MUMBAI: The off-cycle, 40 basis-point cut in policy rates by the Reserve Bank of India (RBI) is expected to revive the consumption engine after the huge demand destruction brought about by the pandemic-induced lockdown.

The repo rate reduction for the second time in 60 days is expected to boost economic activity and generate more jobs. "The biggest blow from covid-19 has been to private consumption, which accounts for about 60% of domestic demand.

The production of consumer durables fell 33% in March 2020, accompanied by a 16% decline in output of non-durables. Similar indications are reflected in surveys of the fast moving consumer goods space," said Shaktikanta Das, RBI governor, in his speech today.

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Ontario under state of emergency as police prepare for third weekend of convoys

Ontario’s premier has called a state of emergency following days of blockades at the country’s largest border crossing. This move is applauded by federal officials who are asking protesters to go home as police forces expect demonstrations across the country to ramp up over the weekend.

Covid booster efficacy wanes substantially by fourth month - study

The efficacy of third doses of the Pfizer and Moderna mRNA vaccines wanes substantially by the fourth month after administration, a new study by the US Centers of Disease Control and Prevention has said.

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What is bebtelovimab? US authorizes new antibody drug to fight omicron

A monoclonal treatment site located in a tent is closed for patients on January 25, 2022 in Sunrise, Florida. (Photo by Joe Raedle/Getty Images) WASHINGTON - U.S. health regulators on Friday authorized a new antibody drug that targets the omicron variant, a key step in restocking the nation's arsenal against the latest version of COVID-19.The Food and Drug Administration said it cleared the Eli Lilly drug for adults and adolescent patients with mild-to-moderate cases of COVID-19.

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How Muhammad Ali, African American Muslims established Houston’s most historic mosque

HOUSTON - It’s no secret Houston has a bustling Muslim population with residents stemming from all walks of life. There’s a rich tapestry of work focusing on the legacy left behind by Muslims in this city, yet little has been touched on when it comes to African American efforts. For example, Houston’s oldest and most historic mosque, Houston Masjid Al-Islam, located in the 6600 block of W Bellfort Ave.

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AirTag stalking: Apple cracking down on unwanted tracking

AirTag clipped onto a bag. Apple announced it’s cracking down on unwanted tracking among AirTag users, according to a company news release. AirTags launched last April for $29 apiece and allows users to keep track of their personal items, such as keys, wallets, purses, backpacks and luggage through Apple's "Find My' app. But the seemingly harmless tool is being used by some to stalk people and even commit car thefts. Police departments have called this recent string of crimes "AirTag stalking." "We’ve become aware that individuals can receive unwanted tracking alerts for benign reasons, such as when borrowing someone’s keys with an AirTag attached or when traveling in a car with a family member’s AirPods left inside," the tech giant wrote in an update on its website Thursday.

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MRI hours at Saskatoon hospital reduced due to ‘recent critical shortage’: SHA

MRI department at Royal University Hospital has decreased to the point where health officials have decide to scale back hours of operation, creating concerns about wait times for the service.A memo sent earlier this week to Saskatoon physicians and staff within the Saskatchewan Health Authority (SHA) cites “ongoing recruitment challenges” due to a “recent critical shortage of MRI technologists.” Saskatchewan moves to end COVID-19 public health orders The shortage means the department at RUH will only operate from 7:30 a.m. to 4 p.m.

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COVID-19 Scan for Feb 11, 2022

A new study on outcomes among infants whose mothers received the Pfizer-BioNTech mRNA vaccine in pregnancy showed that no detrimental outcomes were associated with maternal vaccination, including preterm birth, small birth weight for gestational age (SGA), congenital malformations, and infant death.It was published yesterday in JAMA Pediatrics.The po

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Eagerly awaited COVID lifesavers molnupiravir, Paxlovid now wait for patients

Supplies of the eagerly awaited oral COVID-19 antiviral prescription medications are slowly arriving at US pharmacies, but despite strong evidence that they can help reduce symptoms and prevent severe illness, federal data and experts suggest that many patients don't know about them or don't want to take them.

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New Jersey court dismisses officers' union vaccine mandate suit

FILE - RN inoculates a woman at a COVID-19 vaccine. TRENTON - A New Jersey appeals court rejected a lawsuit from law enforcement unions challenging Gov.

