When Elon Musk revealed his newborn son’s name, X Æ A-12, he took the internet by storm. Even as the Tesla and Space X explained the meaning of the name, the buzz around it refuses to die down. Mumbai Police, taking a cue from Musk, posted a hilarious cryptic lockdown mandate.

The police department took to Twitter and asked their followers to solve this cyptic lockdown mandate that was written with characters Æ, b, 8 and a home emoji.

*Æ b 8 🏠

Crack this #lockdown mandate.#AMaskDecode

— Mumbai Police (@MumbaiPolice) May 8, 2020

The post that was shared on Friday was quick to catch people’s attention and many tried to decipher the tweet. From answers ranging from ‘Aye, ghar baith’ to ‘All be at home’, the Twitterati realized that the Mumbai Police was asking people to stay at home. Some people also lauded the creativity of the police as they cashed on a trending topic and posting as a public service message.

Aye, Be At Home?

— Easha (@Esssaaa12) May 8, 2020

Ae baith ghar

— Arfat Qureshi (@arfatqureshi327) May 8, 2020

All be at home

— Richie Rich (@picachuppp) May 8, 2020

We should be at home...

— Rachit James (@james_rachit) May 9, 2020

😂..very creative,( Elon Musk )..👍🏻

— Sylvestre Almeida (@Sylvestre_n_twt) May 8, 2020

Wow! Thanks for letting me know the pronounciation of first word 😂

— Sushmush♉ (@sushmasarraf) May 8, 2020

What do you think of the post?

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Suraj Narredu astride Lady in Lace

Growing up in a racing family and watching my father (Satish) and uncle (Malesh) riding as top jockeys, shaped my destiny, and I started riding at a young age. Though record books will tell you that I climbed the ladders of success rather swiftly, no jockey can experience a real sense of fulfillment unless he wins the greatest race of them all — the Indian Derby at Mahalaxmi.

And because both, my father and uncle, had won the great race as jockeys, it was almost a question of continuing the family tradition. So it was a dream realised when I won the 2015 Indian Derby with Be Safe (trained by Malesh), who matched the record of my father, having won the big race both as jockey and trainer. Be Safe thus marked a new chapter in my career. Now I get another opportunity to have my moment in the sun. This Sunday, I will ride another, very capable Derby aspirant in Lady In Lace, trained by Prasad Raju of Hyderabad. Here's why I consider her so special.

I was on the bench with an injury when Raju sent her into the care of my trainer-brother Rajesh Narredu in Bangalore. From the sidelines, I watched her winning two races — one with an apprentice rider (M Ayyer), and the other, with jockey YS Srinath, who also went on to win two more races, including the Fillies' Championship, when she went back to Hyderabad. The trainer optimistically pitched her in the Hyderabad Derby, and in blinding rain, Prevalent Force (ridden by jockey Srinath who had switched allegiance) had to go to the bottom of the well to contain Lady In Lace.

It was a big let down for Raju. Though I had not ridden the filly yet, I felt she was high-class material. The Pune Derby was round the corner. I used my persuasive skills to convince Raju that Lady In Lace should take her chances. She was supplemented at a prohibitive cost with a late entry fee. The rest, as the saying goes, is history. Lady In Lace put up a jaw-dropping show. It was Raju's first Derby winner, and I was thrilled to be part of his team.

Later, Lady In Lace did not even break a sweat when winning the Golconda 1000 Guineas. Shapoor Mistry, a keen judge of horseflesh, opted to buy a 50% share in the filly — that's vindication of the class I always knew she had. She further confirmed my opinion about her when storming past her adversaries late in the lane in the Indian 1000 Guineas. An infection disrupted her training schedule, and she skipped the Indian Oaks. However, she was impressive in a recent mock race. I galloped her on Monday over a mile, and she could not have done better. I strongly believe Lady In Lace is peaking at the right time.

Amazon Prime Video’s all new original, Paatal Lok is already making waves ever since the announcement and then, the trailer assured us that it certainly is the most anticipated show of the time. The unveiled characters are captivating and so is the investigative- thriller storyline.

