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FPIs pull out record Rs 1.1 trn in March, highest withdrawal ever

by | Apr 5, 2020 | , ,

Terming the fund outflow as “unparalleled”, Himanshu Srivastava, senior analyst manager research, Morningstar India, said that with fear over the degree of impact that Covid-19 could leave on the global economy, foreign investors stormed out of the emerging markets, with India among the worst hit.

“The intensity of the situation could be gauged from the fact that even during the financial crisis of 2008, FPIs sold net assets worth $9.3 billion in the Indian markets while in March 2020, they have been net sellers to the tune of USD 16.5 billion,” he added.

Covid-19 cases doubling every 4.1 days due to Jamaat incident, says Govt

by | Apr 5, 2020 | , , ,

a PTI tally of figures reported by states directly showed at least 106 deaths, while the number of confirmed cases had reached 3,624. Of the total, 284 have been cured and discharged.

Asserting that there was no evidence that COVID-19 was airborne, an ICMR official said, “We need to understand that in science whoever does experiments some will have a ‘for opinion and some against’ but we need to take a balanced, evidence-based approach.

Formulate plan to contain Covid-19 spread: Cabinet Secy to states, UTs

by | Apr 5, 2020 | , , ,

The lockdown period provides the country a window of opportunities to act positively and be prepared to face any eventuality, Gauba told chief secretaries of all states and UTs through video conference.

“Next few days will be very important for all and we need to sustain our containment efforts and utilize all available resources as per the requirement,” he said.

Caronavirus Pandemic: After the virus, what world will we live in?

by | Apr 5, 2020 | , , ,

“The potential for widespread social unrest in countries that have not provided a social safety net for those losing their jobs during this crisis strikes me as very real, with possible repercussions for governance and more” said Joshua Geltzer, visiting professor of law at Georgetown University.
Countries like Russia and Turkey, led by the same strongmen for two decades, will be hoping that their measures will be enough to spare them the worst of the virus and any political consequences.

Coronavirus Pandemic: Short-term closure of plants or premises can pose risks for companies:AGCS Study

by | Apr 5, 2020 | , , , , , , ,

“We already see a number of losses that occur on holidays or weekends when employees are not largely present on sites or premises,” says Ralf Dumke, Regional Head of Risk Consulting Property, AGCS Central & Eastern Europe: “The production and operating shutdowns currently being caused by the coronavirus pandemic can also bring increasing hazards for businesses.

Caronavirus Pandemic:“Wimbledon”cancellation trigger £100 million insurance claims

by | Apr 4, 2020 | , , ,

“We’re fortunate to have the insurance and it helps,” The Guardian quoted AELTC chief executive Richard Lewis as saying on Thursday. “The insurers, the brokers, and everybody involved have been excellent to work with so far, but there’s still a lot of work to do.”

Outgoing chief executive Lewis revealed a virus clause was put into the All England Club’s insurance policy in 2003 due to fears over the scale of the SARS disease

Caronavirus Pandemic:30% infections linked to Tablighi centre,death toll nears 100-mark

by | Apr 4, 2020 | , , ,

Sharing the age-group analysis of COVID-19 patients, Agarwal said the maximum 42 per cent are of 21-40 years, 33 per cent of 41-60 years, 17 per cent are above 60 years and 9 per cent are of 0-20 years.

The elderly people and those with other medical complications are said to be at higher risk in this pandemic. In Delhi also, five of the six COVID-19 patients who have died were above 60.