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  • Pak conducts highest number of coronavirus tests over 24-hour period as cases cross 48,000-mark

    PTI

    Islamabad, May 21: Pakistan conducted the highest number of tests per day during the last 24 hours as the coronavirus cases crossed 48,000-mark on Thursday, the health ministry said.

    Pakistan recorded 2,193 new cases, taking the total number of infections to 48,091. The death toll stands at 1,017 with 32 new fatalities.

    As many as 15,346 coronavirus tests, the highest in a single day, were conducted in the last 24 hours, health officials said.

    The authorities have conducted 429,600 tests so far.

    Sindh reported the maximum number of 18,964 cases, followed by 17,382 in Punjab, 6,815 in Khyber-Pakhtunkhwa, 2,968 in Balochistan, 1,235 in Islamabad, 579 in Gilgit-Baltistan and 148 in Pakistan-occupied Kashmir.

    As many as 14,155 patients have recovered so far, the officials said.

    The number of daily testing increased after Planning Minister Asad Umar on Tuesday said that 30,000 tests per day would be sufficient for Pakistan to control the spread of the deadly virus.

    Pakistan is in a position to conduct over 25,000 tests per day, he said, expressing hope that by May-end or early June the country would be able to conduct 30,000 tests per day.

  • Over 6,000 COVID-19 cases in the past 24 hours in India, highest single day rise

    India registered a spike of 6,088 COVID-19 cases in the last 24 hours, making it the highest single-day rise here since the start of the pandemic, according to figures released by the Health Ministry on Friday.

    As many as 148 new deaths have also been registered. India’s tally now stands at 118447 cases, 3583 deaths and 48,534 recoveries.

  • Rupee falls 34 paise to close at 75.95 against US dollar

    PTI

    The rupee depreciated 34 paise to provisionally close at 75.95 against the US dollar on Friday as the Reserve Bank of India’s rate cut move failed to cheer investor sentiment.

    Forex traders said weak domestic equities, strengthening American currency overseas, rising coronavirus cases in the country and US-China trade tensions also weighed on the local unit.

    The rupee opened weak at 75.72 at the interbank forex market, fell further, and finally settled at 75.95, down 34 paise over its last close.

    It had settled at 75.61 against the US dollar on Thursday.

    During the trading session, it touched an intra-day high of 75.71 and a low of 75.95.

    The Reserve Bank of India (RBI) on Friday slashed interest rates, extended moratorium on loan repayments and allowed banks to lend more to corporates in an effort to support the economy which is likely to contract for the first time in over four decades.

    “RBI’s rate cut move couldn’t cheer forex traders. The 40 bps repo rate cut move was in line with market expectations, but it didn’t provide full-fledged restructuring of loans and also didn’t give the FY21 GDP (outlook) figure,” said Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.

    Mr. Gupta further said that “the RBI will have to take sector-specific measures to bring in this transmission”.

    Going ahead, the investors’ focus will be on KKR and Reliance Industries’ Jio related inflows of nearly USD 1 bln and foreign institutional investor (FII) participation in Reliance Industries Limited (RIL) rights issue, he noted.

    Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose by 0.35 per cent to 99.72.

  • GDP growth in 2020-21 likely to go negative, says RBI Governor

    ‘The biggest blow is to private consumption that accounts for 60% of domestic demand’

    PTI

    The Reserve Bank on India (RBI) on Friday said India’s Gross Domestic Product (GDP) growth will be in negative territory in 2020-21 as the outbreak of COVID-19 has disrupted economic activities.

    In a televised address, RBI Governor Shaktikanta Das said the global economy is heading into recession. He also said inflation outlook is “highly uncertain”.

    “Domestic economic activity has been impacted severely by the two-month lockdown,” he said and added that the top-six industrialised states that account for 60% of India’s industrial output are largely in red and orange zones.

    He said high-frequency indicators point to collapse in demand, and there is a plunge in demand for electricity and petroleum productions.

