Newsletter

Will the restrictions come back? ‘Omichron’ threatens market

Mumbai, First Published Nov 27, 2021, 6:18 PM IST

New Delhi: The global economy is worried about a new variant of Kovid. Stock markets around the world fell yesterday on speculation that a re-imposition of deregulation in more countries could hurt the economy. All the countries of the world, including India, are taking drastic measures.

The new variant, the omega, is threatening again as the economy slowly recovers from the end of lockdowns. If travel restrictions and closures continue, there will be a major financial crisis in various countries. All regions including Kerala are concerned about this. The big concern now is how it will cope with another lockdown.

The economy is in a state of panic amid fears that the new Kovid variant is the deadliest ever to spread and that its spread could cause major setbacks around the world. The World Health Organization (WHO) describes omega-3s as the most worrying variant because of their rapid transformation and ability to spread rapidly.

Omicron, which has undergone significant changes from the original corona virus, is more likely to be transmitted to infected people. The presence of omega-3s was confirmed yesterday in Europe, followed by African countries and Hong Kong. The first case in Europe was reported in Belgium. The infection was confirmed in a passenger from Egypt. Subsequently, the United States, the United Kingdom, Japan, Singapore, the UAE and Brazil announced restrictions on travel to seven African countries.

The Prime Minister of India Narendra Modi has directed all departments to address the challenge posed by Omicon. The Prime Minister called for a tightening of awareness at a review meeting convened following the discovery of the Omicron variant in various parts of the world. Delhi Chief Minister Arvind Kejriwal has also demanded the suspension of flights from countries reported by Omicron.

Yesterday there were only speculations about the striking power of Omicron. However, the stock market fell sharply. Now that it is clear that the impact of omechron will be huge, the market needs to know how it will react on Monday. Investors in India lost Rs 6.5 lakh crore when the stock market plunged yesterday. Fear has shaken international markets as well. In the US, the Dow Jones industrial average fell by 900 points. Crude oil prices fell sharply to $ 72 a barrel. Gold prices soared as large investors bought gold as a safe haven in times of crisis.

Vigilance in Kerala too

Following the discovery of a new variant of the Kovid (coronavirus variant ” omicron ‘(B.1.1.529) (omicron) abroad, the state health department issued a warning. Health Minister Veena George said the state has taken steps as per the Centre’s guidelines. Surveillance will be strengthened at all airports. According to the central guidelines, all passengers coming to India must undergo an RTPCR inspection within 72 hours and upload it on the Air Port Facility.

The state health department has decided to closely monitor those coming from foreign countries as per the central guidelines. Those coming from these countries have to come to the state and undergo RTPCR check at the airports again. Further check-in facilities are being set up at all airports. They must be strictly quarantined for 7 days. After that the RTPCR test should be performed. The minister also said that samples of suspected people from these countries would be sent for testing for the genetically modified virus.

Last Updated Nov 27, 2021, 6:18 PM IST

.

Trending