YK MYK NUCLEAR NATIONS MUST BRING DOWN SPENDING ON ARMS NZ WIN 2ND TEST, CLINCH SERIES IN ENGLAND AFTER 22 YEARS OPINION NATION Morning India Rs. 3 KOLKATA MONDAY, 14 JUNE, 2021 PG-08, YEAR—8, ISSUE—30 (RNI NO: WBENG / 2014 / 56803) CORONA METER G7 LEADERS CALL FOR PROBE INTO ORIGINS OF COVID-19 INDIA TOTAL CASES: 2,94,85,035 TOTAL DEATH: 3,71,228 LONDON: The G7 leaders on Sunday called for a “timely, transparent, expertled, and science-based WHO-convened” investigation into the origins of COVID-19, including, as recommended by the experts’ report, in China. In the Carbis Bay communique, the G7 leaders said, “Strengthening transparency and accountability, including reiterating our commitment to the full implementation of, and improved compliance with, the International Health Regulations 2005. This includes investigating, reporting and responding to outbreaks of unknown origin. We also call for a timely, transparent, expert-led, and science-based WHO-convened Phase 2 COVID19 Origins study including, as recommended by the experts’ report, in China.” The origin of coronavirus that causes COVID-19 has remained a mystery even after over 1.5 years the first case of infection was reported. WORLD TOTAL CASES: 176,536,292 PM Narendra Modi takes part in two sessions on the second day of the Outreach Sessions of the G7 Summit via video conferencing, on Sunday. TOTAL DEATH: 3,813,103 AT A GLANCE BENGAL REPORTS 84 FRESH COVID FATALITIES KOLKATA: Bengal's COVID-19 tally rose to 14,61,257 on Sunday as 3,984 more people tested positive for the infection, while 84 fresh fatalities pushed the State's Coronavirus death toll to 16,896, a health bulletin said. North 24 Parganas district recorded the highest number of new cases at 597, followed by 426 in Kolkata. North 24 Parganas also registered the highest number of fresh fatalities at 20, followed by Kolkata (15) and Howrah (nine), it said. As many as 2,497 more people were cured of the disease, taking the total number of recoveries to 14,26,710. The recovery rate among the patients in the State stands at 97.64 per cent, the bulletin said. The State now has 17,651 active cases, up by 1,403 from the previous day. Bengal has thus far tested over 1.32 crore samples for COVID-19, including 60,113 in the last 24 hours, the bulletin added. CONG NEEDS WIDESPREAD REFORMS TO SHOW IT’S NO LONGER IN INERTIA: SIBAL NEW DELHI: The Congress must bring widespread reforms across all levels of the organisation to show it is no longer in a state of inertia and to present itself as a viable political alternative to the BJP, party veteran Kapil Sibal said on Sunday. Overcast sky that brought rain in Kolkata on Sunday. Prabir Bhattacharya Sacrifices have to be made if one chooses to be in BJP : Dilip Ghosh MI NEWS SERVICE KOLKATA: With several TMC turncoats making a beeline to return to the party, post BJP's drubbing in the Assembly polls, State unit chief of the saffron camp, Dilip Ghosh, said on Sunday that the ones who wish to enjoy power without making sacrifices would be asked to leave. Ghosh, who had said on Friday that party national vice president Mukul Roy's departure won't make much of a difference, wrote on Twitter that "some people are in the habit of switching parties". "If one has to stay in the BJP, he/she will have to make sacrifices. Those who only wish to enjoy power cannot stay in the BJP. We won't keep them," he tweeted in Bengali. Echoing Ghosh, BJP national secretary and former MP Anupam Hazra said members who are not willing to stand by the party at this hour, when "several of its workers are facing attacks by the TMC and going homeless, are free to leave". Hitting out at former State Minister Rajib Banerjee, who had joined the BJP ahead of the elections, Hazra maintained that "leaders like him have started singing paeans for the TMC immediately after its landslide victory. They are not required in the party." Shortly after Roy rejoined the TMC, Rajib Banerjee met the party's State general secretary Kunal Ghosh, but both described it as a "courtesy visit". "Dilipda said the right thing. Those who crossed over to the BJP before polls only for power and are now sending SOS to Mamata Banerjee expressing their wish to return should leave forthwith. The party does not need them," he said. Hazra had earlier said lobby politics was at play in the BJP State unit during polls, and just one or two leaders were given responsibilities with the rest feeling "ignored". He had, however, asserted that he would continue to support his party. Calling Roy a "Trojan horse", BJP veteran Tathagata Roy tweeted, "After having been welcomed into the BJP, he gained access to its all-India leaders, hobnobbed with State BJP's gullible... learnt all about the party and its innermost detail, he went back and leaked everything to Mamata. "But what's done is done. Now the big question is, did