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Here's how successful casting director Parag Rawool's journey has been in the entertainment industry

Parag Rawool is a well know reality show casting director in the Indian Television industry who started his career as an event planner and floor manager for many media events back in 2007.

Parag is an Engineering student who grew fondness towards events and reality shows which led him to aspire his dreams in the entertainment industry, who's now a Talent head for most of the prominent channels in India like Starplus, Zee Tv, Colors, History TV 18 etc. With an interesting journey of more than 12 years, Parag has successfully worked on television and reality shows which have gone ahead to become audiences favourite.

Parag Rawool has a track record of having done more than 100 promotional events across India and a bunch of ad shoots in addition. This young lad has worked as a senior talent producer on some of the top-rated shows like Dance +, Saregamapa Lil champs, Master dance, Rising star and many more.

This young talented casting director has not only worked for television reality shows but has also been part of movies like Ye Re Ye Re Paisa as a production manager and an assistant location manager for Ferrari Ki Sawari. After successfully working for 12 consecutive years, Parag started his own agency named Team Aspiring, a 360-degree media and entertainment agency which consists of media professionals from every department and strata of the industry.

The casting director is currently working on his upcoming projects which are currently in the pipeline.

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Deepika Chikhalia: Popularity of Ramayan re-run due to original success

Ramanand Sagar's epic "Ramayan", a show re-telecast almost three decades later, has become the most-watched entertainment show in the world. Actress Deepika Chikhalia, who gained popularity playing Sita, is ecstatic with the love that the serial has received yet again. She feels the magic created 30 years ago has helped make the re-run very successful.

On Thursday, a tweet from the official account of channel Doordarshan read: "WORLD RECORD!! Rebroadcast of #Ramayana on #Doordarshan smashes viewership records worldwide, the show becomes most-watched entertainment show in the world with 7.7 crore viewers on 16th of April"

According to media reports, the show has overtaken the popular "Game Of Thrones" in terms of viewership.

"I am really overjoyed that it has overtaken 'Game Of Thrones'. I thought it was one show that everyone has viewed and when I looked into it that 'Ramayan' has overtaken 'Game Of Thrones', I was really very happy. I am really very happy about it. It is great news," Deepika told IANS.

What according to Deepika is the reason behind the smashing success? "I have not analysed. I am not the sort of person who sits down and analyses. The only immediate thing I can think of is -- it has always had a story and a background. It always had a legacy and an era. When people started watching I would get messages that 'now, we are also part of that legacy and the magic'."

She added: "I think the word of mouth that people had loved it 30 years ago was the first kick-off. And once they started seeing and watching I think they kind of believed in the magic. I think that is how the circle moved. The series already had a name for itself and I think that the re-telecast rode on the success of original success. That's how I see it."

Deepika credits all the hard work of all departments for the show's success.

"I see it as a genuine labour of good work when it comes to performances, narration, direction. As an actor, when I see my own performances, I am baffled that at the age of 18, I had so much maturity to carry forward the lines, dialogue and there was so much patience in me. I performed with my eyes. Ramanand Sagar said that I want someone who emotes with her eyes because the body language should be that of Sita."

"Today, I see his vision. He had a vision and it's really, really wonderful. It is a genuine piece of work in every department. They all added to the success," she said.

Would she like to be a part of "Ramayan" again, if re-made? "If I am Sita I would like to," she said.

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Tax-News.com: Filipino Financial Services Tax Reforms Clear First Hurdle

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.




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Nawazuddin Siddiqui starrer Ghoomketu to release digitally on Eid weekend; Ranveer Singh and Amitabh Bachchan to be seen in special appearances

ZEE5 announced its next film Ghoomketu which is set to release on 22nd May. An aspiring writer’s 101 retreats into the life of the protagonist, Ghoomketu is played by Nawazuddin Siddiqui. The movie is a comedy-drama from the viewpoint of an inexperienced writer struggling to make it big in the film industry in Mumbai. On his quest to come up with a great story, he is inspired by day to day mundane life activities. Will his ambition and determination exceed his talents? Or will a corrupt cop, who is on a mission to find Ghoomketu, put a brake on his 30-day escapade?

Directed by Pushpendra Nath Misra and produced by Phantom Films and Sony Pictures Networks (SPN), this film will be exclusively releasing on ZEE5.

The quirk and humour in the movie are exaggerated with dramatic linguistic annotations. The film is set in a wickedly playful backdrop and will be great for the entire family to watch together. The film also has ace director Anurag Kashyap as a cop and the talented Ila Arun as Ghoomketu’s Aunt, in lead roles along with Raghubir Yadav, Swanand Kirkire, Ragini Khanna and others. The film will also see special cameos from Amitabh Bachchan, Ranveer Singh, Sonakshi Sinha, Chitrangada Singh, Lauren Gottlieb and filmmaker Nikhil Advani.

Actor Nawazuddin Siddiqui shares, “Ghoomketu is a quirky, never-seen-before character and I thoroughly enjoyed playing him. Anurag, who is generally behind the camera, will be seen sharing screen space with us and it was a great experience to work with him as an actor. ‘Ghoomketu’ has a phenomenal storyline which will definitely entertain the audience. During this time of the lockdown, I am glad that a humorous film that the entire family can watch is being streamed on ZEE5.”

Actor Anurag Kashyap shares, “Every film is a labour of love and I saw the conviction in the director of Ghoomketu and hence decided to do something which is my least favourite thing to do, which is act. The film is funny and heartwarming.”

Film Director Pushpendra Nath Misra adds, “Wherever we go, we are never far away from our roots. Ghoomketu, as the name suggests, is a story of the ‘journey to the beginning’. This a film where the protagonist - a writer- draws inspiration from the idiosyncrasies of his own family members. This was a dream project with a stellar cast (sublime actors, all of them), and the freedom to tell the story in a non-stereotypical way. For all the writers, their observation begins at home. This film is a celebration of our family members - our ‘Bua’s and ‘Chacha’s and ‘Dadda’s - who we (Ghoomketu) always carry in our hearts, wherever we go. I am glad it will reach the huge family audiences of ZEE5.”

Vivek Agrawal, Producer, Phantom Films says, Ghoomketu is one of those rare gems that will put a smile on your face while taking you through the struggle of a man who is out there trying his luck in Bollywood films. Bringing this story to life has been a roller-coaster ride, just like the protagonist’s journey in the film! It has been a pleasure working on ‘Ghoomketu’– a project that is relatable for many people, on so many levels and we are thrilled to have ZEE5 on board to release it.”

This quirky comedy is all set to confuse, entertain and make you laugh this Eid weekend. 




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Coronavirus outbreak: Suspension of Railway passenger services extended till May 3

Soon after the announcement of COVID-19 lockdown extension by Prime Minister Narendra Modi, the Indian Railways on Tuesday stated that it is suspending all passenger services till May 3. "Indian Railways extends suspension of its passenger services till May 3," informed Rajesh Dutt Bajpai Executive Director(I&P) Ministry of Railways.

"All passenger train services on Indian Railways including Premium trains, Mail/Express trains, Passenger trains, Suburban Trains, Kolkata Metro Rail, Konkan Railway etc shall continue to remain suspended till the 2400 hrs of 3rd May," he added.

However, freight movement will continue to carry essential commodities across the country. Informing about the cancellation of ticket booking, Bajpai stated that all booking counters of rail journey tickets for reserved/unreserved travel at railway stations and outside railway station premises will also be closed till May 3.

Earlier, the railways had also ordered the closure of all rail museums, heritage galleries and heritage parks as a preventive measure to control the spread of the deadly virus. So far, India has reported 10,363 COVID-19 cases. Out of the total, 1036 have been cured and 339 have died due to the infection.

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Coronavirus outbreak: All public places shut, but rural industries to open up

Industrial units in rural areas will be allowed to function from April 20 provided they follow social distancing norms while all kinds of public transport will be barred and public places closed till May 3, according to guidelines issued on Wednesday to enforce the second phase of the lockdown.

Wearing masks/face covers in public places is now compulsory across the country. Besides, strict ban enforced on the sale of liquor, gutka, tobacco etc under the new Ministry of Home Affairs guidelines that come a day after Prime Minister Narendra Modi announced the extension of the nationwide lockdown till May 3.

The PM also said necessary activities will be allowed from April 20 in identified areas of the country. Laying out the dos and don'ts for phase two of the pan India lockdown, the guidelines state that all work places should make adequate arrangements for temperature screening and must provide sanitisers at convenient places.

Services provided by self-employed electricians, IT repair personnel, plumbers, motor mechanics and carpenters will be allowed from April 20. Inter-state, inter-district movement of people, Metro, bus services will be prohibited till May 3. Manufacturing, industrial units with access control in SEZs, export oriented units, industrial estates, industrial townships will also be allowed to function from that date. Educational institutions, coaching centres, domestic, international air travel, train services will remain suspended, the ministry said. Public places such as cinema halls, malls, shopping complexes, gyms, sports complexes, swimming pools and bars will be shut too till May 3.

Leave without pay for Vistara employees

Vistara chief Leslie Thng on Wednesday announced that senior employees will be going on compulsory leave without pay for up to three days between April 15 and 30 as a measure to further conserve the airline's cash flow amid lockdown to combat the COVID-19 threat. On March 27, the airline had also introduced compulsory leave without pay for up to three days between April 1 and April 14 for the same set of senior employees.

