He posed as Superintendent of Police (SP), called up a subordinate police official and asked him to get his mobile phone repaired or face the consequences. But, his bluff was later called and the man landed in lockup. Azamgarh SP Triveni Singh said the 23-year-old youth, Shubham Upadhyay, is the son of a farmer. He was preparing for competitive exams when his phone developed a snag on Saturday.

He tried to reach out to local mechanics, but they were unavailable to fix it due to the lockdown. Upadhyay used a free caller identification app to call up the in-charge of the Kotwali police station, K. K. Gupta, and threatened to shunt him out, if he failed to swiftly get the work done. Gupta grew suspicious and eventually caught the youth.

In his statement to the police, Shubham Upadhyay said, "On Sunday noon, I tried to breach the district borders to reach Lucknow to repair my phone, but since there was heavy police presence and barricading, I returned home. Later, I installed a free caller identification app in my handset and mentioned the name as SP Azamgarh and even uploaded a photo of the cop to appear genuine." He first called SHO, Kotwali to get the phone repaired and was told the handset would be picked up from the SP office in an hour. Then, he called a businessman to bring his SUV and hand over his mobile to the SHO.

But when Upadhyay called the police again to suggest a separate meeting point, he raised suspicion. When the SHO tried to confirm the venue, Upadhyay got hesitant and said he would send a peon. "I suddenly realised something was fishy and rang up the public relation officer of SP Azamgarh, who denied any such order from the SP. When the caller's number was scanned, it displayed the name of SP Azamgarh," said SHO Gupta.

A trap was laid and when the SHO reached the venue, he found one Praveen Shukla sitting in the vehicle. Police got the address of the accused from Shukla and reached Upadhyay's home in Bilariya locality and arrested him.

Upadhyay has been booked under IT Act and for threatening a public servant.

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To avoid crowding and minimise footfall at liquor stores, the West Bengal State Beverages Corporation (WBSBCL) has launched an eRetail portal for online booking and home delivery.

According to the website of the WBSBCL, any person, who is older or of 21 years of age, can register as a buyer on the portal for getting home delivery of liquor. "For ensuring social distancing and minimising footfall at retail outlets, WBSBCL has launched eRetail for online booking and home delivery of liquor," notification on the website read.

The interested persons can fill in their details, full name, mobile number, address, email, among others to register as a buyer and get liquor delivered at their doorsteps. Prior to this, the Chhattisgarh and Punjab governments too had allowed home delivery of liquor in their respective states with certain conditions.

Liquor stores around the country have been allowed to reopen by the Centre during phase three of the coronavirus-induced lockdown. Long queues, with people flouting social distancing norms, were seen on liquor stores around the country as enthusiasts lined up to get their hands on their favourite drink.

With people at these outlets failing to follow social distancing norms, apprehensions were expressed regarding the spread of COVID-19.

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With France's ban on events with large gatherings until mid-July, a plan for a virtual version of the Cannes film market, the Marche du Film, might be going ahead in June. The Marche du Film is now setting up a full-on virtual market from June 22-28, confirmed Variety. According to Variety, Jerome Paillard, head of the Marche du Film, is to communicate details about the virtual market on Friday.

However, on April 8, The Cannes film festival director Thierry Fremaux has confirmed that the major event won't take the virtual route if it can't be hosted as a physical event. The film festival also works hand in hand with French distributors and exhibitors who are well represented on the board of the festival. Despite France's three-week lockdown, Fremaux maintains that the festival is carrying on with the selection of films while monitoring the evolution of the pandemic.

The festival recently stated that the key sales agents who represent the majority of titles in the competition have been submitting their films to Cannes' selection committee, and the dates for registration have been extended by a month and a half.

Also, the French culture ministry and the city's mayor are backing the Cannes, and they have announced the launch of a support cell for festivals scheduled for 2020.

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Actress Cameron Diaz feels parenthood is the best thing that has ever happened to her. In an interaction with Who What Wear CEO Katherine Power, Cameron, who welcomed daughter Raddix with husband Benji Madden, spoke about how her life has changed after becoming a mother, reports femalefirst.co.uk.

"I love being a mother. It's the best, best, best part of my life. "I'm so grateful and so happy and it's the best thing ever and I'm so lucky to do it with Benj and we're having the best time. I'm thrilled. I can't believe it," the actress said. Cameron also shared how she is dealing with life under quarantine.

"I've kinda been living a quarantine life anyhow because I have a three-month-old, three-and-a-half-month. So my life has been completely quiet and still for the last few months. But I was able to have my friends over all the time. And now I just don't see anybody. But it's nice, and I love a bubble and being in the womb of my home with my husband and cooking.But at the same time it's crazy that you can't go out to the world right now," she said.

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Singer Rihanna's father Ronald Fenty tested positive for coronavirus in his home country of Barbados but has now beat COVID-19 thanks to the superstar's help.

According to Page Six, Rihanna's father recently shared with The Sun, "My daughter Robyn was checking in on me every day. I thought I was going to die to be honest. I have to say, I love you so much, Robyn. She did so much for me. I appreciate everything she has done."

The 32-year-old songstress sent a ventilator to his Caribbean home and gave him "more than enough" to battle the illness that left him feeling weak and frightened for his life.

"I got a fever up inside of my nose. I had a fever across my lips. It was just a lot of fever," Fenty revealed. "I feared the worst. I thought I was going to die, honestly."

The Fenty Beauty founder's father was quarantined for two weeks after at the Paragon Isolation Center, after which he was declared virus-free. He is now resting in his St. James home.

Fenty asked of the public to stay at home and said, "I want everybody to stay home. This is a serious situation. More serious than people realize. Please stay home."

The 'Work' songstress is also using her time and money to help those globally affected by COVID-19, and she has donated 5 million USD to the cause via her Clara Lionel Foundation. She and Jay-Z also teamed up to donate 1 million USD each to those affected in Los Angeles and New York.

Twitter boss Jack Dorsey is also collaborating with Rihanna to help domestic abuse survivors who may have been displaced during the coronavirus pandemic.

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Actor Sean Penn was spotted getting tested for coronavirus with a nasal swab here. The 59-year-old star was at the free Malibu testing site set up by his organisation CORE (Community Organised Relief Effort), reports www.dailymail.co.uk.

He kept his backpack on as he leaned back in an outdoor chair to be tested by a staff member in a mask, gloves, face shield, and hazmat suit.

CORE, which Penn founded in 2010 to help with earthquake relief in Haiti, is now collaborating with LA Mayor Eric Garcetti to combat the ongoing health crisis. The non-profit's goal is to establish free drive-in testing sites in Los Angeles, working with both the mayor and fire department, according to USA Today.

Penn's goal is to "save lives and alleviate the depletion of resources" with the program. He himself works at the testing site in Malibu where he lives.

"We have an infrastructure in place to respond, and so we decided that we would if we could be value-added. It's something that we can adapt to very quickly with the training of the Los Angeles Fire Department initially. And then we're able to take all those firemen and put them back in to serve the people in the way that we need them to," he said last week.

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Hollywood star Hugh Jackman says he won't return as Wolverine in any of the future "X-Men" films. Jackman, who tasted international stardom as Wolverine in his first Hollywood movie, admitted he departed the franchise at the right time.

He added that he is looking forward to some other actor take up the character of the adamantium-clawed mutant in a potential new take. "It was the right time for me to leave the party ¿ not just for me, but for the character. Somebody else will pick it up and run with it. It's too good of a character not to," Jackman told The Daily Beast.

The actor played Wolverine in the X-Men film series from 2000 to 2018, for which he holds the Guinness World Record for "longest career as a live-action Marvel superhero". His last turn as the mutant was "Logan", the 2017 sequel to "The Wolverine". The 51-year-old star said though a comeback sounds good, he would rather not return.

"It's kind of like, you're on your way home and your friend rings you and goes, 'Oh, dude, a new DJ just came on and the music is awesome, are you going to come back?' "And you say, 'Sounds good but¿ no.' They're fine with someone else," he said.

