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Showing posts from August, 2020

How much will the equity market fall? There's a thumb rule for that

When the stock market takes a downward trend, most investors have a question about how much will the equity market will fall. The exact answer is impossible to tell, however, there is a thumb rule to help you navigate through the falling equity market. from Wealth-Economic Times https://ift.tt/31HnIrV https://ift.tt/34NTgOI

How to balance work and personal life while working from home

As the pandemic ranges on, the work-life balance has gone for a toss. Your health, routines, peace of mind, professional output and personal life have all changed in ways you couldn’t predict. Let’s take a look at the negatives and understand how you can recover from them. from Wealth-Economic Times https://ift.tt/32Cf4Kw https://ift.tt/32DSAce

Can a father disinherit daughter from ancestral property?

Since the property is ancestral, you have a right to it by birth and the same right over it as your brothers. from Wealth-Economic Times https://ift.tt/2DcyeOq https://ift.tt/3b8vZs7

Money & relationships: Should you help parents set up a business venture?

Your mother or father is retired now and wants to set up their dream business venture. Here are the pros and cons you should consider before providing financial assistance to your parents’ venture after their retirement. from Wealth-Economic Times https://ift.tt/3jGlq2D https://ift.tt/2EPWoyy

There is a time to save and a time to use that saving: Know what to do when

The problem is that accessing savings is seen like a wrong decision. One is only meant to keep adding to it. Or the household is doing well only if it is accumulating. This need not be the case. They worry that they will outlive the money. from Wealth-Economic Times https://ift.tt/32Cksxn https://ift.tt/31EXtT1

How gold, silver performed for the week ending on August 26, 2020

Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and silver have performed. This will give investors an idea of how their investments performed over a long period. from Wealth-Economic Times https://ift.tt/3hIlcr9 https://ift.tt/2QzX4uO

The window for travel deals, discounts is only 2 months: K Singh, Mahindra Holidays & Resorts India

Even after the pandemic, there will be fear of another virus outbreak, so people will be careful. While flying, more discipline will come in. People will wear masks, wash hands more regularly and the carefree jostling at the airport for baggage may not happen. from Wealth-Economic Times https://ift.tt/32yfUYA https://ift.tt/2GdGvmv

If you had bought Apple's stock instead of its ipod you could have earned Rs 81 lakh

Apple does not have a search engine but Google pays it more than $9.6 billion (Rs 70,000 crore) for making it the default search engine in its devices. This is more than double the 2019-20 net profit (Rs 32,447 crore) of India’s most profitable company TCS. from Wealth-Economic Times https://ift.tt/31HTFR1 https://ift.tt/31FhOHU

Stock trading: What is stop loss order?

If an intra-day buyer hopes to sell at a profit and close his position before the end of the day but the price goes down, then the stop loss gets triggered and closes the position, thereby limiting the loss. from Wealth-Economic Times https://ift.tt/32yfLEw https://ift.tt/32DSvFs

How to reactivate an NPS account

If the subscriber fails to make the required contribution, the account and PRAN (Permanent Retirement Account Number) are designated as ‘freezed’. Here is how one can reactivate a ‘freezed’ NPS account. from Wealth-Economic Times https://ift.tt/3hDvYyJ https://ift.tt/2YNufiZ

Don't let salary cut impact your financial goals: Here's how to do it

While reviewing the portfolio every year, if you find that you have earned a rate lower than the desired, you should increase your savings. In this case, as your savings have derailed, it will help if you continue with minimum savings that you can manage. from Wealth-Economic Times https://ift.tt/3hJp9f4 https://ift.tt/32EiM6u

Looking for a job amid pandemic? Here’s good news as job openings jump, work from home becomes new trend

Professionals in spaces like cybersecurity will command increments in the range of 12-18%, those employed in automation roles will see hikes in the range of 12-15%, while medical scientists and microbiologists can expect increments in the range of 10-15%. from The Financial Express https://ift.tt/2EEDuLu https://ift.tt/eA8V8J Shubhra Tandon

Why Govt must spend to drive up demand

The pandemic is likely to have hurt the informal sector more acutely as it comprises smaller firms with limited economic buffers to withstand shocks. If small entrepreneurs are to risk their personal capital to go into business, they need a lot more support and far less interference. from The Financial Express https://ift.tt/2EIRgwu https://ift.tt/eA8V8J Shobhana Subramanian

Five years on, National Investment and Infrastructure Fund (NIIF) yet to hit target

