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Arjun Rampal on being stuck in Karjat with family: Secure as no cases here

Not many can convert life's lemons to lemonades as seamlessly as Arjun Rampal can. Caught in Karjat where he was shooting when the lockdown was announced last month, the actor decided to extend his stay at his lavish home, instead of scurry back to Mumbai.

"I thought it would be better to operate from here instead of travel at this point. I have a house here, so it worked out well," says Rampal, who is accompanied by partner Gabriella Demetriades and their son, Arik.

That Karjat has, so far, remained largely unscathed by COVID-19 was another bonus. "We decided to stay back for my son's safety. While he is too young now, this will be a story to tell him when he grows older. Besides, Mumbai is just a few hours away, and hence, easily accessible in case of an emergency."

Spending two months in the lap of nature has converted him into "a farmer", of sorts, he jokes, adding that his family is making the most of the hiatus. "Since there are no cases here, we are secure. We have an open space and [are enjoying] being amid nature instead of confined to an apartment," says the actor, adding that he is also keeping tabs on his daughters Mahikaa and Myra, who are with ex-wife Mehr in Mumbai. "They are doing their work online, and I am constantly chatting with them."

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Arjun Rampal extends helping hand to provide PPE kits to BMC healthcare workers

Actor Arjun Rampal along with his family have extended a helping hand in providing PPE kits to the hospitals, doctors and nurses to help them in the fight against coronavirus. He also urged people to donate 1 uniform for these corona warriors to keep them safe and healthy.

The 47-year-old actor took to Instagram and shared a post in which he announced that the Rampal family has extended their support to MEDIQ LIFESCIENCES for providing PPE kits (made in India) in collaboration with Dr Oarsman Doshi to the BMC (Brihanmumbai Municipal Corporation) hospital doctors and nurses.

The 'Aankhein' actor also urged others to contribute towards helping the frontline warriors. He captioned the post as, "I request all of you to help here. The real hero's out there, (the doctors and nurses), the PPE. their health is in jeopardy daily, looking after ours, As unfortunately they are not equipped with the armour they need, making them sick by the coronavirus. If each one of you can donate just 1 uniform for these brave hearts, it will keep your soldiers safe and healthy. Please please be generous, they need this and we will get it to them. It's Rs 1200 for the best suits for them."

India's count of positive coronavirus cases reached 18,985 after 1,329 new cases were reported in the last 24 hours, the Ministry of Health and Family Welfare said on Tuesday. Out of the total cases, 15,122 are active cases, 3,259 have been cured and discharged and one has migrated. With 44 new deaths reported in the last 24 hours, the toll stands at 603.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Watch Video: Karan Johar cries after his kids Yash and Roohi compares him to an 'elephant'

If you find yourself feeling bored and at a loss for what to do next while you're quarantined at home, you only have to head on to Karan Johar's Instagram page and check out videos of his twin babies. His kids, Roohi and Yash Johar are super adorable, and they keep entertaining themselves and everyone else with their shenanigans. From calling papa KJo's clothes 'girl clothes' to annoying mama Hiroo Johar, Yash and Roohi will surely bring a smile to your face.

Recently, Karan Johar shared another sweet video of his babies trying to play a game and it ended up on a hilarious note. In the video, he is seen asking his daughter, "Roohi, if you were an animal, what would you be?" "Peppa Pig," answers Roohi. When he asked the same question to Yash, he said, "Peppa Pa". When he came back to Roohi and asked which animal would he be? she answered "Elephant", with a broad smile.

Sharing the video, the director-producer wrote, "Well guess which animal I remind them of #lockdownwiththejohars #toodles #season 2 @officialpeppa (sic)". Watch the playful banter of Karan Johar and his kids Yash and Roohi:

 
 
 
View this post on Instagram

A post shared by Karan Johar (@karanjohar) onApr 24, 2020 at 5:53am PDT

Earlier the filmmaker had shared a video in which his kids were seen sitting on a sofa with a guitar in their hand and trying really hard to sing in their adorable voices.

 
 
 
View this post on Instagram

Clearly singing is not in our genes! Apologies in advance ! #lockdownwiththejohars #toodles

A post shared by Karan Johar (@karanjohar) onApr 22, 2020 at 12:19am PDT

Before this, Yash and Roohi had hilariously mocked their filmmaker dad's designer kurta in a video shot in KJO's walk-in closet.

 
 
 
View this post on Instagram

Now they think I am wearing my mothers clothes!!!! #lockdownwiththejohars #season2 #toodles #weareback

A post shared by Karan Johar (@karanjohar) onApr 20, 2020 at 3:57am PDT

If this video doesn't pull at your heartstrings, we don't know what will! Several of Karan Johar's fraternity friends and social media followers couldn't help but laugh out loud at his predicament.

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Raveena Tandon starts a campaign to stop attacks on the medical fraternity

Actress Raveena Tandon has come up with a social media campaign #JeetegaIndiaJeetengeHum to stop the spread of rumours amid the COVID-19 crisis, and also urge people not to attack the frontline workers.

Several healthcare workers in India have been attacked as they battle to stop the spread of the novel coronavirus. So, Raveena has made a special video in which she is seen appealing people to understand the severe health crisis and also appreciate the crucial role of doctors amid the COVID-19 outbreak.

"I feel it's extremely important for all of us to do our bit by encouraging the real heroes, our doctors and nurses who are stepping out everyday and fighting this deadly coronavirus. They haven't met their families to keep us and our families safe and that's why through my campaign -- #JeetegaIndiaJeetengeHum -- I request everyone to give these medical forces their due respect and at the same time not spread false rumours. I'm hopeful we will all see the light sooner together," she said.

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Amitabh Bachchan urges people to stay compassionate during testing times

Sharing a video which he termed as 'a small step towards humanity', megastar Amitabh Bachchan on Sunday urged people to stay compassionate and inclusive in the testing times of coronavirus crisis.

Bachchan took to Twitter to share the initiative of spreading love and compassion across the country.

The video message for which Bachchan has given his voice talks about different times when humans need a helping hand from several professionals and how during times of crisis people should not forget that humans are interdependent on each other. "A doctor held me in his arms when I came out of my mother's womb. A nurse bathed me with her gentle hands when I was a little baby. My teacher held my finger with her fingers when she taught me to write the first alphabet 'A.' My safety was in the hands of our driver when I went to school," Bachchan is heard saying in the video.

"When I ate, I always knew that it was prepared by the loving hands of our cook. We always needed those hands, we still need them, those safe hands, those protective arms, those guiding fingers," he further said.

He then correlated the message to the current scenario of the coronavirus crisis and said that social distancing should not distance people from humanity.

"Today, handwashing and social distancing have become paramount for our safety. So, hands folded I implore you, let us not wash our hands of humanity," the 'Sholay' actor said.

"Let us not suspicious of people around us, let us not shun people around us, let us not shame people around us. Let us be aware, let us be compassionate, let us be benevolent, let us be inclusive, let us be human," he added.

The 77-year-old actor has been associated with different campaigns and has also been raising awareness about coronavirus for a long time.

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War against drug addicts! Naigaon Kolis start campaign to uproot menace

Members of koli society in Naigaon are fed up with the influx of drug addicts in their area. Triggered after the alleged suicide of a young junkie from their society a few days ago, they have decided to catch the menace in their nets, so to speak.

They have started rounding up druggies in the area and, one by one, taking them to be admonished in front of their parents, in a bid to make the elders aware what their kids are up to and work towards putting a stop to it.

Around 400 men and women from Amol Nagar, Parera Nagar, Vijaya Park, Mariyam Nagar, Koliwada and Kuchuda have started patrolling the area at night and have, so far, caught 15-odd drug addicts red-handed. The youths, after being taken to their families, were warned that they would be taken to the police if they were caught again.

Fighting the good fight
A social worker from the area, Ashish Vertak, said, "The population of Naigaon has increased in the past few years and is set to rise further with hundreds of complexes and colonies under construction. While this has brought a lot of people from other parts of the city to stay here, their bad habits have followed too.

"We have seen people sitting by the seashore drinking and getting high at night; many of them are youths from our society. We are simple fisherfolk and don't want such nuisance in our area. Hence, we decided to fight the root of the disease and started communicating with others from the society."


Hundreds of residents have started patrolling the area at night. Pics/Hanif Patel

The residents have created a WhatsApp group and also formed a sangathan, named Naigaon Koli Vyasanmukti Thalaval. The latter's founder members are Yogesh Bhayandarkar, Mahindra Bhayandarkar, Nivrutti Ghusekar, Satish Koli, Pravin Vartak, Sai Bokale, Nandakumar Vaity, Hemant Holekar, Hemant Masnekar, Sada Godavarikar, and Vijay Vaity.

Saving the children
Mayur Bhayandarkar,
sangathan member
'Over the past several years, we have seen more and more youths getting addicted to drugs. Through this campaign, we are trying to save our children and make
them aware how narcotics will destroy their lives. If we don't do this, who will? All we want is for them to come out of this rut'

Satish Koli,
founder member of sangathan
'After seeing teenagers fall prey to the habit, we decided to fight to remove this disease from the root. We held discussions with other locals and started this campaign. We are now planning to meet police officers and request them to take strict action against those involved in selling drugs and destroying the future of our children'

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Mumbai: UN Women India launches video campaign 'Mujhe Haq Hai'

UN Women India launched a video campaign called #MujheHaqHai on Wednesday which emphasises the power and potential of women in today's world.

The video features a host of independent and courageous women, who have excelled in their respective spheres and mapped India globally. The video sends out a strong message for female empowerment to women all over India with the belief that they have an equal participation in all walks of life.

Apurva Purohit, the President of Jagran Group, is one of the prominent personalities featured in the video alongside the likes of Aishwarya Rai Bachchan, Mithali Raj and Sania Mirza, to name a few.


Apurva Purohit, President, Jagran Group

Apurva Purohit said, "It’s an absolute honour to be a part of this initiative by UN Women India. Any and every small step towards the empowerment of women and giving them their rightful place under the sun is the need of the hour today. We need more examples of women who are breaking barriers every day so that the girls tomorrow can rise and shine. While there is enough discourse on everything that is not right, this initiative is a beacon of hope, one that celebrates the struggles, dreams and aspirations of women who have emerged as winners. #MujheHaqHai is an ode to the undying spirit and grit of the woman of today."

At the launch event, mid-day online caught up with Nishtha Satyam (Deputy Representative UN Women India MCO), who stated that, "Through this event, we are trying to create a movement that is based on Human Rights, a movement that recognises women rights as Human Rights, where women exercise their voice and make choices without any fear or judgement, and shape their careers and lives. We are trying to create a movement based on women understanding their own rights as individuals."

Talking about the outcome, she added, "Women should realise their own potential and rights and be able to pursue their dreams without any inhibitions or fear of repercussions. That would be the grandest outcome from a movement like this."





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Elections 2019: Dog, best companion-turned into-campaigner in Mumbai

A dog with pro-BJP stickers on its body was detained along with his master in north Maharashtra's Nandurbar town where polling for the Lok Sabha elections took place Monday.

