safe

Booking Holdings CEO says a coronavirus vaccine is needed to make travelers feel safe again

Even as economies start to reopen, Booking Holdings CEO Glenn Fogel said the travel industry will take years to recover to pre-coronavirus levels.




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Singapore minister says safeguards in migrant dormitories 'not sufficient' during coronavirus outbreak

Singapore learned from the coronavirus pandemic that its migrant workers' dormitories need redesigning to prevent future outbreaks, says Lawrence Wong, second minister for finance, who is also co-chair of the country's Covid-19 task force.




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Mark Cuban: Texas reopening 'more show than go,' small business needs more help to do it safely

"There's all these downstream issues that really haven't been addressed yet," the Dallas Mavericks owner and "Shark Tank" investor told CNBC on Friday.




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Georgia small business owner: We won't be reopening yet, as it's too early and unsafe

Vince Villavalzo, owner of the Mystic Owl tattoo parlor in the Atlanta metro area, discusses his decision not to reopen his business, even as the state of Georgia attempts to reopen some of its economy.




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Plans to reopen US economy must 'talk about worker safety,' says AFL-CIO president

"If they don't feel safe, they're not going to go back to work,"AFL-CIO president Richard Trumka told CNBC.




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States are reopening, but is it safe or smart?

Cameron Wolfe, an infectious disease specialist at Duke University Medical School, weighs in on states reopening while the coronavirus pandemic is still taking lives.




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Protecting health and safety of citizens must come first, Spanish minister says

Spanish Minister of Foreign Affairs, the European Union and Cooperation Arancha Gonzalez discusses Spain's current state of emergency.




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Op-ed: Don't ruin the Fed's great work by rushing economy back before it's safe

A rush to open the economy could cause a second wave of infections, even as the Corona curve is flattening and possibly rolling over.




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Retailers face new task of keeping customers safe as stores reopen

CNBC's Courtney Reagan reports on the task many retailers now face: keeping customers safe once stores are open.




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Richard Trumka: If people don't feel safe, they won't return to work

Richard Trumka, President of the AFL-CIO, joins "Closing Bell" to discuss reopening the economy.




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Parents asking if it's safe to open summer camps

Jonathan Gold, CEO of Arbor Group of Day Camps, and Ruben Arquilevich, VP of the Union of Reform Judaism Camps, join "Closing Bell" to discuss their decisions on summer camps.




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Safeguard your advertising business

This post is the third in a series exploring several of Ad Manager’s key features and how they help our publisher partners maximize their ad revenue. To learn more, see posts one and two which were published in March.

Protecting users from bad ads and malicious actors is key to a healthy revenue stream. Things like inappropriate creative, counterfeit inventory, and malware not only divert revenue from you, but also alienate your users, and degrade the online experience in general.


Some people respond by installing ad blockers, which prevent ads—all ads, good and bad—from appearing. When this happens, every publisher pays the price, as it means they earn less money from the free content we all enjoy. For advertisers who create good ads, these obstacles make it tougher to connect with customers. And for consumers, it means they’ll see less useful ads.


Google Ad Manager helps power our partners’ digital advertising businesses, including helping to combat ad fraud and bad ads. Here are three ways we're working to protect your business and the broader ecosystem from bad ads and invalid activity:


We continuously invest in our defenses against ad fraud

By using a combination of people, policies, and technology, our global team of subject matter experts, PhDs, and engineers have fine-tuned our ad systems policies to provide clear guidance on what is and is not acceptable. To date the team has launched over 200 automated filters that help defend our ad systems from invalid activity in a lasting way. 

One of the ways we did this in 2019 was by investing in new technology to better identify policy-violating behavior at the account level, as opposed to the ad level. Our efforts resulted in 2.7 billion bad ads being taken down in 2019—more than 5,000 bad ads per minute—and the termination of 1.5 million advertiser accounts for violations, 3x more than in 2018.

We develop tools to help you manage which ads are shown on your properties 

We provide and develop new tools to help you manage and control which ads are shown across your sites and apps. Pricing rules and blocking options provide granular control over your inventory before the auction process. Features like the Ad review center help you review individual ads after they've been shown to decide whether you continue to show them, block them, or report them in real-time.


