Economic

Covid News Live Updates: Delhi reports 1,520 new Covid infections

Delhi reported 1,520 fresh Covid-19 infections, 1,412 recoveries, & one death, in the last 24 hours. Active cases rise to 5,716; positivity rate at 5.10%. Gujarat’s Covid-19 tally increases to 12,24,340 with 18 fresh cases: Health department official. Karnataka reports 126 fresh cases, 76 recoveries, and 2 deaths, in the last 24 hours. Tamil Nadu reports 49 new cases, 43 recoveries, and zero deaths in the last 24 hours.

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Scorching heat across Rajasthan; Dholpur hottest at 46.3 deg C

Rajasthan remained under the grip of scorching heat conditions on Saturday, with Dholpur recording a maximum temperature of 46.3 degrees Celsius, the highest in the state. Temperatures in many parts of the state settled around 45 degrees Celsius during the day. According to the meteorological department, Ganganagar recorded a maximum temperature of 46 degrees Celsius, Jaisalmer 45.9 degrees Celsius, Pilani 45.7 degrees Celsius, Sangaria (Hanumangarh) and Phalodi 45.6 degrees Celsius, Churu 45.5 degrees Celsius, Bikaner 45.2 degrees Celsius and Barmer 45.1 degrees Celsius.

Beijing building makeshift hospitals

Beijing is preparing to construct makeshift hospitals to cope with the latest upsurge of the novel coronavirus, said a press conference on Saturday. So far, about 4,000 beds have been reserved for COVID-19 infections in Beijing, and more venues are being transformed into large-scale makeshift hospitals in case of need, said Li Ang, deputy director of the Beijing Municipal Health Commission. The latest classifications have brought the total number of high-risk areas in Beijing to six and medium-risk areas to 23, said a press conference on local epidemic prevention and control work, reported Xinhua.

Free media in Afghanistan is ‘under attack’: UN Special Rapporteur

UN Deputy special envoy for Afghanistan criticized the arbitrary detention of journalists and media workers and said that free media in the country is under attack. While attending a meeting in Kabul on Saturday to mark the World Press Freedom Day that falls on May 3, Mette Knudsen, deputy special envoy of the UN described the current media situation in Afghanistan as “challenging”. She also called on the Islamic Emirate to respect the freedom of the free and independent media. Journalists and a UNESCO representative also attended the meeting in Kabul Saturday to mark World Press Freedom Day.

Punjab announces Rs 1,500 per acre assistance to farmers for direct seeding of paddy cultivation

Punjab Government on Saturday announced assistance of Rs 1,500 per acre of land to farmers for the direct seeding of paddy. Taking to Twitter, Punjab Chief Minister Bhagwant Mann said, “Today government has decided to give Rs 1,500 per acre assistance to every farmer doing direct cultivation of paddy. My appeal to farmer colleagues – Inspire your friends and relatives to do direct cultivation of paddy. This will increase the yield of paddy and we have to save the water of the soil of Punjab.” Notably, in direct seeding of paddy cultivation, pre-germinated seeds are directly drilled into the field. In this method of cultivation, flooding of fields is not done during sowing which saves water. Plus, this method of paddy cultivation is less labour-intensive.

55 new COVID-19 cases in Bengal

West Bengal on Saturday reported 55 new COVID-19 cases, which raised the tally in the state to 20,18,260, a bulletin issued by the health department said. The toll remained unchanged with no fresh fatality due to the disease reported from any part of the state, the bulletin stated. As many as 24 recuperated from the infection since Friday, pushing the total recoveries in the state to 19,96,693.

Ukraine says 14 released in prisoner swap

Seven Ukrainian soldiers and seven civilians have been released in a prisoner swap on Saturday with Russia, Ukrainian Deputy Prime Minister Iryna Vereshchuk said on social media. ““We’re bringing home 14 of our people: seven military personnel and seven civilians,”Vereshchuk wrote on Facebook and Telegram. “To me, this exchange is special: one of the female soldiers is five months pregnant.” As of Saturday afternoon, the swap had not been confirmed by official Russian sources.

Union Minister lays foundation for Ro-Ro facility at Cochin port

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, on Saturday laid the foundation for a Roll-On-Roll-Off (Ro-Ro) facility at Cochin Port. The new Ro-Ro facility, under the ‘Sagarmala’ scheme of the Union government, will be developed between Q1 berth and South Coal Berth on the Mattancherry Channel in Cochin Port. The Cochin Shipyard Limited (CSL) said once commissioned, the Ro-Ro facility will promote safe and sustainable transport facilities and will also promote affordable coastal movement of cargo which will result in decongesting the roads.

