Lockdown, Day 67: Will India take leap of faith?

CORONAVIRUS UPDATES 30 May, 2020 | 05:59 PM IST SENSEX 32,424 +223.51 NIFTY 50 9,580 +90.20 Gold 46,557 +152.00 USD/INR 75.61 -0.15

Lockdown, Day 67: Will India take leap of faith? As the fourth phase of lockdown is ending tomorrow, SBI suggested that India should implement an exit plan strategy. In a research report, it said that an elongated lockdown will only prolong irreversible growth collapse. This, when daily rise in coronavirus cases is record high at 8000. On jobs front, top 5 insurance companies believe that they can hire upto 5000 people on business boom. Tata Steel also confirmed to honour all the offers it has made and start off digital training for fresh hires. Track this space for latest updates... COUNT SO FAR Bihar reports 150 new cases, state tally at 3,509 Rajasthan reports 49 new cases, count reaches 8,414 Odisha reports 96 new cases; tally now 1,819 Indore's count rises to 3,431; death toll at 129 2325 police personnel test positive in Maharashtra Himachal Pradesh logs 302 cases Manipur tally reaches 60 with 1 new case Andhra reports 70 new cases, count now 2,944 Uttarakhand tally rises to 727 with 11 new cases Kerala case count at 1150, death toll hits 9 Assam tally stands at 1100 World India Tally Toll Tally Toll 5,919,364 364,459 173,763 4,971 LIFE UNDER LOCKDOWN Travel resumption Day 5: 513 domestic flights, 39,969 passengers Zomato starts 'Talent Directory' for its laid off staff Axis Securities rolls out 2/3/5-days work-from-home model Maruti extends warranty, service timelines till June end Sunday curfew relaxed in Karnataka Bihar govt resolves to provide employment to everyone within state BUSINESS AND ECONOMY Tata Steel to honour all job offers to new hires Hyundai Motor exports over 5k units in May India needs intelligent lockdown exit strategy: SBI report Modi 2.0 cost investors Rs 27 lakh cr so far in equity wealth Lemon Tree's Q4 cash profit crashes by 80 percent AROUND THE WORLD Trump cuts ties with WHO as pandemic grips Latin America Abu Dhabi economy to contract by about 7.5% this year: S&P UK's COVID-19 job saving scheme to taper off from August: Rishi Sunak United Airlines cutting 13 top jobs under fresh restructuring US records 102,798 deaths and 1,745,606 cases Germany's confirmed cases rise by 738 to 181,196 Death toll in Brazil hits 27,878 Singapore's health ministry confirms 506 more cases China reports 6 new cases, tally at 82,999 Mexico reports 84,627 total cases and 9,415 deaths New York City to begin re-opening on June 8 DEBATE THIS India should forget catching up with China in growth. Agree? Tell us here

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India needs intelligent lockdown exit strategy: SBI report

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THE ECONOMIC TIMESDaily Newsletter Sat, May 30, 2020 | 05:52 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day India needs intelligent lockdown exit strategy: SBI report "We now believe that we should implement an intelligent lockdown exit strategy as the discussion has moved from debat... Will place draft ecommerce policy in public domain for comments soon: DPIIT Secretary Hyundai Motor exports over 5k units in May Three Indian companies get licence to manufacture NASA's coronavirus ventilators National Guard summoned to aid US cities amid police clashes US pharma giant seeks marketing authorisation from India for remdesivir Firms face indemnity letters, due block over GST Delhi-Moscow AI flight returns after pilot found COVID-19 positive

Debate This India should forget catching up with China in growth. Agree? The GDP numbers for both Q4 and full-year FY20 are out. Although Q4 saved India the blushes by beating most forecasts, it could not save FY20 from becoming the worst year in eight. Considering the fact that the lockdown affected only seven days of Q4, the omens appear even more awful for Q1 of FY21, the better part of which has already gone to waste. So, bye bye, double-digit growth dream?

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Modi 2.0 cost investors Rs 27 lakh cr so far Just 10% of BSE-listed stocks could log a respectable double-digit return for the year.... Tata Steel to honour all job offers to new hires How coronavirus jumped from animals to humans decoded Kerala's free internet project to be commissioned in December: CM View: The pandemic isn't India's only curve to flatten Trump bans entry of certain groups of Chinese students to US Govt to arrange special trains to bring labourers back to their workplaces: Anurag Thakur EPF contribution at 10% likely to push up your take home by only 1-2% Bombay HC refuses to quash order banning over-the-counter liquor sale

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