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IMF chief Kristalina Georgieva


Davos, Jan 24 :  IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the momentum to improve going ahead.

Speaking here at the WEF 2020, she also said the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019.

She said the factors driving this positive momentum include receding trade tension after the US-China first phase trade deal and synchronised tax cuts, among others.

She, however, said a growth rate of 3.3 per cent is not fantastic for the world economy.

"It is still sluggish growth. We want fiscal policies to be more aggressive and we want structural reforms and more dynamism," the managing director of the International Monetary Fund (IMF) said.

On emerging markets, she said they are also moving forward.

"We had a downgrade in one large market India but we believe that's temporary. We expect momentum to improve further going ahead. There are also some bright spots like Indonesia and Vietnam," she noted.

She further said a number of African countries are doing very well, but some other nations like Mexico are not.

On risks ahead for the global economy, the IMF chief listed factors like weakness in long-term productivity growth and low inflation.

"We are living in a more risk-prone world. It is only January and there have been events that are sparking risks for the global economy," she added.
Donald Trump


Davos, Jan 22 :  US President Donald Trump said on Wednesday he would have loved to have met Swedish environment activist Greta Thunberg at Davos but added that she should not focus her anger on the United States.

"I would have loved to have seen her," Trump told reporters before leaving the luxury Swiss resort, while claiming that countries other than the United States were the worst polluters and "Greta ought to focus on those places".

Trump had launched an extraordinary attack on environmental campaigners in a speech to the World Economic Forum (WEF) on Tuesday, saying they were "perennial prophets of doom" and the "heirs of yesterday's foolish fortune tellers".

Thunberg sat quietly through the speech and was unrepentant in later remarks. "Our house is still on fire," she said.

Trump denied he thought global warming was a hoax, saying: "No not at all -- I think aspects of it are." He said campaigners had put global warming "at a level that is unrealistic" to the point where people cannot live their lives.

Also speaking at Davos, US Treasury Secretary Steven Mnuchin defended the administration's policies, saying its views had been misinterpreted.

"The US administration believes in clean air and clean water. This is a very complicated issue. We support a clean environment we just think it can be done in a way that is pro-business," he said.
Deepika Padukone


Davos, Jan 21 :  Actor Deepika Padukone on Monday said people must understand depression and anxiety are like any other illness and can be treated and her own experience has encouraged her to work for this cause.

"My love and hate relationship with this has taught me a lot and I want to tell everyone suffering from this that you are not alone," she said while recalling her own struggle with depression and mental illness.

"One trillion dollars is the estimated impact of depression and mental illness on the world economy," she said while receiving the annual Crystal Award here on the first evening of the World Economic Forum (WEF) Annual Meeting 2020.

"In the time it has taken me to accept this award, the world has lost one more person to suicide," she said.

"Depression is a common yet serious illness. It is important to understand that anxiety and depression is like any other illness and treatable. It was experience with this illness that encouraged me to set up Live Love Laugh," she said while talking about the foundation she has set up for this cause.

Padukone was given the award for her leadership in raising mental health awareness -- which she did by going public with her own experience with anxiety and depression.

Motivated by her own experience, she set up her foundation to provide awareness programs in schools in India, funding for free psychiatric treatment, medical education programs, public awareness campaigns and more.


Geneva, Feb 21 :  China and the US may be the largest producers of coal power, but power plants in India take the highest toll in the world when it comes to health, a global study claims.

Coal-fired power plants produce more than just carbon dioxide, which contributes to global warming, said researchers from ETH Zurich in Switzerland.

Coal burning also releases particulate matter, sulphur dioxide, nitrogen oxide and mercury -- thus damaging the health of many people around the world, they said.

To estimate where action is most urgently required, the researchers modelled and calculated the undesired side effects of coal power for each of the 7,861 power plant units in the world.

The results, published in the journal Nature Sustainability, show that China and the US are the two largest producers of coal power, but power plants in India take the highest toll in the world when it comes to health.

Central Europe, North America and China all have modern power plants, but Eastern Europe, Russia and India still have many older power plants equipped with insufficient flue gas treatment, said Stefanie Hellweg from ETH Zurich's Institute of Environmental Engineering, who led the study.