Over 189 crore Covid vaccine doses administered in India so far, says govt

The cumulative Covid-19 vaccine doses administered in India crossed 189 crore on Saturday, the Union health ministry said. Over 23 lakh vaccine doses were administered on Saturday till 7pm. The daily vaccination tally is expected to increase with the compilation of the final reports for the day by late at the night.

Delhi reports 1,520 new Covid infections

Delhi reported 1,520 fresh Covid-19 infections, 1,412 recoveries, and one death, in the last 24 hours. Active cases rise to 5,716; positivity rate at 5.10%.

Goa CM hails PM Modi’s call for promoting local languages in court proceedings

Goa Chief Minister Pramod Sawant on Saturday welcomed Prime Minister Narendra Modi’s call for encouraging the use of regional languages in court proceedings. “I welcome PM Narendra Modi’s decision that court proceedings should be conducted in regional languages,” said Sawant. While addressing the inaugural function of the joint conference of Chief Ministers of the States and Chief Justices of High Courts, the Prime Minister on Saturday said that the confluence of objectives of the legislature and judiciary will help in preparing a roadmap for an effective and time-bound judicial delivery system in the country while also stating that the court should encourage the use of local languages.

India vaccinates over 60 pc beneficiaries between 12-14 age group with 1st shot of COVID vaccine

Over 60 per cent of adolescents between the 12-14 age group of the country have received their first dose of the COVID-19 vaccine, said Union Health Minister Mansukh Mandaviya on Saturday. “Over 60 per cent of youngsters between the 12-14 age group have received the 1st dose of COVID-19 vaccine. Congratulations to all my young friends who got vaccinated. We all are proud of you! Let’s continue this momentum!” tweeted Mandaviya. Meanwhile, India’s COVID-19 vaccination coverage has exceeded 188.89 Cr (1,88,89,90,935) as per provisional reports till 7 am on Saturday, said the Ministry of Health and Family Welfare.

Iran says Iraq ready to pay debts for energy imports

Iraq is ready to pay its debts to Iran and the repayment procedure will begin in the coming days, Yahya Al Eshaq, chairman of the Iran says Iraq ready to pay debts for energy imports told the Iranian news agency IRNA on Saturday. Iraq would pay off 1 billion US dollars, mostly in energy bills, to the Iranian government via a mechanism developed by the Iranian central bank, Al Eshaq said. He noted that the Iranian private sector is receiving another 9 billion dollars of repayment from Iraq.

Working closely with govt to clarify ‘misunderstandings’, says Xiaomi as ED seizes Rs 5,551 cr assets

Reacting to the Enforcement Directorate (ED) crackdown and seizure of Rs 5,551.27 crore assets in India, Chinese telecom firm Xiaomi on Saturday said it is committed to working closely with the government authorities to clarify any “misunderstandings”. “As a brand committed to India, all our operations are firmly compliant with local laws and regulations. We have studied the order from government authorities carefully,” Xiaomi spokesperson said in a statement. “We believe our royalty payments and statements to the bank are all legit and truthful. These royalty payments that Xiaomi India made were for the in-licensed technologies and IPs used in our Indian version products. It is a legitimate commercial arrangement for Xiaomi India to make such royalty payments,” it said.

Delhi records second-hottest April in 27 years amid rising mercury

The national capital recorded the second-hottest April in the last 27 years as the temperature once again remained above 40 degrees celsius on Saturday. A severe heatwave gripped New Delhi as the city recorded 42.2 degrees celsius by 7.50 pm. According to Dr M Mohapatra, Director General of Meteorology, India Meteorological Department, the average maximum temperature over Northwest and Central India in April 2022 is the highest with 35.90 degrees Celsius and 37.78 degrees Celsius respectively in the last 122 years.

Maharashtra, West Bengal, Jharkhand owe the most dues to Coal India Limited

State power generating companies of Maharashtra, West Bengal, Jharkhand, Tamil Nadu, Rajasthan and Madhya Pradesh owe the most amount of money to Coal India Limited, sources said. The highest amount is owed by Maharashtra State Power Generation Company. Coal India Limited’s dues to Maharashtra State Power Generation Company stand at Rs 2,608.07 crore. Undisputed amount is Rs 2591.45 crore. The second highest amount is owed by West Bengal Power Development Corporation Limited, which has dues of Rs 1066.40 crore. Undisputed amount is Rs 955.54 crore, the sources said.

