Inside Out: A deep dive into MTAR Tech

In this brand new offering, ‘Inside Out’ – the focus will be on individual stocks, with in-depth analysis, deep dive into financials, and will also discuss the key risk and triggers going forward.

In this episode, the spotlight is on an outperformer of 2021, it was a new listing – MTAR Technologies. The IPO was subscribed close to around 200 times odd, the stock listed in March at more than Rs 1,000 per share. However, since then the stock is up close to around 130 percent.

Watch accompanying video for more.

 5 Minutes Read

Turkey’s inflation hits a 19-year high of 36%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The Turkish Statistical Institute said the consumer price index increased by 13.58% in December from the previous month, further eroding people’s purchasing power. The yearly increase in food prices was 43.8%, the data showed.

Turkey’s yearly inflation climbed by the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday.

The Turkish Statistical Institute said the consumer price index increased by 13.58% in December from the previous month, further eroding people’s purchasing power. The yearly increase in food prices was 43.8%, the data showed.

The yearly inflation rate was the highest since September 2002.

Inflation has been rising in the country while the Turkish lira has been slumping to record lows after the country’s central bank under pressure from President Recep Tayyip Erdogan cut a key interest rate by 5 percentage points in September.

The weakened lira has made imports, fuel and everyday items more expensive and has left many in the country of some 84 million struggling to buy food and other basic goods. Many have been purchasing foreign currencies and gold to protect their savings.

Also Read | World economy to top $100 trillion in 2022 for first time: Report

Last month, Erdogan announced measures to safeguard lira deposits against volatility after the Turkish currency hit an all-time low of 18.36 against the dollar. The lira rebounded following the announcement but has since lost some of those gains. The lira depreciated by around 44% against the dollar last year.

Erdogan insists on lowering borrowing costs to boost growth, even though economists argue that higher interest rates is the way to tame soaring prices.

Meanwhile, the independent Inflation Research Group, made up of academics and former government officials, put the yearly inflation rate at a much higher 83%. It said consumer prices rose by 19.35% in December compared with November.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Coal India gains; 3 factors aiding the stock; check details

India amends power policy draft to halt new coal-fired capacity: Report

Coal India surging after a healthy business update from the miner for December and also, higher global prices are an additional tailwind given Indonesia’s ban on coal exports.

The stock is buzzing on the back of the following big factors:

Its performance in December 2021 was good with an off-take in excess of 15-16 percent on year on year (YoY) basis.

the global news also seems to be playing a role as Indonesia has banned thermal coal export. This has sparked off hope that global coal prices will move higher in the near term and could possibly have some positive rub off on e-auction prices.

Also Read: Will try to give maximum dividend payout to investors: Coal India

Coal India has always enjoyed valuations support as it trades at just 6-7times FY23 EPS, 3 times EV/EBITDA and a dividend yield of more than 10 percent.

Also Read: India’s largest coal block in Bengal will displace nearly 21,000, 43% of them from ST

Watch the accompanying video of CNBC-TV18’s Nigel Dsouza for more details.

 5 Minutes Read

India seeks emergency meeting of WTO’s General Council this month to discuss COVID package

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Expressing disappointment over no progress on TRIPs (Trade-Related Aspects of Intellectual Property Rights) waiver proposal to deal with the pandemic, India has called for including this proposal into WTO’s proposed response package.

India has sought an emergency meeting of the General Council of the World Trade Organization (WTO) this month in Geneva to deliberate upon the world trade body’s proposed response package, including patent waiver proposal, to deal with the pandemic amid rising coronavirus infections globally, an official said.

The General Council is WTO’s highest decision-making body in Geneva. It meets regularly to carry out the functions of WTO. It has representatives (usually ambassadors or equivalent) from all member governments and has the authority to act on behalf of the ministerial conference which only meets about every two years.

Also Read: India to challenge WTO decision on sugar export subsidies; all you need to know

WTO is a 164-member multilateral body which formulate rules for global exports and imports and adjudicates disputes between two or more than two countries on trade-related issues. Expressing disappointment over no progress on TRIPs (Trade-Related Aspects of Intellectual Property Rights) waiver proposal to deal with the pandemic, India has called for including this proposal into WTO’s proposed response package.

Also Read: India imposes antidumping duty on 5 Chinese goods for 5 years

In October 2020, India and South Africa submitted the first proposal, suggesting a waiver for all WTO members on the implementation of certain provisions of the TRIPs agreement in relation to the prevention, containment or treatment of COVID-19. In May 2021, a revised proposal was submitted. TRIPs came into effect in January 1995. It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and protection of undisclosed information or trade secrets.

