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The Arrest Of Assange: Justice Or The End Of Independent Journalism?

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Source: InfoWars

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Peruvians gather for funeral of former president Alan Garcia

Large crowds have gathered in the Peruvian capital for the funeral procession of former President Alan Garcia, who killed himself after authorities arrived at his home to arrest him for alleged involvement in a corruption case.

Mourners carried Garcia's coffin through the streets of Lima Friday ahead of the cremation of a man who twice led the nation.

He was under investigation for allegedly taking payments from Brazilian construction firm Odebrecht during construction on the city's metro a decade ago.

Odebrecht has admitted to doling out nearly $800 million to politicians throughout the region in exchange for state contracts.

Peruvian police say a bus carrying Garcia supporters to the funeral crashed early Friday on the outskirts of Lima, killing eight people and injuring more than 40.

Source: Fox News World

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Rwanda’s post-genocide guide keeps the memories alive

Aline Uwase, a Rwandan genocide survivor looks at the pictures of victims donated by survivors inside at the Genocide Memorial in Gisozi within Kigali
Aline Uwase, a Rwandan genocide survivor looks at the pictures of victims donated by survivors inside at the Genocide Memorial in Gisozi within Kigali, Rwanda April 3, 2019. REUTERS/Jean Bizimana

April 5, 2019

By Clement Uwiringiyimana

KIGALI (Reuters) – Every weekday, Aline Uwase Turatsinze gets up, washes her face and rides a motorbike to the site where more than 60 members of her family were buried after being murdered.

The quiet woman with the long braids is a guide at Rwanda’s genocide museum, a memorial to the killing that claimed 800,000 Tutsi and moderate Hutu lives after the then-president’s plane was shot down on April 7, 1994.

Uwase, who turns 25 on Friday, was two days old when the bloodshed began.

“I lost a lot of people,” she said.

“It’s a responsibility to be standing here … I am protecting the memory but as well putting the ‘Never again’ slogan in action so that it might not happen anywhere in the world. Not in Rwanda, not anywhere in the world.”

The Gisozi Memorial site is the final resting place of more than a quarter of a million people killed during the 100 days of genocide. Uwase wants visitors to see the memorial as a place of respect and learning, not bitterness or recrimination.

“We have reconciled,” she said, echoing the line of a government that strongly discourages any talk of ethnicity. “It doesn’t matter who I marry, the son of a survivor or the son or a perpetrator. The future is brighter.”

Each day, she walks through the memory room filled with the photos of children who were killed, accompanied by details about their favorite toys and the manner of their deaths. UNICEF estimated more than 300,000 children were killed. Most were hacked or beaten to death.

“You never get used to this,” she said, with tears in her eyes. “Every time I enter that room, I am never the same person when I get out.”

For a long time, Uwase avoided the videos of bodies floating down the river and of Hutu militias killing people with machetes because it makes her think of the father she never knew, a designer and painter whom she feels still watches over her.

“I don’t know how he was killed, but I imagine his death resembles this video. The murderers had machetes. Clubs…” she tailed off.

Other rooms contain an exhibition of genocidal violence around the globe, and Rwanda’s search for justice through an international tribunal and traditional local courts.

After the killings ended, shattered communities had to rebuild themselves as survivors sometimes returned to live next to those complicit in the killings of their families.

As the country recovered, some opposition leaders have criticized the government of President Paul Kagame for keeping a tight reign on the media and politics. Kagame won nearly 99 percent of the vote in 2017 polls on a 96 percent turnout.

Uwase dismisses such criticism, pointing out that Kagame ended the genocide when he fought his way to the capital at the head of the Rwandan Patriotic Front (RPF) rebel force.

“I should have been dead like any other person but I am here because of the RPF,” she said. “I can tell those critics: you can’t talk about something you don’t know.”

Now Rwanda is focused on the future, she said. While some of its neighbors stagnate in corruption, the small east African nation stands out for its ease of doing business and rising investment. Although there is still poverty in parts of the country, downtown Kigali is full of new buildings lining its clean and well-kept streets.

Many visiting business people come to the memorial, Uwase said. One recent visitor was Nikolaj Coster-Waldau, who stars in the television series “Game of Thrones”.

