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Showing posts from January, 2021

Active COVID-19 cases remain below 2 lakh for twelfth straight day; 13,052 cases reported in past 24 hours

New Delhi: With 13,052 new coronavirus infections being reported in a day, India's COVID-19 tally has gone up to 1,07,46,183, while the number of people who have recuperated from the disease has surged to 1,04,23,125, according to the Union Health Ministry data updated on Sunday. The national recovery rate has climbed to 96.99 per cent. The death toll increased to 1,54,274 with 127 new fatalities, the data updated at 8 am showed. The number of people who have recuperated from the disease surged to 1,04,23,125. The COVID-19 case fatality rate stands at 1.44 per cent. The total COVID-19 active cases remained below 2 lakh for the 12th consecutive day. There are 1,68,784 active coronavirus infections in the country which comprises 1.57 per cent of the total caseload, the data stated. India's COVID-19 tally had crossed the 20-lakh mark on 7 August, 30 lakh on 23 August, 40 lakh on 5 September and 50 lakh on 16 September. It went past 60 lakh on 28 September, 70 lakh on 11 Oct

Pune court rejects plea to stop 'Covishield' trademark use by Serum Institute of India

Pune: A local court has rejected an application seeking an injunction against the use of 'Covishield' as a brand name by the vaccine-maker Serum Institute of India (SII), the company said on Saturday. SII is producing a coronavirus vaccine named Covishield, co-developed by the University of Oxford and British-Swedish company AstraZeneca. The Indian government has purchased 11 million doses of Covishield vaccine. While the court order was not available immediately, the lawyer of Cutis-Biotech, which had filed the suit, said it would file an appeal in the high court. On 4 January, Cutis-Biotech, a pharmaceutical firm, filed a suit in the civil court claiming it was a prior user of the brand name Covishield and sought to restrain SII from using the name. SII had told the court that the two companies operate in different product categories and there is no scope for confusion over the trademark. "Court has rejected the application," said SII's lawyer Hitesh Jain.

The Family Man, Pitta Kathalu, and More: February Guide to Netflix, Prime Video, and Disney+ Hotstar

The Family Man season 2, Pitta Kathalu, Tom & Jerry, To All the Boys: Always and Forever, The Girl on the Train, I Care a Lot, Malcolm & Marie — the biggest movies and TV series on Netflix, Amazon Prime Video, Disney+ Hotstar, Apple TV+, Colors Infinity, and Mubi in February 2021. from Gadgets 360 https://ift.tt/2McZWiK

Netflix February 2021 Releases: To All the Boys 3, The Girl on the Train, and More

To All the Boys: Always and Forever, The Girl on the Train, Pitta Kathalu, News of the World, Jurassic World, Jumanji: Welcome to the Jungle, The Big Day Netflix, Malcolm & Marie, I Care a Lot, Bear Grylls’ Animals on the Loose: A You vs. Wild Movie, Eeb Allay Ooo! — the biggest movies and TV shows coming to Netflix India in February 2021. from Gadgets 360 https://ift.tt/3pAiqrP

Upcoming Budget to be part of series of ‘mini Budgets’ that FM gave in 2020, says Narendra Modi

New Delhi: Prime Minister Narendra Modi on Friday said Finance Minister Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020 and expressed confidence that the upcoming budget would also be seen as part of that series. In his remarks to the media before the commencement of Parliament's Budget Session, Modi said the first session of this decade commences on Friday and emphasised that this decade is very important for the bright future of India. Keeping in mind this decade, there should be discussions and presentation of different views this session, he said. The prime minister expressed confidence that MPs will not shy away from contributing to make full use of Parliament for fulfilling people's aspirations. "Probably for the first time in India's history, the finance minister had to give four-five mini budgets in 2020 in the form of different packages," he said. "Therefore, I am confident that this budget will also be see

VK Sasikala to be discharged from Bengaluru hospital today after completing COVID-19 treatment

