V K Paul, Member (Health), NITI Aayog “This decline in...
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Pharma companies deny manufacturing drugs flagged in CDSCO report
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Govt hikes minimum wages fron Oct 1 as living costs surge
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Govt may table amendment to DICGC Act in monsoon session
Last year, the government raised insurance cover on deposit five-folds to Rs 5 lakh with a view to provide support to depositors of ailing lenders like Punjab and Maharashtra Co-operative (PMC) Bank. Following the collapse of PMC Bank, Yes Bank and Lakshmi Vilas Bank too came under stress leading to restructuring by the regulator and the government.
India’s virus cases lower but WHO expert says positive tests ominously high
Even with a downturn over the past few days, experts said there was no certainty that infections had peaked, with alarm growing both at home and abroad over the new more contagious B.1.617 variant taking hold.
“There are still many parts of the country which have not yet experienced the peak, they are still going up,” World Health Organization Chief Scientist Soumya Swaminathan was quoted as saying in the Hindu newspaper.
Second wave of COVID-19 to impact blue-collar, gig jobs : Report
However, it stated that in the ongoing second wave of the pandemic (April and May 2021), India is witnessing a decline in the economic activity owing to the localised lockdowns, but the impact on the economy is unlikely to be as devastating as in 2020.
India’s once-in-a-century budget runs into trouble as virus strikes back
The budget aimed to revive Asia’s third-largest economy via investing in infrastructure and health care, while relying on an aggressive privatisation strategy and robust tax collections – on the back of projected growth of 10.5 per cent – to fund its spending in the fiscal year.
Truckers demand relief measures as losses mount to Rs 42,000 cr due to lockdowns
He said that the per day industry’s losses have gone up to Rs 1,600 crore in May from Rs 400 crore in the beginning of April as more states announced lockdown and lockdown-like restriction in the subsequent period amid the massive spike in Covid-19 infection cases in the country. ”In the first 15 days of April, the industry was facing Rs 400 crore per day, which rose to Rs 800 crore per day by April 30.
They have now doubled to Rs 1,600 crore per day till May 15. So, as of May 15, the industry’s cumulative losses were a whopping Rs 42,000 crore,” said Singh. He said that the rising diesel prices, besides the impact of the lockdown was adding to the woes of the industry.
Lufthansa to operate flights between India and Germany via Bahrain instead of Dubai
The German airline said in a statement, ”This change was made due to new UAE regulations that restrict flights between India and Dubai for passengers who were transiting there up to now for operational reason.” From May 16, all 10 weekly flights between Frankfurt in Germany and Delhi, Mumbai and Bangalore in India will transit in Bahrain, it said.
Indian hotel industry takes over Rs 1.30 lakh cr revenue hit in FY21, seeks govt support: FHRAI
”The Indian hotel industry’s total revenue in FY2019-20 stood at Rs 1.82 lakh crore. As per our estimates, in FY2020-21, approximately 75 per cent of the industry’s revenues got wiped off. That is more than Rs 1.30 lakh crore revenue hit,” the FHRAI said in a statement.
India to start evacuating parts of west coast as cyclone approaches
“It is very likely to intensify further during the 24 hours, and move north-northwestwards and reach Gujarat coast in the evening of 17th (May),” the India Meteorological Department said in a statement. Cyclone Tauktae, which formed in the Arabian sea, is expected to cross Gujarat with wind gusts of up to 175 kmph (109 mph) and is expected to make landfall in the state the following morning.
Four deaths have been reported from Karnataka’s Uttara Kannada, Udupi, Chikkamagaluru and Shivamogga districts in cyclone-related incidents.
India is preparing to evacuate thousands of people from low-lying areas along its western coast as a powerful cyclone is expected to make landfall on Tuesday morning in the state of Gujarat.
Rajnath Singh to release first batch of DRDO’s 2DG medicine for treating COVID-19 patients today
“An anti-COVID-19 therapeutic application of the drug 2-deoxy-D-glucose (2-DG) has been developed by Institute of Nuclear Medicine and Allied Sciences (INMAS), a lab of Defence Research and Development Organisation (DRDO), in collaboration with Dr Reddy’s Laboratories (DRL), Hyderabad”, informed an official release by Ministry of Defence.
No denial of vaccine, essential services for lack of Aadhaar, says UIDAI
In a statement, the UIDAI said there is a well-established exception handling mechanism (EHM) for Aadhaar, and that it should be followed to ensure delivery of benefits and services in the absence of the 12-digit biometric ID.