pandemic

Birth in a pandemic: 'You are stronger than you think'

Coronavirus is throwing many birth plans up in the air and leading some health trusts to increase home births.




pandemic

India’s push to relax environmental assessment rules amid pandemic draws criticism

Government continues to greenlight projects despite reduced oversight




pandemic

Sanya Malhotra salutes everyone working on the frontlines in this pandemic and has a message for them

The pandemic has truly bought the world to a standstill and staying at home is the need of the hour. However, some people are still working outside the comfort of their homes in order to fight against Covid-19. Sanya Malhotra expresses her gratitude towards them.

Sanya shares, "All those frontline workers, doctors, nurses and essential service professionals who are putting their lives at stake for us, I salute your efforts and determination towards the citizen and the nation."

Adding a social message for one and all Sanya further adds, "This only goes on to bring us a message that we must cooperate with all these workers and stay at home, until this pandemic is eradicated".

During these tough times, we need to work as one and fight together to eradicate the problem from its roots. This is the time where the the quote "United we stand, divided we fall" fits the situation and we must be one. Sanya Malhotra is putting out a strong message and using her influence in a positive manner.

On the work front, Sanya has a stellar line ups of projects being 'Shakuntala Devi' where the actress will be playing Anupama Banerjee while sharing the screen with Vidya Balan, Guneet Monga's Pagglait and Anurag Basu's Ludo.

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Karan Johar watches sarcastic video on celebrities' post amid pandemic; apologises

Every time there's a crisis in the country or in the world, it is bound to attract mixed responses and debatable opinions on social media. The Coronavirus pandemic or pandemonium, if we say so, is nothing different. The world began to get plagued to an extent that a worldwide lockdown had to be declared that's now likely to continue longer.

And during this lockdown, a majority of the Bollywood and Hollywood celebrities began sharing their videos and pictures on Instagram. Some shared their workout videos, some shared their new haircuts, and many of them showed us their culinary skills and candid shots of their gorgeousness. This was bound to be met with scathing criticism and subtle and sly digs. And now, a video has surfaced on social media where some people are taking that very dig on these influential people's privileges.

Seeing this video, filmmaker Karan Johar has realised how insensitive his videos may have been and how he feels the need to apologise profusely. Taking to his Twitter account, he wrote- "This hit me hard and I have realised many of my posts may have been insensitive to many...I apologise profusely and wish to add none of it was intentional and came from a place of sharing but clearly may have lacked emotional foresight ....am sorry!" (sic)

Have a look right here:

Johar, for the last few weeks, has been sharing some funny videos of his children, Roohi and Yash, and their shenanigans. It seems he has sensed the fact that sharing these videos amid this crisis may not be the right thing right now since a lot of other people, the underprivileged, continue to suffer for livelihood amid this catastrophic crisis. Can we expect someone else to come forward and say sorry? Let's see!

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COVID-19: Vidya Balan raises over 2,500 PPE kits for doctors amid the pandemic

Bollywood actress Vidya Balan is elated as she's raised over 2,500 PPE kits for doctors and Rs 16 lakhs for those who are battling at the frontline to keep everyone safe from COVID-19 pandemic.

Vidya had also collaborated with celebrity shout-out platform Tring, along with Manish Mundra of Drishyam Films and photographer cum film producer Atul Kasbekar. She took to Instagram on Sunday afternoon where she shared the good news.

"I've woken up to good news this morning. We've reached 2500+ PPE kits and raised over 16 lakh in just a few hours. A big thank you to each of you who has donated and made this possible. A load of gratitude and bless you. This is truly the unity and spirit of India..." she said in the video.

Here it is:

Alongside the video, Vidya wrote: "Thank you very much for your generous donations from all over the world. I'm elated to share that we have raised 2500+ kits accounting over Rs 16 lakh within a few hours. A load of gratitude for helping in donating over double our initial target.” (sic)

"The campaign will run for some more time, so if you haven't been able to donate yet but want to help out, go to www.tring.co.in and donate whatever you can. Every single kit is helping protect a life. The #WarAgainstCovid19 continues, let's #UniteForHumanity #StayHome#StaySafe".

In an earlier post, the Mission Mangal star had informed that each PPE kit worth Rs 650 consists of one coverall laminated and waterproof nitrile gloves, goggles, face shields, 3-ply surgical mask, and shoe covers.

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The good Samaritan of the COVID-19 pandemic

Three time MLA from Bandra West, politician Baba Siddique and son Maharashtra's youngest MLA from Bandra East Zeeshan Siddique reach out during the outbreak of the coronavirus where the city is experiencing a lockdown which is affecting lakhs of families. Zeeshan and his dad Baba Siddique are immensely contributing and working round the clock to provide relief to lakhs of needy families who are affected due to the lockdown.

Their efforts have reached an important milestone of 1.25 lac families across Mumbai and other parts of Maharashtra. Recognition has also come from none other than Salman Khan , who has tweeted about their efforts. "We are running 5 community kitchens which are feeding approximately 4000 people daily, around 32 tons of groceries come in daily and a team of 150 people which includes, drivers, loaders, packers and delivery men work together for this cause. We are also reaching out to needy people from different parts of Maharashtra" says Baba Siddique.

The father and son duo have provided grocery kits to 50,000 families in Bandra West and 58,000 families in Bandra East. While Zeeshan who on his part is leaving no stone unturned, said "We are giving grocery kits with essentials like rice, dal, salt, oil, tea and sugar which is being packed and delivered by my team in my constituency and across the city ." he adds that "I'm also getting lot of requests on social media from different states, different political parties and social activists, we make sure these requests are fulfilled in Mumbai."

Though it's a never-ending task, Baba and Zeeshan's charity distribution network, supported by a dedicated team are putting in every effort to keep their social commitment of endeavouring no one sleeps hungry.

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Mumbai: Digital content creator accuses 3D printing startup of 'profiting off a pandemic'

A 3D printing startup in Mumbai has been accused of not fulfilling its part of the deal in a crowdfunded project initiated by a Delhi-based content creator to provide equipment to frontline health workers.