Mukul leave back Trojan Horses within this Trojan Horse? BTW I used to wonder why Mukul always avoided meeting me. Now it all figures," Roy added, indicating there could be agents planted by Roy in the BJP. Kunal Ghosh, who is also the spokesperson of the TMC, said many have expressed their wish to return, but our supremo Mamata Banerjee will take the final decision. His party colleague and senior leader Sougata Roy said, "Had Dilip Ghosh any modicum of self respect and accountability, he would have resigned from the post (of State BJP president) after the poor performance of his party." A group of five BJP workers in Birbhum district on June 8 took to the streets to announce that they have decided to quit the party and return to the TMC "to get a chance to work for 'maa maati manush' (mother, motherland, and people) under the leadership of Mamata Banerjee." District TMC leaders said their pleas would be considered after holding talks with local party members who worked for the party during the polls. Earlier, several other TMC turncoats, including former MLAs Sonali Guha and Dipendu Biswas, had appealed to Banerjee to take them back under her wings. The TMC supremo, during a recent press meet, said she will not accept requests of leaders, who had abandoned her ship just ahead of the April-May elections. Meanwhile, two days after Mukul Roy quit the BJP and returned to the TMC, his close aide, saffron party's Scheduled Caste Morcha president Dulal Bar, on Sunday said "nothing is impossible in politics", stoking speculations over his next move. Bar clarified that he had followed in Roy's footsteps and joined the BJP in 2017. North 24 Parganas zilla parishad member Ratan Ghosh, another close associate of Roy, No one muzzled Bengal Minister Amit Mitra's voice at GST Council meet: Anurag Thakur MI NEWS SERVICE NEW DELHI/KOLKATA: Minister of State in the Finance Ministry, Anurag Thakur, has dismissed the remarks of Bengal Finance Minister Amit Mitra, who claimed that he was not allowed to speak at the end of the GST Council meeting held here on Saturday. Referring to Mitra's letter to Finance Minister Nirmala Sitharaman in this regard, Thakur in a series of tweets said that in his experience as MoS in the last two years, he had not seen Sitharaman cut off anyone during the GST Council meeting. "She has patiently given each and every speaker as much time they needed, even if it meant discussions went on for long hours," he said. This comes after Mitra claimed that he repeatedly tried to voice objections after Sitharaman announced the GST Council's decision, but his "voice was muzzled as the Secretary brought the meeting to a close and the virtual link was cut off". The MoS said Mitra did not have a stable video conferencing connection throughout the meeting, adding that the Revenue Secretary informed Mitra that his line was breaking and he was not audible. "Further, during the speech made by the Uttar Pradesh Finance Minister, nobody heard Mitra speak up nor did he ask to have his opinion heard. Other members can attest to this," he said. Thakur clarified that at the end of the discussion, Sitharaman asked the Council whether anyone would like to speak and add their comments but Mitra remained silent. "Mitra again remained silent and did not speak up. The Finance Minister has never stifled dissent in the GST Council. It is unbecoming of a senior member of the Council to suggest that this has happened. The GST Council embodies the collective spirit of all States towards debate in a healthy manner; it has been and shall continue," he concluded. On Saturday, Sitharaman said that recommendations of Group of Ministers (GoM) set up to look into tax relief on Covid-19 medical supplies have been accepted by the GST Council. The Goods and Services Tax (GST) rate has been reduced from 12 per cent earlier to 5 per cent now on COVID testing kits, India begins ‘Extension of Hospitals’ project to fight Covid NEW DELHI: To plug a major health infrastructure gap in India’s fight against Covid-19, especially in rural areas and smaller towns, India has started project ‘Extension of Hospitals’ in various states. Modular hospitals are an extension of hospital infrastructure and can be built adjacent to an existing hospital building. As Covid-19 cases surged in different parts of the country, infrastructure in hospitals was under immense pressure. Keeping in view of the need, innovative modular hospitals came as a huge relief amidst the crisis. Project ‘Extension Hospitals’ is one such initiative for which Office of the Principal Scientific Adviser (PSA) invited private sector companies, donor organizations, and individuals to support the initiative along with various other proj- ects of national importance. The PSA office identified requirements of close to 50 hospitals in states where the highest number of Covid-19 