The International Olympic Committee expects to bear costs of up to $800 million for its part in the organisation of the postponed Tokyo 2020 Olympics, now due to be staged next year, IOC president Thomas Bach said on Thursday. In March, the International Olympic Committee and the Japanese government decided to delay the Games, which were due to start this July, for a year because of the coronavirus pandemic that has killed 300,000 people worldwide.
The world governing body of chess, FIDE, has postponed the Olympiad, scheduled for August 5-17 in Moscow, to 2021 owing to the coronavirus pandemic. The global chess body issued a statement saying that the Olympiad and the FIDE Congress, slated to be held in August in Moscow and Khanty-Mansiysk respectively, are rescheduled to the summer of 2021 at the same locations.
The phase 3 trial findings indicate that Covaxin induces a robust antibody response with no severe vaccine-related adverse events or deaths reported among the trial participants, the authors of the study said.
The IMF on Tuesday cut India's economic growth forecast by 0.5 percentage points to 9 per cent for the current fiscal year, with its chief economist Gita Gopinath saying that the slight downgrade is mainly due to the impact of the spread of the Omicron variant. "If you look at the 2021-22 fiscal year, we have a slight downgrade of -0.5 percentage points and for the next fiscal year 2022-23 we have a slight upgrade of 0.5 percentage points. So, growth for the previous fiscal year is now nine per cent and for this year now is at nine per cent. We moved it up slightly," Gopinath told reporters during a news conference in Washington. In its latest update of World Economic Outlook on Tuesday, the International Monetary Fund has cut India's economic growth forecast to 9 per cent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of the spread of Omicron on business activity and mobility.
'This virus may have more immune evasion capability and therefore, it may make you more sick.'
Why does the world's fastest-growing major consumer of energy fail to attract investments in oil and gas? This is a question worth pondering after private sector conglomerate Reliance Industries Ltd (RIL) failed to close a $15-billion downstream asset deal with Saudi Arabia's national oil company, Aramco. It's understandable if multi-billion dollar investments in oil and gas projects or deals involving state companies that need to traverse a complex bureaucracy at state and federal levels and the corridors of ministries unravel. However, Mukesh Ambani-run RIL, India's most successful energy company, is not typically known to fumble on closing deals (Ambani closed deals worth around Rs 2 trillion early last year in telecom and retail with blue chip investors).
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
Prince Harry has secured a new job to add to his resume. Harry is set to become the chief impact officer of BetterUp, a San Francisco-based company that provides virtual coaching and counselling to employees and individuals.
Japan is not making any preparations to postpone the 2020 Olympics, the government's top spokesman said on Wednesday, stressing Tokyo's resolve to host the event as scheduled despite the global spread of coronavirus.
'While we conversed in Marathi, she would always make it a point to ask me in English, "Are you okay? Have you eaten?"' 'I sorely miss that care and concern.'
The UK government is under increasing pressure on Monday to review its COVID-19 vaccine protocol in place for travellers from India, after its updated rules effective from next month failed to recognise Indian vaccines under an expanded list of countries.
They told us to wash raincoat and reuse,a doctor said.
As the global debate on booster shots gathers momentum, several scientists in New Delhi said the priority must be to ensure that more people are inoculated with at least their first jab.
"He is a famous journalist and runs a digital media platform. Digital media platforms were allowed to get money from outside... The cap came the following year," Sibal argued.
The Delhi high court on Thursday extended till December 17 the interim protection from arrest granted to Newsclick editor-in-chief Prabir Purkayastha in a foreign funding case and asked the Delhi police why it needed his custodial interrogation when the RBI has given a prima facie finding in his favour.
The International Olympic Committee does not plan any "drastic" decisions about the Tokyo 2020 Games, saying on Tuesday it remains fully committed to the event being staged in four months time despite the global spread of the coronavirus. The IOC said in a statement following discussions with international sports federations that changes would need to be made to the qualifiers due to the impact of the virus but it plans to go ahead with the July 24-Aug 9 Olympics.
The Indian government on Tuesday posed 14 questions to WhatsApp on its "invasive" changes in Terms of Service and Privacy Policy.
As India continued to record a huge number of new COVID-19 infections, hospitals in the national capital and other major cities complained of 'dangerously low' levels of oxygen that is needed for critically ill patients. The situation has been made worse by states that house oxygen manufacturing units restricting inter-state supplies.