In March, Kusha Kapila contacted Boson Machines (BM) to provide 3D printed face shields for medical personnel at an initially agreed price of R150, by raising Rs 900,000 on Ketto.

With an industry standard yet to emerge, there were a lot of debates between Kapila and BM over the price and the number of masks to be made for raised amount."We then settled on R19 lakh for 18,000 masks," said Kapila. "Even this meant that a shield would cost Rs 105, which was still higher than the price of other 3D printers. The price was again reduced to Rs 75, before they finally agreed to R60. At the same time, the fundraising goal was also increased to Rs 21 lakh. They already had orders and capacity for 14,500 masks and we wanted to help as much as we could."


Kapila’s tweet tagging Aaditya Thackeray where she called out Boson

Boson was paid around Rs 13 lakh for the 14,500 face shields, and the remaining money was with Ketto, to be paid after the second batch of shields were dispatched.

The story gets muddled at this point, with Kapila taking to Twitter on May 1, accusing the company of not honouring its commitment and claiming even Rs 60 per mask was steep.

"After many enquiries, and [BM co-founders and brothers] Arjun and Parth Panchal's consistent unavailability, they finally sent a cost breakdown that I forwarded to various industry experts for verification."

In another tweet, Kapila alleged BM charged more than market price. Both Kapila and Ketto also claim that BM had been evading their questions.

"As of today, suppliers charge anywhere between Rs 35 and Rs 50 for a shield of the same quality," Kapila told mid-day. "This suggests that BM is trying to profit off this fundraiser. Profiting off a pandemic is shameful and anti-national. For instance, the cost of the plastic frame is quoted as R80 and they could only justify Rs 27. That's a difference of Rs 53. Further, the visor cost is quoted as Rs 30, but we found out that a sheet costs Rs 8. The tally says BM has delivered 10,700 pieces but we don't know if this has actually happened. As of today, Boson owes [me and Ketto] Rs 6,76,000," Kapila said.

By this, Kapila means BM has to return her and Ketto R6,76,000 from the initial Rs 13 lakh paid, as per her calculations. "The last time I spoke to them, which is when we reached a price of Rs 60, they agreed to return the money but later said their CA would get in touch and have ghosted me since," said Kapila.


Parth Panchal. Pic/Facebook, Arjun Panchal. Pic/Twitter

BM claims it has already delivered 10,700 face shields to 19 hospitals and other institutions across the country, including Mumbai's Sion Hospital, Kasturba Hospital, KEM Hospital, Wadia Hospitals—and even the BMC.

In an email to mid-day, BM refers to Ketto Online Ventures Private Limited as the buyer, and not Kapila. "We are unaware of the role of Ms Kusha Kapila with the buyer, M/s Ketto Online Ventures Private Limited, and whether she is authorised to represent the company in commercial matters," it said.

BM also alleged Ketto owes them an outstanding R1,31,063 from the orders that they had already fulfilled.

"We have seen the statement put out by Boson and our legal team is taking necessary steps," said Varun Sheth, of ketto.org.

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BMC chief Praveen Pardeshi transferred amid peak pandemic chaos in Mumbai

AMID allegations of mismanagement of the COVID-19 crisis, the state has completely overhauled the top rung of the BMC by transferring civic chief Praveen Pardeshi and two others on Friday. Iqbal Singh Chahal replaces Pardeshi.

In addition to urban development, Pardeshi would also look after the water resources department. Pardeshi, a celebrated disaster management expert, who shot into limelight after managing the aftermath of the Latur earthquake very effectively as the collector, has been the most sought-after bureaucrat in planning relief and rehabilitation.

Ashwini Bhide too was waiting for a posting after her Metro III issue with Shiv Sena and a subsequent 'punishment' transfer. Along with many other IAS colleagues, she was deputed to the BMC for a special task after the Coronavirus break-out. She would now be a full-fledged empowered officer. Ex-Thane civic chief Sanjeev Jaiswal has also joined Bhide as an additional commissioner. He was waiting for a posting after leaving Thane where he served a record time.

Abasaheb Jarhad and Jayshree Bhoj, who were recently appointed in the BMC, have been shifted to make space for Bhide and Jaiswal. Two additional commissioners — P Velrasu and Suresh Kankani — have been spared.

Clashes in Mantralaya

Murmurs of clashes between Pardeshi and his political and administrative bosses in Mantralaya seemed to have proven right even as the opposition parties said on Friday that the Shiv Sena-led government was trying to find a scapegoat for covering the failure of the political set-up in Mumbai.

Sion hospital incident


Iqbal Singh Chahal

Since Mumbai's woes have been unending with the spread of the virus and the expose of BMC-run Sion hospital where bodies and patients were placed together in one ward and a COVID-19 patient's escape, made the government red-faced. Pardeshi and his team of additional commissioners, who were new to the city, invited criticism time and again. Sources said Pardeshi had several arguments with chief secretary Ajoy Mehta who preceded him as BMC chief. Pardeshi served as Devendra Fadnavis's principal secretary in the CMO before getting BMC chief's post in the previous political regime. Considering his seniority, he has also been in the reckoning for the CS office.

'Transfers no solution'

Jarhad replaced relief and rehabilitation secretary Kishorraje Nimbalkar who has been transferred as Public Works Department (PWD) secretary. Manoj Saunik will be an additional CS of the all-important finance department. He has been holding dual charge of PWD and finance. Bhoj has been sent to Maharashtra Small Scale Industries Development Corporation as its managing director. Opposition leader in the legislative council Praveen Darekar said the government was masking its failure by finding scapegoats. "Transferring bureaucrats isn't the right approach to mend things. The government should be able to make good policies and make bureaucrats implement them," he said.

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USADA tries virtual self-testing program amid COVID-19 pandemic

The US Anti-Doping Agency has come up with a novel random testing program to cope with the unique circumstances of the coronavirus pandemic. With the United States, like much of the world, under lockdown as authorities try to slow the spread of the virus, USADA has launched a program in which athletes collect blood and urine samples from themselves at home, while being monitored remotely on Zoom or FaceTime by testing personnel.

