India’s GDP to grow 11% in FY2022, helped by V-shaped recovery: economic survey
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; India’s economic growth is expected to rebound to 11% growth in the next fiscal year as it recovers in a “V-shape” after suffering bloodshed from a pandemic, according to the preliminary economic survey, released on Friday .
- However, it should be noted that GDP is expected to contract a record 7.7% at the current fiscal close of March 31, 2021. This means that the 11% growth projection is much lower. India’s last annual contraction was in 1979-80, when GDP contracted by 5.2%.
- The 2020-21 economic survey said the agriculture sector was the only silver lining, while services, manufacturing and construction were hit hardest by the shutdown.
- After an estimated 7.7% contraction due to the pandemic in 2020-21, India’s real GDP is expected to grow by 11.0% in 2021-22 and nominal GDP by 15.4%. These estimates cautions reflect upside potential that may arise due to the continued normalization of economic activities as the launch of Covid-19 vaccines gains ground, the survey said.
- Growth will be supported by a boost in the supply of reforms and more flexible regulations, a boost to investment in infrastructure, a boost to the manufacturing sector through incentives linked to productivity, a recovery in suppressed demand of services and an increase in discretionary post-deployment vaccine consumption, Economic Survey said.
- The survey, presented to Parliament by Finance Minister Nirmala Sitharaman, said a fiscal slippage is likely during the year based on available trends from April to November 2020. India is expected to experience a surplus of the current account for the current financial year after 17 years gap, according to the report.
Budget 2021: No change to the computer panels, a new cess introduced
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Finance Minister Nirmala Sitharaman loosened the threads of the Treasury and presented an expansive budget for 2021-2022 on Monday, increasing spending on infrastructure and health, even as she sought to reduce the budget deficit by around 9 . 5% of GDP this year without conspicuously increase in the tax burden.
- While there was little direct support for the sectors or sections most affected by the pandemic, the government is betting on real GDP growth of 10% to 10.5% next year, taking advantage of the multiplier effect infrastructure spending that it also expects. stimulate demand and job creation.
- Citing Rabindranath Tagore’s aphorism, “Faith is the bird that smells of light and sings when dawn is still dark,” Sitharaman compared the budget to Team India’s successful return to test series against Australia and said it offers all the opportunities for “our economy to grow and capture the pace it needs for sustainable growth.”
- She announced important reform signals for global investors, such as improvement the ceiling on FDI in the insurance sector from 49% to 74%, and a new ambitious strategic divestment policy that will begin with the sale of two public sector banks and a general insurance company in 2021-2022.
- The budget proposes the creation of a new development financial institution to finance infrastructure projects under the national infrastructure channel and the creation of an asset reconstruction company to take over bad debts from banks in the public sector to cope with the growth of NPAs.
- However, only Rs 20 billion has been allocated to bank recapitalization, which is lower than expected given the increasing pressure on banks’ books after the pandemic.
- In addition to Rs 35 billion for the Covid-19 vaccination program, Sitharaman said more funds would be provided if the need arose. The overall budget expenditure for “Health and Welfare” was “Rs 2.23 lakh crore, which is a 137% increase from 2020-2021”.
- By proposing a capex of 5.54 crore for the year, which is 34.5% more than in 2020-21, the Minister of Finance has targeted a budget deficit of 6.8% of GDP, with market loans gross of around ₹ 12 crore.
- Analysts said this fiscal arithmetic was perhaps the most credible in recent years, but meeting divestment and non-tax revenue targets will be key to meeting the target of 6.8% of GDP.
Some of the highlights of the budget
- No changes in personal income tax; new agricultural infrastructure on certain properties.
- Road and highway works announced in Kerala, Tamil Nadu, West Bengal and Assam (all four states go to the polls this year).
- Vehicle scrapping policy to phase out old and unsuitable vehicles: all vehicles must undergo a proficiency test in automated gyms every 20 years (personal vehicles), every 15 years (commercial vehicles).
