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09 Aug

Rupee snaps 5-day winning streak, drops 11 paise against US dollar

editor0 CommentsBusiness, Indiaeconomy, India

Halting its five-session winning run, the rupee on Monday declined by 11 paise to close at 74.26 (provisional) against the US dollar, tracking the firm American currency. At the interbank foreign exchange market, the domestic currency opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close. On Friday, the rupee had settled at 74.15 against the US dollar. During the session, the local unit touched an intra-day high of 74.21 and a low of 74.29 against the US currency. The dollar index, which gauges the greenback’s…

09 Aug

SC notice on plea seeking transparency in vaccine clinical data

editor0 CommentsCovid19, Health, IndiaSUPREME COURT

The Supreme Court on Monday issued notice on a plea seeking transparency in clinical trial data for the vaccines being administered in India under emergency use authorization and also a stay on the vaccine mandates, which is being issued by authorities in various parts of the country. Advocate Prashant Bhushan, representing petitioner Jacob Puliyel, vehemently argued that there is evidence in the medical literature that, vaccines that have not been adequately tested for safety or efficacy are now licensed under emergency use authorization without the data being disclosed to the public. Bhushan emphasized coercive mandates for use of these inadequately…

08 Aug

Threat to human rights highest in police stations: CJI N V Ramana on custodial torture

editor0 CommentsIndiahuman rights

Chief Justice N.V. Ramana on Sunday said the threat to human rights and bodily integrity are the highest in police stations and even the privileged are not spared the third-degree treatment. Justice Ramana was delivering the keynote address at an event organised by the National Legal Services Authority of India (NALSA) to launch the "vision and mission statement" and the mobile app for NALSA. "To keep police excesses in check dissemination of information about the constitutional right to legal aid and availability of free legal aid services is necessary. The installation of display boards and outdoor hoardings in every police…

08 Aug

The Union government is likely to launch a digitized platform for migrant workers

editor0 CommentsIndiaMigrant workers

Workers in the informal economy are estimated to contribute nearly 50% to the country’s gross domestic product or GDP, a measure of incomes and output.The Union government is likely to launch by next week a digitized platform for migrant workers that will enable authorities to direct state-run benefits to them and intervene during crises.The platform will allow migrants to register themselves. Registered workers will get a unique ID. The CSCs are points of access to a host of government digital services across the country. According to the first official cited above, the portal is similar to a platform launched last…

08 Aug

Kerala Plane Crash Survivors offered a Final Compensation by Air India Express

editor0 CommentsAccident, IndiaAir India Express

The Air India Express flight from Dubai with 190 people on board, including a six-member crew, overshot the tabletop runway during landing at the Kozhikode Kerala airport amid heavy rains on August 7, 2020. all 165 passengers, who were injured and to the family of 19 flyers who died in the plane crash, in Kerala's Kozhikode district last year has been offered a compensation by Air India Express.Allegedly 80 out of the 165 injured flyers have taken up the offers given by the airline however the remaining 85 injured flyers and the family of the 19 passengers who died hasn’t…

07 Aug

India sees single-day rise of 38,628 Covid-19 cases, 617 deaths

editor0 CommentsCovid19, Health, IndiaCovid 19, COVID VACCINE

India recorded a single-day rise of 38,628 new coronavirus cases, taking the infection tally to 3,18,95,385, while the death toll climbed to 4,27,371 with 617 fresh fatalities, the Union health ministry said on Saturday. The active cases in the country have declined to 4,12,153 and comprise 1.29 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 97.37 per cent, the ministry data updated at 8 am showed.A decrease of 2,006 cases has been recorded in the active COVID-19 caseload in a span of 24 hours, it said. The ministry also said that 17,50,081 tests…

07 Aug

No change in fuel prices in almost 3 weeks

editor0 CommentsBusiness, IndiaFuel

Oil marketing companies (OMC) continue to pause fuel price revision for the 20th consecutive day on Friday as a wait and watch policy continues amid fluctuating global crude prices. Global crude prices have swung in all directions in July starting with a low of $70 a barrel to quickly breaching to $77 a barrel, and then fall below $70 a barrel to crossing $75 a barrel later in the month. The oil prices have softened again to just over $70 a barrel on concerns of growing Covid cases, slowing industrial recovery globally and rising US oil inventory. With no price…

07 Aug

PNB MD & CEO CH SS Mallikarjuna Rao’s view on RBI’s Monetary Policy

editor0 CommentsBusiness, IndiaIndia, RBI

The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19. The decision of keeping the repo rate unchanged along with maintenance of accommodative stance is on expected lines as low interest rates are critical to economic revival. Additional liquidity measures through extension of deadline of On tap TLTRO scheme till December 31, 2020 will have positive implications for stressed sectors like retail, MSME and real estate. Amendment of guidelines related to export credit in foreign currency and restructuring of Derivative contracts is a much needed move…

07 Aug

J&J’s single-dose Covid vaccine gets Emergency Use approval in India

editor0 CommentsCovid19, Health, IndiaCovid 19, COVID VACCINE

Johnson & Johnson’s single-dose Covid-19 vaccine has been given Emergency Use approval in India, Union Health minister Mansukh Mandaviya said on Saturday. He said this will further boost the country’s collective fight against the novel coronavirus infection. “India expands its vaccine basket! Johnson and Johnson’s single-dose COVID-19 vaccine is given approval for Emergency Use in India. Now India has five EUA vaccines. This will further boost our nation’s collective fight against #COVID19,” the minister tweeted. “The US-based pharmaceutical company had applied for Emergency Use Authorisation for its jab on Friday and was granted the approval the same day by the…

07 Aug

‘CBI Has Done Nothing, We Expected Some Change In Its Attitude’ : Supreme Court Pulls Up CBI For Not Responding To Judges’ Complaints Of Harassment

editor0 CommentsIndiaSUPREME COURT

The Supreme Court on Friday said Central agencies such as the Central Bureau of Investigation and the Intelligence Bureau and State police forces chose to ignore complaints from judges about abusive messages and threats even as attacks on the judiciary were on the rise. The court suggested the formation of a special force to protect judges, especially trial judges who decide criminal cases involving high-profile accused. A bench of Chief Justice N V Ramana and Justice Surya Kant said, “In criminal cases involving gangsters and high profile persons, when the accused do not get expected orders from the courts, they…