WARANGAL SATURDAY FEBRUARY 06, 2021 `7.00 PAGES 12 CITY EDITION PFIZER WITHDRAWS REQUEST FOR EMERGENCY USE PERMIT The US company was the ﬁrst drugmaker to apply for emergency use authorisation of its Covid-19 vaccine in India on Dec 5, 2020 EXPERTS COMMITTEE DENIED NOD: REPORTS PANEL FLAGS SERIOUS ADVERSE EVENTS The move comes after an expert panel of India’s drugs regulatory authority reportedly recommended against granting approval to the firm at this stage. On February 3, the Subject Expert Committee of the Central Drugs Standard Control Organisation had taken up Pfizer’s application for its Covid-19 vaccine that it has developed with Germany’s BioNTech ■ The committee in its meeting on Wednesday noted incidents of palsy, anaphylaxis and other serious adverse events after the vaccine’s approvals in some other countries ■ The panel was also worried that Pfizer had not spelt out a plan to generate safety/ immunogenicity data for the Indian population 95% PFIZER VACCINE’S EFFICACY AGAINST 62% OF COVISHIELD MANUFACTURED BY SII CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI RBI allows retail investors direct access to G-Secs A MONTH ON, LOAN APP VICTIM’S FAMILY WAITS IN VAIN FOR HELP PI NTO D EEPAK @ Hyderabad Decision will help Centre meet its market borrowing target in the next financial year EXPRESS NEWS SERVICE @ New Delhi IN a game-changer move, the Reserve Bank of India (RBI) on Friday said it would allow retail investors to buy government bonds directly from it. Currently, retail investors can only buy gilt or government issued bonds through a platform on the National Stock Exchange. However, this is not very popular. The RBI platform for G-Secs is likely to be dubbed Retail Direct, though its details have not been shared. The current yield on a 10-year government bond is 6.126%. Bonds with shorter tenor yield less as interest. “As far as I know, very few countries like the US and Brazil allow this. In Asia, we are the first country to do it,” RBI Governor Shaktikanta Das told reporters on Friday soon after the monetary policy meeting. The move to attract retail investors to the gilt market will help the government meet its market borrowing target of `12 lakh crore. Analysts said the reason why RBI is opening up a direct gilt trading window for small buyers is to widen the market for government bonds and to keep the interest rate paid by the government low. “While a promising move, a lot will depend on the platform and parallel investment oppor- Boeing to make 737 vertical fin structures in Hyderabad What are G-Secs? Government Security (G-Sec) is a tradeable instrument issued by the central or state governments. G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments tunities available,” said Nimish Shah, chief investment officer, Waterfield Advisors. Meanwhile, RBI’s six-member monetary policy committee did not spring any surprises on Friday as key policy rates were kept unchanged. Repo and reverse repo rates currently stand at record low levels of 4% and 3.35%, respectively . Among others, the first monetary policy announcement after the Union Budget 202122 had a few key elements: restoration of the cash reserve ratio (CRR) to 4% in a gradual manner. CRR is the share a bank’s total deposits that is parked with RBI. Banks don’t earn interest on this amount. RBI also said it estimates India’s GDP growth at 10.5% during FY22, with an optimistic outlook on economic recovery Rural demand is like. ly to be resilient on good agricultural prospects while urban demand and demand for contact intensive services is expected to strengthen with fall in Covid-cases and mass-vacciP10 nation drive. EXPRESS NEWS SERVICE @ Hyderabad AEROSPACE major Boeing announced the addition of a new production line at its joint venture Tata Boeing Aerospace Limited (TBAL) in Hyderabad for manufacturing complex vertical fin structures for the 737 family of planes. In a statement issued on Friday, Boeing said that at the 14,000 square metres facility, where Tata Boeing has been Saritha and her three children, who are now living with her parents in Gundlapochampally village, are staring at an uncertain future | VINAY MADAPU Several people promised to help us immediately after the incident. But all of them are ignoring us now – Saritha, Gujja Chandramohan’s widow KCR convenes TRS panel meeting, clarity likely on change of guard ? V V BA LA K R I S H N A @ Hyderabad CLARITY on the TRS leadership’s stance on several key issues is expected to emerge at the TRS party’s extended state executive committee meeting to be held in the city on Sunday . TRS supremo and Chief Minister K Chandrasekhar Rao, who will preside over the meeting, may give clarity on whether there will be a change of guard in the State and if TRS working president and MAUD Minister KT Rama Rao will be made the next Chief Minister. In the recent past, several Ministers and MLAs issued statements in favour of making Rama Rao the next CM. With this, the Congress leaders have started making state- producing aerostructures for AH-64 Apache helicopters, a new production line will be added for the purpose. “Spread over 14,000 square metres, the state-of-the-art facility has been producing aerostructures for Boeing’s AH-64 Apache helicopter, including fuselages, secondary structures, and vertical spar boxes for customers worldwide,” the statement said. CONTINUED ON P4 Farmers to hold chakka jam outside Delhi, UP and Uttarakhand today EXPRESS NEWS SERVICE @ Chandigarh/Jaipur/Lucknow/New Delhi WITH the government on Friday strongly defending the farm laws in Rajya Sabha despite protests against them gathering momentum, farmers unions said that the chakka jam planned for Saturday will not take place in UP, Uttarakhand and Delhi, but will cover other parts of the country, including southern states. While agriculture minister Narendra Singh Tomar said that the offer to amend the laws should not be viewed as if they had any flaws, the Opposition demanded that they be repealed and fresh ones brought after consultations. At the protest site, the Samyukta Kisan M o rch a ( S K M ) a n nounced their action plan on the chakka jam following a meeting between Balbir Singh Rajewal and Rakesh Tikait. “As sugarcane harvesting is on in UP and Uttarakhand, farmers will be busy. The SKM has decided that farmers in these two states will Farmers wave the Indian