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Sunday, 31 January 2021

Union Budget 2021: Nirmala Sitharaman announces seven port projects worth over Rs 2,000 crore

New Delhi: Finance Minister Nirmala Sitharaman on Monday announced seven port projects worth more than Rs 2,000 crore investment.

These projects would be undertaken through public private partnership (PPP) mode, Sitharaman said in her Budget 2021 speech.

The finance minister said that she proposed "seven port projects worth more than Rs 2,000 crore via public private partnership mode".

India has 12 major ports under the control of the central government -- Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), VO Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia).



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India records 11,427 new COVID-19 cases, 118 more deaths; recovery rate now 97%

New Delhi: With 11,427 new coronavirus cases being reported in a day, India's COVID-19 tally has increased to 1,07,57,610, while the number of people who have recuperated from the disease has surged to 1,04,34,983, according to the Union Health Ministry data updated on Monday.

The national recovery rate surged to 97 percent.

The death toll increased to 1,54,392 with 118 daily new fatalities. The COVID-19 case fatality rate stands at 1.44 percent, the data updated at 8 am showed.

The COVID-19 active cases remained below 2 lakh for the 13th consecutive day.

There are 1,68,235 active coronavirus infections in the country which comprise 1.56 percent 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 October, crossed 80 lakh on 29 October, 90 lakh on 20 November and surpassed the one-crore mark on 19 December.

According to the ICMR, 19,70,92,635 samples have been tested up to 31 January with 5,04,263 samples being tested on Sunday.

The 118 new fatalities include 40 from Maharashtra, 21 from Kerala, 9 from West Bengal, 8 from Uttar Pradesh, 6 each from Punjab and Tamil Nadu, 4 each from Delhi and Karnataka.

A total of 1,54,392 deaths have been reported so far in the country including 51,082 from Maharashtra followed by 12,356 from Tamil Nadu, 12,217 from Karnataka, 10,853 from Delhi, 10,173 from West Bengal, 8,658 from Uttar Pradesh and 7,153 from Andhra Pradesh.

The health ministry stressed that more than 70 per cent of the deaths occurred due to comorbidities.

"Our figures are being reconciled with the Indian Council of Medical Research," the ministry said on its website, adding that state-wise distribution of figures is subject to further verification and reconciliation.



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BSEB intermediate exam 2021: Exams begin from today at 1,473 centres

The Bihar School Examination Board (BSEB), Patna became the first state board to organise board exams amid the pandemic. The Bihar intermediate exam began from today, 1 February.

Although most education boards, including CBSE, have decided to delay the exams for a few months in view of the COVID-19 outbreak, Bihar is conducting the Class 12 exams in February. Several protocols and guidelines will be followed to protect the students as well as the exam regulators from falling prey to the virus.

The Bihar intermediate exam will see as many as 13,50,233 candidates sit for the test. While 6,46,540 candidates are females, the male students will be 7,03,693 in number.

In order to observe social distancing during the exam process, BSEB has organised for an additional number of exam centres, taking the total number to 1,473. The board has also set up four ‘model exam centres’ where only female candidates will attempt the board papers.

Relaxations have been made in the question paper pattern, helping the candidates score well despite the tumultuous year’s struggles. The entire paper will be of 100 marks but the Bihar board has decided to divide the total marks equally among objective and subjective questions.

Apart from the increased number of objective questions, there is another catch this year. All the questions of all the intermediate exam subjects will have alternatives, thereby providing students with a much higher chance at attempting all the questions.

The first day of the exams will see the Physics paper being held during the morning shift. During the second shift, exams will be held for Political Science and Hindi.

The BSEB Class 12 exams are going to be held in two shifts - the morning shift will commence from 9.30 am to go on till 12.45 pm. Later the afternoon shift will begin from 1.45 pm to 5 pm.



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TATA, CSIR in talks with Moderna to conduct trials, bring COVID-19 vaccine to India

TATA Group's newly launched medical venture Tata Medical & Diagnostics is reportedly in talks with Moderna to bring its COVID-19 vaccine to India after conducting clinical trials to ensure its safety and efficacy. The Economic Times reported that the dialogue is still in its early days and that sources have said that the company would partner up with the Council of Scientific & Industrial Research (CSIR) to carry out the necessary clinical trials of Moderna’s vaccine candidate in India.

The Director-General of CSIR Shekhar C Mande told The Print, "We are in talks with Moderna to understand the science behind their vaccine and how it works on the human body. Till now, the discussions are scientific in nature".

The Centre for Cellular and Molecular Biology (CCMB) in Hyderabad has the capacity to develop this vaccine very quickly – within weeks, Mande said.

When asked about Indian pharma companies interested in, Mande said “I don’t know if Wockhardt has shown interests or even if Tata Sons has pitched in. We have worked with Tata Sons in the past. We will be delighted if they are interested to take part in this. Also, IIL could work.”

So even though Moderna's vaccine has been approved by the US, UK and France and is being used in inoculation drives around the world, it is still important that the vaccine is tested in India. This is because not everyone will respond to a vaccine in the same way and that applies to people from the same race and even more so for people from different races. Health authorities need country-specific data to give their approvals and ensure the vaccine will not have any adverse effects on their people.

The bridge trial, as it is called, gives a country access to a vaccine that otherwise would've taken a long time to reach them. This is an important aspect especially in a crisis situation like COVID-19.

This is also the reason Russia's COVID-19 vaccine Sputnik V needs to complete a Phase 3 trial and have partnered up with Hyderabad's pharma company Dr Reddy's and why AstraZeneca tied up with Serum Institute of India to conduct the Oxford vaccine trials and produce it in India. Johnson & Johnson have also tied up Biological E to conduct a trial in India.

The other reason, according to a Reuters report, is that India has made it mandatory for any vaccine maker to conduct a clinical trial in the country before it will get a chance to be approved.

According to the ET report, "exploratory talks have started between Tata Medical & Diagnostics and Moderna and concrete plans will be finalised once government approvals for private sector participation come in".

India has approved two COVID-19 vaccines – Bharat Biotech's Covaxin and Serum Institute of India's Covishield – for emergency use. According to NITI Aayog Member Dr VK Paul, India has six vaccine clinical trials that are currently going on in the country.

About Moderna vaccine

The Moderna vaccine is based on mRNA technology and evidence from its clinical trials for its COVID-19 vaccine shows that it was 94 percent effective at preventing lab-confirmed COVID-19 in people who were given two doses and had no history of the infection. Moderna's vaccine candidate 'mRNA-1273' is believed to offer protection against the virus for 'several months' according to World Health Organisation (WHO) but according to the company's CEO Stephane Bancel, immunity against the vaccine can last for a couple of years.

The vaccine is given in two doses 28 days apart and can be extended to 42 days. It has shown to be effective around 14 days after one receives the first dose. The vaccine needs to be kept frozen between -25°C and -15°C, which is similar to a normal freezer if it’s not being used immediately. Each vial contains enough doses to vaccinate 10 people. According to a Time report, the vaccines needs to be thawed before it is used and once thawed, the unopened vial needs to be used within 30 days. Once a vial is punctured, it needs to be used within six hours.

The vaccine was not tested in pregnant or breastfeeding women and more studies need to be conducted to know if it is safe for them. The US's Centre for Disease Control (CDC) said it is a woman's personal choice. The vaccine is also not supposed to be given to children under the age of 18 years as those studies are needed to be conducted as well.

