Whats Popular Today Wed 29 Mar

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Jay Cutler, April Ryan, Emmy Rossum, S Town Podcast, …

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Sonakshi doesn’t want to play “arm candy” anymore

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Pic: Karisma Kapoor and Rhea Kapoor’s girls’ night out in London

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Shraddha Kapoor may be diplomatic most of the time, but she was all kinds of amazing when she recently took to her Twitter handle to have a session of #AskShraddha with her followers. As the questions from her fans kept coming, the ‘OK Jaanu’ actress showed her fun side with her witty replies.

One of her fans asked Shraddha to describe her contemporary Alia Bhatt in just one word. Without batting an eyelid, the chirpy actress replied, “Pataka”. With this simple reply, Shraddha further cemented the fact that the relationship between Bollywood’s gen-next actresses is not that of catfights but of strong friendships. More power to you, girls!

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In Pics: Glitz and glamour from the Hello! Hall of Fame Awards 2017

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Stocks seen hitting record high by end-June on economic optimism: Reuters poll

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BENGALURU India’s benchmark BSE Sensex share index will scale a new record high by mid-year, according to strategists and brokers in a Reuters poll, who have upgraded their forecasts significantly from three months ago.

This more bullish view emerges from the poll despite widespread concern since the last Reuters poll over the damage a disruptive and radical government move to replace the bulk of currency in circulation may have done to the economy.

So far there is no official evidence of such damage occurring. India’s economy had grown 7 percent versus a year ago last quarter, while the government’s ability to drive such sweeping change appears to have emboldened investors and traders alike.

Increased economic optimism coincides with a rush into global stock markets that is based in part on a view the world economy is in an upturn as well as hopes that the new U.S. administration will deregulate finance and cut taxes.

Indian shares have outperformed major global stock indices this year, gaining over 10 percent, and are forecast to rise another 3 percent by mid-year and a little over 6 percent by the end of 2017 from here.

“A stable rupee and global liquidity will give more room (for) the Indian stock market to go up,” said C.A. Rudramurthy, managing director at Vachana Investments.

The Reuters poll of more than 50 equity market strategists, brokers and fund managers taken March 20-27 found the BSE Sensex is forecast to rise to a record of 30,294 in the next three months.

It is then expected to reach 31,250 by the end of this year. The index closed at 29,409.52 on Tuesday.

Similar hefty gains are forecast for the broader NSE index, which is forecast to trade at 9,300 by mid-2017 and then rise to 9,525 by December 2017.


Just this month, $6.1 billion of foreign investment flowed into Indian debt and equities. Foreign investors are expected to be the biggest contributors to Indian share price movements over the next three months, according to the majority of respondents polled.

India has attracted substantial foreign investment in recent years via a relatively stable rupee as well as a government that enjoys strong support and is keen to enact reforms that attract foreign capital.

A separate Reuters poll showed that the rupee is expected to weaken slightly, trading at 68.29 per dollar in six months and 68.84 in a year compared with around 65 now.

The Nifty 50 share index hit a record high after the ruling Bharatiya Janata Party (BJP) resoundingly won an election earlier this month in Uttar Pradesh, home to 220 million people.

While the Sensex is just a tad over 600 points away from its lifetime high, equity strategists are concerned about continued downgrades to corporate earnings.

Strategists were also split whether the current stock index level is expensive, fairly valued or cheap.

Twenty-four of 49 respondents said that Indian shares are currently overvalued.

“(The) market is overvalued as earnings have not picked up, and after the earnings downgrade that we saw in the last quarter there has not been much improvement in the economy”, said Neeraj Dewan, director at Quantum Securities.

Twenty-three poll respondents said Indian shares were fairly priced, while the remaining two said Indian shares were cheap.

Despite that split, the vast majority of analysts and brokers do not expect a correction of more than 10 percent this year.

(Reporting by Kailash Bathija and Vivek Mishra; Polling by Khushboo Mittal; Editing by Ross Finley and Eric Meijer)

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India’s economic data not politically influenced, Arvind Subramanian says

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HONG KONG India’s chief economic adviser rejected the notion that official data was politically influenced as “utter nonsense”, after surprisingly strong growth in the wake of a government ban on high denomination bank notes caused raised eyebrows among independent analysts.

Speaking to an investment forum in Hong Kong on Wednesday, Arvind Subramanian said India was seeking to improve its methodology, and its data should not draw the same scepticism with which some analysts treat China’s economic data.