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

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

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

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Veteran actor Sylvester Stallone extended his warm wishes to the Hollywood superstar Al Pacino who celebrated his birthday on Saturday. The 'Rocky' legend greeted the 80-year-old turned icon on Saturday on Instagram.

The 'Rambo' actor shared a dashing picture of the two on his official handle showing both in Black, all suited up. Taking it to the captions, the 73-year-old wrote: "A very very happy birthday to the brilliant Al Pacino !!!!"

 

 

 

View this post on Instagram

A very very happy birthday to the brilliant Al Pacino !!!!

A post shared by Sly Stallone (@officialslystallone) onApr 25, 2020 at 12:26pm PDT

Scores of comments followed the post with many of the icon's fans extending birthday wishes. Having an impressive array of films under his belt, Pacino has been a part of classics like the 'Godfather' series, 'Scarface', 'Serpico', 'The Devil's Advocate', and many more during a career spanning more than five decades.

Regarded as one of cinema's greatest and most influential actors, the legendary actor received the Academy Award for his character in the 1992 released movie 'Scent of a Woman'

Recently, the superstar also starred in ace filmmaker Quentin Tarantino's 'Once Upon A Time... In Hollywood', along with the other star cast -- Leonardo DiCaprio, Brad Pitt, and Margot Robbie

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Pop diva Madonna has revealed that she has tested positive for the COVID-19 antibodies. The singer shared the news in the 14th edition of her 'Quarantine Diary' on Instagram TV.

"Took a test the other day and I found out that I have the antibodies. So tomorrow I'm just going to go for a long drive in the car, and I'm gonna roll down the window and I'm gonna breathe in the COVID-19 air. Yup. I hope the sun is shining," Madonna said.

According to Centers for Disease Control and Prevention (CDC), US, antibody tests are used to determine whether or not a person has been exposed to COVID-19 by finding proteins the body produces to fight the virus. However, the CDC has yet to confirm if the possession of antibodies is equal to immunity.

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Hollywood heavyweight Sylvester Stallone has revealed that a sequel to his 1993 "Demolition Man" is on the way.

The 73-year-old actor-filmmaker said that he is in talks with Warner Bros Studio for a follow-up to the sci-fi action film. Asked if there would be another "Demo Man", Stallone said, "I think it is coming." In an Instagram Q&A, the actor said, "We're working on it right now with Warner Bros and it's looking fantastic, so that should come out. That's going to happen."

The original also starred Sandra Bullock, but there's no word on whether she will return. "Demolition Man" follows two men: an evil crime lord (Wesley Snipes) and a risk-taking police officer (Stallone). Cryogenically frozen in 1996, they are reanimated in 2032 to find mainstream society changed and all crime seemingly eliminated.

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For the past five years more than 16 lakh speech and hearing-impaired people from across the state have been fighting for their basic rights, but the government seems to be completely oblivious of their concerns. So much so, that when thousands of them gathered outside the state social welfare department on Monday to get a response on their 16-point charter of demands, cops resorted to lathi-charge, which they claim was a 'mild' one.

Manoj Patwari, president of the State Level Association for the Deaf, which had organised the protest, said, "We have been demanding our rights for the past five years. There are schools only till Std VII for deaf and mute people, limiting the scope of education. They do not have designated colleges either. Even job opportunities are limited as compared to those for the visually impaired and other physically disabled people. The certificates given are also bogus."

Speaking through interpreter Atiya Hajee, some of the injured protesters said, "We arrived at the spot around 9 am, and had given time to the department till 2 pm to respond. The cops had barricaded us the way animals are kept in a zoo. When one of us tried to get up, he fell on a barricade and accidentally hurt a police officer. Without even understanding the situation, the cops started beating us with rods."

Senior Inspector M M Mujawar of Bund Garden police station said, "One of them had climbed onto a platform of the administration building and was trying to provoke the agitators through sign language. We were just hitting on the ground with lathis to scare them away. We didn't hurt anyone." He added, "One of the protesters asked the others to go towards the cops. Suddenly about 2,000 of them came forward. That is when we resorted to mild lathi-charge. To bring the situation under control, we had detained some of them, but they were later released." MNS Chief Raj Thackeray, who rushed to Pune, said, "I condemn the incident. The cops who provoked other officers and ordered such action should be punished. It's bad that no one from the government visited the spot."

Member of parliament and NCP leader Supriya Sule, who also visited the spot, said, "This is highly condemnable. The protesters should get their basic rights under the Constitution." Meanwhile, Minister of State for Social Justice Dilip Kamble spoke to the protesters over phone and asked them to withdraw the agitation. He asked five of them to go to Mumbai. However, the agitators have decided to continue with the protest till their demands are met.

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Pune: Two men working in the canteen of a city-based college were found dead on Wednesday inside their room, which had been fumigated for pest control, police said on Thursday. According to police, their room had been fumigated on Sunday and the duo had gone to their friend's place to stay for two days. They returned to their room on Tuesday night to sleep but were found dead the next day.

Police suspect that they died of suffocation due to the inhalation of poisonous fumes. The victims were identified as Ajay Beldar (20) from Jalgaon and Ananta Khedkar (20) from Buldhana, they said. "Both of them were working in the canteen of the college located in Dhankawadi area of the city. The canteen manager had provided them a room on the campus to stay," a senior police officer from Bharati Vidyapeeth police station said.

"Their room was fumigated for pest control on Sunday, following which Ajay and Ananta went to their friend's place to stay. They returned on Tuesday and after working in the canteen for the day, they retired to their room to sleep at night. We suspect that they suffocated to death while they
were asleep," he said. On Wednesday morning, when both of them did not turn up at the canteen for work, their manager went to their room. When he did not get any response despite repeatedly knocking at the door, he entered the room by breaking the window glass at the back of the room.

The canteen manager then found both of them lying motionless in the room. He, with the help of other people, took them to a hospital, where they were declared brought dead. Police have registered a case of accidental death. "The post-mortem report has ruled out any possibility
of foul play. It indicates that they died of suffocation," the police officer said. "We are now recording the statements of the canteen manager and also the persons who carried out the pest control treatment in the room. Based on these statements, further action will be taken," he said.

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Pune police arrested an estranged lover on Tuesday in a murder case of a transgender woman at Mohammadwadi. The accused has been identified as Arbaz Ahmed Shaikh,20, and is a resident of Laxminagar, Yerawada.

As per the police, the accused and the victim were in a relationship. The accused allegedly decided to end the relationship because he wanted to marry another woman. The victim was enraged and threatened him to go public. In order to put an end to the threats, the accused killed her by slitting her throat. The victim, Nazab Abid Shaikh was a resident of Sadashivnagar.

Inspector (crime) Raosaheb Bhapkar of Wanowrie police station told Hindustan Times, “Arbaz killed Nazab as she threatened to spill the beans about their relationship” he said.

A case has been registered at Wanowrie police station under Section 302 of the Indian Penal Code.

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During Holi 2019, certain people were forcefully throwing colours and water balloons in a public place in Pune's Pimpri Chinchwad area which prompted the police to detain 84 youth. A case was filed under the relevant section 68 under the Bombay Police Act.

This unruly behaviour which began at 7 am, ended at 2 pm. The entire police station was filled with these accused that the cops had to resort to locking some of them up in another police station.

Detained youth during Holi with Pune police

Senior Inspector Satish Mane of the Wakad police station said, "We set up nine teams along with two mini police vans. Each team consisted of seven policemen and a total of 75 police staff were working around the clock in public places as well as public utility areas such as buses, trains and other modes of transport.

Our prime focus was Rahatni and offices in order to safeguard people from such issues. The detained youth belonged to the age gap of 20-25. Some of the detained would throw water balloons and colour on women while others travelled on bikes hurling balloons at buses and other vehicles. They primarily targetted women."

He had added, "The youth have been detained and will remain in the police station till the evening. The accused were also given lessons in law and how to behave in public places."

Also Read: Mumbai: Holi celebration turns tragic as five drown at beach in Nalasopara

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The CBI has arrested two Goods and Services Tax (GST) superintendents here in Maharashtra for allegedly demanding and accepting a bribe of Rs one lakh for settling service tax liability of complainant.

