bhubaneswar l friday l may 21, 2021 l `7.00 l PAGES 12 l late CITY EDITION daily covid test capacity to reach 20L by month-end Thursday’s announcement came after a home-based rapid antigen testing (RAT) kit by a Pune firm was given the nod home test kits to be available in 3-4 days Stating that the kits would be on the market in 3-4 days, ICMR director general Balram Bhargava said three more firms would soon get the approval. India has reached 16-20 lakh daily test capacity as on Thursday. It would be ramped up to 20 lakh by the month-end and scaled up to 45 lakh by July. A record 20.55 lakh tests were conducted in the past 24 hours 105 results delivered to your phone ■ ■ ■ For home testing, one must buy a kit from a chemist’s, download a mobile app, register and conduct the test as per the manual After the test, click a photo of the report, upload it to the app and get the result on your phone. This will ensure confidentiality The results will be stored on a server linked with ICMR database Kit companies validated by the ICMR so far, 41 approved 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 Gold pledging on the rise as stress hits households Borrowing trends Break-up of loans across categories Consumer Durables I9,299 Cr I7,307 Cr -21.4% housing loans advance against fixed deposits Advances to Individuals against share & bonds Credit Card Outstanding Education loans Vehicle Loans Loan against gold jewellery Other Personal Loans I13,37,899 Cr I14,59,066 Cr 9.1% Total I25,53,650 Cr I28,13,514 Cr 10.2% I79,494 Cr I71,544 Cr -10.0% I5,334 Cr I4,570 Cr -14.3% I1,08,097 Cr I1,16,537 Cr 7.8% I65,744 Cr I63,805 Cr -3.0% I2,20,610 Cr I2,41,657 Cr 9.5% I33,303 Cr I60,464 Cr 81.6% I6,93,870 Cr I7,88,564 Cr 13.6% Mar 2020 Mar 2021 Growth 2021 (%) NATIONWIDE MAY 19 MAY 20 Fresh cases Recoveries Deaths 2,67,334 2,76,110 3,89,851 3,69,077 4,529 3,874 Reserve Bank data show people are increasingly turning to gold and personal loans to meet basic expenditure and medical emergencies A N U R A D H A S H U K L A @ New Delhi WITH businesses shut, jobs lost and salaries slashed, many people are pledging their household gold savings to borrow money to meet their essential expenditure as well as emergency medical requirements, show official data from the Reserve Bank of India. According to the latest RBI data, loans against gold have jumped a whopping 82% since March 2020. At the same time, consumer durables and education loans are down by 21.4% and 3%, respectively, showing how people affected by the economic stress induced by the coronavirus pandemic are prioritising their spending. The outstanding loans against gold went up from `33,303 crore in March 2020 to `60,464 crore in March this year, pushing the overall perMay 19 Take 11,45,569 doses your May 20 shot 14,56,088 doses Total doses: 19,18,10,604 Jab-o-meter sonal loan portfolio of financial institutions up by 10.02%. One of the main reasons for the spike in gold loan is the increase in emergency spending due to the second Covid wave, loss of income, and reluctance of banks to give unsecured personal loans, forcing people to pull out gold ornaments and rush to banks to raise money . According to bankers, the trend is likely to continue. “The surge in gold loans is likely to go up further. While demand for gold loan was already high even last year, we saw fresh demand from April onwards. One out of every three loan queries is about gold loan. In fact, low income and lack of collateral have forced many people to opt for that,” said a senior official with State Bank of India. Getting personal loans has also become tough with banks becoming more cautious about ODISHA Fresh cases Recoveries Deaths MAY 19 11,099 10,036 21 MAY 20 11,498 9,870 25 unsecured loans. So, people who have lost job and still have monthly instalments to pay are , using gold jewellery as the last resort to take yet another loan. “The rejection rate is going high for personal loan criteria. We have been asked to go for additional KYCs including salary slips and collaterals including stocks and other assets. The management is very careful, considering the fear of high NPA,” an executive with ICICI Bank said. The central bank had already warned that the direct fallout of the Covid will be on public spending. Data from the RBI reveal that loans for consumer durables plunged as much as 21.4% with loan outstanding dropping to `7,307 crore in March 2021 from `9,299 crore in March 2020. Education loan outstanding was also down by `65,744 crore to `63,805 crore. State logs highest 25 Covid deaths | P2 Cyclone may reach Odisha coast by May 26 Express News service @ Bhubaneswar As the State government readies to handle any exigency arising out of the possible tropical storm, the India Meteorological Department (IMD) on Thursday said the system is expected to reach near Odisha-West Bengal coast on May 26 morning. A low pressure area will form over the north Andaman sea and adjoining east-central Bay of Bengal around May 22. There is moderate to high probability that the system will intensify into depression on May 23 and a cyclonic storm on May 24. It will very likely move n o r t h we s t w a rd s a n d reach Odisha-West Bengal coast on May 26 morning, said the IMD. The regional Met office said path of the system can be ascertained after the low pressure system forms and requested the citizens not to panic and believe in malicious, exaggerated and fake news regarding the cyclone’s possible track and landfall position. CONTINUED ON: P5 Odisha declares ‘black fungus’ a notifiable disease E x p r e s s N e w s Se r v i c e @ Bhubaneswar Odisha government on Thursday notified mucormycosis, known as black fungus, as a notifiable disease in view of the reported rise in incidence among Covid-19 patients. A statement issued by the Information and Public Relations department stated the government has decided to include mucormycosis (black fungus) as a notifiable disease under the Epidemic Diseases Act, 1897. The declaration came after the Union Health Ministry asked all states and union territories (UTs) to declare mucormycosis as a notifiable disease and advised government and private health facilities as well as medical colleges to follow guidelines on screening, diagnosis and management of the infection. Odisha is the sixth state after Telangana, Rajasthan, Gujarat, Tamil Nadu and Assam to declare black fungus a notifiable disease. However, except Odisha, all others have notified it as an epidemic. Additional Chief Secretary of Health, PK Mohapatra said since there is no epidemic of mucormycosis in the State yet, it has been included as a notifiable disease. “A reporting format has been sent to all districts with testing and treatment protocol besides a set of guidelines on prevention,” he said. So far, 11 patients have been detected with black fungus infection in the State. While a 71-year-old man with uncontrolled diabetes died of cardiac arrest on May 15, P5 10 others are undergoing treatment. sos for drug but volume low; need to scale up import The Centre asks states to notify mucormycosis or black fungus under the epidemic Act Black fungus has already killed 90 in Maharashtra, where 1,500 such cases have been detected; 850 are under treatment in hospitals Maharashtra tells PM it needs 1.50-2 lakh vials of Amphotericin B to treat the fungus, but has received only 16,000 from the Centre so far Six Indian firms are manufacturing Amphotericin B. Five more companies have approval to produce it Some companies have so far placed orders to import 5-6 lakh vials of the shot “You have to get the medicine from wherever in the world. You have to take steps right now,” Delhi HC tells Centre
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