Indian girl beats coronavirus months after surviving cancer in Dubai
Dubai: A four-year-old Indian girl in Dubai, despite her low immune system, has become one of the youngest coronavirus survivors in the UAE after she recovered from the deadly disease last week, according to a media report.
Sivani, who is also a cancer survivor, was admitted on April 1 at the Al Futtaim Health Hub after she got infected with the virus passed on by her mother who is a frontline health worker, the Gulf News reported.
Both Sivani and her dad were also tested despite not having any symptoms and, unlike her father, Sivani was found to be positive, the report said.
Sivani and her mother were kept in the same facility, but extra precautions were made for the girl who had also fought off a rare type of kidney cancer last year called ganglioneuroblastoma.
Sivani was discharged from the hospital on April 20, the report said.
Sivani had undergone chemotherapy sessions only last year and hence her immune system was still weak, said Dr Tholfkar Al Baaj, group medical director at Al Futtaim Health Hub and the consultant in family medicine who treated Sivani.
The doctors were concerned as she was at higher risk of developing a severe form of the disease and therefore, we had put her under close monitoring. Fortunately, she did not develop any complications from the infection, he added.
Sivani remained under treatment for 20 days before two consecutive negative swab tests rendered her all clear. She will now undergo 14-days quarantine at home, the report added.
Sivani's mother has also completed her treatment but remains under observation and is expected to be released soon.
Sivani is believed to be one of the youngest coronavirus recoveries in the UAE. Others were a seven-year-old Syrian girl and a nine-year-old Filipino boy both in Abu Dhabi, the report added.
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STT hike in F&O aimed at curbing speculative trade, protect small investors: Sitharaman
New Delhi (PTI): Finance Minister Nirmala Sitharaman on Sunday said the increase in STT in F&O is aimed at curbing high-risk speculative trade and discouraging gullible investors who were losing huge amounts of money in the derivatives market.
The Budget has proposed an increase in the Securities Transaction Tax (STT) on futures contracts to 0.05 per cent from 0.02 per cent.
STT on options premium and exercise of options are proposed to be raised to 0.15 per cent from the present rate of 0.1 per cent and 0.125 per cent, respectively.
Addressing a post-budget conference, Sitharaman said the government is not against derivative trade, but wants small investors, who are facing huge losses, to stay away from the speculative F&O market.
"This nominal increase is purely aimed at speculation, only to deter them, to discourage them. We are not against it (F&O trade), but small investors are facing losses, so how can we be quiet, so it (STT hike on F&O) is to deter such investments," Sitharaman said.
According to studies by Sebi, over 90 per cent of retail investors' trades in the F&O segment lead to losses, and the capital markets regulator has also taken steps to reduce volumes in the past.
Market regulator Sebi has also cautioned small and retail investors against trading in the F&O segment, underscoring the need for responsible investing.
Addressing questions on the intention behind the STT hike, Revenue Secretary Arvind Shrivastava said it has been done to discourage speculative tendencies and handle systemic risk in the derivatives market.
"The government's intention is to discourage speculative tendencies, and the increase in rate is essentially in that direction. So, it is meant to essentially handle the systemic risk in derivative markets," he added.
Shrivastava said even after this increase, the rates of STT will remain modest compared to the volume of the transactions that are happening.
The hike in STT is aimed squarely at high-volume derivative trading, rather than the cash equity market, and is expected to meaningfully increase transaction costs for active and short-term trading strategies.
Sitharaman further said the highest-ever capital expenditure of Rs 12.22 lakh crore announced for 2026-27 works out to be 4.4 per cent of GDP.
The capital expenditure for FY27 is 10 per cent higher than the Rs 11.11 lakh crore budgeted capex announced in FY26.
"We have announced that Rs 12.22 lakh crore is coming through public expenditure. This time it is 4.4 per cent of GDP, which is the highest at least in the last 10 years, it could even be the highest if you were to take data from earlier periods," Sitharaman said.
The capital expenditure was 2.5 per cent of GDP in 2021-22 and around 4 per cent of GDP in 2024-25. The government's capital expenditure was Rs 2.35 lakh crore in 2015-16.
She further said that the 4.3 per cent fiscal deficit target for FY27 is "realistic and responsible". The Budget has proposed to lower the fiscal deficit to 4.3 per cent in FY27, from 4.4 per cent in FY26.
Asked about the budget not making any big announcement for poll-bound states, Sitharaman said there are various announcements, including industrial corridors across the eastern and western parts of India. "So there is enough to cover election states and all other states," she said.
