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India’s economic growth picks up before huge COVID-19 wave hit
Gross domestic product grew 1.6% in January-March compared with the same period a year earlier, mainly driven by state spending and manufacturing sector growth, data from the statistics ministry showed on Monday.
Economists said the country faces a slowdown in consumer demand as household incomes and jobs have declined, with limited scope for the government to offer growth stimulus due to its rising debt.
Overall impact of second Covid wave on economy not likely to be large: CEA
Subramanian said it would be “difficult to predict exact growth number that the country may achieve as the path for pandemic still remains uncertain”.
Going forward, fiscal and monetary support will be important for economy, the CEA added.
Chinese millennial couples reluctant to have children due to lack of affordable public healthcare
On the other hand, 61.7 per cent cited high financial pressure, followed by a lack of safe and appropriate nurseries at 54 per cent, higher demand for housing at 41.6 per cent, while 24.3 per cent cited the impact it could have on a woman’s career and employment opportunities.
China-backed projects in Africa face fierce backlash from environmentalists
“There is no doubt that Chinese commercial actors … have tried to evade environmental requirements,” said Yun Sun, director of the China programme at the Stimson Centre in Washington.
Meanwhile, a senior fellow at Duke University’s Nicholas Institute, said Beijing was not unaware of the potential risks involved with private and state-owned firms operating in belt and road countries.
“Reducing these risks requires more uniformly applied standards and practices on environmental and social issues by China’s outbound actors, which is likely to come only via coherent policy requirements from the top down,” he said.
With 1,52,734 new COVID-19 cases, India sees lowest daily rise in 50 days
With this, the total cases have reached 2,80,47,534, and the daily positivity rate stands at 9.07 per cent, which is less than 10 per cent for the seventh consecutive day. Also, the weekly positivity rate dropped to 9.04 per cent.
90 institutional investors sue Nissan over Ghosn’s financial misconduct cases
According to the complaint, the investors who have traded Nissan stocks through financial institutions since June 2011 argue that Nissan stock prices plunged after the company’s then Chairman Ghosn and Greg Kelly, a former Nissan executive, were arrested by Japanese prosecutors in November 2018 for underreporting Ghosn’s remuneration by billions of yen in financial reports over multiple years.
The investors maintain that Nissan could easily have forecast a drop in stock prices due to damaged trust in the company’s accounting and corporate governance if the incident was reported by news media.
Coronavirus stress increased suicidal thoughts among people: Study
“We can use these findings to target which stressors are the most toxic in terms of driving people towards thoughts of suicide. While some of these may ease as we come out of lockdown, others may persist well into the future,” said Professor Nicola Gray, from Swansea University.
“Many of these stressors are difficult to avoid, so we also need to instill hope for the future in our communities to help people get through these difficult times,” added Professor Robert Snowden from Cardiff University.
Indian court orders COVID-related audit of Renault-Nissan factory
Nissan, which owns a majority stake in the plant, denied the workers’ allegations of not adequately sticking to safety protocols, and told an Indian court it followed all guidelines
China, in major policy shift, announces families can have three children
“To further optimise the birth policy, (China) will implement a one-married-couple-can-have-three-children policy,” Xinhua said in a report on the meeting.
In 2016, China scrapped its decades-old one-child policy – initially imposed to halt a population explosion – with a two-child limit, which failed to result in a sustained surge in births as the high cost of raising children in Chinese cities deterred many couples from starting families. read more