Sonam Kapoor is going gaga over hubby Anand Ahuja as the couple celebrate their second wedding anniversary. The 'Saawariya' actor shared on Instagram her first picture with the 'compassionate, generous, moody' Anand. In the affectionate moment captured on camera, Sonam is seen kissing husband Anand's cheek as he makes a rather goofy face.

Sonam wrote, "Our first picture together... 4 years ago today I met a vegan who could do complicated yoga positions and speak about retail and business with the same ease. I found him unbelievably cool and sexy., he still makes my heart race and grounds me at the same time. Nothing compares to you @anandahuja, your compassion, kindness, generosity and smarts are incredibly attractive but so is your moodiness and your annoying perfectionism."

Marking four years of togetherness with her beloved husband, the 'Veere Di Wedding' star described the four years with Anand as 'most fulfilling.'

"Thank you for being my partner and standing besides me for these 4 years. They have been my most fulfilling. Happy happy anniversary husband. I'm soo thrilled I get to keep you for the rest of my life. I love you the most and I know you love me the best and the most. That I promise you is the greatest gift I've ever received. [?] #everydayphenomenal," the ator wrote while pouring her heart out.

 

 

 

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A post shared by Sonam K Ahuja (@sonamkapoor) onMay 7, 2020 at 7:58pm PDT

Celebrity followers including Nick Jonas were quick to like the sweet post that garnered more than 77k likes within half-an-hour of being posted. Sonam got married to businessman Anand Ahuja on May 8 two years ago in an Anand Karaj ceremony, later followed by a star-studded reception.

Came to bless the couple were Bollywood stars like Shah Rukh Khan, Salman Khan, Varun Dhawan, Ranveer Singh, Aishwarya Rai Bachchan, Alia Bhatt and Kareena Kapoor Khan among others.

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The current lockdown that will soon complete two months and has already been extended till May 18, has forced all of us to stay safe and inside our houses. There are no gatherings, get-together parties, weddings, or any event. Amid this, is it possible for any celebrity to tie the knot? Fans began to think Bigg Boss fame Jasleen Matharu has, and that too with Anup Jalota.

She took to her Instagram account a few days back and shared a picture where she could be seen with a Sindoor and a pair of bangles that immediately made fans wonder if she had taken the oath with the Bhajan maestro. In case you missed it, have a look at the post here first:

 

 

 

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❤️❤️

A post shared by Jasleen Matharu ਜਸਲੀਨ ਮਠਾੜੂ (@jasleenmatharu) onApr 28, 2020 at 7:30am PDT

And now, speaking to SpotBoyE, she has clarified no such thing has happened. She said, "I am in the mood of getting married but it's just that I haven't found the right person yet. Mere dil ki ghanti nahi baji ab tak." She added, "Ever since I posted that picture, people are sending me congratulatory messages. Many friends are even wishing me 'A Happy Married Life'. In fact, that very day, Kashmera Shah texted me on similar lines."

So what was the secret behind that picture? She spilled the beans and said, "I was shooting a music video on the song Chupke Se from Saathiya at home. Yes, I dressed like a newly-wed girl at her honeymoon. But surely, I didn't expect that it would lead to so much chaos."

And here is the video she is talking about, watch it if you haven't:

 

 

 

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Chupke se ❤️🤫🤫

A post shared by Jasleen Matharu ਜਸਲੀਨ ਮਠਾੜੂ (@jasleenmatharu) onApr 28, 2020 at 6:54am PDT

But it seems fans are really wanting her to turn a bride soon and let's see when that happens.

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The Philippines is to take forward its tax reform agenda in January, with a second package of proposals to be tabled before Congress, after the first package was endorsed with some vetoes by President Rodrigo Duterte.

With the increasing cases of the novel coronavirus, Prime Minister Narendra Modi has extended the lockdown till May 17. The lockdown first commenced on March 25 for a 21 day period. But had to be extended owing to the increasing cases.

However, the lockdown has badly hit the economy of the country with several people going out of a job. One industry that has completely shut down is the entertainment industry. The cinema halls were the first one to shut down in the country. Speaking to a tabloid about resuming Bollywood movies shoots, Ashok Dubey, the General Secretary of Federation of Western Indian Cine employees said that they spoke to CINTAA recently and are making guidelines on how they can proceed with shootings. Ashok Dubey said that nothing has been finalised. He said that Mumbai is a red zone and so they cannot think of shooting right now. Dubey also spoke to Sidharth Roy Kapur who said that they will have a conference call with Indian Motion Picture Producers (IMPPA), Indian Film and Television Producers Council (IFTPC) and Western India Film Producers' Association on how to deal with the situation and go ahead.