The test kits were sent to athletes, who must produce samples when they receive an unannounced call from a doping control officer. The officer watches the blood sample being taken, but urine samples are provided in private. The samples are sealed under the eye of the doping control officer and sent to an accredited lab for testing. USADA chief executive Travis Tygart told the New York Times that plenty of top US Olympic hopes were eager to sign up for the pilot project.

Freestyle swimming great Katie Ledecky and athletes Noah Lyles and Allyson Felix were among those who volunteered. "We've been talking about this and laying the foundation for several months," Tygart told the newspaper.

"COVID put that on fast forward and allowed us to roll it out." Ledecky said she "felt very comfortable" administering her first self test this week at her home in California. USADA has built safeguards into the system to limit opportunities for cheating. Although athletes are not observed during collection of urine, they show the monitoring officer the bathroom that will be used, they are timed and the temperature of the sample is recorded to lessen the chances of sample tampering or sample substitution.

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pandemic

Games Chief: Next year's Olympics will be cancelled if pandemic doesn't end

The postponed Tokyo 2020 Olympics will have to be cancelled if the Coronavirus pandemic isn't brought under control by next year, the organising committee's president warned, ruling out further delays. The comments, in an interview with a Japanese sports daily published on Tuesday, come as medical experts doubted whether the pandemic can be sufficiently contained by next year to hold an event drawing participants and spectators from around the world. The pandemic has already forced a year-long delay of the Games, which are now scheduled to open on July 23, 2021.

No more delays

But Tokyo 2020 president Yoshiro Mori was categorical when asked by the Nikkan Sports daily whether the Games could be delayed until 2022 if the pandemic remains a threat next year, replying: "No." "In that case, it's cancelled," Mori said. Mori noted the Games had been cancelled previously only during wartime, and compared the battle against Coronavirus to fighting an invisible enemy. If the virus is successfully contained, "we'll hold the Olympics in peace next summer", he added. "Mankind is betting on it."

Masa Takaya, a Tokyo 2020 spokesman, declined to comment on a possible cancellation of the Games and told reporters that Mori's remarks were based on the chairman's own thoughts. But the comments will add to growing questions about the postponement, decided last month.

Vaccine is a must

On Tuesday, the head of Japan Medical Association warned it would be difficult to hold the Games next year if a vaccine has not been found. "I would not say that they should not be held, but it would be exceedingly difficult," Yoshitake Yokokura told reporters.

And last week a Japanese medical expert warned that he was pessimistic that the Olympics can be held in 2021. Kentaro Iwata, a professor of infectious diseases at Kobe University, said: "Japan might be able to control this disease by next summer, I wish we could, but I don't think that would happen everywhere on Earth, so in this regard I'm very pessimistic about holding the Games next summer."

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Golfer Michelle Wei worried about her pregnancy during COVID-19 pandemic

Golf champ Michelle Wie, 30, is in the third trimester of her pregnancy and though she enjoys the full support of her husband Jonnie West, an executive with NBA side Golden State Warriors, she is worried about how things will pan out given the current COVID-19 pandemic.

"I definitely didn't see myself being pregnant during a pandemic but here we are," said Wie, who has five LPGA Tour wins to her name.

Currently, in locked down at home in San Francisco, Wie is getting nervous as her delivery date approaches. "At first there was no news on pregnant women getting [COVID-19] or pregnant women transferring the virus through the placenta to the kid.

But now that there are reports that it causes pre-term labour, newborns can get it, babies in the womb can get it, it's extremely nerve-wracking for sure.

"We've been extremely careful. I'm extremely anxious to not do anything to put myself in extreme stress—glad that I can stay at home and put my feet up," said Wie.

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Jennifer Lopez and Alex Rodriguez to postpone summer wedding due to COVID-19 pandemic

US pop star Jennifer Lopez, 50, and her baseball star partner Alex Rodriguez, 44, have decided to put off their late summer wedding plan due to the COVID-19 pandemic. It was reported last week that the couple had held online meetings with vendors to prepare for a summer wedding, but now with the pandemic showing no sign of containment in the US, where the death toll has crossed 75,000, their plan is off.

"They have been struggling for weeks over this decision but with no return to normalcy in the near future, the couple felt postponing the wedding was the safest and smartest choice," a source told American entertainment network E! News. The couple have conveyed the news of the postponement to their guests. "Guests have recently been notified that the wedding will not be happening in late summer as anticipated," added the source.

Jennifer and Alex began dating in 2017 and got engaged in the Bahamas last March. Jennifer has twins Max and Emme, 12, from ex-husband Marc Anthony while Alex has daughters, Natasha, 15, and Ella, 12 with his ex-wife Cynthia Scurtis.

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Maskaba: Here's how Masaba Gupta is helping the police personnel during coronavirus pandemic

She may have dressed up the biggest Bollywood names in her unique designs but nothing has given Masaba Gupta as much joy as making face masks for frontline warriors. She has created a line of non-surgical reusable masks, Maskaba, for police personnel in appreciation for working tirelessly for the well-being of citizens during the pandemic. The rest can shop from the Maskaba collection, online. For every mask sold, the designer will donate one to charity. We like.

The designer has dished out an initiative called Maskaba in the most stylish manner. While the pandemic has brought all operations at House of Masaba at a halt, the designer and actress is keeping her business ship afloat in these testing times quite creatively.

Sharing details of the same on Instagram, Masaba also stated that while executing this idea all hygiene and safety standards are being kept in mind. These stylish masks are being made from fabric that was meant for garments, and are washable and reusable. A team of three workers who are staying at the same production facility are making these masks.

Apart from this, Masaba is also posting motivational content on her Instagram handle. 

Masaba also shared a collage of the women working for House of Masaba. In the picture, nine women can be seen standing with placards that reads: We're all in this together. Let's flatten the curve. Although Masaba didn't feature in the post, she captioned it: Some of the incredible women at House of Masaba - reminding us that the only way to stick together right now...is to stay apart.

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Irrfan Khan could have been part of Anand Gandhi’s pandemic movie Emergence

A week ago, actor Irrfan Khan breathed his last after his prolonged battle with neuroendocrine tumour. Tributes have been pouring in for the late actor. Many had the opportunity to work with him while several filmmakers wished they had a chance! Reminiscing about becoming friends with Irrfan, filmmaker Anand Gandhi recently spoke about the possibility of working with him for a film based on pandemic.