Bengaluru: Expelled AIADMK leader VK Sasikala, undergoing treatment for COVID-19 in a hospital, would be discharged on Sunday, a bulletin said. "Sasikala Natarajan completed 10 days of treatment today. She has been asymptomatic and maintaining saturation without oxygen for the past three days. As per protocol, she can be discharged from the hospital," Bangalore Medical College and Research Institute said in the bulletin. "The team of doctors attending to her has taken the decision that she is fit for discharge and she will be discharged tomorrow, but has been advised home quarantine," it said. Sasikala was released on Wednesday after she completed four years of imprisonment in a jail here in a case of disproportionate assets. Being treated for COVID-19, the 66-year-old close aide of former Tamil Nadu chief minister late J Jayalalithaa had remained in the hospital. Sasikala's return to Tamil Nadu is of political significance as it comes at a time when the s

Union Budget 2021: Abolish tax on dividends for retail investors to consider equity investments

The year 2020 has brought unprecedented upheaval in the lives of people and businesses across the globe. For the investor community too it was a time of volatility and uncertainty. While the world is warming up and adjusting to the new normal, many people and businesses are still reeling from the economic impact of COVID-19. With the Union Budget 2021-2022 announcement some hours away, here are some expectations from retail investors for this year’s Budget. Equity-related mutual funds Indexation assists investors in paying taxes on the real value of the investments as compared to the nominal value. At present, the government offers indexation benefits for gold investments, debt mutual funds, and real estate. However, equity-related funds are not eligible to be considered. From 2018, Long-term Capital Gains (LTCG) is taxed at 10 percent sans any indexation benefits. While the LTCG up to Rs 1 lakh is exempted from tax every year, the impact on the tax liability is not substantial. Also

Kafeel Khan, 80 others included in list of history-sheeters in UP's Gorakhpur, to be on police radar

Gorakhpur: Dr Kafeel Khan and 80 others have been included in the list of history-sheeters in Gorakhpur district of Uttar Pradesh and they will be on the radar of police, officials said on Saturday. History-sheets have been opened against the 81 people on the instruction of Senior Superintendent of Police Jogendra Kumar, they said, adding that the district now has a total of 1,543 history-sheeters, or persons with a criminal record. Kafeel Khan's brother Adeel Khan, however, told PTI that the history-sheet against the doctor was opened on 18 June, 2020, but the information was given to the media on Friday. In a video message released on Saturday, Kafeel Khan said, "The UP government has opened my history-sheet. They say that they will monitor me for life. Good, give two security guards who will keep an eye on me for 24 hours. At least, I will be able to save myself from fake cases." "In Uttar Pradesh, the situation is such that the criminals are not monitored,

SC withdraws approval for appointment of Justice Pushpa Ganediwala of Bombay HC as permanent judge

New Delhi: The Supreme Court Collegium is understood to have withdrawn its approval to a proposal for the appointment of an additional judge of the Bombay High Court, Justice PV Ganediwala, as a permanent judge of the court following her two controversial verdicts in sexual assault cases. The decision was taken after the judge faced flak for her interpretation of sexual assault under the Protection of Children from Sexual Offences (POCSO) Act, a source said. Justice Pushpa Ganediwala recently acquitted a man accused of groping a 12-year-old girl's breast because he did not make skin-to-skin contact and days earlier, ruled that holding the hands of a five-year-old girl and unzipping the trousers do not amount to "sexual assault" under the POCSO Act. On 27 January, the Supreme Court stayed the Bombay High Court order acquitting the man after Attorney General KK Venugopal said the order would set a dangerous precedent. The collegium headed by Chief Justice SA Bobde, a

Union Budget 2021: Govt needs to emphasise skill development in education policy to support economy