“We have sought an emergency meeting of the General Council to discuss the WTO’s response package to deal with COVID-19 pandemic including patent waiver proposal. WTO will start its meetings from January 10 and we have suggested convening the meeting immediately,” the official said. According to a UNCTAD Trade and Development report, developing countries will, by 2025, be as much as USD 8 trillion poorer because of the COVID-19 crisis, and the burden of delayed vaccination estimated at USD 2.3 trillion in terms of lost income will be borne mostly by developing countries.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Some iPhone 14 models this year to sport a hole-punch display, says Mark Gurman

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Tech journalist Mark Gurman says that the iPhone 14 models that will be launched this year will ditch the notch design in some phones and sport a hole-punch display. He also said that we can expect to see a redesigned MacBook Air with an M2 chip and an iPad Pro with wireless charging this year.

Tech journalist Mark Gurman has reiterated that the iPhone 14 models that will be launched this year will ditch the notch design in some phones and sport a hole-punch display, MacRumors reported.

In his latest newsletter and tweet, Gurman, who writes for news agency Bloomberg, said 2022 is likely to see a redesigned MacBook Air with an M2 chip, an iPad Pro with wireless charging, and some iPhone 14 models with the hole-punch display design.

Unlike the notch design, a hole-punch display design houses the front-facing camera(s) like a cutout portion of the physical display. The cutout portion is not part of the phone’s outer real estate, but placed within the display with the screen surrounding it as in the Honor View 20 and Samsung Galaxy A8s.

Since 2017, Apple has been using the notch in front in its iPhones with necessary equipment for facial scanning. This will be removed in the 2022 models, which are likely to carry Face ID under the display.

Other Apple analysts have also spoken about the notchless design with Ming-Chi Kuo of TF International Securities first reporting the bold design change in Pro models in March 2021. In a research note seen by MacRumors in September 2021, Kuo said that he expected Apple to launch iPhones with under-screen touch in the second half of 2023 instead of 2022 and the first foldable Apple iPhone in 2024.

ALSO READ | CCI orders anti-trust investigation into Apple over App Store policies

Korean electronics industry media outlet The Elec corroborated Kuo’s claims in a recent report and said the two regular models — iPhone14 and iPhone14 Max — will continue to have the notch design like the versions on the iPhone 13 series.

Apart from the hole-punch display design, Gurman has predicted a new iPad Pro design with wireless charging and additional update to the iPad Air and entry-level model. He said Apple is planning the biggest MacBook Air revamp in the product’s history, adding a new design and the M2 chip that will be “marginally faster” than the M1 chip.

According to Gurman, the M2 chip will continue to have an 8-core CPU like the M1 chip, but will replace the 7-core or 8-core GPU options in the current MacBook Air with a 9-core or 10-core GPU.

ALSO READ | Apple to launch iPhones without SIM card slot by September 2022: Report

Gurman also expects the third generation iPhone SE with 5G support this year, which Kuo believes will be launched in the first half of 2022.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Sanjeevani Champion: Himachal Pradesh’s Dr Manoj Verma

Himachal Pradesh’s remotest district Lahaul and Spiti is one of India’s coldest regions. In winters temperatures drop to -25 degrees centigrade. Even in these conditions, Dr Manoj Kumar Verma worked relentlessly, testing people against COVID-19 and vaccinating beneficiaries.

Network18 and Federal Bank’s Vaccine Awareness Campaign Sanjeevani – A Shot of Life – caught with the young doctor, for going beyond the call of duty. Dr Manoj Verma is our Sanjeevani Champion.

Watch accompanying video for more.

 5 Minutes Read

Ola Electric scooters: Claims vs reality

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Ola Electric, which kicked off deliveries on the 15th of December, claims to have dispatched 4,000 scooters in December. It has also claimed the vehicle has an ARAI-certified range of 181 km. However, CNBC-TV18 has found the company is sitting on an order book of 90,000 scooters and the scooter’s range in real-world conditions is much less.

Ola Electric has a booking backlog of approximately 90,000 units of S1 and S1 Pro electric scooters, CNBC-TV18 has found. The company, that kicked off deliveries on December 15, claims to have dispatched 4,000 units in December, all ordered during the first purchase window. However, the vehicle registration data on the VAHAN portal shows it has delivered some 275-300 scooters only.

