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World witnessing third wave, ensure it doesn’t hit India: Dr VK Paul

“We would like to request to everyone, when we talk about the third wave (of COVID-19), we are taking it as a weather update and not understanding its seriousness and our responsibilities associated with it,” he said. Agarwal also highlighted that the Centre has deputed teams in 11 states so that they can help the state governments in COVID-19 management.

People cutting spends on health, grocery as fuel prices bite, say SBI economists

”As consumers are spending more on fuel, it is crowding out expenses on health. Our analysis of SBI card spends indicates that spend on non-discretionary health expenditure has been substantially reduced to accommodate increased expenditure on fuel,” group chief economic adviser Soumya Kanti Ghosh said.

”In fact such spending has more than crowded out the spending on other non-discretionary items, like grocery and utility services to such an extent that the demand for such products has significantly declined,” he added.

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