World Bank cuts India's growth forecast for FY22 to 8.3%
Darpan News Desk IANS, 08 Jun, 2021 04:20 PM
New Delhi, June 8 (IANS) The World Bank has lowered the growth projection for India for the financial year 2021-22 to 8.3 per cent. Its previous growth estimate for the fiscal was 10.1 per cent.
"In South Asia, India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," said the World Bank's global outlook released on Tuesday.
The global economy, on the other hand is set to expand 5.6 per cent in 2021, its strongest post-recession pace in 80 years.
"This recovery is uneven and largely reflects sharp rebounds in some major economies -most notably the United States, owing to substantial fiscal support, amid highly unequal vaccine access," it said.
In many emerging market and developing economies (EMDEs), elevated Covid-19 caseloads, obstacles to vaccination, and a partial withdrawal of macroeconomic support are offsetting some of the benefits of strengthening external demand and elevated commodity prices, the report noted.
Globally, it also noted that following a 3.5 per cent contraction caused by the Covid-19 pandemic in 2020, economic activity has gained significant momentum. However, it remains well below pre-pandemic projections.
Moreover, the recovery is uneven, passing over many poorer countries, and there is considerable uncertainty about its durability, it added.
In the video, shot in 2018 at Aligarh Muslim University, Professor Nayeem can be heard speaking about the history of Jammu and Kashmir's accession to India and the nature of the special status granted to the region.
The step was taken after Mika's performance at an event in Pakistan amid spiralling diplomatic uncertainty between the neighbours after New Delhi abrogated Article 370 that gave special status to Jammu and Kashmir.
Though living in 'forced exile' within their own state for over three decades now, the longing to return to their homeland in the turmoil-hit Kashmir Valley has not waned among a majority of the Kashmiri Pandits in this Hindu-dominated town.
Now with the scrapping of Article 370 and 35A, which prevented them to settle permanently and own property, will automatically become the residents of this state.
An account of a fortnight-old encounter that brought two siblings face-to-face during an anti-Maoist operation has come to light now. The cop brother and his Maoist sister exchanged fire before the latter escaped into the forests of the Maoist affected Sukma region in Chhatisgarh.
Punjab Chief Minister Amarinder Singh will lead a delegation of the Ravidas community to meet the Prime Minister for the resolution of the crisis triggered by the demolition of their historic temple in Delhi's Tughlakabad area.