According to the clinical trial data, WHO says the vaccine is safe and effective in people with known medical conditions hypertension, diabetes, asthma, pulmonary, liver or kidney disease, as well as chronic infections that are stable and controlled.

The most common side effects, according to the CDC, from getting the vaccine are pain in the arm you got the shot along with swelling and redness. Other effects throughout the body are chills, tiredness and headache.



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RBI announces holiday list for February; banks to remain closed on Basant Panchami, Shivaji Maharaj Jayanti

The Reserve Bank of India (RBI) has announced the list of holidays for the month of February. The banks will remain closed for at least 12 days. Of these, there will be four Sundays and two Saturdays. Furthermore, six holidays will be observed at different regions in February.

This month, there will be no national holiday on which banks across the country will remain closed.

Holidays like Basant Panchami, Chhatrapati Shivaji Maharaj Jayanti etc will be celebrated in February, when banks will remain closed. As per the report, banks will remain closed under three brackets -- Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday as well as Banks' Closing of Accounts.

Here is the list of Bank Holidays in February 2021:

12 February: Losar/ Sonal Lochhar in Gangktok

15 February: Lui-Ngai-Ni in Imphal

16 February: Saraswati Puja/ Basant Panchami in Agartala, Bhubaneshwar, Kolkata

19 February: Chhatrapati Shivaji Maharaj Jayanti in Belapur, Mumbai, Nagpur

20 February: State Day of Mizoram

26 February: Birthday of Md Hazarat Ali, banks will remain closed in Lucknow and Kanpur.

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CBSE conducts CTET 2021 under strict COVID-19 precautions in 135 cities

The Central Board of Secondary Education (CBSE) conducted the 14th edition of Central Teachers Eligibility Test (CTET) on 31 January. The board said after the conduct of the recruitment exam that the entire test was organised following the COVID-19 protocols.

CBSE had taken some extra steps to ensure social distancing was observed duly. Originally, there were 112 exam cities designated to hold the CTET 2021. This was taken to 135 cities in order to safely conduct the test.

CBSE had given a chance to candidates to change their choice of exam city. During the pandemic, many had to move places or return back to their home city. The education board said that they tried to accommodate every candidate in their choice of exam centre or city. To prevent applicants from unnecessary physical appearance, CBSE will be preparing and publishing the mark sheet digitally through DigiLocker.

DigiLocker accounts of all CTET candidates are going to be created and soon they will be sent their account credentials via their registered phone numbers. Applicants will be also getting their digital eligibility certificate via the app. It works with the help of QR codes that need to be scanned by the candidates.

The teacher eligibility test saw as many as 22,97,062 candidates appearing in the nationwide exam. Citing an official release by CBSE, the report said that while 12,19,220 candidates had appeared in paper 1, the number was 10,77,842 for paper 2.

Paper 1 was conducted in the morning shift (from 9.30 am to 12 pm), whereas the second paper was held from 2 pm to 4.30 pm in the afternoon shift on the same day.

In order to qualify, candidates will have to score 60 percent marks. While the part 1 of the exam is for candidates trying to teach classes 1 to 5, the second part is for teachers of classes 6 to 8.



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ICAI likely to release CA November Result 2020 today; check at icai.org, via SMS

The Institute of Chartered Accountants of India (ICAI) is likely to release the CA November Result 2020 for the final course today (1 February). Candidates who gave the exam can check their result through the official site of ICAI - icai.org.

The CA November exam was conducted from 21 November to 14 December. The foundation course exam was conducted from 8 to 14 December, while the final course exam was conducted from 21 November to 6 December. The intermediate exam was conducted from 22 November to 7 December.

Ahead of the CA November exam, the ICAI had released an announcement for candidates who tested positive for COVID-19 and intended to appear for the examination. The ICAI has said it will take serious action against such candidates who not only endanger the health and safety of the candidates and exam personnel.

Here's how to check the CA November Result 2020:

Step 1: Candidates need to visit the official website icaiexam.icai.org.
Step 2: Once there, they need to click on CA November Result 2020 for final course link that is available on the homepage.
Step 3: Candidates will be redirected to a new page where they will have to enter login details.
Step 4: The result will be displayed on the screen and candidates must check the results and download the page.
Step 5: Candidates need to keep a hard copy of the results for future use.

According to an earlier notification by ICAI, for getting results through SMS< final examination candidates of the old course should type CAFNLOLD (space) XXXXXX (six-digit final examination roll number). For final exam candidates of new course, they should type CAFNLNEW (space) XXXXXX. Both should text it to 57575. The result websites, according to the notification are, https://ift.tt/NsQz9b, https://ift.tt/2OdW5xY, http://icai.nic.in.



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CEA asks govt to end forbearance window for borrowers, pitches for setup of 'bad bank' to deal with NPAs

Chief Economic Adviser KV Subramanian has made a strong case for setting up of a bad bank led by private sector to effectively deal with non-performing assets of the financial sector which may see a surge once regulatory forbearance to deal with the impact of COVID-19 is withdrawn.

The proposal to set up a bad bank has been under consideration of the government for long and some steps may be announced in the Budget 2021-22 to be unveiled by Finance Minister Nirmala Sitharaman on Monday in the Lok Sabha.

Bad bank refers to a financial institution which takes over bad assets of lenders and undertakes resolution. Lenders have been making a case for setting up a bad bank to ease out pressure of bad loans on them in these difficult times.

"The bad bank will certainly help in consolidating some of the non performing assets. It's important to also think about implementing the bad bank in the private sector that enables (faster) decision making," he told PTI in an interview.

Resolution of bad assets with alacrity in decision making often in the public sector is impacted because of the fear of 3Cs, he said.

3Cs refer to Central Bureau of Investigation (CBI), Central Vigilance Commission (CVC) and Comptroller and Audit General (CAG).

"So, the bad bank idea itself is actually something which is required at this point in time, but also designing it in the private sector actually has a lot more possibility for it to be effective," he said.

The Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.

Earlier this month, RBI Governor Shaktikanta Das indicated that the central bank can consider the idea of a bad bank to tackle non-performing assets (NPAs).

"If there's a proposal to set up a bad bank, the RBI will look at it. We have regulatory guidelines for asset reconstruction companies," Das had said.

Subramanian, the lead author of the Economic Survey 2020-21, has made a case for carrying out a fresh asset quality review (AQR) once the ongoing forbearances related to COVID-19 come to an end.

Any AQR exercise, the Survey said, must be accompanied by a round of bank recapitalisation.

Elaborating on the AQR exercise, he said that it amounts to recognising something bad that is cosmetically covered up.

"But the important message that is being made is that AQR has to be done. When AQR is done, the estimation or unearthing of bad assets actually has to be done well," he said.

The government must get rid of the forbearance window, provided by banks to borrowers due to COVID-19 induced economic challenges, as soon as the economy starts to revive as it is only an "emergency medicine" and not a "staple diet", the Survey suggested.

Financial regulators across the globe adopted the regulatory forbearance measures to tide over the economic challenges posed by COVID-19 and India was no expectation.

Once the forbearance policy was discontinued in 2015, the RBI conducted an AQR to know the exact amount of bad loans present in the banking system.

As a result, banks' disclosed NPAs increased significantly from 2014-15 to 2015-16. In the absence of forbearance, banks preferred disclosing NPAs to the restructuring of loans.



