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Reliance Industries has made the announcement of the First Call Payment on Partly Paid Up Shares (RILPP IN)

Timelines

Record Date: May 12 , 2021 (Wednesday).

Payable from May 17, 2021 to May 31, 2021, both days inclusive.

First Call Amount : INR 314.25/share.

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CDSL Q4FY21 (Cons – Audited)
Share price – 810

Total Revenue from ops at 103.1 Cr
59.9 Cr (71.88%) YoY |86.1 Cr (19.51%) QoQ

Year ended 344 Cr vs. 225 Cr (52.84%)

Net Profit of 51.6 Cr
28.1 Cr (82.11%) YoY 54.02 Cr (5.52%) QoQ

Year ended 201.2 Crs vs 106.7 Cr (89.71%)

EPS (in Rs) 4.95
2.74 YoY | 5.14 QoQ

Year ending EPS: .19.17 vs. 10.17

View: Strong result. YoY revenue and profit both have increased and QoQ revenue increased profit decreased due to other income impact which was recorded 7.1 Cr in Q4FY21 Vs. 17.1 Cr in Q4FY20.

Business Updates & Highlights

EBITDA in Q4FY21 is around INR 63.8 Cr Vs. 26.08 Cr in Q4FY20 Vs. 55.9 Cr in Q3FY20 therefore up by 144% in QoQ and 14.1% in QoQ.
EBITDA in FY21 was around INR 211.8 Cr Vs. 89.3 Cr in FY20. EBITDA Margin increased to 67% from 52% (FY 2019-20).

Company is basically two primary segment viz. Depository – 76.6% and Data entry and storage – 22.5%.

YoY and QoQ topline growth for Depository was around 75.6% and 16.1% respectively. YoY and QoQ bottomline growth for Depository was around 212% and 13.7% respectively (**Very Positive**)

YoY and QoQ topline growth for Data entry and storage was around 64.2% and 35.2% respectively. YoY and QoQ bottomline growth for Data entry and storage was around 71.4% and 20.2% respectively (**Positive**)

The Company in its meeting of Board of Directors held today recommended a final dividend of Rs. 9 per equity share

Financial
ROE and ROCE is around 15% and 19% respectively and book value per share is around INR 74 and share is trading around 1.9x of its book value. Company is currently trading at annualized PE of around 42 which is fair. Strong operating cash flow as of FY 2021 and it was 192.6 Cr Vs. 82.1 Cr in FY20 therefore its up by around 134% in YoY (**Very sound**)

Share view: Share price high 825 (52 week) and now 810. Central Depository Services (India) Limited operates as a securities depository in India. The Company offers service for a range of clients, such as depositary participants and other capital market intermediaries, corporates, capital market intermediaries, insurance companies and others.

Position: Long term investor should continue with this company if any correction will be good opportunity to add. Long term target can be 1250+

Opportunities
Strong quarterly performance and continoulsy posting outstanding numbers. Debt free company.

During the last financial year, 1.23 crore new active Beneficial Owners accounts were opened with CDSL taking the total number of active beneficial owners to 3.34 crores as on March 31, 2021.

In the quarter ended March 31, 2021, your company through its subsidiary CVL continued to generate capital market investor records under CVL and being the first and largest KYC Registration Agency (KRA) in the country

CDSL maintains and services 3.34 crore Demat accounts of Investors or Beneficial Owners (BOs) spread across India. These BOs are serviced by CDSL’s 592 Depository Participants (DPs) from over 20,600 locations.

Major shareholders of CDSL include BSE Limited, HDFC Bank, LIC and Standard Chartered Bank

CDSL has monopolistic business around 60% of depository account. Mainly discount brokerage includes Zerodha, Upstox, Sharekhan included with CDSL. Due to high growth by discount brokerage house CDSL growth is envitable.

Concern
Promoter holding is too low in the company and around 20% only.

