Melania Trump visits border, Congress flails on family separations
Araqchi: Europe Should Make More Sacrifices to Preserve Nuclear Deal
Irish border agreement has to be part of Brexit deal, Juncker warns
Trump immigration order may not prevent some family separations
Plaintiffs Look Forward to Reworking Wisconsin Gerrymander Case
Indian economy grew at 7.2% in third quarter: Government
03 March 2018, 12:04 | Tara Lloyd
Fans celebrate after India beat Australia. Reuters Ajay Verma
China had recorded a growth of 6.8% in the December quarter.
Beating all estimates, India's economy grew 7.2% in the October-December quarter to once again become the world's fastest-growing economy backed by a handsome expansion in nearly all the sectors barring mining which contracted.
India is the fastest growing major economy again. "Global economic growth will turn higher and peak in 2018", said ratings agency Moody's on Wednesday. Manufacturing contributed 20.7% and "Financial, real estate and professional services" 18.6%. However, the manufacturing sector in 2017-18 will grow by 5.1 per cent, against 7.9 per cent in the previous fiscal. But the data does show that the recovery has been broad-based.
"In conjunction with an already lower kharif production this year (2017 crop season), lower rabi sowing will further subdue the contribution of agriculture to GVA this fiscal".
Iran finds plane wreckage and bodies after three days
However, US President Donald Trump's refusal to recertify the deal has injected uncertainty into those sales. Aseman Airlines spokesman Mohammad Taghi Tabatabai told state TV that all on board Flight EP3704 were killed.
The growth for the second quarter (July-September) has been revised upwards to 6.5 per cent, from 6.3 per cent estimated earlier by the CSO.
The agriculture sector grew 4.1 percent in October-December period from 1.7 percent in the previous quarter.
The slow growth rate in the labor-intensive sectors has provided an arsenal to the opposition during the election year, as the ruling Bharatiya Janata Party came to the power in 2014 on the promise of generating at least 20 million jobs every year. The construction sector, however, has seen a smart pickup in growth.
Growth of 10% or more, Kant said, is "very doable".
However, the poll states that economists are concerned about the increase in non-performing assets (NPA) of state-run banks, and says if NPA's are not managed properly, it would hurt economic activity.
"Strong fixed capital growth also indicates investment picking up very well". Experts warn the feel-good factor could be brief and is squarely dependent on monsoon, oil prices, pick in private investments and spending. That this has happened despite the pickup in the farm sector and in manufacturing is a concern.
"Meanwhile, Services PMI has been at reviving stage as it stood at 50.9% by end of December 2017 from 48.5% in November 2017". On the other hand, as IndusInd Bank Ltd chief economist Gaurav Kapur points out, clearly domestic consumption is leaking into imports.
Liked the story? We're a non-profit. Also, the financial fraud of Rs 11500 crore that hit the state run-Punjab National Bank has put a shadow on all state-run banks.
FCC to approve SpaceX broadband application
The plans received a green light as soon as the FCC approved SpaceX's application for launching the test satellites into space. This will drastically cut the latency measured from GEO satellites from 600ms to between 25 to 35ms in low-earth orbit (LEO).
In an interview with the news network earlier this week, Amitabh Kant, one of the Indian government's top policy advisers, said growth of 10% or more should be "very doable".
Apple reportedly looking to buy cobalt directly from miners
Seeing as this isn't a large quantity of cobalt, it's no smartphones which are depleting cobalt resources: it's electric cars. Now a new report reveals that Apple is attempting to secure Cobalt supplies by purchasing the mineral directly from Miners.
Samsung Galaxy Tab S4 Launch Seems Like A Possibility
In its invitation for the upcoming S9 launch , Samsung makes it pretty clear the new phones will be boosting improved optics. The phones will also come with a dedicated Bixby button on the left just like it is in the Galaxy S8 and the Galaxy S8+.
North Korean delegation arrives for Olympics closing show
Later on Sunday the White House said in a statement that "denuclearization must be the result of any dialogue with North Korea". President Trump called the measures targeting the country's shipping industry "the heaviest sanctions ever imposed".
New major study reveals antidepressants do work
All 21 antidepressants were more effective than placebos and only one drug (clomipramine) was less acceptable than placebo. However, she said: "This does not necessarily mean that antidepressants should always be the first line of treatment".