‘1 Covid-19 patient can infect...’: Govt quotes ICMR study for infection rate
An ICMR study has found that a COVID-19 patient can infect 406 people in 30 days if preventive measures such as lockdown and social distancing are not implemented, the Union health ministry said on Tuesday. With preventive measures in place, the possibility of the infection can be reduced to an average of just two-and-a-half persons per patient in the same period, Joint Secretary in the Ministry of Health Lav Agarwal said. "If we take the 'R0' to be 2.5 then one positive person can infect 406 people in 30 days, if the lockdown and social distancing measures are not in place, but if social exposure is reduced by 75 per cent then that one sick person will only be able to infect only 2.5 persons," Agarwal said, highlighting the importance of the ongoing 21-day lockdown and social distancing.
An ICMR study has found that a COVID-19 patient can infect 406 people in 30 days if preventive measures such as lockdown and social distancing are not implemented, the Union health ministry said on Tuesday. With preventive measures in place, the possibility of the infection can be reduced to an average of just two-and-a-half persons per patient in the same period, Joint Secretary in the Ministry of Health Lav Agarwal said. "If we take the 'R0' to be 2.5 then one positive person can infect 406 people in 30 days, if the lockdown and social distancing measures are not in place, but if social exposure is reduced by 75 per cent then that one sick person will only be able to infect only 2.5 persons," Agarwal said, highlighting the importance of the ongoing 21-day lockdown and social distancing.
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April 07, 2020
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'Strategy for 30,000 people': Kejriwal's 5-T plan for Delhi against COVID-19
Delhi Chief Minister Arvind Kejriwal on Tuesday said the government has made strategy for 30,000 people in case of emergency. Kejriwal said the Delhi government is adopting a ‘5-T plan’ against COVID-19. Testing, tracing, treatment, teamwork and tracking and monitoring are the 5Ts that Kejriwal explained. We are fully prepared to treat 30,000 active COVID-19 cases in Delhi. We will be having beds of 8,000 hospitals. 12,000 hotel rooms will be taken over and around 10,000 patients will be kept in banquet halls and dharamshalas," Kejriwal said.
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April 07, 2020
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Covid-19 infection by age: India vs world comparison
With count of Covid-19 cases rising in India, the Union govt has disclosed that the age group most heavily infected is the 21 - 40 years. Is this the trend seen worldwide or is the infection cycle playing out differently in India? Watch this comparison of Indian, US, Chinese and Italian statistics to find out.
April 06, 2020
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‘Ramayana’ on TV, ‘Panchayat’ on Amazon for viewers during lockdown
The nation-wide lockdown has meant viewers have turned to their television screens and hand-held devices for entertainment. In the latest episode of its show, 'Business of Entertainment', Mint's Lata Jha goes through the financial performance of what’s buzzing in the world of entertainment.
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April 06, 2020
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Coronavirus: Why Migrant Workers Tried to Go Home | Mint Wide Angle
Nearly 90% of India's workers don't get paid leave. 40% of them get paid daily. They cannot survive a 21-day lockdown. That is why India's migrant workers were desperate to get home even if it meant walking for hundreds of miles.
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April 01, 2020
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Mint Banking Conclave: How digital transformation can help India achieve $5 trn aim
Sharad Saxena, Chief Technology Officer at Bank of Baroda discusses how digital banking solutions and blockchain-linked systems can help India become a $5 trillion economy by 2025. Further, he talks about the importance of collective risk-assessment models for early-spotting of stressed or near-delinquent accounts. He also throws light on how Bank of Baroda is taking baby steps towards digital banking to understand customer preferences that helps them do segmented marketing of their loan products. As we move forward, Saxena talks about the challenges and opportunities in digital banking, whether Indian financial institutions arefintech-ready and how they can be upstaged by nimble fintech startups.
March 31, 2020
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Mint Annual Banking Conclave: Loan markets as revenue sources for banks
K. Balasubramanian, Head of Corporate Bank at Citi (South Asia) discusses how transparent pricing and transmission of rate cuts to the borrowers can aid development of loan markets. Lenders, he said, also need to bring a change in their mindsets and instead of originating loans and holding them to maturity, they need to originate loans and sell them to create a loan market in adherence to global practices. Globally, and especially in Asia-pacific, the loan market is very active and provide for credit innovations. This interview talks about the challenges and issues around creating similar markets in India.
March 31, 2020
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Mint Banking Conclave: How can secondary loan markets be created in India?
Rajat Verma, Head of Commercial Banking at HSBC India talks about how a self-regulatory body to standardize pricing benchmarks and documentation, as well as to disseminate information, will be the biggest enabler for creation of secondary loan markets in India. After the Reserve Bank allowed for credit trading in India, most financial agencies in the country await development of infrastructure for such loan markets. Churning the credit book provides a ready liquidity window for institutions and an opportunity to maximise yields, and it is time to create these markets in India.
