Fitch Ratings has updated the GDP growth rate for India in its Global Economic Outlook, and now expects the economy to contract 9.4 percent in the current financial year 2020-21, as compared to (-)10.5 percent forecast earlier.
The Japanese research and brokerage house Nomura has predicted India to be the fastest-growing Asian economy in 2021.
Nomura has approximated the gross domestic product (GDP) growth of India for the calendar year 2021 (CY21) at 9.9%. For the calendar year 2020 (CY20), Nomura expects GDP growth at -7.1 percent.
Zena Wooldridge from England has been chosen as the World Squash Federation President. She will become the 10th WSF President to work since the Federation’s inception in 1967.
The International Golf Federation (IGF) designated Annika Sorenstam as its new president effective January 1, 2021.
IGF President, Peter Dawson, is stepping down after 10 years of leadership and service. Sorenstam, a 72-time winner on the LPGA Tour and former No. 1 from Sweden.
The World Economic Forum (WEF) has finalized to host its 2021 yearly meeting in Singapore, which earlier was planned to take place in Lucerne-Burgenstock, Switzerland from 13-16 May 2021.
The decision to shift the yearly forum from Switzerland has been taken in view of the Covid-19 situation in Europe.
Human Rights Day is observed on 10 December every year across the world. This Day came into existence on December 10, 1948, when the Universal Declaration of Human Rights was adopted by the United Nations.
This year theme of Human Rights Day: Recover Better – Stand Up for Human Rights.
The Union Cabinet has given its permission for Atmanirbhar Bharat Rojgar Yojana (ABRY) to encourage employment in the formal sector by boosting the businesses to do fresh hiring amid the pandemic.
ABRY will also incentivize the creation of new employment openings under Atmanirbhar Bharat Package 3.0.
The Union Minister of State for Home Affairs, G Kishan Reddy has initiated the National Centre for Divyang Empowerment (NCDE) at the CRPF Group Centre in Hakimpet near Hyderabad, Telangana.
The NCDE is the first of its kind establishment to re-skill and improves the Divyang Warriors of the Central Armed Police Forces (CAPF) who suffered life-threatening injuries in the line of duty.
The Union Minister for Road Transport and Highways, Nitin Gadkari has initiated the 1.5 km long Koilwar bridge over the Sone river in Bihar via Video Conferencing.
This newly introduced bridge is a part of the six-lane bridge being made in place of the existing two-lane bridge, for both rail and road traffic, which is 138 years old.
The Union Cabinet has permitted a scheme called the Prime Minister’s Wi-Fi Access Network Initiative (PM-WANI), to enhance wireless connectivity and pave the way for free wireless internet in public spaces across the country.
The Prime Minister of Romania, Ludovic Orban has resigned from his post after his ruling National Liberal Party (PNL) lost in the 2020 parliamentary election.
Following this, Romanian President Klaus Iohannis designated the Minister of National Defense, Nicolae-Ionel Ciuca as the interim prime minister of the country.
The Asian Development Bank (ADB) has predicted India’s economy to contract 8 percent in 2020, as against (-)9.0 percent previously forecast.
In its latest Asian Development Outlook report published on 10 December 2020, ADB also expects the GDP of India to bounce back with growth of 8.0 percent in 2021.
Indian actor, Sonu Sood has topped the first-of-its-kind ’50 Asian Celebrities In The World’ 2020 list, issued by UK based Eastern Eye newspaper.
The 47-year-old talented Bollywood star has been honored for his inspirational philanthropic work during the Covid-19 pandemic, especially helping migrant workers reach their hometowns.
The year 2020 Ramanujan Prize for Young Mathematicians was won by Dr. Carolina Araujo, Mathematician from the Institute for Pure and Applied Mathematics (IMPA), Rio de Janeiro, Brazil.
Her work area concentrates on birational geometry, which strives to classify and describe the structure of algebraic varieties.
Indian athletes, Bajrang Punia (Freestyle-Wrestling) and Elavenil Valarivan (Shooting) won the top honors at the virtually held FICCIIndia Sports Awards 2020 on the back of the 10th Global Sports Summit.
The two athletes, who have had an extraordinary 2019-20 season, won the Sportsperson of the Year awards in their respective categories.