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Sanitation worker dies hours after getting COVID-19 vaccine in Gujarat’s Vadodara

Ahmedabad: A 30-year-old sanitation worker died around two hours after being administered a coronavirus vaccine in Gujarat's Vadodara on Sunday, following which authorities ordered a postmortem to ascertain the exact cause of his death, officials said.

While the family members of the deceased said they suspect that the COVID-19 vaccine was the reason behind his sudden death, officials said he might have died due to a heart attack as he had a history of heart disease since 2016 and was not taking medicines.

Jignesh Solanki was a sanitation worker at the Vadodara Municipal Corporation (VMC). He was vaccinated on Sunday morning. However, hours later, he fainted at home and was rushed to the SSG Hospital in the city, where he was declared brought dead by doctors, the officials said.

Solanki's wife Divya said, "I had no idea that he was going to be vaccinated. We had not discussed about it. After getting vaccinated, he returned home, but fainted while playing with our daughter. We suspect that his sudden death was caused due to the vaccination.” Medical Superintendent of SSG Hospital Dr Ranjan Aiyer said Solanki was administered the COVID-19 vaccine at a booth set up by the civic body, following which he was monitored for half an hour.

During that period, there were no signs of any adverse side effects. He was declared brought dead at the SSG Hospital, Aiyer said. "We have learnt that Jignesh had suffered from chest pain and was admitted to a private hospital nearly one-and-a-half years back. It is possible that he died due to heart attack as he had a history of heart disease. We will conduct his panel postmortem to ascertain the exact cause of death," he said.

Aiyer said if a patient does not declare his medical history, and is on medicines, then he should not be vaccinated as per the general guidelines. "As far as Jignesh is concerned, he had stopped taking medicines despite having a history of heart disease. On the basis of his medical history, we shall be able to get a better picture," he said.

VMC's medical officer of health Dr Devesh Patel said the postmortem report is awaited, which will ascertain the exact cause of Solanki's death. "The patient had a history of heart disease since 2016. His heart was weak, but he was not taking medicines, as his relatives told us," he said.

So far, more than 12,000 beneficiaries have been administered COVID-19 vaccine in Vadodara, but nobody has complained of any side effects, Patel added.



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Budget 2021 LIVE Updates: Nirmala Sitharaman may shift gear to achieve 11% growth in next fiscal, say experts

09:07 (IST)

Budget 2021 LATEST Updates

Nirmala Sitharaman arrives at the Ministry of Finance

09:04 (IST)

Budget 2021 LATEST Updates

A sneak peek to how the day will unfold today:

Here's a rough schedule of how things may unfold on Monday based on the practices so far. However, this is subject to changes due to COVID-19 safety protocols among other factors.

1) Finance Minister Nirmala Sitharaman and her team will leave the North Block
2) The finance ministry team will call on President Ram Nath Kovind at the Rashtrapati Bhavan and brief him about what's in store
3) Sitharaman will then head to Parliament
4) Cabinet will meet to pass the Budget at 10.15 am
5) At 11am, Lok Sabha Speaker Om Birla will convene the House sitting and invite the finance minister to present the Union Budget
6) The finance minister will address the House
7) The House will be adjourned for the day by the Lok Sabha Speaker
8) Prime Minister Narendra Modi may deliver a brief address to the nation and talk about the Budget. This has been the practice for the last few years

08:51 (IST)

Budget 2021 LATEST Updates

After pandemic disruption, time to focus on demand side of economy

Whichever way one may look at, the priority of FY 2022 Union Budget has to be and would be on getting the economy back on track. However, it is easier said than done, given the challenges and disruptions caused by the COVID-19
pandemic.

The FY 2021 Budget was presented well before the COVID-19 related disruption occurred. However, even at that time government finances were constrained and the government used the escape clause available under the Fiscal Responsibility and Budget Management (FRBM) Act to let the fiscal deficit of FY 2020 slip by 50 bp to 3.8 percent of GDP and budgeted the fiscal deficit for FY 2021 at 3.5 percent of GDP.

The budgeted deficit of 3.5 percent for FY 2021 was based on nominal GDP growth of 10.0 percent.

Read more here...

08:49 (IST)

Budget 2021 LATEST Updates

FM aims to revive pandemic-hit economy, raise spending on key sectors

Experts say Nirmala Sitharaman could unveil plans to shift the economy from survival mode to revival to meet projections of 11 percent growth rate in the next financial year that starts April, following a forecasted 7.7 percent contraction in the current fiscal.

08:29 (IST)

Budget 2021 LATEST Updates

Ninth Budget under NDA govt to focus on healthcare and infrastructure

Finance Minister Nirmala Sitharaman had earlier said her government's focus will be on economic growth by raising spending on sectors like healthcare and infrastructure amid the coronavirus pandemic.

The budget, the ninth under the NDA government, is also widely expected to focus on increasing spending on creation of jobs and rural development, generous allocations for development schemes, handing more money to the common man and easing rules to attract foreign investments.

08:05 (IST)

Budget 2021 LATEST Updates

Reintroduce single tax slab structure, raise minimum taxable income to Rs 7.5 lakh

The pandemic and the subsequent Work From Home policy has led to some employers offering allowances and reimbursement to employees. All eyes are on the upcoming budget for the next financial year as India looks to recover from the economic devastation caused by the coronavirus pandemic in 2020-21. It is widely expected that the government will prioritise spending in the next fiscal and ensure a smooth transition into growth territory in 2021-22.

Tax experts shared with Firstpost what they felt the government could announce by way of relief to employees.

Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP

The salaried class could be disappointed if it’s expecting a reduction in tax rates. In fact, it should brace itself for a COVID cess. However, relief in terms of spending- based deductions, more in line with the alternate mechanisms provided for LTA during the Atmanirbhar Bharat package to improve domestic demand, can be expected. The deductions, unlike the investments based in the past, could be more available on spending. An increase in health insurance deduction and COVID-related hospitalisation can be anticipated. Considering the moratorium provided for 6 months during the pandemic, there could be a retrospective amendment on deductions available on housing loan interest and principal repayment.

Read more here..

08:02 (IST)

Budget 2021 LATEST Updates

When and where to watch the Budget speech

Union Budget 2021 is scheduled to be presented in the Parliament on Monday with the Budget speech most possibly starting at 11 am. The live telecast of the Union Budget 2021 can be viewed on several platforms including Lok Sabha TV, Doordarshan, Rajya Sabha TV and PIB and the YouTube channels of these outlets.

The government has also launched the Budget App for Android and IOS mobile phones which will have all the information about the Budget. Firstpost will also cover live updates on it's special Budget coverage page, along with in-depth sector-wise analysis.

Click here to read more from Firstpost's Budget coverage

07:57 (IST)

Budget 2021 LATEST Updates

Nirmala Sitharaman to present Budget at 11 am

All eyes are on Finance Minister Nirmala Sitharaman, who will be presenting the Budget in Parliament at 11 am today (Monday). This will be the ninth consecutive annual budget presented before the country by the Narendra Modi government.

In the face of a slew of challenges ranging from a once-in-a-century pandemic, ensuing job losses, resentment among farmers and friction with neighbours, many expect Sitharaman to announce generous public spending but also make tough choices given a mountain of debt.

Union Budget 2021 LATEST Updates: The Budget is widely expected to focus on increasing spending on creation of jobs and rural development, generous allocations for development schemes, handing more money to the common man and easing rules to attract foreign investments.