Eknath Motiram Chaudhary (65), a resident of Navnathnagar area, was spotted with his dog near Andhare hospital Monday afternoon. The dog's body was found covered with stickers bearing the BJP's symbol and the message "Modi Lao, Desh Bachao" (Vote for Modi and save the country), a local police official said.

As the polling was underway, police had received a complaint about the dog and his master who were roaming around the town, he said.

A case was registered against Choudhary under section 171 (A) of the IPC for violation of election rules which prohibit campaigning on polling day. The police have asked the municipal corporation to take custody of the dog, the official added.

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Captain Marvel Movie Review - Compact but a rather clumsy effort

Captain Marvel
U/A: Action, Adventure, Sci-Fi
Director: Anna Boden, Ryan Fleck
Cast: Brie Larson, Samuel Jackson, Ben Mendelsohn, DeWanda Wise, Samuel L. Jackson
Rating: 

Brie Larson's entry into the Marvel superhero fold as the titular hero in Captain Marvel is not the 'Wonder' we expected. Though Captain Marvel is the first Marvel Studios film to be built around a female superhero, it comes minus the savoir-faire that gave Marvel productions its high brand value over the years. There are two directors, Anna Boden and Ryan Fleck at work here, alongside several writers including Nicole Perlman, Anna Boden, Geneva Robertson-dworet, Meg LeFauve, Ryan Fleck, Jac Schaeffer, Liz Flahive and Carly Mensch. And it does feel like too many cooks have literally subdued the vivacity and nihilistic exuberance unique to the comic book cinema superhero universe.

The Captain Marvel female counterpart first appeared in comic books in 1977 but the real inspiration for this film comes from Kelly Sue DeConnick's series, beginning in 2012, that featured the alter ego of Carol Danvers.

Check out Captain Marvel trailer here:

While the experience of this film is not exactly unfavourable, the narrative never really takes off into the stratosphere even though it has a storyline that has Carol Danvers (Brie Larson) straddle a galactic war between two alien races. The narrative is a little jumbled up and the eventual aim to launch her into the Avengers team becomes a little too obvious even as the non-linear plotting is laid out with convoluted reasoning. Danvers' is with the Air Force, but she is also the eponymous warrior on behalf of Starforce, an intergalactic fighting squad committed to battling the fiendish, shape-shifting Skrulls. As the film opens we see her being tutored by her mentor, Yon-Rogg (Jude Law), leader of the intergalactic military force of the Kree. Danvers is shown as uncertain about her past and as the narrative trudges along things get a little too murky and distorted for comfort. Danvers may go from cosmic to earthbound (C-53) in the fraction of a second and then back up into the skies again but for the viewer, this is not much of a roller-coaster thrill ride. The action is set in the '90's, the storytelling is obligatory at best, none of the characters stay on in your mind after the movie is done and the writing and direction lacks definition and seems a little too obviously patched-up towards a grander purpose.

Brie Larson tries hard to instil humour into the role but there's only so much she can achieve in a jumbled-up universe. She is solid if not exciting and that's the mainstay of this film – if at all it can be considered to have one!

Also Read: Captain Marvel reviews: Here's what the critics are saying

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Coronavirus impact: Maharashtra crosses the 10,000 COVID-19 cases mark

A total of 583 new COVID-19 cases recorded across the state on Thursday, has taken Maharashtra's total count to 10,498. Meanwhile, the first patient who underwent plasma therapy in the city couldn't beat the infection and passed away late on Wednesday night.

A 53-year-old man, who was admitted to Lilavati Hospital after testing positive on April 20, was the first patient to receive the therapy. Hospital sources said that he was in a critical condition and had been kept on ventilator. The civic body had arranged for plasma therapy, which was given to the patient a couple of days ago, which unfortunately didn't help him in the fight against the infection.

Meanwhile, 26 staff members of Nanavati Hospital have tested positive so far. BJP leader Kirit Somaiya raised an objection and claimed that the hospital administration was being negligent. "I was informed that the hospital is not taking all precautions to ensure that the infection doesn't spread. I have written to the municipal commissioner and I have been told that an inspection will be conducted," said Somaiya.

A civic official from K West ward said that the BMC had visited the hospital earlier and would visit again on Friday. "We carry out inspections every time there is a positive case. Due to the high volume of patients, we cannot close the hospital and management has been asked to sanitise the premises thoroughly. We will inspect the hospital again to check if all the precautions are being followed," said Vishwas Mote, assistant municipal commissioner of K West ward. Hospital authorities, however, refuted the allegations of being negligent. A source from the hospital confirmed that while 26 staff members have tested positive, only four of them were working in the COVID isolation ward. "During contact-tracing, it was revealed that the remaining staff members live in red zones and had contracted the infection from their respective residential areas. They have been kept at the hospital itself and they are being treated free of cost. Most of them are class 3 or class 4 employees and no management employee, including doctors working in COVID wards, have contracted the infection," said an official from the hospital.

However, the cases in Dharavi continued to increase, and on Thursday, 25 new cases were reported. Two positive cases were reported from Mahim. Civic officials said 20 deaths in the city were confirmed on Thursday, of which 16 patients were suffering from other ailments. State health department officials said 180 COVID-19 patients were discharged on Thursday after full recovery. Apart from the 20 deaths in Mumbai, three deaths were reported in Pune, two in Thane and one each in Nagpur and Raigad. Mumbai currently has over 7,000 cases.

10,498
Active coronavirus cases in Maha as of today

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COVID-19 impact: Water supply to Dadar-Mahim areas disrupted after engineer tests positive

After an engineer in the G north ward tested positive for COVID-19, water supply to residents of Dadar-Mahim is likely to be disrupted for a while. The entire team in charge of repairing the water pipeline has been quarantined.

The engineers and workers of G north ward offices were on essential duty of ensuring water supply, but one of them tested positive for COVID-19 late Tuesday night.

"He was on duty of repairing the water pipeline in Dharavi. In all likelihood, that is how he contracted the virus," one of the employees said.

Soon after the engineer tested positive, the BMC health department quarantined the entire team on April 29, Wednesday, to avoid further transmission. The repair work will restart only after the team gets the all-clear, which will take a while.

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COVID-19 impact: Uncertainty looms over APMC market operations

Four more cases of Coronavirus were reported from the APMC market — three in the vegetable and one in the grain market — on Thursday, increasing the uncertainty about the operation of the wholesale grain and vegetable market.

The infected include three traders and one purchaser. APMC already has 24 traders and 16 staff, including security guards, NMMC doctors and a pharmacist, in home-quarantine after they came in contact with an infected person. Besides, 14 others from the market are infected. The spike also raises concerns about the steps taken by the APMC committee to combat the spread of the virus at the cost of nearly a crore.

Shivaji Daund, commissioner of the Konkan division, said, "We are awaiting the Navi Mumbai Municipal Corporation's (NMMC) report on the latest positive cases. Accordingly, we will decide on whether to continue the operations."

A crore spent on precautions

Shashikant Shinde, APMC elected committee member and Mathadi workers union leader said, "Last week, six positive cases were reported at a hotel within APMC premises. It was decided that the market would shut down but due to government pressure, the decision was changed and only the hotel was sealed. Vegetable trucks are directly entering Mumbai. Very few trucks with vegetables, grains, fruits, spices, visit APMC."

Shinde added that according to the government APMC is an essential service and hence cannot be shut down. "I had recently suggested that we keep the market open for just three days of the week. The suggestion was turned down."

Highly placed APMC officials said the committee has spent nearly R1 crore to set up disinfectant spraying machines, a war room, and to get the market cleaned twice a week. Another nearly R50 lakh was spent to make alternative arrangements for 402 stalls for vegetable and fruit vendors in Kharghar, but that won't be utilised as traders feel the market in Vashi is already set.

Market insiders said, "We are using disinfectants and have thermal scanners at the main entrance but nothing can detect asymptomatic false-positive carriers of COVID-19. People coming in contact with such carriers are testing positive. The number will only increase in the coming days."

Another elected member of the APMC committee said, "Another problem is traders placing orders for multiple trucks full of produce.

"We allow only three hundred trucks to enter APMC per day and 300 are parked at the terminal waiting for entry. This shows that some traders are keen on making money during a pandemic."

Security officer infected

Last week, a 50-year-old security officer attached to the Maharashtra Security Board and deployed at APMC, tested positive. Five security guards, three officers, and two clerks attached to the fruit market had come in contact with him and were sent to home-quarantine.

"We were tested two days ago. The report will come in another two days. We are asymptomatic and are in home quarantine. The security officer used to attend meetings and take rounds of the fruit market," said Ishwar Masram, deputy secretary of the fruit market, who is also in home quarantine.

Sources within the market said, "Though it is not clear how the security officer got infected, the buzz in the market is that he attended a meeting organised by a state minister who is recuperating after getting infected. Our concern is that it is practically difficult to trace whom the concerned person came in contact with unless the person has downloaded the government's Ayush application that maps positive patients and their contacts."

"APMC has a staff of 550 people. The concern is that if one tests positive, 10 to 15 people contacts will have to be traced and tested. This means the number of working men will reduce as everyone will have to be quarantined," said Shirish Badgujar, assistant secretary APMC.

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COVID-19 impact: Navi Mumbai cops have a hard time as curfew fake news goes viral

While the COVID-19 cases continue to rise in Navi Mumbai Municipal Corporation (NMMC), the Navi Mumbai police department is having a tough time dealing with rumours. In last four days, rumours claiming Janta Curfew or a complete lockdown resulted in a panic-like situation in various parts of Navi Mumbai. However, alert cops managed to tackle the misinformation by alerting the citizens and booked two people.

Despite the systematic management and strategy, COVID-19 cases in NMMC and Panvel Municipal Corporation area are on the rise with more than 250 cases in Navi Mumbai Police Commissionerate area.

"On the night of April 27, a message was posted on a WhatsApp group that, as cases of Coronavirus had increased in Kamothe, to break the chain, a complete lockdown or Janta Curfew was announced from April 30 to May 3. The message further said that only medical shops and hospitals would function," an officer from Kamothe police station said.

"A police officer was part of the group who alerted us and we immediately started verifying the message which was fake. So we summoned the group admins Amol Shitole and Ganesh Shinde, who were questioned and booked," added the officer.

But as a result of the message, on April 28, several residents came out to buy groceries and other household items. To contain the situation, cops went to every shop and stores to assure people.

The same panic-like situation was observed at Kopar Khairane and Juinagar on Wednesday, after the same message with the name of 'Corona Nirmulan Samiti' went viral – with the only difference being the location. As soon as the message went viral, grocery stores ran dry within a few hours. "We don't know the origin of these messages. But some people deliberately spread such messages, which not only spreads panic but also hampers our tireless work of almost a month" a senior police officer said.

Speaking with mid-day, Sanjay Kumar, Navi Mumbai Police Commissioner said, "We have noticed the spread of messages in the social media groups of non-existent curfew and are dealing strongly with such rumour mongers. People should keep track of official accounts and words about such important decisions."

