Latest News Today – Zydus Cadila Shot For 12-18 Soon, Centre Informs Supreme


The Zydus Cadila shot will be the first DNA vaccine for COVID-19.

New Delhi:

A new coronavirus vaccine developed by Indian pharmaceutical company Zydus Cadila will be available soon for those between 12-18 years of age, the central government said in an affidavit to the Supreme Court on Saturday.

Filed in response to the Supreme Court’s pointed questions about the vaccination drive that followed a dramatic overhaul in its policy earlier this month, the centre also briefed the court about its plans to vaccinate all adults in the country by the end of the year.

It said that 186.6 crore doses are needed to vaccinate people above 18 years who number 93-94 crore.

Walk in vaccinations have been allowed for all ages and digital divide is not a constraint for access to vaccines anymore, it added.

Calling its vaccination policy dynamic and not static, the centre said COVID-19 shots are now free for all above 18 years under the new policy in effect since Monday.

The centre also said it has asked states to probe fake vaccine camps and take strict action against those responsible.

Vaccination figures are put out in the public domain daily, it said, underscoring its efforts at transparency.

There is a new scheme of vouchers to make private vaccination centres accessible to economically weaker sections of society, it said, adding NGOs can buy these vouchers and give it to those who need it.

“Vaccination for COVID-19 is being implemented on the lines of universal immunisation programme,” it said.

The 375-page government affidavit in the top court came amid growing concerns about the Delta Plus variant of the coronavirus and an impending third wave, weeks after the second wave of COVID-19 left thousands of dead and unleashed unprecedented suffering.

New variants are a concern in India, where more than half the population is still not vaccinated. Only about 5.6 per cent of India’s adult population has received two doses.

Earlier this month, in a sharply worded order that raised tough questions for the government, the Supreme Court had said that the centre’s policy of paid vaccination for those between 18 and 44 was “arbitrary and irrational”.

Flagging several other flaws – including shortage of vaccine doses and problems faced by rural people in accessing vaccines – the court asked the centre to review its vaccination policy and “place on record a roadmap of projected availability of vaccines till 31 December 2021”.

Less than a week after the rebuke, Prime Minister Narendra Modi announced that the centre would supply vaccines free of charge to all above 18 from June 21 and would take back control of vaccination from states in a dramatic U-turn.

The court is set to take up the case again on Wednesday.



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Latest News Today – Global Chip Shortage Could Affect Supply of Credit/


Global chip shortage is now threatening to derail the online payment system. Outlining the importance of payment cards for everyday life and commerce, the Smart Payment Association has warned about significant disruptions if the issue is not addressed. It said each year more than 3 billion EMV-based payment cards are produced globally for people who open a bank account, or those who renew them after expiration or to be replaced. But card manufacturers are facing increasing difficulties in obtaining chips due to bottlenecks in the supply chain.

The trade body of payment cards and the mobile payments industry has called on government bodies and stakeholders to improve the supply situation to avoid major disruption. Nearly 90 percent of non-cash consumer payments are made using cards in physical stores and they are also critical for accessing cash, it said, adding that 40-60 percent of online payments are supported directly or indirectly by payment cards. Thus, securing an uninterrupted supply chain for payment cards is essential to sustaining commerce and daily life.

The pandemic forced chipmakers to shut operations last year. By the time they reopened, they had a backlog to fill. As they limped back, they were swamped by a sudden demand for electronics globally. In recent months, the semiconductor industry has been hit by major shortages of products such as PCs, mobiles/ tablets, gaming consoles, but especially automobiles. Equipment manufacturers had to delay their production lines as there was not an adequate supply of chips. And it appears the shortage is now expanding to other sectors too.

Citing the resilience shown by the payment card industry during the pandemic, the body said it served the banks in unprecedented circumstances, delivering cards amid lockdowns wherever and whenever needed.

“Now, with the global chip shortage another threat has emerged,” the trade body said.

The association said the bottlenecks in chip supply have become critical and card manufacturers are facing increasing difficulties in obtaining chips, and that this shortage is likely to continue throughout 2022. It warned that significant disruption is likely on its way that will affect the ability of card manufacturers to meet the full demand.

The association added that it has initiated actions to ensure an adequate supply of payment cards but urged governments to do more. It said the card manufacturers working with the association are making “every effort possible” to minimise card delivery disruption.