All eyes are on Finance Minister Nirmala Sitharaman, who will be presenting the Budget in Parliament at 11 am today (Monday). This will be the ninth consecutive annual budget presented before the country by the Narendra Modi government.

In the face of a slew of challenges ranging from a once-in-a-century pandemic, ensuing job losses, resentment among farmers and friction with neighbours, many expect Sitharaman to announce generous public spending but also make tough choices given a mountain of debt.

Earlier in January, Finance Minister Nirmala Sitharaman had said that the budget for the FY2021 beginning April will be "like never before". In a significant break from tradition owing to the novel coronavirus, this year's financial statement will be completely paperless.

Sitharaman has also launched the "Union Budget Mobile App" for hassle-free access of Budget-related documents by Members of Parliament (MPs) and the public.

Meanwhile, India's gross domestic product (GDP) contracted by 23.9 percent in the first quarter of the financial year and as per the World Bank, the economy is estimated to contract by 9.6 percent in FY21, reflecting a sharp drop in household spending and private investment.

Since the last Budget, the size of the Indian economy has reduced from Rs 2.24 lakh crore nominal GDP considered in the FY2021 Budget to Rs 1.94 lakh crore.

However, the World Bank projected economic growth to recover to 5.4 percent this year.

It is important to note that the country's economy found itself caught up in a recessionary phase owing to the pandemic and the subsequent nationwide lockdown.

With inputs from agencies



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UP Police issues notices to 220 tractor owners; Opposition says move aimed at threatening farmers

Ballia (Uttar Pradesh): Around 200 tractor owners have been issued notices by the Uttar Pradesh police, prompting senior SP leader Ram Govind Chaudhary to allege that the move was meant to threaten the farmers.

The police, however, stated that the notices have nothing to do with the farmers' protest against the Centre’s new agriculture laws.

"Notices have been served to 220 owners of tractors in the Sikandarpur police station area. In the notice, it has been mentioned that the tractors were used on public roads for commercial work, and minors were driving them. As a result of this, there were road accidents. The tractors were also used in illegal mining,” Bal Mukund Mishra, SHO, Sikandarpur police station told PTI.

Asked if the police can issue such a notice, Regional Transport Officer Rajeshwar Yadav said he was not aware of any such thing.

Meanwhile, Leader of Opposition in Uttar Pradesh Legislative Assembly, Ram Govind Chaudhary said police are trying to threaten the farmers.

"The farmers have tractors, and they are going to the protest site by tractors. Police have issued the notices to hinder the farmers movement,” he alleged.



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Economic Survey 2021: Nirmala Sitharaman to table document in Parliament; when and where to watch

The Economic Survey 2021 will tabled today, 29 January, during the Budget Session of the Parliament. The Union Budget 2021 will be tabled by Finance Minister Nirmala Sitharaman on 1 February.

The Economic Survey is prepared by the Economic Division of the Department of Economic Affairs (DEA) under the guidance of the CEA and is approved by the finance minister once it is prepared.

While the Economic Survey is usually presented a day prior to the Union Budget, it is being tabled earlier before the House this year as the day before Budget is a Sunday. The Survey will give an estimation of the progress the Indian economy made during the preceding 12-month period and will feature the details and outcomes of the schemes and policies implemented by the government during the year under review. It will also provide hints as to what is in store for the economy in the coming period.

Finance Minister Nirmala Sitharaman will be presenting the Economic Survey 2020-21 in the Parliament and post presentation, the chief economic adviser (CEA) KV Subramanian will address a press conference at 2.30 pm in Delhi.

First presented in 1950-51 in the Lok Sabha, it used to be presented along with the Union Budget. However, since 1964, the ministry started releasing the survey a day prior to the budget day.

Rating agencies expect the government to factor in a wider deficit for the coming year in order to give the economy a fiscal stimulus to emerge faster from a world riddled by the COVID-19 pandemic. The government's stance on the recommendations of the Fifteenth Finance Commission may also play a key factor in the fiscal calculations for 2021-22.

The Commission's report on the transfer of finances between the Centre and States for the next five years is expected to be tabled.

The presentation of the Economic survey can be viewed on Lok Sabha TV or on YouTube and Twitter for the Economic Survey. The CEA Subramanian press conference at 2.30 pm can be viewed through PIB YouTube, Doordarshan or Twitter. The latest live updates on the Economy Survey can also be accessed on Firstpost.



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Expelled AIADMK leader VK Sasikala discharged from Bengaluru hospital after recovering from COVID-19

Bengaluru: Expelled AIADMK leader VK Sasikala was discharged from a hospital in Bengaluru on Sunday after recovering from COVID-19, days after she was set free by the prison officials on completion her jail term in a corruption case, authorities said.

The family has decided to take Sasikala, close aide of late Tamil Nadu Chief Minister J Jayalalithaa, to Chennai, sources close to her said, adding the hospital has advised her to be under self-quarantine for sometime.

Sasikala was admitted to the Victoria Hospital after she tested positive for COVID-19 recently while under judicial custody.

Prison authorities in Bengaluru had formally released her on 27 January after she completed the four-year jail term in a Rs 66 crore disproportionate assets case.

On the advice of doctors, she remained in the hospital and was discharged on Sunday after her latest test reports came negative for COVID-19, hospital officials said.

A huge crowd of her supporters greeted Sasikala as she came out of the hospital. More than 300 police personnel were deployed in the area
to ensure law and order, police said.

Sambasivan, one of her supporters from Hosur in the border district of Krishnagiri in Tamil Nadu, told PTI that this was like a festival for him. Her release comes ahead of the Assembly elections likely in April-May this year in Tamil Nadu.



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Farmers protest: Amarinder Singh calls for all-party meeting in Punjab on 2 Feb to show united front over stir

Chandigarh: Alleging that farmers from Punjab are being beaten up by police and "assaulted by goons" at their protest site on Delhi borders, Chief Minister Amarinder Singh called an all-party meeting on Tuesday to show unity and evolve a consensus on the way forward on the three contentious Central farm laws.

The meeting will be held at 11 am at Punjab Bhawan, according to a government statement issued Sunday. "This is not the time to stand on ego but to come together to save our state and our people," the chief minister told the parties.

As per the government statement, the meeting will discuss the situation arising out of the recent developments in the ongoing farmers' agitation in Delhi, especially in view of the Republic Day violence, "the Singhu border attack on farmers, and the massive vilification campaign against them".

Singh urged all parties to join the meeting in a spirit of unity, in support of the farmers and in the interest of Punjab. The chief minister said the "crisis" triggered by the farm laws was a matter of concern for the entire state and its people.

"Only through collective efforts of all Punjabis, and all the political parties of the state, can the crisis be tackled effectively and the farmers' interests be protected," he said.

"Our farmers are dying out there at the Delhi borders for more than two months now. They are being beaten up by the police and assaulted by goons. They are being harassed by being deprived of basic amenities," Singh said.

With a large number of farmers from Punjab at the receiving end of this battering, he said, it was imperative for all parties of the state to come together to evolve a cohesive strategy on the issue.

He expressed hope that all political parties in Punjab will put aside their differences to find a solution to the problem, which, he said, touches every Punjabi.

Farmers, mostly from Punjab and Haryana, have been camping at Delhi's borders for over two months now, demanding scrapping of the farm laws and a legal guarantee on the minimum support price for crops.

After briefly appearing to be fizzling out following the Republic Day violence in Delhi, the farmers' stir against the agri laws seems to be reviving with more and more of farmers groups heading to the national capital from various parts of Punjab and Uttar Pradesh.



