Lockdown, Day 37: Make-or-break May for India
India should be "cleverer" in lifting the lockdown
and should open up its economy in a "measured way" soon to save jobs,
former RBI governor Raghuram Rajan said today.
Compared to other countries, India has been faring fairly well, with a
slower doubling and lower mortality rate than the US, Italy, Spain, UK.
As the May 3 deadline nears, the next month could be make-or-break for
India's virus fight.
Meanwhile, India's core sector output slipped into red in March, after hitting an 11-month high in February.
Here are all the latest developments...
COUNT SO FAR
 |
Cases rise to 128 in Odisha |
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Pune reports 127 new cases; 71 new cases in Nashik |
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2 more deaths, 86 new cases in Rajasthan |
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Andhra reports 71 new cases; state tally nears 1,500 |
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69 fresh cases in UP, total climbs to 2,203 |
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Karnataka reports 22 new cases; tally climbs to 557 |
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4 new cases reported in Bihar |
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Assam reports four more cases |
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Haryana reports 18 more cases; state tally reaches 329 |
| World |
|
India |
|
| Tally |
Toll |
Tally |
Toll |
| 31,93,886 |
2,27,638 |
33,610 |
1075 |
BUSINESS AND ECONOMY
|
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Sensex soars 997 pts; Nifty ends April F&O series at 9,860 |
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Core sector output shrinks 6.5% in March |
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Rupee settles 57 paise higher at 75.09 vs dollar |
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RBI extends Fixed Rate Reverse Repo and MSF window |
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RBI may raise promoter cap in private banks |
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RBI grants more time to banks to file regulatory returns |
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RBI extends market trading hours from 10 am to 2 pm till further notice |
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HUL Q4: Profit drops 3% to Rs 1,520 crore |
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SpiceJet to pay part salaries to over 92% employees in April |
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Reliance announces pay cuts, Ambani to forgo entire pay |
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Vistara temporarily modifies in-flight services |
GLOBAL FALLOUT
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Dow profit falls on lower prices, virus-led slowdown hurts demand |
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China's manufacturing weakens in April |
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France GDP falls 5.8% in Q1 |
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Global gold demand sees modest growth in Q1 on lockdown-led disruptions |
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Germany unemployment rate leaps by 13.2% to more than 2.6 mn in April |
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Shell cuts dividend for first time since WW 2 |
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Italy GDP plunges 4.7% in Q1, steepest quarterly drop in 25 years |
WORLD TALLY
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US records 2,502 deaths in past 24 hrs; total toll tops 60,000 |
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Russia's case tally passes 100,000 |
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UK admits it could miss 100,000 daily virus tests target |
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Iran virus death toll surges past 6,000 |
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Spain daily virus death toll drops below 300 |
