That's a wrap from CNBC-TV18.com with the updates on the coronavirus pandemic for tonight. We will bring to you all the developments on the COVID-19 outbreak in India and around the world in our live blog tomorrow. Until then, stay indoors, stay safe and have a good night.

Coronavirus impact on economies LIVE Updates: IMF says global recession imminent in 2020, could be worse than 2008

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said at a conference call of G20 nations on March 23 that the world would face a recession that could be as bad as the 2008 economic meltdown, or even worse.

Addressing ministers and Central Bank governors, Georgieva said, “The human costs of the Coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage. This is a moment for solidarity—which was a major theme of the meeting today of the G20 Finance Ministers and Central Bank Governors.”

Coronavirus in India LIVE updates: Government shuts all immigration check posts around the world

Coronavirus in India LIVE updates: Overall, 30 states and UTs have announced a complete lockdown in 548 districts. Three states have implemented a partial lockdown. Sixteen districts in UP will be under lockdown, 37 in Madhya Pradesh and five districts plus six municipal jurisdictions in Odisha.

Sikkim and Mizoram are the only two states that have not imposed any lockdown so far.

Rajasthan CM Ashok Gehlot has decided to ban all private vehicles from hitting the roads. He said that only vehicles carrying essential goods and services and those in exempted services would be allowed from tomorrow, reported ANI.

Gujarat DGP Shivanand Jha has said that the entire state will be under lockdown from the midnight of March 23-24 to March 31. State borders have also been sealed and those who violate the lockdown will face strict actions, he said, as reported by ANI. 

Delhi Police Commissioner SN Shrivastava has issued prohibitory orders restricting movement in Delhi under section 144. All borders will be sealed with immediate effect. The essential goods and services will be permitted without any hindrance.

Even as we update this blog, the numbers of people infected with the deadly coronavirus continue to increase in the country. According to Worldometers.com, that provides real-time data on the virus, the total cases in India currently stand at 467 while eight have already been killed by Covid-19. 24 people have recovered from the virus while there are 435 active cases in the country.

Coronavirus in India LIVE updates: As of 6.30pm on March 23, confirmed COVID-19 cases in India had reached 440. Out of which 407 are active, while 24 people have recovered, one has migrated and eight deaths have been reported.

U.S. stocks futures pared losses on Monday after the Federal Reserve launched unprecedented measures to support U.S. households and companies, seeking to blunt the economic damage from the coronavrius pandemic. At 8:03 a.m. ET, Dow e-minis were down 233 points, or 1.22 per cent. S&P 500 e-minis were down 27.5 points, or 1.2 per cent and Nasdaq 100 e-minis were down 53.5 points, or 0.77 per cent.

The Reserve Bank of India may soon allow corporate bonds as collateral for repurchase operations in an attempt to cool the recent sharp uptick in corporate bond yields in the wake of the coronavirus outbreak, two sources told Reuters.

"We have to work it out. Under the RBI Act, we are not allowed to take any other collateral other than government securities. But we are not looking upon that as an impediment," a senior official said.

In a virtual lockdown for the state, Maharashtra will close its borders and limit public gathering of individuals to five, CM Uddhav Thackeray today said.

The Centre on Monday suspended all domestic flights from Tuesday midnight in the wake of rising cases of the novel coronavirus or Covid-19 across India. The operations of domestic schedule commercial airlines shall cease operations with effective from the mid night that is 23.59 hours IST on 24/3/2020.

Here are the main highlights from the Union Health Ministry's press briefing in Delhi today:

-A complete lockdown has been announced in 19 states and union territories. Some parts of 6 states and union territories have been kept under lockdown, says Lav Agarwal, Joint Secretary, Health Ministry.

-415 confirmed cases reported so far, 23 patients discharged, 7 deaths reported - some of them also had co-morbid conditions: Lav Agarwal, Joint Secretary, Health Ministry.

-2 laboratory chains have been registered and they have started functioning. These 12 have 15,000 collection centres across the country: ICMR Director-General Balram Bhargava.

-ICMR Director-General: Hydroxychloroquine is recommended only for a healthcare worker who is treating a #COVID patient. Secondly, it's recommended only for persons staying&caring for a household positive patient. They can take that only for prophylaxis,only for prevention.

Indian Railways has allowed stranded passengers to stay in retiring rooms at railway stations for as long as needed. On March 22, Railways announced suspension of all passenger train services, including suburban services, across the country until March 31 to prevent the spread of coronavirus.

Indians breathed easier on Monday as lockdowns ordered to combat the spread of the coronavirus in India's megacities kept cars off the road and closed factories, improving air quality and letting people see blue skies instead of heavy grey smog.

The DCGA has asked airlines to ensure a minimum distance of one-meter between passengers at check-in counters, waiting area, and boarding lines.

Ahluwalia said that the biggest priority should be to deal with the health side of the crisis. However, on the fiscal side, he said, "We should not be worried too much about what that (increased expenditure) might do to the fiscal deficit because quite honestly the fiscal deficit is going to be seriously de-stabilised because of the expected collapse in growth all over the world which will also happen in India. So, revenues are going to be low anyway.”

The total number of Covid-19 patients in Maharashtra rose to 89 with 15 more coronavirus positive cases reported in the last 24 hours, officials said on Monday. Of the new cases, 14 are in Mumbai and one in Pune, they said. Covid-19 has so far claimed two lives in Maharashtra.

West Bengal Chief Minister Mamata Banerjee on Monday wrote to Prime Minister Narendra Modi requesting him to issue necessary instructions to stop all flights coming to the state as a precautionary measure to contain the spread of novel coronavirus. In a letter to the prime minister, Banerjee noted that her government had suspended all inter-state public transport and reduced the number of intra-state buses due to Coronavirus threat.