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GST Council meet: Taxation on insurance premium, rate rationalisation key hopes
Nirmala Sithraman,Union Finance Minister The meeting is going to...
India records over 3.52 lakh new COVID-19 cases, 2812 deaths
The total count of positive cases now stands at 1,73,13,163, including 1,95,123 deaths and 1,43,04,382 recoveries. As many as 27,93,21,177 samples have been tested for COVID-19 up to April 25, the Indian Council of Medical Research (ICMR) informed. Of these 14,02,367 samples were tested on Sunday.
FPIs pull out Rs 7,622 from Indian markets so far in April
FPIs have been “net sellers in the equity markets for five weeks in a row now”, noted Himanshu Srivastava, associate director – manager research, Morningstar India.
Srivastava said the recent spate of net outflows could be largely attributed to the enormous surge in the COVID-19 pandemic in India, which has led several states to impose restrictions to bring the situation under control.
PMO says 551 oxygen generation plants to be set up through PM Cares Fund
These dedicated plants will be established in identified government hospitals in district headquarters in various states and union territories, and their procurement will be done through the Health and Family Welfare ministry.
The PM Cares Fund had earlier this year allocated Rs 201.58 crores for installation of additional 162 dedicated PSA medical oxygen generation plants inside public health facilities in the country, the PMO noted.
Covid vaccine shortage holds emerging markets back from global rally
“Not only do we have a much slower vaccination program across emerging markets, but worries over debt loads, external vulnerabilities, fiscal prudence, inflation and currency stability will hamper a much stronger recovery post-pandemic,” said Mohammed Elmi, a portfolio manager at Federated Hermes in London. He recommends rotating into countries and assets that benefit from U.S. growth via trade links or exports, such as Mexico.
SIA-India for unleashing full potential of all satellite bands for IoT
”Satellite-based connectivity has proven to be a cost-competitive and efficient alternative to the provision of broadband – whether directly or by extending terrestrial networks – especially in places that would otherwise be difficult or impossible to reach with terrestrial infrastructure,” said statement by SIA, a non-profit association representing the interests of communication satellite ecosystem in India. The comments come against the backdrop of TRAI inviting public views for framing licensing norms for satellite-based connectivity for low bit rate applications. The low bit rate applications are sensor-based applications used in ATMs, traffic management, vehicle tracking, IoT devices.
Covid-19: Of 15,000 virus sequences, 11% comprise of UK, SA and Brazil variants; UK strain dominant in India
“Variant viruses have contributed to this surge. These variants are more infectious and sometimes lead to partial evasion of immune responses, leading to re-infection or breakthrough infections.” leading Virologist Dr. Shahid Jameel
Throat spray, oral drug for malaria-arthritis effective in reducing spread of Covid-19: Study
India’s urban affluent hit by new virus wave after dodging first
With the so-called consuming class ravaged by the new wave, India’s growth is at risk because private consumption accounts for about 60% of India’s economy. The central bank’s consumer confidence survey is showing increasing pessimism on jobs and policy makers have said they stand ready to support growth in what is now the world’s epicenter of the pandemic.
India may peak at 3.5 mn active cases around May 15: IIT scientists
The scientists also said Delhi, Haryana, Rajasthan and Telangana may see a high of new cases by April 25-30, while Maharashtra and Chhattisgarh might already have reached their peak in new cases.
Covid-19 challenge bigger than last year, stop it from hitting villages: PM
“I have this confidence that if someone is going to emerge victorious first in this fight against the coronavirus, then it is going to be India’s villages, the leadership of these villages… The people of the villages will show the way to the country and the world,” the prime minister said.