an

Tax-News.com: Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies

In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income.




an

Please let me know the advantages of GST, sectors will get impacted,products become costly (VALLUKANNA)

I request you to kindly give me your advise on GST which is going to be implemented very shortly. Thanks and Regards, Varadarajan Kasturi..




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Some Brokerages offer zero brokerage while some old brokerages charge 0.5% and above. Is it wise to open account with zero brokerage company? (SHEIK)

Can I Open account with zero brokerage company for share buy/sell.Whether it is safe? Please clarify..




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Frequent Product Launches (Mohan Raghav)

It is becoming very common these days to get at least one mail per month from EM announcing some new service. Usually an existing service is broken up into pieces and offered as something new. EM is degrading itself into a MLM company. Equity research is ..




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Can we get an economist to do the column instead of Vivek Kaul? (Krishpkkk)

Mr. Vivek Kaul once again interpret numbers like a politician - Don't see any difference between him and our politicians - be it ministers in govt. or opposition. I think he has forgotten economics in his eagerness to score political brownie points. Recen..




an

FM Nirmala Sitharaman Inherits an Economy Facing a Number of Headwinds

Posted by Equitymaster
      

A former defense and trade minister, Nirmala Sitharaman became the first woman finance minister of India after Indira Gandhi.

She has inherited an economy facing a number of risks.

She faces immense challenges as finance minister. India's economy is starting to splutter on the back of a slow-down in consumption and private investment.

Fixing this and jump-starting the economy are the first order of business.

The data released on Friday was disappointing at different levels.

Lower growth in GDP, stagnant growth in core sector in April 2019, and the government just about managing the 3.4% deficit number in FY19 pose puzzles for the new Cabinet which assumes responsibility of kick-starting the economy.

A look at key macroeconomic indicators presents a gloomy picture.

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Sinking GDP Growth Means FM Nirmala Sitharaman has to Push for Sweeping Reforms

According to the data released by the Central Statistics Office on Friday, gross domestic product (GDP) grew by only 5.8% in the last quarter of financial year 2019 (FY19), between January and March.

GDP Growth Slips to 5-Year Low


The data demonstrates GDP growth slowing steadily, from 8 to 7 to 6.6% in the first three quarters of FY19.

The signs of slowdown are visible throughout the economy.

Growth of Core Sector Industries Remained Flat

India's core economy grew at 4.3% in FY19, its second slowest pace in the past 5 years, down from 4.9% in FY15, according to latest data by the ministry of commerce and industry.

The 8 core industries include Coal, Crude Oil, Natural Gas, Refinery, Fertilisers, Steel, Cement, and Electricity.

8 Core Sectors Report Flat Growth in FY19


The growth rate is also flat since fiscal FY18 which had also recorded a 4.3% growth.

Manufacturing and Services Sector Activity Decelerates

Core sector growth will have a direct impact on the Index of Industrial Production (IIP) as these sectors account for a major chunk of total factory output.

Worries Rise as Factory Output Shrinks in March


The Index of Industrial Production (IIP) and the Manufacturing Purchasing Managers' Index (PMI) are used to gauge the level of activity in the manufacturing sector.

What Does the PMI Say?


The country's manufacturing sector performance fell to an eight-month low in April as new business growth moderated, curbed by the elections and a challenging economic environment.

The Nikkei India Manufacturing Purchasing Managers' Index declined from 52.6 in March to 51.8 in April, reflecting weakest improvement in business conditions since August 2018.

However, this was the 21st consecutive month that the manufacturing PMI remained above the 50-point mark.

In PMI parlance, a number above 50 means expansion, while a score below that denotes contraction.

The April PMI data indicated a softer increase in new orders had restricted growth of output, employment, and business sentiment.

Further, the Indian service sector lost momentum in April, with rates of new business and output growth both cooling to seven-month lows.

Indian Service Sector Loses Momentum Too


Falling from 52.0 in March to 51.0 at the start of FY19, the seasonally adjusted Nikkei India Services Business Activity Index pointed to the weakest upturn in output since last September.

Besides these, there are many other indicators of a slowdown.

A decline in consumer demand, a slowdown in government spending, and weak private investment have likely impacted India's growth in the fourth quarter.

One such high frequency indicator is automobile sales.

What do these numbers indicate?

Vehicle sales are a very important economic indicator about how the people of India feel about their economic prospects.

After all, no one is forcing anyone to buy a car and given that if a consumer buys a car, he chooses to make a down payment and/or take on an EMI.

This is only possible if the consumer is feeling positive about his future economic prospects.

Automobile Sales Skid as Demand Remains Sluggish


On Saturday, India's largest carmaker, Maruti Suzuki, reported a 22% decline in sales in May, the lowest in seven years.

Other auto-makers such as Tata Motors, Eicher Motors, and Hero Moto Corp reported declines in sales too.

All these economic indicators basically provide evidence of the Indian economy slowing down further since January 2019.

Another major area that needs immediate attention by the government, is job creation.

According to a CMIE survey, the unemployment number stands at 41 million people. That is too big a number to be ignored.

Now, job creation at such a mass level won't be a walk in the park. To set the wheels in motion, the government will have to look at infrastructure spending.

Capacity expansion in new projects has seen a gradual slowdown in the past few years.

Infra Capacity Expansion Likely to Be the Key Focus of the Modi Government


From Rs 3.3 trillion in June 2018, the number has come down sharply to Rs 2.1 trillion as of March 2019.

Co-head of research, Tanushree Banerjee believes this is first area the government will look to focus on.

Apart from creating jobs in the infrastructure sector, it opens a lot of other avenues.

Here's an excerpt of what she wrote in The 5Minute WrapUp:

  • Better infrastructure will mean better connectivity to non-metros. This will attract manufacturing companies to set shop in these towns. It will give a boost to the urbanisation of the population.

    This is a trend I see clearly playing out in the coming years.

    Infrastructure spending -> Improved roads -> Increased two-wheeler sales.

    It is just one of the 50 irreversible trends I believe will carry the Sensex to 1,00,000.

Typically, when the capacity utilisation rises, it prompts companies to expand their capacities. If this gradual pick-up sustains, it could lead to a pick-up in private sector investment.

Thus, a revival in the investment cycle could be underway despite the current economic slowdown.

And, as far as equity markets are concerned, participants were expecting a weak fourth quarter growth data.

As such, the now published data may not weigh on the market but will raise expectations from the government and the RBI.

The pressure points in the form of finance, tax rates, infra expenditure, specific sector-related policies etc, must be addressed.

While the weak GDP data will be an important input for the Union Budget.

Most investors are now keen to know what's in store in the first week of July.

Warm regards,
Rini Mehta



This article (FM Nirmala Sitharaman Inherits an Economy Facing a Number of Headwinds) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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How the YES Bank Collapse Unfolded - 10 Points

Posted by Equitymaster
      

In under 3 years, Yes Bank has gone from being a darling of investors to a pariah. Here's a look at the events that led to the crisis in 10 points.

  1. 2017: RBI forces Yes Bank to disclose that there is big divergence in its non-performing loans of Rs 42 billion reported in the company's audited accounts for the year ended March 2016. The divergence further widened to almost Rs 64 billion a year later. To put this in perspective, the RBI audit had pegged its total gross non-performing assets (NPAs) at 5% for FY16, against the bank's own assessment of only 0.8% for the same year.
  2. September 19, 2018: Not surprisingly, a year later, RBI refuses to give Yes Bank CEO Rana Kapoor an extension to his term as MD. The apex bank asks Kapoor to step down by end of January 2019. Kapoor fights back...but it always seemed like a battle he was set to lose.
  3. November 27, 2018: Rating agency Moody's cuts bank's rating outlook to 'negative' from 'stable' citing concerns over corporate governance. This is a big whammy...for a bank, its credit rating is everything.
  4. January 24, 2019: Yes Bank hires the head of Deutsche Bank India, Ravneet Gill, as its new CEO. There's hope...even though Gill has not run a bank of this size before. The stock price rallies 66% in the days following the appointment.
  5. May 14, 2019: RBI appoints former central bank Deputy Governor R. Gandhi as additional director to Yes Bank's board - a rare move signaling an increased level of scrutiny on the lender.

    Yes Bank reports 91% drop in profit in 1QFY20, provisions surge and gross NPA ratio stands at 5%.
  6. October 3, 2019: CEO Gill says bank is in talks with private equity firms, strategic investors and family offices to raise additional capital. Again, this appears to be good news.
  7. October 31, 2019: Yes Bank gets binding investment offer of US$ 1.2 billion from a global investor. But this does not go down well as credibility of the likely largest investor is questioned in the media.
  8. November 1, 2019: Yes Bank reports bigger-than-expected loss for 2QFY20, NPA to loans ratio swells to 7.4% and provisions swell to Rs 13.4 billion.
  9. March 6, 2020: It's been months now and there is little progress on capital raising (other than rumours floating around). RBI takes over Yes Bank's board and imposes a month-long moratorium, imposing a limit of Rs 50,000 on withdrawals.
  10. March 7, 2020: Stock price of Yes Bank crashes by nearly 60%. At it's worse the stock was down at Rs 5.7 that day. RBI shares a restructuring plan for Yes Bank...basically a bailout by SBI.

Well, then...that's the Yes Bank timeline. At the time of writing, stock price of Yes Bank was trading up by 31%.

Next time, when you think of buying a banking share...or making a deposit...be sure you understand the risk.



This article (How the YES Bank Collapse Unfolded - 10 Points) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know

Posted by Equitymaster
      

Coronavirus fears have spooked the investors worldwide with BSE Sensex and NSE Nifty falling over 25% this month, in line with many other global indices.

After sharp corrections in three trading sessions on March 9, March 12, and March 16 by 5.1%, 8.1% and 7.9% respectively, the Sensex crashed by an overall 22% this month.

Let's dive a bit deeper and look at how the impact has been on individual sectors...