Further, during the promotional campaigns, Ola had claimed its S1 Pro Scooter has an impressive range of 181 km. It still advertises this Automotive Research Association of India (ARAI)-certified range of 181 km on its website. However, what the website does not say is the range was achieved under lab conditions. And that there could be a 24-25 percent difference in real-world conditions. When the deliveries finally began in December, Ola told the customers the true range is 135 km.

Also Read // Hypercharger will be free for Ola e-scooter users till June 2022, says CEO Bhavish Agarwal

Moreover, this 135 km can only be achieved under certain conditions, including normal city conditions, only one rider weighing 70 kgs, normal ride mode, and moderate weather conditions. The company has not mentioned the difference in range and performance in different weather conditions and riding modes.

Ola in all promotional campaigns had listed at least 30 software features. However, the scooters delivered to customers do not have some of the promised features, including Bluetooth connectivity, cruise control, proximity lock, voice control, hill hold, mood widgets. There is no clarity as to when customers will get these features. Ola Electric has said customers will get all features via OTA updates in the next few weeks, but it hasn’t given a deadline.

Also Read // Ola Electric to open next purchase window ‘very soon’

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

2 missing in huge Colorado fire as investigation continues

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Investigators were still trying to determine what caused flames to tear through at least 9.4 square miles (24 square kilometers), leaving nearly 1,000 houses and other buildings destroyed in suburbs between Denver and Boulder.

Search teams looked for two missing people in the smoldering debris from a massive Colorado wildfire while people who escaped the flames sorted through the charred remnants of their homes to see what was left.

Investigators were still trying to determine what caused flames to tear through at least 9.4 square miles (24 square kilometers), leaving nearly 1,000 houses and other buildings destroyed in suburbs between Denver and Boulder.

The inferno broke out Thursday, unusually late in the year following an extremely dry fall and amid a winter nearly devoid of snow. Experts say those conditions, along with high winds, helped the fire spread.

Boulder County Sheriff Joe Pelle says authorities are pursuing a number of tips and had executed a search warrant at one particular location. The sheriff refused to give details Sunday, including whether he thought the fire was arson.

Its complicated and its all covered with a foot of snow, Pelle said of the scene where the fire started. The outcome of that investigation is vital there is so much at stake. We are going to be professional. We are going to be careful.

Rex and Barba Hickman sifted through the ashes of their Louisville home with their son and his wife.

Their son Austin cut a safe open with a grinding tool to reveal gold and silver coins, melted credit cards, keys and the charred remains of the couples passports.

They evacuated with their dog, their iPads and the clothes on their back. Rex Hickman said he was heartbroken to see there was nothing left of their home of 23 years.

Theres a numbness that hits you first. You know, kind of like you go into crisis mode. You think about what you can do, what you cant do, he said. The real pain is going to sink in over time.

The couple have to find a rental property and clothes in the short-term, and their insurance company told them Sunday it would take at least two years to rebuild their home.

We know how fortunate we are, Rex Hickman said. We have each other. We have great friends, wonderful family. So many people have got to be suffering much more than we are, and we feel for them.

While homes that burned to the foundations were still smoldering in some places, the blaze was no longer considered an immediate threat especially with Saturdays snow and frigid temperatures.

Authorities initially said everyone was accounted for after the fire. But Boulder County spokesperson Jennifer Churchill said the reports of three people missing were later discovered amid the scramble to manage the emergency. One was found alive, officials said Sunday.

Crews were still looking for a woman at a home in Superior and a man living near Marshall. Pelle said their homes were deep in hot debris and covered with snow. It is a difficult task.

Other investigators were seeing if the missing people might have made it out, but not contacted their families or friends, Pelle said.

Colorado Gov. Jared Polis and federal emergency officials visited some of the damaged neighborhoods Sunday morning.

I know this is a hard time in your life if youve lost everything or you dont even know what you lost, Polis said after the tour. A few days ago you were celebrating Christmas at home and hanging your stockings and now home and hearth have been destroyed.

Of at least 991 buildings destroyed by the fire, most were homes. But the blaze also burned through eight businesses at a shopping center in Louisville, including a nail salon and a Subway restaurant. In neighboring Superior, 12 businesses were damaged, including a Target, Chuck E. Cheese, Tesla dealership, a hotel and the town hall.

The two towns are about 20 miles (30 kilometers) northwest of Denver and have a combined population of 34,000.

The flames stopped about 100 yards (90 meters) from Susan Hills property in Louisville. She slept Saturday night in her home using a space heater and hot water bottles to stay warm since her natural gas service had not been turned back on.

