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Indian News

FPIs pull out Rs 9,015 cr in July so far, remain net sellers in Indian mkts

Himanshu Srivastava, associate director – manager research, Morningstar India said “The surge in markets has been providing profit booking opportunities to them. In addition to that, many states have also been implementing fresh lockdown measure to curb rising coronavirus cases, thus fanning concerns that growth in the domestic economy could be pushed further ahead.”

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Ensure ban on petcoke,furnace oil; use cleaner fuels,NGT directs CPCB

The tribunal was hearing pleas filed by Sumit Kumar and Amarjeet Kumar seeking a ban on the use of all forms of petcoke, as it emits fine particulate matter (PM) which is harmful to human health.

According to the plea, the objection to the use of petcoke and furnace oil, which has already been banned in certain states, is causing of huge emission of sulphur dioxide and other pollutants.

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HC asks govt about compensation for kin of deceased frontline staff

The petitioner had sought direction to the state government to declare frontline workers, including doctors, police personnel and others, who died after contracting the deadly infection on duty, as martyrs and to give their families compensation.

In its response to the petition last week,the state government had said insurance cover is being provided to all healthcare workers in private and government-run hospitals under the Pradhan Mantri Garib Kalyan Package – Insurance Scheme for Health Workers.

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Floods in India, Nepal displace nearly 4 million people, at least 189 dead

The overflowing Brahmaputra River, which flows through China’s Tibet, India and Bangladesh, has damaged crops and triggered mudslides, displacing millions of people, officials said.

More than 2.75 million people in Assam have been displaced by three waves of floods since late May that has claimed 79 lives after two more deaths were reported overnight, a state government official said.

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Heavy monsoon rains speed up crop planting in India

Planting of rice, the key summer crop, was at 16.8 million hectares as of July 17 versus 14.2 million hectares in the previous year, the ministry said.The area planted with cotton was at 11.3 million hectares versus 9.6 million hectares the prior year.Planting of overall oilseeds, including soybean – the main summer oilseed crop – was at 15.5 million hectares, up from 11 million hectares from the previous year.Soybean sowing in India, the world’s biggest buyer of cooking oils, looks likely to jump by at least 15% in 2020.Sugarcane sowing in the world’s biggest sugar producer reached 5.1 million hectares compared with 5 million hectares last year.

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Mumbai’s Covid-19 recovery rate better than national average: Data

According to the data released by Maharashtra Medical Education and Drugs Department (MEDD) on Friday, the number of active cases in Mumbai was 24,307, while 67,830 patients have recovered from the infection so far.

The Covid-19 recovery rate in Mumbai stood at 50 per cent around mid-June, when the Brihanmumbai Municipal Corporation (BMC) launched “Mission Zero” under the Rapid Action Plan to contain coronavirus transmission.

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Covid-19 community spread has started, cases in rural areas a bad sign:IMA

While speaking to ANI, Dr V K Monga, the Chairman of IMA Hospital Board of India, said: “This is now an exponential growth. Every day the number of cases is increasing by more than around 30,000. This is really a bad situation for the country. There are so many factors connected with it but overall this is now spreading to rural areas. This is a bad sign. It now shows a community spread.”

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