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COVID-19 vaccine for kids under 5 delayed as Pfizer extends trial

In a sudden turnabout, Pfizer and BioNTech today announced they were delaying the application process for an emergency use authorization (EUA) for their vaccine for children ages 6 months to 4 years old, and gathering more information on two and three doses of the vaccine.

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COVID-19: Wastewater shows decline of virus in Waterloo Region may have hit a wall

COVID-19 wastewater signal in the last few weeks has slowed or plateaued at all sites,” medical officer of health Dr. Hsiu-Li Wang told reporters on Friday morning.

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Despite decline in patients, Waterloo hospitals remain ‘under great pressure’: Wang

COVID-19 patients in area hospitals continues to decline but that has not relieved the pressure on hospitals, according to the region’s top doctor.According to Friday’s dashboard update, there are 75 patients in the three hospitals in Waterloo Region, including 20 who are in need of intensive care. Premier Doug Ford declares state of emergency amid protests at land border and in Ottawa Three weeks ago, on Jan.

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Ambassador Bridge protest blockade disrupts car manufacturing sector

As protesters remain at the Ambassador Bridge, the blockade disrupting the busiest border crossing between Canada and the U.S. is taking a toll on economies on both sides.

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Covid-19 Ayrshire: List of next week's vaccination drop-ins as residents urged to roll up sleeves for jabs

Ayrshire residents are being urged to roll up their sleeves for Covid-19 vaccination jabs.

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Ontario on track to remove ‘almost all restrictions’ on businesses ‘very soon,’ Doug Ford says

Doug Ford says the province is on track to “very soon” lift “almost all” COVID-related restrictions on businesses.The premier made the remarks during a press conference Friday morning, where he declared a state of emergency in the province due to ongoing protests and blockades, sparked by opposition to COVID-19 measures.Ford said he understands many people are frustrated, but urged the “illegal occupation” in Ottawa and at the Ambassador Bridge in Windsor to end.“There’s no doubt these were the right decisions,” Ford said of his government’s move to impose measures in a bid to combat COVID-19. Timeline to lift all COVID-19 measures in Ontario coming soon, top doctor says “There’s no doubt they protected our hospitals from collapse and saved lives.

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COVID-19: MLHU reports 3 deaths, LHSC has 87 COVID inpatients

Middlesex-London Health Unit reported three deaths and 117 COVID-19 cases on Friday, compared with three deaths and 122 cases last Friday.The deaths involved three women in their 70s, 80s and 90s. The woman in her 90s was associated with a long-term care home. LHSC, meanwhile, is caring for 87 inpatients with COVID-19, 20 of whom are in adult critical care.As noted, LHSC is caring for 87 COVID-19 inpatients, with 20 inpatients in adult critical care.

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With low COVID vaccine uptake, rural US bore brunt of Delta surge

Rural US counties with low COVID-19 vaccination rates had 2.4 times more infections per 100,000 people than urban counties amid the summer 2021 Delta surge, according to a study published yesterday in JAMA Network Open.

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Reality check on Alberta politicians’ statements on schools, COVID-19 transmission and vaccines

#AbEd #AbLeg pic.twitter.com/NIDW973Tg0— Adriana LaGrange (@AdrianaLaGrange) February 10, 2022Dr. Chris Mody, head of the department of microbiology, immunology and infectious disease at the University of Calgary, said there’s no data to suggest children “pose absolutely no threat” as the education minister claimed.However, Mody said the correlation between symptom severity and viral load taken with the observations that children tend to have less severe symptoms could mean children have less viral load with a COVID-19 infection, with a caveat.

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FDA postpones advisory meeting on COVID-19 vaccines for kids under 5

WASHINGTON (AP) - U.S. regulators on Friday put the brakes on their push to speed Pfizer's COVID-19 to children under 5, creating major uncertainty about how soon the shots could become available.The Food and Drug Administration had urged Pfizer and its partner BioNTech to apply for authorization of extra-low doses of its vaccine for the youngest children before studies were even finished — citing the toll the omicron variant has taken on children.Kids between the ages of 5 and 11 are now eligible to get the Pfizer-BioNTech COVID-19 vaccine.Next week, FDA advisers were supposed to publicly debate if youngsters should starting getting two shots before it's clear if they'd actually need a third.But Friday, the FDA reversed course and said it had become clear it needed to wait for data on how well that third shot works for this age group.

