India fears another covid catastrophe as cases continue to rise

Agencies
January 7, 2022

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Haunted by the spectre of last year's crisis, India is bracing for a deluge of Covid-19 cases, with authorities of various megacities bringing in restrictions in a bid to keep infections in check.

Case numbers have yet to match the enormous figures seen last spring, when thousands died each day and the Hindu holy city of Varanasi maintained round-the-clock funeral pyres for the mass cremation of virus victims.

But daily infections nearly tripled over two days this week to more than 90,000, a surge driven by the highly contagious Omicron variant that some experts worry could again see the country's hospitals overwhelmed.

An overnight curfew has been imposed in the Delhi area that includes the capital, where weekend movement restrictions will begin on Friday evening, with all non-essential workers asked to stay home.

Tech hub Bangalore has also declared a weekend curfew, while sprawling financial centre Mumbai introduced a night curfew.

"Even a small percentage of a large number of cases translates to a large number in absolute terms," Gautam Menon, a professor at India's Ashoka University who has worked on Covid infection modelling, told AFP.

"This could potentially stress out health care systems to levels comparable to or worse than the second wave."

Doctors and nurses who spoke to AFP have so far been optimistic, with fewer severe cases among those patients admitted to hospital -- and with the benefit of experience.

"Last year, we didn't know what exactly we were dealing with. I think now, mentally, it's a little better," one frontline worker at a Delhi hospital said.

Suresh Kumar, director of Lok Nayak Jai Prakash Hospital in the capital, where cases have quadrupled from a handful at the start of the week to 20, said the rise was "not a cause for panic".

Prime Minister Narendra Modi's administration has so far shied away from the drastic nationwide lockdown introduced during last year's catastrophic outbreak.

But local officials have watched the sharply rising case numbers with alarm and some of India's biggest urban centres have moved to impose restrictions again.

Earlier virus lockdowns were a hammer blow to the Indian economy and many are worried about the financial impact of new restrictions.

"I will be working only for 15 days this month," said Delhi resident Tumul Srivastava, whose office is subject to the 50 percent occupancy limits imposed by the city.

"My salary may be deducted. All this is adding to my anxiety."

India appears better placed to weather Omicron than it was ahead of the calamitous Delta wave it suffered last spring, when more than 200,000 people died in a matter of weeks.

Back then, hospitals ran out of oxygen and patients desperately scrambled to source medicine after a run on pharmacies.

In the time since, Indian health workers have injected nearly 1.5 billion vaccine doses, with government data showing nearly two-thirds of the country fully vaccinated.

That campaign, combined with last year's Delta sweep of towns and villages around the country, may help lessen the impact of the latest spread.

"Though we do not have data, this may give strong hybrid immunity against severe outcomes," University of Michigan epidemiologist Bhramar Mukherjee told AFP.

Preliminary studies have so far suggested the Omicron variant has led to less severe health consequences among those infected, despite its rapid spread.

Mukherjee warned however that an uncontrolled spread of new infections could still pose serious problems for India, even if the direct virus toll is a fraction of that seen last year.

"As you are witnessing in the US and UK, a major chunk of the working population being sick is affecting the societal infrastructure and leading to chaos," she said.

"I am afraid there may be a period in India when we see the same thing -- just the sheer volume may make the system crumble."

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News Network
November 22,2024

Mangaluru: A man fell victim to an online scam, losing Rs 1.7 crore after fraudsters posed as officials from TRAI. According to a complaint filed at the CEN police station, the incident began on November 11, when the complainant received a call from an unknown number at 9:49 am.

The caller, claiming to represent TRAI, alleged that another mobile number registered under the complainant's name was involved in illegal activities in Andheri (East), Mumbai. The caller further stated that an FIR was lodged against the complainant for harassment under the guise of marketing. He was instructed to contact Andheri (East) police station immediately or risk his mobile service being deactivated within two hours.

The complainant was subsequently connected to an individual named Pradeep Sawant, who claimed the complainant was implicated in a money laundering scheme linked to the Naresh Goyal fraud case. Sawant alleged that a fraudulent bank account under the complainant's name was opened at Canara Bank, Andheri, and used to purchase a SIM card for illegal activities. He warned that the complainant could face arrest.