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A Revanth Reddy appointed Telangana Congress chief | | Live Newspaper Hyderabad


HYDERABAD: A Revanth Reddy has been appointed new president of the Telangana Pradesh Congress Committee. The Malkajgiri MP’s name was announced by the Congress central leadership on Saturday evening. Former Indian cricket captain Mohd Azharuddin has been named one of the six working presidents.
In the 2018 assembly elections, Revanth Reddy had campaigned for the Congress party in different constituencies but was unable to retain his Kondangal. Nevertheless, the party fielded him in the Lok Sabha elections the following year in 2019 and he won from Malkajgiri.
The six working presidents named in the AICC announcement are Mohd Azharuddin, J Geeta Reddy, M Anjan Kumar Yadav, T Jagga Reddy and B Mahesh Kumar Goud. The senior vice presidents appointed are Chandrasekhar Sambani, Damodhar Reddy, Ravi Mallu, Podem Veeraiah, Suresh Shetakar, Vem Narender Reddy, Ramesh Mudiraj, Gopishetty Niranjan T Kumar Rao and Javeed Ameer.



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Latest News Today – Reserve Bank Of India (RBI) Extends Regulatory


In September 2019, RBI superseded the board of PMC Bank and placed it under restrictions

The Reserve Bank on Friday extended the regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank by another six months till December 2021 to enable the completion of its takeover by Centrum Financial Services. Paving the way for takeover of the crisis-ridden bank, the RBI had earlier in the month granted in-principle approval to Centrum Financial Services to set up a small finance bank (SFB).

“Taking into account the time required for completion of various activities involved in the process…the validity of the …Directive dated September 23, 2019, as modified from time to time, has been extended for a further period from July 1, 2021 to December 31, 2021, subject to review,” the RBI said in a notification.

In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL. The restrictions have been extended several times since then.

Initially, the RBI had allowed depositors to withdraw Rs 1,000, which was later raised to Rs 1 lakh per account to mitigate their difficulties. In June 2020, the RBI had extended the regulatory restrictions on the cooperative bank by six months till December 22, 2020. Later it was further extended till June 30, 2021.

In response to an Expression of Interest (EOI) floated by PMC Bank for its reconstruction in November 2020, certain proposals were received. After careful consideration, the RBI said, the proposal from Centrum Financial Services along with Resilient Innovation was found to be prima facie feasible.

Accordingly, the RBI on June 18, 2021 granted ”in-principle” approval to Centrum Financial Services to set up a small finance bank under the general guidelines for ”on tap” Licensing of Small Finance Banks in the Private Sector.

PMC Bank had invited EoI from eligible investors for investment/ equity participation for its reconstruction and had received four proposals. To launch the SFB, the Centrum Group has formed an equal joint venture with Resilient Innovations, an arm of Gurugram-based BharatPe. But Centrum Capital will be the promoter of SFB, under the prevailing laws.

The joint venture will infuse Rs 1,800 crore capital into PMC, Jaspal Bindra, executive chairman of Centrum Group had said.

As of March 31, 2020, PMC Bank’s total deposits stood at Rs 10,727.12 crore and total advances at Rs 4,472.78 crore. Gross NPAs were at Rs 3,518.89 crore at end-March, 2020.



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Latest News Today – PM Narendra Modi Holds Coronavirus Review, Calls For


PM Modi was also briefed about the rising global interest in the CoWIN platform, his office said.

New Delhi:

Prime Minister Narendra Modi held a meeting on Saturday to review the situation with the coronavirus pandemic in the country, expressing satisfaction at the rate of vaccination but calling for the outreach to be widened with the help of NGOs, his office said.

“Officials gave a detailed presentation to the PM on the progress of vaccination in the country. PM was briefed about the age-wise vaccination coverage. PM was also briefed about the vaccine coverage among healthcare workers, frontline workers and general population in various states,” a statement from his office said.

“Officials apprised the PM about the vaccine supply in the upcoming months and efforts being made to increase production,” it said.

The meeting came amid growing concerns about the Delta Plus variant of the coronavirus and an impending third wave, weeks after the second wave of COVID-19 left thousands of dead and unleashed unprecedented suffering.

New variants are a concern in India, where more than half the population is still not vaccinated. Only about 5.6 per cent of India’s adult population of 95 crore has received two doses.

The country has reported around 50 cases of Delta Plus, and studies are ongoing to test the effectiveness of existing vaccines against the variant.

“PM was informed that 3.77 crore doses have been administered in the last six days which is more than the entire population of countries like Malaysia, Saudi Arabia and Canada,” the statement from his office said.

