ses

Coronavirus oubreak: With 1,396 new cases, India's COVID-19 count climbs to 27,892

As many as 1,396 new cases of COVID-19 were reported in the last 24 hours, taking the total number of confirmed cases to 27,892 in India, said Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, here on Monday. He said that a total of 381 people have recovered in the past day and the recovery rate now stands at 22.17 per cent.

Briefing the press here, Agarwal said: "1,396 new positive cases were reported in the last 24 hours, which takes our total confirmed cases to 27,892." "20,835 people are under active medical supervision. 381 patients got cured in the past one day. The total number of cured people is 6,184. Recovery rate has surged to 22.17 per cent," added Agarwal.

"16 districts in the country, which earlier had cases, have not reported any fresh cases for the last 28 days. The three new districts, which got added to this list are -- Gondia in Maharashtra, Devangere in Karnataka and Lakhisarai in Bihar," said Agarwal. Apart from that, 85 districts in States and Union Territories have not reported any new cases in the last 14 days, he said.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus oubreak: With 1,463 new cases, total number of COVID-19 rises to 28,380

As India battles COVID-19, the corona cases on Monday soared to 28,380 with 1,463 new cases and 60 deaths reported in the last 24 hours, as per the data shared by the Union Ministry of Health and Family Welfare on Monday evening. The total coronavirus cases in India are inclusive of 6,361 cured and discharged patients, one migrated and 886 deaths. At present, there are 21,132 active COVID-19 cases in the country.

Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, here on Monday said that 16 districts in the country, which earlier had cases, have not reported any fresh case for the last 28 days. The three new districts, which got added to this list are -- Gondia in Maharashtra, Devangere in Karnataka and Lakhisarai in Bihar. Apart from that, 85 districts in States and Union Territories have not reported any new cases in the last 14 days, he said.

Meanwhile, the Indian Council of Medical Research (ICMR) has advised the State governments to go for the RT-PCR test, which "detects the virus early and is the best strategy to identify and isolate the individual." The advisory with the subject line -- 'Advisory on Rapid Antibody Blood Tests Regarding' -- states: "ICMR advocates that RT-PCR throat/nasal swab test is the best use for diagnosis of COVID-19. RT-PCR test detects the virus early and is the best strategy to identify and isolate the individual."

"Several states have procured rapid antibody test kits and on their demand, the ICMR has also provided these kits with clear instructions that they are to be used only for surveillance purpose. Some States have raised issues regarding their performance during the testing exercise that they have undertaken." The States have also been advised by the ICMR to stop using these kits procured from the two companies -- Guangzhou Wondfo Biotech and Zhuhai Livzon Diagnostics -- and return them to be sent back to the suppliers.

The Union Ministry of Health and Family Welfare on Monday also asserted that not a single rupee was lost on rapid antibody test procurement. "After the receipt of some supplies, the ICMR has again conducted quality checks on these kits in field conditions. Based on the scientific assessment of their performance, the order in question (Wondfo) along with the order in respect of another make found under-performing have been cancelled.

It needs to be stressed that ICMR has not made any payment whatsoever in respect of these supplies. Because of the due process followed (not going for procurement with 100 per cent advance amount), the Government of India does not stand to lose a single rupee," said a press release from the Ministry of Health and Family Welfare. Lockdown has yielded positive results as the country has managed to save thousands of lives in the past one and a half months, said Prime Minister Narendra Modi on Monday while interacting with Chief Ministers via video conference on the prevailing COVID-19 situation.

"Lockdown has yielded positive results as the country has managed to save thousands of lives in the past one and a half months. India's population is comparable to that of the combined population of several countries. The situation in many countries, including India, was almost similar at the start of March. He, however, he warned that the danger of the virus is far from over and constant vigilance is of paramount importance.

During the video conference, various Chief Ministers put forth their views and suggestions to contain the coronavirus and mitigate the resultant woes. Puducherry Chief Minister V Narayanasamy sought an economic package, saying that majority of the Chief Ministers wanted the continuation of the lockdown after May 3 due to the rise in coronavirus cases in the country.

"Most of the Chief Ministers told the Prime Minister that the lockdown should continue and that some economic activity should be started slowly," he said. "These Chief Ministers were of the view that the way in which cases are increasing, there should be a cautious approach and the Prime Minister should take a call on the basis of their observation. Even most of the BJP-ruled states' CMs said that lockdown should be continued and economic activities should be started slowly," said Narayanasamy.

In a significant move, Chief Justice of India (CJI) SA Bobde on Monday said that the apex court has given proper directions to the Centre to provide food, shelter, psychological counselling and other basic necessities to the needy people during the lockdown.

"We have given proper directions to the Central government to provide food, shelter, psychological counselling and other basic necessities to the needy people during this COVID-19 lockdown," CJI Bobde told reporters here. He said that the judiciary is doing whatever it can at this time of crisis.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus outbreak: With 1594 new cases, India's COVID-19 tally surges to 29,974

With 1,594 new cases of COVID-19 reported in the last 24 hours and 51 deaths, India's total count of coronavirus cases surged to 29,974, said the Union Ministry of Health and Family Welfare on Tuesday.

The total cases are inclusive of 7,026 cured and discharged patients, one migrated and 937 deaths. At present, there are 22,010 active COVID-19 cases in the country.

Addressing a press conference here, Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, said that in the last 28 days, 17 districts have had no new Covid-19 cases. "This means we need to maintain constant vigil," he added.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

India's COVID-19 tally reaches 31,332; death toll crosses 1,000 mark

India's tally of COVID-19 cases has reached 31,332, said the Union Ministry of Health and Family Welfare on Wednesday. With 73 more deaths reported, the number of deaths due to coronavirus in the country breached the 1,000 mark and stood at 1,007. The tally is inclusive of 22,629 active coronavirus cases, 7,695 patients who have been cured/discharged and one patient migrated.

According to the Ministry, Maharashtra has the most number of COVID-19 cases with 9,318 cases of which, 1,388 patients have been cured/discharged while 400 patients have succumbed to the virus. Gujarat has the second-highest number of positive cases in the country with 3744 cases including 434 patients cured/discharged and 181 deaths.

Delhi's tally stands at 3314 cases of which, 1078 patients have recovered while 54 patients have succumbed to the virus. Madhya Pradesh has a total of 2387 positive cases including 377 patients recovered/discharged and 120 fatalities.

Meanwhile, Goa (seven cases; all seven recovered), Arunachal Pradesh (one case; now recovered), Manipur (two cases; both recovered), Tripura (two cases; both recovered) have reported no new cases of COVID-19.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Rishi Kapoor passes away: Prominent political leaders pay tribute on Twitter

Legendary Bollywood actor Rishi Kapoor passed away due to complications arised from cancer on Thursday morning, leaving behind a legacy of almost 50 years in the film industry. Ever since the news of his passing broke, tributes have been pouring in for the actor from the film industry and the political world, where he was remembered as a jovial person.

Prominent politicians have taken to Twitter to express their grief and offer their condolences to the Kapoor family. Prime Minister Narendra Modi, Congress leader Rahul Gandhi, Union Information and Broadcasting Minister Prakash Jawadekar, Rajasthan Chief Minister Ashok Gehlot, Delhi Chief Minister Arvind Kejriwal were among the politicians who offered their condolences on Kapoor’s passing on the micro-blogging site.

Rishi Kapoor was admitted to the Sir HN Reliance Foundation Hospital in Mumbai on Wednesday. His notable films as a romantic hero are "Laila Majnu", "Rafoo Chakkar", "Karz", "Chandni", "Heena" and "Saagar". He was, however, more proud of his second innings as an actor, which he found more satisfying. His notable films as a character artiste are "Do Dooni Chaar" with wife Neetu, "Agnipath", "Kapoor & Sons" and "Mulk".

Catch up on all the latest Crime, National, International and Hatke news 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




ses

71 new COVID-19 cases in Nashik; district tally rises to 276

The number of coronavirus cases in Nashik district of Maharashtra has gone up to 276 as 71 more people have tested positive for the disease, an official from the district administration said on Thursday. Most of the new cases are from the district's Malegaon town, he said. The new patients include six police personnel and three children - aged three months, 5 years and 11 years.

Out of the total 276 cases, 253 have been reported from Malegaon, 10 from Nashik city, 11 from other parts of the district and two patients are from outside the district who are undergoing treatment in hospitals here.

There was no change in the death toll which stood at 12, the official said. Till date, 11 people have recovered from the disease in the district and discharged from hospitals, he added.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus outbreak: With 1,718 new cases, India's COVID-19 count rises to 33,050

As many as 1,718 COVID-19 cases were reported in the last 24 hours, taking the total number of cases to 33,050 in the country, said the government on Thursday. The total cases are inclusive of 23,651 active cases and 8,324 cured/discharged/migrated ones, said Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, while addressing media persons here.