- A new program, titled PM Atma Nirbhar Swasthya Bharat Yojana, to be launched to develop primary, secondary and tertiary health care.
- No computer statement for people over 75 who receive a pension and earn interest on deposits.
- The budget deficit amounts to 9.5% of GDP; estimated at 6.8% in 2021-2022.
- A unified code of the securities market will be created that consolidates the provisions of the Sebi law, the depositary law and two other laws.
- An initial public offering of LIC to begin this exercise.
- Divestment target of Rs 1.75 million lakh; completion of the strategic sale of BPCL, IDBI Bank, Air India.
- Margin capital required for loans through the Stand-up India program reduced from 25% to 15% for SC, ST and women.
- A gas pipeline project will be established in Jammu and Kashmir.
- Pradhan Mantri Ujjwala Yojana (LPG program) will be expanded to cover 1 crore of additional beneficiaries.
The government will respect the SC order to suspend the deployment of agricultural laws, said the president; condemns the violence of the feast of the Republic
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; The Union government respects the Supreme Court and will abide by its decision to suspend the implementation of the three agricultural laws, President Ram Nath Kovind said in a joint session of parliament on Friday, even as he strongly defended the new laws, stating that 10 Crore small farmers benefited from them. Referring to the violence during the tractor parade and the chaos after groups of peasants stormed the Red Fort on January 26, the president said it was “regrettable” that the national flag had not been respected on the occasion of the festival of the Republic.
Country very saddened by the dishonor of the flag on D-day: PM Modi
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Breaking his silence on the vandalism perpetrated at the Red Fort on Republic Day by a group of farmers, Prime Minister Narendra Modi said on Sunday: “The country was saddened to see the national flag insulted.”
- On his first radio show, Man Ki Baat, from 2021, Modi also said that his government was “committed to modernizing agriculture and that government efforts will continue in this direction in the future as well.”
- The Prime Minister also spoke about the country’s fight against COVID-19 and how the Made in India vaccine not only made India self-sufficient (Atma Nirbhar) but also became a moment of pride (Atma Gaurav).
- In recounting the events of January this year, including India’s remarkable return to Australia’s four-game test series, Modi mentioned violence on Republic Day.
- Also, referring to the ongoing vaccination exercise in India, Mr Modi said that it is not only the largest vaccination campaign in the world, but also the fastest.
- While India vaccinated more than 30 lakhs of frontline crown warriors in 15 days, he said, the United States took 18 days and the United Kingdom took 36 days to achieve this figure.
- The Prime Minister stressed that India’s decision to send vaccines to various countries has sparked global recognition and demonstrated its capabilities and autonomy in the field of medicines.
Farmers’ protest: US calls for dialogue and recognizes right to protest
Weekly NEWS Summary | 29 Jan – 04 Feb 2021;l Following the expressions of support on social media for the farmers’ protest by several well-known personalities and celebrities, including pop icon Rihanna, climate activist Greta Thunberg and others, the US government has also spoken out, encouraging dialogue and supporting the right to peaceful protest.
- The American reactions were recorded in a statement issued by its embassy in New Delhi and in a statement from the State Department delivered thursday to a reporter for the Wall Street Journal.
- Washington also praised measures that would improve the efficiency of Indian markets.
- Access to information was essential to democracy, the United States said, in response to the temporary shutdown of mobile internet services in several districts last week and earlier this week by the Haryana government, to reasons of public order.
- The Foreign Office (MEA) responded by saying it had “taken note” of the US statement. “It is important to read these comments in their entirety.
- The United States has recognized the steps taken by India in agricultural reform. India and the United States are vibrant democracies, ”ministry spokesman Anurag Srivastava said.
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; India said on Wednesday that Western celebrity comments supporting the farmers’ protest “were neither accurate nor responsible.”
- Delhi Police Cybercell has registered an FIR to investigate an “international plot” to smear the country, a senior police officer said on Thursday.