  1. While all sectoral indices are in a sea of red since the outbreak of coronavirus, here's a look at the worst hit sectors since coronavirus outbreak:
    Sector Since 1 March (%) Since 1 Jan (%)
    BSE Metal -30% -45%
    BSE Bankex -31% -37%
    BSE Oil & Gas -24% -36%
    BSE Auto -24% -36%
    BSE Finance -30% -36%
    BSE Realty -31% -36%
    BSE Capital Goods -25% -33%
    BSE Power -22% -32%
    BSE Basic Material -26% -32%
    BSE Consumer Discretionary -24% -28%
    BSE IT -25% -27%
    BSE FMCG -18% -22%
    BSE Consumer Durables -24% -20%
    BSE Healthcare -15% -15%
    BSE Telecom -18% -14%
    *Note that prices are as on 19 March 2020
  2. As you can see in the table above, metal sector has been hit the worst on year-to-date (YTD) basis. Note that, the sector has been witnessing selling pressure since last two years. The coronavirus situation has only exacerbated the situation.
  3. Another sector that is largely impacted is banking and NBFCs. After being the most preferred in the Indian equity indices for over half a decade, things have changed for stocks in the financial sector. In India it is a double blow for financial sector in the form of YES Bank fallout and prolonged slowdown which increased the chances of credit quality deterioration.
  4. To put things into context, foreign institutional investors (FIIs) were heavily positioned in the Indian financial space, and stocks in the sector witnessed maximum inflows during good times. Downward spiral for financial sector began since IL&FS crisis.

    Both, BSE Bankex and BSE Finance Index have plunged over 30% since the beginning of the month.
  5. Shares of most hotel, leisure and airline firms have tumbled over 60% year-to-date, as the coronavirus outbreak across the world has forced people to cancel vacation plans. India also stand to lose foreign tourists due to the entry restrictions that have been put in place. And this has meant things getting worse for hotels and airlines sector.
  6. Out of the 90 stocks listed on BSE from tourism, hospitality and film distribution segments, only 15 have given positive returns YTD.
  7. Another sector that's facing the brunt is the automobile sector. Coronavirus couldn't have come at a worse time for India's auto sector that is battling a prolonged slump in demand. The virus outbreak has added to the pain, hitting production and lowering the demand even further as consumer spending is unusually low. Reportedly, the correction in the auto index is now close to what was seen during the 2008 global financial crisis. BSE Auto Index is down 36% on a YTD basis.
  8. The fall in other indices like FMCG, consumer durables, capital goods and IT is relatively moderate as they do not have any direct impact of the pandemic. However, they too have been witnessing selling amid the sharp correction in Indian share markets.
  9. Interestingly, Indian pharma has been doing much better than the overall index. Since the beginning of March 2020, the Sensex is down by 26% while the BSE Healthcare index is down only by 15% (till 19 March 2020).
    • One factor is the rupee weakness which has weakened well beyond the Rs 75/$ mark. A weak rupee helps exporters and pharma obviously benefits.
    • Another factor is the spread of the novel coronavirus has led global investors to rush for pharmaceutical stocks recently, on back of a rise in demand for generics and branded generics leading to shortages and over-pricing for drugs.
  10. However, as the markets took a breather on Friday, the sectors that rallied the most were BSE FMCG, BSE IT and BSE Oil & Gas indices, gaining over 8% each.

What do you think will be the long-term impact for these sectors? Well, you can let us know by dropping your views in the comments section below.

While most sectors have been falling, our co-head of research, Tanushree Banerjee believes in long term, Indian auto ancillaries, textiles, chemical companies, Pharma R&D contract manufacturers, will all be the major beneficiaries of what she calls the Rebirth of India megatrend.

Also, in times like these, our special report, How to Trade the Coronavirus Crash, will help you get a grip on the current market situation...and figure out ways to profit from it.

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This article (Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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How Corona Crash Hit Indian Financial Markets in March 2020 - 6 Charts

Posted by Equitymaster
      

Stock markets around the world witnessed one of the most painful correction phases in the month of March 2020.

Indian stock markets too mirrored the trend.

Here are six charts showing how Indian financial markets performed in March 2020.

  1. Record Wealth Destruction

    In the month of March 2020, the Sensex fell as much as 23%.

    It is not the month where the market has fallen the most. That honor goes to October 2008 where markets tanked 23.9%, beating the 23.1% the market lost last month by a whisker.

    However, March 2020 wins hands down in wealth destruction.

    Wealth destruction of Rs 4.4 lakh crores back in 2008 pales in comparison to the Rs 14.6 lakh crores worth of wealth destroyed on the Sensex in the last month alone.

    March 2020 the Second Worst Month in History

  2. Huge Selling Pressure for Individual Stocks

    Except two, all the stocks in the BSE Sensex plunged in March 2020.

    The decline was mainly led by banking stocks and financial stocks.

    Stocks such as IndusInd Bank, Bajaj Finance, and Axis Bank fell as much as 40%-70%.

    Top BSE Gainers and Losers in March 2020

  3. All Sectors in a Sea of Red

    Among sectors, all the BSE indices gave negative returns in March 2020.

    BSE Realty, BSE Bankex, BSE Finance, and BSE Auto Index fell more than 30%.

    It was a double whammy for banking and finance stocks that witnessed most of the brunt on the back of coronavirus outbreak and Yes bank crisis.

    Worst Hit Sectors in March 2020

  4. Crude Oil Slumps Over 50%

    Crude oil crashed over 50% in March 2020.

    The fall was seen because of oversupply amid subdued demand.

    Oil prices crashed last month in what was the worst price dip since the 1991 Gulf War with Brent prices plunging to US$ 31 per barrel.

    Oil markets faced a double whammy from the coronavirus outbreak and a price war between Saudi Arabia and Russia after OPEC and other producers failed to agree on deeper cuts to support oil prices in early March.

    Shares of oil marketing companies such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), GAIL, ONGC, Indian Oil Corporation (IOC) and Indraprastha Gas were in focus in March amid record low crude oil prices.

    They witnessed buying interest and capped most losses led by the stock market crash.

    In his latest video, Ajit Dayal shares his views on the impact of the coronavirus crisis and the oil price war on the Indian economy and the stock market. You can view the same here.

    Crude Oil Continues Free Fall

  5. Gold Prices Shine

    Base metals also remained under pressure as lockdown imposed in several parts of the world curbed demand, pushing stockpiles higher.

    However, gold prices rose 3% in March 2020 as demand for the safe haven asset rose with market participants bracing prolonged uncertainty in the wake of the novel coronavirus outbreak.

    To know more about gold, you can check one of Vijay Bhambwani's recent articles here: Is the Price of Gold About to Go Higher?

    Gold Witnesses Buying

  6. Rupee Hits Record Low in March 2020

    Massive sell-off in equities and bonds led to a huge fall in rupee against the dollar in the month of March.

    The rupee hit a record low of 76.32 against dollar earlier this week.

    Most of the selling pressure for rupee was seen on the back of slump in equities and currencies globally. Investors were concerned that support measures from governments and central banks may be insufficient to halt the economic damage caused by the coronavirus pandemic.

    Rupee Continues Downtrend

So, that was a round-up on how Indian financial markets performed in the month of March 2020.

At times like these, while we must do everything we can to guard against the coronavirus, we must not ignore our money.

Our special report, How to Trade the Coronavirus Crash, will help you get a grip on the current market situation...and figure out ways to profit from it.

This is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. I strongly recommend you read it now. Claim your FREE copy here...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!



This article (How Corona Crash Hit Indian Financial Markets in March 2020 - 6 Charts) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Indian Banking Sector Amid the Corona Crash - 10 Points to Know

Posted by Equitymaster
      

Most sectors in the Indian share markets have been drowning in a sea of red due to the crash led by coronavirus outbreak. The biggest blow, however, has been felt by the banking sector.

The sector was already reeling under pressure due multiple factors for quite some time. And things started getting worse since the start of 2020.

Here's a timeline showing some major events that happened in the Indian banking sector and led to the slowdown we are witnessing in the past few months...

  1. Mounting Pile of Bad Loans: Indian banks have for years worked to beat down mounting piles of bad loans of the sort that led to the Yes Bank fallout. The ratio of gross non-performing assets (NPAs) at Indian banks rose to 11% in 2018 from about 2% in 2008, before starting to ease off.
  2. IL&FS Crisis Kicks Off the Downward Spiral: Foreign institutional investors (FIIs) were heavily positioned in the Indian banking and financial space, and stocks in the sector witnessed maximum inflows during good times. However, they started noticing cracks with consistent negative performance in the banking and financial sector and started moving out of them. The downward spiral for these sectors began since IL&FS crisis camec out into the open.
  3. Credit Quality Deteriorates: After being the most preferred sector for over half a decade, things started changing for stocks in the banking sector since 2020. This came as the sector witnessed a double blow in the form of YES Bank fallout and prolonged economic slowdown. And all this only led to credit quality deterioration for banks.
  4. YES Bank Crash: The Yes Bank crisis and the sight of Rana Kapoor being taken to court in early March came in as one of the worst months for India's banking sector.
  5. Bailout for Yes Bank: To save Yes Bank, a range of Indian lenders led by the State Bank of India (SBI), infused funds in return for an equity stake. The episode came as a jolt to investors, who worried it could exacerbate vulnerabilities in the financial system.
  6. Panic Selling Amid SC Order: Then came another blow. Before the dust settled on Yes Bank, the Supreme Court ruled that telecom operators must pay dues worth billions owed to the government. This caused panic-selling in bank stocks due to their heavy exposure to the telecoms sector.
  7. Coronavirus Threat: The challenges now facing India's banking sector have reached another order of magnitude due to the coronavirus threat to the economy. Banking stocks have been among the hardest hit.
  8. Sharp Fall for BSE Bankex: The BSE Bankex has fallen about 46% so far this year, outpacing the 32% fall in the BSE Sensex. Shares of Axis Bank and IndusInd Bank have lost the most during this period.
  9. Relief Measures: Owing to all these shocks, banks have sought various relief measures. On 27 March 2020, the Reserve Bank of India (RBI) came out all guns blazing to arrest a potential slowdown caused by coronavirus (Covid-19). It did not just lower the cash reserve ratio (CRR) by 1% to 3% but also cut the repo rate by 0.75%. Also, there is a three-month moratorium on payment of loan installments.
  10. PSB Merger: Then came the major announcement effective from 1 April 2020. First announced in August 2019, the government's ambitious plan to merge 10 state-owned banks into four came into effect from 1 April 2020. The move, aimed at strengthening the banking system and creating more large institutions with size and scale, has seen...
    • Oriental Bank of Commerce and United Bank of India merged into Punjab National Bank,
    • Andhra Bank and Corporation Bank merged into Union Bank of India,
    • Allahabad Bank merged with Indian Bank, and
    • Syndicate Bank amalgamated into Canara Bank

So, that were some top pointers on what the Indian banking sector has been going through amid the coronavirus led stock market crash.