'Monsoon will be normal this year'

Southwest monsoon will be normal this year, the India Meteorological Department (IMD) said on Wednesday in its forecast for the four-month rainfall season in the country. In an online briefing, IMD Director General, M Mohapatra said the Long Period Average (LPA) of monsoon will be 100 per cent which falls in the "normal" category. "Monsoon will be normal this year," he said.

Gujarat CM Rupani goes into isolation

Gujarat Chief Minister, Vijay Rupani has decided to run the state administration without meeting anyone for the next one week after a Congress MLA whom he met tested positive for Coronavirus. Rupani's health is fine and he will run the state administration through technological facilities like video-conference, video-calling and tele-calling, Chief Minister's Office (CMO) secretary, Ashwani Kumar said on Wednesday. "No visitor will be allowed at the chief minister's residence for the next one week," Kumar said.

Doctors attacked in Moradabad

Stones were pelted at an ambulance carrying a team of medical personnel and police, which had gone to escort family members of a person who died of COVID-19 in UP's Moradabad, to a quarantine facility. "When our team boarded the ambulance a crowd started pelting stones. Some doctors are still there. We are injured," said the ambulance driver.

'Farmers will be paid in 3 days'

Union Minister of State for Agriculture and Farmers Welfare, Kailash Chaudhary said the farmers will be paid within three days of their crops purchased by the government. He has also asked the states to make arrangements for procurement. The government procurement of wheat in many states, including MP and Punjab, has started from Wednesday. Haryana has announced to start purchasing mustard first and then wheat from April 20.

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Coronavirus outbreak: 100 people on way to their native places detained in Nashik

Police on Thursday took in custody around 100 people who entered the city while travelling from Mumbai on way to their native places, including in North India, during the coronavirus-enforced lockdown, said officials. These people, numbering around 100 and including women and children, were coming from Mumbai, around 200km from here, on foot during the lockdown and entered Nashik city in the evening, they said.

Police swung into action when they were spotted on a flyover on the Mumbai-Agra Highway, which passes through the city, the officials said. When questioned, some of them told the police they were going to their hometowns in North India, they said. Some of them were natives of other districts of Maharashtra, the officials said. They were travelling in violation of government orders related to implementation of the coronavirus-enforced lockdown and hence were taken into custody, they said.

The police later sent them to a Nashik Municipal Corporation (NMC)-run shelter home in Anandvalli. Till now, more than 800 people, who were passing through Nashik during the lockdown, have been taken into custody and kept in various shelter homes in the city, they said. One of them was later found to be coronavirus positive and is receiving treatment in hospital, they added.

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Shun spitting in public places, PM Narendra Modi appeals in 'Mann Ki Baat'

As the world struggles to fight the novel coronavirus pandemic, Prime Minister Narendra Modi on Sunday appealed to the people to shun the habit of spitting in public places. Pointing out that it was a case of "better late than never", the Prime Minister said society has understood the negative impact of the spitting habit, which affects health and cleanliness of surroundings.

"We in India always knew that spitting in public places is wrong. Yet, it continued in places. Now is the best time to ensure we do not spit," Modi said in the 64th edition of his monthly radio programme 'Mann Ki Baat'. "This will increase basic hygiene and strengthen the fight against COVID-19."

The Prime Minister's address came at a time when the entire country is under complete lockdown -- a measure to contain the spread of the novel coronavirus which has so far claimed 824 lives and over 19,800 confirmed cases across the country.

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Air India estimates partial services likely to resume by mid May 2020

The national carrier Air India (AI) has asked its pilots and cabin crew details to prepare to resume operations post lockdown, probably by mid-May this year. An internal mail, accessed by ANI, which was sent to the operation staff, seeks crew availability and details for transport security passes for domestic and international operations. ANI has accessed an internal mail which was sent to operation staff seeking crew availability and details for transport security passes for domestic and international operations.

"Dear All concerned, There is a probability to commence 25 per cent to 30 per cent operations post-lockdown in mid-May 2020. You are requested to ensure and provide the following: Total No. of Cockpit / Cabin Crew residing outside municipal limits of the bases," the communication read. Further Air India has also asked the Executive Director (ED) to ensure necessary arrangements and curfew passes for the crew. "Ensure crew transport for all crew at all stations (domestic as well as International). The data at bullet 1 may be provided on priority, to enable this office to intimate ED (Security) to arrange for their curfew pass," the AI letter said.

Recently, the Government of India asked Air India to be on standby for evacuating Indians from the Gulf and other parts of the countries. India has suspended air services since March 25 to prevent the spread of COVID-19 till May 3.

Also in a notification on its website, Air India said, "In the light of the ongoing global health concerns, we have currently stopped accepting booking on all domestic & International flights for travel till 03rd May 2020."

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Saluting Covid-19 warriors: IAF choppers showers flowers on National Police Memorial in Delhi, other places

Indian Air Force choppers on Sunday showered flower petals on the National Police Memorial here and hospitals treating COVID-19 patients to express gratitude and appreciation towards doctors, medical professionals, police officials and paramilitary forces who are at the forefront in the battle against the coronavirus. This aerial salute was part of planned activities by India's armed forces, which includes activities such as fly-pasts by fighter jets and transport aircraft of the IAF, playing of bands by the military and flashing warship lights, to express gratitude and honour the "corona warriors" of the country.

Early on Sunday morning, two C-130J Super Hercules special operations transport aircraft of the Indian Air Force conducted a fly-past over the Dal Lake in Srinagar followed by another over Sukhna Lake in Chandigarh. The aircraft took off from Srinagar and will fly all the way to Thiruvananthapuram in Kerala to show gratitude towards COVID-19 warriors. IAF's SU-30 aircraft conducted flypast across Marine Drive in Mumbai.


Indian Air Force aircraft SU-30 flypast Marine Drive to express gratitude towards medical professionals and all frontline workers. Picture/Bipin Kokate

The Indian Air Force (IAF) choppers showered flower petals over hospitals treating coronavirus positive patients in Delhi, among locations across the country in order to express gratitude and appreciation to the COVID-19 warriors in the country. "The list of hospitals include AllMS, Deen Dayal Upadhyay Hospital, GTB Hospital, Loknayak Hospital, RML Hospital, Safdarjang Hospital, Ganga Ram Hospital, Baba Saheb Ambedkar Hospital, Max Saket, Rohini Hospital, Apollo Indraprastha Hospital, and Army Hospital R&R," as per a statement by the Defence Ministry.

IAF also aircraft showered flowers on King George's Medical University in Lucknow, Uttar Pradesh. This flying activity is combined along with the training activity of IAF and opportunity flight for transport planes and helicopters, which are involved in moving supplies related to the COVID-19 task The IAS also conducted a flypast over Rajpath among other locations in the national capital as a mark of respect for those at the frontline in the fight against coronavirus.


Flower shower above J J hospital by Indian Navy in respect of Corona fighters. Picture/Shadab Khan

About 10 helicopters of Indian Coast Guard (ICG) will shower flower petals on COVID-19 hospitals at 5 locations. Apart from this, as many as 46 Coast Guard ships will carry out illumination, fire green flares and sound ships siren at 25 locations, including, the remote sites and far-flung island territories of Andaman and Nicobar Islands and Lakshadweep and Minicoy islands, covering the coastline of 7516 km.

Indian Naval Aviation assets will be flying over the hospitals treating corona patients and shower flower petals at Mumbai, Goa, Kochi and Vizag.

The activities planned by the defence forces were delayed by over an hour due to rains in parts of the country early this morning.

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Unruly crowd forces cops to shut liquor shops in capital

Many government-run liquor shops which opened after a gap of over 40 days in the national capital on Monday had to be shut as people who gathered outside the outlets did not follow social distancing norms, and the police had to use mild force in some cases to disperse the unruly crowd.

People queued up in large numbers in the morning at the liquor shops. According to an official, about 150 government-run liquor shops have been allowed to open from 9 am to 6.30 pm in accordance with the latest lockdown relaxations given by the Ministry of Home Affairs (MHA). Many people were not aware that only government shops were allowed to open. In most areas, including Burari, Mayur Vihar, Gandhi Vihar, Rohini and Janakpuri, a large number of people had lined up outside outlets.

An official said an alcohol vend had to be closed in Mayur Vihar in east Delhi as people failed to maintain social distancing norms. Similar cases were reported from north and central Delhi. With people gathering in large numbers, the police had to resort to mild force.

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Lockdown 3.0: Andhra Pradesh hikes liquor prices by 50 percent to discourage consumption

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

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

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

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

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

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

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

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Coronavirus outbreak: From zero, India now produces around 2 lakh PPE kits per day

India, which was not manufacturing even a single personal protective equipment (PPE) kit, has now achieved an almost unrealistic goal of producing 2.06 lakh PPE kits daily within two months after the coronavirus outbreak. The highest single-day production of PPE kits, around 2.06 lakh kits, was recorded on May 2. However, on average, domestic production is about 1.5 lakh per day.