flag during the Kisan Mahapanchayat in Uttar Pradesh’s Shamli district on Friday | PTI not resort to chakka jam and will submit memos to the deputy commissioners. Delhi is also kept away from tomorrow’s stir, though it will cover the rest of the country,” said Tikait and Rajewal. Tikait welcomed the support from international artistes and activists, including Rihanna and Greta Thunberg, but admitted he didn’t know them. The SKM’ said only national and state highways are to be jammed from 12 noon to 3 pm. IT has been a month since Gujja Chandramohan died by suicide following harassment by executives of instant loan app companies. His widow, 32-year-old Saritha, is still struggling to come to terms with the harsh truth as she worries as to how she will take care of her daughters. Chandramohan and Saritha were married for 15 years. After marriage, they shifted from Kamareddy to the outskirts of Hyderabad for a livelihood. They lived in a rented house along with their three daughters Varshasri(14), Saisri (8) and Ananyasri (5). The youngest, Ananyasri, still awaits his return from work every morning as Chandramohan used to work night shifts at a storage unit. With no job, assets or any source of income, survival is at stake for the family of four. The owner of their rented house forced them out and Saritha, along with her three daughters, is now living at her parents’ house in Gund- The farmer leaders appealed to keep it peaceful. Sources said farmer unions fear angry outbursts in UP’s Pilibhit belt as the kisans there are upset over the deaths of some of their comrades. “That’s why the blockade has been called off in these areas,” said a source. Two mahapanchayats, one each in Rajasthan’s Dausa and Shamli in western UP, drew massive crowds. While Dausa is Congress leader Sachin Pilot’s pocket burough, the one in Shamili was organised by SP and RLD. ments that instead of Rama Rao, Health Minister Eatala Rajender should be made the next Chief Minister. It remains to be seen whether Chandrasekhar Rao will give any clarity on this during the state executive meeting. Several TRS MLAs, including Parakal legislator Challa Dharma Reddy landed in con, troversies after making certain remarks against collection of funds for the Ayodhya Ram temple and also against reservations. There is no unanimity among party leaders on the Union Budget as they spoke in different voices. The Chief Minister may explain the TRS’ stand to the party leaders on key issues, to forge unity among them while issuing statements on the Central government and on the BJP . The TRS supremo is also expected to explain the party’s stand on the ongoing farmers agitation against the new farm laws of the Central government. The TRS initially opposed the farm laws and also participated in the Bharat Bandh call given by the agitating farmers but later took a Uturn and changed its stand. It STAND ON FARMERS AGITATION During the meeting, TRS supremo K Chandrasekhar Rao is also expected to explain the party’s stand on the ongoing farmers agitation against the new farm laws of the Central government RAJAN FIAT CAN TORPEDO THE BUDGET AND ECONOMY If Raghuram Rajan’s 2016 formula on NPAs is reapplied, it could devastate the economy and set the Budget off-track, warns S Gurumurthy | P7 Comedian Munawar Faruqui finally gets ad-interim bail E X P R E S S N E W S S E R V I C E @ New Delhi THE Supreme Court on Friday granted interim bail to stand-up comedian Munawar Faruqui who was arrested by the Madhya Pradesh Police for allegedly hurting the sentiments of Hindus during a show. “The petitioner (Faruqui) is released on ad-interim bail on conditions to the satisfaction of the trial court,” a bench headed by Justices R F Nariman ordered. While issuing notice to the Madhya Pradesh government on Faruqui’s plea, it also stayed a warrant for production of the comedian in Uttar Pradesh in another case. The bench granted interim bail to the comedian after it was pointed out that procedure under Section 41 of CrPC and the law laid down by the Supreme Court with regard to arrest weren’t followed. On behalf of the comedian, advocate Saurabh Kirpal termed it a case of victimisation and said the allegations made in the FIR were vague. He argued that a person cannot be arrested unless there is a magistrate’s order or a warrant, which is stated in Section 41 of the criminal code, and the law laid down by the Supreme Court with regard to arrest weren’t followed. will not be participating in the nationwide road blockade protest on Saturday . Election of new TRS chief However, an official release from the TRS party said that that the party’s extended state executive committee meeting will discuss election of the party president, renewal of the party membership, appointments of party committees from village level to the State level, party’s plenary to be held on April 27 and other organisational matters. Along with the state committee members, Ministers, MPs, MLAs, MLCs, chairpersons of various corporations, Zilla Parishad chairpersons, Mayors, DCCB and DCMS presidents are among the invitees for the meeting. lapochampally village on the outskirts of Hyderabad. “Several people promised to help us immediately after the incident. But all of them are ignoring us now,” says Saritha. Her elderly parents, G Saibaba and Laxmi, are also facing a tough time in providing for Saritha and the three children. Her brother G Santosh’s wife died two years ago due to ill health and Chandramohan’s death has come as a body blow to the elderly CONTINUED ON P3 couple. EXPRESS READ 4G services back in J&K after 18-month blackout Srinagar: The Jammu and Kashmir administration on Friday announced restoration of highspeed mobile internet services (4G) in the entire Union territory, 18 months after they were snapped. However, mobile internet would be available to pre-paid subscribers only after thorough verification, a government order said Biden lets H-1B lottery system continue for now Washington: The Joe Biden administration has announced it is delaying the H-1B policy of the previous Trump administration on allocation of the popular foreign work visas by continuing with the lottery system until December 31, 2021, to give the immigration agency more time to develop, test and implement the modifications to the registration system | P9
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