A few days back, the Producers guild had shared a document that lists precautions to be taken while shooting including proper sanitation, use of masks, etc. Dubey said that the guidelines are correct but how are they to shoot when there are spot boys and workers who travel from their home and back and how they are supposed to test everyone daily when the reports take time to come.

He also questioned about reducing the number of people on the sets. He questioned how the people left out will manage their livelihood and how to assure them a salary. Dubey said that there are several factors to be considered before proceeding with the shoot.

Ashok Dubey said that the TV producer body is in a hurry to start shooting bit is not possible. He said that it will be like digging its own grave if it does something like this. He further said that social distancing is not possible on the sets and lightmen cannot work 12 hours with a PPR kit. Dubey said that there is a difference in giving suggestions and actually implementing it.

Dubey said that the Government has not released any guidelines for the film industry to start shooting. Producers' Guild has just said that these precautions are to be taken while shooting; they haven't said to start shooting and take these precautions.

ALSO READ: Actors to do makeup at home, doctors to be on set and more new safety measures set up by Cine bodies

New Delhi: Director-General of National Disaster Response Force (NDRF), SN Pradhan, on Friday refuted reports of a second gas leak at LG Polymers in Visakhapatnam district and clarified that it was some fumes which released during the neutralisation process.

"There are rumours in some section of media about a second gas leakage, let me categorically place on record that there is no such second leakage in Vizag. Some fumes get released during the process of neutralising. It happens during the neutralisation process. It is a technical process. That process will continue," Pradhan told ANI.

Earlier in the day, the Ministry of Home Affairs (MHA) responded to reports of another gas leak at LG Polymers in Visakhapatnam and clarified that it was a "minuscule technical leak" and the situation is under control.

"There are media reports that there was another leak. This is clarified that this was a minuscule technical leak. It is required to bring the container in control. It is been controlled and the process of neutralisation is already in process. The situation is under control," the MHA said in a statement.

Meanwhile, Pradhan said, "Few fumes get released during the neutralisation process. These fumes do not go out and mostly remain in the vicinity of the company only, but that does not mean that it's secondary leakage happened there. The smell of this gas can passes through the air little bit outside, but assessing it as a second leak is utterly wrong."

The NDRF DG appealed to the media to not to run fake news on the gas leak without cross-checking so that people do not get panic.

"The neutraliser chemical has reached the spot in good quantity and it is being used in the process. Rumour mongering must be avoided in the interest of people," he said.

Pradhan informed that experts from Pune and Nagpur, including scientists are monitoring the situation on the ground since last night.

"We are preparing a roadmap with the local administration. This work is being done jointly by the state, Centre and local administration. Tourism minister of the state also visited the spot. We are also present at the spot. Since last night, the experts from Pune and Nagpur including scientists are monitoring the situation on the ground. At the moment, our two commandants and three scientists are camping there," he explained.

"Two teams of 5th battalion of NDRF are on the ground. The situation is under control. The NDRF teams will stay back in the area until the situation is absolutely under control," Pradhan said.

On Thursday, styrene gas had leaked in the gas plant of LG Polymers in RR Venkatapuram village in Visakhapatnam district on Thursday morning, which claimed 11 lives.

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Amid the lockdown, veteran actor Richard Gere has welcomed his second child with wife Alejandra Silva. According to Spanish magazine Hola!, they are now parents of a baby boy, reports dailymail.co.uk. It is believed that they are enjoying the new addition to their family at their ranch outside New York.The reports that Gere, 70, Silva, 37, were expecting their second child first surfaced in November. The immensely-private couple never officially confirmed the news.

The couple got married in April 2018, and announced they were expecting their first child together in August that year. Silva and Gere, who met in 2014 at a luxury Italian boutique hotel Silva bought with her former husband, welcomed son Alexander in February 2019. Ahead of the birth that time, Gere said he was "not all at" worried about becoming an older parent, and wanted to be a "hands-on dad".

