YK MYK PROMOTING DIGITAL TRANSACTIONS IS THE NEED OF THE HOUR OPINION Rs. 5 RANCHI THURSDAY, 6 MAY, 2021 PG-12, YEAR—11, ISSUE—3 (RNI NO: JHAENG / 2012 / 44137) ICC TEST RANKINGS: KARUNARATNE BIGGEST GAINER SPORTS Morning India State govt extends lockdown by 7 days SANJAY SAHAY RANCHI: The state government has extended the swasthya suraksha saptah involving curbs on various commercial activities in state till May 13. The chief secretary Sukhdeo Singh issued the order in this regard on Wednesday. The state government offices would, however, start functioning till normal office hours instead of 2 PM as in the April 28 order. The order would be effective from May 7. The order stated, "In the exercise of the powers conferred under section 22 (2) (h) of the Disaster Management Act the undersigned , in his capacity as chairperson of state executive committee hereby orders that the provisions of order number 82 dated April 28 shall stand extended till 6 AM May 13. Notably, according to the April 28 order grocery shops, wholesale and retail shops, agriculture related shops, construction activity shops, veterinary care shops, excise shops, vehicle repair shops, offices of Government of India, banks, ATMs, financial institutions WEATHER TODAY MAX 32 C MIN 22 C Rainfall may occur. CORONA METER INDIA TOTAL CASES: 2,06,98,476 TOTAL DEATH: 2,26,578 WORLD TOTAL CASES: 155,082,114 TOTAL DEATH: 3,243,677 Policemen turning away a commuter in Ranchi on Wednesday. would function till 2 PM. The government offices would function with a maximum of 50 percent attendance. No person without masks shall be allowed to enter government offices. The movement of people is permitted from 3 PM to 6 AM for availing health care services, last rites, marriage function, delivery of food from restaurants, air, rail and inter-state bus travel and discharge of duty relat- ed to Covid. For any kind of movement the person should have a valid photo identity card and a valid ticket. No restriction has been imposed on medical, healthcare, medical equipment related shops, petrol pumps and LPG outlets, print and electronic media, postal and telecommunication services, security services and any office which the state government considers as important. Public transport is also permitted. The religious places would be open but the visitors are prohibited. All processions including religious and marriage are prohibited. All educational institutions would be closed and online education will be provided to students. All fairs and exhibitions are prohibited. The movies halls, complexes, theatres and assembly halls shall remain closed. RBI announces loan restructuring for MSMEs, individuals MUMBAI: The Reserve Bank of India has announced another round of loan restructuring for MSMEs, small businesses and individuals with aggregate exposure of up to Rs 25 crore, who have not been beneficiaries of restructuring frameworks. RBI Governor Shaktikanta Das noted that the resurgence of Covid-19 pandemic in India in recent weeks and the associated containment measures adopted at local/regional levels have created new uncertainties and impacted the nascent economic revival that was taking shape. "In this environment the most vulnerable category of borrowers are individual borrowers, small businesses and MSMEs," he said. "Borrowers i.e. individuals and small businesses and MSMEs having aggregate exposure of upto Rs 25 crore and who have not availed restructuring under any of the earlier restructuring frameworks, and who were classified as 'Standard' as on March 31, 2021 shall be eligible to be considered under Resolution Framework 2.0," Das said. RBI EASES KYC NORMS MUMBAI: The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also rationalised certain compliance matters to provide ease of doing business for consumers. Accordingly, RBI governor Shaktikanta Das, in his virtual address on Wednesday also announced rationalisation of compliance to KYC requirements. Taking forward the initiatives of the apex bank for enhancing customer convenience, it has now been decided to rationalise certain components of the extant KYC norms including extension of the scope of video KYC known as V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of Legal Entities and for periodic updation of KYC. Restructuring under the proposed framework may be invoked up to September 30, 2021 and shall have to be implemented within 90 days after invocation. In respect of individual borrowers and small businesses who have availed restructuring of their loans under Resolution Framework 1.0, where the resolution plan permitted moratorium of less than two years, lending institutions are being permitted to use this window to modify such plans to the extent of increasing the period of moratorium or extending the residual tenor up to a total of 2 years. Regarding small businesses and MSMEs restructured earlier, lending institutions are