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The economic price the world may have to pay for Covid seems to be getting graver and graver. According to the IMF, the pandemic will drag Asia’s growth to nil, a first in 60 years. Niti Aayog’s boss, however, said India may be able to avoid a zero growth scenario.
Maharashtra today became the first state in India to hit the 3000-mark, but there’s a silver lining. India’s worst affected state saw a 34% dip and in new cases recorded yesterday, while state capital Mumbai witnessed a 35% dip.
Track all the other developments of the day here…
COUNT SO FAR
- 159 new cases in Indore; total in district now 597
- 19 more cases reported in Agra
- Two more test positive in Bihar; tally rises to 72
- Gujarat reports 105 new cases; state tally rises to 871
- 25 new cases in Rajasthan; total number climbs to 1,104
- 34 test positive in Karnataka; state tally at 313
- Andhra Pradesh reports 9 new cases; tally now 534
- Haryana reports 9 more cases; state count now 213
- Tamil Nadu reports 25 new cases; tally up to 1267
- Dharavi reports 11 more cases
- Maharashtra records 2,916 cases; death toll at 187
- Death toll in Karnataka now 13
- Three more deaths take Gujarat’s toll to 36
- Pune reports one more death; toll rises to 44
| World | India | ||
| Tally | Toll | Tally | Toll |
| 2,072,228 | 137,666 | 12,759 | 420 |
LIFE UNDER LOCKDOWN
- All major cities named ‘red zone’ hotspots
- Curfew in parts of Surat from Thursday midnight
- 2G services extended in Jammu and Kashmir till April 27
- Renewal of health, motor covers extended to May 15
ECONOMIC OVERVIEW
- Sensex snaps two-day losing run, gains 223 pts; Nifty ends at 8,993
- Rupee plummets 43 paise to at all-time low of 76.87 (provisional) against USD
- Goldman Sachs downgrades India to marketweight
- Wipro defers annual increments and promotions
- Foodgrain production target set at 298.3 mn tons for 2020-21
WORLD STATS
- IMF proposes to deploy full $1 tn lending capacity
- US reports 2,371 deaths in one day– a new high
- Europe death toll tops 90,000
- France’s deaths rose by 1,438 on Wednesday
- Spain sees 551 new virus deaths as toll passes 19,000
- Germany tally rises to 130,450 (+2,866), toll to 3,569 (+315)
- China reports 46 new virus cases, but no deaths
- Google to slow hiring for rest of 2020
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