Name: US Q2 GDP plunged by a record 32.9%, vs expected 34.7%
Uploaded: 2020-07-30T07:06:35.fff+05:30
Duration: T00M35S
Channel: editorji

The US economy on Thursday posted the worst GDP reading on record as the activity in the second quarter, from April to June plunged 32.9%, according to govt data. Wall

US Q2 GDP plunged by a record 32.9%, vs expected 34.7%

The US economy on Thursday posted the worst GDP reading on record as the activity in the second quarter, from April to June plunged 32.9%, according to govt data.
Wall Street economists estimate the US economy contracted at an annualized rate of 34.5%, as lockdowns brought the global economy to a screeching halt.
Sharp contractions in personal consumption, exports, inventories, investment and spending by state and local governments all converged to bring down GDP, say analysts.

The US economy on Thursday posted the worst GDP reading on record as the activity in the second quarter, from April to June plunged 32.9%, according to govt data. Wall Street economists estimate the US economy contracted at an annualized rate of 34.5%, as lockdowns brought the global economy to a screeching halt. Sharp contractions in personal consumption, exports, inventories, investment and spending by state and local governments all converged to bring down GDP, say analysts.

With crippling health infrastructure and the high demand for oxygen cylinders in the country, India's coronavirus situation is getting worse by the hour. 2,95,041 new c

With crippling health infrastructure and the high demand for oxygen cylinders in the country, India's coronavirus situation is getting worse by the hour.&nbsp;
Several states reported a record high in the daily number of new infections on Wednesday. Delhi recorded its highest spike in infections as well as deaths with 28,395 new cases and 277 fresh fatalities due to Covid-19.
Karnataka reported the biggest single-day spike of 23,558 new Covid-19 cases with 116 fatalities, meanwhile, West Bengal reported 10,784 cases with 58 fatalities.
Uttar Pradesh recorded 33,214 fresh cases and 187 fatalities, both the highest daily rise so far, whereas with 14,622 new cases Rajasthan registered a record daily rise for the sixth straight day.
Madhya Pradesh recorded 13,107 new Covid-19 cases, its highest one-day rise since the pandemic began.
Uttarakhand&nbsp;too recorded its highest single-day surge with 4,807 cases. The union territory of Jammu&nbsp;and Kashmir also set the grim Covid&nbsp;record with&nbsp;2,204 cases.
Maharashtra recorded 67,468 new cases with 568 fatalities, the highest ever single-day spike in the death count.

The Delhi high court on Wednesday lashed out at the Centre for depleting supply of oxygen at many private hospitals in the national capital. The court was hearing a pet

The Delhi high court on Wednesday lashed out at the Centre for depleting supply of oxygen at many private hospitals in the national capital. The court was hearing a petition filed by Max Healthcare, which runs many hospitals in Delhi. Max Hospitals in its petition in Delhi HC stated that its hospital at Patparganj, has currently only 3 hrs of supply of oxygen&amp; if oxygen runs out the life of 400 patients incl 262 Covid patients is under threat.&nbsp; The judges sought to know that why the Centre isn't diverting oxygen from petroleum and steel industries to give to Covid-19 patients who are in dire need of it.&nbsp; The bench of justices Vipin Sanghi and Rekha Palli said "we are surprised that despite Tuesday's order Centre hasn't done anything."

Amid a depleting Oxygen supply, the Centre has roped in the Indian Air Force to airlift oxygen cylinders and essential medicines. Reports said that IAF has airlifted d

Amid a depleting Oxygen supply, the Centre has roped in the Indian Air Force to airlift oxygen cylinders and essential medicines.
Reports said that IAF has airlifted doctors and nursing staff from Kochi, Mumbai, Vizag and Bengaluru for setting up of a Defence Research and Development Organisation Covid hospital at Delhi.
The force has also airlifted oxygen containers of DRDO from Bengaluru for Covid centres at Delhi.
On Tuesday, Defence Minister Rajnath Singh directed all the defence establishments to setting up of more Covid-19 hospitals, use emergency powers and to bring in retired personnel to tackle the crisis.