Agarwal said: "A total of 1,718 new cases were reported in the last 24 hours, taking the total number of cases to 33,050." A total of 630 patients have been recovered in the last 24 hours.

As far as testing and treatment protocol is concerned we have to use RTP-CR test only, Agarwal said.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

India's doubling rate of COVID-19 cases increases to 11 days from 3.4

The current doubling rate for COVID-19 cases has improved to 11 days as against 3.4 days before the lockdown was imposed, while the case fatality has been recorded at 3.2 per cent, the health ministry said. Addressing a press briefing, health ministry Joint Secretary, Lav Agarwal said the doubling rate of COVID-19 cases was found to be between 11-20 days in Delhi, UP, Jammu and Kashmir, Orissa, Rajasthan, Tamil Nadu and Punjab.

Doubling rate between 20-40 days has been seen in Karnataka, Ladakh, Haryana, Uttarakhand and Kerala, he added. In the last 24 hours, 1,718 new cases of COVID-19 were reported, taking the total number to 33,050 in India, he said.

Agarwal further said that the current case fatality rate is 3.2 per cent for COVID-19 in the country, with 65 per cent of it males and 35 per cent females.

No way to withdraw the lockdown: Tripura CM

Dilip Ghosh, Bengal BJP chief

'I was dumbstruck on hearing the CM say that she was not involved in the formation of the death audit committee. The CM says she even doesn't know who all are in the panel. Then who is running the govt? It must be a ghost. Otherwise, she wouldn't have made such a remark'

Biplab Kumar Deb, Tripura chief minister

'We do not find any way to withdraw the lockdown as it is the only viable means to break the chain of the Coronavirus outbreak. It seems we have to continue with the lockdown andwe have to withdraw some restrictions in a phased manner'

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

COVID-19: 68-year-old dies in Pune, district toll crosses 100

A 68-year-old COVID-19 patient died in Pune on Saturday, taking the total toll to 100 in the district, a health official said. The cause of the patient's death is acute respiratory failure due to ARDS with myocarditis with coronavirus infection.

"A 68-year-old patient who had tested positive for COVID-19 passes away in Pune. The cause of death is acute respiratory failure due to ARDS with myocarditis with COVID-19 infection. Total death toll in Pune district is now 100," an official said.

According to the Union Health Ministry, the total number of COVID-19 cases across the country surged to 37,336, including 26,167 active cases, 9,951 cured/discharged/migrated and 1,218 deaths.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Eminent Kannada poet Nissar Ahmed passes away at 84

Eminent Kannada poet and writer K.S. Nissar Ahmed passed away here after prolonged illness, an official said on Sunday. He was 84. "Ahmed died at his residence in the city's south-west suburb after prolonged illness due to age-related complications," a state information department official told IANS here.

Born on February 5, 1936 at Devanahalli on the city's northern outskirts, Ahmed was a prolific writer in Kannada and penned poems, plays, short stories and novels.

A post-graduate in geology, Ahmed worked in the mines and geology department of the state government at Gulbarga in the state's northern region in the 1950s-60s before moving to Bengaluru to teach the subject (geology) at the state-run central college in the city centre and later at Chitradurga and Shimoga in the state's Malnad region during the 1970s.

"Ahmed is a recipient of several awards and honours, including Padma Sri and Sahitya Academy award in 2008 and state awards like Pampa in 2017, Nadoja in 2003 and Rajyotsava in 1981," the official recalled. Kuvempu University at Shimoga awarded honorary doctorate to Ahmed in 2010.

Ahmed is well known for his poems "Nityotsava" and other popular works such as "Manasu Gandhi Bazaru", "Sanje Aidara Male" and "Manadondige Mathukathe".

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus outbreak: 1,074 COVID-19 patients cured in last 24 hours, recovery rate rises to 27.52 percent

With 1,074 COVID-19 patients getting cured in the last 24 hours, India's recovery rate has further moved to 27.52 per cent, said the Ministry of Health and Family Welfare on Monday. Talking to media persons here, Lav Agarwal, Joint Secretary, Union Ministry of Health and Family Welfare, said: "A total of 1,074 people have been cured in the last 24 hours. This is the highest number of cured patient in a day. 11,706 people have been cured till to date. The recovery rate is 27.52 percent."

On April 30, 630 COVID-19 patients had recovered in the 24 hours, taking the recovery rate to 25.19 per cent in the country which was 23.3 per cent on April 28.

According to the official data, India has registered 2,553 new COVID-19 cases in the last 24 hours, which have surged the total number to 44,532.

"A total of 2,553 cases have been increased in the last 24 hours which led the total number of cases to 44,532," Agarwal said.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus outbreak: India COVID-19 cases cross 46,433 mark, death toll over 1,500

The total number of COVID-19 cases in the country climbed to 46,433 on Tuesday morning, the Union Health Ministry said.

Of the total cases, 32,138 are active, 12,726 people have recovered, and 1,568 have succumbed to the disease.

Maharashtra remained the worst-hit state with the total number of cases rising to 14,541 and 583 deaths, though 2,465 people have recovered from the deadly virus.

Gujarat has reported 5,804 cases so far followed by Delhi with 4,898 cases, according to the Health Ministry data.

The other states which have seen a sharp rise in cases are Madhya Pradesh (2,942), Rajasthan (3,061), Tamil Nadu (3,550) and Uttar Pradesh (2,766).

Maharashtra has the highest number of fatalities, among all the states, followed by Gujarat with 319 deaths, Madhya Pradesh 165, Rajasthan 77 and Delhi 64.

Among other major states, Andhra Pradesh has reported 1,650 cases and 36 deaths so far, Bihar 528 cases and four deaths, Haryana 517 and six deaths, Jammu and Kashmir 726 cases and eight deaths, Karnataka 651 and 27 deaths and Kerala 500 cases with four deaths.

The states which have reported less than 10 cases are Tripura, Mizoram, Puducherry, Manipur and Arunachal Pradesh.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus outbreak: Total number of COVID-19 cases in India stand at 46,711 with 1,583 deaths

The total number of novel coronavirus cases in India mounted to 46,711, the Union Health Ministry said on Tuesday. In an evening update, the Health Ministry said of the total cases, 31,967 are active cases, and 1,583 have succumbed to the disease. However 13,160 people have recovered so far.

The total number of deaths suddenly saw a spike in West Bengal. The Ministry said the total toll reported from West Bengal was 133. It was 61 on Monday. Earlier at a presser, Joint Health Secretary Lav Aagarwal had said that states should report on time about the number of cases and fatalities in order to ensure better management of cases.

Maharashtra continued to top the chart with a total 14,541 cases followed by Gujarat with 5,804 cases and Delhi with 4,898 cases. Other states which saw a surge in cases are Madhya Pradesh (3,046), Tamil Nadu (3,550), Rajasthan (3,061), Rajasthan (3,061) and Uttar Pradesh (2,859). States which reported over a thousand cases are Andhra Pradesh (1,717), Punjab (1,233), Telangana (1,085) and West Bengal (1,259).

States which saw a significant number of cases are Bihar (529), Haryana (517), Jammu and Kashmir (726), Karnataka (659), Kerala (500), Odisha (170), Chandigarh (102) and Jharkhand (115).

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus outbreak: 3,900 cases, 195 deaths in just 24 hours

As many as 3,900 new COVID-19 cases and 195 fatalities were reported in the last 24 hours, the biggest spike in a single day, the health ministry said on Tuesday and asserted that "some states" were not reporting cases in a timely manner, which is now being addressed.

Addressing the daily briefing on the COVID-19 situation in the country, joint secretary at the health ministry, Lav Agarwal said the total number of cases stand at 46,433 and the death toll at 1,568. "We are dealing with an infectious disease. Thus timely reporting of cases and their management is very crucial and gaps in these areas were noted in some states, which after due persuasion are being addressed," Agarwal said.

The ministry said 1,020 COVID-19 patients recovered in the last 24 hours, taking the total number of those cured to 12,726, a recovery rate of 27.41 per cent. "We are very comfortable in terms of managing COVID-19 as of now, but any laxity at the field level may have consequences," he said. The lockdown has yielded very positive results, doubling time of cases has improved from 3.4 days before lockdown to 12 days now, he added.

JEE, NEET exams to be held in July

Engineering entrance examination JEE will be held from July 18-23, while medical entrance exam NEET will be conducted on July 26, Union HRD Minister, Ramesh Pokhriyal announced on Tuesday. The two crucial exams were postponed due to the lockdown imposed in the country to combat COVID-19. "JEE-Mains will be held from July 18-23, while JEE-Advanced will be held in August. NEET will be conducted on July 26," he said. "A decision will soon be taken on the pending CBSE Std X, XII board exams," he added.

