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South Korea reports 93 new cases

South Korea has given an update on its numbers, with the Korea Centers for Disease Control and Prevention saying there were 93 new cases on Wednesday, bringing total infections to 8,413. While slightly higher than the 84 recorded on Tuesday, this is still the fourth day in a row that the country has reported fewer than 100 new infections.

India's poor testing rate may mask coronavirus

Indian authorities have said they will not expand coronavirus testing, as most affected nations are doing, despite criticism that limited testing could leave COVID-19 cases undetected in the world's second-most populous country. The WHO has urged countries to test as widely as possible to curb the pandemic, but India has only been testing those who have travelled from affected countries or come in contact with a confirmed case and shown symptoms after two weeks of quarantine.

Pakistan PM: 'Cannot afford' to shut down cities

Pakistani Prime Minister Imran Khan has called upon his countrymen "not to panic" amid a spike in coronavirus cases in the country, warning that the spread of COVID-19 was inevitable and that Pakistan cannot currently afford the economic cost of shutting down its cities.

Iran reports spike in deaths

Iran reported its single biggest jump in deaths from the new coronavirus, confirming that another 147 people died in a nearly 15 percent spike that raises the death toll to 1,135 people nationwide.

Pakistan PM: 'Cannot afford' to shut down cities

Imran Khan has called upon his countrymen 'not to panic'

Pakistani Prime Minister Imran Khan has called upon his countrymen "not to panic" amid a spike in coronavirus cases in the country, warning that the spread of COVID-19 was inevitable and that Pakistan cannot currently afford the economic cost of shutting down its cities.

As of Wednesday, Pakistan has recorded at least 243 cases of the highly contagious coronavirus, most linked to travellers who have returned home from neighbouring Iran, according to government data. It is the highest number of confirmed cases in South Asia, compared with 147 in India, 44 in Sri Lanka, and 22 in Afghanistan.

Citing an ongoing economic slowdown that has seen GDP growth projections drop to less than 3 percent, Khan said enforcing a shutdown of cities could create an unmanageable economic shock. "We thought that if we shut down our cities, then people are already suffering, if we save them from corona[virus] on the one side, on the other side they'll die of hunger," he said in a televised address to the nation late on Tuesday. "We did consider shutting down cities when we were at 20 cases ... but I want to tell you all that Pakistan does not have the conditions that are in the United States or Europe. Our country has poverty."

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Lt. General Dhillon appointed DG, DIA

Lt. General KJS Dhillon has been appointed DG, Defence Intelligence Agency (DIA). This deptt. comes under Chief of The Defence Staff. Lt. Gen. Dhillon belongs 1983 batch, IMA.

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Coronavirus cases rise to 16 in Pakistan

Pakistan witnessed a sudden increase in coronavirus cases as the number of patients rose to 16, officials said on Tuesday. Special Assistant to Prime Minister on Health Dr Zafar Mirza confirmed that nine new cases were identified in Karachi, capital of Sindh province.

MP: Another Congress MLA quits, number rises to 20

The number of MLAs who have resigned from the Congress in Madhya Pradesh climbed to 20 on Tuesday afternoon with another legislator quitting the ruling party, sources said. While 19 MLAs, most of them believed to be loyal to expelled party leader Jyotiraditya Scindia, have sent their resignation letters via e-mail to Raj Bhavan, Bisahulal Singh submitted his resignation letter as an MLA to the Assembly speaker.

"We have received resignations of 19 MLAs through e-mails with attachments," a Raj Bhawan official told PTI. Sources in Congress produced a copy of Bisahulal Singh's resignation letter which he submitted to the speaker.

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Alibaba's Jack Ma is richest Asian now

According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma, the founder of e-commerce major Alibaba Group has toppled Ambani to get the top spot in Asia.

Mukesh Ambani loses $5.8 billion

The persistent concerns of the severe impact of the coronavirus epidemic coupled with the recent carnage in the oil markets have erased $5.8 billion from the RIL chief's net worth.

