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One third of humanity under virus lockdown
China, where the new virus emerged last year, loosened tough rules on the 50 million people in Hubei province on Wednesday after a months-long lockdown as the country reported no new domestic cases.
The provincial capital Wuhan — the ground zero of the outbreak after it was initially detected at a market that sold wild animals for human consumption — will allow residents to leave from April 8.
China reports 47 new imported cases, Covid-19 epicentre Wuhan resumes bus services
However, the prolonged lockdown of Hubei’s capital Wuhan will end on April 8, lifting the mass quarantine over the city with a population of over 11 million.
Govt likely to unveil Rs 1.5 trn stimulus for coronavirus downturn: Report
The package, which could be announced by the end of the week, will be used to put money directly into the accounts of more than 100 million poor and to support businesses hit the hardest by the lockdown, the sources said.
Food, medicine shops will remain open throughout 21-day lockdown: Govt
Addressing the media about the decisions taken by the Union Cabinet, he said the Centre and the state governments are working together to effectively implement the lockdown and ensure people do not suffer.
Indian aviation sector may incur $3.3-3.6 billion loss in June quarter: CAPA India
“However, it has ensured that aviation will be seriously impacted by COVID-19. The April-June quarter, traditionally one of the stronger quarters of the year for Indian airlines, is increasingly looking like it will be a washout,” the report said.
Olympics delay, not cancellation, provides reprieve for insurers
“Cancellation insurance usually includes postponement as standard,” said Tim Thornhill, sales director, entertainment and sport, at Lloyd’s of London broker Tysers, who also said this might not always be the case.
UK, U.S. Banks and regulators warn of wave of Coronavirus scams
In the United States, lenders including United Bank, Citizens Bank, and Fifth Third Bank are alerting customers to fraud-related schemes and encouraging them to protect their personal information. Northwest Bank is also providing customers with information and tools to help spot tactics aimed at obtaining customer financial information.
Caronavirus Pandemic:India’s total no of cases rise to 562,death toll at 11
Meanwhile,Pune-based Mylab Discovery Solutions is the first Indian company to receive commercial approval for its novel coronavirus, or COVID-19, testing kits.The testing kit has been approved by the Indian FDA/Central Drugs Standard Control Organisation (CDSCO), the molecular diagnostics company said in a release.
One unit of the Mylab PathoDetect COVID-19 Qualitative PCR kit can test 1oo patients. The company said it can manufacture 1 lakh test kits a week, but can ramp up production if required.
Federal officials reach deal on $2 trillion aid package
The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a USD 367 billion program for small businesses to keep making payroll while workers are forced to stay home.
Govt monitoring availability of essential commodities in market: Paswan
-There are about 75 crore beneficiaries under the Public Distribution System (PDS),
-As of now, the government has surplus foodgrains of 435 lakh tonnes, out of which 272.19 lakh tonnes are rice and 162.79 lakh tonnes are wheat, as per the government data.