Disclaimer: Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please do the thoroughly study before enter or exit the shares.
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Reliance Ind – Q4FY21 (Cons – Audited)

Total revenue from operations at 154,896 Cr
139,535 Cr (11.05%) YoY | 123,997 Cr (24.32%) QoQ

Year ending revenue 486,326 Cr Vs. 612,437 Cr (-20.58%)

Net Profit of 14,995 Cr
6,546 Cr (129.03%) YoY 14,894 Cr (0.44%) QoQ

Year ending profit 53,739 Cr Vs. 39,880 Cr (34.71%)

Before exceptional Item:
EPS (in Rs) 19.29
16.63 YoY |20.51 QoQ

Before exceptional item:
Year ending EPS 67.60 Vs. 70.19

View: Result is in line with the market expectation. YoY and QoQ revenue and profit both have increased although profit very marginally/flat increased in QoQ. Year ending profit increased due to exceptional gain in the tune of INR 5,642 Cr as against losses of around INR 4,444 corresponding previous year.

Business Updates & Highlights

EBITDA (Cons.) Q4FY21 was INR 26,602 crore Vs. 25,886 Cr Vs. 26,094 Cr in QoQ therefore up by 2.7% in YoY and up by 1.9% in QoQ.

EBITDA (Cons.) FY21 was INR 97,580 Cr Vs. 102,280 Cr in FY20 therefore declined by 4.3% in YoY.

Finance cost was around INR 4,044 Cr Vs. 6,064 Cr in YoY Vs. 4,326 Cr in QoQ therefore declined by 33% in YoY and declined by 6.5% in QoQ.

Exports (including deemed exports) from RIL’s India operations in Q4FY21 was INR 46,406 crore as against INR 31,569 crore in Q4FY20 therefore up by 46.9% in YoY. Export in FY21 was around 145,143 Cr Vs. 203,852 Cr therefore declined by 28.2% in YoY.

The capital expenditure for the year ended 31st March, 2021 was ₹ 79,667 crore ($ 10.9 billion) including exchange rate difference.

Reliance Jio
Revenue including access revenues for the quarter was INR 21,650 crore VS. 17,993 Cr in YoY Vs. 22,588 Cr in QoQ therefore declined by 20.3% in YoY and up by 5.3% in QoQ.

EBITDA for the quarter was INR 8,573 crore Vs. 6,289 Cr Vs. 8,488 Cr and increase of 36.3% in YoY and 1.1% in QoQ. EBITDA Margin was around 46.9% Vs. 40.9% Vs. 43.6% in QoQ.

Year ending EBITDA was around INR 32,359 Cr and EBITDA margin was around 44%.

Net profit in Q4FY21 was INR 3,508 Cr Vs 2,379 Cr in Q4FY20 Vs. 3,489 Cr in Q3FY21 therefore up by 47.4% in YoY and 0.83% in QoQ. FY21 Net profit was INR 12,537 Cr.

Total Customer base as on 31st March 2021 of 426.2 million. Largest customer base in country. Healthy gross addition of 31.2 million and net addition of 15.4 million during 4Q

RELIANCE JIO Q4FY21 ARPU RS 138.2 Vs. 151 in Q3FY21 therefore its declined.

Total wireless data traffic during the quarter of 16.7 Bn GB; 5.2% growth.

Reliance Retail

Revenue for the quarter was INR 41,296 crore Vs. 34,402 in YoY Vs. 33,018 Cr in QoQ therefore up by 20% in YoY and up by 25.1% in QoQ.

Revenue for the FY21 was around INR 139,077 Cr Vs. 146,272 Cr in FY20 therefore declined by 4.8% in YoY.

EBITDA for the quarter was INR 3,617 crore Vs. 2,557 Cr in YoY Vs. 3,087 Cr in QoQ therefore up by 41.4% in YoY and up by 17.2% in QoQ. EBITDA margin was around 8.8% Vs. 7.4% in YoY Vs. 9.3% in QoQ.

FY21 EBITDA was around INR 9,789 Cr Vs. 9,683 Cr in FY20 therefore up by 1.1% in YoY.

