We have a lot of great stuff happening this week, including a gorgeous new jewelry piece and a virtual convention appearance this Friday! And don’t forget: We also have a cosplay contest running, a series read-along on Goodreads, discounts going on the first three Dresden novels, and a mini-giveaway of coloring pages in exchange for [...]

via http://www.visual-journal.net/

People from an ethnic minority are disproportionately affected by covid-19. Researchers say the reasons are rooted in existing social and healthcare inequalities

Many people are turning to virtual therapy and mental health apps to cope with the stress of the coronavirus pandemic, but they may not be as helpful as talking face to face

Coronavirus has robbed the Democrat of his typical back-slapping approach as he faces growing scrutiny and a third-party challengeThe Tampa, Florida, rally for Joe Biden on Thursday evening began as it normally might have, before a once-in-a-century pandemic transformed all aspects of American life, including the presidential campaign. A local high school student recited the pledge of allegiance, a campaign organizer pleaded with supporters to volunteer and a local DJ spun R&B music between speakers.But in a sign of how profoundly the coronavirus crisis has reshaped American politics, that was where the similarities ended.With much of the US still in lockdown, the presumptive Democratic presidential nominee has been forced to take his campaign to unseat Donald Trump online. It has not always been easy.His campaign’s first attempt to recreate a traditional rally – part of a virtual swing through the battleground state of Florida – was later described by his opponents as an “unmitigated technological failure”. The video stream was glitchy and pixelated. The audio was choppy, rendering some remarks nearly incomprehensible. And there were lengthy delays between speakers and at one point, the feed went dark for several minutes.“Am I on?” asked Biden, beaming into the telecast from his home in Wilmington, Delaware, where he has been isolated since the middle of March. An off-camera voice replied that he was. Biden removed a pair of aviator sunglasses as he walked toward the camera.“Good evening, Tampa. Thanks so much for tuning in,” he continued, a hint of irritation in his voice. “I wish we could have done this together – and it had gone a little more smoothly.”For nearly two months, Biden has been the test subject in a novel political experiment: running for president in the age of Covid-19.Social distancing restrictions imposed to stop the spread of the virus have already starved the campaign of a victory tour to mark his ascent to the Democratic nomination. It may well deny Democrats the chance to formally nominate him in person at the party’s national convention this summer. Endorsements from former rivals and party leaders occur online to varying degrees of fanfare. . The remote set-up, anathema to Biden’s back-slapping, glad-handing approach to politics, has left the candidate walled off from voters and competing for visibility.Yet, technical difficulties aside, his campaign of confinement seems to be working.In recent weeks, Biden has widened his lead over Trump as the president’s support slips amid growing disapproval of his response to the pandemic. Surveys from Pennsylvania, Michigan, Wisconsin, Florida, North Carolina and Arizona – key battlegrounds that Trump won in 2016 – show Biden ahead. At a recent virtual fundraiser last week, Jennifer O’Malley Dillon, his new campaign manager, expressed optimism about Biden’s prospects in Florida and Arizona.“The natural state of this race is to be a referendum on Donald Trump and every time Donald Trump steps to the microphone he hurts himself,” said Mark Mellman, a veteran Democratic pollster. “That’s a pretty good position for Joe Biden to be in.”Biden initially struggled to adapt to his cloistered reality. In March, the campaign turned a recreation room in the basement of his home into a studio, though not fast enough for his critics, who launched a “Where’s Joe” campaign to mark the candidate’s relative disappearance from the national stage.But since then, Biden has been busy. Nearly every day he makes appearances on local TV news channels or national talkshows. He launched a podcast, where he has hosted conversations with prominent Democratic governors and potential vice-presidential candidates. He spends time each day speaking with a voter – a frontline worker, campaign volunteers – and he participated in what the campaign billed as a “virtual rope line”.“So what’s up?” he said to Ashley Ruiz of Fort Lauderdale, Florida, one of several voters on the rope line. “Tell me about your situation, Ash.”•••Biden’s rise in the polls comes as he contends with an allegation from Tara Reade, a former aide in his Senate office who accused him of sexual assault in 1993. In an interview this week with Megyn Kelly, the former Fox News and NBC television host, Reade said he should withdraw from the presidential race.Biden has forcefully denied the allegation. “It’s not true, I am saying unequivocally. It never, never happened,” he said last week, in an interview addressing her claim for the first time publicly.Publicly, Democrats, including prominent MeToo advocates, have rallied around Biden, though privately some in the party have expressed concern about the continuous drip of reporting on the matter.So far the allegation appears to have marginally dented his reputation, but not his lead. Most voters – 86% – are aware of the allegation, according to a Monmouth poll, which found the electorate divided over whether they viewed the claim as credible. At the same time, the poll showed Biden nine points ahead of Trump.Despite Trump’s falling electoral fortunes, many Democrats remain anxious about Biden’s position – and his strategy.David Axelrod and David Plouffe, two of Barack Obama’s top campaign strategists, implored Biden’s campaign to expand its digital footprint in a joint New York Times op-ed that compared the atmospherics of the candidate’s home videos to “an astronaut beaming back to earth from the International Space Station”.“Online speeches from his basement won’t cut it,” they wrote.Lis Smith, the former top adviser to Pete Buttigieg’s presidential campaign, followed with an op-ed on Thursday that offered a blueprint for turning Biden into the “hottest bad boy and disrupter in the media game”. She suggested his campaign use TV appearances and digital content to highlight Biden’s empathy, a trait even supporters say the president has lacked in response to the rising coronavirus death toll.Part of the campaign’s evolving digital strategy includes partnering with groups that already have an online presence, like JoeMamas2020, a national coalition of “moms, caregivers, moms to be, aunts & all the parental figures in between” with about 27,000 Facebook and 1,200 Twitter followers. The group has helped amplify Biden’s appearances and policy proposals while spreading the word about upcoming events.Julie Zebrak, the group’s co-founder, said the online army is growing with women energized to help elect a candidate who would end the Twitter presidency.“We are all extremely enthusiastic for Joe Biden to beat Donald Trump,” she said.Yet the same traits that endear Biden to a growing coalition of suburban women and Never Trump Republicans have largely failed to excite younger, progressive voters. It’s not that they prefer Trump – they don’t – but a lack of enthusiasm among those voters could spell trouble in November if they stay home or vote for a third-party candidate.The campaign has also ramped up its outreach to young people, who overwhelmingly supported Biden’s rival Bernie Sanders. On Friday, Biden presented his economic pitch in an appearance on NowThis, a social-media-heavy news outlet with a young, progressive audience.“This crisis hit harder and will last longer because Donald Trump spent the last three years undermining the core pillars of our economic strength,” Biden said in remarks that attacked Trump’s stimulus efforts a kind of “cronyism” and corporate welfare. Before he began speaking, Biden removed a face mask, a pointed rebuke of the president who had refused to wear one.Still, new research conducted on behalf of NextGen America found many young people weren’t convinced Biden’s policies meet the scale of the challenges bearing down on their generation.This makes the efforts of groups like Progressive Turnout Project, which endorsed him this week, all the more important. In the coming months, the group is investing more than $52m to turn out low-propensity Democratic voters – including young people and people of color – in 17 key battleground states.“The best thing we can do is go and knock on doors and have face-to-face conversations with voters,” said Alex Morgan, the group’s executive director. “We are still looking to do that. But it’ll be knocking on that door and then taking a few big steps back and having a more distant conversation.”•••Biden’s campaign also faces another looming threat. The Michigan congressman Justin Amash, who left the Republican party last year after voting to impeach Trump, recently announced that he would seek the Libertarian party nomination.His entrance has alarmed Democrats, who fear he could siphon off Never Trump voters who might otherwise back Biden, particularly in Amash’s home state of Michigan, where third-party candidates pulled away a combined 5% of the vote share in 2016. Hillary Clinton lost the state by just 10,704 votes, less than 0.25%.Many Democrats believe Biden’s fate may well rest on his ability to persuade their own side to vote.“Trump has shown no desire or ability to moderate for those swing voters in this election,” said Addisu Demissie, who served as Cory Booker’s presidential campaign manager. “So those voters are now likely going to end up either Biden voters or non-voters or third-party voters, and that’s the competition.”This week, Trump traveled to the battleground state of Arizona, where he toured a medical mask facility without wearing one himself. The visit was a symbolic show of his administration’s push to reopen the US economy but there were unmistakable elements of his signature campaign rallies, including the music that played when Trump finished his remarks (the Rolling Stones’ You Can’t Always Get What You Want).Trump’s cross-country venture stood in striking contrast to Biden’s virtual swing through Florida – which included a rally, a roundtable in Jacksonville and an appearance on the local news in Tampa. The technical glitches only further highlighted the limitations of his confinement.But the coronavirus has also upended Trump’s strategy, erasing the booming economy he has made a centerpiece of his re-election campaign. In recent weeks, his campaign has all but abandoned championing the president’s leadership, instead focusing its efforts on diminishing Biden.Trump’s campaign manager, Brad Parscale, previewed the onslaught on Twitter this week, comparing the Trump re-election juggernaut to the Death Star from the Star Wars movies. “In a few days we start pressing FIRE for the first time,” he wrote.As Trump prepares to make even greater use of the advantages of incumbency, Biden faces his biggest test yet. Can he really lead a Rebel Alliance from his basement?

