Reuters: Exclusive: India may need to pump $20 billion into coronavirus-hit state banks – sources. “India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking sources told Reuters.”
New York Times: Its Coronavirus Caseload Soaring, India Is Reopening Anyway. “Its coronavirus cases are skyrocketing, putting it among the world’s most worrisome pandemic zones in recent weeks. Nonetheless, India is reopening, lifting its lockdown at what experts fear may be the worst time. Migrant workers are becoming infected at an alarmingly high rate, leading to fresh outbreaks in villages across northern India. Public hospitals in Mumbai are so overwhelmed that patients have taken to sleeping on cardboard in the hallways.”
Reuters: Exclusive: Google faces antitrust case in India over payments app – sources. “India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.”
Livemint: ICMR to fight pandemics in future with covid database. “The Indian Council of Medical Research (ICMR) said it is documenting all research work related to covid-19, as the number of infections in the country neared 150,000. India’s apex biomedical research body is maintaining a database on covid-19, a zoonotic disease, transmitted from animals to humans, so that the adopted strategy—ranging from testing to treatment—can help the country in tackling such pandemics in future.”
Economic Times: ‘Google tax’ could draw reprisal, US cautions India. “India’s 6% equalisation levy on foreign online advertising platforms may impede its overseas trade and increase the risk of retaliation from countries where Indian companies are doing business, the US has cautioned. This is because its provisions do not provide credit for tax paid in other countries for the service provided in India, it said.”
Indian Sports News: World Squash Library Launches First World Championship Compendium. “The World Squash Library is launching its first compendium of the sport’s World Championships today, covering all the Men’s World Opens from the inaugural event in 1976. The ‘one-stop’ production features the dates, venue and results for each event over the five decades, including champion photos and programme cover scans. There are also champions posters featuring all the winners, in both digital and print form.”
Wall Street Journal: Is That a Rooster on My Customer-Support Call? Yes, Blame Coronavirus.. “Thousands of call-center employees in the Philippines and India are working from home, often on the outskirts of urban areas or outside them, during their countries’ coronavirus lockdowns. That has given cows and pigs—but mainly roosters—a chance to chime in.” Kind of here for it honestly.