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COVID-19 impact: No Plan B for another Olympic postponement

Tokyo organizers said Tuesday they have no "B Plan" in the event the Olympics need to be postponed again because of the coronavirus pandemic. Masa Takaya, the spokesman for the Tokyo Olympics, said organizers are proceeding under the assumption the Olympics will open on July 23, 2021. The Paralympics follow on Aug. 24. Those dates were set last month by the International Olympic Committee and Japanese officials after the coronavirus pandemic made it clear the Olympics could not be held as scheduled this summer.

"We are working toward the new goal," Takaya said, speaking in English on a teleconference call with journalists. "We don't have a B Plan." The severity of the pandemic and the death toll has raised questions if it will even be feasible to hold the Olympics in just over 15 months. Several Japanese journalists raised the question on the call.

"All I can tell you today is that the new games' dates for both the Olympic and Paralympic Games have been just set up," Takaya said. "In that respect, Tokyo 2020 and all concerned parties now are doing their very best effort to deliver the games next year." IOC President Thomas Bach was asked about the possibility of a postponement in an interview published in the German newspaper Die Welt on Sunday.

He did not answer the question directly, but said later that Japanese organizers and Prime Minister Shinzo Abe indicated they "could not manage a postponement beyond next summer at the lastest." The Olympics draw 11,000 athletes and 4,400 Paralympic athletes and large support staffs from 206 national Olympic committees. There are also questions about frozen travel, rebooking hotels, cramming fans into stadiums and arenas, securing venues, and the massive costs of rescheduling, which is estimated in Japan at $2 billion-$6 billion.

Tokyo 2020 CEO Toshiro Muto addressed the issue in a news conference on Friday. He is likely to be asked about it again on Thursday when local organizers and the IOC hold a teleconferene with media in Japan. The other major question is the cost of the delay; how much will it be, and who pays? Bach said in the Sunday interview that the IOC would incur "several hundred million dollars" in added costs. Under the so-called Host City Agreement, Japan is liable for the vast majority of the expenses.
"This is impossible to say for now," Takaya, the spokesman said.

"It is not very easy to estimate the exact amount of the games' additional costs, which have been impacted by the postponement." Tokyo says it's spending $12.6 billion to organize the Olympics. But a Japanese government audit published last year says the costs are twice that much. Of the total spending, $5.6 billion in private money. The rest is from Japanese governments.

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COVID-19 impact: F1's French Grand Prix decision expected in few days

A decision on whether to go ahead with June's French Formula One Grand Prix behind closed doors or to postpone or scrap the event will be made in the coming days, organisers said Tuesday. The grand prix scheduled for June 28 is the first race on the revised Formula One world championship calendar with nine races already scrapped or suspended as a result of the coronavirus pandemic.

Following French President Emmanuel Macron's announcement Monday that the lockdown in France will be extended until May 11 and public gatherings banned until mid-July, a spokesman for the race organisers told AFP that they "have been studying all scenarios" including postponement or staging the event behind closed doors.

F1 sports director Ross Brawn said last week he could envisage the start of the F1 season in Europe in July with a race excluding the public.

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COVID-19 Impact: Tour de France organisers working on new start date

Tour de France organisers are working to find a new start date for cycling's biggest race after large public gatherings were banned until mid-July in the latest extension of the French coronavirus lockdown. Originally slated to start from Nice on June 27 and finish in Paris on July 19, there is no chance the event can go ahead as planned and organisers face a mammoth logistical task of rescheduling. So far, organisers ASO have remained silent, but several mayors of the French towns along the planned route say they have been consulted regarding the new dates.

French President Emmanuel Macron said in a televised address Monday that a strict lockdown in France would continue until at least May 11, as public gatherings were banned until mid-July. Tour general director Christian Prudhomme has said riders will need two months after the lockdown ends to prepare for the race. France's Minister of the Interior Christophe Castaner said on Tuesday that ASO had to reschedule or cancel the Tour. "It is up to the organiser to analyse their ability to organise it and reschedule it," Castaner told French radio.

A start in late July or mid-August has been mooted, with some reports suggesting the race could even be delayed until September. The race's route is over 3,000km long, with roughly 500,000 fans lining the roads each day. "Social distancing on the roadside wouldn't be a problem, but in the start towns, at the finish line and in the VIP tents it certainly would," Belgian virologist Marc Van Ranst told Flemish TV channel Sporza on Saturday. Suggestions the Tour could be held without supporters have been ruled out. "The Tour de France is 3000km of smiles," Prudhomme said regarding roadside gatherings.

"We won't run a Tour de France without the fans."

Between a rock and a hard place

Macron's announcement may have caught the organisers short. A late July start for the Tour could be considered too close to the ban on large public gatherings, while the riders would also need to be in peak condition. ASO also organises the Criterium du Dauphine eight-day race, and had been hoping to run that ride through the Alps in late June or early July, but the traditional Tour warm-up has been postponed.

A mid-August start would see the race finish in September, meaning a clash with the Vuelta a Espana. There are only 176 riders on a Tour, but the whole event involves around 4,500 people, with team staff, police and media all moving every day. Cancellation is the worst-case scenario. The "Grande Boucle", as the Tour is known in France, is the central economic pillar which supports the sports' 22 professional teams.

"It's as simple as this. If the Tour does not take place, teams could disappear, riders and staff alike would find themselves unemployed," said Marc Madiot, the chief of French team Groupama-FDJ. The riders are also keen to race, with 2018 winner Geraint Thomas saying he was desperate for the Tour to go ahead. "There are bigger and more important things to sort out first, but as soon as it's safe and ready to go, we (Ineos) would love it to happen," said the Welsh rider.

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COVID-19 impact: Boxing resumes in Nicaragua with small audience

With the world pretty much devoid of sports events because of the Coronavirus pandmeic, boxing resumed in Nicaragua with a televised eight-fight card in front of a live, though sparse audience in Managua.

Promoter Rosendo Álvarez, a former two-time world champion, had dismissed the threat of the virus. "Here we don't fear the Coronavirus, and there is no quarantine. The three deaths [reported so far by the Ministry of Health] came from outside and nobody within the country has been contaminated," Álvarez said before the event on Saturday night. But his offer of free tickets appeared to fill only about a tenth of the 8,000 seats in the Alexis Argoello gym. Officials did not announce attendance figures. Alvarez said he signed up the 16 local boxers for the card because they needed to work. "Nicaragua is a poor country and the boxers have to eat. They can't stay shut up in their house," he said.

Meanwhile, in neighbouring or nearby countries the regional Central American Integration System has reported roughly 13,000 cases and about 500 deaths. The Nicaraguan baseball and soccer leagues are still playing, and Saturday's local sports pages included stories on a triathlon and school wrestling tournaments.

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Anil Kapoor pays tribute to frontline workers by joining #MainBhiHarjeetSingh campaign

Joining Punjab Police's 'Main Bhi Harjeet Singh' campaign named after the police personnel whose hand was chopped off on duty, actor Anil Kapoor on Tuesday paid tribute to the frontline warriors who are fighting against COVID-19. The superstar took to Twitter to express solidarity and laud the frontline workers.

"Here's a salute to our front-line warriors! You have our full support and we stand in solidarity with you in this war!" Kapoor tweeted and adding hashtags #MainBhiHarjeetSingh and #MainBhiPunjabPolice to his tweet.

"Main Bhi Harjeet Singh" - Personnel of Punjab Police on Monday sported name badges of their colleague, whose hand was chopped off while he was trying to impose COVID-19 lockdown restrictions in the state.

The initiative was part of a day-long campaign launched on Monday by Dinkar Gupta, DGP Punjab to display solidarity towards Sub-Inspector Harjeet Singh, who was part of the police team that came under attack allegedly by a group of Nihangs who were asked to show their curfew passes at a vegetable market in Patiala on April 12.

Doctors had reattached the hand of the 50-year-old in a surgery post the attack.

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Rahul Bose: Need ground campaign over decades for gender justice

Rahul Bose has been in association with Akshara Centre, an NGO that works towards women empowerment, to develop a campaign against domestic violence for over a decade. The actor believes the video—titled #LockdownOnDomesticViolence and featuring a string of celebrities, including Karan Johar, Sachin Tendulkar, Madhuri Dixit Nene, Virat Kohli and Anushka Sharma—was the need of the hour as cases of domestic violence have witnessed a spike amid the lockdown.

"The video had to be in three languages—Marathi, because the majority of our state understands the language, and Hindi, for the migrant population in the state. The English campaign has been noticed by people the world over," says Bose.

The state government has launched several numbers, including the uniform state helpline number 100, where women can register their complaints. One can probably determine the endeavour's success by studying if there has been a drop in the cases reported since the video released. However, he disagrees, "We have to consider the other possibility that domestic violence is continuing, and yet, women can't report it."

Ever since the release of Kabir Singh in 2019, and consequently, Thappad earlier this year, there has been a larger discussion about representation of casual violence on screen. The actor, however, believes movies have minimal effect on social behaviour. "There's little co-relation between the two factors. Films don't need to carry a positive message, but they shouldn't carry a negative one, that does disservice. A ground-up campaign, in which the same message is passed on consistently, film on film, year on year, can change behaviour more than a movie can." To make his case, he cites how the state of California launched a multi-media campaign against tobacco consumption, leading to a 12 per cent drop in sales after 20 years. "So, looking at the misogyny and status of women in India, we need a ground campaign over decades to attain gender justice. Then the Delhi gangrape happened, there was a significant push forward, but we need to be at it for decades."

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Arjun Feroz Khan: Mahabharat was a game-changer for Indian television, it impacted people's lives

There cannot be a greater feeling for any actor when he's known by the name of the characters he has essayed on the big screen or even the small screen. If Amjad Khan was Gabbar Singh, Amrish Puri was Mogambo, Shah Rukh Khan was Raj and Rahul, Feroz Khan was Arjun. Yes, the Arjun from Mahabharat.

Such was the popularity of the role and such was the impact on people that he was rechristened as Arjun Feroz Khan. You may know him as the villain from a lot of Bollywood films of the 90s but it was this iconic television show that shaped his career and made him a household name. Speaking to Hindustan Times about being selected for the show and how it made history, he spilled the beans on everything.

He said, "It's a proud moment to watch Mahabharat with the present generation. It's a good opportunity for them to know more about their culture. It was a game-changer for Indian television. It impacted people's lives. Due to the lockdown, everyone is at home and they're glued to their television sets to watch epics like Mahabharat and Ramayan. Even my grandchildren are watching it and they're amused to see me shooting arrows."

History isn't made easily so expectedly, getting such a fascinating role wasn't easy for the actor either. He recalls the day when he went for the audition. "I went in and saw actors like Deepak Parashar, Raj Babbar and Govinda, among others there. The auditions for Mahabharat were going on and Govinda told me to give it a shot. I was given two pages of dialogues in Hindi. I told him to read out the lines in Hindi so that I could rewrite them in English."