Taking to their social media handle, Prime Videos also posted the posters of each character and we are truly, stunned! They wrote, “Paatal Lok ka poora rahasya samajhne ke liye yahan ke sabhi praaniyon se milna zaruri hai. New series, May 15 #PaatalLokkeLog”

 

 

 

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#PaatalLok ka poora rahasya samajhne ke liye yahan ke sabhi praaniyon se milna zaruri hai. ⁣ ⁣ new series, may 15 #PaatalLogKeLog

A post shared by amazon prime video IN (@primevideoin) onMay 7, 2020 at 11:04pm PDT

Here, let’s take a look at all the characters which will take us through this gateway of hell in Paatal Lok:

Hathiram Chaudhary played by Jaideep Ahlawat:

 

 

 

View this post on Instagram

jurm aur sachai ki khoj mein kya hathiram ko #PaatalLok ke andhere se guzarna hoga? trailer: may 5, 11:34 am

A post shared by amazon prime video IN (@primevideoin) onApr 30, 2020 at 11:26pm PDT

Washed out but unwavering from his line of duty, Inspector Hathiram Chaudhary will teach you a brilliant lesson in the game of survival. Watch the multi-faceted Jaideep Ahlawat take all the crimes of Amazon Original Series Paatal Lok, head on from May 15, on Amazon Prime Video

Sanjeev Mehra played by Neeraj Kabi:

 

 

 

View this post on Instagram

sanjeev mehra - journalism ki duniya ka ek aisa naam jiska har shabd logon ke liye sach bann jaata hai. #PaatalLok trailer: may 5, 11:34 am

A post shared by amazon prime video IN (@primevideoin) onMay 2, 2020 at 11:15pm PDT

Watch the versatile actor Neeraj Kabi take you through the rise and fall of the fourth estate in Paatal Lok. The trailer gives you a glimpse but there’s a lot more to him.

Hathoda Tyagi by Abhishek Banerjee:

 

 

 

View this post on Instagram

miliye #PaatalLok ke sabse bhayanak prani se, naam hai hathoda tyagi.⁣ ⁣ trailer: may 5, 11:34 am

A post shared by amazon prime video IN (@primevideoin) onMay 1, 2020 at 11:06pm PDT

Ruthless serial killer Hathoda or Vishal Tyagi with a dark past? Watch Abhishek Banerjee play the scariest antagonist the world has seen in the series.

Chaaku played by Jagjeet Sandhu:

Cold-hearted or simply passionate about his knife? Jagjeet Sandhu plays a remorseless killer Tope Singh a.k.a Chaaku in Paatal Lok.

Kabir M by Aasif Khan:

Hiding his true identity to achieve a larger scheme or vying to survive in a cruel world? Asif Khan as Kabir M will make you question the truth in Paatal Lok.

The makers kickstarted the unveiling by releasing the teaser followed by character posters of Jaideep Ahlawat, Abhishek Banerjee and Neeraj Kabi, back to back. The trailer as been receiving appreciation from all across and gives an insight into the storyline of Paatal Lok which will definitely walk you through the gateway of hell.

The highly anticipated Amazon Original Series by Sudip Sharma, (writer of NH10 and Udta Punjab) is set to make viewers have a whole different experience of hell on 15th May 2020.

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Recently, there was news that Pavitra Rishta co-stars and real-life couple Rithvik Dhanjani and Asha Negi had parted ways. Negi and Dhanjani were apparently together for over six years. 

Sources close to the development revealed that the couple had broken up. The report further stated that their close friends have known about it for a month now. Apparently, Asha and Rithvik were living together, and now, the latter has moved out of the house.

Recently, Rithvik shared a couple of posts on Instagram about love and has left everyone wondering if they're meant for Asha Negi. Check them out below:

One of Rithvik's posts reads, "To know love is to know how to give unconditionally. There is no greater wisdom than unconditional love." 

Rithvik and Asha met on the sets of their popular TV show Pavitra Rishta. The couple had also participated in season six of Nach Baliye and won it. Speaking about marriage, Asha had previously said in an interview, "We are not thinking of marriage anytime soon. Not after three-four years. We want to be settled professionally first. We only think about our careers only at this point in time."

