Total coronavirus cases in India jumped to 4067 (PTI)
A sadhu lights oil lamps outside a temple to observe a nine-minute vigil called by India's Prime Minister in a show of unity and solidarity in the fight against the coronavirus pandemic in Allahabad
India has already readied 124,294 isolation beds (Photo: PTI)

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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea (AP)
New Delhi: Prime Minister Narendra Modi after lighting a lamp to express the country's unity in fight against Covid-19, in New Delhi. He had urged people in a video message to light lamps, candles and flash mobile phone lights at 9pm for 9 minutes (Photo: PTI)
New Delhi: Prime Minister Narendra Modi after lighting a lamp to express the country's unity in fight against Covid-19, in New Delhi. He had urged people in a video message to light lamps, candles and flash mobile phone lights at 9pm for 9 minutes (Photo: PTI)

Nine minutes of cheer even as coronavirus cases spiral

  • Virus cases doubling at a faster rate because of the Nizamuddin flare-up, but government has drawn up a battle plan to contain spread of the disease
  • The Tablighi case has sparked one of the nation’s most challenging manhunts, stretching from Kashmir to Tamil Nadu

The impact is expected to be so severe that credit rating agencies are starting to worry about defaults in the realty sector (Photo: Aniruddha Chowdhury/Mint)
The impact is expected to be so severe that credit rating agencies are starting to worry about defaults in the realty sector (Photo: Aniruddha Chowdhury/Mint)

Will India’s real estate prices finally face a reality check now?

  • The covid-19 lockdown further threatens the housing sector that has already seen a rise in unsold inventory of houses across leading cities in the country
  • Anarock Property Consultants expects an annual decline of 25-35% in home sales (top seven cities) in 2020

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 (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 (REUTERS)

Oil retreats after sharp rally on doubts over price-war truce

Futures dropped as much as 12% in London after surging by half of their value over the previous three sessions as a production accord started to take shape

FILE PHOTO: Britain's Prime Minister Boris Johnson. (REUTERS)

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Despite sealing parts, the city’s health officials detected a case at Dr Baliga Nagar, part of the larger Dharavi slum, on Saturday (Photo: PTI)
Despite sealing parts, the city’s health officials detected a case at Dr Baliga Nagar, part of the larger Dharavi slum, on Saturday (Photo: PTI)

Coronavirus: Dharavi sets off alarm bells for Mumbai municipal corporation

  • For the city’s authorities, a potential spread in Dharavi—home to 850,000 people living cheek by jowl—is a ticking time bomb
  • Dharavi reported its first case on 1 April when a 56-year-old garment shop owner died

U.S. President Donald Trump listens to White House coronavirus response coordinator Dr. Deborah Birx (REUTERS)
Raghuram Rajan, however, said that India cannot, at the same time, lose sight of its financial constraint. (Mint)
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A vendor wearing a protective face mask sells food during the coronavirus disease (COVID-19) outbreak in Bangkok, Thailand, April 5, 2020. REUTERS/Soe Zeya Tun (REUTERS)
A vendor wearing a protective face mask sells food during the coronavirus disease (COVID-19) outbreak in Bangkok, Thailand, April 5, 2020. REUTERS/Soe Zeya Tun (REUTERS)

Opinion | No, this novel coronavirus won’t transform the world

The pandemic will not create a new class of the powerful or the rich, nor will it create new heads of state

Countrywide, district hospitals are always woefully short of medical equipment and health personnel (Photo: PTI)
Countrywide, district hospitals are always woefully short of medical equipment and health personnel (Photo: PTI)

States struggle to upgrade hospitals amid the pandemic

  • The big challenge staring at all state governments is ramping up district hospitals and designating them as covid-19 centres
  • In India, there is just one government doctor per 11,000 people, while there are 1,003 district hospitals across the country

The staff at TajSats in Mumbai prepare food packets for delivery to healthcare professionals.
But a more worrying prospect has emerged in market chatter—that of direct monetization in which RBI directly buys bonds from the government. (REUTERS)
PM Modi's appeal resonated with people, with Indians across the country standing at their doors and balconies, and lighting candles, diyas, torches and mobile flashlights for 9 minutes (Narendra Modi Instagram)
PM Modi's appeal resonated with people, with Indians across the country standing at their doors and balconies, and lighting candles, diyas, torches and mobile flashlights for 9 minutes (Narendra Modi Instagram)