Vistara sends seniors on LWP for four days

Vistara CEO, Leslie Thng on Tuesday announced that senior employees will have to go on compulsory leave without pay (LWP) for up to four days per month in May and June as a measure to conserve the airline's cash flow to tide over the difficulties faced by the aviation sector due to lockdowns across the world. Vistara had sent the same set of senior employees on compulsory LWP for up to six days in April.

BJP demands Mamata's resignation

After the West Bengal government released fresh data about the COVID-19 situation in the state, the BJP launched a scathing attack on it. State BJP in-charge and party General Secretary, Kailash Vijayavargiya demanded the resignation of Chief Minister, Mamata Banerjee. Vijayavargiya said that Banerjee should speak in a serious manner and take responsibility. She has no right to continue in office, she should resign. He said that Mamata is only doing politics, she has nothing to do with the lives of people.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

COVID-19 cases in India reach 49,391, death toll at 1,694

The number of COVID-19 cases in the country reached 49,391, according to the Ministry of Health and Family Welfare on Wednesday morning. This includes 33,514 active cases, and 1,694 deaths due to the infection so far.

However, 14,182 persons have been cured and discharged so far, according to the Health Ministry. One patient has migrated. Maharashtra with 15,525 cases is the worst-affected state, while Gujarat with 6,245 cases is second on the list.

Delhi with 5,104 COVID-19 cases is the third most-affected by the infection.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

COVID-19 cases reach 52,952 in India, death toll 1,783

The total number of COVID-19 cases in the country mounted to 52,952 on Thursday evening, with 3,561 new cases and 89 deaths in the last 24 hours, the Union Health Ministry stated. Of the total cases, 35902 are the active cases, 15266 people have recovered, and 1,783 people have succumbed to the disease.

Maharashtra remained the worst hit state with a total number of cases rising to 16,758, followed by Gujarat which reported 6,625 cases and Delhi with 5,532 cases, according to the Health Ministry data.

Maharashtra has also recorded 651 deaths, the highest number of casualties among all the states.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Coronavirus outbreak: India's COVID-19 fatality rate 3.3 percent, total cases rise to 52,952

India's fatality rate of COVID-19 patients is 3.3 per cent and recovery rate 28.83 per cent but the number of cases rose by a steep 3561 taking the total count beyond the 50,000 mark to 52,952. Of the total number of cases, 35,902 are active cases, 15,266 cured or discharged and 1,783 persons have died. While 3561 new confirmed cases have been added since yesterday, 1084 patients have been cured.

Health Minister Harsh Vardhan on Thursday held a meeting today with Health Ministers of Uttar Pradesh and Odisha, and senior officials from both Centre and the states to review the situation, actions being taken and preparedness for management of COVID-19.

He said that as on May 7, a total of 52,952 cases have been reported from the country. He noted that in comparison to other countries, India is in a better condition as the fatality rate is 3.3 per cent and recovery rate is 28.83 per cent.

The minister said that 4.8 per cent patients in ICU, 1.1 per cent on ventilators and 3.3 per cent on oxygen support of the active cases. The testing capacity has increased in the country and it is 95,000 tests per day. Cumulatively, 13,57,442 tests have been done so far for COVID 19. There are 180 districts with no new cases in less than 7 days, 180 districts with no new cases in 7-13 days, 164 districts which have not had any new case in 14- 20 days and 136 districts with no new cases since the last 21-28 days.

In view of the increase in the number of migrant labour expected to reach their native states in the days to come, Harsh Vardhan noted that robust strategy and mechanism need to be drawn up for their testing, quarantine, and treatment of the positive cases.

States were also informed that helpline number 104 in addition to 1075 can be used for grievance redress for non-COVID essential services. They were advised to take adequate measures for prevention of vector diseases. AIIMS-Delhi Director Dr Randeep Guleria said that as per the modeling data and the way India's COVID-19 cases are increasing, it is likely that peak can come in June and July. Maharashtra continues to have the highest number of cases in the country at 16,758 followed by Gujarat (6,625) and Delhi (5,532)

No new case of COVID-19 has been reported in Kerala on Thursday and the total number of active cases stands at 25. The Union Health Minister and Minister of State for AYUSH Shripad Yesso Naik jointly launched clinical research studies on Ayurveda interventions as an add-on to standard care to COVID 19 situation and AyushSanjivani application.

Vice President and Chairman Rajya Sabha M. Venkaiah Naidu held a meeting with Lok Sabha Speaker Om Birla and discussed the situation regarding COVID19 disease in the country and role being played by members of Parliament. Naidu and Birla also discussed the issue of feasibility of various committees of Parliament holding their meetings at the earliest in the prevailing situation. They felt that if the situation does not allow regular conventional meetings of the committees in the near future, alternative means of enabling such meetings may be explored.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

No COVID-19 cases in 216 districts till now

As many as 216 districts in the country have not reported any COVID-19 cases till now, 42 districts have not registered any infections in the last 28 days and 29 districts have not recorded any case in the last 21 days, the Union health ministry said on Friday. The ministry asserted that if dos and don'ts are followed, the peak in number of COVID-19 cases can be avoided. Addressing a press conference, joint secretary in the health ministry Lav Agarwal said India's recovery rate stands at 29.36 per cent with 16,540 COVID-19 patients cured till now, including 1,273 who recovered in the last 24 hours.

A total of 3,390 COVID-19 cases and 103 deaths have been reported in the last 24 hours till Friday 8 am, taking the total number of cases to 56,342 and death toll to 1,886, according to the ministry.

Giving a district-wise situation, Agarwal said there are 216 districts in which no COVID-19 case has been reported till date. Forty-two districts have had no fresh cases in the last 28 days, there are 29 districts with no fresh cases in the last 21 days, 36 districts with no fresh cases in the last 14 days and 46 districts with no fresh cases in the last seven days, he said.

Asked about AIIMS Delhi Director, Dr Randeep Guleria's remarks citing data that the peak of the disease in India may be reached in June or July, Agarwal said, "If we follow dos and don'ts, we may not reach the peak in number of COVID-19 cases and our curve may remain flat."

Agarwal also said that that the ICMR will conduct clinical trial to assess the safety and efficacy of convalescent plasma therapy in 21 hospitals. The hospitals where the trials will be conducted comprise five from Maharashtra, four from Gujarat, two each from Rajasthan, Tamil Nadu, Madhya Pradesh, UP and one each from Karnataka, Chandigarh, Punjab, Telangana.

He said 3.2 per cent of total active COVID-19 cases are on oxygen support, 4.2 per cent in ICU and 1.1 per cent on ventilator. During the briefing, Agarwal also said the railways has converted 5,231 coaches into COVID Care Centres which will be placed at 215 identified railway stations and will be used for treatment of very mild and mild COVID19 patients.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

India inches towards 60,000 COVID-19 cases

Total number of Covid-19 cases in the country mounted to 59,662 on Saturday, with 3,320 cases and 95 deaths reported in the last 24 hours, the Union Health Ministry said. Of the total, 39,834 are active cases, 17,846 people have recovered, and 1,981 people have succumbed to the disease. Maharashtra remained the worst hit state with a total number of cases rising to 19,063, followed by Gujarat which has reported 7,402 cases. Delhi has reported 6,318 cases and Tamil Nadu 6,009 cases, according to the Health Ministry data.

Maharashtra has also recorded 731 deaths so far, the highest number of casualties among all the states. Other states which have jumped the 3,000 mark are Madhya Pradesh (3,341), Rajasthan (3,579), Tamil Nadu (6,009) and Uttar Pradesh (3,214). Among other major cities, Andhra Pradesh has reported 1,887 and 41 deaths, Bihar stood at 571 cases and five deaths, Haryana at 647 and eight deaths, Jammu and Kashmir at 823 cases and nine deaths, Karnataka at 753 and 30 deaths and Kerala was docked at 503 and four deaths.

States which have reported less than 10 cases are -- Tripura, Mizoram, Puducherry, Manipur, Goa and Arunanchal Pradesh.

On the global front, the total number of cases are about to touch four million mark and over two lakh people have died due to coronavirus till now.

Catch up on all the latest Crime, National, International and Hatke news 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

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




ses

Comedian-actor Tim Brooke-Taylor passes away due to coronavirus

Comedian-actor Tim Brooke-Taylor has died after contracting coronavirus, his agent said. He was 79 years old. Brooke-Taylor was a regular panellist on BBC Radio 4's "I'm Sorry I Haven't A Clue" for over 40 years and became popular with "The Goodies" on TV in the 1970s.

Brooke-Taylor began his acting career at Cambridge University. He was even part of the TV show "At Last The 1948 Show", where he starred alongside John Cleese and Graham Chapman.

"It has come as devastating news to hear that Tim has succumbed to this dreadful virus a" especially when we all thought he was recovering. Tim was a delightful man and never anything but great company," said comedian Jack Dee, who hosts "I'm Sorry I Haven't a Clue", reports thesun.co.uk.