A case has been registered against the two superintendents of GST, Pune, under section 120-B (Punishment of criminal conspiracy) of the IPC and section 7 of the Prevention of Corruption Act, 1988 (as amended in 2018), the CBI stated in a release on Tuesday.

The accused duo had demanded a bribe of Rs 3 lakh from the complainant for settling the Service Tax liability for the Financial Year 2016-17, it stated. The duo were caught when they were accepting Rs one lakh as the first instalment of the total bribe amount, the CBI said. The Central agency then conducted searches at the office and residential premises of the accused superintendents in Pune.

During the searches, documents regarding acquisition of movable and immovable properties, gold jewelleries, cash, computer hard disks and other incriminating documents were recovered, it said. The accused are being produced before special judge for the CBI cases.

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The Central Bureau of Investigation (CBI) on Tuesday arrested two superintendents posted at the Goods and Service Tax (GST) office for allegedly demanding and accepting a bribe.

Those arrested have been identified as Vivek Dekate and Sanjeev Kumar. A complaint was registered against two under Section 7 of the Indian Penal Code (IPC).

The two accused were produced before the Special CBI Judge, who remanded them to three-day CBI custody.

The officers were caught red-handed while accepting a bribe of Rs 1 lakh from the complainant. The amount has been recovered from their possession.

The complainant alleged that the accused demanded Rs 3 lakh in order to settle the service tax liability for the financial year 2016-17. Further probe is on.

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In a shocking revelation in the Palghar mob-lynching case, nine out of 110 men arrested in the barbaric killings of three people at Kasa Taluka, are juveniles. Mid-day was the first to report that 110 men were taken into police custody in connection with the horrendous crime that surfaced on Thursday evening.

The Palghar police said nine out of 110 who are juveniles, have been sent to remand home in Bhiwandi.

“We have checked the Aadhaar cards of all those who were taken into custody in the mob lynching case. Nine out of 110 are juveniles and they have been sent to children remand home in Bhiwandi,” Palghar police Public Relations Officer (PRO) told mid-day.

The officer further added that the roles of these juveniles are being ascertained as the investigators are scanning the CCTV cameras of the spot where the trio including two priests and a cab driver were lynched by aggressive mob of nearly 450 men who belong to the tribal community of Kasa Taluka in Palghar district.

The combing operation to arrest accused absconding in Palghar mob lynching case is on full swing.

Three people have been arrested for allegedly raping a woman at a school in Batoda in Rajasthan's Sawai Madhopur district.

"A complaint was registered by the woman herself on April 24. Her medical examination has been done and accused persons have been arrested," police said.

Further investigation is underway.

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Over 100 policemen, who were attacked by an angry mob when they had gone to a minority dominated area in the city to quarantine some people, have tested negative for coronavirus, a top police official said on Tuesday.

Of the 126 miscreants arrested, five had tested positive creating a scare not only in Padarayanapura, but also among the police personnel who apprehended them and the staff at the Ramanagara district jail, where they were initially lodged. Sharing the information on Twitter, Bengaluru police commissioner Bhaskar Rao said, "Led by our Home Minister Basavaraj Bommai, over 100 of us policemen who had ventured into Padrayanapura underwent the Covid 19 Test and to much relief came Negative. Blessings of Bangaloreans."

On April 19, a police team had gone to Padarayanapura locality with some health officials to quarantine 43 people, who were the primary and secondary contacts of a COVID-19 patient, and were thrashed by a violent crowd. Five cases were registered in this connection and 126 were arrested.

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Arjun Kapoor has always appreciated eclectic content. The actor, who runs his own digital property Arjun Recommends through which suggests great content for people to binge on, is currently gorging on yesteryears acclaimed TV show Byomkesh Bakshi played by actor Rajit Kapur.

For Arjun, this show is like a whiff of nostalgia from his childhood. He says, “Whenever I could catch Byomkesh Bakshi as a kid, I remember I enjoyed it thoroughly. For me, Byomkesh was what a hero should be. Slick, super-intelligent, and charismatic, he is one of the best sleuths that I have seen on screen! I have been watching Byomkesh on TV again and it is pure nostalgia for me!”

Arjun lists his reasons why he loves this indigenous super-detective. “The best thing about Byomkesh was that he solved intelligent crimes and that really hooked me on. The writing, the cleverness of the cases really got me interested. The show still hooks you thoroughly and that’s what great writing, great acting can do. Great content has the ability to become timeless and universal,” he adds.

Arjun secretly wishes to play a detective on screen. “Since then, I had always wanted to play a detective who saves the day and saves lives. I got to live my childhood dream by playing an undercover agent and saving the country in India’s Most Wanted! I still hope I get to play a detective on-screen one day!” says Arjun.

Also Read: An overwhelmed Arjun Kapoor wishes a frontline doctor on her birthday as she pens an emotional note

2 years ago, on this day, Sonam Kapoor and Anand Ahuja tied the knot, after dating each other for 2 years.  That Sonam was dating a 'London based businessman', surfaced on the internet for the longest time, but the duo remained tight-lipped about their relationship until it was time to make it official. Sonam and Anand had a traditional, Punjabi wedding in Mumbai, and of course, a star-studded one.

She took to Instagram to write the sweetest anniversary wish for the husband, and also shared with us the first photo they clicked together, 4 years back. Her caption tells us how she was impressed with Anand from their very first meet and found him 'unbelievably cool and sexy'. "Your compassion, kindness, generosity and smarts are incredibly attractive but so is your moodiness and your annoying perfectionism. Thank you for being my partner and standing besides me for these 4 years. They have been my most fulfilling. Happy happy anniversary husband. I’m soo thrilled I get to keep you for the rest of my life," Sonam wrote.

 

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Our first picture together.. 4 years ago today I met a vegan who could do complicated yoga positions and speak about retail and business with the same ease. I found him unbelievably cool and sexy., he still makes my heart race and grounds me at the same time. Nothing compares to you @anandahuja , your compassion, kindness, generosity and smarts are incredibly attractive but so is your moodiness and your annoying perfectionism. Thank you for being my partner and standing besides me for these 4 years. They have been my most fulfilling. Happy happy anniversary husband. I’m soo thrilled I get to keep you for the rest of my life. I love you the most and I know you love me the best and the most. That I promise you is the greatest gift I’ve ever received. ❤️ #everydayphenomenal

A post shared by Sonam K Ahuja (@sonamkapoor) on May 7, 2020 at 7:58pm PDT

Sister Rhea Kapoor also wished the couple on their anniversary, on Instagram. She shared a video consisting of some of their adorable moments, and wrote, "Happy anniversary family, I hope every tomorrow is the best day of your lives".

 

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Happy anniversary family, I hope every tomorrow is the best day of your lives. @sonamkapoor @anandahuja love you!

A post shared by Rhea Kapoor (@rheakapoor) on May 7, 2020 at 8:41pm PDT

Sonam and Anand are presently at the latter's Delhi house since they returned from London and quarantined themselves. Quite sue they're celebrating the day in their own way in the company of each other!

Kartik Aaryan’s last performance was with Sara Ali Khan in Love Aaj Kal and it was his best performance so far. He got to explore a lot of new aspects of himself as an actor when he played the characters of Veer and Raghu in the Imtiaz Ali’s directorial. The actor took to his Instagram to write a heartfelt note of gratitude to the director and thanked him for all his support so far.

He posted the picture with the caption, “When you first dream of being in films, you act in front of the mirror and nail it every time, and the world of movies seems magical. 
Then you get a movie. You see the camera and are unnerved. It’s bigger than the suitcase you brought to Mumbai. The bright lights seem to be scolding you for not landing on a one inch tape mark and wasting everyones time. The first few years become about trying not to look nervous. 
Then you get an Imtiaz Ali movie. The moment he narrates the story, you are pulled into a dream. I don’t even remember seeing the camera on his set, he‘d always be standing wherever I looked after cut. He was never at the monitor, he was by my side. The lights on Imtiaz Ali’s set help you find those tape marks.