West Bengal Chief Minister Mamata Banerjee Wednesday ruled out the possibility of lockdown in the state in the wake of the second wave of Covid-19. Addressing a press c

West Bengal Chief Minister Mamata Banerjee Wednesday ruled out the possibility of lockdown in the state in the wake of the second wave of Covid-19. Addressing a press conference she said that the state govt&nbsp;is not in favour of a&nbsp;lockdown&nbsp;but they&nbsp;want everyone to adhere to COVID-19 norms such as wearing masks, maintaining social distancing norms and using sanitisers.&nbsp;Lockdown is not a solution as it takes a heavy toll on people, jobs, economy, she said.&nbsp;
The chief minister also added that vaccination for all above 18 will start from May 5 as the election process in the state ends on May 2.&nbsp;
West Bengal reported 9,819 new Covid-19 cases on Tuesday and has 58,386 active cases.&nbsp;

Goa govt has announced a night curfew in the state effective from Wednesday in the wake of rising COVID-19 cases. The curfew, from 10 pm to 6 am, will be in effect

Goa&nbsp;govt has announced a night curfew in the state effective from Wednesday in the wake of rising COVID-19 cases. The curfew, from 10 pm to 6 am, will be in effect&nbsp;till April 30.&nbsp;
Petrol pumps, pharmacies and other essential services will remain open during the curfew hours and only commercial vehicles transporting essential goods will be allowed to ply.
Casinos, bars, restaurants, river cruises, water parks, entertainment parks, cinema theatres, gyms and parlours in Goa will operate only at 50% capacity.
The government also postponed the 10th and 12th standard examinations of the state board.&nbsp;

Amid surging coronavirus cases across the country, Chief Economic Adviser K V Subramanian has said the peak for the second wave of the pandemic might be reached by the

Amid surging coronavirus cases across the country, Chief Economic Adviser K V Subramanian has said the peak for the second wave of the pandemic might be reached by the middle of the next month.&nbsp; He said his assessment on the peak is based on research done by various bodies, including the Indian Council of Medical Research.&nbsp; Based on some very nice mathematical modelling of the pandemic by IIT Kanpur and based on some of the research put out by ICMR, it's likely that India's second wave peak might be around mid-May," he told the&nbsp;PTI.&nbsp;

Delhi Deputy Chief Minister Manish Sisodia Wednesday said urged the Centre to increase the capital city's quota of oxygen supply as nearly 18,000 patients are currently

Delhi Deputy Chief Minister Manish Sisodia Wednesday said urged the Centre to increase the capital city's quota of oxygen supply as nearly 18,000 patients are currently admitted to hospitals.
"I've visited many hospitals, people from UP, Haryana etc are also getting treatment here," ANI quoted him as saying.&nbsp;
Sisodia also said he received a report that a local administration officer in Faridabad, Haryana stopped a truck transporting oxygen, which delayed the supply. This was in response to Haryana minister Anil Vij's remark where he had accused the Delhi government of 'stealing' oxygen from a tanker in Faridabad.
"Yesterday also, we faced a similar transportation issue, we had to call a senior Cabinet minister, only after he helped that Oxygen transport to Delhi was started," Sisodia added.

The Congress on Wednesday slammed the Centre over the differential pricing for Covid vaccines, saying it was discriminatory and will benefit only a "few big industriali

The Congress on Wednesday slammed the Centre over the differential pricing for Covid vaccines, saying it was discriminatory and will benefit only a "few big industrialists" while common people will suffer.
Congress leader Rahul Gandhi took to Twitter and compared the new vaccine policy to demonetisation. He said the common people will stand in queues, will suffer loss of wealth, health and life and in the end only a few big industrialists will benefit.&nbsp;
"Disaster of the country, opportunity for friends of Modi," he said in a tweet using the hashtag "#VaccineDiscrimination".
&nbsp;

On the brink of a collapse, Delhi's health infrastructure is facing a severe hit as top hospitals continue to report depleting oxygen supply. India's top private hospit

On the brink of a collapse, Delhi's health infrastructure is facing a severe hit as top hospitals continue to report depleting oxygen supply. India's top private hospital in the national capital, Sir Ganga Ram is the latest in the queue with 58 patients awaiting treatment and 35 waiting outside the hospital for admission.
News wire ANI reported that only 5 hours of oxygen are left at Sir Ganga Ram Hospital and among the 58 Covid-19 patients admitted 10 in the intensive care unit
Television channels showed images of people with empty oxygen cylinders crowding refilling facilities as they scrambled to save stricken relatives in hospital.
&nbsp;