On the work front, Rithvik was last seen as the host on the dance reality show, Super Dancer: Season 3. Asha Negi, on the other hand, was seen in the web series, Baarish, in 2019. The actress also has a film, Ludo, her film debut, in the pipeline.

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A lot of Bollywood filmmakers and actors have said that the legacy of Hindi Cinema will now be split into pre-Corona and post-Corona. And during this lockdown, nobody will forget the fact that it was all also the time when we got the opportunity to see some unseen and amazing throwback pictures of Television and Bollywood celebrities. Joining the bandwagon is Ramayan's Sita aka Dipika Chikhlia.

For all those who grew up in the 90s, this picture will surely put a smile on your face. But here's a genuine question- How many of you knew that Superstar Rajesh Khanna also graced her wedding reception? In case you feel it's not true, here's some proof.

Have a look at the picture right here:

 

 

 

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Rare Rajesh khana attending Dipika Chikhliya Marriage photo #90s #Ramayan #ramayan #dipikachikhlia #sita #bollywoodmovies #rajeshkhanna

A post shared by The90sIndia (@the90sindia) onApr 20, 2020 at 6:02am PDT

Such was the legacy of the TV show that they all got a call from the then Prime Minister Rajiv Gandhi and he personally wanted to meet the team and facilitate them. And the actress even took to her Instagram account to share a picture with him, have a look:

 

 

 

View this post on Instagram

This is the 1st time we were felicitated ....we realized we were a part of a legacy Ramayan ..we created history ...remember the day vividly when we got a call from delhi to meet the PM ...#rajivgandhi#feliciate#delhji#ramayan#ramayanworld#sagarworld#shivsagar#lockdowndisriessa

A post shared by Dipika (@dipikachikhliatopiwala) onApr 25, 2020 at 8:39pm PDT

Ramayan and Mahabharat were truly historic in their own ways, and the reruns have been phenomenal with never-seen-before TRPs. Well, as they say- Old Is Gold!

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Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues. She was responding to the opposition's allegations of loan waivers worth Rs 68,607 crore in the form of write-offs of top 50 wilful defaulters during the first half of the financial year ended March 2020. The Finance Minister, through a series of tweets posted late night on Tuesday, said that the Congress has attempted to mislead people, and former Congress President Rahul Gandhi should introspect why his party fails to play a constructive role in cleaning up the system. "Shri @RahulGandhi MP (LS) and Shri @rssurjewala spokesperson of @INCIndia have attempted to mislead people in a brazen manner.

Typical to @INCIndia, they resort to sensationalising facts by taking them out of context. In the following tweets wish to respond to the issues raised. "@INCIndia and Shri.@RahulGandhi should introspect why they fail to play a constructive role in cleaning up the system. Neither while in power, nor while in the opposition has the @INCIndia shown any commitment or inclination to stop corruption & cronyism," she said. Highlighting that between 2009-10 and 2013-14, scheduled commercial banks had written off Rs 1,45,226 crore, she quipped, 'Wished Gandhi consulted former Prime Minister Manmohan Singh on what this writing-off was about'. She also referred to media reports quoting former Reserve Bank of India (RBI) governor Raghuram Rajan as having said that a large number of bad loans originated in the period 2006-2008 and "too many loans were made to well-connected promoters who have a history of defaulting on their loans".

"Those defaulters who do not repay despite having capacity to pay, divert or siphon-off funds, or dispose of secured assets without bank's permission are categorised as wilful defaulters. They are those well connected promoters who benefitted from UPA's `phone banking'," she added. In another tweet she said, "Earlier, on 18.11.2019, in the Lok Sabha for an unstarred Question no:52, a list of 'Borrowers flagged as wilful defaulter by Public Sector Banks under CRILIC (Central Repository of Information on Large Credits) reporting as on 30.09.2019 (For borrowers with exposure of Rs. 5 crore and above, Global operations) was provided."