As a result, these power plants only remove a fraction of the pollutants -- while also often burning coal of inferior quality.

"More than half of the health effects can be traced back to just one-tenth of the power plants. These power plants should be upgraded or shut down as quickly as possible," said Christopher Oberschelp, the lead author of the study.

The global picture of coal power production shows that the gap between privileged and disadvantaged regions is widening. This is happening for two reasons.

Firstly, wealthy countries -- such as in Europe -- import high-quality coal with a high calorific value and low emissions of harmful sulphur dioxide.

The poorer coal-exporting countries such as Indonesia, Colombia and South Africa are left with low-quality coal, which they often burn in outdated power plants without modern flue gas treatment to remove the sulphur dioxide.

"In Europe, we contribute to global warming with our own power plants, which has a global impact. However, the local health damage caused by particulate matter, sulphur dioxide and nitrogen oxide occurs mainly in Asia, where coal power is used to manufacture a large proportion of our consumer products," said Oberschelp.

"Global coal resources will last for several hundred years, so the harmful emissions need to be limited politically. It is particularly important to leave coal that is high in mercury and sulphur content in the ground," said Oberschelp.

Researchers said reducing the negative health effects of coal power generation should be a global priority.

"But further industrialisation, especially in China and India, poses the risk of aggravating the situation instead," they said.

The initial investment costs for the construction of a coal power plant are high, but the subsequent operating costs are low. Power plant operators thus have an economic interest in keeping their plants running for a long time, according to researchers.

"The best option is therefore to not build any new coal power plants. From a health and environment perspective, we should move away from coal and towards natural gas -- and in the long term, towards renewable energy sources," said Oberschelp.               [Agencies]

Hyderabad, Nov 4: A prestigious International Conference on Urban Mobility, which is being attended by delegates from 36 countries, was inaugurated at an impressive function by Vice President M Venkaiah Naidu at Hyderabad International Convention Centre (HICC), here today.
Telangana Deputy Chief Minister Mohammad Mahmood Ali was among the dignitaries who
attended the inaugural session.
The three-day conference will discuss road safety, transit-oriented development and introduction of train services in Hyderabad. The authorities of the host city will also have an opportunity of learning from the experts of 86 countries assembled from different parts of the world.
Case studies of foreign cities including Boudeau and Lyan (France), Lausannes (Switzerland), Lisbon (Portugal), Gaudalajara (Mexico), Curitiba (Brazil), Cape Town (South Africa), Santiago (Chile) and Constantine (Algeria) among others will be discussed.
Indian case studies pertaining to several cities in the country besides transport planning for Maha Kumbh Mela in Allahabad to be held in 2019 will also be presented. Nine leading transport technology and service providers will display the latest technologies for better roads.
Two special sessions for Mayors and Mnicipal Councillors from five southern cities will also be convened as part of the conference being attended by 1,000 delegates including 150 experts. UNI

RIGA, Sep 4: Switzerland eased to their eighth straight win in World Cup qualifying, even affording themselves the luxury of a missed penalty, as they won 3-0 away to bottom side Latvia on Sunday.
Haris Seferovic broke the deadlock early on, Blerim Dzemaili missed a penalty but later scored before the Swiss were awarded another spot kick, this time converted by Ricardo Rodriguez.
The Swiss have a maximum 24 points in Group B, three ahead of Portugal although they still have to visit the European champions for a showdown in Lisbon in their final game.
Portugal, who beat 10-man Hungary 1-0 away, have a vastly superior goal difference.
Seferovic opened the scored with an untidy effort in the ninth minute as he turned Stephan Lichtsteiner's cross towards goal and the ball bounced off the post and then goalkeeper Andris Vanins before trickling over the line.
Switzerland quickly won a penalty when Kaspars Gorkss brought down Admir Mehmedi but Dzemaili missed from the spot.
Dzemaili then squandered another good chance by side-footing wide from Mehmedi's cross but finally scored when he collected Seferovic's pass and rounded Vanins in the 55th minute.
Three minutes later, Mehmedi was felled by Aleksandrs Solovjovs and Rodriguez made no mistake with the penalty.
Dzemaili completed an eventful match by hitting the post. REUTERS