Trifurcation of current High Court of Punjab and Haryana under review

We have kept the topic of the trifurcation of the current High Court of Punjab and Haryana; if both the states could build their own High Courts and Chandigarh could also have a smaller High Court of its own. MHA will take the decision on our demand. Since the High Court of Punjab and Haryana is in Chandigarh, there’s a space constraint. So we raised the long-pending demand to have a separate High Court for Haryana. The good thing is, the Punjab CM (Bhagwant Mann) also agreed on this, said Haryana CM Manohar Lal Khattar.

MS Dhoni returns as CSK captain as Jadeja renounces post

Jadeja to handover CSK captaincy back to MS Dhoni, tweets Chennai Super Kings. MS Dhoni back as Chennai Super Kings captain as Ravindra Jadeja relinquishes position.

Ravindra Jadeja steps down as captain of Chennai Super Kings (CSK)

Bodies with hands tied found in Ukraine as Russia shells east

Ukrainian police on Saturday reported finding three bodies with their hands tied behind their backs as Russia continued shelling the east and Washington slammed Russian President Vladimir Putin’s “depravity”. The bodies were found on Friday in a pit near Bucha, a town close to Kyiv that has become synonymous with allegations of Russian war crimes. “The victims’ hands were tied, cloths were covering their eyes and some were gagged. There are traces of torture on the corpses, the Kyiv region police said in a statement on Saturday. All three men had been shot in the ear, it said.

State pension scheme beneficiary base more than doubles in Jharkhand since Dec 2019

Coverage under the State Pension Scheme (SPS) has more than doubled in the past two years in Jharkhand. The number of beneficiaries under different pension schemes, which was 6,60, 871 in December 2019, has risen to 14,34,314 in April 2022, an official release said. Under the Chief Minister State Old Age Pension Scheme, the number of beneficiaries rose from 3,45,168 on December 31, 2019, to 9,22,594 on April 28, 2022.

Centre to help states in ramping up judicial infrastructure: Kiren Rijiju

Union Law Minister Kiren Rijiju on Saturday said that the Law Ministry will readily assist the state governments in creating National Judicial Infrastructure Corporations at the state level, especially for district courts and lower judiciary. “We are ready to assist the state governments in creating National Judicial Infrastructure Authority at the state level, especially for district courts, lower judiciary subordinate judiciary,” Rijiju said while addressing a joint press conference. Further, he stated that the government has adopted certain resolutions unanimously. It is committed to ensuring that all the decisions and consensus arrived at this conference will be given full shape and support by all, he added.

Sports Minister Anurag Thakur reviews preparation for Chess Olympiad 2022

All India Chess Federation (AICF), the Indian Government and Tamil Nadu Government are ensuring that the forthcoming Chess Olympiad, scheduled in Chennai from July 28 to August 10, would be memorable for the country, the participants as well as the spectators. AICF secretary Bharat Singh Chauhan met the Union Sports Minister Anurag Thakur and apprised him of the undergoing preparations for the Olympiad which have been going in full swing. The meeting was also attended by Sandip Pradhan, Director General Sports Authority of India, Siddharth Singh Longjam, Joint Secretary, Sports and Pradeep A, Secretary Sports.

Dozens of buildings under lockdown as Beijing sees alarming surge of COVID cases

As China’s COVID cases continue to rise at an alarming rate, the Chinese capital, Beijing, has closed its schools and dozens of buildings remained under lockdown. As per the Chinese officials, a total of 200 cases have been logged in the Chinese capital since April 22. In a bid to contain the virus and to stamp out the local transmission of the virus, reported The New York Post. The Chinese mainland reported 1,410 new locally transmitted COVID-19 cases and 47 deaths in the past 24 hours, the National Health Commission said on Saturday.

1 million evacuated from Ukraine

Russia’s foreign minister says Moscow has evacuated over 1 million people from Ukraine since the war there began. The comments Saturday by Sergey Lavrov in an interview with Chinese state news agency Xinhua come as Ukraine has accused Moscow of forcefully sending Ukrainians out of the country. Lavrov said that figure included more than 300 Chinese civilians. Lavrov offered no evidence to support his claim in the interview.

Gujarat Dalit MLA Jignesh Mewani completes all bail formalities in Kokrajhar; to fly back to home state tonight.

