United Kingdom economy rebounds 15.5% in third quarter
United Kingdom economy rebounds 15.5% in third quarter
India Faces 'Technical Recession' for the First Time in History, 'Nowcasts' RBI
12 November, 2020, 20:27
"India has entered a technical recession in the first half of 2020-21 for the first time in its history", the economists wrote.
The central bank's preliminary estimates show a jump in household financial savings to 21.4 per cent of the gross domestic product (GDP) in the first quarter of 2020-21, up from 7.9 per cent in Q1 and 10 per cent in the fourth quarter of 2019-20.
"India has entered into recession for the first time in history".
But that failed to make up for its almost 20 per cent crash in the second quarter, which included most the period when the country was in the grip of its first coronavirus lockdown. "Mr Modi's actions have turned India's strength into its weakness", he said on Twitter.
The government is expected to publish the official statistics on November 27, Bloomberg reported. If this upturn is sustained, the Indian economy will return to growth in the October-December quarter, earlier than projected by Governor Shaktikanta Das last month, when he pledged to keep monetary policy accommodative.
The NSO estimates for the second quarter, which are expected in November-end, will formally bear out the extent of improvement that occurred in the quarter gone by, the RBI said in a 'State of the Economy' report.
The economy shrank by a record 19.8% in the second quarter after a 2.5% contraction in the prior three months, meeting the technical definition of a recession.
In the RBI bulletin, the authors cautioned "there is a grave risk of generalization of price pressures, unanchoring of inflation expectations feeding into a loss of credibility in policy interventions". They also highlighted risks to global growth from a second wave of coronavirus infections.
As millions lost their jobs, consumers restrained themselves from spending money, choosing to hold onto their cash.
The "yawning gap" between credit extended and deposits mobilised during the April-June period contributed to the spike in household financial savings as the financial instruments relating to banks continue to dominate the household financial assets and liabilities, it said.
The estimated increase in financial savings looks consistent with other macroeconomic statistics, in particular the decline in private final consumption expenditure and the surplus position in the external current account, it said.
COVID-19 is mainly spread through respiratory droplets , which are produced through exhalation, according to the CDC. The CDC has a separate webpage devoted to how to select and properly wear a mask as well as who should wear a mask .
Rawlings initially came to power in Ghana as a flight lieutenant of the Ghana Air Force following a coup d'état in 1979. In 1992, Rawlings resigned from the military and became the first President of Ghana's Fourth Republic.
Barr issued the memo Monday to the surprise of senior officials, including Pilger, the person briefed on the matter said . He told prosecutors that "specious, speculative, fanciful or far-fetched claims" should be ignored.
She is also accused of the attempted murder of five baby boys and five baby girls, all between June 2015 and June 1016. The 30-year-old, from Hereford, appeared via video link at Warrington Magistrates' Court and was remanded in custody.
In the event that a developer refuses to comply, Google removes the app associated with the developer from the Play Store. Here is what the commission will be looking into when it launches investigation into Google's dominance.
But after the WTO decision, the state repealed the tax breaks, making the EU's complaint obsolete in the view of US officials. The Europeans remain reluctant to ramp up trade tensions as the coronavirus pandemic ravages economies around the world.
The smoky videos of Xbox Series X's seemingly about to blow up are just a trick that many have been playing from their homes. We recently spotted a video of an Xbox Series X dramatically emitting smoke from the top vent doing the rounds on Twitter .
On the processing power side, the chip integrates two Arm Cortex-A76 big cores in its octa-core CPU and operates at up to 2.2GHz. Alongside the new Dimensity SoC, MediaTek launched two new chipsets for Chromebooks - the MT8195 and the MT8192.
The FTC's complaint specifically targeted the fact that Zoom said it offered " end-to-end encryption " to its users, but did not. FTC's internal commissions are now debating whether the settlement would change, making Zoom compensate said, users.
The American group and the German laboratory BioNTech have found a vaccine that is "90%" effective against Covid-19. In other words, Pfizer would offer the vaccine to volunteers who might be able to obtain it outside the trial.
It was conducted by the University of Oxford's department of psychiatry and the NIHR Oxford Health Biomedical Research Centre . The data included sixty-two thousand individuals who were confirmed to have contracted the virus .
In an interview in January , Trebek said that he has been rehearsing a message that he will deliver on his final episode. The show will air the remaining 35 episodes as they were shot, "in his honor", according to the show's Instagram .
PUBG MOBILE to return to India as PUBG MOBILE INDIA
A local office with over 100 employees will also be launched to improve communication and services with players. It was rumored that the company is planning to launch a new version of the game specifically for Indian gamers.
Four SoftBank directors to leave board
Vision Fund's $75 billion investment in 83 startups was worth $76.4 billion at the end of September, the company said in a filing. He said Monday the company was "keeping all options at hand" and declined to discuss the possibility of a management buyout.
Trailer of the movie Black Beauty: Disney +
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Beyonce Creating Content for Peloton Workout Classes
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