I reached out to Tanushree Banerjee, who is closely tracking the banking sector in the current scenario. Here's her view on the sector...

  • The Covid-19 lockdown has hit cash flows of both individual borrowers and corporates. This, in turn, will impact their loan repayment capability.

    The RBI's repo rate cut came as a temporary lifeline for Indian companies with debt on books. It will offer both companies and retail borrowers some breather. If banks use this phase judiciously, it may save the NPA ratios from worsening significantly.

    However, only the banks that have adequate capital and provisioning cushion may be able to tide over the economic crisis. Eventually, another round of consolidation in private sector banks, like the one after 2002, cannot be ruled out.

Tanushree's latest StockSelect recommendation is one such midcap bank.

You can read the entire report here (requires subscription).

Also, speaking of ongoing stock market crash, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can claim your FREE copy here...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!



This article (Indian Banking Sector Amid the Corona Crash - 10 Points to Know) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




an

The Sharp Fall in Indian Rupee: 6 Points to Know

Posted by Equitymaster
      

As the Coronavirus pandemic continues to haunt the global financial markets, the rupee has been hit badly.

The domestic currency has been continuing its downtrend and hit its record low level against the dollar last week.

Here's a timeline showing how the Indian rupee has performed lately and the factors behind it...

  1. Rupee in 2018:

    The Indian rupee was the worst performer in Asia in 2018. As can be seen from the chart below, it fell by around 12% against the US dollar. This was seen due to a strong dollar and high oil prices in 2018. Similarly, the spill-over from the emerging-market turmoil in Argentina and Turkey weighed on the rupee in 2018.

    Indian Rupee: The Worst Performing Currency in Asia in 2018

  2. Rupee in 2019:

    The rupee traded on a volatile note last calendar year. However, for most of 2019, it traded on a negative note against the US dollar.

    While it started the year at 69.71 against the US dollar and also witnessed some uptrend from April 2019 to August 2019, it went on to depreciate during the end of the year. On December 2019, it ended at 71.31 against the US dollar.

    Rupee Trades was Volatile in 2019

  3. Rupee in 2020 So Far:

    On a year-to-date (YTD) basis, the rupee has depreciated sharply against the US dollar. While it started the calendar year 2020 at 71.28 against the US dollar, it is currently trading at 76.27 against the US dollar. This translates to a depreciation of around 7% for the domestic currency.

    YTD Performance of the USD/INR

  4. Downtrend in March 2020:

    The massive sell-off in equities and bonds led to a huge fall in rupee against the dollar in the month of March 2020. Most of the selling pressure was due to the slump in equities and currencies globally.

    Investors were concerned that support measures from governments and central banks may be insufficient to halt the economic damage caused by the coronavirus pandemic.

    Here's how the currency performed in the month of March:

    Huge Depreciation of the Rupee in March 2020

  5. Rupee Hits Record Low in April 2020:

    The rupee fell to a new record low of 76.55 against the US dollar on 9th April, 2020.

    This was seen as a rise in coronavirus cases fanned fears of the government extending the lockdown to contain the pandemic.

  6. Factors Behind the Rupee's Fall:

    Some major factors behind the recent fall in rupee are...

    • Weak sentiments in the currency markets due to global risk aversion
    • Sharp fall in the Indian stock markets
    • Sharp fall in global financial markets due to coronavirus fears
    • Strengthening dollar
    • Thin liquidity due to reduced participation

These are some top pointers on how the Indian rupee has been performing in recent years and amid the coronavirus led stock market crash.

I reached out to Vijay Bhambwani, editor of Weekly Cash Alerts, who is closely tracking the Indian rupee in the current scenario. Here's what he has to say...

    The onset of Corona virus has not been kind to the INR.

    The Rupee futures (USDINR ) opened in March at 72.36 and have closed at 76.61 on April 09 2020. That is a decline of 5.87% in 6 short weeks.

    The implications of the same will be widespread. India is a net importing Country. Everything that we import will now be more expensive. Approximately two thirds of all our imports are fossil fuels. Fuels are what we call multiplier effect commodities. If fuel prices rise at the petrol pumps, everything from fruits, vegetables, grains to dairy and poultry products get expensive.

    That impact will be felt at a later date. I expect the trickle down effect to start appearing in prices after the April-June quarter is over.

    I have already factored in this aspect in my statistical data model and plan to identify such events to generate profitable trading opportunities for my WCA plan subscribers.

Vijay has also talked about the Indian currency in a special edition podcast from Investor Hour. He shares what's around the corner for Indian rupee and how to should position oneself for potential gains.

You can listen the entire episode here...


Speaking of ongoing stock market crash, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can claim your FREE copy here...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!



This article (The Sharp Fall in Indian Rupee: 6 Points to Know) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




an

Virat Kohli is like Kapil Dev, says Krishnamachari Srikkanth

Former India captain Krishnamachari Srikkanth said that current skipper Virat Kohli can be compared to Kapil Dev. Srikkanth was part of the squad that Kapil led to victory in the 1983 World Cup and feels that Kohli's self-believe is reminiscent of the former all-rounder.

"I played with Kapil Dev and played under him. I can compare Virat Kohli with Kapil Dev. I see a tremendous amount of self-belief in him," Srikkanth said on Star Sports Cricket Connected where he was chatting with former batsman VVS Laxman and former England skipper Nasser Hussain.

Laxman said that he was afraid that Kohli's famous intensity might burn out in time but that has shown little signs of happening. "I admire Virat Kohli's intensity. One thing I was worried about was whether he will burn out quickly. But not even for one session or one over does he let his intensity drop and that is really commendable,"

Laxman said on the TV show. Kohli averages above 50 in all forms of international cricket. In Tests, he has scored 7240 runs at an average of 53.62 and in ODIs, he has scored 11,867 runs at an average of nearly 60.

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So many questions unanswered: Kumar Sangakkara on Sri Lanka Easter bombing

Former Sri Lanka captain Kumar Sangakkara on Sunday said someone must answer to the questions which are still unanswered in regards to the Sri Lanka Easter bombing last year.

"A year on we all share the pain of the families grieving lives lost, we stand with you and for you. We remember. So many questions still unanswered, but answer them someone must," Sangakkara tweeted as people across the world celebrated Easter on Sunday.

Sri Lanka celebrated a quiet Easter Sunday amid the coronavirus lockdown, while remembering the victims of the terror attacks that killed at least 270 people on the resurrection day last year. People largely stayed indoors and offered prayers from home with the Archbishop of Colombo, Cardinal Malcolm Ranjith, leading an Easter mass from a TV studio because of the pandemic.

The attacks wounded over 500 and deepened communal tensions in Sri Lanka. The bombings, carried out by local Islamist extremists with suspected foreign ties, was claimed by the Islamic State. Police said that they have killed or arrested all suspects in various counter-terror operations carried out in the days after the mayhem.

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Virender Sehwag reveals his batting inspiration is this Ramayan character

Former Indian opener Virender Sehwag has stated the real inspiration behind his swashbuckling batting technique was 'Angad' -- a character in mythological epic 'Ramayan'.

Sehwag, who was known for his great hand-eye coordination with minimal footwork, on Sunday shared a picture of 'Angad' on Twitter and said: "So here is where I took my batting inspiration from. Pair hilana mushkil hi nahi, namumkin hai. #Angad Ji Rocks."

According to mythology, it is believed that Angad -- who was part of vanar sena which helped Lord Ram in rescuing his wife Sita from Lanka -- was sent as an emissary to the court of Ravan in order to avoid war.

However, Ravan declined the offer and then to break his ego, Angad challenged that if anyone present in the court would be able to lift his feet from the ground then Lord Ram would accept defeat and leave Lanka.

But it is believed that none of the warriors present in Ravan's court was able to lift Angad's feet.

Sehwag, who played 251 ODIs and 104 Tests for India, scored 8,273 and 8,586 runs respectively. In fact, he is the only Indian cricketer to hit two triple centuries in Test cricket.

The swashbuckling opener also played 19 T20Is for India in which he amassed a total of 394 runs.

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Lockdown Diaries: Smriti Mandhana sleeps 10 hours, watches movies, plays ludo, works out

Working out, washing utensils, watching movies and playing Ludo online -� these are some of the few activities which ace Indian batter Smriti Mandhana is indulging during the lockdown period in place as the country battles the coronavirus outbreak.

In a one-minute 38 second video shared by the BCCI, Mandhana has revealed her day to day activities in order to make sure how she makes the most of the lockdown period currently in place in the entire country.

She is working out as per the training schedule given by Team India trainer. "Staying fit is very important, so I am working out. I keep in touch with the trainer and receive the feedback. He keeps sending us (all Indian players) all the workouts that we need to follow."

"The other thing I like is spending time with my family. We love playing cards. I help my mother with cooking. I guess washing utensils has become a part of my daily routine. However, my favourite pass time is to trouble my brother," said the left-handed Indian batswoman.

"The third thing which is love is watching movies. I am a big movie buff. So, I make sure I watch two-three movies a week, not many because I don't want to get addicted. I want to spend time with my family.

"The best thing which I love doing the most at home is sleeping. I make sure I sleep for at least 10 hours to keep myself happy the entire day," she added.

The star Indian batswoman also urged people to stay indoors during the lockdown. "Stay home, stay safe and keep yourself physically and mentally fit."

India has been in lockdown since March 25, a step taken in order to stop the spread of coronavirus which has so far claimed more than 300 lives in the country. However, with an upstage in number of infected people, the lockdown is likely to be extended further after Tuesday.

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Michael Vaughan's cheeky comment to Ravindra Jadeja's swordsmanship post

As all-rounder, Ravindra Jadeja shared a video to show-off his swashbuckling swordsmanship, former England skipper Michael Vaughan left a cheeky comment on the Instagram post.