The NIIF was set up in December 2015 as a Category-II Alternate Investment Fund. NIIF chief executive Sujoy Bose, however, was appointed in only June 2016 and the senior management of the fund was also put in place by early 2017. from The Financial Express https://ift.tt/2QAG6wp https://ift.tt/eA8V8J Banikinkar Pattanayak

Donkey & donkers: A hush-hush story few fully know

It was sometime in April 2017. Soaked to the bones in a 4 O'clock shower, 30 Indian men — tired, hungry and in mortal fear of wild animals and insects — were walking through the Darién Gap that links the Americas.When they were thirsty they would take off their soggy t-shirts, squeeze them and drink the resultant mixture of sweat and rain water. When they felt tired, they would sit or lie down and hope no poisonous snake would kill them while they rested. And when they were hungry, they would silently accept the reality of having no food and just keep on walking.What had brought these men to those godforsaken parts, so far away from home? As it would turn out, it was the Great American Dream at work: Mile by arduous mile, they were trying to make their way to the States.This is not just the story of these thirty men. Numerous youngsters, a majority of them from Punjab and Haryana, are either planning to embark on a similar journey, or are already at some stage of transportation. So...

Biyani, the king of retail, lets go of his crown jewel

NEW DELHI: Kishore Biyani, popularly known as KB among colleagues and considered as the pioneer of modern retail in India taking convenience shopping to the masses, is finally bowing to the winds of change blowing across the sector, giving the control of what he nurtured for over three decades to 77825236Reliance Retail. Biyani (59), who started his business in 1987 by launching Manz Wear which later adopted the brand name of Pantaloon, has agreed to hand over the control of his retail empire to relatively new entrant Reliance Retail, a part of Mukesh Ambani-led Reliance Industries, in a Rs 24,713 crore deal. Biyani, a man known for thrifty approach to running the business, has been spreading himself too thin as the need for capital increased to expand his retail business amid increasing competition from new players like Reliance Retail as well as the advent of e-commerce, which he had dismissed as challengers initially. Many a times he has been forced to divest assets to pare mounting...

'Economy's up partly due to pent up demand'

NITI Aayog Vice-Chairman Rajiv Kumar has placed a huge glass pane on his table as a precautionary barrier since he is meeting officers, staff members and guests daily. In this age of the novel coronavirus, one has to tread carefully. Kumar is cautious on another front as well: revival of the Indian economy. In an interview with Shantanu Nandan Sharma, he says he is only cautiously optimistic about the recent data that shows a surge in highway and railway traffic. Excerpts:Is the recent traffic surge in highways and railways’ freight segment a good indicator of economic revival, or should we wait for more evidence?The rise in traffic in the highways and the railways freight clearly indicates that economic activities have been picking up. Between the two modes of transportation, the surge in freight traffic in the railways in particular is a very good sign because during the monsoon season, usually, the transport of bulk commodities gets restricted. It is likely that this surge is also d...

Rebooting Economy XXIII: What stops India from taking care of its crisis-hit workers?

Developed economies have sound, fiscally-supported systems to respond to workers' distress in normal times, which they scaled up several notches with higher fiscal support to fight the current crisis. India doesn't have such a system nor did it rise up to the crisis; it isn't even tracking job loss from Business Today| LATEST HEADLINES https://ift.tt/31D8sfA https://ift.tt/eA8V8J

UP double murder: Crime cases now being reported in ‘safe, secure’ areas, says Akhilesh Yadav

According to police, a "depressed" minor daughter of a senior railway official allegedly shot dead her mother and brother at their residence in the high-security Gautampalli area, which is a few kilometres away from the official residence of Chief Minister Yogi Adityanath. from The Financial Express https://ift.tt/3gFZ4fI https://ift.tt/eA8V8J PTI

Trump administration ends election security briefings

The Trump administration has ended all election security briefings to Congress just weeks before Americans cast their ballots for president, raising concern among lawmakers about the public's right to know about foreign interference in the election. from The Financial Express https://ift.tt/31GzhzO https://ift.tt/eA8V8J Associated Press

Joe Biden, aiming at Donald Trump, says he won’t use military as ‘prop’

The Democratic presidential nominee, in a virtual address to the National Guard Association of the United States' general conference, said Trump recommended "that you should be deployed to quote, 'dominate,' your fellow citizens for exercising their right to peacefully protest.'' from The Financial Express https://ift.tt/32GaYRJ https://ift.tt/eA8V8J Associated Press

