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Thursday
February 2020
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News Headlines
Ishant is hitting good areas, Prithvi should follow instincts: Kohli hints on playing XI        PCB chief hints at Pakistan giving up Asia Cup hosting rights        First 5G handset in India likely to be priced at Rs 50,000        Coronavirus outbreak to hit global growth; to have limited impact on India: RBI Guv        Death toll from China virus surges past 2,000        Necessary to prevent statelessness when nationality laws are changed: UN chief        Maha CM visits Shivneri Fort on Shivaji''s birth anniversary        Can transport minister come to explain govt proposal for introducing EVs, asks SC        SC upheld right to protest but other citizens also have rights: Interlocutors at Shaheen Bagh        Won't rule out playing 2023 World Cup, says Taylor        Sachin Tendulkar wins Laureus Sporting Moment Award for 2011 WC triumph        Messi, Hamilton share Laureus World Sportsman of Year honour; Biles gets third award        Kerala tourism eyes robust growth in domestic tourist footfalls in 2020        RBI Governor says no reason to doubt govt will meet fiscal deficit targets        UK budget on March 11 as planned: new finance minister        Wuhan hospital director dies of coronavirus        Opening of Kartarpur Corridor practical proof of Pakistan's desire for peace, says UN chief        People of Delhi taught a lesson to BJP which it will remember for long time: Gehlot        Delhi court sends Sharjeel to judicial custody till Mar 3 in New Friends Colony anti-CAA violence case        Prashant Kishor questions Nitish Kumar's development in Bihar        
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International News
IMF lowers 2019 India growth to 4.8 per cent
 
Davos: The International Monetary Fund on Monday lowered its estimate on India''s 2019 economic growth to 4.8 per cent from the 6.1 per cent expansion it projected in October, citing a sharper-than-expected slowdown in local demand, stress in the non-bank financial sector and fall in credit growth. The IMF''s World Economic Outlook (WEO) Update revised India''s 2020 growth forecast to 5.8 per cent, down 0.9 percentage point from the previous estimate. For 2021, the estimate is 6.5 per cent. "The growth markdown largely reflects a downward revision to India''s projection, where domestic demand has slowed more sharply than expected amid stress in the nonbank financial sector and a decline in credit growth," said the IMF.

It said growth is estimated at 4.8 percent in 2019, projected to improve to 5.8 per cent in 2020 and 6.5 per cent in 2021 (1.2 and 0.9 percentage point lower than in the October WEO), supported by monetary and fiscal stimulus as well as subdued oil prices. The IMF also blamed India''s economic slowdown for the 0.1 percentage point cut in the global economic growth projections for last year to 2.9 per cent and to 3.3 per cent for the current year from those made in October. It also cut the global economic projections for 2021 by 0.2 per cent to 3.4 per cent. "The growth markdown largely reflects a downward revision to India''s projection, where domestic demand has slowed more sharply than expected amid stress in the nonbank financial sector and a decline in credit growth," said the IMF.

The reassessment of growth prospects over the next two years has been due to what the Fund said "negative surprises" to economic activity in a few emerging market economies, notably India. "In the third quarter of 2019, growth across emerging market economies (including India, Mexico, and South Africa) was weaker than expected at the time of the October WEO, largely due to country-specific shocks weighing on domestic demand," said the IMF in the Update released ahead of the World Economic Forum meeting here on Tuesday. Trade policy uncertainty, geopolitical tensions, and idiosyncratic stress in key emerging market economies continued to weigh on global economic activity-especially manufacturing and trade-in the second half of 2019.

Intensifying social unrest in several countries posed new challenges, as did weather-related disasters-from hurricanes in the Caribbean, to drought and bushfires in Australia, floods in eastern Africa, and drought in southern Africa. Despite these headwinds, the multilateral lender said, some indications emerged toward the year-end that global growth may be bottoming out. Moreover, monetary policy easing continued into the second half of 2019 in several economies. Adding to the substantial support the easing provided earlier in 2019, its lagged effects should help global activity recover in early 2020.

On the positive side, market sentiment has been boosted by tentative signs that manufacturing activity and global trade are bottoming out, a broad-based shift toward accommodative monetary policy, intermittent favorable news on US-China trade negotiations, and diminished fears of a no-deal Brexit, leading to some retreat from the risk-off environment that had set in at the time of the October WEO. However, few signs of turning points are yet visible in global macroeconomic data, it said. Downside risks remain prominent, including rising geopolitical tensions, notably between the United States and Iran, intensifying social unrest, further worsening of relations between the United States and its trading partners, and deepening economic frictions between other countries.


Death toll from China virus surges past 2,000
Necessary to prevent statelessness when nationality laws are changed: UN chief
UK budget on March 11 as planned: new finance minister
Wuhan hospital director dies of coronavirus
Opening of Kartarpur Corridor practical proof of Pakistan's desire for peace, says UN chief
Pakistan launches nationwide anti-polio campaign
Trump threatens intelligence block over Huawei: US diplomat
China says significant drop in coronavirus cases; death toll climbs to 1,665
Two more Indians test positive for coronavirus on cruise ship off Japan
France confirms first coronavirus death outside Asia
Making efforts to disembark Indians from cruise ship after quarantine period ends: Indian Embassy
Erdogan raises Kashmir in Pak Parliament, says issue close to both countries
Born on a boat: new baby among 87 rescued off Canary Islands
China rejects US charge of lack of transparency in sharing coronavirus info
China''s coronavirus death toll nears 1,500
Narayana Murthy''s son-in-law Rishi Sunak named new British finance minister
British finance minister Javid quits in reshuffle
Nepal shuts resort where 8 Indian tourists died
Trump says looking forward to visiting India
VIRUS Coronavirus death toll in China crosses 1,000
ENTERTAINMENT NEWS
'Joker' earns Joaquin Phoenix his maiden Oscar
 Los Angeles: Hollywood star Joaquin Phoenix finally ended his dry run at the Oscars as he picked up  
'Batman' script is beautiful, dark and moving: Colin Farrell
Scriptwriting is underrated: Ayushmann Khurrana
Abhishek Bachchan starts filming 'Bob Biswas'
KERALA NEWS
Two forest dept officials killed in wildfire
 Thrissur: Two forest department officials were on Sunday charred to death in a wildfire at Wadakkanc
CPI(M) expels two student activists held for Maoist links
Surendran new Kerala BJP President
Student who tested Positive for coronavirus discharged
NATIONAL NEWS
Maha CM visits Shivneri Fort on Shivaji''s birth anniversary
 Mumbai, Feb 19 (PTI) Maharashtra Chief Minister Uddhav Thackeray visited the Shivneri Fort in Pune d
Can transport minister come to explain govt proposal for introducing EVs, asks SC
People of Delhi taught a lesson to BJP which it will remember for long time: Gehlot
Delhi court sends Sharjeel to judicial custody till Mar 3 in New Friends Colony anti-CAA violence case
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