Delhi reports first case of South African variant of COVID-19 : Bulletin: Business Today
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Delhi reports first case of South African variant of COVID-19

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Rashi Bisaria | March 17, 2021

Delhi reports first case of South African variant of COVID-19; 33-year-old man tests positive

A 33-year-old man, admitted at the LNJP hospital, became the first confirmed case of South African COVID-19 variant in Delhi. He was admitted to the hospital about a week ago and has been kept in isolation at a separate unit. The Centre said India had reported four cases of the South African variant of SARS-CoV-2 and one case of the Brazil variant a month ago.

Banking services hit across country due to 2-day bank strike

The two-day strike called by bank employees' union, ending Tuesday, severely hit banking services across the country. The United Forum of Bank Unions (UFBU), an umbrella organisation of nine bank unions, had called the two-day strike to protest against the Centre's decision to privatise public sector banks.

RBI imposes Rs 2 crore penalty on SBI for regulatory violations

The Reserve Bank of India (RBI) has slapped a monetary penalty of Rs 2 crore on State Bank of India (SBI) for deficiencies in regulatory compliance. The penalty is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the central bank said in a release.

Retail sales at 93% of pre-COVID levels in Feb; industry expects revival by June

After braving a rough year, Indian retail sector has managed to post sales at 93 per cent of pre-COVID levels, an industry survey indicated. With different segments of the retail industry maintaining a steady pace of recovery, there is improvement across various regions of the country too.

Govt places order for 10 crore Covishield doses with Serum Institute

The Centre has placed a new purchase order with the Serum Institute of India (SII) for the supply of 10 crore doses of the Oxford-AstraZeneca COVID-19 vaccine, Covishield, each costing Rs 157.50, including GST, according to official sources. The HLL Lifecare Limited, a public sector undertaking, has issued the supply order on behalf of the Union health ministry on March 12

'India should not go back to licence raj': Nobel laureate Paul Krugman

Nobel laureate Paul Krugman said that India should not go back to the "licence raj" regime, adding that the country should have a deliberate policy to foster industries. The economist was addressing a virtual event organised by Ashoka University when he said that the income inequality issue is a severe one in India.The licence raj was dismantled when the liberalisation policy was introduced in 1991.

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