YK MYK GOVERNMENT HAS LITTLE CONCERN FOR POOR AT THIS PERIOD OF VIRUS OPINION Rs. 5 RANCHI MONDAY, 12 APRIL, 2021 PG-12, YEAR—10, ISSUE—335 (RNI NO: JHAENG / 2012 / 44137) WEATHER TODAY MAX 33 C MIN 21 C Sky will be partly cloudy. AT A GLANCE MOTHER OF LYNCHED BIHAR COP DIES OF SHOCK PATNA: Urmila Devi, the 70-year-old mother of a senior Bihar police official Ashwani Kumar, who was allegedly lynched by a mob in West Bengal, died of shock in Purnea district on Sunday. Police said that the Station House Officer (SHO) of Kishanganj police station Kumar led a police team to Pantapara village near Panjipara under Goalpokhar police station area at Islampur district of West Bengal early on Saturday morning when a mob attacked them. Kumar,50, died on the spot. Soon after hearing the news, Devi, who was a heart patient, became unconscious and went in a deep state of shock that resulted in her death. ‘GOVT TO COMPLETE 5 SURVEYS IN 7 MONTHS ON MIGRANT LABOURERS’ NEW DELHI: The Union government is conducting five different types of surveys through which it aims to collect the data of all migrant workers, maids, professionals, etc. The Labour Bureau of the Ministry of Labour and Employment has been designated to complete these surveys in seven months. Labour Bureau Director General (DG) D.P.S. Negi told IANS: The actual situation of the employment in the country will be clear after the completion of these five surPG 7 veys. CORONA METER INDIA TOTAL CASES: 1,34,35,533 TOTAL DEATH: 1,69,569 WORLD TOTAL CASES: 136,241,302 TOTAL DEATH: 2,941,838 IRANIAN PARLIAMENT FILES CHARGES AGAINST PRESIDENT WORLD Morning India INDIA TO HAVE 5 MORE COVID VACCINES BY OCT Sputnik expected to get emergency use nod in 10 days NEW DELHI: As more and more states flag shortage of COVID-19 vaccine doses, the Central government has pressed the accelerator to scale up vaccine production manifold. Top government sources told ANI that by end of the third quarter of this year, India will be getting vaccines from five additional manufacturers. India currently manufactures Covishield and Covaxin. Explaining the new strategy to manufacture additional vaccine doses, a source said "India currently has 2 COVID19 vaccines being manufactured locally: Covishield and Covaxin, and we can expect five more vaccines by Q3 2021. These vaccines are COVID SPIKE: INDIA PROHIBITS EXPORTS OF REMDESIVIR NEW DELHI: In wake of the recent surge in Covid-19 cases, India on Sunday prohibited the exports of remdesivir injections and active pharmaceutical ingredients (API) till the situation improves. The decision was taken considering a sudden spike in demand for remdesivir, which is used in treatment of Covid-19 patients, a Health and Family Welfare Ministry statement said. Noting India has 11.08 lakh active Covid cases as on Sunday amid an increasing trend, the Ministry said: "There is a potential of further increase in demand of injection remdesivir and remdesivir active pharmaceutical ingredients (API) in the coming days." "In light of the above increasing Covid cases, Government of India has prohibited the exports of injection remdesivir and remdesivir active pharmaceutical ingredients (API) till the situation improves." PG 5 Sputnik V vaccine (in collaboration with Dr. Reddy's), Johnson & Johnson vaccine (in collaboration with Biological E), Novavax vaccine (in collaboration with Serum India), Zydus Cadila's vaccine, and Bharat Biotech's Intranasal Vaccine. Safety and efficacy are the Union government's primary concerns while granting emergency use authorisation (EUA) to any COVID-19 vaccine in the country." Out of almost 20 COVID-19 vaccines in various clinical and pre-clinical stages, Sputnik V vaccine will get the nod first. It is expected that Sputnik is likely to get the EUA within the next ten days. Russian Direct Investment Fund (RDIF) has tied up with a host of Indian pharmaceutical players such as Hyderabad based Dr Reddy's Laboratories, Hetero Biopharma, Gland Pharma, Stelis Biopharma and Vichrow Biotech for the production of vaccine doses. With a production capacity of 850 million doses in the country, Sputnik V will provide a major shot in the arm in the fight against COVID-19. When asked from a toplevel source when will the vaccines be available for use, he said, "Sputnik is expected to be available latest by June, if all goes well Johnson and Johnson ( Bio E) will be available by August, Cadilla Zydus will also be available by RANCHI: Chief Minister (CM) Hemant Soren on Sunday said that he would press the Centre for a law favouring the workers of the country while adding that the labourers are being exploited even in public sector undertakings as well. Addressing an election rally for Hafizul Hasan, the JMM candidate for Madhupur