Bihar’s Covid toll rises to 52, tally climbs to 7,893 – patna

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A 51-year-old home guard succumbed to Covid-19 in Bihar on Monday, taking the state’s toll to 52, while 228 fresh cases pushed the tally to 7,893, the state health department said.

The deceased had comorbidities. He was recently admitted to a hospital here and had tested positive for Covid-19 in the course of examination, department sources said.

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With this, the death toll in Patna district has risen to three.

Only Darbhanga (five), Begusarai and Siwan (four each) have reported a higher number of deaths. Khagaria, Nalanda and Vaishali districts have also reported three deaths each so far.

All 38 districts in the state have reported Covid-19 cases.

Patna has the maximum number of cases at 426, followed by 375 in Madhubani, 367 in Bhagalpur, 347 in Begusarai and 324 in Siwan.

Till date, 5,767 people have recovered from Covid-19 in the state, while 1.63 lakh samples have been tested.

Bihar began reporting Covid-19 cases in the last week of March. Its tally has grown by more than 6,000 since the beginning of May, largely due to the return of the state’s migrant workers who were stranded away from their homes during the lockdown.

Since May 3, 5,010 people have tested positive upon returning to Bihar from other parts of the country, according to state Health Secretary Lokesh Kumar Singh.

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Cristiano Ronaldo penalty sets up Juventus win, lifts pressure off Sarri

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Juventus, with 66 points from 27 games and chasing a ninth successive title, extended their lead to four points over Lazio, who visit Atalanta on Wednesday. Bologna are 10th.

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Liquidity not the only factor driving market rally: Sundaram Mutual

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The fundamentals will catch up with the market over the next 6 to 12 months, says S Krishna Kumar, CIO.

If liquidity is abundant and there is going to be low interest rates for a long time, what is the end game now? Can one safely assume that the party will continue and markets will continue to show complete disregard for valuations?

I think you asked the same question in a different way. So the markets right now are driven by a lot of liquidity coming through from the US. The most important thing to observe at this point is the improving data that is coming through as we open up. We have seen a good experience in China in most sectors. They are back to near normal. The US, Europe and a lot of other countries have seen a fair bit of improvement in terms of their operating metrics across different parameters.

In India also in the last one month, we have been doing a lot of checks with corporates and channels to see what is happening. The commentary definitely from the NBFCs and banks have been far better in terms of collections and disbursements moving ahead. Also in the case of the automotive sector, dealerships are seeing walk-ins and a good amount of pent-up demand is coming through. So all in all the experience globally and in India will be the same. While supply normalises there will be demand that will come through. While, of course, it is not going to hit the same levels of pre-Covid immediately, it will be a 6 months to 12 months journey as month on month we improve in terms of numbers.

So the markets actually are not just driven by liquidity and I would beg to differ. I would also like to believe that there is a lot of improvement on the ground that we are noticing. While everybody is cautious and watchful, slowly and steadily the improvement is getting factored in into the prices; be it the frontline banks or the NBFCs or the mid and smallcaps. The stocks that have been beaten down 80-90% are seeing some pull back of 15-20%. So there is some normalisation that is happening and that is why we believe that the fundamentals will catch up with the market over the next 6 to 12 months and therein move on.

The question in the longer term is how the liquidity will unwind. Definitely as the global central banks see normalisation in their economies, they would start to definitely tighten the liquidity and rise rates, but from the commentary of the US Fed and central banks in Europe, clearly that is quite some time away. So right now there will be supportive liquidity conditions globally and a bit of risk on trade that is happening driven by the opening up of the economy and the good news that is coming through.

If markets have already moved in anticipation of earnings recovery, when the actual recovery happens, will markets come down?
The initial reaction that we saw in February-March of sheer panic pushed valuations to levels much below fundamentals’ intrinsic values. So there has been a bit of a catch up on that as the fear gave way to some caution. I think markets and valuations have normalised and then there is this leg up that we are seeing now, which is discounting a bit of the improvement that we are seeing. While I do agree that these levels are the way the markets are, the markets’ valuations are quite reasonable. I would find it difficult to justify a strong rally from here in the near term.

Of course, we will keep moving up slowly. So there could be a bit of correction in terms of time correction as we wait for more news flow to strengthen our case for the recovery. Of course, specifically there could be a lot of value in different sectors and stocks and hence in this kind of market move, after the sharp correction, we find that value will come back and value investing will play up and growth stocks will outperform. So the path of recovery we see is there will be initial value that will come back into the markets and then growth will take over after 6 to 12 months.

