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Home | NEWS Summary | Daily NEWS Summary: 09.07.2020

Daily NEWS Summary: 09.07.2020

Prime Minister touts “green shoots of growth”

Noting that the Indian economy is recovering, Prime Minister Narendra Modi said today that global investors should consider investing in “the most open economies of the world”. Indians have a spirit of achieving what is believed to be impossible. No wonder in India that we are already seeing green shoots in terms of economic recovery” he told in the India Global Week 2020 conference, organized by a London-based NRI group, India Inc.

India remains one of the most open economies in the world. We are laying a red carpet for all global companies to establish their presence in India. Very few countries will offer the kind of opportunities that India offers today,

Narendra Modi
  • Listing India’s gains in total financial inclusion, record construction of housing and infrastructure, ease of doing business and tax reform, including the GST.
  • Modi’s reference to “green shoots”, or small signs of recovery, comes a few days after the publication by the Ministry of Finance of its macroeconomic report for June 2020, according to which activity had “recovered” in certain areas.

Attorney General Tushar Mehta told the Supreme Court on Thursday that migrant workers are returning to cities to claim their old jobs because “the closure is over”, “the economy is opening” and the situation is becoming “very healthy”.

  • The Supreme Court listened to Center and state compliance reports on the return of migrant workers to their states of origin, which had previously ordered the government to guarantee.
  • Mehta, appeared for the government of Maharashtra, expressed his opinion on what the government of called “reverse migration” of migrant workers who left their villages during the closure.
  • Chief Defender Ranjit Kumar, who appeared for the Bihar government, said that the trains from Patna were full. “Reverse migration is happening. Now workers are returning to their own jobs. The trains are full from Patna.

The number of coronavirus cases reported in India was 7,92,281, with a death toll of 21,606. According to an AFP count, more than 12 million coronavirus infections have been reported worldwide. Despite the fact that India registered more than 25,000 cases in a day for the first time on Wednesday, the Ministry of Health continues to try to reverse the situation.

“India has one of the lowest cases per million (538) and deaths per million (15) compared to the world average of 1,453 and 68.7, respectively,”

said the Health Minister
  • Harsh Vardhan, after having chaired the 18th meeting of the Group of Ministers (GoM) on coronaviruses (Covid-19) was quickly followed by a now standard denial that India had a community transmission of the disease.
  • There are epidemics in some localized areas, and only 49 districts account for 80% of , said the Minister of Health.
  • The Indian Council for Medical Research (ICMR) will begin a new survey to estimate the true prevalence of coronavirus infections, senior officials from the Ministry of Health said on Thursday.
  • The organization has yet to release details of its previous survey in 60 districts, which revealed that 0.73% of the population may have been exposed to the virus.
  • The investigation, which began on May 12, appeared to suggest that at least seven lakh people were exposed to the virus in 21 states, even in early May.
  • This number suggests that the true extent of infections was 20 times that of the 35,000 confirmed cases of Covid-19 reported across the country.
  • The World Health Organization, which has been the subject of fierce criticism from the United States for its management of the Covid-19 pandemic, launched an independent panel on Thursday to examine its response to the pandemic.
  • The panel will also examine the government’s responses. The independent pandemic preparedness and response group will be chaired by former New Zealand Prime Minister Helen Clark and former Liberian President Ellen Johnson Sirleaf.

“Thanks to you, the world will understand the truth of what happened and the solutions to build our better future as one humanity,”

said WHO Director-General Tedros Adhanom Ghebreyesus, at UN agency headquarters in Geneva.

“In most countries, the virus is not under control. It is getting worse … more 544,000 lianas have been lost. The pandemic is still accelerating. The total number of cases has doubled in the last six weeks.”

WHO Director

“The greatest threat we face now is not the virus itself. Rather, it’s the lack of leadership and solidarity at the global and national level. We cannot defeat this pandemic as a divided world. The virus thrives on division but is thwarted when we unite.”

The WHO chief further said,
  • After weeks of incessantly criticising the WHO’s response to the pandemic, the U.S. had on Tuesday given a formal one-year notice of its intent to withdraw from the WHO. The U.S is the WHO’s biggest donor, accounting for $400-500 million of the body’s funds annually.
  • Cable TV operators in Nepal have switched off all Indian news channels except DD News, according to ANI. While no official government order to this effect has been reported, the development comes amid internal political turmoil in the country and strained relations with India.
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