    The biggest blow is to private consumption that accounts for 60% of domestic demand, the governor said.

    Mr. Das said the combined impact of demand compression and supply disruption will depress economic activity in the first half of the current fiscal.

    “Assuming that economic activity gets restored in a phased manner in the second half of this year and taking in consideration favourable base effect, it is expected that combined fiscal, monetary and administrative measures currently undertaken by both the government and RBI create conditions for gradual revival of activities in the second half of 2020-21.

    “GDP growth in 2020-21 is estimated to remain in the negative territory with some pick up in growth impulses in the second half of 2020-21 onwards,” he said.

    On inflation, Mr. Das said headline inflation may remain firm in the first half of the current financial year, and ease in the later part of the year.

  • U.S. to pull out of Open Skies treaty, Trump’s latest treaty withdrawal

    The administration said Russia had repeatedly violated the pact’s terms.

    Reuters

    The United States said on Thursday it would withdraw from the 35-nation Open Skies treaty allowing unarmed surveillance flights over member countries, the Trump administration’s latest move to pull the country out of a major global treaty.

    The administration said Russia had repeatedly violated the pact’s terms. Senior officials said the pullout would formally take place in six months, but President Donald Trump held out the possibility that Russia could come into compliance.

    “I think we have a very good relationship with Russia. But Russia didn’t adhere to the treaty. So until they adhere, we will pull out,” Mr. Trump told reporters.

    His decision deepens doubts about whether Washington will seek to extend the 2010 New START accord, which imposes the last remaining limits on U.S. and Russian deployments of strategic nuclear arms to no more than 1,550 each. It expires in February.

    Mr. Trump has repeatedly called for China to join the United States and Russia in talks on an arms control accord to replace New START. China, estimated to have about 300 nuclear weapons, has repeatedly rejected Mr. Trump’s proposal.

    White House national security adviser Robert O’Brien told Fox News Channel later on Thursday that he did not expect the United States to leave the New START accord.

    NATO allies and other countries like Ukraine had pressed Washington not to leave the Open Skies Treaty, whose unarmed overflights are aimed at bolstering confidence and providing members forewarning of surprise military attacks.

    In Moscow, RIA state news agency quoted Russian Deputy Foreign Minister Alexander Grushko as saying that Russia had not violated the treaty and nothing prevented the continuation of talks on technical issues that Washington calls violations.

    The Open Skies decision followed a six-month review in which officials found multiple instances of Russian refusal to comply with the treaty.

    Last year, the administration pulled the United States out of the Intermediate-range Nuclear Forces Treaty with Russia.

    A senior administration said U.S. officials had begun talks in recent days with Russian officials about a new round of nuclear arms negotiations to “begin crafting the next generation of nuclear arms control measures.”

    Treaty took effect in 2002

    Mr. Trump’s arms control negotiator mounted a full-blown defense of the administration’s arms control policies, focusing on the president’s proposal that China join the United States and Russia on a replacement for New START.

    “We know how to win these races and we know how to spend the adversary into oblivion. If we have to, we will, but we sure would like to avoid it,” Special Presidential Envoy for Arms Control Marshall Billingslea told the Hudson Institute think tank.

    The Open Skies treaty, proposed by U.S. President Dwight Eisenhower in 1955, was signed in 1992 and took effect in 2002. The idea is to let member nations make surveillance flights over each other’s countries to build trust.

    The officials cited a years-long effort by Russia to violate the terms, such as by restricting U.S. overflights of Russia’s neighbour Georgia and the Russian military enclave in Kaliningrad on the Baltic coast.

    In addition, they said Russia had been using its own overflights of American and European territory to identify critical U.S. infrastructure for potential attack in time of war.

    Some experts worry that a U.S. exit from the treaty, which will halt Russian overflights of the United States, could prompt Moscow’s withdrawal, which would end overflights of Russia by the remaining members, weakening European security at a time that Russian-backed separatists are holding parts of Ukraine and Georgia.