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First time in 13 years, Delhi records most number of 'cold wave' days in January, says IMD

New Delhi: Delhi recorded seven "cold wave" days in January, the maximum in the month since 2008, the India Meteorological Department (IMD) said on Sunday.

In the plains, the IMD declares a cold wave if the minimum temperature dips to four degrees Celsius. A severe cold wave is when the minimum temperature is two degrees Celsius or less.

"The number of cold wave days in January this year was the maximum since 2008 when 12 such days were recorded," Kuldeep Srivastava, the head of the IMD's regional forecasting centre here, said.

Only one "cold wave" day each was recorded in 2020 and 2019. The city had recorded six "cold wave" days in January 2013.

Srivastava said only one western disturbance affected the plains of northwest India this January, leading to more cloudless nights and therefore, more "cold wave" days.

Clouds trap some of the outgoing infrared radiation, warming the ground. The minimum temperature falls in the absence of a cloud cover.

A cold wave swept the national capital on Sunday morning, with the minimum temperature dipping to 3.1 degrees Celsius.

This is the fourth "cold wave" day in Delhi in a week.

The minimum temperature settled at 2.1 degrees Celsius and 3.8 degrees Celsius in the national capital on Tuesday and Thursday respectively due to the cold and dry northwesterly winds barreling through the plains, the IMD said.

Cold wave conditions prevailed in Delhi on Friday too with the minimum temperature settling at four degrees Celsius, five notches below normal.

On New Year's Day, the city had recorded a minimum temperature of 1.1 degrees Celsius, the lowest for the month in 15 years.



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Farmers tractor rally violence: 38 cases filed, 84 arrested; a look at action taken by police so far across India

Five days since the violence during the farmers’ tractor day parade on Republic Day, a host of police cases have been filed in multiple states, including Delhi, Karnataka, Uttar Pradesh and Haryana. The Delhi Police have so far filed 38 cases and arrested 84 people in connection to the case.

FIRs have been filed in five states so far, the latest being in Delhi on Saturday, against Congress Lok Sabha MP Shashi Tharoor and six journalists over their allegedly “misleading” tweets on the violence and death of a protester during the farmers’ tractor rally in Delhi on Republic Day.

In addition to filing cases against journalists for 'misleading' tweets, police have also issued lookout notices against farmer leaders named in an FIR and invoked sedition charges in a case of the Red Fort incident.

Police file case against Shashi Tharoor, Rajdeep Sardesai across five states

Delhi

The Delhi Police has filed a case against Congress MP Shashi Tharoor, senior journalist Rajdeep Sardesai, The Caravan magazine and others for allegedly misleading the public. The case has been registered at the IP Estate police station under relevant sections of the Indian Penal Code, police said.

Uttar Pradesh

Last week, Tharoor and six journalists had also been booked by the Noida Police for sedition, among other charges, over the violence during the farmers' tractor rally in Delhi, officials had said.

The FIR was lodged at the Sector 20 police station in Noida following a complaint by a resident who alleged that "digital broadcast" and "social media posts" by these people were responsible for the violence during a tractor rally by farmers in the national capital.

The journalists named in the FIR are Mrinal Pande, Rajdeep Sardesai, Vinod Jose, Zafar Agha, Paresh Nath and Anant Nath

According to The Indian Express, the complainant stated that the accused spread fake news about protester Navreet Singh’s death in Delhi on 26 January by blaming Delhi Police to “instigate violence”.

Navreet Singh died of head injuries when his tractor toppled after hitting a police barricade. The post mortem ruled out any bullet injuries. The complainant stated that the “accused” posted tweets that day and spread fake news about Singh’s death by calling it “killing”.

Haryana

Another similar case was filed in Gurugram against the same people for their allegedly “misleading” tweets on the violence and death of a protester during the farmers’ tractor rally in Delhi on Republic Day.

Karnataka

In Bengaluru, a social activist named Rakesh Shetty, alias Rakesh BS, filed a complaint of sedition, criminal conspiracy and other charges against the same six journalists and Congress MP Shashi Tharoor.

According to the complainant, the tweets by those named in the FIR amounted to incitement, damaging of national integrity, creation of enmity between different religious groups and division in society.

As per The New India Express, the FIR stated, “The tweets have spread hate and disrupted national integration by spreading hate between religions, besides hurting religious feelings.”

Madhya Pradesh

As per The Indian Express, four separate FIRs have been filed naming Tharoor and the six journalists for allegedly instigating farmers with unverified and unauthentic information for “personal and professional advantage” in Madhya Pradesh

The FIRs have been registered in Bhopal, Hoshangabad and Betul districts, based on written applications by complainants who have submitted almost similar applications.

Delhi Police detain journalist 

On Saturday night, the Delhi Police detained a journalist from the Singhu border for allegedly misbehaving with a station house officer on duty at the protest site.

Mandeep Punia, a freelance journalist and contributor to the Caravan magazine, was detained while he was on an assignment to cover the clashes that broke out at Singhu on Friday.

Hours before his detention, Punia had posted a Facebook Live about the Singhu violence on Friday, detailing how men claiming to be locals had pelted stones at the protest site in full view of the police, reports The NewsMinute.

The police told PTI that some people, including Punia, were trying to remove the barricades put up to cordon off the site of farmers' protest at the Singhu border. The police have said that the journalist misbehaved with police personnel and was detained for the same.

Another journalist, Dharmender Singh from Online News India, was also picked by the police. The Indian Express reported that Singh was allowed to go later after he showed his identity card, while according to the Newslaundry, both Punia and Singh were taken to Alipur police station.

UP Police file FIR against journalist

The Uttar Pradesh Police has filed a case against The Wire’s Founding Editor Siddharth Varadarajan for tweeting an article published on the news website reporting that the farmer who was killed during a tractor rally on Republic Day had died in police firing.

The article, published on Friday, cited the family of Navreet Singh. They rejected the Delhi Police’s claims that the farmer had died after his tractor overturned. The family alleged that the man was shot.

The FIR was filed on a complaint by one Sanju Turaha, a resident of Rampur district, according to The Print.

On Saturday evening, the Rampur district magistrate had responded to Varadarajan’s tweet sharing the article. “We ardently request you to please let’s be sticking to facts and facts only,” he wrote. “We hope our request will be sincerely taken up by you.”

The official also attached a denial note by the three government medical officers who conducted the postmortem, claiming that none of them had spoken to anybody from the media, or made any statement about the autopsy.

Delhi Police issue lookout notices 

Last week, on Wednesday, the police named as many as 37 farmer leaders, including Swaraj India President Yogendra Yadav and Bharatiya Kisan Union’s Haryana unit President Gurnam Singh Chaduni, in the first information report in connection with the violence.

The FIR also named social activist Medha Patkar and Bharatiya Kisan Union Spokesperson Rakesh Tikait, according to a copy viewed by Scroll.in.

Other farmer leaders who have been listed in the FIR are Darshan Pal, Gurnam Singh Chanduni, Kulwant Singh Sandhu, Satnam Singh Pannu, Joginder Singh Ugraha, Surjeet Singh Phool, Jagjeet Singh Dalewal, Balbir Singh Rajewal and Harinder Singh Lakhoval.