Bank-wise details of aggregate funded amount outstanding and amount technically/prudentially written off pertaining to top 50 wilful defaulters was provided as an annex to the answer to Lok Sabha starred question 305 of Gandhi on March 16, 2020. However, Congress leader Rahul Gandhi on Tuesday said he had asked the government in Parliament the names of the top 50 bank loan defaulters, but the Finance Minister did not answer his question. "Now the RBI has given the names of Nirav Modi, Mehul Choksi and many of BJP's ''friends'' in the list of bank frauds. That is why this truth was held back from Parliament," Gandhi said in a tweet in Hindi.

The Congress alleged the government waived loans worth Rs 6.66 lakh crore since 2014 till September 2019. Sitharaman said this is an attempt of Congress leaders to mislead on wilful defaulters, bad loans and write-offs. She emphasised that it is the Narendra Modi-led government which is pursuing cases against these wilful defaulters and 9,967 recovery suits, 3,515 FIRs, invoking of Fugitive Amendment Act in cases are on now. The total value of attachment and seizures in the cases of Nirav Modi, Mehul Choksi and Vijay Mallya is about Rs 18,332.7 crore, she said. Sharing details, she tweeted: "Vijay Mallya Case: Total value at the time of attachment was Rs 8,040 crore and of seizure was Rs 1,693 crore. Value of shares at the time of seizure was Rs 1,693 crore. Declared fugitive offender. On extradition request by GoI, UK High Court, has also ruled for extradition."

In case of Mehul Choksi she said, "attachments of Rs 1,936.95 crore including foreign attachment of Rs 67.9 crore. Seizure of Rs 597.75 crore. Red Notice issued. Extradition request sent to Antigua. Hearing for declaration of Mehul Choksi as fugitive offender is in progress." On the Nirav Modi case, the Finance Minister said, "Immovable and movable properties worth more than Rs 2,387 crore attached/seized. (Attachment Rs 1,898 crore and Seizure Rs 489.75 crore). This includes foreign attachments of Rs 961.47 crore. Auction of luxury items for Rs 53.45 crore. He is in prison in the UK."

Provisions are made for non-performing assets (NPAs) as per the four-year provisioning cycle laid down by the RBI, she said, adding, upon full provisioning being done banks write-off the fully provided NPA but continue to pursue recovery against the borrower and no loan is waived off. On Tuesday, Congress chief spokesperson Randeep Surjewala demanded answers from the Prime Minister on why their loans were waived. "This is a classic case of promoting ''dupe, deceive and depart'' policy of the Modi government, which can no longer be accepted and the prime minister has to answer," Surjewala said. He said the entire country is fighting the coronavirus and the government has no money to pay.

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ates, but has the money to condone and write off Rs 68,607 crore of bank loan defaulters.

A day after reopening the liquor shops, Andhra Pradesh government on Tuesday increased alcohol prices by 50 per cent. The government said the move was aimed at discouraging liquor consumption. The shops had reopened on Monday with a hike of 25 per cent in liquor prices.

A day after reopening the #liquorshops, #AndhraPradesh government on Tuesday increased alcohol prices by 50 per cent.

The government said the move was aimed at discouraging liquor consumption. The shops had reopened on Monday with a hike of 25 per cent in liquor prices. pic.twitter.com/u3cb6rO5f6

— IANS Tweets (@ians_india) May 5, 2020

However, the hike failed to deter the tipplers, who gathered in large numbers at the shops across the state, flouting the social distancing norm to check the spread of COVID-19. As the scenes of long queues and chaos raised fears of further spike in the number of corona cases in the state and the government came under criticism for encouraging liquor sale during a pandemic, it hiked the prices by 50 per cent on Tuesday.

Officials said the new prices will come into force with immediate effect. However, shops will open only after the issue of formal orders and the new prices are updated online. There was utter confusion on Monday when the shops reopened for the first time after the lockdown began as the prices following 25 per cent hike were not updated online.

The government claimed that another 50 per cent hike has been taken as further step towards discouraging alcohol consumption. With the latest hike the prices have increased by 75 per cent in two days. Officials said the latest decision was taken to discourage liquor consumption in view of the conditions that prevailed on Monday.