• The total store count stood at 12,711 stores, covering 33.8 million sq ft. at the end of the year. As operating curbs were lifted, new store openings resumed with 1,456 stores being added during the FY21. The business opened 826 stores during the quarter, higher than all previous quarters combined, reflecting the acceleration in the pace of new store expansion.

Grocery and Fashion & Lifestyle registered all-time high revenues and the strong growth in Consumer Electronics, was bolstered by higher Jio devices sales.

The business continued to set new records as it served over 1 million customers on the Republic Day sale activity, across stores and JioMart

3x growth in JioMart Kirana partnerships over last quarter with reach extended to 10 new cities and taking the count to 33 cities

Oils to Chemical business
Revenue of Q4FY21 was INR 101,080 Cr Vs. 96,732 Cr in YoY Vs. 83,838 Cr in QoQ therefore up by 4.4% in YoY and up by 20.7% in QoQ.

Revenue for FY21 was around INR 320,008 Cr Vs.451,008 Cr in FY20 therefore declined by 29% in YoY.

EBITDA of Q4FY21 was around INR 11,407 Cr Vs. 11,961 Cr in Q4FY20 Vs. 9,756 Cr in Q3FY21 therefore declined by 4.6% in YoY and up by 16.9% in QoQ.

EBITDA margin was around 11.3% Vs. 12.4% in YoY Vs. 11.6% in QoQ.

Segment Revenues for the O2C business declined by 29% to ₹ 320,008 crore on account of lower volumes and price realization across key products.

PP, PE and PVC prices strengthened during the quarter by 19%, 16% and 18% Q-o-Q respectively amidst limited availability from both domestic and deep-sea suppliers and healthy demand.

PP margins over propylene increased by 43% ($285/MT) and PVC margin over Naphtha / EDC increased by 9% ($682/MT) on Q-o-Q basis. PE margins over naphtha remained stable ($539/MT) during the quarter.

Media Business

Revenue for Q4FY21 was around INR 1,415 Cr Vs. 1,464 Cr in Q4FY20 Vs. 1,422 Cr in Q3FY21 therefore declined by 3.3% in YoY and up by 0.5% in QoQ.

EBITDA in Q4FY21 was around INR 279 Cr Vs. 225 Cr in YoY Vs. 324 Cr therefore up by 24% in YoY and declined by 13.8% in QoQ. EBITDA margin in Q4FY21 was around 19.7% Vs. 22.8% in YoY Vs.15.4% in QoQ.

Digital News business achieved a full-year break-even driven by accelerated revenue growth. Subscription product MoneyControl Pro and News18.com vernacular section were standout performers

Financial
ROE and ROCE is around 8% and 8.2% respectively and book value per share is around INR 1,104 per share and share is currently trading at 1.8x of its book value. Company is currently trading at annualized PE of 30 around which is average as per Industry benchmark. Promoter holding in the company is around 50.5% which is slightly increased by YoY and QoQ. FIIs and DIIs hold around 25.7% and 12.6% respectively. Operating cash flow as of March 2021 was INR 26,185 Vs. 94,877 Cr in March 2020

View Share price high 2,368 and now 1,994 . Reliance Industries Limited (RIL) is an Indian multinational conglomerate company. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

Position: Strong support is INR 1900. Long term investor should continue with the company.

Opportunities
RIL has combined its refining and petrochemicals businesses into an integrated O2C segment, which is being transferred to a wholly owned subsidiary. This would allow RIL to pursue further opportunities for growth along with the possibility of strategic partnerships.

RIL is among the top global petrochemical manufacturers. It is the largest producer of paraxylene, and the second largest of polyester fibre. Moreover, it is the fourth largest producer of purified terephthalic acid (PTA) and the fifth largest of polypropylene. In India, RIL accounts for nearly half of the total domestic cracker (ethylene) capacity, and has a production share of more than 50% in the polymers (PE, PP and PVC) market. Its strong market position helps it operate its petrochemical plants at full capacity and also benefits from its large scale

Reliance JIO
With its aggressive customer acquisition strategy, RJIL has built a strong market position in a short time.
Total Customer base as on 31st March 2021 of 426.2 million. Largest customer base in country. Healthy gross addition of 31.2 million and net addition of 15.4 million during 4Q

The increasing proportion of higher growth consumer-oriented businesses of retail and digital services have helped diversify RIL away from its traditional refining and petrochemical businesses (or O2C business).

