December 1, 2021

Biz Journal

Business perfection

Biz News

As Covid-19 cases in India swell and its impact and recovery scenarios change by the day, it is high time for the Indian government and authorities concerned to prepare for multiple scenarios — act now, prepare for near term and build for medium term, a new BCG report has said.

According to the report titled “Covid-19: India Perspective,” three potential scenarios could emerge – Rapid recovery (V) or Slow comeback (U) or Protracted challenge (L) driven by evolving properties of the virus, containment and mitigation, treatment/vaccine development lead-time and policy and fiscal response.


The number of coronavirus-affected people in India reached 360 on Sunday with reports of seven deaths.

ALSO READ: Coronavirus LIVE: Lockdown in Delhi from today; Angela Merkel in quarantine

“Covid-19 scenario is unprecedented — high contagious rate (vs. earlier flus), large scale lockdowns and fear and panic due to digital connectivity,” the report

Read more


Indian telecom service providers have seen a 10 per cent surge in overall traffic as more and more offices switch to ‘work from home’ or people go into self-quarantine in their homes to combat the spread of


The demand for data dongles has also doubled in the last few days and many retailers are asking for a week to replenish their stocks due to the spurt in demand.



Rajan S Mathews, director general of the Cellular Operators Association of India, said feedback from its telecom members indicated a 10 per cent increase in traffic, but rejected fears of choked networks. “The networks have enough capacity to manage this increase and there is no reason for worry,” he said.


Telcos currently use 65-70 per cent of the network capacity. In other words, they have enough additional capacity to handle

Read more


India on Friday reported 50 (Covid-19) cases, highest in a single day, taking the tally to 223, even as Prime Minister discussed with chief ministers ways and preparedness of the states to check the virus spread. Several states went under partial lock down to halt the virus, with offices and shops shut in Mumbai and Pune. Here’s a wrap up of all the developments during the day related to Tune in for LIVE updates


How to check virus spread? PM Modi, Chief Ministers discuss ways


Prime Minister deliberated ways to check the spread of with chief ministers of various states. Union Health Minister Harsh Vardhan and top health ministry officials were also present in the meeting held via video link.

Lenders seek relaxation in NPA norms





The Indian Banks’ Association (IBA) is set to

Read more

Catch all the live market updates here

<!--
--


SI Reporter  | New Delhi 

Last Updated at March 20, 2020 07:53 IST

.footer-menu .TL a:hover{background-position:-210px -33px!important}.footer-menu .TL a{background-position:-209px 7px}


try{window.fbAsyncInit=function(){FB.init({appId:'859966081110041',autoLogAppEvents:true,xfbml:true,version:'v3.2'});};(function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(d.getElementById(id)){return;}js=d.createElement(s);js.id=id;js.src="https://connect.facebook.net/en_US/sdk.js";fjs.parentNode.insertBefore(js,fjs);}(document,'script','facebook-jssdk'));}catch(e){console.log(e);}!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','550264998751686');fbq('track','PageView');

Source link Read more


The launched new bond purchases worth 750 billion euros at an emergency meeting late on Wednesday in a bid to stop a pandemic-induced financial rout shredding the euro zone’s and renew concerns about the bloc’s viability.


With much of Europe in lockdown amid the coronavirus outbreak, economic activity has come to a near standstill and markets have been in a tailspin, foreshadowing a deep recession on par with the 2008 global financial crisis and raising questions about the euro zone’s cohesion at times of stress.



Under pressure to act to bring down borrowing costs for indebted, virus-stricken countries such as Italy, the launched a new, dedicated bond-purchase scheme, bringing its planned purchases for this year to 1.1 trillion euro with the newly agreed buys alone worth 6% of the euro area’s GDP.


“Extraordinary times

Read more


The director general of the Indian Council of Medical Research (ICMR), Balram Bhargava, said on Tuesday that the country’s apex health research body had not discovered any evidence of community transmission of Covid-19 yet and that all 500 random samples had tested negative for


“We at ICMR are regularly monitoring for community transmissions. Our labs are looking at random samples of patients who suffer from influenza like illnesses/ severe acute,” he said.



Bhargava further said that ICMR has activated more laboratories to test for COVID-19 and revised the testing criteria.


“ICMR has been approached by several private players who want to contribute and talks are on with 51 Accreditation Board for Testing and Calibration Laboratories (NABL) accredited private laboratories to understand the modalities of increasing access to the test in the endeavour to prepare for future,” he

Read more