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Issue Rs 200 currency notes, industry chamber urges government

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Mumbai, Nov 17 (IANS) The All India Association of Industries (AIAI) on Thursday urged the government to come out with new Rs 200 currency notes to help tide over the ongoing crisis following demonetisation of Rs 500 and Rs 1,000 notes.

AIAI President Vijay Kalantri, while lauding demonetisation, said thought the announcement was well received, its impact was felt only later as the people panicked and queued up outside banks and ATMs.

“Banks are not ready with enough supply of smaller denomination notes and the common man is facing severe problems in day-to-day transactions of the (new) high-denomination Rs 2,000 notes,” he said.

Moreover, the new Rs 2,000 notes are smaller in size compared to the old notes and the ATMs have not been calibrated to dispense them with the results that they can store less cash and that too gets exhausted quickly.

In view of the practical difficulties for the people, Kalantri said the government should consider introducing Rs 200 currency notes which can ease the waiting period, without the fear of this denomination becoming counterfeit.

He added that the government should have planned the implementation of demonetisation more effectively by creating awareness which would have boosted confidence levels and prevented the panic situation experienced today.

The people continue to be frantic spending long hours in unending queues outside banks and ATMs, while the informal economy is the worst-hit with the poor and marginalised suffering the maximum, Kalantri pointed out.

Besides, he said the daily businesses and MSMEs dependent on cash for their daily operations are hit badly and though the government increased withdrawal and deposit caps, it will still be a few weeks before the situation stabilises.

“Considering that the informal sector accounts for about 45 percent of the GDP and around 80 percent of employment, imposing a sudden ban on cash liquidity can be very damaging both in terms of growth and equity,” Kalantri said.

He cautioned that India still has to go a long way to put in place infrastructure for a cashless economy and the country must first overcome the low levels of digital literacy.

“Besides addressing these challenges, it must be noted that some of this cash is held by hundreds of millions of the poor as savings for meeting emergencies, and they have little else to fall back upon,” said Kalantri, adding that though the demonetisation move is bold, it has resulted in huge chaos and cost.

Cities

What happened to our officer in Mumbai is not right: Bihar CM

Kumar, however, did not talk about the CBI probe in the death of Bollywood actor Sushant Singh Rajput.

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Patna, Aug 3 : Bihar Chief Minister Nitish Kumar has expressed his displeasure over the way Bihar Police IPS officer Vinay Tiwari, who is in Mumbai to probe Sushant Singh death case, was treated by the Mumbai Police. Tiwari was forcibly quarantined upon arrival in Mumbai by Brihanmumbai Municipal Corporation officials. The Chief Minister said whatever happened with Tiwari in Mumbai is not right.

Talking to media persons in Patna, Kumar said, “What happened to the IPS officer who went to Mumbai to investigate the Sushant case was not right. He was carrying out his duty.”

Kumar further said that the Director General of Bihar Police will talk to the officials of Maharashtra about the alleged mistreatment of Tiwari.

Kumar, however, did not talk about the CBI probe in the death of Bollywood actor Sushant Singh Rajput.

Rajput was found dead in his apartment in Mumbai on June 14, in what the Maharashtra Police said was a case of suicide.

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India

Your last minute Raksha Bandhan gifts guide

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New Delhi, Aug 3 : Nothing should stop you from making siblings feel loved this Raksha Bandhan. If you are still searching for the perfect Raksha Bandhan gift for your sibling, here is a list of last minute gifting options you can grab from your nearest shopping mall.

Whisky

You can gift the The Glenlivet 12 YO to your brother which is one of the classiest, most sophisticated malts. This whisky has been called a lot of things in its time: smooth, fruity, complex, sophisticated, entertaining, classic. Representing The Glenlivet’s signature style, this classic malt is first matured in traditional oak, before spending time in American oak casks which impart notes of vanilla and gives the whisky it’s distinctive smoothness. The mineral-rich water that comes from Josie’s Well helps form the flavours during mashing and fermentation, whilst the specific height and width of the copper stills add a delicate yet complex character.

Price: Starts at Rs 3,500

Wine

If your sister is a wine lover, gift her Jacob’s Creek wine which is rooted in 175 years of wine-making tradition. It is one of Australia’s leading global wine brands, offering quality with great varietal expression. A bottle of Jacob’s Creek is more than a wine, it is a warm, generous, life-loving attitude as it is created with consumers and their evolving tastes in mind.

Price: Starts at Rs 1,100

Hair Straightener

Philips SenseIQ Hair Straightener is for those who love styling their hair. This intelligent hair straightener’s sensors measure hair temperature more than 20,000 times per styling session to quickly adapt temperature to lock in up to 70 percent of the hair’s natural moisture. It helps in maintaining the hair’s essential strength providing vibrant shine on the outside and healthy strong hair on the inside.

Price: On request

Hair Dryer

To provide the most effective yet protective hair drying, Philips SenseIQ Hair Dryer’s sensors measure hair temperature more than 4,000 times per styling session to quickly adapt temperature to lock in up to 90 percent of hair’s natural moisture. This results in hair which is dry yet retains natural moisture.

Price: On request

Philips Facial Pen Trimmer

DIY facial hair removal is often a concern for women, especially now when salon visits are being given a miss. However, the Philips Facial Pen Trimmer will be the perfect solution for hair removal from eyebrows, upper lips, and forehead. Featuring a compact and portable design and providing a pain-free experience, the trimmer comes with a click on comb and cleaning brush.

Price: On request

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India

‘Students will need Covid tests every 2-3 days to keep campus safe’

The analytic modelling study of a hypothetical cohort of 4,990 college-age students without SARS-CoV-2 infection and 10 students with undetected asymptomatic cases of SARS-CoV-2 infection were conducted.

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New York, Aug 3 : To fight against novel coronavirus, researchers have revealed that college students would need to be tested for Covid-19 infection in every two to three days for safely reopen of campuses this fall.

The study, published in the journal JAMA Network Open, defines the screening performance standards for SARS-CoV-2 tests that would permit the safe return of students to the US residential college campuses this fall.

“In the absence of an effective vaccine, the best hope for reopening campuses in the fall is likely to be a robust strategy of behaviour-based prevention combined with regular monitoring to rapidly detect, isolate, and contain Covid-19 infections when they occur,” said the study authors from the Yale University in the US.

For the study, the research team used epidemic modelling to test different monitoring programmes that would minimise Covid-19 cases and also maintain a college’s ability to isolate and quarantine infected students.

The analytic modelling study of a hypothetical cohort of 4,990 college-age students without SARS-CoV-2 infection and 10 students with undetected asymptomatic cases of SARS-CoV-2 infection were conducted.

The findings suggested that frequent screening (every two days) of all students with a low-sensitivity, the high-specificity test might be required to control outbreaks with manageable isolation dormitory utilisation at a justifiable cost.

The research team found that every infection prevention strategy on the table will be crucial to preventing campus outbreaks — including frequent hand-washing, wearing masks, social distancing in classrooms and dorms.

In this modelling study, symptom-based screening alone was not sufficient to contain an outbreak, and the safe reopening of campuses in fall 2020 may require screening every two days, uncompromising vigilance, and continuous attention to good prevention practices, the researchers said.

“The safe return of students to residential colleges demands an effective SARS-CoV-2 monitoring strategy,” the study authors wrote.

“Results suggest that a highly specific screening test that can easily be administered to each student every one to seven days,” they added.

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