bhubaneswar l Saturday l fEbruary 06, 2021 l `7.00 l PAGES 14 l late 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 NMA frames heritage bylaws for Srimandir D i a n a S a h u @ Bhubaneswar FOR the first time, the National Monument Authority (NMA) under the Union Ministry of Culture has come up with heritage bylaws for the Sri Jagannath Temple in Puri, proposing the 100 metre area around the 12th century shrine be declared as ‘prohibited area’ where no constructions can be undertaken. The NMA released the draft bylaws under The Ancient Monuments and Archaeological Sites and Remains (Amendment and Validation) Act (AMASR), 2010, for Jagannath temple and its subsidiary Decision will help Centre meet its market borrowing target in the next financial year E x p r e s s N e w s Se r v i c e What are G-Secs? @ 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 opportunities available,” said Nimish Shah, chief investment officer, Waterfield Advisors. Meanwhile, RBI’s six-member monetary policy committee 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 riskfree gilt-edged instruments 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 2021-22 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 . likely 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-vaccination drive. Consumer confidence is likely to remain upbeat as demand has moved beyond the ‘pent-up’ phase to actual demand. The central banks said inflation has returned within its ‘tolerance band’, revising inflation at 5.2% for Q4FY21 from P12 5.8% earlier). @ Bhubaneswar/Jeypore In the face of Andhra Pradesh making fast moves to cement its control over the disputed Kotia gram panchayat in Koraput and even going to the extent of starting panchayat election process in some of its villages, Chief Minister Naveen Patnaik on Friday said he will soon visit the area and meet the people. In a bid to to stymie the neighbouring State’s actions, Naveen promised the people to transform Kotia into a model panchayat. He inaugurated and laid foundation stone of various development projects wor th over `18 crore in the panchayat. Launching the projects via videoconference, he said that steps have already been initiated to develop education, health, communication, drinking water and power infrastructure in the region. Steps have been taken to ensure social security and protect livelihoods of the people E x p r e s s N e w s Se r v i c e @ 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 Morcha (SKM) announced 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 de. cided that farmers in these two DGP, Collectors living in the panchayat, he said. Stating that the government is committed for the all round development of the region, the Chief Minister said, “Odisha is our mother, Odia is our language, Lord Jagannath is our God and Koraput is the second Sri Kshetra.” Referring to the important role of Koraput in freedom movement, Naveen paid rich tributes to Sahid Laxman Nayak. The Chief Minister had announced projects worth over `150 crore for all-round development of Kotia panchayat in 2018. He inaugurated nine projects on Friday including a 10-bed PHC building, a health subcentre, three cluster buildings, one office complex, two road projects from Kotia to Kunduli and from Kotia to Madakar. He also laid the foundation stone of a high level bridge on Madakar nullah. On the occasion, he interacted with SHG members and panchayat representatives over the ongoing development works. CONTINUED ON : P7 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 wall) and regulated area is 138.385 acre. Currently, all four sides of the temple are mainly used for commercial and residential purposes. “Since all the 3,786 Centrallyprotected monuments in India including Jagannath temple cannot be protected under the same AMASR Act because of their unique nature, it was necessary on our part to frame bylaws that are specific to the Sri Jagannath temple. The bylaws, prepared by a heritage expert committee including INTACH, will balance heritage value of the shrine and urban planning around it,” an NMA official said. The official added, per- mission for repair and renovation of any building or structure, which existed in the prohibited area before June 16, 1992, or which had been subsequently constructed with the approval of DG-ASI, must be taken up through a competent authority who happens to be the Director, Culture. The bylaws also state that constructions beyond the regulated area should be taken up with height restrictions and in a manner that they do not block the view of the temple from a distance. Currently, the Puri temple is placed under Special Heritage Zone by the State government. CONTINUED ON : P7 Chakka jam today outside Delhi, UP, Uttarakhand to get Covid jab today DGP Abhay and district collectors will be inoculated on the first day of phase II Covid-19 vaccination programme for frontline workers commencing Saturday | P3 Kotia to become model panchayat, says Naveen, promises to visit the area soon E x p r e s s N e w s Se r v i c e shrines, defining various zones for their conservation and periphery development. The draft rules prescribe that an area of 100 metre (buffer zone) around the ASI-protected Sri Jagannath temple would be declared as ‘prohibited area’, where no new construction of any kind, either by government or private agencies, would be permitted. A further 200 mtr in all directions would be ‘regulated area’ where construction is not prohibited, but must be approved by the NMA. While the temple site of 9.7 acre is protected area, the prohibited area is 37.061 acre along Meghanad pacheri (boundary 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 | P11 Pradhan calls for political unity to resolve dispute Bhubaneswar: After Chief Minister Naveen Patnaik launched projects worth over `18 crore for Kotia gram panchayat, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan called for united efforts to resolve the matter irrespective of party differences. Pradhan said it is a matter of grave concern that the Andhra Pradesh government is trying to claim ownership of the disputed villages in the panchayat by announcing panchayat elections there. A permanent solution to the problem would have to be found and the Odisha government has to take bold steps in this regard, he said. The Union Minister requested the Chief Minister to convene a meeting of political parties and social organisations to find out a solution to this problem. Pradhan said that he had visited Kotia gram panchayat and interacted with the local people. 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 offtrack, warns S Gurumurthy | P9 states will 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. The farmer leaders appealed to Farmers wave the Indian flag during the Kisan Mahapanchayat in Uttar Pradesh’s Shamli district on Friday | Pti 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.
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