Thumbay labs launches COVID-19 testing, sample collection centers in Dubai
Dubai: Thumbay Labs, one of the largest networks of CAP-accredited private diagnostic labs in the region owned by Thumbay Group, has launched COVID-19 testing under authorization by the Ministry of Health (MOH), UAE, augmenting the Coronavirus testing facilities of the country. Sample collection centers have been set up at all Thumbay Hospitals and Clinics located at Dubai, Sharjah, Umm Al Quwain, Ras Al Khaimah, Ajman and Fujairah. Timings are from 9am to 6pm.
To avail the testing facility, patients may walk in or book an appointment by calling the respective sample collection centers at the Thumbay hospitals and Thumbay clinics, or by contacting the Customer Care number of Thumbay Labs 04 6030555 or 05 66806455 (WhatsApp). People need to bring their valid Emirates ID to proceed with the test.
The UAE is among the leading countries of the world in terms of number of diagnostic tests conducted for coronavirus detection. The WHO has already acknowledged the UAE’s status as the country with the most per capita testing numbers. We are happy that Thumbay Labs and Thumbay Hospitals are active participants in the UAE’s fight against the global pandemic.
‘’Humanity is facing unprecedented challenge from COVID-19 pandemic. In the war against novel coronavirus, lab testing plays a very important role. We, at Thumbay Labs, are committed to lead from the front in this war. Thumbay Labs, known for speed and accuracy of reports, will strive tirelessly to provide quality COVID-19 lab testing for the UAE’s population,’’ said Dr. Nasir Parwaiz, Director, Thumbay Labs.
Thumbay Labs, accredited by the College of American Pathologists (CAP), is the first network of diagnostic labs in the region featuring Total Lab Automation. With ultramodern equipments & highly qualified professionals, Thumbay Labs offer more than 1500 routine and special tests, with a number of affordable health check panels for everyone. They also provide fast online reports.
People can call on Thumbay Labs on: 04 6030555 / 05 66806455 (WhatsApp).
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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.
