6th and 7th May Most Important News.

Covid-19: India crosses 50k cases; hits new peak of 3600 cases in a day

India went past two grim Covid-19 milestones on Wednesday – crossing the 50,000 mark overall and breaching the 3,000-figure in its daily tally for the first time. With 3,602 new patients – the biggest in a day since the outbreak of the pandemic - the total number of positive cases in the country rose to 52,935. The number of active Covid-19 cases are growing faster at 6.6% now, leading to a shorter doubling time of 11 days, as compared to 15 days on May 2 when the growth rate for such cases was 4.8%, analysis by economist Shamika Ravi, earlier part of the PM’s Economic Advisory Council, shows. "If containment, contact-tracing is poor, active cases will keep rising," she said.

Israel's ambassador to India:'Of course, we will share it with the world'

Israel's ambassador to India Ron Malka on Wednesday said that his country is in an advanced stage of a breakthrough on developing an antibody to the novel coronavirus and is awaiting results of clinical trials. "...Yes, of course, we will share it with the world," Malka said adding that it was "too early to know if it is ready for mass development."

Zomato targets push into alcohol deliveries: Report

Food delivery company Zomato aims to branch out into delivering alcohol, as per media reports, as it seeks to cash in on high demand for booze during the coronavirus lockdown. Zomato has already diversified into grocery deliveries as the restrictions on movement shuttered some restaurants and people hesitated to order outside food due to fear of infection.

Govt extends last date for filing annual GST return for FY19 till Sept

The government has extended the last date for filing annual GST return for the financial year 2018-19 by three months till September 2020. In another trade-friendly move, the Central Board of Indirect Taxes and Customs (CBIC) has also extended the validity of e-way bills that were generated on or before March 24 and had expiry between March 20 and April 15, 2020.

NIAB develops portable coronavirus detection kit

National Institute of Animal Biotechnology (NIAB) have developed a portable device ‘eCovSens’, a biosensor that can detect the coronavirus in saliva samples.The device gives results within 30 seconds using just 20 micro-litres of the sample.The device consists of a carbon electrode and coronavirus antibody.

India to send nearly 1,000 tonnes of paracetamol raw material to Europe

India will supply Europe with about 1,000 tonnes of the active pharmaceutical ingredient for common pain reliever paracetamol, a top exports body said, easing export controls on over-the counter medicines used to cope with Covid-19 symptoms. The Indian government in March put a hold on exports of several drugs including paracetamol.

Other News

Dubai has announced new date for the Mega World Expo 2020 from 1st Oct 2021 to 31st March 2022. Expo 2020 Dubai theme: ‘Connecting Minds, Creating the Future’.

Union Health Minister Dr. Harsh Vardhan launched 'COVID Katha', a multimedia guide on the Covid-19 disease on 50th DST Foundation Day. It is a comprehensive science and health communication initiative along with an online multimedia resource guide of Corona virus. It is easily accessible through smart phone, desktop, and other electronic devices.

Facebook has collaborated with some of the biggest names in Indian entertainment to put together a home-to-home fundraiser concert, ‘I For India’. 100% proceeds from the concert will go to the COVID Response Fund by GiveIndia (www.giveindia.org), to support relief efforts.

The Reserve Bank of India (RBI) cancelled the license of CKP Co-operative Bank Ltd., Mumbai, to carry on banking business, with effect from April 30, 2020. The financial position of the bank is highly adverse and unsustainable. It was not Meeting the requirement of minimum capital and reserves of the RBI.

Indian Railways start Shramik Special Trains to move migrant workers, pilgrims, tourists, students, and other persons stranded at different places due to lock down. These special trains will be run from point to point on the request of both the concerned State Governments.

Max Bupa Health Insurance has appointed Krishnan Ramachandran as its new managing director (MD) and chief executive officer (CEO). He succeeds Ashish Mehrotra.

IT Bombay Professor Saurabh Lodha has received Young Career Award in Nano Science & Technology 2020 for Advanced Transistor Technologies by DST. His work includes development of logic transistor technologies beyond silicon and nanoelectronic devices based on 2D Van der Waals materials.

Indian Navy has launched Operation “Samudra Setu” (Sea Bridge), as a part of national effort to repatriate Indian citizens from overseas. This operation is being progressed in close coordination with Ministries of Defence, External Affairs, Health, MHA and various other Government agencies and State governments.

Lt Gen Raj Shukla assumed the command of the Army Training Command (ARTRAC). The Army Training Command or ARTRAC, is one of the seven commands of the Indian Army based at Shimla.

US President Donald Trump has nominated Indian American Ashok Michael Pinto as a representative to the International Bank for Reconstruction and Development.

The Insurance Regulatory and Development Authority of India (IRDAI) has set up a panel to frame standard professional indemnity policy for insurance intermediaries that can be issued by all the insurers. It is headed by Yegnapriya Bharat.

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