cases were reported. Modulus Housing, a start-up incubated at Indian Institute of Technology, Madras (IIT-M) developed the MediCAB hospitals. This enables building a 100-bedded extension facility in 3-weeks’ time. India natural ally of G7, says PM Modi NEW DELHI: Prime Minister Narendra Modi on Sunday said India is a natural ally for the G7 countries in defending the shared values from a host of threats stemming from authoritarianism, terrorism and violent extremism, disinformation and economic coercion. In a virtual address at a session on ‘open societies and open economies’ at the G7 summit, the prime minister highlighted India’s civilisational commitment to democracy, freedom of thought and liberty, according to the Ministry of External Affairs (MEA). Modi also highlighted the revolutionary impact of digital technologies on social inclusion and empowerment in India through application such as Aadhaar, Direct Benefit Transfer (DBT) and JAM (Jan Dhan-AadhaarMobile) trinity. In his remarks, the prime minister underscored the vulnerabilities inherent in open societies and called on tech companies and social media platforms to ensure a safe cyber environment for their users, additional secretary (economic relations) in the MEA P Harish said at a press conference. “The prime minister’s views were appreciated by other leaders in the gathering,” he said. Harish said the G7 leaders underlined their commitment to a free, open and a rules-based Indo-Pacific and resolved to collaborate with partners in the region. India’s participation at the G7 sessions reflected understanding within the bloc that resolution to “the biggest global crisis of our time” is not possible without India’s involvement and support, he said, in a reference to the coronavirus pandemic. He said India will remain deeply engaged with the G7 and guest partners on all major issues, including health governance, access to vaccines and climate action. The senior MEA official also said that there was widespread support at the G7 deliberations for textbased negotiations on a proposal by India and South Africa for patent waiver on Covid vaccines. The Group of Seven (G7) comprises the UK, Canada, France, Germany, Italy, Japan and the United States. PG 5 SPOTLIGHT & ISSUES CMYK 08 SPOTLIGHT & For TV, e-paper & news visit: www.live7tv.com Morning India ISSUES MONDAY, RANCHI, JUNE 14, 2021 DC PATHAK C ovid is a human crisis affecting everybody, directly or indirectly, and creating an uncertainty for many about what lies ahead in terms of continuity of work, personal finances and family welfare. Any natural disaster comes unannounced and this is true of the corona pandemic as well -- its new wave of mutation was suspected but was never easy to size up. Prime Minister Narendra Modi, it may be recalled, repeatedly warned the country during the unlock phase last year to take all Covid precautions. That many people chose to ignore them, for lack of understanding of the threat or because of an attitudinal flaw, was one factor that contributed to the severity of the 'second' wave. Herd mentality drove people to aggregating together on religious occasions 'for strength' even when the situation demanded keeping away from crowds. Once a fresh wave broke out the Prime Minister himself lost no time in launching a nationwide effort to mop up needed resources and equipment with the help of experts and senior officials. Considering the nationwide spread of the virus, it was logical for the Centre to encourage the states to feel free to explore avenues of producing oxygen, procuring hospital equipment and accessing medical stock, to supplement the central initiatives. Because of the huge variations in the intensity of the affliction across the country, the Centre authorised the states to determine the policy of lockdown and containment zone on their own. The Prime Minister's emphasis on the indigenous manufacture of a Covid vaccine proved to be of great help -- the Centre took the import of vaccines in its own hands when decentralisation of procurement did not produce satisfactory results. There is no doubt that the Modi government worked proactively through the crisis. The prospects of vaccination picking up has made the general public in urban centres optimistic -- people appreciate a government that at least tries hard to deal with a challenging situation. In their eyes, Prime Minister Modi's leadership qualities remain undiminished. Social scientists and economic experts are trying to figure out what long-range impact the crisis would have on individuals, organisations and nations but any observer can pick up at least some pieces to reconstruct a framework of learnings and course corrections that is going to delineate what the 'new normal' would be in the times ahead. A few things stand to reason in the areas of personal domain, organisational coherence and