Carry your own bag, wash plastic packets from grocery stores
As grocery stores become the only point of contact for people during the nationwide lockdown, experts advise that people must practice social distancing and take enough precautions while visiting grocery stores.
 
RS Mishra, Associate Director, Internal Medicine, Max Super Speciality Hospital in Saket, told IANS: "People should make sure that the store they are visiting is not too crowded and at all time, they should practise social distancing."
 
If the store is small, then a large number of people should avoid going in to prevent any close contact.
 
Hand sanitisation is extremely important – once the people reach home after visiting a grocery store, it is crucial for them to sanitise and wash their hands.
 
"Check if you can get some or all your daily needs online, carry your own bag when in a grocery shop, maintain a distance of at least three feet or more and avoid touching unnecessary items or surfaces," said Dr Harjit Singh Mahay, Additional Director, Critical Care, Fortis Hospital in Delhi.
 
"Instead of panicking that every product bought from the store might carry the virus such a packed food items, people should thoroughly wash the fruits and vegetables bought and maintain simple hygiene. These are few important things one needs to keep in mind while visiting a grocery store," Mishra added.
 
According to Navneet Sood, Pulmonology Consultant at Dharamshila Narayana Superspeciality Hospital in New Delhi, keep one-metre distance from the people around at the store and don't touch your face while you are out of the house.
 
 
Once buying is done, cover your groceries safely and take them to the home.
 
"Leave them inside the entry gate once you reach home and go straight to the bathroom and take a shower.
 
"If there are airtight plastic packets then wash them with soap water and take them to the kitchen or just leave them there at least for 5 hours if possible without touching them, then after that pick them up for use," Sood told IANS.
 
Every time you touch anything outside the house, come back and wash your hands or sanitise them, the doctor added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • Like this story? Get our top stories by email.

    User 

    COMMENTS

    m.prabhu.shankar

    1 month ago

    Excellent Article

    rakeshnangia06

    2 months ago

    FOLLOW INSTRUCTIONS, YOU WILL WIN OVER THIS PANDEMIC.

    rakeshnangia06

    2 months ago

    Very informative article. THANK YOU.

    Ramesh Popat

    2 months ago

    Good one!

    Airtel extends validity of pre-paid packs for 8 cr customers
    Telecom major Bharti Airtel on Monday announced to extend the validity of pre-paid packs of over 8 crore subscribers till April 17, in view of the coronavirus crisis and the resultant nationwide lockdown.
     
    "Airtel has extended the pre-paid pack validity for over 80 million customers till April 17, 2020. All these customers will continue to get incoming calls on their Airtel mobile numbers even after the validity of their plan is exhausted," the company said in a statement.
     
    Further, Airtel will credit an additional Rs 10 of talk time in the pre-paid accounts of all these 8 crore customers to enable them to make calls or send SMS.
     
    The benefits will be available to users in the next 48 hours, it said.
     
    "These 80 million customers effectively cover all under-privileged households on the Airtel network. These special measures will particularly benefit migrant workers and daily wage earners who may have been impacted due to the nationwide lockdown to combat COVID-19," the statement said.
     
    Shashwat Sharma, Chief Marketing Officer, Bharti Airtel said: "In this difficult hour of fighting off the threat of COVID-19, Airtel is committed to ensuring that all people remain connected without any disruptions. And for this objective, it is critical to take care of the under-privileged daily wage earners of our country, whose lives have been disrupted due to the lockdown".
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • User 

    No moratorium on interest if you defer EMI payment for three months
    Be ready to pay higher interest on your outstanding loan if you decide not to pay EMIs on your home or auto loan for the next three months under a moratorium announced by by the Reserve Bank of India on Friday.
     
    Analysts and experts tracking the sector said that simple interest rate would be calculated by banks for the three-month period in which loan repayment was due but was not paid under the moratorium. This would be added up into your EMIs at the end of three-month forbearance, raising your monthly bill.
     
    So, if you're deferring payment of an EMI of, say Rs 1,000, and the bank is charging interest at the rate 10 per cent on outstanding, you will end up paying Rs 25 extra on each of the three EMIs that has not been paid during the moratorium. This additional interest may either be added up to all your future EMIs or your loan tenure could get extended at the same EMI level.
     
    "Whether the customers will have to pay this additional interest in one go or will be allowed to get it adjusted as additional EMI is something that needs to be clarified by banks," said a financial sector analyst asking not to be named.
     
    As a result of the moratorium, the tenure of such loans will get extended by three months which should be possible as floating rate loan contracts typically have a provision for extension of loan tenure.
     
    If additional interest burden for three month amoratorium period is also equally divided in all future EMIs, the monthly bill for customer may increase or banks may decide to keep EMIs same but increase the tenure of loan by a few months.
     
    "The 3-month EMI moratorium is a welcome move for those customers whose short-term cash flows are adversely affected by the coronavirus pandemic. This basically means that the customers may be allowed to defer their immediate EMI payments, but come June, they will have to resume the payments. It is not a waiver, but only a shift in payment schedules," Kunal Varma, CBO and Co-Founder, MoneyTap said.
     
