Synopsis The broad consensus among economists is that India may clock a GDP growth rate of almost 7% this fiscal year and about 6.5% next year — an exception in a world facing slowdown and even recessionary risks. But it won’t be easy as India too will be buffeted by strong headwinds. Last month, the Reserve Bank of India (RBI) pegged the country’s Gross Domestic Product (GDP) growth for the quar ter ending September at 6.1-6.3%. “If this is realised, India is on course for a growth rate of about 7 per cent in 2022-23,” the central bank stated in its monthly bulletin. Earlier this week, the National Statistical Office (NSO) released the Q2 data. And the numbers were on expected lines. The GDP at constant (2011-12) prices for the quarter is estimated to be Rs 38.17 lakh crore — a growth of 6.3% over the same quarter last year. The Indian economy has certainly slowed when compared with the 13.5% growth of Q1, which was helped by a favourable base effect as growth had weakened … [Read more...] about India seems to be on course to a GDP growth of about 7% this fiscal year. But the journey won’t be easy
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Starting Thursday, the government has introduced paperless entry at select airports to make air travel hassle-free. Under this initiative, airports will use a facial recognition software called ‘DigiYatra’ for entry. This means, passengers won’t need to carry their ID card and boarding pass. In the first phase, the initiative will be launched at seven airports, starting with three — Delhi, Bengaluru, and Varanasi, followed by four airports namely Hyderabad, Kolkata, Pune, and Vijayawada by March 2023. Subsequently, the technology will be implemented across the country. Don't Miss | e-Rupee: Here’s a Quixplained on India’s first official digital currency The Delhi International Airport Ltd (DIAL), run by GMR, had in August announced the soft launch of the Centre’s DigiYatra initiative, rolling out the beta version of its app for Android platforms. The Delhi airport has the required infrastructure set up at the airport’s Terminal 3, and other airports are also … [Read more...] about DigiYatra: These airports in India now have facial recognition technology. How does it work?
Synopsis At the annual Footwear News Achievement Awards in New York City, the first Collection of the Year award was bagged by Dua Lipa. Dua Lipa received the first Collection of the Year award at the annual Footwear News Achievement Awards in New York City on November 30, raising her position as a global megastar. At the event known as the " Shoe Oscars ," the vocalist of "Cold Heart - PNAU Remix" was showered with heartfelt recognition. The audience watched as Dua Lipa took the stage with Billy Walsh , her "Puma x Dua Lipa Flutur Drop 2" collaborator. The two accepted the award together. Attendees were mesmerised by another fantastic moment at the FNAAs as Christian Louboutin won the Lifetime Achievement Award . What did attendees of the event have to say about the iconic shoemaker Christian Louboutin? Winners of Day 2 of the '2022 MAMA Awards'! Winners of Day 2 of the '2022 MAMA Awards'! … [Read more...] about Dua Lipa bags Collection of the Year award at annual Footwear News Achievement Awards
Synopsis Audit places India above developed aviation markets like China, Denmark, will help overseas expansion of Indian carriers. In a significant boost for India ’s air safety, the UN aviation watchdog International Civil Aviation Organisation ( ICAO ) has upgraded India’s score in aviation safety. This comes following an audit by the watchdog last month. The audit, Universal Safety Oversight Audit Programme, seeks to identify if countries have effectively and consistently implemented practices in aviation safety. India’s effective implementation score is now at 85.49 % as compared to 72.93 when it was last audited in 2018. The score ranks India above multiple OECD countries including China, Poland, Denmark. A high score will make it easier for Indian airlines to expand services into international sectors as permissions granted will be faster and airlines will be able to forge commercial arrangements more swiftly. The audit was conducted in the areas of legislation, … [Read more...] about India’s aviation safety oversight makes major progress, ICAO rankings show
America's newest nuclear stealth bomber has made its debut after years of secret development, part of the Pentagon's answer to rising concerns over a future conflict with China. Key points: The US Air Force plans to build 100 B-21 Raiders, able to deploy nuclear weapons or conventional bombs with or without humans on board The total cost of the bombers remains unknown The Raider was unveiled beneath a hangar to prevent satellite imaging and overhead cameras seeing it The B-21 Raider is the first new American bomber aircraft in more than 30 years. Almost every aspect of the program is classified. As evening fell over the Air Force's Plant 42 in Palmdale, the public got its first glimpse of the Raider in a tightly controlled ceremony. It started with a flyover of the three bombers still in service: the B-52 Stratofortress, the B-1 Lancer and the B-2 Spirit. Then the hangar doors slowly opened and the B-21 was towed partially out of the building. "This … [Read more...] about US Air Force unveils first new bomber in more than three decades
Weddings are often elaborate, expensive affairs in India with several functions and umpteen guests. Not wanting to miss out relatives and friends, a family booked an entire flight for travelling to the wedding destination. Yes, you read the right! Digital creator Shreya Shah took to Instagram to reveal a glimpse of the journey on board the flight. The clip shows Shah smiling and the aerial view shows the flight full of wedding guests. All of them are seen waving their hands in unison amusedly and at the end, the bride and groom are seen sitting next to each other. The text insert in the video reads, “It’s your sister’s wedding, so you book the entire flight.” Other videos shared by Shah feature an extravagant haldi ceremony held at Jaisalmer in Rajasthan. View this post on Instagram A post shared by Shreya Shah | Content Creator (@shreyaa_shaah) Since being shared three days ago, the clip has amassed more than … [Read more...] about ‘Tell me you’re rich without telling me you’re rich’: Flight booked for kin of bride and groom