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There needs to be one price for COVID-19 vaccines across the nation,” Supreme Court questions Central govt on dual policy

“Centre says it gets vaccines at low pricing since it buys in bulk, if this is the rationale then why do states have the higher price? There needs to be one price for the vaccines across the nation. Pandemic has evolved in last two months,” the Court said.
“In this case, if the purpose is to procure vaccines then why should the centre confine itself to only post 45 age people and leave pre 45 age entirely to state for arranging logistics. How do we look at the marginalised and economically weaker ones?” asked the Apex Court.

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India’s economic growth picks up before huge COVID-19 wave hit

Gross domestic product grew 1.6% in January-March compared with the same period a year earlier, mainly driven by state spending and manufacturing sector growth, data from the statistics ministry showed on Monday.

Economists said the country faces a slowdown in consumer demand as household incomes and jobs have declined, with limited scope for the government to offer growth stimulus due to its rising debt.

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Petitions filed in SC seeking contempt of court proceedings against the RBI Governor, others

The respondents, Reserve Bank of India (RBI) Governor, Shaktikant Das, Chief Executive of Indian Banks Association (IBA) were duty-bound to promulgate and ensure the compliance of the order of this court throughout the country but they deliberately didn’t, the petition said.
The Supreme Court’s order, dated September 3, 2020, was operational on all lending institutions/banks throughout the country and was passed in favour of all borrowers accounts to grant relief from financial stress during the COVID-19 pandemic, said the petition.

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Team to check crop insurance irregularities: Maha minister

Addressing a press meet, minister of state for revenue Sattar said the Maharashtra and Central governments had paid Rs 5,800 crore as crop insurance premium last year, while these firms had dispersed just Rs 1,000 crore as claim to farmers.” ”The role of tehsildars and agriculture department officials must be checked in this matter. Those involved should be subjected to narco tests,” he asserted.

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Paytm board grants in-principle approval for around Rs 22,000 crore IPO

It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders include Alibaba’s Ant Group (29.71 per cent), Softbank Vision Fund (19.63 per cent), Saif Partners (18.56 per cent), Vijay Shekhar Sharma (14.67 per cent). AGH Holding, T Rowe Price and Discovery Capital, Berkshire Hathaway hold less than 10 per cent stake in the company.

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Covid-19: Govt announces additional benefits under EPFO, ESIC schemes

“The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about wellbeing of their family members due to increase in incidences of death due to COVID-19 pandemic,” a ministry statement said.

Enhanced social security is sought to be provided to the workers without any additional cost to the employer, it added.

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