police saying they were sexually assaulted at a musical festival in Darmstadt. Police arrested three refugees from Pakistan at the scene after three of the women immediately reported their attacks.
The sexual assaults are reported to have taken place at the Schlossgrabenfest music festival in the city of Darmstadt, near Frankfurt, on Saturday night.  Three of the women immediately alerted police at the festival that they had been assaulted. They said they had been surrounded and then sexually harassed by a group of men who were of South Asian appearance. Nearly fifteen more complaints were filed  of assault.
“Unfortunately several women were sexually harassed on Saturday, when the dance floor area was completely packed,” the police said in a statement, as cited by Die Welt.
Law enforcement officers, they were able to apprehend three suspects, who are asylum seekers from Pakistan and aged between 28 and 31. Police say that there could be more who took part in the attacks that are still at large.
Since the arrests were made, a further 15 women have come forward since Tuesday, to say they were sexually assaulted at the festival.
The women added that the pattern of the attacks was similar, as they were surrounded by a group of men, who proceeded to assault them sexually. The festival in Darmstadt took place over four days and attracted some 400,000 revelers.
German government will allocate nearly €94 billion (US$105 billion) for incoming refugees over the next five years. The money will be used for housing, integration, German language courses and social welfare benefits, as well as dealing with the underlying causes of the refugee influx.
The Federal Finance Ministry expects around 600,000 refugees to enter Germany in 2016, some 400,000 in 2017 and about 300,000 each consecutive year. In 2015, an estimated 1.1 million arrived in Germany seeking asylum.
However, not everyone is taking kindly to the mass arrivals of asylum seekers, mainly from the Middle East and North Africa, with German police recording 45 cases of arson at refugee centers since the start of the year, while there have been calls for Chancellor Angela Merkel to cap the number of refugees entering Germany.Media agencies

The Rising Oil Price and Policy Response

By Rajiv Kumaron 27 May 2016

Any explanations for why should Indian stock market indices should be positively correlated to global oil price? As Brent crosses $50 per barrel our NIFTY crosses 8,100.  Oil prices are rising because of the decline in shale oil production in the US and the biggest drop in non-OPEC oil production since 1992. Thus it is supply constraint and not a rise in global demand that is driving global oil prices. May make matters worse as large oil importers like China and Japan could see demand contraction as an oil price increase acts effectively as a tax on disposable incomes. Are global growth estimate set to be revised downward again?
For us higher oil price, if it is passed through, would imply higher inflationary pressures. This would rule out further interest rate cuts. At the same time it will being additional pressures on the fiscal balance as the subsidy bill in fertilizer and gas and kerosene will rise. There will also be  pressure and rightly so to roll back the excise duty hikes, nine of which were made to mop up Windfall gains accruing to the consumers. Thus, there  will be pressure on both the expenditure and revenue streams.
Let's hope that the Deptt of Economic Affairs (DEA) is ready with a policy response to the emerging scenario. It will be a lazy response to simply now being back the petroleum administrative price mechanism and hold back the necessary rise in market prices of petroleum products as that will simply raise the subsidies volume and will be back to square one.
It would have been useful at this stage for the PM to have the benefit of his Economic Advisory Council as that would have given him independent and objective inputs without being rushed from one fire fighting to another.
Clearly, the days of easy policy making are over. We now need some more initiative and imagination and focus in North Block.
Rajiv Kumar, Founder Director, Pahle India Foundation

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