Wednesday, May 11, 2022

Sri Lankan president to appoint new PM, cabinet this week

Sri Lanka’s beleaguered President Gotabaya Rajapaksa said on Wednesday he would appoint a new prime minister and a cabinet this week to introduce constitutional reforms amid widespread anti-government protests over the country’s worst economic crisis.

In an address to the nation, President Gotabaya also said that after the appointment of the new prime minister, a constitutional amendment would be brought in for the government to enact the contents of the 19th amendment to the constitution, which would provide Parliament with more powers. Will do

“I will appoint a youth cabinet without Rajapaksa,” Gotabaya said, starting talks with political parties to prevent the country from heading towards anarchy.

“The prime minister of the new government will be given an opportunity to formulate a new program and take this country forward,” he said.

Sri Lanka has no government for the past two days after President Gotabaya’s elder brother and Prime Minister Mahinda Rajapaksa resigned, paving the way for an all-party interim government.

The President is constitutionally empowered to run the country without a cabinet.

Speaking on the violence in the country earlier this week, he said that what happened on May 9 was very unfortunate.

“The series of heinous acts of murder, assault, intimidation, destruction of property and that followed cannot be justified at all,” the president said.

Gotabaya said that the Inspector General of Police has been directed to conduct the investigation.

He also said that the Sri Lanka Police and the three armed forces have been ordered to strictly enforce the law against the perpetrators of violence.

Urging everyone to maintain peace, Gotabaya said, “Steps will be taken to strictly enforce the law against those who have planned, assisted, promoted and linked these events.”

Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948. The crisis is partly due to a lack of foreign exchange, meaning the country cannot pay for imports of staple foods and fuels, leading to an acute economic crisis. Scarcity and very high prices.

Thousands of demonstrators have taken to the streets across Sri Lanka since April 9 to demand the resignation of President Gotabaya and his brother Mahinda, as the government had no money for vital imports; The prices of essential commodities have skyrocketed and there is a severe shortage in the supply of fuel, medicines and electricity.

Originally published at Pen 18

Tuesday, May 10, 2022

india: India sells record 1.4 million tonne wheat in April, could export 1.5 MT in May

India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for Black Sea supply options, badly hit by the war in Ukraine .

April is the first month of the financial year. India, the world’s second largest wheat producer, exported a record 7 million tonnes of food grains in the financial year 2021-22.

India is the only major supplier of wheat at this time of year, and grain exports have soared since Russia invaded Ukraine in late February.

It exported only 242,857 tonnes of wheat in April 2021.

With the collection of the new season crop in April, the consignment of wheat may increase further this month.

“In May, shipments may increase to 1.5 million tonnes,” said a New Delhi-based dealer with a global trading firm. “Wheat supply and availability of railway cars have improved in the last few weeks and this will help in sending more wheat in May.”

He said buyers from Asia and the Middle East are buying Indian wheat as it is cheaper than the alternatives.

India has exported wheat to South Asia, South East Asia, Middle East, Europe and North Africa.

As supplies fell from Ukraine and Russia, which together accounted for about 29% of global wheat exports, Egypt, the top wheat importer, agreed to buy grain from India for the first time.

Traders said India also exported wheat to other new markets such as Israel, Turkey, Indonesia, Mozambique and Tanzania.

In addition, the United Nations World Food Program supplied wheat from India to supply to Somalia, Kenya and Djibouti.

In April, Indian traders signed wheat export deals worth between $295 and $340 a tonne, said Rajesh Pahadia Jain, a New Delhi-based trader.

Originally published at Pen 18

soren: Jharkhand CM Hemant Soren ‘denies and disputes all BJP allegations’ in letter to EC

Jharkhand Chief Minister Hemant Soren submitted his reply to the Election Commission on Monday evening in the mining lease allocation case and sought more time. The Election Commission had issued a notice to him asking why he should not be disqualified under Section 9A of the Representation of the People Act, 1951 in the matter of allotment of mining leases when he was the minister in charge of mining. The Election Commission had given him time till May 10 to reply.

In his reply, Soren denies all allegations that call for disqualification under the RP Act.