Ad review center

We also understand that sometimes people make honest mistakes when setting up their ads businesses, so we’ve developed solutions like the App Policy Center to help you easily review and monitor policy violations or appeals you may have. The App Policy Center was designed to provide greater insight into our policy enforcement process and help reduce the risk of potential revenue loss.


App policy center

We support industry initiatives

We invest in industry initiatives to help tackle bad ads for everyone in the ads ecosystem. Here are three key initiatives that we invested in and continue to support to help prevent bad ads.

  • Ads.txt and app-ads.txt: These projects are aimed at preventing counterfeit inventory, which diverts revenue from publishers. They allow Ad tech companies to identify unauthorized and domain-spoofed inventory being sold across the industry by letting website owners publicly declare who is allowed to sell their ad space. We scan more than 30 million domains a day and are proud to say that nearly 90 percent of our publisher partners have adopted ads.txt.
  • The Better Ads Standards: These standards are based on extensive user research conducted by the Coalition for Better Ads about which ad formats and ad experiences consumers think are the most annoying and disruptive. They’ve identified 4 desktop and 8 mobile web display ad experiences that companies should avoid in order to maintain a good user experience, and help create a better online environment for everyone.
  • Open Measurement: This software development kit (SDK) is an industry-wide solution to the challenge of measuring viewability of ads in apps. We offer our partners access to the Open Measurement Initiative by integrating the SDK into our mobile ads products. This preserves your revenue stream by ensuring your inventory is considered for purchase.

The Ad Manager team is constantly working to develop and improve ad policies and protective solutions like those mentioned above. When we protect our publishers, we help ensure the entire advertising ecosystem is as healthy as possible, and everyone benefits.

To learn more about how Ad Manager can help you manage, protect, and grow your advertising business, visit our new feature brief archive in the resources section of our website. And keep an eye out for our next post, "Deliver the best ad experience every time".



  • Google Ad Manager

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May Day People's Strike! Target, Amazon, Instacart Workers Demand Safe Conditions & Pandemic Relief

This May Day, an unprecedented coalition of essential workers from Amazon, Instacart, Whole Foods, Walmart, Target and FedEx are calling out sick or walking out during their lunch break to demand better health and safety conditions, along with hazard pay. Others are joining them for May Day actions that include rent strikes, car caravan protests and online organizing calling for a "People's Bailout" and economic recovery plan that prioritizes workers. We speak with Kali Akuno, co-founder and co-director of Cooperation Jackson, which issued a call for a people's strike starting May 1. "The corporations and the government are willing to sacrifice tens of thousands of us," Akuno says. "We have to put people before profits."




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"It's Very Scary": COVID Surges in Meat Plants as Activists Demand Worker Safety & Meatless Mondays

At least 20 workers at meat processing plants have died from COVID-19, and around 5,000 have tested positive, but President Trump invoked an executive order to bar local governments from closing meat plants. We hear from meat plant workers and organizers about conditions during the pandemic and speak with Sindy Benavides, CEO of the League of United Latin American Citizens, which is supporting the workers with a virtual town hall on food worker safety with presumptive Democratic presidential candidate Joe Biden and calling for Meatless May Mondays.




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As States Loosen Pandemic Restrictions, Dr. Leana Wen Warns "We Are Not Ready for a Safe Reopening"

As more than 40 states begin to reopen, President Trump is downplaying the need for mass COVID-19 testing, even as he himself is now being tested every day for the virus. We speak with emergency physician Dr. Leana Wen, who says, "Widespread testing is so critical. … Why shouldn't this testing be available to all Americans?"




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China's new spaceship returns safely to Earth

China's new prototype spacecraft "successfully landed" on Friday, marking an important step in its ambitions to run a permanent space station and send astronauts to the moon.




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not safe for work

Today on Toothpaste For Dinner: not safe for work




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The coronavirus murals trying to keep Kenya’s slums safe – video

A street artist called Msale has taken it upon himself to create giant murals bringing public health messages directly to the overcrowded Mathare slum in Nairobi. With half a million people living in such 'a squeezed area'  social distancing is quite impossible to achieve, says Msale, so he is providing information for people on how to keep safe in the 'simplest, clearest' way he knows

Continue reading...




