30 percent 50,00,000 (1 March 2021 - 24 May 2021) India’s daily cases 40,00,000 dROP IN CASELOAD IN THE PAST 10 DAYS NATIONWIDE MAY 24 MAY 25 Fresh cases 2,22,315 1,96,427 Recoveries 3,02,544 3,25,850 Deaths 4,454 3,511 30,00,000 20,00,000 Jab-o-meter May 24 tirupati l wednesday l may 26, 2021 l `7.00 l PAGES 12 l late city EDITION Daily Covid cases go below 2 lakh, lowest in a month Single-day rise in new Covid infections fell to the lowest level in 41 days on Tuesday, according to Union health ministry data Source: mygov.in 10,00,000 0 1 Mar 1 Apr 1 May 24 May Daily test positivity rate ,too, comes down Cases down in DELHI, but up in T.N., N-E A total of 1,96,427 new coronavirus infections were reported in the past 24 hours, while the toll tally climbed to 3,07,231 with 3,511 fresh fatalities – the lowest in 21 days, the data updated at Tuesday 8 am showed. India had registered 1,84,372 new cases on April 14. In another positive note, the daily test positivity rate came down to under 10% to settle at 9.54% ■ ■ Data show that active caseload in six states, including Delhi, has come down by half since mid-May. However, in Tamil Nadu and some north-eastern states, cases seem to be going up The Union health ministry said cumulatively, the active caseload in India has now come down to 25,86,782 | P7 23,65,395 doses Take your May 25 shot 18,77,419 doses Total doses: 20,04,94,991 1,84,372 fRESH CASES WERE REPORTED ON aPRIL 14, THE PREVIOUS LOWEST POINT 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 252 black fungus cases reported, no deaths E x p r e s s N e w s Se r v i c e @ Vijayawada No black fungus deaths have been reported in the State and a total of 252 cases have emerged from various districts so far, Principal Secretary (Health) Anil Kumar Singhal said on Tuesday The State gov. ernment has sent 2,100 more Amphotericin-B vials to the districts to treat black fungus cases in addition to 900 vials already dispatched. Briefing the media about the Covid-19 situation in the State, he said with black fungus being declared an epidemic, all the information pertaining to the cases is being tabulated and sent to Health Department. Singhal said the demand for Remdesivir has come down as the government received an indent for less number of doses from private hospitals in the State. The indents for Remdesivir are now being placed once in two or three days. In all, 5,335 doses of Remdesivir has been supplied to the private hospi- tals so far. Compared to private hospitals, Remdesivir stock in government hospitals is more. A total of 41,808 Remdesivir doses are available in the government hospitals. The number is likely to cross the 75,000mark on Wednesday as more stock will be sent to the district andhra pradesh may 24 May 25 Fresh cases 12,994 15,284 Recoveries 18,373 20,917 Deaths 96 106 Samples tested 58,835 72,979 hospitals, he explained. With regard to oxygen supply he said the State has enough , stock to meet any emergency situation in the next 3-4 days. “Keeping Yaas in mind, we have started stocking over and above the allocated 590 MT of oxygen per day for the last 4-5 days. A total of 767 MT of oxygen was drawn on Tuesday, which is 170 MT more than the allocation. About 630-640 MT is being supplied to hospitals and the rest is being stocked as a P4 buffer,” he said. Phase 3 trial of new antiviral drug begins on 2,400 people E x p r e s s N e w s Se r v i c e @ New Delhi Phase 3 clinical trials on nearly 2,400 people in India have begun to test the efficacy of experimental antiviral drug Molnupiravir against Covid-19, following regulatory approvals by the Central Drug Standard Control Organisation. This drug, developed by Merck originally, is an oral broad spectrum antiviral agent that has shown promise in treating mild and moderate Covid cases in early-stage trials in some countries. In India, five companies have entered into voluntary licensing agreements to produce generic versions of it. And MSN laboratories has received permission to conduct the trials. Dr Suneetha Narreddy sen, ior consultant, infectious diseases, at Apollo Hospital in Hyderabad, which is one of the 40 sites in India where the Sizing up economy stress HDFC Bank flags likely defaults in retail loan repayment by individuals YSR free crop insurance scheme amount released In the face of uncertainty, people are saving every penny for a rainy day Sesa Sen @ New Delhi INDIANs have salted away a neat `1 lakh crore in bank deposits in just three fortnights of the current fiscal (FY22). Interest rates are literally nailed to the floorboards, so the big money flowing into banks, experts caution, could be a sign of rising household stress. It’s an unusual increase for the months of April and May, and with lockdowns in force, some believe it’s a sign of precautionary savings, compounded by the need to hold disposable cash to counter health and economic uncertainties. Typically, bank deposits and credit offtake decline in April and May. But, FY21 bucked the trend with deposits rising by a staggering `2.8 lakh crore in the first three fortnights. Now, FY22 is a torchbearer, with customers saving much more this fiscal, but whether this will have a significant salutary impact on consumption The State government released `1,820 crore under the YSR free crop insurance scheme benefiting 15.15 lakh farmers, who suffered crop loss in last Kharif. The sum was credited into the bank accounts of farmers | P4 Express News Service WITH the pandemic still raging and no end in sight for the common man’s economic distress, banks are bracing for an era of retail loan defaults. Retail loans, which dominated the Covid restructuring of most private banks in 2020-21, are likely to see higher delinquencies as borrowers are busy fighting the impact of the second wave of infections, Sashidhar Jagdishan, CEO and MD For the first time in of HDFC Bank, said on Tuesday . so many years, we Borrowers who had to avail cover under reguprobably may not latory dispensations like moratorium and re- have a grip on what structuring after the first Covid wave are more is going to happen. likely to default, the CEO said, implying that the We should see asset