On December 31 2020, the newsrack service will be 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 is 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.

If you need to access any data, email me: subbu at newsrack.in

 
User: kailas Topic: Economics
Category: GDP
Last updated: Dec 05 2020 03:47 IST RSS 2.0
 
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Column: Republicans are complaining (again) about the budget deficit 5.12.2020 LA Times: Business

For the GOP, deficits only matter when there's a Democrat in the White House

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RBI keeps repo rate unchanged at 4%, revises GDP growth forecast from -9.5% to -7.5% 4.12.2020 Scroll.in
The reverse repo rate was also unchanged at 3.35%.
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Sensex hits record-high of 45,000 as RBI keeps repo rate unchanged 4.12.2020 Scroll.in
The Reserve Bank of India also revised India’s real Gross Domestic Product growth projection for the year 2020-’21 from -9.5% to -7.5%.
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H2 growth to see GDP contract by 7.5% in 20-21: RBI 4.12.2020 Rediff: Business
The Reserve Bank of India (RBI) on Friday said it expects the economy to record positive growth in the second half of the current financial year.
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"Faster Recovery Than Expected": RBI Ups GDP Forecast From -9.5% To -7.5% 4.12.2020 NDTV News - Top-stories
The Reserve Bank of India's Monetary Policy Committee maintained the key lending rate unchanged at 4 per cent today, holding the rates at existing levels for a third straight review. The status quo...
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Farmers’ protests: Beyond support prices, these are the key challenges faced by Indian agriculture 4.12.2020 Scroll.in
Even if the new laws are scrapped, fundamental structural problems won’t go away.
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Services sector posts growth in November, hires go up 3.12.2020 Rediff: Business
The recovery in the Indian services sector was sustained in November as new work orders supported business activity growth and the first rise in employment in nine months, a monthly survey said on Thursday.
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GDP to enter positive territory in Q4: Niti VC 2.12.2020 Rediff: Business
The Indian economy is coming out of the pandemic-induced degrowth and GDP growth will enter the positive territory in the fourth quarter of this fiscal, Niti Aayog Vice-Chairman Rajiv Kumar said on Wednesday. In an interview to PTI, Kumar also said the Centre's new agriculture reform laws are aimed at increasing the income of farmers and the present agitation was a result of misunderstanding and miscommunication which need to be removed.
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Why India’s GDP contracting by 7.5% is earning some cheers – even as others ring alarm bells 2.12.2020 Scroll.in
The better-than-expected GDP figures may have been caused by companies cutting costs and firing employees – which would not be good news.
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As Biden seeks to boost working class, Fed chair Powell may be key ally 2.12.2020 Chicago Tribune: Business
President-elect Joe Biden’s best bet for lifting labor's share of the income generated by the economy could rest with a Republican: Federal Reserve Chairman Jerome Powell.
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November factory output falls below October's 1.12.2020 Rediff: Business
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained strong, despite losing traction.
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‘Hope GDP returns to positive territory in next quarter,’ says Amit Shah 30.11.2020 Scroll.in
India’s economy entered into technical recession for the first time ever after GDP in the second quarter contracted by 7.5%.
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India GDP: What car sales reveal about India’s stalling economy 30.11.2020 BBC: World
India's economy is officially in recession but improving car sales hint at a possible rebound.
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Hope PM Modi's Reforms Put GDP In Positive Territory: Amit Shah 30.11.2020 NDTV News - India-news
Union Home Minister Amit Shah today said Prime Minister Narendra Modi had worked hard to revive the economy in recent months and due to that, he hoped, India's GDP will spring back into positive...
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'Growth forecasts have to be taken with pinch of salt' 30.11.2020 Rediff: Business
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
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Opinion: Why I'm Losing Hope In India 28.11.2020 NDTV News - Top-stories
Call it buyers' remorse. Those of us who thought that muscular leadership would revive India's dream of mimicking Chinese-style double-digit expansion are not just disappointed. For many of my...
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Economy shows signs of revivial 28.11.2020 The Assam Tribune
Economy shows signs of revivial
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‘Economy cannot grow on diktats’: Rahul Gandhi takes jibe at PM Modi on recession 28.11.2020 Scroll.in
The Congress leader also pointed out that three crore people were looking for work under the MNREGA.
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Economy to continue on recovery mode, say experts 28.11.2020 Rediff: Business
With India's GDP clocking a lower contraction of 7.5 per cent in the September quarter, industry and experts expressed confidence of further recovery in the coming months and said the government's actions are bearing fruit. In a tweet, Vedanta chairman Anil Agarwal said, "Q2 #GDP numbers show that economy is recovering. Government's efforts on stimulus and reform are showing results. Hopefully, we will have positive growth in H2 FY21 and double digit growth in FY22."
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We should be cautiously optimistic about economy: CEA 27.11.2020 Rediff: Business
Chief Economic Adviser K V Subramanian on Friday said there is an "upside potential" in the estimates about the economy during the current financial year amid a faster-than-expected recovery. He said the final print could be better than GDP estimates given by various institutions, including the Reserve Bank of India, which projected contraction of 9.5 per cent during 2020-21. During the second quarter, India's economy recovered faster than expected as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on consumer demand bouncing back.
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