Sundaram has a large dedicated rural fund. We have been hearing a lot about the pickup of activity on the rural side. How are you working that theme in terms of pockets that you feel could benefit and how excited are you about the opportunity there?
I think in this current state of affairs, the good news is that the last one year has been good for agriculture and broadly rural incomes have been holding up and more efforts by the government to assuage the worries of the poor and the rural areas are helping. The good news is that this year the monsoons are good and the sowing area is going up. So what we do understand from the agri markets and rural areas are that things are a lot better than what was there a year back. So this really will be a very supportive factor for consumption broadly because there is a lot of base level consumption that comes through from the rural side in addition to the aspirational consumption that we always talk about as more and more of India becomes more aspirational and conscious of the up-scaling into the brands.

So that is positive from a medium term perspective on consumption, particularly the higher-end FMCG products and also the low-ticket consumer discretionary; appliances, the two wheeler and the tractor space is what we would play. More importantly, on the agrochemical side, the industry has been doing well in the last six months and we do believe that in the next 12 months, there is going to be continued demand uptick and pricing benefits that will come through for that space. Also, these companies in agrochemicals and speciality chemicals have another leg in terms of global supply chains and we have seen most of them being able to secure large contracts for supplies overseas. So that is a sector that we continue to remain optimistic about in the medium term.

What about telecom? How are you viewing the most recent developments?

Clearly in the last one year, consolidation across the industry with a lot of weaker players going out has been helpful. In a way that has also made the government more pro industry trying to help the industry to stay afloat and help the bank system to get back their dues from the sector. So I think that is the biggest change that we have seen in terms of the government coming into support the industry.

Along with that, more than just the pricing expectations on the telecom space and the value creation, the larger part of the play has been how these telecom companies could turn themselves into more internet plays and framework plays like Alibaba. So if you look at one of our leading companies, we are seeing a lot of investments from global majors coming in and they are not coming in for just telecom. They are coming in for more benefits of being invested in a platform player from where they can leverage the social connect, the payments enterprise, the ecommerce across the different categories like groceries, other retail, apparel and footwear and other things.

I think it opens up a whole host of enterprises that we could do through these telecom companies if you transform yourself, which Jio has proved. So I guess that is the biggest long-term story that has played out in the markets for the last three months.



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U.S. plans to slap tariffs on aluminum imports from Canada, Bloomberg report says

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The United States is planning to re-impose tariffs on aluminum imports from Canada, Bloomberg reported late on Monday, citing people familiar with the matter.

If Canada declines to impose export restrictions, the United States will announce on Friday the re-imposition of 10 per cent tariffs on aluminum from the country, the report said.

The tariffs would then be implemented by July 1, the report added, which is also when a new Canada-U.S.-Mexico Agreement on trade is expected to take effect.

Some industries, including automakers, had been asking for a delayed implementation of the agreement due to the difficulties they are facing amid the coronavirus pandemic.

The new North American Free Trade Agreement replaces the 26-year-old trade agreement between the three economies.

The office of the United States Trade Representative did not immediately respond to a Reuters request for comment on aluminum tariffs outside regular business hours.

Earlier in the day, the U.S. Supreme Court turned away a challenge to President Donald Trump’s tariffs on imported steel brought by an industry group that had argued that a key part of the law under which he imposed the duties violates the U.S. Constitution.

Trump signed a proclamation this year increasing tariffs on derivative steel products by an additional 25 per cent and on derivative aluminum products by an additional 10 per cent, from which countries including Canada and Mexico were exempted. 

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Ladakh Clash: Hindu Sena activists protest against China – लद्दाख संघर्ष को लेकर चीन के खिलाफ हिंदू सेना का प्रदर्शन, हिंदी-चीनी बाय-बाय के पोस्‍टर लगाए..

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लद्दाख संघर्ष को लेकर चीन के खिलाफ हिंदू सेना का प्रदर्शन, 'हिंदी-चीनी बाय-बाय' के पोस्‍टर लगाए..

