Service sector global economy

Video Player Close BEIJING, Feb. 28 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 51.4 in February, down from 52.4 of January, the National Bureau of Statistics (NBS) said Sunday. A reading above 50 indicates expansion, while a reading below it reflects contraction. In February, the sub-index for business activities in the services sector stood at 50.8, dropping from 51.1 in January. This indicated China's services sector continued to expand, yet at a slower pace, said Zhao Qinghe, senior statistician at NBS, while analyzing the February reading. In breakdown, consumption-related segments such as retail sales, catering and entertainment logged increases in business activities, Zhao said. The sub-indexes for business activities in telecommunications and satellite transmission as well as financial services came in at above 58, indicating steady growth of business volume in these areas, according to Zhao. Sunday's data ... » Learn More about China’s non-manufacturing PMI falls in February

Policy pre-requisites for corporate earnings growth are being ignored T he fourth quarter of the last financial year, 2014-15, was an unmitigated disaster for Indian companies. Even after adjusting for extraordinary items, profits for the universe of the top 1,600 companies listed on the stock exchanges shrank by 19 per cent year on year. Profit growth for the blue chips on the Nifty was not very different; for the Sensex, the fall was around nine per cent. (All these numbers, and those that follow, exclude banks and financial companies, as is the convention. They are also marginally sensitive to exactly how you account for one-time write-offs, and so on.) Over the entire financial year, Sensex companies recorded no profit growth -- the first time that’s happened in a decade and half, if you exclude the crisis year of 2008-09. We’re in the middle of the season in which results are declared for the first quarter of this financial year, 2015-16, and the early news is not ... » Learn More about Indian economy recovering? But where and how

LONDON : The UK's vaccination programme against Covid-19 enters a new phase on Sunday as the National Health Service ( NHS ) will begin contacting all over-60s to book their jabs at the nearest vaccination centre or with a general practitioner (GP) or pharmacy. Almost 2 million people aged 60 to 63 will be invited after over 64s had been covered in the previous phase and letters will start arriving from Monday explaining how they can make an appointment for the jab. They follow more than three in four people aged 65 to 70 taking up the offer of a vaccination and nearly 17 million people across England , over a third of the adult population, having received the “life-saving jab”. “Our incredible vaccination programme is accelerating and well over one in three people across the UK have now received their first jab,” said Nadhim Zahawi, UK Vaccine Deployment Minister. “We are now inviting those aged 60 to 63 to receive their vaccines and I urge everybody to come ... » Learn More about UK Covid-19 vaccine rollout expands to over-60s in latest phase

For Quick Alerts Subscribe Now 'Farmers not traitors, Red Fort violence orchestrated by BJP': Arvind Kejriwal View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Narendra Modi Rahul Gandhi dubs PM Modi a ''formidable enemy,'' vows to defeat him #Narendra Modi PM Modi congratulates Brazilian president on successful launch of Amazonia-1 satellite #Narendra Modi 'Catch the rain': PM Modi pitches for water conservation ahead of summer #Narendra Modi 'Mann Ki Baat': Self-reliance invokes national spirit, says PM Modi #Narendra Modi Congress leader Rahul Gandhi slams PM Modi over Sino-India standoff #Narendra Modi Rs 20 crore for Regional Centre for empowerment of physically challenged in Tripura: Thaawar Chand Gehlot Just In 21 min ago Rahul Gandhi dubs PM Modi a ''formidable enemy,'' vows to defeat him 36 min ago 'Farmers not ... » Learn More about ‘Regret not learning Tamil’: PM Modi on Mann Ki Baat

LUCKNOW: A total of three returnees from the United Kingdom, who arrived in Uttar Pradesh's Meerut recently, tested positive for COVID-19. Reports stated that all the three passengers, members of the same family, returned from London on December 14. All three returnees are feared to be carrying the new strain of coronavirus, said a source. Meanwhile, Health Department officials also fear that the three foreign returnees may be infected by the new variant of the virus that was detected in the UK. On December 25, 63 new positive cases of Coronavirus was reported in Meerut alone, taking its total tally to 20,402. The death toll due to coronavirus in the city stands at 390 whereas the active cases is 1201, confirmed CMO. Also Read: Coronavirus impact: WHO lists out global health issues for 2021, check details Last week, a new strain of the coronavirus was first detected in the UK. As per the experts, this strain is more transmissible than other SARS-CoV-2 variants. ... » Learn More about Meerut family with UK travel history tests COVID positive, suspected to be carrying new UK variant