Jadeja had shared a video on Instagram on Sunday to show off his trademark swordsmanship. However, taking the note of the grass in Jadeja's lawn, Vaughan replied: "Your grass needs a mow rockstar".

On Sunday, the left-handed Jadeja was displaying various moves with the sword in the video posted on Instagram.

 
 
 
View this post on Instagram

A “SWORD” MAY LOOSE IT’S SHINE,BUT WOULD NEVER DISOBEY IT’S MASTER. #rajputboy

A post shared by Ravindra Jadeja (@royalnavghan) onApr 12, 2020 at 6:45am PDT

The cricketer is very-well trained in swordsmanship and he has also made it popular by swinging his bat like a sword in cricket matches whenever he crosses the mark of 50 or 100.

Last week, Australian batsman David Warner had also shared a throwback video from the last year's Indian Premier League (IPL) in which he was swinging his bat like a sword.

The SunRisers Hyderabad skipper was swinging the bat like a sword for a commercial and he immediately broke into laughter once the director said cut.

Warner had also asked the fans to give their opinion on as to how he did as compared to Jadeja.

With the country battling COVID-19, all sporting activities have been either postponed or stand cancelled. The upcoming Indian Premier League (IPL) has also been suspended till April 15.

Jadeja is part of the IPL franchise Chennai Super Kings and he would have been in action if the tournament had started as planned on March 29.

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Dav Whatmore to coach Baroda Ranji team

Former Australia batsman and Sri Lanka's 1996 World Cup-winning coach, Dav Whatmore is set to become the Baroda Ranji Trophy team's first overseas coach.

Whatmore, 66, who coached Kerala for the last three seasons, will replace Sanath Kumar as head coach of the team. He will also be the Baroda Cricket Association's cricket director for next two seasons.

"We have almost finalised Whatmore and will give him a letter of intent in a couple of days. Chandrakant Pandit and Sulakshan Kulkarni were also in the fray, but Pandit became coach of Madhya Pradesh, so we decided to go with Whatmore," BCA secretary Ajit Lele told mid-day on Monday.

Ajit, the son of former BCCI secretary Jaywant Lele, also revealed that Whatmore will be the most expensive first-class coach in India. "He will become the most expensive coach of a first-class team in our country and also the first foreign coach of a Baroda Ranji Trophy team. He has huge experience of handling national teams like Sri Lanka, Pakistan and Bangladesh so we gave him priority," Lele remarked.

Whatmore's manager Kaustuv Lahiri, who also manages South Africans Lance Klusener (head coach of Afghanistan) and Russell Domingo (Bangladesh's head coach) confirmed the development. Baroda, who were Ranji Trophy champions in the 2000-01 season, managed to win just two games for 14 points in eight matches last season.

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'MSD played his last match for India in Manchester v NZ'

With the fate of the IPL hanging in balance, the future of former skipper M.S. Dhoni has been the talk of the town since the cash-rich league was set to be the platform to decide if Dhoni will make a return to the Indian team for the World T20 in Australia. And former opener Aakash Chopra feels it is highly unlikely Dhoni will play for India again.

"MS Dhoni has not told anyone anything. He has a different story. What almost everyone thinks is that he might return to the Indian team if he performs well in the IPL. But I personally feel he played his final match for India at Manchester against New Zealand," he said in a YouTube video with former Pakistan skipper Ramiz Raja.

"Since then, he has not made himself available to the team. He has not been dropped. I feel he has made up his mind that he is no longer going to play for India."

But the former opener feels there can be a change in stance if either BCCI President Sourav Ganguly or the team management calls for his services.

"Unless, of course, Sourav Ganguly, Virat Kohli or Ravi Shastri pick up the phone and tell Dhoni to help the team out in the T20 World Cup. If they tell Dhoni that they want him to play the World Cup, then there is a chance he could return," he said.

"Otherwise, in my opinion, Dhoni has made up his mind that 'I am not going to play, I don't need a farewell match. I came quietly, I will leave quietly'. He doesn't need grandstanding. He is not that kind of player."

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Brazilian model gets batting tips from her coach boyfriend during lockdown

With people finding various ways to spend time during quarantine amid the Coronavirus pandemic, a Brazilian model challenged her cricket coach boyfriend to teach her how to bat during the 21-day isolation period.

And they are doing it. According to a report in dailymail.co.uk, Coco Cuhna suggested her boyfriend Gio Colucci that it might be fun to see if he could show her how to bat. "I was joking...he took it very seriously," Coco said.

"I thought Oh my gosh, what have I got myself in for!" Coco revealed she is spending 25 minutes a day learning how to pull, cut and drive from Gio, who is a director at The Cricket Academy in Cape Town, South Africa and has coached the likes of England batsman Tom Wesley, Derbyshire captain Billy Godleman and Ben Curran, brother of England duo Tom and Sam.

"I had never had any contact with cricket before, I never even knew about it before I moved to South Africa," said the Brazilian model. However, after a fortnight, Coco is now enjoying the drill.

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Danish Kaneria replies to Inzamam's jibe: If PCB had supported me, I would have broken many big records

Former Pakistan leg-spinner Danish Kaneria might be currently serving a life ban for his involvement in fixing, but he has once again taken the attack to the Pakistan Cricket Board saying that he wasnt supported enough by the PCB.

In a YouTube video, former Pakistan skipper Inzamam-ul-Haq had spoken about how Brian Lara had taken Kaneria to the cleaners even though the Pakistan captain had placed fielders on the boundary and thereby shown his true class.

But taking to Twitter, Kaneria wrote: "I have taken @BrianLara's wicket 5 times in my career. He was a good cricketer. If PCB had supported me, I would have broken many big records."

Describing the episode, Inzamam had said: "Kaneria bowled a googly and Lara hit the ball back towards the bowler, coming out of his crease. Danish said ‘well played Brian', which prompted Lara to say ‘okay sir'. The next three balls were all dispatched over the boundary.

"I was the captain of the side so I went over to Danish and told him to tease Lara a bit more. I felt he was angry so we might make him throw away his wicket. I placed the fielders on the boundary in anticipation of big shots but he still managed to outfox us by hitting Danish to all parts of the ground."

Kaneria had earlier asked Yuvraj Singh and Harbhajan Singh to help the hindus in Pakistan as they fight the coronavirus outbreak.

"I request @YUVSTRONG12 and @harbhajan_singh to make a video for the minorities living in Pakistan as well. They need your help in this moment of #coronacrisis," Kaneria had said in a tweet.

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Former Pakistan cricketer Zafar Sarfraz dies of coronavirus at age 50

Former Pakistan first-class cricketer Zafar Sarfraz has died of COVID-19. According to a report in geo.tv, Zafar succumbed to the novel coronavirus at the Lady Reading Hospital late Monday. The 50-year old is the first professional cricket player from Pakistan to succumb to the coronavirus, after testing positive last Tuesday. He had been on a ventilator for the past three days, hospital officials added.

Zafar, a left-handed batter and slow left-arm orthodox bowler, played first-class cricket from 1988 to 1994 and List A cricket from 1990 to 1992. He made 616 runs from 15 first-class games for Peshawar and also had 96 runs from six one-day games before retiring in 1994 and moving on to coach both the senior and the Under-19 Peshawar teams in the mid-2000s.

Zafar was the brother of late Pakistan international cricketer Akhtar Sarfraz, who went on to play four ODIs between December 1997 and October 1998, scoring 66 runs in four innings.

Last month, great Pakistani squash player Azam Khan had also died of novel coronavirus at the age of 95. Azam, who won four consecutive British Open titles between 1959-62, had tested positive for COVID-19 in March end and breathed his last in London's Ealing Hospital.

Over 5,000 confirmed coronavirus cases have been reported so far in Pakistan, including 96 deaths.

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Virat Kohli is good enough to adapt to any situation: Nathan Lyon

As all sporting action across the world has come to a halt due to the coronavirus pandemic, Australian bowlers are pondering as to how Indian skipper Virat Kohli might play in front of no spectators. India and Australia are scheduled to play a four-match Test series later this year, and it is being speculated that the series might end up taking place without any crowds due to the COVID-19 pandemic. Australian spinner Nathan Lyon on Tuesday said that it would be interesting to see how Kohli goes about it if he does not get a chance to get the audience behind him. "He is probably good enough to adapt to any scenario. But I was talking to Mitch Starc the other day and we actually said that if we are playing with no crowd, it'll be quite amazing to see Virat trying to rev up the empty seats," cricket.com.au quoted Lyon as saying.

"It is going to be a little bit different, but Virat is a superstar. He will be able to adapt to any climate that we are able to play in," he added. During the 2018-19 series, India managed to defeat Australia in Australia for the first time in a Test series. Australia, at that time were without the services of David Warner and Steve Smith. However, the series later this year promises to be a mouth-watering prospect. "I am excited about the prospect of India coming out to Australia, it's up there with the biggest series alongside the Ashes. They are an absolute powerhouse of the cricket world, and to have those guys out here is going to be fantastic. Playing in front of crowds or no crowds is out of our control, we have got to follow the advice of all the amazing medical people around the world," Lyon said.

"I have not thought about no crowds or massive crowds, it is just about the opportunity of playing against India again. They had the wood over us last time they came over here but we are a much stronger Australian cricket side at the moment, and I am just unbelievably excited about playing them here at home," he added. Lyon was slated to represent Hampshire in County Championship this year, however, his stint was called off last week due to COVID-19. He is Australia's third-highest wicket-taker in the longest format of the game as he has total of 390 wickets in Test cricket. Lyon was last seen in action in the Big Bash League for Sydney Sixers.

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Allan Border: T20 WC in empty stadiums defies belief

Former Australia captain Allan Border has given a thumbs down to the concept of Australia hosting the ICC WorldT20 in empty stadiums in the wake of the COVID-19 pandemic. Currently, the Australian government has sealed its border for six months till September 30 to deal with the global health crisis which has claimed 61 lives and infected 6400 in the country. With the flagship event starting October 18, there are speculations that Cricket Australia might be forced to conduct matches in empty stadiums, something that is not acceptable to the World Cup winning former skipper.