by-election, the CM said that he has already raised the issue with the centre but the latter is silent on it so far. He mentioned that a number of workers from Jharkhand also lost their lives in flooding of the August, Novavex (Serum) by September and Nasal Vaccine (Bharat) by October." The Government is making all efforts to accelerate the progress without cutting any corners in research, development, and clinical trial stages, the source added. The government is taking all steps to augment vaccine production and availability in India. A decision has been taken at the highest level to ensure all steps are taken to help domestic manufacturers to scale up vaccine production manifold. "The Government of India is determined to ensure India remains the pharmacy of the world and Indians have equitable access to the highest quality vaccines in the world. We encourage all COVID-19 vaccine manufacturers to come to India, as the Central Government is ready to provide manufacturing assistance.” Govt may hike FDI limit in pension sector EC STOPPED ME FROM GOING TO SITALKUCHI: MAMATA KOLKATA: A day after the Election Commission disallowed any political party from entering into Cooch Behar following the death of four people in the firing of the central forces, Chief Minister Mamata Banerjee who earlier announced to visit Sitalkuchi in Cooch Behar district on Sunday, accused the poll body of hatching conspiracy against her and alleged that the restriction was imposed only to stop her from meeting the bereaved families. "What has happened in Sitalkuchi is a complete genocide and what the commission is doing after that is unprecedented. First, they have killed people and now they are trying to hush up all the evidence. They are only trying to satisfy the BJP. They imposed this restriction only to stop me from meeting the bereaved families," chief minister Mamata Banerjee said in a press conference in Siliguri on Sunday morning. Bill likely in monsoon session NEW DELHI: The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a Bill to increase FDI limit in the insurance sector from 49 per cent to 74 per cent. The Insurance Act, 1938 was last amended in 2015 which raised FDI limit to 49 per cent, resulting in foreign capital inflow of Rs 26,000 crore in the last 5 years. Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise FDI limit in the pension sector may come in the monsoon session or winter session depending on various approvals, sources said. Currently, the FDI in the pension fund is capped at 49 per cent. Besides, sources said, the amendment Bill may contain separation of NPS Trust from the PFRDA. The powers, functions and duties of the NPS Trust, which are currently laid down under the PFRDA (National Pension System Trust) Regulations 2015, may come under a charitable trust or the Companies Act, they said. The intent behind this is to keep NPS Trust separate from the pension regulator and managed competent board of 15 members. Out of this, the majority of members are likely to be from the government as they, including states, are the biggest contributor to the corpus. The PFRDA was established for promoting and ensuring the orderly growth of the pension sector with sufficient powers over pen- GLOBAL MANUFACTURING ACTIVITY EXPANDS IN MARCH: INDEX BEIJING: The global manufacturing sector expanded at a faster pace last month, according to an index published by the China Federation of Logistics and Purchasing (CFLP). The global manufacturing purchasing managers' index (PMI) stood at 57.8 in March, up by 2.2 percentage points from the previous month, according to the CFLP, Xinhua reported on Sunday. The reading, which marks the second monthly increase, remains in the expansion zone for the ninth consecutive month and indicates further economic recovery worldwide, it said in a statement. The federation attributed the faster growth to market confidence boosted by Covid-19 vaccines. sion funds, the central recordkeeping agency and other intermediaries. It also safeguards the interest of members. The National Pension System (NPS) was introduced by the Government of India to replace the defined benefit pension system. NPS was made mandatory for all new recruits to the central government service from January 1, 2004, (except the armed forces in the first stage) and has also been rolled out for all citizens with effect from May 1, 2009, on voluntary basis. A massive crowd of supporters during an election campaign of WB CM Mamata Banerjee ahead of the fifth phase of the West Bengal Assembly election, at Rajganj in Jalpaiguri on Sunday. ANI Mamata provoked people to attack central forces in Cooch Behar: Shah NORTH 24 PARGANAS DISTRICT: Union Home Minister Amit Shah on Sunday blamed West Bengal Chief Minister