COVID second wave to peak by mid-May, 5,600 daily deaths likely : Bulletin: Business Today
Business Today

COVID second wave to peak by mid-May, 5,600 daily deaths likely

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Shailendra Shukla | April 24, 2021

Nestle apologise for wrongly depicting Keibul Lamjao National Park on packaging

FMCG major Nestle India on Friday apologised for wrongly depicting Manipur's Keibul Lamjao National Park location in Meghalaya on the packaging of its KitKat chocolate after objection by authorities from the state government. The packaging of the particular batch of the KitKat travel break chocolate had also displayed a picture of a Red Panda, a species that is not found at the Keibul Lamjao National Park.

Facebook to integrate user feedback on News Feed arrangement

Facebook Inc said on Thursday it was taking steps to incorporate direct feedback from users to arrange their News Feed as per their preference. Facebook's News Feed, which comprises posts from friends and businesses, is the first thing users see when they open their account on the mobile app or go to the website. The company is running tests globally to get more specific feedback from users on what they want to see, wrote Facebook in a blog post.

Bitcoin plunges below $50,000 as cryptos slip over US Prez Biden's tax plans

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets. The selloff came after reports that the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million. Bitcoin slumped 5% to $48,8867, while smaller rivals Ether and XRP fell around 7%.

Vaccinating Indians above 18 years to cost less than 1% of annual GDP: India Ratings

The cost of vaccinating all Indians above the age of 18 years against COVID-19 will be just 0.36% of India's annual GDP (Gross Domestic Product), according to a study by India Ratings and Research (Ind-Ra). It pegged the overall cost at Rs 67,193 crore, of which states will incur Rs 46,323 crore. The evaluation has been released at a time when the Centre and states are engaged in a debate over the pricing difference of coronavirus vaccines.

COVID-19: Second wave in India to peak by mid-May, 5,600 daily deaths likely

Even as India battles the second wave of COVID-19 pandemic, a study by an American university has warned that daily deaths in the country are expected to peak at 5,600 by May 10. In a study titled 'COVID-19 projections', published on April 15, the University of Washington's Institute for Health Metrics and Evaluation (IHME) said over 3 lakh people may lose their lives to COVID-19 between April to July alone. It said the COVID-19 pandemic is going to get worse in the country in the coming weeks, adding that effective vaccination rollout can help tide over the pandemic.

RBI bars American Express, Diners Club from onboarding new domestic credit card customers

The Reserve Bank of India has barred American Express and Diners Club from onboarding new domestic credit card customers from May 1 for violating the central bank's norms on storage of payment systems data. Through a circular in April 2018, RBI had asked payment system providers to ensure that within a period of six months the entire data (full end-to-end transaction details/information collected/carried/processed as part of the message/ payment instruction) relating to payment systems operated by them is stored in a system only in India. Besides, they were also required to report compliance to RBI and submit a board-approved System Audit Report (SAR) conducted by a CERT-In empanelled auditor within the timelines specified.

COVID-19: Defence Ministry to airlift 23 oxygen plants from Germany

The Defence Ministry on Friday said it will airlift 23 mobile oxygen generation plants from Germany to augment the supply of medical oxygen amidst a shortage in the country because of the rising COVID-19 cases. The oxygen will be used at the COVID-19 hospitals being run by Armed Forces Medical Service (AFMS) across the country. The oxygen generating plants are expected to arrive within a week. Each plant has a capacity to produce 40 litres of oxygen per minute and 2,400 litres an hour, which can cater to 20-25 patients round the clock.

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