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The #MeToo movement took off in a big way in 2017 in Hollywood after well-known producer Harvey Weinstein’s sexual harassment episodes became public. It reached India a year later and became a huge social movement. Although the movement made people aware of some genuine cases, it also came to light that some of the allegations were false or were made with ulterior motives. The latest film SECTION 375 is inspired from cases of this nature and expects to make a hard-hitting point. So does SECTION 375 manage to succeed in its endeavour? Or does it fail to impress? Let’s analyse. <img class="aligncenter size-full wp-image-1016957" src="https://www.bollywoodhungama.com/wp-content/uploads/2019/09/Movie-Review-Section-375-IMG.jpg" alt="Movie Review Section 375 IMG" width="720" height="405" /> SECTION 375 is the story of a filmmaker accused of rape. Anjali Dangle (Meera Chopra) is a junior costume designer on a film set. She’s told to go to director Rohan Khurana’s (Rahul Bhat) residence to show him the costumes. When she reaches the house, Rohan and the house maid are present. Rohan sends the maid out of the house on some pretext and then forces himself on Anjali. Anjali reaches her house and tells her family that Rohan raped her. The same evening, Rohan is arrested from his film set. The Sessions Court finds Rohan guilty and sentences him to ten years of rigorous imprisonment. Rohan’s wife Kainaaz (Shriswara) approaches famous criminal lawyer Tarun Saluja (Akshaye Khanna) to file the case in the Bombay High Court. Tarun goes through Rohan’s file and realizes that the Sessions Court verdict was unfair. The case gets accepted in the High Court and the trial begins. Tarun’s ex-protégé Hiral Gandhi (Richa Chadha) is the public prosecutor and Anjali’s lawyer. As the case begins, a lot of unknown and intentionally hidden details tumble out. What seemed like an open and shut case of rape turns out to be murkier than expected. What happens next forms the rest of the story. Manish Gupta's story has tremendous potential and is the need of the hour. It is also quite relevant in today’s times. Manish Gupta's screenplay (with additional screenplay by Ajay Bahl) is quite effective for most parts. The film gets a bit technical but will be easy to comprehend for its target multiplex audience. Manish Gupta's dialogues (with additional dialogues by Ajay Bahl) are quite acidic and sharp. However, at places, there are far too many English dialogues. Ajay Bahl's direction is quite apt. He captivates the viewers with his storytelling and doesn’t lose their attention even once in the 120 minute duration. Also, he presents both sides quite nicely and convincingly. This is a courtroom drama but like conventional Bollywood films in this genre, the film is not made in a dramatic fashion. Yes, a lot is happening in the film but it is all done a bit more realistically. On the flipside, the second half is where the film drops a bit. One expects a film with so many unpredictable moments to end with a bang. Sadly, that doesn’t happen. Also, it’s bewildering why Hiral, who used to shout ‘Objection’ each time Tarun would present anything or make an attention grabbing statement, doesn’t react at all when Tarun explains to the court how Anjali got the injury marks on her inner thighs. Except for Tarun, the private lives of Hiral and Anjali are never shown and it takes away the impact to an extent. SECTION 375 begins on a fine note. Tarun Saluja explaining the concept of justice and law by giving the instance of the 2012 Nirbhaya gang rape case makes for a strong point and it also indicates what is to follow. The scene where Anjali meets Rohan in his house and the alleged rape happens is quite smartly executed and only a part of it is shown to keep the unpredictably going. This is followed by probably the most gut wrenching scene of the film – the medical officer asking the gory details of rape to Anjali quite nonchalantly, in front of her mother. And also, the said medical officer is a male! The film obviously goes on a high once the trial begins. The manner in which it comes to light that the investigating police officer Milind Kasle (Shrikant Yadav) did an extremely shoddy job is bound to shock viewers. Post-interval, the interest is maintained as many more details pour out in the courtroom. The finale however lacks punch. Also, the verdict announced in the end might leave viewers divided. <span style="text-decoration: underline;"><strong>“Aamir Khan Will Make a Good Politician”: Akshaye Khanna | Rapid Fire | Section 375</strong></span> <iframe id="jwiframe" class="playerFrame" src="https://www.bollywoodhungama.com/videos/celeb-interviews/aamir-khan-will-make-a-good-politician-akshaye-khanna-rapid-fire-section-375/?jwembed=1" width="800" height="340" frameborder="0" allowfullscreen="allowfullscreen"></iframe> Akshaye Khanna takes the cake when it comes to performances. Other actors also do well but Akshaye leaves a very strong impact. Whether it’s his dialogue delivery or his interrogating style in the court or his shrewd smile when confronted by the judges or Hiral, Akshaye’s performance is spot-on. Richa Chadha is very good as the no-nonsense lawyer whose idea of justice differs from that of Akshaye’s character. One of her heartening scenes is when Hiral is discussing about her partner and sharing her meal with her ‘rival’ Tarun. Rahul Bhat gets into the skin of his character. He’s too good in the beginning scene when he comes on the set and blasts everyone. Meera Chopra has very few dialogues initially but in the second half, she has a crucial part and does well. Krutika Desai (Justice Bhaskar) is good while Kishore Kadam (Justice Madgaonkar) is very impressive in his part. The latter also contributes to the laughter quotient. Shriswara speaks a lot through her silences and makes her presence felt. Shrikant Yadav is too good. His less-than-a-minute-conversation with Richa after he messes up in the court is memorable. Same goes Dibyendu Bhattacharya – his performance takes one of the most important scenes to another level. Sandhya Mridul (Shilpa) is lovely in the special appearance. SECTION 375 is a songless film. Clinton Cerejo's background score however is subtle and dramatic. Sudhir K Chaudhary's cinematography is quite appropriate. The alleged rape sequence is shot well in different angles and the perspective changes with each angle. And he also makes use of some hand-held, zoomed-in shots that also helps with the impact. Nilesh Wagh's production design is decent. Ameira Punvani's costumes are realistic. Praveen Angre's editing is crisp. On the whole, SECTION 375 is a hard-hitting courtroom drama that raises some important points. At the box office, it has the potential to grow significantly in multiplexes once the word of mouth spreads among its target audience.

