Coronavirus: US braces for 'toughest' week as death toll rises : Bulletin: Business Today
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Coronavirus: US braces for 'toughest' week as death toll rises

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April 6, 2020

Coronavirus: US braces for 'toughest' week as death toll rises

The United States on Sunday entered one of the most critical weeks so far in the coronavirus crisis, with government officials warning that the death toll in places such as New York, Michigan and Louisiana was a sign of trouble to come in other states. New York, the hardest-hit state, reported on Sunday that for the first time in a week, deaths had fallen slightly from the day before.

India faces 'greatest emergency' since Independence, says Raghuram Rajan

Former Reserve Bank of India (RBI) Governor Raghuram Rajan said that the Indian economy is facing the 'greatest emergency' since Independence, more acute than the global financial crisis in 2008-09. The workers could still go out to work during the financial crisis as against the current situation, Rajan said.

Read: Coronavirus in India Live Updates: It's going to be a long haul, don't tire, says PM; active cases 3,666

PM Modi calls up Pranab Mukherjee, Manmohan Singh, Sonia Gandhi to discuss coronavirus

Prime Minister Narendra Modi on Sunday spoke to former Presidents, Prime Ministers and leaders of Opposition parties as India continues to witness a spike in coronavirus infections and deaths. PM Modi called former Presidents, Pranab Mukherjee and Pratibha Patil, former Prime Ministers Manmohan Singh and HD Devegowda, and senior leaders, including Congress's President Sonia Gandhi, Samajwadi Party's Mulayam Singh and Akhilesh Yadav, according to government sources. The decision for a nationwide lockdown has received mixed reactions from the Opposition and other parties.

RBI revises timings for currency, debt markets; BSE, NSE timings unchanged

The apex bank Reserve Bank of India has reduced the timing of debt as well as currency market from April 7 to April 17, 2020. The timing for currency market has been revised from 10 am to 2 pm in light of the lockdown amid the coronavirus outbreak. Currently, the money market trades from 9 am to 5 pm. Similarly, timing for trading in debt market has been revised from 11 am to 2 pm.

CEOs fear job losses, fall in revenue, profit, reveals CII snap poll

A snap poll conducted by apex industry chamber Confederation of Indian Industry (CII) on 200 chief executives across sectors found majority of them fearing their revenues would fall more than 10 per cent and profits dip by over 5 per cent during the first six months of the current year 2020-21. While 80 per cent claimed their inventory was lying idle, 52 per cent are foreseeing job losses in their respective sectors, resulting from the impact of the COVID-19 outbreak and the ensuing 21-day lockdown.

Coronavirus cases doubled in 4.1 days; without Markaz incident, it would have taken 7.4: Govt

The rate of doubling of Covid-19 cases in India is 4.1 days presently but if the cases linked to the Tablighi Jamaat congregation would not have happened, it would have been 7.4 days, the Health Ministry said on Sunday. Joint Secretary in the ministry Lav Agarwal said there had been 472 new Covid-19 cases and 11 deaths since Saturday.

Also Read: Mukesh Ambani, Ritesh Agarwal lit candles to honour India's fight against coronavirus

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