Page 19 - Latest Updates on Lockdown
India's market capitalisation to GDP ratio at 115%; highest since 2008
Combined m-cap of all listed firms has doubled since last March to Rs 226.5 trillion
 "India's market capitalisation to GDP ratio at 115%; highest since 2008")
Covid-19 crisis: Maharashtra govt plans graded relaxation in curbs
The government issued a statement to clear the air after television channels reported about lifting of all restrictions in 18 districts
 "Covid-19 crisis: Maharashtra govt plans graded relaxation in curbs")
The farm factor
Agri sector did quite well in a pandemic year
 "The farm factor")
Structural weakness
India needs to overhaul the tax system
 "Structural weakness")
Covid LIVE: Karnataka sees 18,324 new cases in a day; 15,229 in Maharashtra
Coronavirus live updates: India reported 134,154 fresh Covid-19 infections today, taking the caseload tally to 28,441,986. Death toll stands at 337,989. Stay tuned for corona-related news
 "Covid LIVE: Karnataka sees 18,324 new cases in a day; 15,229 in Maharashtra")
The bull ride
Retail exuberance keeps stock markets going
 "The bull ride")
Covid LIVE: Maharashtra sees over 15,000 new cases; 25,317 in Tamil Nadu
Coronavirus live updates: India reported 133,228 fresh Covid-19 infections today, taking the caseload tally to 28,307,832. Death toll stands at 335,102. Stay tuned for corona-related news
 "Covid LIVE: Maharashtra sees over 15,000 new cases; 25,317 in Tamil Nadu")
Now is the time to move forward, re-open economy: Karnataka chief secy
Time has come for Karnataka to move forward and re-open the economy as the State has reached a stage where it can resume industrial operations in a staggered phase, Chief Secretary P Ravi Kumar said
 "Now is the time to move forward, re-open economy: Karnataka chief secy")
Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more
Here are the best of Business Standard's opinion pieces for Wednesday
 "Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more")
At Rs 105.52 a litre, faraway depots make Sri Ganganagar's petrol costliest
High VAT, freight costs push petrol up to Rs 105.52/ litre, diesel Rs 98.32/ litre
 "At Rs 105.52 a litre, faraway depots make Sri Ganganagar's petrol costliest")
Manufacturing PMI slips to 50.8 in May, marking steepest fall in 10 months
Job loss accelerated as Covid-19 'crisis intensifies' in sector, says private survey
 "Manufacturing PMI slips to 50.8 in May, marking steepest fall in 10 months")
Petrol, diesel sales drop 17% in May on slow demand due to Covid lockdowns
India's petrol and diesel sales fell by about 17 per cent in May from a month ago as restrictions clamped to curb the world's worst outbreak of coronavirus infections stifled demand
 "Petrol, diesel sales drop 17% in May on slow demand due to Covid lockdowns")
Almost half of India shows less than 5% positivity, says health ministry
While 344 districts have reported less than 5 per cent positivity for the week ending May 31, there are still 239 districts that are more than 10 per cent positive
 "Almost half of India shows less than 5% positivity, says health ministry")
SBI cuts FY22 GDP growth estimate to 7.9%; recovery to be 'W-shaped'
The economists at the state-run lender seemed to attribute the impact of the second wave of Covid infections as a key factor for the revision in the growth estimate, and pitched for faster vaccination
 "SBI cuts FY22 GDP growth estimate to 7.9%; recovery to be 'W-shaped'")
Prioritising expenditure
Govt must focus on providing relief to the needy at this point
 "Prioritising expenditure")
Jharkhand extends Covid restrictions till June 10 with some relaxations
The Jharkhand government on Tuesday extended the lockdown-like restrictions till June 10 with some relaxations, an official said.
Coronavirus LIVE: Tamil Nadu sees 26,513 new cases in a day; 831 in Mumbai
Coronavirus live updates: India reported 127,510 fresh Covid-19 infections today, taking the caseload tally to 28,175,044. Death toll stands at 331,895. Stay tuned for corona-related news
 "Coronavirus LIVE: Tamil Nadu sees 26,513 new cases in a day; 831 in Mumbai")
Lockdown cannot be extended, no shortage of oxygen or beds: TN CM Stalin
The lockdown cannot be extended indefinitely and it has to be ended soon, but it is in the hands of the people, Chief Minister M K Stalin said
 "Lockdown cannot be extended, no shortage of oxygen or beds: TN CM Stalin")
Coronavirus curfew relaxed in three more districts of Uttar Pradesh
The Uttar Pradesh government on Tuesday relaxed the corona curfew in three more districts, making the relaxation applicable in 64 out of the 75 districts of the state
 "Coronavirus curfew relaxed in three more districts of Uttar Pradesh")
Toyota reports sales of 707 units in May as lockdown, curbs hit dispatches
Toyota Kirloskar Motor reported total sales of 707 units in May amid the prevailing lockdowns and restrictions in several parts of the country due to coronavirus pandemic
 "Toyota reports sales of 707 units in May as lockdown, curbs hit dispatches")