The filmmaker recently revealed that he met Irrfan Khan around the release of Maqbool. They drove to Pune once and became friends over the years. They had explored the possibility of him starring in Tumbbad and it was before the final script and schedule changes were made. He said that Irrfan Khan could also have starred in the pandemic film Emergence that he had been working on for years.

Revealing more about Emergence, Anand said that he had been developing the script for five years. It tells the story of five women scientists fighting the contagion and are superheroes in their own way. With Emergence, he was taking the parasite-host relationship further. The script eerily represents the current scenario of the world. Tentatively titled 2020 at the time, he said that it had all the elements of storage crisis for scientific data, rightwing politics, among other things.

His idea is to make the film the most researched one on the pandemic. The filmmaker plans to take the film on the floor by next year. He said that they are collaborating with an American studio and it will be a big-budget project.

ALSO READ: Irrfan Khan’s son Babil shares an unseen video of his father enjoying a dip in ice-cold water




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Coronavirus Outbreak: After Mumbai, Pune Police mourn the loss of cop who died fighting COVID-19 pandemic

The COVID-19 epidemic has caused shock and grief to Pune Police after a 58-year-old cop lost his life in the battle against the novel coronavirus. Taking to Twitter, the Pune Police handle, which is known for its witty tweets and informative posts, on Monday announced the sad news to its followers.

In its tweet, the official handle of Pune Police said that they lost ASI Dilip Popat Londhe from Faraaskhana Police Station due to the COVID-19 crisis. While paying tribute to the cop, the Pune Police also offered condolences to the deceased's family.

As per the tweet by Pune Police, ASI Dilip Londhe, who had been fighting the novel coronavirus for the past few days succumbed to the deadly virus on Monday afternoon. While speaking to ANI, Dr. Jitendra Oswal, Deputy Medical Director of Bharati Hospital, where the cop was admitted said, "He was on the ventilator for the last 12 days. He was suffering from hypertension and obesity."

To date, Pune has reported 2,051 positive cases of the COVID-19 infection. Amid the lockdown being extended till May 17, the Pune Municipal Corporation (PMC) has identified 69 containment zones where all shops carrying essential services shall remain open between 10 am and 2 pm.

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Hollywood stars are going all out to raise funds for COVID-19 pandemic relief

A chance to act with Leo and De Niro

Leonardo DiCaprio and Robert De Niro are giving fans the chance to appear in their upcoming film, Martin Scorsese’s adaptation of Killers of the Flower Moon. DiCaprio and De Niro are using the upcoming production to raise funds for the All-In Challenge, an online initiative that gives stars from all corners of the entertainment industry a chance to offer donation initiatives to benefit America’s Food Fund, as per reports. They explained that those who make a donation will have a chance to win a walk-on role in the production.

Ellie helps those in lockdown

Singer Ellie Goulding has helped source 400 mobile phones, which will be given to homeless people to help them through the lockdown. The distribution of the phones began on April 15. The phones will go towards people that the organisation, Crisis, supports, as well as those who are staying in hotels across London.

Tom Hardy to read bed-time stories

Tom Hardy will read night-time tales on the long-running series Bedtime Stories. The episodes of the BBC Children’s channel CBeebies will run from April 27 through May 1. The episodes were shot in Hardy’s garden, following social distancing guidelines. He will be joined by his French bulldog named Blue for some of the bedtime stories. The development, the channel alludes, is a step further in providing engaging content relevant to the situation. 

Ben, Matt play poker

Ben Affleck, Matt Damon and other stars raised $1.75mn through poker, for an online celebrity poker tournament, All In For America’s Charity. They raised $1.75 million for Feeding America, a non-profit organisation that distributes food to those in need amid  the outbreak, as per reports. Celebrities such as Tom Brady, Adam Sandler and Bryan Cranston bought in for $10,000 each at the food bank fundraiser.

Off screen superhero Krasinski to play one on screen?

Actor John Krasinski, who has been lifting spirits amid the pandemic with his series, Some Good News, has reportedly met with Marvel Studios for an unspecified project. Although details about the project are awaited, it is reported that Marvel has been holding “virtual meetings” with actors, directors and writers lately, and Krasinski was one of them. It also indicated that Krasinski might be in talks for a role in Young Avengers. Another possibility that the site mentioned is a Fantastic Four reboot. Neither Marvel nor Krasinski has confirmed the development.

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COVID-19: David Beckham's deal to help poor amid global pandemic

A chance to play with him, have lunch and watch a game of football from the owners box. David Beckham, part owner of the Major League Soccer club Inter Miami, is auctioning off all that stuff. Former England captain and Manchester United legend Beckham is doing this as part of the league's participation in the All In Challenge, which raises money for organisations that are helping feed the hungry during the coronavirus pandemic, including Meals on Wheels, No Kid Hungry, America's Food Fund, World Central Kitchen and Feeding America.

The MLS season is suspended from March 12 with the deadly virus causing havoc in the United States. Earlier this month, Beckham had expressed gratitude towards all the frontline workers who are risking their lives in the fight against the coronavirus pandemic, saying it was "another week of hard work". Beckham had taken to Instagram to post a video story in which he was seen clapping along with his family.

"Managed to set the phone up this week to get the whole family showing our appreciation for all the frontline workers and our brilliant NHS. Thank you for another week of hard work. #ClapForOurCarers," Beckham had written in his Instagram story.

The entire world has come to a standstill amid the ongoing coronavirus outbreak. Sports activities have also taken a big hit and almost all the events have been postponed or cancelled, including the Olympics.

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Diego Maradona prays for "Hand of God" to heal world from COVID-19 pandemic

Argentine football legend Diego Maradona has asked the "Hand of God" to deliver the world from COVID-19 pandemic and allow normal life to resume. The World Cup winner referred to his hand-assisted goal in the 1986 World Cup after Argentine football chiefs voted to end the current season as well as suspend relegation, saving Diego-managed bottom club Gimnasia from the drop.

