Lockdown, Day 80: Climb up the reform ladder

On a day when India saw the sharpest spike of almost 11,000 new coronavirus cases, IMF hinted at extreme global poverty as a result of the crisis. It suggested that more funds will be needed in addition to the already spent $10 trillion by governments across the world.

On a brighter side, S&P Global predicts India's economic growth potential in medium and long-term is 6.5-7 per cent but reforms are critical for the country to get back to recovery after deep shock this year.

Track this space for latest updates...




COUNT SO FAR

• Goa reports 30 new cases, 417 till now
• Nagaland reports 9 new cases , tally at 156
• Odisha count reaches 3,498 with 112 new cases
• Jharkhand's total cases reach 1,607
• Puducherry case count stands at 163
• Rajasthan logs 11,930 cases
• 207 new cases in AP; aggregate rises to 5,636
• Tripura count stands at 916
• Imphal's total cases reach 385
• Uttarakhand reports 37 new cases, tally 1,692

WORLD		INDIA
Tally	Toll	Tally	Toll
7,502,278	421,032	297,535	8,498

LIFE UNDER LOCKDOWN

• HC, lower courts heard over 18 K cases via video conference
• BCCI cancels India's tours to Sri Lanka, Zimbabwe
• SBI relaunches online savings account opening facility
• Google to show testing centres on Search, Assistant and Maps
• Lockdown relaxations in Maharashtra not being revoked

BUSINESS AND ECONOMY

• GST Council Meet: FM gives relief to small taxpayers
• Sensex stages 1400 points rebound, ends 243 points higher
• Rupee settles 5 paise lower at 75.84 against US dollar
• Shoppers Stop lays off more than 1,100 employees
• S&P predicts serious local epidemic, enduring financial and corporate distress in India
• M&M Q4 results: Firm posts net loss of Rs 3,255 cr
• Average housing prices up 38% in last decade
• Maruti drives in Celerio S-CNG version at Rs 5.36 lakh
• Govt to give 50% subsidy for fruit, vegetable transport

AROUND THE WORLD

• Germany's confirmed cases rise by 258 to 185,674
• More than 900 die in US in 24 hours
• China reports 7 new cases, total at 83,064
• Russia reports 8,779 new infection cases
• Indonesia reports 1,111 new cases, 48 deaths
• Philippines records 615 more cases, 16 deaths
• UK economy shrinks by record 20.4% in April
• Singapore reports 463 COVID-19 cases

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