Mamata Banerjee for the violence which led to the killing of four people in Cooch Behar during voting in the fourth phase of Assembly polls in the state on Saturday. He said that Mamata's appeal to the people to target security forces provoked the clash and attack on the central forces. Addressing an election rally at Basirhat Dakshin assembly constituency of North 24 Parganas district, the former Bharatiya Janata Party (BJP) president said, "An unfortunate incident has taken place during the fourth phase of polling, where some youngsters have attacked a pooling booth under Didi's misguidance, they tried to Union Home Minister Amit Shah during a road show at Basirhat on Sunday. ANI snatched CISF (Central Industrial Security Force) personnel's weapon, in the circumstances, the CISF personnel had opened fire and four people lost their lives." "This is a sad incident for all of us, but I want to know why these youngsters had to take this step, some days Mamata Didi held a meeting in Sitalkuchi assembly constituency, she had made an announcement and instigat- CM wants Centre to enact law for migrant workers SANJAY SAHAY OUT OF ALMOST 20 COVID-19 VACCINES IN VARIOUS CLINICAL AND PRE-CLINICAL STAGES, SPUTNIK V VACCINE WILL GET THE NOD FIRST. IT IS EXPECTED THAT SPUTNIK IS LIKELY TO GET THE EUA WITHIN THE NEXT TEN DAYS. National Thermal Power Project in Chamoli district in Uttarakhand. The CM urged the people to vote for his party candidate, adding the latter would be a bridge between the state government and the people of Madhupur in the implementation of development projects. The CM said that his government has done better than the previous BJP regime. He claimed that not a single hunger death has occurred in his tenure despite the Covid pandemic, adding such cases were frequent in the BJP rule. Soren mentioned that the so-called double engine gov- ernment had cancelled 11.5 lakh public distribution system cards, adding his government decided to make 15 lakh cards for the needy peo- ple. The CM said that while the previous BJP government closed down thousands of schools depriving many students of education, his gov- ernment has plans to develop 5000 models schools. He stated that notwithstanding the Covid pandemic his ministers have remained in touch with people and their problems and have even risked getting infected to perform their duties. The CM alleged that during a brief period in power he took several historic decisions including the sari-dhoti yojna but the BJP government stopped them. He said the opposition party leaders may approach you as uncle, brother and nephew but think seriously before casting your vote. He said that the BJP is addicted to using all means The CM urged the people to vote for his party candidate, adding the latter would be a bridge between the state government and the people of Madhupur in the implementation of development projects. to acquire power but the JMM would not allow it to succeed this time. Meanwhile, former CM Raghubar Das who is also campaigning in Madhupur said that the current government has failed to maintain law and order, adding the women do not feel safe. ed youngsters and women to come forward and gherao CAPF. The Home Minister further said, "You said that and left on your wheelchair but because of you those four people were killed." "And the next day in the same assembly constituency a BJP worker was killed. Early morning at 7:30 am, the goons of Trinamool Congress shot dead the BJP worker," he added. Shah said, "Didi is repeatedly saying Amit Shah must resign. Didi when people will ask me to resign then I will. But you must prepare as you will have to resign on May 2." The union minister was in West Bengal and held several roadshows including back-toback events first in Nadia district's Santipur and then in Ranaghat Dakshin. SPOTLIGHT & ISSUES CMYK 08 SPOTLIGHT & For TV, e-paper & news visit: www.live7tv.com Morning India ISSUES MONDAY, RANCHI, APRIL 12, 2021 INDIA , CHINA DISENGAGEMENT AT LADAKH An unfinished agenda S B ASTHANA T he 11th round of India China Corps Commander's meeting has ended with good optics and pleasantly worded PIB release, with no concrete agreement (if any) disseminated so far. Post disengagement of troops in Eastern Ladakh from North and South of Pangong Tso, no disengagement in other areas to include Depsang plains, Gogra, Hot Spring, Demchok, and no further de-escalation, was well predicted by most analysts. In "Two Session" press conference last month, Wang Yi suggested China and India to strengthen cooperation instead of harboring suspicion at each other and earlier indicated to get back to business as usual, sidelining border/LAC issue. The Indian Foreign Ministry seems to be conveying that disengagement at all