"Today this happened to us and many people say it is a new Hand of God," said Diego, alluding to his infamous goal against England. "But today I'm asking for that hand to end this pandemic so people can go back to living their lives, healthy and happy." Then-Argentine captain Diego responded to the controversy over his goal at the World Cup in Mexico by saying "it was the Hand of God!"

Argentina went on to beat England 2-1 in the quarter-final. On being thrown a lifeline by the suspension of the season, he told Argentine daily Clarin: "It's not the ending we had wanted, we were convinced we could save ourselves on the pitch."

Argentina has been in lockdown since March 20 against the Coronavirus, which by early Wednesday had infected 4,114 people with 207 deaths.

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Why Arbitrage Funds can be a Worthwhile Bet amidst the COVID-19 Pandemic

Posted by Equitymaster
      

During the COVID-19 lockdown, individuals are losing patience -- moving freely and not following the necessary social distancing. This lack of civic sense and maturity on their part is weakening our fight against the deadly contagion pathogen.

The capital markets, as a result, also has witnessed intense volatility and bears are running lose. Certain sections of investors, however, have shown tremendous maturity during these challenging times.

At a time when Foreign Portfolio Investors (FIIs) have net sold or dumped Indian equities (owing to markets worldwide falling sharply and margin calls being hit), domestic fund managers are looking for value-buying opportunities in the carnage of the markets.

It is also heartening to see retail and High Net-worth Individuals (HNIs) buying into various equity-oriented mutual funds in a lump sum as well as the SIP (Systematic Investment Plan) mode. Monthly SIP inflows have touched a record high in March 2020 and the SIP folios, too, surged to 3.12 crore.

However, in debt-oriented schemes, investors seem to be pressing the panic button. The mutual fund industry recorded a net outflow of Rs 1.95 trillion in March 2020. Barring Overnight Funds and Gilt Funds, all other sub-categories of debt mutual funds have reported an outflow in March 2020.

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Advance tax payment obligations, deterioration in asset quality, potential risk of defaults in the COVID-19 lockdown, and heightened volatility in the Indian debt market are some of the key reasons for outflows from debt-oriented mutual schemes.

[Read: Why Investors Pulled Out Money from Debt Mutual Fund Schemes in March]

The massive outflows were also seen from the Liquid Funds and Arbitrage Funds.

Table 1: Action in March 2020
Mutual fund category Rs in Crore
Net outflows in March 2020 Net AUM as on March 31, 2020
Arbitrage funds -33,767 52,210
Liquid funds -1,10,037 3,34,725
Overnight funds 26,654 80,174
(Source: AMFI, PersonalFN Research)

Unprecedented redemptions in the Arbitrage Funds and Liquid Funds, as well as the net inflows recorded by the overnight funds, suggest that investors preferred safety over returns. As you know, liquidity is a key concern as the world continues to fight the COVID-19 pandemic.

Some arbitrage schemes such as Tata Arbitrage Fund and ICICI Prudential Equity-Arbitrage Fund had stopped taking in fresh subscriptions in the third week of March 2020 for the lack of arbitrage opportunities as markets faced broad-based selling.

But now markets are finding some sort of stability and bouncing back -- rallied over 20% from March lows - although the bears continue to run loose.

So, is it a time to consider arbitrage funds again?

Yes, I think so.

Arbitrage Funds aims to exploit the price differential in two different segments (spot and futures or cash and derivatives) of the equity market. They buy stocks in the spot market and sell in the future market simultaneously thereby making gains with the price differential (called the spread).

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The differential usually is in sync with the prevailing interest rates in the economy; but depending on the market volatility, it could sometimes be higher as well. That being said, these are short-term opportunities that spring up due to lack of information to a set of market participants in one of the markets.

The capital market regulator's mutual fund categorisation and rationalisation mandates that an Arbitrage Fund must strictly follow the arbitrage strategy and invest at least 65% of its total assets in equity & equity related instruments.

Since the transactions are in either direction, the positions are completely hedged. And the remaining 35% of the total asset is deployed in debt and money market instruments.

In March 2020, when the stock futures started quoting at a discount to the spot prices in the cash market, it was a concern. But now that we have seen some sharp up-moves in the Indian equity markets as the government has done relatively well in containing the spread of the deadly virus (compared to other nations) and thanks to the prompt fiscal measures also have been taken -- both by the Ministry of Finance (the Rs 1.75 trillion package) and the Reserve Bank of India (by reducing policy rates sharply, keeping monetary policy stance 'accommodative as long as it is necessary', and ensuring enough liquidity in the system) -- in my view, it would be perceived positively by the markets in times to come and enough arbitrage opportunities would be available. It is possible that Arbitrage Funds may even perform a tad better vis-a-vis Liquid Funds.

Table 2: Report Card of Arbitrage Fund, Liquid Funds and Short Duration Funds
Scheme category Returns (Absolute %)
1 Month 3 Months 6 Months 9 Months 1 Year
Ultra-Short Duration Fund 0.65 1.44 1.89 4.91 6.51
Arbitrage Fund 0.04 1.33 2.58 4.18 6.28
Liquid Fund 0.58 1.37 2.69 4.21 6.02
Overnight Fund 0.22 1.02 2.25 3.58 5.1
Short Duration Fund 1.43 1.97 3.45 5.06 5
Crisil Liquid Fund Index 0.49 1.4 2.83 4.43 6.32
Nifty 50 Arbitrage Index -0.17 0.85 2.02 3.62 5.8
Category average returns presented
Data as on April 17, 2020
(Source: ACE MF, PersonalFN Research)

Over the last one year, the returns generated by Arbitrage Funds have been quite satisfactory. In fact, these funds have outperformed those clocked by Liquid Funds. The 3-month returns clocked by Arbitrage Funds have been almost at par with Liquid Funds.

Do note that an Arbitrage Fund carries low risk and the returns depend on the market conditions and fund manager's ability to reap rewards from arbitrage opportunities.

Short-Term Capital Gains (i.e. realised profits within a year) on arbitrage funds are taxed at 15%, while the Long-Term Capital Gains (i.e. gains made after staying invested for more than a year) are taxed at 10% for gains above Rs 1 lakh in a financial year.