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Plan to open schools on 1 June in doubt as unions air safety fears

Joint statement insists return will not happen until stringent ‘test and trace’ regime in place

Ministers’ plans to reopen schools as early as 1 June are in serious doubt after unions representing teachers and school staff insisted that they would not consider a return without a stringent coronavirus “test and trace” regime.

In an unusual joint statement, which one senior union official said indicated that an early return to a normal school timetable was “off the menu”, the Trades Union Congress said that there should be “no increase in pupil numbers until full rollout of a national test and trace scheme”, and called for the establishment of a Covid-19 taskforce with government, unions and others to agree on the safe reopening of schools.

Continue reading...




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When bears practice traffic safety




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Friday Polynews Roundup — Safer sex in the pandemic. Move a metamour in for the duration? Skills for bottled-together partners, and more.





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You Touch Public Surfaces All Day. Here's How to Stay Safe From Coronavirus.

From the moment COVID-19 started spreading in the U.S., you probably heard recommendations to wash your hands after contact with what are called high-touch surfaces: elevator buttons, public fauc...





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Coronavirus: Sir Keir Starmer calls for new workplace safety standards

Sir Keir Starmer urges politicians, employers and unions to work together to address public "anxiety".




safe

Coronavirus: How does contact tracing work and is my data safe?

Millions in the UK will soon be asked to download an app that helps to limit coronavirus spreading.




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Coronavirus: Will offices be safe for a return to work?

Here's a look at some of the technology that might help monitor the health of employees.




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Coronavirus: Key safeguards needed for schools to reopen - unions

Education unions say they want scientific evidence it is safe for teachers and pupils to return.




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Coronavirus outbreak: Police department rolls out 10-point strategy to keep ranks safe

After the death of three police constables within 48 hours, the police have rolled out a 10-point strategy to tackle the COVID-19 infection in its force that comprises around 45,000 personnel — both constables and officers. Apart from resting its senior members and changing duty patterns, the police have now begun administering Hydroxychloroquine (HCQ) to cops along with multivitamin tablets. Provisions will also be made for stay and nutritional food for cops till the lockdown lasts.

This will go on till the lockdown lasts. Ever since the pandemic broke out, senior cops have been given desk jobs but the infection spread among a few policemen and their family members.

Also Read: Exclusive: After Third Cop Dies Of COVID-19, Mumbai Police Sends Personnel Above 55 On Leave

"Our personnel are risking their lives to protect the city. Keeping their personal health and immunity strong has been a major priority for us," DCP (PRO) Pranay Ashok told mid-day, adding, "We have initiated a strategy to tackle it."

Accordingly, all cops above 55 years of age have been asked to stay at home, cops above 52 years of age with previous medical conditions have also been asked to stay home. The duty hours will also be changed from 8-hour shifts to 12-hour shifts and giving cops 24 hours off after that.

Around 12,000 cops will soon be administered with HCQ under medical supervision. Multivitamin tablets and protein supplements too will be given to 20,000 cops to strengthen their immunity.

Apart from this, police personnel will have the following special services:

1. Designated hospitals and dedicated beds in all COVID hospitals.

2. COVID Helpline number for personnel and families at the control room to resolve any doubts or issues.

3. Adequate number of PPEs, face masks, hand-sanitisers, gloves, face shields.

4. Amenities like food packets, ration, hot water flasks, pandals at checkpoints

5. Accommodation facilities

6. '50 lakh ex-gratia amount to all personnel who lose their lives fighting COVID (by the government).

12,000
No. of cops who will soon be administered with HCQ under medical supervision

Catch up on all the latest Mumbai news, crime news, current affairs, and a complete guide from food to things to do and events across Mumbai. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Coronavirus Outbreak: Wondering which is the safest city in the world? Mumbai Police answers

Amid the rising number of coronavirus cases, Mumbai Police, who are well known for their witty memes and inspirational posts make sure to educate and entertain the citizens. After taking inspiration from Bollywood films, the Mumbai police have now turned towards web series and their latest tweet is proof enough!