- He said he filed an FIR on it after 18-year-old climate activist Greta Thunberg shared a “toolbox” on Twitter, which she later deleted.
- Thunberg’s name is mentioned in the FIR, but apparently not as a defendant. More clarity on this issue is expected from Delhi Police.
Twitter blocks multiple accounts that post messages in support of farmer outcry and unblocks them after the fury
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; The microblogging site Twitter, citing “legal claims” on Monday, blocked several accounts, including that of The Caravan news magazine, actor Sushant Singh, and political activists and bloggers who posted messages in support of the peasant agitation in progress.
- An aberration was the account of Shashi Shekhar, CEO of Prasar Bharati, India’s public service broadcaster, who was also blocked. The blocking of The Caravan’s official ID marked the first time in India that a media account had been blocked.
- The accounts were closed after the Ministry of Electronics and Information Technology (MeITY), at the request of the Home Office, asked Twitter to act against 250 tweets / Twitter identifiers.
- A MeITY statement said it ordered Twitter to block around 250 tweets / Twitter accounts which the government claimed used the hashtag #ModiPlanningFarmerGenocide and “tweeted false, intimidating and provocative on Saturday January 30”.
- Most of the blocked accounts had been unblocked at the time of publication of this newsletter.
Government notice to Twitter for refusing to comply with account blocking order
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; The Union government sent a notice to Twitter to comply with its order to remove content related to the “farmer genocide”.
- Center alleged the material was designed to disseminate disinformation in order to stir up passion and hatred and warned that refusal to do so could result in criminal prosecution.
- On Tuesday evening, Twitter restored more than 250 accounts, hours after blocking them due to a “lawsuit”.
- The platform, in a meeting with government officials, challenged the order, arguing that these accounts did not violate Twitter policy and refused to comply with the government order.
- A source from the Department of Electronics and Computing (MeitY), which sent the notice to the US-based company, said that Twitter was an intermediary and was obliged to follow the instructions of the government and that the refusal to do so could give lead to criminal proceedings.
Police prevent journalists from accessing Singhu border protest site
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Delhi police on the Singhu border on Tuesday blocked the entry of journalists and others wishing to visit protesting farmers.
- Previously, those who wanted to visit the protest site and main stage could walk through barricades that prevented farmers from entering the country’s capital and interacting with protesters.
- But now even smaller lanes and other access routes to the protest site have been cut. On Friday, a group of “locals” backed by the BJP clashed with farmers and tried to damage their tents and other public services.
- The Delhi police used tear gas and lathi charges before peace was restored. Meanwhile, congressional leaders took to Twitter on Tuesday to attack the Narendra Modi government over arrangements to prevent protesting farmers from entering the city.
Parliamentarians have stopped meeting with farmers
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Former Union Minister and Shiromani Akali Dal MP, Harsimrat Kaur Badal, arrived at the Ghazipur border on thursday to meet with farmers protesting against agricultural laws.
- She was accompanied by more than a dozen deputies from different parties. However, due to the heavy barricades on the border, they were unable to meet with the farmers.
- Badal told reporters that the Lok Sabha president did not allow a discussion on the farmers’ protest.
- The purpose of the visit, Badal said, was to inform the president about the situation at the protest site.
- “We are here to be able to discuss this issue [the farmers’ protests] in Parliament,” she said.
- Badal was accompanied by NCP MP Supriya Sule, DMK MP K. Kanimozhi and TMC MP Sougata Roy, among others. He had resigned from the Union Cabinet in September against the government’s decision to apply the three agricultural laws.
FIR against journalist Siddharth Varadrajan for tweeting about the death of a farmer
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Rampur Police file FIR against Siddharth Varadarajan, the founding editor-in-chief of The Wire, for posting a ‘provocative’ tweet about the death of a Rampur farmer at the Delhi Tractor Rally on Republic Day.