लद्दाख संघर्ष को लेकर देशभर में चीनी सामान की होली जलाई जा रही है(फाइल फोटो)

नई दिल्ली:

Ladakh Clash: पूर्वी लद्दाख में भारत और चीनी सैनिकों के बीच हिंसक संघर्ष (Ladakh Clash) के बाद देश में चीन को लेकर आक्रोश बढ़ता जा रहा है. जगह-जगह चीन के खिलाफ प्रदर्शन किए जा रहे हैं और लोगों से चीनी सामान के बहिष्‍कार (Boycott of Chinese Goods) की अपील की जा रही है. लद्दाख में लाइन ऑफ एक्‍चुअल कंट्रोल (LAC) पर चीनी सैनिकों के आक्रामक रुख के विरोध में नई दिल्‍ली स्थित चीनी दूतावास पर हिंदू सेना के कार्यकर्ताओं ने प्रदर्शन किया. कार्यकर्ताओ ने चीन के विरोध में नारेबाजी की और ‘हिंदी-चीनी बाय-बाय’ का पोस्‍टर चस्‍पा किया.

यह भी पढ़ें

गौरतलब है कि एलएसी पर चीन के आक्रामक रुख को लेकर पूरे देश के लोगों में रोष है. व्यापारियों के अखिल भारतीय संगठन, कॉन्‍फेडरेशन ऑफ ऑल इंडिया ट्रेडर्स (CAIT) ने चीनी सामान के बायकॉट का आह्वान किया है. संगठन ने अमिताभ बच्चन, अक्षय कुमार, महेंद्र सिंह धोनी, और सचिन तेंदुलकर सहित मशहूर हस्तियों से अपील की है कि वे ‘भारतीय सामान-हमारा अभिमान’ अभियान के तहत चीनी उत्पादों को एंडोर्समेंट बंद करें. सात करोड़ व्यापारियों और 40,000 व्यापार संघों का प्रतिनिधित्व करने का दावा करने वाले CAIT ने वस्तुओं की एक सूची जारी की है जिसके बारे में कहा गया है कि इसका बहिष्कार किया जा सकता है. इस अभियान के एक हिस्से के रूप में यह संगठन न सिर्फ व्यापारियों को चीनी सामान नहीं बेचने के लिए प्रेरित करेगा बल्कि उपभोक्ताओं से स्वदेशी उत्पाद खरीदने का आग्रह करेगा. भारत के प्रति चीन के दुश्मनी का लगातार रवैये और कटुता को लेकर CAIT ने मशहूर हस्तियों को ‘ओपन लेटर’ लिखा है. 

गौरतलब है कि पूर्वी लद्दाख की गलवान घाटी में सोमवार रात चीनी सैनिकों के साथ हिंसक झड़प में भारतीय सेना के एक कर्नल सहित 20 सैन्यकर्मी शहीद हो गए थे. झड़प में चीनी पक्ष के करीब 45 सैनिकों के मारे जाने या बुरी तरह से घायल होने की खबर सामने आई थी. जानकारी के अनुसार, लद्दाख में हिंसक झड़प उस समय शुरू हुई थी जब भारतीय सैनिक सीमा के भारत की तरफ चीनी सैनिकों द्वारा लगाए गए टेंट को हटाने गए थे. चीन ने 6 जून को दोनों पक्षों के लेफ्टिनेंट जनरल-रैंक के अधिकारियों के बीच बातचीत के बाद इस टेंट को हटाने पर सहमति जताई थी.

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Ramdev claims to have made 1st vaccine against Covid-19, recovery in 7 days – india news

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Not an immunity booster but a cure, claimed Baba Ramdev on Monday as he unveiled, what he calls, the first ayurvedic vaccine against the coronavirus, even as the scientific community the world over is fighting hard to come up with a cure for the deadly disease.

Elaborating on the details, the Yoga guru said an app will be launched for the delivery of the corona kit.

“We’ve prepared the first Ayurvedic-clinically controlled, research, evidence and trial based medicine for Covid-19. We conducted a clinical case study and clinical controlled trial, and found 69% patients recovered in three days and 100% patients recovered in seven days,” said Ramdev at the launch of the vaccine in Haridwar.

Speaking about the trials, Ramdev said zero per cent death rate and 100 per cent recovery rate has been observed.

Patanjali has claimed that the controlled clinical trials was jointly conducted by Patanjali Research Institute, Haridwar and National Institute of Medical Sciences, Jaipur.

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Shiv Sena Bhavan shut after worker tests Covid-19 positive, party says regular disinfection exercise – india news

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The Shiv Sena Bhavan, the party headquarters at Dadar in central Mumbai, has been shut down from Monday after one of the party workers – who was a regular visitor at the office – tested positive for Covid-19.