Representational picture

Agartala: The first meeting of the 'Niti Forum for North-East' (NFNE) on Tuesday chosn five sectors including tourism and food processing to exploit them on mission mode basis to accelerate inclusive and sustainable economic growth of the region, said NITI Aayog Vice Chairman Rajiv Kumar.

Union Minister for Development of North Eastern Region (DoNER) Jitendra Singh, in a significant announcement, also said that henceforth 100 per cent funding would be made by the Central government for central sector projects in the eight northeastern states, which were earlier being undertaken on the basis of centre-state sharing in the ratio of 90 :10.

"In the first meeting, NFNE has identified five sectors to exploit them on mission mode basis to speed up inclusive and sustainable economic growth of the northeastern region," Rajiv Kumar told the media after the meeting.

The other sectors are bamboo, horticulture and 'Made in Northeast'.

Rajiv Kumar said that the focus of development and infrastructural projects in the northeastern region would be based on the concept of "HIRA" -- Highways, Inland Waterways, Railways and Airways as conceptualised by Prime Minister Narendra Modi.

The NITI Aayog Vice Chairman and DoNER Minister are Co-Chairmen of the NFNE constituted last month following Modi's direction to supplement the functioning of the DoNER ministry and North Eastern Council (NEC).

On the new funding pattern for central sector projects, Jitendra Singh said that this will only be applicable to the eight northeastern states, unlike the earlier 90:10 funding pattern which was in force for 11 special category states - which also included Himachal Pradesh, Jammu and Kashmir and Uttarakhand.

He said the infrastructure of the northeastern region, which had been neglected for 65 years, had got a boost under the NDA government, with utilisation of funds increasing to Rs 30,000 crore in the last financial year from Rs 24,000 crore in 2014-15 fiscal.

Singh said that for the development of highways and roadways and tourism sectors, two separate corporations were formed and to boost the industrialisation of the region, the "North East Industrial Development Scheme" was finalised last month by the union cabinet with the financial outlay of Rs 3000 crores up to March, 2020.

He said that under the UDAN phase two and phase three, all the northeastern states would be connected by airways and the region's connectivities with the neighbouring countries would be further developed.

Chief Ministers, Deputy Chief Ministers, Planning and Coordination, PWD Ministers of Tripura, Meghalaya, Nagaland, Mizoram, Arunachal Pradesh, Sikkim and Assam and top officials of all the eight northeastern states and various Central ministries attended the day-long NFNE meeting.

Rajiv Kumar said that 14 districts of eight northeastern states among the 115 most backward districts across the country and dubbed as "aspirational" districts, identified to accelerate the all-round development.

Of the 14 districts, seven are in Assam and one each in remaining seven states - Tripura, Meghalaya, Mizoram, Arunachal Pradesh, Nagaland, Manipur and Sikkim.

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Ameya Davda and Devak Davda at the Sewri facility. Pic/Datta Kumbhar

If there is one problem that most of us perennially face in our daily lives, it is the lack of storage space. But, one man's problem could well be another man's opportunity. Entrepreneurs Ameya Davda and Devak Davda's startup, Space Valet, is a case in point. Their recently launched service aims to be a one-stop storage solution that offers private, lockable and secure self-storage units of various sizes to stash your belongings.