I have never experienced the kind of love and appreciation I have got for my performance in Love Aaj Kal, and that too from some of my favourite filmmakers and people I most respect in the industry. How ironic that the making of this film felt most effortless! It would scare me to think of doing two characters in one movie. And here, I didn’t even realise how smoothly I was being transitioned between #Veer and #Raghu . For an actor, there is no better environment than being In front of that mirror. Imtiaz Ali takes you there. This is the reason why so many great actors’ greatest performances have been in Imtiaz Ali films. Imtiaz Ali director nahi hain, jadugar hain! Thank you sir for giving me the best performance of my career yet. ❤️ @imtiazaliofficial #LoveAajKal”

 

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A post shared by KARTIK AARYAN (@kartikaaryan) on May 7, 2020 at 10:48pm PDT

Kartik Aaryan will next be seen in Bhool Bhulaiyaa and Dostana 2.

Also Read: Kartik Aaryan describes his quarantine routine as his sister takes a sweet revenge and slaps him during a video

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.

An EU-funded knowledge-sharing project has made cutting-edge non-invasive prenatal testing techniques available to couples undergoing IVF in Estonia, boosting chances of pregnancy for those struggling with infertility there.

Liverpool legend Kenny Dalglish thanked fans for their support on Sunday after leaving hospital following a positive test for the coronavirus. Dalglish, 69, found he had the virus after being admitted to hospital on Wednesday for treatment for a separate infection which required intravenous antibiotics. He was discharged on Saturday night. "Thank you for all of your well wishes over the last few days," said Dalglish in a Liverpool statement issued Sunday. "I'm delighted to be back home with the family after receiving brilliant care from the NHS (Britain's National Health Service), which we appreciate now more than ever. "Marina (Dalglish's wife) and I would like to express our immense gratitude to the medical staff who cared for me and who continue to treat countless others throughout the country during an incredibly challenging period."

Dalglish confirmed the couple would be in "full lockdown for the recommended amount of time in order to protect the lives of others". There are fears that the warm weather across Britain over the Easter weekend will see the public flout government guidelines on social distancing instead of only going out to maintain health and purchase essential supplies. But a concerned Dalglish said: "I know the sun is shining for many of you, but I urge you to stay home and follow the government guidelines to the letter." Earlier the Scotland great, in an interview with the Sunday Post, praised the "absolutely brilliant" hospital staff, adding: "People may think my name got me the best of care but every patient in the NHS gets the best of care." On Friday, Dalglish's family said he had tested positive for COVID-19 despite having previously displayed no symptoms of the illness.

'Humbling messages'
Saturday saw two of Dalglish's children take to Twitter to thank the public for their support. Paul Dalglish, also a former player, said: "Truly humbling messages from supporters of all teams," with Dalglish's daughter, Sky Sports presenter Kelly Cates, saying: "Thank you so much for your lovely messages and I'm really sorry I can't reply to them all." Liverpool goalkeeper Alisson Becker said on Twitter: "Love from Becker family to Sir Kenny Dalglish!!" Ian Rush formed a prolific partnership with Dalglish during their playing days at Liverpool and the Welshman took to Twitter to give his old team-mate his best wishes.

"Wishing a speedy recovery to the best...Sir Kenny Dalglish. Get well soon," he wrote. Dalglish won the Scottish league title with Celtic as a player on four occasions before signing for Liverpool in 1977. At Anfield, he captured eight English league titles, two FA Cups, five League Cups and three European Cups as a player and in two managerial spells. In his Liverpool playing career, Dalglish scored 172 goals in 515 games. As well as his role in Liverpool's golden era in the 1970s and 1980s, Dalglish received plaudits for supporting victims' families after 96 fans died in the 1989 Hillsborough stadium disaster. He also coached Blackburn to the 1995 Premier League title. Almost 10,000 people in Britain have so far died as a result of the coronavirus.

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Former Manchester United star Marouane Fellaini was discharged on Tuesday after spending more than three weeks in a Chinese hospital being treated for coronavirus. The 32-year-old midfielder, the only player known to have contracted the disease in the Chinese Super League (CSL), will now spend 14 days in quarantine for further observation, his club Shandong Luneng said.

The Belgium international said on March 22 that he had tested positive for the virus, having just returned to China, but assured fans that he was feeling fine. Fellaini posted videos of himself on Instagram exercising in his room while in hospital in the eastern city of Jinan. In an Instagram update on Tuesday, he wrote: "The time has come for me to thank from the bottom of my heart the medical staff of the hospital, their nursing staff as well as my club and its medical staff for taking such good care of me with so much kindness and for ensuring my comfort whilst there. "The hardest part is behind me! Let's keep fighting, it's important."

China, where the outbreak emerged in December, says it has curbed the illness at home but is now worried about a second wave of infections from overseas. Fellaini's positive test dealt a blow to the CSL's hopes of beginning the season any time soon, after its February 22 start date was indefinitely postponed. Fellaini, also formerly of Everton, joined Shandong from Manchester United in February last year for a reported 7.2 million euros.

He enjoyed a productive first season in China, scoring 12 goals in 34 matches and providing five assists.

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Manchester United midfielder Jesse Lingard is in lockdown in the UK due to the Coronavirus but that hasn't stopped him from keeping in touch with Playboy model, Laura Bragato (right). Italian Laura told British tabloid, The Daily Star that Jesse has been texting her while in self-isolation. "I spoke to Jesse yesterday, and he is staying home like the rest of us. He is safe. In Italy here we are all in lockdown, it's been one month and I hope everything is going to start again here. When it's over, I can't wait to travel. I want to spend my summer in Spain and London" Laura said on Tuesday.

Jesse Lingard

Laura became famous in 2018, when she claimed that her 'lucky' behind would help Italy beat England in the FIFA World Cup. The match ended 1-1 but her pre-match comments, hoping for Jesse to score, saw her earn lakhs of online fans instantly.

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Manchester United midfielder Paul Pogba revealed while growing up he was an Arsenal fan. French international idolised Thierry Henry and wanted to follow the footsteps of the countryman.

"I will be honest. So, at the start, I was an Arsenal fan - obviously because of all the French players, you know. Me and my brother were but my other brother was a Manchester United fan," Pogba told United's official podcast.

"I couldn't say anything so I used to love Henry and, because of him, I was an Arsenal fan. Then I changed and went on to choose with my other brother. No Arsenal, I went with the other one, the United fan!" he added.

Pogba came through the youth ranks at Old Trafford while Sir Alex Ferguson was in charge but after only making a handful of appearances for the first team in 2011/12 he left for Juventus in the summer.

He re-joined United in 2016 from Juventus when Jose Mourinho was the manager as he saw it as an opportunity to finish what he had started.

Henry, who had left Arsenal for Barcelona by the time Pogba arrived in England, was not the only iconic Frenchman or all-time great that an energetic midfielder looked up to.

"I had Ronaldinho, Ronaldo, [Zinedine] Zidane, Thierry Henry, Djibril Cisse, Kaka," Pogba said.

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Kevin De Bruyne is recovering from an illness, but the Manchester City star says he is not sure if he had coronavirus. De Bruyne and his family felt ill for around two weeks, but the Belgian international did not find out whether or not it was the virus. "I am doing well, to be honest," De Bruyne told Sky Sports on Friday. "The first two weeks my family was sick so it was a little bit like up and down, but now they are all healthy.

"We don't know if we had it (coronavirus) or not but I think we're doing well now." With De Bruyne recovered, the midfielder is trying to keep as fit as he can while adhering to social distancing rules. The Premier League is suspended indefinitely because of the pandemic, but there remains a chance play will resume this season. "Well, the first two weeks was a little bit weird because I don't know what's going on," De Bruyne said.

"Then I managed to get a treadmill. I was swimming a little bit because I'm lucky to have a pool downstairs. "I was doing a couple of lengths but now mostly I'm doing a run and I would say every other day I would choose between swimming and doing some exercise, so I'm keeping fairly good for what we can on our own, I guess." Asked if City are sending through information and drills, he said: "They send us like a fairly big programme. "I think at the beginning of lockdown some of the gym physios went to the club and made videos of what we can do, different types of exercises.