Reliance Retail Strong recovery in revenues with EBITDA. Store count at 12,711; added 826 stores in 4Q FY21. Largest fund raise in consumer/retail sector in India from marquee global investors ($6.4b, Rs 47,265 Crores for 10.09%. Record revenue performance; growth of 35% YoY. Digital + New Commerce now contribute 10% of sales2. Jio Mart Kirana: Extended service coverage to 10 new cities, now active in 33 cities.

Risk Reliance two main businesses Petrochemicals and Refining continuously declined in YoY and QoQ despite they were covered still covered 55% dependent on topline in this quarter. GRM ($/bbl) corrected in QoQ and YoY. In bottom line this segment covers around 50% and declined by more than 40% in YoY. Deal with Aramco is also put on hold and currently no clarity on this matter. Considerably large, debt-funded capex or acquisition weakening the capital structure. Net Debt to EBITDA ratio over 2.5 times which is high.


Disclaimer: Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please do the thoroughly study before enter or exit the shares.
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LIVE now
https://youtu.be/gx-OzwHpM9k

Motilal Oswal foundation has contributed about 4.50 crs for COVID relief this week-
310 oxygen concentrators in Maharashtra, Raj and Guj thru BJS
50 BIPAP ventilators to various hospitals thru Pune Platform PPCR
one ambulance to Nandurbar collector
200 GAS CYLINDERS to hospitals in Raj
Also working with Seva Bharti and Sonu Sood foundation.
Situation remain challenging. Let’s hope for the best.


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https://wp.me/pd0eZY-Z2

When we have offered with lot many options then our mind gets confused about what things we looking for and that will result in postponing of selection or we selected the wrong option. That will create dissatisfaction after selecting an option.

Bloomberg: Buffett Calls SPACs a 'Killer,' Make Berkshire Less Competitive.
https://www.bloomberg.com/news/articles/2021-05-01/buffett-calls-spacs-a-killer-make-berkshire-less-competitive

Poonawalla flees India's 'aggression' to UK

Poonawalla hints that he may start producing in Britain and tells Martin Fletcher about threatening calls from the rich and powerful


Adar Poonawalla of the Serum Institute has arrived in Britain on business and to escape the desperate situation in India where Covid-19 is raging like “a tornado”
AVINASH GOWARIKER
Martin Fletcher
Saturday May 01 2021,

The phone calls are the worst thing, says Adar Poonawalla, the biggest manufacturer of vaccines in the world. They are incessant and very menacing, adds the man whose Serum Institute is producing 90 per cent of India’s Covid-19 vaccines at a time when the pandemic is rampaging through the second most populous country on Earth, causing fear, panic and death on an appalling scale.

The calls come from some of the most powerful men in India. They come from the chief ministers of Indian states, heads of business conglomerates and others demanding instant supplies of Covishield, as the AstraZeneca vaccine is known in India. “ ‘Threats’ is an understatement,” Poonawalla says. “The level of expectation and aggression is really unprecedented. It’s overwhelming. Everyone feels they should get the vaccine. They can’t understand why anyone else should get it before them.”

The calls begin cordially, but when Poonawalla explains that he cannot possibly meet the callers’ demands “the conversations go in a very different direction”, he says. “They are saying if you don’t give us the vaccine it’s not going to be good . . . It’s not foul language. It’s the tone. It’s the implication of what they might do if I don’t comply. It’s taking control. It’s coming over and basically surrounding the place and not letting us do anything unless we give in to their demands.”

The calls, and throngs of desperate people who gather outside the Serum Institute’s 100-acre, state-of-the-art campus in Pune, 90 miles east of Mumbai, explain why Poonawalla has been offered a government security detail, and why the campus now has round-the-clock police protection.