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‘10 Truths About Love’: Watch the ‘timeless’ rom-com on Tubi for Valentine’s Day

Los Angeles - Love is in the air — well, on Tubi it is! FOX’s free streaming platform kicks off its Valentine’s Day slate with "10 Truths About Love," a new original rom-com starring Camilla Belle and David LaFontaine. Written by frequent romance scribe Shannon Latimer ("A Whirlwind Wedding," "Ghosts of Christmas Past"), the feel-good movie features a thriving romance columnist Carina (Belle) who thinks she’s got her love life all figured out — until her longtime boyfriend unexpectedly breaks up with her.Meanwhile, Carina’s editor hires a new writer, Liam (Lafontaine), to work with her and give the column a male perspective. Subsequently, the two clash over their approach, but to prove himself, Liam offers to help Carina get her ex-boyfriend back.

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76ers wait on Harden's debut following big trade for Simmons

James Harden #13 of the Brooklyn Nets passes the ball against the Sacramento Kings during the second half of their game at Golden 1 Center on February 02, 2022 in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by d CAMDEN, N.J. - The oversized Ben Simmons magazine cover that hung inside the 76ers' training complex was gone.The former MVP acquired for the one-time franchise guard? Well, James Harden wasn't in town, either, and his debut for Philadelphia is on hold at least until next week.But yet another new era is soon set to begin for the Sixers as they chase their first NBA title since 1983, this time with the superstar pairing of Harden and MVP candidate Joel Embiid.The clock is ticking for Harden to win a championship.Harden, though, will not play for the Sixers in games Friday and Saturday night, and he won't play until he's evaluated this weekend by the team's performance staff.The earliest Harden could play for Philly is at home Tuesday against Boston.

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White House urges Americans to leave Ukraine in next ‘24 to 48’ hours; Russian invasion could be days away

WASHINGTON - The White House is urging Americans to leave Ukraine in next "24 to 48 hours," warning U.S. won't rescue civilians if Russia invades.The White House has expressed increasing alarm about the prospects of a war, and Biden has been looking to solidify support among European allies for economy-jarring sanctions against Russia if it moves further with an invasion.KHARKIV REGION, UKRAINE - FEBRUARY 10, 2022 - Soldiers operate a military vehicle during the drills of the Ivan Sirko 92nd Mechanised Brigade of the Ukrainian Armed Forces in Kharkiv Region, northeastern Ukraine.

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Canada trucker protest: Ontario declares state of emergency over truck blockades

TORONTO - Canadian authorities Friday turned up the legal and public pressure on protesters to lift their blockades in Ottawa and at the U.S. border, with Prime Minister Justin Trudeau warning: "This unlawful activity has to end and it will end."Federal, provincial and local officials moved simultaneously on different fronts to break the standoff, which began with truckers and others angry over the country's COVID-19 restrictions and has morphed into a broader attack from the right on Trudeau and his Liberal government, cheered on by conservatives in the U.S."We heard you.

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COVID and Americans' Trust in Government

The Lancet, in part using Gallup World Poll data, demonstrated a significant correlation between trust in government and COVID-19 infections. The review looked at COVID-related outcomes, trust in government and interpersonal trust (along with many other variables) across 177 countries.

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Queen's Covid scare sparks debate over role that could see Andrew step in for monarch

The Queen's recent Covid-19 scare has sparked debate over which royals should be allowed to step in for her if she is unable to fulfil her duties.

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Manitoba COVID-19 hospitalizations slowly on the decline

COVID-19 update, health officials said Friday the strain on Manitoba hospitals is slowly easing.According to the province, six Manitobans were checked out of hospital putting the number of those receiving care at 656. The ICU also went down by one, leaving the number of occupants at 41.

