Covid-19: India crisis reveals complacency and lack of foresight, Raghuram Rajan Says
Tuesday, 4 May 2021 () “Anybody paying attention to what was happening in the rest of the world, in Brazil for example, should have recognized the virus does come back and potentially in more virulent forms,” former RBI governor Raghuram Rajan said.
People throng markets near Hyderabad's Charminar area ahead of Eid tomorrow, flouting the social distancing norms. A 10-day lockdown is in place in Telangana to contain the spread of COVID19 cases.
#Eid2021 #Hyderabad #Charminar
The Maharashtra government today extended the lockdown-like restrictions in the state till June 1st to break the chain of COVID-19. The measures will be in place till 7 am on June 1. Maharashtra is among the states that account for 82.51 per cent of the total active cases, according to the Health Ministry.
#MaharashtraLockdown #Covid19 #CovidLockdown
The Maharashtra government today extended the lockdown-like restrictions in the state to control the coronavirus outbreak till June 1. The gap between two doses of the Covishield vaccine can be increased to 12-16 weeks, a government panel recommended. A meeting of the ICMR COVID19 National Task Force will be held tomorrow and a decision on the inappropriate use of convalescent plasma will be taken. All this and more news at 2 PM.
#Israel #Covishield #MaharashtraLockdown
Mosquito-control authorities and a biotech firm are testing genetically engineered mosquitos in the Florida Keys to combat the spread of illnesses such as dengue and yellow fever. This report produced by Zachary Goelman.
Key equity indices traded in the green on Wednesday as RBI Governor Shaktikanta Das launched the second round of loan restructuring and other relief measures to counter the impact of Covid-19's second wave across the country. At the closing bell, the BSE SandP Sensex was up by 424 points or 0.88 per cent at 48,678 while the Nifty 50 advanced by 121 points or 0.84 per cent to 14,618. Except for Nifty realty which cracked by 1 per cent, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty pharma gaining by 4.1 per cent, private bank by 1.5 per cent, IT by 1.2 per cent and metal by 1 per cent. Among stocks, Sun Pharma was up by 5.8 per cent to Rs 683 per share while Dr Reddy's moved higher by 2 per cent to Rs 5,169.
Noting that India is fighting a ferocious rise in Coronavirus cases and that India needs to ramp up its resources, the RBI Governor made several stimulus announcements on Wednesday; The Supreme Court today cancelled the reservation in government jobs and educational institutions for the Maratha community brought in by Maharashtra in 2018; Mamata Banerjee was sworn in today as Bengal Chief Minister for the third straight term, and said Covid and then law and order would be her priorities. This and more news at 2 PM.
#RBI #Mamata #Maratha
Reserve Bank of India on May 05 announced liquidity of Rs 50,000 crore for ramping up COVID-19 related healthcare infrastructure and services till March 2022. During a press conference, RBI Governor Shaktikanta Das said, "Reserve Bank of India will continue to monitor the emerging COVID19 situation and will deploy all resources and instruments at its command especially for the citizens, business entities, and institutions beleaguered by the second wave."
RBI Governor Shaktikanta Das during a press conference informed that the Inflation trajectory over rest of the year will be shaped by COVID-19 infections and impact of localised containment measures on supply chains and logistics. Shaktikanta Das further said, "But even at this time, in run-up to next MPC (Monetary Policy Committee) when our teams are analysing various incoming data, we don't expect any broad deviation from projections made in our April MPC but you'll have to wait for MPC statement due in June 1st week."