- Registered under articles 153 B (accusations, claims harmful to national integration) and 505 (2) (incitement to violence of any class or community), the FIR said that Varadarajan tweeted about a story on The Wire in which the late farmer’s grandfather Navreet Singh is quoted as alleging that one of the doctors on the autopsy panel told him, on condition of anonymity, that his grandson was dead from a gunshot wound but his hands were tied.
- The FIR said the report was deliberately presented in a way that created a false impression about the farmer’s death and generated tensions in the region.
- He added that the autopsy report had been delivered sealed to the chief superintendent of police and the investigator.
- He alleged that through the tweet an attempt was made to defame the image of the doctors, provoke the general public and alter the public order situation, which constitutes a serious offense under article 505 of the CPI.
Dr. Reddy’s eyes, Sputnik V vaccine launched in March under emergency use authorization
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Dr. Reddy’s labs, which are conducting phase 3 trials of the Russian Covid-19 Sputnik V vaccine, believe the jab should be launched in India through an emergency use authorization (USA), said a senior official.
- Last September, Dr. Reddy partnered with the Russian Direct Investment Fund (RDIF) to conduct clinical trials for the Sputnik V vaccine and for its distribution rights in India. Sputnik V, developed by the Gamaleya National Institute of Epidemiology and Microbiology, has been registered by the Russian Ministry of Health and has become the world’s first registered vaccine against Covid-19 based on the established human adenoviral vector platform.
Russian Sputnik V vaccine 91.6% effective, Lancet study finds
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Russia’s Sputnik V vaccine is 91.6% effective against symptomatic Covid-19, according to results published in The Lancet on Tuesday which independent experts said have assuaged transparency concerns about the jab, which Moscow is already implementing .
- Sputnik V, named after the Soviet-era satellite, was approved in Russia months before the results of its end-stage clinical trials were released, sparking skepticism among experts.
- But new analysis of data from 20,000 participants in Phase 3 trials suggests the two-dose vaccine is over 90% effective against symptomatic Covid-19.
WHO team investigating origins of COVID-19 visits Wuhan
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; A team from the World Health Organization investigating the origins of the coronavirus pandemic visited the food market in the Chinese city of Wuhan on Sunday, which was linked to many early infections.
- Team members visited the Huanan Seafood Market for about an hour in the afternoon, which was the site of a virus outbreak in December 2019.
- Scientists initially suspected that the virus came from wild animals sold in the market. Since then, the market has been greatly reduced, but that could provide clues as to how the virus has spread so widely.
- Earlier today, members of the team were also seen walking through sections of Baishazhou Market, one of Wuhan’s largest wet markets, surrounded by a large entourage of Chinese officials and representatives.
- The market was Wuhan’s food distribution center during the city’s 76-day shutdown last year.
- The mission has become politically charged as China seeks to avoid blame for alleged mistakes in its early response to the outbreak.
- It is unlikely that a single visit from scientists will confirm the origin of the virus.
- Determining the animal reservoir of an epidemic is often a comprehensive endeavor that requires years of research, including animal sampling, genetic analysis, and epidemiological studies.
The AAP criticizes the bill which seeks to delimit the powers of the government of Delhi and LG, calls it “unconstitutional”
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; The Home Office (MHA) is ready to introduce a bill in the budget session of Parliament to amend a 1991 law relating to the powers and functions of the Delhi government and the Lieutenant Governor (LG). The bill received Union Cabinet approval on Wednesday.
- Delhi National Capital Territory Government (Amendment) Bill 2021 is among 20 bills proposed for tabling in this session of Parliament.
- The reason given for the displacement of the legislation is as follows: “The bill proposes to amend the 1991 Law on Government of the National Capital Territory of Delhi, in the context of the decision of 14 February 2019 by the Honorable Supreme Court (Division Chamber) in Civil Appeal No. 2357 of 2017 and other related matters.
- “With the changes proposed in the new law, the LG could act at its discretion on any matter that goes beyond the powers of the Delhi Assembly on matters related to All India Services (civil) and the CBA.
