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Coronavirus Updates India Live: India is expected to post sharp turnaround by growing at 7.4% in FY22 as per IMF, says RBI Guv

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No downtime of internet or mobile banking during lockdown; banking operations normal

– RBI Governor

ATMs are operating at 91% capacity

– RBI

RBI’s liquidity injection has been at 3.2% of GDP since Feb 6-Mar 27, 2020

– RBI

Contraction in exports at 34% has turned out to be much worse than in global financial crisis of 2008-09,

– RBI

Since March 27, macroeconomic and financial aspect has deteriorated

– RBI

Impact of COVID-19 not captured in IIP print, so don’t get mislead by that data

– RBI

IMF projection of 1.9% GDP growth for India is highest in G20

– RBI Governor Shaktikanta Das

India is expected to post sharp turnaround by growing at 7.4% in FY22 as per IMF

– RBI

Emerging markets are coping with sharp volatility in financial markets & exchange rates

– RBI

India expected to cling on to 1.9% growth as estimated by IMF

– RBI Governor

In 2020 global economy is expected to plunge into greatest recession

– RBI

IMF estimates cumulative loss to global GDP in 2021, 2022 at $9 trillion

– RBI

Banks and financial institutions have risen to the occasion and ensured smooth functioning

– RBI

Deepest appreciation to health workers, police staff and other service providers at the frontline. Banks and fin institutions have risen to the occasion and provided services- their efforts are praiseworthy

– RBI Governor Shaktikanta Das

Mission is to do whatever it takes to prevent the curve from steepening

– RBI Governor Shaktikanta Das

RBI has been very proactive and has been monitoring the evolving situation very closely: RBI Governor

Sensex gains 930.73 points; currently at 31,533.34

India says IMF liquidity boost may have costly side effects

  • India’s finance minister said on Thursday the country could not support a general allocation of new Special Drawing Rights by the International Monetary Fund because it might not be effective in easing coronavirus-driven financial pressures.
  • Finance Minister Nirmala Sitharaman said in a statement to the IMF’s steering committee that she also was concerned that such a major liquidity injection could produce potentially costly side-effects if countries used the funds for “extraneous” purposes.

MHA issues 4 new additions to the earlier guidelines on lockdown measures

MHA issues 4 new additions to the earlier guidelines on lockdown measures

Rajasthan reports 38 new cases; tally climbs to 1169

Today 38 new COVID-19 cases reported today in the state; Jaipur-5, Jodhpur-18, Jhunjhunu-1, Nagaur-2, Ajmer-1, Tonk-6, Jhalawar-1, Kota-4. The total number of positive cases rises to 1169 now in the state: Rajasthan Health Department

Gujarat is proud of scientists at Gujarat Biotechnology Research Centre, the only State Govt lab in India that has reported COVID-19 whole-genome sequence which will be helpful in tracking origin, drug targets,vaccine&association with virulence

– Chief Minister’s Office, Gujarat

China economy shrank 6.8% in Q1, first contraction in decades: official

China’s Wuhan raises COVID-19 death toll by 1,290, up 50%: Govt

China’s coronavirus ground-zero city of Wuhan on Friday abruptly raised its death toll by 50 per cent to a total of 3,869, admitting that many cases were “mistakenly reported” or missed entirely.

Sensex rallies 1,080 points, Nifty tops 9,300; IndusInd, Axis Bank jump up to 8%

Sensex rallies 1,080 points, Nifty tops 9,300; IndusInd, Axis Bank jump up to 8%

Six-month-old girl among three fresh COVID-19 cases in Bihar, total reaches 83

Three persons, including a six- month-old infant girl, have tested positive for COVID-19 in Bihar, taking the total number of coronavirus cases in the state to 83, a top official said on Friday.

Broncos Miller tests positive for Covid-19

Denver Broncos star linebacker Von Miller has tested positive for COVID-19, becoming the second NFL player to be hit with the disease which has caused a pandemic.

Broncos Miller tests positive for Covid-19

Additions to the earlier order that allowed activities that can be carried from April 20 in green zones

Additions to the earlier order that allowed activities that can be carried from April 20 in green zones

China’s Wuhan city revises up total coronavirus death toll by 1,290

Karnataka to buy 2 lakh rapid test kits for COVID-19 detection

US provides nearly USD 5.9 million in health assistance to India on COVID-19

  • The US has provided nearly USD 5.9 million in health assistance to India to contain the spread of COVID-19, the State Department has said.
  • The amount is being used to help India hinder the spread of the disease by providing care for the affected, disseminating essential public health messages to communities and strengthen case-finding and surveillance, it said on Thursday.

5 new cases in Chittoor, Andhra Pradesh

Delhi cases stand at 1,640

Total cases in India rise to 13,387 (1007 positive cases & 23 deaths reported in the last 24 hours)

As per Ministry of Health and Family Welfare :-

  • Active cases : 11,201
  • Cured/Discharged : 1,748
  • Deaths : 437
  • Migrated : 1

Indian-American Congressman Ro Khanna in White House coronavirus advisory council

  • Indian-American Congressman Ro Khanna has been appointed to the White House Coronavirus Advisory Council.
  • Khanna is the only Indian-American lawmaker to be named to the White House’s Opening Up America Again Congressional Group which comprises Congressmen and Senators from both the Republican and the Democratic parties. The first meeting of the group was held Thursday over a phone call.

China’s Q1 GDP posts first decline on record as virus shuts down economy

China’s economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began.

