Thursday 23 April 2020

Lockdown, Day 30: Rising cases, falling growth

CORONAVIRUS UPDATES

23 Apr, 2020 | 06:04 PM IST


Lockdown, Day 30: Rising cases, falling growth

Locked-down India may be in its worst quarter since the mid-1990s. Fitch today slashed growth projections to 0.8% in the current 2020-21 fiscal, highlighting the hefty cost of shutting the country down for 40 days.

As India completes a month under lockdown, the country reported 21,700 cases, with 1400 cases being added in the last 24 hours. Testing in the country has gone up 33 times in the last 30 days, the govt said today.

Track the latest developments here...



COUNT SO FAR
    Rajasthan reports 47 new cases; state tally nears 2,000
    Assam case count rises to 35
    Bihar reports 4 more cases; state tally climbs to 147
    6 new cases confirmed in Karnataka; nine in Bengaluru Urban
    Maharashtra reports 431 new cases; state tally now 5,649
    Haryana case count rises to 270
    80 new cases take AP tally to 893; death toll 27
    Indore's death toll rises to 53
    12 new cases in Kanpur
World India
Tally Toll Tally Toll
26,39,243 1,83,820 21,700 686

BUSINESS & ECONOMY
    India's GDP growth likely to range up to 1.5% in FY21: CII
    Sensex ends 484 pts higher, Nifty tops 9,300
    Rupee surges by 62 paise to settle at 76.06
    Remittances to India could decline by 23% in 2020
    Reliance cuts crude processing at Jamnagar SEZ refinery by 24 per cent
    S&P Global lowers ratings on Future Retail to CCC-
    Govt freezes dearness allowance of staff at current levels
    Sebi cuts time gap on capital raising after buyback to 6 months from 1 year
    Sebi extends deadline to apply for senior level executive roles
    IndiGo rolls back pay cut in April salary of staff
    Housing sales falls 26% in Jan-Mar in 9 top cities

BACK TO WORK
    Tuticorin Alkali Chemicals' plant resumes production
    70% Highway projects resume
    Zuari Agro Chemicals resumes operations in Goa plant
    Lockdown norms partially relaxed in Karnataka
    Triveni Turbine Ltd partially resumes operations in Bengaluru
    Pricol reopens Uttarakhand plant

WORLD ECONOMY
    Fitch sees global economy shrinking 3.9% in 2020
    Japan's services sector shrinks at record pace in April
    South Korean economy shrinks 1.4%
    Trump suspends immigration into US
    Virus triggers record losses for Swiss central bank
    Thailand's March foreign tourist arrivals tumble 76.4% y/y

GLOBAL TALLY
    US sees 1,738 new deaths in 24 hours
    Italy's death toll exceed 25,000
    China's asymptomatic cases top 980
    Germany case count up by 2,352 to 148,046
    Mexico cases top 10,000
    Cases in Pak rises to 10,513; 224 deaths
    Spain's number of coronavirus cases rise to 213,024

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