Lockdown, Day 31: Only the first wave so far

Even as India battles the first wave of coronavirus - reporting 1,684 cases in the last 24 hours - experts are raising concerns of a second wave of the infection during late July and August.

As COVID-19 continues wreaking havoc on global economies, Franklin Templeton has wound up six of its debt mutual funds - worth $4.1 billion - in the country, the effects of which are bound to be felt across the economy.

Here are the latest developments:




COUNT SO FAR:

• One death in Kerala
• 778 new cases in Maharashtra, total now 6,427.
• 184 new cases in Madhya Pradesh, total up to 1,771.
• 62 new cases in Andhra Pradesh, total reaches 955.
• 44 new cases in Rajasthan, total now up to 2,008.
• 18 new cases in Karnataka, state’s count now 463.
• Six new cases in Bihar bring the total up to 176.
• One new case in Odisha, total cases now 90.
• Tripura becomes coronavirus free.

World		India
Tally	Toll	Tally	Toll
27,21,354	1,91,231	23,452	723

HEALTH:

• Remdesivir - the antiviral drug being tested for COVID-19 - fails human trials.
• Bombay HC asks governments to ensure non-COVID-19 patients get proper care.
• AIIMS to not conduct autopsies for COVID-19 deaths.

BUSINESS:

• Sensex falls 536 points at close, NIFTY barely above 9,000.
• Rupee falls 40 paise against dollar; settles at 76.46.
• 29 lakh jobs in aviation could be affected due to the pandemic.
• Mobile manufacturers seek essentials tag.
• UBS cuts target price on bank stocks by 5-41 percent.
• India’s investments plummet to a five-year low.
• Sri Lanka to seek $400 million cash swap from RBI.

WORLD:

• Global deaths nearing 2,00,000.
• America’s death toll nears 50,000.
• Spain's cases rise to 219,764.
• US passes $500 billion bill for coronavirus relief.
• 3,000 deaths in Brazil.
• Indonesia's biggest daily jump - 436 cases - takes tally to 8,211.
• China reports six fresh cases.

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