HIGHLIGHTS

Covid highlights

We will travel again. And when we do, we will do so more consciously, more sustainably and with a greater feeling of solidarity than ever before.

Rajkot Central Jail in Gujarat have tested positive for coronavirus, a senior official said on Sunday. Rapid antigen tests were conducted on 94 inmates and results of 23 of them, including undertrials and convicts, came out positive on Saturday night, jail superintendent Banno Joshi said.



Manipur Extends Lockdown Till July 15, Inter-District Bus Services AllowedManipur Chief Minister N Biren Singh on Sunday said his government decided to extend the ongoing lockdown for another 15 days from July 1 to 15 in the state, which has so far reported a total of 1,092 cases.The lockdown was supposed to be lifted on June 30.Mr Singh also announced that inter-district bus service will be operational between July 1 and 15 maintaining all COVID-19 safety measures and no other public transport will run during this period.The decision about continuing with the bus service beyond July 15 will be taken later, officials said.About the coronavirus situation, the chief minister said the state now has 660 active cases while 432 patients have been recovered and released from hospitals.The testing capacity in Manipur has increased to nearly 2,600 tests per day, he said adding that there is no case of community transmission of the disease in the state.All positive cases are returnees except seven frontline workers who were in direct contact with patients, Mr Singh said.

A survey among children in four southern states found that about 94 per cent of the respondents did not have access to smartphones or the internet for online education. The study conducted by child rights body CRY in May-June covered 5,987 children in Karnataka, Tamil Nadu, Andhra Pradesh and Telangana. The information was collected by CRY’s community organisers through telephonic interviews. While six per cent of the children own smartphones, 29 per cent access their family members’ phones, survey reveals. Read more

08:31 (IST)19 Aug 2020 Karnataka to install oxygen plants across hospitals to meet demand amid Covid-19After two incidents in Bengaluru where Covid-19 patients had to be shifted to other hospitals following disruptions in oxygen supply, the Karnataka government Tuesday announced plans to install oxygen plants across medical colleges and hospitals. “Officials have been directed to make necessary arrangements to ensure an adequate supply of liquid oxygen to all hospitals in the state. Measures will also be taken to establish new liquid oxygen plants to meet the high demand,” Medical Education Minister Sudhakar said. Read more

Europe reopens many borders but not to Americans, Asians Europe is taking a big step toward new normality as many countries open borders to fellow Europeans after three months of coronavirus lockdowns — but even though Europeans love their summer vacations, it’s not clear how many are ready to travel again. Tourists from the U.S., Asia, Latin American, and the Mideast will just have to wait, for now. The European Union home affairs commissioner, Ylva Johansson, told member nations last week that they “should open up as soon as possible” and suggested Monday was a good date. Many countries are doing just that, allowing travel from the EU, Britain, and the rest of Europe’s usually passport-free Schengen travel area, which includes non-EU countries like Switzerland.

Proper financial planning is needed to achieve the goals – especially the long-term financial goals – within the specified time by taking minimum risks.Time and again we have seen the benefits of saving the hard earned money and investing it to achieve financial goals.By Puneet Dang, Chartered Accountant, Co-Founder & Partner at SPRN AssociatesTime and again we have seen the benefits of saving the hard earned money and investing it to achieve financial goals. Proper financial planning is needed to achieve the goals – especially the long-term financial goals – within the specified time by taking minimum risks.Related NewsHyderabad real estate emerges most resilient, returns to normalcy faster than other cities – ReportWhich top bank is currently offering the best FD rates for senior citizens?Systematic Transfer Plan: How STP can help mutual fund investors amid the Covid crisisWise investing will not only help you guard your initial capital but to grow it to the levels it would not have attained otherwise. While an investment portfolio introduces some risk, it also offers an investor some control over his financial future.Diversification is a technique of allocating investments into different assets classes like equity shares, bonds, mutual funds, cash instruments, commodities, precious metals and derivatives. It basically aims to maximise the returns by investing in different areas which will react differently to the same event. It is the most important component of achieving long term financial goals while minimising risk.Considering the current scenario of Covid-19, stock of every other sector was adversely affected. If someone has invested only in the equity shares of the companies than they would have seen a sharp downside in their investment value. On the other hand, if they would have made a diversified investment portfolio it would not have been severely affected. The more uncorrelated your investment portfolio, the better it is.Bond and Equity Markets generally move in opposite directions, so if your portfolio is diversified across both areas, hostile movements in one will be offset by positive results in another.Nowadays, there are so many avenues available for the investors to park their funds. One can also invest in Commodities, Exchange Traded Funds, Real Estate Investment Trusts. This way, you will spread your risk around, which can lead to bigger rewards.Diversification can help an investor manage risk and reduce the volatility of an asset’s price movements. Remember, that no matter how diversified your portfolio is, risk can never be eliminated completely.Also, investors need to add to their investments on a regular basis. If you have enough money to invest, use the cost-averaging strategy. This strategy is used to smooth out the peaks and valleys created by market volatility. The idea behind this is to cut down your investment risk by investing the same amount of money over a period of time into a specified portfolio. In simple words, you should buy more when prices are low and fewer when prices are high.At the end I can just conclude it with a very famous quote of Market Legend Warren Buffet that “Don’t put all your eggs in one basket”. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.HomeMONEYCovid-19 highlights the need of managing portfolio with diversified&nbspinvestments

“The health ministry is being led by an army general with no experience in public health. Two earlier ministers, both physicians, left the job after disagreeing with the president over social distancing measures,” it adds.

The health ministry reported 162 new deaths that were confirmed on Sunday plus another 65 on Monday, with 2,960 additional infections. The Philippines over the past week has reported higher daily infections than Indonesia, which has Southeast Asia’s highest number of deaths and cases. (Reuters)

3 more COVID-19 cases in Ladakh; tally reaches 963Three more people tested positive for coronavirus in Ladakh on Sunday, taking the number of infections in the Union territory to 963, officials said.All the fresh cases were reported from Leh district.Thirty-two patients also recovered from the disease on Sunday, bringing down the number of active cases in the Union territory to 376, health department officials said.Of the 376 active cases, 107 are in Leh district and 269 in Kargil.The disease has claimed one life in the Union territory, while 586 patients have recovered so far, the officials said

The current coronavirus outbreak exemplifies this deficiency. At the end of 2019, the Chinese Center for Disease Control and Prevention (CCDCP) sent a group of experts to Wuhan to retrieve data on the virus. This was nearly three weeks after the first patient had presented with symptoms and immediately following the news of human-human transmission on social media by eight Wuhan doctors (who were subsequently charged by the police). The researchers analysed the data and submitted the results—including a verification of the human-to-human transmission of the virus—to the high ranking western journals, The Lancet and NEJM, published on January 24 and 29, respectively. On 20 January a public statement was released, acknowledging the human-to-human transmission of the virus.

As a Special Rapporteur, he is part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.