    Mr. Trump’s decision to leave the treaty is “premature and irresponsible,” said Daryl Kimball, head of the Washington-based Arms Control Association.

  • NIA court rejected bail plea of a cleric arrested 2 years after leading militant’s funeral

    Srinagar: A special NIA court in Anantnag has denied bail to a cleric, farmer by profession, who was arrested on March 3 this year, 726 days after leading funeral prayers of a militant from his native village, Damhal Hanjipora in south Kashmir’s Anantnag district.

    The funeral of the militant Amir Tantray, killed in an encounter with joint team of police and army on 25 October 2018 at Arwani Bijbehara, was held next day.

    As per prosecution, when the militant’s body was brought to his native village, the people of the area assembled. “The accused Mohammed Iqbal Bhat being cleric and one another cleric namely Tariq Ahmad headed and performed funeral of the deceased militant. In the meanwhile few miscreants raised anti-national slogans and raised slogans in favour of the Pakistan. They also instigated the youth for providing assistance in carrying out the militant activities,” the prosecution said as per global news service.

    On receiving the information, the prosecution said that a case (FIR No. 107/2018) for the offence under section 153 RPC, 13 ULA(P) Act and 2 PINH was registered with Police Station D.H.Pora and investigation commenced.

    “During the course of investigation statement of witnesses were recorded under section 161 Cr.PC. The accused was also found to have perpetrated the crime and as such he was booked in the offences and was accordingly arrested on 03.03.2020. The accused is under proper judicial remand,” the prosecution said, contending that accused “is involved in heinous offences against the sovereignty and integrity of the country.”

    On the other hand, the accused, Mohammad Iqbal Bhat, said he is a farmer by profession and one of the peace-loving citizens who has been “falsely implicated.”

    Bhat said he is a respected persons, most particularly in the area where he resides and does not having any previous criminal record.

    Surprisingly, Bhat said he received a telephone call from Police Station D.H. Pora that an FIR has been lodged against him and asked him to appear before the police. On approaching the police station on March 3 this year, he said, police detained him.

    “On over all analysis of the matter in its totality, I am of the considered opinion that applicant/accused has failed to establish a reasonable and cogent ground for grant of bail at this stage and as such in view of the preceding analysis, there appears to be no merit and substance in the bail application of the applicant/accused,” said Special Judge (Designated Court Under NIA) Additional Sessions Judge Anantnag Khalil Ahmad Choudhary and accordingly dismissed the application being “devoid of any merit.” (GNS)

  • J&K L-G Murmu greets people on occasion of ‘Jumat-ul-Vida’

    PTI

    Jammu and Kashmir Lieutenant Governor Girish Chandra Murmu on Thursday conveyed his greetings to the people of the union territory on the occasion of Jumat-ul-Vida.

    He observed that Jumat-ul-Vida has a great spiritual significance and is an auspicious occasion.

    Murmu said he hoped this occasion would be a harbinger of brotherhood, amity and harmony among the people and prayed for peace, progress and prosperity in Jammu and Kashmir.

  • Coronavirus-triggered layoffs in U.S. hit nearly 39 million

    The pandemic is still damaging businesses and destroying jobs.

    AP

    The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their economies and let people go back to work.

    More than 2.4 million people filed for unemployment last week in the latest wave of layoffs from the business shutdowns that have brought the economy to its knees, the Labor Department said.

    That brings the running total to a staggering 38.6 million, a job-market collapse unprecedented in its speed.

    The number of weekly applications has slowed for seven straight weeks. Yet the figures remain breathtakingly high – 10 times higher than normal before the crisis struck.

    And the continuing rise shows that even though all states have begun reopening over the past three weeks, employment has yet to snap back and the outbreak is still damaging businesses and destroying jobs.

    “While the steady decline in claims is good news, the labor market is still in terrible shape,” said Gus Faucher, chief economist at PNC Financial.