the larger understanding of life itself. These together can be taken as a 'gift' of the pandemic and accepted as an 'upgrade' for future living in general. Of prime importance is the healthy attitude of 'compliance' that Covid lockdowns created among the people in regard to acceptance of some curtailment of 'freedom' and 'choice' one was used to enjoying in the normal course of life. At home or at 'work' -- the concept of the workplace itself had changed -- the environ pushed everybody towards a new awareness of 'self' and a 'rediscovery' of one's role both as an 'observer' and as a 'doer' in the period of crisis. In the new normal that the pandemic is setting for all, three things are happening in particular. First, a new kind of camaraderie has been created that unites the colleagues and family members who were not able to meet physically, much like 'friends in distress' A NEW NORMAL Any natural disaster comes unannounced and this is true of the corona pandemic as well—its new wave of mutation was suspected but was never easy to size up. People throng at the Sarojini Nagar market during the unlocking process in New Delhi on Sunday. sailing in the same boat. There are fewer complaints and expectations. Secondly, an understanding of how immunity gained from good health was a basic safeguard against the virus, created a willingness to incorporate some exercise regimen, both physical and mental, in the lifestyle. This is an upshot of the recognition of 'self' referred to earlier. And finally, the experience of 'work from home' may have produced different kinds of impact on different people but at a deeper level it has enabled an employee to get a fairly good idea of where he or she stood in terms of adding value to the organisation. Earlier, in the rush of work, evaluation of performance was done mostly by third parties but now 'self-assessment' would become an important new normal -- providing a higher level of personal confidence to all members. Beyond the individual, the pandemic has materially affected business management and organisational working in a manner that is setting in new norms for the future. It was generally said that a leader was tested in a crisis but what the health emergency, with its indeterminate time frame and the nature of risks involved, has done is to redefine leadership as also its mandate for the times ahead. Issues of human resource development, delegation of decision-making, boss-subordinate relationship, emotional intelligence and importance of 'nurtural' leadership have all been opened up afresh compelling businesses and organisations to course correct on a whole lot of prevalent practices. A leader must know enough about the persons working for him -- including the stresses in latter's life outside of the workplace -- and must appreciate that the responses of anybody were conditioned also by his or her emotional state at the time. Working from a remote location and with communication limited to a virtual medium make it necessary and normal to decentralise decision-making to the extent possible and this puts credibility of the leader on test considering the fact that normally a senior was reluctant to delegate this power due to a lack of willingness to share responsibility for the step taken by a subordinate in exercise of the latter's own judgement. Another feature of the 'new normal' is the return of the old practice, that had fallen into disuse, of the productive organisations having a system of feedback from below for their own advancement. In the postpandemic revival of economy, it will be crucial to maintain quality of product or service, evaluate demand and remove bottlenecks of the supply chain and delivery. Internal and external feedback is part of the mandate of the Age of Information that lays down the importance of 'complete and ongoing' business intelligence for achieving success in a competitive environ. The post-Covid world is expected to settle down to a handling of personal, professional and social responsibilities in the light of lasting lifestyle changes the pandemic had forced on everybody, young or old. A chastened view of what was behind the Covid threat makes people accept the preventive dos and don'ts, understand the woes of fellow citizens as well and abide by the calls of governance coming in from the ruling dispensation. People would emerge with a sense of mental togetherness despite 'social distancing'. The pandemic has proved to be a great equaliser on account of shared vulnerabilities and has PRIME MINISTER NARENDRA MODI, IT MAY BE RECALLED, REPEATEDLY WARNED THE COUNTRY DURING THE UNLOCK PHASE LAST YEAR TO TAKE ALL COVID PRECAUTIONS. THAT MANY PEOPLE CHOSE TO IGNORE THEM, FOR LACK OF UNDERSTANDING OF THE THREAT OR BECAUSE OF AN ATTITUDINAL FLAW, WAS ONE FACTOR THAT CONTRIBUTED TO THE SEVERITY OF THE 'SECOND' WAVE. brought back the