Coronavirus: Precautions you need to take while travelling | WeForNews | Latest News, Blogs Coronavirus: Precautions you need to take while travelling – WeForNews | Latest News, Blogs
Connect with us

Blog

Coronavirus: Precautions you need to take while travelling

Within China, the cities of Beijing, Guangzhou, Shanghai and Chongqing were all identified as high-risk by the researchers, along with the Chinese provinces of Guangdong, Zhejiang, Sichuan and Henan.

Published

on

Coronavirus Take precautions

New Delhi, Jan 29 : With the novel coronavirus leading to over 100 fatalities in China, people need to be extra cautious while making their travel plans, be it an international conference abroad or a vacation.

While several organisations have started putting restrictions on the travel of their employees to China, there could still arise the need for you to travel to other countries. As the infection from the virus is spreading to other destinations as well, it would be better for travellers to be cautious.

“As there is no vaccinations available to prevent the spread of this virus, it is advisable to take certain precautions to prevent nCov (novel coronavirus),” Suranjeet Chatterjee, Senior Consultant in the Internal Medicine Department of Indraprastha Apollo Hospitals in New Delhi, told IANS.

“Wash your hands often with soap and avoid touching your face with unwashed hands, observe good personal hygiene and avoid contact with people with possible symptoms and avoid travel to areas where coronavirus infection has been reported,” Chatterjee said.

Experts in population mapping at the University of Southampton in Britain have identified cities and provinces within China, and cities and countries worldwide, which are at high-risk from the spread of the 2019-nCoV.

Bangkok (Thailand) is currently the city most at risk from a global spread of the virus – based on the number of air travellers predicted to arrive there from the worst affected cities in mainland China, according to a report by the university’s WorldPop team.

Hong Kong is second on the list, followed by Taipei. Sydney (12), New York (16) and London (19) are among the 30 other major international cities ranked in the research.

The most ‘at-risk’ countries or regions worldwide are Thailand (1), Japan (2) and Hong Kong (3). The US is placed 6th on the list, Australia 10th and the UK 17th.

Within China, the cities of Beijing, Guangzhou, Shanghai and Chongqing were all identified as high-risk by the researchers, along with the Chinese provinces of Guangdong, Zhejiang, Sichuan and Henan.

While much is yet to be known about the novel coronavirus in China’s Wuhan city, human-to-human transmission has been confirmed. Early studies have revealed that the virus can cause severe respiratory illness.

“So far, the main clinical signs and symptoms reported in this outbreak include fever, difficulty in breathing, and chest radiographs showing bilateral lung infiltrates. As of 27 January 2020, human-to-human transmission has been confirmed largely in Wuhan city, but also some other places in China and internationally,” according to the World Health Organization (WHO).

“With the information currently available for the novel coronavirus, WHO advises that measures to limit the risk of exportation or importation of the disease should be implemented, without unnecessary restrictions on international traffic,” said the statement from WHO.

Talking of the precautions that one needs to take, Vaibhav Rohatgi, Consultant, Internal Medicine, Jaypee Hospital, Noida, said, “First of all if possible travel to China at this time should be avoided, unless it is very important.”

“For safety measures, wear masks, avoid crowded places, maintain basic hygiene and keep sanitising your hands, and avoid direct hand contact with eyes and nose.

“People with weak immunity are more prone to the risk of getting this infection, hence opt for healthy cooked food. This new coronavirus strain is rapidly spreading now in China and only prevention is the best cure,” Rohatgi said.

The WHO has advised that you should avoid travel if you have fever and cough.

“If you choose to wear a face mask, be sure to cover mouth and nose – avoid touching mask once it is on. Immediately discard single-use mask after every use and wash hands after removing masks,” said the advisory.

“Eat only well-cooked food, avoid spitting in public, avoid close contact and travel with animals that are sick,” it said, adding that if you become sick while travelling, it is important to seek medical care early.

(Gokul Bhagabati can be contacted at [email protected])

Blog

Research and development activity to get hit as WD benefit to cease from FY21

According to experts, R&D activity is a key proponent of the ‘Make in India’ strategy and to further expand the manufacturing sector in the country.

Published

on

By

Research and development activity

New Delhi, Feb 19 : India Inc’s R&D activity might get adversely impacted as weighted deduction (WD) benefits, including those on capital expenses, stand withdrawn from the next fiscal.

Till now, the Income Tax Act allowed for weighted deduction for all R&D activities.

However, four years back a sunset provision was introduced in the Budget on the availability of weighted deduction from April 1, 2020.

This deadline was expected to have been extended in this year’s Budget. However, that did not happen.

“The weighted deduction was a key reason for entities to invest in R&D infra. This withdrawal will impact future investments in this area,” said Amarjeet Singh, Senior Partner, International Tax and Regulatory, KPMG in India.

According to experts, R&D activity is a key proponent of the ‘Make in India’ strategy and to further expand the manufacturing sector in the country.

Besides, R&D investments into India have grown with many MNCs establishing their research bases here.

