As the fears about the impact of the spread of Coronavirus weighed on investor sentiment globally, Dalal Street ended its worst quarter ever on a brighter note. The January-March quarter, that saw the sensex give up almost 12,700 points, or 31%—that too after reaching an all-time high at 42,274 on January 20—has been the worst in terms of points loss as well as percentage loss.
Not lack of medical equipments, beds or adequate testing facilities, but the circulation of fake news was identified by the Centre on Tuesday as the biggest impediment in fighting Covid-19 pandemic and sought a direction from the Supreme Court to all types of media not to indulge in such panic creating activity.
Tamil Nadu on Tuesday evening announced that 50 more patients tested positive for Covid-19, taking the total number of cases in the state to 124. Earlier in the day, seven people tested positive. Among the 50 patients who tested positive, 45 people had travelled to Delhi to attend a conference conducted by the Tablighi Jamaat.
Delhi police on Tuesday booked Maulana Saad, the cleric who led a huge religious congregation in Nizamuddin West earlier this month under sections of Epidemic Disease Act and other sections of the IPC for violating govt orders on the management of the Markaz in relation to a social, political or religious gathering. The centre had organised the event from March 1-15.
Amid apprehensions of the substantial spread of Covid-19 after a religions congregation in Nizamuddin left many infected with the virus, the health ministry said it was not the time to find faults but to take action. Twenty-four people who took part in the congregation have tested positive while 700 have been quarantined while 335 have been admitted to hospitals.
With over 1,200 Covid-19 cases reported in the country so far, the number of hotspots of the disease have increased, the Health Ministry said on Monday while underlining that it is implementing rigorous contact tracing and cluster containment strategies. Addressing the daily press conference to provide updates on the Covid-19 situation in the country, Joint Secretary in Health Ministry Lav Agarwal said 227 cases have been reported in the last 24 hours.
In a relief to customers, some public sector banks on Tuesday announced deferment of EMI (equated monthly instalment) payments on loans for three months following directions by the Reserve Bank of India (RBI) which asked all lending institutions to allow three month moratorium on loan payments as the economy grapples with Covid-19 challenges.
Over 21,000 Covid-19 relief camps have been made operational in the country where more than 6.6 lakh stranded and destitute people are sheltered as of now, the Union home ministry said on Tuesday. Joint secretary Punya Salila Srivastava said over 23L people are being provided food at these camps and the ministry is continuously monitoring the ongoing lockdown.
The Supreme Court has asked the Centre to set up a portal within 24 hours for the dissemination of real-time information on the coronavirus pandemic to counter the panic being spread through fake news. The top court asked the Centre to get trained counsellors and community leaders of all faiths to calm down the migrants.