Govt takes steps to check dengue-like disease

July 11, 2013

Govt_takesBangalore, Jul 11: Acting swiftly on reports of a mysterious disease with dengue-like symptoms, the State Health Department has asked all the City hospitals to send samples to be tested at the National Institute of Virology.

Test results are expected to identify the ailment that has already claimed several lives, most of them children.

Dhanya Kumar, Director, Department of Health and Family Welfare, confirmed that the number of viral fever cases had gone up. “I have told my health officials to visit hospitals where the cases have been reported and look into both viral fever cases and dengue cases so as to get a better picture,” he said.

The disease has triggered worries not only in the City but also other parts of the State. Dr Deepak, a paediatrician in the Tarikere taluk of Chikmagalur district, said: “Last month, we saw around six-seven cases of children with the same symptoms. They were saved only because we detected the problem early.”

But three children in nearby villages were not so lucky. “They died with the same symptoms,” said the doctor.

Insisting that the health officials need to take action quickly, he noted: “While the samples for dengue are being collected from doctors and hospitals, these are not being sent to labs for testing. We understand that the laboratories have a lot of pressure, and also huge number of samples, but steps need to be taken for timely testing.”

Dr Deepak explained that in a majority of the cases, late diagnosis was the reason for death. Parents need to be very careful and not dismiss symptoms of vomiting in children.

Meanwhile, the Health Department is preparing to create more awareness among patients and doctors. “People need to be careful and maintain hygiene in their surroundings.”

“Also, we will ask doctors to be more alert when dealing with such cases,” said Dhanya Kumar.

In another development, Ramalinga Reddy, the minister in charge of the district, ruled out any fatalities among dengue patients.

Briefing reporters on Wednesday, Ramalinga Reddy said 78 cases of dengue were reported in the City from January to June, but none were fatal. More cases of dengue were seen in the City limits than in the rural areas.

Precautionary measure

As a precautionary measure, as many as 20,519 houses were identified harbouring larva-breeding water. A total of 14,141 houses were sanitised, according to statistics furnished by the minister.

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Agencies
June 19,2020

Srinagar, Jun 19: Suspended Jammu and Kashmir DSP Davinder Singh, arrested while ferrying two Hizb-ul-Mujahideen terrorists in a vehicle on the Srinagar-Jammu Highway earlier this year, was granted bail by a Delhi court on Friday, his lawyer said.

Singh and another accused in the case - Irfan Shafi Mir - were granted the relief by the court in a case filed by special cell of Delhi Police, noting that the probe agency failed to file charge sheet within 90 days from his arrest, as prescribed under law, their lawyer M S Khan said.

The bail was granted on a personal bond of Rs 1 lakh and two sureties of like amount.

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News Network
March 5,2020

Mumbai, Mar 5: Jet Airways founder Naresh Goyal and few others have been booked by the ED in a money laundering case even as the agency is conducting searches at his premises, officials said on Thursday.

They said a criminal case against the former chairman of the airlines has been filed under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a recent Mumbai Police FIR filed against him.

The Enforcement Directorate carried out raids at Goyal's premises in Mumbai on Wednesday and also questioned him after filing the case, they said.

The action is continuing, they added.

The Mumbai Police FIR pertains to charges of alleged fraud by Goyal and others against a Mumbai-based travel company.

Goyal has earlier been grilled by the central probe agency in a case filed under the Foreign Exchange Management Act (FEMA) in September last year.

The agency had carried out similar raids, under the FEMA, in August last year against Goyal, his family and others.

ED has alleged in the past that the businessman's empire had 19 privately-held companies, five of which were registered abroad.

The agency is probing charges that these firms allegedly carried out “doubtful” transactions under the guise of selling, distribution and operating expenses.

The ED suspects that expenses at these companies were allegedly booked at fake and high costs and as a result, they “projected” huge losses.

Alleged shady aircraft lease transactions with non-existent offshore entities are also under the ED scanner and it is suspected that Jet Airways made payments for lease rental to “ghost firms”, which purportedly routed the ill-gotten money in Goyal's companies.

A full-service carrier, Jet Airways shut its operations in April last year after running out of cash.

A month earlier, Goyal had stepped down as the chairman of Jet Airways.

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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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