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ICICI Bank Q4 consolidated profit up 6.91 pc to Rs 1,251 cr; sets aside Rs 2k-cr for virus impact

ICICI Bank on Saturday reported a 6.91 per cent growth in March quarter net at Rs 1,251 crore on a consolidated basis, after setting aside over Rs 2,000 crore in provisions for potential impact of the COVID-19 pandemic. On a standalone basis, the second largest private sector bank's profit grew 26 per cent to Rs 1,221 crore as against Rs 969 crore in the year-ago period. For fiscal year 2019-20, it reported a 135 per cent jump in standalone profit to Rs 7,930.81 crore. From an asset quality perspective, the bank reported an improvement in gross non-performing assets (NPAs) ratio to 5.53 per cent as against 6.70 per cent in the year-ago period and 5.95 per cent as of December 2019, despite over Rs 5,300 crore in fresh slippages during the reporting quarter. ICICI Bank President Sandeep Batra said it had slippages of Rs 4,300 crore in the preceding December quarter, and the additions on this front can be attributed to two accounts -- a West Asian healthcare company and a Singaporean oil




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Exemption from labour laws in Guj for new industrial units

The Gujarat government on Saturday announced exemption from certain labour laws for 1,200 days to firms that want to set up new units in the state in order to "boost economic activities" post-lockdown. Earlier, governments of Uttar Pradesh and Madhya Pradesh had offered concessions from labour regulations in their states to attract investment. The government also announced relief amid coronavirus pandemic for industries which use natural gas supplied by Gujarat Gas, a subsidiary of state-owned Gujarat State Petroleum Corporation, by giving more time to pay gas bills. "Companies in Gujarat, India and abroad willing to bring new projects and set up new units in the state will be freed from labour laws for 1,200 days, except those related to the minimum wages and industrial safety," said Ashwani Kumar, secretary to Chief Minister Vijay Rupani. Local MSME owners willing to set up new units will also get this exemption, he said. In a tweet, Chief Minister's Office said that ...




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Cops thrashed by hoodlums outside minister's house'

Four policemen, including an assistant sub inspector, were injured when a group of men attacked them in Pratapgarh district of Rajasthan on Friday night. The incident occurred in Chhoti Sadri area near the house of the state Cooperative Minister Udai Lal Anjana with the BJP alleging that Anjana too slapped a policeman, a charge denied by the minister. A former up-sarpanch Kanhaiya Lal had a spat with some youths in Kesunda village over some petty issue. After some time, the youths caught Kanhaiya Lal and thrashed him, police said. On information, a team of four policemen, led by ASI Shishupal Singh, rushed to the spot where the members from Kanhaiya Lal hit them. The policemen got injured. The ASI has received critical injuries, Chhoti Sadri police station's SHO Ravindra Pratap Singh said. Leader of Opposition Gulab Chand Kataria wrote a letter to Chief Minister Ashok Gehlot on Saturday alleging that the minister, Udai Lal Anjana slapped a police constable after which the mob present .




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Hockey India employees asked to check status on Aarogyasetu App before leaving for work

Hockey India employees will have to review their health status on 'Aarogyasetu' App before starting for office and they can travel only if their status is 'safe' or 'low risk', according to an advisory issued by the sports body. The Hockey India advisory outlined the preventive measures which all its employees need to be follow at office to contain the spread of the dreaded COVID-19 pandemic. The highly-contagious disease has so far claimed nearly 2000 lives and infected over 59,000 in the country, forcing the government to enforce a lockdown till May 17. "With reference to the directive issued by the Ministry of Personnel, Public Grievances and Pensions, Department of Personnel & Training, Government of India ... All the staff members should download 'Aarogyasetu' App on their mobile phones immediately," the advisory said. "Before starting for office, they must review their status on 'Aarogyasetu' and commute only when the app shows 'safe' or 'low risk' status. "The staff members




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Mizoram becomes coronavirus-free with recovery of lone patient

Mizoram became coronavirus-free with the discharge of the lone COVID-19 patient from a hospital on Saturday, officials said. It now shares a similar status with four other northeastern states -- Manipur, Sikkim, Nagaland and Arunachal Pradesh. Mizoram Health Minister Dr R Lalthangliana said the state's lone COVID-19 patient, a pastor, was discharged from Zoram Medical College (ZMC) on Saturday afternoon after 45 days of intense treatment. He was discharged from the hospital after four consecutive tests turned negative, the minister said. The pastor, who is in his early 50s and working under the Baptist Church of Mizoram, returned to the state from Amsterdam on March 16. He was pursuing higher study in theology in the Netherlands capital. He tested positive for novel coronavirus on March 24 and was admitted at ZMC along with his wife and two children. The pastor's wife and children were discharged from the medical college on March 28 after they tested negative for COVID-19. The state ..