Over 20 trapped, 39 missing in China building collapse; Prez Xi orders all-out efforts for rescue

At least 39 people were missing and 23 trapped in a six-storey residential building collapse in China’s central Hunan province, authorities said on Saturday. Chinese President Xi Jinping has ordered all-out efforts to rescue the trapped and injured people. Five people have been rescued and admitted to nearby hospitals. The six-story building, which has a floor area of about 700 square meters, toppled at noon on Friday in Changsha city’s Wangcheng district, state-run China Global Television Network reported.

Maharashtra reports 155 COVID-19 cases, one death

Maharashtra on Saturday reported 155 new coronavirus cases and one pandemic-related death, the state health department said. It took the caseload in the state to 78,77,732 and death toll to 1,47,843. There are 998 active cases in Maharashtra now. On Friday, the state had reported 148 new infections and two deaths. As many as 135 patients recovered during the day, increasing the tally of recovered cases to 77,28,891.

Hanuman Chalisa row: Bail plea of Rana couple likely to be decided on May 2

A special court here is likely to decide the bail plea of jailed Independent MP Navneet Rana and her MLA husband Ravi Rana on May 2. The couple had moved court seeking bail in an FIR registered by Mumbai police under provisions related to sedition and promoting enmity following their plan to recite Hanuman Chalisa outside Maharashtra Chief Minister Uddhav Thackeray’s private residence here. On Saturday, both prosecution and defence completed their arguments, after which Special Judge RN Rokade reserved the order for Monday.

Court denies pre-arrest bail to BJP leader Ganesh Naik

The Thane district court on Saturday refused to grant pre-arrest bail to BJP MLA Ganesh Naik in a case of rape and intimidation filed by a woman with whom he was allegedly in a relationship. District and Additional Sessions Judge N K Brahme pronounced the order. Two First Information Reports (FIRs) were registered against Naik, a former Maharashtra minister, in Navi Mumbai for alleged rape as well as for offenses under the Arms Act earlier this month.

As Afghanistan’s economy collapses, starvation grips children

According to the global organization, Save the Children, many people in Afghanistan are facing a severe food crisis during Ramzan and the most vulnerable are children. This comes as Afghanistan continues to face a severe humanitarian crisis and food shortages after the Taliban took over the country in August last year. Without enough food and the right nutrition, they can become malnourished which can lead to illness, infections, stunting, and death.

Private school bus catches fire in Jammu

A private school bus caught fire when it was parked on the premises in Jammu here on Saturday. “We noticed smoke in the bus which might be due to a technical fault or heat. The fire was controlled in half an hour,” informed school officials. All the students and teachers were safe as they were inside the school, added the school officials.

Centre not able to arrange coal, alleges Bhupesh Baghel

As several states report power outages amid the coal crisis, Chhattisgarh Chief Minister Bhupesh Baghel on Saturday slammed the Centre and alleged that it is not being able to arrange coal. Baghel, who is in Delhi, said that coal is being imported at high prices adding that the Centre is not giving royalty to states. The Chief Minister further alleged that the Cent

Dozens missing in China building collapse: state media

Dozens of people have been left trapped or missing from a building collapse in central China, state media reported Saturday, as search and rescue operations entered a second day. The six-storey building caved in on Friday afternoon in Changsha city, trapping 23 people, while 39 others remain uncontactable, state broadcaster CCTV reported.

YES Bank posts Rs 367 crore net profit for Q4 of 2021-22

Private sector lender YES Bank on Saturday reported Rs 367 crore net profit for the fourth quarter of 2021-22 against a loss of Rs 3,788 crore recorded in the corresponding period of the last year. YES Bank had posted Rs 266 crore net profit for the third quarter of 2021-22. The bank’s profit during the January-March 2022 period has increased by 38 per cent quarter-on-quarter. The bank’s profit has increased led by strong net interest income and a sharp decline in provisions.

Turkey air force pulls out of military exercise in Athens

Turkey’s air force has pulled out of a military exercise scheduled to be held in Greece next month, security sources said on Saturday alleging that preparatory documents singled out Ankara. The military exercise dubbed “Tiger Meet” is intended to promote solidarity between the participating states’ fleets and is held annually. This year, it will take place in Athens between May 9 and 20.

Delhi HC directs former SC judge to mediate in Oyo’s lease dispute

The Delhi High Court has appointed Justice Vikramajit Sen, former Supreme Court judge, as the sole arbitrator in a lease deed dispute involving Oyo Hotels and Homes Pvt Ltd.