friction points leading to de-escalation, peace and tranquility on borders are prerequisites to progressing smooth bilateral ties.This rightful Indian stance is adversely affected by indicators like likelihood of Indian permission to progress 45 Chinese projects and 300 Crore contracts to Huawei, which is not in sync with the stance conveyed. The standoff is therefore yet to be resolved, as Indian Army Chief general Naravane puts it "the threat has only abated and it has not gone away altogether", although domestic events in both countries have dimmed the spotlight on borders. WHAT WAS CHINA TRYING? Chinese political aim was and continues to be China centric Asia and forcing Indian subordination, a necessity to achieve it. This aim could not be achieved despite prolonged standoff in Ladakh so far, but will remain unchanged,even in future. Chinese strategic aim to control Eastern Ladakh was to provide depth to its National Highway G219, Karakoram Pass and ChinaPakistan Economic Corridor (CPEC), redraw Line of Actual Control (LAC) as per its perception and negotiate border on its terms thereafter. China can claim to have partially achieved it, with continued presence in extra kilo- Maxar WorldView-3 satellite image shows close up view of the Line of Actual Control (LAC) border and patrol point 14 in the eastern Ladakh sector of Galwan Valley on June 24 last year. metrage in Depsang plains, Gogra, Hot Spring, Demchok areas, where disengagement is yet to take place. The Indian aim has been to get Chinese back to pre-standoff positions as of April 2020 in all friction points, not to concede unilateral change of LAC, and pursue talks towards its demarcation, hoping to lead to border resolution. With current disengagement, status quo stands achieved in areas north and south of Pangong Tso, at the cost of losing the crucial leverage of giving up occupation of certain heights on Kailash range and north of Pangong Tso, prior to Chinese vacation of 'Other Areas'.Pursuing disengagement and de-escalation in remaining areas will be an uphill task due to shortage of leverages,given Chinese past track record of junking agreements at will. China, having marched in areas, where it was not supposed to be, junking all CBMs, as part of overall 'Incremental Encroachment Strategy', exploiting first mover advantage, making unfair use of Indian engagement in combating COVID-19 pandemic.China soon found itself handicapped by strong Indian response, resistance and resolve, with proactive actions resulting newly created vulnerabilities to Maldo Garrison and its launch pad, South of Pangong Tso.Despite disengagement in Pangong Tso area, Chinese discomfort due to Indian dispositions in Sub Sector North including DBO, infrastructure development including DSDBO road, as a threat to crucial Tibet-XinjiangPakistan connectivity remains. Despite proactive tactical, operational and daring actions by Indian military, its strategy was reactive. WHY SPEEDY PARTIAL DISENGAGEMENT? After getting locked in the standoff for so long, both countries realized that with such large troop density on both sides, prolonging it further will not achieve any meaningful gains. Escalation to conflict or further standoff was proving costly to both, in terms of human and financial cost, and sustenance, especially in harsh winters at high altitudes, where Chinese troops were not used to living. A very heavy troop concentration within striking distance was prone to accidental triggering of conflict, which both countries wanted to avoid.Disengagement per se, therefore, was certainly a preferred option for both countries to avoid endless standoff, but its sequencing deserves an analysis. The domestic compulsion of get- ting into "Two Session 2021" with vulnerable Maldo Garrison was also mounting for China. Under such circumstances a disengagement agreement involving Indian's vacation of Heights South and North of Pangong Tso at the cost of pulling back from finger areas to its original positions, with its road intact, gave a much-desired face saver to China and it disengaged with unprecedented speed in Pangong Tso area. It was also on the lines of Indian stance of getting back to pre-standoff positions. THE TWO NARRATIVES! Both countries justify disengagement process favourable to them, so far, although disengagement is yet to be done at many friction points. The Chinese narrative to its population up to "Two Session" has been that it has got Indians down from heights north and south of Pangong Tso and ensured no Indian presence from Finger 4 to Finger 8, no patrolling by declaring it as buffer zone, while retaining its presence in Depsang plains, Gogra, Hot Spring and Demchok areas. It can, therefore, claim to have launched a successful incremental