A PPE kit consists of mask, eye shield, shoe cover, gown and gloves, which doctors and healthcare workers wear during the treatment of COVID-19 patients. "It is very comforting to us that our in-house PPE kit production is increasing fast. On May 2, the country recorded maximum production of protective gears of about 2.06 lakh manufactured in a single day," a senior Health Ministry official told ANI.

"Earlier, there was no domestic manufacturing of PPE kit in the country and almost all of them were imported. Within a short span of time, India has been able to increase the daily production of PPE kits to about 1.5 lakh," he said. "In January, there were only 2.75 lakh PPE kits (imported ones) available in the country. As of today, we have about 15.96 lakh PPE kits in the centre-state buffer stock," added the official.

The government has identified at least 110 domestic manufacturers of PPE kits in the country. However, only 52 companies are manufacturing PPE kits right now. Companies like Alok Industries, JCT Phagwara, Gokaldas Exports, Aditya Birla, etc., are some of the domestic PPE kits manufacturers. The Union Health Ministry official added: "As of now, the Central government has distributed about 21.32 lakh PPE kits to the Centre and state-run hospitals. At least 15.96 lakh PPE kits are in the Centre State buffer stock."

Recently, the Empowered Group-3 of the Central government had informed that the total projected demand of PPE kits till June 2020 would be 2.01 crore. Orders for 2.22 crore PPE kits have already been placed, of which orders to the tune of 1.42 crore have been placed with the domestic manufacturers and 80 lakh PPE kits are being imported.

Some government institutes like South India Textile Research Association (SITRA), Defence Research & Development Organization (DRDO) and Ordnance Factory Board are at the forefront of developing new technologies, materials, and testing facilities. DRDO has also developed new PU coated nylon/polyester for supply to domestic manufacturers/

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Visakhapatnam gas leak: Chances of long-term impact are less, says AIIMS Director

A gas leak at a chemical plant in RR Venkatapuram village in Visakhapatnam on Thursday left 11 people dead and several hundred hospitalised. Andhra Pradesh chief minister YS Jagan Mohan Reddy visited hospitals where the victims have been admitted and he announced a compensation of Rs 1 crore for the deceased in the Visakhapatnam gas leak.

The chief minister also announced Rs 10 lakh each to those undergoing treatment on ventilator support, Rs 1 lakh for those who have been hospitalised due to the incident and Rs 25,000 to those who took treatment as out-patients after developing health complications due to inhalation of the styrene vapour.

The chief minister also announced a committee to probe into the mishap and said the government would talk to the LG Polymers management seeking job for the kin of the deceased in any of its businesses.

At the review meeting, the Collector informed the Chief Minister that the gas spread was limited to a 1.5 to 2 km area from the epicentre of the leak and that the locals were evacuated to safety.

After the incident, Prime Minister Narendra Modi chaired a high-level meeting where he discussed at length the measures being taken for the safety of the affected people as well as for securing the site affected by the disaster at Vizag. After chairing the high-level meeting on the Vizag gas leak tragedy, PM Modi also spoke to Chief Minister YS Jagan Mohan Reddy and assured all the required aid and assistance from the Centre to tackle the situation.

While addressing a press conference, AIIMS Director Dr Randeep Guleria said that the chances of the long-term impact of styrene gas, which leaked from a gas plant in Andhra Pradesh's Visakhapatnam are less. Clearing the air about the impact of the gas leak, Dr Randeep said, The chances of long-term impact are less because this compound metabolises and leaves the body quickly. This is an acute exposure rather than a chronic exposure. But we will have to follow up and see. As of now, the data doesn't suggest a significant long-term effect," reports ANI.

Para-tertiary butyl catechol or PTBC, a chemical made in Gujarat's Vapi, is currently being used in Visakhapatnam to neutralise the effect of the gas leak, said an official from the Gujarat government. Ashwani Kumar, secretary in the Gujarat chief minister's office, said that the chemical will be sent to Visakhapatnam on an urgent basis.

A press release from Andhra Pradesh Chief Minister's Office (CMO) said the official machinery swung into action immediately after the incident and evacuated people from the area after rushing those who fell ill to nearby hospitals where they are being treated for respiratory and other ailments.

Smokes rise from an LG Polymers plant following a gas leak incident in Visakhapatnam on May 7, 2020. At least eight people have been killed and several hundred hospitalised after a gas leak at a chemicals plant on the east coast of India, police said on May 7. Pic: AFP

Panic-stricken people rushed out of their homes, only to collapse. Several cattle and livestock also succumbed to the poisonous gas pervading the air. In scenes reminiscent of the Bhopal gas tragedy of 1984, the streets and hospitals of Visakhapatnam were filled with people in panic, scared to breathe and unable to fathom the silent tragedy that struck them.

Prime Minister Narendra Modi also took to Twitter to say that he spoke to officials of MHA and NDMA about the situation.

Home Minister Amit Shah took to the micro-blogging site to say the incident is disturbing. He wrote, "The incident in Vizag is disturbing. Have spoken to the NDMA officials and concerned authorities. We are continuously and closely monitoring the situation. I pray for the well-being of the people of Visakhapatnam."

Chandrababu Naidu also expressed his condolences to the ones affected in the tragedy.

"Chief Minister is closely monitoring the situation and has instructed the district machinery to take immediate steps and provide all help," said Andhra Pradesh CMO.

The Chief Minister enquired about the gas leak incident and directed the district officials to take every possible step to save lives and bring the situation under control.

The gas leakage took place at LG Polymers industry in RR Venkatapuram village here on Thursday, said Tirupathi Rao, District Medical & Health Officer (DMHO).

(with inputs from agencies)

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Julie Andrews wants third part of 'The Princess Diaries' soon

Veteran actress Julie Andrews says she wants a third part of "The Princess Diaries" franchise to happen soon as she is "getting awfully old". It's been 16 years since the second film in "The Princess Diaries" film opened. The series also stars Anne Hathaway.

During her appearance on "The Talk", the 84-year-old actress opened up about the prospect of a third movie, reports dailymail.co.uk. "It's long been talked about but nothing sort of been on my desk or anything like that. I think I would (do it). I'm getting awfully old and crotchety," she said.

Andrews played Queen Clarisse Renaldi, the ruler of Genovia in "The Princess Diaries", with Hathaway playing her granddaughter, Princess Mia Thermopolis.

The first movie followed the Queen as she groomed the princess to rule the land of Genovia. The movie made on a $26 million budget was a surprise hit. In 2004, Andrews and Hathaway reunited for the sequel "The Princess Diaries 2: Royal Engagement", about Mia preparing for marriage and finding love.

Talking about the franchise, Andrews said: "'I'm not sure if it's the right timing, but I think to work with Annie (Hathaway) would be lovely again. And yeah, sure I would be up for it. I think we should wait if the script comes in just wait for that."

Filmmaker Garry Marshall, who passed away in 2016, directed both movies, with Gina Wendkos writing the first movie and Shonda Rhimes writing the sequel.

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Angelina Jolie sends condolences to Irrfan Khan's family

Hollywood superstar Angelina Jolie has expressed her condolences on the demise of Indian actor Irrfan Khan, in a message shared with IANS.

"I had the privilege of working with Irrfan Khan on the set of A Mighty Heart. He stood out for his generosity as an artist, which made it a pleasure to work in any scene with him. I remember the intensity of his commitment, and equally his smile. I send my condolences and my sympathy to his family, his friends, and all admirers of his work, in India and around the world," Jolie said in her message.

"A Mighty Heart", is a 2007 drama directed by Michael Winterbottom based on the 2003 memoir of the same name by Mariane Pearl. The film accounts the aftermath of the kidnapping of Marianne's journalist husband Daniel Pearl in Pakistan, and his subsequent beheading by the kidnappers.

Jolie played Marianne Pearl while Irrfan impressed Karachi police chief Zeeshan Kazmi, in a well-written role. Most of the Karachi sequences of the film were shot in Pune.

The critically-acclaimed film was screened out of competition at the 2007 Cannes Film Festival, and is widely considered one of the earliest films to train the global spotlight on Irrfan Khan.

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WATCH: “I had one of my best experiences so far working with him,” says Sara Ali Khan on working with Varun Dhawan

If not for the lockdown, Sara Ali Khan and Varun Dhawan starrer Coolie No 1 would have been playing in the theatres right now. The film directed by David Dhawan is a remake of the 1995 film of the same name starring Govinda and Karisma Kapoor. In an exclusive conversation with Bollywood Hungama, Sara Ali Khan spoke about her experience working with Varun Dhawan.

Three-film-old Sara Ali Khan worked with Varun Dhawan for the first time. While the trailer of their film has not been released yet, fans are already rooting for this pairing based on the pictures from the sets of Coolie No 1 and the camaraderie shared by the two on social media. Talking about her experience working with Varun Dhawan, Sara Ali Khan said, “I think I had an absolute blast working with Varun. Firstly, I think he knows his job so, so well and he is fully focussed on that, which I think is important when you are on a film set. That side, I think he is very, very supportive as a co-actor. He is superbly friendly and he is a lot of fun. I think I had one of my best experiences so far working with him. He knows how to be professional and serious and we need to give work the importance it needs and deserves, but he is also, in general, a very fun and chill person. So, I think he is one of the only people who I have worked with and actually hang with as well. I really like that about him. He is definitely one of my favourites.”

