Coronavirus impact: India worst hit stock market; China least-affected : Bulletin: Business Today
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Coronavirus impact: India worst hit stock market; China least-affected

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April 14, 2020

Coronavirus no hindrance in highway projects: Nitin Gadkari
Allaying concerns that government could re-prioritise its focus in post-Corona world with infrastructure moving lower in the pecking order, Road Transport and Highways Minister Nitin Gadkari has stated that focus on healthcare and disaster management does not mean highway building programme would be impacted. In a bid to continue the momentum of highway development in the country, Gadkari said that his current priority is to resume construction works at various sites as soon as the Coronavirus-triggered lockdown is lifted.

Retailers fear job losses as revenues fall 30-35%
Associations like the Retailers Association of India (RAI), Clothing Manufacturers Association of India (CMAI) and National Restaurant Association Of India (NRAI), which represent 66 million employees, have called out to the government for urgent help in order to be help the members of their respective associations restart their business post the COVID-19 lockdown.

Free testing only for Ayushman Bharat beneficiaries, clarifies Supreme Court
The Supreme Court of India has ruled that free testing for novel coronavirus, or COVID-19, will be available only to 'persons eligible under Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana". This has come as a major relief to private laboratories.
 
Trump says plan to re-open shuttered U.S. economy to be completed soon
President Donald Trump said that his administration was close to completing a plan to re-open the U.S. economy, which has been largely shut down to slow the spread of the novel coronavirus. Trump noted that the number of deaths from the virus in the United States had begun to plateau, indicating that "social distancing" efforts had succeeded.

Coronavirus impact: India worst hit stock market; China least-affected
Investor sentiment in India is so low that despite relatively lower cases, Indian market has fared worst among global peers. Indian stock market has lost 26 per cent in dollar terms between February 1 and April 9, compared with a fall of 20 per cent and 14 per cent in the European and US markets. Emerging markets, reflected by the MSCI EM index, declined 15 per cent during the same period.

IIMs defer start of academic session, shift to online classes
There is no sector that coronavirus hasn't impacted and India's premier management institutes are no exception. The lockdown to curb the spread of coronavirus has led many B-schools to cancel their classes, exams and postpone internships. To make up for the lost time, IIMs are contemplating on delaying the start of the academic session by a few weeks, at least for now.




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