India’s GDP fall worst in the world; Chain only major economy to gain amid pandemic

News Network
September 1, 2020

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Even as India has shown the sings of becoming the new global epicentre of novel coronavirus, the country’s economy has been served a knock-out punch amid the pandemic. The arbitrary and unplanned lockdown imposed by the Narendra Modi led government mainly weighed on the already-declining consumer demand and investment in the country.

With the data showing contraction in India’s GDP by 23.9 per cent in the first quarter of the financial year 2020, India is trailing behind all G7 countries — Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

Barring China, the world's second-largest economy, all other major economies have felt the negative impact of coronavirus pandemic. In the April-June quarter of 2020, Chinese economy grew by 3.2 per cent.

Here's how the major economies of the world have performed during the period:

United Kingdom

The United Kingdom (UK) reported a 21.7 per cent contraction in the April-June quarter of 2020. It is the UK's second consecutive quarterly decline. On account of government restrictions, there has been a record quarterly fall in services, production and construction during the period.

France

France's GDP contracted by a record 18.9 per cent in the April-June quarter of 2020 amid coronavirus lockdowns. Even as the GDP numbers were better than forecast, the performance was much worse than other Eurozone economies.

Italy   

Italy's GDP shrank 17.7 per cent in the April-June quarter of 2020. These numbers are the lowest on record since Q1 of 1995. "After the significant decrease recorded in the first quarter (down 5.5 per cent), in the second quarter of 2020 the Italian economy suffered an unprecedented contraction...due to the full deployment of the (COVID-19) health emergency," the government agency which releases Italy's official statistics wrote in a note.

Canada

The GDP of Canada contracted by 13 per cent (as per CEIC) in the April-June quarter of 2020. The contraction was on account of fall in consumer spending, business investment, imports and exports due to COVID-19. The GDP contracted at a 38.7 per cent annualised rate in the given quarter.

Annualised rate is a rate for a period of less than a year. But, it is calculated as if it's a rate for a full year. In other words, it is an estimated rate of annual return that is extrapolated mathematically.

Germany

The GDP of Germany contracted during this year's April-June quarter by 11.3 per cent. It is the steepest since the country's statistical office began tracking quarterly economic data a half-century ago.

Japan

Japan's economy shrank a record 9.9 per cent in the April-June quarter of 2020 amid the coronavirus induced economic woes. It is the worst economic contraction for Japan since comparable data became available in 1980, eclipsing the brutal impact of the 2008 global financial crisis.

US

The US GDP shrank 9.1 per cent for the April-June quarter of 2020. This is the largest quarterly decline since the series began in 1947, even as the market expectations were much lower than the actual number. The GDP contracted at a 31.7 per cent annualised rate in the given quarter.

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News Network
December 6,2025

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New Delhi: IndiGo, India’s largest airline, faced major operational turbulence this week after failing to prepare for new pilot-fatigue regulations issued by the Directorate General of Civil Aviation (DGCA). The stricter rules—designed to improve flight safety—took effect in phases through 2024, with the latest implementation on November 1. IndiGo has acknowledged that inadequate roster planning led to widespread cancellations and delays.

Below are the key DGCA rules that affected IndiGo’s operations:

1. Longer Mandatory Weekly Rest

Weekly rest for pilots has been increased from 36 hours to 48 hours.

The government says the extended break is essential to curb cumulative fatigue. This rule remains in force despite the current crisis.

2. Cap on Night Landings

Pilots can now perform only two night landings per week—a steep reduction from the earlier limit of six.

Night hours, defined as midnight to early morning, are considered the least alert period for pilots.

Given the disruptions, this rule has been temporarily relaxed for IndiGo until February 10.

3. Reduced Maximum Night Flight Duty

Flight duty that stretches into the night is now capped at 10 hours.

This measure has also been kept on hold for IndiGo until February 10 to stabilize operations.

4. Weekly Rest Cannot Be Replaced With Personal Leave

Airlines can no longer count a pilot’s personal leave as part of the mandatory 48-hour rest.

Pilots say this closes a loophole that previously reduced actual rest time.

Currently, all airlines are exempt from this rule to normalise travel.

5. Mandatory Fatigue Monitoring

Airlines must submit quarterly fatigue reports along with corrective actions to DGCA.

This system aims to create a transparent fatigue-tracking framework across the industry.

The DGCA has stressed that these rules were crafted to strengthen flight safety and align India with global fatigue-management standards. The temporary relaxations are expected to remain until February 2025, giving IndiGo time to stabilise its schedules and restore normal air travel.

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News Network
November 27,2025

Bengaluru, Nov 27: Karnataka Chief Minister Siddaramaiah’s camp is reportedly on alert as the Congress leadership tussle in the state intensifies, particularly amid speculation over the potential promotion of Deputy Chief Minister D.K. Shivakumar. Siddaramaiah is said to be in a “wait-and-watch” mode after admitting to “confusion” earlier this week and urging the party to “put a full stop” to it.

Sources say his supporters are ready to act if senior leaders — including party chief Mallikarjun Kharge, Sonia Gandhi, and Rahul Gandhi — give any indication of backing Shivakumar. If the party insists on a leadership change, Siddaramaiah’s camp has a list of alternatives, underscoring the deep rift between the two leaders. One possible candidate is Home Minister G. Parameshwara, a Siddaramaiah loyalist and influential Dalit leader.

The strategy was reportedly finalized at a meeting led by PWD Minister Satish Jarkiholi, another Siddaramaiah supporter, who stressed that Delhi leaders need to resolve the issue. Kharge and the Gandhis are expected to meet soon, after which Siddaramaiah and Shivakumar may be summoned to Delhi.

Shivakumar has largely stayed non-confrontational, publicly endorsing Siddaramaiah and downplaying speculation about his own ambitions. However, he has made pointed comments emphasizing the importance of honoring promises, directed at Siddaramaiah.

The feud traces back to the 2023 state election, when Siddaramaiah was chosen as Chief Minister while Shivakumar, who led the party’s campaign, was made Deputy CM and state party chief — a departure from the Congress’ usual “one post per person” rule.

There were also hints of a prior understanding that Siddaramaiah would step down midway through the term. As the halfway mark passed last week, Shivakumar-aligned lawmakers have ramped up pressure on the party for a leadership change, with Shivakumar himself hinting at stepping down as state party chief to pursue the top job.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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