Watch video here:


Meanwhile, on the work front, Sara had started shooting for Atrangi Re before the lockdown was imposed. Atrangi Re directed by Aanand L Rai also stars Akshay Kumar and Dhanush.




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HyperSurfaces control electromagnetic energy with an app

Metasurfaces can manipulate electromagnetic energy far beyond the limits of natural materials. An EU-funded project has developed a multifunctional and more accessible version that could enable easily programmable, smarter environments.




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Ex-Italy footballer Francesco Totti almost split from wife after she brought home a cat

Italian football legend Francesco Totti has revealed that he nearly ended his marriage with TV presenter Ilary Blasi when she decided to bring home a sphinx cat, a hairless breed.

FIFA World Cup winner Francesco, who married Blasi in 2005, two years after they began dating, told former teammate Christian Vieri in an Instagram Live chat: "I was furious with my wife…she bought a hairless cat and called it Donna Paola. At night, the cat insists on sleeping in our bed, next to our legs. She's a very affectionate cat but almost caused us to break up."

Ilary got the cat home against Francesco's wishes. "She wanted a cat at all cost. I was adamant we shouldn't. One day, she brought it home because ultimately she makes all the decisions in this family," he added. The couple did not talk to each other thereafter before Francesco started liking the feline. "We didn't speak for days, but in the end, I fell in love with the cat too," said Francesco, who retired from football in 2017 after spending 15 years at Italian club Roma, where he scored 307 goals from 785 matches.

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7 best places beach lovers must visit in Portugal


Portugal. Pic courtesy/YouTube

With mild climatic conditions and more than 3,000 hours of sunshine a year, Portugal makes for a perfect holiday destination. Not only these but also 850 km of fabulous beaches and a valuable heritage add to the country's beauty. Also, if you are a food lover and have a taste for Mediterranean-influenced cuisine that is rich in flavours and aroma, then you must plan a trip to this southern European country soon.

If you are fond of beaches, then these are some of the best places to visit in Portugal:

1. Porto E Norte: It was in the Porto and in the North regions that Portugal was founded in the 12th century. The region is crossed by the River Douro which enters Portugal between the ravines and mountains of the interior to flow through the entire world heritage landscape where the Port and Douro wines are produced. In this area of mountains and natural parks, the region¿s heritage is seen in its castles, such as the one in Guimarães, and the shrines and churches which are the stage for pilgrimages in the summer.

2. Centro de Portugal: In the interior of the country, there are mountains and villages of granite and schist. Serra da Estrela, the highest peak in mainland Portugal, is the star of the mountains, with its endless landscapes and glacial lagoons. But there are also the Lousã, Açor and Caramulo ranges, where you can discover nature by hiking or by bike.

3. Lisboa Region: Lisbon is the place to be! Frequently chosen as one of the best destinations in Europe, the capital of Portugal is an old city, full of history and vestiges of the past and yet, at the same time cosmopolitan, multicultural, full of culture and life. From historical and heritage areas, from the Baixa Pombalina to Belém (where only yards separate the Jerónimos Monastery and Belém tower, both classified as UNESCO World Heritage Sites, together with the Monument to the Discoveries), to the newest part of the city ¿ Parque das Nações with its fabulous Vasco da Gama bridge (the longest in Europe and one of biggest in the world),to the characteristic neighborhoods of Alfama, Mouraria, Sé and Bairro Alto, with their winding streets, centuries-old houses and traditional shops, Lisbon is always surprising.

4. Alentejo: A land of Great Plains, cork oaks, vineyards, and excellent wines, of immaculately whitewashed houses, the Alentejo is also a land of outstanding beaches, some almost deserted in the hottest summer months. The largest continuous stretch of beaches in Europe for about 60 km long is perfect for a few days' rest and relaxation, but also for lovers of surfing and other water sports, who will find plenty of options here.

5. Algarve: With a coastline stretching 230 kilometers, more than 130 beaches, the beaches in Algarve are constantly ranked as some of the most beautiful beaches in the world and considered as Europe's Best Beach Destination by the World Travel Awards. The sea, which is always inviting for a dip or a wide range of water sports, the mild temperatures and award-winning golf courses, the Algarve also offers gastronomical experiences.

6. Azores: In the middle of the Atlantic, nine small islands surprise with their absolutely stunning landscapes. The Azores are an archipelago of rare beauty, full of tradition and history, with plenty of leisure activities for the whole family, both at land and sea. In Sao Miguel, the largest island and home to the capital Ponta Delgada, you must visit the incredible volcanic lakes of Sete Cidades, Fogo and Furnas.

7. Madeira: Madeira is a green oasis, with incredible natural beauty, right in the Atlantic Ocean. With two-thirds of its landmass, a protected area and the largest Laurissilva Forest in the world, a world heritage site, flowers and exotic fruits abound here all year round, thanks to the almost tropical climate. Those who enjoy outdoor activities and different degrees of challenge in walks along the levadas (old irrigation canals) or mountain trails that open out into lush landscapes and unique biodiversity will find the perfect destination here. The capital, Funchal, has an interesting history linked to the days of the discoveries and holds various events throughout the year, such as the Madeira Flower Festival, Carnival and the always spectacular fireworks that mark the beginning of the New Year.

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

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Aati Kya Khandala's tapori lyricist survives health scare, bounces back

In 1996, when lyricist Nitin Raikwar dropped by on the set of Aamir Khan's Ghulam, on the recommendation of actor and filmmaker Neeraj Vora, it was to craft gimmicky dialogues for Khan's next film, Sarfarosh. "They wanted me to write funny shayaris for one of the characters in the film," he says. The shoot was at Sanpada in Navi Mumbai, and due to a technical snag, the crew had plenty of time to kill. "I noticed that Aamir was relatively free at that point, so I went up to him and requested that he give one of the songs I had written a listen. He heard it, and immediately called director Vikram Bhatt. They both thought the song was unusual but nice," recalls Raikwar. That song was Aati Kya Khandala, eventually sung by Khan himself, becoming a number that would make it to every Bambaiyya Hindi song list after.


Nitin Raikwar, sought to capture the mood of Goa. Pic/Satej Shinde

Raikwar went on to continue to use the slang in some of his memorable songs including Apun Bola Tu Meri Laila from Josh (2000), Excuse Me Kya Re from Style (2001) and the iconic Khallas from Ram Gopal Varma's Company (2002). Raikwar has also worked on children's films, and penned lyrics for Chota Chetan (1998), Jajantaram Mamantaram (2003) and others like Pyar Tune Kya Kiya (2001), Aankhein (2002) and Main Madhuri Dixit Banna Chahti Hoon (2003). "I think what worked for me at that point was the novelty factor. People dig variety. For instance, we may love our vada pav, but when the burger made an entry in early 2000, we started queuing up for it. It's the same with songs," he says. These days, Raikwar is working on his debut album for which he has collaborated with Shrikant Ahire, one of Maharashtra's foremost shadow dancers. He plans to release a single from it next month. The song is called Khan Sahab Apne Ladke Ko Sambhal. "I thought I'd write in a manner that people identify with. I can't write in a flowery and larger-than-life way. It's not me."


Apun Bola from Josh, which was written by Nitin Raikwar

Writing in tapori language was a skill that Raikwar developed after he moved to Mumbai from Pune in 1987. By then, he had already tried his hand at singing in orchestras, something his father wanted him to do since he was a successful show organiser. "But I didn't see myself singing in orchestras all my life. I was aware of the risk and struggle involved in Bollywood, but I was adamant to make it," he says. With little money to spend, Raikwar's story reads like that of so many others who move to Mumbai from smaller towns to try their luck. "When a man is struggling, he spends time with people who are like him. So I would sit at chai tapris and talk to rickshawallas, drivers and daily wage labourers. Because I'm talkative and an extrovert by nature, I could strike up a conversation with just about anyone. That's how I picked up the slang," he says. Even when he didn't have projects, Raikwar would write and seek feedback from his friends, some of whom were already working in the film industry as supporting actors. And it's through their assistance that he finally met Anil Kapoor on the sets of Ladla. "I consider that the turning point in my life.

Anil Kapoor felt I had potential and introduced me to directors and filmmakers," he says. Raikwar's first song was Teri Tirchi Nazar Main Hai Jaadoo for Anil Kapoor-starrer Loafer in 1996. But it was Aati Kya Khandala that earned him fame like no other. In fact, it helped him bag a Shah Rukh Khan film soon after. "I remember writing Apun Bola in 15 minutes after I heard the script. I wanted it to reflect Goan culture so I included words like kokum curry. You'll also find words like 'hoinga' and 'karenga', just the way a Catholic aunty would say them," he says.

In 2014, Raikwar had to put all work on the backburner for two years due to an illness. It began with bouts of headache, and he was later diagnosed with subdural hematoma of the brain. "The clots had to be removed through surgery. For a long time, I couldn't work because of the illness. I'm fine now, and hope to get back to what I do best," he says.

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Taj Mahal, Mumbai Sea Link among top 10 travellers' choices


Bandra Worli Sea Link

The eternal monument to love, the Taj Mahal in Agra and the Rajiv Gandhi Bandra Worli Sea Link in Mumbai figure among the Top 10 TripAdvisor's Travellers' Choice awards of 2018 for most visited and popular tourist landmarks, it was announced here on Tuesday.