encroachment operation and edged forward 1959/60 claim line in 'other areas'. The explain- ers of Chinese narrative will find it difficult to explain their gain by moving forward from Finger 8 to Finger 4 and then speedily withdrawing back to the same location,indicating weakness of PLA to endure winters in high altitude area, besides making Maldo Garrison vulnerable and risking war, had Indians not obliged by pulling back from heights in Pangong Tso area. The Indian narrative to its critiques is that it has been able to successfully push Chinese back to status quo ante positions as existed pre standoff in Pangong Tso area, the stance which India maintained throughout. Amongst rest areas, like Gogra, Hot Spring and Demchok, its work in progress to disengage and restore patrolling rights. Depsang is a legacy issue of decades, where patrolling points to limit ITBP/ Army patrols were designated to avoid confrontation. Willy-nilly, nearly two-thirds of Depsang Plateau remained outside the purview of physical domination by us, which allowed PLA to establish intensive infrastructure and habitat in the area.Depsang will therefore, require separate discussion. India can also draw solace from the fact that, while it is being denied patrolling to the patrol points on Depsang Plateau East of the area Bottleneck inside the Raki Nallah, it has also denied PLA patrols movement West of Bottleneck, to Chinese claimed area close to Burtse. The explainers of Indian narrative will continue to find it difficult to explain why disengagement was not sequenced on 'first in and first out basis', meaning thereby that India should have vacated Kailash Range heights only after China had vacated the areas,where it advanced in Depsang plains, Gogra, Hot Spring and Demchok areas, since April 2020. It is reasonable to believe that negotiators at all levels must have tried their best and may have had their compulsions, but If Chinese do not act on remaining part of the agreement, it will leave India at a disadvantage, due to shortage of worthwhile leverages. Notwithstanding the political debates over legacy of Depsang issue, it remains strategically important and a threat to DBO and DS-DBO Road; hence a concern for military professionals. FUTURE OPTIONS WITH INDIA The actual worth of disengagement agreement is yet to be seen in light of trust deficit and past track record of Chinese in junking Agreements, when it suits them, as the LAC as well as border remains un-demarcated between both countries.The relative calmness along LAC does- n't mean a smooth ride ahead. With both armies preparing for annual summer exercises and stepping up deployment along LAC in high altitude region, in coming weeks, in addition to the troop deployment in 'Other Areas' doesn't promise de-escalation. It does put entire surveillance plan of India to test, to avoid any 'First movers advantage' to China like 2020. The Indian forces and the country has given a befitting reply to Chinese misadventure, and will do so each time, with added confidence and experience of 2020. Indian aim should be not to concede Chinese attempt to redraw LAC as LAC-2020. In light of no major breakthrough in 22nd round of China-India border talks, I do not expect any worthwhile development on delineation, delimitation for demarcation of LAC, which, is necessary to prevent repeated standoffs, even if the present one sees some resolution. This is inescapable and must be insisted. A temporary solution/sidelining main issue is recipe for the next standoff, leading to LOC-ization of LAC further.Chinese will like to keep border unsettled, till the time the political cost of Not settling it, becomes higher than doing so, for CCP, China. Its efforts of bilateral border talks with Bhutan and Nepal including trijunctions, are to create further complications in the long term resolution of borders. India must be prepared for 'Two Front War' as a worst case scenario, and continue capacity building in all domains, including maritime arena. Ongoing infrastructure development along borders should lead to settling of locals in villages along LAC with better facilities, to ward off Chinese design of developing hundreds of new villages along LAC.Strategic partnerships with like-minded democracies and collective naval posturing to create multifront situation for China are efforts in right direction. There is a need for alternative supply chain, trade and technological ecosystem, independent of China for which some initial steps taken by Quad countries need to be pursued on strategic plane. (The writer is a strategic and security analyst, a veteran Infantry General. He is the Chief Instructor, United Service Institution of India. The views expressed are personal) LOCKDOWN FEARS AFTER COVID