This bank will give 200 crore rupees to India to deal with Corona, now shutting down its business in the country

This bank will give 200 crore rupees to India to deal with Corona, now shutting down its business in the country

Citibank (CitiBank) announced a grant of 200 crore rupees to deal with the outbreak of the second wave of Corona infection in the country. In addition to Citibank, Wells Fargo, a US-based company, had 22 crore rupees ($ 3 million), Swiss bank UBS (UBS) 11 million rupees ($ 1.5 million) and Apollo Global Management 7 million rupees. Rupees (10 million dollars) announced as aid. Please tell that Citibank of America is consolidating its business from 13 international markets including India.

With nearly 4 lakh cases of corona infection occurring in the country and 3900 deaths, many countries including global companies and especially companies in the technology sector have announced help to India.

India has an old relationship of more than 100 years

Citibank Asia Region CEO Peter Babbage said, "We have been in India for more than 100 years and this country is home to more than 20,000 of our employees." We are committed to helping India in this hour of health crisis.

Will be spent here

The bank said in a statement that it will provide immediate relief of Rs 75 crore for medical and human needs, whereas in the last financial year, it has helped 75 crore. This amount will be used to supply oxygen, add beds to hospitals, diagnostic testing systems, personal safety kits and other supplies for frontline healthcare workers in India.

He said that the remaining amount would be used for the infrastructure of public and private health services and to provide employable skills to the youth.

American company will give 22 crore rupees

Wells Fargo has also announced a grant of Rs 22 crore to aid relief efforts to combat the corona infection. This amount will be used to increase the capacity of the hospital, supply oxygen concentrations and important medical equipment through non-governmental organizations.

At the same time, Apollo Global Management has also announced a support of 7 million rupees, or $ 1 million, extending the helping hand. In which it will immediately provide thousands of oxygen concentrators and other life-saving medical equipment to fight the corona infection.

In addition, Swiss Bank's UBS Group AG will help $ 1.5 million (Rs 11 crore) in the ongoing relief operations in India. He will contribute to medical supplies.


CRISIL Report: Private hospitals will earn heavily even after Corona, rooms will remain full

CRISIL Report: Private hospitals will earn heavily even after Corona, rooms will remain full

The demand for rooms in private hospitals has been very high amid the increase in cases of covid-19 infection. Rating agency Crisil said on Tuesday that due to the increase in infection cases, the income of private hospitals will increase by 15 to 17 percent in the current financial year, which is slightly higher than 2020-21.

Crisil said in the statement that due to increase in income, the operating margin of such hospitals is also expected to increase by 1-2 percent to 13-14 percent. Despite this, the margin will remain below 2020-21. The reason for this is that the proportion of treatment for Kovid-19 in hospitals was high during this period, while the profit in it is relatively low.

Rooms filled up to 75 percent

Manish Gupta, Senior Director, Crisil Ratings said, "The first quarter of the current financial year will be better on a year-on-year basis due to the second wave of the pandemic in April. During this, 75 percent of the rooms in the hospitals were filled with patients. This is almost double on an annual basis. The main reason for this is the increase in the number of patients admitted to the hospital for the treatment of Kovid-19.

Rooms will remain full even after Corona

Gupta said that suppressed demand for non-Covid treatment will emerge after the second wave weakens in the second quarter. He said that in the current financial year, 65 to 70 percent of the rooms in the hospitals will be filled. This will increase the income of private hospitals. Last year, an average of 58 per cent rooms were full. In fact, in the second web of Corona, there was a sudden increase in the hospitals. There was panic in many hospitals due to many problems including oxygen and non-availability of beds. However, the matter was gradually brought under control. But it is believed that due to the symptoms of post covid and other diseases, the condition of the hospitals is going to be more or less the same. In fact, there has been a sharp increase in the number of private hospitals in the country in the last few years, but even after this, due to the sudden increase in the demand of hospitals due to Corona, such an environment has been created. Experts believe that still a large section of the country turns to private hospitals for treatment.


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