Home away from home
"Think of it as the sophisticated spare closet or stock room you've always longed for in Mumbai," says Davda who along with his cousin Devak came up with this idea when they returned to India after completing their studies abroad. "I was in California and Devak in London, and while we were there, we learnt how popular cell storage is among people. It's a 60-year- old concept and almost a 40-billion dollar industry," he adds. On returning to Mumbai, Davda teamed up with his cousin to launch the startup which they felt would be a good fit in an overcrowded city. They then conducted a survey to find out if people would avail of a service like this. "People are always on the lookout for additional storage space, more so in Mumbai," he says. The top reasons for self-storage rental, he observed, was the lack of storage space at home, temporary storage while moving, and storing things people don't want or need. The most popular things being stored are wedding outfits and furniture.

A walk-in closet

How it works
The process is simple. You either call up the facility or browse the website and find a suitable storage plan. You then order as many boxes as you need, and then pack and label your belongings. "You don't need to move a finger. Our tie up with Movers and Packers ensures a pick-up facility. When you want your stuff back, go online and click on the tab to recall the boxes," he explains. The plan starts from R299 a month and goes up to R11,000. Storage options range from boxes to a large store room. The key to the storage lies with the customer only. Cleanliness and security are common concerns among customers, according to the results of their survey. The facility, therefore, has a designated person to solely look after the cleanliness of the storage space. There's also a 24x7 security and surveillance to keep the goods safe. "We maintain the right kind of environment so that your possessions don't deteriorate over time," he says. Now, the big challenge for the duo is to popularise the concept. "We want to educate people that this is a viable solution to your space crunch."

Where: www.spacevalet.in
Price: Rs 299 onward
Call: 9930832832

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Google has rewarded an Uruguayan teenager a "bug bounty" of more than $36,000 for disclosing a severe security flaw. Ezequiel Pereira's sporadic poking around has finally paid off in a big way: Google just awarded the Uruguayan teenager $36,337 for finding a vulnerability that would have allowed him to make changes to internal company systems, CNBC reported on Saturday.

"I found something almost immediately that was worth $500 and it just felt so amazing. So I decided to just keep trying ever since then," Pereira was quoted as saying by CNBC.

"It feels really good - I'm glad that I found something that was so important," he added.

Although, Pereira found the bug earlier this year, he only just got permission to write about how he discovered it this week, after Google confirmed that it had fixed the issue, the report said.

It marks Pereira's fifth accepted bug, but it's by far his most lucrative.

Pereira was about a month shy of 17 when he first got paid for exposing a Google security flaw through its bug bounty programme.

Pereira got his first computer when he was 10, took an initial programming class when he was 11 and then spent years teaching himself different coding languages and techniques.

In 2016, Google flew him to its California headquarters after he won a coding contest.

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

They insist for standing instruction facility for debiting annually.How safe is this ? Normally we are advised by bankers to authorize every time and giving this sort of standing instruction ...will it not amount to a blank cheque?..

Coronavirus fears have spooked the investors worldwide with BSE Sensex and NSE Nifty falling over 25% this month, in line with many other global indices.

After sharp corrections in three trading sessions on March 9, March 12, and March 16 by 5.1%, 8.1% and 7.9% respectively, the Sensex crashed by an overall 22% this month.

Let's dive a bit deeper and look at how the impact has been on individual sectors...

1. While all sectoral indices are in a sea of red since the outbreak of coronavirus, here's a look at the worst hit sectors since coronavirus outbreak:

   Sector	Since 1 March (%)	Since 1 Jan (%)
   BSE Metal	-30%	-45%
   BSE Bankex	-31%	-37%
   BSE Oil & Gas	-24%	-36%
   BSE Auto	-24%	-36%
   BSE Finance	-30%	-36%
   BSE Realty	-31%	-36%
   BSE Capital Goods	-25%	-33%
   BSE Power	-22%	-32%
   BSE Basic Material	-26%	-32%
   BSE Consumer Discretionary	-24%	-28%
   BSE IT	-25%	-27%
   BSE FMCG	-18%	-22%
   BSE Consumer Durables	-24%	-20%
   BSE Healthcare	-15%	-15%
   BSE Telecom	-18%	-14%

   *Note that prices are as on 19 March 2020
2. As you can see in the table above, metal sector has been hit the worst on year-to-date (YTD) basis. Note that, the sector has been witnessing selling pressure since last two years. The coronavirus situation has only exacerbated the situation.
3. Another sector that is largely impacted is banking and NBFCs. After being the most preferred in the Indian equity indices for over half a decade, things have changed for stocks in the financial sector. In India it is a double blow for financial sector in the form of YES Bank fallout and prolonged slowdown which increased the chances of credit quality deterioration.
4. To put things into context, foreign institutional investors (FIIs) were heavily positioned in the Indian financial space, and stocks in the sector witnessed maximum inflows during good times. Downward spiral for financial sector began since IL&FS crisis.
   
