Indian nurses start work to combat COVID-19 in UAE
Dubai: A newly-wed woman, mothers who said emotional farewell to their kids and sons who left their aged parents to fend for themselves - these are some of the first batch of 88 male and female Indian nurses who started their work on Tuesday to help the UAE fight the COVID-19 pandemic.
The team of nurses arrived in the UAE from India early this month to help the Gulf nation combat the coronavirus. The nurses are from Aster DM Healthcare hospitals in the states of Kerala, Karnataka and Maharashtra.
After a week of quarantine and another round of COVID-19 negative results, the nurses began an orientation programme on Sunday. The deployment to their assigned facilities began on Tuesday.
"A large number of them are going to hospitals under the Dubai Health Authority (DHA). The DHA is also supporting some private players (healthcare groups) by deputing these nurses to places where there is a requirement. It is important that we support each other now," Dr Azad Moopen, founder chairman and managing director of Aster DM Healthcare, told the Gulf News.
The nurses from India voluntarily took up the challenge of battling coronavirus abroad for three to six months despite their personal circumstances.
Ashly Jayson, 25, is one of the youngest in the team, is a newly-wedded COVID warrior from Kerala. She credits her husband for allowing her to join the unique health mission.
"He is also a socially committed person. He has worked to promote the Kerala government's 'Break the Chain' awareness campaign, sometimes using my pictures.
For each and every nurse, this is a challenging situation worldwide," she told the Dubai-based English daily over phone.
Stephanie Newton from Aster Bangalore left behind her three children, including the youngest who turned one this month. She said goodbye to them before leaving them in the care of her family.
"As nurses we need to take up our job with a smiling face and we are here to help people suffering from a deadly disease. Though we have our own concerns, we need to remain courageous and I am thankful that my husband and eldest son are very supportive," she said.
Varsha Kanitakar from Maharashtra could not even say goodbye to her only son, aged nine, as he was away with his father in Karnataka.
"It took time for me to convince my husband to let me come. My family will face the challenge of handling my son without me when he has to get back to school," she said.
Sijo Thomas has left behind his aged parents. The only son to his parents, Sijo faced a dilemma of convincing them before he set out on the mission, the report said.
"All patients are equal for nurses. We should be ready to provide our care wherever it is necessary. We can't choose the cases. I am really grateful for getting this opportunity to serve people who need our care the most," he said.
The nurses had arrived in the UAE amid a surge in the number of COVID-19 infections in the Gulf nation.
The novel coronavirus which originated in Wuhan in December last year has claimed 318,851 lives and infected over 4.8 million people globally, according to Johns Hopkins University data.
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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.