“Every person who comes here has questions to ask … Every time someone comes here it challenges them,” Uwase said. “I have something to teach the world about what happened to Rwanda and my family.”

(Editing by Robin Pomeroy)

Source: OANN

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New Zealand's climate change minister punched in face while on his way to parliament

A New Zealand government minister was punched in the face on Thursday while on his way to the parliament.

James Shaw, the climate change minister and co-leader of the Green Party, said the attack happened just before 8 a.m. when a man approached him after apperently recognizing him.

The man then grabbed and punched him several times, according to the Shaw’s press secretary, Peter Stevens, who noted that “He’s feeling a bit tender and a bit shaken up” after the incident.

COOK ISLANDS FORMS COMMITTEE TO SHED COLONIAL TITLE, RENAME AFTER POLYNESIAN ROOTS

Two other people rushed to help the minister after the attack, while the assailant jumped in a vehicle and drove away. The politician suffered a black eye and grazes on his wrist, the spokesperson said.

Authorities promptly arrested 47-year-old man who was charged with injuring with intent. He is set to appear in court on Friday and could face up to five years if prison.

New Zealand’s Prime Minister Jacinda Ardern spoke to the minister and said he was doing fine.

“When you go into politics in New Zealand you just don’t expect these things to happen, and I know it will be especially challenging for loved ones,” Ardern said in a statement.

NEW ZEALAND UNIVERSITY STUDENTS TO GET DRUG TESTING AT ORIENTATION: REPORT

“We have an environment in New Zealand where politicians are accessible, and that’s something we should feel proud of,” Ardern added. “We are, after all, here to serve people. But today’s events really show we cannot take that for granted.”

The scene of such attack is rare in New Zealand, a country where politicians often socialize with the public in stores, bars and sports arenas.

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The country has had only a few instances of politically motivated crimes or terrorism, while politicians rarely get protection, with the exception of the Prime Minister who gets round-the-clock security detail.

The Associated Press contributed to this report.

Source: Fox News World

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Cyclone ravages Mozambique, Malawi and Zimbabwe, killing at least 140

A powerful tropical storm has ripped through the coast of southeast Africa, leaving an estimated 140 people dead and hundreds more missing.

Cyclone Idai made contact with land on Thursday in the countries of Malawi, Mozambique and Zimbabwe, leaving a devastating path of destruction in its wake. Tens of thousands of people, primarily in impoverished rural areas, have been cut off from roads and telephones. It has impacted more than 1.5 million people, according to the U.N. and government officials.

The hardest hit has been Mozambique's central port city of Beira, where the airport is closed, electricity is out and homes have been destroyed. The cyclone first hit Mozambique with winds up to 106 mph, then moved westward into Zimabwe and Malawi, destroying homes, schools, businesses and police stations.

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Thousands have been forced to leave behind their belongings and flee to higher ground, as U.N. agencies and the Red Cross attempt to deliver food and medicine

Thousands have been forced to leave behind their belongings and flee to higher ground, as U.N. agencies and the Red Cross attempt to deliver food and medicine (Ministry of Information, Publicity & Broadcasting)

NEW ZEALAND MOSQUE SHOOTING SUSPECT CHARGED WITH MURDER COUNT, MORE ANTICIPATED

Thousands have been forced to leave behind their belongings and flee to higher ground, as U.N. agencies and the Red Cross attempt to deliver food and medicine. However, the high water level and strong winds have made it difficult to land planes and helicopters to carry out rescue operations, according to Mozambique's state radio.

Among the dead are at least two school children who perished when a rock fell from a nearby mountain, trapping dozens of students in a dormitory in Zimbabwe. The deaths there are primarily in the city of Chimanimani, which lies in a mountainous region popular with tourists.

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Flooding killed at least 70 people there before the storm even hit. The death toll is expected to rise as authorities continue to carry out rescue missions.

Mozambique has previously experienced deathly cyclones. In 2000, Cyclone Eline killed 350 people and displaced 650,000 in the wider region.

