India’s Supreme Court has criticised the government’s coronavirus vaccination programme as it continues to struggle with chronic vaccine shortages amid ongoing devastation from a severe wave of infections.
The country’s top court questioned the Modi government’s vaccine procurement policy, which has left vulnerable Indian states to fend for themselves in local and global markets amid a dramatic shortfall in local production.
“We are asking you to please wake up and smell the coffee and see what’s happening across the country,” the court told the government during a hearing on the Covid-19 crisis on Monday.
The three-judge bench asked the second highest law officer of the country whether it was the policy of the federal government to let states compete with each other in procuring vaccines.
“You can't just say that you're the centre and you know what's right. We have a strong arm to come down on this," Justice Dhananjaya Chandrachud told Tushar Mehta, the Solicitor General of India.
A day earlier, the government had promised to provide 120 million vaccine doses in June, but experts said it would not be enough to boost the vaccination drive among India's massive population.
The country of nearly 1.4 billion people had a meagre 80 million vaccine doses available in May, forcing many regions to curtail the immunisation drive that is considered key to defeating the raging pandemic.
Covid-19 has killed nearly 150,000 people in India since March.
India's government in January promised to give free vaccines to about 300 million people by the end of July – mostly health workers and those above the age of 45.
But the government rushed to roll out vaccinations for nearly 600 million people between the ages of 18 and 44 in May as the brutal wave of infections threatened to overwhelm the country’s healthcare system.
Experts say the knee-jerk announcement was taken without accounting for the availability of vaccines and derailed the vaccination programme.
The world's leading vaccine manufacturer, India has only administered 212 million shots, with only 44 million people having received both doses, according to health ministry data.
"Considering the vaccine supply was already short for those above 45 years of age, it was not wise to open up for the entire population. India should have waited before doing that," said Dr Chandrakant Lahariya, an independent Delhi-based vaccinologist.
Dr Lahariya told The National the 120 million doses for the month of June will help the country inoculate four million people a day but was still far below the target of 8-10 million daily vaccinations needed to help curb the raging pandemic.
Although infection rates have ebbed in recent days after hitting a peak of more than 400,000 new daily cases in early May, tens of thousands of new patients are being identified each day.
On Monday, the country reported more than 150,000 cases, its lowest daily rise in nearly 50 days, with 3,100 deaths in 24 hours.
India's case tally exceeded 28 million, while the death toll since the pandemic beganpassed 325,000 amid fears of a third wave.
Experts say one of the major reasons for the crisis is that the local vaccine makers could not increase production to meet the huge demand when the federal government expanded the programme in May and asked states to procure doses on their own.
The country is administering two indigenously produced vaccines – Oxford-AstraZeneca’s Covishield produced by the Serum Institute of India (SII) and Bharat Biotech’s Covaxin – after they were given emergency approval in January.
The SII produces 65 million doses a month, while Bharat Biotech makes 20 million monthly, according to a government affidavit submitted to the Supreme Court.
"We will ramp up our production to 90 million by June and 100 million by July," a company official confirmed to The National.
India has also introduced Sputnik V on a smaller scale, with local production of the Russian vaccine due to begin in the coming months.
The country is also seeking vaccines from Pfizer and Moderna amid mounting pressure from critics, health experts and opposition parties.
Pfizer has shown interest in an arrangement for 50 million shots but the deal is being delayed over indemnification and other clauses, while Moderna is expected to enter the Indian market next year.
India's vaccine scramble comes months after Prime Minister Narendra Modi "gifted" about 66 million doses to other countries under its controversial "vaccine diplomacy" programme. The country stopped exporting doses in April, however.
Whether we will be able to keep to the timeline announced by the government and complete most vaccinations by the end of this year remains to be seen
India's External Affairs Minister Subrahmanyam Jaishankar last week flew to the US to seek its co-operation and iron out issues surrounding the import of Covid-19 vaccines and the raw materials needed to make them.
Last week, the government said it would provide two billion doses between August and December without giving a breakdown of the procurement plans.
But health experts say the government’s ambitious new target to vaccinate close to a billion people will face serious challenges, both in terms of production and procurement.
"Whether we will be able to keep to the timeline announced by the government and complete most vaccinations by the end of this year remains to be seen, because of the challenges of availability of vaccines and enough vaccination centres," Dr K Srinath Reddy, President, Public Health Foundation of India, a health charity, told The National.
"We would all want the scale and pace to be increased but we do not know how much is available in the international market so we have to try to both produce more and procure more vaccines."
DUBAI WORLD CUP CARNIVAL CARD
6.30pm Handicap US$135,000 (Turf) 2,410m
7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m
7.40pm Dubai Dash Listed $175,000 (T) 1,000m
8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m
8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m
9.25pm Handicap $135,000 (D) 2,000m
The National selections
6.30pm: Gifts Of Gold
7.05pm Final Song
7.40pm Equilateral
8.15pm Dark Of Night
8.50pm Mythical Magic
9.25pm Franz Kafka
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Kibsons%20Cares
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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More coverage from the Future Forum
The Light of the Moon
Director: Jessica M Thompson
Starring: Stephanie Beatriz, Michael Stahl-David
Three stars
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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SPECS
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Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
Spider-Man: No Way Home
Director: Jon Watts
Stars: Tom Holland, Zendaya, Jacob Batalon
Rating:*****
match info
Athletic Bilbao 1 (Muniain 37')
Atletico Madrid 1 (Costa 39')
Man of the match Iker Muniain (Athletic Bilbao)
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Austrian Grand Prix race timings
Weekend schedule for Austrian Grand Prix - all timings UAE
Friday
Noon-1.30pm First practice
4-5.30pm Second practice
Saturday
1-2pm Final practice
4pm Qualifying
Sunday
4pm Austrian Grand Prix (71 laps)
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The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
Price: from Dh195,000
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
SPECS
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Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Company%20Profile
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