The government has shared data of the number of people who tested positive for novel coronavirus after receiving the second dose of Covid-19 vaccines. As per the

The government has shared data of the number of people who tested positive for novel coronavirus after receiving the second dose of&nbsp;Covid-19 vaccines.
 As per the data given by the health ministry, more than 21,000 tested positive after first dose of either Covishield or Covaxin, while over 5,500 tested positive after second dose.
The ministry said about 0.04% of people tested positive after second dose of Covaxin and 0.03% after second dose of Covishield.
 The ministry released a slew of comparative data, showing that the severity, virulence and demography of the victims in the ongoing second wave of Covid-19 are about the same as the first wave.
Union Health Secretary Rajesh Bhushan said 146 districts reported Covid-19 positivity rate of more than 15 per cent, while 274 districts reported case positivity between 5 and 15 per cent.
&nbsp;

Attacking the Centre over the rise in Covid-19 cases and the struggling healthcare infrastructure, West Bengal Chief Minister Mamata Banerjee blamed the Prime Minister

Attacking the Centre over the rise in Covid-19 cases and the struggling healthcare infrastructure, West Bengal Chief Minister Mamata Banerjee&nbsp;has called the crisis a Modi-made disaster. Mamata demanded that PM Narendra&nbsp;Modi has to take responsibility of low availability of medicines or should quit if he is unable to provide adequate medical infrastructure to fight the virus.
The Trinamool Congress Chief alleged that 65% of the medicines produced in the country had been exported and surge in Covid-19 cases was due to the monumental failure of the Centre.

India's second wave of coronavirus is more virulent than the first wave as the country is witnessing twice the number of maximum active Covid-19 cases seen last year.&n

India's second wave of coronavirus is more virulent than the first wave as the country is witnessing twice the number of maximum active Covid-19 cases seen last year.&nbsp; &nbsp;Union health secretary Rajesh Bhushan said in a press conference said on Wednesday that there are 21,57,000 active cases in India currently which is twice the number of maximum active 19 Covid-19 cases last year.

A 51-year-old Mumbai based doctor died due to the coronavirus late on Monday night merely hours afters posting a parting message on her Facebook account. On Sunday, Ma

A 51-year-old Mumbai-based doctor died due to the coronavirus late on Monday night, hours after posting a parting message on her Facebook account.
On Sunday, Dr&nbsp;Manisha Jadhav in a Facebook&nbsp;photo message said, 'Maybe last Good Morning. I may not meet you here on this platform. Take care all. Body dies. Soul doesn't. Soul is immortal.'
Dr Manisha Jadhav was the Chief Medical Officer at the Sewri TB Hospital in Mumbai.&nbsp;

The district administration in Uttar Pradesh's Ghaziabad on Tuesday said around 77,000 migrant workers were sent home in over 1,537 buses. The officials said

The district administration in Uttar&nbsp;Pradesh's&nbsp;Ghaziabad on Tuesday said around 77,000 migrant workers were sent home in over 1,537 buses.The officials said though the workers had started returning home after a rise in coronavirus cases, their number swelled after the Delhi government imposed a week-long lockdown on Monday.Officials&nbsp;said the buses were operated from the ISBT, Anand Vihar, Kashmiri Gate, and the Kaushambi bus stand.
&nbsp;

Around 200 million Chinese, or 14.29 per cent of the population, have been vaccinated for COVID-19 so far. China is ramping up vaccination efforts after a slow start,

Around 200 million Chinese, or 14.29 per cent of the population, have been vaccinated for COVID-19 so far.
China is ramping up vaccination efforts after a slow start, prompted in part by the virtual elimination of domestic transmission.
Chinese health officials on Wednesday said the emphasis of the vaccination drive is on front-line workers, university students and people living in border areas.
Just two local cases were reported on Wednesday, both in the city of Ruili, which borders on Myanmar.
China has approved five domestically produced vaccines and exported millions of doses. The Chinese vaccines have an efficacy range of 50.7 per cent to 79.3 per cent, based on company data, lower than their foreign peers but still effective.

