Showing posts with label coronavirus latest news. Show all posts
Showing posts with label coronavirus latest news. Show all posts

Wednesday, June 10, 2020

Explained: How Covid-19 pandemic upended 20 million lives in Mumbai


Although the coronavirus pandemic's toll has been much lower, there are grim parallels.


When the bubonic plague arrived on ships in 1896, death and fear emptied half of Mumbai. Ensuing labour shortages devastated the city’s cotton mills, the mainstay of the contemporary economy.

Although the coronavirus pandemic’s toll has been much lower, there are grim parallels. Almost a million workers who built Mumbai’s skyline — from the Trump Tower to skyscrapers owned by global firms such as Blackstone Group LP on erstwhile mill land — have fled to their native villages, short of money after a stringent government lockdown brought the economy to a standstill.

A plague-era law is being used to draft doctors into the coronavirus fight, and calls are increasing to decongest infection hotspots including Asia’s most crowded slum.
A megapolis of about 20 million, few cities face the reckoning around labor and life that Mumbai must now contend with. When authorities resumed some public transport on Monday, television channels showed dozens of people rushing to board a bus, a sign of how desperate residents are to return to their livelihoods even as the city remains India’s Covid-19 epicenter.

Six Mumbaikars, as the city’s residents are known, share how the virus has changed their lives and workspaces:

The Union Leader:
J R Bhosale, 79, has seen a lot during his six decades with Mumbai’s railways. A labor strike in 1974 — the world’s largest recorded industrial action — suspended services for 20 days and terrorist bombs in 2006 kept trains quiet for 24 hours.

Yet, under the lockdown, passenger services have been halted for more than two months. Authorities are concerned about the risk of contagion because on a typical day trains run so crowded that latecomers would hang out of doorways.

Wednesday, March 18, 2020

Covid-19: Centre asks banks to delay declaring companies' accounts as NPAs


FIEO President Sharad Kumar Saraf said that the spread of Covid-19 to over 144 countries points to the most challenging times for the exports sector.


Centre should ask banks to delay declaring companies' accounts as NPAs for one year due to the economic fallout of COVID-19, the Federation of Indian Export Organisations (FIEO) said.

FIEO President Sharad Kumar Saraf said that the spread of Covid-19 to over 144 countries points to the most challenging times for the exports sector.

"Banks may be asked to delay the declaring companies' accounts as NPA for 1 year as the lack of business coupled with fixed cost will make many accounts NPAs," he said in a statement.

"The existing working credit limits of exporters with the banks may be automatically enhanced by 25 per cent, if so desired... All existing Export Promotion Schemes must continue till March 31, 2021 at least."

He said that as per current trend, MSMEs particularly in employment intensive sectors like carpets, handicrafts, apparels, footwear, gems and jewellery, marine and perishable, with their major market in Europe and the US are likely to be worst affected particularly in first quarter of FY 2020-2021.


Monday, March 16, 2020

Now, pvt labs to also test for coronavirus infections as Centre gives nod 


Around 50-60 accredited private labs to test for coronavirus infection.


When the coronavirus (Covid-19) episode is giving no indications of easing back down, the Center has chosen to permit the utilization of certify private labs for testing the infection. 

Indian Council of Medical Research executive general Balram Bhargava affirmed to The Times of India, on Monday, that around 50-60 private labs, certify by the National Accreditation Board for Laboratories, can continue with testing for Covid-19.

The coronavirus pandemic has internationally hit 182,547, with 7,164 announced passings across 157 nations.

The episode in India has now arrived at the eastern province of Odisha also with first instance of Covid-19 contamination revealed yesterday, taking the all out national tally to 124.

Follow full inclusion of Coronavirus here
At present, just government-claimed labs are allowed to test the coronavirus.
Here's how a lot of testing for coronavirus will cost you:

Individuals testing positive for coronavirus contamination can be tried for nothing in government research facilities. The administration bears this cost which extents to around Rs 6,000 - Rs 1,500 for screening and Rs 4,500 for re-affirmation.

Notwithstanding, patients testing in a private lab should shell more cash. As indicated by Times of India, testing at private labs may cost between Rs 9,000 and Rs 12,000. The administration may need to choose whether private players will charge according to their costing model or at financed rates.