“I refute and dispute all allegations of the BJP regarding my alleged disqualification to be a member of the Jharkhand Legislative Assembly on the ground of a mining lease obtained by me in May 2021 under the said section 9A of the Representation of the People Act, 1951, Or any ground,” Soren wrote in the letter.

He sought at least four weeks’ time from the Election Commission on the ground that his 67-year-old mother was unwell and was taken to Hyderabad for treatment on April 28 and is still hospitalised. Soren said that he spent more time in Hyderabad due to which he could not engage a suitable legal counsel to effectively present his defense before the Election Commission.

He wrote that he has been provided with about 600 pages of documents received by the Election Commission from the Chief Secretary of Jharkhand. “Almost all the documents are in Hindi, and I have to arrange for their transliteration from Hindi to English by my legal counsel for proper appreciation and understanding of the contents, meaning and meaning of the documents which I am representing as my defense counsel. I can attach.” He has written.

Soren also requested that he should be given an opportunity of personal hearing by the Election Commission through his legal counsel before the Commission prepares its opinion on the matter for submission to the Governor.

Soren had sought legal opinion from former CJI VN Khare in his case. After going through all the documents, Khare said that the provisions of Section-9A of the RP Act 1951 would not be applicable in this case.

“Any action under consideration would be unconstitutional, illegal, arbitrary and contrary to the established and consistent views of the Supreme Court of India,” Khare wrote.

Originally published at Pen 18

Delhivery raises Rs 2,347 crore from 64 anchor investors ahead of IPO

Mumbai: Logistics and supply chain startup Delhivery has raised Rs 2,347 crore from 64 anchor investors ahead of its initial public offering (IPO), which will open for subscription on Wednesday, May 11.

According to investment bankers, around 48 million shares were allotted to anchor investors at Rs 487 per piece as the upper end of the price band for the IPO.

Some of the foreign investors participating in the anchor share allocation include Tiger Global, Bay Capital, Steadview, Fidelity, Bailey Gifford, Schroders, Amansa, Aberdeen Standard Life,

Government Pension Fund Global and Invesco HK, banking sources said.

About 14.59 million shares were allotted to seven domestic mutual funds namely , , Franklin Templeton, Invesco, Nippon and Mirae.

Delhi’s Rs 5,235 crore public issue will close for subscription on Friday, May 13. The price band of the offer has been fixed at Rs 462 to Rs 487 per share. Thereafter bids can be made for a minimum of 30 shares and multiples of 30 shares.

The offer includes fresh issue of shares up to Rs 4,000 crore and offer for sale up to Rs 1,235 crore by some existing shareholders of the company.

Find stories that interest you



Some domestic brokerage firms have recommended subscribing to the Delhivery IPO.

Yes Securities said in a note, “We believe that Delhivery’s asset light business model and its state-of-the-art engineering and automation capabilities and its new-age technology will enable the company to leverage its operational efficiencies and improve profitability in the years to come. will help to do so.”

Delhivery will use Rs 2,000 crore from the issue to fund organic growth initiatives, such as building scale in existing business lines, developing new adjacent business lines, expanding network infrastructure, and upgrading our proprietary logistics operating system and improve. In addition, it will use around Rs 1,000 crore to finance inorganic growth opportunities through acquisitions and other strategic initiatives.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Originally published at Pen 18

Delhivery IPO: Delhivery raises Rs 2,347 crore from 64 anchor investors ahead of IPO

Mumbai: Logistics and supply chain startup Delhivery has raised Rs 2,347 crore from 64 anchor investors ahead of its initial public offering (IPO), which will open for subscription on Wednesday, May 11.

According to investment bankers, around 48 million shares were allotted to anchor investors at Rs 487 per piece as the upper end of the price band for the IPO.

Some of the foreign investors participating in the anchor share allocation include Tiger Global, Bay Capital, Steadview, Fidelity, Bailey Gifford, Schroders, Amansa, Aberdeen Standard Life,

Government Pension Fund Global and Invesco HK, banking sources said.

About 14.59 million shares were allotted to seven domestic mutual funds namely , , Franklin Templeton, Invesco, Nippon and Mirae.

Delhi’s Rs 5,235 crore public issue will close for subscription on Friday, May 13. The price band of the offer has been fixed at Rs 462 to Rs 487 per share. Thereafter bids can be made for a minimum of 30 shares and multiples of 30 shares.