"I just can't imagine playing at empty stadiums ... it defies belief," he told Fox Sports News. In fact, Border said that he doesn't see the World T20 happening if spectators are not allowed inside the stadiums as the purpose of the sport is lost. "Having teams, support staff and everyone else associated with the game wandering around the country, playing games of cricket, but you can't let people into the grounds. I just can't see it happening," Border said.

For him, it's an either-or situation for Cricket Australia. "It's either you play it and everyone just gets on with the job and we're past this pandemic or it just has to be cancelled and you try to fit it in somewhere else," said the 64-year-old Border.

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Video: Hardik Pandya asks Natasa Stankovic, 'baby main kya hoon tera? and her reply is hilarious!

India cricketer Hardik Pandya is not just an entertainer on the cricket field but off it too.

On Tuesday, a video of Hardik Pandya surfaced on Instagram where he is seen entertaining his social media followers alongside fiancee Natasa Stankovic.

In the video that went viral, Hardik Pandya asks Natasa Stankovic, "Baby, main kya hoon tera? [who am I to you]." The Serbian model-actor hesitates for a bit before replying: "Jigar ka tukda [a piece of my heart]" after which both burst out laughing at her accent. Take a look at the video below.

Hardik Pandya and Natasa Stankovic's dating rumours began in early 2019. Hardik Pandya shocked the world when he announced that he proposed to Natasa Stankovic on New Year's Day 2020 confirming that they were engaged.

Natasa Stankovic has appeared in many reality shows, most notable ones being, Bigg Boss 8 and Nach Baliye 9.  

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Shikhar Dhawan looking to fine-tune musical skills amidst lockdown

The current lockdown has seen people restricted indoors and many are picking up new hobbies. Energetic India opener Shikhar Dhawan on Tuesday revealed he is trying his hand at playing a flute and honing his overall musical skills.

"Playing a musical instrument, the vibrations you can feel inside your body. Music gives you peace and everybody should try to learn how to play a musical instrument now especially because we have so much time to spend at home due to the lockdown," Dhawan said while chatting with India middle-order batsman Shreyas Iyer on Instagram Live.

The dashing southpaw also played the flute on Iyer's request.

Dhawan picked Dale Steyn as the most difficult bowler he has faced along with off-spinners on turning wickets.

Asked to pick his most special knock, Dhawan chose the match-winning hundred against Australia in the 2019 World Cup.

"Mardo walli feeling aayi (it was a big daddy innings)," Dhawan said.

Dhawan had slammed 117 off 109 balls against the defending champions at The Oval on June 10 as India won by 36 runs. That turned out to be the final tie he played as he was ruled out with a thumb fracture for the remainder of he competition.

India crashed out in the semi-finals, losing to New Zealand.

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'What a win', Sourav Ganguly recalls historic 2001 Test against Australia

Former Indian captain and Board of Control for Cricket in India (BCCI) president Sourav Ganguly on Wednesday recalled the historic Test victory against Australia at Eden Gardens in Kolkata in 2001.

A user had shared the celebratory moments from the 2001 Test. On that post, Ganguly commented, "What a win." In that Test, India clinched a 171-run win over Australia and became the third team in the history of Test cricket to win a match after being forced to follow-on.

Australia had made 445 in their first innings, courtesy Steve Waugh's brilliant hundred. However, it was Indian spinner Harbhajan Singh who stole the show at Kolkata with his spectacular seven wickets, including the first hat-trick in India's Test history.

In its first innings, India folded for 171 runs and were asked to follow-on by Australia. The Sourav Ganguly-led side played cautiously in the second innings and lost three wickets for 115 runs. India lost Ganguly in the 67th over of the innings, with the side getting reduced to 232/4.

Rahul Dravid joined VVS Laxman in the middle. The next 104 overs were a nightmare for the Aussies as the Indian duo stitched a 376-run stand to revive the innings and helped the team stage a dramatic comeback in the match.

Dravid scored 180 runs, while Laxman slammed 281, his highest score in Test cricket. India gave a target of 384 runs to Australia. However, the Waugh-led side were not able to achieve the target and bowled out for 212, handing India a massive win.

Harbhajan was again the pick of the Indian bowlers as he scalped six wickets. The Eden Gardens Test is best remembered for India's miraculous revival in the second innings and Laxman's knock of 281 runs, which was one of the most marvellous innings played in the modern era. Laxman's stunning innings also halted Australia's record of 16 successive Test wins.

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Matt Henry's contract with Kent cancelled due to coronavirus crisis

New Zealand pacer Matt Henry will not be playing for England's county Kent Cricket due to the ongoing COVID-19 pandemic and disruption to the 2020 county cricket season.

"Kent Cricket can confirm that New Zealand International Matt Henry will no longer be joining the Club for the first seven County Championship matches of 2020," the club said in a statement.

Henry was due to join Kent - for whom he starred in 2018 - for seven County Championship games at the start of the season, but with all professional cricket cancelled in the UK until May 28 at the earliest, it became clear that he would be unable to play for the club.

The Kiwi player becomes the fourth player - after Nathan Lyon, Cheteshwar Pujara and Michael Neser - to miss out on a stint in county cricket due to the virus.

Paul Downton, Kent's director of cricket, said: "Once the decision was announced by the ECB that there would be no cricket until at least the end of May it became inevitable the Matt would not be returning to Kent this season."

"The club continues to enjoy a good relationship with Matt. He has many friends here and the overwhelmingly positive feedback we received when we announced that he would return in 2020 is a measure of Matt himself: he's a fantastic person on and off the cricket field," he added.

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Watch video: David Warner joins TikTok on fan's request, asks for help

With the coronavirus outbreak bringing the world to a standstill, sporting events across the globe have either been cancelled or suspended and that has seen sporting heroes spending time with fans on social media. And Australia opener David Warner has now opened a TikTok account and has asked fans to help him.

Taking to Instagram, Warner wrote: "Ok, I have zero idea what's going on but have been told to do tik tok by my 5 year old @davidbullwarner31 and I have zero followers I need some help please and they love @tonesandi."

Warner had earlier shaved his head in support of those working on the frontline for COVID-19. "Been nominated to shave my head in support of those working on the frontline #Covid-19 here is a time lapse. I think my debut was the last time I recall I've done this. Like it or not??" Warner said in an Instagram post with a video of the dashing left-hander trimming his hair in time-lapse mode.

The Australia opener has been constantly interacting with fans on social media and he took to Instagram to show fans a shoot from last year during the IPL where he is wielding the bat like a sword just as Ravindra Jadeja does after scoring a fifty.

Taking to Instagram, he posted the video and wrote: "Throwback to this time last year to a commercial we were doing for @sunrisershyd Do you think I've got @royalnavghan covered for the sword?"

Warner's teammate and former Australia skipper Steve Smith had said that he was hoping that the IPL is played out at some stage this year rather than getting cancelled due to the pandemic.

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We have to defeat COVID-19 and win World Cup of humanity: Ravi Shastri

Indian cricket team head coach Ravi Shastri on Wednesday urged people to beat coronavirus by staying at home and by maintaining social distancing. He termed the virus 'mother of all World Cups' and asked people to combat this disease together and win the World Cup of humanity.

Taking to Twitter, Shastri shared a video post where he cited cricket examples to aware people about the seriousness of the COVID-19 pandemic. "As I would know, sports teaches you life lessons that can be applied to just about anything you want to pursue in rest of your life. Today the COVID-19 has put us in a situation where we got our backs to the wall. To combat this coronavirus is like chasing a World Cup where you give your everything in trying to win it. What's staring you at the face is no ordinary World Cup. This is the mother of all World Cups where not just eleven are playing but 1.4 billion are in the playing arena and competing. Guys we can win this. For that, we have to observe the basics. You have got your Prime Minister leading from the front ahead of the curve like other countries have farmed out," Shastri said.

"You have to obey the orders that come from the top: be it centre, state or the frontline workers who are risking their lives. Two orders that stand out: staying home and maintaining social distancing. It is not easy but to win the game you got to go through the pain to break the chain and see the gain. Come on, guys! let's do it together. Let us get out there in a bruit force of 1.4 billion and beat this corona and get your hands on the World Cup of humanity. Let's do it," he added.

With 1,076 new COVID-19 cases reported in the last 24 hours, India's tally of coronavirus cases has risen to 11,439, said the Union Ministry of Health and Family Welfare on Wednesday.

Out of the total tally, 9,756 cases are active while 1,306 patients have been cured/discharged and migrated. With 38 new deaths reported in the last 24 hours, the death toll rises to 377.

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Pakistan cricket doesn't need India to survive, says PCB chief Mani

Pakistan Cricket Board has suffered massive revenue losses but it doesn't need India to "survive" and keep its finances flowing, PCB chairman Ehsan Mani said on Tuesday.

Terming the BCCI as "unreliable", Mani said Pakistan cricket is vibrant and strong enough despite not playing any bilateral series with India for long. "We have suffered losses but they (India) are not in our thinking or planning. It is like a Pie in the Sky situation. We have to live without them and we don't need them to survive," he said in a podcast released by the PCB's media department.

"I am clear if India doesn't want to play we have to plan without them. Once or twice they have made promises to play against us but pulled out at the last moment," the former ICC head added. India had avoided playing Pakistan in a full bilateral series since the Mumbai terror attacks in 2008.

Mani said resumption of bilateral cricketing ties with India in the foreseeable future is uncertain. "Right now we play against them (India) in ICC events and Asia Cup and that is okay because we are interested in playing cricket. "We want to keep politics and sports apart," he said.

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COVID-19: Smriti Mandhana enjoys 'maa ke haath ka khaana' and 'papa ki kahaaniya'

India women’s cricketer Smriti Mandhana posted this picture to her two million Instagram followers, enjoying lunch with her parents during the Coronavirus lockdown. “Nothing compares to Maa ke hath ka khana and Papa ki kahaniya sunna [food cooked by mom and listening to dad’s stories],” she captioned the post that went on to receive nearly four lakh ‘likes’ within a few hours.

See the full post below.

