Tuesday, October 15, 2019
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OCTOBER 15, 2019 The International Monetary Fund (IMF) on Tuesday in its World Economic Outlook (WEO) report slashed India’s growth projection for the year 2019 to 6.1 per cent, which is a downgrade of 1. 2 per cent from its April projections. In April, the IMF had said the country will grow at 7.3 per cent in 2019, and barely three...
OCTOBER 14, 2019 Abhijit Banerjee and Esther Duflo, two of the three winners of the 2019 Nobel Prize in Economics at a press conference at the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts on Monday. (REUTERS PHOTO.) India-born Abhijit Banerjee, who was awarded the Nobel for Economics on Monday along with his wife and fellow MIT professor Esther Duflo...
OCTOBER 14, 2019 NEW DELHI - Indian Finance Minister Nirmala Sitharaman's husband Parakala Prabhakar has said that the government is in denial mode about the economic slowdown. In a column for The Hindu, Prabhakar has said that while sector after sector is facing a rather challenging situation, the BJP government is yet to "show signs that it has come to...
OCTOBER 14, 2019 Indian-American Abhijit Banerjee, his wife Esther Duflo and Michael Kremer were awarded the 2019 Nobel Economics Prize on Monday for their approach to alleviate global poverty. Fifty-eight-year-old Banerjee was born in 1961. He studied in Calcutta University’s Presidency College and Jawaharlal Nehru University and then did a PhD from Harvard in 1988. Duflo, 46, is the second woman to...
OCTOBER 13, 2019 Team India completed another rout under the captaincy of Virat Kohli. India defeated South Africa by an innings and 137 runs in the second Test at the Maharashtra Cricket Association Stadium in Pune. With this win, Team India also captured the three-match Test series against the Proteas 2-0. It was an all-round clinical performance by the home team...
OCTOBER 13, 2019 SWEDEN - Melting ice is opening access to new energy resources faster than predicted, prompting a nascent great power struggle in the Arctic as the political and economic map of the world is transformed. That, at least, is one picture that's being sharply drawn at this weekend’s Arctic Circle Assembly in Iceland, a kind of Davos for the...
OCTOBER 13, 2019 WASHINGTON, D.C. - The third branch of government last week offered an assertive restraint on the power of President Donald Trump. And there's likely to be more bad news for Trump from the federal courts system as the US House's impeachment inquiry progresses. Seven separate federal courts dealt major blows to Trump, on everything from his immigration policy...
OCTOBER 12, 2019 In this photo from July 10, 2018, President Trump is joined by Gordon Sondland, the U.S. ambassador to the European Union, second from right, as he arrives at Melsbroek Air Base in Brussels. - Pablo Martinez Monsivais/AP The U.S. ambassador to the European Union, Gordon Sondland, intends to tell Congress this week that the content of a...
OCTOBER 12, 2019 NEW DELHI, INDIA - The Prime Minister’s Office (PMO) and top officials of the finance ministry are working on administrative measures and incentive packages to boost the sluggish economy as the government is “deeply” concerned about the steep fall in key economic parameters besides dwindling revenue collections, three officials aware of the developments have said. The PMO and...
OCTOBER 12, 2019 Brief Scorecard: South Africa 275 (Maharaj 72, du Plessis 64, Philander 44*, Ashwin 4-69), Yadav 3-37) trail India 601 for 5 dec (Kohli 254*, Agarwal 108, Jadeja 91, Rahane 59, Pujara 58, Rabada 3-93) by 326 runs PUNE - Keshav Maharaj and Vernon Philander, the lead spinner and senior seamer of the South African squad, were picked to...