The YSR Congress Party (YSRCP) government said the number of liquor shops would be further reduced by 15 per cent by the end of this month. The YSRCP, which had promised total prohibition, started phase-wise implementation after coming to power in May last year.

As a first major step towards prohibition in October last year, the Jagan Mohan Reddy government took over the state. The state-owned Andhra Pradesh Beverages Corporation Limited (APBCL) took control of the liquor shops from private contractors after reducing the number of outlets to 3,500 from 4,380 earlier.

In December, the government had claimed that as a result of its steps the liquor consumption came down in the state.e retail liquor business and increased the price to discourage consumption.

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Hollywood actress Blake Lively will be soon seen in a post-apocalyptic thriller about a woman fighting for the survival of her family. For the film, Lively teams up with director Shawn Levy. Titled Dark Days At The Magna Carta, it will stream on Netflix, reports hollywoodreporter.com.

Netflix is working on the project with an aim to create a trilogy. Michael Paisley is on board to write the screenplay. Lively will also back the movie through her B For Effort banner along with Kate Vorhoff. Levy will produce via his 21 Laps banner with partner Dan Cohen.

While the details are being kept a secret, it is being described as "a character-driven thriller set against a catastrophic event and centres on a woman going to extreme lengths to survive and save her family".

Paisley was the one who came up with the story. She started conceptualising the story last year, but the ideas took form when the pandemic began around the world, including the US. The story is not related to a contagion, but "a world-altering event is a key foil and themes of isolation and strength of family emerge".

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Treatment guidance for prostate cancer patients is not optimal because current clinical tests do not clearly differentiate between slow-growing and aggressive forms. An EU-funded project is addressing this by studying the underlying molecular mechanisms of the disease to enable personalised and effective treatment.

Spanish League LaLiga President Javier Tebas has made it clear that cancelling the 2019/20 season is not an option and they are exploring various options and scenarios as the situation develops amid the ongoing outbreak of novel coronavirus. Spain's football industry is one of many-hit by the COVID-19 pandemic and like any other sector, next steps will depend on the advice of health authorities. "Nulling and voiding the season is not an option on the table. But we are reviewing multiple scenarios, such as what happens if we play behind closed doors and what happens if we play with crowds and what happens if games aren't played," Tebas told reporters on videocall.

"We have to look at all possibilities, but we're not working towards a situation where we don't complete the season. "We're looking to ensure the best health conditions for players for when they resume training and we're looking to reduce the economic risk. "This is a health pandemic, but also an economic pandemic," he added.

The league President provided figures for each of these situations, outlining that the estimated total economic impact for not resuming the season would be 1bn euros. Completing the season behind closed doors would lead to losses of 300m euros and it would be 150m euros for resuming it with fans after this delay. On the likelihood of matches being resumed behind closed doors, Tebas said: "We will not have fans until the health authorities allow it. The decision does not depend on LaLiga or the clubs. We know it can affect future seasons so we are calculating the potential impact."

Tebas explained that LaLiga is considering all of the finer details that various scenarios could entail, such as whether or not matches can be held at the usual stadiums due to planned renovation works, the need to extend player contracts, pending fees due to clubs from past transfers, maintaining Financial Fair Play rules, payments from broadcasters and the knock-on effects for the 2020/21 season.

Tebas also mentioned that the last weekend of May is the first possible date for LaLiga to resume, with European competitions playing in July. A later option would be for LaLiga and European competitions to start on June 6 and play an alternating schedule. Finally, LaLiga and other domestic leagues could start on June 28 with European competitions starting again in August after the domestic leagues finish.

"We can't put an exact date on when we'll return as the Spanish government's health authorities have to set that," he said. "There are two options for organising the schedules, one with domestic leagues at the weekends and European matches midweek or another option is to work towards finishing the domestic leagues first." The league President also underlined that the football industry plays a major role in Spain's economy. It accounts for 1.37 percent of Spain's GDP and an estimated 185,000 jobs, meaning that any losses suffered could have a domino effect elsewhere.

"The most important aspect of this is that we protect our future," Tebas noted. "What we're working towards here is to save the future of football."