They are partly why Poonawalla flew to London to join his wife and two children hours before Britain banned travellers from India eight days ago. “I’m staying here an extended time because I don’t want to go back to that situation,” he says. “Everything falls on my shoulders but I can’t do it alone . . . I don’t want to be in a situation where you are just trying to do your job, and just because you can’t supply the needs of X, Y or Z you really don’t want to guess what they are going to do.”

He is also here on business. He says he is planning to start vaccine production in countries outside India. Would that include Britain? “There’s going to be an announcement in the next few days,” he replies coyly, but it is worth noting that Lord Udny-Lister, until recently one of Boris Johnson’s top aides, visited the Serum Institute in March, and that the prime minister was also due to visit it on his cancelled trip to India this week.

The Poonawalla's are now the sixth richest family in India with a jet-setting lifestyle to match. Poonawalla and his glamorous wife, Natasha, have luxurious homes in Pune, Mumbai and London, paintings by Picasso, Dali, Rembrandt and Rubens, private planes, a helicopter and a collection of 35 classic cars.

When Covid-19 appeared at the start of 2020 Poonawalla took a huge gamble. Long before he knew whether a vaccine would be forthcoming, he began dramatically expanding his production facilities and signed a deal to produce a billion doses of whatever the Oxford University-AstraZeneca researchers came up with.

He struck gold. By the time the AstraZeneca vaccine was approved in January he had increased his annual production capacity from 1.5 to 2.5 billion doses at a cost of $800 million, and stockpiled 50 million doses of Covishield. He began exporting to 68 developing countries — and Britain — because India itself appeared to have defeated the pandemic.

“India has saved humanity from a big disaster by containing [Covid-19] effectively,” Narendra Modi, its prime minister, boasted to January’s online World Economic Forum in Davos.

“I thought, ‘We’ve done our bit,’ ” Poonawalla says wryly. “We’d struggled through 2020 to get everything ready. I thought I could put my feet up and take a vacation, but it’s been the exact opposite. It’s been chaotic.”

Modi was guilty of hubris. Since March Covid-19 has raged across India like “a tornado”, says Poonawalla. The country’s health system has all but collapsed. Its cities are designating parks and car parks for funeral pyres, but running out of wood.

Amazingly the government has continued to permit election rallies, test matches and religious festivals like the Kumbh Mela, which attracts millions of pilgrims. The novelist Arundhati Roy has accused Modi’s administration of an “outright crime against humanity”, but Poonawalla declines an invitation to apportion blame. “If I give you the right answer, or any answer, my head would be chopped off . . . I can’t comment on the elections or Kumbh Mela. It’s too sensitive,” he says before adding: “I don’t think even God could have forecast it was going to get this bad.”




The institute is now being accused of profiteering. Hitherto it has sold all its supplies to the government at a price of 150 rupees ($2) per dose, which barely covered its costs. From next week it can sell half its production to states and private hospitals, and will charge 300 rupees ($4) a dose to the former and 600 rupees ($8) to the latter. Poonawalla calls the profiteering charge “totally incorrect”. He acknowledges the institute will make money from the higher price, but insists Covishield will still be “the most affordable vaccine on the planet”.

Poonawalla finds himself in a unique and remarkable position as mankind fights the most deadly pandemic of modern times, one that has already cost more than three million lives. “I’ve always had this sense of responsibility to India and the world because of the vaccines we were making, but never have we made a vaccine so needed in terms of saving lives,” he says.

The pressures are correspondingly enormous. He will not say if Modi calls him in person, but acknowledges regular conversations “at the highest levels” of government. He occasionally plays tennis to relax, but no longer dares to ride for fear of injuring himself. “It’s very stressful. There’s no other way to describe it. There’s no silver bullet. We just have to manage the situation and save as many lives as we can,” he says. At times “I’ve struggled, I tell you. It’s been a rollercoaster of a ride . . . I’ve lost a lot of hair, to say the least.”