 
 
 
View this post on Instagram

Nothing compares to Maa ke hath ka khana and Papa ki kahaniya sunna😇🥰

A post shared by Smriti Mandhana (@smriti_mandhana) onApr 14, 2020 at 9:48am PDT

Smriti Mandhana is part of the Indian women's cricket team and is one of the most instrumental batswomen in the team. Smriti Mandhana won the  International Woman Cricketer of the Year in 2019. In the same year, Mandhana also became the third-fastest women's player to score 2,000 runs in ODIs. At age 22, she was also the youngest women's T20I captain for India eves. She has 4 centuries and 17 fifties in women's ODIs.

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Kris Srikkanth: Michael Clarke's 'sucked up to Kohli' statement is ridiculous

Asserting that sledging cannot help teams win matches, former India batsman Krishnamachari Srikkanth has rubbished Michael Clarke's claims that the Australian team were being nice to Virat Kohli's men during the 2018/19 Test series Down Under. "You do not win matches just by sledging. Aussie's loss is a loss, his (Clarke) statement was ridiculous I would say," Srikkanth said while speaking on Star Sports 'Cricket Connected' show. "If you ask Nasser Hussain or Sir Vivian Richards who are experienced players, you can never score runs or get wickets through sledging.

"You need to play good cricket and showcase determination; you need to bowl well to get wickets and bat well to achieve targets. Sledging cannot help in any way according to my opinion," he added. Clarke had also said current Australian players were too scared to "sledge" Kohli and in order to protect their million dollars IPL deals, they "sucked up" to the India captain which resulted in their cricket becoming "soft".

However, former India batsman VVS Laxman feels players can't win an IPL contract by just being nice to a particular player. "Just by being nice to someone doesn't get you a place in IPL. Any franchise will look at the player's calibre and value add to the team, which gives them desired results by winning matches/tournaments," Laxman said while speaking on the same show.

"These are the kind of players who get IPL contracts. So just being nice to someone will not earn you a spot in the IPL," he added.

Kohli's men had become the first-ever Indian team to register a Test series win in Australia in 2018-19. It was the first time since 1947, that India were able to register a Test series victory in Down Under as they defeated the Tim Paine-led side 2-1 in the four-match rubber.

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PCB: Won't agree for Asia Cup cancellation to accommodate IPL

Pakistan Cricket Board chairman Ehsan Mani has asserted that the PCB will not agree to cancelling the Asia Cup, scheduled in the UAE in September, to make room for the Indian Premier League, which has been postponed due to the COVID-19 pandemic. The IPL was to be held from March 29 to May 24 but has been postponed indefinitely because of a extended lockdown to combat the deadly virus in India. "I have read and heard about these speculations but right now just remember that having or not having the Asia Cup is not a decision between Pakistan and India it involves other countries as well," asserted Mani here on Tuesday.

Pakistan were to host the event but it was shifted to Dubai and Abu Dhabi after India expressed reluctance to come here owing to security concerns and the strained diplomatic ties between the two countries. "...it is important to have the Asia Cup if cricket activities resume by then because development of Asian cricket depends on funding from the tournament. It is important for many countries who are members of the Asian Cricket Council," he added in a podcast released by the PCB.

However, he also conceded that holding the Asia Cup this year is a big challenge because right now "we don't know if it can be held or not." "But if the conditions change and we can have the Asia Cup, it must be held as earnings from it are distributed as development funds to member countries for next two years," he said.
He said reports about the Asia Cup being hosted by Bangladesh or UAE were mere speculation at this stage.

Speaking about another big event, Mani warned that if the T20 World Cup, to be held in Australia in October-November, is postponed, the financial fallout will be big for many countries. "The financial impact will be felt by many countries if the ICC can't distribute their shares from the tournament. Many countries including Pakistan will feel the pinch," he admitted.

Mani confirmed that Pakistan was to receive around USD 7 to 8 million in June and January. "Pakistan is fortunate it has good financial controls in place and in short term, it will be better off than most countries if the lockdowns continue because of the coronavirus pandemic," he claimed. "We are to get 7 to 8 Million dollars from the ICC in June but we know they might not come so we have planned accordingly," he added.

On whether Pakistan's forthcoming tours to Holland, Ireland and England between late June and August will gohead, Mani said the PCB was prepared for disruptions.
But he ruled out resumption of international cricket in empty stadiums. "Empty stadiums also offer their big challenges as teams have to travel by air and stay in hotels so the risks start there. The logistical arrangements have to be manageable," he explained. Mani said Pakistan was prepared to show goodwill and flexibility and support the hosts of these tours.

"We wouldn't mind if two series are held at the same time like one team playing Tests and another white-ball cricket. In these difficult times we need to support each other," he said. Mani also revealed that Pakistan had shown interest in hosting several ICC tournaments to be held between 2023 and 2031, including the ICC Youth Cup and World Cups.

"Unfortunately the last time the cycle of ICC events were bid for the big three, India, Australia and England distributed all the main events among themselves. This time I can say there are more countries interested in hosting the events," he said.

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Ishant Sharma: Can't pick between pink ball fifer and Lord's show

Fast bowler Ishant Sharma said that he can't pick between his seven-wicket haul at Lord's in 2014 and the fifer he took in India's maiden pink ball Test against Bangladesh in November 2019.

"Both of them are equally memorable," Ishant said in a video tweeted by his Indian Premier League side Delhi Capitals. "Taking seven wickets at Lord's is obviously something I can't forget. And taking those five wickets with the pink ball also I can't forget because after 12 years I had taken a five-wicket haul."

Ishant's 7/74 was crucial in India recording a historic win at Lord's over England in 2014. It was the first time in 28 years that India had won a Test at the famous stadium.

Ishant's career went through many troughs after that before he resurfaced and became an integral part of the fierce pace battery that Virat Kohli's team now possesses alongwith Jasprit Bumrah and Mohammed Shami.

In the pink ball Test against Bangladesh at the Eden Gardens, Ishant blew the opposition away in the first innings and ended up with figures of 5/22. It was his first fifer at home since 2007.

Ishant last played for India at Wellington in their first Test against New Zealand before his ankle injury resurfaced. He was expected to play for Delhi Capitals in the 2020 edition of the IPL but it has been postponed indefinitely due to the coronavirus pandemic.

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Rishabh Pant has amazing talent: Mohammed Shami

Indian pacer Mohammed Shami on Wednesday hailed Rishabh Pant saying that the wicket-keeper batsman has an amazing talent.

Shami joined former cricketer Irfan Pathan on an Instagram live session where both discussed a range of topics.

"Rishabh's talent is amazing and it is not like he is my friend that is why I am saying. It is just about confidence, the day he got that confidence, he will be very dangerous," Shami said during the session.

Shami also praised KL Rahul saying that the batsman is in his 'best form' and playing well in every position he is batting on while Pathan termed Rahul's form as 'unbelievable'.

"He smashes a lot. His current form is I think his career's best form. Wherever he is coming to bat, he is playing well. Hope his career continue to proceed like this," Shami said.

"His (Rahul) current form is unbelievable," Pathan said.

Shami also lauded Hardik Pandya calling him the "best all-rounder".

"If anyone wants to become an all-rounder, be like Hardik Pandya. He is the best all-rounder," Shami said.

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Rohit Sharma becomes Dubai-based coaching academy's brand ambassador

India's limited-overs vice-captain Rohit Sharma has become brand ambassador of 'CricKingdom', a cricket academy based here which will also facilitate coaching through its online platform after the global COVID-19 pandemic subsides.

CricKingdom's online platform "will connect student, coaches, academies and facilities into an integrated ecosystem'. It will help in booking of coaches, ground/nets along with management of academies. "CricKingdom seeks to merge the time-tested theories that has produced legends in the game along with modern scientific training methodologies," Rohit was quoted as saying in the press release.

"The vision is far-sighted and it seeks to make every aspect professional and structured," said Rohit, who is also being proposed to be a Director. The academy also has Mumbai medium pacer Dhawal Kulkarni as one of its mentors. There are at least 20 coaches associated with this venture and most of them have worked at the grassroots and junior level. Notable names include Pradeep Ingale, Parag Madkaikar, Subhash Ranjane and Prathamesh Salunkhe. The coaching on offer is for four categories -- from 5-8 years, 8-13 years, 13 years and above and club and elite level cricketers.

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Watch video: Shikhar Dhawan dances with son Zoravar on 'Daddy cool'

Indian opener Shikhar Dhawan is making most of the forced break by spending quality time with his family at home with the ongoing lockdown in place due to the coronavirus pandemic.

From washing clothes to playing and training with his kids at home, Dhawan has been keeping himself busy with all kinds of different activities.

On Thursday, he posted another video of him dancing with his son Zoravar on a popular Bollywood song "Daddy Cool".

"Life is so much fun with this mastikhor insaan! Sachi bolu toh daddy aur beta dono hi cool! Love this little one," the left-handed opener captioned the video on Instagram.

Recently, he had revealed he is trying his hand at playing a flute and honing his overall musical skills.

"Playing a musical instrument, the vibrations you can feel inside your body. Music gives you peace and everybody should try to learn how to play a musical instrument now especially because we have so much time to spend at home due to the lockdown," Dhawan had said while chatting with India middle-order batsman Shreyas Iyer on Instagram Live.

Before that, the southpaw alongwith his wife Ayesha, had recreated popular Bollywood number "Dhal gaya din, ho gayi sham" from the movie �Hamjoli'.

The 34-year-old had earlier posted a hilarious video in which he was seen washing the clothes of the house and in the background the Bollywood film song- 'Jab se hui hai shaadi, aansu baha hoon ...' was playing.

In normal circumstances, Dhawan would have been currently involved in the 2020 edition of the Indian Premier League (IPL) which now stands "indefinitely suspended" due to COVID-19 pandemic.

The entire sporting calendar has come to a grinding halt with the coronavirus outbreak which has claimed more than 1.4 lakhs lives across the world thus far.

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Stats man Mohandas Menon's discovery is worth looking into

YouTube is becoming more than just a great ally during the Coronavirus-caused lockdown. On Friday, ace cricket statistician Mohandas Menon stumbled upon something that could force a change in the record books if dug deeper.

Menon happened to watch a Pathe Films news clip of the 1936-37 Ashes Test in Brisbane, where Gubby Allen’s Englishmen were in early trouble against Don Bradman’s Australia on a sticky wicket.