Biden has repeatedly denied Reade's allegation.

Video calling technology is helping people share their special day with others during lockdown.

Three-time National Award-winning actor Naseeruddin Shah is utilising a substantial part of his lockdown hours catching up on the plays of William Shakespeare. "I am one of those people who can stay at home and enjoy a lot of indoor. I am watching movies, reading books. I have started helping in the kitchen that I kind of stopped after marriage. I did not cook for a long time. I am reading a couple of plays of Shakespeare to my son. We are spending quality time," the veteran actor told IANS.

Shah has two sons, Vivaan and Imaad, both actors. His 2017 film, "The Hungry" directed by Bornali Chatterjee, was a modern day adaptation of Shakespeare's "Titus Andronicus".

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Coolpad 'Note 6'. Pic courtesy/Twitter

Chinese handset maker Coolpad launched 'Note 6', an offline exclusive product in India on Tuesday. Two of the most notable features of Note 6 are 5.5-inch HD display and 8MP+5MP dual front cameras. The company in a statement said that smartphone will be available from Tuesday in 32GB and 64GB internal storage variants with 4GB RAM for Rs 8,999 and Rs 9,999 respectively.

Note 6 is powered by a Qualcomm Snapdragon 435 chipset, backed by 4,070 mAh battery and runs on Android 7.1 Nougat Operating System (OS). "Coolpad 'Note 6' will offer a great value for money smartphone for Indian customers," said Syed Tajuddin, CEO, Coolpad India.

"We are also planning to introduce more aggressive offline devices in the next few months to expand in the offline market through our retails partners and multi-brand outlets," Tajuddin added.

Coolpad "Note 6" will be available at over 300 multi-brand stores across eight states including Delhi-NCR, Telangana and Maharashtra.

(Edited by mid-day online desk, with inputs from IANS)

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A major fire broke out at a Big Bazaar outlet in Matunga West area on Monday afternoon. As per reports, the fire broke out in a ground-plus-one building housing. However, no casualties have been reported so far.

Several Fire Brigade personnel, one ambulance and a Quick Response Vehicle reached the spot to douse the flames. Five fire engines have also been deployed at the spot, said the officials.

All the people inside the store at the time of the fire were reportedly were to rushed out to safety and no casualty has been reported as yet. Firefighting operations were continuing.

A similar incident occurred last week in South Mumbai. According to reports, a fire broke out at the famous Crawford Market area. Reports also state that four fire engines were immediately rushed to the spot.

The fire engines are currently making efforts to douse the flames at Crawford Market. No casualty was reported in the incident, he said.

The blaze erupted around 10.50 am at the shopping centre located behind a mosque on Abdul Rahman Street and spread rapidly in the complex, the official said.

Several electronic goods, plastic, stationery items and electric installations were gutted in the fire, he said.

Four fire engines, as many water tankers, and a quick response vehicle were rushed to the spot, he said. The fire brigade personnel managed to extinguish the flames after hectic efforts for about an hour, he said.

Also Read: Mumbai: Major fire at a chemical plant in Dombivli MIDC

The exact cause of the blaze was yet to be ascertained, the official said, adding that a probe was on into the incident.

(With inputs from PTI)

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Sexual harassment is one of the most unfortunate acts that can happen in a workplace. It is a crime in its truest form that puts a woman’s safety and security in question. Sexual harassment is not only difficult to experience, but also an adverse event that is difficult to eliminate. We have heard stories related to sexual harassment in workplaces several times and about female employees getting wrong hints from their male colleagues (managers at times), dirty looks, unwanted dinner invitations, being touched inappropriately or hearing lewd comments. Sexual harassment should be dealt smartly and tactfully. We have listed six such measures to tackle sexual harassment in a workplace:

1. Get in touch with the HR team: Almost every organization has a dedicated Human Resource cell that looks after anti-harassment policies. A woman who falls prey to sexual harassment should immediately get in touch with the anti-harassment team of the HR division for immediate action against the accused and his untoward behavior. Also, the HR team possess good knowledge of anti-harassment policies, which they should implement without any delay.

2. Document the situation: Do not endure sexual harassment and report it immediately. Find out if there are other victims also, gather witnesses and secure the statement of witnesses in written. Also, find out if there are any video recording or CCTV footage of the event. Put all documents and video recordings in front of the HR or top management while complaining.

3. Inform the supervisor: Whoever is harassing you, be it your team member or somebody from other teams, inform your immediate supervisor about the entire incident. Write an official email citing the incident and request the supervisor for a personal meet. A supervisor has the right to know about what is going on with the team members.

4. Draw a line: It is good to engage in jokes and informal talks with colleagues, but do not forget to draw a line and maintain a gap between you and the male colleagues. Be direct and straightforward and speak up when you are not liking their attitude or behaviour towards you. Ask them to stop their 'over-funny' acts and not to cross limits. This will help you tackle sexual harassment in the initial stage right after you get wrong vibes.

5. Talk to the harasser: Do not stay away from the accused and speak with him directly. If he does not apologize and discontinue doing so, let him know that you are going to file an official complaint for being sexually harassed at workplace. If he still continues to harass, take strict and immediate action. Women have the right to go for legal actions too. 

6. Get in touch with senior management: If everything fails and your supervisor cannot take any action against the event, get in touch with the senior management of the organization. Put forth all evidences including video footages and written statements and let the senior management know about it. Ensure that the management handle the situation tactfully and take strict steps against the accused.

Many women who are victims of sexual harassment tend to stay quite because of threats or the fear of losing their jobs. However, this is not the solution to prevent sexual harassment. Women must raise their voice if they are molested or sexually abused in their workplaces. Only if their voices are raised, they will get the strength to fight against such ill acts.

Based on a discussion with Minister for Women and Child Development Maneka Gandhi, the DoPT (Department of Personnel & Training) issued fresh guidelines regarding 'sexual harassment of women at workplace' in December 2016. Following are the guidelines the DoPT issued:

1. Brief details of the implementation of the Sexual Harassment of Women at Workplace Act including the number of cases received and disposed shall form a part of the Annual Report of all ministries/ departments and authorities there under.
2. The enquiry of cases must be completed within 30 days and under any circumstances within 90 days from the date of the complaint.
3. The ministries/ departments etc. have to keep a watch on the complainant so as to ensure that she is not victimized in any manner because of her having filed the complaint. The aggrieved woman has been given further option to send representation to the Secretary or head of the organization in case she feels that she is being victimized because of her complaint. The concerned authority will be required to dispose of this complaint within 15 days.
4. All ministries/ departments etc. are now required to submit a monthly progress report to the Ministry of Women and Child Development so that the progress can be monitored.

Avengers: Endgame
U/A: Action, Adventure, Fantasy
Director: Anthony Russo, Joe Russo
Cast: Robert Downey Jr, Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson
Rating: 

How does one put together words about a film that, for all practical purposes, anything and everything you write, is likely to be misconstrued/diagnosed as a spoiler?

Suffice it to know that this expectedly dramatic conclusion of Marvel's three-part Infinity Saga is a relatively internalised, deep and sober film, concerned more with the motivations of super-heroes, the choices before them, and what they should pick, in order to take on super-villain Thanos—of course.

For one, the earth is a much quieter place, since as you're aware, its species have been annihilated, decimated by Devil Thanos, ever since he got his hands on the infinity stones, and went on to execute the bizarre plan of supposedly ethical ethnic cleansing—randomly ridding planets of half its populations, to make them more sustainable, by restoring balance of sorts, as it were.

Of course, there will be survivors. And Iron Man or Tony Stark (Robert Downey Jr), to start with, is thankfully rescued or reunited with the human family back home. So is Hawkeye (Jeremy Renner). Both of them, like all the others, seem to be somberly dealing with the aftermath of a universal tragedy.

Surely, you have your own favourites from this cinematic universe (and how can Iron Man not top that list?). But there's something about the inherent cuteness of Hulk (Mark Ruffalo) that saves this franchise's final installment from turning into a complete depresso—left to be downed over rounds of espresso, what with the screen-time running three hours plus.

Also Read: Box Office report: Avengers: Endgame sells 1 million advance tickets in India

Indians might thank their theatres for the usually hated interval. I caught it without one, but didn't miss it either. There's enough material here to keep you engaged, even if to wonder, on occasion, if some of it makes any sense. You may or may not be impressed with the long drawn explanations, but you're only too happy to go with it.