She choked up as she remembered seeing the sky change color and recalled nervously sprinting out of town with her college-age son and the dog, cat and a fire box with birth certificates and other documents.

I dont even know how to describe it, she said. Its so sad. Its so awful. Its just devastating.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Explained: Why cloth masks may not be enough amid surge in Omicron cases

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

While cloth masks are better than no face coverings, medical experts suggest that individuals either double mask, use medical-grade masks and ditch cloth masks to avoid being infected by the Omicron variant.

The Omicron variant of COVID-19 has been spreading like wildfire across the world. The heavily mutated variant of the SARS CoV-2 was identified about six weeks ago, but it has already spread to most of the world and is thought to be behind the sudden surge in the number of cases around the world.

Amid the new wave of COVID-19, face masks have once again become the most important tool in preventing the disease.

Despite the fact that the world as a whole is much more vaccinated than it was nearly a year ago when another variant of SARS CoV-2, the Delta, wreaked havoc in countries, the Omicron variant is able to infect and transmit much more easily as it can bypass the immune response.

The variant’s ability to cause breakthrough infections, infections in individuals who are fully vaccinated, has prompted health experts to urge citizens to ditch their cloth masks in favour of surgical masks, and KN95 and N95 masks instead.

While cloth masks are better than having no masks in terms of providing protection against COVID-19, the Omicron variant is much more transmissible than any variant of COVID-19 seen before and thus would require better quality masks. Double masking, the usage of surgical masks, respirators like N95s and KN95s is preferable to the use of cloth masks, single-ply masks, bandanas and other face coverings of similar sorts.

Scientific evidence has already shown that the difference between the two sets of face coverings can be stark. As a result, many nations have already introduced regulations about the standard of masks acceptable at various public settings.

While India has no such standards, the poor mask etiquette of many undermines the compulsory usage of masks in many public areas. The heavy use of cloth masks, single-ply masks, and homemade masks also reduce the potential protection that face coverings can offer against COVID-19.

Click here for latest updates on COVID-19

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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India to challenge WTO decision on sugar export subsidies; all you need to know

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The World Trade Organisation (WTO) has decided against India on the extensive support it provides to sugarcane growers and sugar producers, that the world trade body said are in excess of international norms as agreed upon. India said it will challenge the WTO’s decision on sugar export subsidies.

India will challenge the World Trade Organisation’s (WTO) decision on the matter of sugar export subsidies. The WTO dispute settlement panel in December ruled that India’s domestic support measures for the production of sugar and sugarcane were inconsistent with international agreements governing trade and agriculture.
The Indian government said that it would be appealing the decision as the findings made in the report were “erroneous”.
“The panel issued its report on December 14, 2021 in which it has made certain erroneous findings about our schemes to support sugarcane producers and exports. The findings of the panel are completely unacceptable to India. The panel’s findings are unreasoned and not supported by the WTO rules. The panel has also evaded key issues which it was obliged to determine. Similarly, the panel’s findings on alleged export subsidies undermine logic and rationale,” stated an official release issued by the Commerce Department.
What was the dispute about?
Australia, Brazil and Guatemala had taken India to the dispute settlement panel over disagreements over India’s continuing extensive domestic support to the sugar and sugarcane industry. The countries had stated in 2019, that India’s support to domestic producers was in excess of the limit that was set by the global trade body and that India’s export subsidies to sugar mills were also prohibited.
The report from the dispute settlement body found that India’s subsidies to sugarcane producers exceeded the 10 percent limit as set by the WTO under the Articles on Agriculture (AoA), between 2014-15 and 2018-19. Additionally, India was found to be in contravention of the SCM Agreement and other articles within the AoA, through its various export schemes and subsidies for sugar mills like the Production Assistance, the Buffer Stock, and the Marketing and Transportation Schemes.
What does the ruling mean?
While India has been extensively supporting domestic sugarcane and sugar producers over the past few years, the increasing prices of sugar at the global market due to lower production and supply issues has meant that the government had not planned on extending any assistance in the current season (October 2021-September 2022).
As such, the WTO ruling does not affect India much currently.
What about the appeal?
India will dispute the findings in the appellate body of the WTO dispute settlement panel, but that may take longer than expected. The US has been blocking the appointment of judges to the appellate body, which is the final body where such matters are taken up, for the previous three years. Without its judges, the appellate body has not been able to take up any cases that are pending before it.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?