News Wrap Jan 5: ‘Omicron not mild for those at high risk’; Cairn withdraws lawsuits against India; BPCL divestment delayed and more

While several experts have said the Omicron variant of COVID-19 is mild when compared to the Delta strain, top virologist Dr SK Sarin on Wednesday said such may not be the case for those at high health risks.

The Maharashtra government has, however, ruled out the possibility of a lockdown now and other states have imposed a slew of restrictions to curb the spread of coronavirus. In the stock market, the shares of IT companies witnessed a slump in an otherwise positive trading session.

Cairn Energy has withdrawn all lawsuits against India to get a tax refund of Rs 7,900 crore. Here are some more top news of the day

Privatisation of Bharat Petroleum Corporation Limited (BPCL) is a huge part of the Centre’s disinvestment plan. However, with just three months left in the current fiscal, it is unlikely it would be able to wrap up the privatisation in time

According to the assessment of the pandemic situation by Dr SK Sarin, Vice Chancellor at the Institute of Liver and Biliary Sciences, the number of cases are likely to double up, maybe every two to three days and the reasons are two-fold

Britain’s Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled to about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand.

Maharashtra Health Minister Rajesh Tope has said there will be restrictions to curb the spread of coronavirus but a lockdown is not needed as of now. The home quarantine has been reduced to seven days from 10 days earlier

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