The offer includes fresh issue of shares up to Rs 4,000 crore and offer for sale up to Rs 1,235 crore by some existing shareholders of the company.

Find stories that interest you



Some domestic brokerage firms have recommended subscribing to the Delhivery IPO.

Yes Securities said in a note, “We believe that Delhivery’s asset light business model and its state-of-the-art engineering and automation capabilities and its new-age technology will enable the company to leverage its operational efficiencies and improve profitability in the years to come. will help to do so.”

Delhivery will use Rs 2,000 crore from the issue to fund organic growth initiatives, such as building scale in existing business lines, developing new adjacent business lines, expanding network infrastructure, and upgrading our proprietary logistics operating system and improve. In addition, it will use around Rs 1,000 crore to finance inorganic growth opportunities through acquisitions and other strategic initiatives.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Originally published at Pen 18

lsg: Rashid, Gill star as GT beat LSG by 62 runs to seal play-off berth

Gujarat Titans made a comeback to winning streak after consecutive defeats and became the first team to make it to the play-offs after beating Lucknow Super Giants by 62 runs in an Indian Premier League match here on Tuesday.

Even though LSG did a good job with the ball and restricted GT to 144 for 4, the KL Rahul-led side were flopped with the bat as they were bowled out for 82 in 13.5 overs.

Rashid Khan (4/24) acted with the ball for GT, while Yash Dayal (2/24) and R Sai Kishore (2/7) took two wickets each.

Earlier, opener Shubman Gill hit a fine half-century but LSG put in a disciplined bowling effort to restrict GT to a modest score.

Gill remained unbeaten on 63 off 49 balls with the help of seven fours but did not get support from the other end. He was stranded as GT’s next highest scorer was David Miller (26).

Avesh Khan (2/26) took two wickets for LSG, while Mohsin Khan (1/18) and Jason Holder (1/44) took one wicket each.

GT sealed their play-off berth, reaching 18 points from 12 games. The defeat broke LSG’s five-match winning streak, but they are still comfortably second on 16 points and need just one win to book their last-four berths.

LSG made a slow start to their chase and their problems were compounded by losses to Quinton de Kock (11) and captain KL Rahul (8) in successive overs and were reduced to 24 for 2 after four overs. Went.

Where Yash Dayal was responsible for de Kock, Rahul made a short delivery from Mohammed Shami to Wriddhiman Saha behind the stumps.

Debutant Karan Sharma also did not help his cause, taking a catch to David Miller inside the circle to give Dayal his second wicket of the day.

The attack was launched in the eighth over, with Rashid Khan off his third ball, Kunal Pandya with a googly and Saha whipping the bails.

With wickets falling rapidly from the start, LSG found no momentum to chase down their target, reaching 58 for 4 at the half-leg.

The ever-increasing asking rate led to the downfall of Aayush Badoni (8) who was stumped by Saha off R Sai Kishore.

The likes of Marcus Stoinis (2) and Jason Holder (1) cut LSG’s scorecard a regrettable figure.

Deepak Hooda scored 27 runs in 26 balls for LSG.

Earlier, GT’s decision to bat after winning the toss had a major backlash as they cheaply lost Wriddhiman Saha (5) and Matthew Wade (10) and the scoreboard was just 24 in five overs.

With wickets falling from the other end, Gill went about his business cautiously and put on a 27-run partnership for the third wicket in the company of captain Hardik Pandya, before leaving the latter, one run behind the stumps to Quinton de Kock. He gave his second wicket to Avesh. day.

Once Hardik was gone, Gill took the responsibility on himself and went ahead, first cutting Avesh to the square boundary and then turning Krunal Pandya upside down at the third-man fence in the next over.

But after that, both Gill and Miller failed to open their arms as Mohsin and Krunal bowled tight lines and lengths to stop the run flow.

Miller eventually hit a huge six off Jason Holder at extra cover in the third ball of the 16th over, which was the first maximum of the innings.

Miller, however, was caught off the last ball of the over by Aayush Badoni as he hit a straight deep third man for a boundary.

Gill, on the other hand, ran his innings smoothly and completed his fifty in 42 balls off Dushmantha Chamira.