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Migrant workers, pilgrims, tourists, students can hire buses for travel: K'taka govt

The Karnataka government has clarified that migrant workers, pilgrims, tourists, students and other persons can hire and use buses provided by state-run road transport corporations on payment basis for travel to other states with relevant permissions. Inter-State travel of migrant workers, pilgrims, tourist, students and other persons stranded in different states due to lockdown were recently permitted to travel through notified entry and exit points of Karnataka by the government. The Shramik special train services too have been ferrying migrant labourers stranded in the state to destinations like Bihar, Odisha, Uttar Pradesh among others. In a circular, Revenue (Disaster Management) Principal Secretary T K Anil Kumar said similar facility on payment basis be made available by state run road transport corporations- KSRTC/NWKRTC/NEKRTC/ BMTC to transport workers to industries permitted under the issued guidelines.




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Coronavirus: 81-year-old man, 84 others discharged in Indore

An 81-year-old man was among 85 people discharged from Indore in Madhya Pradesh on Saturday after recovery, with health officials saying the octogenarian might be the oldest in the state to have overcome the coronavirus infection. All 85 were discharged from Sri Aurobindo Institute of Medical Sciences (SAIMS). "The 81-year-old man tested positive for coronavirus on April 27. After 12-day treatment, he was discharged along with 84 others in the evening from SAIMS after two consecutive negative tests," an official said. The 81-year-old is the oldest person in the state to have been discharged after recovery, he said. Indore is among the worst hit in the country by the virus outbreak and currently has 1,780 COVID-19 patients. A total of 87 people have so far died due to the infection.




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Returnees can use own vehicles to enter Sikkim

The Sikkim government will allow people stranded in different parts of the country to return to the Himalayan state on their own vehicles from May 11. A limited number of vehicles will be allowed to enter Sikkim everyday and priority will be given to patients, a press note said. Over 6,200 persons of Sikkim stranded outside the state have registered for evacuation and more than 500 of them have returned by Sikkim Nationalised Transport (SNT) buses in the past four days. Since only regulated movement is allowed during the lockdown period so people intending to return on their own vehicles or vehicles hired for the purpose shall be required to fill a form at the COVID portal of the state government for seeking prior approval, the press note said. Persons desiring to travel on their own vehicles must wait for approval after they apply for permission. On approval, a link will be sent to the registered mobile number which can then be downloaded and carried along on the travel .




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The Budget and us

Expectations were built up that the minister will increase the minimum tax deductible slab from Rs 2.50 lakh, but no such thing was done.




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How Coronavirus Changes Unemployment Insurance for Gig Workers

Gig workers are playing a bigger role in the American economy during the global pandemic. WSJ's Gerald F. Seib explores whether their eligibility for unemployment insurance will continue after the virus passes. Photo: Justin Heiman/Getty Images




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Congress Prepares to Weigh Next Round of Coronavirus Relief

This week, Senate lawmakers return to Washington to start working on the next round of aid for households and businesses. WSJ's Gerald F. Seib explains how Congress may need to come to a trade-off that pleases both parties. Photo: Patrick Semansky/AP




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Why Blood From Coronavirus Survivors Could Be a Lifeline for the Sick

A growing number of hospitals are investigating antibody testing and blood plasma therapy as a way to combat the new coronavirus in sick patients. WSJ’s Daniela Hernandez explains. Photo illustration: Laura Kammermann




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Opinion: How We'll Learn to Live With Coronavirus

Wonder Land: The coronavirus lockdown model is about to collapse beneath its own weight, undermined by politics, confusion about the virus itself, and the basics of human nature. Images: AFP/Getty Images Composite: Mark Kelly




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Opinion: How the Democratic Left Uses Moralism as a Political Weapon

Wonder Land: Progressives invented moral trumping as a political weapon against their enemies. Now they’ve exhausted it. Images: Keystone/Hulton Archive/Getty images Composite: Mark Kelly




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Virus Cleanup: Disinfecting Cruises, Nursing Homes, and Hospitals

As many businesses around the world struggle, a Canadian disinfectant company is increasing production to keep up with demand during the novel coronavirus outbreak. Photo: Ron Kolumbus/WSJ




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As Deaths Mount, Covid-19 Proves More Dangerous Than the Flu

Covid-19 is commonly compared to the regular seasonal flu, but one has proven to be more dangerous than the other. WSJ’s Gerald F. Seib explains why the coronavirus is treated more seriously than the flu. Photo: Zuma Press




