If Bollywood has suffered a severe blow due to the lockdown, smaller regional films have met harsher fate. Filmmaker Subhash Ghai laments that his Marathi production, Vijeta, was among the worst affected by the theatre shutdown that came into effect from March 14. "We had a premiere for the film on March 12, a day before its release. But on March 13, the theatre shutdown was announced, and we had to pull the film down. It was unfortunate that it enjoyed only a day of theatrical run," rues the producer.

The two rounds of lockdown extension have made matters worse as the losses are piling up with every passing day. Even as he refuses to put a number to the damages, Ghai admits, "I can't deny that the [lockdown] has affected us financially. It was a major setback for us, but we will fight this out together. We are waiting for the cinemas to re-open; we will release the film again."

Not one to be bogged down by the current scenario, the director is instead channelling his energy into developing his next. "I am writing a futuristic film that is set in 2024. Making such a movie is challenging because it is entirely based on one's imagination. We intend to roll by the year-end."

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The Philippines' House Committee On Ways and Means has approved a Bill that would overhaul the rates in place on financial services and passive income.

Celebrities supporting social causes is indeed commendable because amidst the current scenario, the world needs empathy, love, and financial support at the right time. Salman Khan has been financially supporting daily wage workers and providing ration to those impacted during the Coronavirus outbreak.

Commencing the financial aid, he was one of the first people who made sure that money was directly transferred into the bank account of 25,000 daily wagers who were in dire need. It did not stop there, he further transferred money into the account of additional 7000 daily wage workers of the film fraternity.

The actor also helped 90 vertically challenged wage workers associated with All India Special Artistes Association (AISAA), a wing of FWICE.

The superstar also arranged for food supplies for thousands of people from varied corners of the state. A video of the same surfaced on the internet recently where truckloads of essentials were sent to the villagers around the farm.

Salman Khan has been carefully watching the situation and extending help in installments to ensure steady flow of income and essentials for the needy in different parts of the country.

Keeping in mind the current situation, he has released several videos where he has voiced his opinions and made a personal appeal to his massive fandom and people of the nation to stay indoors and maintain social distancing.

ALSO READ: Inside Salman Khan’s Panvel farmhouse with Jacqueline Fernandez and Iulia Vantur

The daily wage earners have taken the hardest hit during this lockdown and have been struggling to get a proper meal on their table. While most of the industry has been trying their best to arrange food and other amenities for them, Vivek Oberoi announced that he has provided financial aid to over 5,000 families of daily wage earners. He joined hands with Rohit Gajbhiye to raise funds.

Releasing a statement regarding the same, he said, “We observed that migrant labourers have been stranded here since a while now. There are many of them who are not even able to cope up with acquiring daily essentials. “They are struggling to pay their rent, buy daily essentials, to feed their children. We have supported more than 5,000 families”

Fund were directly transferred to the families’ account to help them out in arranging their daily essentials under their Support Aid & Assist The Helpless – SAATH initiative.

Some financial activities will start in Maharashtra from Monday onwards, said Chief Minister Uddhav Thackeray on Sunday. "Tomorrow onwards we are starting some financial activities. If we don't run our economy now, we will be in a financial crisis after we come out of the corona crisis. We are starting some business activities in a limited way. Fortunately, several of our districts have zero positive cases," said the Chief Minister during a press conference.

We're in talks with the centre. I'm confident that a solution will come out in the coming days. Don't worry. We're gradually starting work in Maharashtra. If it's possible you can come back to work,you'll continue with your livelihood: Maharashtra CM to migrant labourers in state pic.twitter.com/IMElkKXnQm

— ANI (@ANI) April 19, 2020

Appealing to migrant labourers in the state, the Chief Minister said: "We are in talks with the Centre. I am confident that a solution will come out in the coming days. Don't worry. We are gradually starting work in Maharashtra. If it is possible you can come back to work, you will continue with your livelihood."

"I give you my word that Maharashtra government will take you to your homes the day this crisis ends. I believe that when you go back to your homes, you should go back happily and not out of fear," the Chief Minister assured the migrant labourers.

He informed that over 66,000 tests have been conducted in the state so far. "95 per cent of these are negative. Around 3600 are positive, 300-350 of these have recovered and have been discharged. 75 per cent are either mildly symptomatic or asymptomatic. 52 patients are serious. We are looking at saving their lives," said Thackeray.

The total number of positive coronavirus cases across the country is 15,712, including 12,974 active cases. So far, 2,230 patients have either been cured or discharged while 507 deaths have been recorded in the country, as per data provided by the Union Ministry of Health.

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Cristiano Ronaldo and his Portugal teammates have donated half of their bonus for qualifying for the Euro 2020 finals to help amateur football in the country that has been hit by the coronavirus shutdown. The Portuguese football federation said on Monday the money would go towards a fund that it hopes will reach 4.7 million euros ($5.1 million) to help amateur clubs survive the crisis.

