Showing posts with label Indian economic. Show all posts
Showing posts with label Indian economic. Show all posts

Monday, June 15, 2009

30 swine flu cases in India, government says suspend visits abroad

Swine flu cases in India mounted to 30 Monday after seven more teenaged students who returned from an educational tour of the US tested positive for the virus. On its part, the government urged the people, especially students, to suspend their visits abroad.

According to health officials here, seven of a group of 31 students from the Guru Amar Das Public School in Jalandhar, who had gone to New York and Florida to visit National Aeronautics and Space Administration (NASA) facilities, tested positive for swine flu.

While one of the students was detected with swine flu Sunday and was hospitilised in Delhi, the rest left for Punjab and were Sunday found to be suffering from flu-like symptoms.

'Ten had developed symptoms of mild influenza-like illness and were kept in isolation at the Civil Hospital in Jalandhar,' said an official statement here.

'Of the 10, seven tested positive for the influenza A(H1N1) virus Monday. All these children are stable and responding to treatment,' the statement added.

The rest of the students, their families and social contacts and those sitting in their proximity on the flight back have been identified, the statement said.

Four doctors from the National Institute of Communicable Diseases (NICD) here have gone to Jalandhar to oversee the treatment of the students.

So far, samples of 318 people have been tested, of which 30 have tested positive for influenza A (H1N1), a health official said.

Of these, only two are human-to-human transfer cases.

'Among the 318 tested, 92 were identified through health screening at international airports, 10 were identified through contact tracing and the rest were samples from people who have self-reported,' the official said.

In Hyderabad, two sisters aged eight and four and a 45-year-old woman were late Sunday confirmed to be infected, taking the total number of cases in Andhra Pradesh to 12, the highest in India. The confirmed cases include five children.

The two sisters and their mother arrived in Hyderabad from New York June 10. The mother is among five passengers kept under observation for suspected symptoms of swine flu.

Doctors at the Andhra Pradesh Chest Hospital said the samples of the suspected cases, including two children had been sent to the National Institute of Communicable Diseases (NICD) in New Delhi.

With the surge in swine flu cases, Health Minister Ghulam Nabi Azad, who chaired a review meeting Monday morning, said: 'Till this disease is not controlled globally, I would like to request young people from educational institutions going abroad to suspend their visits for the time being.

'They can go after 2-3 months,' he told reporters.

The World Health Organisation (WHO) Thursday raised its alert against the swine flu to the highest level - Phase 6. The swine flu pandemic is the first since the Hong Kong flu pandemic of 1968 that killed one million people.

Azad said situation was under control as of the total infected people, 11 had been discharged after being treated.

'Medicine is available in plenty and the most important thing is that this disease is 100 percent curable. Of the total 23 cases (repeated at the time he spoke), 11 have already been treated and discharged. So you are only left with 12 cases,' he said.

He said that keeping in mind India's size and population, the cases here were minimal as compared to the huge numbers most developed countries have reported.

Azad said the director general of health services should immediately send a Rapid Response Team to Punjab and make available adequate quantities of Tamiflu tablets to help contain spread of the disease.

The health minister also spoke to chief ministers of all the states urging them to gear up their health machinery to prevent the spread of the virus.

Thursday, December 11, 2008

Indian economic outlook uncertain - Subbarao

The near-term outlook for the Indian economy remains uncertain, and the Reserve Bank of India (RBI) is ready to follow up last weekend's aggressive rate cuts if needed to boost the economy, Governor Duvvuri Subbarao said on Thursday.

Asia's third-largest economy is struggling to fend off damage from the global credit crisis. Last weekend, the Reserve Bank of India cut its key short-term rates by 1 percentage point and the government unveiled a fiscal package including $4 billion of extra spending.

"The situation way forward is quite uncertain. The RBI will take appropriate action as and when required," Subbarao told reporters after a board meeting in the eastern city of Kolkata.

"The RBI will continue to closely monitor the developments in the global and domestic financial markets and will take swift and effective action as appropriate."

The RBI would also work to minimise stress on the economy, and Subbarao said the sharp fall in inflation would be a consideration at the next scheduled policy review on Jan. 24.

The annual inflation rate fell to an 8-month low of 8 percent at end November, data showed on Thursday. The inflation rate had peaked at 12.91 percent in early August.

"Certainly, the development will reflect on our next policy (review)," Subbarao said when asked whether the central would revise downwards its inflation forecast for 2008/09.

On Wednesday, Subbarao said growth projections for the financial year ending in March 2009 may be revised downwards and 2009/10 may be a "more difficult year".

Evidence of a sharp slowdown is surfacing consistently in several sectors such as automobiles, textiles, exports, real estate and many analysts expect overall economic expansion to slow to 7 percent in 2008/09.

The RBI's board approved a previously announced 40 billion rupee refinance facility for the National Housing Bank for liquidity support to the housing sector.

It also approved a 50 billion rupee refinance facility to the Exim Bank to help struggling exporters.