How work-from-home is big business

The work-from-home culture has spawned a whole business around it. From furniture and desk accessories to clothing and shoes, products now come with a WFH tag, helping professionals make a successful transition from office to office-at-home from The Financial Express https://ift.tt/2EDfMPM https://ift.tt/eA8V8J

The private connection! VPN is a great solution as it’s encrypted, can’t be tracked and can bypass app blocks

With a majority of people working from home, there has been a boom in the usage of virtual private networks around the world. The VPN is a great solution as it’s encrypted, can’t be tracked and can even bypass app blocks from The Financial Express https://ift.tt/3gKm2lI https://ift.tt/eA8V8J

Change in TikTok's ownership may not be enough to lift ban in India

New Delhi: A change in TikTok’s ownership may not be enough to persuade the Indian government to lift the ban on the app, senior government officials told ET.“The problem with the app was not only the ownership but the fact that the app was reflecting selective views, snooping on Indian citizens and significantly controlling the information viewed by Indians in a way that was leading to mind control,” said one of them. “Did you ever see clips on the Hong Kong protests or on the Dalai Lama and Tibetans in exile? So, you could see how it was trying to feed selective information.”TikTok, which is owned by ByteDance, was one of 59 Chinese apps banned by the government because of national security issues, following border hostilities in June. A Microsoft-Walmart combine is among contenders seeking to acquire TikTok.‘Haven’t Heard from any Co on Deal’Earlier this month, President Donald Trump said ByteDance would have to sell TikTok or stop its operations in the country. ET reported recently...

Auditors of Tata Sons raise concerns about AirAsia India, Tate Steel Europe businesses

Mumbai: The auditors of Tata Sons have raised concerns about the ability of AirAsia India and Tata Steel Europe to “continue as a going concern”, according to the holding company’s FY20 annual report. The net worth of the carrier, a joint venture between the Tata Group and Malaysia’s AirAsia Bhd, has been fully eroded and current liabilities exceed assets by Rs 1,208.89 crore, it said.Tata Sons and AirAsia India did not respond to queries.AirAsia India’s losses widened to Rs 332 crore in the quarter ended June from Rs 15 crore a year earlier, according to a Kuala Lumpur stock exchange filing.The airline attributed this to the “decrease in revenue from suspension of flights and the increase in operating expenses from operating nine additional aircraft”. Total revenue was Rs 80.7 crore, down 91 per cent from the same period last year. The management has prepared AirAsia India’s financial statement on the basis that it’s a going concern, the auditors were cited as saying in the annual rep...

Change in TikTok's ownership may not be enough to lift ban in India

New Delhi: A change in TikTok’s ownership may not be enough to persuade the Indian government to lift the ban on the app, senior government officials told ET.“The problem with the app was not only the ownership but the fact that the app was reflecting selective views, snooping on Indian citizens and significantly controlling the information viewed by Indians in a way that was leading to mind control,” said one of them. “Did you ever see clips on the Hong Kong protests or on the Dalai Lama and Tibetans in exile? So, you could see how it was trying to feed selective information.”TikTok, which is owned by ByteDance, was one of 59 Chinese apps banned by the government because of national security issues, following border hostilities in June. A Microsoft-Walmart combine is among contenders seeking to acquire TikTok.‘Haven’t Heard from any Co on Deal’Earlier this month, President Donald Trump said ByteDance would have to sell TikTok or stop its operations in the country. ET reported recently...

GST shortfall: States told to borrow under special window

Even if states choose the first option, which means the revenue gap is not fully bridged this year, their compensation entitlement for this year would be protected but would be paid to them from the cess collected after the five years of GST have lapsed. The borrowing plan is valid for this year only and the GST Council would review the revenue position next fiscal. from The Financial Express https://ift.tt/3jkOj3Z https://ift.tt/eA8V8J FE Bureau

Beware pitfalls when analysing Q1 GDP

It is likely that several quarters down the line, when the informal sector survey results are available, this number is revised down to a ~25% y-o-y contraction. For the full year, we expect GDP to contract 7.2% y-o-y (see graphic). We expect negative GDP growth over the April-December 2020 period, before turning positive in the quarter ending March 2021. from The Financial Express https://ift.tt/3lsUq86 https://ift.tt/eA8V8J Pranjul Bhandari

Data regulations: Muzzling the roar of Make-in-India?