SC agrees to consider a guilty plea challenging Tamil Nadu’s 69% reservation
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; On Tuesday, the Supreme Court agreed to consider a petition calling for the immediate suspension of the implementation of a Tamil Nadu law that allows a 69% quota in educational institutions and government positions in the state.
- A three-judge panel led by Judge Ashok Bhushan issued an opinion and gave the Tamil Nadu government two weeks to present its response to a written request submitted by a student, CV Gayathri, through his father, S. Vaitheeswaran, challenging the constitutionality of the 1993 Law on Tamil backward classes, castes and tribes included (reservation of places in educational institutions and appointments or positions in state departments).
- The law is protected by the Ninth Annex of the Constitution against judicial review.
- Article 4 of the law establishes a reserve of 30% for the backward classes, 20% for the majority of the backward classes and unreported communities, 18% for the castes included in the list and 1% for the tribes included in the list.
- Thus, a total of 69% reserve is provided.
- The petition stated that the law was contrary to the principle articulated by a panel of nine Supreme Court judges in the Indira Sawhney case, which concluded that “the 50% reserve should be the rule; only in certain exceptional and extraordinary situations to integrate the population of remote and remote regions into the mainstream, can the 50% rule be relaxed ”.
CBSE Class 10, 12 exams starting May 4; the schedule has double shifts for the first time
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; CBSE Class 12 Board exams will be run for the first time in two shifts to reduce overall exam time.
- The exam schedule, which includes 111 subjects, will be completed in 39 days, which is less than the 45 days assigned in the 2020 calendar.
- The afternoon shift will take place in four days, with work on subjects that are not offered in schools of the outside. said a statement from the CBSE.
- Students in class 12 will begin with the English test on May 4 and end on June 11, when a multitude of electives have been scheduled ranging from agriculture to beauty and wellness.
- The Class 10 schedule begins with various regional language tests on May 4 and ends on June 7 with the computer applications test.
- In total, the schedule for class 10 includes 75 subjects. The exams will be held later than usual this year, to take into account that schools have not been able to physically open their doors to students for most of the school year due to the Covid-19 shutdown.
- It is only in the past two months that some students in grades 10 and 12 return to physical class, after months of home study with limited support through television and online resources.
Former Supreme Court Justice Madan Lokur is concerned about the provisions of the DNA technology bill
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Allowing investigating agencies to take DNA samples from “suspects” as provided in the DNA Technology Regulation (Use and Enforcement) Bill 2019 will grant them “unlimited power that is easily susceptible to abuse and abuse” and will amount to a “threat to the life, liberty, dignity and privacy of a person,” said retired Supreme Court Justice Justice Madan.
- Lokur, in a written submission to the Parliamentary Standing Committee on Science and Technology The panel, led by the top leader of Congress, Jairam Ramesh, presented its report in parliament on Wednesday.
- DNA testing is currently carried out on an extremely limited scale in India, with around 30-40 DNA experts in 15-18 laboratories performing less than 3,000 cases per year.
- Laboratory standards are neither monitored nor regulated. The bill aims to introduce regulation of the entire process, from collection to storage.
- The preamble of the bill indicates that it aims to establish “a regulation of the use and application of deoxyribonucleic acid [DNA] technology in order to establish the identity of certain categories of persons, in particular victims, criminals, suspects, delinquents, missing persons and unknown deceased persons. “Judge Lokur questioned the need to collect DNA from a ‘suspect’.
- In his presentation, he argued that in a indiscriminate crime or a crime involving a large number of people (such as a riot) everyone is a suspect, with no real basis.
- This would mean that thousands of people can be subjected to DNA profiling on suspicion.
- Many members of the committee also expressed concerns about the inclusion of “suspects” on this list, noting that it could lead to abuse and target certain categories of people.
- In two dissenting notes, AIMIM chief Asaduddin Owaisi and CPI chief Binoy Viswam said the bill would lead to attacks against Muslims, Dalits and Adivasis.
- Judge Lokur said the provisions of the bill could cause certain groups, including social, linguistic, religious and other minorities, to be targeted as suspects.