India heeds Modi’s call in symbolic fight against novel coronavirus

  • There was also a massive response to Modi’s earlier call to clap, blow conch shells or ring bells for five minutes on 22 March to commend the efforts of those fighting the pandemic
  • The national power grid successfully managed the ramp down and build up of electricity load

Realtors say that the situation for the housing sector is critical. Impact on the sector will depend on the incentives that the government chooses to give to the sector. (Ramesh Pathania/Mint)
Realtors say that the situation for the housing sector is critical. Impact on the sector will depend on the incentives that the government chooses to give to the sector. (Ramesh Pathania/Mint)

Realty braces for the worst amid cash flow pressures

  • Residential sales down 70-80% due to nationwide lockdown and social distancing
  • There’s an up to 12% y-o-y erosion of rental income for shopping malls due to closure, says IRR

People wearing protective masks queue for food inside a sports complex turned into a shelter, during a 21-day nationwide lockdown to slow the spread of the coronavirus disease (Reuters)
Photo: Sanjeev Verma/HT
The aviation sector has been hit hard by the coronavirus pandemic
The aviation sector has been hit hard by the coronavirus pandemic

Govt may allow domestic, international flights in staggered manner from 15 April

  • 'However, if the lockdown is extended post 14 April, airlines will have to cancel the tickets booked for that time period,' a govt official noted
  • All major airlines except Air India are taking domestic bookings for dates post 14 April. Air India is taking bookings for dates post 30 April only

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Photo: Reuters
Aligarh Muslim University and Banaras Hindu University are setting up quarantine facilities in case of emergencies. (HT)
Photo: Mint
Photo: PTI
Photo: Pradeep Gaur/Mint
The home ministry has also asked states to lay down standard operating procedures for employees of essential services. (Photo: HT)
On 18 March, IndusInd Bank said that its deposit base had eroded by nearly 2% (Bloomberg)
A security guards supplies hand sanitizer to a customer wearing a protective mask as she stands in line to buy supplies from a supermarket during a lockdown imposed due to the coronavirus in Mumbai (Bloomberg)
A security guards supplies hand sanitizer to a customer wearing a protective mask as she stands in line to buy supplies from a supermarket during a lockdown imposed due to the coronavirus in Mumbai (Bloomberg)

Maharashtra Covid-19 tally jumps to 748 with 113 new cases, death toll at 45

  • Majority of the deceased did not have any international travel history, but they also suffered from pre-existing health conditions
  • There are 3,078 teams working across the state and surveillance of over 10 lakh population has been done

Healthcare workers wheel the bodies of deceased people from the Wyckoff Heights Medical Center during the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York City (Reuters)
Healthcare workers wheel the bodies of deceased people from the Wyckoff Heights Medical Center during the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York City (Reuters)

With over 9,000 deaths, US enters 'hardest, saddest' week in coronavirus crisis

  • New York, the hardest-hit state, reported on Sunday that there were nearly 600 new deaths for a total of 4,159 deaths and 122,000 total cases
  • Total number of positive cases in US crosses 300,000-mark, according to Reuters tally

Photo: iStock
All existing employees of Air Deccan (permanent, temporary and contractual) are being put on sabbatical without pay with immediate effect.
The PPF scheme has a maturity of 15 years.
The PPF scheme has a maturity of 15 years.

PPF account: 5 recent rule changes you should know

  • The government has relaxed a few rules on PPF and other small savings schemes due to the lockdown
  • Non-deposit of mandated minimum deposit in PPF account for the year 2019-20 will not attract any penalty if payment is made till June 30

Xiaomi has been among the pioneers in launching phones with high-megapixel image sensors (Reuters)
Xiaomi has been among the pioneers in launching phones with high-megapixel image sensors (Reuters)

Xiaomi reportedly working on 144MP camera smartphone

  • Previously, it was reported that Samsung is working on a 144MP sensor.
  • Xiaomi was also one of the first companies to launch a phone with a 48MP camera

Tamil Nadu Health Secretary Beela Rajesh speaks to media  (ANI)
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