Bloomberg India kicks off its fiscal year with revenues under severe strain. A prolonged slowdown in the economy depressed tax collections in the financial year that ended on Tuesday, latest official data show. As India now conducts the world’s biggest lockdown, budget pressures are set to worsen. Finance Minister Nirmala Sitharaman has already outlined a virus relief package of $22.5 …

Bloomberg Factories around the world suffered one of their grimmest months on record in March, as the coronavirus led to mass shutdowns and wreaked havoc on supply chains. Figures from Asia and Europe showed measures of manufacturing activity dropped sharply, with some at their lowest since the financial crisis more than a decade ago. In Italy, an index of output …

Bloomberg Singapore home prices fell the most in more than three years in the first quarter as the coronavirus outbreak slammed the economy. Property values declined 1.2% in the three months ended on March 31, according to a preliminary estimate from the Urban Redevelopment Authority released on Wednesday. That’s the steepest decline since a 1.5% drop in the third quarter …