   Both, BSE Bankex and BSE Finance Index have plunged over 30% since the beginning of the month.
5. Shares of most hotel, leisure and airline firms have tumbled over 60% year-to-date, as the coronavirus outbreak across the world has forced people to cancel vacation plans. India also stand to lose foreign tourists due to the entry restrictions that have been put in place. And this has meant things getting worse for hotels and airlines sector.
6. Out of the 90 stocks listed on BSE from tourism, hospitality and film distribution segments, only 15 have given positive returns YTD.
7. Another sector that's facing the brunt is the automobile sector. Coronavirus couldn't have come at a worse time for India's auto sector that is battling a prolonged slump in demand. The virus outbreak has added to the pain, hitting production and lowering the demand even further as consumer spending is unusually low. Reportedly, the correction in the auto index is now close to what was seen during the 2008 global financial crisis. BSE Auto Index is down 36% on a YTD basis.
8. The fall in other indices like FMCG, consumer durables, capital goods and IT is relatively moderate as they do not have any direct impact of the pandemic. However, they too have been witnessing selling amid the sharp correction in Indian share markets.
9. Interestingly, Indian pharma has been doing much better than the overall index. Since the beginning of March 2020, the Sensex is down by 26% while the BSE Healthcare index is down only by 15% (till 19 March 2020).
   • One factor is the rupee weakness which has weakened well beyond the Rs 75/$ mark. A weak rupee helps exporters and pharma obviously benefits.
   • Another factor is the spread of the novel coronavirus has led global investors to rush for pharmaceutical stocks recently, on back of a rise in demand for generics and branded generics leading to shortages and over-pricing for drugs.
10. However, as the markets took a breather on Friday, the sectors that rallied the most were BSE FMCG, BSE IT and BSE Oil & Gas indices, gaining over 8% each.

What do you think will be the long-term impact for these sectors? Well, you can let us know by dropping your views in the comments section below.

While most sectors have been falling, our co-head of research, Tanushree Banerjee believes in long term, Indian auto ancillaries, textiles, chemical companies, Pharma R&D contract manufacturers, will all be the major beneficiaries of what she calls the Rebirth of India megatrend.

Also, in times like these, our special report, How to Trade the Coronavirus Crash, will help you get a grip on the current market situation...and figure out ways to profit from it.

This is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. I strongly recommend you read it now. Claim your FREE copy here...

Happy Investing!

Most sectors in the Indian share markets have been drowning in a sea of red due to the crash led by coronavirus outbreak. The biggest blow, however, has been felt by the banking sector.

The sector was already reeling under pressure due multiple factors for quite some time. And things started getting worse since the start of 2020.

Here's a timeline showing some major events that happened in the Indian banking sector and led to the slowdown we are witnessing in the past few months...