"It has always been one of the great joys of my career to work with someone who was part of the comedy landscape of my childhood. "I can't bear the thought of introducing 'I'm Sorry I Haven't A Clue' without being able to say 'And on my right, Tim Brooke-Taylor'. Tim brought a unique quality to Clue. He was a proper team player, very generous as a performer, never egotistical and always more than delighted to set himself up as the b**t of the joke. For me, his great comedy gift was playing the injured innocent and he did it with brilliance and a characteristic lightness of touch."

"It's always heartbreaking to lose a loved one, but these times have created the cruellest of circumstances for that to happen in and my thoughts are with his wife Christine and all his family," Dee said.

Comedy writer Simon Blackwell tweeted: "Heartbreaking news about Tim Brooke-Taylor. Filled so many people's childhoods with massive laughs, and then kept doing so for decades afterwards. Condolences to his family and friends."

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




ses

Pitbull releases new song, proceeds to go to COVID-19 relief

Rapper Pitbull has dropped his latest song, "I believe that we will win". Proceeds from the song will be donated to coronavirus relief efforts across the globe.

He has released the song along with a lyric video showcasing the song's inspiring message, reports etonline.com. "You know what spreads faster than any virus? Fear/And when it comes to fear, you can either forget everything and run, or you can face everything and rise," Pitbull raps in the track.

"Let me tell you what I believe/ I believe we will face everything and rise." Pitbull had asked healthcare workers, parents and more to be a part of his new music video, which is yet to drop, last week.

"We believe that we can overcome. We are calling all students, medical workers, first responders, parents, grandparents, everyone from all over the world to be a part of Pitbull's video anthem. Proceeds will be going to various charities around that world," read a notice asking fans to submit videos of themselves dancing to the song.

Pitbull has been encouraging fans to maintain hope amid the coronavirus outbreak. "Let's show the world, how powerful it is when we come together to fight for one cause - that's called life," he had posted on Instagram on March 28.

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




ses

Coronavirus Outbreak: Harry Potter studio tour buses provide free transport to NHS workers

Branded Harry Potter buses that generally take fans to Warner Bros.' The Making of Harry Potter studio tour in the UK are now being used to transport key National Health Service (NHS) workers for free between hospitals battling coronavirus.

The buses have been provided by Warner Bros. Studios Leavesden and bus operator Golden Tours to transport key workers between West Herts Hospitals NHS Trust's three sites, reported Variety.

"Our workforce has been depleted due to sickness or self-isolation and so it's really important that those staff who are well but have transport issues can come back," Variety quoted Paul da Gama, chief people officer at West Herts Hospitals as saying.

"A special shuttle bus, which will have strict social distancing rules, is the perfect solution and we are so grateful to Warner Bros. Studios Leavesden and Golden Tours for making this happen. Our staff might not be travelling to exotic locations or seeing behind the scenes of a major movie, but they will be making magic happen in their own way," he added.

The free service runs its first journey just after 6 a.m. and its last drop-off at 10:40 p.m. (local time) between the Trust's three sites.

"We couldn't think of a better way to use the buses at this time. We are delighted to play a part in supporting our local NHS in its time of need," Variety quoted a spokesperson for Warner Bros. Studios Leavesden as saying.

The UK has reported more than 90,000 confirmed cases of coronavirus while the toll due to the coronavirus has surged past 12,000.

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




ses

Renowned bass guitarist Matthew Seligman passes away at 64 after a battle with Coronavirus

Renowned bass guitarist Matthew Seligman, who played with late music icon David Bowie at Live Aid in 1985, has died after a battle with Coronavirus. He was 64.

Seligman is best known for his role in the new wave scene in the 1980s. He was a member of The Soft Boys and The Thompson Twins, also collaborating with Thomas Dolby.

Dolby, 61, confirmed Seligman's death and said a candlelight vigil to remember the star would be held on YouTube live on April 19, reports dailymail.co.uk. "Matthew would want us to remember the good times and have a party," Dolby said.

Seligman had been battling COVID-19 for two weeks and had been on a ventilator at a hospital in London. He leaves behind son Deji, daughter Lily, and Mami, his partner, and Lily's mother. He was born in Cyprus and raised in England. The bassist first came to prominence as a founding member of Bruce Woolley and the Camera Club, and the psychedelic group The Soft Boys.

Seligman gained a reputation as a session musician and collaborated with Morrissey, Tori Amos, Sinead O'Connor, and David Bowie. He even played at Bowie's iconic 1985 performance at Live Aid to an audience of billions and also featured on his next two albums.

The Soft Boys member Robyn Hitchcock paid tribute to his former bandmate, saying: "Everybody goes, but none of us was expecting Matthew to leave us so abruptly, forever. I'm profoundly grateful to have played music with him - you could really see his face light up like a full moon when he listened back to a take he enjoyed."

"Onstage he would lope and lurch and pace when the music moved him. Matthew is, was, and always will be one of the greats, Hitchcock added.

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




ses

Extraction | Randeep Hooda: Focused on bodyweight exercises, agility work

Despite being armed with years of equestrian training, Randeep Hooda recalls being "daunted" to commence physical prep work with Chris Hemsworth for Extraction. The actor's fears were not unwarranted when one considers how Hemsworth punched his way through 22 Marvel films as the superhero Thor, only to go on and launch one of the most successful fitness platforms in Hollywood.

"We'd train together almost each day. Chris said he didn't benefit from traditional gym training for his action [films] and hence took to [functional and agility work]. When I'd ask him why he'd do shoulder presses with one hand, he'd tell me how it worked in improving his core strength. [I too changed the way] I used the muscles of the core and shoulders," says Hooda, adding that despite being as famous as he is, the Australian star's demands during his India sojourn were rather trifling.

"The only thing he wanted was organic food, which his [nutritionist] would cook for him. All the stuff that his team did, inspired me to change the traditional way I [trained]. I took to compound movements, and learnt the importance of [practising] bodyweight [exercises]. Developing presence of mind and command over the body to enable it to do everything you want it to do, was [my biggest takeaway] during our three-week rehearsals before we rolled," says Hooda, who battles Hemsworth in a series of high-octane action sequences in the upcoming Netflix offering.

For debutant director Sam Hargrave, working on Extraction was both a familiar and alien experience at once. While on one hand, the former stuntman for Avengers' Captain America was reuniting with Hemsworth and producers Russo Brothers, on the other, he was exploring the unfamiliar terrain of India, where his film is based, and even employing languages that he couldn't himself comprehend.

"It is due to Sam's vision that we could create this world. We went through a lot of rehearsals [for the combat sequences]. Sam, along with the action team, ensured that the physicality was on point, and the scenes were realistic. I'd also watch the stuntmen, who had peculiar ways of training. They'd practice low-ground work, and take to exercises to strengthen the joints and ligaments. I'd watch them in awe as they performed martial arts and flips."

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




ses

'Green Acres' sitcom star Tom Lester passes away

Tom Lester, the actor who is famous for his role in the classic sitcom 'Green Acres', died on Monday due to Parkinson's disease complications. He was 81. The news of his demise was announced by his family, cited The Hollywood Reporter.

He died in the Nashville home of his fiancee and long-term caregiver, Jackie Peters, his family announced. The late actor is widely popular for his role as the friendly Hooterville farmhand Eb Dawson in the 1965 released sitcom - 'Green Acres.'

The Mississippi native also appeared in hit shows, including 'Petticoat Junction', 'The Beverly Hillbillies,' 'Love, American Style', and 'Little House on the Prairie.'

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




ses

Pixar director, story artist Rob Gibbs passes away

Veteran director, story artist and writer of many Pixar films -- Rob Gibbs passed away at the age of 55. A company spokesperson confirmed the news, the cause of death was not immediately known, cited The Hollywood Reporter. The artist, who has spent more than 20 years with the company, has contributed immensely to the animation industry. Gibbs' contribution to many well-known and successful Pixar films, included 'Toy Story 2', 'Finding Nemo', 'Monsters, Inc., and more.

His credits also included the short film 'Tokyo Mater' in 2008, and the series 'Mater's Tall Tales' and 'Tales From Radiator Springs' from the 2012 Cars franchise - 'Brave'. The California resident also contributed to 'Monsters University', and also the upcoming 'Monsters at Work' series for Disney+ and 'Incredibles 2.'He is survived by his daughter Mary, who was the voice of Boo in several 'Monsters, Inc.' projects.

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




ses

Scrubs actor Sam Lloyd passes away at 56

American character actor Sam Lloyd - best known for portraying lawyer Ted Buckland on the sitcom 'Scrubs' - has died, confirmed his agent on Friday. He was 56. The statement did not indicate when he died. According to Fox News, in January 2019, Lloyd was diagnosed with a brain tumor shortly after his wife Vanessa gave birth to their first child together -- a son named Weston, according to a GoFundMe page for the late actor.

