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SIKH TIMES WEBSITE PAGE.Qxd instagram.com/ @thesikhtimes facebook.com/ thesikhtimes qaumipatrika VISIT: PUBLISHED FROM Delhi, Haryana, Uttar www.thesikhtimes.in Pradesh, Punjab, The Sikh Times Email:[email protected] Chandigarh, Himachal and Jammu National Daily Vol. 12 No. 223 RNI NO. DELENG/2008/25465 New Delhi, Saturday, 2 January, 2021 [email protected] 9971359517 12 pages. 2/- Simmi Kaur Babbar ÁŒÀ‹Ë ∑‘§ ’ÊÚ«¸⁄UÙ¥ ¬⁄U ’ÒΔ ‹ÊπÙ¥ Á∑§‚ÊŸÙ¥ ∑‘§ ‚ÊÕ ∑§Ù߸ ŸÃÊ ÿÊ ‚⁄U∑§Ê⁄U œÙπÊ Ÿ„Ë¥ Oxford-AstraZeneca Covid vaccine set to become first to get approval in India New Delhi, January 1: An expert panel on COVID-19 of the Central Drugs Standard Control Organisation (CDSCO) is set to recom- mend granting emergency use authorisation for the Oxford COVID-19 vaccine Covishield, being manufactured by Serum Institute of India, sources said on Friday.The Pune-based Serum ∑§⁄U ‚∑§ÃË– Institute of India (SII), the world’s largest vac- cine manufacturer, has tied up with AstraZeneca to manufacture Covishield. The UK’s Medicines and Healthcare products Regulatory Agency (MHRA) on Wednesday had approved the COVID-19 vaccine developed by scientists at Oxford University and produced by AstraZeneca for human use.The Subject Á∑§‚ÊŸÙ¥ ‚ ªgÊ⁄UË ∑§⁄UŸ flÊ‹Ê Expert Committee (SEC) on COVID-19 of the CDSCO, which had earlier sought additional safety and immunogenicity data from SII, delib- erated on its application seeking emergency use authorisation (EUA) for the shots on Wednesday, and met again on Friday to review ’ŇÊÊ Ÿ„Ë¥ ¡Ê∞ªÊ– the matter. After SII’s application, the SEC has started reviewing the EUA application by Bharat Biotech for its COVID-19 vaccine Covaxin but is yet to take a final decision on the Gurcharan Singh Babbar matter, sources said. “In terms of safety, Covishield was well tolerated with respect to solicited adverse events...majority of solicited President reactions were mild in severity and resolved without any sequelae. “Therefore, Covishield is All India Sikh Conference safe and can be used effectively for prevention of COVID-19 in the targeted population. 5, Bahadur Shah Zafar Marg, ITO, New Delhi Contact: 9971359517, 9312262300 2 New Delhi, Saturday, 2 January, 2021 BUSINESS THE SIKH TIMES NEWS BOX Holiday Calendar 2021: Check out public holiday Tax tribunal drops remark list in India for the whole year against Mistry in Tata order New Delhi: The year 2020 is over now and MUMBAI: Two days after passing critical Mistry’s office, while making a note of the today is the first day of 2021.While 2020 was remarks against Cyrus Mistry, the Income rectification done by the ITAT on its own, saddled by the burden of COVID-19 Tax Appellate Tribunal (ITAT) has issued a said that “instead of seeking to blame the pandemic that restricted our travel plans, one corrigendum, stating “some inadvertent former Tata Sons chairman at every turn, hopes that this year is going to be a better one. errors” had crept into its order involving the the trustees of Tata Trusts must introspect Additionally, one just hopes that the new year Sir Dorabji Tata Trust and it has been why they have deviated from this path, 2021 is not eclipsed by the COVID- “rectified”.The modified order has removed leading to a greater scrutiny on their Pandemic and all of us can have happier days certain observations against Mistry about his operations by the various government ahead, that we can have our fair share of intent to supply documents related to Tata bodies”.His office also said that even in vacations and leaves to look forward to. Trusts and acknowledged that the 2013 (when Mistry was at the helm of Tata In the above context, the information regarding information sent by the former Tata Sons Sons), the Comptroller Auditor General of public holidays will really be handy on two chairman was in response to summons India (CAG) found irregularities of nearly occassions --when you want to take a quick issued by the commissioner (exemptions). Rs 1,000 crore in tax exemptions given to retreat (in case of long weekends) and when Mistry was named in the December 28 order, Tata Trusts. Mistry was removed from Tata you want to go on a planned leave. despite not being part of the proceedings Sons in October 2016.