Frankly, I'm no Marvel fanboy/fanatic—if the movie-world is indeed divided into two types, then more the DC demographic. That said, there is an infectious verve and energy that multiple super-heroes bring to this cinematic universe that is hard to not be swayed by, even if an individual or sub-set, Guardians Of Galaxy in particular, may be difficult to appreciate on their own.

Check out the Avengers: Endgame trailer here:

Avengers: Endgame does a fine job of navigating a reasonably cogent script without over-populating the screen. Avengers: Infinity War seemed more overwrought in comparison. I re-watched portions of the 2018 prequel on my phone (for quick revision), which of course means I didn't watch it at all.

For, at the end of the day, battle sequences and pyrotechnics is the point of it all, isn't it? Endgame, despite all the philosophy, is not an exception. It shines gloriously as 3D spectacle on the IMAX screen, ideally viewed from the third-row, from the back—and if you're not on IMAX, then the third row from the front—for a stunningly immersive experience, with such depth of field that the points where the camera focuses on a river, the ripples flowing towards you, you almost feel like you can wade through the frickin' water!

I know, don't need to put in a word (spoilers be damned). Suffice it to know that seldom has the excitement of audiences entering a theatre, matched by those exiting, after a hugely hyped pic. Endgame equals its astounding anticipation. And that's saying a whole lot!

Also read: Avengers: Endgame Box Office Prediction: Will the film open at Rs 50 crore in India?

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Mumbai continued to record a spike in COVID-19 deaths on Wednesday, with the health department confirming 26 casualties, including a first victim in the BMC. The 49-year-old official, who was involved in food distribution in Dharavi — one of the worst hit zones in the city, died on Wednesday.

The civic official was part of the Assessment Department and deputed to the G North ward where he was exposed to the infectious disease. "He had been unwell since April 23 and had stopped coming to work. He had gone to a private practitioner in Borivli where he was treated for pneumonia. He died on his way to Kasturba Hospital from Borivli on Wednesday," said Kiran Dighavkar, assistant municipal commissioner of G North ward.

Dighavkar added that his samples were collected for testing on April 27 and the results came back positive after his demise. He is survived by two sons, and his family members are also being tested, said civic officials.

Across Maharashtra, a total of 597 new infections were reported on Wednesday, taking the total number of confirmed cases in the state to nearly 10,000, state health department officials said. Of the 597 new cases, 475 were from Mumbai, taking the total count in the city to 6,644.

Total number of deaths due to COVID-19 climbed to 432, with the state recording 32 new fatalities on Wednesday. Besides 26 in Mumbai, one death was confirmed in Panvel, three in Pune and one each in Solapur and Aurangabad. Civic officials said 10 of the 26 deaths took place last week and were confirmed on Wednesday.

Meanwhile, the COVID-19 cases continued to increase in Dharavi, with 14 new confirmed infections on Wednesday. The total tally in the area now stands at 344. In Mahim, three people, including a 52-year-old male resident of the police colony and a 48-year-old man who lived near the police station, have been found to be COVID-19 positive.

Test reports of 23 high-risk contacts of the four officials from Mantralaya, who had tested positive, have come back negative. At Bombay Hospital, another nurse, 45, has tested positive. An official from the hospital said that the nurse, a resident of Kandivli, was not working in the isolation ward. She has no symptoms of the novel Coronavirus and has been admitted at the hospital, he added.

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Amid the rising number of coronavirus cases in the city, on Monday, Mumbai's Air Quality Index (AQI) stood in the poor category as the AQI dropped to 133, as per AQI India. The poor category of air quality in Mumbai is an indicator that such air quality can provide difficulty in breathing.

Air Quality Index (AQI) across different parts of Mumbai

According to AQI India, an AQI between 0-50 is considered good, 51-100 is moderate, 101-200 poor, 201-300 unhealthy, 301-400 severe and 401-500 is marked as hazardous. While Mumbai's overall air quality was poor, several parts of the city including Bandra (31 AQI), Worli (42 AQI), Powai (24 AQI), Kurla (44 AQI) reported good air quality. Sion, on the other hand reported AQI of 1094 which as per the AQI parameter is hazardous.

A snapshot of Air Quality Index (AQI) across different cities in India

In other cities of the country such as Delhi (83 AQI), Ahmedabad (90 AQI), Bengaluru (101 AQI) reported moderate air quality which is acceptable for healty adults but may pose a threat to senstive individuals as per the parameter reading.

Data sourced from aqi.in

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The US Anti-Doping Agency has come up with a novel random testing program to cope with the unique circumstances of the coronavirus pandemic. With the United States, like much of the world, under lockdown as authorities try to slow the spread of the virus, USADA has launched a program in which athletes collect blood and urine samples from themselves at home, while being monitored remotely on Zoom or FaceTime by testing personnel.

The test kits were sent to athletes, who must produce samples when they receive an unannounced call from a doping control officer. The officer watches the blood sample being taken, but urine samples are provided in private. The samples are sealed under the eye of the doping control officer and sent to an accredited lab for testing. USADA chief executive Travis Tygart told the New York Times that plenty of top US Olympic hopes were eager to sign up for the pilot project.

Freestyle swimming great Katie Ledecky and athletes Noah Lyles and Allyson Felix were among those who volunteered. "We've been talking about this and laying the foundation for several months," Tygart told the newspaper.

"COVID put that on fast forward and allowed us to roll it out." Ledecky said she "felt very comfortable" administering her first self test this week at her home in California. USADA has built safeguards into the system to limit opportunities for cheating. Although athletes are not observed during collection of urine, they show the monitoring officer the bathroom that will be used, they are timed and the temperature of the sample is recorded to lessen the chances of sample tampering or sample substitution.

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Ferrari's Charles Leclerc claimed a second victory in the Formula One Esports Virtual Grand Prix championship on Sunday, marking his Shanghai win by cooking pasta. Leclerc started on pole and finished ahead of Red Bull's Alex Albon and Guanyu Zhou, who races in Formula 2.

"I'm actually enjoying very much playing, and streaming. And I enjoy it even more when I win," tweeted 22-year-old Leclerc who also has two wins in the real F1 world championship. "But the post-race celebrations are somehow feeling a bit different. "Switching off the computer and go cook white pasta is a bit less glamour than spraying champagne on the podium."

The Formula One world championship has yet to get underway this season due to the spread of the coronavirus. Nine of the scheduled 22 races have either been cancelled or postponed.

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US pop singer Jennifer Lopez, 50, and her baseball star partner Alex Rodriguez, 44, have begun planning for their wedding scheduled to take place soon after the Coronavirus-caused lockdown ends. Jennifer and Alex, who got engaged in March last year, had planned to tie the knot in mid-2020, but were forced to postpone it due to the pandemic. Now, Alex has revealed that they are in talks with their representatives to plan for the special day.

"We had a meeting on Zoom with our core [group of people], kind of just going over what the next 12 months look like and we have three or four different variations of how that can look," Alex said on US TV show Entertainment Tonight. According to the retired baseball star, the online meeting saw them discuss their wedding plans besides work projects and international tours scheduled for next year.

"It's such a fluid world. Usually when you underwrite a year, scheduling or financially, you never think it's going to just stop like this. So we're having to think on our feet and proactively," added Alex, who is in self-isolation at home with JLo and their kids, Natasha, 15, Ella 12 and twins Emme and Max, 12.

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Ferrari star Sebastian Vettel has made his esports debut with the Legends Trophy organised by Torque Esports.

After being supplied with a simulator by Torque Esports company Allinsports, Vettel made his first appearance in esports competition fighting battles with the likes of former F1 racer and two-time Indy 500 winner Juan Pablo Montoya and fellow ex-Formula 1 World Champions Emerson Fittipaldi and Jenson Button.

Vettel's Ferrari teammate Chales LeClerc has been active on various esports platforms, participating from his Monaco apartment. LeClerc has won two virtual F1 races and taken part in a variety of other races.

Vettel finished 15th and 12th, respectively, in his two races but the four-time F1 champion was unlucky in both -- getting caught up in incidents that were not his fault on the rFactor 2 virtual version of the former home of the Malaysian Grand Prix.

Montoya finished the day as the Legends Trophy points leader. He led home Button and ex-24 Hours of Le Mans winner Emanuele Pirro in race one while finishing fifth in the reverse grid race, which was won by Fernandez over factory Aston Martin Le Mans winner Darren Turner and Pirro.

The Colombian was able to avoid first-lap drama in the opening race to take the victory.