Initially he felt “a proud sense and feeling that people were depending on me, and I was doing my best to save and protect the nation and the world”, but he admits feeling disheartened by what he describes as the present negativity towards the institute. Despite all the “sweat and tears”, instead of being “appreciated and supported”, he complains, “we are being vilified and blamed”.

He hopes that posterity will judge him more favourably. “That’s what calms me down,” he says. “We have done the best we can without cutting corners or doing anything wrong or profiteering. I’ll wait for history to judge.” In the meantime, he hopes other Indian vaccine manufacturers will step forward in coming months so “people will forget about me”.




https://www.thetimes.co.uk/article/adar-poonawalla-aggression-over-covid-vaccines-is-overwhelming-everyone-expects-to-get-theirs-first-bfqbgcm96

*Today's top news: 02 May*

1. *On May 1, 2021, India celebrated four hundredth Prakash Purab of Guru Tegh Bahadur.* He was the ninth Sikh Guru. He was born in Amritsar, Punjab in 1621. He was the youngest son of Guru Hargobind Sahib.
He wrote 115 hymns that were included in Guru Granth Sahib. Guru Tegh Bahadur was executed on the orders of Aurangazeb.

2. *Third phase of COVID-19 vaccination begins* : Everyone above the age of 18 years will be administered the COVID-19 vaccine in this phase. The registration process for this phase is on and over 2.66 crore people have registered on the Co-Win portal so far. The appointments for people aged 18 years and above has also opened at multiple locations.

3. *Counting of votes in Tamil Nadu - along with three other states of West Bengal, Kerala, Assam and the Union Territory of Puducherry - will start at 8 AM on 2nd May. Today*

4. Indian Railway has waived of charges for Covid testing and diet supplied during Covid related hospitalisation for non Railway patients .

5. *Ready To Lead Congress Again?" Rahul Gandhi Was Asked. His Response* . There have been demands by the ''Group of 23'' leaders for early organisational elections and a full-time Congress president.
Congress leader Rahul Gandhi on Saturday said he favours internal elections within the party and it will be the workers who will decide who should lead the party and asserted that he will do whatever the party asks him to.

6. *The National Investigation Agency has charged 34 naxalites in connection with the killing of four police personnel in Latehar district of Jharkhand.* The case pertains to the deadly attack on the police pat rolling party by the naxalites on November 22 2019 in which four police personnel were martyred.

7. *The Civil Aviation Ministry on Friday permitted the Telangana government to use drones for experimental delivery of vaccines within the visual line of sight* .

8. Senior Samajwadi leader Mohammad Azam Khan, 72-year-old Rampur MP tested positive for COVID-19 along with 13 other prisoners in Sitapur jail.

9. Delhi lockdown extended by 1 week: tweets CM Arvind Kejriwal.

10. Jailed former RJD MP Mohammad Shahabuddin died of COVID-19 at DDU Hospital on Saturday,

11. BJP MP Gautam Gambhir will now provide 200 oxygen concentrators to those having mild or moderate symptoms of the infection in the national capital.

12. *Congress leader Rahul Gandhi on Saturday launched a medical advisory helpline to help those battling Covid-19. call +919983836838 for medical advice."*

13. The Assam government on Friday extended the night curfew till May 7, following a surge in Covid-19 cases in the state. The restrictions on movement of individuals from 8 pm to 5 am were to end on Saturday

14. India Saturday received a shipment of Russias Covid-19 vaccine Sputnik V as the first batch of 1,50,000 doses landed in Hyderabad from Moscow.

15. *The Central Board of Secondary Education (CBSE) on Saturday announced a policy for tabulation of marks for class 10 board exams* which have been cancelled in view of the COVID-19 pandemic situation in the country. According to the policy, while 20 marks for each subject will be for internal assessment as every year, 80 marks will be calculated on basis of the students' performance in various tests or exams throughout the year. results to be announced by June 20.