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Coronavirus Update: Uber, Lyft Cut Jobs, UnitedHealth Offers Discounts

Uber and Lyft are aggressively cutting costs as fewer people take rides, UnitedHealth will offer customers $1.5 billion of help and discounts, and Russia’s Vladimir Putin moves to ease lockdowns amid economic challenges. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Josh Edelson / AFP




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Swedish Businesses Remained Open, but Are Suffering Too

Unlike many Western nations, Sweden didn’t order a strict coronavirus lockdown—still, its economy has taken a hit. WSJ’s Stu Woo reports from a country where shops and bars haven’t shut down. Photo: Stu Woo




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Why Fully Recovering From Coronavirus Might Take Longer Than Expected

Understanding how the body clears the new coronavirus is becoming more important as the U.S. begins to reopen. WSJ’s Daniela Hernandez explains how the body fights infection and why feeling better doesn’t equal being virus-free. Photo illustration: Laura Kammermann




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Senate Republicans Cite Deficit Fears Over Next Round of Virus Aid

As Congress considers another round of aid to offset the economic impact of the coronavirus pandemic, Republican lawmakers are starting to worry about the long-term effects on the federal deficit. WSJ’s Gerald F. Seib explains. Photo: Eric Gay/AP




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Coronavirus Update: Record Job Losses, California to Reopen

April’s jobs report shows record-high job losses and unemployment, low-risk businesses in California reopen for curbside pickup today, and testing will increase at the White House. WSJ’s Jason Bellini has the latest on the pandemic. Photo: John Locher/Associated Press




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How Confidential Documents Get Stored at the White House

The transcript of President Trump's call with Ukraine shed light on a method for classifying documents that's even more top secret than top secret. WSJ spoke to a former National Security Council official to understand the intricacies of the White House server security system.




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The Uncertainties of Self-Quarantine Amid Coronavirus

Amid an increase in confirmed cases of the new coronavirus in the U.S., more companies, religious institutions and schools are asking people to stay at home if they may have come into contact with the virus. WSJ follows the case of one man under voluntary self-quarantine. Photo: Sam Dziekan




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Coronavirus Makes Travel Cheaper, But Should You Book?

As the coronavirus forces would-be travelers to stay indoors, travel deals are popping up online. Don’t be easily swayed. WSJ’s Scott McCartney breaks down how to avoid risky travel. Photo: Getty Images




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A credible low-income housing policy


Ramesh Ramanathan.




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Importing of Hazardous Waste


Kishore Wankhade peers into a 2002 inquiry report into the disappearance and fast-track clearance of hazardous wastes from India's Ports.




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Mercury levels rising dangerously


Ravi Agrawal and Kishore Wankade say that the state of mercury pollution in India is alarming and needs the concern of all. They provide a factsheet with alternatives.




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Neutralising industrial waste with worms


Vermicomposting to convert household waste into manure is widely used worldwide, but using it to treat toxic waste is relatively recent and yet to gain acceptance. Surekha Sule reports on the work of Dr.Suneet Dabke.




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Pushing an environmental policy


The deadline for public comments from the draft National Environmental Policy expires on Oct 31. Sudhirendar Sharma reports on the context for the development of this policy and what it may portend.




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The half-life of justice and common sense


After one round of public scrutiny and an adverse order from the Supreme court, UCIL's plans for uranium mining in Nalgonda seemed to be defeated. But the company now proposes to continue down the same path, apparently unmindful of local opposition or legal strictures. Sunita Dubey reports.




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Coastal sand mining push despite eco-risks


On 7 June, the Kerala government-constituted K John Mathew Commission greenlighted mineral sand mining on a narrow strip of beach and the adjacent sea basin in Alapuzha district. M Suchitra and P N Venugopal note that the report has irked the local communities as well as environmentalists.




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Ubiquitous, useful, and dangerous


Polyvinyl chloride or PVC is all around us. It is one of most versatile of plastic materials and its global production is at 40 million tonnes a year. Yet, PVC products are being phased around the world, and India may need to follow. Rasika Dhavse has more.




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Setting a precedent for trafficking hazardous waste


By every rule in the book, this ship, carrying asbestos waste and radioactive elements, should not be in Indian waters, let alone be beached. And yet, despite well-premised objections, the central government persuaded the Supreme Court to rule that Blue Lady be dismantled at Alang. Gopal Krishna was a petitioner in the litigation.




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Tiger census results may sharpen conservation debate


The formal count of the number of tigers in India's 28 tiger reserves is expected to be announced on 31 December 2007. The report could help formulate policies of land use as well as accentuate the debate on rehabilitation of forest dwellers in favour of wildlife conservation, writes Malini Shankar.




