Jaitley: India has standardised itself for growth rate of 7-8%
01 December, 2017, 06:38
Echoing Prabhu's sentiment, Information Technology Minister Ravi Shankar Prasad said: "India'sGDP growth rate shows upward trend in 2nd quarter of 2017-18 and registers a growth rate of 6.3 per cent".
Mr. Anant said the GDP data for the second quarter could see an upward revision when the government released its revised estimates as it would reflect the final indirect tax collections - a figure that would include the taxes collected from late filers as well. Mr Anant said, the manufacturing sector in the second quarter of 2017-18 grew by 7 per cent.
"The September quarter GDP growth, he added, is quite a significant trend reversal and has been driven by pick-up in manufacturing".
Congress leader P Chidambaram today welcomed the rise in India's GDP growth rate but on a cautious note, saying it is a pause in the declining trend and one should wait for the next three-four quarters before drawing a definite conclusion.
He said the government reforms to push economic growth are working can be seen from the robust growth of seven percent in manufacturing and 7.1 percent in services in the second quarter of this fiscal.
Syncing with recent Moody's upgrade of India's sovereign credit for the first time in almost 14 years, the growth buoyancy comes at a time when the Modi Government has been facing Opposition charges of wrong implementation of demonetisation and GST that disrupted the $2.4-trillion economy.
China remained ahead of India for a third quarter in a row in July-September, posting 6.8 per cent growth. "Quarterly GDP growth accelerates to 6.3 per cent versus 5.7 per cent in the previous quarter".
"6.3% is far below the promise of the Modi government and far below the potential of a well-managed Indian economy", Chidambaram said in a series of tweets.
Government spending slowed in the quarter, growing 4.1 per cent, as against 17.1 per cent in the June quarter.
"It is well accepted that investment in infrastructure is essential to growth, it increases the productivity of existing resources and crowds in private investment, which in turn creates more jobs and leads to economic well-being", he said. Prominent Indian firms had their best profit growth in last six quarters in July-September, according to Thomson Reuters data.
Mining also posted a sharp uptick in growth to 5.5 per cent from a decline of 0.7 per cent in the previous quarter.
After Snapchat , Instagram , and Skype , Google has joined the ongoing trend of Stories by bringing Reels to YouTube . Creators can link to their other YouTube videos and enhance their work with stickers.
A 2011 Virginia natural disaster , that measured a much larger magnitude 5.8, was felt from North Carolina to even Canada. USGS Geophysicist Rafael Abreu said the natural disaster could be felt as far at 275 miles from the epicenter.
Northern Iowa received an at-large bid into the NCAA tournament and enter post season play with a 26-8 overall, 15-3 MVC record. Coastal recorded its first NCAA Tournament victory last season when it defeated James Madison in five sets in the first round.
The vaccine greatly reduces the chances of contracting the virus and, if contracted, may make the symptoms milder. Experts say 19 Oklahomans had to be hospitalized between November 22 and November 28 due to the flu.
The favored candidate to replace Tillerson is current CIA Director Mike Pompeo , which would leave a vacancy at the CIA. Ryan told The Washington Post she was not invited for the first time in 20 years because "they have a disdain for me".
His comments came following a court appearance for a speeding ticket he received in a Dublin suburb March 31. Judge Miriam Walsh asked Mr Geraghty if he was his solicitor and he replied: "I'm his business manager".
The news comes on the heels of accusations of sexual misconduct made against Piven , all of which he has adamantly denied. On Nov. 24, Amy Meanor and Anastasia Taneie told BuzzFeed News Piven sexually assaulted them in the past.
The Vols' fan base revolted on Sunday when UT was reportedly set to hire Ohio State defensive coordinator Greg Schiano. Doeren has been with the Wolfpack since 2013 and has led them this year to one of their best seasons in recent memory.
American Outdoor Brands reported a almost 40% decline - about $78 million - in net sales in its fiscal quarter ending July 31. Prospective gun owners filed 203,086 requests to the FBI's National Instant Criminal Background Check System (NICS).
Washington law requires both affected consumers and the attorney general's office to be notified within 45 days of the breach. Now, after some further digging, it seems that 2.7 million of those affected were Uber customers from the UK.
Chinese actress Liu Yifei cast as Disney's Mulan
Most recently, Scarlett Johansson played a character originally Japanese in the film Ghost in the Shell . Good News for all the Disney fans! The remake of " Mulan " is expected to be released on 2019.
Google introduces Datally, a mobile data-saving app
Google tested Datally in the Philippines for most of 2017, and the insights from the product tests there shaped the final app. Previously, Google announced a peer-to-peer payment app aimed at Indian consumers and a low-bandwidth version of YouTube.
First and only Supermoon of 2017 is this weekend
Do I need special glasses to watch the supermoon? "Then slide your finger up or down to darken or lighten the exposure". Bigger and brighter than a typical full moon, the term "supermoon" was coined in 1979 by astrologer Richard Nolle.