The sharpest contraction was in the construction sector (-50.3 per cent), followed by trade, hotels, transport, storage and communication (-47 per cent) and manufacturing (-39.3 per cent).
The petition was filed on Friday asked to initiate disciplinary proceedings against Mumbai Police Commissioner Param Bir Singh for "gross dereliction of duty and abuse of power."
The high court passed the order on a petition which alleged that the Tamil Nadu forest staff recently chased an injured elephant into Kerala forests.
Republic TV denied the allegations and said it will file the defamation case against the Mumbai Police soon.
Indian banks face a tough operating environment as stressed loans and write-offs increase on account of the fall-out of the pandemic, said Fitch Rating on Tuesday.
The agency cited that a new gas pricing framework could benefit the upstream companies while the other sectors may face a low-to-medium negative impact.
The protocols are expected to be out on Friday or Saturday. However, reopening of pools will be decided by the states.
Collective fiscal deficit of 18 states at 40.7 per cent in Q1, revenue deficit soars to 285 per cent: India Ratings
The collective fiscal deficit of the 18 states stood at 40.7 per cent of BE in Q1 as against 13.4 per cent a year ago.
With airline carriers re-starting operations from June, air transport activity too is normalising with plant load factor at around 65 per cent for flights though substantial fleet remains grounded.
In the worst case, the spike in stressed assets due to the pandemic is expected to double the credit costs for the banking system than estimated pre-COVID-19 levels for FY21, it said.
The bill that was passed in Lok Sabha on March 17 also entails to increase the fine for violations from Rs 10 lakh to Rs 1 crore.
According to Care’s chief economist Madan Sabnavis, the forecast was lowered under the assumption of there being no fiscal stimulus from the government.
'The transaction is credit positive as it will enable RIL to continue to pursue other growth opportunities while maintaining zero net debt,' Moody's said in a note.
On Tuesday agencies including Goldman Sachs, Fitch Ratings and India Ratings downgraded their growth estimates, now expecting GDP to contract in the double-digits.
Fitch now expects the global GDP to fall by 4.4 per cent in 2020, less than 4.6 per cent contraction it projected in June.