In view of the spike in COVID-19 cases in Pune, the Pune district administration on Sunday extended the night curfew and shutdown of schools till March 14. The essential services are exempted from the curfew. "COVID-19 restrictions imposed in the Pune city till February 28 have been extended to 14 March," said Murlidhar Mohol Mayor Pune. "No public movement except essential services will be allowed between 11 pm and 6 am," he added. In Pune, the total number of cases are 4,06,453, total recoveries are 3,87,527. The active cases in Pune till Saturday are 9860 while the death toll is at 9235. The State Health Department informed on Saturday that Maharashtra reported 8,623 new COVID-19 cases, 3,648 recoveries, and 51 deaths in the last 24 hours, The COVID-19 death toll reached 1,56,938 on Saturday with additional 113 deaths. Earlier Maharashtra Chief Minister Uddhav Thackeray had directed senior officials to take strict action against people or organisations ... » Learn More about Pune extends night curfew till March 14; schools to remain shut

A new and exciting field in astronomy to study exoplanets and gauge whether they possess conditions that will favour the presence and sustainability of life. In this quest, an important part is looking at our own celestial backyard to gain insights – hence the many missions to Mars and Venus probing for signs of past life. One thing that astronomers search for in exoplanets, in the so-called Goldilocks zone of habitability, is the existence of liquid water and an atmosphere like that on Earth. In this context it is believed by many that Mars once had such an atmosphere. The mechanism as to why it lost its atmosphere has remained in doubt. Scientists from Indian Institution for Science Education and Research (IISER) Kolkata suggest that it was the planet’s intrinsic magnetic dynamo which, by shielding its atmosphere from the sun’s solar wind, protected its atmosphere. When the magnetic dynamo switched off, the atmosphere slowly was eroded by the solar wind and eventually vanished, ... » Learn More about IISER Kolkata scientists simulate Mars on the computer, suggest how it lost its atmosphere

In the first administrative shuffle after the model code of conduct for the Assembly polls came into force in West Bengal, the Election Commission transferred Jawed Shamim, Additional Director General ( Law and Order) of West Bengal Police. Director General of West Bengal Fire and Emergency Services Jag Mohan, will be the new ADG ( Law and Order) and Mr. Shamim will take the role of DG, Fire and Emergency Services. Mr. Shamim was appointed ADG (Law and Order) only a few weeks ago by the State government. About 10 companies of Central Armed Police Forces (CAPF) have arrived in the State from Patna. The forces have been deployed in Basirhat, Bongaon and Barasat areas of North 24 Parganas and parts of Kolkata. Eight additional companies of CAPF are likely to arrive from Assam for north Bengal. More than 20 companies of CAPF have already been deployed . A day after the Assembly election schedule for West Bengal was announced, campaigning in the State gathered momentum. ... » Learn More about EC shunts out top police official in West Bengal

Reiterating that only a two-state solution will deliver enduring peace that the people of Israel and Palestine deserve, India has said this should be achieved through direct negotiations between both sides on final status issues and any unilateral action which could prejudice these issues must be avoided. India’s Deputy Permanent Representative to the U.N. Ambassador K. Nagaraj Naidu said on Feb. 26 at the U.N. Security Council meeting on ‘The situation in the Middle East, including the Palestinian question’ that New Delhi reaffirms its support to the Palestinian cause and the establishment of a sovereign, viable and independent State of Palestine living side by side in peace and security with Israel. “We firmly believe that only a two-state solution will deliver enduring peace that the people of Israel and Palestine desire and deserve. This should be achieved through direct negotiations between both sides on final status issues. Both sides must avoid any unilateral action which ... » Learn More about Israel, Palestine must avoid unilateral action that could prejudice final status issues: India at U.N.

Indian apparel exporters have huge potential to tap in Mexico, according to Indian Ambassador to Mexico Manpreet Vohra. Speaking at a virtual business-to-business meeting organised by the Apparel Export Promotion Council, the Ambassador said bilateral trade between the two countries was on a rising trend. It grew 46 % to about $ 10 billion since 2014. “Mexico is now India’s largest trading partner in Latin America and the second largest in entire America after the U.S. and has overtaken Canada and Brazil. Our trade is also fairly well balanced with only about $1 billion in India’s favour,” Mr. Vohra said. The Ambassador said that one of the most important products in the bilateral trade was garments and textiles. India was among Mexico’s top suppliers in this segment. In 2019, Mexico imported $ 381 million worth of textiles and clothing products from India. However, Mexico imported over $10.7 billion worth of garments and textiles from all over the world in 2019. Even 2020 data ... » Learn More about Garment exporters urged to explore opportunities in Mexico