FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo (REUTERS)
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo (REUTERS)

How the pandemic wiped out oil demand around the world

  • Demand for crude could fall by 27 million barrels a day this month
  • The ramifications for the oil market are huge, with refiners, producers and even petrostates all facing uncertain futures

Punjab has seen a surge in covid1-19 cases, with death toll at 11. (Photo: Photo)
Punjab has seen a surge in covid1-19 cases, with death toll at 11. (Photo: Photo)

Taking cues from Odisha, Punjab extends lockdown till 1 May

  • Punjab has seen a spike in covid-19 cases in the past few days, pushing the total in the state to 132 so far, with 11 deaths
  • A task force is being set up for quick upgradation of hospital infrastructure in the state

(Photo: Bloomberg)

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BMC medical workers taking samples of people who have cold and cough for testing of COVID-19, in Mumbai (Photo: PTI)
BMC medical workers taking samples of people who have cold and cough for testing of COVID-19, in Mumbai (Photo: PTI)

Coronavirus: Mumbai reports 218 COVID-19 positive cases, 10 deaths today

  • The total number of positive cases in Maharashtra has climbed to 993 while the total number of deaths has reached 64 in Mumbai, the BMC said
  • India's total number of COVID-19 positive cases stands at 6,761, MoHFW said

Domestic air passenger traffic is expected to drop to 80-90 million in FY21 from an estimated 140 million in FY20. (Photo: Ramesh Pathania/Mint)
Karnataka chief minister B.S. Yediyurappa. (Photo: Mint)
DHFL CMD Kapil Wadhwan

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India so far has reported 6,412 confirmed cases of coronavirus with a death toll of nearly 200 (Photo: AP)
India so far has reported 6,412 confirmed cases of coronavirus with a death toll of nearly 200 (Photo: AP)

India COVID-19 death rate lower than many developed nations, say experts

  • India's COVID-19 death rate of about 3.1% is much lower than 12.72% of Italy, 12% of UK, 9.73% of Spain, 3.4% of the US and 5.98% global death rate
  • Medical experts belief that relatively young population, an early and strict lockdown may be the reasons for the low mortality rate in India

(Photo: PTI)
Motilal Oswal Asset Management Company is launching an index fund that tracks the S&P 500. (Photo: Mint)
Motilal Oswal Asset Management Company is launching an index fund that tracks the S&P 500. (Photo: Mint)

Motilal Oswal S&P 500 Index Fund - Should you subscribe?

  • The New Fund Offer (NFO) for the Motilal Oswal S&P 500 Index Fund will run from 15 to 23 April
  • The S&P 500 has given returns of 12.7% and 17.8% CAGR in rupee terms over the past five and 10 years respectively

Scientists have credited Germany's early, widespread testing with slowing the spread of the coronavirus (AFP)
Scientists have credited Germany's early, widespread testing with slowing the spread of the coronavirus (AFP)

How Germany precisely traced coronavirus transmission from human to human

  • That hunt has helped Germany win crucial time to build its COVID-19 defences
  • Germany has carried out more than 1.3 million tests, according to the Robert Koch Institute

(Photo: PTI)
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A man wearing a protective face mask and gloves walks past the empty landmark Alcala Gate, amid the coronavirus disease (COVID-19) outbreak in Madrid, Spain. (REUTERS)
A man wearing a protective face mask and gloves walks past the empty landmark Alcala Gate, amid the coronavirus disease (COVID-19) outbreak in Madrid, Spain. (REUTERS)

Spain's coronavirus death toll curve flattening at last

  • The number of daily deaths fell again on Friday to 605, the lowest figure since March 24, the health ministry said
  • The rate of increase has dropped to 4% down from 20% two weeks ago

A paramedic uses an infrared thermometer to measure the temperature of a police officer in Ahmedabad
Former CEA Arvind Subramanian bats for stimulus package.  (Photo: Pradeep Gaur/Mint)
Former CEA Arvind Subramanian bats for stimulus package. (Photo: Pradeep Gaur/Mint)

Chorus grows for 10 trillion stimulus as lockdown ravages economy

  • Former CEA Arvind Subramanian said the govt will have to spend 10 trillion, an amount equivalent to 5% of India’s GDP, to deal with the disruption caused by the pandemic
  • Ficci said that there is an immediate need for a stimulus of as much as 9-10 trillion

Photo: AP/Jenny Kane
Over the past three weeks, 11 of the 17 apps that Indian public authorities have launched to fight covid-19 have the same goal: quarantine tracking. (Photo: Pradeep Gaur/Mint)
Over the past three weeks, 11 of the 17 apps that Indian public authorities have launched to fight covid-19 have the same goal: quarantine tracking. (Photo: Pradeep Gaur/Mint)

India is pinning hopes on apps in virus fight

  • As covid-19 cases rise, states are scrambling to make public health apps. What about privacy?
  • The adoption of tech tools will only grow as the virus spreads. It is important to know what the apps can do, what they can’t, and where we are headed when it comes to individual privacy

The railways has suspended all passenger, mail and express train services from March 24.
The railways has suspended all passenger, mail and express train services from March 24.

Railways clarifies on reports of resumption of train services

  • According to a Health Ministry update this morning, the death toll due to COVID-19 has risen to 199 in India
  • For post lockdown train travel, Railways said it would take best feasible decisions in the interest of all stakeholders

Global tech companies with deep cash reserves have announced some measures to help their workforce. (AFP)
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Gopinath said it is important to make sure people who are losing jobs can maintain a basic lifestyle. (Photo: Bloomberg)
Gopinath said it is important to make sure people who are losing jobs can maintain a basic lifestyle. (Photo: Bloomberg)

Stimulus is a solution, but be wary of fiscal deficit, says IMF’s Gita Gopinath

  • The IMF chief economist terms the current economic stasis as 'The Great Lockdown' and that it is fundamentally different from The Great Depression and 2008 financial crisis
  • 'Unlike previous instances, this time around, we actually don’t want people to go out and spend,' she said at an American talk show

The total number of coronavirus cases in India rose to 6,412
Prime Minister Narendra Modi. (ANI)
Last year, RBI had asked banks to move floating rate retail and small business loans to an external benchmark. (MINT_PRINT)
Last year, RBI had asked banks to move floating rate retail and small business loans to an external benchmark. (MINT_PRINT)

RBI board member writes to PM Modi; suggests rescheduling loan accounts

  • These are exceptional times and the need is to take exceptional steps, Marathe said in his letter to PM Modi
  • When advance accounts get classified as NPAs, banks get adversely impacted financially, he said

Vijay Mallya’s legal team, led by barrister Philip Marshall, sought dismissal of the bankruptcy petition (AP )
Vijay Mallya’s legal team, led by barrister Philip Marshall, sought dismissal of the bankruptcy petition (AP )

Huge Relief for Vijay Mallya as UK High Court gives him more time to repay debts

  • 'The banks are pressing for a bankruptcy order at a time when there are extant proceedings in India,' London High Court's judgement read
  • A consortium of Indian public sector banks led by the State Bank of India had sought a bankruptcy order against Mallya

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Private laboratories cannot afford to do free covid-19 tests unless the government offers them some aid, said an expert.  (Photo: Reuters)
Private laboratories cannot afford to do free covid-19 tests unless the government offers them some aid, said an expert. (Photo: Reuters)

Eye on revenues, private labs wary about testing all for free

  • Private hospitals are reluctant to test free of cost, saying that it will impact their already dwindling revenues
  • Biocon Ltd MD Kiran Majumdar-Shaw has said private labs have already done 10% of the tests free of cost and has appealed to the SC to review its order to make tests free

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