Monday, August 8

Month: April 2022

Moderna is seeking US approval for a COVID vaccine for children under the age of six
HEALTH

Moderna is seeking US approval for a COVID vaccine for children under the age of six

Moderna, a US biotech company, announced on Thursday that it had submitted an emergency use authorisation request in the US for its COVID vaccination for children aged six months to under six years. In the United States and most other nations, children under the age of six are the only age group that has yet to get a COVID-19 vaccine. "We believe (this vaccine) will be able to safely protect these children against SARS-CoV-2, which is so important in our continued fight against COVID-19 and will be especially welcomed by parents and caregivers," Stephane Bancel, the company's CEO, stated in a statement. The business stated in March that the two-shot regimen was determined to be safe and produced a significant immunological response in a trial. Two doses of 25 micrograms giv...
Firefighting at the Bhalswa garbage site in Delhi has been going on for the past 36 hours.
Current Affairs

Firefighting at the Bhalswa garbage site in Delhi has been going on for the past 36 hours.

On Thursday, several portions of the Bhalswa waste site in Delhi were still burning. There are fire crews on the scene. More information is awaited. On Tuesday, a big fire broke out at the Bhalswa dump in North Delhi. According to Delhi Fire Service officials, smoke was reported around 5:00 pm that later spread into a massive fire. Following the incident, locals living near the Bhalswa landfill in Delhi have also been reporting breathing problems. Meanwhile, Gopal Rai, the Delhi Environment Minister, accused the Municipal Corporation of Delhi (MCD) of incompetence in the Bhalswa dump fire on Wednesday. The minister told ANI that the Delhi government has requested a report on the fire occurrence from the Delhi Pollution Control Committee (DPCC). "The people of Delhi are faci...
 Power ministry: The total amount of power consumed in India has exceeded 201.
Current Affairs

 Power ministry: The total amount of power consumed in India has exceeded 201.

The central government said the greatest all-India power demand met on Tuesday was 201.066 GW, despite complaints of coal shortages at power facilities across the country. The demand exceeded last year's maximum demand of 200.539 GW, which occurred on July 7, 2021, according to the Ministry of Power. The country's economic expansion is reflected in the rising power demand. The increase in energy demand in March of this year was roughly 8.9%. In addition, during May and June, demand is predicted to reach around 215-220 GW. "The government and other stakeholders are working together to ensure unhindered power supply and efforts at all fronts are being made and measures are being taken for better utilization of various resources," said the Ministry of Power."The government and ot...
 European Union and India agreed to form a Trade and Technology Council.
International

 European Union and India agreed to form a Trade and Technology Council.

On Monday, India and the European Union (EU) decided to form a Trade and Technology Council, a strategic mechanism to address the issues of assuring trusted technology and security in the face of rapid geopolitical change – a move that is expected to strengthen their strategic partnership. The decision to form such a council will be India's first with any of its partners and the EU's second after the first with the US. Both sides agreed that rapid changes in the geopolitical environment highlight the need for joint in-depth strategic engagement. The Trade and Technology Council will provide the political steer and the necessary structure to operationalize political decisions, coordinate technical work, and report to the political level to ensure implementation and follow-up in ar...
Lankan equities plummet as trading resumes after a two-week hiatus amid a worsening crisis.
Stock Market

Lankan equities plummet as trading resumes after a two-week hiatus amid a worsening crisis.

Sri Lankan stocks fell and were set for another day of trading stoppage when the market opened for the first time in two weeks, during which the economic situation worsened. Within seconds after resuming trading, the Sri Lanka Stock Exchange Colombo All-Share Index plunged as much as 6.7 percent, while the blue-chip index fell 5.2 percent. If the blue-chip index falls by 7.5 percent, a second circuit will be activated. If it falls below 10%, the market will be closed for the day. While trading in Sri Lanka had been halted for the previous two weeks – the first due to a holiday and the second by the securities regulator – the central bank raised policy rates to an all-time high, the government halted payments on foreign debt, and the rating agencies slashed the country's credit rating...
From April 2022, Zomato will be 100 percent plastic-free.
India

From April 2022, Zomato will be 100 percent plastic-free.

Zomato, an online meal delivery service, stated on Friday that it will serve 100 percent plastic-free orders starting in April 2022, to deliver more than 10 crore items in sustainable packaging over the next three years. Zomato Founder and CEO Deepinder Goyal stated in a blog post that the company recognizes the importance of beginning to promote biodegradable and other non-plastic alternatives for them to become as accessible and available as plastic is today. "From now on, every meal you buy through Zomato will be 100% plastic neutral," he stated. "This means we will voluntarily recycle more than 100% of all plastic used in the packaging of your order." "We have begun working with cutting-edge ISO-certified plastic waste management organizations, who will partner with munici...
Power outage risk increases as severe heat spurs coal demand
Economy

Power outage risk increases as severe heat spurs coal demand

India risks a repeat of last summer’s power outages as soaring temperatures boost demand for coal that’s used to generate about 70 percent of the country’s electricity. The hottest March in more than a century has heralded an early start to summer, increasing power consumption by air conditioners and refrigerators. While state-run miner Coal India is producing at record levels this month, that may not be enough to replenish power plant stockpiles that dwindled to barely a third of required levels at the start of this week. Coal India, which accounts for four of every five tons of the fuel mined in the country, boosted its output by 27 percent in the first half of April from a year earlier. Still, escalating demand seems to “dwarf” that supply increase, the Kolkata-based c...
HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr
Business

HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr

Mortgage lender HDFC Ltd has entered into a binding agreement to sell a 10 percent stake in HDFC Capital Advisors Ltd to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore. HDFC Capital is a wholly-owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India. It manages an approximately $3 billion funding platform. It is the investment manager of HDFC Capital Affordable Real Estate Funds 1, 2 & 3; and is aligned with the government's goal of increasing housing supply and supporting the Pradhan Mantri Awas Yojana - ‘Housing for All’ initiative. “The funds managed by HDFC Capital provide long-term, flexible funding across the lifecycle of affordable and mid-income housing project...
Pak PM Shehbaz writes to PM Modi, urges for meaningful ties with India
International

Pak PM Shehbaz writes to PM Modi, urges for meaningful ties with India

Pakistan Prime Minister Shehbaz Sharif has written a letter to his Indian counterpart, Narendra Modi urging for maintaining meaningful bilateral ties between the two neighboring countries, media reports said. Sharif's letter on Sunday comes in response to the congratulatory message sent by Modi earlier in the day in which the latter said India supported constructive ties with Pakistan. The Pakistani Prime Minister replied to the Indian Prime Minister's letter and sought to resolve the outstanding issues between the two countries, including that of Kashmir while stressing that Pakistan wants peaceful and friendly ties with India. India has, however, reiterated its stand that it wants strong diplomatic ties with Pakistan provided that Islamabad creates a terror-free environment ...
Google unveils its ‘Switch to Android’ app for iPhone users in the US
Global

Google unveils its ‘Switch to Android’ app for iPhone users in the US

Tech giant Google has quietly launched its most awaited 'Switch to Android' app on the App Store in some countries, including the US. According to TechCrunch, the app promises to make the transition between mobile platforms easier to manage by helping users import their contacts, calendar, photos, and videos to their new Android phone. The app also instructs users how to turn off Apple's iMessage to get text messages on their new device and has them connect with iCloud to migrate their photo and video library to Android. Google's Switch to Android website has not yet been updated to indicate the new app is available and the company has not officially announced its launch, the report said. The app is also not appearing on Google's developer page on App Store or in App Store ...