SURGE HAUNT MARKETS ARUN KEJRIWAL M arkets were under pressure last week and failed to recover from the onslaught they faced on Monday because of rising covid19 cases all over the country. They were marginally up on Tuesday, recovered ground on Wednesday, were again marginally up on Thursday and slipped on Friday. The week saw BSESENSEX register losses of 438.51 points or 0.88 per cent to close at 49,591.32 points. The broader markets saw BSE100, BSE200 and BSE500 gain 0.04 per cent, 0.22 per cent and 0.39 per cent respectively. BSEMID- CAP was up 1.20 per cent while BSESMALLCAP was up 2.49 per cent. The top sectoral gainer was BSEMETAL up 6.80 per cent followed by BSEHEALTHCARE 5.56 per cent and BSEIT 4.89 per cent. The top loser was BSEBANKEX down 3.84 per cent. The Indian Rupee was under severe pressure and lost Rs 1.64 or 2.24 per cent to close at Rs 74.74 to the US Dollar. Dow Jones hit yet another lifetime high of 33,811 before closing at 33,800.60 points, a gain of 647.39 points or 1.95 per cent for the week. RBI had its monetary policy review meet for the week between Monday the 5th of April and Wednesday the 7th of April kept policy rates unchanged on MARKET WATCH expected lines. The Repo rate would continue at 4.00 per cent while reverse repo would be at 3.35 per cent. Further the stance would continue to remain accommodative. Incidentally this was the fifth consecutive meeting where rates have remained unchanged. Readers would be aware that Oriental Bank of Commerce and United Bank of India have been merged with Punjab National Bank. Post the merger two things have happened where the name of the bank has changed to Punjab National Bank and the first four letters of the IFS Code have been changed to read as PUNB. No other change in any numbers has been done. All bank account holders of the erstwhile Oriental Bank and United bank have to run from pillar to post in times of pandemic and change the KYC at various places whether it be trading accounts, bank mandates, insurance policies, demat accounts, etc. it would be humbly requested to RBI that they pass a notification requesting all concerned to replace the name of the bank and the first four letters of the IFS Code and finish the formality. In case there is a change in code itself than the concerned individual may approach the bank. This simple notification would save lakhs of account holders from untold misery. It may also be mentioned that the same would be happening in the case of Syndicate Bank, Corporation Bank, Andhra Bank and Allahabad Bank. One hopes RBI does look into the issue and oblige. On the primary markets front we saw the issue from Barbeque Nation Hospitality Limited list on Wednesday the 7th of April. The discovered price was Rs 492 against the issue price of Rs 500. They then rose to hit the high of Rs 590.40 which was the upper circuit of the day and remained locked at that price. Incidentally, the upper circuit was hit around 10.30 a.m. in the morning and remained so. Very clearly the difference between the weighted average of Rs 559.37 on BSE and Rs 543.40 on NSE and their respective closing prices, indicate that the short sellers were caught on the wrong foot. The share rose further on the remaining two days of the week and closed at Rs 722.05, a gain of Rs 222.05 or 44.41 per cent. The mega issue from Macro Tech Developers Limited to raise Rs 2,500 crore from a fresh issue was oversubscribed 1.37 times. The price band was Rs 483-486. The QIB portion was subscribed 3.06 times, HNI portion was subscribed 1.45 times, Retail portion was subscribed 0.40 times while the Employee quota was subscribed 0.17 times. CMYK PAGE 8 HARIDWAR ALL SET FOR SECOND ROYAL BATH OF MAHA KUMBH TODAY DEHRADUN: Haridwar is all set for the second royal bath of Maha Kumbh, which will be held on Monday under the COVID-19 protocols amid the alarming situation of coronavirus cases in Uttarakhand. Speaking to ANI, Inspector-general of Police, Haridwar Kumbh Mela, Sanjay Gunjyal said, this year the second and the third royal bath will be held with the interval of one day. "The first bath was held on March 11 on the occasion of Mahashivratri, while the second will be held on April 12 and on April 14, the third royal bath will be taken by the 13 Akhadas," the IG said on Sunday. The IG also informed that the processions of the 13 Akhadas will be carried through highways where no vehicular movement will be allowed. "There will be zero-zone on the highway and no movement of vehicles will be allowed in the route except the procession," he said. In Bramha Kund, common devotees will be allowed to take bath till 7 am but after that, no one will be allowed as the place will be reserved for the Akhadas. The royal bath continues till the evening.