To park money for the short-term for an investment time horizon up to 1-year, you may consider investing in an Arbitrage Fund.

And if you have an extreme short-term time horizon (of 3 to 6 months), consider a Liquid Fund with high-quality debt papers, which does not have high exposure to Commercial Papers (issued by private entities).

Alternatively, if you wish to park in a much safer category, you would be better off investing in an Overnight Funds.

Happy Investing!

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

Each fund recommended under FundSelect goes through our stringent process, where they are tested on both quantitative as well as qualitative parameters.

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

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

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know

Posted by Equitymaster
      

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

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

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

  1. While all sectoral indices are in a sea of red since the outbreak of coronavirus, here's a look at the worst hit sectors since coronavirus outbreak:
    Sector Since 1 March (%) Since 1 Jan (%)
    BSE Metal -30% -45%
    BSE Bankex -31% -37%
    BSE Oil & Gas -24% -36%
    BSE Auto -24% -36%
    BSE Finance -30% -36%
    BSE Realty -31% -36%
    BSE Capital Goods -25% -33%
    BSE Power -22% -32%
    BSE Basic Material -26% -32%
    BSE Consumer Discretionary -24% -28%
    BSE IT -25% -27%
    BSE FMCG -18% -22%
    BSE Consumer Durables -24% -20%
    BSE Healthcare -15% -15%
    BSE Telecom -18% -14%
    *Note that prices are as on 19 March 2020
  2. As you can see in the table above, metal sector has been hit the worst on year-to-date (YTD) basis. Note that, the sector has been witnessing selling pressure since last two years. The coronavirus situation has only exacerbated the situation.
  3. Another sector that is largely impacted is banking and NBFCs. After being the most preferred in the Indian equity indices for over half a decade, things have changed for stocks in the financial sector. In India it is a double blow for financial sector in the form of YES Bank fallout and prolonged slowdown which increased the chances of credit quality deterioration.
  4. To put things into context, foreign institutional investors (FIIs) were heavily positioned in the Indian financial space, and stocks in the sector witnessed maximum inflows during good times. Downward spiral for financial sector began since IL&FS crisis.

    Both, BSE Bankex and BSE Finance Index have plunged over 30% since the beginning of the month.
  5. Shares of most hotel, leisure and airline firms have tumbled over 60% year-to-date, as the coronavirus outbreak across the world has forced people to cancel vacation plans. India also stand to lose foreign tourists due to the entry restrictions that have been put in place. And this has meant things getting worse for hotels and airlines sector.
  6. Out of the 90 stocks listed on BSE from tourism, hospitality and film distribution segments, only 15 have given positive returns YTD.
  7. Another sector that's facing the brunt is the automobile sector. Coronavirus couldn't have come at a worse time for India's auto sector that is battling a prolonged slump in demand. The virus outbreak has added to the pain, hitting production and lowering the demand even further as consumer spending is unusually low. Reportedly, the correction in the auto index is now close to what was seen during the 2008 global financial crisis. BSE Auto Index is down 36% on a YTD basis.
  8. The fall in other indices like FMCG, consumer durables, capital goods and IT is relatively moderate as they do not have any direct impact of the pandemic. However, they too have been witnessing selling amid the sharp correction in Indian share markets.
  9. Interestingly, Indian pharma has been doing much better than the overall index. Since the beginning of March 2020, the Sensex is down by 26% while the BSE Healthcare index is down only by 15% (till 19 March 2020).
    • One factor is the rupee weakness which has weakened well beyond the Rs 75/$ mark. A weak rupee helps exporters and pharma obviously benefits.
    • Another factor is the spread of the novel coronavirus has led global investors to rush for pharmaceutical stocks recently, on back of a rise in demand for generics and branded generics leading to shortages and over-pricing for drugs.
  10. However, as the markets took a breather on Friday, the sectors that rallied the most were BSE FMCG, BSE IT and BSE Oil & Gas indices, gaining over 8% each.

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

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

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

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

Happy Investing!



This article (Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know) 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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Birthday boy Sachin Tendulkar is worried about post-COVID-19 pandemic cricket

The COVID-19 pandemic has not just made cricket icon Sachin Tendulkar realise the importance of freedom to do simple things in life. It has also left the record-breaking Indian batsman a bit worried about the impact it will have on his beloved sport.

In an interaction with mid-day over the phone on the eve of his 47th birthday on Thursday, the former India captain said he is expecting the sport to change where the dynamics of shining the ball is concerned. He also felt it will be strange to see matches being played before empty stands when action resumes.

Edited excerpts from the interview:

How do you see cricket when normalcy comes around?

Time will tell. You can't put saliva on the ball so how are you going to shine the ball as much? Those landing marks leave dry patches on the ball. How do you cover that all the time with sweat instead of saliva and still maintain the shine? If you are not going to shine the ball frequently then how will the ball swing? All these elements will come into play, which nobody is familiar with. So the game could change.

To get the ball to reverse [swing], you keep one side dry and then you keep shining the other side. So, how shiny would that other side be will also determine how much the ball is going to swing or reverse. As you keep shining one side, the other side gets automatically lighter.

Cricket boards are contemplating hosting matches in front of empty stands…

It's going to be strange because you are used to having crowds around and that noise, that buzz inside the stadium. When you hit a boundary or a six or pick a wicket, the crowd also becomes a big part of your celebration. You draw energy from the crowd when you hit a boundary. So, all that won't be there and it's going to be strange. It's like watching Wimbledon with Roger Federer and Rafael Nadal playing but there are no spectators. It's going to look strange and feel different for sure.

Would you recommend closed-door matches?

This is the government's call, especially the health ministry. We have to follow their guidelines. Whatever they feel is safe should be done. I've tried to do the same things with whatever directives have been given. We have also tried to spread the message on our social media platforms. There are a lot of rumours floating around. It's important to convey the right message to everyone and show them the complete picture because rumours can sometimes disrupt your thought process and make you think otherwise.

How would you have handled this situation in your playing days and what's your advice to youngsters who are eager to be on the park again?