 
 
 
View this post on Instagram

When asked to choose the safest city... #ShotsOfSafetyPlease #MumbaiFirst #SafetyFirst #aayamumbaipolice

A post shared by Mumbai Police (@mumbaipolice) onApr 28, 2020 at 3:44am PDT

Using a short clip from one of the popular web series, Mumbai Police proved why the city that never sleeps is the safest city in the world. Posing an indirect question to netizens as to which is the safest city across the globe, the clip from the web series gives a picture-perfect answer.

In the four seconds video clip, actors Sayani Gupta and Prateik Babbar can be seen sitting on a yacht and enjoying quiet time while sailing in the Arabian Sea amid the backdrop of the Gateway of India and the Taj Mahal Palace. It is during the conversation that the two can be seen talking about Mumbai (then Bombay).

While sharing the scene from the web series, Mumbai Police tweeted: When asked to choose the safest city. "I would choose Bombay over any other city in the world, any day," says Sayani. To which Prateik nods in agreement. Mumbai Police also came up with their own hashtags that read: #ShotsOfSafetyPlease #MumbaiFirst #SafetyFirst #aayamumbaipolice.

Since the time it was shared on Instagram with their 75,000 followers, the video has garnered over 60,000 views and counting. The video touched the hearts of thousands of Mumbaikars who heaped praises on the Mumbai Police for their selfless service to the city amid the COVID-19 crisis.

One user wrote, "We are proud of you all for the sacrifices you and your families are doing to enforce the lockdown," while another user said that Bombay is safest and coolest city in India. A third user commented, "Bombay over anyplace...anyone...anything. Home ! Another user lauded Mumbai Police for keeping the city safe at all times. The user said, Hands down Mumbai. Over any other city. Be it safety or be it night life, when Mumbai Police is here, why fear!

Catch up on all the latest Mumbai news, crime news, current affairs, and a complete guide from food to things to do and events across Mumbai. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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COVID-19 in Mumbai: Businessman's OPD cabin keeps doctors safe from infection

While many doctors have been complaining about the non-availability of safety equipment when they examine COVID-19 patients, a businessman has come to their aid by creating a cabin for such examinations, where they need not use PPEs.

The 38-year-old Vile Parle-based man has created an 'OPD' cabin that is divided into two sections for the doctor and patient. The doctor can examine the patient without using a mask or PPE as she/he does not come into direct contact with the patient, and can immediately sanitise the cabin after this. The businessman, Jatin Shah, gave one of the cabins free of cost to the Balasaheb Thackeray Trauma Care Centre at Jogeshwari last week, and every day doctors examine at least a 100 people in it.

Shah is involved with the aluminum industry and has used the material and glass to make the cabin. He has also donated 40 cabins to the Maharashtra, Goa and Karnataka governments to examine people at the states' borders.

Shah said, "I saw many videos on social media about the challenges doctors have been facing while treating COVID-19 patients. So I decided to invent something that would help them. Within two days I created this cabin and gave it to the Jogeshwari-based trauma care centre free of cost with the help of an NGO."


Jatin Shah, the businessman

Shah said, "At the borders, 4-6 hours after testing when the report comes, if a traveller is found to be COVID-19 positive, doctors send her/him to hospital and if any patient is found negative, she/he is allowed to enter the state. I took the help of Wipro general electric, which finalised the design of this cabin and asked the Seva trust in Mumbai to contact the hospital and get the cabin approved," Shah added.

Doctor speak

"The cabin is really useful. We sent our four labourers to Shah's factory to help him construct this cabin. We also issued a letter to him from hospital superintendent Vidhya Mane. Within two days he manufactured it and gave it to us," said Dr Rangnath Jawhar of Balasaheb Thackeray Trauma Care Centre.