“Let me say this categorically to all the investors and I am not batting on behalf of the government here,” he told the annual Credit Suisse Asian Investment Conference in Hong Kong.

Many analysts were surprised that a slowdown in growth during the December quarter was not as bad as they had expected following Prime Minister Narendra Modi’s decision in November to outlaw 500 and 1,000 rupee banknotes in a radical move against tax avoidance and corruption in the cash-reliant economy.

The decision sucked 86 percent of cash out of circulation, and everyone from street hawkers to big consumer goods firms suffered a slump in sales.

With data on commercial vehicle output, rail freight, service tax receipts and home appliance sales showing slowing growth or contraction, economic expansion in the quarter to December was forecast by economists at 6.4 percent.

Instead, the official data showed the economy grew 7.0 percent, enough for India to retain the title of the world’s fastest growing major economy even though it was slower than the 7.4 percent growth posed for the September quarter.

Getting economic growth up to 8-10 percent is essential for job generation in India, Subramanian said, adding that boosting private sector investment remains a challenge.

He told the investor conference that there was a need for more direct investment in the manufacturing sector.

New Delhi’s GDP data has been questioned since a change in methodology in 2015 transformed India into the world’s fastest-growing major economy.

The government defended the overhaul, which occurred less than a year after Modi swept to power, citing an improved database covering hundreds of thousands of firms.

Data reporting has long been a challenge in an economy where the informal sector accounts for 40 percent of output and employs nine in 10 workers.

The IMF expects India to remain one of the fastest growing emerging market economies, forecasting 6.6 percent growth in the fiscal year ending on March 31, and 7.2 percent for the coming fiscal year.

(Reporting by Saikat Chatterjee; Writing by Farah Master; Editing by Simon Cameron-Moore)

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‘Bradman-like’ Smith to become great captain

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DHARAMSALA Australia coach Darren Lehmann has hailed ‘Bradman-like’ Steve Smith for his consistent form with the bat and believes the 27-year-old has the potential to become one of Australia’s great captains.

Smith’s emerging side lost a tight four-match series to India 2-1 on Tuesday but he did lead them to a first test match victory in the country since 2004 when they beat the world’s top-ranked side inside three days in the series opener in Pune.

The unorthodox batsman was the top scorer in the series with 499 runs, which included three hundreds, and Lehmann said his consistency was similar to former great Donald Bradman, who retired with a career test batting average of 99.94.

“He’s been brilliant,” Lehmann told reporters in Dharamsala. “He’s been unbelievable. He’s been Bradman-like with the bat but all the stuff behind the scenes has been exceptional.

“Really pleased for him and what he’s brought to the team as a leader. The way they’ve gone about it has been impressive.

“He’s led from the front, the captain. Three hundreds in four test matches is pretty special.”

Last year, Australia suffered a 3-0 whitewash in Sri Lanka before Smith’s men were beaten at home in the first two tests of a three-match series by South Africa.

An overhauled side gained a consolation win against the Proteas in a day-nighter at Adelaide Oval and then hammered visiting Pakistan 3-0.

Australia’s Pune win halted India’s unbeaten streak of 19 tests, surprising many after the touring side arrived in the country on the back of nine straight losses in Asia.

Lehmann was confident Smith, ranked number one among test batsmen, could match the success achieved by Australia’s modern captains like Michael Clarke, Ricky Ponting, Steve Waugh and Mark Taylor.

“Yeah I think so. He’s a cricket nuffie (obsessed with the sport), loves the game,” Lehmann said. “He’s passionate about the game, loves the game, loves his players. Helps support staff out.

“Behind the scenes, he’s into it every day, making sure everyone is okay. I’ve been so proud of him as a leader. He’s a different leader to Michael, to Ricky, to Taylor, to Waugh. And he’s working out his own identity as a captain.

“Everyone is proud of him. So pleased with where he is going. He’ll just get better and better.”

(Reporting by Sudipto Ganguly in Mumbai; Editing by John O’Brien)

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Sensex ends higher as foreign inflows continue

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Indian shares ended higher for a second consecutive session on Wednesday as strong foreign investments into the country continued, although broader gains were capped ahead of the earnings season.

The broader NSE Nifty ended 0.47 percent higher at 9,143.80 while the benchmark BSE Sensex closed 0.41 percent higher at 29,531.43.