If a dominant player abuses their status and unethically suppresses competitors, this type of situation falls under the purview of the Competition Commission of India (CCI) whose mission is to “promote and sustain an enabling competition culture through engagement and enforcement that would inspire businesses to be fair, competitive and innovative; enhance consumer welfare, and support economic growth”. from The Financial Express https://ift.tt/2EDHUlA https://ift.tt/eA8V8J TV Ramachandran

Both Centre and states need to get real on GST

At a time when it is important to try and stimulate the contracting economy, even if the states were to agree to raise rates on zero-duty goods or on those with low rates, this would hurt consumption; so while there may be a case to raise rates on certain goods, this is the wrong time for it. from The Financial Express https://ift.tt/31ANgXz https://ift.tt/eA8V8J The Financial Express

Safe water: BIS proposal of water quality management for Jal Jeevan mission a good idea

The Bureau of Indian Standards (BIS) draft drinking water supply quality management system is a step in the right direction. The draft encodes uniformity across all households as far as the water supply is concerned. It stipulates that all water departments obtain a IS 105000 certification before starting supply. from The Financial Express https://ift.tt/2EEybeE https://ift.tt/eA8V8J The Financial Express

Making palm oil attractive again

To avoid collateral damage, the domestic industry has adopted the Indian Palm Oil Sustainability Framework in association with an NGO. This is similar to the best practices adopted by the Roundtable on Sustainable Palm Oil (RSPO), which has oil producers, processors, traders, industrial users, banks and NGOs as members. Currently, about 15% of palm oil production meets this standard. from The Financial Express https://ift.tt/3hOqxNH https://ift.tt/eA8V8J Vivian Fernandes

Healthcare during Covid: Global partnerships have helped India and the world innovate

Are we willing to compromise on innovation and quality based on origin of the products manufactured? In a recent statement, Union commerce minister Piyush Goyal emphasised how the country cannot afford to remain dependent on low-cost, low-quality products. While it is encouraging the government is strengthening the domestic industry, we are seeing lapses in healthcare quality that we possibly cannot afford. from The Financial Express https://ift.tt/3jl7VVB https://ift.tt/eA8V8J

Postpone Bihar elections; impossible to maintain social distancing in crowds

In India, with nearly 70,000 cases being added every day, the country is already third when it comes to global infection levels and tops the list of new infections every day; in the few cities like Delhi and Mumbai that have done sero-surveys, infection levels are several times what the testing data reveals. from The Financial Express https://ift.tt/2G5DPY0 https://ift.tt/eA8V8J The Financial Express

GMR recasts group format, airports a separate entity

A revised agreement saw the second tranche of investment for 24.01 % of GMR Airports structured in two parts: the first was a firm amount, immediately paid at second closing, for a total of Rs 4,565 crore, including Rs 1,000 crore equity infusion in GMR Airports. from The Financial Express https://ift.tt/34GDhC6 https://ift.tt/eA8V8J FE Bureau

Ambuja Cement rating: Maintain ‘buy’ with unchanged target price of Rs 255

ACEM plans to set up WHRS plants at Darlaghat and Bhatpara (19.5MW at each location) at a capex of Rs 3.8bn by Q4CY21. Subsequently, the company may set up WHRS plants at Maratha and Ambujanagar in addition to solar plants totalling 40MW. from The Financial Express https://ift.tt/31z5wAy https://ift.tt/eA8V8J ICICI Securities

Analyst corner: Target price for NTPC revised to Rs 137 from Rs 139 earlier

NTPC expects FGD systems to be commissioned within the timelines given by the CEA. In this regard, the company has awarded ~59GW of capacity at project cost of Rs 281b. Furthermore, ~5GW of capacity is under tendering and is expected to be awarded soon. Thus, the total cost of FGD implementation is estimated at ~Rs 310b. from The Financial Express https://ift.tt/32zLoxs https://ift.tt/eA8V8J Motilal Oswal

FOX BIZ NEWS: SEC approves NYSE proposal to allow IPO alternative

SEC approves NYSE proposal to allow IPO alternative The NYSE submitted amended proposals in June to allow companies to raise capital through direct listings after the SEC declined similar requests by the exchange operator in December. via FOX BUSINESS NEWS https://ift.tt/3jobA5j

FOX BIZ NEWS: Chinese purchases in Trump trade deal fail to meet Beijing's promises

Chinese purchases in Trump trade deal fail to meet Beijing's promises China's purchases of U.S. goods are trailing behind the phase one trade deal requirements. via FOX BUSINESS NEWS https://ift.tt/3lkxEzt