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USA'S skiing legend Lindsey Vonn is finding new fun activities to keep herself and National Hockey League (NHL) star fiance PK Subban busy during this Coronavirus-caused lockdown. On Tuesday, Olympic gold medal-winner Lindsey, 35, posted this picture (above) on social media as she washed her SUV, wearing a bikini. "Took an adventure to the drive way [sic]. It was epic. #stayhome #takeabreakwithlandrover," Lindsey captioned her picture that went on to receive over 125,000-plus 'likes'. Lindsey also spelt out her routine during this quarantine period.

 

 

 

View this post on Instagram

Took an adventure to the drive way. It was epic. #stayhome #takeabreakwithlandrover

A post shared by L I N D S E Y • V O N N (@lindseyvonn) onMay 4, 2020 at 8:19am PDT

She begins her day by 8am, feeding her dogs before heading for a workout. "I usually go to the gym but since we're obviously in quarantine, the garage is my jam," she told American magazine US Weekly. Lindsey and Subban tidy up their house together and then engage with their fans via Instagram Live.

NHL star PK Subban

Often, there are work-related meetings for the now-retired champion skier, who is also a successful entrepreneur. "I am working on a few projects so as you can imagine, there is a lot phone calls, Zoom meetings and other business that needs to be done," she said.

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Bollywood actress and former beauty queen Urvashi Rautela seems to be in a holiday mode and says amid lockdown a virtual vacation will do for now. Urvashi took to Instagram, where she shared a photograph of herself in a sea green bikini. In the snapshot she lies on a wooden plank beside the ocean. She completed her look with a pink flower in her hair and sunglasses.

 

 

 

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Sunshine is my favorite accessory. Close your eyes & imagine beach 🤣😂🌊. A virtual vacation will do for now ☀ï¸Â . . . . . . . . . . . . . . . . . . . . . . . . . #love #UrvashiRautela

A post shared by URVASHI RAUTELA 🇮🇳Actor🇮🇳 (@urvashirautela) onApr 26, 2020 at 9:28pm PDT

"Sunshine is my favorite accessory. Close your eyes & imagine beach.. A virtual vacation will do for now," she captioned the image, which currently has 330K likes. Urvashi on Sunday treated her fans to a dance video. In the clip, the actress is seen performing "heel choreography" on the Bollywood number "Aashiq banaya aapne" by Himesh Reshammiya.

Earlier this week, Urvashi's Facebook account was hacked. She warned fans not to respond to posts originating from the account. On the work front, "Beat pe thumka", a peppy wedding number featuring Urvashi has just been released. The song is from her upcoming comedy flick "Virgin Bhanupriya".

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Bollywood's Dhak Dhak girl Madhuri Dixit Nene on Tuesday announced a two-day-long online live dance festival starting from April 29 to mark the World Dance Day.

The dancing diva took to Instagram to announce the virtual dance festival by her dance academy - 'Dance With Madhuri' - and also urged her fans and dance fanatics to register to take part in the festival.

 

 

 

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2 days of fun & learning with LIVE interactions, dance classes & more only at the first edition of #DWMDanceFestival. Get ready to #GrooveInYourRoom with @dancewithmadhuri! (Link in bio)

A post shared by Madhuri Dixit (@madhuridixitnene) onApr 28, 2020 at 7:56am PDT

"With the World Dance Day right around the corner, I am coming to groove in your room on the 29th and 30th of April with the first edition of the DWM dance festival," the 52-year-old actor said.

"We will be offering two days fun and learning with some of the best dancers, choreographers, and industry experts on our website and Instagram page. All this from the comfort of your home," she added.

The virtual dance festival will have some of the greatest dance maestros of India including senior choreographer Saroj Khan, film director Farah Khan and legendary Kathak dancer Pandit Birju Maharaj. The dance festival will stream live on all social media handles of the actor and her website 'Dance With Madhuri.'

World Dance Day is celebrated every year on April 29. As coronavirus induced lockdown remains in place, Dixit has organised the virtual dance festival to help people de-stress and develop dancing skills during the lockdown.

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Bipasha Basu and Karan Singh Grover celebrated their fourth wedding anniversary on Thursday with friends and family — virtually. Bips took to Instagram stories, where she shared a string of photographs and videos, talking to family and friends over video call.

She wrote, "Virtual celebration. First of its kind. Sometimes it's important to lift your spirits (sic)."

Bipasha Basu's Insta stories showed her and husband Karan Singh Grover chatting with close friend actor Ayaz Khan, and virtually feeding him what looks like cake! 

Looks like Ayaz Khan, too, played along!

Bips also shared a lovely video on her wedding anniversary and wrote, "Today is our 4th Wedding Anniversary. Time really flies... so make the best of each and every second... make beautiful memories and only hold onto the good things and feelings and let the rest go."

 

 

 

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There is no emotion that is bigger than love . No other emotion has the tremendous power of Love ❤️ I am blessed to be with someone everyday of my life ,who I love so deeply... each day together we look for small joys which fills us with so much gratitude for our life 🙏 Focussing on love , positivity, faith, belief ,magic and gratitude - that’s our motto❤️ Celebrate love each day ... count your blessings each day... thank life and live it fully each day❤️ Today is our 4th Wedding Anniversary🙏 Time really flies... so make the best of each and every second... make beautiful memories and only hold onto the good things and feelings and let the rest go. Thank you all ,for your wishes and love. Sending virtual hugs and big love to all❤️ Spread love 🙏 #Monkeyversary #monkeylove #stayhome

A post shared by bipashabasusinghgrover (@bipashabasu) onApr 29, 2020 at 6:20pm PDT

Karan Singh Grover and Bipasha Basu met on the sets of the erotic-thriller Alone in 2015 where they played the lead roles. The couple tied the knot on April 30, 2016, in Mumbai. 

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Parineeti Chopra has stepped forward to do more during the coronavirus crisis that is raging in our country. The sensitive actress has decided to go on a virtual coffee date with people to raise funds that will feed 4000 family members of 1000 daily wage earners of our country!

Millions of poor labourers are struggling to access food and rations during the COVID lockdown, and are unable to keep themselves and their families safe. Parineeti has come on board to help raise funds for GiveIndia's Mission: Ration Kit that aims at delivering food to those most affected by the crisis.

 

 

 

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•FOR THE DAILY WAGE WORKERS• You say coffee, I say WITH ME! @fankindofficial @give_india and I have come together for your chance to go on a virtual coffee date with me! All you have to do is log onto fankind.org/parineeti and help provide ration kits with essential food supplies for daily wage labourer's who are struggling to feed their families. (Link in bio) 5 lucky winners will get a chance to go on a super fun virtual coffee date with me! No one should go to sleep hungry, so let's come together to feed the less privileged. And to make our impact even bigger, A.T.E Chandra foundation will be be adding 25% of the total donation we raise as a matching amount, thereby multiplying our impact. YOU, ME and Latte fun! So donate now! #Fankind #FankindXParineeti #Covid19

A post shared by Parineeti Chopra (@parineetichopra) onMay 6, 2020 at 12:14am PDT

Pari's campaign will see ration kits containing dal, rice, aata, salt, masala, tea, sugar, oil etc, to be able to sustain a family of 4 people. These kits will be distributed to families in Maharashtra, Rajasthan, Bihar and Tamil Nadu. The A.T.E. Chandra Foundation has also joined hands in this cause and will be adding 25 per cent of the total donation value collected as a matching amount, thereby multiplying the impact!

Parineeti, who is doing this in association with Arjun Kapoor’s sister Anshula's breakthrough charity initiative Fankind, says, "There are millions of unemployed daily wage earners who are struggling to make two ends meet today due to the coronavirus crisis in our country. During the COVID19 national lockdown, they are unable to earn and that is putting them at high risk! Fankind, GiveIndia and I have come together to try and help them and their families by providing them ration kits."

One just needs to log on to fankind.org/Parineeti and donate to be eligible for this virtual date which will aid GiveIndia to reach out to the ones who need our immediate help. The contest will be open for donation for a week, starting 6th May.

Parineeti adds, "No one should go to sleep hungry, so let's do our bit to make a difference and take care of our fellow brothers and sisters of India. This fund raiser is uniquely crafted for me to meet you virtually and have a cup of coffee! This is how I will be saying thank you to 5 lucky winners through a video chat. I am looking forward to chatting with you and getting to know more about you over a piping cup of coffee. Let's join hands and donate for those who are in need."

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Several Bollywood personalities have spoken about facing the casting couch or having met people who asked for sexual favours in order to get a good project. The latest celebrity to speak about this issue was Ayushmann Khurrana, who was asked by a casting director to show him his 'tool' to get the role in a film. 

Now, Hazaaron Khwaishein Aisi actress Chitrangda Singh, in an interview with Spotboye has spoken about sexual favours asked for in Bollywood. She shared, "There are people like this everywhere. Right from my modelling days to Bollywood - I have seen them at all times."