1. Mounting Pile of Bad Loans: Indian banks have for years worked to beat down mounting piles of bad loans of the sort that led to the Yes Bank fallout. The ratio of gross non-performing assets (NPAs) at Indian banks rose to 11% in 2018 from about 2% in 2008, before starting to ease off.
2. IL&FS Crisis Kicks Off the Downward Spiral: Foreign institutional investors (FIIs) were heavily positioned in the Indian banking and financial space, and stocks in the sector witnessed maximum inflows during good times. However, they started noticing cracks with consistent negative performance in the banking and financial sector and started moving out of them. The downward spiral for these sectors began since IL&FS crisis camec out into the open.
3. Credit Quality Deteriorates: After being the most preferred sector for over half a decade, things started changing for stocks in the banking sector since 2020. This came as the sector witnessed a double blow in the form of YES Bank fallout and prolonged economic slowdown. And all this only led to credit quality deterioration for banks.
4. YES Bank Crash: The Yes Bank crisis and the sight of Rana Kapoor being taken to court in early March came in as one of the worst months for India's banking sector.
5. Bailout for Yes Bank: To save Yes Bank, a range of Indian lenders led by the State Bank of India (SBI), infused funds in return for an equity stake. The episode came as a jolt to investors, who worried it could exacerbate vulnerabilities in the financial system.
6. Panic Selling Amid SC Order: Then came another blow. Before the dust settled on Yes Bank, the Supreme Court ruled that telecom operators must pay dues worth billions owed to the government. This caused panic-selling in bank stocks due to their heavy exposure to the telecoms sector.
7. Coronavirus Threat: The challenges now facing India's banking sector have reached another order of magnitude due to the coronavirus threat to the economy. Banking stocks have been among the hardest hit.
8. Sharp Fall for BSE Bankex: The BSE Bankex has fallen about 46% so far this year, outpacing the 32% fall in the BSE Sensex. Shares of Axis Bank and IndusInd Bank have lost the most during this period.
9. Relief Measures: Owing to all these shocks, banks have sought various relief measures. On 27 March 2020, the Reserve Bank of India (RBI) came out all guns blazing to arrest a potential slowdown caused by coronavirus (Covid-19). It did not just lower the cash reserve ratio (CRR) by 1% to 3% but also cut the repo rate by 0.75%. Also, there is a three-month moratorium on payment of loan installments.
10. PSB Merger: Then came the major announcement effective from 1 April 2020. First announced in August 2019, the government's ambitious plan to merge 10 state-owned banks into four came into effect from 1 April 2020. The move, aimed at strengthening the banking system and creating more large institutions with size and scale, has seen...
    • Oriental Bank of Commerce and United Bank of India merged into Punjab National Bank,
    • Andhra Bank and Corporation Bank merged into Union Bank of India,
    • Allahabad Bank merged with Indian Bank, and
    • Syndicate Bank amalgamated into Canara Bank

So, that were some top pointers on what the Indian banking sector has been going through amid the coronavirus led stock market crash.

I reached out to Tanushree Banerjee, who is closely tracking the banking sector in the current scenario. Here's her view on the sector...

• The Covid-19 lockdown has hit cash flows of both individual borrowers and corporates. This, in turn, will impact their loan repayment capability.
  
  The RBI's repo rate cut came as a temporary lifeline for Indian companies with debt on books. It will offer both companies and retail borrowers some breather. If banks use this phase judiciously, it may save the NPA ratios from worsening significantly.
  
  However, only the banks that have adequate capital and provisioning cushion may be able to tide over the economic crisis. Eventually, another round of consolidation in private sector banks, like the one after 2002, cannot be ruled out.

Tanushree's latest StockSelect recommendation is one such midcap bank.

You can read the entire report here (requires subscription).

Also, speaking of ongoing stock market crash, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can claim your FREE copy here...

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Controversial Delhi and Districts Cricket Association (DDCA) general secretary Vinod Tihara is in a Meerut jail for allegedly violating GST norms, a development which has come to light a month after he went "incommunicado" and fuelled speculation of being self-isolated with symptoms of COVID-19. "A Delhi resident named Vinod Tihara was arrested by Directorate of Revenue Intelligence (DRI) wing of Noida on March 17 on allegations of violations of GST norms and is currently in Meerut jail," SSP Meerut, Ajay Sahni, told PTI.

The SSP's version was later corroborated by Meerut Jail Superintendent Dr B P Pandey, who gave more details on the charges against Tihara. "Vinod Tihara, a resident of Delhi's Rohini has been in Meerut jail since March 17. The case no is 2/20 and he has been charged under Customs Act 132 and 135," Pandey said. Under Section 132 of Indian Customs Act, "if a person knowingly makes, signs or uses, or causes to be made, signed or used, any false declaration, statement or document in the transaction of any business relating to the customs, he shall be punishable with imprisonment for a term which may extend to 2 years, or with fine, or with both."

Under section 135, there are multiple clauses and sub clauses dealing with "misdeclaration, fradulent evasion and carrying, concealing or purchasing goods which are liable to confiscation." There was no immediate clarity on the exact violation Tihara has been accused of committing. Tihara is Delhi cricket's representative at the BCCI and an influential figure in state's cricket body. He had been "unreachable" since mid-March leaving DDCA officials, including members of his faction, flummoxed.

"For the longest time, we were under the impression that Vinod ji has tested positive for COVID-19. One or two people who contacted his family members were told that he is under isolation. His phone is switched off for the past one month," a senior DDCA office-bearer told PTI. During a recent online hearing in a matter of financial misappropriation of funds, organised by DDCA ombudsman Justice (Retd) Deepak Verma via Skype, one of the body's lawyers, known for his proximity to Tihara, told the apex council members that he had tested positive for novel coronavirus.

"We all freaked out as we had met Tihara till March 15 at various places. We told him that why weren't we informed as we all needed to quarantine ourselves. "He then changed track and said that if you people would have been COVID-19 positive, then you would have known by now. It was very suspicious," the Apex Council member who was suspended that day, said.

