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S&P Index Removes Adani Ports Due To Links With Myanmar Military

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Adani, India’s largest private multi-port operator, is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation (MEC).

According to the report by Reuters, S&P Dow Jones Indices has said that it has removed India’s Adani Ports and Special Economic Zone Ltd from its sustainability index due to the firm’s business ties with Myanmar’s military which is accused of human rights abuses after a coup this year.

Adani, India’s largest private multi-port operator, is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation (MEC).

In a statement on Tuesday, S&P Dow Jones Indices said that Adani Ports and Special Economic Zone Ltd will be removed from the index prior to the open on Thursday, April 15.

As per various media reports, over 700 people have been killed since a Feb.1 military coup that ousted an elected government led by Aung San Suu Kyi.

The port developer did not immediately respond to a Reuters emailed request for comment outside of regular business hours.

On March 31, the Adani Group had said that it would consult authorities and stakeholders on its port project in Myanmar, after human rights groups reported its subsidiary had agreed to pay millions of dollars in rent to the military-controlled firm.

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102 Test Positive For Covid-19 At Kumbh Mela, Police Say Not “Super Spreader” Event

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In videos doing rounds on social media on Monday, thousands of devotees were seen taking a dip in the holy river of Ganges, flouting the Covid-19 guidelines.

As per The Indian Express’ report on Tuesday, at least 102 devotees have tested positive for the coronavirus at the Kumbh Mela in Haridwar. In videos doing rounds on social media on Monday, thousands of devotees were seen taking a dip in the holy river of Ganges, flouting the Covid-19 guidelines. Reportedly, several lakhs of devotees are visiting the Kumbh Mela each day but only a few are being tested and other basic Covid-19 related protocols such as wearing masks, thermal screening, and checking negative test reports have been ignored.

Over 28 lakh devotees turned up to take a dip in the Ganges, according to reports. However, only 18,169 of the pilgrims were tested between 11.30 pm on Sunday and 5 pm on Monday.

The Kumbh Mela, being held from April 1 to April 30, is expected to be visited by 10 lakh pilgrims each day. The number of devotees visiting the Mela is likely to multiply drastically on three days of “shahi snaan” or royal bath – Monday, Wednesday, and April 27.

 

However, Uttarakhand Director General of Police Ashok Kumar, while speaking to India Today on Monday, asserted that the Kumbh Mela was not a “super spreader event”. The authorities had tested 53,000 persons visiting the Mela, of which the positivity rate came at 1.5%, he stressed in order to back his claim. The top cop also claimed “90% of the crowd” that came to the event would not stay at Haridwar and so, they will not spread the virus.

Meanwhile, Mr Kumar did not elaborate on the possibility of those going back transmitting the virus at their respective locations. The senior police officer also admitted that it was not possible to follow Covid-19 related protocols completely at an event like the Kumbh Mela.

 

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