Delhi Police file 38 cases so far

The Delhi police have registered 38 FIRs so far. Nine of these 38 FIRs were transferred to the crime branch of the Delhi Police for investigation, reports Scroll.in. The Delhi Police have also appealed to the public, including media personnel, to help identify those behind the violence, by sharing videos or photos of the incident with them.

Police had asked nine farmer leaders to join the investigation in the case on Friday, but no one turned up.

According to officials, the special investigation team of Delhi Police has asked farmer leaders Rakesh Tikait, Pawan Kumar, Raj Kishore Singh, Tajender Singh Virk, Jitender Singh, Trilochan Singh, Gurmukh Singh, Harpreet Singh and Jagtar Singh Bajwa to join the investigation. The notices were forwarded through WhatsApp to them.

The tractor march by farmers protesting against the three recent agriculture laws had turned violent on 26 January, leading to chaotic scenes on the streets of the national capital on Republic Day.

While the police have alleged that farmer leaders made inflammatory speeches, and were involved in the violence during the tractor parade, farmers have denied the allegations and blamed “antisocial elements” for the chaos.

With inputs from PTI



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Farmers tractor rally violence: 38 cases filed, 84 arrested; a look at action taken by Delhi Police so far across India

Five days since the violence during the farmers’ tractor day parade on Republic Day, a host of police cases have been filed in multiple states, including Delhi, Karnataka, Uttar Pradesh and Haryana. The Delhi Police have so far filed 38 cases and arrested 84 people in connection to the case.

Cases have been filed in five states so far, the latest being in Delhi on Saturday, against Congress Lok Sabha MP Shashi Tharoor and six journalists over their allegedly “misleading” tweets on the violence and death of a protester during the farmers’ tractor rally in Delhi on Republic Day.

In addition to cases against journalists over the violence, police have also issued lookout notices against farmer leaders named in an FIR and invoked sedition charges in a case of the Red Fort incident.

Police file case against Shashi Tharoor, Rajdeep Sardesai across five states

Delhi

The Delhi Police has filed a case against Congress MP Shashi Tharoor, senior journalist Rajdeep Sardesai, The Caravan magazine and others for allegedly misleading the public. The case has been registered at the IP Estate police station under relevant sections of the Indian Penal Code, police said.

Uttar Pradesh

Last week, Tharoor and six journalists had also been booked by the Noida Police for sedition, among other charges, over the violence during the farmers' tractor rally in Delhi, officials had said.

The FIR was lodged at the Sector 20 police station in Noida following a complaint by a resident who alleged that "digital broadcast" and "social media posts" by these people were responsible for the violence during a tractor rally by farmers in the national capital.

The journalists named in the FIR are Mrinal Pande, Rajdeep Sardesai, Vinod Jose, Zafar Agha, Paresh Nath and Anant Nath

According to The Indian Express, the complainant stated that the accused spread fake news about protester Navreet Singh’s death in Delhi on 26 January by blaming Delhi Police to “instigate violence”.

Navreet Singh died of head injuries when his tractor toppled after hitting a police barricade. The post mortem ruled out any bullet injuries. The complainant stated that the “accused” posted tweets that day and spread fake news about Singh’s death by calling it “killing”.

Haryana

Another similar case was filed in Gurugram against the same people for their allegedly “misleading” tweets on the violence and death of a protester during the farmers’ tractor rally in Delhi on Republic Day.

Karnataka

In Bengaluru, a social activist named Rakesh Shetty, alias Rakesh BS, filed a complaint of sedition, criminal conspiracy and other charges against the same six journalists and Congress MP Shashi Tharoor.

According to the complainant, the tweets by those named in the FIR amounted to incitement, damaging of national integrity, creation of enmity between different religious groups and division in society.

As per The New India Express, the FIR stated, “The tweets have spread hate and disrupted national integration by spreading hate between religions, besides hurting religious feelings.”

Madhya Pradesh

As per The Indian Express, four separate FIRs have been filed naming Tharoor and the six journalists for allegedly instigating farmers with unverified and unauthentic information for “personal and professional advantage” in Madhya Pradesh

The FIRs have been registered in Bhopal, Hoshangabad and Betul districts, based on written applications by complainants who have submitted almost similar applications.

Delhi Police detain journalist 

On Saturday night, the Delhi Police detained a journalist from the Singhu border for allegedly misbehaving with a station house officer on duty at the protest site.

Mandeep Punia, a freelance journalist and contributor to the Caravan magazine, was detained while he was on an assignment to cover the clashes that broke out at Singhu on Friday.

Hours before his detention, Punia had posted a Facebook Live about the Singhu violence on Friday, detailing how men claiming to be locals had pelted stones at the protest site in full view of the police, reports The NewsMinute.

The police told PTI that some people, including Punia, were trying to remove the barricades put up to cordon off the site of farmers' protest at the Singhu border. The police have said that the journalist misbehaved with police personnel and was detained for the same.

Another journalist, Dharmender Singh from Online News India, was also picked by the police. The Indian Express reported that Singh was allowed to go later after he showed his identity card, while according to the Newslaundry, both Punia and Singh were taken to Alipur police station.

UP Police file FIR against journalist

The Uttar Pradesh Police has filed a case against The Wire’s Founding Editor Siddharth Varadarajan for tweeting an article published on the news website reporting that the farmer who was killed during a tractor rally on Republic Day had died in police firing.

The article, published on Friday, cited the family of Navreet Singh. They rejected the Delhi Police’s claims that the farmer had died after his tractor overturned. The family alleged that the man was shot.

The FIR was filed on a complaint by one Sanju Turaha, a resident of Rampur district, according to The Print.

On Saturday evening, the Rampur district magistrate had responded to Varadarajan’s tweet sharing the article. “We ardently request you to please let’s be sticking to facts and facts only,” he wrote. “We hope our request will be sincerely taken up by you.”

The official also attached a denial note by the three government medical officers who conducted the postmortem, claiming that none of them had spoken to anybody from the media, or made any statement about the autopsy.

Delhi Police issue lookout notices 

Last week, on Wednesday, the police named as many as 37 farmer leaders, including Swaraj India President Yogendra Yadav and Bharatiya Kisan Union’s Haryana unit President Gurnam Singh Chaduni, in the first information report in connection with the violence.

The FIR also named social activist Medha Patkar and Bharatiya Kisan Union Spokesperson Rakesh Tikait, according to a copy viewed by Scroll.in.

Other farmer leaders who have been listed in the FIR are Darshan Pal, Gurnam Singh Chanduni, Kulwant Singh Sandhu, Satnam Singh Pannu, Joginder Singh Ugraha, Surjeet Singh Phool, Jagjeet Singh Dalewal, Balbir Singh Rajewal and Harinder Singh Lakhoval.

Police file 38 cases so far

The Delhi police have registered 38 FIRs so far. Nine of these 38 FIRs were transferred to the crime branch of the Delhi Police for investigation, reports Scroll.in. The Delhi Police have also appealed to the public, including media personnel, to help identify those behind the violence, by sharing videos or photos of the incident with them.

Police had asked nine farmer leaders to join the investigation in the case on Friday, but no one turned up.

According to officials, the special investigation team of Delhi Police has asked farmer leaders Rakesh Tikait, Pawan Kumar, Raj Kishore Singh, Tajender Singh Virk, Jitender Singh, Trilochan Singh, Gurmukh Singh, Harpreet Singh and Jagtar Singh Bajwa to join the investigation. The notices were forwarded through WhatsApp to them.