In fact, some of the members are now wondering how did a letter signed by Tihara in support of one of the lawyers, whose service was being terminated, was submitted to Ombudsman, when all this while he had been in jail.

It is understood that because of the lockdown, his bail plea has been deferred.

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ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.3%) and TIMKEN INDIA (down 5.3%).

E.I.D. PARRY (up 9.9%) and TV18 BROADCAST (up 6.6%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.0%) and NAVIN FLUORINE (up 111.0%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.5%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). HUL (up 4.6%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.27%).

ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.0%) and TIMKEN INDIA (down 5.1%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 6.3%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.1%), ABBOTT INDIA (up 142.5%) and NAVIN FLUORINE (up 111.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.6%). The top gainers among the BSE Sensex stocks today are HUL (up 5.1%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). HUL (up 5.1%) and DR. REDDYS LAB (up 3.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.32%).

ICICI Bank's board also approved issuances of bonds/notes/offshore Certificate of Deposits in overseas markets up to $3 billion in single or multiple tranches for a period of one year

Malaysia is to use targeted tax breaks to support certain industries in this year's budget and in particular small and medium sized businesses, according to a government minister.

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development have finalized three practice notes intended to support resource-rich developing countries to protect their tax bases from erosion and profit shifting.

On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.

Nearly 433 people have been confirmed to be affected by dengue since January including Navneet Sehgal, principal secretary, Khadi Gram Udyog. Sehgal

Highlights: Women can successfully have a second in vitro fertilisation (IVF)baby IVF is also known as assi

Income from assets of French nationals who work in a state other than a member state of the EU, the European Economic Area or Switzerland may be subject to French social security contributions, the European Court of Justice has ruled.

Highlights: A common intestinal bacterium has been identified that secretes a carcinogen The carcinogen produ

The main UK opposition party Labour has set out its plans for tax reform, in a manifesto released on November 21.

Recently released statistics by Jersey's Government show a steady or improving picture for the financial services sector in 2015.

IWMI commits to a water-secure world as it has announced a new five-year strategy aimed at boosting the center’s research and its influence in tackling global water challenges.

Study finds irrigation more common on city farms than rural farms, intensifying water demands in sprawling urban zones.

If you’re of a certain age, Ethiopia may still invoke images of its devastating mid-1980s famine that gripped people around the world – including celebrities. But the once impoverished country has redefined itself in just over a generation.

Getting involved in high-intensity interval training (HIIT), also called high-intensity intermittent exercise or sprint interval training, can boost your overall fitness levels, reports a new study.

About 60 percent of the region’s people are employed by the agricultural sector, which depends almost entirely on irrigation.

IWMI joins a major UK-funded effort to find solutions.

On the 28 th of February India's finance minister, Pranab Mukherjee, delivered the union budget in the parliament.

Highlights: The Union Budget has been presented in Parliament on Friday 1 st February, 2019 In the health sector,

The conservative Center for Medical Progress in 2015 released video it secretly filmed, purporting to show Planned Parenthood officials haggling over the sale price for aborted human fetuses.

Nobel medicine prize board member has resigned from the body over an investigation into controversial surgeon Paolo Macchiarini. Urban Lendahl, a

Families of the patients who have died at the hands of medical errors want to remove the term 'second victim,' which subtly promotes the belief that patient

New study calls attention to the risk posed by overreliance on COVID-19 testing to make clinical and public health decisions. A false-negative test could

Good news for Couples: A new study suggests that there is a good chance of having a second in vitro fertilisation (IVF) child after the birth of their first child born the same way.

This dashboard is designed to provide critical insights to the hotel community as we weather the storm of COVID-19. Updates are made weekly. Hotel performance by rate category Group pickup and cancellations Future airline bookings Hotel closings Org...

Virginia-based security firm Kryptowire recently reported that there are few Android devices from a Chinese company that are infected with software that collects users’ personal information and conversation made through text messages and calls.

Mr. Angel Gurría, Secretary-General of the OECD, will be in Madrid on 2nd December 2019 to attend the official opening of the UN Climate Change Conference (COP25).

Mr. Angel Gurría, Secretary-General of the OECD, will be in Madrid on 10 March 2020 on an official visit to Spain. He will hold bilateral meetings with Mr. Pedro Sánchez, Prime Minister of Spain and Ms. Arancha González Laya, Minister of Foreign Affairs, European Union and Cooperation of Spain.