Even though as a percentage of the population, the vaccine coverage remains low, the PM’s office pointed out that so far, 128 districts in the country have vaccinated more than 50 per cent of the 45+ population and 16 districts have vaccinated more than 90 per cent of the 45+ population.

“PM expressed satisfaction at the rising speed of vaccinations in this week and stressed that it is important to carry this momentum forward,” the statement said.

“Officers briefed the PM that they are in touch with state governments to explore and implement innovative methods to reach people for vaccination,” it said.

“PM spoke about the need to involve NGOs and other organisations in such efforts,” it added.

The Prime Minister asked officers to work with the states to ensure that the pace of testing does not go down, saying that testing remains a very important weapon to track and contain rising infections in any region.

Officers also briefed the PM about the rising interest in the CoWIN platform – the tech backbone of India’s vaccination drive – globally.

“The PM said that efforts should be made to help all countries, who have expressed interest, with India’s rich tech expertise in the form of CoWIN platform,” the statement said.



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Latest News Today – Samsung Galaxy Watch 4 Leaked Renders Suggest


Samsung Galaxy Watch 4 renders have surfaced online to suggest the design and specifications of the company’s next-generation smartwatch ahead of its official announcement. The leaked renders show the Galaxy Watch 4 in a circular build, which makes it look similar to the Galaxy Watch Active 2 rather than the Galaxy Watch 3. The new smartwatch is also said to have a bioelectrical impedance analysis (BIA) sensor for monitoring body composition. This may be alongside real-time heart rate monitoring and blood oxygen saturation (SpO2) tracking.

The leaked renders that are posted by 91Mobiles purportedly show the Samsung Galaxy Watch 4 in four distinct colour options: Black, Silver, Dark Green, and Rose Gold.

Samsung Galaxy Watch 4 renders suggest different colour options in the works
Photo Credit: 91Mobiles

 

Samsung is likely to retain some features of the Galaxy Watch 3 in its new smartwatch, including the interchangeable wrist strap design and physical buttons. However, the overall build of the Galaxy Watch 4 isn’t aligning with last year’s smartwatch. It appears to have rounded edges and a thinner profile over the Galaxy Watch 3 that came with a sporty design.

Instead of being closer to the Galaxy Watch 3 in appearance, the Samsung Galaxy Watch 4 leaked renders suggest its may have more in common with the Galaxy Watch Active 2. The new Samsung smartwatch may also come in 40mm and 44mm sizes as well as include 5ATM water resistance, MIL-STD 810G durability, and Gorilla Glass DX+ protection, as suggested from the back of the watch that has appeared in leaked renders. It is also likely to have GPS support.

samsung galaxy watch 4 renders leak 91 mobiles Samsung Galaxy Watch 4

Samsung Galaxy Watch 4 may come with MIL-STD 810G-certified build
Photo Credit: 91Mobiles

 

Last month, Samsung and Google partnered to integrate Tizen OS with Google’s Wear OS. The integration may debut on the Galaxy Watch 4. It could allow for better battery life and performance as well as support for newer apps and watch faces.

In addition to the leaked renders, tipster Max Weinbach has tweeted about the existence of a BIA sensor on the Samsung Galaxy Watch 4. It would allow users to measure their body fat and muscle mass. Samsung is also likely to continue to provide support for heart rate monitoring and SpO2 measurement on the Galaxy Watch 4. Both features were part of the Galaxy Watch 3 last year.

The Samsung Galaxy Watch 4 is expected to have LTE and Wi-Fi variants, and both the variants are likely to have NFC support and features including offline music playback. Alongside the vanilla Galaxy Watch 4, Samsung may also have the Galaxy Watch 4 Active in the works, with a sportier design.

Although Samsung has not yet made any public announcement, both the Samsung Galaxy Watch 4 and Galaxy Watch 4 Active are speculated to launch at the Galaxy Unpacked Event on August 3. Samsung is also hosting its virtual event at MWC 2021 next week where it could make some details public about its upcoming smartwatches.


It’s Google I/O time on Orbital, the Gadgets 360 podcast, as we discuss Android 12, Wear OS, and more. Later (starting at 27:29), we jump over to Army of the Dead, Zack Snyder’s Netflix zombie heist movie. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
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Latest News Today – How Does Investing In REIT Compare To Physical


A Real Estate Investment Trust (REIT) is an entity that owns, operates or finances a pool of real estate assets that are held like a mutual fund. Much like a mutual fund collects money from investors and invests it in the stock market, a REIT too sources money from retail and institutional investors and channels these funds to help create more real estate assets. A REIT is currently allowed to invest only in commercial properties in India. With the government focusing on creating physical infrastructure like highways, bridges and buildings, experts say it is a good time to invest in REITs.