For India to achieve Sustainable Development Goals (SDGs) by 2030 and to accomplish its vision of becoming a self-reliant $5 trillion economy, one of the fundamental requirements will be to focus and invest in education. In the recent past, the government has made significant strides in this sector, a monumental development being the National Education Policy (NEP) 2020 reforms that are currently underway. Therefore, the upcoming Union Budget 2021 will be key for two reasons; first, it is likely to provide an in-depth view of the implementation of NEP 2020 and secondly, this is the first Budget post-pandemic and hence, will be key about how the government plans to get the education sector back on track from the pandemic impact. Union Budget 2021 must emphasise on the following segments: We need to deepen our focus on skill development, right from the corporate sector to the low-income group youth ensuring Indians are equipped with the necessary skills to support and accelerate the e

Three-day nationwide Polio Immunisation programme to begin from today with COVID-19 precautions

The nationwide Pulse Polio Immunisation (PPI) campaign will be undertaken today (Sunday, 31 January) covering children up to five years of age, with preventive measures for COVID-19, reports said. The countrywide immunisation programme was earlier scheduled to start from 17 January, however, it was postponed due to the COVID-19 vaccination drive which started on 16 January. According to toa report in Hindustan Times , the Pulse Polio immunisation programme was launched in 1995 following the World Health Organization's Global Polio Eradication Initiative. While Polio has existed for a long time, it first became a major public health issue in the late Victorian times with major epidemics in Europe and the United States, a  report in BBC said. The disease causes spinal and respiratory paralysis and can also kill victims. While it remains incurable, vaccines have helped in its nearly total eradication in modern times. Earlier in the day, President Ram Nath Kovind launched the fi

VK Sasikala will be discharged from Bengaluru hospital today after completing COVID-19 treatment

Bengaluru: Expelled AIADMK leader VK Sasikala, undergoing treatment for COVID-19 in a hospital, would be discharged on Sunday, a bulletin said. "Sasikala Natarajan completed 10 days of treatment today. She has been asymptomatic and maintaining saturation without oxygen for the past three days. As per protocol, she can be discharged from the hospital," Bangalore Medical College and Research Institute said in the bulletin. "The team of doctors attending to her has taken the decision that she is fit for discharge and she will be discharged tomorrow, but has been advised home quarantine," it said. Sasikala was released on Wednesday after she completed four years of imprisonment in a jail here in a case of disproportionate assets. Being treated for COVID-19, the 66-year-old close aide of former Tamil Nadu chief minister late J Jayalalithaa had remained in the hospital. Sasikala's return to Tamil Nadu is of political significance as it comes at a time when the s

Union Budget 2021: Govt should consider light touch regulatory regime to attract global lenders in IFSC

The International Financial Services Centre (IFSC)’s Gujarat International Finance Tech-City (GIFT) is the first smart city in India that is fast emerging as an attractive destination for financial services players. After the setting up of the International Financial Services Centre Authority (IFSCA) [being the Unified Regulator for IFSC], it has witnessed some path-breaking regulations and policy announcements in a very short span of time for different aspects of financial services such as banking, stock-broking, investors in IFSC, etc. Recently, the IFSCA permitted Global In-House Centres (GICs) of financial companies to be set up in IFSC. The Alternative Investment Funds regime is also attractive and it should see funds/fund managers setting up base in IFSC soon. One must also applaud the IFSCA on being very open to suggestions from investors and pro-development. The IFSCA works closely with the government to address the changing business environment/needs and providing more busine

Union Budget 2021: Enhance tax benefit in interest on housing loan to Rs 3 lakh from current Rs 2 lakh

The Union Budget comes with a lot of expectations, especially amidst the recovery from the pandemic. We expect that the government’s agenda of ‘Housing for All’ will see a major push through this Budget as well. As a Housing Finance Company (HFC) we also expect announcements which will enhance/ renew of prospective buyers towards owning a house and further propels investments in real estate as an asset class. Needless to say the real estate sector, along with manufacturing and services, is also a huge employment generator, and any positive activity in this sector aids the overall buoyancy in the economy. We feel, keeping in mind the real estate price inflation over the last decade or so, as a first step, the government can consider enhancement in a tax benefit for interest in housing loan to Rs 3 lakh from the current levels of Rs 2 lakh. The limit can be higher up to Rs 4-5 lakh in metro locations, which will be in line with the real estate price difference which exists betw