This happened three days after Sena president and Maharashtra chief minister Uddhav Thackeray visited the Bhavan on the occasion of the foundation day of the party.

According to a senior Sena leader, the place will be closed till this month end. “We did not want to take the risk with our staff and party leaders. We have started sanitisation of the premises,” said the leader to declined to come on record.

Also read: Baba Ramdev claims to have prepared first ayurvedic medicine for Covid-19

Last Friday, Thackeray, accompanied by his son Aaditya and senior party leaders, had visited the premises on the occasion of the foundation day. It was a happy occasion as it was Thackeray’s first anniversary after taking charge as the chief minister.

However, Harshal Pradhan, chief media advisor, Shiv Sena, described the closing down of the headquarters as a routine exercise.

“There was a visitor who tested positive later but this is routine task of disinfection and sanitisation. We will open the premises soon,” said Pradhan.

The Sena Bhavan has various offices of the party and holds great sentimental value for the Sena workers. It was the place where Sena founder Bal Thackeray used to meet party leaders and workers and plan his strategies.



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RJD in turmoil, Grand Alliance in disarray ahead of legislative council polls – patna

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Lalu Prasad’s Rashtriya Janata Dal appeared to be in turmoil on Monday when a large number of disgruntled party leaders created a ruckus in front of the residence of his wife Rabri Devi, demanding ticket for legislative council elections in Bihar for a veteran leader.

Biennial elections to the Upper House, for nine seats falling under the Vidhan Sabha constituency, are underway and the RJD has announced that it will be fielding three candidates whose names would be made public upon approval from Prasad who is currently in Ranchi, serving sentences in fodder scam cases.

Speculations are rife that the party may give one ticket each to the upper castes, non-Yadav OBCs and the minorities in a bid to project an inclusive image ahead of the assembly elections due in a few months.

However, hundreds of angry supporters from Raghopur the assembly segment formerly represented by Prasad and now by his heir apparent Tejashwi Yadav staged a demonstration in front of 10, Circular Road, the government bungalow allotted to Rabri Devi in her capacity as a former Chief Minister.

The party workers were demanding that the RJD fulfil its “promise” of a Vidhan Parishad berth to Uday Narain Rai alias Bhola babu who had represented Raghopur several times in the 1970s and 1980s and given up his claim on the seat in the 2015 assembly polls to enable Tejashwi Yadav make his debut at the young age of 25.

They got livid upon being told that Rabri Devi and Tejashwi Yadav, who lives at her mothers place, were ready to hold talks with a delegation comprising “not more than 15 people”.

Terming the gesture as an “insult” the RJD workers left but told journalists present at the spot that they would have to reconsider their ties with the party and that “Tejashwi Yadav may have to pay the price in assembly polls”.

Filing of nomination papers for the election will come to a close on June 25 and neither the opposition camp led by the RJD, nor the ruling NDA have revealed the names of their candidates.

The election is scheduled for July 6.

However, a broad understanding seems to have been arrived at in the NDA that Chief Minister Nitish Kumars JD(U) will field three candidates, and the BJP will contest two seats.

In the five-party Grand Alliance headed by the RJD, the Congress is also expected to get one seat.

However, developments are taking place which may queer the pitch for the opposition camp.

Sulking Grand Alliance partner Jitan Ram Manjhi, who is the founding president of Hindustani Awam Morcha, held a meeting of his party at his residence amid speculations that he was planning a return to the NDA.

A former JD(U) leader who fell apart with Nitish Kumar when made to step down as Chief Minister to make way for his patron, Manjhi fought the 2015 assembly polls as an NDA constituent, winning only one of the two seats he contested while all candidates of his party lost.

He crossed over to the Grand Alliance in March, 2018 apparently discomfited by Kumars return to the NDA. Although the RJD rewarded him with a legislative council berth for his son Santosh Manjhi from its own quota, the septuagenarian enjoys a less than cordial relationship with Tejashwi Yadav.

Bihar minister and JD(U) leader Ashok Choudhary said, “Nitish Kumar is a dependable leader and it should surprise nobody if people join us in the run up to assembly elections.

If Manjhi returns, it will be homecoming for him though a final decision is to be taken by our national president”.

