Reserve Bank Deputy Governor Michael Patra on Wednesday said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets. Emphasising that the Central Bank Digital Currency (CBDC) will be introduced in FY23 as announced by Finance Minister Nirmala Sitharaman in the Budget speech, Patra said India will proceed very gradually on the subject as there are concerns on privacy, its impact on monetary policy formulation and energy intensity. The government had plans to introduce a bill on cryptocurrencies like Bitcoin during the Winter Session of Parliament in November-December 2021 but did not introduce it.
Shares of Adani Group companies were in focus during Monday's session, with four of the six listed stocks being locked in the upper circuit of 5 per cent, bouncing back up to 11 per cent from their respective intra-day lows on the BSE. Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE. Adani Ports and Special Economic Zone (APSEZ) and Adani Enterprises rallied over 7 per cent and 6 per cent, respectively, in intra-day trade. In comparison, the Sensex rose 0.44 per cent to 52,574.46 on Monday. Last week, all Adani group stocks had come under pressure after a media report suggested that the National Securities Depository (NSDL) had frozen accounts of three foreign funds that own stake in four of Adani Group companies.
The Centre said there is an urgent need for states to consider strict COVID management and control measures to bring the situation under control.
Safety and Efficacy results from the final analysis will be available in June, and the final report will be submitted to a peer-reviewed publication.
The number of new COVID-19 cases increased exponentially by 71 per cent globally during the week December 27-January 2 as compared to the previous week, while the number of new deaths decreased by 10 per cent, the World Health Organisation said on Thursday, as the new Omicron variant led the spike.
Aviation is a juicy target. It's a 24x7 industry, which cannot afford delays or loss of customer credibility.
Chief Minister Arvind Kejriwal and his deputy Manish Sisodia said the number of cases might have increased but the hospitalisation rate is low.
Shares of Adani group companies witnessed a massive drubbing in morning trade on Monday, tumbling up to 25 per cent, amid reports that the National Securities Depository Ltd (NSDL) has frozen certain FPIs accounts that have holding in some of these firms.
Over time, as more mutations occur, the vaccine may need to be altered.
He said the answer to the Congress' current challenges lies in a combination of effective leadership and organisational reforms.
The Union health ministry on Friday said while there is no evidence to suggest that existing vaccines do not work on the Omicron variant of SARS-CoV-2, some of the mutations reported may decrease the efficacy of the jabs.
According to the statement, a significant number of foreign nationals are living in India, especially in large metropolitan areas. In these areas, the potential of spread of COVID-19 is high due to higher population density. To counter any possibility of such occurrence, it is important to vaccinate all eligible persons.
The next edition of the country's leading automobile show, the Auto Expo, will be held from January 13-18 next year, having been cancelled this year due to the COVID-19 pandemic. The last edition of the biennial automobile show took place in February 2020 amid fears of the spread of the coronavirus across the world. It was supposed to take place in February this year at Greater Noida but was postponed due to the worsening COVID-19 situation.
'This virus may have more immune evasion capability and therefore, it may make you more sick.'
India's COVID-19 fatality rate has dropped significantly to 2.43 per cent from 3.36 per cent on June 17 due to effective clinical management of coronavirus cases, the health ministry and asserted that the country has handled the pandemic 'relatively well'.
The World Economic Forum on Monday said it has decided to defer its Annual Meeting 2022 in the Swiss Alpine ski resort town of Davos in the light of continued uncertainty over the Omicron outbreak. The Annual Meeting, which was scheduled to take place in Davos-Klosters, Switzerland between January 17-21, 2022, is now planned for early summer. The World Economic Forum (WEF) held its last Davos summit, attended by top leaders from across the world, in January 2020, just before the outbreak of the coronavirus pandemic, while the 2021 meeting could not take place due to the outbreak.