He added, "A week after when I didn't get a call back, I went to his office. I was asked to wear my costumes and a moustache. I went up to Chopra Saab's cabin in the first floor and he was sitting their along with our writers, Dr Rahi Masoom Raza and Pandit Narendra Sharma and they told me that I've been locked to play Arjun." And as they say, the rest is history! He was addressed as Arjun by everyone, even his mother. What greater validation can an actor ask for?

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Telly Tattle: Saumya Tandon's COVID-19 campaign; Tushar Dalvi's digital debut

Telly actor Saumya Tandon is part of a campaign to distribute reusable masks and face shields to frontline workers on the streets. The Bhabhiji Ghar Par Hai actor was spotted in Andheri distributing the kits to vegetable vendors and police personnel.

Main bhi artist

Aishwarya Sakhuja, who has taken up sketching during the lockdown, is enjoying the process. "I never thought I would be good at it, but I've surprised myself. I still have a long way to go but my friends have been loving my sketches," she adds.

Mamma mia

Jag Jaanani Maa Vaishno Devi actor Madirakshi Mundle is bonding with her mother during the lockdown. She has special plans for Mother's Day. "I plan to cook her favourite meal and refurbish an old saree to a suit with embroidery work on it."

The web game

Mere Sai actor Tushar Dalvi is set to make his digital debut on Netflix with Anurag Kashyap's Choked. He says, "Working with Anurag Kashyap is a dream come true. His films don't underplay issues."

Slambook: Parull Chaudhry

One superpower you wish to possess?
The power of illusions.

One thing you won't share?
My mom's laddoos.

Your guilty pleasure movie?
Dumb and Dumber (1994).

One thing you are guilty of?
Of unknowingly hurting my parents.

Your worst project?
Being part of an episode of supernatural show in which I played a 300-year-old witch. Wearing prosthetics was painful.

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Handwriting reveals a lot about compatibility quotient in a relationship


Rushabh Shah and Srishti Doshy

Meet Srishti Doshy and Rushabh Shah. The Mumbai-based couple, in their early 20s, has been dating for six years. She is bold, and more expressive, while Rushabh believes in creating the right first impression. Srishti may not be able to face reality sometimes, whereas Rushabh is practical. What makes them click: similar traits, especially the way both want to preserve memories and find solace in being together.


Rushabh Shah and Srishti Doshy; their handwriting samples

It didn't take a heart-to-heart chat with the duo for Chetna Teckchandani to learn that they are, indeed, compatible. All she did was analyse scans of their handwriting scribbled on an unruled sheet of paper. "Your handwriting is like your DNA sample. It reveals your personality, behaviour and approach to the future. Graphology is an in-depth science, which can be used to discover yourself, as a hiring tool for corporates, and, gauge a couple's compatibility. Unfortunately, it isn't given its due in India," shares the 29-year-old handwriting analyst and graphotherapist. She learnt the science from expert graphologists Milind Rajore and Naviin Thantrii, and has been practising it professionally for the past one year.

If you're eager to discover your compatibility quotient with your partner, or learn ways to improve your marriage and relationship, get your handwriting analysed at a coffee meet that she will host tomorrow. The session, titled, One Write Stand With Your Date, presented by dating app ASAP (Astro Science Align People) and Soul Flower, is open to married and unmarried couples, and even singles who might be looking for a partner.

Teckchandani uses a combination of Gestalt and Trait methods to conduct the analysis. This includes the size of letters, pressure put into writing and each letter's knots and curves. "In graphology, each letter is assigned a meaning. Y is the letter for sex. A 'y' written without looping the end or squeezing the loop may indicate intimacy issues. On the other hand, a 'y' with a bigger-than-usual loop may mean a voracious sexual appetite," she states matter-of-factly.


Chetna Teckchandani

How your handwriting tilts also helps Teckchandani peep into your soul. For instance, she realised a client had undergone abuse when she saw that her words had a backward slant (tilted towards left). "Backward slant isn't natural, and usually, develops when you have seen something terrible, specifically from a male figure, and you take a step back. However, you cannot jump to conclusions only by assessing one element of handwriting. You need to use various permutations and combinations," shares the expert, who prepares meticulous compatibility reports jointly with Dr Anandd Manocha. She also offers grapho-therapy sessions, suggesting certain handwriting exercises or patterns to heal a person, which can be combined with counselling and positive reaffirmations.





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COVID-19: Six Indian companies working on vaccine

Six Indian companies are working on a vaccine for COVID-19, joining global efforts to find a quick preventive for the deadly infection spreading rapidly across the world, says a top Indian scientist. Nearly 70 'vaccine candidates' are being tested and at least three have moved to the human clinical trial stage, but a vaccine for the novel coronavirus is unlikely to be ready for mass use before 2021. As COVID-19 infects more than 1.9 million in the world and claims 1,26,000 lives, Indian scientists are also part of the global fight against the disease.

"While Zydus Cadila is working on two vaccines, Serum Institute, Biological E, Bharat Biotech, Indian Immunologicals, and Mynvax are developing one vaccine each," Gagandeep Kang, executive director of the Translational Health Science and Technology Institute, Faridabad, told PTI. Kang is also vice chair of the Coalition for Epidemic Preparedness Innovations (CEPI), which noted in a recent study that the "global vaccine R&D effort in response to the COVID-19 pandemic is unprecedented in terms of scale and speed".

But it is a complicated process with many stages of testing and many challenges, explained experts. A vaccine for the new coronavirus, SARS-CoV-2, may not take 10 years that other vaccines do but it could be at least a year before it is proven safe, effective, and made widely available, they said. "Vaccine development is a lengthy process which often takes years, with many challenges," said E. Sreekumar, chief scientific officer at the Rajiv Gandhi Centre for Biotechnology (RGCB) in Kerala.

"Generally, vaccines take several months to pass the different stages of testing, and then approvals also take time. For COVID-19, we don't expect a vaccine to come in this year," agreed Rakesh Mishra, director of the CSIR-Centre for Cellular and Molecular Biology (CCMB) in Hyderabad. Vaccine testing typically begins with animal and lab testing before going on to different stages of human testing.

"The human testing phase is composed of many phases," Sreekumar told PTI. "Phase one trials are small-scale, usually involving few participants, to assess whether the vaccine is safe for humans. Phase two trials often involve several hundred subjects, and mainly evaluate the efficacy of the vaccine against the disease," he said.
The final phase involves thousands of people to further assess the efficacy of the vaccine over a defined period of time, and can last several months, Sreekumar said.
"That is why we don't see a vaccine coming in at least a year from now."

Even after the vaccine is ready, he explained, there are a lot of challenges, including whether the vaccine is effective in all populations, and if it can be used for different strains of the novel coronavirus, which might start mutating as time passes. "There are lots of vaccines which are being tested for COVID-19, some of which are in the stage 1 clinical trial," Mishra added.

"But we still don't know how fast they will proceed towards a vaccine and they can take several months to reach any point," he said. According to the World Health Organization (WHO), three vaccine candidates are in the clinical testing phase, meaning they are able to be tested on humans, while nearly 70 are in the preclinical phase -- either in lab testing, or animal studies. Though Kang named six companies, the WHO has listed only Zydus Cadila and Serum Institute from India as among the global firms working on a COVID-19 vaccine.

As of April 8, 2020, said CEPI, the global COVID-19 vaccine R&D landscape includes 115 vaccine candidates, of which 78 are confirmed as active and 37 are unconfirmed.
Of the 78 confirmed active projects, 73 are currently at exploratory or preclinical stages, noted the CEPI team in an analysis published in the journal Nature reviews drug Discovery last week.

The most advanced candidates have recently moved into clinical development, including mRNA-1273 from US-based biotechnology company Moderna, Ad5-nCoV from Chinese biopharma company CanSino Biologicals, and INO-4800 from American pharmaceuticals company Inovio. Others in this list include LV-SMENP-DC and pathogen-specific aAPC from Shenzhen Geno-Immune Medical Institute in China.

Numerous other vaccine developers have indicated plans to initiate human testing in 2020, the CEPI scientists said. Experts believe the genome sequencing of the new coronavirus provided by scientists in China shows it shares 79 per cent of the same genetic material as severe acute respiratory syndrome (SARS) and 50 per cent of the same material as Middle East respiratory syndrome (MERS), a species of coronavirus which infects humans, bats, and camels.

This allows developers to use groundwork already created in research for vaccines for those viruses. Australia's national science agency CSIRO announced earlier this month that it has begun preclinical tests of a vaccine developed by Oxford University in the UK. A striking feature of the vaccine development landscape for COVID-19 is the range of technology platforms being evaluated, including nucleic acid (DNA and RNA), virus-like particle, live weakened virus, and inactivated virus approaches.

The CEPI noted that many of these platforms are not currently the basis for licensed vaccines, but experience in fields such as oncology is encouraging developers to exploit the opportunities that next-generation approaches offer for increased speed of development and manufacture.

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Coronavirus Outbreak: Tata Trusts launches countrywide health campaign on COVID-19

Tata Trusts has begun a pan-India community outreach to induce adoption of health practices, as promoted by the Government of India, in rural areas to prevent the spread of COVID-19. Beginning March 31, the exercise is expected to have already reached about 12 million people in 21 states.

The campaign '5 Kadam, Corona Mukt Jeevan', ranges from video messages in the country's languages, even dialects, short animation videos and infographics to audio messages, and SMS based messaging.

For wider deployment by any interested organisation, the Trusts have made publicly available through social media about 300 such videos and audio messages, in different languages, and dialects like Dongri, Kumaoni, Ladakhi, Garhwali, Santhali, Mundari, Kutchi (Gujarat) and Koborok (Tripura). All of them are available in the playlist here.

Over 70 celebrities from all over India, have lent their support with video and audio messages. Among them are Nana Patekar, Sonali Kulkarni, Harbhajan Singh, Ila Arun, Atul Kulkarni, Malini Awasthi, and Sanju Samson for Rajasthan Royals, to name a few.

The Trusts have deployed more than 430 master trainers in these 21 states who in turn have trained a pool of over 8,700 community resource persons (village volunteers) to deliver the message till the last mile.

Through the existing network of the Trusts' programmes, the volunteers, associate organisations of the Trusts, community radios, village-based public address systems, and use of various internet and communication technologies, the programme is expected to have reached out to about 12 million people till date.

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COVID-19: Experts warn companies to guard against fake news to tackle crisis better

As the deadly coronavirus infection spreads fast in India and elsewhere, even faster is the spread of fake news regarding the pandemic and experts warn this 'infodemic' can have huge economic costs for companies across the world in addition to health concerns for the public at large. While authorities have announced severe penal actions for those spreading fake news regarding this pandemic, which has already caused nearly 2 lakh deaths globally with more than 28 lakh infections since its outbreak in China last December, widespread misinformation surrounding the disease has seen people drinking disinfectants and industrial alcohol while trying various rumoured treatments.

