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Japan: Achieving one of the world’s lowest Covid-19 death rates
A core pillar supporting the low death rate was the underlying good...
Co-WIN platform will be used for transparent organ, blood donation says Dr RS Sharma
"Nobody knows if there is any person nearby who can donate the...
India’s huge outsourcing industry struggles with work-from-home scenario
“The industry has been scrambling to set up its own business continuity plan,” said R. Chandrashekhar, a retired federal government official and a former president of India’s IT services lobby group, NASSCOM.
Life insurers keep faith in India stocks amid coronavirus mayhem
“The fair value of a quality stock doesn’t change due to a few quarters of earnings downgrades,” said Saibal Ghosh, chief investment officer at Aegon Life Insurance. “At such attractive valuations, this is where we would like to bet our money,” he said.
Coronavirus Pandemic: Experts peg lockdown cost at $ 120 billion
“We estimate that the cumulative shutdown cost around USD120 billion or 4 per cent of the gross domestic product (GDP),” British brokerage Barclays said in a note, revising down its FY21 growth forecast by 1.7 percentage points to 3.5 per cent.
It specified the cost of the three-week nationwide lockdown to be alone at USD 90 billion, which is over and above the lockdowns announced by various states like Maharashtra earlier.
China’s symptom-free coronavirus carriers raise fears of new wave of infections
Despite recording zero new infections from March 18 to March 22, the COVID-19 hotspot city of Wuhan disclosed on March 20 that one newly diagnosed case was not included in the official data because the patient, a 62-year old man surnamed Zhang had shown no symptoms.
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.