Raids at oxygen supplier; Oppn asks Yogi to resign after death of 63 kids

Agencies
August 12, 2017

Gorakhpur/Lucknow, Aug 12: Raids are being conducted at a company which supplied oxygen cylinders to Gorakhpur's Baba Raghav Das Medical College, where 63 children have died over the last six days.

According to media, raids are being conducted at company supplying oxygen to the Baba Raghav Das Medical College in Uttar Pradesh’s Gorakhpur.

Earlier on Saturday, Congress demanded Uttar Pradesh Chief Minister Yogi Adityanath and Health Minister Siddharth Nath Singh's resignations, blaming the state government for its sheer failure in providing proper medical facilities to the patients in time, which led to death of 63 in Gorakhpur's Baba Raghav Das Medical College.

Talking to media in Gorakhpur, senior Congress leader Ghulam Nabi Azad said, "We are deeply saddened by the incident. The incident has left the whole nation in grief. What happened here was due to lapse on the Uttar Pradesh government. Adityanath and Health Minister Siddharth Nath Singh should immediately resign from their post."

Azad asserted that the Uttar Pradesh Government should apologise to the whole nation in regard to the same.

"Gorakhpur is the constituency of CM Adityanath. Considering, he is both the MP and CM, he must take moral responsibility and should resign. Same goes for Health Minister. Doctors are responsible for the incident," he said.

The Congress leader further informed that the suppliers who provide liquid oxygen were not given payment on time.

"Suppliers were not given money on time. Around 70 lakhs were due for payment," he added.

Azad further said Congress party had spent crores rupees to provide medical facilities in the hospital during the time of its ruling.

As many as 63 lives have been lost so far due to alleged disruption in the supply of liquid oxygen in the hospital.

The shortage of oxygen allegedly led to encephalitis, which is a sudden onset inflammation of the brain, following which the children died.

On Friday, it was reported that as many as 30 children lost their lives due to encephalitis in a span of 48 hours at the hospital.

Gorakhpur DM Rajeev Rautela said that the cause of the deaths at the BRD Hospital was the disruption in the supply of liquid oxygen and further appealed to the suppliers to not cut the supply henceforth.

Following this report, the Uttar Pradesh Government jumped in defence of the medical college, while also assuring that the District Magistrate has ordered a magisterial inquiry into the incident and the report will be out in 24 hours.

Meanwhile, according to data procured from the BRD hospital, in past five days - from August 7 to August 11, a total of 60 deaths have occurred in the hospital.

The procured data also shows the number of oxygen cylinders sent for refilling each day, showing a clear shortage of liquid oxygen in the hospital.

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News Network
June 24,2020

New Delhi, Jun 24: With the highest single-day spike of 15,968 cases and 465 deaths in the last 24 hours, India's COVID-19 count reached 4,56,183 on Wednesday.

According to the latest update by the Union Ministry of Health and Family Welfare (MoHFW), 14,476 deaths have been recorded due to the infection so far in the country.

The count includes 1,83,022 active cases, and 2,58,685 cured/discharged/migrated patients.

Maharashtra with 1,39,010 confirmed cases remains the worst-affected by the infection so far in the country. The state's count includes 62,848 active, 69,631 cured, discharged patients while 6,531 deaths have been reported due to the infection so far.

Meanwhile, the national capital's confirmed coronavirus cases reached 66,602.

2,301 deaths have been reported in Delhi due to the infection so far.

Tamil Nadu has reported 64,603 cases so far with the death toll reaching 833.

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News Network
June 3,2020

New Delhi, Jun 3: India registered its highest single-day spike in COVID-19 cases on Wednesday with 8,909 more cases reported in the last 24 hours, taking the country's tally to 2,07,615, while the death toll rose to 5,815 according to the Union Health and Family Welfare Ministry.

The number of active COVID-19 cases stood to 1,01,497 while 1,00,303 people have been cured/discharged/migrated.

According to the Union Health and Family Welfare Ministry, out of all the states, Maharashtra has recorded the highest number of coronavirus cases with 72,300 patients followed by Tamil Nadu with 24,586 cases.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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