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A hazardous smokescreen of words


Last year, the Ministry of Environment and Forests attempted to dilute the hazardous waste management regulations. Earlier this year, the Supreme Court intervened and the tacky attempt appears to have stalled. Gopal Krishna digs deeper.




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What Chernobyl and Fukushima remind us


On the 30th anniversary of the catastrophic nuclear accident in Chernobyl, one can ignore the lessons – as well as those of the Fukushima plant, only at our peril, writes Darryl D’Monte.




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Residents using rule of law to secure justice


Hasmukh Dhumadia narrates his experience of helping the local residents of a village in Gujarat in their fight for environmental justice.




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More money for more dust


Harapriya Nayak and Santosh Dora share their experience of working with the tribals of a small village in Odisha, who were suffering because of heavy mining happening in their area and how they brought about a change.




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Forget politics, focus on smog science


It’s not the crop burning, stupid. It’s vehicles that create smog and the media should educate the public. Anup Kumar explains.




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Muzaffarnagar Baaqi Hai | “Settling” forest rights in “campaign mode” | For Pakistani Hindus in India, hopes start to sour


In this edition we look at a powerful documentary on the Muzaffarnagar communal riots that shook the nation in September 2013, the plight of Pakistani Hindus refugees in Delhi, the intent behind settling the forest rights claims of tribals, the crime, atrocities and discrimination against Dalits which is on  rise, the sad state of our nation's health care system, the message of Pope Francis’s latest Encyclical, and much more.




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Addressing Make in Africa, at the India-Africa Summit | On the waterfront in Mumbai | The military musical chairs


In this edition we look at the recently concluded India-Africa Forum Summit, how the original habitants and workers of Mumbai Port are being ignored in the port redevelopment plans, how the RTE Act faring in the State of Tamil Nadu, the rights of the Indian domestic workers, the business of illegal sand mining, how a village is showing the way to sustainable living and much more.




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With road rationing, Delhi fights air pollution | Why must only the poor suffer?


In this edition, we look into the odd-even traffic experiment going on in Delhi to combat its air pollution, how poor people lost eye sight in botched up cataract surgeries performed in Barwani, Madhya Pradesh, the skill deficit in the emerging work force of our country, an interview with the well-known Tamil feminist writer C S Lakshmi, and more.




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No matter who’s ruling, they just won’t brook dissent! | Is the Hubli-Ankola Railway line approved?


In this edition, we find out how free speech and dissent has never been welcomed in our country by any of the ruling parties, why the approval of the Hubli-Ankola railway line is not yet final, the gaps in the social security law for unorganised sector being proposed by the finance minister, the brutal and brave stories of some rape survivors, and more.




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Trade rules and what they eclipse | The Supreme Court just made it easier for you to save lives; here’s how!


In this edition, we celebrate the International Women's Day by bringing out inspiring stories of Soni Sori and the girl footballers from Chennai. We also look into why India's solar mission is in dispute with WTO, the Good Samaritan guidelines that are made compulsory now, and more.




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Why ‘skilling’ India must focus on schooling


The thrust on vocational skills and values among the youth has more often looked at solutions based on extraneous skill-development modules. E S Ramamurthy explains why a more skilled future workforce must entail fundamental reforms in schooling.




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A mother's fight for justice


Despite all that she has endured, Neelam Katara remains a picture of stoic determination and motherly affection. Vasudha Mehta visits her to learn what her son's murder and the subsequent trial have taught her about the justice system.




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A committee to exonerate industry?


The recommendations of the committee constituted to look into the claims of endosulfan victims in Kasargod and decide on the need to set up a tribunal to settle those, appear to be largely sympathetic towards the Plantation Corporation and endosulfan manufacturers. P N Venugopal reports.




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Muslim women fight patriarchal Sharia laws


Several women’s groups are now fighting the age-old gender bias perpetuated by Sharia law and finding ways to help Muslim women who have suffered due to its patriarchal dispensations. Pushpa Achanta reports on some of these, including one which proposes a codification of such law, reinterpreted.




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Silicosis - a 'dusty' tale in Rajasthan


The lung dust that hundreds of thousands of mineworkers in Rajasthan are exposed to takes a severe toll on their health and lives. The rules meant to protect them, however, have yet to be dusted off the shelves. Deepak Malik recounts the history of the mineworkers' plight.




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Junkyard justice at Alang


The Clemenceau has set sail for India, and the spotlight is on the ship-breaking industry at Alang, where workers' safety takes a last-row seat and owners operate without fear of regulatory enforcement or punishment. Ramesh Menon writes that the toxic cargo presents an opportunity to reverse this tide of disgrace.