March 31, 2020
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How businesses are preparing for Covid-19 in India: KPMG's Arun Kumar explains
Mint speaks to Arun Kumar, Chairman & CEO at KPMG India on the sidelines of Mint India Investment Summit on how Indian businesses should prepare themselves against the rapid spread of covid-19 pandemic. The discussion also highlights how this could impact India’s $5 trillion dream, and how the country could get there despite the coronavirus outbreak.
March 31, 2020
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Narayana Healthcare: Fixing hearts
Here's how Oracle ERP Cloud is supporting Narayana Healthcare's vision to treat 20,000 patients a day!
(Sponsored content)
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March 30, 2020
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Netflix has ‘Maska,’ Amazon ‘Parasite’ for you at home | Business of Entertainment
The shutdown of theatres supplemented with flops has resulted in a Rs. 450-500 crore loss for Bollywood this quarter. In the latest episode of its show, 'Business of Entertainment', Mint's Lata Jha goes through the financial performance of what’s buzzing in the world of entertainment.
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March 31, 2020
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India's relief package vs the world's; what more can Modi government do?
With the Covid-19-induced lockdown severely hurting economic activity, the Narendra Modi administration has announced a relief package worth Rs 1.7 lakh crore for India's poor. The Reserve Bank of India has also taken steps to boost liquidity in the system to the tune of Rs 3.74 lakh crore. Watch the full video to see a comparison between the economic relief measures announced by India's government and other economies such as China, United States of America, Germany, United Kingdom, and France.
March 29, 2020
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Donald Trump signs $2.2 trillion relief package for US as pandemic cases surge
US President Donald Trump on Friday signed a $2.2 trillion relief package amid the ongoing pandemic. The economic relief package comes at a time when the US has been reeling from the economic tumult. US President said this is a much-needed package for America. Under the plan, most Americans will get direct payments of $1,200. The plan was in approval with Democrats and Republicans alike. Trump said the deal will also benefit small businesses.
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March 28, 2020
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Covid19 Impact : GDP estimate revised downward to 3.5%
Covid-19 has taken the world by storm. As the number of positive cases mount in India, Dharmakirti Joshi, Chief Economist, CRISIL Ltd. takes us through the economic implications of the virus and the lockdown. Having revised their GDP estimate downward to 3.5%, we also try to look at some of the factors that could provide near-term respite.
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March 27, 2020
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‘Clear that we have entered recession’: IMF chief amid global downturn
IMF chief Kristalina Georgieva said the world has entered recession. “It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, she said in an online press briefing. With the worldwide economic “sudden stop,” Georgieva said the fund’s estimate “for the overall financial needs of emerging markets is $2.5 trillion.”
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March 27, 2020
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RBI cuts repo rate by 75 bps, allows 3-month moratorium on EMIs
RBI Governor Shaktikanta Das announced the reduction of repo rate amid COVID-19 pandemic. During a press conference in Mumbai, Das said, “The Monetary Police voted to reduce repo rate by 75 basis points - to 4.4 per cent. The reverse repo-rate reduced by 90 basis points to four per cent.” RBI also permitted banks to allow a three-month moratorium on EMIs of all term loans. The banks include all regional rural banks, cooperative banks and NBFCs. Das also said deferment will not impact the credit history of the borrower. Watch the full video for more details.
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March 27, 2020
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Covid 19- What business leaders can do to come out stronger
With the current COVID-19 situation evolving, businesses are facing adverse challenges. Bain & Company Partner, Amit Sinha shares his views on the unprecedented crisis and discusses the 10 initiatives that senior leaders of various companies should follow to fight, survive and come out stronger.
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March 27, 2020
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Expert Shorts | 'We need more wartime CEOs': Sanjay Nath, Blume Ventures
In the latest dispatch for Expert Shorts, Sanjay Nath-Managing Partner and Co-founder Blume Ventures outlines the strategies for founders to look at during such tough times. He goes on to say that war like situations need more war-like CEOs. There will have to be some tough decisions to be taken and the war- time CEOs should not steer away from those. In terms of positives, he highlights that downtimes are usually the best times for disruption and product building.
March 26, 2020
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How China Caused a Global Pandemic | Mint Wide Angle
New evidence shows that Chinese authorities new the genetic sequence of the Novel Coronavirus four days before it told WHO that the disease was still unidentified. Genomics labs were told to stop testing and destroy all samples. China also banned the publication of any information about the disease, even as it was spreading beyond Wuhan to other Chinese cities and other parts of the world. China sat on crucial information for three weeks before locking down affected cities. This cover-up has probably cost thousands of lives and billions of dollars across the world.