Union Budget 2021: Govt should speedily release GST refund dues to allow locked-up capital flow into economy

The current financial year 2020-21 has seen deep erosion in the economy with sources pegging the year to close with a contraction of 7.7 percent in the gross domestic product (GDP). However, after the steep drop in the first two quarters, the economy is seen to be recovering with positive GDP growth in the last two quarters. The manufacturing sector has shown a swift recovery from Q2 and is poised to deliver further growth provided the market is ready for it. While the supply side has striven to recover its operations to pre-COVID levels, the demand is still lagging in several sectors of the economy. The government must focus its efforts firstly on improving demand in the domestic market. One major step towards this objective is to reduce the Goods and Service Tax (GST) rate for certain categories like furniture and air conditioners which are also identified as key thrust areas for investment by the government. The inflationary pressure on commodities like metals and plastics will im

Union Budget 2021: Govt should provide incentives to increase new GST registrations

The Goods and Service Tax (GST) is a comparatively new law in force that is triggered with various changes till it enters the area of perfection. It is natural to have changes and amendments in the law for a decent number of years after its application. However, GST has witnessed so many amendment times and again that its original structure which was kept by the Parliament before the country seems to be taking new shape and a new variant of GST, considering the recent amendments and approach of amendments in the law, is quite brainstorming as well as full of complexities as far as taxpayer is concerned. Here are some structural changes which I feel should be at the core of the discussion for smooth compliance with GST law: Ensuring free flow of input tax credit Recently various input tax credit (ITC) restriction measures have been introduced to fill up the loopholes, which fraudsters are taking advantages of. The first and foremost change is the restriction in the claim of ITC. Wh

Visva Bharati Recruitment 2021: Application process begins for 106 teaching posts at visvabharati.ac.in

Visva Bharati University, Santiniketan, West Bengal has invited applications for the recruitment of professionals in the post of Professor, Associate Professor and Assistant Professor. Candidates who are interested in the posts and eligible to apply are advised to visit the official website of the varsity at visvabharati.ac.in and go through the details of the recruitment procedure. Candidates can register for the posts online till 6 pm on 27 February. The recruitment drive is looking forward to shortlist candidates for as many as 106 vacant posts . While 53 vacancies are for Associate Professor, 33 seats are vacant for the post of Professor and 20 for Assistant Professor. There are also specified educational qualifications required for different posts for a candidate to become eligible to apply. As per Jagran Josh , a Professor must have a PhD degree in the allied/concerned/relevant discipline, and must have some published work. They must be actively engaged in research with evi

Delhi's minimum temperature rises to 5.4°C, but likely to dip tomorrow, says IMD

New Delhi: The minimum temperature in the National Capital rose slightly to 5.4 degrees Celsius on Saturday, but is likely to dip again on Sunday, the India Meteorological Department said. Cold wave conditions had prevailed in Delhi on Friday with the minimum temperature settling at 4 degrees Celsius, five notches below normal. A cold wave is predicted on Sunday, too. In the plains, the IMD declares a cold wave if the minimum temperature dips to 4 degrees Celsius. A severe cold wave is when the minimum is 2 degrees Celsius or less. "The minimum temperature on Tuesday and Thursday had settled at 2.1 degrees Celsius and 3.8 degrees Celsius, respectively, due to the cold and dry northwesterly winds barrelling through the plains," the IMD said. Delhi had recorded a "cold day" on Sunday with the maximum temperature dropping to 15 degrees Celsius, six notches below normal and the lowest this month. On New Year's, the city had recorded a minimum of 1.1 degrees Ce

Martyrs’ Day 2021: Occasion marks death anniversary of Mahatma Gandhi; Modi, Ram Nath Kovind pay tributes

