Around 38 per centor Rs 9041.5 crore of the Rs 22,585.83 crore defrauded by millionaires Vijay Mallya, Nirav Modi and Mehul Choksi has been returned to banks via sale of shares seized by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA). Read more
Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter. Read more
The Narcotics Control Bureau on Wednesday arrestedIqbalKaskar, the brother of fugitive underworld don Dawood Ibrahim, in a drugs case, an NCB official said. Kaskar's involvement was found in connection with the seizure of 15 kg of hashish, a contraband, following which he was taken into custody, the official said without divulging any further details. Read more
China has now delivered more than 1 billion vaccine doses, hitting that Covid-19 milestone the same weekend that Brazil passed one of its own: more than 500,000 deaths. Daily case numbers remain worryingly high, and those hospitalized and dying include larger numbers of young people. India, meanwhile, is at risk of a third wave of infections sooner than predicted, after a devastating second. Read more
India on Tuesday administered around 53 lakh doses of Covid-19 vaccines – nearly 40% drop from Monday’s record-breaking 88 lakh inoculations – with experts pointing out that sustaining such a high level of vaccination would depend on supplies, states' collaboration, and public enthusiasm. Read more