FOX BIZ NEWS: S&P 500, Nasdaq post most consecutive records of 2020

S&P 500, Nasdaq post most consecutive records of 2020 Durable equipment orders surged in July, with outsize gains in transportation, according to data published Wednesday. via FOX BUSINESS NEWS https://ift.tt/2FSSAx6

FOX BIZ NEWS: White House looking at executive action to halt airline furloughs, layoffs: Meadows

White House looking at executive action to halt airline furloughs, layoffs: Meadows White House chief of staff Mark Meadows said Wednesday that if Congress does not take action, President Trump is prepared to take executive action to help airline workers. via FOX BUSINESS NEWS https://ift.tt/3lvCqKC

FOX BIZ NEWS: GOP congressional candidate Madison Cawthorn aims to be 'face' of health care reform

GOP congressional candidate Madison Cawthorn aims to be 'face' of health care reform Madison Cawthorn, a real estate investment CEO who beat out a Trump-backed U.S. House candidate in North Carolina’s Republican primary runoff election to replace former Rep. Mark Meadows in June, told “Mornings with Maria” on Wednesday that he wants to be “the face for the Republican Party for health care reform” since he is “pretty much the principal consumer of health care in our country.” via FOX BUSINESS NEWS https://ift.tt/34EBi15

FOX BIZ NEWS: China cashes in on America's coronavirus lockdown

China cashes in on America's coronavirus lockdown China's economy has benefited from a surge of tech shipments related to more people working from home due to the coronavirus pandemic. via FOX BUSINESS NEWS https://ift.tt/2QnWbVY

FOX BIZ NEWS: Dick's Sporting Goods delivers record sales in coronavirus home-fitness boom

Dick's Sporting Goods delivers record sales in coronavirus home-fitness boom Dick's Sporting Goods reported record earnings and sales as the coronavirus caused customers to load up on home-fitness products. via FOX BUSINESS NEWS https://ift.tt/2Qq4Veh

FOX BIZ NEWS: China, US tensions raise Taiwan conflict fears: 'Polishing the gun'

China, US tensions raise Taiwan conflict fears: 'Polishing the gun' Numerous Chinese and U.S. military exercises, Taiwan missiles tracking Chinese fighters and plummeting China-U.S. ties make for a heady cocktail of tension that is raising fears of conflict touched off by a crisis over Taiwan. via FOX BUSINESS NEWS https://ift.tt/3gvkSdN

FOX BIZ NEWS: Stock futures trade mixed following another S&P record

Stock futures trade mixed following another S&P record Investors will watch for the latest report on durable goods. via FOX BUSINESS NEWS https://ift.tt/31rmil8

FOX BIZ NEWS: Bank profits slump 70% as coronavirus rakes businesses, households

Bank profits slump 70% as coronavirus rakes businesses, households Bank profits across 5,066 insured institutions were $18.8 billion, compared with profits of $62.5 billion in the same period a year ago via FOX BUSINESS NEWS https://ift.tt/32nKNPu

IIT-Hyderabad start-up launches world’s most affordable respirator mask

An innovation-driven enterprise, currently focused on protective equipment against Covid-19, USafe has developed and commercialised the world’s most affordable respirator mask that is highly durable and adheres to the highest safety standards for operating in hazardous environments. from The Financial Express https://ift.tt/34wQ0r0 https://ift.tt/eA8V8J FE Bureau

Covid impact: Stationery industry in Gujarat incurs biz loss of over Rs 800 crore

Stationery industry is banking upon three seasons including beginning of new financial year (March-April), opening of new academic year (June-July) and Diwali festivities, said Naresh Shah, president of Gujarat Booksellers & Stationery Association (GBSA). from The Financial Express https://ift.tt/3huNrt1 https://ift.tt/eA8V8J FE Bureau

Fauci says rushing out a vaccine could jeopardize testing of others

The top U.S. infectious diseases expert is warning that distributing a Covid-19 vaccine under special emergency use guidelines before it has been proved safe and effective in large trials is a bad idea that could have a chilling effect on the testing of other vaccines. from US Top News and Analysis https://ift.tt/3aV0Acv https://ift.tt/eA8V8J

How to ensure smooth transition to retirement

One way to go about assessing his financial readiness is to create a budget by which he will live in retirement. One also needs to consolidate information about their financial affairs such as retiral benefits, investments, banking etc. to get a fair idea of their current position. from Wealth-Economic Times https://ift.tt/3j8N5sq https://ift.tt/3ldWwIT

How to reactivate a PPF account

A Public Provident Fund (PPF) account holder is required to deposit a minimum of Rs 500 every financial year. Failure to deposit this amount leads to account being designated as inactive. Here is how one can reactivate his/her PPF account. from Wealth-Economic Times https://ift.tt/2Eb5JBq https://ift.tt/32hCZ1L

What is a variable life insurance policy?

