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Monday, May 18, 2020

Lockdown, Day 55: Trance after tranche

CORONAVIRUS UPDATES

18 May, 2020 | 06:49 PM IST


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

DEBATE THIS
    Do you think Lockdown 4.0 was really needed? Tell us HERE


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