How is REIT formed?

There are some conditions that a company needs to fulfil to qualify as a REIT. Some of them are: It must have an asset base of at least Rs 500 crore and has to invest 80% of the money sourced from investors in revenue-generating properties. The company must distribute 90% of its income to investors as dividends. It can make 10% of the total investment in under-construction real estate.

Why REITs?

The most important benefit of a REIT is that it allows retail investors to put their money in commercial properties, which have traditionally attracted investors who had deep pockets. Investing in residential properties over the past decade have yielded fewer returns for investors than commercial ones. Since REITs pool resources from many investors and diverse groups, they are deemed a relatively safer investment option over physical real-estate.

With REIT, you don’t have to scour the market to find the right property to put your money in and just invest in the company which will channel your money to real-estate funds for you.

However, experts say the pandemic may have had an adverse impact on REITs, which are a  relatively new concept in India. REITs can invest only in commercial properties, including office spaces that can generate a regular stream of revenue, and most companies have allowed their employees to work from home due to the pandemic. This has put a question mark on the demand for office spaces and the future of REITs.



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Latest News Today – Held Up Over President Kovind’s Visit, UP Woman Dies,


Kanpur Police said President Ram Nath Kovind was left disturbed by the incident

Lucknow:

The Uttar Pradesh Police has apologised after a woman in Kanpur died on Friday night because she and her family were reportedly delayed by traffic restrictions during the visit of President Ram Nath Kovind.

President Kovind is on a three-day visit to UP, during which time he will visit his home village, which is in the neighbouring ‘Kanpur Dehat’ district. He reached Kanpur last night by train, and will spend Monday and Tuesday in Lucknow.

Vandana Mishra, the 50-year-old woman who died, was the head of the women’s wing of the Kanpur chapter of the Indian Association of Industries. Her family had rushed her to a private hospital last night after she fell seriously ill. Reports say Ms Mishra recently recovered from Covid.

The emergency hospital visit coincided with President Kovind’s arrival in Kanpur, for which the police reportedly stopped traffic along the same route Ms Mishra’s family was taking.

Reports say the situation led to a traffic pile-up and an inordinate delay, and Ms Mishra was pronounced dead on reaching the hospital.

“On behalf of Kanpur Police and myself, I am deeply sorry about the demise of Vandana Mishra. This is a big lesson for the future. We pledge our ‘route’ system will be such that citizens are held up for the shortest possible time so such incidents are not repeated,” Kanpur Police chief Asim Arun tweeted.

Another tweet said President Kovind was disturbed by the incident.

“He (the President) called the police commissioner and the district magistrate and enquired about the incident. He asked officials to personally convey his condolences to the family,” the police said.

A senior police official has been asked to carry out an inquiry, and a sub inspector and three constables have been suspended over the incident.

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Photographs from the ghat where Ms Mishra was cremated showed officials meeting with the distraught family members.





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Latest News Today – Telegram Gets Group Video Calls Support, Animated


Telegram has finally introduced group video calls — over a year after initially announcing its arrival. Users across mobile devices, tablets, and desktops can utilise the update to transform their group audio chats into video conference calls. The new move by the London-based instant messaging app takes on the likes of Facebook Messenger, WhatsApp, and Apple’s FaceTime. In addition to group video calls, Telegram has brought a handful of interface-level changes through the latest update. These changes include the addition of animated backgrounds, new message sending animations, and new animated emoji. The updated Telegram also includes a special menu button for bots.

Telegram group video calls

The most significant change that Telegram brings through the update is the ability to let users convert their group audio conversations into video calls. Users just need to tap the camera icon in a group audio call to switch their video on. Once enabled, you can pin one of your group members to see their video on the front. Telegram has also provided the option to share your screen and even both your camera feed and screen simultaneously.

Users on tablets and desktops get additional support during video calls, where they can open the side panel and see a split-screen view of the video grid and list of participants. It will be optimised for both portrait and landscape orientation, Telegram said in a blogpost.

On desktops, users will also have the ability for selective screensharing. This means that users can broadcast only an individual program during their group video calls, instead of showing the rest of the participants the entire screen. This is similar to how you can share a particular screen from your desktop when using Zoom.

Desktop users will also get members pinned automatically when they share their screen. Further, voice chats will be available on desktops in a separate window to let users type and talk without leaving their other important tasks.