Doctors also found that cancer had metastasized from his lungs and spread to his spine, jaw and liver, per the page, which was created by 'Scrubs' executive producer Tim Hobert.

In addition to the long-running series "Scrubs," Lloyd appeared in a handful of shows over the span of his career, including 'Cougar Town,' 'Desperate Housewives,' 'Seinfeld,' 'Modern Family,' 'The West Wing' and 'Shameless,' as well as movies such as 'Flubber' and 'Galaxy Quest.'

Lloyd also sang in an a cappella group The Blanks, which performed on 'Scrubs' as The Worthless Peons. He also played bass guitar in the Beatles tribute band The Butties, according to Variety.

Tributes from the 'Scrubs' family poured in, following news of his passing.

The creator of 'Scrubs,' Bill Lawrence shared a behind-the-scenes snapshot of Lloyd, captioning it: "Thinking a lot about Sam Lloyd today. (Ted). Truly such a kind, sweet guy. He will be missed by so many."

Zach Braff tweeted: "Rest In Peace to one of the funniest actors I've ever had the joy of working with. Sam Lloyd made me crack up and break character every single time we did a scene together. He could not have been a kinder man. I will forever cherish the time I had with you, Sammy."

Sharing a photo of himself alongside Lloyd, Robert Maschio wrote: "Simpler times, happier days, the kindest man I ever met. Easy going Sam, Rest In Peace. #RIPSamLloyd."

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




ses

Art director on Luke Cage, Matteo De Cosmo passes away due to coronavirus

New York-based art director Matteo De Cosmo, who worked on popular series such as 'Luke Cage' and 'The Punisher', has died at the age of 52 due to complications from COVID-19. He also worked on ABC Studios series 'Harlem's Kitchen', which halted production in March because of the pandemic.

"Making television is challenging. But there are people that assure you every day with their talent, passion and smile that anything is possible. Matteo was one of those people. We will miss him," said 'Harlem's Kitchen' showrunner Zahir McGhee in a statement to The Hollywood Reporter. De Cosmo is survived by his wife, Aris, and son, Marcello.

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




ses

Teacher advises girl not to date student; gets threatened with revolver

Pune: A 18-year-old student along with his three friends on Saturday threatened a tuition teacher with a revolver for advising a girl to not to go out with him. The Boisar police arrested the youth and his accomplice and confiscated three country-made revolver and ten bullets.

According to Hindustan Times, the alleged incident occurred in Boisar, where the accused identified as Manish Tiwari, a college student, threatened his tuition teacher Ranbir Paswan with country-made pistols. The four accused studies English in Paswan's tuition.

The alleged incident occurred after Tiwari reportedly asked the girl, who also studies in the same tuition, out for Dahanu beach. The girl then complained to Paswan about the incident, to which he suggested to ignore Tiwari and concentrate on her studies.

When Tiwari learned about Paswan's advice to the girl, he and his three friends went to Paswan's class the same evening and threatened him with country-made pistols saying that he would kill him if he did not let the girl go out with him, said the spokesperson of the Palghar police, Hemant Katkar.

Following the incident, Paswan approached the Boisar police station and registered a complaint against Tiwari and his accomplices.

Acting on the complaint, some police personnel was sent to the class in civil clothes. When the accused returned to the class, the police caught the accused and his allies. Three country-made revolvers and ten bullets were confiscated from them.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get the latest updates

The article has been sourced from a third-party source and Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. All information provided in this article is for informational purposes only.





ses

Fire breaks out at Shivneri luxury buses garage in Pune

Pune: Fire broke out at a garage of Shivneri luxury buses in Pune on Wednesday. The garage of Shivneri luxury buses is owned by Maharashtra State Road Transport Corporation (MSRTC). "Two fire tenders along with two water tankers are present at the spot," officials told ANI.

However, no casualties have been reported so far. Further details in the matter are still awaited.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates





ses

NCP opposes biopic on Narendra Modi; says it violates election COC

Soon after the Bollywood movie trailer on the biopic of Prime Minister Narendra Modi was out, the opposition on Thursday strongly opposed claiming that it is violating moral Code of Conduct of election. The teaser trailer of the biopic was released on Thursday.

In Pune, once the trailer was out, the NCP warned the Pune theatre association to avoid showcasing the movie or bear consequences. The NCP was supported by Maharashtra Navnirman Sena (MNS).

Speaking to mid-day, Balashaheb Patil, President Art and Culture president of Maharashtra State said, "We have warned the Theatre Association in Pune and on Friday we will be filing moral code of conduct violation by BJP. As this biopic that is an attempt to influence voters, we will report to the administration that the movie is a violation of the election code of conduct. If this movie is released, the theatres they will have to bear consequences and the film producers, distributors and administration will be responsible for it."

Actor Vivek Oberoi plays the lead role in the upcoming biopic on Narendra Modi. Besides Vivek, the film also stars Suresh Oberoi, Barkha Sengupta, Prashant Narayanan, Darshan Kumar, Boman Irani, Zarina Wahab, Manoj Joshi, Anjan Shrivastav, Karan Patel and Akshat R Saluja. The film is produced by Sandip Ssingh.

Also Read: PM Narendra Modi biopic violating Election Commission rules?

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates





ses

Well collapses in Pune; 60-year-old man dies under debris

In a bizarre incident, a 60-year-old labourer lost his life after he was trapped under the debris of a well which collapsed near Ganesh Nagar Kolar Vadi in Ambegaon on Thursday night. The police have identified the deceased as Kishan Dhami Gawade (60), a resident of Kolarbadi in Ambegoan, Pune. The local residents along with the police and National Disaster Response Force (NDRF) rushed to the spot to rescue the man.

NDRF commandant Pandit Ithape said, "The under-construction work of the well is going on and around 50 feet has been dug. On Thursday, around 7 pm, as it was dark, the labourers inside the well we're moving out. A part of the debris fell on Kishan who was trying to move out."

"We were alerted about the incident and immediately rushed to the spot at around 9 pm. The debris was too huge to be dug out manually. Initially, we used a JCB, but to avoid any injuries to the victim, the jawans thus started digging and around 5 am, we found his body. He was rushed to hospital but was declared dead." he added.

In another incident, in an attempt to take a selfie proved fatal for two youths as they fell into a well in Rajasthan's Sikar district, police. The incident took place in Reenu village of Laxmangarh town when Rajesh Godara and Irfaan were taking a selfie near the well, DSP Brij Mohan Aswal said. The duo died as they slipped and fell into the well, he said. The bodies were handed over to the family members today after conducting postmortem, he added.

Also Read: Mumbai: Aid for kin of three victims who drowned in Vile Parle well

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates





ses

Hrithik Roshan expresses gratitude by delivering hand sanitizers to on-duty Mumbai Police

With the entire nation coming to a standstill by the pandemic, there are professionals whose livelihood has been dearly affected. In a distressing situation like this, Hrithik Roshan has stepped forward again to help duty officers who are working non-stop. The actor delivered hand sanitizers to the Mumbai Police.

Mumbai Police, on Thursday, tweeted, “Thank you @iHrithik for this thoughtful gesture of delivering hand sanitisers for Mumbai Police personnel on duty. We are grateful for your contribution towards safeguarding the health and safety of our frontline warriors. #MumbaiPoliceFoundation.”

Hrithik expressed his gratitude towards the officials. “My gratitude to our police forces, who have taken our safety in their hands. Stay safe. My love & respect to all in the line of duty,” he on Friday morning.

Earlier, Hrithik Roshan extended support by arranging for N95 and FFP3 masks for the BMC workers and caretakers and also facilitated over 1.2 lakh nutritious cooked meals for the needy. He has also financially supported the paparazzi of Bollywood who are facing the brunt of the lockdown.

ALSO READ: Hrithik Roshan, Anushka Sharma, Varun Dhawan and other Bollywood celebrities react to Vizag Gas leak




ses

Raveena Tandon misses Rishi Kapoor, shares a video he recorded for her father’s 80th birthday

Veteran actor Rishi Kapoor breathed his last on April 30 after his prolonged battle with leukemia. He was diagnosed in 2018 and headed to New York for his treatment. He was back in Mumbai in September 2019. He passed away at the age of 67 in Mumbai. The Kapoor family, friends, and fans continue to remember him on social media.

On Thursday, Raveena Tandon shared a video of Rishi Kapoor which he had recorded for her father Ravi Tandon for his 80th birthday. “Dearest dearest Chintu uncle.. you are missed everyday. Just before his going to New York for treatment, he recorded this for papa, and then surprised him by being there with us on papas birthday. ♥️ you will always be there at home and in our hearts forever Chintuuncle. ♥️ we love you,” she wrote on Instagram.

