RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present. He said the impact of the second wave of Covid has waned by August, and economic growth will be better from the second quarter onwards on a sequential basis. Speaking at an event in Mumbai, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6% inflation band set by the government for it.
Indian Americans
Indian-Origin woman behind Bezos’ space flight
Texas (TIP): Indian-origin Sanjal Gavande was not on Amazon founder Jeff Bezos’ 10-minute space flight Tuesday, July 20 but the 30-year-old engineer from Kalyan in India’s Maharashtra state was on the team that built his […]
India
CBI approaches Interpol to locate jewelry designer Nirav Modi
NEW DELHI (TIP): The CBI has approached the Interpol to locate billionaire jewellery designer Nirav Modi and his family who had left the country in the first week of January, weeks before the scam was reported to the agency, officials said. […]
United States
Indian American lawmaker Sabi “Doc” Kumar accuses expelled Black Tennessee Democrat of racism
NASHVILLE (TIP): Indian American lawmaker in the Tennessee House of Representatives Sabi “Doc” Kumar, who voted to expel two African Americans from the statehouse for staging a protest demanding strict gun-control laws, has accused one […]
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