Top headlines: UBS pegs FY21 growth at -0.4%, US death toll crosses 1 mn

Business Standard brings to you a snapshot of events which made it to the headlines today

The global research and brokerage house, UBS, expects India's real GDP to contract to -0.4 per cent in the financial year 2020-21 (FY21). SpiceJet has told its pilots that most of them will not get paid for the months of April and May. There is a rising risk of an imminent downgrade by Moody’s (to Baa3 ‘stable’ from Baa2 ‘negative), bringing it on par with S&P and Fitch, both of which rate India at BBB, says chief India economist at Nomura, Sonal Varma. The US, which became the first country in the world to have more than one million cases