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CORONAVIRUS CASUALTIES (Oct 25):- GLOBAL:- Total Cases: 4,30,62,591; Total Deaths: 11,56,270 Recovered: 3,17,42,791 BELGIUM:- Total Cases: 3,05,409; Total Deaths: 10,737 BRAZIL:- Total Cases: 53,81,224; Total deaths: 156,926 CANADA:- Total Cases: 2,13,959; Total Deaths: 9,922 CHINA:- Total Cases: 85,790 ; Total Deaths: 4,635 FRANCE:- Total Cases: 10,86,497; Total Deaths: 34,645 GERMANY:- Total Cases: 4,29,893; Total Deaths: 10,123 INDIA:- Total Cases: 78,73,664; Total Deaths: 1,18,621 INDONESIA:- Total Cases: 3,89,712;Total Deaths: 13,299 IRAN:- Total Cases: 5,68,896; Total Deaths: 32,616 ITALY:- Total Cases: 5,04,509; Total Deaths: 37,210 JAPAN:- Total Cases: 96,534; Total Deaths: 1,711 MEXICO:-Total Cases: 8,86,800; Total Deaths: 88,743 NETHERLANDS:- Total Cases: 2,91,254; Total Deaths: 7,046 PHILIPPINES:- Total Cases: 3,70,028; Total Deaths: 6,977 RUSSIA:- Total Cases: 15,13,877; Total Deaths: 26,050 S KOREA:- Total Cases: 25,836; Total Deaths: 457 SPAIN:-Total Cases: 11,10,372; Total Deaths: 34,752 SWEDEN:- Total Cases: 1,10,594 Total Deaths: 5,933 SWITZERLAND:-Total Cases: 1,03,653; Total Deaths: 2,083 UAE:- Total Cases: 1,25,123; Total Deaths: 477 UK:- Total Cases: 8,54,010; Total Deaths: 44,745; US:- Total Cases: 88,33,384; Total Deaths: 2,30,091 - India Travel Times.Com   [Estd: 1998]       * * *    Travel, More Travel, Travel Means A Million Things     * * *    
Corona effect: Over 1,000 schools go on sale; School education at crossroads
If Governments are deciding and putting a cap on school fees, who will pay the salaries? And there are several other heads of expenditure too, it is explained. Now with the onslaught of the corona pandemic, school education itself is at the crossroads. It is no surprise the schools are on sale.

NEW DELHI, Sept 19: With coronavirus pandemic crippling the private education sector, a large number of schools across the country are being put up for sale.

A majority of them numbering about 1,000 are private budget schools catering for about 80 per cent of the schoolchildren. The average annual school fee in such a school is Rs 50,000, according to Cerestra Ventures, dealing in education infrastructure.

“Many State Governments have put caps on fee collection even as schools are expected to pay salaries to teachers apart from bearing other overhead costs. This has made staying afloat a struggle for these institutions. One large school chain had to slash non-teaching staff salaries by upto 70 per cent,” said Vishal Goel, a partner of Cerestra Ventures.

Goel pointed out, “Even funding has become difficult to come through with financial institutions hesitant on lending, owing to lack of clarity over how the situation will pan out. That has added to their woes.” Cerestra Ventures has a plan to buy out 30 to 40 KG to Class XII schools with an investment of about Rs 1,400 crore.

According to EuroKids International, another educational firm, these schools have had to suffer more because their promoters were facing slump in their main businesses like real estate. In the ensuing situation, the investors could expect a 30 to 40 per cent drop in the cost of acquisitions.

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