Lockdown extensions 'economically disastrous': Anand Mahindra : Bulletin: Business Today
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Lockdown extensions 'economically disastrous': Anand Mahindra

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May 26, 2020

Coronavirus: WHO stops trial of hydroxycloroquine due to safety concerns

The World Health Organization has suspended testing the malaria drug hydroxychloroquine in COVID-19 patients due to safety concerns, WHO Director General Tedros Adhanom Ghebreyesus has said. Hydroxycholoroquine has been touted by Donald Trump and others as a possible treatment for the disease caused by the novel coronavirus. The U.S. President has said he was taking the drug to help prevent infection.

Himachal Pradesh extends lockdown in 3 districts till June 30

The Himachal Pradesh government has decided to extend the lockdown till June 30 in three districts, including Hamirpur, Solan and Shimla. The state government has authorised all district magistrates to extend the lockdown measures beyond the current phase ending on May 1. In the past three weeks, Himachal Pradesh saw a surge in coronavirus cases due to the influx of people to their homes.

Coronavirus outbreak: Govt develops 'intelligent testing strategy' to check spread across states

With the milestone of one lakh tests per day being achieved, the government is now developing a strategy to further increase the capacity. Infrastructure is currently being developed to enhance the testing capacity up to 2 lakh tests per day in the coming days. There are 609 testing labs across the country as of now. It includes 431 public and 178 private labs. Indian Council of Medical Research (ICMR) is continuously scaling up its testing facilities for COVID-19 by giving approval to government and private laboratories. ICMR has already expanded its testing criteria to include returnee migrants and other frontline workers.

Mukesh Ambani's youngest son Anant debuts in Jio Platforms as director

Jio Platforms, a wholly owned subsidiary of Reliance Industries, has been making headlines for roping in marquee names such as Facebook, General Atlantic, KKR among others as investors. But there is one big piece of news that they haven't announced. Anant Ambani, the youngest son of Mukesh Ambani, has been formally inducted into the family empire. The 25-year old debuts as additional director in Jio Platforms. "This happened just a week before the nationwide lockdown announced by Prime Minister Narendra Modi," say sources.

Mukesh Ambani's youngest son Anant debuts in Jio Platforms as director

India first quarter GDP growth likely to be weakest since 2012: Reuters poll

India's economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely. The poll of 52 economists, taken May 20-25, indicated India's economy grew at 2.1% in the March quarter from a year ago, its weakest since comparable records began in early 2012, and sharply slower than 4.7% in the prior three months.

Lockdown extensions 'economically disastrous', 'create medical crisis': Anand Mahindra

Mahindra Group Chairman Anand Mahindra on Monday said lockdown extensions are not just economically disastrous but also create another medical crisis. While acknowledging that choices are not easy for policy makers, he said a lockdown extension will not help. He was referring to an article that highlighted "the dangerous psychological effects of lockdowns & the huge risk of neglecting non-COVID patients".

Coronavirus lockdown impact: Uber lays off 600 employees in India

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