The federation last week decided to end the already-suspended amateur season with immediate effect, declaring the season null and void without champions, promotion or relegation. No decision has been taken on resuming professional football but the president of the Portuguese league said in late March he was determined the season should be completed.

"It is fundamental that the championships end because it would allow some sort of normality to be restored and we could prepare for next season knowing who has qualified for international competitions, who the champions are and who is relegated," Pedro Proenca said. Portugal shocked host nation France to win Euro 2016 but Ronaldo and his teammates will have to wait another year to defend their title as Euro 2020 has been postponed by 12 months because of the coronavirus pandemic.

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Stock markets around the world witnessed one of the most painful correction phases in the month of March 2020.

Indian stock markets too mirrored the trend.

Here are six charts showing how Indian financial markets performed in March 2020.

1. Record Wealth Destruction
   
   

   In the month of March 2020, the Sensex fell as much as 23%.

   It is not the month where the market has fallen the most. That honor goes to October 2008 where markets tanked 23.9%, beating the 23.1% the market lost last month by a whisker.

   However, March 2020 wins hands down in wealth destruction.

   Wealth destruction of Rs 4.4 lakh crores back in 2008 pales in comparison to the Rs 14.6 lakh crores worth of wealth destroyed on the Sensex in the last month alone.

   March 2020 the Second Worst Month in History

2. Huge Selling Pressure for Individual Stocks
   
   

   Except two, all the stocks in the BSE Sensex plunged in March 2020.

   The decline was mainly led by banking stocks and financial stocks.

   Stocks such as IndusInd Bank, Bajaj Finance, and Axis Bank fell as much as 40%-70%.

   Top BSE Gainers and Losers in March 2020

3. All Sectors in a Sea of Red
   
   

   Among sectors, all the BSE indices gave negative returns in March 2020.

   BSE Realty, BSE Bankex, BSE Finance, and BSE Auto Index fell more than 30%.

   It was a double whammy for banking and finance stocks that witnessed most of the brunt on the back of coronavirus outbreak and Yes bank crisis.

   Worst Hit Sectors in March 2020

4. Crude Oil Slumps Over 50%
   
   

   Crude oil crashed over 50% in March 2020.

   The fall was seen because of oversupply amid subdued demand.

   Oil prices crashed last month in what was the worst price dip since the 1991 Gulf War with Brent prices plunging to US$ 31 per barrel.

   Oil markets faced a double whammy from the coronavirus outbreak and a price war between Saudi Arabia and Russia after OPEC and other producers failed to agree on deeper cuts to support oil prices in early March.

   Shares of oil marketing companies such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), GAIL, ONGC, Indian Oil Corporation (IOC) and Indraprastha Gas were in focus in March amid record low crude oil prices.

   They witnessed buying interest and capped most losses led by the stock market crash.

   In his latest video, Ajit Dayal shares his views on the impact of the coronavirus crisis and the oil price war on the Indian economy and the stock market. You can view the same here.

   Crude Oil Continues Free Fall

5. Gold Prices Shine
   
   

   Base metals also remained under pressure as lockdown imposed in several parts of the world curbed demand, pushing stockpiles higher.

   However, gold prices rose 3% in March 2020 as demand for the safe haven asset rose with market participants bracing prolonged uncertainty in the wake of the novel coronavirus outbreak.

   To know more about gold, you can check one of Vijay Bhambwani's recent articles here: Is the Price of Gold About to Go Higher?

   Gold Witnesses Buying

6. Rupee Hits Record Low in March 2020
   
   

   Massive sell-off in equities and bonds led to a huge fall in rupee against the dollar in the month of March.

   The rupee hit a record low of 76.32 against dollar earlier this week.

   Most of the selling pressure for rupee was seen on the back of slump in equities and currencies globally. Investors were concerned that support measures from governments and central banks may be insufficient to halt the economic damage caused by the coronavirus pandemic.

   Rupee Continues Downtrend

So, that was a round-up on how Indian financial markets performed in the month of March 2020.

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Fast bowler Josh Hazlewood is a "bit" surprised that Cricket Australia is struggling financially due to the COVID-19 pandemic but said players will work together with the governing body to overcome the crisis. With the coronavirus outbreak halting all cricketing action, Cricket Australia (CA) has laid off 80 per cent of its staff for the rest of the financial year which ends on June 30. Reports suggest that CA will run out of cash by August. "I was a bit surprised there but there has to be some impact, no doubt," Hazlewood was quoted as saying by 'Sydney Morning Herald'. Hazlewood said the financial crisis will hit cricketers too and they are ready for a reduced salary.