quality come back lender will be “cautious” in these extraordinary to what we saw in times. HDFC Bank already saw an uptick in the March quarter cheque bounce rates in April. in a couple of Talking to investors in a call hosted by Macquarters’ time quarie Research, Jagdishan said that the second Sashidhar Jagdishan, Covid wave hitting the rural areas will have an impact on both business momentum and CEO & MD, HDFC Bank recovery . As on March 31, the bank restructured total loans worth `6,508.37 crore comprising 3.36 lakh accounts under the Reserve Bank’s onetime scheme. Of this, 2.87 lakh accounts were for retail loans amounting to `5,456 crore or 92.5 per cent. Corporate borrowers have largely stayed away from restructuring their dues. The trend is similar for other private banks, too. Total restructuring by Axis Bank amounted to `844.6 crore, of which retail loans accounted for `503.71 crore as on March 31. Similarly Kotak Mahin, dra Bank restructured loans worth `121.5 crore, of which `82.38 crore consisted of retail loans. ICICI Bank and Yes Bank were outliers that saw more corporate loan recast. phase 3 trials will be held, said that the drug is showing promise.“Data from early stage trials and preliminary analysis of phase 3 trials from outside India looks very promising but we should wait till the trials are concluded in India to say something definitive,” she said. “Final analysis will depend on how many of the patients with or without this drug in the placebo and treatment arm go on to develop severe disease.” EXPRESS READ THE BIG CHANGE Deposits (H crore) Credits (H crore) FY18 FY19 FY20 FY21 FY22 -1,75,73 -2,50,525 -83,297 -1,04,780 -56,379 -1,46,966 2,82,876 -1,19,028 1,03,334 -80,025 1st fortnight 2nd fortnight 3rd fortnight 1,01,357 -80,579 82,555 -60,333 -28,783 9,091 Source: RBI, SBI Research spending is unclear. As an OECD paper underscored last December, lockdowns in several countries strengthened motives for precautionary saving among households, discouraging investment and purchases of durable goods. continued on P10 GDP to grow at 1.3% in March: SBI REPORT India’s GDP is likely to grow at 1.3% in the fourth quarter of FY21 and may see a contraction of around 7.3% for the full financial year, according to SBI research report ‘Ecowrap’. NSO will release GDP estimates on June 3 six migrants drown as 2 boats capsize in Sileru E x p r e s s N e w s Se r v i c e @ Visakhapatnam Rescue operations underway at the site of capsize of boats in Sileru on Tuesday | EXPRESS Six persons, including five children aged below six years, drowned and two others went missing in River Sileru when two country boats capsized late Monday night. Police said 11 persons were travelling in the ill-fated boats when the mishap occurred. Three of them swam to safety The . deceased and survivors are migrant workers from Konduguda in Malkangiri district of Odisha. They were returning to their hometowns from Hyderabad following lockdown in Telangana. On reaching Sileru from Hyderabad, they chose to travel in the country boats to evade police as the workers feared that they might have been stopped at the inter-state border in view of Covid-19 spread. Odisha is allowing only those who got Covid negative certificate or those who took two doses of vaccine. Others need to undergo quarantine for 14 days. Sileru Sub-Inspector Ranjit said about 35 migrant workers from Hyderabad reached Jonnalamamidi village on foot after crossing the checkpost in a vehicle. They took two boats at Jonnalamamidi P4 to cross the river. Two Cong leaders get police notice in toolkit case E x p r e s s N e w s Se r v i c e @ New Delhi It was not just microblogging site Twitter that was issued notice by the Delhi Police Special Cell for tagging BJP leader Sambit Patra’s tweet as manipulated media in the alleged Congress toolkit case. The police also served notices on two Congress leaders — former Rajya Sabha MP Rajeev Gowda and Congress social media head Rohan Gupta, it has now emerged. Both were asked to join the probe, said a senior officer, adding, “These notices were issued a week a g o f o l l ow i n g a C o n g r e s s complaint.” Notices to them and Twitter were sent on the same day, May 22. Rohan Gupta said, “We had filed our police complaint on May 18 but they did not register any FIR. Then we filed a complaint in Chhattisgarh and joined a case as co-applicant. We have written to the Delhi Police seeking transfer of the case to Chhattisgarh.” The Cong ress on Tuesday pushed ahead further, demanded that Twitter add the manipulated media tag to tweets by 11 Union ministers like Giriaj Singh, Piyush Goyal, Smriti Irani, Ravi Shankar Prasad, Dharmendra Pradhan and Ramesh Nishank, for spreading malicious propaganda in the fake toolkit case. Facebook on compliance Amid speculation on the fate of social media firms for failing to align with India’s IT rules, Facebook said it needs more engagement with Centre. Twitter declined comment | P8 BJP plays victim card New Delhi: After exploiting social media to spread its base, the BJP is now playing the victim card, blaming the platforms of bias | P7 chained to track The axle of a train being chained at the Shalimar Station in Howrah to save them from Yaas, on Tuesday | Bibhash Lodh North coastal Andhra districts on alert Vijayawada: With Cyclone Yaas hurtling towards the Odisha coast, the Andhra Pradesh government has put the official machinery of three north coastal districts on high alert. Taking stock of the situation with Chief Secretary Aditya Nath Das and district collectors of Vizianagaram and Visakhapatnam, Chief Minister YS Jagan Mohan Reddy asked the officials to be on alert. Decision on SSC exam postponement likely in a couple of days Vijayawada: The Education Department has written to the State government seeking postponement of SSC exams, scheduled from June 7, by at least a month in view of Covid. The government is likely to take a decision in this regard in the next couple of days. Education Minister Suresh sought suggestions from teachers’ unions on the issue, which said teachers should be treated as frontline workers.
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