The tractor march by farmers protesting against the three recent agriculture laws had turned violent on 26 January, leading to chaotic scenes on the streets of the national capital on Republic Day.

While the police have alleged that farmer leaders made inflammatory speeches, and were involved in the violence during the tractor parade, farmers have denied the allegations and blamed “antisocial elements” for the chaos.

With inputs from PTI



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Chirag Paswan invited to Union Budget session meeting but won't attend due to health reasons, says LJP

 

New Delhi: Lok Janshakti Party (LJP) president Chirag Paswan is among the leaders invited to the National Democratic Alliance (NDA) meeting to discuss the ruling bloc's agenda for the Budget session of Parliament, party sources said.

However, Paswan will not be attending the meeting due to health reasons, they said, adding that he also skipped the all-party meet.

The invite to Paswan from Parliamentary Affairs Minister Pralhad Joshi to the meeting of the ruling Bharatiya Janata Party (BJP) and its allies assumes significance as it comes in the backdrop of the LJP walking out of the NDA in Bihar due to its opposition to Bihar chief minister Nitish Kumar and contesting the state Assembly polls on its own.

Though the LJP could win only one seat in the Bihar polls, it inflicted serious damage on the JD(U), the tally of which fell to 43 from 71, triggering a backlash from Kumar's party, with some of its leaders questioning if Paswan could still be in the NDA at the Centre.

A vocal supporter of Prime Minister Narendra Modi, Paswan has maintained that he remains an ally of the BJP at the Centre. Senior leaders of the saffron party had also criticised him for fielding candidates against the JD(U) in the Bihar polls.

The invite to Paswan for the NDA meeting indicates that the BJP, which has lost a few key allies, continues to see the LJP, which was founded by towering Dalit leader Ram Vilas Paswan, as a partner.



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Mann Ki Baat: Narendra Modi discusses importance of platform to create next-generation thought leaders and writers

New Delhi: Prime Minister Narendra Modi on Sunday said the country was very pained at seeing the dishonour to the Tricolour on Republic Day, referring to the religious flag incident at the Red Fort during the farmers' tractor parade.

In his monthly Mann ki Baat radio broadcast, Modi also said the government is committed to modernising agriculture and is taking many steps in this regard.

"In Delhi, on January 26, the country was very pained seeing the dishonour to the Tricolour," he said.

Thousands of protesting farmers had breached the monument on January 26 after deviating from their tractor rally route triggering a conflict with the police. A section of protesting farmers hoisted flags from some domes of the iconic monument in the National Capital.

During Mann Ki Baat, Modi also spoke about a platform to create next-generation thought-leaders and writers. He said that a scheme has also been announced to "attract, nurture and promote young writers who will tell our stories the way we want".

In his broadcast, the prime minister also said that India has not only rolled out the world's largest vaccination drive but is also vaccinating its citizens at the fastest rate.

The country has vaccinated over 30 lakh corona warriors in 15 days, he said, adding the US and the UK took 18 and 36 days to reach this figure.

He said the government is committed to modernising agriculture and is taking many steps in this regard. Modi added that the government's efforts in this direction will continue.

The prime minister's remarks come amid ongoing protests by thousands of farmers, mostly from Haryana, Punjab and Uttar Pradesh, at several border points into Delhi since November-end, demanding a repeal of the three new agri laws and a legal guarantee to the minimum support system for their crops.

Modi also touched upon the Padma awards announced last week, and said the country has continued the recent tradition of honouring unsung heroes.

The prime minister also hailed the Indian cricket team's performance in its historic series win in Australia, saying the team's hard work and teamwork was inspirational.



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Mann ki Baat: India was shocked to witness insult of tricolour on Republic Day, says Narendra Modi

New Delhi: Prime Minister Narendra Modi on Sunday said the country was very pained at seeing the dishonour to the Tricolour on Republic Day, referring to the religious flag incident at the Red Fort during the farmers' tractor parade.

In his monthly Mann ki Baat radio broadcast, Modi also said the government is committed to modernising agriculture and is taking many steps in this regard.

"In Delhi, on January 26, the country was very pained seeing the dishonour to the Tricolour," he said.

Thousands of protesting farmers had breached the monument on January 26 after deviating from their tractor rally route triggering a conflict with the police. A section of protesting farmers hoisted flags from some domes of the iconic monument in the national capital.

In his broadcast, the prime minister also said that India has not only rolled out the world's largest vaccination drive but is also vaccinating its citizens at the fastest rate.

The country has vaccinated over 30 lakh corona warriors in 15 days, he said, adding the US and the UK took 18 and 36 days to reach this figure.

He said the government is committed to modernising agriculture and is taking many steps in this regard. Modi added that the government's efforts in this direction will continue.

The prime minister's remarks come amid ongoing protests by thousands of farmers, mostly from Haryana, Punjab and Uttar Pradesh, at several border points into Delhi since November-end, demanding a repeal of the three new agri laws and a legal guarantee to the minimum support system for their crops.

Modi also touched upon the Padma awards announced last week, and said the country has continued the recent tradition of honouring unsung heroes.

The prime minister also hailed the Indian cricket team's performance in its historic series win in Australia, saying the team's hard work and teamwork was inspirational.



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Farmers' protests: Delhi Police detains freelance journalist Mandeep Punia at Singhu, claims he 'misbehaved' with cops

The Delhi Police detained Mandeep Punia, a freelance journalist, at the Singhu border protest site on Saturday. The police alleged that Punia had "misbehaved" with a station house officer (SHO) at Singhu, reports said.

Punia has written for The Caravan and Junputh. Citing purported videos of the detention, reports said that "police personnel in riot gear (were seen) dragging Punia away".

The Indian Express quoted police officials as saying that another journalist, Dharmender Singh, was also "briefly picked up and later let go after he showed his press ID".

"Punia was standing with the protesters and he didn’t have a press ID card. He was trying to move through the barricades which were kept to segregate and secure the area. An altercation broke out between police personnel and him. He misbehaved… there was some manhandling as well. He was then detained," the report further quoted a police official as saying.

An editor at The Caravan, Hartosh Singh Bal, tweeted that an FIR has been filed against Punia at the Alipur police station.

Prominent journalists and activists raised the issue of Punia's arrest on Twitter, demanding that he be freed from police custody.

The Delhi Police has filed cases against several journalists covering the two-month-long farmers' protest since the violence that broke out on Republic Day. Politicians like Congress MP Shashi Tharoor have also been booked for various charges, including sedition.

On Saturday, the Delhi Police filed a case against senior journalist Rajdeep Sardesai, The Caravan magazine, and Tharoor for allegedly misleading the public about the death of a protester at the ITO during the violence on Republic Day. The case has been registered at the IP Estate police station under relevant sections of the Indian Penal Code, PTI reported.

Earlier in the week, six journalists were booked by the Noida Police for sedition, among other charges, over the violence during farmers' tractor rally. The FIR was lodged at the Sector 20 police station in Noida following a complaint by a resident who alleged that "digital broadcast" and "social media posts" by these people were responsible for the violence.

The journalists named in the FIR are Mrinal Pande, Rajdeep Sardesai, Vinod Jose, Zafar Agha, Paresh Nath and Anant Nath. An unidentified person has also been named in the FIR.

With inputs from PTI



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Saturday, 30 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 October, crossed 80 lakh on 29 October, 90 lakh on 20 November and surpassed the one-crore mark on 19 December.

According to the ICMR, 19,65,88,372 samples have been tested up to 30 January with 7,50,964 samples being tested on Saturday.



