The daily #COVID19 tally in India jumped by 24% in the last 24 hours with over 16,900 new cases being reported on July 13 even as #WHO warned that the pandemic was ‘nowhere near over’.
Active cases has surpassed the one lakh mark, comprising 0.3% of the total infections.
Over 45 deaths due to #COVID19 have also been recorded, taking the total tally to 5,25,519. Odisha reported its first Covid death in two months yesterday.
Most of the deaths were recorded in Kerala, which saw 17 deaths, while #Maharashtra & #WestBengal accounted for 13 deaths.
#Mumbai has reported a 79 percent surge in daily Covid cases, with 400 reported on Wednesday. The state of Maharashtra, recorded 2,435 fresh cases.
Odisha saw its caseload rise to 1.2 lakhs and West Bengal's #COVID19 death toll rose to 21,251 after five more died in the state.
Telangana stands sixth in the list of most-active cases with 5,000 cases. Kerala has the second-highest caseload and has been witnessing a steady rise in the number of deaths too.
New Delhi's positivity rate is at 2.90% with 400 cases and one death on June 12.
Meanwhile, the World Health Organisation (WHO) also warned all country governments and healthcare systems to take steps to curb the spread of infection as the number of new cases worldwide had risen by 30% in the last two weeks.
India is a trade deficit country, meaning it imports more than it exports — this forces the country to maintain large forex reserves. The ongoing pressure on the #Rupee and its decline against #dollar pushed #RBI to put in place a mechanism to allow international trade in rupees.
Since India is a net importer – with its imports exceeding exports by over $87 billion in 2021-22 – and the value of Indian #Rupee declining consistently, #RBI’s latest decision to allow international trade in rupees is expected to reduce the pressure on India’s forex reserves.
Starting a business is never easy, more so for women. It is hard to find validation and convince people that you mean business.
Movie producer turned interior designer #GauriKhan, who ventured into creating luxurious spaces has not had it easy with her brand Gauri Khan Designs.
In conversation with @BiIndia, #GauriKhan says it is difficult for people to have real faith in you. “There will be a lot of people especially in my field, when they will have faith in you it is because you are married to so & so but on the other hand it's a drawback.” said Khan.
Indian #tech firms have spent $396 billion in US sales output. This supported 1.6 million jobs in total and contributed $198 billion to the US #economy, which is larger than the combined economies of 20 US states in 2021, according to a NASSCOM report.
The sector directly generated $103 billion of revenue in the USA, while employing 207,000 people last year. The Indian tech industry created an average wage of $106,360 for the #employees in the US, according to the report.
#RBI’s efforts to keep the #Rupee stable and cut down the use of the US Dollar – a decades-old habit that most of the world seems unable to shake off – has seen an earnest beginning with the central bank now allowing invoicing of international trade in Rupees.
What is international trade settlement in #Rupees?
When countries import and export goods and services, they have to make payments in a foreign currency. Since the US Dollar is the world’s reserve currency, most of these transactions are entered into US dollars.
Prafull Billore (@Prafull_mbachai) led tea cafe chain MBA Chai Wala is all set to mark its territory in 200 Indian cities by the end of this year, generating over a 1,000 #jobs.
Billore — a son of a farmer — founded MBA Chai Wala as ‘Mr Billore Ahmedabad’ in 2017 after failing to crack #CAT. He wanted to do MBA and work at a multinational corporation, but instead he opened a small ‘thela’ cart outside his dream college IIM Ahmedabad.
Packaged and branded food items (except frozen) like meat, fish, crud, paneer, honey, dried leguminous vegetables, dried makhana, wheat and other cereals, wheat or meslin flour, jaggery, puffed rice (muri) have been brought under #tax slab under the five percent slab.
Hotel rooms under ₹1,000 per day, which were not taxed earlier will now attract a 12 percent #tax. Non-ICU hospital rooms under ₹5,000 per day, that were exempted from #GST will now be charged with a five percent tax.