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    Tuesday, May 12, 2020

    Lockdown, Day 49: Cost of a week spent home

    CORONAVIRUS UPDATES

    12 May, 2020 | 08:04 PM IST


    Lockdown, Day 49: Cost of a week spent home

    Ever wonder how much closing down factories for a week could cost? India found out today. The country's industrial production witnessed a record low of - 16.7% in March. PM Modi announced a nation-wide lockdown on March 25.

    That's not all. In April alone, the lockdown cost 27 million youth their jobs. However, things are slowly beginning to look up, as more and more industries start back up in May.

    Here are the latest updates from today:


    COUNT SO FAR:
      Indore case count crosses 2,000-mark
      Tamil Nadu reports 716 new cases; state's tally now 8,718
      Jharkhand reports another case, total count mounts to 161
      Kerala reports 5 new cases. The state's total case count is at 529
      Karnataka case count reaches 925
      362 new cases in Gujarat takes state tally to 8904
      Nagpur cases climb to 300; Maharashtra now has 23,401 cases
      Bihar reports 12 more cases; state tally rises to 761
      Rajasthan case count crosses 4,000-mark
      Delhi reports 406 new cases; tally rises to 7,639

    World India
    Tally Toll Tally Toll
    4,178,156 286,353 70,756 2,293

    LIFE UNDER LOCKDOWN:
      HC dismisses plea for door to door testing in Mumbai
      575 "shramik special" trains operated by Indian Railways
      Railways makes installing Aarogya Setu mobile app 'mandatory' for travel
      Maharashtra allows home delivery of alcohol, but to those with a permit
      Air India HQ sealed after employee tests positive

    BUSINESS AND ECONOMY:
      IIP at record low, shrinks 16.7 per cent in March
      CPI not compiled for April 2020
      Sensex stages 526 points recovery
      Finance Ministry releases Rs 6,195 crore to 14 states
      PSBS sanctions loans worth Rs 6 lakh crores in 2 months
      Bandhan Bank Q4 profit declines 29% QoQ
      Urban Company sees revenue soar 103% in FY20
      ArcelorMittal offers $2 bln of shares, convertibles at discount
      Maruti Suzuki restarts its Manesar plant
      Hyatt to lay off 1,300 employees

    AROUND THE WORLD:
      Saudi Aramco profit falls 25%
      Toyota profit nose-dives 86%
      Singapore eases restrictions, allows some businesses to reopen
      US death toll passes 80,000
      Wuhan to test entire population after new virus cluster
      China reports no new domestic cases after weekend spike
      Coronavirus vaccine may never be found says UK PM Boris Johnson
      Pakistan's case count tops 31,000
      Tesla tells California staff to return to work, in defiance of county orders

    DEBATE THIS:
      Has India failed its labour class? Tell us here


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