False claims and fake news, mostly forwarded through social media platforms, have also led to several cases of religion-based attacks, hate speeches and other discriminatory activities, while cyber frauds are also on the rise with scamsters seeking to take advantage of the crisis situation. In addition to the damages caused to public health and societal behaviour, experts warn the undeterred wave of fake news poses a huge risk to corporates, for whom it becomes difficult at times to filter out the right information that is crucial for them to ensure success of their business continuity, especially when almost the entire world is locked down.

Farah Lalani, who is a community creator for media, entertainment and information industries at the Geneva-based World Economic Forum (WEF), said businesses need to be proactive about calling out misinformation that is spreading about their brand, directing customers to official channels and making sure there is always clear and up to date information on all their social accounts. "While bad actors, fraudsters, and uninformed users can spread fabricated or misleading information, if businesses collaborate closely with the entire media ecosystem and regulatory bodies, they can start to work together to solve this very challenging problem," she told PTI.

In India, some organisations including industry bodies and advocacy groups have begun compiling official and credible information about the COVID-19 fight and the ongoing lockdown to help companies in their preparedness for tackling the crisis. Leading advocacy group Chase India, which was among the first to start this practice right from the initial days of the COVID-19 crisis emerging as a major threat in the country, has been sending across multiple daily updates to its clients, including on the latest actions taken by the central and state governments and also on initiatives being taken by various corporates.

Experts said the correct information is necessary for companies to help them understand, analyse and then implement various new guidelines being issued by the central and state governments. "In today's circumstances, besides the current public health crisis of COVID-19 and socio-economic impact related to climate change, one of the biggest concerns is legitimate and timely sourcing of information," Chase India's co-founder and Executive Vice President Manash K Neog said.

"As a public policy consultancy, our key challenge during the pre-lockdown phase was to mitigate frenzy around rumours of lockdown for our clients as it was creating panic for the operational teams of clients. "Further to that, we have institutionalised mechanisms such as our hourly and daily COVID-19 advisory trackers for the central and state governments to support clients with timely and authentic information basis which they are able to better plan their business continuity strategies," he added.

According to experts, companies are working hard to ensure timely access to right information as costs could be too high for them if they fall for some misinformation and in such a situation the role of media is also very important. Releasing a new survey recently, which found that just about one-fourth of the consumers in India currently pay for news but nearly two-thirds are willing to pay, the WEF said the current coronavirus challenge further emphasises the indispensable role that the media plays in society today.

With social media becoming the main platform for spread of false claims, giants like Facebook and Twitter have also begun deleting such posts and taking other actions. Some of the posts deleted on such grounds include those of public figures as well, the most famous being posts shared by Brazilian President Jair Bolsonaro in which he had claimed anti-malaria prescription drug hydroxychloroquine was an effective treatment for COVID-19.

Twitter had also deleted a post by Venezuela's President Nicolas Maduro in which he had apparently endorsed a "brew" for eliminating infectious genes. Various social media platforms have also imposed several restrictions on advertisements claiming various cures for COVID-19, while hate content regarding the pandemic is also being dealt with sternly. However, all these steps have not been able to totally eradicate the fake news flow, which the World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus described as 'infodemic' in the context of the novel coronavirus.

"We are not just fighting an epidemic, we are fighting an infodemic," he said, referring to fake news as something that "spreads faster and more easily than this virus". United Nations' chief Antonio Guterres too said last month that an "infodemic of misinformation" was also an enemy that we all need to fight while battling COVID-19.

"To overcome the coronavirus, we need to urgently promote 'facts and science' and 'hope and solidarity' over despair and division," he said.

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COVID-19 impact will remain visible in coming months, need to fight it with impetus on economy: Modi

Prime Minister Narendra Modi on Monday said the impact of coronavirus will remain visible in the coming months and masks and face covers will be part of life while asserting that the country needs to give importance to the economy as well as continue the fight against COVID -19. The remarks came during his interaction with Chief Ministers via video conferencing to discuss the emerging situation and plan ahead for tackling the COVID-19 pandemic.

"The country has seen two Lockdowns till now, both different in certain aspects, and now we have to think of the way ahead. As per experts, the impact of coronavirus will remain visible in the coming months," Modi said, according to an official release.

Reiterating the mantra of 'do gaz doori', he said that "masks and face covers will become part of our lives in the days ahead". "We have to give importance to the economy as well as continue the fight against COVID -19," Modi said. The Prime Minister underlined that the lockdown has yielded positive results as the country has managed to save thousands of lives in the past one and a half months.

"India's population is comparable to that of the combined population of several countries. The situation in many countries, including India, was almost similar at the start of March. However, due to timely measures, India has been able to protect many people," he said.

Prime Minister Modi, however, forewarned that the danger of the virus is far from over and constant vigilance is of paramount importance. "Prime Minister Modi added that under the circumstances, everyone's aim must be rapid response. He pointed out that many people are self-declaring whether they have cough and cold or symptoms, and that this is a welcome sign," the release said.

The Prime Minister emphasised on the importance of usage of technology as much as possible and also to utilize time to embrace reform measures and on the significance of ensuring that more people download the AarogyaSetu app to bolster the efforts of the country in the battle against COVID-19.

"We have to be brave and bring in reforms that touch the lives of common citizens. People associated with Universities can be integrated on devising ways to fight the pandemic and strengthen research as well as innovation," he said. He also highlighted the importance for states to enforce guidelines strictly in the hotspots i.e. the red zone areas. "The efforts of the states should be directed towards converting the red zones into orange and thereafter to green zones," he said.

On the issue of getting back Indians who are overseas, the Prime Minister said that this has to be done keeping in mind the fact that they don't get inconvenienced and their families are not under any risk. He also urged Chief Ministers to factor in the changes in weather - advent of summer and monsoon - and the illnesses that can potentially come in this season, while strategizing ahead. Union Home Minister Amit Shah reaffirmed the need to enforce lockdown so that maximum lives are saved.

"The Chief Ministers praised the leadership of the Prime Minister during this period of crisis, and also highlighted the efforts undertaken by them in containing the virus. They spoke about the need to keep a close vigil on international borders, and also on addressing the economic challenge and ways to further boost health infrastructure. The leaders expressed gratitude towards the police force and medical staff for the exemplary work done by them in the fight against COVID-19," read the release.

This was the fourth such interaction of the Prime Minister with the Chief Ministers, the earlier ones had been held on March 20, April 2, and April 11. Today's meeting comes just a week ahead of the scheduled ending of the nationwide lockdown. On March 24, the Prime Minister had announced a 21-day lockdown as a precautionary measure to contain the spread of COVID-19. The lockdown was later extended till May 3.

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Visakhapatnam gas leak: Chances of long-term impact are less, says AIIMS Director

A gas leak at a chemical plant in RR Venkatapuram village in Visakhapatnam on Thursday left 11 people dead and several hundred hospitalised. Andhra Pradesh chief minister YS Jagan Mohan Reddy visited hospitals where the victims have been admitted and he announced a compensation of Rs 1 crore for the deceased in the Visakhapatnam gas leak.

The chief minister also announced Rs 10 lakh each to those undergoing treatment on ventilator support, Rs 1 lakh for those who have been hospitalised due to the incident and Rs 25,000 to those who took treatment as out-patients after developing health complications due to inhalation of the styrene vapour.

The chief minister also announced a committee to probe into the mishap and said the government would talk to the LG Polymers management seeking job for the kin of the deceased in any of its businesses.

At the review meeting, the Collector informed the Chief Minister that the gas spread was limited to a 1.5 to 2 km area from the epicentre of the leak and that the locals were evacuated to safety.

After the incident, Prime Minister Narendra Modi chaired a high-level meeting where he discussed at length the measures being taken for the safety of the affected people as well as for securing the site affected by the disaster at Vizag. After chairing the high-level meeting on the Vizag gas leak tragedy, PM Modi also spoke to Chief Minister YS Jagan Mohan Reddy and assured all the required aid and assistance from the Centre to tackle the situation.

While addressing a press conference, AIIMS Director Dr Randeep Guleria said that the chances of the long-term impact of styrene gas, which leaked from a gas plant in Andhra Pradesh's Visakhapatnam are less. Clearing the air about the impact of the gas leak, Dr Randeep said, The chances of long-term impact are less because this compound metabolises and leaves the body quickly. This is an acute exposure rather than a chronic exposure. But we will have to follow up and see. As of now, the data doesn't suggest a significant long-term effect," reports ANI.

Para-tertiary butyl catechol or PTBC, a chemical made in Gujarat's Vapi, is currently being used in Visakhapatnam to neutralise the effect of the gas leak, said an official from the Gujarat government. Ashwani Kumar, secretary in the Gujarat chief minister's office, said that the chemical will be sent to Visakhapatnam on an urgent basis.

A press release from Andhra Pradesh Chief Minister's Office (CMO) said the official machinery swung into action immediately after the incident and evacuated people from the area after rushing those who fell ill to nearby hospitals where they are being treated for respiratory and other ailments.

Smokes rise from an LG Polymers plant following a gas leak incident in Visakhapatnam on May 7, 2020. At least eight people have been killed and several hundred hospitalised after a gas leak at a chemicals plant on the east coast of India, police said on May 7. Pic: AFP

Panic-stricken people rushed out of their homes, only to collapse. Several cattle and livestock also succumbed to the poisonous gas pervading the air. In scenes reminiscent of the Bhopal gas tragedy of 1984, the streets and hospitals of Visakhapatnam were filled with people in panic, scared to breathe and unable to fathom the silent tragedy that struck them.

Prime Minister Narendra Modi also took to Twitter to say that he spoke to officials of MHA and NDMA about the situation.

Home Minister Amit Shah took to the micro-blogging site to say the incident is disturbing. He wrote, "The incident in Vizag is disturbing. Have spoken to the NDMA officials and concerned authorities. We are continuously and closely monitoring the situation. I pray for the well-being of the people of Visakhapatnam."

Chandrababu Naidu also expressed his condolences to the ones affected in the tragedy.

"Chief Minister is closely monitoring the situation and has instructed the district machinery to take immediate steps and provide all help," said Andhra Pradesh CMO.

The Chief Minister enquired about the gas leak incident and directed the district officials to take every possible step to save lives and bring the situation under control.

The gas leakage took place at LG Polymers industry in RR Venkatapuram village here on Thursday, said Tirupathi Rao, District Medical & Health Officer (DMHO).

(with inputs from agencies)

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Vizag gas leak: NGT sends notice to LG Polymers, directs company to deposit Rs 50 crores

New Delhi: The National Green Tribunal (NGT) on Friday issued notices to LG Polymers, Union Environment Ministry, Central Pollution Control Board (CPCB) and others regarding the Vizag gas leak incident.

The NGT has directed LG Polymers, India, at whose plant the gas leakage occurred, to forthwith deposit an initial amount of Rs 50 crore taking note of damages caused due to the incident.

Further hearing in the matter is scheduled for May 18.

On Thursday, a styrene gas leak at the plant of LG Polymers in RR Venkatapuram village in Visakhapatnam district of Andhra Pradesh had claimed 11 lives.

NGT's principal bench headed by its Chairperson AK Goel also issued notice to Andhra Pradesh Pollution Control Board (PCB) and District Magistrate of Vishakhapatnam.