indefatigable spirit of man to retain positivity through an overpowering spell of adversity, on the one hand and to be prepared to render some possible help to others out of compassion, on the other. This would enhance the quality of life the world over as the pandemic becomes part of a historical memory embracing the entire humanity. People would realise ANI how even from a distance some service could be provided to others in difficulty -- like offering a link for communication and 'messaging', helping in the search for some medicine or equipment and arranging delivery of food for the needy. All this was done quietly on a very significant scale reviving the spiritual legacy of mankind and enriching the future of humanity. The disaster has induced a higher thinking on 'life' itself. Since the pandemic has presented an entirely new kind of health threat, attention of experts has all been focused on how to mitigate the 'fear of the unknown' by spelling out whatever was getting known about the virus so that people faced the crisis with a little more calm. As a well-known philosopher said 'understanding is the end of the problem' for it defines the best precautions one could take without running into a panic. It is for lack of adequate briefing that people rushed to a hospital on testing Covid-positive -- running into the hazards of an overrun establishment -- instead of benefitting from home isolation. People cannot be blamed because public education and communica- tion from medical experts took some time catching up. A positive result of the pandemic is the restoration of the importance of 'public health' and 'primary care' as part of the normal life. These were nearly forgotten earlier. The emergency produced an overriding priority for 'disease centric' approach to the neglect of preventive measures. A mix of personal hygiene, physical and mental exercises and an attitude of extending help to others is likely to emerge as the lifestyle paradigms of the new normal -- hopefully pushing us towards a better society. Perhaps the most important transformational impact of the prolonged Covid emergency is on an entire generation of young students who were put in segregation and deprived of an interactive life they were so much adapted to. They could not comprehend the screen substitute of a classroom and a teacher -- the online format came too suddenly and took the demand for strict compliance of the homework to a new level of enforcement and joylessness. The education system and infrastructure could not devise an acceptable via media -in India even classroom education was beset with 'authority' and one way instruction. It called for innovative redesigning of curriculum and personalised communication. The plus side of online education, however, had made a mark and even on the resumption of all that was happening before, the new practice will be perfected and assimilated in the classroom protocol. A healthy mix of face-to-face interaction with a teacher in the classroom and an online backup of the 'tutorial' with a small group at a time, will evolve for the good of both students and teachers as daily visits to school may not be required any more. The staffing pattern may be made cost effective through the induction of part-time teachers, reduction of bus movement and putting teachers in turn on duty in fixed hours for consultation by students online for any urgent guidance -- much like doctors were being made available for 'calls'. Education of children certainly can do with a switch to an improved 'new normal' that would be more rewarding for all concerned. The pandemic has devastated the nation's economy and pending its meaningful revival put a large population under distress and even destitution. All over the world it has deepened the divide between the rich and the poor. A democratic dispensation has the onus of a welfare state too and the policies of helping people pushed below the poverty line have to be swift, purposeful and unfailing in reaching the doorstep. The administrative machinery of the state has learnt its lessons in micromanagement and the best strategy of postCovid governance would be to launch Centre-state joint schemes to be implemented essentially at the district level where a strong team of senior officers led by the DM-SP combine is perfectly placed to make a success of both 'survey' and 'delivery'. The Modi government has already pushed digitisation of governance in service of the common man and will therefore be able to handle the challenge of reaching out to the citizens in distress in cities and villages alike -- through the combination of digital and human resources. This task has no political tint and the opposition therefore should be on the same side as the Centre in redressing the human suffering in the period of recovery from the Covid crisis. (The writer is a former Director