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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.
Small town reporters reveal Covid-19 carnage in India
Meanwhile, in Prime Minister Narendra Modi’s home state of Gujarat, the Divya Bhaskar newspaper found that 123,000 death certificates were issued between March 1 and May 10 – about 65,000 more than the same period last year though the state reported 4,218 Covid-19 deaths.
The Gujarat Samachar reported that an average of 200 bodies are being cremated daily using 72 tonnes of wood in Vadodara, compared with an average 60 corpses using 21.6 tonnes of wood before the pandemic.
Covid-19 crisis pushes up the Indian cost of living – and dying
India’s second wave of the coronavirus has not only created shortages of oxygen, medicines and hospital beds, but also of wood for funeral pyres, hearses and crematorium slots, forcing people like Khondare to pay exorbitant amounts to perform the last rites of loved ones.
NY to set workplace safety standards for Airborne Diseases
Employers in New York will have to come up with safety plans that comply with the yet-to-be written state standards and provide them to workers. Employers who don’t comply could face fines.
Workers could also sue for up to $20,000 from employers who don’t follow safety standards or retaliate against workers for reporting non-compliance.
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.
Crypto crime down in 2021 through April, but ‘DeFi’ fraud at record -CipherTrace
Globally, crypto criminals ran away with $432 million as of end-April, according to the CipherTrace report. About 56% of that, or $240 million were DeFi-related, a record peak.
For the whole of 2020, losses in the crypto sector through fraud and crime were $1.9 billion. In 2019, crypto crime losses hit a record $4.5 billion.
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.
UK to speed up vaccinations, warns Indian variant may delay full reopening
Britain put India on a travel “red list” in April, meaning all arrivals from India – now suffering the world’s worst wave of COVID-19 – would have to pay to quarantine in a government-approved hotel for 10 days.
Media reports at the time suggested that, because the quarantine requirement was announced four days in advance, many people had sought to fly beforehand. Britain has a large South Asian community.
India’s Dr. Reddy’s to get 36 mln doses of Sputnik V vaccine in next few months
Sputnik V is a two-dose shot which has been found to be 91.6% effective in preventing people from developing COVID-19, a higher efficacy rate than the two vaccines currently approved in India.
The vaccine will be priced at 995 rupees ($13.58) per dose.
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.