(Reporting by Aby Jose Koilparambil in Bengaluru)

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Good cricket mixed with bad blood makes for fine series

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DHARAMSALA, India As India celebrate the return of the Border-Gavaskar Trophy from previous holders Australia, the overriding consensus is that the hosts maintained order between the sport’s top two test sides in a series that had everything.

Seldom has a tour been dragged deep into the gutter through tit-for-tat accusations of cheating and foul play only for it to rise magnificently in the wake of some quality cricket by the bitterest of antagonists.

“It was a magnificent series, one of the best I’ve been part of,” Australia captain Steve Smith, a key protagonist in the series, said after his team finally succumbed to a 2-1 loss in the fourth and final test on Tuesday.

Given their history, it seemed inevitable that tempers would flare between sides that endorse an identical brand of aggressive cricket when they met in Pune for the opener, which passed without incident barring a surprise win for the visitors.

The veneer cracked in the second test, however, when all hell broke loose after Smith gestured to his dressing room whether to review an lbw decision against him during a tense but fruitless run chase in Bengaluru.

The “brain fade” drew a predictable reaction from his feisty Indian counterpart Virat Kohli, who claimed it was but one of several similar breaches by the tourists, an allegation Australia summarily dismissed.

The incident quickly snowballed into a major crisis with both boards springing to the defence of their respective captains.


The game’s governing body moved quickly to douse the flames with a lenient view of the episode, which must have felt like deja vu for India coach Anil Kumble.

Kumble was captain of the Indian team who threatened to abandon their 2008 tour of Australia after Harbhajan Singh was found guilty of racially abusing Andrew Symonds, a conviction that was later overturned.

Match referee Richie Richardson sat Kohli and Smith down before the third test, reminding them of their duty to uphold the spirit of the game.

The draw in Ranchi stood out for Cheteshwar Pujara’s dogged resistance and Pat Cummins’ successful return to test cricket but the bitterness returned when Glenn Maxwell mocked Kohli for an injury that would keep him out of the series decider.

India prevailed in Dharamsala, the third new test venue unveiled in the series, after some fine individual performances pushed the balance in the home side’s favour, but there was little let up in the acrimony.

Ravindra Jadeja exchanged heated words with Matthew Wade and Smith was caught on camera mouthing abuse towards Murali Vijay after he claimed a clean catch that was overturned by the TV umpire.

“I have sort of been very intense in my own little bubble, and at times I have let my emotions and actions just falter a little bit throughout this series and I apologise for that,” added Smith, the top scorer in the series.

Kohli, who endured a poor run with the bat, made no such conciliatory attempt, saying he was no longer friends with the Australian cricketers, many of whom he would be meeting in the Indian Premier League (IPL) next month.

(Editing by John O’Brien)

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London attack a ‘wake-up’ call for tech firms to put house in order

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LONDON The London attack which left four people dead was a “wake up call” for technology firms to get their house in order over extremist material being circulated on the internet, the acting head of London’s police force said on Wednesday.

The comments from Craig Mackey, acting Commissioner of the Metropolitan Police, come after calls from politicians for tech firms, mainly based in the United States, to cooperate more with the authorities.

“I think these sorts of incidents and the others we’ve seen in Europe are probably a bit of a wake-up call for the industry in terms of trying to understand what it means to put your own house in order,” Mackey told the London Assembly’s Police and Crime Committee.

“If you are going to have ethical statement and talk about operating in an ethical way, it actually has to mean something. That is the sort of thing that obviously politicians and others will push now.”

The British government and a series of well-known British brands such as Marks and Spencer Group Plc had already suspended digital advertising with Alphabet Inc’s before the attack because ads were appearing alongside videos on its YouTube platform with homophobic or anti-Semitic messages.

They have since been joined by U.S. wireless carriers Verizon Communications Inc and ATT Inc. The action has prompted Google to apologise and review its advertising practices.

London police already have a specialist unit which aims to remove extremist material but Mackey said “the internet was never designed to be policed as such”.

British officials have also demanded tech firms do more to allow police access to smartphone communications after reports that Khalid Masood had used encrypted messaging via WhatsApp before he drove a rented car into pedestrians on Westminster Bridge and stabbed to death a police officer by parliament.

