Lockdown, Day 70: India faces a paradigm shift
India's
May gold imports fell by 99 per cent from a year ago amid a nationwide
lockdown. This, when India is the second largest consumer of the
precious metal. In some good news, CMIE data showed that improved labour
market conditions have added 21 million jobs last month.
A
study by Elara Securities Inc. has put 5 Indian states in good light as
they seem to have outgrown the pandemic slump. Kerala, Punjab, Tamil
Nadu, Haryana and Karnataka are contributing nearly 27 per cent to the
country's GDP.
Track this space for latest updates...
COUNT SO FAR
 | 12 people test positive in Mizoram |
| 102 new cases in Tripura, total rises to 423 |
| Odisha reports 141 new cases, tally at 2,245 |
| Rajasthan reports 171 new cases; tally 9,271 |
| Andhra tally reaches 3,791 with 115 more cases |
| Manipur case count stands at 85 |
| Jharkhand logs 675 cases |
| Maharashtra's Aurangabad records 55 new cases; tally at 1,642 |
| Uttarakhand reports 41 new cases; total hits 999 |
| Assam tally reaches 1513, toll at 4 |
| Mumbai's Dharavi logs 1830 cases, toll 71 |
| World |
| India |
|
| Tally | Toll | Tally | Toll |
| 6,365,473 | 377,404 | 198,706 | 5,598 |
LIFE UNDER LOCKDOWN
| Trading hours for agri-commodities revised to 9 am-9 pm |
| 'Delhi Corona' app launched, to give info about bed availability |
| IITs chalk out plan for graduating students |
| Lockdown led to 30% surge in resumes from job seekers |
| Chhattisgarh to hold final year varsity exams after lockdown ends |
| Telecom industry wary of rushing staff back to office |
| Delhi's famous markets Sarojini, Lajpat Nagar start opening |
BUSINESS AND ECONOMY
| Sensex takes winning run to 5th day, up 522 points |
| Bajaj Auto total sales plunge 70 percent in May |
| India will definitely get its growth back: PM Modi |
| Tata Motors resumes operations across all manufacturing plants |
| Govt starts inviting application for Rs 50,000 cr electronic incentive schemes |
| Carmakers offer teaser loans as RBI softens stance |
| JSW Steel's crude steel output falls over 14 pc in May |
| India unlikely to slip to junk status: BofA |
| 82% Indians bear financial brunt of coronavirus pandemic: Survey |
AROUND THE WORLD
| Global LNG demand faces first contraction in 8 years: Wood Mackenzie |
| US CBO projects virus could trim GDP by $15.7 trillion |
| French economy to contract by 11% in 2020: FM |
| ISO sees global sugar deficit of 9.3 mn tonnes in 2019/20 |
| Indonesia's April foreign tourist arrivals plunge 87.4% y/y |
| China reports 15 new cases, total at 83,022 |
| US records 743 new deaths, toll hits 105,099 |
| UK death toll hits 49,646 |
| Russia case tally rises to more than 423,000 |
| Germany's confirmed cases rise by 213 to 182,028 |
Lockdown, Day 69: Unlock 1.0 unleashes the bulls
Dalal Street was full of zest today as India set in motion Unlock 1.0 after more than two months of crippling nationwide curb.
Meanwhile, there appeared to be a growing consensus that India's budget deficit could touch its widest levels since 1991.
In
other news, a debate has started over the speculation that
epidemiologists may not have been properly consulted before imposing the
drastic lockdown upon the country.
Here are the other top news of the day...
COUNT SO FAR
| 51 new cases in Noida |
| Indore tally rises to 3,539 |
| Five new cases in Chhattisgarh |
| 45 new cases in Assam, tally 1384 |
| NITI Aayog official tests positive |
| 7 new cases in Manipur, total reaches 78 |
| 105 new cases in AP; tally goes up to 3,674 |
| 25 new cases in Jharkhand, tally reaches 635 |
| Odisha reports 156 new cases, tally reaches 2104 |
| 93 more Maharashtra Police personnel test positive |
| 4 fresh cases reported in Puducherry, tally rises to 49 |
| World |
| India |
|
| Tally | Toll | Tally | Toll |
| 61,52,160 | 3,71,700 | 1,90,535 | 5,394 |
LIFE UNDER LOCKDOWN
| Delhi's borders to be sealed for a week |
| DGCA: Keep middle seats vacant to extent possible |
| AP not to unlock borders for inter-state movement |
| No Dabur, Nestle at CAPF canteens in swadeshi push |
| Railways' first isolation coach deployed in Delhi |
| Barbershops, salons to open in Delhi, spas to remain shut |
| Punjab imposes Covid Cess on liquor |
| UP extends timings for liquor shops from 10 am to 9 pm |
BUSINESS AND ECONOMY
| MakeMyTrip lays off 350 employees |
| India's factory slump deepens in May |
| Hyundai sales decline 79 per cent in May |
| India's May jobless rate at 23.48%, says CMIE |
| Sensex soars 879.42 points to end at 33,303.52 |
| Petrol sales down 36.5%, diesel down 31% in May |
| Auto sector capex falls a staggering 18% in FY20 |
| Power consumption dips 14% in May due to lockdown |
| Mahindra sales dip 79% in May, exports fall 80 pc |
| Retail credit drops to record low during lockdown |
| Covid to shave $25 bn off from top 100 brands' value |
| ATF price up by 50%, LPG cylinder to cost Rs 11.5 more |
| Cabinet approves Rs 50K crore equity infusion for MSMEs |
| New MSME definition pegs medium firms at turnover of Rs 250 cr |
AROUND THE WORLD
| Indonesia reports 467 new infections |
| Russia reports 9,035 new infections |
| Pakistan reports 2,964 new cases |
| Singapore reports 408 new cases |
| World Bank: Palestinian economy could shrink by 11% |
| Russian Covid drug to be delivered to hospitals in June |
| Greece lifts its lockdown on hotels, pools, golf courses.
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