"But there's a few things that I like to do, obviously it's more the running and the swimming exercise. "I do a little bit in-between but I'm not one for sitting like an hour or two hours in a gym. "I get bored of doing stuff on my own anyway so I prefer to do running, where I keep busy for myself and listen to some podcasts and all that stuff."

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Manchester City striker Sergio Aguero has been using some of his spare time in lockdown to teach British kids how to speak Spanish.

The Argentina international has been signed up by the BBC as part of its home-schooling initiative while educational establishments are closed during the coronavirus pandemic. Aguero is teaching kids how to count in Spanish. His lessons became available on a day kids in Britain would have usually returned to school after the Easter holidays.

Aguero says it's a tough time for children at the moment, and also for parents trying to keep them focused on their education from home. Aguero hasn't played a competitive match since March 8 because soccer is shut down in England and across most of the world during the outbreak.

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Former Liverpool mid-fielder Jamie Redknapp fears arch-rivals Manchester United are set to beat his former club for the signing of Borussia Dortmund forward Jadon Sancho. The 20-year-old Englishman is currently one of the most sought-after players in European football and Redknapp believes Sancho will end up in Premier League sooner than later with the Red Devils in pole position to snap the hot shot winger. "I think it is a matter of time with Jadon Sancho coming to the Premier League. We are talking about a genuine superstar. A player that can do incredible things with the ball. Played 70 odd games in the Bundesliga, scored 27 goals from a wide area which is very good," Redknapp told Sky Sports.

"We have missed out on the likes of the Neymars in the Premier League but he can come and really light it up. Personally I would call it. He will be a great signing for whoever he goes to. "I would like to see him at Liverpool, but I think he is going to end up at United though," he added. Since making the move to Bundesliga from Manchester City in 2017, Sancho's rise has been nothing but meteoric. In the last two seasons for Dortmund, Sancho has scored 20 goals and assisted 28 times for the German giants.

Speculations continue to surround Sancho regarding his big move to the Premier League with multiple top teams interested. Dortmund, meanwhile, have made it clear that it will take big bucks to prize Sancho away from the Signal Iduna Park.

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Argentina footballer Paulo Dybala has tested coronavirus positive for the fourth time in the last six weeks, according to media reports. This could come as a big blow for Juventus as Serie A had allowed players to return to individual training from May 4. "Spanish programme El Chiringuito stated Dybala has had four tests across the last six weeks and the latest one was positive again," the report in The Sun stated. Dybala was one of the first footballers to contract the virus along side Juventus teammate Daniele Rugani. In March, Dybala had taken to instagram to reveal he and his girlfriend both had tested positive.

Italy has been one of the worst hit countries in the world due to coronavirus pandemic as more than 200,000 people have been infected while in excess of 27,000 individuals have lost their lives so far. Italian sports minister Vincenzo Spadafora had earlier suggested that it would be easier to end the football season and if indeed the leagues do start, it should be a gradual process.

"It would be much easier to end the season immediately and the scientific community would agree," he wrote on his Facebook page. "Carrying on the world of football is a very important thing for our country, but we must do it safely. Remember when Serie A didn't stop? How many teams have gone into quarantine? The [Italian Football Federation] FIGC submitted a protocol and it was considered.

"Today we're at the end of April, we can't know for sure how the virus will evolve and how the rules will be respected, therefore we can't know when the season will resume.

"We've been working to resume training from May 18, but that doesn't mean the leagues will start up again," he added.

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Manchester City's Argentine footballer Sergio Aguero has revealed that the secret to his goal-scoring prowess is a switch in diet from barbecued beef to chicken.

Sergio, who joined City from Atletico Madrid for £38million (R357 crore) in 2011, is their all-time high scorer with 254 goals from 368 games.

However, he struggled with weight issues until a few years back as his love for barbecued beef steaks lowered his blood pressure, leaving him feeling dizzy on the pitch.

"From 2013 to 2016, I could not adapt to food well. Then, I met an Italian doctor online and told him what I usually ate, which was a lot of meat. He said I should try chicken at least once a week. Initially, I was like 'uhhh' but then I adapted. He told me that if I'm very hungry, I should put rice and chicken together. Today, I'm a big fan of rice. Earlier, my weight was 81 or 81.3 kg. Now I am 79.5. In football, even if it's only half a kilo, you feel the difference. It's incredible," Sergio, 31, told Argentine TV channel, TyC Sports.

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Portuguese football superstar Cristiano Ronaldo, 35, could be expecting his fifth child going by an indication from his girlfriend Georgina Rodriguez, 26, via social media.

On Monday, just before leaving for Turin, Italy from Madeira in Portugal where they spent nearly two months, Georgina hinted in a social media post that she was pregnant.

She Instagrammed this blurred picture (above) of herself chewing gum with the words 'baby girl' accompanied by a heart wrapped in a bow emoji.

Cristiano has four children, Cristiano Jr, nine, twins Eva and Mateo, two, born via a surrogate mother and Alana Martina, two, from Georgina. Cristiano and his family arrived in Italy, where he will now self-isolate for two weeks before resuming training with his club, Juventus.

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The Spanish football league is all set to resume in June and La Liga's India managing director Jose Antonio Cachaza has revealed that they will resort to maximum testing of players to allay any fears of them contracting COVID-19.

Spain is one of the worst hit countries with around two lakh COVID-19 cases till date.

Most La Liga teams have been allowed to return to training this week after the government eased lockdown restrictions. However, the fear of contracting the Coronavirus is widespread, said Cachaza, for which a four-phase de-escalation programme is being introduced to ensure all players are free of the infection.

"The current week is only for testing of the players and preparing the grounds," Cachaza said in an online media interaction from Spain.

Jose Antonio Cachaza

"Once players are fit to play, we will disinfect the venues. All matches will be played behind closed doors with a maximum of 250 people to avoid any unwanted situation," he added.

When asked what happens if a player tests positive once the season starts, Cachaza said: "That can always be the case. If you see the Bundesliga, they are about to start their season but still have positive cases. We will be ensuring testing at regular intervals as well to keep a check on players." Unlike the English Premier League and the Bundesliga, the La Liga is yet to finalise on a date to resume the season as Cachaza said they are awaiting authorisation from the Spanish government. "We are in constant talks with the government and as of now, we have authorisation to only start with training. Next week, the players will be allowed to train on their own, with a maximum of six players on the pitch. The following week [May 18 onwards], players will be permitted to train in small groups before a return to larger team sessions,"2020-05-08 Cachaza explained.

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Portuguese footballer Bernardo Silva has reportedly found love during the ongoing Coronavirus-caused lockdown.

The Manchester City star, who split from his French model girlfriend Alicia Verrando two years ago, is said to be in a relationship with Portuguese model Ines Tomaz.

According to a report in the Portuguese media, Bernardo has been in lockdown near Lisbon in Portugal with Ines for over a month, but the couple are not keen to rush into things.

"They've not been together for very long and they want to take things slowly," a source told Portuguese newspaper Correio da Manha.

It is learnt that Bernardo and Ines have been watching Netflix, playing the piano and even learning to cook together. Bernardo revealed last week that he was in quarantine with a group, including Ines, and had even posted a picture of the bunch on social media.

"Hey guys, it's been over a month that we're all locked down in our homes so I have decided to show you a little bit of what our quarantine looks like. This is the group of friends with whom I'm spending my quarantine," he wrote.

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German professional football is going to return to action on May 16 to 18 with its first and second tier getting back underway. League association CEO Christian Seifert announced the permitted re-start is planned without games on Friday evening but contains two rounds of matches during the week. "We wanted to follow the wording in the orders of politics strictly," the 50-year-old commented, reports Xinhua news agency. All games will be run behind closed doors.

