COVID-19 lockdowns to cost India $74 billion in Apr-Jun: Barclays : Bulletin: Business Today
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COVID-19 lockdowns to cost India $74 billion in Apr-Jun: Barclays

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Rashi Bisaria | May 26, 2021

COVID-19 lockdowns to cost India $74 billion in Apr-Jun: Barclays

The economic costs of the second wave of COVID-19 pandemic in India and lockdowns to curb spread of infection are rising rapidly, and may cost India $74 billion (about Rs 5.4 lakh crore) during April-June quarter, according to Barclays. While the economy is "reasonably stable", it experienced a sharp decline in activity in May.

WhatsApp sues Indian govt, says new media rules mean end to privacy

WhatsApp has filed a legal complaint in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts say would compel the California-based Facebook  unit to break privacy protections, sources said. The lawsuit, described to Reuters by people familiar with it, asks the Delhi High Court to declare that one of the new rules is a violation of privacy rights in India's constitution

Moderna plans India launch next year for single-dose COVID vaccine

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Cyclone Yaas intensifies into very severe cyclonic storm, red alert in Odisha, Bengal

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COVID-19: Delhi reports lowest daily deaths since April 16, positivity rate at nearly 2-month low

Delhi recorded 156 Covid fatalities on Tuesday, the lowest since April 16, while 1,568 new cases were reported as the positive rate dipped to nearly two-month low of 2.14 per cent, according to the daily health bulletin.

This is the third day in a row that the daily cases in the national capital have remained below 2,000.

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