Ishikiihara E-kor misses all the normal kid things during the pandemic: playing baseball, hanging out with friends and having a real party for his 11th birthday, which he instead celebrated with relatives on a Zoom call. The internet periodically goes out for hours, making it hard for him to complete his school work, so he plays with his dog, Navi Noop Noop. … [Read more...] about Life under coronavirus lockdown, through the eyes of children around the world
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By Duncan Bartlett People experiencing a life in lockdown often report that certain relatives and friends feel closer than before. However, they also say that some of their associates seem more distant than ever, even if they are actually near neighbours. Similarly, the dramatic changes caused by coronavirus have shaken up relationships between Asian nations. India recently marked 70 years of diplomatic relations with Beijing but there is a disturbing backlash against China on social media. Many posts seethe with anger relating to the origin of the Covid-19 virus in Wuhan and alleged attempts to cover it up. Some of this resentment is stoked by the hawks in the United States, who suggest the pandemic is China’s deliberate and malevolent attack upon the world. China bristles in defence against such allegations. State media presents the situation as a terrible but unavoidable natural disaster. It talks of the People’s War against the virus and praises the bravery of its … [Read more...] about View: Can India benefit from the world’s frustration with China?
Mumbai: Earnings of BSE Sensex companies will contract by up to 8 per cent in 2020-21 on the broader economic worries, and hopes of gains in equities should be pinned on a decrease in infections or a fiscal stimulus, an analyst said on Tuesday. Majority of the countries world over like Singapore and the US have given large fiscal stimulus packages which India is yet to announce, Bank of America Securities' India equity strategist Amish Shah said. The GDP growth in India is set to contract by up to 5 percentage points in FY2021, according to various analysts and the RBI has also acknowledged that the economy will be shrinking this year. However, experts also feel that the equity markets do not reflect the real economic challenges. "We are expecting a 7-8 per cent contraction in companies this fiscal and it will go up to 17 per cent in FY22," Shah told reporters. Markets need a trigger and a growth in earnings is unlikely to be it. They will look for how the COVID-19 infection curve … [Read more...] about Earnings of Sensex companies to decline up to 8%: Analyst
There were many global supports as well. Brazilian illustrator Roger Mello, laureate of 2014 Hans Christian Andersen Awards, designed the poster and logo for Life Tree Books. The translation of Iranian writer Ali-Asghar Seyyedabadi's Hannah, Our Hero is underway, which teaches children how to take care of themselves during the pandemic. … [Read more...] about Multi-language website offers free picture books on COVID-19 for children of the world
New Delhi: Consumer-facing companies including makers of biscuits, ayurveda products, soaps and shampoos have asked the government to reduce the goods and services tax rates to help revive demand as the lockdown eases. “With constraints of disposable income, reduction in GST would spur demand of essential categories,” said Arup Chauhan, executive director of Parle Products, the country’s biggest biscuit company and maker of Monaco, Hide & Seek and Marie cookies. Biscuits under Rs 100 a kg are taxed at 18% and are price-sensitive categories, 40% by volume and 30% by value of the overall category. The GST Council, which is expected to meet next month, had slashed tax rates on 200 products including chocolates, toothpastes, shampoos, washing powders and shaving creams to 18% from 28% in November 2017. Industry executives said a further reduction is needed to trigger demand. “Reduction in GST for basic categories from 18% would create a demand stimulus, … [Read more...] about Consumer companies seek GST cut to help push sales