When average growth of world is 2.6%, India will grow at 6.5%: UNCTD

by Utkalika Mohanty

NEWS HIGHLIGHTS

India is expected to maintain growth momentum at 6.5 per cent in 2024, per report released by the United Nations Conference on Trade and Development (UNCTD).

New Delhi, Apr 19: India is expected to maintain growth momentum at 6.5 per cent in 2024, per report released by the United Nations Conference on Trade and Development (UNCTD).

India's economic growth surged to 6.7 per cent in 2023, showcasing resilience amid global economic challenges.

The robust growth in 2023 was attributed to several key factors, including strong public investment outlays and the dynamic performance of the services sector.

The services sector particularly thrived due to robust local demand for consumer services and robust external demand for the country's business services exports. These factors are anticipated to remain pillars of support for growth in the upcoming year.

An encouraging trend highlighted in the report is the increasing inclination of multinational corporations to extend their manufacturing processes into India.

This move aims to diversify their supply chains and is expected to have a positive impact on Indian exports. Additionally, moderating commodity prices are forecasted to benefit the country's import bill, further contributing to economic stability.

The Reserve Bank of India's monetary policy stance is expected to remain unchanged in the near term, with interest rates likely to be held constant.

Furthermore, restrained public consumption spending is anticipated to be offset by strong public investment expenditures, sustaining the growth trajectory.

Looking at the broader Asian region, economic growth is projected to reach 4.0 per cent in 2024, slightly lower than the 4.1 per cent recorded in 2023.

Despite this slight moderation, Asia continues to be a significant driver of global economic activity, with India's growth story standing as a beacon of hope amid broader economic uncertainties.

(ANI)

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IPL 2024: SRH vs RR overall head-to-head; When and where to watch

by Utkalika Mohanty

Hyderabad, May 2: Sunrisers Hyderabad (SRH) will host Rajasthan Royals (RR), who look to get a step closer to qualifying for the playoffs, in match 50 of the IPL 2024 on Thursday.

Rajasthan have lost just one match from nine outings this season and continue on top of the points table with 16 points. Meanwhile, Hyderabad have also played nine games this season, winning five and losing four and are currently fifth in the standings with 10 points.

In the SRH vs RR head-to-head, the two teams have played each other 18 times in the IPL and both have been victorious on nine occasions.

SRH vs RR head-to-head 18

Sunrisers Hyderabad- 9

Rajasthan Royals- 9

SRH vs RR match time: The match starts at 7:30 PM IST (2:00 PM GMT) with the toss taking place half an hour before the match i.e., 7:00 PM (1:30 PM GMT)

SRH vs RR match venue: Rajiv Gandhi International Stadium, Hyderabad

Live broadcast of SRH vs RR match on television in India: The SRH vs RR match will be broadcast live via Star Sports Network.

Live stream in India: The live streaming of SRH vs RR available on Jio Cinema.

Squads:

Sunrisers Hyderabad: Travis Head, Abhishek Sharma, Aiden Markram, Heinrich Klaasen(w), Nitish Reddy, Abdul Samad, Shahbaz Ahmed, Pat Cummins(c), Bhuvneshwar Kumar, Jaydev Unadkat, T Natarajan, Anmolpreet Singh, Washington Sundar, Glenn Phillips, Umran Malik, Mayank Markande, Rahul Tripathi, Mayank Agarwal, Upendra Yadav, Jhatavedh Subramanyan, Sanvir Singh, Vijayakanth Viyaskanth, Fazalhaq Farooqi, Marco Jansen, Akash Maharaj Singh

Rajasthan Royals: Yashasvi Jaiswal, Jos Buttler, Sanju Samson(w/c), Riyan Parag, Dhruv Jurel, Rovman Powell, Shimron Hetmyer, Ravichandran Ashwin, Trent Boult, Avesh Khan, Yuzvendra Chahal, Sandeep Sharma, Tom Kohler-Cadmore, Shubham Dubey, Tanush Kotian, Navdeep Saini, Keshav Maharaj, Nandre Burger, Kuldeep Sen, Donovan Ferreira, Abid Mushtaq, Kunal Singh Rathore.

(IANS)

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China: Death toll in highway collapse in Guangdong rises to 36

by Manisha Das

Beijing, May 2: The death toll in highway collapse in China's Guangdong province has risen to 36, as the emergency team continues to make efforts to recover cars from the spot, Al Jazeera reported.

As of 5:30 am (local time) on May 2, 36 people have died and 30 people have been injured after part of a highway collapsed on Wednesday, Al Jazeera reported, citing state news agency Xinhua. As per the report, the injured people were not in life-threatening condition.

The road collapsed in the early hours of Wednesday morning as the May holidays started in China. It is traditionally one of the busiest times of the year on the roads.

Aerial pictures showed one side of the S12 highway between Meizhou City and Dabu County had collapsed, causing mud to cascade down the steep and forested hillside. A 17.9-metre (58.7-foot) stretch of the road collapsed, with 23 vehicles found in the muddy pit.

The incident was a "natural geological disaster" that occurred under the impact of continuous heavy rain. Several people who witnessed the incident said that they heard "sounds of cars falling" after "a heavy explosion."
One person said, "We stopped and got out of the car to check and had no idea the road had collapsed," Al Jazeera reported, citing Guizhou Evening News. Following the incident, the highway was closed in both directions and some 500 emergency personnel including firefighters and mine rescue experts were deployed to the spot to help with the rescue operation.

Photos from the spot showed a giant crane pulling the damaged cars from the mud, with excavators on standby. Rescuers were also searching with dogs and life-detecting devices.

The search efforts were affected by rain as well as gravel and soil movement at the site of the incident, posing some risk to the workers, according to a fire department official, Al Jazeera reported, citing state media.

The highway collapse incident is the latest in a series of disasters related to extreme weather events in Guangdong in recent weeks. Heavy rains in April have resulted in floods in various parts of Guangdong that claimed the lives of four people and forced the evacuation of more than 100,000 residents.

Last week, five people were killed after a tornado tore through Guangzhou. The rainfall has been more than it would have been normally expected this time of the year and has been linked to climate change.

(ANI)

Balasore: Bus Hits Unknown Vehicle, 3 Injured, Over 60 Passengers Narrowly Escape

by Manisha Das

Balasore, May 2: As many as three persons were injured, while over 60 passengers narrowly escaped a major mishap after the bus they were on board hit an unknown vehicle on NH 60 at Barunagadia Chakk under Basta police station in Balasore district.

The incident occurred on National Highway number 60 at Barunagadia Chakk under Basta police limits of the district.

According to the information, the Kalianana bus was en route toward Digha when the accident occurred.
The bus reportedly lost control and hit an unknown vehicle. Three passengers were injured, while over 60 passengers narrowly escaped a major mishap.