By Administrator_India Capital Sands India said on Sunday its hospital network is adequately prepared to tackle the spread of the coronavirus, with over 100,000 beds ready to cater to a potential surge in patient numbers. In neighbouring Bangladesh, Prime Minister Sheikh Hasina announced a relief package worth about $1.7 billion to help farmers struggling because […]
Author: Administrator_India
India says lockdown has spared it from overwhelming number of coronavirus cases
By Administrator_India Capital Sands The Indian government on Thursday claimed initial success in its fight against the coronavirus epidemic, saying it would have been hit with 820,000 cases by next week had it not imposed a nationwide lockdown. The number of people infected with the virus stood at 5,865 including 169 dead, far smaller than […]
India considers narrowing lockdown to coronavirus hotspots
By Administrator_India Capital Sands India is considering plans to seal off coronavirus hotspots in Delhi, Mumbai and parts of the south while easing restrictions elsewhere as a way out of a three-week lockdown that has caused deep economic distress, officials said on Wednesday. The sweeping clampdown in the country of 1.3 billion people to prevent […]
India’s small businesses struggle to pay wages amid coronavirus lockdown
By Administrator_India Capital Sands Hundreds of thousands of cash-starved Indian small businesses have either deferred or cut their workers’ wages this month, say industrialists and union leaders, amid a 21-day nationwide lockdown to stem the spread of the coronavirus pandemic. All India Manufacturers Organisation an industry body representing some 100,000 small manufacturers – said more […]
Testing times for India in race to head off coronavirus epidemic
By Administrator_India Capital Sands India, like a lot of countries plunged into crisis by the pandemic, is struggling to ramp up testing for the coronavirus, but in few places would the odds of containing the disease appear so bleak should domestic transmission start to multiply. Officials hope to be testing 20,000 people daily by the […]
Indians light lamps to heed Modi’s call for coronavirus comradeship
By Administrator_India Capital Sands Millions of Indians turned off their lights and lit up balconies and doorsteps with lamps, candles and flashlights on Sunday, in response to Prime Minister Narendra Modi’s appeal to “challenge the darkness” spread by the coronavirus crisis. Modi, who imposed a three-week long nationwide lockdown on March 25, asked all citizens […]
Global coronavirus cases surpass one million
By Administrator_India Capital Sands Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data. Italy had the most deaths, more than 13,900, followed by Spain. The […]
Japan government, ruling parties agree on certain tax exemptions for firms hit by pandemic
By Administrator_India Capital Sands Japan’s government and ruling parties agreed to exempt firms from certain taxes if their sales decline by more than half from the previous year in any three-month period between February and October amid the coronavirus outbreak, Kyodo newswire said on Thursday. Firms would be exempted from taxation on property and assets […]
Asian shares hold on to gains but virus keeps markets on edge
By Administrator_India Capital Sands Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of the global economy. E-Mini futures for the S&P 500 traded 1.39% lower in Asian trade, highlighting the cautious mood. MSCI’s broadest index of […]
U.S. coronavirus death toll rises past 3,000 on deadliest day
By Administrator_India Capital Sands The U.S. death toll from the coronavirus pandemic climbed past 3,000 on Monday, the deadliest day yet in the country’s mounting crisis, while New York cheered the arrival of a gleaming 1,000-bed U.S. Navy hospital ship as a sign of hope in the city’s desperate fight. In a grim new milestones […]