Fuel prices continue to rise in the capital. After remaining stable for a day, prices have increased again. The price of petrol and diesel in Raipur has reached a record level so far. Due to the increase in prices on Thursday, people are looking very upset. Today, petrol has increased by 12 paise and diesel also has increased by 12 paise. With this, petrol has been increased to Rs 91.19 and diesel to Rs 90.38 per liter in Raipur.
Tag: increased
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Chance of change in wind direction, temperature may increase by 4 to 5 degrees
The effect of cold in the capital is visible for a few days. But the temperature is expected to rise from Tuesday. According to meteorologist HP Chandra, the effect of a western disturbance will be visible in the state from Wednesday. Its effect is likely to change the wind direction. With this, there will be an increase in temperature in all divisions of the state. The temperature is expected to rise by 4 to 5 degrees in the next four days.
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GDP contraction at -7.5% in Q2, India technically enters recession
The Gross Domestic Product (GDP) for the second quarter (Q2) from July to September contracted 7.5%, government data showed on Friday.
“GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crores, as against Rs 35.84 lakh crores in Q2 of 2019-20, showing a contraction of 7.5% as compared to 4.4% growth in Q2 of 2019-20,” the Ministry of Statistics & Programme Implementation said.
Though this is a rebound from earlier quarter but with this contraction Indian economy has hit technical recession for the first time.
According to the Ministry of Statistics and Programme Implementation, gross value added (GVA) came in at minus 7%. The economy had contracted by 23.9% in the April to June quarter (Q1 FY21), marking the first contraction in more than 40 years as COVID-19 pandemic compressed consumer demand and private investments.
“GDP at Constant (2011-12) Prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore, as against Rs 35.84 lakh crore in Q2 of 2019-20, showing a contraction of 7.5 per cent as compared to 4.4 per cent growth in Q2 2019-20,” said the Ministry of Statistics and Programme Implementation in a statement.
” Quarterly GVA at Basic Prices at Constant (2011-12) Prices for Q2 of 2020-21 is estimated at Rs 30.49 lakh crore, as against Rs 32.78 lakh crore in Q2 of 2019-20, showing a contraction of 7 per cent,” it added.
The statement said during the quarter trade, hotels, transport & communication saw a dip of -15.6 per cent while public administration, defence and other services by -12.2 per cent. The financial, real estate and professional services sector contracted by 8.1 per cent and construction by 8.6 per cent.
Some sectors have bounced back with resumption of economic activities. The electricity, gas, water supply and other utility services have shown a growth of 4.4 per cent; agriculture, forestry and fishing sector at 3.4 per cent and manufacturing sector showed a marginal growth of 0.6 per cent.
The economy was already slowing before the pandemic struck, growing only 4.2 per cent in the last fiscal year, its slowest pace in 11 years.