The season was interrupted mid-March due to the coronavirus crisis. Nine rounds remain plus one postponed match. German Chancellor Angela Merkel and the 16 federal state prime ministers gave the green light for a restart on Wednesday based on a comprehensive hygiene concept. Most of the 36 clubs voted for the earliest possible start. At least two sides, such as Werder Bremen and FSV Mainz 05, demanded a start one week later to gain time for additional training.

Seifert announced the season is to be continued with matchday 26, which contains the delicate derby of Borussia Dortmund against the FC Schalke 04 on Saturday. Six games are notified for Saturday, two on Sunday and one on Monday evening. All match-days contain a so-called late-game in the evening. The table leaders Bayern Munich face an away game against league newcomer Union Berlin Saturday evening.

The season's last games are planned to take place on June 27 to 28. Seifert indicated the Champions League final could be run around the end of August. The German Cup has to be rescheduled. To address parts of the demands of Bremen, their game against Bayern Leverkusen is scheduled for Monday on May 18. The federal state of Bremen was one of the last spots allowing training in smaller groups.

All 36 clubs took up full team training this Thursday. From Saturday on, all clubs attend an obligated seven-day-long quarantine. Players, staff, and family members will undergo a diverting number of tests. Referees are going to be tested by next week. Seifert said football concept could be a blueprint for other team-sports, fighting sports and athletics as well as for orchestras and theaters.

Clubs and association are in close contact with fan groups to avoid gatherings around the arenas. Therefore, negotiations take place with pay-tv broadcasters to provide certain games on free tv.

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Manchester City's Kyle Walker says he is being "harassed" after admitting he breached coronavirus lockdown rules to visit his sister and parents. The defender was forced to issue an apology last month after media reports that he had hosted a party at his home. But Walker has hit back at the latest stories, insisting that he is being targeted and that the ongoing controversy is affecting his family's health.

In a statement on his official Twitter feed, Walker wrote: "I have recently gone through one of the toughest periods of my life, which I take full responsibility for. "However, I now feel as though I am being harassed. "This is no longer solely affecting me, but affecting the health of my family and my young children too." Walker admitted contravening coronavirus regulations again by visiting Sheffield to see his sister and his parents -- for which he could be fined and cautioned by police.
"In relation to the events on Wednesday, I travelled to Sheffield to give my sister a birthday card and present, but also to speak to one of the few people I believe I can trust in my life," he said.

"She hugged me to remind me that she cares and that I am loved. What am I meant to do -- push her away? "I then travelled to my parents' house to pick up some home-cooked meals. Again, it's been an extremely tough couple of months for them." He criticised the media for invading the privacy of his family, saying he constantly felt he was being followed.

Aston Villa's Jack Grealish was forced to apologise in March after breaching lockdown rules, while Everton strongly criticised Moises Kean for hosting a party last month.

Walker said the response to his actions had been disproportionate, raising mental health concerns and saying his family had been "torn apart" by the continuing scrutiny.

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Gold has indeed proven itself as an effective hedge against any downside risk. It has seen a sharp rise in the price rally since the first case of Novel Coronavirus was reported in November 2019.

In the beginning of March, gold prices fell marginally, however it is on the upswing and has retained its level above Rs 40,000 per 10 grams.

Graph: Gold's rising uptrend

Gold started to ascend last year when the US and China trade talks began and escalated in trade war, followed by similar trade wars of the US with other nations.

These events have proved to be favourable for the momentum of the price of Gold. It played its role of a crucial hedge and store of value when other asset classes had witnessed high volatility and posted marginal returns.

Some of the other factors that have supported gold are...

• The outbreak of COVID-19 with no evident containment yet
• Economic uncertainty and fears of a virus-led global recession
• Global GDP growth revised downwards and for across regions
• Easy monetary policy action (of reduction in interest rates and stimulus packages) and an accommodative stance adopted by the central banks across the world to support growth
• A crash in the oil markets due to lack of demand and excess supply with storage problems
• A record-high global debt-to-GDP of nearly US$ 255 trillion (over 322% of global GDP) - 40 percentage points higher than at the onset of 2008 global financial crisis according to the Institute of International Finance (IIF), as the world is fighting the COVID-19 pandemic
• The US Presidential elections later this year, in November 2020
• Increased stock market volatility
• The potential risk to the inflation trajectory.

[Read: Coronavirus Has No Antidote. Your Bad Investments Could Have.]

Besides, the lockdown brought upon due to COVID-19 pandemic is going to hurt the economy for a couple of quarters badly which will amplify the credit risk. The economic activity will slow grind to full capacity, prompting furloughs and pay cuts, and job losses across sectors, which will affect the credit line as the number of defaulters will rise because cash strapping will be seen.

Recognising the risk stemming from the bottom hit economy, where the growth projections by the IMF are almost 1.9% due to the CoVID-19, the NPAs of banks and NBFCs are expected to increase.

[Read: How the COVID-19 Extended Lockdown Has Made Investments in 'Banking Funds' Very Risky]

Until the COVID-19 pandemic is contained and economic uncertainty prevails, the spotlight will continue to be on gold owing to the financial uncertainty it brings along. Even the IMF Global Financial Stability report highlights an increase in the level of risk among multiple global metrics and, therefore, the importance of owning gold in one's portfolio.

Hence, in my view, in the current situation consider allocating some portion of your investment portfolio to gold and its equivalents. This year buying gold in a physical form from your preferred jeweller or gold merchant may not be possible amidst the COVID-19 extended lockdown. But you can always consider Gold Exchange Traded Funds, Gold Saving Funds, Sovereign Gold Bonds, and/or Digital Gold, which are smart and unconventional ways of investing in gold.

Recently the Government of India, in consultation with the Reserve Bank of India, decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:

Each of the tranche is offered for a limited subscription period, having a maturity tenure of 8 years and a lock-in period of 5 years

With an initial investment amount of Rs 20,000, resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions can subscribe to SGBs. The application can be also made by the guardian on behalf of the minor. One can purchase units from the secondary market as well.

The issue price of the SGB will be Rs 50 per gram less than the nominal value when applied online and the payment against the application is made through digital mode.

On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on a simple average of the closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewellers Association Limited.

In order to encourage passive but direct gold investment, as an alternative to purchasing physical gold, Modi led Government sanctioned a Sovereign Gold Bond Scheme in November 2015. Under this scheme, investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of Government of India.

With the Sovereign Gold Bond Scheme, the risks and costs of physical storage are eliminated. Plus, it is free from issues like the costs of making charges and purity, as in the case of gold in jewellery form. But these bonds are held in the books of the RBI, or in demat form to eliminate even the risk of loss of scrip, etc.

Sovereign Gold Bonds will generate market returns linked to the price of gold, so there may be a risk of capital loss if the market price of gold declines. Moreover, these bonds will provide interest income at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment to investors and will be redeemable.

The minimum investment allowed is 1 gram, while the maximum buying limit is a subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF), and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April - March).

These bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL), and the authorised stock exchanges, either directly or through their agents.

Do note, that the interest on the bonds is taxed as per the provisions of the Income-tax Act, 1961. If you hold the SGB till maturity the capital gains tax on redemption of SGB is exempted. But if you sold the bond in the secondary market after three years, long term capital gains (LTCGs) tax is applicable and it will be taxed at 20 per cent with indexation. And if sold before three years, a short-term capital gains (STCGs) tax will be applicable according to the income tax slab.

What should the investors do?

Defeating the Coronavirus and surviving is everyone's core focus and having liquidity, those who have an adequate contingency fund are looking for investments.

Equity and debt markets are yet to see any signs of revival despite the stimulating relief measures provided to uplift the slowing of economy but investing in gold can prove to be worthy for your portfolio.

[Read: What Could Be the Potential Impact of a Lockdown on Your Mutual Fund Portfolio? Know Here...]

Even the bond prices were at all-time lows, which are inversely proportional to gold as well. In my view allocate at least 10-15% of your entire investment portfolio to gold and hold it with a long-term investment horizon.

Remember gold offers an effective hedge during global uncertainty and a shield against inflation. Most importantly in your portfolio, it serves as a diversifier.

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.