The other top Indian monuments in the list of awards include: Amber Fort in Jaipur, Golden Temple of Amritsar, the Qutub Minar, Humayun's Tomb, Swaminarayan Akshardham Temple, and Gurudwara Bangla Sahib in New Delhi, Agra Fort, and Mehrangarh Fort in Jodhpur.

The award winners were decided using an algorithm that took into account the quantity and quality of reviews and ratings for landmarks worldwide over a 12-month period.

This year's TripAdvisor awards recognize 759 monuments spread in 68 countries globally, said the company's Country Manager Nikhil Ganju.

"India's landmarks as as diverse at its heritage and are among some of the most iconic structures in the world. The list presents fantastic gems ranging from poignant memorials to sheer architectural marvels that are great options for travelers," he added.

Mumbai's sole entry to the list, the RGBWSL is one of its most prominent modern landmarks and an infrastructure marvel of a cable-stayed bridge cutting through the Arabian Sea to connect Bandra with Worli.

The top 10 Travellers Choice Landmarks of Asia include: Angkor Wat in Cambodia, Taj Mahal and the Golden Temple in India, Wat Pho or Temple of Reclining Buddha in Thailand, Mutianyu Great Wall of China, Fushimi Inari-taisha Shrine of Japan, Shwedagon Pagoda in Myanmar, Petronas Twin Towers in Malaysia, and the Cu Chi Tunnels in Vietnam.

Similarly, the Top 10 landmarks worldwide are: Angkor Wat, Plaza de Espana in Spain, Sheikh Zayed Grand Mosque Centre in UAE, St. Peters Basilica of The Vatican, Mesquita Cathedral de Cordoba in Spain, Taj Mahal, Duomo di Milano in Italy, Alcatraz Island and Golden Gate Bridge both in US, and the Parliament of Hungary.

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Mumbai chefs on why it's perfect time to pick their own spices and condiments

Timut
At: The Clearing House, Ballard Estate


Pastry chef Husna Jumani sources timut from the Northeast. Pic/Bipin Kokate

It's not often that you come across a dessert with pepper. It's for this reason that Husna Jumani, head pastry chef at The Clearing House, decided to experiment with the timut, the popular Nepalese pepper, in their Greek yoghurt pannacota. "I had already tried using other varieties of pepper, so I thought timut would be a great addition because the flavour is pronounced. It is spicy, with hints of grapefruit," says Jumani, who sources it from the Northeast.

However, it's an ingredient that can work either way, she warns. "If used with the right combinations, it can elevate the dish like no other. Else, it will overpower the other ingredients." Apart from being a tricky ingredient, it's also an acquired flavour. "When people eat it, they might not recognise it or might not realise it's a spice. It has a spicy yet fruity undertone."

Green peppercorn and krachai
At: Izaya, Nariman Point

When restaurateur Farrokh Khambata launched Izaya last November, it wasn't just a new fine-dining address he was looking to introduce. What he also wanted to do was offer the diner an innovative range of spices. "It gets boring to cook with basil and bird eye chilies, when you are talking Thai food. I wanted to give things an overhaul," he says. He sought recourse in the aromatic, fresh green peppercorn, plucked from the Piper Nigrum vine, and the krachai or Chinese ginger, both found in Southeast Asia.


The green peppercorn is added at the end

At the restaurant, krachai finds its way into a sauce that accompanies the Australian barramundi or sea bass fillet, and the green peppercorn makes an appearance in the yakitori style-grilled chicken. Both are crushed on stone and added to the dish at the end.


Thai ginger. Pic/Bipin Kokate

"Certain spices like kadi patta require oil to bring out their essence, but not these," Khambatta adds. What gives these flavouring agents an edge is their freshness. "When it's in season, we use it fresh, which means that they have a short shelf life. But our dishes won't be the same without them."

Ajamoda
At: Olive Bar and Kitchen, Bandra


The lifecycle of the ajmoda plantsown at the restaurant. Pics/Ashish Raje

A couple of months ago, one of the chefs at Olive Bar and Kitchen, stumbled upon ajamoda or wild celery seeds on a trip to Kolkata. Curious, he decided to plant it and see what comes of it.

"It's only been four weeks since we decided to use it as a brine for the tuna jerky, because of its intense flavour," says head chef Rishim Sachdeva. A well-known Ayurvedic medicinal herb, the ajamoda belongs to the ajwain family and is native to West Bengal. The restaurant sources it from Vrindavan Farms in Palghar.

"We braise it and add it when the brine goes from warm to cold," he says. Interestingly, the guests have taken note. "Those who have tasted the dish have made it a point to tell us that there's something unique about the taste."

Pasilla Oaxaca
At: Xico, Kamala Mills


Chef Jason Hudanish with a range of spices at Xico. Pic/Bipin Kokate

Chef Jason Hudanish wanted to introduce the pasilla Oaxaca at Lower Parel's Xico for more reasons than one. "It's a dark red chill — smokey and fruity with a heat level that is sharp but not overwhelming. Also, it can be used in just about anything — soup, stew, rice or salad," he says. What works against it though, is that it's fairly expensive and not readily available unlike the more common pasilla pepper, a dried chili used in traditional Mexican mole sauces.

The pasilla Oaxaca is produced only in the hilly Oaxaca region of southern Mexico. Here, it is used to make the hearty tortilla soup and borracho salsa, their table side sauce. Apart from pasilla Oaxaca, you'll also find that the achiote, a red paste made from grinding Annatto seeds with oregano, cumin, cloves, allspice berries, black pepper and salt. "It's powerful and pungent. We use it in the slow roasted pork, but warn people before serving it," he says.

Peela Masala
At: All Elements, Khar


The peela masala has been concocted using 12 different spices. Pic/Bipin Kokate

All Elements might be a young, two-month old café, but the cooking techniques it employs are age old. In fact, the peela masala used to spice up the seafood and vegetarian appetisers, is a legacy dating back three generations.

"My grandmother, Harbans Bedi, created this spice mix using 12 ingredients that she would source from local shops in Mazgaon. For me, she's the real mistress of spices," laughs proprietor Gudiya Chadha. The ingredients include star anise, coriander seeds and clove, among others. Understandably, the flavour is strong and hits you the moment you open the lid of the container. "A pinch is all you need. Else, it will overpower the dish."


Gudiya Chadha

Sassafras powder
At: Toast and Tonic, BKC


Pic/Ashish Raje

At Toast and Tonic, most marinades and mixes are prepared in house, using indigenous ingredients. The sassafras powder, therefore, is an exception. Also called a Gumbo filé powder, it comes from a sturdy tree in Louisiana.

At the restaurant, you'll find the powder stored in glass jars. "It is popular for creole and cajun cooking. We use it for both, flavour and texture in traditional gumbo, because it not only thickens the broth, but also lends it an earthy flavour," says sous chef Chirag Makwana. Filé powder is generally added at the end of cooking, or stirred into hot gumbo right before serving. They also sprinkle a pinch on their prawn flatbread for flavour.

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Tax-News.com: EU Introduces New Anti-Dumping Methodology

New EU trade defence legislation entered into force on December 20, changing the way the EU deals with dumped and subsidized imports.




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Tax-News.com: Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies

In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income.




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Watch video: Shikhar Dhawan dances with son Zoravar on 'Daddy cool'

Indian opener Shikhar Dhawan is making most of the forced break by spending quality time with his family at home with the ongoing lockdown in place due to the coronavirus pandemic.

From washing clothes to playing and training with his kids at home, Dhawan has been keeping himself busy with all kinds of different activities.

On Thursday, he posted another video of him dancing with his son Zoravar on a popular Bollywood song "Daddy Cool".

"Life is so much fun with this mastikhor insaan! Sachi bolu toh daddy aur beta dono hi cool! Love this little one," the left-handed opener captioned the video on Instagram.

Recently, he had revealed he is trying his hand at playing a flute and honing his overall musical skills.

"Playing a musical instrument, the vibrations you can feel inside your body. Music gives you peace and everybody should try to learn how to play a musical instrument now especially because we have so much time to spend at home due to the lockdown," Dhawan had said while chatting with India middle-order batsman Shreyas Iyer on Instagram Live.

Before that, the southpaw alongwith his wife Ayesha, had recreated popular Bollywood number "Dhal gaya din, ho gayi sham" from the movie �Hamjoli'.

The 34-year-old had earlier posted a hilarious video in which he was seen washing the clothes of the house and in the background the Bollywood film song- 'Jab se hui hai shaadi, aansu baha hoon ...' was playing.

In normal circumstances, Dhawan would have been currently involved in the 2020 edition of the Indian Premier League (IPL) which now stands "indefinitely suspended" due to COVID-19 pandemic.

The entire sporting calendar has come to a grinding halt with the coronavirus outbreak which has claimed more than 1.4 lakhs lives across the world thus far.

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Gloucestershire cricketer George Hankins arrested for drunk-driving incident

Gloucestershire batsman George Hankins has been arrested for a drunk-driving incident in Surrey following a car crash.

