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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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