It will be unfair to put a date for any COVID wave as the behaviour of coronavirus is unpredictable and a disciplined and effective pandemic response can help the country get away from any significant outbreak, COVID Task Force chief V K Paul said.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
The clarification by the National Securities Depository (NSDL) - which is tasked with monitoring foreign portfolio investor (FPI) investment in domestic stocks - that the accounts of top investors in Adani group stocks remain 'active' has helped prevent a $500-million selloff of shares. Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices. Brian Freitas, an analyst at independent research provider Smartkarma, said if the FPI accounts were indeed frozen, FTSE and MSCI would have reduced weighting of Adani group companies at the next rebalance, since it would have meant that the large part of the free float was not tradeable.
Indian Council of Medical Research Director General Balram Bhargava said the purpose of the COVID vaccine drive would be to break the chain of viral transmission.
While virologists say theoretically the vaccine that works on Delta should work on the Delta Plus variant as well, more research is needed.
The Centre has warned it is likely that the spread of the new variant will outpace the Delta variant where there is community transmission.
He stressed that it is important to comply with health guidelines amid the pandemic, in order to decrease transmission and take the burden off healthcare systems.
The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA).
The reduced severity of the Omicron variant is good news for now, but it is the result of an 'evolutionary mistake' and does not indicate that the virus which causes COVID-19 is becoming less virulent, a leading Indian-origin scientist from the University of Cambridge warned on Thursday.
COVID-19 Quarantine Victoria said 12 people linked to the tournament exited isolation on Sunday, leaving three active cases still to be cleared.
Deputy Commissioner of Police (operations) S Chaitanya issued the order under Section 144 of the Code of Criminal Procedure (CrPC), which came into force from 1 pm on Friday and will be effective till January 15, unless withdrawn earlier.
The government also said the coronavirus tracking app Aarogya Setu is secure as it has been designed keeping in mind the privacy of people and is playing a crucial role in India's fight against COVID-19.
The experts said there is a need to relook at the testing strategy in a way that it results in guiding the public health response and effectively limiting the spread of the disease.
IMD has said the temperature in April-June across most parts in India is expected to be 0.5-1 degrees Celsius warmer than normal. However, doctors and scientists say they haven't found any direct correlation between the speed of COVID-19 spread and warm weather.
WHO has declared B.1.617 as a "variant of concern" and the update noted that this variant has "increased transmissibility", disease severity is "under investigation", risk of reinfection is "under investigation, possible modest reduction in neutralization activity (B.1.617.1)".
The World Health Organisation on Monday warned that the global risk from the Omicron variant is "very high" based on early evidence, saying the mutated coronavirus could lead to surges with "severe consequences."
Kids mostly have mild illnesses and recover with just symptomatic treatment.
Shares of the six listed Adani group stocks tumbled for the fourth day on Thursday, resulting in Rs 1.59 trillion market cap loss this week. Adani Power, Adani Total Gas and Adani Transmission hit their 5 per cent lower trading limit for a fourth straight day.
A nasal vaccine, one expert said, is a "fantastic idea" for two reasons -- one, it can potentially create sterile immunity, and two, it is easy to administer and thus scalable.
Shenzhen which has been battling an Omicron surge since late February, will carry out three rounds of citywide COVID-19 tests next week.
The leadership needs to put all other government business aside, control the pandemic and save human lives. Searchlights are going to be held by the world community in the weeks and months ahead as the fatality rates start shooting up and Indians die like flies, warns Ambassador M K Bhadrakumar.
All people who have arrived in Saudi Arabia from European countries, as well as other states where the new coronavirus strain has emerged, will have to self-isolate at home for two weeks. Those who have visited these countries in the past three months will need to get tested for Covid-19, according to SPA.
As Covid-19 cases spiralled in China ahead of the next month's Beijing Winter Olympics, authorities effectively put Anyang under lockdown, the third city after Xian and Tianjin, confining over 20 million people to their homes to arrest the spread of the contagion.
Seven-times Formula One world champion Lewis Hamilton will race in Sunday's inaugural Miami Grand Prix after Formula One swerved a showdown with the Mercedes driver over their ban on piercings and jewellery.
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