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Toronto officials prepare for weekend protests against COVID-19 measures

COVID-19 measures.Queen’s Park Circle was closed on Wednesday and remains blocked off from Bloor Street to College Street.College Street is also closed between Yonge and Bay streets.“Our objectives have and continue to be the public safety and to limit disruption to the city and its residents as much as possible,” Toronto police Chief James Ramer said at a press conference Friday updating plans on preparations for the protests. Roads closed around Queen’s Park in Toronto due to possible demonstration “We will continue to have a large police presence in and around the downtown core and in other areas around the city.

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Substitute teacher removed from Farmington High School after making racist comment toward Black student

FARMINGTON HILLS, Mich. (FOX 2) - A substitute teacher was recorded making a racist comment toward a Black student Thursday at Farmington High School."I was touching the teacher’s mic. I probably shouldn’t have been doing it," Keichean Wilson said.

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Archdiocese of Philadelphia to make masks optional for students, staff in suburban county schools

PHILADELPHIA - The Archdiocese of Philadelphia announced major changes to its COVID-19 protocols and masking policy on Friday afternoon. The use of masks will be optional for students and staff in elementary schools and high schools operated by the Archdiocese of Philadelphia in Bucks, Chester, Delaware and Montgomery Counties beginning Feb.

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Two men wanted for robbery of Philadelphia Metro PCS, police say

PHILADELPHIA - Officers with Philadelphia police are asking for the public’s help to identify two men who allegedly robbed a Metro PCS in January. According to police, the robbery took place at the store on the 4600 block Frankford Avenue on Jan. 19, 2022 around 3:54 p.m. Police said the men entered the store with a gun and went to the counter and asked for money. After taking money, the men were last seen on Frankford Avenue. Police are searching for two suspects they say robbed a Metro PCS in Philadelphia on Jan.

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Guelph down to 11 hospital patients with COVID-19, 2 active outbreaks

Guelph General Hospital is reporting Friday that it is treating 11 patients who have tested positive for COVID-19, while 17 staff members are off work due to the virus.Since Feb. 1, the number of patients has dropped by 17, while the number of staff away has dropped by 13.

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Ottawa vows update on COVID-19 border rules next week: ‘The worst is behind us’

COVID-19 border measures and expect to announce changes to the rules next week, said federal Health Minister Jean-Yves Duclos.Duclos spoke in a pandemic update alongside Dr. Theresa Tam, Canada’s chief public health officer, who said the worst of this wave appears to be over.“Canada is past the peak of the Omicron wave,” Tam said, in a press conference that saw officials offering more information on a decline in cases across the country after roughly 20 to 25 per cent of the country became infected by the Omicron variant.“The worst is behind us,” Duclos added.Officials also emphasized that the highly infectious nature of Omicron means border controls have a limited impact because cases are already transmitting in Canadian communities.But they said it remains important to be aware that any changes may have to be reassessed in the event of future variants, and that the coronavirus will likely continue evolving.“Unfortunately, there may be more surprises,” said Duclos.The rapid spread of Omicron across the country began in late November 2021 and saw cases surge to record highs, sparking the imposition of tougher lockdowns in a bid to slow the spread.

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University of Alberta public health faculty calls plan to phase out COVID-19 restrictions ‘reckless’

COVID-19 health measures in the province, saying it could prolong the pandemic.In an open letter sent to Premier Jason Kenney and top-ranking United Conservative officials, about 25 people with varied experience in public health, infectious diseases and social epidemiology say the government is using selective data to support its desired policies. Alberta business group slams decision to eliminate COVID-19 vaccine passport program The letter comes after an announcement Tuesday from Premier Jason Kenney that detailed a phased approach to drop all COVID-19 public health measures in the province.Alberta’s vaccine passport program has now ended and masking requirements for children under 12 are to end Monday, with most remaining measures to be lifted in March.The letter also says the group is concerned the government is removing freedoms from municipalities, post-secondary institutions and school boards to make risk-informed decisions to protect public health.They say it is a “reckless” plan considering waning immunity after two vaccine doses, slow uptake for third doses and lagging vaccination of Alberta children.

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Trucker protests: Ontario declares state of emergency

Premier Doug Ford says he is declaring a state of emergency in Ontario and will enact emergency orders to end the protests that have crippled Ottawa for the last two weeks and have recently blocked the land border crossing in Windsor.

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Will rate cuts spur consumer demand?

