MUMBAI HALTS The road outside Chhatrapati Shivaji Maharaj Terminus during the ongoing lockdown
Within a week, though, faced with a runaway spiral in Covid cases, Maharashtra, Delhi, Gujarat, and Karnataka were forced to do just that, while Punjab, Chhattisgarh, Rajasthan, and Haryana had to impose night and weekend curfews.
Already reeling from the aftereffects of the nationwide lockdown last year, Maharashtra was forced to announce an extension of its calibrated lockdown till May 15. It’s the largest state in terms of GSDP (gross state domestic product) and contributes 14.2 per cent of the national GVA (gross value added). In FY21, the state’s economy contracted 8 per cent in real terms and 5.6 per cent in nominal terms. Soumya Kanti Ghosh, the chief economic advisor at State Bank of India (SBI), estimates in a report that the ongoing lockdown will wipe out over Rs 80,000 crore, or 2.7 per cent of the state’s GSDP. Maharashtra’s fiscal deficit was 3.3 per cent of GSDP in FY21—a 15-year high—and the current lockdown is grim news for its industry and services sectors, both of which witnessed a contraction of over 11 per cent last year.
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MUMBAI SHOWS THE WAY
THE LOCKDOWN BLUES
CALIBRATED LOCKDOWNS, DETERMINED BY THE STATES, MAY HAVE RESTRICTED THE ECONOMIC DAMAGE IN THIS SECOND WAVE, BUT CONSUMER DEMAND FOR ALL BUT ESSENTIALS IS LIKELY TO TAKE A HARD HIT
THE STRAINED FORCES
THE ARMED FORCES STEP UP IN THE WAR AGAINST THE VIRUS, BUT GIVEN THE THREAT OF A HOSTILE BORDER THEY MAY NOT BE ABLE TO SCALE UP FROM PRESENT TASKS
The Fight Isn't Over
WEST BENGAL/POST-POLL VIOLENCE
GETTING INTO THE SPIRIT
With her new supernatural series, The Last Hour, releasing on Amazon Prime Video on May 14, actress Raima Sen suggests there are more things in heaven and Earth than we dream of in our philosophies
A RAINBOW CABINET
Mamata Banerjee ensures broad representation for women, Muslims, SCs/STs and first-timers in her 43-member cabinet while entrusting core ministries to party veterans
SHOTS IN THE DARK
EVEN AFTER A BELATED SCRAMBLE FOR MORE DOSES, INDIA’S VACCINE PROGRAMME FACES A DESPERATE SUPPLY SHORTAGE. FEARFUL IN THE WAKE OF A RAMPAGING SECOND WAVE, EVERYONE NOW WANTS IT, BUT THERE ARE JUST NOT ENOUGH DOSES TO GO AROUND
A NEW DAWN BECKONS
Chief minister M.K. Stalin promises a break from the past, a government for all the people. Can he live up to it?
Covid-19 - When Will The Nightmare End?
Top experts weigh in on india’s best hopes to halt the rampaging second wave of covid-19