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Thursday, April 30, 2020

Lockdown, Day 37: Make-or-break May for India

CORONAVIRUS UPDATES

30 Apr, 2020 | 05:51 PM IST


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
    Pune reports 127 new cases; 71 new cases in Nashik
    2 more deaths, 86 new cases in Rajasthan
    Andhra reports 71 new cases; state tally nears 1,500
    69 fresh cases in UP, total climbs to 2,203
    Karnataka reports 22 new cases; tally climbs to 557
    4 new cases reported in Bihar
    Assam reports four more cases
    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
    Sensex soars 997 pts; Nifty ends April F&O series at 9,860
    Core sector output shrinks 6.5% in March
    Rupee settles 57 paise higher at 75.09 vs dollar
    RBI extends Fixed Rate Reverse Repo and MSF window
    RBI may raise promoter cap in private banks
    RBI grants more time to banks to file regulatory returns
    RBI extends market trading hours from 10 am to 2 pm till further notice
    HUL Q4: Profit drops 3% to Rs 1,520 crore
    SpiceJet to pay part salaries to over 92% employees in April
    Reliance announces pay cuts, Ambani to forgo entire pay
    Vistara temporarily modifies in-flight services

GLOBAL FALLOUT
    Dow profit falls on lower prices, virus-led slowdown hurts demand
    China's manufacturing weakens in April
    France GDP falls 5.8% in Q1
    Global gold demand sees modest growth in Q1 on lockdown-led disruptions
    Germany unemployment rate leaps by 13.2% to more than 2.6 mn in April
    Shell cuts dividend for first time since WW 2
    Italy GDP plunges 4.7% in Q1, steepest quarterly drop in 25 years

WORLD TALLY
    US records 2,502 deaths in past 24 hrs; total toll tops 60,000
    Russia's case tally passes 100,000
    UK admits it could miss 100,000 daily virus tests target
    Iran virus death toll surges past 6,000
    Spain daily virus death toll drops below 300

ET SURVEY
    Can India hit the ground running? Tell us what you think


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