Last month, SEBI had asked credit rating agencies not to consider any delay in payment of interest or principal loan amount arisen solely due to the nationwide lockdown conditions as a default.

The stress in the Indian mutual fund industry due to the pandemic impact deepened after Franklin Templeton MF decided to wind down six of its debt schemes. The lack of liquidity and redemption pressure compelled FTMF to take the extreme step.

In this economic environment, Mutual Fund houses are concerned about companies that are likely to delay and default in payments. Many companies have sought deferment/rescheduling of payment due to COVID-19 related disruptions. In order to minimize the resultant damage, market regulator SEBI recently provided temporary relaxation in valuation norms for instruments mutual funds hold.

SEBI has asked valuation agencies to avoid treating delays in payment of interest/principal or extension of maturity of a security as default for the purpose of valuation of money market or debt securities held by Mutual Funds, if it has been caused solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by RBI.

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

"In view of the nationwide lockdown and the three-month moratorium/ deferment on payment permitted by RBI, a differentiation in treatment of default, on a case to case basis, needs to be made as to whether such default occurred solely due to the lockdown or loan moratorium", SEBI circular said.

SEBI has stated that in the above mentioned scenario, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted. This revised norm will be in effect until the RBI's period of moratorium.

However, AMCs shall continue to be responsible for true and fairness of valuation of securities.

Mutual fund houses have to mark the value of their assets based on valuations provided by valuation agencies appointed by AMFI.

At present, a debt or money market security is classified as 'Default' if the interest and/or principal amount has not been received on the day such amount was due; or when such security has been downgraded to 'Default' grade by a credit rating agency. Default denoted that the security is below investment grade.

This leads to mark down of the respective security and thereby impacts NAV of the scheme.

SEBI's move provides some relief in this regard. It will ensure that all fund houses follow a uniform approach while dealing with defaults/delay due to COVID-19.

Will it make investment in debt fund safe?

SEBI has not yet provided any moratorium on commercial paper and corporate bond repayment. According to a report published in Livemint, Rs 1.5 trillion worth of commercial paper and corporate bonds will be maturing in the first quarter.

As mentioned earlier, AMCs shall continue to be responsible for true and fairness of valuation of securities. But in the absence of rating downgrade from valuation agencies, fund houses cannot side-pocket their exposure to a defaulting company. Therefore, we may still see some write-offs if the AMC finds recovery to be difficult even after the relaxation period.

COVID-19 has impacted businesses across sectors. Some sectors such as NBFCs were under stress even before the pandemic. The default risk has thus amplified.

The relaxation of valuation would delay the issue, but downgrades would arise subsequently. Spike in number of side pockets (by fund houses) may thus become imminent.

My colleague, Rounaq, rightly mentioned yesterday, losses the investors suffer will be directly proportionate to the stress, pressure mutual fund houses and their investors will face. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

What should investors do?

In these uncertain times, it would be wise sticking to liquid funds and overnight funds for the fixed-income part of your portfolio and avoid funds that take higher credit risk. Alternatively, if you prefer safety of capital, invest in Bank fixed deposits.

Choose a fund house that follows prudent investment process and stringent risk-management system.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy, which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity.

SEBI has time and again taken steps to tighten norms for debt funds. As an investor, if you take portfolio risks, align it with your own risk appetite and financial objective.

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.

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

Author: Divya Grover

This article first appeared on PersonalFN here.

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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.

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

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

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

Graph 1: The virus has spread even to Indian equities

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

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

Graph 2: YTD Performance of key asset classes

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

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

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

Tactical Asset Allocation with Quantum Multi Asset Fund of Funds

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

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

Table 1: Asset Allocation of Quantum Multi Asset Fund of Funds

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

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

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

For Gold - Quantum Gold Fund (ETF)

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

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

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

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

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

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

Table 2: Report card of QMAFOF versus some of its peers

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

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

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

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

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

Suitability of Quantum Multi Asset Fund of Funds

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

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

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

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

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

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

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

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

Happy Investing!

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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.

The U.S. Tennis Association is warning folks: "No Bryan Brothers chest bumps." That was among the suggestions from the USTA on Wednesday, when it offered return-to-play guidelines to help players and people running tennis facilities know when " and how " the sport should resume at the amateur level as coronavirus lockdown restrictions ease.

The USTA thinks it will be safe to again play tennis "in some cities and states sooner than in others." One of the recommendations is to maintain social distancing by staying 6 feet apart from other people " and, therefore, to avoiding playing doubles, because it "could lead to incidental contact and unwanted proximity." The group that runs the U.S. Open went on to add: "If you do play doubles, avoid all incidental contact, no Bryan Brothers chest bumps and no whispering to each other from a close distance to strategize."

American twins Bob and Mike Bryan have won 16 Grand Slam titles in men's doubles together and celebrate wins by jumping simultaneously and bumping chests. All professional tennis has been suspended at least until mid-July. The U.S. Open is still scheduled to begin main-draw play in New York on Aug. 31.

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The three-day annual "Winter Fest 2017" took off here with fanfare on Friday with the city coming alive with colourful cultural and folk performances as well as traditional sports activities for visitors and tourists. The quintessential hospitality and warmth of the local people -- that Rajasthan has been known for -- further added to the cheerful disposition of the festival, being organised by the Rajasthan Tourism Department.

Representational Pic

On Friday morning, a grand procession with various cultural and folk performances, including Ghoomar, Gair, Kacchi Ghodi and Kalbelia, to the Nakki Lake marked the start of the festival.

Events like a football match, Tug of War and Musical Chairs between the locals and tourists were held in the afternoon. The evening had a scheduled performance of the best of European bands.

On Saturday, Day 2, a Boat Race will be organised on Nakki Lake. The other programmes, such as a Kite Show, Rangoli Competition, Matka Race, Dog Show, Turban Tying Competition and Best of Rajasthani Dress Competition, are scheduled to take place in the afternoon.

In the evening, there will be a live performance of the Army Band, followed by a stunning display of the Best of Rajasthan group performances.

On the third day, December 31, a marathon race has been planned from Polo Ground to Nakki Lake. There will also be a Horse Show and Kabaddi Match in the afternoon and in the evening, there will be a Rock band performance by the "All Events Mumbai", before a display of fireworks.

On all three days, as part of the festival, there will processions of various cultural and folk performances from Toll Naka to Nakki Lake.

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

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

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

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

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Nearly 125 sailors from 10 countries participated in the sailing and regatta events as part of the three-day vClusive Cup - India Yachting Festival, which concluded in Goa on Sunday. Organised by vClusive, Luxury Hues Group and Marine Solutions, the event was conducted under the auspices of the state Tourism Department, along with the Confederation of Indian Industries.

Representational picture

"The vClusive Cup - India Yachting Festival is a platform that focuses on lifestyle experience. Our success lies in the fact that the mega event connects brands and consumers on an engagement platform," Vinu Sundaresan, founder and CEO of vClusive, told reporters here.

"We are committed to shaping the development of the luxury and marine sector, hence, we believe in involving the industry towards the growth of the tourism and leisure industry at large."

The aim of the event, Sundaresan said, was to expand the horizons of marine and lifestyle tourism in the country, considering the fact that India has a coastline of 7,000 km which could be tapped.

Gautama Dutta, Executive Director, Marine Solutions, said: "Yachting is a leisure past time that is waiting to be developed into a highly leveraged lifestyle and leisure activity.

"We realise its potential and we are committed to developing it in India. We also understand that yachting is waiting to be experienced as a lifestyle that is satisfying, adventurous and thrilling."

There is a New India rising. Along with this rise, there is a growing demand for experiential leisure, he said.

"We believe yachting can fill this space promoting not only marine tourism but also building infrastructure and creating employment," Dutta added.

