On Jan 2 2021, the newsrack service has been shut down permanently.

It has been a nice long run from the Sarai days in 2004 to being hosted on its own domain around 2006. Beside maintenance, there has been no real active development on the code or the features since early 2008. Since 2015, even all that maintenance was pretty bare bones. A lot of news sources no longer provide reliable RSS feeds and since mid 2018, there were growing issues with the service and I only kept it alive to assist a handful of users.

So, it was time to shut this down. The internet world in 2020 is vastly differently from 2003 when I first conceptualized this service. Thanks for using this all these years.

This is an archive of previously crawled content that will be kept around for a few weeks.

User: kailas Topic: Economics
Category: GDP
Last updated: Jun 08 2020 19:14 IST RSS 2.0
1 to 20 of 38,845    
Economy may add just 1% in real terms during 2021-22 31.12.2020 Rediff: Business
The economy, though projected to grow 9.6 per cent in the next financial year in year-on-year growth term, may grow just 1 per cent in real terms to Rs 147.17 lakh crore as against Rs 145.66 lakh crore in 2019-20, at the 2011-12 prices, according to a report by India Ratings. The size of the economy, as per the National Statistical Office's data, had stood at Rs 145.66 lakh crore in 2019-20, at the 2011-12 prices. According to the rating agency, the country's gross domestic product (GDP) is expected to contract 7.8 per cent to Rs 134.33 lakh crore in 2020-21, but may grow 9.6 per cent to Rs 147.17 lakh crore in 2021-22.
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‘Indian economy will reach pre-Covid levels by end of next fiscal year’: NITI Aayog VC Rajiv Kumar 31.12.2020 Scroll.in - News that matters
The think-tank head said that GDP will grow by 10% in real terms by end of the next financial year.
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Sir Keir Starmer: UK's best years lie ahead 31.12.2020 BBC: Front Page
Labour's leader uses his New Year message to say the country can "rebuild" after Covid.
2020 was the year India was supposed to become a superpower. Instead, it got left behind 31.12.2020 Scroll.in
To make matters worse, the government has failed to acknowledge the enormity of the crisis.
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Farm incomes in India did not rise despite the growth in agriculture sector amid lockdown 30.12.2020 Scroll.in - News that matters
The government’s promise to double farmer incomes by 2022 is an unrealistic target, say experts.
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Indian firms to gain from Brexit only in the long run 29.12.2020 Rediff: Business
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names.
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India to replace UK as fifth-biggest economy in 2025, become third-largest by 2030: Report 26.12.2020 Scroll.in
The Centre for Economics and Business Research said that the coronavirus crisis had been a ‘human and an economic catastrophe’ for India.
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India to become 5th largest economy in 2025 26.12.2020 Rediff: Business
India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday. India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot in 2020. "India has been knocked off course somewhat through the impact of the pandemic. "As a result, after overtaking the UK in 2019, the UK overtakes India again in this year's forecasts and stays ahead till 2024 before India takes over again," the Centre for Economics and Business Research (CEBR) said in an annual report published on Saturday. The UK appears to have overtaken India again during 2020 as a result of the weakness of the rupee, it said.
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GDP growth to turn positive soon, economy recovering fast: RBI 25.12.2020 DNA
India recorded its worst-ever quarterly growth amid strict COVID lockdowns in first quarter, which saw a slight improvement to 7.5% in 2nd quarter.
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Column: California isn't 'hemorrhaging' people, but there are reasons for concern 24.12.2020 LA Times: Business

California remains a powerhouse, but demographic and economic data do raise some worries.

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Economy recovering faster than expected, growth rate may turn positive in third quarter: RBI 24.12.2020 Scroll.in
The central bank said GDP growth rate may come at 0.1% in the third quarter.
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Markets are sending clear message 24.12.2020 Rediff: Business
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
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Air pollution killed 16.7 lakh Indians, led to 1.4% GDP loss in 2019, shows Lancet study 22.12.2020 Scroll.in
Delhi had the highest per-capita economic loss due to air pollution, followed by Haryana last year.
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UK borrowing hits highest November level on record 22.12.2020 BBC: Business
The government borrowed £31.6bn last month as it continued to support the economy during the pandemic.
Pound slides lower as European borders close to UK 21.12.2020 BBC: Business
Renewed concern over Britain's Covid-19 cases and a missed EU deadline take their toll on the currency.
Govt response to the pandemic was right 19.12.2020 Rediff: Business
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
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Will this Budget lower income tax? 18.12.2020 Rediff: Business
The budget-making exercise offers golden opportunities despite challenges, observes Shankar Acharya, former chief economic adviser to the Government of India.
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US jobless claims rise to 885,000 as COVID-19 puts recovery at risk 17.12.2020 Chicago Tribune: Business
The Labor Department said that the number of applications increased from 862,000 the previous week. It showed that nine months after the viral pandemic paralyzed the economy, many employers are still slashing jobs.
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India's economy showing signs of bottoming out: Report 17.12.2020 Rediff: Business
After several years of downgrades to the country's medium-term growth outlook, the estimates are likely to be upgraded now, Credit Suisse said in a report. The country's economy is showing signs of bottoming out, it said. According to the report, the consensus forecasts of GDP growth for FY2022 over FY2020 stopped falling after October 2020 (currently at (-) 1 per cent). Analysts at Credit Suisse expect these estimates to be revised upwards.
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US Adds India, Thailand And Taiwan To Currency Manipulation Watchlist 16.12.2020 NDTV News - India-news
The US on Wednesday added India along with Taiwan and Thailand to the 'monitoring list' of currency manipulating countries that includes major trading partners like China and six others.
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