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YSR Cong leads in AP bypolls; Cong, TDP fighting in 2 seats

June 15, 2012

jagan


Hyderabad, June 15: YSR Congress Party candidates maintained leads in about 15 Assembly seats, while Congress and TDP were giving a tough fight in two seats as the counting progressed today in the bypolls held in Andhra Pradesh for 18 Assembly segments and one Lok Sabha constituency.

A close contest was on between the candidates of YSRCP and Congress in Narsapuram in West Godavari district and Ramachandrapuram in East Godavari district, where lead positions were changing frequently.

TDP nominee was ahead in Ongole in Prakasam district.

As the counting of votes moved into the third and fourth rounds, YSRCP nominees were leading in three constituencies of Rayachoti, Kodur and Rajampet.

YSRCP candidate was leading in Kodur by 4,849 votes after the completion of third round, the party candidate was ahead by 18,555 votes after fifth round in Rayachoti. In Rajampet, YSRCP is leading by 12,211 votes after fourth round.

In Payakaraopet, YSRCP was leading by 8,867 votes after sixth round.

In Narasannapet, YSRCP was leading by 1,995 votes after seventh round.In Polavaram, YSRCP was ahead by about 10,000 votes after fifth round. The YSRCP was leading by 1,150 votes in Narsapuram.

In Anantapur, YSRCP was leading by 10,000 votes after sixth round and by 13723 votes in Rayadurg after sixth round.

In Allagadda and Yemmiganur seats in Kurnool district too, YSRCP nominees were ahead of their rivals. The Jaganmohan Reddy-led party was also ahead in Prathipadu and Macherla in Guntur district.

In Nellore Lok Sabha constituency, YSRCP candidate was leading as per initial trends.

In Parkal Assembly segment, the lone seat in Telangana, TRS continued to maintain its lead.

Bypolls to 16 of the 18 Assembly constituencies were necessitated as sitting Congress MLAs were disqualified by the Assembly Speaker for switching loyalty to YSR Congress chief Jaganmohan Reddy and voting against the Congress government during a no-trust vote in December.

Also, actor-turned-politician Chiranjeevi resigned as MLA following his election to Rajya Sabha that caused bypoll in another seat.

The sitting Congress MP quit in support of Jagan which necessitated by-election for Lok Sabha constituency in Nellore.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
June 25,2020

New Delhi, Jun 25: After the Drug Controller General of India (DCGI) given its approval to manufacture and market the generic version of COVID-19 drug Remdesivir, COVIFOR, Hyderabad-based drugmaker Hetero Limited has delivered the first set of 20,000 vials in two equal lots of 10,000 each across 5 states.

The first batch, which is being marketed under the brand name of COVIFOR, was delivered to Maharashtra, Delhi, Gujarat Tamil Nadu and Hyderabad. Hetero has set a target to produce one lakh vials of the drug in two-three weeks.

The other lot would be supplied to Kolkata, Indore, Bhopal, Lucknow, Patna, Bhubaneshwar, Ranchi, Vijayawada, Cochin, Trivandrum and Goa within a week to meet the emergency requirements.

Managing director of Hetero Healthcare M Srinivasa Reddy said “the launch of Covifor in the country is a milestone in addressing public health emergencies. Through Covifor, we hope to reduce the treatment time of a patient in a hospital thereby reducing the increasing pressure on the medical infrastructure overburdened ue to accelerating COVID-19 infection rates," he said as reported by news agency.

"We are closely working with the government and the medical community to make Covifor quickly accessible to both public and private healthcare settings across the country”, Reddy said.

Covifor is a generic brand of Remdesivir which is used for the treatment of COVID-19 in adults and children hospitalised with strong symptoms of the disease. The Health Ministry had, on June 13, recommended the use of anti-viral drug Remdesivir in moderate stage of COVID-19.

Dr Reddys Laboratories and Hetero are among others which have separately entered into non-exclusive licensing agreements with the original drug-maker Gilead Sciences Inc to register, make and sell the investigational drug Remdesivir in India and other countries.

Remdesivir would be made in the company's formulation facility in Hyderabad, which has been approved by global regulatory authorities such as US Food and Drug Administration (USFDA) and EU, among others, Hetero had earlier said.

The treatment first showed improvement in trials on coronavirus patients and was approved for emergency use in severely ill patients in the United States and South Korea.

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News Network
March 23,2020

New Delhi, Mar 20: Prime Minister Narendra Modi on Monday appealed to state governments to ensure that rules and regulations of the coronavirus lockdown are enforced as he noted that many people are not taking the measure seriously.

"Many people are still not taking the lockdown seriously. Please save yourself, save your family, follow the instructions seriously. I request state governments to ensure rules and laws are followed," he said in a tweet in Hindi.

The Centre and state governments have decided to completely lock down 80 districts across the country where coronavirus cases have been reported.

Uttar Pradesh, Maharashtra, Punjab, Karnataka, Tamil Nadu and Kerala announced lockdown in many districts.

Delhi will be locked down from 6 am on March 23 till midnight on March 31.

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