Corona Effect: India’s manufacturing PMI goes down in Feb

The country’s manufacturing sector activity eased in February from a near eight-year high in the previous month and business sentiment took a hit amid impact of coronavirus outbreak on exports and supply chains, a monthly survey said on March 2.

At 54.5 in February, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) held close to January’s near eight-year high of 55.3, signalling improvement in operating conditions across the sector.

Banks’ merger will come into effect from Apr 1

inance Minister Nirmala Sitharaman on Wednesday said the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from April 1, 2020. The Union Cabinet, she said, has given a go-ahead for the merger proposal and the government has been in regular touch with these banks.

Govt approves amendments to Companies Act

Claiming that the proposed amendments were aimed at improving the ease of doing business, Ms. Sitharaman explained: "Out of 66 compoundable offences under the Act, 23 will get recategorised so that they can be dealt with through in-house adjudication framework, seven have been omitted altogether, 11 will have limited punishment in the form of fines alone by removing imprisonment provision, five will be dealt with under different alternative frameworks, six which had earlier been decriminalised will now have reduced quantum of penalties."

The proposed amendments will ensure that companies which have an obligation to spend Rs. 50 lakh per annum or less on corporate social responsibity (CSR) are no longer required to have a CSR committee. Companies which spend over the obligated 2% on CSR in a particular year can carry it forward as credit for fulfilment of CSR obligations for the next few years as well.

Oil cos cut petrol and diesel prices

State-owned oil marketing companies (OMCs) have reduced the prices of sensitive petroleum products such as petrol and diesel by 30 paise and 25 paise a litre respectively across major cities as the price of international crude oil fell.

The sixth consecutive cut in petrol and diesel prices comes after the OMCs reduced the price of petrol and diesel prices by quarter of a rupee on Monday and are likely to maintain the declining trend this week.

8 Madhya Pradesh Congress MLAs held in hotel: Congress

The Congress government in Madhya Pradesh seems to be headed for trouble as the party claimed that eight lawmakers from the State were being kept in a five-star hotel in Gurugram. In an overnight drama, two Ministers of the Kamal Nath government — Jitu Patwari and Jaivardhan Singh — are reported to have taken at least four legislators out of the hotel. Former Chief Minister Digvijaya Singh had alleged that the BJP was trying to bribe some of the Congress legislators by offering between ₹25-30 crore, a charge denied by BJP leader Shivraj Singh.

Congress expels Scindia

Moments after rebel Congress leader Jyotiraditya Scindia drove down to Prime Minister Narendra Modi’s residence on Tuesday morning, Congress president Sonia Gandhi summoned general secretary K.C. Venugopal to her residence and asked him to announce Mr. Scindia’s expulsion.

By then, Mr. Scindia had posted his resignation letter on his Twitter handle. In it, he said it was time for him to “move on and make a fresh start”. “The Congress president has approved the expulsion of Sh. Jyotiraditya Scindia from the Indian National Congress with immediate effect for anti-party activities,” Mr. Venugopal issued a statement.

Coronavirus: Theatres in Kerala to be shut down until March 16

After Kerala Chief Minister Pinarayi Vijayan requested earlier today that all movie theaters be shut down in the state till March 31, keeping in mind the larger public good, the producers and distributors in the industry have decided to honour his request by shutting down cinemas till March 16.

Due to the coronavirus scare and the latest development of six new cases of COVID-19 being reported in Kerala, the decision has been welcomed. The state has reported 12 positive cases now totally.

42 passengers from Italy quarantined in Kochi hospitals

In the wake of COVID-19 cases being widely reported, nine out of the 42 people who arrived from Italy on Wednesday morning have been referred to the Government Medical College, Ernakulam, while the remaining 33 people have been isolated at the Aluva district hospital.

Coronavirus: Total cases in India rise to 61

Fourteen more people have tested positive for COVID-19— eight in Kerala and three each in Karnataka and Maharashtra, State authorities said on March 10, as the total cases in the country went up to 61. Meanwhile, the Health Ministry has said that it has, for the first time, used a combination of two drugs primarily brought in for HIV treatment. These drugs have been used for treating the elderly Italian couple at a Jaipur hospital.

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