Telegram now also allows users to make group voice calls with an unlimited number of participants. However, the option to make group video calls is currently limited to the first 30 people joining a conversation on the platform. This simply means that you can’t add more than 29 members to your group video calls on Telegram. But nonetheless, Telegram has promised to increase that limit soon.

In April last year, Telegram first announced its plans to bring group video calls to the platform. CEO Pavel Durov in April this year said that the new option would be available as early as May. However, it has now finally been launched for both mobile and desktop users.

Unlike Telegram, WhatsApp has had group video calling support for quite some time. Telegram users have, however, received the feature with enhancements including screensharing to give them an edge over WhatsApp, the world’s leading messaging app. Facebook introduced screen sharing to its Messenger app last year.

Telegram has additionally enabled improved noise suppression in voice chats to make audio clearer. However, users can disable noise suppression in case they intentionally want some of the ambient noise to seep into the call.

Telegram animated backgrounds, message animations

Telegram has also brought some new, interface-level changes as a part of its latest update. These changes include animated backgrounds that have multi-colour gradient wallpapers, which are generated algorithmically and move each time when you send a message. You can also create your own animated backgrounds by selecting multiple colours and patterns. Once created, you can share your backgrounds with your contacts.

Telegram has brought animated backgrounds that change shades when you send a new message
Photo Credit: Telegram

 

The update has also enabled animation effects that appear when you send a message. You will also notice new animation effects when sending media files through Telegram. Further, iOS users have received two new gradient app icons that are available for access through Settings > Appearance in the app.

Users who often use stickers and emojis in communication have also been considered, as the update allows them to import stickers and brings new animated emoji.

For iOS devices, there is also a new login reminder that will appear in Settings that lets you quickly update your phone number. Android users will get a similar login reminder in the next update.

Telegram’s latest update has also introduced a menu button specifically for bots where users can browse and send commands with a single tap, instead of typing commands in the textbox.

You can get the updated Telegram on your device by downloading its latest version. It is available for download on iOS through the App Store and Android via Google Play store. Desktop users can also download the update directly from the Telegram site.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.



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Latest News Today – Looking To Invest In Gold Through SIP? Read This


SIP or a Systematic Investment Plan is a facility offered to investors through which they can invest fixed amounts into various funds at regular intervals. This fixed amount does not need to be very high, it can be as low as Rs 500 and the timeline an investor chooses can be on a weekly, monthly, annually, and semi-annually basis, as per their convenience. Gold is a very sought-after investment. Earlier, people would invest their money in gold by buying jewelry or coins. However, now it is possible to buy or invest in gold digitally through Gold Mutual Funds and a Gold Exchange Traded Fund (ETF).

So, if you want to invest your money in gold, these 2 reasons would make it a good choice:

1) Gold is a safe investment, as it’s known as a hedge against inflation. In other words, it’s considered an investment that beats inflation.

2) Even when the market is going through turbulence, gold prices usually don’t fall. Having said that, there could be times when the price of gold does actually fall, but those phases don’t last long.

Now, let’s see how you can buy gold digitally!

There are two ways of buying gold digitally — Gold ETFs and Gold Funds.

Gold ETFs: This is basically buying gold digitally through a demat account that is equivalent to a physical sum of gold.

Gold Funds: In this case, you buy or invest in stocks of companies that mine gold. Gold mutual funds include silver, platinum, and other metals. Gold funds are looked after by a mutual fund manager.

Investing in gold through SIP

In this case, you invest a fixed amount regularly into digital gold. Investing through SIP is a convenient option for people who do not have a demat account, which is required for investing in gold ETFs. A SIP in gold is also more affordable because the investor can deposit a fixed amount every month as per convenience and budget. Investing in gold through SIP will enable you to buy gold and build your wealth in a steady manner.

Advantages of a gold SIP

As an investor would have to shell out a certain amount of money at regular intervals, she/he will be disciplined in her/his approach towards investing.

If a person is planning to opt for a long-term investment, then they can choose gold SIPs instead of investing a lump-sum amount.

Since a gold SIP is a periodic investment, a person doesn’t need to keep track of volatility. Investing a fixed sum of money regularly towards gold at specific intervals would reduce your average cost of purchasing the asset in the long run.

Gold SIP allows a person to invest in small denominations at periodic intervals. All that a person needs to do is instruct the bank to auto-debit a certain amount every month, without having to worry about the hassles of missing out on the investment.



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