I would continue my training and I'm sure all players are continuing their physical preparations. But sometimes, it's good to give yourself a break after a reasonable long season. So it's good to get that break for a while and then come back to action. There are two elements—batting and bowling. One has to prepare yourself by practising various drills. The other would be to practise mentally by doing visualisation and mental drills. Both these elements coming together from a good combination for preparation. I fully understand that nothing beats being on the field, hitting the ball again. If someone who is thinking otherwise—that this is a period where I can't do much except sit back and relax—those guys will be caught napping.

What has the lockdown made you realise?

The freedom we have to do simple things in life. Like, the last time I met any outsider—that includes my friends—was March 15. So, it's a long time. The most important thing is freedom, the freedom to be what you like and go out, do certain things which you are not able to do now. These are different kind of circumstances, completely unprecedented. I cannot instruct elderly people, so my friendly message to them would be: You wished well for me for such a long time and prayed that I don't get out and stay at the crease. So, my wish for you is, not to get out too—from your homes. That way, you will be safe and secure. So, follow the government's guidelines and let's stay safe.

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Sourav Ganguly on COVID-19 pandemic: Current situation is like Test match on dangerous wicket

BCCI president Sourav Ganguly is deeply saddened and intimidated by the devastation caused because of the COVID-19 pandemic and has equated the unprecedented crisis to playing a Test match on a dangerous wicket. The decorated former player opened up on life under lockdown due to the novel coronavirus pandemic that has claimed over 2.40 lakh lives across the world while infecting more than 34 lakh people. "This situation is a Test match on a very dangerous wicket. The ball is seaming and spinning as well - the batsman has very little margin of error," Ganguly said while speaking on '100 Hours 100 Stars', an initiative started by Fever Network.

"So, the batsman has to score runs and keep his wicket safe with this little margin of error, and win this Test match," he added. A winner of innumerable fierce battles during his playing days when there was no dearth of fearsome fast bowlers and quality spinners, Ganguly was tempted to draw a parallel between the tough moments in the sport and the health crisis. "This is very difficult, but we hope that we will win this match together," he added. Ganguly expressed his sadness at the number of lives lost in the pandemic and the irreparable damage that it has caused. "I am really upset seeing the current situation, because so many people are suffering outside. We are still struggling to understand how to stop this pandemic," he said. "This atmosphere all over the world has really bothered me. We don't know how, when and where it came from - we all were unprepared for this," he added. Not just upset, Ganguly conceded he cannot help feeling a big scared of what's unfolding because of the disease. "People are being affected by this so much. There have been so many deaths. This situation upsets me, and I also feel scared," he said.

"People come to my house to deliver groceries, food, so I feel a little scared as well. So it's a mixed feeling. I just want this to end as quickly as possible," he added, He said cricket has taught him to face tough situations in life and the importance of staying alert at all times. Asked how he keeps himself positive, the former captain said: "Cricket has taught me a lot. I faced real life, high-pressure situations. You have to make runs and there is just one ball left. "If you make one wrong move, one wrong footwork, you will not get another chance. These kind of situations make you alert and aware about real life situations," he said. The BCCI chief, though, also added that he is getting to spend a lot of time with his family after a long time. "It's been a month into the lockdown. I didn't mind it earlier. Earlier, I wouldn't get time at home like this. My lifestyle involved travelling for work everyday. "For the past 30-32 days, I have been at home with my family, spending time with my wife, daughter, my mother and my brother. "I have got a time like this after long, so I am enjoying myself," he said.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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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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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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Coronavirus: US pork farmers panic as pandemic ruins hope for good year

After enduring extended trade disputes and worker shortages, US hog farmers were poised to finally hit it big this year with expectations of climbing prices amid soaring domestic and foreign demand. Instead, restaurant closures due to the coronavirus have contributed to an estimated USD 5 billion in losses for the industry, and almost overnight millions of hogs stacking up on farms now have little value. Some farmers have resorted to killing piglets because plunging sales mean there is no room to hold additional animals in increasingly cramped conditions. "One producer described it to me the other day as a snowball rolling downhill, and every additional disruption that we have just kind of adds to that and how fast and how big it's going to be when it finally hits," said Mike Paustian, who farms 2,400 acres of corn and soybeans and sells 28,000 pigs a year near the small eastern Iowa community of Walcott.

COVID-19, the disease caused by the coronavirus, has created problems for all meat producers, but pork farmers have been hit especially hard. They entered this spring in shaky financial condition because tariffs had drastically reduced sales to China and Mexico. Many operations have struggled to get enough workers, in part due to federal immigration policies. Then demand plunged because the virus forced the closure of restaurants, hotels and other businesses that buy about 25 per cent of pork, including nearly three-quarters of bacon produced in the US. The biggest problem could be getting worse as additional giant slaughterhouses that can process more than 20,000 hogs a day have had to close at least temporarily as the virus spreads among workers. The industry slaughters from 10 million to 12 million pigs a month. Whereas poultry producers can slow production by not hatching baby chicks and ranchers can keep cattle on pastures longer, pork farmers don't have good options. Hogs are raised inside barns with limited space, and it takes time to stop the birthing cycle for pigs.

"We are in crisis and need immediate government intervention to sustain a farm sector essential to the nation's food supply," said Howard Roth, a pig farmer from Wauzeka, Wisconsin, and president of the National Pork Producers Council, an industry trade group. The group has asked the federal government to buy USD 1 billion worth of pork in cold storage that had been destined for restaurants and instead give it to food banks, which have been besieged by people who have lost their jobs as much of the economy has shut down. On Friday, the US Department of Agriculture announced it would spend USD 3 billion to buy fresh produce, dairy and meat that will be sent to food banks. Roth said the purchase will hopefully help move a backed up supply of pork and help raises hog prices. The USDA also said it planned USD 1.6 billion in direct payments to pork farmers with limits of USD 250,000 per individual. Roth said the aid was appreciated but wasn't enough to meet their problems. Farmers have also received emergency waivers from the government to increase the number of pigs they can keep in barns beyond normally allowed limits. Still, farmers without extra space are faced with the prospect of killing baby pigs they can't afford to feed.