Day after clashes, mobile internet suspended in Patiala, Punjab CM orders transfer of 3 police officials

Mobile internet services have been temporarily suspended on Saturday in Punjab’s Patiala, which a day ago witnessed clashes between two groups in which four people were injured. Three senior police officials have also been transferred in connection with the incident on the directions of chief minister Bhagwant Mann. CM Mann has directed the transfer with immediate effect of Inspector General of Police (IG) Patiala range, Rakesh Aggarwal, Senior Superintendent of Police (SSP) Patiala, Nanak Singh and Superintendent of Police (SP) Harpal Singh, according to a spokesperson from the chief minister’s office.

Ukraine fights to hold off Russian advances in south, east

Ukrainian forces fought on Saturday to hold off a Russian advance in their country’s south and east, where the Kremlin is seeking to capture the industrial Donbas region and Western military analysts said Moscow’s offensive was going much slower than planned. The United Nations continued trying to broker an evacuation of civilians from the increasingly hellish ruins of Mariupol, a southern port city that Russia has sought to capture since it invaded Ukraine more than nine weeks ago.

Mizoram reports 83 new Covid-19 cases

Mizoram on Saturday reported 83 new COVID-19 cases, 16 less than the previous day, pushing the tally to 2,27,419, a health department official said.The COVID-19 death toll remained at 696 for the third consecutive day on Saturday as the state did not report any new fatality.

Russian health minister warns about possible rise in Covid-19 infections in June

There is a high threat of a new increase in the number of COVID-19 infections in June, Russian Minister of Health Mikhail Murashko said on Saturday.”It is very important to get vaccinated because, according to our forecasts, there is a high risk of the increasing number of infections in June, maybe late May, because the collective immunity is weakening,” Murashko told reporters.

Paddy sowing in Punjab

Farmers who go for direct sowing of paddy will be provided aid of Rs 1500 per acre. Farmers can go for direct sowing of paddy from 20th May. I appeal to you to encourage your family and friends for the direct sowing so that groundwater can be conserved, says Punjab CM Bhagwant Mann

China manufacturing weakens further as lockdowns continue

China’s manufacturing activity fell to a six-month low in April as lockdowns continued in Shanghai and other manufacturing hubs in an attempt to stem COVID-19 outbreaks, according to a survey released Saturday. The monthly purchasing managers’ index, released by China’s National Bureau of Statistics, fell to 47.4 in April, down from 49.5 in March on a 100-point scale. Numbers below 50 show activity contracting. The domestic COVID-19 outbreaks have impacted China’s factory activities and market demand, said the bureau’s statistician Zhao Qinghe.

Malaysia reports 2,579 new COVID-19 infections, 6 new deaths

Malaysia reported 2,579 new COVID-19 infections as of midnight Friday, bringing the national total to 4,445,897, according to the health ministry. There are six new imported cases and 2,573 local transmissions, data released on the ministry’s website showed. A further six deaths have been reported, bringing the death toll to 35,542.The ministry reported 6,055 new recoveries, bringing the total number of cured and discharged to 4,360,061.

Matoshree-Hanuman Chalisa row

Mumbai Sessions Court starts hearing on bail applications of Navneet and Ravi Rana. Adv Rizwan Merchant & Abad Ponda are appearing for the Rana Couple & SPP Pradeep Gharat to argue for Khar Police Station.

ED attaches over Rs.5551 crore of Xiaomi Technology India Private Limited

Coal shortage

If there’s no shortage (of coal), why were the passenger train services shut? 23 goods trains from Chhattisgarh were cancelled, then when I talked to the Railway Minister, 6 trains were started, says Chhattisgarh CM Bhupesh Baghel

Drugs price hikes in Sri Lanka by 40 to 60 percent

Adding more burden to the staggering economy of the island nation, the Health Minister of the country Channa Jayasumana issued a special gazette order on Thursday stating a dramatic price hike in the pharmaceutical drugs, yet again shooting up the prices of 60 drugs up by 40 to 60 per cent, reported local media. This decision will impact the most commonly used medicines as their rates are expected to spike. Further, the Health Minister has instructed all the medical professionals to adhere to the gazette notification, maintaining the price, as reported by Colombo Page.