Saying that this happens in the corporate world too, Chitrangda added, "Corporate industry is just as bad. Yes, it has happened to me but, I would like to say that the Bollywood industry is not the place where anybody forces you. There is enough space and respect for everyone and their choices."

Chitrangda further added, "You do feel bad when you lose an opportunity but then those are the choices you make. So, you don't sulk about it. It feels bad and I have lost out on projects too but at the same time if you are comfortable with it, then go ahead and do it. I am not here to judge anyone."

In fact, Chitrangda emphasised that its not just sexual favours that are sought, too. "There is not just sexual favour but other sorts of favours too, which people seek. That's the way world functions, so you make your choices and live the way you like. I am not taking away from anyone who has been in the situation, I am not judging. This is just my point of view."

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Actress Debina Bonnerjee has turned a year older today, and inspite of the lockdown she has managed to celebrate her birthday in a very unique and special way, also keeping in mind all the current necassary rules and regulations!

Practicing the social distancing norm, Debina with the help of husband Gurmeet, her parents and a bunch of close friends 'virtually' brought in her birthday last night. A gang of her close friends logged in together at the same time via a digital medium from their respective homes to sing, cut the cake and be digitally present to make her special day a memorable one!

Speaking about how she enjoyed her virtual birthday celebration this year, Debina shares,"This birthday has been unlike any other celebration in the past, hence it will always be a very memorable one for me! Since nobody can get out of their homes due to the lockdown, Gurmeet and my close gang of friends planned a very special birthday celebration for me which was so amazing! I had around 15 of my friends come online together at the same time, who sang happy birthday for me at 12am last night and made my cake cutting a very cherish worthy moment with their digital presence! It did a feel a little weird to not be going out as I do every year, but being a responsible citizen is in the need of the hour right now. Hence I am very happy to have responsibly celebrated my birthday this year, in a unique and creative way."

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Auditions of MTV Roadies Revolution will be held live on social media for the first time ever, in the wake of the COVID-19 lockdown. This is the 17th season of the popular adventure reality show. "Since its inception, 'Roadies' has had a lot of firsts to its credit. Going virtual is another innovative dimension to its iconic journey and speaks volumes of its repute as a reality show. At a time when social distancing has become the norm of life and we have found respite in our phones, 'Roadies LIVE' auditions is a great effort and a well-timed step to reach the youth. This is also a first for me in 17 seasons and I am looking forward to a power-packed experience. To all the young, high-spirited souls, here's your last chance to make the cut and be a part of this exhilarating journey," show host Rannvijay Singha said.

Starting from Monday (April 27) on the MTV Roadies Facebook page, the first-ever virtual audition will go on up to Friday, and will give one contestant a chance to join the official journey this year.

Neha Dhupia, one of the judges on the show, is excited. "Social media and the euphoria around it is undeniable, more so during this lockdown when we are glued to our phones more than ever. We're excited to bring 'Roadies' to digital platforms that connect the masses. Digital auditions are the best way to tap into the young psyche amidst lockdown and get them prepped up for something challenging. Keeping up with our theme of 'Revolution', I am excited to meet some spirited people during the LIVE auditions who have it in them to take positive action and join us on the journey ahead," she said.

 

 

 

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Dare to watch @princenarula & @nikhilchinapa test the wild skills of the entries? Watch it LIVE today at 5 PM on @mtvroadies Facebook page! Also, keep sending in your entries on @voot telling us why you deserve to be on the #RoadiesRevolution journey. Click the link in bio. @oppomobileindia @castrolbiking @axiom_ayurveda @manforceindia #RoadiesLiveAudition

A post shared by MTV Roadies (@mtvroadies) onApr 27, 2020 at 1:28am PDT

Added her co-judge Nikhil Chinappa: "Every year, Roadies ups the ante with innovative formats that resonate with the sentiments of the youth. Virtual auditions are a leap ahead in that direction to leverage a platform that is extremely relevant in the present scenario and reach out to a wider demography. 'Roadies' auditions have always called for mass attention and It would be interesting to witness the traction online."

Rapper Raftaar, also a judge on the show, feels "digital has emerged as the new normal" amid the ongoing crisis and lockdown.

"For a show which defines youth, their goals, and preferences, this digital effort can engage the youth and amplify 'Roadies Revolution' in a way never seen before. I am glad to be a part of this one-of-a-kind experience," he said.

Prince Narula, who also judges the reality show, feels "The live auditions are yet another feat in creating a revolution and reaching out to our young audience".

"I'm really excited to meet some brilliant people and look forward to their perspective. This is going to be a great precursor to our adventurous journey later in the year," Prince added.

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Sumeet Vyas and Ekta Kaul are all set to embrace parenthood. The duo is enjoying this time as much as they can and keep sharing their happy moments with their fans on their social media handles. Owing to the countrywide lockdown imposed due to coronavirus, the couple recently hosted a virtual godbharai.

Ekta took to her Instagram page to share pictures of her godbharai. She looked lovely in a printed, maroon maxi dress, while Sumeet kept it casual with cargo shorts and a quirky, navy blue t-shirt. Ekta was seen flaunting her baby bump. She captioned the picture as "Just like that." Take a look at the picture here:

 

 

 

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Just like that!

A post shared by Ekta Rajinder Kaul (@ektakaul11) onMay 8, 2020 at 11:25am PDT

Ekta also took to Facebook to share a glimpse from her godbharai. Here's what she shared:

Last month, Ekta had shared the news of her pregnancy with an adorable and witty caption! In the picture, we could see Sumeet planting a kiss on Ekta's cheeks.

 

 

 

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Proudly announcing our new project together. 👶🏻👶🏻 Introducing Jr. KaulVyas (soon) Created, Directed and Produced by US.... @sumeetvyas and I 🙏🏻🙏🏻

A post shared by Ekta Rajinder Kaul (@ektakaul11) onApr 4, 2020 at 10:19pm PDT

Sumeet Vyas and Ekta Kaul tied the knot in a traditional ceremony in Jammu on September 18, 2018. Sumeet was earlier married to theatre actor Shivani Tanksale. They divorced in 2017.

Talking about his love story, Sumeet Vyas in an earlier interview had said, "We actually met six years ago when we were shooting for a pilot of a television show which never took off. I met her again on a show I was hosting, where she was a contestant. We kept in touch. I discovered the art of conversation with her. We don't discuss common people we know or criticise projects that aren't good enough. She became the home I could come back to and disconnect from work. I love that we both are desi. It was a moment of sheer astonishment when she said she likes me too. That's love, it requires no logic and no reason."

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All images for Representational purposes

The thought of regular sex varies from person to person. While for some regular sex is a fun and 'must-have' act, for others it is like a deal beyond imagination. Finally, there is another set of people, who do not consider regular sex as a mandate to a happy relationship. The cosy moments, the mild touches, the gentle bites, the smooch, the eye contact, the silence, the cuddles, and finally the sexual climax make a relationship healthy and strong. Some may be content with their sex life, while others may experience dissatisfaction. Those who are still looking for the ideal ways to reach sexual nirvana and have a successful climax, these six steps may be of great help to them. Take a look:

1. Take a shower together: Sex can happen anywhere in the house and a bed need not be the supporting agent every time. If possible, lock yourselves up in the bathroom and stand below the shower. Come out of the comfort zone and the cliched dark bedroom scenario. For a change, let the shower cubicle do the wonders. Try to grab each other tightly while you get drenched. Go ahead with those touches and kisses that you would have otherwise done in the bedroom. In case you get a chance to bath together in a bathtub, grab it right away.

 

2. Engage in dirty talks: Initially you might hesitate to open up to your partners, but with time opening up to the opposite sex can bring a u-turn to your sexual life. It’s not only those silent acts and foreplay that can help attain sexual nirvana, but also dirty talks and naughty touches can lead to sexual proximity. Be it the man or woman; none should hesitate to utter some flirty speeches to attain sexual satisfaction.

3. Keep the sensual touches alive: No one can deny the fact that sensual touches can gradually lead to a heavenly climax. Arouse your partner with a body massage. Women respond well to sensual touches and therefore attain greater orgasm. They can even touch their man from top to bottom to arouse him and gradually move towards a successful end together.

4. Try different sex positions: If you get bored of one particular position, try different positions like crisscross, 69 and BDSM. Trying a new position for the first time may be a bit difficult, but gradually the experiments can definitely work out. Pay heed to your intuitions and crave for something new every day.

5. Wear appealing nightwear: Men love to see their women in revealing and appealing clothes. Thin-strapped night wears, lacy lingerie, satin gowns or short hot pants can raise the room temperature and arouse the man at the same time. Women can even go for the man’s favourite colour lingerie.

