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Wednesday, May 20, 2020

Lockdown, Day 57: Jet, set, go

CORONAVIRUS UPDATES

20 May, 2020 | 06:32 PM IST


Lockdown, Day 57: Jet, set, go

India is looking to restart domestic flight operations from May 25, despite registering its highest daily rise with 5,611 new cases in the last 24 hours. Maharashtra alone witnessed over 2,000 new cases for the third straight day.

The nationwide lockdown has cost Ola 95% of its revenue in the last two months, leading to 1,400 of its employees losing their jobs. The news comes days after Ola announced resumption of operations in more cities following new guidelines.

Here are the latest updates from today:


COUNT SO FAR:

    Goa reports 8 new cases, tally 46
    Three new cases take Assam's tally to 157
    Rajasthan reports 107 new cases; tally nears 6,000-mark
    Jharkhand now has 248 cases
    68 new cases in Andhra Pradesh
    Karnataka reports 63 new cases; tally now 1,458
    Kerala reports 24 new cases, state tally climbs to 666
    12 fresh cases in Himachal
    Toll in Delhi now 176; tally to 11,088 after highest single-day spike - 534
    9 new cases reported in Uttarakhand

World India
Tally Toll Tally Toll
4,897,567
323,286 106,750 3,303


LIFE UNDER LOCKDOWN:

    Two-month fishing ban along Karnataka coast to begin on June 1
    Liquor shops reopen in Ranchi
    Public transport reinstated in Delhi
    Tamil Nadu to provide relief to unregistered handloom weavers

BUSINESS AND ECONOMY:

    Sensex 622 ends points up; Nifty above 9,050
    India's GDP to see 5% contraction in FY21, says Icra
    Debt binge to widen India's fiscal gap to 13%: HSBC
    Dr Reddy's Q4 profit soars 76% YoY to Rs 764 crore
    PM Vaya Vandana Yojana extended till Mar 31, 2023
    Foreign investors pull out $16 billion from India
    Ola to layoff 1,400 staff
    Twitter-backed Sharechat to layoff 101 employees

AROUND THE WORLD:

    Rolls-Royce says to axe 9,000 jobs
    UK inflation falls to three-year low
    JLR resumes production at Solihull plant in UK
    US deaths projected to top 1,13,000 by mid-June
    US records over 1,500 deaths in the past 24 hours
    Germany's cases rise by 797 to over 176,000
    Brazil records 1,179 deaths; 271,628 cases

DEBATE THIS:


India's GDP to see 5% contraction in FY21, says Icra

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THE ECONOMIC TIMESDaily Newsletter
Wed, May 20, 2020 | 05:16 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Debt woes derail India's plan to deliver stronger fiscal support Debt woes derail India's plan to deliver stronger fiscal support
The actual fiscal cost of the stimulus released by the FM amounts to just about 1% of GDP....
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Debate This
Do you think Lockdown 4.0 was really needed?
So, India has brought another two wait-and-watch weeks to bear on the virus. By now, the economy watchers are a desperate lot — despondent to see decades of GDP & livelihood gains gone, and unnerved by the spectre of an endless lockdown eventually taking more lives than any virus will. Was Lockdown 4.0 overkill? Join the debate

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