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Thursday, May 7, 2020

Lockdown, Day 44: No piece of cake, this

CORONAVIRUS UPDATES

7 May, 2020 | 05:11 PM IST


Lockdown, Day 44: No piece of cake, this

It's clear that keeping a nation under lock and key is costly - what with billion-dollar losses to industries and millions of people out of jobs. But, reopening a stalled economy isn't a cakewalk either. Industries are being allowed to open, but where are the workers? Production is starting back up, but who do you sell to when a majority of the population is still home?

The way numbers are rising, India's infection rate is predicted to peak in June. The country now has over 50,000 cases and recorded the highest number of fresh cases in a day - 3,600.

Here are the top developments of the day...



CASES SO FAR
    428 new cases in Delhi; total climbs to 5,532
    20 new cases in Odisha, state tally now 205
    Rajasthan reports 45 new cases; state tally hits 3,400
    Andhra Pradesh now has 1,833 cases
    10 new cases in UP's Gautam Buddh Nagar; state tally now 3,059
    Cop succumbs to virus in Maharashtra; 5th death in the force
    487 Maharashtra cops found positive since lockdown
    Jammu and Kashmir toll rises to 9
    Death toll now 30 in Karnataka; tally crosses 700-mark
    Bihar death toll rises to 5
    Indore toll goes up to 83; tally now 1,699
World India
Tally Toll Tally Toll
37,55,341 2,63,831 52,952 1783

LIFE IN A LOCKDOWN
    Air India opens bookings for evacuation
    Visas, OCI cards for foreigners to remain suspended
    Cases in India to peak in June-July, no declining trend despite lockdown: AIIMS director

ECONOMY AND BUSINESS
    Banks drag Sensex 242 points lower; Nifty below 9,200
    SBI reduces MCLR; introduces special deposit for Senior Citizens
    10% pay cut on CTC above 25L: Kotak Mahindra Bank
    HCL Tech Q4 results: Profit jumps 23%
    Domestic aviation industry to take Rs 25,000-cr hit
    Manufacturers predict salt shortfall
    MP amends labour laws to give more flexibility to companies
    BMW resumes operations at Chennai plant

AROUND THE WORLD
    ArcelorMittal reports $1.1 bn net loss in Mar quarter
    Uber reduces workforce by 14%, signals more cuts
    Bank of England sees worst slump in 300 years
    Germany's confirmed cases rise by 1,284
    Second coronavirus wave possible in Germany before autumn
    80,000 cases reported daily in April
    Death toll tops 150,000 in Europe
    Mexico now has 27,634 cases; 2,704 deaths
    China reports 2 more imported cases
    US virus death toll climbs by 2,073 in 24 hours
    Brazil presidential spokesman tests positive
    Singapore reports 741 new cases, taking total to 20,939

DEBATE THIS
    Is it time to allow home delivery of alcohol? Tell us here


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