The Tribunal has also sought a report from a 5-member committee comprising former Judge of Andhra Pradesh High Court, Justice B Seshasayana Reddy, Former Vice-Chancellor of Andhra University, Professor Ch V Rama Chandra Murthy, Head of Chemical Engineering Department of Andhra University, Professor Pulipati King, CPCB Member Secretary and Director of CSIR-Indian Institute of Chemical Technology.

NGT said that the committee may visit and inspect the site at the earliest and give its report before the next date via email and site visit may be initially conducted by members available locally in consideration with outside members online.

It said that the committee may specifically report on the sequence of events, causes of failure, the extent of damage to life, human and environment, steps to be taken for compensation of victims and restitution of the damaged property among others.

The bench has directed the District Magistrate of Vishakhapatnam and Regional Office of Andhra Pradesh PCB to provide logistic support to the Committee to enable their fact-finding and reporting.

It took suo-motu cognisance on the basis of media reports on the leakage of hazardous gas, Styrene from a chemical factory owned by the South Korean company LG Polymers. The incident has caused damage to the environment and habitat.

Styrene gas is a hazardous chemical and as per rules, it requires on-site and off-site emergency plans to ensure prevention of damage.

NGT noted that there appears to be a failure to comply with the rules and other statutory provisions and leakage of hazardous gas at such a scale adversely affecting public health and environment clearly attracts the principle of 'Strict Liability' against the enterprise engaged in a hazardous or inherently dangerous industry.

"Such an entity is liable to restore the damage caused under the Environment Law, apart from other statutory liability. The statutory authorities responsible for authorizing and regulating such activities may also be accountable for their lapses, if any, in dealing with the matter," the NGT said.

Stressing that it is necessary to ascertain the facts relating to the extent of damage, the extent of the failure and consider remedial measures, the bench listed the matter for May 18 for further hearing.

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Pune citizens to campaign against Sadhvi Pragya Singh Thakur in Bhopal

At least 100 people from the city will soon be on their way to Bhopal, to campaign against Bharatiya Janata Party (BJP) candidate Sadhvi Pragya Singh Thakur. Pragya had recently courted controversy with her statements on former Anti-Terrorism Squad (ATS) Chief Hemant Karkare and the demolition of the Babri Masjid. She had claimed to have 'cursed' Karkare, which is why she claimed he was killed by terrorists in the 26/11 terror attacks on Mumbai.

The Election Commission (EC) has directed the police to file an FIR against Pragya for her remark that she was "proud" of her participation in the demolition of the Babri Masjid at Ayodhya in 1992.

On Wednesday, Mulnivasi Muslim Manch President Anjum Inamdar, former Justice B G Kolse Patil, former IPS officer Suresh Khopade and others came together to form a team of the people who will head to Bhopal next week, along with those were injured and kin of those who died in the Malegaon blast, in which Pragya is an accused. She is out on bail.

'An anti-social element'

Khopade said, "We live in a democracy and want our representative to respect our parliament and work for society. But it seems that Pragya is an anti-social element. We will campaign against her and the BJP for shielding and encouraging such destructive people to breach the peace in society." Their week-long campaign will involve going door-to-door and handing out pamphlets and telling people not to vote for Pragya. Bhopal goes to the polls on May 12.

Inamdar said, "Such people cause hatred between communities. We will make people aware of whom they are going to vote for, and tell them the consequences of that." Kolse Patil said, "Her statements speak about the way she is going to handle work. Why is no action being taken by this government against her when it usually files cases against such statements?"

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Vijay Mallya's son-in-law Samar Singh campaigns for Parth Pawar

The Congress and Nationalist Congress Party (NCP) are blaming the Bharatiya Janata Party (BJP) for shielding fugitive businessman Vijay Mallya, while his son-in-law is helping Parth Pawar in campaigning. Parth is the grand nephew of NCP supremo Sharad Pawar, and is contesting in the Lok Sabha elections from Maval constituency.

Parth, 29, is the son of former deputy chief minister Ajit Pawar. He is contesting against Shrirang Barne from the Shiv Sena who won the seat in 2014. The Sena-BJP alliance has given him another chance to contest, as he had won the Sansad Ratna Award.

Parth has often been seen accompanied by Samar Singh, who is married to Mallya's step-daughter, Laila. Singh is a businessman and investment banker based in the USA. Sources say Singh also handles Parth's social media. Asked about him, Parth said, "Samar and I have been friends for a long time. He campaigns for me like my other friends. Why should he be blamed for Mallya's wrongdoings? He is also returning to the US."

Singh was unavailable for comment but a friend of his said, "Samar and Parth are friends from Mumbai and know each other for ages. Samar and his wife are not much connected to the Mallya family as has been portrayed. Samar had joined Parth out of curiosity to see his friend contest the election and had visited few places with him to see the real situation. He has gone back to the US."

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COVID-19 impact: Asian football events to go ahead this year

Asia's top football competitions will go ahead this year despite the coronavirus pandemic, a senior official told AFP, although games may have to be played behind closed doors. Windsor John, general secretary of the Asian Football Confederation (AFC), said he was confident that the AFC Champions League and AFC Cup would both be completed. Both tournaments, featuring teams from throughout Asia, Central Asia and the Middle East, are on hold until at least the end of June after COVID-19 shuttered professional sport worldwide.

"Both will be played this year. We still have time," John told AFP, adding that new dates for the competitions may be known by the end of April. However, John did not rule out matches being played without fans "if that's what the health authorities need". The AFC is determined for both tournaments to go ahead "for sporting reasons and to fulfil commercial obligations", he said. His comments came after the AFC on Tuesday announced the indefinite postponement of all matches scheduled for May and June due to the virus.

The Champions League, the region's premier club competition, and the second-tier AFC Cup were both halted in March as the pandemic's spread forced governments to impose strict travel restrictions. Both tournaments are on an increasingly tight schedule, with the 32-team Champions League needing to complete four rounds of group-stage matches in July before the postponed knock-out phase begins in August.

The group phase of the AFC Cup will also have to be completed in a rush once matches resume. The finals for both tournaments -- which traditionally take a break in July, to avoid the worst of the Asian summer heat -- are scheduled to take place in November. Domestic leagues remain on hold around the world, including in China where the virus first emerged, but where football shows no sign of returning despite optimism the outbreak is under control.

Asia's extended shutdown, announced on Tuesday, also affects the two-legged women's Olympic qualifying play-off between China and South Korea, which had already been moved to June 1 and 9. June qualifiers for the men's 2022 World Cup and 2023 Asian Cup had been postponed before the AFC's announcement on Tuesday. Asian football was an early sporting casualty of the coronavirus pandemic, before competitions in Europe -- including Euro 2020 -- and the rest of the world were also affected.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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COVID-19 impact: Testing time for La Liga

The Spanish football league is all set to resume in June and La Liga's India managing director Jose Antonio Cachaza has revealed that they will resort to maximum testing of players to allay any fears of them contracting COVID-19.

Spain is one of the worst hit countries with around two lakh COVID-19 cases till date.

Most La Liga teams have been allowed to return to training this week after the government eased lockdown restrictions. However, the fear of contracting the Coronavirus is widespread, said Cachaza, for which a four-phase de-escalation programme is being introduced to ensure all players are free of the infection.

"The current week is only for testing of the players and preparing the grounds," Cachaza said in an online media interaction from Spain.


Jose Antonio Cachaza

"Once players are fit to play, we will disinfect the venues. All matches will be played behind closed doors with a maximum of 250 people to avoid any unwanted situation," he added.

When asked what happens if a player tests positive once the season starts, Cachaza said: "That can always be the case. If you see the Bundesliga, they are about to start their season but still have positive cases. We will be ensuring testing at regular intervals as well to keep a check on players." Unlike the English Premier League and the Bundesliga, the La Liga is yet to finalise on a date to resume the season as Cachaza said they are awaiting authorisation from the Spanish government. "We are in constant talks with the government and as of now, we have authorisation to only start with training. Next week, the players will be allowed to train on their own, with a maximum of six players on the pitch. The following week [May 18 onwards], players will be permitted to train in small groups before a return to larger team sessions,"2020-05-08 Cachaza explained.

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Will Mutual Fund Houses Act Against Companies Approaching Courts To Prevent Rating Downgrade Amidst COVID-19?

Posted by Equitymaster
      

Unnerving movements for debt mutual funds investors!

Just last week my colleague, Divya explained the fiasco at Franklin Templeton Mutual Fund, which took a decision to abruptly wind down six debt mutual fund schemes, namely:

In all, the above debt mutual fund schemes had an AUM of Rs 30,854 crore as of March 31, 2020.

The fund house cited, "severe market dislocation and illiquidity in the fixed income space" caused by the COVID-19 pandemic, as the reason behind the decision.

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Investors in these schemes are now left in the lurch: they cannot sell (nor buy) these funds and will have to rely on the fund house to get back their hard-earned money. Investors will have to hold their investments in these schemes until liquidity is available to the mutual fund house by either selling securities in the fund's portfolio or receiving maturity proceeds.

Currently, a fact is, not just Franklin Templeton Mutual Fund, but debt mutual fund schemes of many other fund houses are have a remarkable exposure to stressed assets.

According to portfolios disclosed on March 31, 2020, mutual funds collectively held Rs 1.38 trillion of exposure to debt securities issued by Non-Banking Financial Companies (NBFCs). Approximately Rs 51,000 crore of the exposure in debt securities has a maturity profile of less than 3 months; and now, mutual funds fear that there will be defaults.

NBFCs and other corporate borrowers claim that they do not have enough liquidity to fulfil their obligations and have requested for additional time. Given that, rating downgrades from rating agencies look likely.

However, some companies are playing smart: they are approaching the Courts to prevent a rating downgrade, plus seeking a stay on sale of pledged shares. Of course, they are well within their right to approach the judicial authority or Courts and contest.

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But the capital market regulator, seems to be in no mood in offering them any leeway. On the contrary, the regulator is asking the mutual fund industry to act against the issuer of securities who are possibly carrying high credit risk; facing asset quality problems.

Delays in repayments would mean the creation of more side-pockets by mutual funds. And in my view, more the losses investors suffer, more frustrating it will be for mutual fund houses and their investors. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

If you are wondering what has gone wrong, here's everything you may like to know about liquidity, credit risk and the exposure of mutual funds to corporate debt in the present scenario.

If you remember, the capital market regulator had mandated large corporations to source at least 25% of their borrowings from the bond markets from the beginning of FY 2019. This move was expected to deepen Indian bond markets and reduces the stress on banks. Just a year later, the same move is proving fatal for companies that went to the bond markets to raise money.

Now that the COVID-19 lockdown has forced many business units to shut off temporarily or operate much below their optimal operational capacity with a skeletal staff, companies, including the large organisations that relied heavily on debt markets, are finding it difficult to honour maturity claims on Commercial Papers (CPs), Non-Convertible Debentures (NCDs), and Bonds.