Features of the cabin

The cabin is 8X4 ft and divided into two spaces separated by glass. One section is used by the doctor and the other by the patient. Screening equipment including a digital thermometer and a fever gun kept inside. Both sides have a mike and speaker. A 20 lt tank stores disinfectant which gets sprayed inside

Catch up on all the latest Mumbai news, crime news, current affairs, and a complete guide from food to things to do and events across Mumbai. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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BMC workers also want safe accommodation

After requests by MMR municipal corporations and councils to the BMC to provide accommodation in Mumbai to those travelling there every day for essential services fell on deaf ears, employees' unions have demanded that all frontline warriors be treated equally.

Advocate Prakash Devdas, Convener of All Municipal Unions Coordination Committee said, "BMC has to give equal treatment to all frontline warriors. Some of the security guards are staying in a godown with just one toilet for 20 people. BMC asked sweepers to stay in schools without adequate facilities. Workers need accommodation with facilities."

Almost 60-70 per cent of the cases in MMR include people who travel to Mumbai for work, or their contacts. While the BMC has made arrangements for the stay of health and water supply staff, it has not yet agreed to MMR's appeals for accommodation for around 55,000 others.

The Municipal Union General Secretary Ramakant Bane pointed out that the workers spend more than four hours travelling to work every day. "Many workers, especially labourers stay in small houses outside the city have been requesting the civic body for accommodation, but the corporation is turning a blind eye. However, there are a few employees who need to go back home every day," Bane said.

Of the one lakh employees reporting to work since the BMC issued 100 per cent attendance directive, around 50-55,000 live outside city limits. Then, there are those who work in private sectors like hospitals, laboratories, banks, etc. MMR, which includes Thane, Thane Rural, Navi Mumbai, Kalyan-Dombivli, Ulhasnagar, Bhiwandi-Nizampur, Mira-Bhayandar, Palghar and Vasai-Virar, collectively has 1,596 patients — 16 per cent of that in Mumbai.

Mira-Bhayandar Municipal Corporation Commissioner Chandrakant Dange told mid-day, "Out of 190 confirmed patients, almost 100 either work in Mumbai or are their close contacts. As of now, Mira-Bhayandar city has 71 active patients and only 21 of them don't have a link to Mumbai. Maximum patients are related to health professionals, and there are private hospital staff too."

Dange said they expressed their concerns in a letter to the private hospitals where 36 residents work, but didn't get any response. He said the situation is worsening and he will send a letter to the BMC as well.

"It takes nearly three hours to reach office. We have to wait for the bus, which then makes rounds to pick up other employees. But, at least we eat homemade food and go back to our children at night," said one of the BMC employees.

SJ Kunte, deputed for COVID-19 work in rest of MMR, pointed out that no is forced to stay in Mumbai. "There isn't any travel ban on residents in MMR who go to Mumbai for essential services. But it is important to control the virus transmission by restricting travel and if the BMC can arrange the duties of essential staff in a way that they can stay back home for 10-15 days and work in the city on other days it will help to reduce the number of COVID-19 patients in other corporations," said.

"We have provided accommodation in some of hotels for staff related to essential services, like doctors, nurses, etc. But there is a limitation and it is hard to provide the facility to all the employees," said a senior BMC official.

No. of COVID-19 patients (as on May 5)

Mumbai: 9,945
Thane Rural: 82
Thane: 466
Navi Mumbai: 415
Kalyan-Dombivli: 227
Ulhasnagar: 12
Bhiwandi-Nizampur: 20
Mira-Bhayandar: 182
Palghar: 31
Vasai-Virar: 161

Catch up on all the latest Mumbai news, crime news, current affairs, and a complete guide from food to things to do and events across Mumbai. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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A Safe Stock to Lockdown Now

Posted by Equitymaster
      

The market crashc has made strong, established brands attractive. Here's a stock to make the most of this opportunity...... [Read On]




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Jackky Bhagnani says 'safety first', commits to completely sanitized film set

Even as Lockdown 3.0 has been implemented, it is clear that the Govt is keen to get the economy back on track. Jackky Bhagnani commits to a completely sanitized film set to ensure the safety and health of its cast and crew whenever film shoot is allowed by the Govt after the lockdown is completely over.

