International Monetary Fund Chief Economist Gita Gopinath tells Indivjal Dhasmana high-frequency indicators for the third quarter of 2021 indicate momentum in economic recovery in India.
IMF's Chief Economist Gita Gopinath on Thursday said it would be damaging for India to start tightening policy support in the midst of the COVID-19 pandemic and also stressed on reducing wasteful expenditures in the upcoming Budget. Delivering NCAER's '9th C D Deshmukh Lecture' virtually, Gopinath said there is scope for the Indian government to provide more direct support to people.
In one of the worst instances of public protest in the United Kingdom in recent years, an irate mob went on a rampage in north London, setting vehicles on fire and indulging in looting to protest against the killing of a 29-year-old local man in police firing.
Ahead of India's annual budget presentation next week, IMF's chief economist Gita Gopinath has favoured the extension of the pandemic support measures, thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies. The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI on Tuesday. "And you want to revisit it and see how effectively that is working and see whether additional support may need to be provided," she said while responding to a question on her recommendations to Finance Minister Nirmala Sitharaman, ahead of her presentation of the annual Union Budget on February 1. It would be a good time for banks and Non-Banking Financial Companies (NBFCs) to raise capital given the attractiveness of financing conditions at this point, she said.
British sprinter Dina Asher-Smith, a triple European gold medallist, would like to raise the profile of female athletes and believes the best way of doing that is to have more women telling the story.
Unstoppable so far, star Indian boxer Vijender Singh will now gun for his maiden title in the professional circuit when he fights for the WBO Asia belt come June in front of home fans in the national capital. The middleweight boxer, who earned worldwide fame by becoming India's first Olympic and World Championships medallist at the amateur level, has exhibited rampaging form even in the pro arena. Since his debut in the circuit last October, the 30-year-old from Haryana has won all his three pro contests via knockouts. His next bout is scheduled for March 12 in Liverpool, the opponent for which is yet to be named. "I am already excited. My first title fight, that too in front of my own people, in my own country. It cannot get better than this. I have no idea who my opponent is going to be but I am sure I will carry on the way I have so far," Vijender told PTI from Manchester where he is currently training for the March 12 showpiece.
Argentina became the first ever side to come from three goals down to avoid defeat in a women's World Cup match.
An injury time own goal from England defender Laura Bassett put Japan into the World Cup final with a 2-1 victory, setting up a title rematch with the United States.
As Americans welcomed Donald Trump as their 45th President, police arrested nearly 100 protesters involved in "vandalism," blocks away from the venue for his inauguration celebrations, marred by sporadic violence and clashes between masked protesters and police.
Here's a glimpse of all that happened around the world last week, in 10 images.
It is almost puzzling to see more old men and women hang around long enough for people to begin wondering 'why not retire?'
Without the handsome receipts from the sale of government equity in PSUs and sharp increases in excise revenues from oil, Mr Jaitley's fiscal consolidation drive would have become even more arduous, says A K Bhattacharya.
The White House has slammed those calling for identifying threat coming from terror groups as "radical Islam" arguing that such a move would advance dreaded outfit Islamic State's narratives.
Hegerberg hat-trick fires Lyon to fourth straight Champions League
"We must also look beyond this terrible moment and decide what we as a nation are willing to do to prevent hatred, gun violence and domestic terrorism," said Congressman Ann Kirkpatrick from Arizona.
News of all that's transpired on and off the football field
'For its part, Pakistan often gives safe haven to agents of chaos, violence, and terror.'
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