A variable life insurance plan combines investment and insurance like Ulips. However, the returns are declared by the insurance companies on an yearly basis and are not linked to the stock market. There are two types of such plans. from Wealth-Economic Times https://ift.tt/3gpfuJc https://ift.tt/2QlDbY6

8 websites offering free or paid online courses that can enhance your career

The lockdown is a good time to upskill or acquire knowledge in a new field. ​​Acquiring a new skill can help you to enhance in career. Remember, however, that the certification may not land you a job unless you can prove your calibre. from Wealth-Economic Times https://ift.tt/3aQyhf7 https://ift.tt/3lf79Lw

Money & relationships: Should you follow your parents’ investing advice?

The moment a child starts earning, a worried set of parents is ready to dispense advice on how he should save his hard-earned money. ​​While there’s no doubting the trust factor when it comes to parents, they may not always be the most efficient sources of investing advice from Wealth-Economic Times https://ift.tt/3aS9ho4 https://ift.tt/3lc6KK1

Can a father gift his property to son without consent of wife, daughter?

Any self-acquired property can be bequeathed or gifted to any person according to the wish of the testator or donor without taking consent from anyone. from Wealth-Economic Times https://ift.tt/3l8zfZ0 https://ift.tt/2FS1bAj

How gold, silver performed for the week ending on August 20, 2020

Silver is more volatile than gold and therefore, it fell around 12% from the recent peak. Here is a weekly tracker of returns from gold, silver, wine and WTI crude for the week ending on August 20, 2020. from Wealth-Economic Times https://ift.tt/31kwLyK https://ift.tt/3hnOE5B

MF portfolio doctor: Shukla should not underestimate inflation and retirement needs

The Portfolio Doctor assesses the health of the mutual fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. from Wealth-Economic Times https://ift.tt/34rfd6c https://ift.tt/32jbfJZ

Seinfeld's sky-diving helmet: Your fixed income investments are useless if you are doing this

Briefly, equity provides high returns but can be volatile in the short-term. On the other hand, fixed income has lower returns but higher stability so it must be there for short-term needs as well as for providing stability during exceptionally volatile times. from Wealth-Economic Times https://ift.tt/32m31Rg https://ift.tt/34tbvZU

How the coronavirus pandemic has changed the lives of working women

Those who hold jobs that cannot be performed remotely are routinely losing their jobs. Unemployment in many economies has shot up as businesses do not have the wherewithal to pay salaries when there are no revenues to support them. from Wealth-Economic Times https://ift.tt/31kisdF https://ift.tt/2YvSd2a

To be truly called global institutes, IIMs need more foreign students/faculty: Prof Rishikesha T Krishnan, Director, IIM Bangalore

"Most of the top-ranked universities of the world (let’s say, top 20) have a single campus policy; they believe that to attract the best faculty and students it makes sense to concentrate everything on one physical location." from The Financial Express https://ift.tt/2QhFtaC https://ift.tt/eA8V8J Vikram Chaudhary

EPA to approve American Airlines use of surface coating to fight coronavirus

The U.S. Environmental Protection Agency is set to announce on Monday it will issue an emergency exemption to the state of Texas permitting it to allow American Airlines to use a new surface coating that kills coronaviruses for up to seven days, sources briefed on the matter said. from US Top News and Analysis https://ift.tt/32dJ5Ac https://ift.tt/eA8V8J

US passes mail-in ballot bill, Trump opposes

Washington: With heated debate over mail delays, the House approved legislation in a rare Saturday session that would reverse recent changes in US Postal Service operations and send USD 25 billion to shore up the agency ahead of the November election. Speaker Nancy Pelosi recalled lawmakers to Washington over objections from Republicans dismissing the action as a stunt. President Donald Trump urged a no vote, including in a Saturday tweet, railing against mail-in ballots expected to surge in the COVID-19 crisis. He has said he wants to block extra funds to the Postal Service. "Don't pay any attention to what the president is saying, because it is all designed to suppress the vote," Pelosi said at the Capitol. Pelosi called the Postal Service the nation's "beautiful thread" connecting Americans and said voters should "ignore" the president's threats. The daylong session came as an uproar over mail disruptions puts the Postal Service at the cente...