A week ago, she recalled the time when Rishi Kapoor praised her. “My heart had filled with pride when I read this praise coming from chintu uncle in the press.. saved this cutting from the year 2009. So many memories and broken hearts you leave behind .#farewell #foreverlove Will miss you too much chintu uncle,” she said.

Raveena Tandon and Rishi Kapoor starred in Saajan Ki Baahon Mein in 1995.

ALSO READ: Flashback Friday: Kareena Kapoor Khan shares old photo of Rishi Kapoor with Randhir, Babita and RD Burman




ses

Money Heist director Alex Rodrigo chooses Vijay as El Profesor, Shah Rukh Khan for Berlin's role, Ranveer as Denver for Indian version

Spanish drama Money Heist aka Le Casa De Papel on Netflix has quickly become of the most-watched shows on the streaming giant. From El Profesor to Tokio, fans absolutely love the characters. Bollywood Hungama recently shared the dream cast if Bollywood adapted it as a film.

During a recent interaction with Behindwoods, Money Heist director Alex Rodrigo was asked who would he select from the list of the Indian actors for the Indian version. Alex chose South superstar Thalapathy Vijay for the role of El Profesor whereas he said Shah Rukh Khan would be best suited for Berlin's role. He further said Ajith Kumar could play Bogota, Ranveer Singh as Denver. He wanted Mahesh Babu and Suriya to take on the roles Tamayo and Suarez. Thalapathy Vijay's fans trended 'Money Heist' in India on Thursday night on Twitter.

Created by Álex Pina, Money Heist aka Le Casa De Papel stars Álvaro Morte as The Professor, Itziar Ituño as Raquel, Úrsula Corberó as Tokyo, Miguel Herrán as Rio, Jaime Lorente Lopez as Denver, Alba Flores as Nairobi, Darko Peric as Helsinki, Esther Acebo as Monica, Hovik Keuchkerian, Rodrigo de la Serna, and Pedro Alonso as Berlin.

ALSO READ: From Shah Rukh Khan to Alia Bhatt, here’s the dream cast of Money Heist if remade in Bollywood




ses

Varun Dhawan wishes ladylove Natasha Dalal on her birthday, says he chooses her over UFC

Varun Dhawan and Natasha Dalal have been dating each other for years now and had even spent their New Years in Switzerland. The couple is usually spotted together on vacations and family functions while their fans have been rooting for them to tie the knot for quite some time. Varun Dhawan fans are aware of how he’s a UFC enthusiast and even had the opportunity to meet some of the fighters last year.

With Natasha Dalal turning a year older today, Varun Dhawan had the sweetest birthday wish for her. he posted a picture of them from one of their vacations along with a picture of Natasha and her pet as she celebrated the birthday under quarantine. The caption reads, “Happy birthday ???? nata. I choose you over the ufc ????”

Take a look at the pictures.

 

View this post on Instagram

 

Happy birthday ???? nata. I choose you over the ufc ????

A post shared by Varun Dhawan (@varundvn) on

On the work front, Varun Dhawan is currently awaiting the release of Coolie No. 1 where he will be seen sharing the screen space with Sara Ali Khan for the first time.

Also Read: Tiger Shroff flaunts his melodious voice with ‘Theher Ja’ and Varun Dhawan is floored




ses

Leeds legend Norman Hunter loses COVID-19 battle

Leeds United legend Norman Hunter died on Friday at the age of 76 after testing positive for coronavirus. "Leeds United are devastated to learn of the passing of club icon Norman Hunter at the age of 76," the club said in a statement. "Norman was taken to hospital last week after being diagnosed with COVID-19 and despite continuing to battle and the best efforts of NHS staff, he sadly lost his fight earlier this morning," the statement added.

Hunter made his Leeds debut in 1962 when he was just 18 years old. Hunter amassed a huge 726 appearances for Leeds United over a 14 year period, the club's most successful to date, earning the infamous nickname "Bites Yer Legs".

He won a total of 28 caps for England and was in the 1966 World Cup-winning squad, whilst was also the first winner of the PFA Players' Player of the Year in 1974.

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

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




ses

COVID-19: Brazilian footballer Gabriel Jesus provides 400 food baskets, raises Rs 3.7 crore

Manchester City's Brazilian footballer Gabriel Jesus is doing his best to help his country during the COVID-19 pandemic. Gabriel has donated three tonnes of food to the poor in Brazil's notorious favelas from where he emerged as a footballer. He recently arranged for 400 food baskets to be delivered to Sao Paulo's Jardim Peri neighbourhood where he grew up.

The player has also got together with famous Brazilian singer Beto for a song that has been uploaded on YouTube to raise funds.

Gabriel, 23, has reportedly helped raised £370,000 (approx Rs 3.7 crore) alongwith fellow footballers to help some 32,000 families with relief material. Back in Brazil, when he played for Palmeiras as a teenager, Gabriel, then 17, earned around £3,500 a year (approx R3 lakh) before he went on to bag a whopping £75,000-a-week (approx Rs 67 lakh) contract with Manchester City in 2016.

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




ses

Legendary footballer Chuni Goswami passes away at 82

Legendary former India footballer Chuni Goswami, who captained the 1962 Asian Games gold-winning team, died on Thursday after suffering a cardiac arrest.

The iconic sportsperson, who also played first-class cricket for Bengal, was 82 and breathed his last at a hospital here. He is survived by his wife Basanti and son Sudipto. "He suffered a cardiac arrest and died in the hospital at around 5pm," a family source told PTI.

Goswami was suffering from underlying ailments, including sugar, prostrate and nerve problems. Goswami played 50 matches for India as a footballer from 1956 to 1964. As a cricketer, he represented Bengal in 46 first-class games between 1962 and 1973.

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




ses

COVID-19 Related Disruption Causes Franklin Templeton Mutual Fund to Wind-down Six Debt Schemes

Posted by Equitymaster
      

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.

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

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.

--- Advertisement ---
FREE Guide for You: Find the Next Crorepati Stock in this Futuristic Industry

Tanushree Banerjee, the co-head of research, just shared her latest guide:

Find the Next Crorepati Stock in this Futuristic Industry

And she has agreed to make it available for free for a limited time.

If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing...

Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run.

She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit'

We expect this to a huge event... with more than 10,000 people attending it LIVE.

You simply can't miss it.

Click Here to Download the Guide & Block Your Seat Now. It's Free.
------------------------------

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:

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.

-------------Advt.-----------

If you wish to invest in a readymade portfolio of top recommended equity mutual funds based on the 'Core & Satellite' approach to investing, I recommend that you subscribe to PersonalFN's Premium Report, "The Strategic Funds Portfolio For 2025 (2020 Edition)".

This premium report will help you build your optimum mutual funds portfolio for 2025 without any effort on your part. If you haven't subscribed yet, do it now!

--------------------------------

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
(Source: Franklin Templeton Mutual Fund)

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.

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds



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.




ses

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

Posted by Equitymaster
      

Unnerving movements for debt mutual funds investors!

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

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

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

--- Advertisement ---
FREE Guide for You: Find the Next Crorepati Stock in this Futuristic Industry

Tanushree Banerjee, the co-head of research, just shared her latest guide:

Find the Next Crorepati Stock in this Futuristic Industry

And she has agreed to make it available for free for a limited time.

If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing...

Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run.

She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit'

We expect this to a huge event... with more than 10,000 people attending it LIVE.

You simply can't miss it.

Click Here to Download the Guide & Block Your Seat Now. It's Free.
------------------------------

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.

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

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.

--- Advertisement ---
Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss

Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event.

And with the corona crash, this opportunity has only become even more exciting.

And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run.

So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours.

Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE.

Click here to find out how you can claim your FREE copy
------------------------------

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.

Every month, PersonalFN's FundSelect service will provide you with insightful and practical guidance on equity mutual funds and debt schemes - the ones to Buy, Hold, or Sell.

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

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

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.




ses

Why Tactically Invest Across Asset Classes amidst COVID-19 with Quantum Multi-Asset Fund Of Funds

Posted by Equitymaster
      

Coronavirus or Covid-19 is showing no signs of receding. On the contrary, the number of cases is increasing by the day and the situation is rather depressing, as almost every region of the world and country is infected.

Sadly, there is no antidote or a vaccine conclusively developed to fight this deadly pathogen yet. And according to the World Health Organisation (WHO), Coronavirus will be with us for a long time. Most cases are still in the early phase of the epidemic and some countries which were affected early in the pandemic, are now seeing a resurgence in the number of cases, said the WHO Chief.

COVID-19 is truly playing havoc and may be followed with a financial crisis owing to the lockdowns imposed to contain the spread. The risk of global recession undeniably looms large. "This crisis is like no other", as what the International Monetary Fund's (IMF), Chief Economist, Ms Gita Gopinath wrote in the foreword to the World Economic Outlook, April 2020.