The decision comes in the backdrop of the Maharashtra government appealing to people to avoid crowding and mass gatherings as part of measures to prevent spread of the viral infection.
The decline in the effectiveness of Covaxin, India's indigenous COVID-19 vaccine, from 77.8 per cent to 50 per cent during a Delta-driven case surge in April and May this year is neither bad nor surprising, say scientists.
Earlier this week, AstraZeneca said it had paused the trials because of 'an unexplained illness' in a participant in the study.
The Badminton Association of India (BAI) has urged its players and officials to "keep a positive frame of mind" and "stay home" to contribute in the fight against the dreaded COVID-19 pandemic, which has resulted in a nationwide lockdown.
The International Cricket Council on Thursday deferred a decision on all agenda items, including the fate of the T20 World Cup in Australia, till June 10. The World Cup is scheduled from October 18 to November 15 but there is intense speculation about the event being postponed due to the coronavirus pandemic and the window being used by the currently suspended IPL.
The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, Governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday. The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side. The retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.
'There will be massive differences in sectors and stocks over the next few years.'
US President Donald Trump has extended the freeze on the most sought-after H-1B visas along with other types of foreign work visas by three months to protect American workers, saying while therapeutics and COVID-19 vaccines are recently available, their effect on the labour market and community health has not yet been fully realised. The decision will impact a large number of Indian IT professionals and several American and Indian companies who were issued H-1B visas by the US government for the fiscal year 2021 beginning October 1. The freeze on various categories of work visas was ordered by Trump through two proclamations on April 22 and June 22 last year.
'India is still a small market but whatever we do, we do it with full focus.'
For Paris-headquartered IT services major Capgemini, India has always been the backbone of its services delivery for its global clients, but the company is focused on driving more value from India as it gears up its engineering research and development (R&D) presence worldwide with its acquisition of Altran Technologies. The company, which has about 149,000 employees in India, is looking to hire 60,000 associates this year. Of them, 30,000 will be recruits from campuses and the rest lateral entrants. For Ashwin Yardi, chief executive officer India, Capgemini, the focus is to make sure that the India unit is aligned with the global plans of repositioning the company as a hub of engineering R&D, operational technology, and IT.
In this pandemic, why can't we have multiple locations for various disciplines, all of it then merged into a virtual convergence called the Olympics instead of one massive event in one city, asks Shyam G Menon.
At a hearing before Master David Cook at the Queen's Bench Division of the court, Mallya's legal team sought a dismissal of the interim order.
As per the Breast Size Satisfaction Survey (BSSS), 48% women wanted larger breasts, 23% wanted smaller breasts.
The 106-year-old patient was discharged from the Rajiv Gandhi Super Speciality Hospital (RGSSH) recently after recovering, where his wife, son and another family member also recuperated after contracting the novel coronavirus infection, they said.
'A Muslim is lynched somewhere, and you forward the video of the lynching through WhatsApp.' 'So, you participate in that lynching without actually doing it. You endorse it without being a party to it.'
The report also referred to Prime Minister Narendra Modi's visit to Israel in July 2017.
Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion.
As the world's third-largest oil importer and consumer, India is running out of options as the relentless surge in international oil prices make it imperative to pass them on to consumers, officials said on Monday. India imports 85 per cent of its crude oil needs and about half of its natural gas requirement. While the imported crude oil is turned into fuels such as petrol and diesel, gas is used as CNG in automobiles and fuel in factories.
Lewis Hamilton broke ranks with other drivers who said they were comfortable with assurances received from the governing FIA, even as other sports cancel events and competitions around the globe.
Notwithstanding how the current impasse is solved, at some point in the future, Russia will realise that just as centuries ago it developed the paradigm of securing its heartland's safety through annexing vast buffer zones between itself and the enemy, a more modern security is possible only through friendly relations and sustainable peace, observes Shyam G Menon.
Head of epidemiology and communicable diseases at Indian Council of Medical Research Dr Raman R Gangakhedkar said 80 out of 100 infected people do not show any symptoms.
The much-delayed 36th National Games, scheduled for October-November in Goa, was on Thursday postponed indefinitely due to the coronavirus pandemic. The Indian Olympic Association (IOA) recently asked the Goa government that it must host the National Games as scheduled from October 20 to November 4 this year.
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