“We work hard with the industry to highlight the challenges of these very secure applications,” Mackey said. “It’s a challenge when you are dealing with companies that are global by their very nature because they don’t always operate under the same legal framework as us.”

Regarding the police’s ongoing inquiry into last week’s attack, Mackey said detectives still believed Masood had acted alone. So far 12 people have been arrested, with two still in police custody.

Mackey also said there had been a “slight uplift” in hate crimes directed at Muslims but not on the scale seen after previous similar incidents.

(Editing by Stephen Addison)

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British PM May fires starting gun on Brexit

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LONDON Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union.

Nine months after Britons voted to leave, May notified EU Council President Donald Tusk in a letter that the UK is quitting the bloc it joined in 1973.

The prime minister, an initial opponent of Brexit who won the top job in the political turmoil that followed the referendum vote, now has two years to settle the terms of the divorce before it comes into effect in late March 2019.

“Now that the decision has been made to leave the EU, it is time to come together,” May said in a statement issued by her office.

“When I sit around the negotiating table in the months ahead, I will represent every person in the whole United Kingdom – young and old, rich and poor, city, town, country and all the villages and hamlets in between,” she said.

On the eve of Brexit, May, 60, has one of the toughest jobs of any recent British prime minister: holding Britain together in the face of renewed Scottish independence demands, while conducting arduous talks with 27 other EU states on finance, trade, security and other complex issues.

The outcome of the negotiations will shape the future of Britain’s $2.6 trillion economy, the world’s fifth biggest, and determine whether London can keep its place as one of the top two global financial centres.

For the EU, already reeling from successive crises over debt and refugees, the loss of Britain is the biggest blow yet to 60 years of efforts to forge European unity in the wake of two devastating world wars.

Its leaders say they do not want to punish Britain. But with nationalist, anti-EU parties on the rise across Europe, they cannot afford to give London generous terms that might encourage other member states to break away.


May’s notice of the UK’s intention to leave the bloc under Article 50 of the EU’s Lisbon Treaty was hand-delivered to Tusk in Brussels by Tim Barrow, Britain’s permanent representative to the EU.

Barrow handed the letter to Tusk, the EU summit chair and former Polish prime minister, in the Council President’s offices on the top 11th floor of the new Europa Building.

That moment formally set the clock ticking on Britain’s two-year exit process.

May signed the Brexit letter on Tuesday, pictured alone at the cabinet table beneath a clock, a British flag and an oil-painting of Britain’s first prime minister, Robert Walpole.


The Sun, Britain’s most popular newspaper, projected giant messages to Europe including “Dover and Out”, “Goodbye” and “See EU Later” onto the white cliffs of Dover facing the continent.

In the French media, the response was less celebratory. The Libération newspaper led with the headline: “We miss you already! Or do we…” over a picture of a guardsman wearing a bearskin hat, a traditional symbol of Britain.

The Brexit letter was expected to seek to set a positive tone for the talks and recap 12 key points which May set out as her goals in a speech in January, EU officials said.

Within 48 hours, Tusk will send the 27 other states draft negotiating guidelines. He will outline his views in Malta, where from Wednesday he will be attending a congress of centre-right leaders. Ambassadors of the 27 will then meet in Brussels to discuss Tusk’s draft.

European Union leaders will pledge to stand united in “constructive” talks with Britain to reduce uncertainty for citizens and businesses, a draft document showed.

The course of the Brexit talks is uncertain.

May has promised to seek the greatest possible access to European markets but said Britain will aim to establish its own free trade deals with countries beyond Europe, and impose limits on immigration from the continent.

She has acknowledged that those measures would require withdrawing from the EU ‘single market’ of 500 million people, founded on the principles of free movement of goods, services, capital and people.

Her priorities also include leaving the jurisdiction of the European Court of Justice and securing “frictionless” trade with the bloc while ending full membership of the customs union that sets external tariffs for goods imported into the bloc.

She wants to negotiate Britain’s divorce and the future trading relationship with the EU within the two-year period, though EU officials say that will be hard.

“It was you, the British, who decided to leave, not us who wanted you to go,” said one senior EU diplomat. “The trading relationship is going to be the most difficult bit to solve – I don’t see how that will be done in that time frame.”

A huge number of questions remain, including whether exporters will keep tariff-free access to the single market and whether British-based banks will still be able to serve continental clients, not to mention immigration and the future rights of EU citizens in the UK and Britons living in Europe.