Later, the complainant was contacted via WhatsApp video call by individuals posing as Rahul Kumar (a police officer) and Akanksha (a CBI officer). They allegedly sent fabricated CBI documents to his WhatsApp number. The fraudsters demanded money to "resolve" the case. Fearing threats, the complainant allegedly transferred Rs 1.7 crore through RTGS in batches of Rs 53 lakh, Rs 74 lakh, and Rs 44 lakh between November 13 and 19. A case has been registered at the CEN police station and an investigation is ongoing.

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News Network
November 21,2024

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After the US prosecutors charged Gautam Adani with bribery and fraud, Congress reiterated its call for a Joint Parliamentary Committee (JPC) probe into the transactions of the Adani group, and hit out at Prime Minister Narendra Modi, alleging an "internal nexus" between him and "his favourite businessman."

Senior Congress leader Jairam Ramesh said the indictment of Gautam Adani and others by the US Securities and Exchange Commission validates his party’s call for a Joint Parliamentary Committee investigation.

The Congress has been pushing for the probe since January 2023, raising concerns over alleged irregularities involving Adani and his business dealings, said Ramesh.

Ramesh referred to the party’s “Hum Adani ke Hain” series, where 100 questions were raised about the alleged scams and the links between Prime Minister Narendra Modi and Gautam Adani.
He noted that the questions remain unanswered, reiterating the need for accountability in the matter.

The US prosecutors have charged Adani with deceiving investors by concealing information about his firm's solar energy project in India, which allegedly involved bribery.

Adani has been charged with securities fraud and conspiracy, according to an indictment unsealed on Wednesday. The case focusses on an agreement between Adani Green Energy Ltd. and another organisation to supply 12 gigawatts of solar power to the Indian government.

'BETRAYAL OF INDIAN INVESTORS'

Congress leader Pawan Khera described the allegations against Gautam Adani and his conglomerate as a “betrayal of Indian investors.”

Taking to X, Khera outlined the US charges, including claims that Adani’s group bribed Indian government officials between 2020 and 2024 to secure contracts. Citing media reports, he also pointed out that Gautam Adani personally met a government official to advance the scheme.

Khera referred to a March 2024 incident where the Adani Group allegedly misled the Bombay Stock Exchange and the National Stock Exchange, calling it a “grave violation of investor trust.”

He further highlighted a March 2023 FBI raid on the premises of Sagar Adani, Gautam Adani’s nephew, where electronic devices were seized as part of the investigation.

'SEBI NOT ABLE TO PROVE ANY CHARGES AGAINST ADANI'

Shiv Sena (UBT) leader Priyanka Chaturvedi criticised central probe agencies following US charges against Gautam Adani and others in an alleged bribery case linked to solar energy contracts.

Chaturvedi raised concerns about corporate governance and regulatory oversight in the country. “They talk about corporate governance, responsibility, and accountability. The industrialists should be asked to follow the rules and regulations, but even the agencies were defending him. The SEBI has not yet been able to prove charges against him,” she said, pointing to what she viewed as failures in ensuring accountability.

'BROUGHT DISREPUTE TO INDIA'

On US charges against Gautam Adani, AAP leader Sanjay Singh called for a probe against the industrialist. He said that the probe should be conducted by an investigation agency under the Supreme Court.

"Adani Group has brought disrepute to India. This is a very serious matter. The PM of India should come forward and answer this. All the pending matters against Adani should be probed by an investigation agency under Supreme Court monitoring, and all the corruption done by him, within and outside the country, should come out before the country and action should be taken against him," he said.

BJP DFENDS

BJP IT cell chief Amit Malviya responded sharply to the Opposition’s criticism regarding allegations involving Adani Green Energy and US-based Azure Power. He pointed out that the charges in the indictment are only allegations and emphasised, “The defendants are presumed innocent unless and until proven guilty.”

Malviya argued that the crux of the case concerns agreements to supply 12 GW of power to the Solar Energy Corporation of India (SECI), contingent on SECI securing power purchase agreements with state electricity distribution companies (SDCs).

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News Network
November 21,2024

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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.

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