The Delhi Police on Wednesday arranged 11 oxygen cylinders for a private hospital in the national capital’s Janakpuri area where 32 COVID-19 patients are admitted

The Delhi Police on Wednesday arranged 11 oxygen cylinders for a private hospital in the national capital&rsquo;s Janakpuri area where 32 COVID-19 patients are admitted, officials said. A senior police officer said a distress call was received from Amarleela Hospital around 9 in the morning saying oxygen stock at the facility was nearly exhausted. The police said they are in constant touch with the hospital and oxygen suppliers to meet any emergency. In addition to this, Police officials from Alipur Police in the Outer North District of Delhi facilitated the movement of oxygen tanker from Singhu Border, which was stuck at Kundli Border. The tanker was scheduled to arrive at Jaipur Golden Hospital in Rohini.

Former India captain MS Dhoni's parents have tested positive for Covid-19 in Ranchi and have been admitted to a hospital. According to reports, Dhoni's p

Former India captain MS Dhoni's&nbsp;parents have tested positive for Covid-19 in Ranchi&nbsp;and have been admitted to a hospital. According to reports, Dhoni's&nbsp;parents have settled and stable oxygen levels but were admitted to the hospital as per the doctor's advice. Dhoni's&nbsp;currently representing Chennai Super Kings in IPL&nbsp;2021 as they play their games in Mumbai. All 8 IPL teams are in strict bio-bubble environments as the Covid-19 cases are surging in India with almost 3 lakh&nbsp;cases coming in the last 24 hours.&nbsp;

Indian Covid vaccine, Covaxin, has been found to effectively neutralise the double mutant strain and other variants of Covid-19, Indian Council of Medical Research (ICM

Indian Covid vaccine, Covaxin, has been found to effectively neutralise the double mutant strain and other variants of Covid-19, Indian Council of Medical Research (ICMR) has said. Covaxin is made by Bharat Biotech. The top medical body said that it is a good news which will reduce anxiety among people in the second wave. ICMR scientists have said that their research has demonstrated the neutralization potential of Covaxin against the UK variant and Brazil variant. The data for the South African variant is being generated. Double mutant strain B.1.617 is currently prevalent in certain regions of India. Meanwhile,&nbsp;Bharat Biotech&nbsp;has said&nbsp;Covaxin has shown 78 pc efficacy against mild to severe COVID-19.

Nashik Oxygen Leak: Panic gripped people at a hospital in Nashik after an oxygen tanker leakage was reported.

At least 24 patients died on Wednesday due to interrupted supply of oxygen at a civic hospital for <a href="https://www.editorji.com/covid-19" target="_blank">Covid-19</a> patients in&nbsp;Maharashtra's&nbsp;Nashik,&nbsp;Mayor Satish Kulkarni&nbsp;said.&nbsp;
The deaths took place following the leakage from an oxygen storage plant at the Zakir Hussain municipal hospital.
The patients were on ventilators as well as on oxygen supply, which got interrupted after the leakage in the oxygen supply tank.
The mayor has given a clean chit to municipal corporatation&nbsp;and said that a high-level committee has set up to probe the matter.
Maharashtra&nbsp;govt has also launched a probe into the incident.&nbsp;
Also Read | <a href="https://www.editorji.com/story/oxygen-cylinders-looted-in-mp-s-damoh-hospital-as-demand-rises-amid-alarming-covid-surge-1618994643300" target="_blank">Oxygen cylinders looted in MP's Damoh hospital as demand rises amid alarming Covid surge</a>

Political Fight over medical Oxygen took an ugly turn on Wednesday as Haryana government accused the Delhi government of looting its Oxygen tanker. Haryana health minis

Political Fight over medical Oxygen took an ugly turn on Wednesday as Haryana government accused the Delhi government of looting its Oxygen tanker. Haryana health minister Anil Vij has said that his state will give Oxygen to others only after taking care of its own needs. He alleged that an Oxygen tanker on its way to Faridabad was looted by the Delhi officials on Tuesday. Vij further stated that he has ordered police protection for all Oxygen tankers now.
Delhi govt had raised an alarm over Oxygen shortage at several of the Capital's top hospitals on Tuesday. The Oxygen was made available late on Tuesday night.

The US GDP&nbsp;sank a record 32.9% in Q2 as coronavirus-induced lockdowns ravaged the economy

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