One major uncertainty for May is who will be leading France and Germany, which both face elections this year.

“It’s bad news for everybody. It’s a wedge pushed into the European project,” French centrist presidential candidate Emmanuel Macron told Europe 1 radio.

The pro-EU Macron has struck a firm line on Brexit, saying he would ensure Britain gains no undue advantages outside the Union.


Britain’s finance minister, Philip Hammond, said he was confident the country would negotiate a customs arrangement with the EU that would allow for borders to be as frictionless as possible after Brexit.

Global banks such as Goldman Sachs are considering moving some staff out of Britain due to Brexit, and some major companies and banks could use the Article 50 trigger date to update investors on their plans.

Goldman used a voicemail sent by the Wall Street firm’s Europe CEO to reassure London-based staff over potential disruption to its business.

At home, May’s United Kingdom is divided and faces strains that could lead to its break-up. In the Brexit referendum, England and Wales voted to leave the EU but Scotland and Northern Ireland voted to stay.

Scottish nationalists have demanded an independence referendum that May has refused. In Northern Ireland, rival parties are embroiled in a major political crisis and Sinn Fein nationalists are demanding a vote on leaving the UK and uniting with the Republic of Ireland.

(Additional reporting by Alastair Macdonald and Jan Strupczewski in Brussels, Michael Rose in Paris and Estelle Shirbon, Kate Holton, Kylie MacLellan, William James and Anjuli Davies in London; Writing by Guy Faulconbridge; Editing by Mark Trevelyan, Peter Millership and Giles Elgood)

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Foreign stock investors race to India ahead of tax changes but inflows seen slowing

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MUMBAI Foreign investors are set for their biggest monthly purchases of Indian equities in four years in March, but analysts expect inflows to moderate after a major overhaul of tax rules kicks in on April 1.

Market participants estimate about one-third of the inflows of $3.6 billion seen this month – the biggest since February 2013 – were linked to buying ahead of the implementation of the General Anti-Avoidance Rules (GAAR).

The rules will make it harder to avoid domestic duties by routing investments through tax havens.

The magnitude of investment has surprised markets, helping the NSE index hit a record high on March 17. It is up about 10 percent so far this year.

But exporters have been hit badly as surging capital inflows sent the rupee to its strongest against the dollar since October 2015.

Analysts say they expect more muted investment flows for the rest of the year, saying India still remains appealing to foreign investors due to optimism about an improving economy and Prime Minister Narendra Modi’s reform process.

“People would have intuitively accelerated the investments to avoid the provisions of GAAR,” said Amit Jain, managing director of private equity firm GTI Capital.

Among steps GTI took was redeeming convertible debt to equity, since GAAR would make it harder to avoid capital gains taxes of 15 percent for investments held for less than a year.

Investors have also rushed to buy initial public offerings, while private equity investors have also accelerated their purchases, according to market participants.

Those accelerated investments helped add $1 billion to $1.5 billion in foreign investments to equities in March, said four traders who handle foreign trades. That would mean that without GAAR as a factor, inflows would have more likely matched the around $1.5 billion in equity purchases seen in February.

More muted foreign inflows in coming months would ease pressure on the rupee and exporters.

Software services provider Tata Consultancy Services and drug makers such as Sun Pharmaceutical Industries have sharply under-performed the NSE this month as a result of the stronger currency, which has appreciated nearly 5 percent so far in 2017.

But over the long-term India still remains a positive story for many investors, even with GAAR meaning higher taxes for foreign investors.

“India is a market we like,” said Fabiana Fedeli, a senior portfolio manager at Robeco.

“The reforms that are happening there are unprecedented and we see these reforms as putting India on a completely different level to other emerging markets and versus its own history.”

(Additional reporting by Sujata Rao-Coverley and Claire Milhench in LONDON; Editing by Rafael Nam and Kim Coghill)

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Supreme Court bans sale of older-technology vehicles from April

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NEW DELHI The Supreme Court on Wednesday banned the sale of vehicles running on older Euro III fuel technology from April 1, a decision that led to a sharp fall in shares of major automakers sitting on unsold inventories.

Shares of two-wheeler manufacturer Hero MotoCorp fell as much as 4.4 percent, while those of truck manufacturer Ashok Leyland were down as much as 6.6 percent and carmaker Tata Motors’ shares dropped nearly 2 percent.

