The entrance of the Lok Nayak Jai Prakash hospital in New Delhi, where medical facilities have been strained by a mounting numbers of coronavirus cases. AFP
The entrance of the Lok Nayak Jai Prakash hospital in New Delhi, where medical facilities have been strained by a mounting numbers of coronavirus cases. AFP
The entrance of the Lok Nayak Jai Prakash hospital in New Delhi, where medical facilities have been strained by a mounting numbers of coronavirus cases. AFP
The entrance of the Lok Nayak Jai Prakash hospital in New Delhi, where medical facilities have been strained by a mounting numbers of coronavirus cases. AFP

Coronavirus: Delhi to get 500 converted rail coaches for patients


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India on Sunday sent 500 railway coaches converted into hospital wards to help the capital region cope with a flood of coronavirus cases.

The coaches will increase Delhi's capacity by 8,000 beds, federal home minister Amit Shah said on Twitter after a meeting with the capital's region chief minister, Arvind Kejriwal.

With more than 22,000 active cases, Delhi is the third-worst affected region after the states of Maharashtra and Tamil Nadu. Mr Kejriwal has said the number of cases in the city is expected to cross half a million by the end of July.

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India's coronavirus wards on rails

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Indian media have reported numerous cases of patients being turned away from overburdened Delhi hospitals and dying without treatment. There has also been an outcry over the high cost of beds and coronavirus treatment at private hospitals.

Ashwani Jain, a 45-year-old businessman, succumbed to the coronavirus in an ambulance as his family pleaded with several hospitals to take him in.

"It won't matter to them but I have lost my father, he was the world to me," his 20-year-old daughter Kashish told Agence France-Presse.

His brother Abhishek said hospitals refused to admit him even though an app set up by the city government indicated that beds reserved for Covid-19 patients were available.

India began converting railway coaches into hospital wards in March as it halted train services and imposed a nationwide lockdown to contain the spread of the coronavirus.

"These wards will be equipped with necessary facilities for patients, doctors and nurses," Railways Minister Piyush Goyal told The National at the time.

Mr Goyal said his ministry planned to convert at least 5,000 coaches for use in case of a shortage of hospital space in the country.

Mr Shah, the home minister, said on Sunday a committee was looking into providing 60 per cent of private hospital beds in Delhi at low cost for coronavirus patients, and fixing the cost of testing and treatment. A report would be submitted on Monday, he said.

He said the government would also double testing in the city, especially in containment zones, conduct a door-to-door health survey of residents and provide sufficient supplies of oxygen cylinders and ventilators.

Delhi, with about 20 million people, accounts for more than 1,000 of the 9,195 coronavirus deaths among India's 1.3 billion population.

India is currently the fourth-worst affected country in the world with more than 320,000 cases after another record daily increase of nearly 12,000 confirmed infections reported by the health ministry on Sunday.

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Coronavirus around the world

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.