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India records 3.11 lakh fresh COVID-19 cases in single day
A total of 3,11,170 new cases were reported in a day, while the death toll climbed to 2,70,284 with 4,077 daily fatalities, the data updated at 8 am showed.
The active cases have reduced to 36,18,458 comprising 14.66 per cent of the total infections, while the national COVID-19 recovery rate has improved to 84.25 per cent, the data updated at 8 am showed.
Cairn identifies $70 bn Indian assets for seizing to recover amount due from govt
The assets identified range from Air India”s planes to vessels belonging to the Shipping Corporation of India, and properties owned by state-owned banks to oil and gas cargoes of PSUs, three people familiar with the matter said.
These assets are across several jurisdictions, they said without giving further details.
Cairn plans to move courts in the US to Singapore for seizure of the assets in absence of Indian government”s refusal to honour an international arbitration award.
M&M announces Rs 1-lakh health insurance for new tractor customers
M&M President (Farm Equipment Sector) Hemant Sikka said the new ‘M–Protect Covid Plan’ is a new initiative targeted at farmers,” as we stand by them to drive positive change even in these tough times”.
India records over 3.26 lakh new COVID-19 cases, 3,890 deaths in last 24 hrs
After 3,890 deaths in the last 24 hours, the toll due to the disease has gone up to 2,66,207. Karnataka has now emerged as the new COVID-19 hotspot with 5,98,625 active cases, the highest in the country, followed by Maharashtra with 5,21,683 active infections.
India’s Covid crisis hits work at ports as risk to global trade grows
India has 21.9 million tons of cargoes scheduled to arrive this month but with labor shortages and force majeure at some ports, many of the vessels could see discharge delays, according to IHS Markit associate director Pranay Shukla. That may have a knock-on effect on scheduled loadings at the exporting countries.
The situation may echo global trade disruptions seen last year after virus restrictions slowed shipments into China. While India accounts for only fraction of the global trade that China does, any delays in offloading vessels and releasing them to their next destination could create supply chain bottlenecks.
Cairn Energy sues Air India to enforce $1.2 bln arbitration award – court filing
Cairn filed the lawsuit on Friday in the U.S. District Court for the Southern District of New York, seeking to make Air India liable for the judgement that was awarded to Cairn. The lawsuit argued that the carrier as a state-owned company, is “legally indistinct from the state itself.”
The move ratchets up pressure on India’s government to pay the sum of $1.2 billion plus interest and costs that the British firm Cairn was awarded by an arbitration tribunal in December. The body ruled India breached an investment treaty with Britain and said New Delhi was liable to pay.
India’s Covid situation stabilising, positivity rate has dipped: Govt
Twenty-four states have a COVID-19 positivity rate of more than 15 per cent while Delhi, Chhattisgarh, Daman and Diu, Haryana and Madhya Pradesh have reported a major drop in case positivity, it said.
Govt working in war-footing mode to fight second wave of COVID-19: PM Modi
Expressing concern over COVID-19 is reaching villages, the Prime Minister asked people to follow all the protocols such as wearing masks and taking tests in case of having symptoms.
Cyclone Tauktae: NDRF teams deployed in five states
According to the India Meteorological Department (IMD), a low-pressure area is forming over the Arabian Sea and that it may gradually turn into a cyclone over the east-central Arabian Sea by May 16. The cyclone is likely to impact areas including the coast of Kerala, Karnataka, Lakshadweep, Goa and Maharashtra.
MoF wants staffs of banks and insurance companies to be vaccinated on priority
`In the light of the recent government’s decision to open up vaccination to all persons above the age of 18 years from 1st May 2021.,I would request you to kindly consider putting in place a special dispensation in your State/UT, to enable the employees/ staff of banks and insurance companies to avail of vaccination easily and on priority basis.This will go a long way in assuring them about their safety/life and will also boost their morale in continuing to provide their best services to customers.” said Madnesh Mishra, joint secretary, MoF