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This year, (fortunately or unfortunately) has shaped out to be a traveller's paradise, with over 16 long weekends coming up. There are a number of destinations, both domestic and international, that have gained popularity in the recent past as popular travel spots among tourists. Here are top 7 places you could visit in India and abroad, as per ixigo, a travel marketplace:

1. McLeod Ganj (Himachal Pradesh)
McLeod Ganj is a paramount center of Tibetan Buddhism and culture. Precisely known as Little Lhasa, the town is home to a number of monasteries, essential temples, and other ancient structures. This beautiful hill station has it all, from treks to strolls, delicious cuisines to amazing beverages, adventures to spiritual places and much more. If you are an adventure junkie, experience trekking and camping on the Triund trail.

Coorg. Pic courtesy/YouTube

2. Coorg (Karnataka)
One of the best times to experience the raw natural beauty of Coorg is during March. This month sees the blooming of tea and spice plantations which fills the valleys with fragrances, refreshing your senses to the core. Must visit places in Coorg include Abbey Falls, Nagarhole National Park, Namdroling Monastery, Burude Falls, Honnamana Kere Lake, among others.

3. Sundarbans (West Bengal)
In the pre-winter month of November, the gates of Sundarbans National Park open. This month makes traveling to the dense mangrove forests easier to navigate through the meandering rivers to spot the Royal Bengal Tigers, as they are out sunbathing by the river. With enjoyable temperatures, dense foliage, and a wondrous wildlife, Sundarbans is easily one of the best places to visit in November. Beware of crocodiles and wild boar.

4. Mount Abu (Rajasthan)
The only hill station of Rajasthan, Mount Abu is the perfect escape from the scorching heat of June. Sitting amidst green forests, it lies in the Aravalli mountain range, around 1,220 meters above sea level. Get most of your vacation here and visit places like Nakki Lake, the famous Sunset Point, Achaleshwar Mahadev Temple, Trevor¿s Tank and Toad Rock.

5. Istanbul (Turkey)
November in Istanbul is a few degrees warmer than the neighbouring countries of Europe and also provides a vigorous push of the exotic to ward off the winter blues. Quite literally the meeting ground of the East and the West, Istanbul is lined with frescoed palaces, churches, museums and art galleries. Indulge in a reviving Turkish bath, see the city from high above on a hot balloon or fill up on Baklava with Turkish tea.

6. Sri Lanka
Sri Lanka is stunningly picturesque, affordable and full of simple, smiling people. One of the most beautiful island nations of the world, its geography boasts of blissful beaches, rolling rainforests, and magnificent mountains while its culture and creative cuisine guarantee a trip most memorable.

7. Egypt
After the fierce heat of the summer months, September is pleasantly perfect to explore the ancient wonders and the endlessly spellbinding landscapes of Egypt. With peering pyramids, deserts, soaring minarets and temple ruins, this `Gift of the Nile¿ deserves a place in everyone¿s travel bucket list.

If lazing around pristine white shorelines and engaging in fishing off the coast is your idea of the perfect weekend, sign up for a fishing trip organised by Grassroutes, that will be set in the scenic Adgaon beach along the Konkan coast.

Participants will learn traditional hand fishing and also the line-and-hook type of fishing

Shreya Thaker, from the rural tourism-centric tour group, says, "We aim to organise events that connect people with different communities and help them financially. So with the trip, Fishing for Fun, we are working with the Koli community to host fishing and hiking activities to keep you engaged while you also enjoy the traditional hospitality of homestays in this region, which includes Konkan cuisine prepared by locals." She states that participants will learn the technique of traditional hand fishing practised by locals while the line-and-hook type of fishing will be taught by Donna Sequeira, a facilitator from the organising company.

Participants will be taken on an early morning tour of the local fish market to spot varieties caught off the coast. "We are also planning to visit mango and cashew farms along with a hike to a hidden waterfall near the village," shares Thaker.

ON: February 17 and 18, 12 pm onwards
AT: Adgaon Beach, near Divegar. call 9820464838 for bookings
LOG ON TO: bit.ly/2nZetPx
COST: Rs 3,000 (adult) and Rs 1,800 (child) [inclusive of food, accommodation and fishing equipment; not inclusive of travel cost to reach location]

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Representation pic

Scores of Indian and overseas tour operators, alongwith world travellers, will converge in New Delhi later this month to participate in an event showcasing boutique hotels, lodges, hideaways, camps and retreats in India, Nepal and Bhutan.

Brainchild of RARE India, the event, titled Très RARE, will host speakers on hospitality and related topics on the concept of experiential travel in the sub-continent.

With participation of more than 60 independent boutique hotels from India and its Himalayan neighbours Nepal and Bhutan, the event is expected to offer the first glimpse of game-changing hotel concepts, their new initiatives, and showcase a unique selection of never-treaded-before destinations.

'The demand for boutique hotels is reflective of the realigned desires of a global traveller, who is weary of the standard-fare hotels that though comfortable are unimaginatively identical around various destinations. These boutique hotels inspired us at RARE to break away from the traditional and create an intimate showcase that focuses on the niche rather than the mass and mainstream,' said Sowmya R Vijaymohan, the brain behind RARE India and Très RARE.

Select 100 Indian Destination Management Companies and 50 Foreign Operators from UK, US, France, Germany and Italy will focus on intensive one-on-one engagement,
knowledge building and innovations.

Shoba Mohan, the co-founder of RARE India and the event, said, "Boutique and experiential hotels are now a mainstay in the Indian travel industry, and there was a tangible requirement for a platform that is dedicated and designed to showcase their uniqueness." The event will be held on March 30 and 31 at the Roseate Resort.

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Taiwan

Those caught up in the hustle bustle of a city life -- and craving for someplace pristine, calm and relaxed -- will fall in love with Taiwan. But along with its tranquillity and peace, there is also the effervescence of a place celebrating its culture and language with aplomb.

This small island nation in the South China Sea is truly the heart of Asia - and it is fast catching the attention of Indian travellers, offering as it does a perfect combo of fabulous food, superb night life, bustling markets, hot springs, culture, history, architecture and stunning natural beauty - from gentle mountains to lovely coastal landscapes.

It was around the Taiwan Lantern Festival 2018 that we landed at Taichung International Airport here to be greeted by our tour guide, the friendly and ever-smiling Charles Tung. And he wanted all of us - a group of travelling journalists - smiling as well. "Say cheese," he said as he got us to pose for a group photo before we embarked on our journey of exploration. And there is much to explore.

"Taiwan has a truly unique natural beauty. There are beautiful places like Sun Moon lake, Yangmingshan National Park, Black Dwarf Cave... to name just a few. These places provide an escape from the chaos of urban living," Noel Saxena, Country Head, Taiwan Tourism Bureau India Office, told IANS. Saxena said Taiwan is also very rich when it comes to art.

"Be it dance, music or even folk art, the Taiwanese have earned critical acclaim with an exceptional display of talent. Taiwanese hand puppetry and Taiwanese opera are two foremost examples of art forms that are authentically Taiwanese, in that they use the Taiwanese language, not Mandarin," he informed.

The Taiwanese love for music and art was evident at Ten Drum Ciatou Creative Park, located in Kaohsiung. Once a sugar processing plant, it is now the hub of a percussion group -- the Ten Drum Percussion Group that has won accolades globally, including a Grammy in the Best World Album category.

While taking a walk around the former factory, we had to take a path made up of the branches of trees... Quite literally, we were walking on trees without fear of falling down -- a unique experience.

Other stops included the Formosan Aboriginal Culture Village, a comprehensive recreational area featuring Taiwanese indigenous people's cultural relics as well as amusement park facilities; and the Sun Moon Lake, situated near Yuchi township, was truly mesmerising. One of the most beautiful alpine lakes in Taiwan, it is shaped like a crescent moon; hence the name.

The Buddha Memorial Centre at Fo Guang Shan is a landmark in the country. Touching 108 metres in height, the Buddha is made up of 1,872 metric tonnes of copper and iron and is currently the world's tallest bronze seated Buddha.

"Taiwan is blessed with natural beauty, scenic areas, great food, astonishing history and culture -- and Taipei 101. This makes it a great destination. It is a destination for all age groups," said Saxena.

The country is home to only about 20 million people and is a technology powerhouse. This was quite evident even at the traditional Lantern Festival - held earlier this month -- where all the work displayed was high-tech.

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