The International Monetary Fund, in its report on the Indian economy, said the Insolvency and Bankruptcy Code (IBC) Amendment Bill addresses many deficiencies but it has not provided for the participation of operational creditors or rules for executory contracts. The IMF staff report said that the business dynamism in India remains relatively low, marked by low rates of entry and exit, and a high share of inactive or inefficient firms reflecting structural rigidities and high compliance levels.
Amid the political push and pull, the Centre's decision to allow sugar exports and remove the 50 per cent duty on molasses exports has rekindled hope in the industry that more relief may follow.
The famous 'tareekh pe tareekh' dialogue from the Hindi movie Damini captures where we are now.
As much as 60 per cent of all resolution plans under Insolvency and Bankruptcy Code (IBC) were approved in the last three years alone, with over 30,000 cases having an underlying default of Rs 13.8 trillion getting settled even before admission, according to data till December 2024 released by the Insolvency and Bankruptcy Board of India (IBBI).
Maruti, IndusInd Bank, Bajaj Finserv, Eternal, Mahindra & Mahindra, Tata Steel, Kotak Mahindra Bank, Titan, HDFC Bank, and NTPC were among the other major gainers. Bharti Airtel and Sun Pharma were the laggards.
In June, the national capital added over 64,000 fresh cases to its tally, while over 47,357 patients recovered, were discharged or migrated.
As much as 73 per cent of the new recovered cases were reported from 10 states and Union Territories -- Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Delhi, Odisha, Kerala, West Bengal and Madhya Pradesh.
Rediff Labs has created the following map where people can track state-wise active cases, recovery rates, and mortality rates.
The number of active COVID-19 cases stands at 2,15,125, while 3,34,821 patients have been cured/discharged.
Six hundred and thirty COVID-19 patients have recovered in the last 24 hours, taking the recovery rate to 25.19 per cent in the country, said Lav Agarwal, joint secretary, ministry of health and family welfare, on Thursday.
On Monday, the ministry had put the recovery rate from COVID-19 at 22.17 per cent.
Mumbai's recovery rate is nearly 15 per cent more than that of Maharashtra, which is 55.62 per cent.
Rediff Labs analyses the data to map number of patients recovered in each state where positive cases have been found.
The number of recoveries has surged to 14,80,884 with 53,879 coronavirus patients having recuperated and discharged in 24-hours, the highest in a day so far.
The active cases have further declined to 5,09,637, comprising 1.67 per cent of the total infections, while the national COVID-19 recovery rate has improved to 97.01 per cent, the data updated at 8 am showed.
The active cases declined to 3,67,415, the lowest in 148 days, and comprise 1.14 per cent of the total infections, the lowest since March 2020.
This achievement is matched by the downward spiral fall in the number of active COVID-19 cases, which was maintained below the seven-lakh mark for the third successive day, it added.
After inaugurating a 10-bed make-shift hospital of the National Disaster Response Force (NDRF) in Ghaziabad near Delhi, he said India began formulating its strategy against coronavirus from January 8 as soon as the world came to know about the outbreak of the disease.
The states and UTs having a recovery rate higher than the national average include Ladakh (85.45 per cent), Delhi (79.98 per cent), Uttarakhand (78.77 per cent), Chhattisgarh (77.68 per cent), Himachal Pradesh (76.59 per cent), Haryana (75.25 per cent), Chandigarh (74.6 per cent), Rajasthan (74.22 per cent), Madhya Pradesh (73.03 per cent) and Gujarat (69.73 per cent).
India has one of the lowest cases per million at 1,469 as against the global average of 2,425, the government said.
Daily new cases of coronavirus in India continued to remained below 30,000 with the country recording 27,176 fresh COVID-19 cases, while 284 new fatalities were recorded in the past 24 hours.
According to the Indian Council of Medical Research, 20,79,77,229 samples have so far been tested for the viral disease in the country, including 6,44,931 on Tuesday.
According to the health ministry's data updated at 8 am, the number of recoveries exceeds active cases by 2,81,668.
Seeing the good recovery rate, authorities in the city have for now put on hold their plans to use stadiums as makeshift COVID-19 care facilities.
India's COVID-19 tally had crossed the 20-lakh mark on August 7.
India is the seventh worst-hit nation by the COVID-19 pandemic in terms of the number of infections, after the US, Brazil, Russia, the UK, Spain and Italy. While the recovery rate in coronavirus infections is improving and has reached 48.19 per cent in India, there has been steady decline in the case fatality which is now 2.83 per cent, the health ministry said.
It said the actual caseload of COVID-19 cases in the country as on date is 3,42,756, while more than 6.35 lakhs patients have recuperated from the disease.
The Centre has increased the area granted to individual players by more than four fold in order to boost mining of critical minerals. Issuing an order on Tuesday, the government said, for mining leases, the area has been expanded from the current limit of 10 sq km to 50 sq km. For prospecting licences (granted in the case of composite licence), the limit has been increased from 25 sq km to 100 sq km.
At present, there are 4,94,657 active cases in the country which comprise 5.73 per cent of the total caseload
There are 5,67,730 active cases of the coronavirus infection, which is the 'actual caseload' of COVID-19 for the country presently and account for 32.43 per cent of the total cases, it said.
A substantial deposit of petroleum and natural gas has been discovered in Pakistan's territorial waters, a cache so large its exploitation could change the country's destiny, according to a media report. A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday.
India logged 26,727 new coronavirus infections taking the total tally of COVID-19 cases to 3,37,66,707, while the active cases declined to 2,75,224, the lowest in 196 days, according to the Union Health Ministry data updated on Friday.
With 16,156 people testing positive for coronavirus infection in a day, India's total tally of COVID-19 cases rose to 3,42,31,809, while the active cases declined to 1,60,989, the lowest in 243 days, according to the Union health ministry data updated on Thursday.
India logged 14,306 new COVID-19 cases, taking the virus tally to 3,41,89,774, while the active cases declined to 1,67,695, according to the Union health ministry data updated on Monday.
'The USA crossed 50,000 deaths in 23 days, Brazil in 95 days and Mexico in 141 days. India took 156 days to reach this national figure'
There are 7,85,996 active cases of coronavirus infection in the country which comprises 21.29 per cent of the total caseload, the data stated.
Suryakumar Yadav is looking leaner and fitter than ever since his comeback to competitive cricket.
The total recoveries have climbed to 8,17,208, while there are 4,40,135 active cases of coronavirus in the country at present, the govt said as the COVID-19 tally surged to 12.87 lakh.
The travel and tourism sector's contribution to global gross domestic product will return to pre-pandemic levels by the end of 2024, according to a new report by the World Economic Forum (WEF) on Tuesday. This recovery is driven by a considerable increase in worldwide demand, coinciding with more available flights, better international openness, and increased interest and investment in natural and cultural attractions.
'A mule operates someone else's account to transfer illegal money.'
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