Arthur Fagg, who came in at the fall of TS Worthington’s wicket, is seen being caught by a short midwicket fielder. However, in the scorecard of that Test, Fagg is mentioned as caught behind by Bert Oldfield off Ernest McCormick for four.

Worthington departed, caught by Oldfield off the first ball in the Test.


Arthur Fagg

“While watching the 1936/37 #Ashes series - the 1st Test at Brisbane (4 Dec 1936), I find that England’s Arthur Fagg in the first innings was caught by a fielder at short mid-wicket and not by wicketkeeper Bert Oldfield. But all sources since then, ie in the last 83-and-a-half years have recorded it in the scorebooks as ‘caught Oldfield’. Time to change this error,” wrote Menon on his Facebook page. When this writer asked Menon what made him compare the footage to the scorecard, he replied: “Usually, when I watch old film clippings, I keep the scorecard ready so I can match the unknown players who are batting, bowling or fielding.”

There is a small possibility that the producers of the newsreel may have got the batsman wrong and the scorecard is right, but with Australians being no slouches when it comes to digging up archives (one Aussie recently found coloured footage of Bradman’s last competitive game at the Sydney Cricket Ground in February 1949 in his garage), this case is worth digging up. If the footage is right, will there be a change in Oldfield’s 130 Test dismissals?

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Mohammed Shami: My priority is seam and swing, not pace

Team India boasts of a fast-bowling attack that skipper Virat Kohli says he is proud to lead. And the man who has been an integral part of the transformation of a young attack into world beaters is Mohammed Shami. Having started off under former skipper MS Dhoni, Shami is now the leader of the pack under Kohli. While bowlers tend to get slower as a Test match progresses, Shami is someone who gets better with each passing session and has time and again shown that he can be a match-winner in the second innings for Team India. So what is his area of focus when he has that ball in hand?

"I try to ensure that my pace doesn't fall below the 140kmph mark, but my focus is on the seam and swing. I have always tried to make sure that these two things remain perfect. I can bring pace with my physical strength and you can always work on it by doing strength training. But I have always given priority to swing and seam and never for a minute let them take a backseat," he smiles.

"As you keep playing, you learn a lot of things. It is all about following one process after the other. So, when you have learnt one trick and mastered it, you then move to the next one and work on that. In the beginning, I didn't have much idea about reverse swing. But slowly I came to understand what the process of reverse swing is all about and how it can be an integral part of a pace bowler's armoury," he explained.

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David Warner and daughter Indi dance to Katrina Kaif's Sheila Ki Jawani

Australia opener David Warner is making most of the forced break by spending quality time with his family at home as the cricket world remains on a standstill due to coronavirus outbreak. On Saturday, Warner shared a TikTok video in which he is dancing with his daughter on a popular Bollywood track.

The Australian batsman, who this week only joined TikTok, shared a video where he is seen moving his body with her daughter -- who is wearing an Indian dress -- on 'Sheila Ki Jawani'. He captioned the post, "Indi has asked to also do one for you guys! please help me someone."

 
 
 
View this post on Instagram

A post shared by David Warner (@davidwarner31) onApr 17, 2020 at 11:37pm PDT

Earlier this week, Indian opener Shikhar Dhawan had also posted a video of him dancing with his son Zoravar on a popular Bollywood song "Daddy Cool". "Life is so much fun with this mastikhor insaan! Sachi bolu toh daddy aur beta dono hi cool! Love this little one," Dhawan had captioned the video on Instagram.

Warner also shared a video with wife Candy Warner:

 
 
 
View this post on Instagram

Two battler Tik Tik parents #help us lol @candywarner1

A post shared by David Warner (@davidwarner31) onApr 18, 2020 at 11:37pm PDT

In normal circumstances, Warner would have been currently involved with the Sunrisers Hyderabad (SRH) in the 2020 edition of the Indian Premier League (IPL) which now stands "indefinitely suspended" due to COVID-19 pandemic which has claimed more than 1.4 lakh lives across the world thus far.

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Indian players aware of online corrupt approaches, quick to report: ACU chief

The threat of online corrupt approaches does not cause much anxiety to BCCI's head of Anti Corruption Unit (ACU) Ajit Singh, who says Indian players are well aware of the modus operandi of fixers and are quick to report anything suspect. The ICC ACU head Alex Marshall, in an interview to 'The Guardian', said that prolonged lockdown and players using various social media platform could lead to corrupt approaches being made and people need to tread carefully. Singh said BCCI ACU is in control. "...we have made our players aware about the way people approach you and modus operandi through social media. We have told them 'look this is how they (potential fixers and bookies) would approach you'," the veteran IPS officer told PTI in an interaction. "(They will) try and behave like a fan and then try to meet you through someone who may be your acquaintance," he added. "Somehow these elements try and touch base with players. Most of them (India players), whenever it happens, they do report to us that I have got a contact."

Most of the top players, with millions of followers, have been very active online with Q and A sessions on twitter, interactive chats on instagram and Facebook live. So is the BCCI's ACU team tracking the online content? "Whatever can be tracked online, we do that. But obviously the physical verification part of going out and checking locations is out of question in times of a lockdown," he spoke about practical problems. "But if something comes to our notice, it automatically goes into our database and once lockdown is over, we will verify those if the need arises." Singh said the easiest aspect of tracking social media content is that it doesn't require too much manpower. "A few men who know their jobs can do it pretty well," the former DGP of Rajasthan said. But Singh said that, in his two year stint, all current India players have been honest and upright, very aware about their responsibilities. "We are not adversaries of players. The players and ACU are one team. It's the people who are trying to corrupt the games, they are the ones we need to track down." He said that both tracking social media and physical verification of corrupt approaches has its own set of challenges.

"Those who were trying to corrupt the players with physical presence and those using fake IDs on social media handles, converge at some point," he said. "Either it's the same person with a fake ID who tries to approach the player or uses someone on his behalf. So there is a pattern of convergence. One has to follow both the lines," he added. Singh said even former players have approached the ACU when they have found something unusual. "There have been things coming from current players and also retired players. There has been information coming from them. Things that they doubted, which look suspicious. "Any information is useful. Even if it's a false alarm, it raises the awareness level of the players as well as the skills of the team investigating it," the retired top cop said. There are some structural plans for the BCCI's ACU which will only materialise once normalcy returns after the COVID-19 pandemic. "Every zone will have a zonal head as it had been said earlier. A few zones don't have zonal heads, so we will fill those posts," he said.

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Bit surprised by CA's financial health but we will work together to overcome crisis: Hazlewood

Fast bowler Josh Hazlewood is a "bit" surprised that Cricket Australia is struggling financially due to the COVID-19 pandemic but said players will work together with the governing body to overcome the crisis. With the coronavirus outbreak halting all cricketing action, Cricket Australia (CA) has laid off 80 per cent of its staff for the rest of the financial year which ends on June 30. Reports suggest that CA will run out of cash by August. "I was a bit surprised there but there has to be some impact, no doubt," Hazlewood was quoted as saying by 'Sydney Morning Herald'. Hazlewood said the financial crisis will hit cricketers too and they are ready for a reduced salary.

"We are no different from any other sport. It just depends how long it hangs around as to how much it is going to affect us, I guess. If it leads into next summer, it will be quite serious," Hazlewood said. "We're obviously partners in the game and we've always said that. We have ridden the highs and now its probably time to ride the lows, a little bit." CA and Australian Cricketers' Association (ACA) had an ugly pay dispute in 2017 but Hazlewood said relations have improved since and hoped this crisis will be handled better this time. "I think the relationship is a lot better now, between the ACA and CA. It's developed a long way in the last 18 months to two years, probably," he said. "... so that will go a long way towards having this episode (handled) a lot better than last time. It's all positive from our end and I think, from both ends. "Hopefully it's a lot better communication this time and I think you will see that in the coming weeks and the coming months. As long as they show a lot of transparency on all the numbers, all the players will be pretty happy with that."

According to the MOU signed in 2017, CA has to provide ACA with revenue estimates and a national contract list for the upcoming summer by April 30 and Hazlewood expects the deadline to be met so that players can be better prepared for the financial fallout. "April 30 is what the players want and it's in the MOU but I guess these are strange times. Anything can happen," Hazlewood said. "The ideal (situation) is that they're put out before April 30 and obviously then we will know, financially, what we can get ready for and how much of a percentage is lost and how much of our contracts are affected. "The sooner we know that, the more we can plan for the next 12 months." The global health crisis, which has killed more than 1.6 lakh worldwide, has put this year's T20 World Cup and India's tour of Australia under threat.

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Jeel Pareshbhai Gajipara aspires to play for the Indian Cricket Team, idolises Mahendra Singh Dhoni

Cricket is rightly considered as a religion in India and is the most celebrated sport in the country. Whoever makes a career in cricket has one longing wish to play for the country and Indian cricketers rightly inspire with their story and innumerable achievements. With a dream to become a cricketer since childhood, Jeel Pareshbhai Gajipara grew up looking at his hero Mahendra Singh Dhoni's journey as a sportsperson. Gajipara born on October 24, 2001, in Ahmedabad, Gujarat is a notable name in the cricket. Since his school, he was fascinated by the sport after which he decided to make become a cricketer.

Currently, he is pursuing his B.Com from GLS University. The young and good looking guy also loves to do modeling. However, he considers cricket as his only passion in life. He has played for both domestic as well as international tournaments. He has played for many tournaments from Nepal, Mumbai, Ahmedabad, Kolkata, and Hyderabad. The batsman has also created many records for himself including his smashing batting of 97 runs from 32 deliveries for the Mumbai domestic team. Some of his other best scores include 136 runs in 67 deliveries, 116 runs in 71 deliveries and 177 runs in 122 deliveries respectively.

These batting scores totally show his love for the sport and prove that he is here to stay. His hard work and passion for cricket will one day surely fulfill his dream. Calling MS Dhoni as his idol, Jeel has a dream of playing for India and be successful as the former Indian skipper. "Before playing for India, I want to play in the IPL (Indian Premier League)", he quoted. For his achievements, Jeel was also featured in a Gujarati newspaper and had his interview on E24 news channel. The young blood's journey is commendable and we hope to see him play for the Indian Cricket Team one day.

