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Economic recovery could be hit if US-China trade war escalates: Rajan

Agencies
March 23, 2018

Kochi, Mar 23: The global economic recovery could be hit if the trade war between the US and China escalate, renowned economist and former Reserve Bank of India Governor Raghuram Rajan said today.

"There are very worrisome scenarios here. I think we should not take this lightly," he said here.

"I do hope that better sense sort of prevails and we move off from a full-fledged process of one country doing it and the other country reacting and so on," he said.

Rajan, Professor, Finance, University of Chicago, advised that one should stay away from trade war particularly at a time when the economy the world over was in the process of recovery.

"I don't want to use the word trade war. I don't think they are there yet. But I do think that it is very important that we stay away because it could harm the current recovery which has been beneficial all over the world significantly.

"And for it to do that at a time when the US is quite strong and has got full employment is going quite reasonably, it seems to me that this is not the time that we should do it," the former RBI governor told reporters in response to a question related to trade war.

He was here to address the two-day Global Digital Summit (#Future) organised by the Kerala government.

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Agencies
August 1,2020

New Delhi, Aug 1: Rajya Sabha MP and former Samajwadi Party leader Amar Singh has died in Singapore where he was undergoing treatment.

Amar Singh, 64, had undergone kidney transplant in 2011 and was not keeping well for a long time.

“Saddened to know about the death of senior leader and parliamentarian Amar Singh,” Defence Minister Rajnath Singh tweeted.

Earlier in the day, the former Samajwadi leader had posted messages on Twitter, paying tributes to Bal Gangadhar Tilak on his 100th death anniversary and also wishing people on Eid.

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News Network
April 16,2020

Kochi, Apr 16: As many as 268 British citizens stranded in Kerala due to the nationwide lockdown were airlifted by British Airways on Wednesday from Thiruvananthapuram and Cochin International Airports.

The flight took off from Thiruvananthapuram to London's Heathrow Airport with 110 passengers at 7.30 pm. Later, 158 more passengers boarded the flight from Cochin airport at 10.07 pm.
A medical team, including four doctors, screened the passengers at the Thiruvananthapuram airport before they boarded the flight.

Earlier this month, the first charter flight from India reached London's Stansted with 317 British nationals on board from Goa.

The British government had earlier announced the operation of 19 chartered flights to evacuate its nationals who are stranded in India amid travel restrictions owing to the coronavirus crisis.

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Agencies
July 30,2020

Ahead of the grand foundation stone-laying ceremony of the Ram Temple on August 5, Ayodhya priest and 16 police personnel, involved in the mega event on August 5, have tested positive for COVID-19. Priest Pradeep Das is one of the four priests who regularly perform puja at the Ram Temple site in Ayodhya.

Das has been placed under home quarantine and contact tracing is underway, reported.

Meanwhile, Uttar Pradesh police and Sashastra Seema Bal have been put on high alert in the districts bordering Nepal ahead of Prime Minister Narendra Modi's visit to Ayodhya on August 5.

PM Modi likely to launch postal stamps on Ram Temple, Ramayana during Ayodhya visit: Report
Counterfeit products create Rs 1-lakh-crore hole in economy, incidents up 24% in 2019: Report
On July 29, Uttar Pradesh reported a record single-day spike of 3,570 COVID-19 cases, taking the infection tally to more than 77,000, while 33 fresh fatalities pushed the death toll to 1,530.

"There are 29,997 active COVID-19 cases in the state and 45,807 patients have been discharged after treatment," Additional Chief Secretary, Medical and Health, Amit Mohan Prasad told reporters. "The death toll due to the disease has reached 1,530," he said.

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