Lockdown, Day 55: Trance after tranche
Dalal Street wasn't particularly impressed with
Nirmala Sitharaman's economic package in five tranches. The Sensex
plunged 1,069 points, taking with it Rs 3.6 lakh crore in investor
wealth. Analysts punched holes in the stimulus, calling
it illusory and bad for the bourses.
Add to that, Goldman Sachs, in a report, warned of an ugly recession
with the GDP contracting by 45% in the second quarter. India, let's
brace ourselves.
Here are the other update from the day...
COUNT SO FAR
 |
Toll in Delhi mounts to 160, cases cross 10,000-mark |
|
|
99 new cases in Karnataka, total mounts to 1,246 |
|
|
With 47 new patients, total 4,511 cases in UP |
|
|
Rajasthan case count rises to 5,375 |
|
|
Andhra Pradesh tally mounts to 2,282 |
|
|
Bihar case count rises to 1,326 |
|
|
Indore cases rise to 2,565 |
| World |
|
India |
|
| Tally |
Toll |
Tally |
Toll |
| 47,10,614 |
3,15,023 |
96,169
|
3,029 |
LIFE UNDER LOCKDOWN
|
|
CBSE announces dates for pending class 10th, 12th board exams |
|
|
Restrictions under Sec 144 extended in Chhattisgarh for 3 months |
|
|
169 Indian passengers to return to Kolkata from Bangladesh |
|
|
Maharashtra opposes plea for adopting Kerala model |
|
|
West Bengal extends lockdown till May 31 |
|
|
Delhi University to be closed till May 31 |
BUSINESS AND ECONOMY
|
|
Swiggy lays off 1,100 employees |
|
|
Rupee settles 33 paise lower at 75.91 against dollar |
|
|
SIAM says auto sector left out in eco package |
|
|
Loan freeze may be extended for 3 more months: Report |
|
|
NITI boss suggests dropping budget gap aim this year |
|
|
Maruti Suzuki delivers 5,000 cars in past few days |
|
|
Spectrum auction may be held before Oct without 5G |
|
|
Gold loans catch the fancy of financial market |
|
|
Fiscal deficit of Centre and states likely to be at 12% of GDP |
GLOBAL ECONOMY
|
|
Japan's economy slips into recession, with 0.9% GDP drop |
|
|
Thailand's economy contracts for first time since 2014 |
|
|
Panasonic reports 29% drop in annual operating profit |
|
|
SoftBank posts record $13 bln operating loss |
AROUND THE WORLD
|
|
Russia says cases under 9,000 for first time since May 1 |
|
|
Saint Peter's Basilica in the Vatican reopens |
|
|
Mexico reports 49,219 cases and 5,177 deaths |
|
|
Germany reports 174,697 confirmed cases |
|
|
US records 820 new deaths in 24 hours |
|
|
Singapore reports 305 new cases |
|
|
China reports 25 new cases. |
Lockdown, Day 54: Another Sunday extension
The government extended the lockdown for another two weeks, till May 31, as India's case-count surged past 90,000.
Finance Minister Nirmala Sitharaman made life easier for businesses
struggling to deal with the side-effects of Covid. As part of the fifth
tranche, the government suspended the bankruptcy code for a year.
Track the latest updates from the day...
COUNT SO FAR
|
Maharashtra tally crosses 30,000-mark |
|
66 more Maharashtra Police personnel test positve |
|
Tamil Nadu adds 477 new cases; state tally now 10,585 |
|
70 new cases take Rajasthan tally to 5030; toll now 128 |
|
One more case in Goa; state tally rises to 16 |
|
Odisha now has 828 cases; death toll now 5 |
|
Assam count reaches 95 |
|
5 more CISF personnel test positive in last 24 hours |
|
Andhra reports 25 new cases; total now 2,230 |
|
Indore cases rise to 2,470; death toll reaches 100 |
|
Delhi death toll reaches 148 |
| World |
|
India |
|
| Tally |
Toll |
Tally |
Toll |
| 46,35,830 |
3,11,821 |
90,927 |
2,872 |
BOOSTER FINE PRINT
|
Covid-related debt to be excluded from default under IBC |
|
No fresh insolvency for next one year |
|
Minimum threshold to initiate insolvency raised to Rs 1 crore |
|
Most violations under Companies Act to be decriminalised |
|
Companies can now list securities directly in foreign jurisdictions |
|
All sectors opened to the private sector |
|
Borrowing limit of states increased from 3% to 5% |
|
Additional funding of Rs 40,000 crore for MGNREGS |
|
All districts to have infectious disease hospitals, public health labs |
AROUND THE WORLD
|
US adds 1,237 deaths in 24 hours |
|
China reports 5 new cases, down from 8 a day earlier |
|
Brazil's death toll tops 15,000 |
|
Italy records 153 new deaths |
|
Spain's daily toll below 100 - a first in 2 months |
|
|
|
