Sri Lanka: Thousands protest amid deteriorating economic conditions, fuel shortage
World | November 17, 2021 12:49 ISTThe march came as Sri Lankan Parliament debated the national budget for 2022.
The march came as Sri Lankan Parliament debated the national budget for 2022.
On Air India privatisation, minister Hardeep Puri said given the fact that both the bids were higher than the reserved price, only proved that Air India was a first-rate asset.
India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.
The Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services sectors in spite of a devastating second wave of COVID-19 case.
The bench said that petitioners are at liberty to seek remedy under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act), 2002.
"Business community played a significant role in the economic development of Pakistan and a number of steps have been taken to facilitate them, particularly during Covid," the Prez said.
The new infections, many in people who have already been vaccinated, have jolted global financial markets, which worry Beijing’s response might disrupt manufacturing and supply chains.
However, the 6.5 pc gain was considerably less than the 8.4 pc Dow Jones estimate, Xinhua news agency reported.
"The path of the economy continues to depend on course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain," the Fed said in a statement after concluding a two-day meeting, Xinhua reported.
In India, where exports make up relatively small shares of the economy, high commodity prices have boosted the value of exports. This is one factor that helped reinvigorate India after its first devastating wave of COVID-19.
The country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services.
Camels have also emerged as saviours of schools in remote villages that are not connected by roads or do not have the luxury of internet connectivity.
"Over 1st half of 2021, progress on vaccinations has led to a reopening of the economy and strong economic growth, supported by accommodative monetary and fiscal policy," the Fed said in its semi-annual monetary policy report to Congress on Friday.
Reserve Bank of India (RBI) Governor Shaktikanta Das said that the second wave of pandemic has taken grievous toll on India.
Since mid-April, the industry has been affected by the pandemic-related lockdowns/restrictions on mobility by various states and increased wariness to travel due to fear of infection contagion, ICRA said in statement.
The so-called core personal consumption expenditure price index, the Fed's preferred inflation measure, jumped 3.4 per cent in May from a year ago, the largest 12-month increase since April 1992, Xinhua news agency quoted the Dept as saying on Friday.
Following significant drop in the COVID-19 cases, Telangana government has lifted lockdown restrictions in the state from June 20. Government has decided to re-open all the educational institutes from July 01.
The draft of MPD-2041, which was put in the public domain on Wednesday for suggestions and objections, largely covers the policies of environment, economy, mobility, heritage, culture and public spaces among others.
India's economy, which is facing the heat of the second wave of coronavirus, has been projected to grow at 8.3 per cent in 2021, according to World Bank.
Revenue Secretary Tarun Bajaj on Friday said the economy has not suffered as much this year amid the second wave of COVID-19 as compared to last year when there was complete lockdown.
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