The GDP data, announced on Friday, indicate that the Indian economy continues to be very weak. The second advance estimates for the current fiscal year keep real GDP growth at 5 percent, the same as in the first advance estimates. But there’s a twist -- the GDP growth rate for 2018-19 had been revised down from 6.8 percent to 6.1 percent. So the second advance estimate’s 5 percent growth rate is on top of a 6.1 percent growth, while the first advance estimates 5 percent growth rate was on top of a 6.8 percent growth. In other words, growth is now estimated to be weaker than earlier. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
However, being an advertising company, Facebook is dependent on overall economic growth. And with recessionary fears looming large, big corporates are expected to cut their advertising spends. With that said, Facebook caters to a varied audience, consisting of both small and big advertisers, some of whom have not been impacted by coronavirus just yet. … [Read more...] about As coronavirus halts US stocks’ rally, can FAANG offer safe place to investors?
A goal we looked at in depth recently was meditation. We researched the people that were failing at meditation and the people succeeding at meditation. The people that were succeeding were like, “Well, I just started with two or three minutes a day and my mind was a complete mess but that’s okay.” People that were telling us that they were failing were telling us, “I just sat down for only 30 minutes, but I couldn’t keep my mind clear, so maybe meditation’s not cut out for me.” … [Read more...] about Why Successful Habits Are About Structure, Not Effort
So how can you measure grit? As Maria Popova notes at Brainpickings.org, one way was a “deceptively simple” test called a Grit Scale, which asks how much you self-identify with statements such as “I am a hard worker” to “New ideas and projects sometimes distract me from previous ones.” … [Read more...] about To Be Successful, Grit Is A Most Valuable Asset
The other adage about central banks used to be that they would withdraw the punch bowl just as the party got going. These days, nobody drinks punch and central banks in the advanced economies have injected the equivalent of crack cocaine into the markets via ultra-low and negative interest rates and quantitative easing programmes. Whenever this drug-fuelled party seems to be ending, the Fed has been quick to assure the market the cocaine supply will continue. The worry for the markets this time was that Powell was made of sterner stuff than his predecessors, a fear that sent the markets plunging. At the roundtable on January 4, Powell read from a prepared script aimed at assuaging the market’s fears. The markets heaved a huge sigh of relief. … [Read more...] about Opinion | Central banks’ ride to rescue the markets once again