"Sadly it's true that euthanising is a question that's going to come up on farms," Roth said. Paustian, the eastern Iowa farmer, said the most frustrating part has been the uncertainty of scheduling deliveries of hogs to meat producers that fall through. Even as the majority of slaughterhouses have continued to operate, most plants are large and their closure is a severe hardship for hog farmers who operate in the region, he said. Because a plant has closed about 40 miles away in Columbus Junction, Iowa, Paustian said farmers in his area are sending hogs to other plants in the state and Indiana. "Producers are on pins and needles every day right now, and nobody knows if they're going to get loads out. They get loads scheduled then they get canceled. It's kind of a roller coaster of emotion for producers right now," Paustian said.

Producers he knows have been able to sell about half of the pigs they'd normally send to market. It's enough to get by for a few weeks, but it's not sustainable, Paustian said. For many pork producers, the coronavirus pandemic may be the final straw, said Nick Giordano, a vice president at the National Pork Producers Council. "We are hearing from lots of producers. They're hanging on for dear life," Giordano said. Besides seeking the purchases for food banks and direct payments to producers, the group wants to make agricultural businesses eligible for a federal economic injury disaster loan program.

While not denying the industry's problems, some people who raise pigs independently say the coronavirus has revealed that the the industry is too reliant on a few large international corporations that oversee everything ' from raising hogs to processing plants and even marketing and sales. Chris Petersen, a northern Iowa farmer, raises Berkshire pigs 'the old fashioned way' ' in individual A-frame houses instead of large confinement buildings. He laments the loss of the independent farmers who marketed pigs to nearby buying stations that delivered the animals to smaller packing plants much closer to the farms. "It's a very fragile system because everything has to work just right," Petersen said.

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UNICEF: At 20.1 million, India expected to have highest births since COVID-19 declared as pandemic

India is projected to record the highest number of births in the 9 months since COVID-19 was declared a pandemic in March, with more than 20 million babies expected to be born in the country between March and December, according to top UN body. The United Nations Children's Fund (UNICEF) warned that pregnant mothers and babies born during the pandemic across the world were threatened by strained health systems and disruptions in services. An estimated 116 million babies will be born under the shadow of COVID-19 pandemic, UNICEF said on Wednesday, ahead of Mother's Day, observed on May 10.

These babies are projected to be born up to 40 weeks after COVID-19 was recognised as a pandemic on March 11. The highest numbers of births in the 9 months since the pandemic was declared are expected to occur in India, where 20.1 million babies are projected to be born between March 11 and December 16. Other countries with the expected highest numbers of births during this period are China (13.5 million), Nigeria (6.4 million), Pakistan (5 million) and Indonesia (4 million), it said. "Most of these countries had high neonatal mortality rates even before the pandemic and may see these levels increase with COVID-19 conditions," UNICEF said.

It is estimated that there will be 24.1 million births in India for the January-December 2020 period. UNICEF warned that COVID-19 containment measures can disrupt life-saving health services such as childbirth care, putting millions of pregnant mothers and their babies at great risk. Even wealthier countries are affected by this crisis. In the US, the sixth highest country in terms of expected number of births, over 3.3 million babies are projected to be born between March 11 and December 16.
"New mothers and newborns will be greeted by harsh realities," UNICEF said, adding they include global containment measures such as lockdowns and curfews; health centres overwhelmed with response efforts; supply and equipment shortages; and a lack of sufficient skilled birth attendants as health workers, including midwives, are redeployed to treat COVID-19 patients.

"Millions of mothers all over the world embarked on a journey of parenthood in the world as it was. They now must prepare to bring a life into the world as it has become ¿ a world where expecting mothers are afraid to go to health centres for fear of getting infected, or missing out on emergency care due to strained health services and lockdowns," UNICEF Executive Director Henrietta Fore said. "It is hard to imagine how much the coronavirus pandemic has recast motherhood" Fore said.
UNICEF said its analysis was based on data from World Population Prospects 2019 of the UN Population Division.

An average full-term pregnancy typically lasts a complete 9 months, or 39 to 40 weeks. For the purposes of this estimate, the number of births for a 40-week period in 2020 was calculated. The 40-week period of March 11 to December 16 is used in this estimate based upon the WHO's March 11 assessment that COVID-19 can be characterised as a pandemic. UNICEF warned that although evidence suggests that pregnant mothers are not more affected by COVID-19 than others, countries need to ensure they still have access to antenatal, delivery and postnatal services.

Similarly, sick newborns need emergency services as they are at high risk of death. New families require support to start breastfeeding, and to get medicines, vaccines and nutrition to keep their babies healthy, it said. "This is a particularly poignant Mother's Day, as many families have been forced apart during the coronavirus pandemic, but it is also a time for unity, a time to bring everyone together in solidarity. We can help save lives by making sure that every pregnant mother receives the support she needs to give birth safely in the months to come," Fore said.

Issuing an urgent appeal to governments and health care providers to save lives in the coming months, UNICEF said efforts must be made to help pregnant women receive antenatal checkups, skilled delivery care, postnatal care services, and care related to COVID-19 as needed. Ensure health workers are provided with the necessary personal protective equipment and get priority testing and vaccination once a COVID-19 vaccine becomes available so that can deliver high quality care to all pregnant women and newborn babies during the pandemic, it said.

While it is not yet known whether the virus is transmitted from a mother to her baby during pregnancy and delivery, UNICEF advised all pregnant women to follow precautions to protect themselves from exposure to the virus. Closely monitor themselves for symptoms of COVID-19 and seek advice from the nearest designated facility if they have concerns or experience symptoms. Pregnant women should also take the same precautions to avoid COVID -19 infection as other people: practice physical distancing, avoid physical gatherings and use online health services, it said.

UNICEF said even before COVID-19 pandemic, an estimated 2.8 million pregnant women and newborns died every year, or 1 every 11 seconds, mostly of preventable causes.
The agency called for immediate investment in health workers with the right training, who are equipped with the right medicines to ensure every mother and newborn is cared for by a safe pair of hands to prevent and treat complications during pregnancy, delivery and birth.

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