Hankins, who has featured in 28 first-class games, was arrested after the collision in Portsmouth Road, Cobham, on April 19 and will now appear in Guildford Magistrates' Court in July, reports BBC Sport.

"Gloucestershire Cricket has been made aware of an incident - being investigated by Surrey Police - regarding one of its players, who has been based in Surrey during the COVID-19 lockdown period.

The club is in touch with the player concerned and has initiated a full internal investigation," the club said in a statement.

The 23-year-old has scored 961 first-class runs since making his debut in 2016 against Durham. He has also featured in 15 List A games and seven T20 games - scoring 535 and 17 runs respectively.

Gloucestershire is the same club where ace India Test batsman Cheteshwar Pujara was supposed to play the first six matches of this year's County Championship. The deal was, however, called off earlier this month due to the COVID-19 pandemic which is spreading rapidly in the United Kingdom and has claimed thousands of lives in the country.

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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




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RIP Rishi Kapoor: Sachin, Mithali, Harbhajan extend heartfelt condolences to Kapoor family

Veteran Bollywood actor Rishi Kapoor passed away today after he was admitted at the Sir HN Reliance Foundation Hospital in Mumbai.

Earlier today, Bollywood actor Amitabh Bachchan took to social media site Twitter to confirm the news of the death of Rishi Kapoor.  Sachin Tendulkar, Mithali Raj, Harbhajan Singh and his wife Geeta Basra all took to Twitter to express their feelings on the sudden death of Rishi Kapoor this morning.

"Very very sad to hear about the passing away of Rishi ji. I grew up watching his movies and he was always very gracious when we met over the years. May his soul Rest in Peace. My heartfelt condolences to Neetu ji, Ranbir and the whole Kapoor family," said Tendulkar on Twitter.

Indian women's ODI team skipper Mithali Raj termed the actor's demise as "huge loss" and said she will miss him on the silver screen.

"Shocked by the demise of veteran actor Rishi Kapoorji.Never quite got his due for the acting genius that he was! His boyish smile,straight talking ,jovial & endearing personality won him millions of followers.Huge loss.Will miss dearly on the silver screen. OM Shanti #gonesoon," Raj tweeted.

India spinner Harbhajan Singh also mourned the death of the actor and wrote, "Woke up with this very sad news @chintskap is no more #RIPRishikapoor ji Condolence to the family.."

Harbhajan Singh's actress wife Geeta Basra also took to Twitter to share a quote from his film as a tribute to Rishi Kapoor.

In September 2019, the veteran actor returned to Mumbai after staying in New York for almost a year for cancer treatment. He was last seen in the 2019 film 'The Body' alongside Emraan Hashmi and Shobita Sobhita Dhulipala.

Inputs from ANI

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Watch video: Shikhar Dhawan dances with daughter Aliyah as she turns 20

India cricketer and star opener Shikhar Dhawan's daughter Aliyah turned 20 on Tuesday and the doting father posted a cute Instagram video dancing alongside her. "Happy birthday my angel! May you forever sparkle and shine like the star that you are. I miss you so much. Take care and enjoy your day @aliyah_dhawan," Shikhar, 34, captioned his video.

Meanwhile, Aliyah's mum Ayesha also posted a sweet message for her eldest daughter. "My partner in crime for life. My ride or die!!! This beautiful young lady is my soul, my heart my life!!! You are the reason I am who I am today! God bless you @aliyah_dhawan love you dearly #HAPPY 20th BIRTHDAY MY INSPIRATION," Ayesha wrote.

Ayesha Dhawan, 44, has two daughters, Rhea, 14, and Aliyah from a previous marriage. Shikhar and Ayesha fell in love and got married in October 2012. In 2015, the couple welcomed their son, Zoravar.

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Trump faces backlash for cutting WHO funding amid pandemic

Nations around the world reacted with alarm Wednesday after President Donald Trump announced a halt to the sizable funding the US sends to the World Health Organisation. Health experts warned the move could jeopardize global efforts to stop the Coronavirus pandemic.

Trump said he was instructing his administration to halt funding for WHO pending a review of its role "in severely mismanaging and covering up the spread of the coronavirus." The United States is WHO's largest single donor, contributing between $400 million and $500 million annually to the Geneva-based agency in recent years. He has repeatedly labelled COVID-19 the "Chinese virus" and criticised the UN health agency for being too lenient on China, where the novel virus first emerged late last year.

EU 'deeply regrets' move
An investigation by The Associated Press has found that s ix days of delays between when Chinese officials k new about the virus and when they warned the public allowed the pandemic to bloom into an enormous public health disaster. The European Union said Trump has "no reason" to freeze WHO funding at this critical stage and called for measures to promote unity instead of division. EU foreign policy chief Josep Borrell said the bloc "deeply" regrets the suspension of funds and added that the WHO is now "needed more than ever" to combat the pandemic.

Stand with WHO: Oz
Australian Prime Minister Scott Morrison said he sympathised with some of Trump's criticisms of WHO and China but that Australia would continue to fund the UN health agency. Germany's foreign minister, Heiko Maas, pushed back at Trump's announcement. Devi Sridhar, chair of global public health at the University of Edinburgh, called said. "This is the agency that's looking out for other countries and leading efforts to stop the pandemic. This is exactly the time when they need more funding, not less. Trump is angry, but his anger is being directed in a way that is going to ultimately hurt US interests."

A selfish decision: Russia
Russia's Deputy Foreign Minister Sergei Ryabkov told state news agency TASS, "I's a sign of the very selfish approach of the US authorities to what is happening in the world." Chinese foreign ministry spokesman Zhao Lijian said the country is "seriously concerned" about the US government's decision to suspend funding and hinted at stepping up its monetary contribution to WHO. The WHO did not respond to repeated requests from The Associated Press for comment, but its but Director-General Tedros Adhanom Ghebreyesus tweeted, "There is no time to waste".

Now, Trump says states to decide on reopening economy

A day after claiming "total authority" in decision-making, Donald Trump on Tuesday said he would leave it to individual governors to decide on the reopening of the economy in their respective states, which in some cases could be even before May 1. COVID-19 has so far infected over two million people worldwide. In the US, over 25,000 have lost their lives and more than 6 lakhs have tested positive. Over 95 per cent of the 330 million population in the US are under stay-at-home order.

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Donald Trump warns China of consequences over COVID-19

US President Donald Trump has warned China that it should face consequences if it was "knowingly responsible" for the spread of COVID-19, upping the ante on Beijing over its handling of the COVID-19 pandemic.

Trump, who has expressed disappointment over China's handling of the disease, alleged non-transparency and initial non-cooperation with the US on dealing with the crisis. "If they were knowingly responsible, yeah, then there should be consequences. You're talking about, you know, potentially lives like nobody's seen since 1917," he said on Saturday.

Trump said his relationship with China was very good till the time the deadly COVID-19 swept across the world. He said there was a big difference between a mistake that got out of control and something done deliberately. He also expressed his doubts over the official Chinese figures on the number of deaths in their country, claiming that the fatalities were way ahead of the US.

A premier Chinese virology laboratory in Wuhan, which is in the eye of the storm for allegedly being the source of Coronavirus, has for the first time refuted the charge that the deadly virus originated from his lab before it spread across the world and wreaked havoc.

Hungry, jobless turn to food banks in US

Thousands of families hit by the pandemic are turning to food banks to get by, waiting hours for donations in lines of cars stretching as far as the eye can see. And with 22 million people out of work seemingly overnight, the charities feeding homeless and scared people fear the day will come when they cannot cope with the tsunami of demand.

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Equity indices fall by 2.6 per cent as US oil prices dip below zero dollar a barre

Equity benchmark indices slipped by 2.7 per cent during early hours on Tuesday in line with Asian peers after US oil prices slipped below zero dollar a barrel in overnight trade.

US crude futures turned negative for the first time in history following a collapse in oil demand as the coronavirus pandemic derails the global economy.

At 10:15 am, the BSE S&P Sensex was down by 870 points or 2.75 per cent at 30,778 while the Nifty 50 edged lower by 248 points or 2.69 per cent at 9,013.

Except for Nifty pharma and FMCG, all sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 5.2 per cent, auto by 5.1 per cent and private bank by 4.3 per cent.

Among stocks, index heavyweight Reliance Industries fell by 3.93 per cent to Rs 1,195.60 per share. Metal majors Hindalco dropped by 8.9 per cent at Rs 106.10 per share while Tata Steel lost by 7.1 per cent and Vedanta by 6.6 per cent.

Auto major Maruti skidded by 6.8 per cent to Rs 4,964.70 per share and Tata Motors by 5.2 per cent.

Private lenders IndusInd Bank, Axis Bank and ICICI Bank dipped by 6.7 per cent, 6.1 per cent and 5.8 per cent respectively.

However, those which gained were Dr Reddy, Cipla, Nestle India, Hindustan Lever and ITC.

Meanwhile, Asia shares were in the negative zone after an overnight tumble at Wall Street with US crude futures turned negative for the first time in history. However, it bounced back into positive territory this morning.

MSCI's broadest index of Asia Pacific shares outside Japan fell half a per cent. Japan's Nikkei fell by 2.26 per cent while Hong Kong's Hang Seng lost by 2.38 per cent and South Korea's Kospi slipped by 1.67 per cent.