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Arun Lal: You must believe you can fight this

Having fought cancer four years ago, former India batsman and Bengal coach Arun Lal knows a thing or two about conquering a dreadful disease and as the country battles the COVID-19 pandemic, he feels both immunity and optimism need to be kept high. The former player was detected with adenoid cystic carcinoma, a rare type of salivary glands cancer, but he overcame the disease and gained abundant hope in the process.

"It's a disease after all. You have to believe that you can fight it. You have no other choice. You have to be prepared for the worst. Hope for the best," Lal, under whom Bengal made their first Ranji final after 13 years this season, told PTI in an interaction. "You have to keep your immunity level high. You have to fight it. You have to stay positive, and believe in yourself. Eat well, sleep well, keep your immunity level high." Lal was slated for a fortnight's holiday in Europe from April 15, but the COVID-19 pandemic put paid to all his plans and he's now confined at home, like everyone else. "You have to prevent it not only for yourself but for everybody else around you. That's what I'm doing, I'm staying isolated. Looking after the elderly in the house," he said. "Nobody knows very much about it yet. You have to be very very clear that you have to stay isolated. You have to wash your hands, wear a mask. You've to be careful." With the world under lockdown to stop the spread of the deadly virus, Lal is doing his bit, looking after his ailing mother and wife, doing household chores that include cooking and cleaning.

"Gardening, cooking, cleaning. Then I've to look after my mother and wife, both are sort of semi bed-ridden. No help is also coming. Only one person I have," he said. "I sometime make the sweet dishes, or may be the odd gobhi-aloo, bhindi or karela. I also love to cook meat. I make lovely meat. 24 hours is less for me. We are managing somehow." A hard taskmaster, Lal is also making sure that his wards are engaged in training. "Now everybody is training on their own. We have laid out plans for the fast bowling unit. They are given whole plan on what to do everyday and what training, and how to do. We want to be fitter than last year." "They don't have grounds so they can only train on the roofs of their buildings, inside home, or in the drive-in and things like that. We hope to get together from July 1. But you never know. Future is very uncertain," he said. "So far we are only working with the bowling unit. Not the batsmen yet. It's been our major deficiency area. We will work very hard on them from next week," he added.

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Virat Kohli gets a haircut from wife Anushka Sharma, Sachin Tendulkar cuts own hair

While the country is in lockdown due to Coronavirus, at least two Indian cricket legends decided to have some fun of their own.

Batting maestro Sachin Tendulkar and current India captain Virat Kohli have had their hair cut. However, while Sachin chopped his own hair, Virat's Bollywood star wife Anushka played hair stylist for him.

Sachin, 46, recently posted a series of pictures of his new hairdo on social media. "From playing square cuts to doing my own haircuts, have always enjoyed doing different things. How's my new hairdo looking @aalimhakim and @nandan_v_naik?," he captioned his post.

Meanwhile, Virat, 31, who got his beard trimmed too, insisted that being well groomed keeps him in the zone. "While we're all indoors, it's extremely important to do stuff that makes you feel good. Staying well groomed is one of the things that keeps me in the zone. So I thought of giving myself this new look. I want all of you to take the #TrimAtHome challenge & post your new look!" Virat posted on Instagram.

Virat Kohli and Sachin Tendulkar are regarded as one of the finest batsmen to ever play for India. Virat Kohli is second behind Sachin Tendulkar with regards to most hundreds scored in ODIs.

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'Swag Mera desi hai', Hardik Pandya shares throwback picture with brother Krunal

Reminiscing the old days, Indian all-rounder Hardik Pandya on Monday shared a classic throwback picture with brother Krunal.

In the 2011 photo, the duo are smiling while posing for the camera with a 'desi swag.'

 
 
 
View this post on Instagram

Throwback to 2011 😅 How time changes @krunalpandya_official Swag mera desi hai

A post shared by Hardik Pandya (@hardikpandya93) onApr 20, 2020 at 6:42am PDT

"Throwback to 2011, How time changes @krunalpandya_official, Swag Mera desi hai," Hardik captioned the post on Instagram.

The flamboyant all-rounder, who was out of the Indian team due to back injury, made a comeback during the South Africa tour of India.

The first match of the series got washed out due to rain, and the series was eventually postponed following the outbreak of coronavirus.

Pandya made his ODI debut against New Zealand at Dharamsala in October 2016.

Due to the COVID-19 pandemic, all sporting action across the world has been stopped including the 13th edition of the IPL.

On April 16, the IPL 2020 was suspended till further notice due to 'evolving global health concerns'.

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Michael Clarke: Shane Warne didn't respect John Buchanan as coach

Ex-Australia skipper Michael Clarke has revealed that legendary spinner Shane Warne shared a boisterous relationship with former coach John Buchanan and they never got along. Speaking on Big Sports Breakfast, Clarke said: "The fact him and John didn't get on and Warnie didn't respect John Buchanan as a coach at all, that he thought I'm not getting told what to do from this dude. "If it was Ricky Ponting there, Warnie would have found a way to either bite his tongue or he might have said something to Ricky one-on-one...it wouldn't have been in front of everyone. At that stage Warnie was so done with John Buchanan he didn't care," he added.

Clarke, the 2015 World Cup-winning captain, also divulged details of the Australian dressing room culture when both him and Warne were together in the side. He said that the leg-spinner chose cigarettes for the three-day training camp instead of the essential items which the players were allowed. "For someone like Warnie who loved a smoke, he pretty much told them he is not coming unless he can bring his smokes. It was World War five," Clarke said.

According to Clarke, Warne and Buchanan had a deal where the latter told the former that he would have to chuck a piece of clothing for every pack of cigarettes he took. "Warnie flicked his three pairs of undies, flicked his three pairs of socks and put six packs of darts in and off we went.

"In the middle of the bush, sleeping bag only, no cover, no shelter, on the ground and it was pitch black. All you could see was this orange light coming out of someone's sleeping bag and it was Warnie just sucking his dart back," Clarke said.

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Sakshi shares video of MS Dhoni taking Ziva for a bike ride inside Ranchi farmhouse

Veteran India wicketkeeper-batsman and former captain Mahendra Singh Dhoni seems to be enjoying his quality time back at his lavish farmhouse located in Ranchi.

MS Dhoni's wife Sakshi Dhoni apparently shared ain Instagram Live video in which Mahi can be seen giving his daughter Ziva a ride on a motorbike in their farmhouse. 

The video was also shared by MS Dhoni's Indian Premier League (IPL) team Chennai Super Kings on Twitter immediately after it went viral. CSK went on to caption the photo with some fun play of words: "Thala Suthifying, literally. #WhistlePodu VC: @SakshiSRawat."

Sakshi Dhoni had also shared a cute photo of herself and MS Dhoni during lockdown as she playfully goes to lick his toes while he was immersed in his mobile phone.

In normal circumstances, MS Dhoni would have been currently leading three-time champions CSK in the 13th edition of the IPL. However, due to the coronavirus pandemic, the cash-rich league has been postponed indefinitely by the BCCI.

The former captain's participation at this year's T20 World Cup remains in doubt as he hasn't played international cricket since India's defeat at the hands of New Zealand in the World Cup semi-final last year.

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Coach Lalchand Rajput creates training module for Zimbabwe

Former India batsman and Zimbabwe coach Lalchand Rajput has created a training module encompassing both the physical and mental aspects, and is monitoring his players' progress through the use of technology. Like in India, the lockdown to contain the COVID-19 pandemic has been extended in Zimbabwe, too. "We have given a training programme to the players. The activities we have included are the ones which can be done at home like skipping, side to side running and thera bands. We have also included stretching and Yoga activities," Rajput told PTI.

According to Rajput, he shared the training-cum-fitness programme with the team's trainer and Zimbabwe cricket director of coaching, who shared it with the players. "Skipper Sean Williams messages me sometimes about what he does, also one-two others are also in touch with me. Not all players are from Harare (a prominent city)," he added.

Citing an example, he said he has asked the batsmen to follow a simple drill - put a ball inside a sock and hit it indoors. According to the Zimbabwe head coach, there are some players who reside in bungalows and he has asked them to do short sprints inside its premises. "I have asked the trainer to follow up with the players on a day-to-day basis and he informs me on weekly (basis) about the development," he added.

Rajput, who has been a manager with the Indian cricket team, said he has asked the players to also follow the programme given by the psychologist to keep their mind free of any negativity. Rajput has asked the Zimbabwe cricket board to give at least a month's time for training when sporting activities resumes.

"Once the action resumes, it won't be feasible to immediately start the tours as they will need practice," said Rajput, who also thanked Zimbabwe Cricket for providing help. On a personal front, Rajput headed home following the Zimbabwe tour of Bangladesh.

Rajput, who has also coached Afghanistan and domestic teams, is enjoying spending time with his family.

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Virat Kohli has learnt to stay calm and patient from Anushka Sharma

India captain Virat Kohli has said that he has learnt to stay calm and patient ever since his wife Anushka Sharma has come in his life. The couple met in 2013 and got married in 2017.

"To be honest the patience bit I have learnt ever since me and Anushka met each other. I was a very impatient before," said Kohli on Tuesday as he and Anushka spoke about their lives and careers in an online session with students on how to get motivated.

"The learnings from one another that we have had, looking at her personality, looking at her composure in situations has really inspired me to fight it out. Even when things are tough you have to swallow your ego and keep being there in adversity, keep fighting your way out and eventually you will find a way.

"So that's what I have seen her do and I have learnt from that," he added. The 31-year-old also revealed that once he "howled" through the night after getting rejected by his state side.

"The first time I was rejected in the state selections, I remember it was late at night and I just cried," Kohli said.

"I howled till about three in the morning and I could not believe it. Because I scored well, everything was going perfectly for me. I performed till I reached that stage and I was rejected.

"And I kept asking my coach for two hours, why didn't it happen? And I couldn't make sense of it. But when there is passion and commitment, that motivation comes back to you," he added.

Kohli, who made his debut for Delhi in 2006, broke into the international scene in 2008. Since then he has played 86 Tests, 248 ODIs and 82 T20Is in which he has scored 7240, 11867 and 2794 runs respectively and is now counted among the greats of the game.

He, like other cricketers, is currently enjoying the forced break with his family amid to the nation-wide lockdown in place due to coronavirus pandemic.

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