PMO asks ministers to file daily report on steps taken to curb virus impact


The Prime Minister’s Office has directed Union ministers to file a daily report on various measures being taken to contain the spread of COVID-19 such as quarantine and healthcare facilities, as also steps taken to tackle the impact of the lockdown, including availability of essential items.

All Union ministers have been assigned a state with the direction to maintain daily contact with district magistrates and superintendents of police on steps being taken to check the spread of coronavirus, which has infected over 700 people in the country and claimed at least 17 lives.

The ministers have also been asked to send their feedback to the “on a daily basis so that loopholes and red tape” in implementing decisions to check the spread of the virus can be done away with.

There are two major aspects on which these ministers have to submit their reports — steps taken to contain the spread of the virus, and action taken to tackle the impact of the imposed in view of the COVID-19 pandemic, sources said.

ALSO READ: How coronavirus has exposed the pain points of migration and globalisation


New order facilitating doorstep delivery of drugs confuses e-pharma firms


A recent notification from the Mnistry of Health and Family Welfare could adversely impact online pharmacies and retail deliveries, making it difficult for them to deliver medicines, even though by definition both fall under “essential services,” as allowed by government under lockdown.

The notification, dated March 26, lays down these conditions- that a person licensed to sell and deliver drugs will have to submit an e-mail ID for registration with the licensing authority if prescriptions are to be received through email, the drugs be supplied at the doorstep of the patients located within the same revenue district where the company holding the license to sell is located,and in case of chronic diseases, the prescription will be valid for medicine delivery only if it is presented to the drug retailer within 30 days of its issue. In acute cases, the prescription will be valid only if it is presented to licensee within seven days of its issue.

The industry has raised concerns with these, considering that delivery of medicines is often facilitated by online marketplaces, which connects sellers and customers, on the same lines as a Flipkart or Amazon. In such cases,

When would you use bridging finance


Bridging finance is becoming a more popular source of finance for those looking to raise money for a property purchase under a tight deadline.

The bridging industry has increased from £1 billion to £7 billion since 2011 and there are currently around 40 lenders in the industry. There are different circumstances in which you would decide to use bridging finance and we take a look at some of the most popular reasons for doing so.

Bridging loans explained

Bridging finance is a type of short-term loan that can allows the borrower to access money quickly and is most commonly used by property owners, developers and investors in order to be able to refurbish a property, or to move into a new property whilst waiting for their current property to be sold.

Customers and businesses can borrow between £50,000 to £25 million with different rates and loans to value available for different circumstances.

Many loan providers will also consider people even if their credit score is less than perfect, since you are using property as collateral and leveraging its value in order to borrow finance, explains Tiger Bridging.

If you are property developer

Bridging finance can be an excellent option if

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