6. Smell good and let the room smell good too: Use floral. fruity or chocolate scented body mists to raise the mood of the man and vice-versa. Try to apply body lotions and face creams that have pleasant fruity aromas. Along with that, the room should also smell good and fresh. Use lavender or rose scented room fresheners to create a romantic environment and set the mood for sex. Women can also opt for a good vaginal wash to maintain hygiene and freshness.



Fasten your seat belts and be ready to turn lust into reality. Sexual nirvana not only brings happiness or fulfils one's physical lust, but also is the core ingredient to a happy and successful relationship. After all, a small act can bring a big blow!

With few more days to go, lovebirds are already sinking in the thought of what to gift their valentines. Online shopping, running across gift shops, and scratching heads for ideas, Valentine’s Day is all about expressing love to the man and woman of your life. Teddies and red roses have turned out to be cliché Valentine’s Day gifts. The emergence of online shopping sites and personalized gift shops have taken Valentine’s Day gifting idea to a different level. This time gift something unusual, something unique and something your better half would have never imagined: Here are some ideas!

1. Bottle of beer to him and gin to her: Take a break from the romantic champagne or red wine and opt for an out-of-the world idea of purchasing a bottle of beer for your Mister and a bottle of gin for your Miss.

  

2. Satin lingerie to her and personalised boxers to him: Girls go ‘wowww’ over a pair of bright colour satin lingerie. Underpants or boxers are a boy’s favourite section in his wardrobe. Instead of gifting each other a regular pair of lingerie or boxer, try out a gifting a lacy hot looking satin one. Ladies, personalize the boxer with our cutest photo and a love message to turn your man wild.



3. Pack of maggi to each other: Both a foodie and a non-foodie is a fan of Maggie noodles. Plan your budget and gift each other some packs of maggi noodles along with extra tastemaker masala. Share the noodles from one plate to make the simple gift a romantic and precious one.

4. Imported lighter to him and bottle opener to her: Boys who smoke would love to get a classy imported lighter as a Valentine’s Day gift. A bottle opener on the other hand is an essential in the kitchen. So, this time rather than gifting a passé coffee mug or ashtray, gift a lighter and a bottle opener. 

5. Spa coupon to each other: Gift a couple spa voucher to your better half and enjoy a romantic rejuvenating evening together. Low lit light, herbal products and gentle massage will de-stress and reward you with the most romantic Valentine evening.

6. Wine glass holder to him and cup holder to her: While boys have a craze for setting up a super-duper fully equipped bar counter in their homes, girls look for the perfect trendy and durable cup holder for their kitchens. To fulfil each other’s wish, boys can buy their ladylove a cup holder and girls can surprise their prince charming with a durable wine glass holder.

7. Cocktail guide to him and recipe book to her: While your prince charming can surprise you with a homemade cocktail, you can bake a cake for him or cook his favourite dish. Buy each other a cocktail handbook and recipe booklet, and make a perfect drink and dine ambience at home.

8. Mouse pad to him and cosmetic organizer to her: Girls want to keep their cosmetic section updated at home. Boys, look out for a stylish mouse pad to make their gaming session more interesting and engaging. A mouse pad and cosmetic organizer may seem to be the most unusual Valentine’s gift, remember that it will fulfil both your purposes.

9. Woody scented perfume to him and fruity one to her: Boys are more inclined towards woody rugged or chocolate scented perfumes while girls favour soft fruity body mists. Know the choice and brand preference of your better half and surprise them with a nice perfume bottle.

10. Shaving kit to him and electric epilator to her: Shaving is a regular task for men so is waxing for women. Why to run to the salon every week and waste time when you gift your Valentine a shaking kit and an electric epilator?

Courting lovers by sending flowers is a thing of the past, for teens and adults nowadays. They have found a rather 'sexy' way to lure the object of their affection -- 'sexting' i.e. sending nude or semi-nude selfies of oneself to a boyfriend, girlfriend, crush or casual acquaintance from smartphones. This is also termed by some researchers as a 'sexual selfie'.

We look at factors that have led to this fast-emerging trend...

Representational picture

'Sext messages' and 'sexual selfies' popular with most adults
A recent survey revealed that, almost half of all adults - or 47 per cent - send sexy text messages or selfies to their partners. And one in nine people ‘sexts’ their partner every day, a new survey has found.

But the poll of 2,000 adults conducted by mobile phone experts found that one in 10 have mistakenly texted an inappropriate message to a friend or family member.

The poll also found almost one in five phone users are risking their relationship by secretly sexting people other than their partner.

Girls as young as 14 send sexy texts and selfies!
A new study has shed light on how an increasing number of girls in their early teens are resorting to sexting and sending explicit selfies to their boyfriends.

The study of 14 to 15-year-old girls revealed that four out of 10 did not find anything wrong in taking a topless selfie.

And one in six underage girls did not see anything inappropriate about posing fully nude for others.

Celeb nude photo scandals a major reason
Embarrassing and cautionary tales of celebrities caught in sexting and nude photo scandals are not dissuading the general public from such irrational behaviour, a new report has revealed.

According to the report, 43 percent of respondents to an Internet survey of 1,500 women between the ages of 18-40 admitted to sexting, which is the sending of sexually explicit text or email messages.

Given that so many stars like Scarlett Johansson, Jennifer Lawrence, Blake Lively, Vanessa Hudgens, Miley Cyrus, Lily Allen, Khloe Kardashian and many others have been involved in sexting scandals in recent times, have those stars made it seem okay to be sending nude photos and sexually explicit messages?

'Sexting' termed worst technology jargon!
The term ‘sexting’ has been chosen as the most irritating phrase to enter lexicons in recent years. However, selfie as a term has been appreciated and even included in day-to-day conversation.

A UK tech magazine, which conducted the poll, a few years ago, awarded ‘sexting’ its ‘Unspeakable Award’ for the worst new piece of technology jargon.

Sexting teens are not offenders
According to experts, to consider labeling a teen a sex offender because of a sexting incident -- a label that will stick for life -- defies common sense.

A Canadian researcher presented a paper on children's sexuality, defending the practice as a modern variation on "playing doctor or spin-the-bottle."

The expert argued that such online activities are safer than traditional sexual games because there is no immediate physical contact and thus are less likely to lead to pregnancy or sexually transmitted diseases.

It's not the same as face-to-face sexual relationships
The way people get involved in and develop sexual relationships with others has changed dramatically over the last 20 years due to the increased availability of devices such as computers, video cams and cell phones.

But at the end of the day there is no substitute for physical, face-to-face contact in our sexual relationships, according to a new study.

All pictures for representational purposes

London: Does a one-night stand or romping without any commitment or emotional involvement sound interesting to you? If yes, please beware. Researchers have found that a liking for casual sex may land you in trouble.

The researchers found that a person's preference for casual sex may actually increase their risk of being harassed.

Also, adolescents who have been sexually harassed are more strongly inclined to have casual sex than others, the findings showed.

The results might give the impression that it is the victim's fault for being harassed, but the researchers said their findings were not intended to "blame the victim".

"Absolutely not! We're trying to understand the psychological mechanisms that underlie harassment," said Mons Bendixen, Associate Professor at Norwegian University of Science and Technology in Trondheim, Norway.

It might be that a preference for casual sex results in more sexual solicitations in general, including undesirable ones.

The study, published in the journal Evolution and Human Behavior, also showed that adolescents who sexually harass others have had casual sex more often than those who do not harass others.

They also fantasise more about casual sex and find it more acceptable to have sex without any commitment or emotional closeness.

The study included 1,326 heterosexual girls and boys with an average age of nearly 18 years. The psychologists only looked at non-physical forms of sexual harassment.

Fully 60 per cent of the girls and boys in the survey reported that they had been sexually harassed in the last year.

Around 30 per cent of the girls and 45 per cent of the boys admitted that they had sexually harassed someone one or more times.

It's doesn't get bigger than this! Youtube has a huge lineup of celebrities from various fields for their upcoming YouTube Virtual Graduation Ceremony 2020. The ceremony would be headlined like former President Of The United States, Barack Obama, and First Lady Michelle Obama. Amongst the notable names includes singer Lady Gaga, world-famous band BTS.

The Dear Class of 2020 will be mixed with commencement speeches and musical performances. "I’ve always loved joining commencements––the culmination of years of hard work and sacrifice. Even if we can’t get together in person this year, Michelle and I are excited to celebrate the nationwide Class of 2020 and recognize this milestone with you and your loved ones," Barack Obama wrote in his tweet on May 5.

BTS has had a global impact with their music. The group, composed of members RM, Jin, Suga, J-Hope, Jimin, V and Jungkook, recipients of the Order of Cultural Merit in South Korea, and were keynote speakers at United Nations in 2018. Singing in their native language Korean, the septet has become the world's biggest boyband. Their latest album 'Map Of The Soul: 7' has become No. 1 in 21 countries.