    Federal Reserve Chairman Jerome Powell said over the weekend that U.S. unemployment could peak in May or June at 20% to 25%, a level last seen during the depths of the Great Depression almost 90 years ago. Unemployment in April stood at 14.7%, a figure also unmatched since the 1930s.

    Over 5 million people worldwide have been confirmed infected by the virus, and about 330,000 deaths have been recorded, including more than 93,000 in the U.S. and around 165,000 in Europe, according to a tally kept by Johns Hopkins University and based on government data.

    Experts believe the true toll is significantly higher.

  • Release J&K political detainees, urges Concerned Citizens’ Group

    The Concerned Citizens’ Group (CCG), headed by former Union Finance Minister Yashwant Sinha, sought the release of all political detainees in Jammu and Kashmir on Eid-ul-Fitr.

    “Many senior political leaders, including a former Chief Minister [Mehbooba Mufti], continue to be in detention in several cases under the draconian Public Safety Act. Meanwhile, there are attempts to incubate artificial political processes – through the village and local body elections and facilitating the launch of a new political party. However, these processes have failed to fill the political vacuum,” the CCG said in a statement. It wanted the Centre to release all those detained since August last.

    The Union government had also used the lockdown to implement domicile laws for the Union Territory that should have been debated by people’s representatives and affected citizens. “Do not use the lack of a legislative Assembly to push through policies with long term consequences,” it said.

    ‘Restore 4G Net’

    The CCG demanded the restoration 4G Internet in J&K to alleviate the problems of businessmen, traders, healthcare professionals and, most importantly, students so that they do not lose an academic year.

    “The communication lockdown – permitting only 2G Internet, premised on the assumption that faster Internet speeds help terrorists — is causing havoc not only in banking, trade, business and healthcare but in the field of education as well. The 2G technology cannot sustain online learning, which is a ready option being used in the rest of the country. The problem is particularly acute for students who have returned home because of the pandemic from universities and colleges in the rest of India. They cannot attend online classes and webinars or submit assignments. They may not be able to appear for online end-semester examinations which universities and colleges plan to hold soon,” it said.

    The other members of the group are former National Chief Information Commissioner Wajahat Habibullah, Air Vice-Marshall (Retd.) Kapil Kak, senior journalist Bharat Bhushan and Sushobha Barve.

    With inputs from The Hindu

  • Elderly woman’s sample tests positive day after death, J&K covid-19 toll rises to 20

    Srinagar: Kashmir Valley on Thursday reported second death due to covid-19 after samples of an elderly woman from Bemina Srinagar, who died at a hospital here yesterday, returned positive for the novel coronavirus.

    Earlier, around noon, a 70-year-old woman from Parisabad Budgam, who had tested positive for the disease few days ago, died at the CD hospital, one of the facilities exclusively meant for the management of the Covid-91 patients.

    Officials said that the 80-year-old woman from Usmania Colony Bemina Srinagar was admitted in SMHS Hospital here with “bilateral pneumonia and hypertension” on May 19 and was kept in Isolation Ward.

    “She died on May 20 evening and was kept in GMC Srinagar mortuary. Her COVID test report came today as COVID-19 positive,” Dr. Salim Khan, nodal officer for COVID-19 at the Government Medical College Srinagar told GNS.

    Earlier a 70-year-old woman who was initially admitted in SMHS Hospital on May 15 and tested positive for COVID-19 later, died at CD hospital. She was shifted to CD Hospital Srinagar on May 18 with restrictive lung disease and COVID pneumonia, Dr. Salim Khan said. “She died around noon in ICU of CD Hospital after sudden cardiac arrest,” he added.

    With two deaths, the toll due to the coronavirus in Jammu and Kashmir has risen to 20—18 from Kashmir and 2 from Jammu division.

    The death of the octogenarian has taken Srinagar district’s toll to 6, highest in any district, followed by Baramulla 4, Anantnag 4, Budagm 2 while one death each has been reported in Bandipora, Kulgam, Udhampur, and Jammu. (GNS)