Sep 02 2017
GDP growth drops to a three-year low with 5.7 per cent in the first quarter.
India's economy grew at a slower than expected 5.7% during the last quarter, its lowest rate for three years. In the earlier quarter, the rate of GDP was 6.1 percent. It fell to 29.8 per cent of the GDP (in 2011-12 prices) from 31 per cent in the same quarter previous year, indicating that companies had not added capacity lines due to muted demand.
Key Indian equity market indices opened flat on Friday after the Central Statistics Office (CSO) data showed that the GDP growth of the Indian economy slumped to 5.7 per cent during April-June. Steel output in July was 9.2 percent on year compared with a 5.8 percent growth a month ago.
Economic growth in the second quarter (July-September) of 2017-18 is expected to soar to 7- 7.5 per cent on the back of good monsoon and clarity over GST, Niti Aayog's new Vice-Chairman Rajiv Kumar said today. "... With GST now being operationalised, this would be bottoming out as far manufacturing is concerned and probably the curve could turn up", the minister told reporters here.
Among the sector's that have seen 7 percent or more GVA are "trade, hotels, transport & communication and services related to broadcasting", "public administration, defence and other services" and "electricity, gas, water supply & other utility services".
Latest growth rate was the lowest since the March quarter of 2014. Jaitley said that most manufacturers were destocking and thier sales continued to increase, leading to an improvement in the services growth.
German challenger Schulz slams Merkel as aloof as campaign heats up
But the 63-year-old has lashed out at critics, admitting she would react "the same way again" if a similar crisis erupted. Merkel is cruising toward re-election in September after overcoming criticism of her handling of the migrant crisis.
Israeli MP Yehuda Glick visits Haram al-Sharif compound in Jerusalem
Netanyahu on Monday night, after meeting Guterres earlier in the day, again spoke of not removing settlements. Peace efforts have been at a standstill since a US-led initiative collapsed in 2014.
Detroit Lions, Matthew Stafford agree to massive $135 million extension
But Stafford , who is still under 30 years old, has recorded some of his best years as a professional in recent seasons. The Lions drafted Stafford first overall in the 2009 Draft to become their franchise quarterback .
Industry sector has primarily dragged the Q1 FY'18 GDP growth to its lowest level in 13 quarters.
India aims to trim the fiscal deficit to 3.2 percent of gross domestic product in 2017-18 compared with 3.5 percent in the previous year.
"Growth numbers indicate a moderation in agriculture and industrial sectors". "The lingering impact of demonetization is visible" in some sectors, she added, referring to last year's cash ban.
Dr. Anant said the slowdown in the economy had begun in the second quarter of past year itself, so one can't link it to the impact of demonetisation.
Capital investment also rebounded from a 2.1 percent contraction in the March quarter. But before that happens, policy actions and investment are both needed to ensure that economic growth picks up, he said. But since then Prime Minister Narendra Modi has rolled out two large economic reforms - the GST, and the snap withdrawal of most of India's high-value banknotes from circulation.
Sep 01 2017
Britons gather at dawn to remember Diana 20 years after her death
People have been flocking to London's Kensington Palace to pay tribute to Princess Diana's 20th death anniversary. In the Instagram post above, you can see Diana and Travolta cutting a rug, with the President in the background.
Sep 01 2017
Colonial Pipeline shuts down Line 1 and 2
The facilities in Lake Charles, Louisiana of Colonial Pipeline are temporarily out of service due to the hurricane. Fuel deliveries will be intermittent and depend on its ability to receive supplies from refineries and terminals.
Aug 31 2017
Erdogan guards face three new indictments over Washington DC brawl
The Turkish Embassy claimed the protesters, who were located across the street from the Embassy, were members of a terror group. USA officials have strongly condemned the attack but Turkey argued that the security guards have diplomatic immunity.
Aug 31 2017
Agrees to Private Interview With Senate Judiciary Committee
In July, the Judiciary Committee called on Trump Jr.to testify about Russia's attempted meddling in the presidential race. The son of the President of the United States will answer questions of representatives of the Senate .
Aug 31 2017
Microsoft Cortana, Amazon Alexa to Work Together
Or if your Echo is in earshot, you'll be able to tell it " Alexa , open Cortana " to talk to Microsoft's assistant instead. The timing might seem weird with Cortana-powered devices like the Harmon Kardon Invoke speaker launching this fall.
Aug 31 2017
Florida suspends two players for Saturday's game vs MI
He did not practice with the team that spring, but returned to classes during the summer and participated fully in fall practice. Backup wide receiver Rick Wells also was suspended , which means Florida now has 10 players suspended for the opener.
Aug 31 2017
O'Keefe replaces Hazlewood in Test squad against B'desh
Shakib's spin partner Taijul Islam chipped in with three wickets to cap a memorable day for the side dubbed the Tigers. The Australians slumped to 123-6 in reply to Bangladesh's 260, still 137 behind with only four wickets in hand.
Aug 30 2017
Murdoch Pulls Fox News from Sky Platform as UK Mulls Takeover Deal
Fox said in a statement the decision was made because the channel has very little viewership and is not a money-maker for Sky. Fox ran afoul of broadcast regulations 22 times in 2016 , including some crucial slip-ups just before the Brexit vote.
Aug 30 2017
Europe migrant crisis: Germany and Egypt agree deal to stem migrant flow
She says "we would like better relations, but that has something to do with the fulfillment of the principles of the rule of law". The arrests have contributed to worsening relations between Berlin and Ankara, which have also been strained by other issues.
Aug 30 2017
Oxlade-Chamberlain Close To Chelsea Transfer
As you may know, Perrie is now dating soccer player - sorry, United Kingdom fans, footballer - Alex Oxlade-Chamberlain. There has been speculation that Liverpool might also make an offer for him , but so far they have not done so.
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