The Reserve Bank of India (RBI) today slashed key repo rate by 75 basis points (bps) to 4.4 per cent to bolster economy in the wake of covid-19 menace. Stating that large part of major global economies are likely to be heading toward recession, the governor said that economic recovery in 2020 would be shallow. Meanwhile, Delhi chief minister Arvind Kejriwal prepared a roadmap for potential ‘Stage 3’ outbreak.
Coronavirus LIVE updates: Covid-19 continues to extend its footprint in India with Tamil Nadu recording six new cases. 5 more people tested positive in Maharashtra and 2 in Bihar on Friday. The total number of covid-19 cases in the country have risen to 724, with 17 dead. Globally, the virus has infected 537,340 and 24,136 people have died so far, while in India 724 cases have emerged with the death toll rising to 17.
Coronavirus world update: The US on Friday surpassed China in the number of confirmed Covid-19 cases. With 85,612 positive tests, now it has more infected patients than any other country in the world. But Covid-19-related fatalities in the US (1,301) so far have been way fewer than in China (3,292), Italy (8,215) and Spain (4,365).