'We know, from our experience of this virus, that there's something known as long COVID-19, where you have this persistent fatigue and some people have lost their neurological acuteness and they are not as sharp as they used to be.'
Formula One's August shutdown will be brought forward and extended to a mandatory 21 successive days in March and April as a result of the coronavirus outbreak, the governing body FIA said on Wednesday. The 2020 race calendar has already been suspended, with last weekend's Australian season opener in Melbourne cancelled and the next three races at least postponed. The sport hopes to race again at the end of May.
While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
Undeterred by the threat of coronavirus infection or the 'special corona fee' of 70 per cent levied on alcohol, hundreds of tipplers queued up outside liquor vends in the national capital for the second consecutive day on Tuesday, keeping the police on their toes.
The beneficiaries of the second set of announcements are expected to be micro, small, and medium enterprises, farmers, women, poor, migrant workers, and other marginalised sections of the society, reports Arup Roychoudhury.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement. NSE Nifty soared 245.35 points to 14,923.15.
S&P Global Ratings on Monday said systemic risk in Indian banks is likely to remain high in the wake of the second wave of COVID-19 and high proportion of weak loans. S&P estimates the weak loans in banks at 11-12 per cent of gross loans.
In a letter to Chief Secretary Rajiva Sinha, the central team in north Bengal, led by senior bureaucrat Vineet Joshi, said more field officers are required to monitor and provide feedback about the effectiveness of various measures undertaken by the government.
made it clear that shops in market places, multi-brand and single brand malls located in municipality areas shall continue to remain closed till May 3.
While asserting that the growth of coronavirus cases in the country has been more or less linear and not exponential, it also said testing has been ramped up consistently.
The expert noted that in India the pandemic is unlikely to be over in the months to come, and the number of people getting infected will continue to rise.
Tope's remarks on the forthcoming drive wherein people above 18 years will become eligible for immunisation came amid reports that many people in Maharashtra are not getting the doses due to the shortage.
Galleguillo, who is part of the Argentine team of deaf swimmers and training to participate in the 2021 Deaflympics in Brazil, said his time out of the water had been tough.
A separate standard operating procedure will be issued by the tourism department for precautions to be taken while operating these establishments, an official release said.
Most rating agencies had projected contraction in India's GDP for the first quarter of 2020-21.
The government said there was no immediate plan to extend the 21-day lockdown period, which entered its sixth day on Monday, while the Indian Army dismissed as "fake" social media posts about a possible emergency declaration next month.
'Governments have neither any idea of the source of the infection, nor a grip on the disease.' 'Headline management will not work, not in this case,' observes Sunita Narain.
Metro rail services may be allowed from September 1 when the 'Unlock 4' phase in the graded reopening from the coronavirus-induced lockdown begins, but schools and colleges will not reopen immediately, an official said.
All colleagues, who came in contact with the employee, have been asked to go into self isolation as a precaution, the ministry said.
'We may have moved back three decades on the fiscal situation,' notes T N Ninan.
"A roadmap is being prepared. If something happens to top athletes it will be a setback and so we are careful and that's why there are no positive coronavirus cases for our athletes till now. Players are pride of our country and so we can't risk anything," Sports Minister Kiran Rijiju said.
Asian Games gold-winning boxer Dingko Singh will be brought to Delhi on April 25 by the Boxing Federation of India (BFI) to resume his treatment for liver cancer after he was forced to miss a scheduled radiation therapy session due to the coronavirus-forced lockdown. The 41-year-old, who is currently in Imphal, was due to undergo radiation therapy a fortnight back but could not come to Delhi because of the lockdown.
Prime Minister Pedro Sanchez's government is anxious to get the country up and running again without igniting a second wave of infections as the economy reels and Spaniards gradually emerge from nearly eight weeks under lockdown.
Households with only one employed person can be considered to be somewhat vulnerable. Their proportion is rising. Also rising is the proportion of highly vulnerable households with no person employed, observes Mahesh Vyas.
The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell to 27.4 in April, from 51.8 in March, reflecting the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago. The index slipped into contraction mode, after remaining in the growth territory for 32 consecutive months. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
Fitch Ratings on Monday said the shock to economic activity from the latest wave of COVID-19 pandemic will be less severe than the one in 2020, but recovery is likely to be delayed as economic activity dropped in April-May. The global rating agency said there are growing indications that the latest wave of COVID-19 infections will add to risks among financial institutions (FIs) and anticipates that the Reserve Bank of India (RBI) may introduce additional measures to support the financial sector if indications of economic stress mount.
The Kerala government has told the Supreme Court that it is "vigorously vaccinating" people against Covid-19 and is expected to inoculate at least 60 per cent of its population within two or three months.
FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.
Equities in India saw record FPI inflows of $16.8 billion in November and December, taking the benchmark indices to new highs.
'Kartik is an outsider, so he takes nothing for granted. That's why he will do well.'
'All of this material will be given to the Spanish health authorities, who are under the authority of the government, in order that the resources be used optimally and efficiently, which is necessary given the current emergency'
Millions of Indian children lack access to online education as they do not have smartphones, computers or an Internet connection.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
Soon after Unlock 1, the industry - which is estimated to polish nine of 10 rough diamonds in the world - resumed operations, but a surge in cases at diamond polishing cluster, especially in Katargam and Varachha, forced units to go into a voluntary lockdown, which continued until recently.
'The lockdown was for both: To flatten the curve or more correctly, delay the rapid spread of COVID outbreak, and to create healthcare infrastructure.'
Religious places and places of worship for the public, hotels, restaurants and other hospitality services along with shopping malls will be permitted to open from June 8, the ministry of home affairs said on Saturday. However, these facilities will not be able to resume operations inside containment zones designated by authorities in states, said a government notification.
UltraTech Cement was the top gainer in the Sensex pack, rising 3.06 per cent, followed by IndusInd Bank, ICICI Bank, HDFC Bank, Titan, Axis Bank, SBI and Reliance Industries. NSE Nifty advanced 78.35 pointsto close at 14,814.75.
'We haven't flattened the infection curve, we may have merely smoothened it temporarily.'
The nation in a post-coronavirus future could well look back on the pandemic period as a 'blessing in disguise' if Indians imbibe hand, respiratory and environmental hygiene and practise it in their everyday lives, the minister said.
Given the economic trends, it might make sense to allocate some savings to gold.
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