Source: Fox News World

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Video: Alex Jones Easily Out-Crazied by Typical CNN Viewer

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Source: InfoWars

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Study: Refugee Women Having Healthier Pregnancies Than US Women

African refugee women experience healthier pregnancies than women born in the United States, despite receiving less prenatal care, found a recent University at Buffalo study.

Compared to U.S.-born black and white women, African refugee women had fewer pre-pregnancy health risks, fewer preterm births and higher rates of vaginal deliveries. Surprisingly, the refugee women were more likely to delay beginning prenatal care until the second trimester.

The disparity, says the researchers, may be tied to various unhealthy behaviors and practices present within U.S. culture. For African refugee women, acculturation may negatively impact health.

“It is often thought that refugees immigrating to the United States from war-torn nations will experience a better quality of life once here,” says Kafuli Agbemenu, Ph.D., assistant professor in the UB School of Nursing and lead investigator on the study, published in February in the Journal of Women’s Health.

“However, some of the elements of U.S. life such as eating processed food, an increased reliance on cars or buses for transportation, extended inclement weather, a more individualistic society, and drug and alcohol use may, in fact, contribute to African refugee women having poorer reproductive health outcomes.”

Reproductive health disparities between U.S.-born white and black women are well documented, says Agbemenu. However, few comparisons have been made between African refugee women and U.S.-born women.

African refugee women are susceptible to numerous health disparities as a result factors such as socioeconomic status, gender, ethnicity, low-levels of education and language. Another risk-factor specific to their population is the high prevalence of past traumatic experiences.

These risks led researchers to believe African refugee women would have poorer reproductive health outcomes than women born in the U.S. The unexpected results reveal that the healthy immigrant effect—a phenomenon where immigrants experience healthier outcomes than native populations—extends to reproductive health.


New York Gov. Andrew Cuomo is under fire from faith leaders after he signed a bill into law that legalizes abortion up until birth.

The researchers examined electronic birth certificate data from hospitals within Erie County, an area of Western New York that resettles a large number of refugees. The data contained clinical, psychosocial, socioeconomic and demographic information, as well as the mother’s country of birth.

Women born in Burundi, Democratic Republic of Congo, Eritrea, Rwanda and Somalia were considered of refugee status for the study, due to the large refugee populations in Western New York resettled from these nations.

The data contained information on nearly 60,000 white, almost 17,500 black and close to 800 African refugee women who gave birth from 2007-16. The information was limited to mothers who used Medicaid to cover medical expenses to control for socioeconomic status.

Researchers discovered that African refugee women had significantly less maternal medical risk factors, such as pre-pregnancy hypertension or diabetes, compared to U.S.-born women. Refugee women experienced more vaginal births, and were less likely to undergo cesarean sections or to be medically induced into labor.

Less than 1 percent of refugee women smoked or took illegal drugs during pregnancy, compared to white women (12 percent smoked, 4.5 percent took illegal drugs) and black women (15 percent smoked, 18 percent took illegal drugs).

(Photo by Tatiana Vdb/Flickr)

Refugee women also had the fewest preterm birth (6 percent) compared with white women (9 percent) and black women (13 percent).

While most of the women from all groups began prenatal within the first trimester, African refugee women were more likely to delay prenatal care until the second trimester. Refugee women also received higher amounts of inadequate prenatal care (27 percent) compared to white women (12 percent) and black women (24 percent).

These favorable health outcomes for African refugee women also occurred in spite of the group experiencing higher rates of meconium staining, the earliest stool of an infant that when passed in the womb is a sign of fetal distress.

The high rate of inadequate prenatal care for African refugee women is troubling, says Agbemenu, and indicative of the disconnect between refugee populations and the health care community.

“These women have reported feeling ostracized and marginalized by the medical community,” says Agbemenu. “They are at times hesitant to seek care, and when they do, it is typically at a time when the problem has escalated.”

The development of culturally-targeted reproductive health education is urgently needed, she says. Health care professionals also need to understand that refugee women are likely to have histories of trauma and, therefore, need care delivered from a trauma-informed perspective.


Alex Jones exposes the massive push around the globe to use corporate media to use the New Zealand shooting to smear patriots.

Source: InfoWars

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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