MHA issues SOP for stranded Indians who wish to return
New Delhi: The government on Sunday issued a Standard Operating Protocol (SOP) for the return of Indians stranded abroad due to the coronavirus lockdown, saying it will be a paid service and preference will be given to those who are in distress, who have lost their jobs or to pregnant women.
A similar SOP was also issued by the government for those who are stranded in India and desire to travel abroad.
As per the latest SOP, issued by the Union Home Ministry, those who wish to return to India will have to register themselves with the Indian missions in that country, along with necessary details as prescribed by the Ministry of External Affairs.
Priority will be given to compelling cases in distress, including migrant workers, labourers who have been laid off, short-term visa-holders facing expiry of visas, persons with medical emergency, pregnant women, elderly, those required to return to India due to death of family member, and students, the SOP said.
The cost of travel, as specified by the carrier, will be borne by such travellers, it said.
All those who will arrive from abroad will have to follow the guidelines for quarantine arrangements issued by the Ministry of Health and Family Welfare (MoHFW), the SOP said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee falls 11 paise to 94.27 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 11 paise to 94.27 against US dollar in early trade on Monday driven by persistent dollar demand and a broader shift toward safe-haven assets.
Forex traders said the Indian rupee has hit a rough patch, falling for five consecutive sessions, weighed down by a combination of factors such as the RBI loosening its grip on currency rules and rising oil prices caused by global tensions.
Moreover, investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty.
At the interbank foreign exchange market the rupee opened at 94.25 against the US dollar, then lost some ground and touched 94.27 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Friday, the rupee had settled at 94.16 against the American currency.
ALSO READ: Death toll in Mundathikode fireworks explosion rises to 16
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.09 per cent at 98.44.
Brent crude, the global oil benchmark, was trading higher by 1.16 per cent at USD 106.55 per barrel in futures trade.
A mix of softer economic signals and renewed, even if fragile, hopes of diplomacy pulled the dollar lower again, CR Forex Advisors MD Amit Pabari said, adding that for Rupee, on one hand, a softer dollar offers relief. On the other, uncertainty remains the dominant force.
Meanwhile, India’s forex reserves have crossed USD 703 billion as of April 17, reflecting a consistent build-up of buffers.
"For now, the rupee continues to lean toward gradual weakness. Uncertainty remains the dominant force, shaping both global flows and local reactions," Pabari said.
He further noted that any dips are likely to be bought into, with the 92.80–93.20 zone acting as a strong support. On the upside, 93.50 to 94.50 is expected to define the near-term range.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 518.96 points or 0.68 per cent higher at 77,183.17, while the broader Nifty was trading up 131.30 points or 0.55 per cent at 24,029.25.
Foreign Institutional Investors offloaded equities worth Rs 8,827.87 crore on Friday, according to exchange data.