Veteran producer Vashu Bhagnani believes that the new normal is here to stay and the sooner the fraternity readies itself for change, the better. "The film industry has come to a halt, whether in India or outside. Yes, parts of the world are showing signs of recovery from the virus and while India has done remarkably well to flatten the curve and keep fatalities low, we must now get ready to be back on the set. As and when the lockdown is lifted, we want to be in a position to resume work immediately. But this resumption will be as per health guidelines stipulated by the Govt. We don't want to take any chances."

Some of the ground rules Jackky Bhagnani is mulling include using larger tents with portable ACs for shooting, limiting people on the sets, sanitizing all common areas, making masks and gloves compulsory for all staff, continuously disinfecting equipment, medical assistance on the sets at all times among other things.

Jackky Bhagnani says that it is imperative that stringent measures are put in place. "If there is one thing the lockdown has taught us it is to value human life and our health. Nothing comes before that. Every person on the set will be looked after and given the same attention. We are also mulling closed door studios for those of our films that will go on the floors immediately. While it is available abroad, we need to see if the same can be replicated in India."

Deepshikha Deshmukh adds, "It is only natural that we take care of the team who are our family and ensure their safety while on the sets. I am quite sure we are not alone in realizing the first big lesson from this lockdown - health comes first. Every parameter will be double-checked before the cameras start rolling."

Pooja Entertainment has a slew of movies on its roster. From Coolie No 1 starring Varun Dhawan and Sara Ali Khan which is complete and ready for release; it is also going to go on the floors with Bell Bottom with Akshay Kumar. There are many other projects that the production house is waiting to announce. With so much in store for the production house, prompting a set of guidelines in the current pandemic is not only vital but also judicious. Echoing the words of the Prime Minister, the founder of the ace production house, Vashu Bhagnani says, 'Jaan hai toh Jahan Hai' - perhaps indicating the thought process behind the charter.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Coronavirus outbreak: Zoom app not safe, avoid for official use, says Ministry of Home Affairs

The well-known Zoom video conferencing app for meetings is not a safe platform, the Cyber Coordination Centre (CCC) of the Ministry of Home Affairs has warned in an advisory issued last week.

In the advisory, issued on April 12, it is mentioned that "secure use of Zoom meeting platform is for private individuals and not for use of government offices or official purposes". The government said that CERT-In on the same lines had been informed on February 6 and March 30 this year clarifying that "Zoom is not a safe platform".

In a set of guidelines for the safety of private users, the CCC division of the MHA mentioned that "those private individuals who still would like to use Zoom for private purposes" should follow certain guidelines like prevention of unauthorised entry in conference room and unauthorised participants to carry out malicious activity on terminals of others in the conference. The advisory also suggested to "avoid 'DOS' attacks by restricting users through passwords and access grant".

Zoom app has apparently become a favourite and famous tool among people during the lockdown and it is being used by schools and many private players. "Most of the settings can be done by logging into users zoom account at website, or installed application at PC/Laptop/Phone and also during conduct of conference," the guidelines from MHA mentions.

Officials in the Home Ministry told IANS that the app has some specific weaknesses so it is necessary to avoid its use for official purposes as it can encrypt meeting data.

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

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Keeping children safe in stressful times

A free parenting programme based on EU-funded research has won a 2019 Horizon Impact Award for its success in helping families to avoid child abuse in low-and middle-income countries. Now parents everywhere can access online tips to cope with COVID-19 lockdown life.




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Will Change in Valuation Norms Make Investing in Debt Mutual Funds Safe?

Posted by Equitymaster
      

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.

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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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Mumbai based experts list tips to eat safe during summer



Food tends to spoil more quickly during the summer. It is important to pay extra attention to your food and look for unusual odour and mould before consuming it, say experts. Indrayani Pawar, team leader, dietitian team, Hinduja Healthcare Surgical and Varsha Gorey, clinical nutritionist, Apollo Hospitals, Navi Mumbai, suggest some tips:

1. Which foods spoil quickly
Foods with high moisture content and protein-based foods are easy targets for micro-organisms. Milk and milk products, raw and cooked meats and vegetables are more prone to spoilage compared to dry food items. Foods that are high in sugar, or salt or with high fat or oil content in contrast don't spoil quickly because these act as preservative agents.

