Diesel price rise may be imminent

April 25, 2012
Diesel

New Delhi, April 25: The price of diesel may go up as the government has agreed to make the prices “market determined.”

The announcement came on Tuesday in the Rajya Sabha in the form of a written reply by Minister of State Namo Narain Meena. The minister, however, said the government did not propose to deregulate prices of cooking gas.

“(The) government has, in principle, agreed to make prices of diesel market-determined. There is no proposal at present to fully de-regulate cooking gas prices,” Meena stated, sparking protests from BJP members. The members of the main Opposition party said the move would have a cascading effect on overall prices of commodities since diesel “is the basic transport fuel”. “The government wants to help the oil mafia by taking the in-principle decision on diesel price deregulation,” BJP vice-president Mukhtar Abbas Naqvi said.

Finance Minister Pranab Mukherjee said that thein-principle decision to deregulate diesel prices was taken as early as last June.

Mukherjee, while presenting the 2012-13 budget on March 16, vowed to reduce subsidies to less than 2 per cent in the current financial year (2012-13). High oil prices have swelled India’s subsidy burden to roughly 2.5 per cent of GDP.

While petrol prices have been linked to the market, the government’s control on pricing of diesel, LPG and kerosene has resulted in large public expenditure on subsidies.

The government control of diesel prices has been criticised by many in the past with the Reserve Bank of India (RBI) being the most vociferous. The prices should be decontrolled fully to contain the trade deficit, which was expected to widen to $185 billion during the current fiscal, RBI has said.

A couple of days ago, the government’s chief economic adviser Kaushik Basu suggested partial decontrol of diesel in order to mirror the rise and fall of the global oil prices.

“A phased deregulation of diesel prices is required in order to rein in runaway fiscal deficit, reduce growing under-recoveries of oil marketing companies and save the common man from a rather bigger pressure of inflation, which is only being momentarily suppressed due to the government’s current policies,” Crisil chief economist Deepak Joshi told Deccan Herald.

Tough pill

* Cooking gas exempt from proposal

* Decision to deregulate diesel prices was taken as early as last June, says finance minister

* Government control of diesel prices has been criticised by many in the past with the RBI being the most vociferous

* High oil prices have caused subsidy burden to swell up to 2.5 per cent of GDP

*Diesel basic transport fuel; move will have cascading effect on overall prices of commodities, cries Opposition BJP

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Agencies
July 30,2020

New Delhi, Jul 30: India witnessed a single-day spike of 52,123 COVID-19 cases as the total cases in the country reached 15,83,792, the Union Ministry of Health and Family Welfare said on Thursday.

The total cases include 5,28,242 active cases and 10,20,582 cured/discharged cases, the Health Ministry added.

A total of 775 deaths were reported in the last 24 hours taking the death toll to 34,968.

Maharashtra continues to be the worst-affected state as it reported 9,211 new COVID-19 cases 298 deaths on Wednesday. The total number of cases is now at 4,00,651 including 2,39,755 recovered cases, 1,46,129 active cases and 14,463 deaths.

The total number of cases in Tamil Nadu reached 2,34,114.

Delhi reported 1,035 COVID-19 cases yesterday, taking the total number of cases in the national capital to 1,32,275.

The total number of COVID-19 samples tested up to July 29 is 1,81,90,382 including 4,46,642 samples tested yesterday, said the Indian Council of Medical Research (ICMR).

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News Network
April 15,2020

New Delhi, Apr 15: As the world grapples with coronavirus, researchers have found the presence of a different kind of coronavirus -- bat coronavirus (BtCoV) --in two bat species from Kerala, Himachal Pradesh, Puducherry and Tamil Nadu, according to a study by the Indian Council of Medical Research (ICMR).

There is no evidence or research to claim that these bat coronaviruses can cause disease in humans, said Dr Pragya D Yadav, Scientist at the National Institute of Virology (NIV), Pune and also the first author of study.

The study has been published in the Indian Journal of Medical Research,

Twenty-five bats of Rousettus and Pteropus species from Kerala, Himachal Pradesh, Puducherry and Tamil Nadu were found positive for BtCoV in Kerala, Himachal Pradesh, Puducherry and Tamil Nadu.

"These bat coronaviruses have no relation with SARS-CoV2 responsible for the COVID-19 pandemic," Yadav said, adding that Pteropus bat species were earlier found positive for Nipah virus in 2018 and 2019 in Kerala.

"Bats are considered to be the natural reservoir for many viruses, of which some are potential human pathogens. In India, an association of Pteropus medius bats with the Nipah virus was reported in the past. It is suspected that the recently emerged severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) also has its association with bats," the objective of the study titled 'Detection of coronaviruses in Pteropus and Rousettus species of bats from different states of India' stated.

"In the present scenario of changing demography and ecological manipulations, it is challenging to have checks on the encounters of bats with other animals and humans," the study stated, highlighting that the need for active and continuous surveillance remains crucial for outbreak alerts for bat-associated viral agents with epidemic potential, which would be helpful in timely interventions.

"Although CoVs in the subfamily coronavirinae do not usually produce clinical symptoms in their natural hosts (bats), accidental transmission of these viruses to humans and other animals may result in respiratory, enteric, hepatic or neurologic diseases of variable severity. It is still not understood as to why only certain CoVs can infect people," the study said.

The scientists stressed on the need of proactive surveillance of zoonotic infections in bats.

The detection and identification of such viruses from bats also recommends cross-sectional antibody surveys (human and domestic animals) in localities where the viruses have been detected.

Similarly, if the epidemiological situation demands, evidence-based surveillance should also be conducted, the study said while emphasing on the need of developing strong mechanisms for working jointly with various stakeholders such as wildlife, poultry, animal husbandry and human health departments.

"In conclusion, our study showed detection of bat CoVs in two species of Indian bats. Continuous active surveillance is required to identify the emerging novel viruses with epidemic potential," Dr Yadav said.

Elaborating on the study, Dr Yadav said throat and rectal swab samples of two bat species -- Rousettus and Pteropus -- from seven states were screened for the bat coronvirus during which the representative samples collected from Kerala, Himachal Pradesh, Puducherry and Tamil Nadu tested positive while those from Karnataka, Chandigarh, Punjab, Telengana, Gujarat and Odisha came out negative.

The reverse-transcription polymerase chain reaction (RT-PCR) tests and sequencing were used for the confirmation of the findings.

"This is an ongoing study to understand the prevalence of the Nipah virus in bats," she said.

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News Network
February 1,2020

New Delhi, Feb 1: India has uplifted 271 million people out of poverty, Finance Minister Nirmala Sitharaman said on Saturday.

In her second Budget presentation, the finance minister said the Budget for 2020-21, is woven around aspirational India, economic development and caring society.

The government aims to achieve seamless delivery of services through digital governance, she added.

"We shall strive to bring ease of living for every citizen," Sitharaman said.

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