The court, in its judgment, said health concerns of citizens took precedence over any financial losses for companies.

India, in 2015, had said automakers must manufacture only Euro IV-compliant vehicles from April 1, 2017 as they are less polluting, but did not propose banning the sale of older-technology vehicles from the same day.

Currently Euro IV vehicles, locally known as Bharat Stage (BS) IV, are sold in select states, while Euro III vehicles are sold more widely across the country.

There is unsold stock of more than 800,000 BS III-compliant vehicles, mainly two-wheelers, worth about 120 billion rupees ($1.85 billion), Mumbai-based Angel Broking said in a note.

It added that the older technology two-wheeler inventory could be sold in international markets where such vehicles are still permitted.

“Days before the deadline, they said you cannot sell,” Vinod Dasari, president of the Society of Indian Automobile Manufacturers (SIAM), and managing director of Ashok Leyland, told television channel BTVi.

“I don’t think this much inventory can be sold off in the next couple of days,” Dasari said.

($1 = 64.9050 Indian rupees)

(Reporting by Suchitra Mohanty, writing by Aditi Shah; Editing by Sunil Nair)

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India’s crackdown on abattoirs spreads, causing Muslim unease

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MUMBAI/NEW DELHI A crackdown on unlicensed abattoirs in India’s most populous state has spread to other states ruled by Prime Minister Narendra Modi’s party, as Hindu hardliners press a political agenda that risks alienating the country’s Muslim minority.

The latest crackdown started after Modi appointed Yogi Adityanath as chief minister of Uttar Pradesh following the Bharatiya Janata Party’s landslide victory in elections there earlier this month.

The demands by right-wing Hindu groups to stop the slaughter of cows, considered holy in Hinduism, could stoke communal tensions with Muslims, who dominate the meat industry and make up 14 percent of India’s 1.3 billion people. Most of the beef produced in India comes from buffalo rather than cattle.

Adityanath ordered closure of abattoirs operating without licenses soon after taking over as chief minister on March 18.

“If it is legal, nobody has a right to stop it. But if it is illegal, why should this be allowed to function? We believe in the rule of the land,” said Rajiv Tuli, media coordinator of the Rashtriya Swayamsevak Sangh, the ideological parent of the BJP.

A senior BJP official also defended the action, saying it was part of the party’s election manifesto in Uttar Pradesh, and followed through on the stand taken by Modi during 2014 general election campaign, when he spoke out against India increasing meat exports.

“Even Modiji vowed to put an end to pink revolution during the 2014 election campaign, so there is nothing wrong in shutting down illegal shops,” the official said, referring to the modernisation of meat and poultry processing units and growth of the meat industry.

Several other BJP-ruled states, including Jharkhand, Rajasthan, Uttarakhand, Chhattisgarh and Madhya Pradesh, have followed suit, ordering closures of abattoirs operating without licences, according to media reports and local officials.

“The order has been issued keeping overall issues of public health, hygiene, and safety in mind. We will not allow any illegal abattoirs to operate,” K G Rahate, a senior Jharkhand government official told Reuters.

Raghubar Das, chief minister of Jharkhand, also issued advertisements in local papers to appeal to meat sellers to follow his government’s instruction.

In Rajasthan, 16 illegal slaughterhouses were shut down last week, a government official said.

The closures have led to fears of meat shortages and disruption of exports of buffalo beef and other meat products.

India is one of the largest exporters of buffalo meat, selling $4 billion worth of beef in the 2015/16 fiscal year. Its biggest buyers included Vietnam, Malaysia and Egypt.

Uttar Pradesh is the biggest producer of buffalo meat in the country, and exporters said the latest crackdown will hurt business.

“Right now everyone is very scared because they don’t know whether what they are doing will be termed as legal or illegal,” said Priya Sud, partner at Al Noor Exports, which operates slaughter houses in Uttar Pradesh.

Muslims working in the meat industry are fearful for their jobs and meat sellers in Uttar Pradesh have gone on strike in protest.

“Supply of all kinds of meat has been disrupted due to the new rules. Restaurants don’t have enough meat to serve,” said Iqbal Qureshi, president of the Meat Murga Vyapar Kalyan Samiti, a meat sellers’ body in Uttar Pradesh.

(Additional reporting by Jatindra Dash in BHUBANESWAR, Rupam Nair and Krishna Das in NEW DELHI; Editing by Simon Cameron-Moore)

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