Covid 3rd wave looms; peak likely in October; children at risk: MHA panel

News Network

August 23, 2021

The third wave of the COVID-19 pandemic might reach its peak in October, said a report submitted to PMO by a Ministry of Home Affairs panel. The report is drafted by the experts at the National Institute of Disaster Management (NIDM), which was set up by the Home Ministry.

The report further states that the paediatric facilities in the country, including doctors, staff, medical equipments like ventilators and ambulances will not be sufficient if a large number of children get infected, reported a leading daily.

The committee of experts has said that to battle the third wave of the pandemic, the Centre will need to prepare their resources keeping in mind 23 hospitalisations per 100 positive cases, if the COVID test positivity rate increases in the country once again.

The NIDM committee, headed by NITI Aayog’s VK Paul, has estimated that 20 percent of all the cases with severe or moderately severe symptoms might require hospitalisation.

Union Information and Broadcasting Minister Anurag Thakur, on Friday, said that the central government is fully prepared and equipped to tackle the third wave of COVID-19, and an allocation of over Rs 23 crores has been made for this purpose. He further stated that steps are being taken to strengthen the paediatric care and facilities in the country, as it is predicted that the third wave will have an impact on the under-18 population.

With the educational institutes across the country reopening in a phased manner, many citizens have expressed their concern regarding the impending third wave of the pandemic, which might have an adverse effect on the students.

Vaccine trials for those under the age of 18 are being conducted across the country. In a related development, the Drugs Controller General of India (DCGI) on Friday gave nod to Zydus Cadila's three-dose COVID-19 DNA vaccine for emergency use in adults and children aged 12 years and above, bringing in the sixth vaccine authorized for use in the country.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Adani Group in Crisis: $30 Billion Wiped Out after US Bribery and Fraud Charges Emerge

News Network

November 21,2024

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

Comments