Once he reached his half-century, Gill opened up and hammered Chameera for four consecutive boundaries, taking 14 runs from the 17th over.

Rahul Tewatia (22 not out off 16 balls) used a long handle in the final over to hit Holder for three fours to take the score close to 150 runs.

Originally published at Pen 18

pfizer: Rare cases of COVID returning pose questions for Pfizer pill

As more doctors prescribe the potent COVID-19 pill, new questions are emerging about its performance, including why a small number of patients relapse after taking the drug.

Paxlovid has become a well-known choice against COVID-19 due to its home comfort and impressive results in curing serious illness. The US government has spent more than $10 billion to buy enough pills to treat 20 million people.

But experts say much still remains to be learned about the drug, which was approved in December for adults at high risk of severe COVID-19, based on a study in which 1,000 The adults had received the drug.


Why do some patients feel this way?

Doctors have started reporting rare cases of patients whose symptoms return several days after completing a five-day regimen of Paxlovid pills. This leads to questions about whether those patients are still contagious and should receive a second course of Paxlovid.

Last week, the Food and Drug Administration weighed in. It advised against a second round because there is little risk in patients with severe illness or hospitalization.

Dr. Michael Charnes reported last month about a 71-year-old vaccinated patient who noticed that his symptoms subsided but then returned, with the virus level rising nine days after his illness.

Charnes says that Paxlovid is a highly effective drug, but he wonders if it might be less potent than the current Omron version. The $500 drug treatment was tested and corrected based on its performance against the delta version of the coronavirus.

“The ability to clear the virus after suppressing it can vary from Omicron to Delta, especially for people who have been vaccinated,” said Charnes, who works for

VA Health System.

Can some people be susceptible to just one relapse? Both the FDA and Pfizer state that 1% to 2% of people

The original study showed an improvement in their virus levels after 10 days. The rates were roughly the same in people taking the drug or counterfeit pills, “so it’s unclear at this point whether this drug is related to treatment,” the FDA said.

Some experts point to another possibility: The Paxlovid dosage is not strong enough to completely suppress the virus. Andy Pecoz of Johns Hopkins University worries that the drug may promote a resistant mutation.

“We should really make sure we’re dosing Paxovid appropriately because I’d love to lose it now,” said Pecos, a virologist. “It’s one of those essential tools to help us turn the corner on the pandemic.”

How well does Paxlovid work in people who have been vaccinated?

Pfizer tested paxlovid in the highest-risk patients: unvaccinated adults with no prior COVID-19 infection and other health problems, such as heart disease and diabetes. The drug reduced his risk of hospitalization and death from 7% to 1%.

But that doesn’t reflect the vast majority of Americans today, where 89% of adults have received at least one shot. And about 60% of Americans have been infected with the virus at some point.

“This is the population I care about in 2022 because that’s what we’re seeing – people with COVID – so do they benefit?” asked University of Minnesota researcher and physician Dr. David Boulware.

There is no clear answer yet for vaccinated Americans, who already have hospitalization rates of less than 1%.

It may come from a large, ongoing Pfizer study involving people at high-risk immunizations. No results have been published; The study is expected to end in the fall.

Pfizer said last year that early results showed that Paxlovid had failed to meet the study’s goals of resolving symptoms and reducing hospitalizations. It recently stopped enrolling anyone who had received vaccinations or boosters in the past year, a change Boulware says is not benefiting those patients.

At a minimum, the initial data should be released to federal officials, Boulware said. “If the US government is spending billions of dollars on this drug, what is the obligation to release that data so they can formulate a good policy?”

Can Paxlovid be used to help prevent COVID-19 infection?

Pfizer recently reported that giving Paxlovid to family members of people infected with COVID-19 did not significantly reduce their chances of catching it. But this is not the end of the story. Pfizer is studying several other potential benefits of early use, including whether PaxLovid reduces the length and severity of COVID-19 in homes.

“It’s a high bar for protecting against infection, but I’d love to see data on how PaxLovid did against serious disease because it may be more effective there,” Pecos said.

Originally published at Pen 18

new zealand: Rain interrupts play in second ODI against New Zealand with India on 22-0 after 4.5 overs

India were 22 for no loss in 4.5 overs against New Zealand when rain stopped play in the second one-day international at Seddon Park here on...