March 26, 2020
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Coronavirus: External and global dynamics
The World Health Organisation (WHO) has designated Coronavirus Disease (COVID-19) a ‘pandemic.’ Ambassador Rajiv Bhatia, Distinguished Fellow, Foreign Policy Studies, Gateway House in this dispatch points out that Coronavirus is a global challenge and the Government of India is monitoring the situation and taking necessary steps for containment of the virus. He also discusses the China factor where India is taking a sober view while highlighting the need for regional cooperation through SAARC and global cooperation through G20 - both multilateral cooperations were suggested by Prime Minister Narendra Modi.
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March 25, 2020
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With count of Covid-19 cases rising in India, the Union govt has disclosed that the age group most heavily infected is the 21 - 40 years. Is this the trend seen worldwide or is the infection cycle playing out differently in India?
Watch this comparison of Indian, US, Chinese and Italian statistics to find out.
#CoronavirusUpdate #coronavirusoutbreak #coronavirus #covid19outbreak #lockdown #21dayslockdown #livemint
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In an attempt to arrest the spread of coronavirus, Prime Minister Narendra Modi, last month announced a 21-day nation-wide lockdown. .
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In this illustration, Mint's Jayachandran throws light on the positive side of the decision .
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The median Indian covid-19 patient is just 39 years old, and over 70 female patients contracted it from a male relative, an analysis of the demographic details of over 2,500 Indian patients shows.
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WhatsApp announced today that it would limit forwards of frequently-forwarded messages to just one chat to stop the spread of misinformation about coronavirus disease (Covid-19)
The company issued a statement, where it said that the new feature would be rolled out from Tuesday. “We wanted to highlight a feature change that WhatsApp is rolling out today to slow the spread of misinformation. Today we are announcing a new limit so frequently-forwarded messages can only be forwarded to one chat at a time. This limit kicks in once a message has been previously forwarded five times or more,” the statement said.
#whatsapp #coronavirus #covid19 #fakenews #rumours #livemint
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Early estimates of jobs data indicate that the coronavirus effect may have left a devastating impact on the economy, sending urban unemployment rate soaring to 30.9% . Overall unemployment rose to 23.4%. .
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The figures, based on the Centre for Monitoring Indian Economy’s weekly tracker survey, have held steady for two weeks now. .
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The latest data for the week ended 5 April was released on Monday evening. CMIE’s estimates on unemployment shot up from 8.4% in mid-March to the current 23%. .
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Check our IG story to read this Mint exclusive .
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#MintPlainFacts | If the covid-19 pandemic has exposed the vulnerabilities of India’s healthcare system , it has also exposed the inadequacy of India’s university system.
At a time when the world’s universities have been at the forefront in the battle against the novel coronavirus, Indian universities are still not on the frontlines yet
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#education #college #institutes #universities #coronavirus #covid19 #livemint
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The net worth of India’s richest man Mukesh Ambani dropped 28 per cent or USD 300 million a day for two months to USD 48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday.
The chairman and managing director of the diversified Reliance Industries saw his wealth decline by USD 19 billion in February-March period, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.
#MukeshAmbani #RIL #RelianceIndustries #markets #livemint
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A deserted street near Rajabai Clock Tower in Mumbai at 10am, a rare sight in the rush hour, during the nationwide lockdown imposed in a bid to contain the spread of #COVID19 . (PTI)
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#CoronavirusUpdate #coronavirusoutbreak #coronavirus #covid19outbreak #lockdown #21dayslockdown #livemint
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The total number of coronavirus cases in India today jumped to 4,067 after nearly 700 new infections were reported in the past 24 hours. The death toll has gone up to 109.
According to the latest data from the Health Ministry, Maharashtra is the worst affected state, followed by Tamil Nadu and Delhi
#CoronavirusUpdate #coronavirusoutbreak #coronavirus #covid19outbreak #lockdown #21dayslockdown #livemint
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A family in Surat makes a map of India with traditional lamps .
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Prime Minister Narendra Modi last week appealed for a 9-minute blackout at 9 pm on Sunday, urging citizens to light a lamp, candle or shine a mobile flashlight during the period.
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#MintPlainFacts | In a sporting world rife with cancellations because of a potent, travelling virus, the maiden ICC World Test Championship (WTC) in cricket has relatively more latitude to salvage its debut.
This championship is, roughly, at its halfway stage. The next busy round doesn’t get underway till June, allowing the waiting game for now.
But if the WTC does get called off or extended beyond its two-year cycle, India and Australia will have much reason to feel disappointed.
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#cricket #sports #game #india #australia #ICC #BCCI #livemint
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"It was a very proud moment for me as well as the entire Air India crew when we heard from Pakistan ATC praising our special flight operations to Europe," one of the senior captains of the special flights .
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"As we entered in the Pakistan's Flight Information Region (FIR) and the Pakistan Air Traffic Controller (ATC) greeted us 'Assalaam Alaikum!' This is Karachi's control welcoming Air India for relief flights to Frankfurt," the senior captain quoted the Pakistan ATC as saying
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