Govt e-Market (GeM) portal

  • Procurement orders by MoD through Govt e-Market (GeM) portal have reached an all-time high of Rs 15,047.98 cr for FY 2021-22. It is a jump of more than 250 percent over the last financial year, says Defence Ministry
  • GeM was started in August 2016 to revamp the old tender process and bring greater probity and transparency in government procurement through digitisation
  • In a short span since its inception, the MoD has embraced the digital drive and embarked on this path with absolute resoluteness. Despite multiple challenges on ground, the results have been astounding

Loudspeaker row

Everyone’s aware of our view, we never do any sort of interference in any religion: Bihar CM Nitish Kumar on the issue of removal of loudspeakers from religious places

Russia says strategic stability dialogue with U.S. formally ‘frozen’, says TASS

Dialogue between Moscow and Washington on strategic stability is formally “frozen”, the TASS news agency cited a Russian foreign ministry official as saying on Saturday. Vladimir Yermakov, head of nuclear non-proliferation and controls at the foreign ministry, told TASS those contacts could be resumed once what Russia calls its “special military operation” in Ukraine was complete.

Govt hasn’t reduced time gap for administering COVID ‘precaution dose’ from 9 to 6 months, say sources

The Government of India has not reduced the time gap for administering ‘precaution dose’ of COVID-19 vaccine from nine months to six months, official sources said on Saturday. According to some media reports, it was expected to discuss reducing the gap for booster doses in the National advisory group on Immunisation (NTAGI) meeting held on Friday, but sources told ANI on anonymity that no discussion was carried out during the NTAGI meeting. There are mixed views of experts over whether one should reduce the gap of a booster dose in India as per official data, less number of people have shown interest in getting a third dose as a precaution dose despite being allowed by the Government of India for those above the age of 18 years.

An open letter to PM Modi

  • 197 signatories consisting of 8 retired judges, 97 retired bureaucrats and 92 retired Armed forces officers have written an open letter to PM Modi against a letter by a self-styled Constitutional Conduct Group (CCG) calling for an “end to the politics of hate”.
  • It’s repeated effort to draw attention to themselves as citizens with higher sense of social purpose,whereas reality’s that this is manifest political anti-ModiGovt exercise this group undertakes in belief it can shape public opinion against ruling dispensation,the letter states.
  • “This is a way for them to release their frustration that public opinion remains solidly behind Prime Minister Modi as recent state elections have shown,” states the open letter from former judges, public servants and Armed Forces Officers to PM Modi.

Money laundering case

Enforcement Directorate (ED) has attached assets worth Rs 7.27 crores of Bollywood actor Jacqueline Fernandez, in a money laundering case involving jailed conman Sukesh Chandrashekhar. The attached property is a fixed deposit: Sources

Coal minister responds to Rahul Gandhi’s comment on coal shortage

Today we’re supplying 818 mn tonnes of coal. As demand increases, coal, power and railways ministeries working to expedite transportation of coal. Without knowing facts if he keeps talking, then I’ve nothing else to call him but a fake-astrologer: Union Minister Pralhad Joshi on Rahul Gandhi

Patiala violence update

On Saturday a protest demonstration was held outside the Shri Kali Devi Temple in Patiala, where two groups had clashed a day ago, after which the administration imposed a curfew in the area and temporarily shut down mobile internet services. Yograj Sharma, President of the Shiv Sena Hindustan, the group leading the protest told ANI: “The Hindus of Punjab are ready to protest. The Administration should not underestimate us on the basis of the number of people gathered here.” Mobile internet services were temporarily suspended today and on the directions of chief minister Bhagwant Mann three senior police officials have been transferred.

In Pics | General Manoj Pande takes charge as Army chief

Apple faces up to $8 bn revenue hit due to China lockdowns

The ongoing Covid-19 lockdowns in China are set to make a huge dent in Apple revenue for the April-June quarter as the company has indicated up to $8 billion loss in sales especially owing to the Shanghai lockdown. As Shanghai entered the second month of lockdown and more cities in China face pandemic restrictions, demand for Apple products in the country might slow further, reports Nikkei Asia. Apple CEO Tim Cook said in an earnings call this week that “we have estimated the constraints to be in the range of $4 to $8 billion and these constraints are primarily centred around the Shanghai corridor”.

India’s coal shortage

Central Coalfields Limited has more than 6 million tonnes of coal stocks. We’ve target of sending 1.85 lakhs tonnes per day to power plants in Punjab, Haryana, UP, Bihar and Jharkhand. Inter-ministerial group is monitoring situation. The situation is manageable, says PM Prasad, CMD, CCL

Defence Update

Gen Manoj Pande takes charge as new Chief of Army Staff, succeeding Gen MM Naravane

Above normal maximum temperatures are likely over most parts of west-central and northwest India and northern parts of northeast India: Dr. M Mohapatra, Director General of Meteorology, IMD



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