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India’s economy likely to tank 9% due to Covid-19 distress: S&P I ndia’s economy shrank 23.9 per cent year-over-year in the March to June period, larger than expected . S&P Global Ratings said on Monday it expects India’s economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer. Its previous forecast had put the economic hit from Covid at minus 5 per cent. “One factor holding back private economic activity is the continued escalation of the Covid-19,” said Vishrut Rana, Asia Pacific Economist for S&P Global Ratings. India’s economy shrank 23.9 per cent year-over-year in the March to June period, larger than expected. The pandemic and tight lockdown measures enforced to combat it knocked private consumption by 26.7 per cent while fixed investment sunk 47.1 per cent. Higher welfare spending prevented an even sharper fall in growth. Agriculture cushioned the blow as it...

Chinese companies now invest nearly half of what the invested in 3 years ago in India Total FDI inflows from Chinese companies stood that at $350.22 million in FY 2017-18, which fell to $299 million 2018-19 and had a freefall to $163.77 million in FY 2019-20 I nvestment by Chinese companies into India has nearly halved in the last three years, much before India raged a trade war against China earlier this year. The total FDI inflow from Chinese companies stood at $350.22 million in FY 2017-18, which fell to $229 million in FY 2018-19 and had a freefall to $163.77 million in FY 2019-20, according to the data provided by Anurag Singh Thakur, MoS, Ministry of Finance, in a reply to a question in Lok Sabha. The outflow to China from India has also decreased in recent years, however, it caught some pace in the last few months. The total Outflow to China was $49.2 million in 2017, which nosedived to $12.6 million in 2018, but surged to $27.6 million in 2019 and is standing at $20.63 million ...

 

                                                                                                                                                                                               Switzerland added paris & vienna to its covid-19 quarantine list but won't subject those countries border area with the same restrictions. There were concerns that adding neighbouring countries to the quarantine list would make life very difficult for swiss businesses and hospitals, which rely on foreign labour.   ...

  Serum institute of india on wednesday said that ongoing clinical trials in india for covid-19 vaccine, developed by university of oxford & astra zeneca, will countinue not be affected by astrazeneca announcement of putting trails on hold due to adverse recation seen in vaccinet trail participant in UK. None of the participant in the indian leg of the vaccine trails being carried out by serum have faced any problems, the company said. serum is partnering with astra zeneca to carry out trails and manufacture the covid-19 does in india at its pune facility. But ICMR scientist tarun bhatnagar said as this was multisite trail, whoever decision was taken by the company at one site should be applicable to all, and this would have an impact on the trail in india. However, there are no details available whether the adverse reaction  was related to the vaccine and the trail has been stopped to find that out, Bhatnagar said. ''If the link between the vaccine and the reaction is est...

 Most romantic song Let me know Selena Gomez and Justin Bieber

 

 The world famous banaras Ganga Aarti

  Varanasi , also called  Benares,  Banaras , or  Kashi , city, southeastern  Uttar Pradesh  state, northern  India . It is located on the left bank of the  Ganges (Ganga) River  and is one of the seven sacred cities of  Hinduism . Pop. (2001) city, 1,091,918; urban agglom., 1,203,961; (2011) city, 1,198,491; urban agglom., 1,432,280 History Varanasi is one of the oldest continuously inhabited cities in the world. Its early history is that of the first  Aryan  settlement in the middle Ganges valley. By the 2nd millennium  BCE , Varanasi was a seat of Aryan religion and philosophy and was also a commercial and industrial centre famous for its  muslin  and silk fabrics, perfumes, ivory works, and sculpture. Varanasi was the capital of the kingdom of Kashi during the time of the  Buddha  (6th century  BCE ), who gave his first sermon nearby at  Sarnath . The city remained a centre of religious, e...