This means that the infections may have crossed the peak on May 6, when the country had reported 4.14 lakh cases. Daily new cases now average 2.5 lakh, down from 3.3 lakh in the week ended May 16. During the auction on Monday, six states raised Rs 11,500 crore, which was lower than Rs 14,600 crore indicated. Deposits had increased by a staggering Rs 2.8 lakh crore in 2020-21; and in the current financial year, it has already increased by Rs 1 lakh crore till May 7. 10:00 AMIndian shares gain as daily COVID-19 cases hit over one-month lowA good start to the day for stocks as the pandemic recedes.

Source: The Hindu May 25, 2021 05:04 UTC