Graph 1: The virus has spread even to Indian equities

The graph above depicts the S&P BSE Sensex falling off the cliff and investors' wealth being eroded. Since the all-time high of the S&P BSE Sensex (42,273.87 points made on January 20, 2020), we have fallen more than -25% and overall sentiments seem downbeat and volatility has heightened.

--- Advertisement ---
FREE Guide for You: Find the Next Crorepati Stock in this Futuristic Industry

Tanushree Banerjee, the co-head of research, just shared her latest guide:

Find the Next Crorepati Stock in this Futuristic Industry

And she has agreed to make it available for free for a limited time.

If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing...

Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run.

She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit'

We expect this to a huge event... with more than 10,000 people attending it LIVE.

You simply can't miss it.

Click Here to Download the Guide & Block Your Seat Now. It's Free.
------------------------------

On a year-to-date basis, Indian equity is down nearly -23.2% (as of April 27, 2020), while gold -- with uncertainty looming around the world -- has exhibited its sheen and demonstrated its trait of safe haven and an effective portfolio diversifier, clocking nearly +5.0% absolute return as of April 27, 2020.

Graph 2: YTD Performance of key asset classes
Data as of April 27, 2020
After the imposition of lockdown to fight COVID-19, the spot market prices were not updated.
*Category average returns of Liquid Funds considered
(Source: bseindia.com, MCX Gold, PersonalFN Research)

The graph above validates the importance of tactical asset allocation. The key lesson here is: all asset classes will not necessarily move in the same direction (up or down) always - over the long-term; some may even move in the opposite direction as what we have seen in the recent past (in the case of equities and gold).

As we (the world) continue to fighting COVID-19 and the aftereffects of it are conceivable, a further correction cannot be ruled out and the bottom is unknown. COVID-19 is likely to impact corporate earnings amidst a time when India is already facing slowdown blues. As people are quarantined, demand would remain muted and inflation risk will begin to surface, particularly in food prices.

So, although the current levels offer a decent value-buying opportunity, skewing your portfolio completely to equity as an asset class could endanger wealth creation. In such times you, as an investor, need to follow tactical asset allocation while you aim to generate wealth.

--- Advertisement ---
Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss

Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event.

And with the corona crash, this opportunity has only become even more exciting.

And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run.

So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours.

Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE.

Click here to find out how you can claim your FREE copy
------------------------------

Tactical Asset Allocation with Quantum Multi Asset Fund of Funds

To invest sensibly in the current times, you need a Multi-Asset Fund that invests in mainly three asset classes: equity, debt and gold; and is truly balanced.

Among the plethora of Multi-Asset Funds, the Quantum Multi Asset Fund of Funds (QMAFOF) incepted on July 11, 2012, is truly balanced and holds well-diversified portfolio (across the three key asset classes: equity, debt and gold) at all the times -- unlikely many of its peers who swayed by the excess exuberance in equities, lost sense, and eroded investors wealth.

Table 1: Asset Allocation of Quantum Multi Asset Fund of Funds
Instruments Indicative allocations (% of Total Assets) Risk Profile
Minimum Maximum High/Medium/Low
Units of Equity Schemes 25% 65% Medium to High
Units of Debt / Money Market Schemes 25% 65% Low to Medium
Units of Gold Scheme 10% 20% Medium
Money Market instruments, Short-term Corporate debt securities, CBLO, Repo / Reverse Repo in government securities and treasury bills only 0% 5% Low
(Source: Scheme Information Document)

The Scheme predominantly invests in the units of Equity, Debt / Money Markets and Gold schemes of Quantum Mutual Fund. Currently, the following schemes are used to gain exposure to a particular asset class:

For equity - Quantum Long Term Equity Value Fund, Quantum Nifty ETF

For debt & money market instruments - Quantum Liquid Fund, Quantum Dynamic Bond Fund

For Gold - Quantum Gold Fund (ETF)

The Units of any other Equity and Debt / Money Markets scheme launched by Quantum Mutual Fund from time to time would be eligible to be part of the above asset allocation components.

Although QMAFOF aims to invest predominantly only in the schemes launched by Quantum Mutual Fund, QMAFOF may seek to invest in the units of similar schemes of other mutual fund houses in case of any investment and regulatory constraints that arise that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund.

The investment objective of Quantum Multi Asset Fund of Funds is, "to generate modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt/money markets and gold schemes of Quantum Mutual Fund"

QMAFOF benchmarks it against the Crisil Composite Bond Fund Index (40%) + S&P BSE Sensex Total Return Index (40%) + Domestic price of Gold (20%).

Being a fund of fund, this benchmark is most suitable to compare QMAFOF's performance. The unique combination clubs together the relatively risky assets with other stable asset classes in the portfolio.

Backed by an astute investment strategy, taking the relative valuations between asset classes into consideration such as Price-to-Earnings relative to historical averages; the relationship between earning yield to bond yield relative to historical averages; and macroeconomic factors prevailing globally and within India, the two fund managers of QMAFOF, namely Mr Chirag Mehta (MMS - Finance, M.Com, and CAIA with over 13 years' experience in research and investments) and Mr Nilesh Shetty (B.Com, MMS -Finance, and CFA with collectively 16 years in equity markets), have generated respectable returns for investors.

Table 2: Report card of QMAFOF versus some of its peers
Scheme Name AuM (Cr) Returns since Shri Narendra Modi first took oath as Prime Minister of India on May 26, 2014 Returns since the all-time high of the S&P BSE Sensex (From Jan 20, 2020 to April 27, 2020)
Absolute Returns Annualized Returns Absolute Returns
SBI Multi Asset Allocation Fund 220.63 65.50% 8.90% -4.60%
ICICI Prudential Multi-Asset Fund 9022.56 50.50% 7.20% -18.90%
Quantum Multi Asset Fund of Funds 16.23 49.70% 7.10% -4.40%
Axis Triple Advantage Fund 258.6 46.90% 6.70% -14.30%
HDFC Multi-Asset Fund 198.05 36.10% 5.30% -14.00%
UTI Multi Asset Fund 564.1 28.40% 4.30% -12.00%
Data as of April 27, 2020
Direct Plan considered and the peer list is not exhaustive
(Source: moneycontrol.com)

Even as the equity market is panting for breath attributable to COVID-19 and volatility has intensified, QMAFOF due to its sensible asset allocation to equity, debt and gold through its underlying portfolio, has fared relatively better than some of the peers.

ICICI Prudential Multi-Asset Fund, Axis Triple Advantage Fund, HDFC Multi-Asset Fund, and UTI Multi-Asset Fund, on the other hand, have all eroded investors wealth posting double-digit negative returns (see Table 2) in this downturn. Some of these schemes have fared well during upswings by keeping to the allocation to equities high, but on the downside, they have not managed the risk very sensibly. Investors, as a result, have experienced a roller-coaster ride in the journey of wealth creation.

A multi-asset fund, ideally, is expected to be truly balanced and sensibly allocate its assets whereby the downside risk of one asset class is compensated by the positive returns of the other asset classes.

Here are five good reasons to invest in Quantum Multi Asset Fund of Funds

  1. You gain from a diversified portfolio across asset class which, in turn, reduces risk and optimizes returns.
  2. You do not have to worry about portfolio rebalancing; the fund manager will astutely do it for you at regular intervals in the endeavour to achieve the set-out investment objective of the fund.
  3. Portfolio tracking will be easy for you instead of tracking 10 different schemes
  4. You will benefit from the lowest expense ratio in the category
  5. And above all, Quantum Mutual Fund's strong research capabilities across various asset markets - equity, debt and gold, -- with robust investment processes & systems followed at the fund house.

Suitability of Quantum Multi Asset Fund of Funds

QMAFOF is a perfect fund for investors looking to tactically diversify the portfolio with a single fund across equity, debt and gold, plus leave the aspect of rebalancing to the discretion and expertise of the fund manager.

Furthermore, the fund is appropriate for investors seeking long term capital appreciation, who have a moderately high-risk appetite, and an investment time horizon of 3 to 5 years.

It is the best time to invest in the Quantum Multi Asset Fund of Funds. Valuation-wise, Indian equities look attractive and there appears to be a decent margin of safety (with a high return potential if the equity markets ascend).

Similarly, given the uncertainty surrounding the world, gold is expected to display its lustre. The economic uncertainty surrounded by the COVID-19, GDP growth rates being revised downwards, easy monetary policy action and stance followed by central bank across the world, geopolitical tensions, trade tension, and increased stock market volatility are likely to keep spotlights on gold.

