COVID-19 pandemic: CARE Ratings expects GDP growth at 1.1% in current financial year
The note also said that currently, the agency is not sure when the pandemic will subside or end and what would be the wider ramifications of the same.
The novel coronavirus, or COVID-19, pandemic has spread across 185 countries and territories. Today is the thirty first day of India’s nationwide lockdown, which has been extended till May 3. Confirmed COVID-19 cases in India stand at 23,077. The death toll from the outbreak in India is at 686. Maharashtra, Gujarat and Delhi have reported the highest number of cases.Globally, there have been over 27 lakh confirmed cases of COVID-19. At least 1.9 lakh people have died so far. The United States, Spain, Italy, France, Germany and the UK are the most-affected countries. The outbreak continues to have a major impact on the global economy. Catch the latest updates here:
Nagpur COVID-19 cases reach 100-mark
Pak's coronavirus cases rise to 11,155
Odisha reports 90 COVID-19 cases
Rajasthan COVID-19 tally touches 2,000
China's coronavirus cases drop to single-digit
Confirmed COVID-19 cases in India rise to 23,077
Tripura becomes coronavirus-free state: CM
MP reports 1,771 COVID-19 cases
COVID-19 pushes US unemployment toward highest since Depression
Coronavirus in Karnataka LIVE updates: Licence fees for commercial establishments at bus stations, roadside refreshment stalls, advertisements on buses &passenger information system boards at bus stations (except mobile towers & ATMs) have been waived off for lockdown period: Karnataka State Road Transport Corporation
FDA warns against consuming chloroquine, HCQ to treat COVID-19 after deaths, 'serious' poisoning reported
After "serious" poisoning and deaths were reported, the Food and Drug Administration warned consumers against taking malaria drugs chloroquine and hydroxychloroquine to treat COVID-19 symptoms, CNBC has reported.
The agency also warned physicians against prescribing the drugs to treat the coronavirus outside of a hospital.
Coronavirus in Delhi LIVE updates | LG Anil Baijal: It has come to notice that video has been circulating in social media regarding instructions being given for not reciting Azaan by Police. Delhi Police already communicated that no such instructions have been given and have clarified the same in their advisory.
Disciplinary Action is being taken against the erring Police Officials. Appeal to observe the holy month of Ramzan as per the advisory given to stay safe and follow lockdown in your and public interest.
Coronavirus in India LIVE Updates | PM Modi: Ramzan Mubarak! I pray for everyone’s safety, well-being and prosperity. May this Holy Month bring with it abundance of kindness, harmony and compassion. May we achieve a decisive victory in the ongoing battle against COVID-19 and create a healthier planet.
Coronavirus in India LIVE Updates | Finance Commission: 15th Finance Commission in meeting with its Advisory Council on 23-24 April, felt that impact of COVID-19 and national lockdown on Indian economy can come through slowdown in domestic activity, its impact on cash flows of financial institutions and business enterprises.
Further, loss of global demand for Indian products because of a steep global recession. Members were unanimous to suggest that projections of real GDP growth made before March 2020 needs to be re-looked entirely and revised downwards considerably.
Coronavirus Essential podcast | Total cases in India reaches 23,000; fears of second wave of virus during monsoon
India's total number of coronavirus cases has crossed 23,000. The health ministry is keeping track of the situation, and PM Narendra Modi will decide on another economic relief package on April 27, after consulting with chief ministers.
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