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They were hoping for an 'at-par treatment' with Banks when the Reserve Bank of India (RBI) offered a moratorium period to borrowers. But the RBI circular came to them as a shocker. The devil was in the details.

On March 27, 2020, the RBI issued a notification allowing a three-month moratorium on all outstanding term loans and working capital facilities on account of disruptions caused by the outbreak of coronavirus. This circular did not cover around 10 thousand NBFCs, who mainly depend on CPs, NCDs, and Bonds for their funding requirements.

As far as NBFCs are concerned, the RBI has already provided them with a liquidity facility through the banking channel. The RBI directed banks to utilise funds infused under Targeted Long Term Repo Operations (TLTRO) facility to invest in 'investment-grade' CPs, NCDs, and Bonds issued by NBFCs. Also, RBI mandated banks to allocate 50% of Rs 50,000 crore of liquidity introduced by way of TLTRO 2.0 to small and mid-size NBFCs and small finance banks.

But NBFCs seemed not too happy with just liquidity and many of them are now approaching courts to prevent rating downgrades. This is not a best practice for the industry, although fund houses may be well within their rights to contest.

Recently, Indiabulls Housing Finance was successful in receiving the interim order from Delhi High Court, throttling any coercive action against the housing finance company for its inability to repay its bondholders. The Delhi High Court will hear the case further on May 19, 2020.

This has added to the worries of mutual fund houses that now fear other NBFCs will follow the same path.

The capital market regulator, only recently (a few days ago) following the three moratorium by RBI (due to disruptions caused by COVID-19 pandemic) has relaxed the valuation norms for debt and money market instrument held by mutual funds vide a circular dated April 23, 2020, wherein it states as under:

  • Based on assessment, if the valuation agencies appointed by AMFI are of the view that the delay in payment of interest/principal or extension of the maturity of a security by the issuer has arisen solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by Reserve Bank of India (RBI) (vide notification no. RBI/2019-20/186, dated March 27, 2020) creating temporary operational challenges in servicing debt, then valuation agencies may not consider the same as a default for the purpose of valuation of money market or debt securities held by Mutual Funds.

    However, in the scenario, as stated above, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted.

But then what is the point of coming up with these valuation norms as an afterthought, and not in close synchronisation when the RBI came with its notification a month ago?

The damage now is already done and companies are anyways approaching the Courts to prevent a rating downgrade.

Let's say shares of a company are pledged and to recover the proceeds -- if they cannot be sold due to a court order -- then such lending would be as good as unsecured lending.

Also, why should that not be construed as an instance of deviation from the stated fundamental attributes of a debt mutual fund scheme? After all, mutual fund investors invest in debt fund schemes taking into account a certain level of risk. Change in the risk profile of a scheme is a change in the fundamental attribute/s.

According to India Ratings, NBFCs having the asset base of Rs 500 crore to 5,000 crore, largely fall between "A" and "BBB" rating categories.

The mid-path could be a decision on payment or deferring the payment in consultation with all stakeholders, including debenture trustees. The industry will require a blanket resolution because a case-to-case resolution approach is cumbersome and may create more chaos.

Unless the RBI takes a clear stance on NBFCs and other financial institutions, mutual fund houses are likely to feel the heat of redemptions. Suppose, there's no further statement issued by the banking sector regulator; mutual funds will have to be prepared to handle large-scale defaults, which might look inevitable. After all, a majority of NBFCs' customers are retail borrowers and they enjoy a moratorium on the EMI payment for 3-months. This has been the trickiest part for NBFCs.

While COVID-19 outbreak has been the genuine reason for the potential defaults this time, asset-liability mismatches of NBFCs are well-known. Many NBFCs have gone overboard with cheap credit available during stable market conditions. Their credit underwriting has been questioned widely. The industry has also witnessed belly-up instances such as IL&FS and DHFL. Many mutual fund houses have burned their fingers badly in such defaults.

At the time of writing this piece, to ease the liquidity pressure on mutual funds, the RBI today decided to provide a special liquidity facility of Rs 50,000 crore for mutual funds. Under this facility, the RBI will conduct repo operations of 90 days tenor at the fixed repo rate. This will be on-tap and open-ended, and banks can submit their bids to avail funding on any day from Monday to Friday (excluding holidays). The scheme is available from today i.e., April 27, 2020, till May 11, 2020, or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.

The RBI has stated further that the liquidity support availed under the Special Liquidity Facility for Mutual Funds shall be used by banks exclusively for meeting the liquidity requirements of mutual funds by, 1) extending loans; and (2) undertaking outright purchase of and/or repos against the collateral of investment-grade corporate bonds, CPs, debentures and certificates of Deposit (CDs) held by mutual funds.

Having taken this measure, keep in mind that it does not make investing in debt mutual funds risk-free. Considering the prevailing investment environment, you should stay away from mutual fund schemes whose portfolio characteristic appears compromised. Also, avoid credit risk funds and corporate bond funds as they are likely to be more vulnerable amidst the financial crisis followed by COVID-19 pandemic.

As a thumb rule: Choose mutual fund schemes from fund houses that follow prudent judicious investment processes and stringent risk-management systems.

In these uncertain times, it would be wise sticking to liquid funds and overnight funds while considering debt funds.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity.

As with all financial matters, better be safe than sorry!

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

Each fund recommended under FundSelect goes through our stringent process, where they are tested on both quantitative as well as qualitative parameters.

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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COVID-19 impact: Nick Kyrgios to fulfil free food promise

Australian tennis star Nick Kyrgios has apparently followed through on a promise to help people going hungry in the coronavirus shutdown, with social media images showing boxes of essential items prepped for delivery.

The controversial Kyrgios, infamously outspoken and known for his fiery on-court antics, said on Monday he would personally drop food on doorsteps after COVID-19 restrictions closed down entire industries, forcing huge numbers of people out of work across Australia. People queueing for welfare payments across the country have been likened to scenes from the Great Depression. "Please don't go to sleep with an empty stomach," Kyrgios, the world number 40, posted on Instagram Monday. "Don't be afraid or embarrassed to send me a private message. I will be more than happy to share whatever I have.

"Even just for a box of noodles, a loaf of bread or milk. I will drop it off at your doorstep, no questions asked!" he said in a post that attracted almost 100,000 likes. His mother, Norlaila Kyrgios, posted on Instagram over the weekend a photo of a table laden with food -- including bread, fruit and canned goods -- with the caption "dining room or food distribution centre".

Images of Canberra-based tennis star's Instagram stories shared on News Corp websites showed boxes of essentials captioned "deliveries in progress". It comes just months after the 24-year-old led a bushfire relief campaign that raised millions of dollars. Kyrgios gave Aus$200 (US$125) for every ace he hit across his home tennis summer, which ran until the end of the Australian Open. Other players and Australian Open organisers jumped on board the fundraising drive, also contributing large sums to people affected by the deadly fires.

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COVID-19 impact: Rafael Nadal 'very pessimistic' about return of tennis

Rafael Nadal said on Sunday that he was "very pessimistic" over a full resumption of the professional tennis circuit which has been halted by the coronavirus pandemic. "From my point of view, I'm very pessimistic that the circuit can resume a normal activity," said the world number two in a virtual chat origanized by the Spanish Federation of Tennis (RFET) involving the team that won last year's Davis Cup.

"In tennis, you need to travel every week, stay in hotels, go to different countries," Nadal said. "Even if it we play without an audience, to organise any event you need a lot of people involved, which cannot be ignored. At an international level I see a serious problem." Nadal said he hoped that restrictions can be relaxed gradually, but added that he was aware that the global health situation is serious. "We have had a very tough month and a half, with many irreparable losses as well as others that are less important that will still bring great suffering to society, I hope only for a few months, at the economic level," he said.

"Many people are going to lose their jobs." "These are sad moments when you see so many people dying," he said. Nadal had already told Spanish radio that he thought it would be "difficult" to stage one of the majors "in the short or medium term." Nadal has been working with his friend Pau Gasol, the Spanish basketball player, to raise funds in the fight the coronavirus. Along with other leading tennis players such as Roger Federer and Novak Djokovic, Nadal is one of the promoters of a plan to create a fund to help low-ranked players who are suffering financially.

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Tax-News.com: Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies

In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income.




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Please let me know the advantages of GST, sectors will get impacted,products become costly (VALLUKANNA)

I request you to kindly give me your advise on GST which is going to be implemented very shortly. Thanks and Regards, Varadarajan Kasturi..




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Some Brokerages offer zero brokerage while some old brokerages charge 0.5% and above. Is it wise to open account with zero brokerage company? (SHEIK)

Can I Open account with zero brokerage company for share buy/sell.Whether it is safe? Please clarify..




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Worst Week for Global Stock Markets: Coronavirus Impact in 10 Points

Posted by Equitymaster
      

With stock prices gyrating every day to coronavirus related developments, the weekend must come as a relief.

Here's a look at how deep the impact has been felt in the global financial markets:

  1. Stock markets worldwide saw sharp losses on Thursday, with the benchmark indices on Wall Street and London saw their steepest daily falls since the Black Monday in 1987.
  2. In the US, stocks witnessed a sharp sell-off on Thursday.
    • Thursday's dive follows the intense fall on Wall Street seen throughout the week. The S&P 500 triggered the first circuit breaker of the week on Monday after falling 7%. This fall came after the crash in crude oil prices.
    • The markets bounced back Tuesday, only to retreat on Wednesday after the World Health Organization (WHO) declared the coronavirus a pandemic.
    • At the closing bell, the Dow Jones Industrial Average finished down around 2,350 points (down 10%). The S&P 500 plunged 9.5%, while the Nasdaq Composite Index tumbled 9.4%.
    • Stocks were deep in the red the entire session, which was paused for 15 minutes early in the day. Automatic suspension was triggered after the S&P 500's losses hit 7%.
    • On Thursday, equities erased their losses briefly after the US Federal Reserve announced measures to inject an additional US$ 1.5 trillion in cash into financial markets. The announcement, which came after European markets had closed, sent shares higher, but they dropped back by the end of the day.
  3. Coming to the European markets now, the main UK index dropped more than 10% yesterday in its worst day crash since 1987. Losses on the UK's FTSE 100 wiped some 160.4 billion pounds in wealth from the market.
  4. Frankfurt had its worst day since 1989, the year the Berlin Wall fell, while Paris suffered its biggest one-day loss on record.
  5. However, European stock markets rallied this morning. The signs of a US stimulus package helped soothe fears about an economic shock. At the time of writing, European indices were trading mixed. Shares in London were up 4.1%, while the Paris CAC gained 3.5%. However, the Frankfurt DAX crashed 9.3%.
  6. Stocks in Asia also saw consistent sharp falls throughout the week. Japan's benchmark Nikkei 225 index closed 6.1% lower today.
  7. Shanghai was down around 1% as the number of new cases in China shrunk and people slowly returned to work in the worst-hit areas.
  8. In Asia, circuit breakers were also triggered in many exchanges including India, Japan, South Korea, Indonesia, Thailand, and the Philippines this week.
  9. Indian share markets saw their biggest ever single day fall this week. The indices today hit their lower circuit limits within 15 minutes of the opening session. This was seen the first time in 12 years that trading in Indian markets had to be halted. The carnage didn't continue, however, as Indian indices recovered after major free-fall as trading resumed after 45-minute halt.