"By acting now, we can ensure that we have a sustainable model," he added."We will not forget the responsibilities we have to everyone."

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India's star footballer Sunil Chhetri has gone out of his way in order to help a fan who approached him online in order to get a free Netflix account.

Not only did Sunil Chhetri give the fan a Netflix subscription but also handed him a personally signed jersey.. This was after this fan had asked Sunil Chhetri to share his Netflix ID and password during coronavirus pandemic. The fan also stated that the football captain could change the password after the lockdown is done.

Taking to Twitter, Sunil Chhetri posted a screenshot of a message he received on Facebook and wrote: "Jersey X Autograph on a picture X Reply to the post X Video wishing the neighbour's son's pet dog X. Here's someone who has priorities straight and it's really making me want to consider the demand."

Netflix India's Twitter handle took note of this message from Chhetri and went on to reply: "While we on that topic, could we also get your autograph on a picture?"

In the true spirit of a barter, how about you guys hand the kid a two-month subscription and I'll send a signed shirt and a picture your way? Do we have a deal? https://t.co/Ub0WaMcutg

— Sunil Chhetri (@chetrisunil11) May 3, 2020

Sunil Chhetri then proposed a 'barter' deal and asked for a two-month free subscription for the fan in return for an autographed jersey from him.

He wrote: "In the true spirit of a barter, how about you guys hand the kid a two-month subscription and I will send a signed shirt and a picture your way? Do we have a deal?"

In reply, Netflix India's Twitter handle posted: "How about we send him both the jersey and a subscription card? Let's make his day."

To this, Chhetri replied: "Sounds great guys, now that we've got this figured out. Subscription for the kid, Shirt for the kid, Shirt for you guys."

The boy had earlier sent a Twitter post to Sunil Chhetri. Take a look at the shared post by the footballer.

Jersey ❌
Autograph on a picture ❌
Reply to the post ❌
Video wishing the neighbour's son's pet dog ❌

Here's someone who has priorities straight and it's really making me want to consider the demand. 😂 pic.twitter.com/OdBGrS7g5v

— Sunil Chhetri (@chetrisunil11) May 2, 2020

Earlier, in a series of tweets, Chhetri had announced that the members of the Indian team had come together and 'put on table a sum that has been sent to the PM-Cares Fund' to help in the fight against coronavirus.

Inputs from IANS

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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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Washington D.C.: When eating an apple can save you from a doctor then consuming an egg will significantly reduce the risk of cardiovascular diseases. Cardiovascular disease (CVD) is the leading cause of death and disability worldwide, including China, mostly due to ischaemic heart disease and stroke (including both haemorrhagic and ischaemic stroke).

Unlike ischaemic heart disease, which is the leading cause of premature death in most Western countries, stroke is the most responsible cause in China, followed by heart disease.

Eggs are a prominent source of dietary cholesterol, but they also contain high-quality protein, many vitamins and bioactive components such as phospholipids and carotenoids.

Previous studies looking at associations between eating eggs and impact on health have been inconsistent, and most of them found insignificant associations between egg consumption and coronary heart disease or stroke.

Therefore, a team of researchers from China and the UK led by Professor Liming Li and Dr Canqing Yu from the School of Public Health, Peking University Health Science Center, set out to examine the associations between egg consumption and cardiovascular disease, ischaemic heart disease, major coronary events, haemorrhagic stroke and ischaemic stroke.

They used data from the China Kadoorie Biobank (CKB) study, an ongoing prospective study of around half a million (512,891) adults aged 30 to 79 from 10 different geographical areas in China.

The participants were recruited between 2004-2008 and were asked about the frequency of their egg consumption. They were followed up to determine their morbidity and mortality.

For the new study, the researchers focused on 416,213 participants who were free of prior cancer, cardiovascular disease (CVD) and diabetes.

From that group at a median follow-up of 8.9 years, a total of 83,977 cases of CVD and 9,985 CVD deaths were documented, as well as 5,103 major coronary events.