The production of consumer durables fell by 33% in March, accompanied by a 16% decline in the output of non-durables. Similar indications are reflected in surveys of the FMCG space, said RBI

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Markets fall as RBI’s words of caution spook investors

RBI chief says macroeconomic impact of the pandemic is more severe than anticipated

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Rate cut fails to cheer markets, RBI caution on growth worries investors

Indian stock markets closed lower on Friday dragged by financial heavyweights, as the Reserve Bank of India's (RBI) surprise rate cut and extension of moratorium for borrowers failed to cheer investors.

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RBI's surprise rate cut, shift in focus to growth, loan moratorium and more

MUMBAI: The coronavirus pandemic has forced the Reserve Bank of India (RBI) to advance its scheduled monetary policy meet a second time and announce deep cuts to benchmark rates. RBI governor Shaktikanta Das, in a televised address on Friday, announced a 40 basis points (bps) cut in repo and reverse rates, markedly pivoting the RBI's focus from inflation control to fostering growth impulses.

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RBI: Inflation outlook highly uncertain, growth remains a concern

MUMBAI: India’s inflation outlook is highly uncertain at the moment and forecasting it has become complicated due to partial release of data by the National Statistical Office (NSO), said Reserve Bank of India (RBI) governor Shaktikanta Das on Friday. More worrisome, however, is the risk to India's economic growth, the governor said.

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Markets snub RBI rate cuts; rate sensitive stocks decline

MUMBAI: Indian stock markets declined on Friday even as the Reserve Bank of India on Friday slashed repo rate by 40 basis point to 4% and adjusted the reverse repo rate to 3.35% from 3.75%. Governor Shaktikanta Das said India's GDP growth is likely to remain in the negative territory in 2020-21 due to disruptions led by covid-19.

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RBI: Working capital borrowers can repay accrued interest till March 2021

MUMBAI: In what will ease the repayment pressure for working capital borrowers, the Reserve Bank of India (RBI) on Friday not only allowed another three months of deferment on interest payments but also permitted repayment of the accrued interest in tranches till March 2021.

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RBI Governor Shaktikanta Das' recent announcements; full text here

RBI has reduced repo rate by 40 basis points to 4% in an effort to further boost liquidity in the economy

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RBI hikes group expousre limit of banks to 30% till 30 June, 2020

NEW DELHI: The Reserve Bank of India (RBI) on Friday raised the group exposure limit of banks to 30% from 25% for a temporary period till 30 June, 2021. The announcement was made by Governor Shaktikanta Das in a televised address today. The limit will be restored to 25% after the deadline unless the RBI decides otherwise.

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RBI extends moratorium on loans for another three months

The RBI today announced a further extension on moratorium of loans by another three months. In March, RBI had also allowed a three-month moratorium on payment of all term loans due between March 1, 2020 and May 31, 2020.

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India's GDP growth in 2020-21 to remain in negative category: RBI

The GDP growth in 2020-21 is expected to remain in the negative category with some pick up in second half, said Reserve Bank of India (RBI) Governor Shaktikanta Das during the press conference today.

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Nirmala Sitharaman - Shaktikanta Das - RBI Governor Press Conference Live Updates: Shaktikanta Das expects GDP growth to be negative - livemint.com - city New Delhi - India

RBI Governor Press Conference Live Updates: Shaktikanta Das expects GDP growth to be negative

NEW DELHI : In his third such address since the coronavirus-induced lockdown began on March 25, Reserve Bank of India (RBI) Governor Shaktikanta Das is now holding a press conference. After the lockdown began, Das had slashed the benchmark interest rate (repo rate) by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown.

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RBI governor's address at 10AM: Five things to watch out for

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das will hold a briefing on Friday at 10 am, his third since the lockdown began on 25 March. Lenders and the Indian industry are waiting for the likely steps Das may announce to mitigate the impact of the lockdown.

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RBI policy: Economists seek removal of reverse repo window ahead of MPC meeting

MUMBAI : In a pre-policy meeting with the Reserve Bank of India (RBI) governor Shaktikanta Das on Saturday, economists have recommended the abolition of reverse repo window and replacing it with the Standing Deposit Facility (SDF) for liquidity management, according to an economist who attended the meeting.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Will RBI's move spur consumer demand?

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