“The trustees must These holidays are as per the Ministry of involving Tata Trusts.On Thursday, Mistry’s introspect why in July 2018, the Public Personnel, Public Grievances and Pensions. office said that responding to summons was Accounts Committee, a parliamentary The holiday list is categorised on the basis of a requirement under the law and even the committee, expressed concern that public Gazetted Holidays (denoted by G) as well as Articles of Tata Sons envisage disclosure of charitable trusts were being used to run some very popular Restricted Holidays.This information, when required to do so by a businesses for profit and repeatedly must be noted that the above holiday calendar court of law. “One fact, which was violating rules. The CAG Report of 2019 is by no means an exhaustive list but it gives a inadvertently missed out, was that the records that the corpus funds of Trusts are glimpse into the most popular public information furnished by Mistry was in being utilised to control the business of holidays. response to a notice,” the ITAT clarified on group companies instead of applying funds Wednesday. The “mistakes stand rectified” for charitable purposes.”Mistry’s office and, to that extent, the December 28 order further said, Markets open New Year “stands modified”, the corrigendum, signed “While we all are extremely proud of the 2021 on high note, Nifty by president P P Bhatt and VP Pramod removed as its chairman, cannot be said to be reasonable degree of circumspection and good work that has been done by Tata Trusts Kumar, stated.The previous order had “influenced by call of a pure conscience and should not be placed on such a high pedestal in the past, the question today is whether the crosses 14,000 remarked that Mistry’s action of supplying high ground of morality…”On Wednesday, so as to relegate all other material facts and decisions to deviate from the highest documents to the department without any the ITT dropped this reference and accepted past assessment history of the case standards of governance imperils the largest New Delhi: Markets opened the New Year on a authorisation from Tata Sons, even though substituted it with “...the inputs from those into insignificance”. However, there is no public charitable trusts in India, and prevents positive note led by gains in IT, auto and they were obtained by him in the fiduciary engaged in a rivalry with an assessee (Sir change in the outcome of the appeal, which benefits from reaching its rightful select banking and financial stocks. capacity, almost immediately after being Dorabji Tata Trust) ought to have been upheld the tax exempt status of Sir Dorabji beneficiaries — the people of India.” The benchmark BSE Sensex rose by 181.26 considered by the department with a TataTrust, clarified the ITAT. points or 0.38 percent to 47,932.59 in early trade. The broad-based NSE Nifty breached Only a dozen large cos the 14,000 level by rising 48.55 points or 0.55 percent to 14,030.30 in opening trade. In a surprise move, Ford, Mahindra call off seek Covid loan recast Major gainers in the Sensex pack were M&M, TCS, SBI, HDFC, Ultrachem, ITC, Maruti, MUMBAI: Around a dozen large Infosys, HDFC Bank, Bajaj Finance, Kotak proposed auto joint venture borrowers have applied for the Bank and Dr Reddy, rising upto 2.30 percent. RBI’s loan restructuring scheme for those affected by Covid stress. On the other and, major losers were Sun NEW DELHI: In a sudden and surprising move Mahindra said, “The Company and Ford have The deadline for corporates and Pharma, ICICI Bank, NTPC, Powergrid, at the close of 2020, American auto maker Ford mutually and amicably determined that they HUL, Axis Bank, Asian Paint, Bajaj and homegrown Mahindra and Mahindra will not further pursue their Joint Venture individuals to make an application Finserve, Nestle, Tech Mahindra and Titan, decided to call off their automotive joint plan.” under the RBI’s resolution falling upto 0.61 percent. venture, blaming the decision on “global framework for Covid-related Mahindra also said that the outcome was driven stress ended on December 31. For FPIs have been a major driver of the rally in economic and business conditions caused, in by the “fundamental changes in global Indian stock markets. According to exchange part, by the global pandemic”.Ford insisted that economic and business conditions caused, in small businesses, there is a data, FPIs bought shares worth Rs 1,135.59 it will continue to maintain its solo operations in part, by the global pandemic” since the separate restructuring scheme that crore on a net basis on Thursday. India.There was no joint statement by the agreement was first announced. “These will be valid until March 2021. The indices finished the year 2020 with overall companies as both of them issued separate press changes influenced separate decisions by the The Future Group, Shapoorji gains of around 15 percent. Sensex gained releases regarding the surprising Company and Ford to reassess their respective Pallonji Group and SpiceJet are 15.7 percent while the Nifty jumped 14.9 announcement.The statement by Ford said that capital allocation priorities.” among those who will apply for percent in the year.Most Asian markets and the decision was driven by fundamental Ford said it is “actively evaluating its businesses loan restructuring.
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