Earlier this month, Sebi Chairperson Madhabi Puri Buch said the...
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Road crash deaths down by 5% globally, numbers in India continue to rise: WHO
Nine in 10 deaths occurred in low and middle-income countries, and...
India’s doctor-population ratio 1:834: Minister
According to the National Medical Commission (NMC), there are...
Flooded toilets, dirty sheets: South Asia quarantine centres worry experts
As the number of coronavirus cases in South Asia ramps up – doubling to more than 500 in the last few days – experts fear unsanitary testing and quarantine centres could present a problem in the densely populated region.
Beijing hit by record imported coronavirus cases,claims zero China transmissions
In recent days, China has increasingly focused its counter-epidemic efforts on inbound travellers as the coronavirus rapidly expanded its global footprint, raising the prospect of a second wave of infections arriving from abroad.
COVID-19: What companies are missing?
Policy making at many companies is scattershot,especially at those that haven’t yet seen the coronavirus directly. Many, such as professionalservices and tech companies, lean very conservative: their protection mechanisms often add to a perception of safety without actually keeping people safer.
IFRS 17 to be implemented from Jan 1st, 2023:IASB
“We encourage companies to continue to press forward at current pace and use this additional time to strengthen their processes and procedures as well as allow for more testing, dry runs and contingencies. We also believe a shared effective implementation date for IFRS 17 and IFRS 9 will avoid temporary earnings mismatches that would otherwise exist and reduce implementation costs,” said Ralph Ovsec, Senior Director at insurance and reinsurance broker Willis Towers Watson.
Sensex, Nifty tumble over 5% as coronavirus fears grow
The Nifty slipped below 8,500 to hit a fresh 3-year low but pared some losses to close 5.5% lower at 8,468.80. The benchmark Sensex tumbled 5.59% to 28,869.
Coronavirus pandemic | Export sector starts feeling pinch of COVID-19: FIEO
“Coronavirus has hitherto not impacted the Indian economy yet export sector has started feeling the pinch with many requests from buyers to hold back shipments till further instructions. We feel that a significant number of such requests may eventually lead to cancellation of orders,” it said.
Checking Coronavirus: ADB announces $6.5 bn package for developing member countries
“This pandemic has become a major global crisis. It requires forceful action at national, regional, and global levels,” ADB President Masatsugu Asakawa said.
“With our developing member countries, we are formulating an aggressive set of actions to combat the pandemic; to protect the poor, the vulnerable, and wider populations across the region; and to ensure economies will rebound as swiftly as possible.”
Stunned world grapples with ‘once-in-100-year’ coronavirus battle
“We have never lived through anything like this,” Spain’s Prime Minister Pedro Sanchez told a parliament chamber nearly empty with more than 90% of lawmakers staying away and a masked and gloved cleaner wiping handrails between speeches.
There was particular alarm in Italy, which has experienced an unusually high death rate – 2,503 from 31,506 cases – and was calling on student and retired doctors to help an overwhelmed health service.
Sensex plummets over 2,100 pts; Nifty drops below 7,900
India has reported 169 cases of Covid-19 till now, as per government figures. A case of community transmission in Tamil Nadu indicated the numbers could go much higher.After sinking over 2,152 points, the BSE barometer was trading 1812.19 points or 6.28 per cent lower at 27,057.32 at 0930 hours.
India mulls up to $1.6 billion rescue plan for aviation sector after coronavirus – sources
The coronavirus has infected over 200,000 people and caused nearly 8,500 deaths in 164 nations, triggering emergency lockdowns and injections of cash unseen since World War Two. In India more than 150 people have been infected and three have died.