Being in the pop scene for more than a decade, Lady Gaga changed the face of pop music and re-introduced artistic ways to evolve music. In today's times, she is considered one of the most impactful musicians of all time.

Here's a list of participants:

Featuring

President Barack Obama

Michelle Obama

BTS

Lady Gaga

Sec. Robert M. Gates

Sundar Pichai

Sec. Condoleezza Rice

Malala Yousafzai

Special Appearances by

asapSCIENCE

Alicia Keys

Chloe x Halle

Kelly Rowland

Kerry Washington

The Try Guys

Zendaya

Mr Kate

Dude Perfect

Jackie Aina

Zane Hijazi

Dear Class of 2020 premieres on June 6.

ALSO READ: BTS members V and Jungkook make carnations on Parents' Day, perform 'Never Not' by Lauv during live stream

With everything going digital amid lockdown due to Coronavirus outbreak, reality shows have found a new way to conduct auditions. Madhuri Dixit, Shashank Khaitan, and Tushar Kalia will return as judges for Dance Deewane 3.

For the show, the makers have begun virtual auditions. Madhuri Dixit kicked off her work by recording the promo for the show and asking the audience to participate by uploading their videos oh Viacom18's digital platform.

The final aspirants will be selected for the show once the film and TV bodies resume shoots. Arjun Bijlani will be returning as the show host. They'll kick off the new season after everything goes back to normal.

ALSO READ: Madhuri Dixit and Kajol reminisce about sharing screen space with late Rishi Kapoor

Parineeti Chopra has stepped forward to do more during the coronavirus crisis that is raging in our country. The sensitive actress has decided to go on a virtual coffee date with people to raise funds that will feed 4000 family members of 1000 daily wage earners of our country!

Millions of poor labourers are struggling to access food and rations during the COVID lockdown, and are unable to keep themselves and their families safe. Parineeti has come on board to help raise funds for GiveIndia’s Mission: Ration Kit that aims at delivering food to those most affected by the crisis.

Pari’s campaign will see ration kits containing dal, rice, aata, salt, masala, tea, sugar, oil etc, to be able to sustain a family of 4 people. These kits will be distributed to families in Maharashtra, Rajasthan, Bihar and Tamil Nadu. The A.T.E. Chandra Foundation has also joined hands in this cause and will be adding 25% of the total donation value collected as a matching amount, thereby multiplying the impact!

Parineeti, who is doing this in association with Arjun Kapoor’s sister Anshula’s breakthrough charity initiative Fankind, says, “There are millions of unemployed daily wage earners who are struggling to make two ends meet today due to the coronavirus crisis in our country. During the COVID19 national lockdown, they are unable to earn and that is putting them at high risk! Fankind, GiveIndia and I have come together to try and help them and their families by providing them ration kits.”

One just needs to log on to fankind.org/Parineeti and donate to be eligible for this virtual date which will aid GiveIndia to reach out to the ones who need our immediate help. The contest will be open for donation for a week, starting 6th May.

Pari adds, “No one should go to sleep hungry, so let’s do our bit to make a difference and take care of our fellow brothers and sisters of India. This fund raiser is uniquely crafted for me to meet you virtually and have a cup of coffee! This is how I will be saying thank you to 5 lucky winners through a video chat. I am looking forward to chatting with you and getting to know more about you over a piping cup of coffee. Let's join hands and donate for those who are in need.”

For many, social distancing, self-isolation, and quarantine is the new horror. The prime minister of India, Mr Narendra Modi, has already asked people to stay indoors for some more time. As the lockdown has been extended until May 3, 2020, T&C applied, we are here to save you from some boredom and anxiety.

We are sure you must have already binged-watched every other show, but what we have for you right now is a list of horror films you can watch and get frightened instead of fearing the virus. The more you keep yourself occupied and busy, the less you'll feel anxious and worried due to the lockdown. So, let's take a look at the Netflix list right away!

Eli

Well, well, well! This one will test your patience, and the climax of the movie is worth it! Why, you ask? This obscure story shares a rare tale of a little boy named Eli, and his struggle to fight disease. As he and his parents decide to self-isolate (relatable much?) to fight against what has struck the kid, Eli unravels his truth, unknown and unwitnessed for so many years! 

The Ritual

Starring Rafe Spall, Arsher Ali, Robert James-Collier and others, this one will make your heart skip a beat. It has scares, hidden truths, an unknown religious rite that takes the four friends, who have been exploring the woods of Sweden, down. Fair warning, not for the faint-hearted!

Apostle

Just like the Ritual, Apostle also has a history connected to the characters. In 1905, Thomas Richardson travels to a remote Welsh island to rescue his sister, Jennifer, who has been kidnapped and held for ransom by a mysterious cult. His journey unravels many realities but leaves him with the sacrifice of his own life as the only option to save everyone. Interesting, huh?

I Am The Pretty Thing That Lives In The House

This one got me for real! If you are alone at home, the suggestion would be to skip this one. If you are with your quarantine special, I Am The Pretty Thing That Lives In The House will make a good watch. A nurse, who must take care of the house and its owner, a writer, ends up witnessing the reality of the haunted house. End? Well, we will leave it up to you to figure out what happens to the one who lives with an infected house.

Satanic

Satan's followers are scary, and if this entire plot of people worshipping Satan sends chills down your spine, abort mission! Right away! This too isn't for the ones who think Conjuring and Annabelle are scary. If that's what you think horror is, Satanic is surely not your cup of tea.

Scared already? Wait until you watch them all in a day, and share your experience with us! Also, stay tuned for the hidden gems on OTT platforms.

P.S: Stay tuned for our list of shows you can binge on this quarantine season, and don't let the boredom hit you even for a second!

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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After the decision to postpone the event due to the coronavirus crisis, the Nickelodeon's Kids' Choice Awards on Saturday, rather, held a virtual telecast which was no short of slime and the awards.

On Saturday a virtual show was hosted by the 'Victorious' star Victoria Justice of the event, whic was originally scheduled to take place on March 22 in Los Angeles.

The star-studded awards show had specials appearances of 'The Avengers' cast including Robert Downey Jr., Chris Evans, Chris Hemsworth, Scarlett Johansson, Mark Ruffalo, and Jeremy Renner.

The team's big hit superhero film 'Avengers: Endgame' won favourite movie, and 'Spider-Man' actor Tom Holland was voted favourite superhero.

Netflix's 'Stranger Things' grabbed the favourite TV show awards, meanwhile, the young star Millie Bobby Brown took home the favourite female TV actor award for her role as Eleven.

In the music category, artists including Taylor Swift, Ariana Grande, Shawn Mendes, Billie Eilish, Lil Nas X, and BTS took home the glory.

Reported by Variety, the show also made USD 1 million donations to No Kid Hungry, a national campaign to help end childhood hunger and support people affected by coronavirus crisis.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

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

Disgraced Hollywood star Kevin Spacey has opened about how sexual assault allegations meant "my job, many of my relationships were all gone in a matter of hours". The 60-year-old described his "painful" journey three years after he was accused of assault by a string of men in 2017 and said he could relate to workers who've being laid off during the coronavirus pandemic, reports dailymail.co.uk.

"I don't think it will come as a surprise for anyone to say that my world completely changed in the fall of 2017. My job, many of my relationships, my standing in my own industry were all gone in just a matter of hours," Spacey said during a podcast. He was dropped from the "House Of Cards" show after allegations surfaced.

He has mostly kept a low profile since the slew of sexual assault claims first came up. He has always denied the claims. He was also removed from the completed movie "All The Money in the World", which was reshot with actor Christopher Plummer.

Spacey was asked during the podcast to reflect on the current coronavirus pandemic causing global and widespread devastation. The actor, who has not appeared in a professional movie or series since the accusations were made, said: "I don't often like to tell people that I can relate to their situation because I think it undermines the experience that they may be having which is their own unique and very personal experience."

Spacey added: "But in this instance I feel as though I can relate to what it feels like to have your world suddenly stop. And so while we may have found ourselves in similar situations, albeit for very different reasons and circumstances, I still believe that some of the emotional struggles are very much the same.

"And so I do have empathy for what it feels like to suddenly be told that you can't go back to work or that you might lose your job and that it's a situation that you have absolutely no control over."

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

Brit singer Perrie Edwards, 26, is enjoying every moment alongside her footballer boyfriend Alex Oxlade-Chamberlain, 26, during this Coronavirus-caused lockdown in the
United Kingdom.

"I feel like I'm really enjoying this [lockdown], I can't lie. I'm having the time of my life. I've never spent so much time with my boyfriend. I've never spent so much time in my house," Perrie, who is part of the British all-girl group Little Mix, told Los Angeles radio station KII-FM.

"It's like I've never had just so much time on my hands to do stuff that I've always wanted to, so it has been nice," added Perrie, who began dating the Liverpool star in 2016.