16. Days after making an appeal to the government to make education free of cost till graduation for kids who have lost their loved ones to Covid-19, Actor Sonu Sood has yet again requested the government and concerned organisations to come together and make cremation grounds free of cost, enabling people who cannot afford the charges a chance to cremate their loved ones in a proper and respectful manner.

17. Legendary playback singer Lata Mangeshkar has contributed Rs seven lakh to Maharashtra Chief Minister's relief fund to help combat the coronavirus pandemic in the state.

18. Helping the nation in fight against COVID-19, *the Indian Air Force (IAF) carried out 23 sorties from abroad, airlifting 40 oxygen containers,* informed Union Defence Minister, Rajnath Singh.

19. *The Indian Navy has launched Operation Samudra Setu-II* to help in providing assistance in the ongoing national mission for meeting the Oxygen requirements. Under this mission, the Indian Naval warships are going to be undertaking shipment of “liquid Oxygen filled cryogenic containers.

20. *'Co-Jeet' over Covid* : *This is a war, we need to win, says Deputy Chief Integrated Defence Staff* As the younger population of the nation becomes eligible for a vaccination against coronavirus today on Saturday, the armed forces have formulated a plan to aid the inoculation drive and anti-Covid efforts across the nation by providing health requirements of various states --transporting oxygen, ensuring nursing and medical assistance.

*✈INTERNATIONAL NEWS*

1. *Airlines add flights out of ravaged India to bring citizens home*
International and domestic airlines are adding flights out of India to bring home residents and citizens as the nation’s coronavirus outbreak goes from bad to worse. Air India Ltd. plans to increase its weekly frequency of flights to the U.S. to 32 starting May 11.

2. *India extends internation flight suspension till May 31*
Amidst rising COVID-19 cases in India, the country extended the suspension on international commercial flight operations till May 31, 2021. “In partial modification of circular dated 26-06-2020, the competent authority has further extended.

3. US President Joe Biden is sending top American diplomat Daniel Smith as its interim envoy to India amidst the unfolding humanitarian crisis in the country to spearhead close cooperation with it and ensure the two nations continue to advance their shared priorities, including overcoming the Covid-19 pandemic.

4. *Need "Full And Sincere" Disengagement: India To China On Border Issues* India has asked China to ensure "full and sincere" implementation of an agreement between the two nations for complete disengagement from all friction points in eastern Ladakh.

5. *As the second Covid wave ravages the country, the soldiers are sitting tight in Ladakh while monitoring Chinese activity through physical means* besides drones and satellite imagery even as various infrastructure development activities are on to cater to enhanced troop levels and future exigencies.

6. *U.S. okays proposed sale of six P-8I patrol aircraft to India*
The U.S. State Department approved the proposed sale of six P-8I patrol aircraft and related equipment, a deal estimated to cost $2.42 billion. In November 2019, the Defence Acquisition Council, chaired by Defence Minister Rajnath Singh, approved the procurement of the long-range maritime.

7. *The Prime Minister Narendra Modi and the Russian President Vladimir Putin recently agreed to establish “2+2 Ministerial Dialogue* ”. The “2+2 Ministerial” dialogue is held between the defence ministers and foreign ministers.

8. *The countries had earlier set a trade target of reaching 30 billion USD of trade by 2025.* The dialogue will help them achieve the target. Previously, the countries agreed to establish the International North-South Transport Corridor, cooperation at the Eurasian Economic Union and Chennai-Vladivostok Maritime Corridor. The Astronauts shortlisted for the Human Space Flight Programme of India were trained by Russia. The Nuclear Power Plant that is being built in Kudankulam in Tamil Nadu is built with Russian Cooperation. India recently approved Russia’s Sputnik V. It is the third vaccine to be approved in the country after COVAXIN and COVISHIELD.

9. India holds similar dialogues with US, Australia and Japan.
Russia is the first non-QUAD member with which India is to hold the dialogue. In 2021, President Vladimir Putin is to visit India to hold the India-Russia bilateral summit. The summit is alternatively held in India and Russia.