Europe first, Iranian envoy sentenced to 20 years in prison for bombing plot
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Iranian diplomat accused of plotting to bomb a meeting of an opposition group in exile was sentenced to 20 years in prison on Thursday in the first trial of an Iranian official for alleged terrorism in the European Union since the revolution Iranian lawyer from 1979.
- Lawyers for Belgian prosecutors and Civil parties to the prosecution declared that the Vienna-based diplomat Assadolah Assadi was guilty of attempted terrorism after a plot to bomb a demonstration by the National Council of Resistance of Iran (NCRI) near Paris in June 2018 was foiled by the Germans, the French and the Belgian police.
- “The decision shows two things: a diplomat has no immunity for criminal acts and the responsibility of the Iranian state in what could have been a massacre,” said Belgian prosecutor Georges- Henri Beauthier to journalists in front of the Antwerp court. Three other Iranians were sentenced at first instance for their role of accomplice, to respective sentences of 15, 17 and 18 years. “It has been established that the Iranian regime uses terrorism as an art of government and that the highest levels of the Iranian regime are involved,” said Shahin Gobadi, Paris-based spokesperson for the People’s Mojahedin Organization of Iran, which is part of the NCRI. search.
Aung San Suu Kyi and other leaders arrested after Myanmar military coup
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; Reports indicate that there has been a military coup in Myanmar and that leader Aung San Suu Kyi has been held under house arrest.
- The Myanmar military staged a coup on Monday, arresting de facto leader Aung San Suu Kyi and claiming to have taken control of the country for a year under a state of emergency.
- The intervention came after weeks of growing tensions between the military, which ruled the country for nearly five decades, and the civilian government, over allegations of fraud in the November elections.
- The military signaled last week that it could take power to resolve its allegations of voting irregularities, which were easily won by Suu Kyi’s National League for Democracy (NLD) party.
- Suu Kyi and President Win Myint were arrested Monday in the capital, Naypyidaw, before dawn. NLD spokesman Myo Nyunt told AFP just hours before Parliament resumed for the first time since the elections.
- The events prompted a swift reaction from the United States and Australia, both calling for the release of the detained NLD leaders and the restoration of democracy.
- India expressed “deep concern” over reports of an ongoing military coup in Myanmar. “We have watched the events in Myanmar with deep concern.
- India has always strongly supported the democratic transition process in Myanmar. We believe that the rule of law and the democratic process must be upheld. We are monitoring the situation closely, ”said a statement released by the MEA.
- Police filed a complaint against ousted leader Aung San Suu Kyi for illegally importing communications equipment. She will be held until February 15 for investigation, according to a police document.
- The Myanmar military seized power on Monday, arresting Nobel Prize winner Suu Kyi and halting the transition to democracy in a takeover that has drawn condemnation from the United States and other Western countries.
- A police request to a court detailing the charges against the 75-year-old Nobel Laureate said walkie-talkie radios were found during a search of her home in the capital, Naypyidaw.
- He said the radios were illegally imported and used without permission. The revised document Wednesday called for Suu Kyi’s detention “to interview witnesses, request evidence and seek a lawyer after questioning the accused.”
- A separate document showed that the police had filed a complaint against ousted President Win Myint for violating the Disaster Management Act.
- Suu Kyi endured around 15 years of house arrest between 1989 and 2010 while leading the country’s democratic movement. He remains extremely popular in his country despite the damage to his international reputation caused by the flight of Rohingya Muslim refugees in 2017.
- His National League for Democracy (NLD) party previously said in a statement that his offices were raided in various regions and he had urged the authorities to stop what he called illegal acts after his victory in the November 8 elections.
- Army chief Min Aung Hlaing seized power due to electoral fraud, which the NLD won overwhelmingly. The electoral commission said the vote was fair.