Every year, Shaheed Diwas or Martyrs’ Day is observed on 30 January in India. This day marks the death anniversary of Mohandas Karamchand Gandhi, or Mahatma Gandhi. It was on this day that Gandhi was assassinated by Nathuram Godse. Shaheed Diwas is also observed as a day to pay tribute to all the freedom fighters who had sacrificed their lives in order to gain India's independence. Prime Minister Narendra Modi took to Twitter to write that Mahatma Gandhi’s ideals “continue to motivate millions” even today. Tributes to the great Bapu on his Punya Tithi. His ideals continue to motivate millions. On Martyrs’ Day we recall the heroic sacrifices of all those great women and men who devoted themselves towards India’s freedom and the well-being of every Indian. — Narendra Modi (@narendramodi) January 30, 2021 President Ram Nath Kovind too paid his tributes to the Father of the Nation via Twitter. On behalf of a grateful nation, my humble tributes to the Father of the Nation, M

Anna Hazare calls off proposed hunger strike over farm laws after Centre promises to set up panel

Mumbai: Social activist Anna Hazare on Friday said he won't be proceeding with the indefinite fast against the new farm laws and claimed that the Central government has agreed to some of his demands. "The union government has agreed to some of my demands and also announced setting up a committee to improve the lives of farmers. I have decided to suspend my proposed indefinite fast starting from Saturday," he said on Friday. Union Minister of State for Agriculture Kailash Choudhary and BJP leader and former Maharashtra chief minister Devendra Fadanvis met Hazare during the day. "A high-level committee, with some members nominated by Hazare, will consider his demands and submit a report in six months," said Choudhary. In a statement earlier in the day, Hazare (84) had announced that he will be starting the hunger strike from his village Ralegan Siddhi in Maharashtra on Saturday. In that communication, Hazare had said he had written to the prime minister and

Union Budget 2021: Part one of Session to conclude two days early on 13 February

New Delhi: The first part of the Budget Session of Parliament is likely to end on 13 February instead of 15 February, sources said on Friday, underling that the total number of working days would however remain the same. The matter was discussed in the Business Advisory Committee of Lok Sabha where leaders of various parties were unanimous to end part one of the session on 13 February. As per earlier schedule, the session was to go on a recess after meeting on 15 February, a Monday. Now, at least Lok Sabha would meet on 13 February, a Saturday, before being adjourned to meet again on 8 March. This would mean that the number of working days would remain. In the Monsoon Session of Parliament, the two Houses had met on Saturdays and Sundays. But this time, the usual weekend breaks have returned. The Budget Session is scheduled to end on 8 April. The Business Advisory Committee of Lok Sabha also decided to allocate 10 hours for the debate on the Motion of Thanks to the President'

Union Budget 2021: Narendra Modi to announce govt's legislative agenda in all-party meet today

New Delhi: Prime Minister Narendra Modi will chair an all-party meeting on Saturday to put forth the government's legislative agenda for the Budget Session of Parliament. This time the customary all-party meeting is being held after the beginning of the session. The Budget Session began on Friday with President Ram Nath Kovind addressing the joint sitting of the two Houses of Parliament. Usually such all-party meetings are held ahead of parliamentary sessions to ensure smooth functioning of both the Houses. During the virtual meeting, Opposition parties are likely to demand a debate on the farmers' agitation underway at various border points of Delhi. The Opposition parties had raised a similar demand at an all-party meeting convened by Lok Sabha Speaker Om Birla on Friday, but the government suggested that the issue of farmers' agitation can be raised during the debate on the Motion of Thanks to the President's address for which 10 hours have been allocated in Lok

Blast outside Israel embassy: No effort will be spared to find culprits, S Jaishankar tells Israeli foreign minister

