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UK economy set to grow faster than the US this year: Goldman Sachs


LONDON (Reuters) - Britain looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020, Goldman Sachs said on Sunday.
The bank said in a note to clients that it now expects British gross domestic product to grow by a striking 7.8% this year, above our expectations for the U.S.
A Reuters poll of analysts published on April 13 showed an average forecast for growth of 5.0% in the UK, the world s fifth-biggest economy in 2021. The International Monetary Fund has projected a 5.3% expansion.
But since those forecasts were made there have been signs of an acceleration in the pace of recovery with the country now having given a first coronavirus vaccine to more than half of its total population. ....

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Won't conduct NRC exercise in Bengal, CAA to be implemented: Vijayvargiya


Countering opposition claims that the BJP, if voted to power in Bengal, will update the National Register of Citizens (NRC), thereby taking away the citizenship rights of people , Kailash Vijayvargiya, the saffron camp s national general secretary, on Sunday reaffirmed that no such plan is on the radar.
He, however, stated that the party intends to implement the Citizenship Amendment Act (CAA) and provide rights to refugees who fled religious persecution in neighbouring countries and moved to India.
We are only looking forward to implementing the CAA after the elections, as promised in the manifesto. It is an important issue for us, as we strive to grant citizenship to the persecuted refugees. We do not have any plan of conducting the NRC exercise, even if we win the elections, he said. ....

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CPI inflation averages 3.9% during Oct 2016-Mar 2020, says report


The RBI can pat itself for nearly achieving the inflation targeting goal with the consumer price index averaging 3.9 per cent during October 2016-March 2020, as it races to review the monetary policy framework for the first time in five years, according to a report.
The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31 - the first review since it was tasked with a mandated inflation target of 4 per cent with a 2 per cent deviation either way in June 2016, when it adopted a flexible inflation targeting model.
Not only did the headline CPI inflation averaged closer to the target at 3.9 per cent during this period, inflation volatility, measured by its standard deviation, also declined to 1.4 during October 2016-March 2020 from 2.4 in 2012-16, BofA Securities said quoting the Reserve Bank of India data. ....

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