Trump urged to work with US allies on COVID-19 probe, appoint high-level envoy

  • A powerful group of Senators Thursday urged President Donald Trump to work with American allies such as Japan, South Korea, and European nations to pursue an open and transparent probe into the origins of the novel coronavirus, as well as the WHO’s decision-making on the crisis.
  • Led by Republican Senator Marco Rubio from Florida, the Senators also urged the President to appoint a high-level Envoy to lead international coordination efforts both for COVID-19 response and for related investigations.

Congressional legislation introduced to allow Americans to sue China

Two US lawmakers Thursday announced to introduce a legislation in the Congress that would allow Americans to sue China in the federal court to recover damages for death, injury, and economic harm caused by the coronavirus pandemic.

Guatemala official: 44 deportees tested positive for virus

  • Forty-four Guatemalans deported on one flight from the United States this week have tested positive for COVID-19, a Guatemalan government official with knowledge of the situation said, amid rising rejection of deportees due to virus fears.
  • Later Thursday, Guatemala Foreign Affairs Minister Pedro Brolo told The Associated Press the government had again suspended deportation flights. He did not explain why, but said the move was temporary.

UK extends COVID-19 lockdown measures for another 3 weeks

The UK government has decided to extend lockdown measures to curb the spread of the coronavirus for another three weeks, UK Foreign Secretary Dominic Raab, who is currently standing in for Prime Minister Boris Johnson amid his recovery from COVID-19, said on Thursday.

RBI Governor Shaktikanta Das to address at 10:00 AM today

China reports 26 new coronavirus cases in mainland

  • China reported on Friday 26 new confirmed cases of the coronavirus in the mainland, down from 46 cases a day earlier, according to the National Health Commission.
  • Of the new cases on Thursday, 15 were imported infections, the health authority said, compared with 34 a day earlier.
  • The remaining 11 confirmed cases were locally transmitted infections, down from 12 a day earlier.

About 67 Indian firms have got approval from Central Drug Standard Controller Organisation (CDSCO) for antibody rapid testing kits for testing COVID-19

Out of 67 companies,5 are indigenous & other 62 are importing antibody rapid testing kits from China,South Korea,UK, France & Israel

Three more persons have tested positive for Coronavirus in Chhattisgarh’s Korba district, taking the total number of cases in the state to 36 including 23 discharged/cured: All India Institute Of Medical Sciences, Raipur

8 dead and 245 persons test positive for COVID-19 in Indore on April 16

Total number of COVID19 positive patients in the state rises to 805: Uttar Pradesh Health Department

2 more cases in Meghalaya

Trump lays out gradual reopening of US as China faces virus fire

  • President Donald Trump on Thursday laid out guidelines for a gradual reopening of the United States after the battering of the coronavirus pandemic, saying normal life should resume quickly in some states.
  • Trump’s new push came as he saw progress in his campaign to pressure China, with fellow Western leaders agreeing that Beijing has not been transparent on the origins of the virus that has infected more than 2.1 million people.

COVID pandemic: US-based Sikh body says it fed over million people

A US-based non-profit Sikh body has said it provided free meals to more than a million people in over half a dozen countries across the world during the ongoing coronavirus pandemic.

Mexico registers 450 new cases of coronavirus and 37 deaths – Health Ministry

Mexican health officials reported on Thursday 450 new cases of the novel coronavirus and 37 new deaths, bringing the country’s total to 6,297 cases and 486 deaths.

IMF approves $1.4 billion in coronavirus aid to Pakistan

  • The IMF on Thursday approved nearly $1.4 billion in emergency aid to Pakistan to help it weather the impact of the coronavirus pandemic.
  • “While uncertainty remains high, the near-term economic impact of COVID-19 is expected to be significant, giving rise to large fiscal and external financing needs,” the international lender said in a statement.

Prince Harry and Meghan hand out meals in Los Angeles

Britain’s Prince Harry and his wife Meghan handed out meals to sick people in Los Angeles, in their first known public activity since moving to California at the start of the state’s coronavirus lockdown.

Trump says there could be some flare-ups of the coronavirus in the fall

US coronavirus death toll climbs to over 33,000 -Reuters tally

Trump gives governors 3-phase plan to reopen economy

President Donald Trump gave governors a road map Thursday for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate approach” to restoring normal activity in places that have strong testing and are seeing a decrease in COVID-19 cases.

India says IMF liquidity boost may have costly side effects

  • India’s finance minister said on Thursday the country could not support a general allocation of new Special Drawing Rights by the International Monetary Fund because it might not be effective in easing coronavirus-driven financial pressures.
  • Finance Minister Nirmala Sitharaman said in a statement to the IMF’s steering committee that she also was concerned that such a major liquidity injection could produce potentially costly side-effects if countries used the funds for “extraneous” purposes.

COVID-19 cases in US tops 650,000

Boeing restarting commercial airplane production next week

  • Boeing Co said it will resume commercial airplane production next week in Washington State after suspending operations last month in response to the COVID-19 pandemic.
  • Approximately 27,000 people in the Puget Sound area will return to production of the 747, 767, 777 and 787 programs.

Zoom rolls out new measures as security fears mount

  • Videoconferencing platform Zoom is rolling out a number of measures meant to stem criticism over how it has handled security as users flock to the application during the coronavirus pandemic.
  • Zoom chief executive Eric Yuan laid out steps Wednesday that the company is taking against problems such as data hacking and harassment by individuals who crash sessions in what is referred to as “Zoombombing.”



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