“The ‘Make in India’ programme has got the booster of a reduced tax rate. Similarly, had the government continued with the weighted deduction for R&D, it would have surely ensured that India marched ahead both in manufacturing and in the corresponding R&D,” said Gukul Chaudhri, Partner, Deloitte India.

“So, while India may not lose its tag as the R&D lab of the world, the availability of weighted deduction would have ensured that India continued as one of the most attractive destinations for R&D in the world,” Chaudhri added.

The Finance Act, 2016, restricted the availability of expenditure incurred on scientific research to 150 per cent from April 1, 2017, and no weighted deduction from April 1, 2020.

“Globally, most countries are encouraging R&D activity as it generates new ‘intellectual property’ (IP), which in turn creates sustainable revenues. Such IP or new product gives rise to a new industry and other supporting activities,” said Samir Kanabar, Partner, Tax and Regulatory Services, Ernst & Young.

“In India, several sectors like auto, pharma etc. have invested substantially in R&D facilities to develop new IPs, patents and hence, a new tax regime to boost R&D was a major expectation,” Kanabar added.

However, Suman Chowdhury, President, Ratings, Acuite Ratings and Research, said that the reduction in weighted tax deduction will not have any significant effect on India Inc’s R&D activity.

“India’s R&D activity has held steady at 0.7 per cent of GDP over 5 years and no visible signs of positive outcomes were seen emanating from private enterprises despite such benefits,” Chowdhury said.

“Nevertheless, corporates now enjoy a reduced effective corporate tax structure, which should more than compensate for the loss, at least for the manufacturing sector. Service oriented enterprises, whose business model thrives on innovation, do not require incentives to do R&D in our opinion,” Chowdhury added.

(Rohit Vaid can be contacted at [email protected])

Continue Reading

Blog

AGR risk for GAIL, OIL and Powergrid stays: Fitch

Published

on

By

New Delhi, Feb 19 : India’s telecom-related regulatory dispute still is event risk for GAIL, OIL and Powergrid, Fitch Ratings said on wednesday.

Fitch Ratings continues to treat any payments that three India-based companies – GAIL (India) Limited (BBB-/Stable), Oil India Limited (BBB-/Stable) and Power Grid Corporation of India Ltd (BBB-/Stable) – may have to make under a demand notice from the Department of Telecom as an event risk for the companies’ ratings.

Fitch is not taking immediate rating action on the three companies, as the Supreme Court of India allowed the companies to withdraw their clarification applications on February 14, 2020, and resolve their dispute with Department of Telecom outside the court.

This is in stark contrast to the court’s decision to demand immediate payments from the telecom companies that are also involved in the dispute, Fitch added.

“We expect the three companies to eventually resolve the dispute, although resolution timing is uncertain. A speedy solution is important to prevent disrupting the companies’ investment plans and damaging their performance. The three companies are considering an appeal against the demand notices. We understand that they have the option to resolve the matter through alternate dispute-resolution mechanisms available to state-owned enterprises. This is in addition to the legal options available to telecom license holders in general,” it said.

The Department of Telecom has issued demand notices to GAIL, OIL and POWERGRID for Rs 1,831 billion, Rs 480 billion and Rs 220 billion, respectively.

The notices include license fees on non-telecom revenue and additional interest and penalties on the license fees. However, the three companies’ telecom-related revenue is insignificant, at around Rs 0.5 billion, Rs 0.01 billion and Rs 23 billion, respectively, for the same time period as the demand notices.

The three companies have created telecom infrastructure for internal use and have obtained national long distance and Internet service provider licenses to rent out spare capacity. They maintain that their licenses differ from the unified access licenses held by telecom companies, hence, the court’s decision on adjusted gross revenue for telecom companies does not apply to them.

Continue Reading

Blog

Kanpur tanneries asked to shut down again

Aftab Alam, a leather exporter, said the closure order would not only damage the business image of tanneries but would affect leather export too.

Published

on

By

UP tanneries Business

Kanpur, Feb 17 : The Regional Pollution Control Board of Uttar Pradesh has ordered 248 tanneries in Jajmau area of Kanpur to stop their operations from February 19 till further orders, without assigning any reason.

The tanneries, which remained closed for a period of 13 months on the charge of polluting Ganga, were allowed to start production on December 20 for two months only.

S.B. Franklin, regional pollution control board officer, said the time limit of two months is expiring on February 19.

Feroz Alam of Small Tanners’ Association said that on December 20 last year, the government, while granting permission to run the units with half capacity, had also stated that the tanners would be allowed to run their units till next year if they followed the necessary norms and standards fixed by the pollution control board.

He said, “During the last two months, not a single notice was issued to any tannery by the regional pollution control board because the tanneries did not flout the norms set by it.”

He said that the UP Pollution Control Board (UPPCB) had not given any reason for the closure order now.

Aftab Alam, a leather exporter, said the closure order would not only damage the business image of tanneries but would affect leather export too.

He said the tanneries which have got orders from foreign companies would suffer if they failed to supply the goods in time.

The tanners would also face problems in getting new orders in future, he added.

Continue Reading
Advertisement

Most Popular