Overnight stateside, the Dow Jones Industrial Average closed 592 points lower at 23,650, the S&P 500 slipped by 1.8 per cent to end its trading day at 2,823 and the Nasdaq Composite pulled back 1 per cent to close at 8,561.

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Coronavirus Outbreak: Instances of humanity amid lockdown overshadow bad news

New York: The idea formed on a day when all the news headlines were dire. The coronavirus was surging worldwide; Nashville had lost lives in a devastating tornado and children had their lives upended as they separated from beloved classmates to shelter at home.

But only bad news is never the whole story. Days later, The Associated Press started its daily series 'One Good Thing' to reflect the unheralded sacrifices made to benefit others that normally wouldn't make a story, but maybe always deserved one.

Since March 17, when a Norwegian mom tried to soften the blow of birthdays under quarantine for her two teens by asking via social media that people reach out to them, there have been 35 stories about the ways that everyday people have tried to make a positive difference in the lives of others. The gestures have been grand and small, some as simple as chalk-written messages on a sidewalk thanking healthcare workers at a New Orleans hospital for their efforts.

Music has been a central theme. The series has included stories about a Rio firefighter sharing his love of music from a hydraulic ladder 150 feet up as he played the trumpet for cooped-up apartment dwellers; a virtual rendition of 'Bolero' from the National Orchestra of France, with each musician playing alone at home; the virtual Corona Community Choir with members around the world, performing on Sundays.

If music soothes the soul, food feeds it. There have been six stories that tell of benefactors feeding health care workers, the poor, the elderly shut ins, even volunteers feeding hungry animals at a revered Hindu temple in Kathmandu, Nepal.

There have been meals from Brooklyn caterer Israel Frischman for Holocaust survivors who are shut in. The day after the story ran, donations poured in and now Frischman has financial backing for the needed meals.

And simpler fare from the 'Solidarity Menu' started by Emiliano Moscoso who employed his hamburger chain of restaurants in Colombia to feed poor neighborhoods in Bogota.

The delivery of lifesaving supplies has been a storyline as well, from the professional cyclist in Italy who has gone from racing against competitors to racing medicine to those in need, to Yale student Liam Elkind's delivery service. A month after reporting on Elkind's 'Invisible Hands' effort which he started with a friend, he reports that it's ballooned.
'We're making over 1,000 deliveries a week now, and over 10,000 volunteers have joined our group. I feel like I haven't slept in decades, but, honestly, I've never felt more energized,' he said.

Heroes have emerged in youth, from Nova Knight, a 5-year-old firecracker in Alaska imploring her cohorts to wash their hands and postpone playdates, to 16-year-old TJ Kim, who can't drive, but can fly. He uses those skills to deliver much-needed medical supplies across rural Virginia.

The stories have circled the world, from Colombia and Nepal, to Italy, Germany, France, Spain, Brazil, Israel, Indonesia and South Korea where Kim Byung-rok, a shoe cobbler, donated land to help raise money for the fight against the virus.

In the month of stories about the goodness of others, it's no surprise when we doubled back to the previous subjects of the coverage, AP journalists found the obvious: the givers' giving has expanded.

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US oil prices turn positive, another bloodbath expected Tuesday

Oil is doing something that is even making Market veterans shake their heads in wonder. After shedding more than 300 per cent or $56 a barrel in one single day on Monday, the West Texas Intermediate (WTI) crude for May delivery gained some ground early on Tuesday, recovering 103 per cent to come back in the positive zone at $1.35 a barrel.

But analysts expect that bloodbath in US oil market may continue well into Tuesday when May future contracts are expiring and traders still left with long positions facing actual delivery of oil may look to liquidate their stock even if they have to pay to do this. In simple terms this means that traders do not want to store crude by taking actual delivery for May and incur cost while not finding any buyers in the absence of demand that has also shrunk sharply by more than a third in Covid-19 pandemic.

"We could again see price of oil in US going into the negative zone on Tuesday. But this could be a lot less sharper than what was witnessed on Monday," said an oil sector analyst asking not to be named.

He said that lower oil prices bore good for India but how much oil companies can gain from US fall is uncertain as the Indian oil companies are not very active in the US markets and trade very small quantities in the spot market. Still some of this oil could be contracted if freight arrangements are worked out on time.

While US oil has shown significant fall, Brent has maintained a fairly steady path. The benchmark Brent oil is still hovering at $ 25 a barrel. The US WTI for June delivery is still keeping its heads up at over $ 20 a barrel. But it would be seen if Covid-19 situation improves in coming days and demand picks up. Otherwise, June oil futures can go the May way.

The decline of oil prices comes despite the recent output cut agreement between the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.

There were hopes that agreement would stabilise oil prices, but with the Covid-19 pandemic continuing, there has been a large slip in demand that is not letting a pick-up in oil prices.

The current market is oversupplied on shrinking demand, creating a situation of free fall for crude.

The price of oil has now reached a point that it is increasingly becoming difficult for higher cost producers to remain in operation and rather look at declaring bankruptcy.

A lot of US shale producers are in deep trouble and analysts expect that low oil price for few more months will result in a spate of bankruptcies in the US.

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Indian girl brings smile on withered faces of US nursing home residents amid COVID-19 lockdown

Washington: Girls her age play Candy Crush or like watching cartoons, but 15-year-old Hita Gupta peps up hundreds of lonely Americans, including the elderly and children, marooned in nursing homes due to the COVID-19 lockdown by sending them gift packs and spirit-lifting notes.

The 10th-grade Indian-American student from Pennsylvania's Conestoga High School has an NGO 'Brightening A Day' and is using it to spread love, hope and joy among America's nursing homes' residents, especially senior citizens, to help them keep at bay their boredom arising from the COVID-19 restrictions.

Gupta brightens up their lives by sending them handwritten notes and gift packs containing puzzle and colouring books and a packet colour pencils.

"It saddens me to think of how lonely or depressed many nursing home residents feel because they cannot see their loved ones. Our seniors are already one of the most isolated groups. A research has shown that more than 40 per cent of seniors regularly feel lonely," Gupta told PTI in an email interaction.

"During this uncertain time, which is causing panic among many seniors, it's our responsibility to let them know that they are not alone. I initially started sending gift packs to nursing homes using self-funding. Now, I have sent them to residents of 16 local nursing homes," she said.

Each gift pack contains one puzzle book, one colouring book, and a pack of colour pencils/crayons, Gupta said. "It also contains an uplifting note written by my 9-year-old brother Divit Gupta," she said.

Her NGO has reached more than 2,700 kids and seniors in 50 hospitals and nursing homes in seven different States in the US with hand-made cards on holidays like Christmas and Valentine's Day. "We have also sent school supplies and cards to orphanages in India," Gupta said.

Gupta's initiative has won her praise from one and all.

"Need some inspiration? 15-year-old Hita Gupta, from Pennsylvania, USA, is brightening the lives of nursing home residents with gift packs through her NGO, Brighten A Day," the US Embassy in New Delhi wrote on its Facebook page.

"She aims to lift the spirits of those who are in need of some cheer by sending them love, hope, and joy through cards and gifts. During the COVID-19 lockdown period, she is sending handwritten notes and gift packs to cheer the residents and help them overcome loneliness and isolation. More power to you Hita!" the embassy said.

Nursing homes throughout the US are limiting the interaction of senior citizens who remain mostly confined to their rooms. Outsiders are also prohibited form visiting them, resulting in feelings of loneliness and isolation in many of them.

The US is the worst affected country from the coronavirus, with 842,000 infections and over 46,000 deaths reported so far. According to Centre for Diseases Control and Prevention, eight in every 10 deaths due to the coronavirus reported in the US are adults, and people who are 65 years old or above.

Globally, the coronavirus pandemic has claimed over 185,000 lives and infected more than 2.6 million people, according to the Johns Hopkins University data.




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UK announces 60,000 pounds for kin of COVID-19 NHS victims

The UK came together on Tuesday for a minute's silence in the honour of hundreds of healthcare and other workers who have lost their lives on the frontline of the Coronavirus fight across the country.

Prime Minister Boris Johnson, who just recovered from a severe coronavirus attack, led the tributes with UK Chancellor Rishi Sunak at 10 Downing Street for the National Health Service (NHS) and other key workers across care homes and public transport.

The tribute comes as the government announced a new time-bound insurance scheme for the families of such public sector healthcare workers who lost their lives while on duty during the pandemic, with a £60,000 Life Assurance Scheme.

"Financial worries should be the last thing on the minds of their families so in recognition of these unprecedented circumstances we are expanding financial protection to the NHS and social workers delivering publicly funded care on the frontline," said UK Health Secretary Matt Hancock.

"Nothing can make up for the tragic loss of a loved one during this pandemic. We owe a huge debt to those who die in service to our nation and are doing everything we can to protect them.

"We will continue to strive night and day to provide them with the support and protection they need and deserve to keep them safe as they work tirelessly to save lives," he said.

He said that bereaved family members will receive a £60,000 lump sum, worth roughly twice the average pensionable pay for the NHS staff, with the cost met by the government. The cases in the UK has reached 1,58,348 while 21,092 people have died, according to Johns Hopkins University tracker.