    Customers who have the ability to pay (such as salaried professionals whose incomes are still intact) should compare their original cash flows with the revised repayment schedules and accrued interest payments, and then take a call on what makes the most sense for them, he added.
     
    The Reserve Bank Governor Shaktikanta Das on Friday announced a three-month moratorium on EMIs of all term loans due during March 1 to May 31 and said that the repayment schedule for all those loans would be shifted by three months after the moratorium.
     
    This will bring relief to all borrowers, including those who have home loans, auto loans, education loans, agricultural term loans, retail and crop loans to their names. It will also be applicable on credit card dues.
     
    "In respect of all term loans (including agricultural term loans, retail and crop loans), all commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all-India Financial Institutions, and NBFCs (including housing finance companies) are permitted to grant a moratorium of three months on payment of all instalments falling due between March 1, 2020 and May 31, 2020," said the RBI's circular to all banks and non-banking financial companies.
     
    "The repayment schedule for such loans as also the residual tenor, will be shifted across the board by three months after the moratorium period. Interest shall continue to accrue on the outstanding portion of the term loans during the moratorium period," RBI said.
     
    As of January-end, over Rs 13 lakh crore of housing loans and Rs 2 lakh crore of auto loans were outstanding, data with the Reserve bank of India shows.
     
    Besides retail borrowers, micro, small and medium enterprises and large companies will also benefit from the RBI's relaxation of loan repayment.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • Like this story? Get our top stories by email.

    User 

    COMMENTS

    rakeshnangia06

    2 months ago

    Please inform

    pabarirohit

    2 months ago

    IS THIS A RELIEF OR A MOCKERY?

    RELIEF: RBI 3 MONTH MORATORIUM ON LOAN EMI

    To,
    The Finance Minister,
    Government of India.

    SUBJECT: RBI 3 MONTH MORATORIUM ON LOAN EMI

    RBI announced moratorium of 3 months of EMI’s. This will be an extra burden of accrued interest which will be capitalised and will be added to the principal borrowed amount.

    Is this the relief package for the middle class citizens? In reality this is the beneficial proposal and relief package for Banks & Finance Companies.

    Suppose, if we, the middle class citizens are paying our regular EMIs in this critical situations, Banks & Finance Companies will be flushed with huge amount of non-investable fund. In the current situation, who will borrow fresh fund?

    It's an opportunity for them that their funds are automatically reinvested at the same interest rate with us, without any marketing efforts.

    Through our experience, we have learnt that the middle class and relief are two opposites in the real world.

    Isn't this rather a relief measure taken for their prosperity than ours'?

    The need of the day is to give waiver of interest.

    "COMPLETE WAIVER OF INTEREST SHOULD BE GRANTED FOR THE NEXT 6 MONTHS ON BORROWED FUND AS MOST OF THE CITIZENS ARE EXPERIENCING TOTAL LOSS OF INCOME DUE TO THE ESSENTIAL LOCKDOWN.

    AFTER THE CURRENT SITUATION IS UNDER CONTROL, ONLY THEN START THE EMI AND CHARGE INTEREST FROM THAT TERM ONWARDS, NOT BEFORE THAT."

    Note: We all should forward this mail to the Finance Minister [email protected]

    🙏🏻Citizen of India🙏🏻

    pabarirohit

    2 months ago

    To,
    The Finance Minister,
    Government of India.

    SUBJECT: RBI 3 MONTH MORATORIUM ON LOAN EMI

    RBI announced moratorium of 3 months of EMI’s. This will be an extra burden of compound interest which will be capitalised and will be added to the principal borrowed amount.

    This is not the relief package for the middle class. This is the relief package for Banks & Finance Companies.

    Suppose, if we, the middle class citizens are paying our regular EMIs in this critical situations, Banks & Finance Companies will be flushed with huge amount of non-investable fund. In the current situation, who will borrow fresh fund?

    It's an opportunity for them that their funds are automatically reinvested at the same interest rate with us, without any marketing efforts.

    Through our experience, we have learnt that the middle class and relief are two opposites in the real world.

    Isn't this rather a relief measure taken for their prosperity than ours'?

    "COMPLETE WAIVER OF INTEREST SHOULD BE GRANTED FOR THE NEXT 6 MONTHS ON BORROWED FUND AS MOST OF THE CITIZENS ARE EXPERIENCING TOTAL LOSS OF INCOME DUE TO THE ESSENTIAL LOCKDOWN.

    AFTER THE CURRENT SITUATION IS UNDER CONTROL, ONLY THEN START THE EMI AND CHARGE INTEREST FROM THAT TERM ONWARDS, NOT BEFORE THAT."

    Note: We all should forward this message to the Finance Minister.

    🙏🏻Citizen of India🙏🏻

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)
    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
    We promise not to share your email id with anyone