Likewise, with credit risk getting amplified, it makes sense to have exposure to a pure Liquid Fund (that does not take exposure to Commercial Papers issued by private entities). Now that policy rates are already lowered by RBI to address growth concerns, it does not make much sense to take exposure to the longer end of the yield curve; it could prove less rewarding and risky (may encounter high volatility) in the foreseeable future. Deploying your hard-earned money is short-end of the maturity curve, would be far better.

By investing in Quantum Multi Asset Fund of Funds, you will be able to balance the risk better with a sensible investment strategy in place.

Just as an excess drug dosage cannot treat COVID-19, your investment portfolio, too, needs just a fair amount of diversification to clock optimal risk-adjusted returns in the journey of wealth creation.

Go ahead and consider investing in Quantum Multi Asset Fund of Funds.

Happy Investing!

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

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.




ses

Roger Federer proposes ATP-WTA merger amid COVID-19 crisis

20-time Grand Slam champion Roger Federer came up with a radical proposal regarding the future of international tennis. The Swiss superstar suggested a merger between men's tennis body ATP and women's governing body WTA.

Federer believes this could be the right time for a merger between ATP and WTA for the betterment of the sport. The former World No.1 also explained that he isn't asking for competitions being merged but only the governing bodies.

"Am I the only one thinking that now is the time for men's and women's tennis to be united and come together as one?" Federer wrote on his Twitter handle.

"I am not talking about merging competition on the court, but merging the two governing bodies (ATP and WTA) that oversee the men's and women's professional tours."

"It's too confusing for the fans when there are different ranking systems, different logos, different websites, different tournament categories," he wrote further.

The entire sporting calender of the world is reeling due to Covid-19 pandemic and tennis is not different. The season has been put on hold with multiple tournaments being postponed or cancelled.

The second slam of the year, French Open, has been postponed from May to September while the Wimbledon was cancelled earlier this month in the wake of coronavirus crisis. Wimbledon had only been cancelled twice before, because of World War 1 and World War 2.

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

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




ses

Leander Paes stresses on learning something new during lockdown

Tennis legend Leander Paes, who made a guest appearance on the Education Webinar for Coaches, jointly organised by the All India Tennis Association (AITA) and the Sports Authority of India (SAI), on Monday said it is key to focus on learning new skills during the lockdown period.

The country has been under lockdown for more than a month now to curb the menace of COVID-19 pandemic.

"It is important to focus on learning new skills during the lockdown", Paes said on how to best utilise this time away from tennis action and keep yourself active and mentally fit, as quoted by AITA's official website.

The 18-time Grand Slam champion also spoke on what keeps him going even at the age of 46. "For me, the relationships that I have had through tennis are the things that I cherish the most. "Those relationships over generations are what's special.

Paes recalled old relationships and had very special words for R.K.Khanna and Anil Khanna. "When I started playing tennis, R.K Khanna was the President of the AITA. I would not be who I am today without Khanna because he actually helped me in the Juniors, as a 14 or 15 year-old.

"He helped me get into the ITF Junior team. At that point, my family could not afford all the international coaching. And then after that Anil Khanna who was the President, took over the mantle of support."

Paes also thanked others including Bishwadeep, AITA CEO for having been there over the last two decades in Davis Cup ties that Paes had played, always being there to give support.

Paes signed off from the Webinar with a message to coaches saying, "Greatest joy you can have is to see your students do well at tennis. Use the sport as a vehicle to make them good human beings."

The Webinar, now in its second week, will have a session of "Coaching Young Children and Young People" by Kawaljeet Singh and Miguel Crespo from the International Tennis Federation will join as the guest speaker.

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

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




ses

Maharashtra proposes tie-up for tourist homestay on Elephanta Caves island

The Maharashtra Tourism Development Corporation (MTDC) is working on a tie-up between hospitality provider Airbnb and locals for offering home-stay to tourists visiting the Elephanta Caves island located in Mumbai Harbour. The policy aims to overcome the security concerns due to high security installations facing the island that does not allow construction of hotels and night stay.



Tourism Minister Jaykumar Rawal said the 29th two-day Elephanta Festival, beginning January 27, will be held on the island itself again. After the 2008 Mumbai terror attacks, the festival venue was shifted to the Gateway of India in south Mumbai. "Seventy years after Independence, the island is soon to get proper electricity connection depending upon the testing of the electricity meters," the minister said. Rawal said there are about 1,200 to 1,500 homes on the Elephanta island, also known as Gharapuri Island, located east of Mumbai.

The minister said no new constructions are allowed on the island due to high-security installations of ONGC and the Navy. The Caves are declared a heritage site by the UNESCO and protected by the Archaeological Survey of India (ASI). Rawal said the government in a tie-up with the Mumbai Port Trust and the Hindustan Petroleum Corporation Ltd (HPCL) is planning a cable car over the sea for travelling to the island. The island is expected to get proper electricity connection within a week's time.

"The Elephanta festival will coincide with the culminating phase of the Mumbai Shopping Festival that will end on January 31," he said, adding that the Elephanta fest will comprise activities like treasure hunt at Elephanta, a sculpture and a painting contests with prize money. Besides this, the festival will have art, dance and music performances by Zia Nath, Sangeeta Trivedi, Sumeet Nagdev, Hans Raj Hans and others, Rawal said.

Catch up on all the latest Mumbai, National and International news here

Download the new mid-day Android and iOS apps to get updates on all the latest and trending stories on the go

The content/reporting displayed on our website www.mid-day.com is provided "AS-IS," "AS AVAILABLE, by us from third party, agencies, sources, without any verification from our side. It may contain error, bugs and other limitations. The reader's can rely on the content at their own will. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability, data, text, images, video, messages, or any other material whatsoever or for any claims/loss/action that the reader may suffer as a result of relying on the content on our site. 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.





ses

Tax-News.com: IMF Proposes VAT Rate Hike For Russia

Russia should hike value-added tax by four percent to 22 percent and lower social security contributions, the International Monetary Fund has proposed.




ses

Tax-News.com: EU Imposes New Anti-Dumping Duties On Steel

The European Commission has announced the imposition of new anti-dumping duties on imports of hot rolled flat steel products from four countries.




ses

Tax-News.com: Russia Proposes To Ditch Flat Individual Tax Regime

Legislation has been tabled in Russia's lower house of parliament, the Duma, to introduce a two-rate personal income tax regime, in place of the current flat tax regime.




ses

Tax-News.com: OECD Releases More Transfer Pricing Country Guides

The OECD has published new transfer pricing country profiles for Australia, China, Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden, and Uruguay, bringing the number of such overviews published by the OECD to 44.




ses

Let's laugh it off! Ex-Mumbai Club cricketer trying to make a difference through free online sessions

With most people struggling with the Coronavirus pandemic-caused lockdown, staying upbeat is becoming a challenge.

Former Mumbai club cricketer and coach Kishore Harkisandas Kuvavala, 73, who is also a laughter therapist, is trying to make a difference albeit in the virtual space.

For the last 18 days, every evening at 6.30, Babulnath-resident Kuvavala goes live goes live from his Facebook account in an attempt to make people laugh and relieve some stress.

'Stress, a bigger threat'

He claims around 350 to 400 people join him live everyday for his fitness and laughter sessions. "Most people are worried about Coronavirus even if they are confined 24x7 to their homes. They are only watching and hearing about the pandemic during the day through various mediums. Corona will not be the biggest killer, but stress will surely have a huge impact on everybody.

There is nothing else left for people to talk about except Corona, it seems these days. So, I am trying to ease a bit of tension that's surrounding us today. Laughter is the best medicine. I have been championing this cause for over two decades now. I feel it can make a lot of difference to people especially in these times," a fit Kuvavala tells mid-day.

Kuvavala has always believed in leading an active life. He played competitive cricket on Mumbai's local circuit till he was 50. Kuvavala owes a lot to cricket. He got the Bank of Baroda job for his cricketing credentials. "I led the bank team too," he says with pride.

He played the famous Dr HD Kanga Cricket League in the 'A' Division for Young Maharashtra Cricket Club. He was also a Managing Committee member of the Mumbai Cricket Association in 1988-89 before taking up coaching.

Fitness first

Kuvavala decided to work towards spreading awareness on the importance of fitness after giving up the sport. In 1995, he began his journey as a laughter therapist, starting with lessons at Priyadarshini Park. Before the lockdown, Kuvavala and his group of 30 to 35 people would gather each morning at Chowpatty on Marine Drive for their dose of laughter. "Do we ever laugh at ourselves? When we do that, we laugh from the heart. There is an expression and feel involved in it. It is the best form of exercise. It fills you up with positivity," explains Kuvavala, who is often invited by top hospitals for laughter sessions. He also conducts laughter therapy activities for corporates. "I do that for a fee, though," he clarifies. "People nowadays have forgotten to laugh," he remarks.

With anxiety and sadness around due to the pandemic, all that Kuvavala wants to ensure is that people do not stop smiling.

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