10. Israelis will not be allowed to travel to Ukraine, Brazil, Ethiopia, South Africa, India, Mexico and Turkey.

11. *Colonel Inderjit Singh has been promoted to a Brigadier General, making him the senior most ranking serving Sikh in the Malaysian armed forces.* On 16 April, he took over as the commandant of the Army Senior Officers Institute based in Port Dickson, Negeri Sembilan. The one-star general is the only serving Sikh general in the Malaysian armed forces at this juncture. He is also the fifth Sikh to make it as general in the history of the Malaysian Armed Forces.

*🌎WORLD NEWS🌍*

1. *The final phase of ending America’s “forever war” in Afghanistan after 20 years formally began Saturday,* with the withdrawal of the last US and NATO troops by the end of summer.

2. *International community raises concern over China's coast guard law,* calling it verbal threat
International public opinion has raised concern over the oppressive Coast Guard Law of China, saying that Beijing uses the law to legalise its coast guard force's use of violence to serve the country's unilateral sovereignty claim in the East Sea (also known as the South China Sea).

3. *United States top diplomat Antony Blinken to visit Ukraine next week* .

4. *Myanmar & China’s non-war military activities* : Since February 1, the attention of the world is drawn particularly to two countries, firstly to Myanmar due to the coup d’état and then to its ally China because of its close involvement in that nation through non-war military activities for a long period of time.

5. *Joe Biden’s 100 Days: Key Foreign Policy* Challenges and Initiatives
Considerable significance is attached to the anniversary marking the first hundred days of any US administration. At this juncture, the Biden administration has undertaken a host of initiatives in the domain of US foreign policy despite facing numerous challenges on the domestic front exacerbated by the COVID pandemic.

6. *The United Kingdom is to cut its fund to the United Nations Global Family Planning Programme.* According to the UN Population Fund, the UK had pledged 154 million Euros. However, now UK is to provide only 23 million Euros.

7. *Russia recently produced the first batch of COVID-19 vaccines for animals. The name of the vaccine is Carnivac-Cov.*

8. *The Government of Germany recently announced that it is to return the artefacts called the “Benin Bronzes” to Nigeria* . The “Benin Bronzes” are currently held in the museum of Germany. They are a group of thousand metal sculptures. These sculptures once decorated the royal palace of Kingdom of Benin, the current Nigeria. Some of these sculptures were looted by the British during the Benin Expedition of 1897

*🚣🚴🏇🏁🏊Sports:*

1. *IPL Match 27* Saturday, 1st May 2021
MUMBAI INDIANS 219/6
Vs
CHENNAI SUPER KINGS 218/4
*Mumbai Indians won by 4 wickets*
Arun Jaitley Stadium, Delhi

2. *IPL : Match 28*
Sunday, 2nd May 2021

RAJASTHAN ROYALS
VS
SUNRISERS HYDERABAD

15:30 IST (10:00 GMT)
Arun Jaitley Stadium, Delhi

3. *Match 29*
PUNJAB KINGS
Vs
DELHI CAPITALS

19:30 IST (14:00 GMT)
Narendra Modi Stadium, Ahmedabad

*USD 74.69 💷GBP 102.37*
_In Kolkata (WB)_
*🥇Gold ₹48,150@10 gm 24 (Krt)*
🥈 *Silver ₹67,580@ Kg*
⛽ *Petrol ₹ 90.62*
⛽ *Diesel ₹ 83.61*

*LPG : ₹ 835.50 /14.2 Kg*

*BSE Sensex* 48,782.36
*NIFTY* 14, 631.10

*🇮🇳Facts about India🇮🇳*

Seven Sister States of India
Arunachal Pradesh.
Assam.
Manipur.
Meghalaya.
Mizoram.
Nagaland.
Tripura.

*😀Thought of the day*

B4 u speak listen,
B4 u write think,
B4 u spend earn,
B4 u criticise wait,
B4 u pray forgive,
B4 u quit try,

*Joke of the day*

Today, u know what happened in our colony!😄

My friend got too bored by sitting at home...😰

So, he went out n told the outside vegetable cart puller...