India disagrees with USTR (Secretary of Commerce) e-commerce tax report
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; India disagrees with the US Trade Representative’s (USTR) report that the country’s 2% matching tax on foreign e-commerce companies discriminates against US companies, has Secretary of Commerce Anup Wadhawan said.
- Last month, a USTR investigation concluded that India’s 2% digital services tax on e-commerce supply discriminates against U.S. businesses and is inconsistent with international tax principles.
- “We do not agree with this conclusion,” Wadhawan told reporters when asked if India responded to the USTR report. Some countries are protesting because they have a great domination over this type of activity, be it Facebook, Google or Amazon, he added.
Amazon wins when Delhi HC orders Future Retail to maintain status quo in Reliance deal
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; In a significant victory for Amazon, the Delhi High Court on Tuesday ordered Future Retail Ltd (FRL) to maintain the status quo on its 24,713 crore deal with Reliance Retail, which was challenged by the US retail giant.
- Judge J.R. Midha said the court was satisfied that an immediate interim order must be made to protect Amazon’s rights. Respondents (FRL) are encouraged to maintain the status quo as of today at 4:49 p.m. until the pronouncement of the reserved order ”, declared the judge.
- Amazon has approached the High Court to seek an order ordering enforcement of the award by the Singapore Emergency Arbitrator (EA) preventing FRL from continuing its Rs 24.713 million settlement with Reliance Retail.
- Amazon has sought to prevent Future Group led by Kishore Biyani from taking steps to complete the transaction with entities that are part of the Mukesh Dhirubhai Ambani (MDA) group.
Weekly NEWS Summary | 29 Jan – 04 Feb 2021; A small explosion from an improvised explosive device took place in front of the Israeli embassy in central Delhi in Lutyens on the night of January 29, police said.
- None was injured. Some cars were damaged in the explosion that took place near the sidewalk in front of the Embassy in A.P.J. Abdul Kalam Road, a very high security area in the national capital.
- Delhi Police Additional PRO Anil Mittal said first impressions suggest it could be a malicious attempt to create a sensation.
Trinamool congressman Rajib Banerjee resigned from the West Bengal Assembly on Friday. He resigned as Minister of Forests on January 22. Domjur’s MP in Howrah district seemed unhappy with the party for several months. He spoke out against “nepotism” within the party and claimed that he was neglecting the people who deserved it.
A more powerful version of the Texas-native multi-role fighter jet with a much more powerful engine, increased payload capacity, a next-generation electronic warfare system, and a range of higher-grade avionics and a range of top-grade avionics is expected to be released next year first high speed.
- Testing will begin in 2023, said Hindustan Aeronautics Ltd. CMD R. Madhavan. He said the structural package and other work on the Tejas Mark II is progressing well and production is expected to start around 2025.
- He said the upgraded version will have a larger fuselage, longer range, better maintainability., Higher load capacity, much higher motor. network-centric power and superior warfare systems.
More than 21% of the population, aged 10 years and over, showed evidence of past exposure to Covid-19 in the latest national serosurvey conducted by the Indian Council for Medical Research (ICMR), the government said on Thursday, noting that a much of the population remains vulnerable to infection.
- The third ICMR national serosurvey was conducted between December 7, 2020 and January 8, 2021.
- Presenting the results of the survey, ICMR Director General Dr. Balram Bhargava said that the 21.4% of the 28,589 people, aged 18 and over, surveyed during the period showed evidence of past exposure to coronavirus infection.
- Additionally, 25.3% of children ages 10 to 17 out of the same number of respondents had the disease, he said.
- Both urban (31.7%) and non-urban (26.2%) slums had a higher prevalence of SARS-CoV-2 than rural areas (19.1%), Bhargava said, adding that 23 , 4% of people over the age of 60 had suffered from COVID-19.
- Blood samples were also taken from 7,171 healthcare workers during the same period and the seroprevalence was found to be 25.7%, said the director general of ICMR.
- The survey was conducted in the same 700 villages or neighborhoods in 70 districts of 21 states selected during the first and second rounds of the national serosurvey.