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Moody's Investors Service predicts India to have declined growth rate of 5.8 % in fiscal year 2019-20

Recently Moody’s investor's services predicted that India will have growth rate at 5.8% during the fiscal year that began in April. Earlier in August, the company had forecast the growth rate that stood at 6.2 %. According to a media report, India’s growth fell to a six-year low of 5% in the April-June quarter due to weak consumer demand of products and services, prompting the central bank to cut its 2019-20 growth forecast to 6.1% last week from 6.9%. The global rating agency said, ” Compared with only two years ago, the probability of sustained real GDP growth at or above 8% has significantly diminished”. It further added, “A prolonged period of slower nominal GDP growth not only constrains the scope for fiscal consolidation but also keeps the government debt burden higher for longer compared” Do you think govt should take major step to boost the economy? comment below Src:https://reut.rs/2OBrZqB

Great/Sad

That's Great

37 votes

That's Sad

128 votes

Commerce Minister Piyush Goyal summons Flipkart and Amazon over alleged FDI abuse

Recently the commerce Minister Piyush Goyal has asked Department for Promotion of Industry and Internal Trade (DPIIT) to summon Flipkart and Amazon over allegations of abusing the FDI policy. According to Confederation of All India Traders (CAIT) delegation, the e-commerce marketplaces are practising predatory pricing, deep discounting, loss funding and exclusivity of various products which is not allowed under FDI Policy. CAIT met Piyush Goyal and Goyal assured them that the govt will not allow predatory pricing or deep discounting under any circumstances. Do you think govt should restrict e-commerce platform from giving deep discounting? Src: https://bit.ly/324AFda

Do you stand with @PiyushGoyal

I stand with @PiyushGoyal

59 votes

I don’t

167 votes

Nobel laureate Michel Mayor said, “Humans will never migrate to another planet”

In a conference Nobel laureate, Michel Mayor was asked about the possibility of humans moving to other planets in which he stated, ” If we are talking about exoplanets, things should be clear: we will not migrate there,". He further added, “These planets are much, much too far away. Even in the very optimistic case of a livable planet that is not too far, say a few dozen light-years, which is not a lot, it's in the neighbourhood, the time to go there is considerable”. Do you think in the near future humans can move to another planet? Src: https://bit.ly/2Mxj9Ye

Do you stand with @MichelMayor

I stand with @MichelMayor

37 votes

I don’t

110 votes

India criticises Turkey for military action in Syria

India has slammed Turkey for its unilateral military offensive in northeastern Syria. The Ministry of External Affairs (MEA) stated that Turkey's action can undermine stability in the region and the fight against terrorism. "We call upon Turkey to exercise restraint and respect the sovereignty and territorial integrity of Syria. We urge the peaceful settlement of all issues through dialogue and discussion", MEA added. This comes after Turkish jets and artillery targeted Kurdish-controlled areas in Syria, focusing thousands of civilians to flee their homes. Src: https://bit.ly/2p6FW5q

Do you stand with @MEA

I stand with @MEA

60 votes

I don’t

125 votes