The couple have been regularly uploading pictures and videos, dancing together on social media, while Perrie has even performed a few songs.

Meanwhile, Alex too has been enjoying all the attention and recently said that Perrie is the "perfect wifey."

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

COVID-19 has started showing its impact on the mutual fund industry. Few days ago I mentioned in my article, Debt mutual funds witnessed massive outflows of Rs 1.95 trillion in the month of March.

Though we could attribute most of that outflow to corporates redeeming funds to meet their quarter end obligations, high volatility and uncertainty as consequences of the pandemic could have also played a major hand in the redemption pressure for debt schemes.

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FII have been redeeming investments heavily in equity and debt segment ever since WHO declared COVID-19 a pandemic. In March, FIIs pulled out Rs 60,375 crore from the debt market.

High redemption and lack of buying interest has made debt mutual fund schemes vulnerable, especially those with higher exposure to low rated instruments.

This instability has claimed its first casualty in debt mutual funds...

Franklin Templeton Mutual Fund (FTMF) has decided to wind down six of its debt schemes with effect from April 23, 2020 due to COVID-19 related market dislocation. This is something that is unheard of in the mutual fund industry and has perplexed many investors and advisors.

The schemes that are wound up are:

• Franklin India Low Duration Fund
• Franklin India Dynamic Accrual Fund
• Franklin India Credit Risk Fund
• Franklin India Short Term Income Plan
• Franklin India Ultra Short Bond Fund
• Franklin India Income Opportunities Fund

Together these schemes have an AUM of 30,854 crore as on March 31, 2020. Notably, these are the very schemes which in the past had to create segregated portfolio for its exposure to downgraded papers of Vodafone Idea and Yes Bank.

What led to the move?

According to a statement to investors from FTMF, "Despite several measures taken by the Reserve Bank of India (RBI), the liquidity in certain segments of the corporate bond markets has fallen-off dramatically and has remained low for an extended period. In this scenario, mutual funds are facing unprecedented liquidity challenges due to a variety of factors-rising redemption pressures due to heightened risk aversion, mark to market losses following a spike in yields and lower trading volumes in the bond markets. These factors have together caused a significant and worsening liquidity crunch for open-end mutual fund schemes investing in corporate credits across the credit rating spectrum."

The schemes had to resort to continuous borrowing to fund redemptions during this time, and were unable to repay the borrowings through sale of portfolio securities due to the prevailing market environment. The Investment manager did not believe it was prudent to continue funding redemptions through potentially increasing levels of borrowings.

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FTMF follows a high-risk high-return strategy for the above mentioned funds - Meaning a major part of its portfolio is exposed to lower rated securities (rating below AAA). The market disruption due to the virus outbreak has impacted these securities the most.

Under conditions of high redemption pressure, mutual funds sell their liquid assets to meet the demand, leaving the portfolio highly exposed to illiquid assets.

Thus, investors who choose to stay invested are at a disadvantage here.

Anticipating continued liquidity stress to the funds, the fund house thought winding up the scheme is the only viable option for the unitholders to minimize erosion of value.

Table: Details of schemes being wound up

What does it mean for investors of these schemes?

Investors of these schemes will not be able to purchase/redeem investment, switch to other schemes or do systematic transactions. In short their funds will be locked. The fund will not charge any management fees for the funds that are being wound up.

The fund house will rely on coupon payments, maturity value of underlying securities, and selling of securities at realisable value. While the fund house expects to realise most of the proceeds as per maturities, there may be some low rated securities that may even default on the due date. The fund house may create segregated portfolios for such securities and pay back as and when the money is realised.

It will be prudent to check the average maturity of portfolios of each fund and expect major repayment within that period.

What should investors in debt funds do?

Debt mutual fund Investors are not as confident, due to incidents of exposure to toxic papers in the past. This event could make them even more wary about their investment in debt schemes. As a consequence, there may be some panic selling in other debt schemes by investors worried about their funds getting locked.

However, instead of taking any hasty decisions, it would be a great idea to check your funds for the quality of assets it holds.

Choose a fund house that follows prudent investment process and stringent risk-management system. In these uncertain times, it would be wise sticking to liquid funds and overnight funds for the fixed-income part of your portfolio. Alternatively, if you prefer safety of capital, invest in Bank fixed deposits.

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

The way ahead...

While the fund house has done this to protect investors' interest, it has made the funds illiquid from the investors' point of view. Many investors may lose faith in debt funds for their short-term goals.

Going further, investors may have to consider liquidity risk due to AMC action, while investing in any high credit risk oriented debt funds.

It is time for the regulator to step up and clarify the illiquidity part for other debt schemes out there to investors. Moreover, it needs to provide a framework of strict guidelines to restrict fund managers from putting investors' hard-earned money at risk by exposing them to low rated securities for higher yield.

Meanwhile, AMFI has assured investors that a majority of the fixed income fund assets is invested in superior credit quality securities, and the schemes have appropriate liquidity to ensure normal operations. It further stated that the industry remains fully committed to the investors' interests and there is no need for them to panic and redeem investments.

Author: Divya Grover

This article first appeared on PersonalFN here.

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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.

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:

• Franklin India Low Duration Fund
• Franklin India Dynamic Accrual Fund
• Franklin India Credit Risk Fund
• Franklin India Short Term Income Plan
• Franklin India Ultra Short Bond Fund
• Franklin India Income Opportunities Fund

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.

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.

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.

Last month, SEBI had asked credit rating agencies not to consider any delay in payment of interest or principal loan amount arisen solely due to the nationwide lockdown conditions as a default.

The stress in the Indian mutual fund industry due to the pandemic impact deepened after Franklin Templeton MF decided to wind down six of its debt schemes. The lack of liquidity and redemption pressure compelled FTMF to take the extreme step.

In this economic environment, Mutual Fund houses are concerned about companies that are likely to delay and default in payments. Many companies have sought deferment/rescheduling of payment due to COVID-19 related disruptions. In order to minimize the resultant damage, market regulator SEBI recently provided temporary relaxation in valuation norms for instruments mutual funds hold.

SEBI has asked valuation agencies to avoid treating delays in payment of interest/principal or extension of maturity of a security as default for the purpose of valuation of money market or debt securities held by Mutual Funds, if it has been caused solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by RBI.

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

"In view of the nationwide lockdown and the three-month moratorium/ deferment on payment permitted by RBI, a differentiation in treatment of default, on a case to case basis, needs to be made as to whether such default occurred solely due to the lockdown or loan moratorium", SEBI circular said.

SEBI has stated that in the above mentioned scenario, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted. This revised norm will be in effect until the RBI's period of moratorium.

However, AMCs shall continue to be responsible for true and fairness of valuation of securities.

Mutual fund houses have to mark the value of their assets based on valuations provided by valuation agencies appointed by AMFI.

At present, a debt or money market security is classified as 'Default' if the interest and/or principal amount has not been received on the day such amount was due; or when such security has been downgraded to 'Default' grade by a credit rating agency. Default denoted that the security is below investment grade.

This leads to mark down of the respective security and thereby impacts NAV of the scheme.

SEBI's move provides some relief in this regard. It will ensure that all fund houses follow a uniform approach while dealing with defaults/delay due to COVID-19.

Will it make investment in debt fund safe?

SEBI has not yet provided any moratorium on commercial paper and corporate bond repayment. According to a report published in Livemint, Rs 1.5 trillion worth of commercial paper and corporate bonds will be maturing in the first quarter.

As mentioned earlier, AMCs shall continue to be responsible for true and fairness of valuation of securities. But in the absence of rating downgrade from valuation agencies, fund houses cannot side-pocket their exposure to a defaulting company. Therefore, we may still see some write-offs if the AMC finds recovery to be difficult even after the relaxation period.

COVID-19 has impacted businesses across sectors. Some sectors such as NBFCs were under stress even before the pandemic. The default risk has thus amplified.

The relaxation of valuation would delay the issue, but downgrades would arise subsequently. Spike in number of side pockets (by fund houses) may thus become imminent.

My colleague, Rounaq, rightly mentioned yesterday, losses the investors suffer will be directly proportionate to the stress, pressure mutual fund houses and their investors will face. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

What should investors do?

In these uncertain times, it would be wise sticking to liquid funds and overnight funds for the fixed-income part of your portfolio and avoid funds that take higher credit risk. Alternatively, if you prefer safety of capital, invest in Bank fixed deposits.

Choose a fund house that follows prudent investment process and stringent risk-management system.

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.

SEBI has time and again taken steps to tighten norms for debt funds. As an investor, if you take portfolio risks, align it with your own risk appetite and financial objective.

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.

If you are serious about investing in a rewarding mutual fund scheme, Subscribe now!

Author: Divya Grover

This article first appeared on PersonalFN here.

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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.