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USAID announces additional USD 3 mn aid to India to fight coronavirus

The US Government, through its aid agency USAID, has announced a grant of an additional USD 3 million to India to mitigate the spread of COVID-19. In coordination with the Indian government, the USAID is providing these funds to the Partnerships for Affordable Healthcare Access and Longevity (PAHAL) project, an innovative financing platform of IPE Global, USAID said in a statement on Wednesday. US Ambassador to India, Kenneth Juster, stated: "This additional funding to support India in its continuing efforts to combat COVID-19 is yet another example of the strong and enduring partnership between the United States and India."

To date, the USAID has provided USD 5.9 million to assist India in responding to the COVID-19 outbreak. This assistance will help India slow the spread of COVID-19, provide care for the affected, disseminate essential public health messages to communities, and strengthen case finding and surveillance. Through the PAHAL project, the USAID will support the National Health Authority to establish a financing facility that can mobilize resources from the private sector to assist over 20,000 health facilities enrolled under Pradhan Mantri Jan Arogya Yojana (PM-JAY), India's health insurance scheme for 500 million poor and vulnerable people.

During the talks on April 04, Prime Minister Narendra Modi and US President Donald Trump had agreed to deploy the full strength of the India-US partnership to combat the coronavirus pandemic. Early this month, India, at the request of President Donald Trump, had exported 35.82 lakh tablets of hydroxychloroquine to the US along with active pharmaceutical ingredient or API required in the manufacturing of the drug.

Trump had thanked India for its decision to export hydroxychloroquine to fight coronavirus and lauded Prime Minister Modi for his "strong leadership" in helping "not just India, but humanity" in this fight.

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Coronavirus outbreak: Nearly half of global workforce faces threat of losing livelihoods

Almost 1.6 billion workers in the informal economy, nearly half of the global workforce, face an immediate danger of losing their livelihoods due to the continued sharp decline in working hours because of the COVID-19 outbreak, the International Labour Organisation (ILO) has said. Over 430 million enterprises in hard-hit sectors such as retail and manufacturing risk "serious disruption", the UN agency added. The findings appear in the ILO Monitor third edition released on Wednesday.

Globally, there are some 3.3 billion workers. Two billion have jobs in the informal economy, the most vulnerable workers in the labour market. ILO said 1.6 billion in the informal economy "have suffered massive damage to their capacity to earn a living" as a result of the economic meltdown triggered by the COVID-19 pandemic.

Due to lockdowns or because they work in hard-hit sectors, these workers globally have seen a 60 per cent drop in income during the first month of the crisis. This translates into a over 80 per cent decline in Africa and the Americas, 70 per cent in Europe and Central Asia, and 21.6 per cent in Asia and the Pacific, the ILO said.

The ILO called for "urgent, targeted and flexible measures" to support both workers and business, particularly smaller enterprises and those in the informal economy.

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Kim Jong-un resurfaces after 20 days amid health rumours

North Korean leader Kim Jong-un attended a fertiliser factory completion ceremony, state media reported on Saturday, his first public appearance after 20 days of absence that sparked rumours about his health.

North Korea's official Korean Central News Agency (KCNA) reported that Kim cut the tape at the ceremony marking the completion of Sunchon Phosphatic Fertilizer Factory in Sunchon, north of Pyongyang, on Friday. Photos released by KCNA showed Kim, dressed in a dark Mao suit, cutting the red ribbon during the ceremony and talking to accompanying officials with a smile on his face.

"All the participants broke into thunderous cheers of 'hurrah!' extending the greatest glory to the Supreme Leader who has brought about a new change in the development of Juche-based fertilizer industry and has led the grand revolutionary advance for strengthening self-supporting economy to a victory with his outstanding leadership," KCNA said. Juche is the concept of self-reliance.

Kim was also quoted as expressing "satisfaction about the wonderful creation". In a report last week, CNN had said that the US was looking into intelligence that Kim Jong-un was in "grave danger" after surgery.

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Princess takes food to needy

New photos have been released to mark the fifth birthday of the UK's Princess Charlotte, Prince William and Kate Middleton's second born, showing her delivering homemade care packages to those in need during the coronavirus crisis.

The four photos of Charlotte, who was born at the private maternity Lindo Wing of St Mary's Hospital here on May 2, 2015, were taken in April by her mother, the Duchess of Cambridge, a keen amateur photographer, the BBC reported.

The Duchess, who is a patron of the Royal Photographic Society, has regularly released pictures she has taken of George, six, and Louis, two, to mark their birthdays.

Charlotte joined her parents and brothers Prince George and Prince Louis to make the deliveries, likely to be close to the family home of Anmer Hall, on the Queen's Sandringham estate.

In the photos released on Friday night, she is seen picking up white bags of food for pensioners who are shielding from the virus or other vulnerable people in lockdown in Norfolk.

The family spent several hours making fresh pasta before delivering it, said the BBC report.

Over the past five weeks, the Queen's Sandringham staff have been preparing and delivering meals for pensioners and vulnerable people living in the local area, Buckingham Palace has said, with about 1,000 meals being made and delivered in the first week alone.

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Tax-News.com: India Announces Plans To Simplify GST Filing, Overhaul Refund System

Meeting on May 4, 2018, India's GST Council approved plans to simplify GST filing obligations.




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Tax-News.com: India Announces 22pc Corporate Tax Rate

The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate.




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Tax-News.com: Sweden Introduces Flight Tax

An environmental tax on air travel was introduced in Sweden on April 1, 2018.




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Tax-News.com: Netherlands Announces 2019 Fiscal Agenda

On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year.




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Tax-News.com: Indonesia To Seek VAT From Overseas E-Services Providers

Indonesia's Ministry of Finance is preparing a legislative response to ensure the collection of VAT on electronically supplied services to Indonesian consumers.




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Tax-News.com: New EC President Announces Plans For EU Carbon Border Tax

The newly elected President of the European Commission, Ursula von der Leyen, who was formerly Germany's defense minister, has proposed the introduction of a new Carbon Border Tax, which would be included in a new "Green Deal for Europe" she has promised to deliver within her first 100 days in office.




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Tax-News.com: Austria Announces Personal Income Tax Cuts

The Austrian Ministry of Finance has announced its decision to proceed with personal income tax cuts.




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Indian Indices Trade Higher; Reliance Industries & ICICI Bank Top Gainers

Posted by Equitymaster
      

Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.

The rupee is currently trading at 75.44 against the US$.

Gold prices are currently trading down by 0.1% at Rs 46,134.

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Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here - This is When the Stock Market Will Bottom Out

Moving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

You can read our recently released Q4FY20 results of other companies here: Ambuja Cement, IndusInd Bank, Axis Bank, Tech Mahindra, Reliance Industries, Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems, SKF India.

In news from the banking sector, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.

The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.

Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.

This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector.

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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
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Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.

Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.

The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.

On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of The 5 Minute WrapUp...

  • Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.

    The Modi government is looking at various ways to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.

    Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.

    Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the Rebirth of India. You can read about them here.

Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.

The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.

UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.

According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.

The deal is valued roughly between Rs 246 billion to Rs 259 billion.

Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.

HUL share price is presently trading up by 3%.

To know more about the company, you can HUL's latest result analysis on our website.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.



This article (Indian Indices Trade Higher; Reliance Industries & ICICI Bank Top Gainers) 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.




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ECLERX SERVICES Plunges by 5%; BSE IT Index Up 0.7%

Posted by Equitymaster
      

ECLERX SERVICES share price has plunged 5% and is presently trading at Rs 474.

Meanwhile, the BSE IT Index is at 13,667 (up 0.7%).

Among the top losers in the BSE IT Index today are ECLERX SERVICES (down 5.1%) and CYIENT (down 10.0%).

TECH MAHINDRA (up 3.1%) and MINDTREE (up 2.3%) are among the top gainers today.

Over the last one year, ECLERX SERVICES has moved down from Rs 1,134 to Rs 474, registering a loss of Rs 660 (down 58.2%)..

The BSE IT has moved down from 15,682 to 13,667, loss of 2,015 points (down 12.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 15.5%) and NIIT TECHNOLOGIES (up 11.5%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.9%). The top gainers among the BSE Sensex stocks today are HUL (up 4.3%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). HUL (up 4.4%) and DR. REDDYS LAB (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.15%).

ECLERX SERVICES Financial Update...

ECLERX SERVICES net profit stood at Rs 701 million for the quarter ended December 2019, compared to a profit of Rs 390 million a year ago. Net Sales rose 5.0% to Rs 3.8 billion during the period as against Rs 3.6 billion in October-December 2018.

For the year ended March 2018, ECLERX SERVICES reported 24.1% decrease in net profit to Rs 2.7 billion compared to net profit of Rs 3.5 billion during FY17.

Revenue of the company grew 2.6% to Rs 14 billion during FY18.

The current Price to earnings ratio of ECLERX SERVICES, based on rolling 12 month earnings, stands at 7.9x.

This article (ECLERX SERVICES Plunges by 5%; BSE IT Index Up 0.7%) 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.




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Tax-News.com: Luxembourg Introduces New VAT Group Regime

Bill of law no. 7278, providing for the implementation of new value-added tax grouping rules in Luxembourg, entered into force on July 31, 2018. The bill was approved by parliament on July 26.