"We are no different from any other sport. It just depends how long it hangs around as to how much it is going to affect us, I guess. If it leads into next summer, it will be quite serious," Hazlewood said. "We're obviously partners in the game and we've always said that. We have ridden the highs and now its probably time to ride the lows, a little bit." CA and Australian Cricketers' Association (ACA) had an ugly pay dispute in 2017 but Hazlewood said relations have improved since and hoped this crisis will be handled better this time. "I think the relationship is a lot better now, between the ACA and CA. It's developed a long way in the last 18 months to two years, probably," he said. "... so that will go a long way towards having this episode (handled) a lot better than last time. It's all positive from our end and I think, from both ends. "Hopefully it's a lot better communication this time and I think you will see that in the coming weeks and the coming months. As long as they show a lot of transparency on all the numbers, all the players will be pretty happy with that."

According to the MOU signed in 2017, CA has to provide ACA with revenue estimates and a national contract list for the upcoming summer by April 30 and Hazlewood expects the deadline to be met so that players can be better prepared for the financial fallout. "April 30 is what the players want and it's in the MOU but I guess these are strange times. Anything can happen," Hazlewood said. "The ideal (situation) is that they're put out before April 30 and obviously then we will know, financially, what we can get ready for and how much of a percentage is lost and how much of our contracts are affected. "The sooner we know that, the more we can plan for the next 12 months." The global health crisis, which has killed more than 1.6 lakh worldwide, has put this year's T20 World Cup and India's tour of Australia under threat.

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JM FINANCIAL share price has plunged 5% and is presently trading at Rs 66.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top losers in the BSE 500 Index today are JM FINANCIAL (down 5.1%) and LAURUS LABS LTD (down 8.3%).

TV18 BROADCAST (up 9.0%) and E.I.D. PARRY (up 7.3%) are among the top gainers today.

Over the last one year, JM FINANCIAL has moved down from Rs 85 to Rs 66, registering a loss of Rs 19 (down 22.1%)..

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

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.2%) and NAVIN FLUORINE (up 117.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.6%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.4%). ZEE ENTERTAINMENT (up 5.0%) and RELIANCE IND. (up 4.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.61%).

JM FINANCIAL Financial Update...

JM FINANCIAL net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 8.0% to Rs 8.3 billion during the period as against Rs 9.0 billion in October-December 2018.

For the year ended March 2019, JM FINANCIAL reported 14.5% increase in net profit to Rs 11.1 billion compared to net profit of Rs 9.7 billion during FY18.

Revenue of the company grew 16.1% to Rs 35 billion during FY19.

The current Price to earnings ratio of JM FINANCIAL, based on rolling 12 month earnings, stands at 6.6x.

This article (JM FINANCIAL Plunges by 5%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

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

The Philippines' House of Representatives on September 9, 2019, approved two bills to overhaul the rates in place on financial services and passive income.

German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative.

German Finance Minister Olaf Scholz has said he is confident that an agreement can be reached on a European Union financial transactions tax.

Austrian Chancellor Sebastian Kurz has said that Austria does not agree with new German proposals for a European financial transactions tax.

On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria.

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

German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative.

German Finance Minister Olaf Scholz has said he is confident that an agreement can be reached on a European Union financial transactions tax.

Austrian Chancellor Sebastian Kurz has said that Austria does not agree with new German proposals for a European financial transactions tax.

On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria.

The COVID-19 pandemic adds to the financial stress on families due to record high unemployment, said Julie Kalkowski, executive director of the Financial Hope Collaborative at Creighton University.

Those with worries about money are more likely to suffer from depression and anxiety. Moreover, these worries may also lead to reduced productivity, said

Among adult cancer survivors in the United States, health insurance literacy was linked to medical financial hardship as well as non-medical financial

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PISA 2012 financial literacy results focusing on the performance of the United States among 17 other countries and economies who participated in the assessment: Australia, Belgium (Flemish Community), Shanghai-China, Colombia, Croatia, Czech Republic, Estonia, France, Israel, Italy, Latvia, New Zealand, Poland, Russia, Slovak Republic, Slovenia, and Spain

PISA 2012 financial literacy results focusing on the performance of Spain amongst 17 other countries and economies who participated in the assessment: Australia, Belgium (Flemish Community), Shanghai-China, Colombia, Croatia, Czech Republic, Estonia, France, Israel, Italy, Latvia, New Zealand, Poland, Russia, Slovak Republic, Slovenia, and the United States

The Canadian economy is adjusting to the fall in commodity prices, but additional policies are needed to boost productivity, reduce financial stability risks and make future growth stronger, greener and more inclusive, according to a new OECD report.

Organised in Istanbul, this event focused on financial education across Europe and in Turkey, the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families.