also being permitted as a one-time measure, to review the working capital sanctioned limits, based on a reassessment of the working capital cycle, margins, among others. MORE ON PAGE 9 SC quashes Maha law granting reservation to Maratha community NEW DELHI: The Supreme Court on Wednesday quashed the Maharashtra law granting reservation in jobs and admissions to Maratha community. The top court said it did not find any exceptional circumstance to justify exceeding the 50 per cent cap set by Indra Sawhney judgment. A five-judge Constitution Bench headed by Justice Ashok Bhushan allowed no breach of 50 per cent ceiling to give more reservation, as it refused to consider reviewing Indra Sawhney verdict of 1992. "Exceeding ceiling limit of 50 percent laid down by SC VERDICT IN MARATHA QUOTA CASE IS A TIMELY WAKE-UP CALL PAGE 6 Indra Sawhney is violative of Articles 14 and 15," said the top court. The top court said the people from Maratha community cannot be declared as educationally and socially backward. The unanimous judgment was delivered by a bench also comprising Justices L. Nageswara Rao, S Abdul Nazeer, Hemant Gupta and S. Ravindra Bhat. The top court made it clear that there were no extraordinary circumstances to grant reservation to Maratha community over and above 50 per cent ceiling. The top court struck down the Maharashtra State Reservation for Socially and Educationally Backward Classes (SEBC) Act, 2018 which extends reservation to the Maratha community in public education and employment. The top court emphasized that exceeding the 50 percent limit in without exceptional circumstances violates Article 14, and it held that 2018 act as amended in 2019 exceeds the limit without any exceptional circumstances. The top court held that SEBC Act, which extends reservation to the Maratha community in public education and employment is unconstitutional. Third wave of Covid inevitable, says govt’s Scientific Advisor MAMATA TAKES OATH AS BENGAL CM FOR 3RD TIME KOLKATA: Mamata Banerjee after taking her oath as West Bengal CM for the third consecutive time in an unembellished function at the 'Throne Room' in Raj Bhavan in Kolkata on Wednesday morning announced that handling the Covid situation in the state and tackling post poll violence and the overall law and order situation in the state will be her priority. The chief minister's convoy left her residence at Harish Chatterjee Street popularly known as Kalighat at 10.10 a.m. and reached Raj Bhawan at 10.20 a.m. Like any other day she sat by the side of the driver but the usual scene of people standing by the side of the road to have a glimpse of the chief minister was missing. NEW DELHI: The third wave of Covid is inevitable given the amount of virus circulating in India, Principal Scientific Adviser to the Government, K. VijayRaghavan warned on Wednesday. Addressing the Union Health Ministry press conference, he said: "Third phase is inevitable given the amount of virus circulating. But it is difficult to predict the timeline. We should prepare for the new (third) wave." He also said that regular monitoring of the Covid-19 vaccines is needed for upgradation to deal with the new strains. The Scientific Advisor also pointed out that variants are transmitted the same as the original strain. "It doesn't have properties of new kinds of transmission. It infects humans in a manner that makes it more transmissible as it gains entry, makes more copies and goes on, same as original," he said. VijayRaghavan also emphasised that vaccines currently available are effective against existing variants. He said that scientists in India and across the globe are working to anticipate new variants and act against them rapidly by early warning and Family members of covid 19 patients wait to refill cylinders with medical oxygen at an oxygen plant in Lucknow on Wednesday. ANI developing modified tools. The Union Health Ministry, meanwhile, said that around 2.4 per cent day on day growth in Covid cases has been noticed in the country. Joint Secretary, Health, Luv Aggarwal said: "12 states have more than one lakh active cases, seven states have 50,000 to one lakh active cases and 17 states have less than 50,000 active cases. Maharashtra, Kerala, Karnataka, Uttar Pradesh and Andhra Pradesh have more 1.5 lakh active cases." Aggarwal stated that 24 states and UTs have reported more than 15 per cent Covid positivity rate while 10 states have more than 25 per cent positivity rate. Maharashtra has a reported positivity rate of 24 per cent. Niti Aayog's Member, Health, Dr V.K. Paul urged physicians to come forward and provide teleconsultations to people and families at home who are infected with Covid. Referring to the new strain, he said: "The response to the changing virus remains the same... we need to follow the covid appropriate behaviour such as mask, distancing, hygiene, no unnecessary meetings and staying at home."