Earlier in the day, Manjhi had dropped ample hints that his aversion to Nitish Kumar was passe, saying “nobody is a permanent friend or foe in politics”.

He is, however, said to be hesitant over the condition put up by the JD(U) for his return that he merge HAM with the parent outfit.

“I hope things will be sorted out in the Grand Alliance till June 25. If not, our party will meet on June 26 and I will follow whatever decision it takes”, Manjhi said cryptically.

Meanwhile, the RLSP headed by former Union minister Upendra Kushwaha, raised alarm over the happenings in the Grand Alliance.

“All is not well in the Grand Alliance. We must act before it is too late. Candidates for the legislative council must be announced while taking care that promises made by parties to each other were fulfilled”, RLSP national general secretary Madhaw Anand said in a statement.

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Viktor Troicki third tennis player to test positive for COVID-19, after Coric, …

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Last week the men’s ATP and the WTA, which runs women’s events, issued revised calendars for the resumption of the circuit from August while organisers of the US Open said the Grand Slam will be staged without fans as scheduled from August 31 to September 13 in New York.

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Lord Jagannath’s Rath Yatra begins in Odisha’s Puri after SC’s permission amid coronavirus – art and culture

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The annual Lord Jagannath Rath Yatra began on Tuesday in Puri after the Supreme Court granted permission to hold the annual chariot festival this year. The idol of Lord Balabhadra has been brought to the chariot by priests and ‘sevayats’ for the Rath Yatra from Jagannath Temple in Puri. The Apex Court has permitted the state to hold the festival with restrictions in the wake of COVID-19 pandemic. As per the order, it has allowed only 500 people to pull the chariots.

According to the police, an Additional Director General of Police is supervising the arrangements for the yatra. The pulling of every chariot is being supervised by a senior officer. “We have done good arrangement for Rath Yatra after Supreme Court has found a midway to perform the Yatra here where the devotees can attend it from their houses, over the televisions and their smartphone. It is the safest way to be a part of the Rath Yatra from a remote area,” said a police officer. Performing artists, priests were also seen participating in the Rath Yatra.

A performing artist who was present ahead of the Ratra said, “Lord Jagannath likes to watch dance and I’m here to do the same and offer my prayers.”

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“We have come for the darshan of Lord Jagannath. I believe that now the corona will go away,” a participating priest said.

The district administration has also ensured following of all health guidelines in the wake of COVID-19. “We will be ensuring that the participants are wearing masks and are following social distancing norms,” said Balwant Singh, District Magistrate of Puri.

Prime Minister Narendra Modi took to his Twitter handle to wish everyone on the ocassion of Lord Jagannath’s Rath Yatra, he wrote, “My heartiest greetings to all of you on the auspicious occasion of Lord Jagannath’s Rath Yatra. I wish that this journey filled with reverence and devotion brings happiness, prosperity, good luck and health to the lives of the countrymen.”

West Bengal Chief Minister Mamata Banerjee took to her Twitter handle to share good wishes on the occasion of the Rath Yatra festival, writing, “Greetings to all my brothers and sisters on the occasion of the #RathYatra Festival. May the blessings of Lord Jagannath be showered on all, specially during this disturbing time of the COVID-19 pandemic. Jai Jagannath.”

The Union Home Minister Amit Shah also extended wishes, he tweeted, “I extend my warm greetings to all, on the auspicious occasion of Rath Yatra. May Maha Prabhu Jagannath bless everyone with good heath, joy and prosperity. Jai Jagannath!”

The Supreme Court on Monday modified its earlier order and allowed the annual Jagannath Rath Yatra in Odisha’s Puri to be held with the coordination of the Temple committee, State and Central government without compromising with the health issue pertaining to COVID-19.

Apex had earlier stayed the annual Rath Yatra at Jagannath Temple in Puri, which is slated to be held on June 23, and all activities related to the gathering in view of the coronavirus pandemic this year.

In another update, a priest at the Jagannath temple has tested positive for COVID-19 on Tuesday ahead of Lord Jagannath Rath Yatra in Puri, and reports state that he will not be allowed to participate in the festival.

State Law Minister Pratap Jena told ANI, “Puri Jagannath temple sevayat (Priest) is found COVID-19 positive. He will not be allowed to participate in Rath Yatra.”

“All the rituals are smoothly running on time after the Apex Court gave permission to hold the annual Lord Jagannath Rath Yatra festival without devotees,” he added.

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