Over the past few weeks, we've seen a number of leaks about the rumoured iPad Air 4, and now a new leak by Macotakara has revealed key details about the product. The information comes courtesy of a 9to5Mac report that cites Macokatara and claims the iPad Air 4 will feature USB-C port for connectivity. The report, however, adds that the iPad mini refresh will stick with the Lightning port for another year.

Macotakara also says the fourth-generation iPad Air might be "developed based on" the 11-inch iPad Pro. While the blog does not explain how, it could be a hint to the next-gen iPad Air featuring smaller bezels with a larger display and USB-C connectivity.

"As iPad Air (3rd generation) was developed based on iPad Pro (10.5-inch), iPad Air (4th generation) may be developed based on iPad Pro 11-inch (1st generation) by downgrading the rear camera features."

We have been cautioning investors about the rising risks of a sovereign downgrade. Moody's has just cut India's rating to Baa3 from Baa2 (while retaining negative outlook), on low growth and rising fiscal risks. We, however, see the current slowdown as cyclical driven by excessive RBI tightening in mid-2018; a real lending rate shock on falling core WPI inflation in 2019, and now, the global Covid-19 shock. The Centre's fiscal deficit (6.3% of GDP FY21 forecast) breaching the long-run average by 180bp is surely justified with growth falling ~900bp below potential. So, can India fall below investment grade? Not really, due to three buffers. RBI's high FX reserves should protect the rupee from any speculative attack. Second, the MoF will likely recapitalise PSBs through non-fiscal levers such as issuing recapitalisation bonds and/or using RBI's $127bn revaluation reserves. Finally, a run of good harvests should cushion the Covid-19 shock.

March 27, 2020: NEET 2020 exam date has been postponed by NTA. New date for the examination will be released after the 21-day lockdown period is over.