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26 Jul

By 2025, Covid will have cost world between $16 tn and $35 tn

editor0 CommentsBusiness, Covid19, India, WorldCovid 19, Lockdown

By 2025, Covid-19 will have cost the world between $16 trillion and $35 trillion, as per McKinsey. The world is unlikely to ever reach global herd immunity, but it can contain the virus with a combination of vaccines, improved testing, and smarter quarantining, based on known outbreaks, rather than large, blunt lockdowns, McKinsey said in a report. Obstacles to worldwide vaccination remain huge: while 49.6 per cent of inhabitants of high-income countries had received at least one dose of the vaccine as of July 14, only 1 per cent of those in low-income countries had. In the next two decades,…

26 Jul

No plan to print currency notes to tide over crisis: FM

editor0 CommentsBusiness, Indiafinance minister, Nirmala Sitharaman

The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the Finance Minister said, “No Sir”. Many economists and experts have suggested the government to resort to printing more currency notes to support the economy ravaged by the spread of COVID-19, and protect jobs. India’s real Gross Domestic Product (GDP) is estimated to have contracted by 7.3 per cent during 2020-21, Sitharaman…

26 Jul

Rs 1,060 cr spend on Chennai-Bengaluru Industrial Corridor project

editor0 CommentsBusiness, IndiaBengaluru 'most liveable city', chennai

A total of Rs1,060.02 crore has been spent during the last three fiscal years for the Chennai-Bengaluru Industrial Corridor project, the government told the Rajya Sabha. Answering a question raised by MDMK General Secretary Vaiko, the Minister of State for Commerce and Industry Som Parkash said the Cabinet Committee on Economic Affairs (CCEA) on 30th December, 2020, approved the project cost of Krishnapatnam node (Andhra Pradesh) and Tumakuru node (Karnataka) as Rs 2,139.44 crore and Rs 1,701.81 crore respectively. The timelines for the construction of trunk infrastructure in these two nodes is 36-48 months, the government said.

26 Jul

No revision in petrol, diesel prices

editor0 CommentsBusiness, IndiaBusiness, Fuel

Oil marketing companies (OMC) continued to pause fuel price revision for the ninth consecutive day on Monday, the longest period in weeks, as global development on oil production and rising US inventories has softened crude and product prices. However, they stopped short of reducing the retail price of petrol and diesel as more time will be required to study oil price movement before any downward revision. Already, crude has firmed a bit for last few days and this could prevent price cut by OMCs. With no change in prices on Monday, petrol continues to be sold in the national capital…

26 Jul

West Bengal: Health worker was arrested for organizing fake COVID-19 vaccination camp.

editor0 CommentsCrimeWest Bengal

Staff Reporter: A health worker from West Bengal's South 24 Parganas district was arrested on Saturday on suspicions of running illegal Covid-19 vaccination camps in the state, according to a police officer. The arrest came a month after a person was arrested for allegedly faking an IAS officer and organising a vaccination camp in Kolkata's Kasba area, where actor and Trinamool Congress MP Mimi Chakraborty also had her vaccination. Ms Chakraborty, who was invited to the camp, said she became suspicious about the vaccination process after not getting the standard SMS issued to everyone after they are given a shot,…

26 Jul

Relatives of Kargil martyrs go down memory lane as bravery of war heroes showcases in Dras

editor0 Commentsbreaking news, India, West Bengalkargil

With one day to go for the Kargil Vijay Diwas, a special event narrating the stories of Operation VIJAY that was fought to flush out the Pakistani troops from the Indian positions along the Line of Control (LOC) was organized by the Army on Sunday at Lamochen near Dras where an account of the epic battles on Tololing, Tiger Hill, Pt 4875 and other prominent features was narrated with these very landmarks visible to the audience in front of their eyes. Lt General MV Suchindra, GOC White Knight Corps, along with Kargil War Heroes Subedar Sanjay Kumar, Param Vir Chakra…

26 Jul

Malda: The Ganga river bank has been eroded, 50 houses to be damaged

editor0 CommentsAccidentWest Bengal

Due to the extreme erosion of a left bank in Baishnabnagar in Malda district, the Ganga had gobbled up almost 50 homes in a 12-hour period since Saturday night. Since Sunday morning, hundreds of villagers have begun to move to safer areas as the river continues to swallow large sections of land every hour. The Farakka Barrage Project (FBP) Authority has begun anti-erosion work in Baishnabnagar, which is part of the Kaliachak 3 block, following multiple warnings from the state irrigation department. On Saturday night, the Ganga began eroding land in the Bhimagram-Hatkhola area of Baishnabnagar, according to sources. “When…

26 Jul

5 ministers from Northeast India shows where it stands in BJP and PM Modi’s priorities: Amit Shah in Assam

editor0 CommentsNorth EastAmit Shah, BJP, North East India

Union Home Minister Amit Shah, who is currently on a two-day trip to Northeast India, on Sunday said the Bharatiya Janta Party (BJP) is strengthening its base in the region. Speaking in Assam, he said the formation of BJP government in the state for the second time means it has permanently rejected terrorism and riots to move towards development. "For 5 years, the way the duo of Sarbananda Sonowal and Himanta Biswa Sarma has run the government, people of Assam have preferred the path of development, which is why Sarma is the new CM. I congratulate the Assam team for…

26 Jul

US vows continued air support for Afghan forces fighting Taliban

editor0 CommentsInternational, WorldInternational, world

The United States will continue air strikes in support of Afghan forces fighting the Taliban, a top US general said Sunday, as the insurgents press on with offensives across the country. "The United States has increased air strikes in the support of Afghan forces over the last several days, and we are prepared to continue this heightened level of support in the coming weeks if the Taliban continue their attacks," General Kenneth McKenzie, head of the US Army Central Command, told reporters in Kabul. Violence has surged across the country in recent months after the Taliban launched a sweeping assault…

26 Jul

Tokyo Olympics 2020: Sharath Kamal Progresses, Bhavani Devi Knocked Out

editor0 CommentsSportsTokyo Olympics

After a poor outing on Day 2, India hopes for a better performance from their athletes on the third day of the Olympics. It was a bright start to Day 3 as India’s first Olympic fencer Bhavani Devi delivered a win on debut but lost her Round of 32 match to get knocked out. Indian men’s archery team comprising Atanu Das, Pravin Jadhav, and Tarundeep Rai lost to Korea in quarterfinals. Sharath Kamal won his second round match against Portugal but it was the end of the road for fellow paddler Sutirtha Mukherjee. In badminton, Satwiksairaj Rankireddy and Chirag Shetty…