At the start of the study period, 13.1 percent of participants reported daily consumption (usual amount 0.76 egg/day) and 9.1 percent reported never or very rare consumption (usual amount 0.29 egg/day) of eggs.

Analysis of the results showed that compared with people not consuming eggs, daily egg consumption was associated with a lower risk of CVD overall.

In particular, daily egg consumers (up to one egg/day) had a 26 percent lower risk of haemorrhagic stroke - the type of stroke with a higher prevalence rate in China than in high-income countries - a 28 percent lower risk of haemorrhagic stroke death and an 18 percent lower risk of CVD death.

In addition, there was a 12 percent reduction in risk of ischaemic heart disease observed for people consuming eggs daily (estimated amount 5.32 eggs/week), when compared with the 'never/rarely' consumption category (2.03 eggs/week).

This was an observational study, so no firm conclusions can be drawn about cause and effect, but the authors said their study had a large sample size and took into account established and potential risk factors for CVD.

This study was published in the journal Heart.

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Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country.

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Indian spinner Ravichandran Ashwin on Tuesday revealed the misconception he had about cricket while growing up.

The International Cricket Council had posted a tweet, asking everyone to reveal the misconception they had about cricket growing up.

To this Ashwin replied: "That all cricketers had aerated drinks to regain lost energy and keep good health".

Ashwin was last seen in action during India's two-match Test series against New Zealand in February this year.

The off-spinner played just one match in the series and went on to take three wickets in it.

India ended up losing the series 0-2, but the side is still at the top of the World Test Championship standings.

All sporting action across the world has come to a halt due to the coronavirus pandemic.

Ashwin would have been in action for Delhi Capitals in the Indian Premier League (IPL) if the tournament had started on March 29.

However, the tournament was postponed until April 15 due to the coronavirus pandemic.

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.

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The novel Coronavirus has been wrecking havoc in the world with scores of people infected and many lives claimed. Amid a time when countries are imposing lockdown on their citizens, restricting their movements, a digital artist posted a cryptic message of hope with a picture that has gone viral.

Phil Shaw, a digital printmaker posted a picture of a stack of books on a shelf, placed in a way that the titles when read together, forms a message about the pandemic and social distancing. He uses bestsellers such as Stephen King’s It, Adam Thorpe’s Still, Ginger Simpson’s Hope Springs Eternal and Mark Billingham’s In The Dark among others.

The UK-born artist posted the picture on his Instagram page last week, captioned, “Shelf isolation 2 - the story so far...” that has received 2,854 likes so far. The cryptic message in the books kept in the first shelf reads, “"The English patient had caught it on the beach. I should have stayed at home she said. Now she was in quarantine in the dark house of splendid isolation.

The books placed in the second shelf reads, “"Still hope springs eternal with a little bit of luck and personal hygiene. The corona book of horror stories must end soon. Always remember clean hands save lives and when in doubt don't go out!"

 

 

 

View this post on Instagram

A post shared by Phil Shaw (@philshaw775) onApr 10, 2020 at 1:20am PDT

Since it was posted online, it has been received comments of praise from netizens across the globe. One user said, “this is FANTASTIC!” Another user said, “Wow... Did you have all these books already? Perhaps I should try reorganising my bookshelves.” A user said, “I love how the last book on the top shelf promises the hopeful turn that plays out on the bottom. Bravo!

This is not the first time Shaw has posted such a picture. Here’s another picture of a book artwork where he conveys a message about social distancing.

 

 

 

View this post on Instagram

A post shared by Phil Shaw (@philshaw775) onMar 31, 2020 at 6:45am PDT

What do you think of this post?

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On November 15, 2019, the European Commission announced the launch of an in-depth state aid investigation into tax exemptions provided to Italian ports, but welcomed commitments from Spain to abolish similar exemptions for Spanish ports from next year.

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On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes.

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Sugary soda consumption downs kidney blood flow, and raise the risk of developing chronic kidney disease, according to a study in the iAmerican Journal of Physiology-Renal Physiology/i.

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A lab report from USA revealed that premium brands of processed iodized salt sold in India contained alarming levels of carcinogenic and harmful components such as potassium ferrocyanide.