    From there on, it was an upward rally as markets went on to witness buying interest and saw their biggest intraday recovery ever.
  10. On a year-to-date (YTD) basis, the worst fall has been witnessed by European markets. Here's a view on how the world markets have performed since January 2020.
  11. US Markets European Markets Asian Markets
    The Dow Nasdaq S&P 500 London Paris Germany Hang Seng Nikkei 225 Shanghai Sensex
    -27% -21% -24% -31% -33% -32% -16% -25% -6% -17%

    This worldwide crash has put March 2020 into the history books. Now, how markets perform in the coming days will be something to watch out.



    This article (Worst Week for Global Stock Markets: Coronavirus Impact in 10 Points) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Current crop of players can't be compared with Dravid, Sachin: Mohammad Yousuf

The current crop of players cannot be compared to the likes of Rahul Dravid, Sachin Tendulkar and other past stars, according to former Pakistan batsman Mohammad Yousuf.

Yousuf, who faced the Indian team a number of times in bilateral series across formats and in the World Cup in his playing days, said that in the past, all teams had a few players who were of high quality.

"In the past, teams, such as India, Australia and South Africa, had three-four quality players in the side. India, for example, had players like (Rahul) Dravid, Sachin (Tendulkar), (Virender) Sehwag, (Sourav) Ganguly, (VVS) Laxman and Yuvraj Singh. These six batsmen were playing in a single team," said Yousuf during a TV show as quoted by Cricket Pakistan.

"The current Indian team does not have such batsmen. You can't compare the current players (such as Virat Kohli and Rohit Sharma) with the class of Sachin and Dravid," he said.

Kohli is constantly rated as the best batsman in the world. In ODIs, he is the second highest run-scorer for India of all time with 11,867 runs in 248 matches at an average of 59.33. He is only behind Sachin Tendulkar who scored 18426 runs in 463 ODIs and is ahead of the likes of Dravid, Sourav Ganguly and Yuvraj Singh despite having played far lesser ODIs than them.

Rohit Sharma has scored 9115 runs at an average of 49.27. In Tests, Kohli is the sixth highest run-scorer of all time with 7240 runs at an average of 53.62 in 86 matches.

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COVID-19 impact: No match fees for West Indies cricketers since January

West Indies cricketers haven't received their match fees since January as Cricket West Indies (CWI) seem to be struggling to generate funds amid coronavirus pandemic which has stalled the game.

According to a report published in ESPNcricinfo, international West Indies men players have not been paid their match fee for the Ireland series at home and the subsequent tour of Sri Lanka in February-March.

Meanwhile, international women players of the country are owed match fees for the four matches they played in the Women's T20 World Cup held in February-March.

"Cricket West Indies is facing a tough time financially," CWI chief executive officer Johnny Grave told ESPNcricinfo. "Whilst all of our contracted players have received their salaries and allowances, and some players have received prize money and match fees, there is still money that is outstanding and we are trying to settle these player payments as a priority."

"We are two months behind making match fee payments," he added.

West Indies players' association secretary Wayne Lewis revealed players have been receiving their allowance salaries but not their match fees.

"The players who are contracted, their monthly salary (and allowances) are up-to-date," Lewis said. "The problem we are having is the retained players in the regional first-class competition have not been paid their match fees for the eight rounds that have been played so far."

Former Pakistan captain Ramiz Raja has also pointed out that it will become increasingly difficult for cricket board across the world to continue giving salaries to players and staff if matches are not held in the near future.

"Cricket fans are starved now and the coronavirus pandemic has brought life to a standstill but I don't think cricket boards can survive for long like this. They can't continue to pay out salaries and expenses without having cricket activities it would be disastrous for them," Raja said in a video uploaded on his Youtube channel.

"I would also urge the Pakistan Cricket Board to think on these lines and hold talks with other boards to see how cricket activities can be resumed even behind closed doors."

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COVID-19 impact: Australia's July UK tour unlikely, says David Warner

Veteran batsman David Warner believes Australia's upcoming limited-overs tour of England will be scrapped because of the coronavirus pandemic. The Australians were scheduled to play three one-dayers and three Twenty20 matches against England in July. But last week the England and Wales Cricket Board delayed the start of their season until July 1 at the earliest and players may need some warm-up cricket before returning to the international arena.

There has been speculation the tour could be delayed until September, but Warner was doubtful if it would go ahead. "At the moment it's highly unlikely we're going to go over there given what's happened in England," Warner told cricket.com.au. He said the fact British Prime Minister Boris Johnson had been hospitalised with COVID-19 showed the gravity of the problem in the host nation.

"He's back up on his feet now and that's fantastic news, but there's a lot more to this than just sport being played," Warner added. Australia have already cancelled a two-Test tour of Bangladesh in June, and a limited-overs home series against Zimbabwe is also in doubt. Australia are due to host the Twenty20 World Cup in October-November, for which the International Cricket Council has said it is "exploring all options".

Cricket Australia is particularly keen to go ahead with a Test series against India due to be played after the T20 tournament, warning this month it could lose hundreds of millions of dollars if it were scrapped.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Gautam Gambhir: Rohit has an edge over Kohli because of the impact he has

Former India opener Gautam Gambhir feels that Rohit Sharma has made of an impact in white ball cricket as compared to Virat Kohli despite the Indian skipper's staggering statistics in shorter formats. Gambhir however, believes that Kohli will end up scoring more runs than Rohit. "For me, white ball cricket is all about impact. Kohli will end up getting many more runs than Rohit, and Kohli is among the greatest right now but Rohit has an edge over Kohli because of the impact he has," Gambhir said on Sports Tak, according to the India Today website.

Record-breaking stuff
"I think Rohit is the best white ball cricketer in the world right now. He is not the greatest overall but at the moment he is the best. He is the only player to have hit three ODI double hundreds, five World Cup hundreds [in one edition] and he is also the only player, who if he gets past the 100-run mark, makes people feel that he missed a double century [if he gets out]." Comparing Kohli and Rohit further, the 2011 World Cup winner said, "It is very difficult to compare them. Virat is unbelievable. His stats prove that. But when your reputation is such that when you get out after a hundred, people say he has missed out on a double hundred, that speaks volumes about you."


Virat Kohli. Pics/AFP

Rohit, 33, has 9115 runs from 224 ODIs at an average of 49.27 at a strike rate of 88.92. He has 29 hundreds and 43 fifties. In T20Is, Rohit has 2273 runs from 108 matches at an average of 32.62 and a strike rate of 138.78. Kohli, 31, meanwhile, has 11,867 runs from 248 ODIs at 59.33 and a strike rate of 93.25. He has scored 43 centuries and 58 half centuries. Kohli has 2794 runs from 82 T20Is at an average of 50.80 and a strike rate of 138.24.Gambhir felt that former India captain Mahendra Singh Dhoni had a key role to play in supporting Rohit and now it was time for Kohli and Rohit should groom youngsters in the current Indiah team in the same way.

'Groom youngsters now'
"Rohit is the prime example of how a player's fortunes can turn around if he is nurtured by the seniors. I hope the young cricketers in the current generation, be it Shubman Gill or Sanju Samson, they also get the similar kind of support. And now when Rohit is a senior, I expect him to back youngsters."


Gautam Gambhir

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16 killed in Canada shooting rampage

A man disguised as a police officer went on a shooting rampage in Canada's Nova Scotia province, killing 16 people, in the deadliest such attack in the country's history, officials said, adding that the suspected gunman was also dead.

On Sunday, several bodies were found inside and outside a residence in the small town of Portapique, about 100 km north of Halifax, what police called the first scene, the Canadian Broadcasting Corporation (CBC) said in a news report.

Bodies were also found at other locations.

Overnight, police began advising residents of the town, already on lockdown because of the coronavirus pandemic, to lock their doors and stay in their basements.

Several homes in the area were set on fire as well.

Police identified the man believed to be the shooter as Gabriel Wortman, 51, who was thought to live part-time in Portapique.

Authorities said he wore a police uniform at one point and made his car look like a Royal Canadian Mounted Police (RCMP) officer.

Police first announced that they had arrested Wortman at a gas station in Enfield, outside Halifax, but later said he had died. It was not clear how, and they did not explain further.

RCMP spokesman Daniel Brien confirmed that 16 people had been killed in addition to the suspect, the CBC reported.

While they believe the attack did not begin as random, police did not say what the initial motive was.

RCMP Chief Superintendent Chris Leather said many of the victims did not know the shooter.

"That fact that this individual had a uniform and a police car at his disposal certainly speaks to it not being a random act," Leather was quoted as saying in the CBC news report.

He added that police believe he acted alone, adding that gunfire was exchanged between police and the suspect at one point.

In an update on Sunday evening, RCMP Commissioner Brenda Lucki said the incident was not being considered terror-related at this time.

Lucki said she believed the shooter had an initial "motivation" at the beginning that "turned to randomness".

"This is one of the most senseless acts of violence in our province's history," the CBC report quoted Nova Scotia Premier Stephen McNeil as saying.

In a statement, Prime Minister Justin Trudeau said: "As a country, in moments like these, we come together to support one another. Together we will mourn with the families of the victims, and help them get through this difficult time."

The number of victims in the Sunday rampage exceeds the shooting at Montreal's Ecole Polytechnique in 1989, which killed 14 women and injured 14 others in 1989.

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Tax-News.com: Turkey Props Up Airlines Impacted By COVID-19 With VAT Relief

On March 23, 2020, the Turkish Government published a resolution in the official gazette to temporarily reduce the rate of VAT on air passenger transport to one percent.




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Tax-News.com: South Africa Guides On Impact Of April VAT Hike

South Africa has issued a guide on the value-added tax rate increase to 15 percent from 14 percent due to take effect from April 1, 2018.




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Coronavirus impact: Smartphone shipments to dip 48% in June quarter

COVID-19 will lead to fundamental, and possibly, permanent behavioural changes in the way people shop, consume media and how they regard the brands they do business with, said Prabhu Ram of CMR




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Xiaomi Mi 10 vs OnePlus 8 Pro: A quick comparison of two flagship phones

Xiaomi has finally launched the Mi 10 in India, and with starting price of Rs 49,999, it goes up against the likes of the OnePlus 8 and the OnePlus 8 Pro, which were recently launched in India. Here it is compared with the OnePlus 8 Pro.




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Coronavirus impact: What Indian companies need to do to survive in a post COVID-19 world

Companies' success in the next 18 months won't be determined by their growth or profitability, but merely by their ability to survive and not run out of cash




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$1.5 billion impact! Coronavirus lockdown, supply disruptions badly hit pharma exports

According to figures declared by the Pharmaceutical Export Promotion Council of India (Pharmexcil), pharmaceutical exports registered a growth of 11.21 percent during the first quarter of FY20