Storage becomes important here - low temperatures serve to preserve these food items. One must ensure food is not kept outside for long periods of time.

2. How to identify bad food?
Spoilt food has a telling smell. Quite often, food items that look fine on the outside have mould or fungus growing inside which people don't notice. It is always better to check the food for any unusual odours and open the food item to check for unusual signs, such as stringy threadlike growth. Dairy based Indian sweets are more likely to spoil quickly compared to dry fruit and nuts based, pulse and flour based or dry coconut based sweets.

3. Eating well during the summer
Seasonal fruits and vegetables are always the best option in their respective seasons. In order to quench thirst in summer, fresh fruits and vegetables should be consumed (as they are also good in antioxidants, vitamins and minerals). Smoothies with curds, or simple buttermilk are better options than fizzy or cold drinks. Curd will help to soothe the stomach by providing probiotics and easy to digest proteins.

4. Eat safe while traveling this summer
If you're travelling long distances during the summer, it is best to carry dry foods. Nuts and oil seeds, roasted chiwdas, roasted makhana, multigrain khakaras and chikki are some examples. Kokum sherbet, aam panha, nimbu pani, buttermilk and lassi are also great for the summer.

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Hundreds prefer 'liberty' over safety

More and more people, most of them without masks, flooded the streets of Washington on Sunday to protest against the stay-at-home order imposed to contain the spread of the novel Coronavirus (COVID-19) outbreak.

Donald Trump once again supported the protesters, saying that the people want to get back to work. The Trump administration said parts of the nation are ready to begin a gradual return to normalcy. Yet some state leaders say their response to the pandemic is hindered by a woefully inadequate federal response.

People are "allowed to protest. Some governors have gone too far, some of the things that happened are maybe not so appropriate," he said on Sunday. "Look. They call it cabin fever — they've got cabin fever. … Their life was taken away from them," the Washington Post quoted Trump as saying. He added, "These people love our country. They want to get back to work."

According to Reuters, around 2,500 people gathered at Washington state capitol in Olympia to demonstrate against Democratic Governor Jay Inslee's lockdown order. "Shutting down businesses by picking winners and losers in which there are essential and non-essential are violations of the state and federal constitution," rally organiser Tyler Miller, 39, told Reuters. Hundreds took to the streets in Denver.

Trump also announced that he would be using the Defence Production Act to compel increased manufacturing of testing swabs — one of several products governors have been begging him to help them acquire. White House officials will also be holding a call on Monday with the governors to help walk them through where to find supplies, he said.

Trump also remained defensive, however, vowing that there were enough swabs to go around. "Swabs are easy," the president said, bringing one to his news briefing. That came hours after Washington state's Democratic governor, Jay Inslee, accused Trump of encouraging insubordination and "illegal activity" by goading protesters who flouted lockdowm rules his own administration has encouraged.

"To have an US president to encourage people to violate the law, I can't remember any time during my time in America where we have seen such a thing," Inslee told ABC's "This Week.'' He said it was "dangerous because it can inspire people to ignore things that actually can save their lives." Trump supporters in several states have ignored social distancing and stay-at-home orders, gathering to demand that governors lift controls on public activity.

Israel sees spike in anti-Semitic sentiments

Israeli researchers said on Monday that the pandemic has sparked a rise in anti-Semitic expression blaming Jews for the spread of the virus and the economic recession. The annual report by Tel Aviv University researchers shows 18 per cent spike in attacks against Jews last year. It warns that the pandemic has threatened to amp up incitement even more. The researchers said the hatred has come from sources as varied as right-wing European politicians, ultra-conservative American pastors, anti-Zionist intellectuals and Iranian state authorities.

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Research Headlines - Keeping children safe in stressful times

[Source: Research & Innovation] A free parenting programme based on EU-funded research has won a 2019 Horizon Impact Award for its success in helping families to avoid child abuse in low-and middle-income countries. Now parents everywhere can access online tips to cope with COVID-19 lockdown life.




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Space-grown Lettuce is Safe to Eat

Astronauts in space live on processed, pre-packaged space rations such as fruits, nuts, chocolate, shrimp cocktails, peanut butter, chicken, and beef to name a few.