NEW DELHI (XINHUA, REUTERS) - India s Covid-19 tally reached 19,557,457 on Sunday (May 2), with a single day spike of 392,488 cases, said the federal health ministry.
As many as 3,689 deaths were recorded since Saturday morning, taking the total death toll to 215,542, with one more state going into lockdown as the nation’s creaky healthcare system is unable to cope with a massive caseload.
There are a total of 3,349,644 active cases in the country, with an increase of 80,934 through Saturday, while 15,992,271 people have been cured and discharged from hospitals so far across the country.
Indian hospitals, morgues and crematoriums have been overwhelmed as the country has reported more than 300,000 daily cases for more than 10 days straight. Many families have been left on their own to scramble for medicines and oxygen.
India asks state banks to protect dollar assets on Cairn concern
SECTIONS
India asks state banks to protect dollar assets on Cairn concernBy Suvashree Ghosh and Subhadip Sircar, Bloomberg
Last Updated: May 04, 2021, 11:31 PM IST
Share
Synopsis
Lenders aren’t committing to U.S. dollar purchases in the forwards market since this guidance last week, the people said, asking not to be identified discussing private deliberations. U.K.-based Cairn Energy can push authorities to impound Indian assets if the South Asian nation declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent to the Indian High Commission in the U.K. earlier this year.
UK, India seek to double trade
WIN-WIN TRADE: Seeking new trading partners, the UK announced ￡1 billion of extra trade with India, which the British government said would create 6,500 new jobs
Bloomberg
The UK and India said they want to double their trade by 2030, ahead of a virtual meeting between British Prime Minister Boris Johnson and Indian Prime Minister Narendra Modi yesterday.
Seeking new trading partners after leaving the EU, the British government revealed the ambition along with an announcement of ￡1 billion (US$1.4 billion) of extra trade with India, which it said would create 6,500 British jobs.
“Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer,” Johnson said in a statement.
Virus Second Wave Sweeps Away Modi’s House of Cards
For the past seven years, Indian Prime Minister Narendra Modi has privileged optics over substance. That strategy has now spectacularly failed.
By
May 04, 2021
Multiple funeral pyres of those patients who died of COVID-19 disease are seen burning at a ground that has been converted into a crematorium for mass cremation of coronavirus victims, in New Delhi, India, Wednesday, April 21, 2021.
Credit: AP Photo
Advertisement
Since campaigning for prime minister for the first time in 2013-2014, Indian Prime Minister Narendra Modi’s argument for seeking and staying in power has involved several slogans: “good days are coming,” “development of all, appeasement of none,” “minimum government, maximum governance,” and so on all of them building on his pledge of “good governance.” His Bharatiya Janata Party’s (BJP) public relations machinery, along with friendly media organizations, have
Indian authorities asked state-run banks to protect their dollar deposits on concern they could be frozen if Cairn Energy Plc moves to seize India’s offshore assets as part of a tax dispute, according to people with knowledge of the matter. Lenders aren’t committing to US dollar purchases in the forwards market since this guidance last week, the people said, asking not to be identified discussing private deliberations. UK-based Cairn Energy can push authorities to impound Indian assets if India declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent to the Indian High Commission in the UK earlier this year.