New Delhi: Hours after a low intensity explosion took place outside the Israeli embassy in the heart of the national capital on Friday, External Affairs Minister S Jaishankar spoke to his Israeli counterpart Gabi Ashkenazi and assured him of "fullest protection" to his country's diplomats and the mission. In a tweet, Jaishankar said India has taken the incident "very seriously" and that no effort will be spared to find the culprits. Friday also marked the 29th anniversary of the establishment of India-Israel full diplomatic ties. The Delhi Police said that the low-intensity improvised device went off at 5.05pm and that no one was injured in the explosion and there was no damage to any property. "Spoke just now to Israeli FM Gabi Ashkenazi about the explosion outside the Israeli Embassy. We take this very seriously. Assured him of the fullest protection for the Embassy and Israeli diplomats," Jaishankar tweeted. "Matter is under investigation

Union Budget 2021: Detaching banks from attachments under economic offences laws is need of the hour

Legislations dealing with economic offences like the Prevention of Money Laundering Act, 2002 (‘Money Laundering Law’) and the Prohibition of Benami Property Transaction Act, 1988 (‘Benami Property Law’) have remained dormant for many years in the past. In fact, the latter legislation got its teeth only in the year 2016, when it was amended to its current form. These legislations are being used post-2014 and 2016 quite vociferously to bring defaulting persons to justice. The provisions of the two legislations provide the authorities concerned the power to attach properties, which are either proceeds of crime or are involved in a benami transaction. Attachment of property is an interim measure, which primarily puts a bar on further transfer of property. Attachment is resorted to by the government to ensure that it is not deprived of the opportunity to eventually confiscate/ recover the proceeds of crime or benami property, which has either been ill-gotten by violating laws or has been

Union Budget 2021: Liberalisation of FDI in insurance should be given top priority

The first-ever paperless fiscal Budget will be presented by Finance Minister Nirmala Sitharaman on 1 February 2021. The expected announcements bear the heavyweight of people’s expectations stemming from the economic downturn caused by the ongoing COVID-19 pandemic. While India has fared relatively well through the pandemic considering its population and healthcare infrastructure prevalent prior to the pandemic, the biggest challenge lies in nursing the economy which was anyway showing signs of slowdown even prior to the pandemic. In 2020, the government announced multiple stimulus packages to aid ailing businesses and the workforce. However, the ongoing pandemic has emphasised the importance of insurance (health and life) as a form of financial protection for oneself and family, reiterating the unpredictability of life-altering events. While there has been an increased awareness of insurance offerings among consumers, especially term and health insurance, significant headway has to be

Union Budget 2021: Digitisation key to solving stumbling blocks in logistics sector

When the pandemic struck in 2020, one of the few industrial sectors that were able to help the ecosystem was logistics. However, it faced stumbling blocks faced as the sector is not fully digitised. There is a pressing need for a complete digital transformation of the industry to handle international shipments efficiently. Logistics firms shared their concerns and wish list from Budget 2021 with Firstpost . Dhruvil Sanghvi, Chief Executive Officer, LogiNext Global and national supply chain is of paramount criticality in 2021 and beyond. Currently, there is a very high degree of compliance and paperwork which makes it difficult for technology companies to serve the global audience and forces companies to shift base outside the country. Urgent steps in this direction will help high growth companies keep base in India, generate employment across the spectrum and help revive the national economy after the shock of the pandemic. Sanjay Bhatia, CO-Founder, Freightwalla We hope the Union

Union Budget 2021: Govt should invest in clinical trials, enable policies to empower pharma sector

In the wake of the pandemic that struck in 2020 paralysing businesses and lives of people, the expectations from Budget 2021 centre around the allocation of higher spending towards healthcare. The pandemic brought home the need for a strong healthcare infrastructure to ensure a sustainable economy. Experts in the sector, pharmaceutical firms and startups share their expectations from Budget 2021 with Firstpost. Nikhil Chopra, CEO and Whole Time Director, JB Chemicals and Pharmaceuticals Budget 2021 is expected to focus on proposals that revive demand and boost economic activity. To give the necessary fillip to the Indian pharma and healthcare sector, we expect the government to form enabling policies that will empower the industry to establish India as the pharmaceutical hub for the world. While the Budget should continue to ensure wider implementation of schemes like Ayushman Bharat, as against the marginal increase in budget allocation for healthcare every year, Budget 2021 should