“Forward ever, backward never: onwards with Breaking Through”

Lockdown, Day 45: Wrong curve flattened

The pandemic seems to be bringing India's growth curve closer and closer to zero, with ratings agency Moody’s revising their projections for FY21 once more, after already having downgraded twice before, first to 2.5% and then to 0.2%.

Even as India slowly starts going back to work, the country has reported just shy of 10,000 cases in the last three days, with 3,380 of them being reported in the last 24 hours.

Here are the top developments of the day...

    Fresh case in Himachal; tally rises to 48
    15 more cases in Telangana; tally now 1,122
    26 new cases takes Rajasthan tally to 3453
    Madhya Pradesh's Ujjain reports 19 fresh cases
    26 test positive in Odisha
    24 BSF personnel test positive in Tripura; state tally now 88
    54 new cases take Andhra tally to 1887
    45 new cases in Karnataka; state tally reaches 750
    Death toll in Indore now 86; tally climbs to 1,727
    Cases in Thane jump to 1,655
    5,980 cases in Delhi
    514 patients, 5 deaths in paramilitary forces
    Death toll rises to 41 in Andhra Pradesh
Tally Toll Tally Toll
38,45,607 2,69,564 56,342 1,886

    India may see 0% GDP growth this fiscal year: Moody's
    Sensex ends 199 pts higher; Nifty holds above at 9,250
    SBI hikes home loan rates by up to 30 basis points
    China-backed AIIB approves $500 mn loan for India
    Samsung resumes operations at Noida factory
    IndiGo reinstates paycuts for senior staff
    Chinese ZTE cuts down 30% jobs in India

    CBSE to conduct pending Class 10, 12 board exams from July 1 to 15
    Maharashtra seals borders to curb liquor smuggling
    Mahindra launches online sales platform
    H-1B visa denial rates at 30% for first qtr of FY20

    Uber loses $2.9 bn, offloads bike & scooter business
    US records 2,448 deaths in 24 hours; toll now 75,543
    Germany now has 167,300 cases
    Mexico now has 29,616 cases; 2,961 deaths
    Pakistan reports record 1,764 new cases; death toll nears 600
    Russia reports over 10,000 cases for sixth straight day