Intelligence Bureau) BSESENSEX lifetime high achieved, market trend unclear ARUN KEJRIWAL M arkets were on an uptrend last week and the long awaited and overdue lifetime high on BSESENSEX was finally achieved. BSESENSEX gained 374.71 points or 0.72 per cent to close at 52,474.76 points while NIFTY gained 129.10 points or 0.82 per cent to close at 15,799.35 points. The broader indices saw BSE100, BSE200 and BSE500 gain 0.93 per cent, 1.10 per cent and 1.30 per cent, respectively. BSEMIDCAP gained 1.85 per cent while BSESMALLCAP fared much better gaining 3.52 per cent. The action is certainly in the midcap and Smallcap space and is borne out by the number of stocks hitting 52 weeks high on a daily basis. The India Rupee lost 7 paisa and was down 0.10 per cent to close at Rs 73.07 to the US Dollar. Dow Jones began the week with losses for the first three days and managed to recover partially, gaining on the remaining two days but closed with losses of 276.79 points or 0.80 per cent to close at 34,479.60 points. Dow Jones is looking tired after a spectacular rally and one should not get surprised if one sees the same correcting in the coming days ahead. BSESENSEX finally managed to hit a lifetime high and did so on Friday touching 52,641.53 points. This crossed the previous high made on February 16 of 52,516.76 points. Incidentally NIFTY had made a lifetime high MARKET WATCH on May 28 and it took a fortnight for the BSESENSEX to achieve the same, something which has not happened in a very long time. Trading in shares of DHFL has been suspended with effect from Monday June 14 on account of the resolution plan of the NCLT which has approved and ascribed no value to the shares of DHFL. While the step of suspension is appreciated, something of this nature should have been acted upon much earlier, as many proposals in NCLT have resolution plans where the listed shares have zero value. Once things become clear, such shares should be suspended from trading on the bourses and small investors hard earned money should be preserved. Monsoon has advanced into Mumbai and Maharashtra and the onset was led by a sharp downpour this time. Coinciding with the monsoon arrival, one is also seeing a deluge of primary market issues with four compa- nies tapping the markets in the week beginning June 14. There would be two issues opening on Monday and closing on Wednesday the 16th of June while the remaining two would open on Wednesday the June 16 and close on June 18. Difficult to understand why such a bunching of issues has happened other than the fact that there was a hiatus in primary issuances for the last 10 weeks or so during April-May to mid June. Shyam Metalics and Energy Limited is tapping the capital markets with its primary issue and offer for sale. The issue consists of a fresh issue of Rs 657 crs and an offer for sale of Rs 252 crs in a price band of Rs 303306. The issue opens on Monday the 14th of June and closes on Wednesday the 16th of June. The company is a steel producer and has capacities to make pellets, sponge iron, billets, TMT Bars and ferro alloys. The total capacity is 5.71 million tons per annum with a saleable steel capacity of 3 mtpa. The same is being expanded over the next three to three and a half years to double at 11.6 mtpa and a saleable steel capacity of 6 mtpa. In this capacity the company would be adding ductile pipes and aluminium foil as well. The company enjoys healthy margins at the EBITDA and PAT levels as compared to its peers. The EBITDA margins for the year ended March 2020 were at 14.5 per cent while they were at 6.5 per cent at the PAT level. In the first nine months ended December 2020, the same EBITDA has improved to 18.2 per cent and PAT to 11.5 per cent. The total income of the company which was at Rs 4,400 crs for the year ended March 2020 have improved to Rs 4,000 crs in the nine months ended December 2020. CMYK PAGE 8 Saudi to limit upcoming Haj season to domestic pilgrims RIYADH: The Saudi Arabian government has announced its decision to limit the upcoming Haj season to domestic pilgrims only with a maximum of 60,000 individuals in the wake of the Covid19 pandemic. In its announcement on Saturday, the Ministry of Haj and Umrah said it decided to limit the availability of registration for those wishing to perform the annual pilgrimage this year to citizens and residents inside the country only, due to the global Covid outbreaks and the new virus mutations, reports xinhua news agency. This year, vaccinated and recovered citizens and residents of the age group 18-65 who do not have chronic diseases will be allowed to register to perform Haj. The upcoming Haj will be the second season with no overseas pilgrims due to concerns of the pandemic. The Ministry stressed that the decision was taken for the safety and health of pilgrims, supported by the other Islamic states.