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Lockdown, Day 37: Make-or-break May for India
India should be "cleverer" in lifting the lockdown and should open up its economy in a "measured way" soon to save jobs, former RBI governor Raghuram Rajan said today.
Compared to other countries, India has been faring fairly well, with a slower doubling and lower mortality rate than the US, Italy, Spain, UK. As the May 3 deadline nears, the next month could be make-or-break for India's virus fight.
Meanwhile, India's core sector output slipped into red in March, after hitting an 11-month high in February.
Here are all the latest developments...
COUNT SO FAR
BUSINESS AND ECONOMY
GLOBAL FALLOUT
WORLD TALLY
ET SURVEY
Compared to other countries, India has been faring fairly well, with a slower doubling and lower mortality rate than the US, Italy, Spain, UK. As the May 3 deadline nears, the next month could be make-or-break for India's virus fight.
Meanwhile, India's core sector output slipped into red in March, after hitting an 11-month high in February.
Here are all the latest developments...
COUNT SO FAR
 | Cases rise to 128 in Odisha |
| Pune reports 127 new cases; 71 new cases in Nashik |
| 2 more deaths, 86 new cases in Rajasthan |
| Andhra reports 71 new cases; state tally nears 1,500 |
| 69 fresh cases in UP, total climbs to 2,203 |
| Karnataka reports 22 new cases; tally climbs to 557 |
| 4 new cases reported in Bihar |
| Assam reports four more cases |
| Haryana reports 18 more cases; state tally reaches 329 |
| World | India | ||
| Tally | Toll | Tally | Toll |
| 31,93,886 | 2,27,638 | 33,610 | 1075 |
BUSINESS AND ECONOMY
| Sensex soars 997 pts; Nifty ends April F&O series at 9,860 |
| Core sector output shrinks 6.5% in March |
| Rupee settles 57 paise higher at 75.09 vs dollar |
| RBI extends Fixed Rate Reverse Repo and MSF window |
| RBI may raise promoter cap in private banks |
| RBI grants more time to banks to file regulatory returns |
| RBI extends market trading hours from 10 am to 2 pm till further notice |
| HUL Q4: Profit drops 3% to Rs 1,520 crore |
| SpiceJet to pay part salaries to over 92% employees in April |
| Reliance announces pay cuts, Ambani to forgo entire pay |
| Vistara temporarily modifies in-flight services |
GLOBAL FALLOUT
| Dow profit falls on lower prices, virus-led slowdown hurts demand |
| China's manufacturing weakens in April |
| France GDP falls 5.8% in Q1 |
| Global gold demand sees modest growth in Q1 on lockdown-led disruptions |
| Germany unemployment rate leaps by 13.2% to more than 2.6 mn in April |
| Shell cuts dividend for first time since WW 2 |
| Italy GDP plunges 4.7% in Q1, steepest quarterly drop in 25 years |
WORLD TALLY
| US records 2,502 deaths in past 24 hrs; total toll tops 60,000 |
| Russia's case tally passes 100,000 |
| UK admits it could miss 100,000 daily virus tests target |
| Iran virus death toll surges past 6,000 |
| Spain daily virus death toll drops below 300 |
ET SURVEY
| Can India hit the ground running? Tell us what you think |