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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.

Advocate Aditya Soni, the lawyer of Cutis-Biotech, said the order copy was not yet available, but operative order was read out in the court. "We will file an appeal against the order in the high court," he said.



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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 seen as part of the series of the four-five mini budgets," Modi said



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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 southern state is going for Assembly polls in April-May.

Her supporters expect their 'Chinnamma' as Sasikala is called by her supporters to gain control of the AIADMK, from which she was expelled as an interim general secretary.

The ruling AIADMK, led by Chief Minister K Palaniswami and his deputy O Panneerselvam, had time and again asserted that there was no scope for Sasikala being inducted again in the party.

After Jayalalithaa's death in December 2016, Sasikala was set to become the chief minister in early 2017 with the party naming her interim general secretary and following her election as AIADMK legislature party leader.

However, with the Supreme Court restoring the trial court's judgement convicting her in the assets case, she facilitated the election of Palaniswami as the AIADMK legislature party leader and made him the chief minister.

Before going to prison in Bengaluru, she had visited the mausoleum of Jayalalithaa in Chennai and made a dramatic vow, though she did not openly declare what it was all about.

Along with her sister-in-law J Ilavarasi and late Jayalalithaa's disowned foster son V N Sudhakaran, she was convicted in the Rs 66-crore disproportionate assets case which bars her from contesting elections for six years from the date of her release.

The 27 September, 2014 order of the Special Court awarding imprisonment and a fine of Rs 10 crore each was upheld by the Supreme Court on 14 February, 2017.



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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, this rule incentivises investors to book profits every year as opposed to staying invested for a longer period.

NPS Tax-saver to all investors

Last year, the Union Budget announced the launch of Tier-II of the National Pension Scheme (NPS). This had a shorter lock-in period when compared to the Tier-I lock-in requirement of up to retirement. However, Tier-II NPS funds were only made available to government employees.  After reducing the lock-in requirement, NPS funds can be compared with the Equity Linked Savings Scheme (ELSS) schemes. Hence, investors expect the government to make Tier –II available to all retail investors to give them an additional option of investing in a tax-saving equity-related fund.

Tax on dividends

In 2020, interest rates dropped, and several investors felt a significant strain on their fixed, regular income. Moreover, the government had scrapped the Dividend Distribution Tax (DDT) and made dividends taxable for all investors. Given the current state of the pandemic-hit economy, investors require an avenue to boost the fixed income section of their portfolios that can be easily replaced by equity shares of companies that have a history of offering good dividends. If the Budget manages to abolish tax on dividends or re-introduce DDT, then retail investors might start looking at equity investments for dividends as a replacement for fixed income too.

The Union Budget 2021-2022 will be the first one in the post-COVID world and the industry will be expecting concrete measures from the government in favour of a fast-tracked revival process for the economy. Particularly sectors such as retail, travel, tourism, and aviation, are facing an urgent need of a speedy recovery process in order to bounce back to normalcy. Increased and continuous support from the government in terms of enhanced infrastructure, enabling complete digitisation, and eradication of the aforementioned taxes will ensure that the Indian economy’s revival is well underway.

The writer is Co-Founder and COO, Groww



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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, but the history-sheet of innocent persons are opened," he added.

Khan was arrested in January 2020 after a speech he had delivered at the Aligarh Muslim University on 10 December, 2019 during the anti-Citizenship (Amendment) Act (CAA) protests. He was subsequently booked under the stringent National Security Act (NSA).

On 1 September, 2020, the Allahabad High Court had quashed Khan's detention under the NSA and ordered his immediate release, saying his speech at the Aligarh Muslim University (AMU) didn't promote hatred or violence.

In his video message, Khan also said he had written to the state government requesting it to reinstate him at his post in Gorakhpur's Baba Raghav Das (BRD) Medical College.

Khan hit the headlines after the 2017 tragedy at the BRD Medical College, in which several kids died due to lack of oxygen cylinders. Initially, he was hailed as a saviour for the children for arranging emergency oxygen cylinders but later, faced action, along with nine other doctors and staff members of the hospital, all of whom were released on bail later.



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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, at a meeting held on 20 January, had okayed the proposal for making Justice Ganediwala a permanent judge.

In two other judgments this month, Justice Ganediwala acquitted two men accused of raping minor girls after noting that the testimonies of the victims did not inspire confidence to fix criminal liability on the accused.

"No doubt the testimony of the prosecutrix (victim) is sufficient for a conviction of the accused. However, the same ought to inspire the confidence of this court. It ought to be of sterling quality," she said in one of the judgments.

Justice Pushpa Virendra Ganediwala was born on 3 March, 1969, at Paratwada in Maharashtra's Amravati district.

She was a panel advocate for various banks and insurance companies and was also an honorary lecturer in various colleges of Amravati and gave lectures to the MBA and LLM students of the Amravati University.

She was directly appointed as a district judge in 2007 and was elevated as an additional judge of the Bombay High Court on 13 February, 2019.

Besides the CJI, justices N V Ramana and RF Nariman are part of the three-member collegium, which takes decisions with regard to high court judges.



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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 economy. According to a survey report by FICCI, at least 9 percent Indians will be in jobs that do not exist currently and 37 percent of workforce will require radically changed skill sets to meet their employment demands.

Another report by McKinsey highlighted the fact that as many as 87 percent of surveyed executives said that their organizations were either experiencing skill gaps or were expecting them to happen within the next few years. The pandemic has emphasized the need to fill this gap and has put a spotlight on the need to re-skill and up-skill citizens across levels and sectors.

Hence, there is a need to grant appropriate stimulus to the skill development sector and ensure inclusive growth opportunities for all, as well as create a workforce that is ready to meet the global demands too.

Secondly, education infrastructure is another important segment which the Union Budget should focus on. The pandemic forced over 1.5 million schools across India to close overnight, emphasising the necessity for digital education. Although in the post-pandemic ecosystem, digital education has been embraced, India still needs to build capabilities to support blended learning completely. According to a UNICEF report, only 24 percent of Indian households have the internet to access e-education. Therefore, education infrastructure lending is a necessity to aid the development of K12 schools across the country.

As India shifts towards blended learning and the usage of technology become paramount, the government must consider granting ‘infrastructure status’ to education institutions to make quality education affordable and accessible for deserving Indian students. The focus from the government and easy availability of capital will induce an environment of innovation in the field of education, which can help bridge the demand and supply challenges in this sector.

Budget 2021 should implement reforms such as refinancing of retail education loans for lower ticket size. Such a financing scheme, similar to the one available to housing finance companies (HFCs), can provide a boost to the education loan segment and contribute to liquidity management for non-banking financial companies (NBFCs). This in turn would provide the necessary momentum for NBFCs to create a stronger customer proposition and contribute to building the economy at large.

The education sector is undoubtedly at the cusp of an exciting phase with policy push and technological advancements. We are positive about the growing inclination towards equitable and quality education and look forward to the upcoming Union Budget. We hope that the new directions will help bridge the existing educational gaps and secure a sustainable long-term growth structure that will further boost the economy.

The writer is CEO, Avanse Financial Services



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Kerala Lottery 2022: Akshaya AK-548 lottery result to be declared at 3 pm, first prize Rs 70 lakh

The Kerala Lottery Department will release the results of the Akshaya AK-548 lottery draw at 3 pm today, 11 May. The AK-548 lottery results...