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Covid19 again to affect Economic activities. Pixabay

The restrictions and partial lockdowns in several states and cities amid rising Covid-19 cases are likely to impact economic activities in the current quarter (April-June), according to a Goldman Sachs report.

It said that the containment restrictions are likely to be more targeted with impact on specific services such as food and beverages, leisure and recreation, and transport, but with limited spillovers into other sectors such as construction and manufacturing.

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“While these restrictions are likely to hit activity in Q2, we think the activity is likely to rebound sharply from Q3 onwards as containment policies normalize,” it said. “Consequently, our economists have revised down their overall CY21 real GDP growth forecast to 10.5 percent (from 10.9 percent previously) but remain above the consensus forecast of 9.4 percent.”

ALSO READ: Indian Job Economy Gearing Up For an Uptick in Hiring: Naukri Hiring Outlook Survey

It also said that the domestic fiscal policy and government spending are likely to continue supporting growth in the coming months.

Globally, Goldman Sachs’ economists remain optimistic about a rebound in global economic activities and expect very strong GDP growth in 2021. A strong recovery in global growth provides a supportive backdrop for India’s macro and cyclical recovery too, it said. (IANS/SP)



Robots evolve to do more work around us

As robots evolve to do more work around us, the UK-based humanoid robot manufacturer Engineered Arts has infused more human-like facial expressions into one of its robots, which may leave you with an eerie feeling.

In a video posted on YouTube, the robot called 'Ameca' displays various human expressions, like appearing to "wake up" from sleep, as its face shows confusion and frustration when it opens its eyes.

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The Microsoft office

Microsoft has disrupted the activities of a China-based hacking group, gaining control of the malicious websites the group used to attack organisations in the US and 28 other countries around the world.

The Microsoft Digital Crimes Unit (DCU) said in a statement that a federal court in Virginia granted its request to seize websites of the hacking group called 'Nickel', enabling the company to cut off Nickel's access to its victims and prevent the websites from being used to execute attacks.

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MediaTek's plans to boost technology democratisation and enable access to disruptive connectivity

Chip manufacturer MediaTek on Monday announced that it is focused on making 2022 a year aimed at rapid growth, business success, substantial expansion in Research and Development capabilities.

MediaTek's plans to boost technology democratisation and enable access to disruptive connectivity with its range of mainstream to flagship 5G chips.

"We at MediaTek are focused on making 2022 a year aimed at rapid growth, business success, and substantial expansion in our R&D capabilities. For 2022, we are focused on further strengthening our presence in India, offering incredible experiences to customers, and supporting the country's technology initiatives with our expertise and collaboration with leading OEMs," Anku Jain, Managing Director, MediaTek India said in a statement.

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In the flagship segment, MediaTek recently announced the Dimensity 9000 chip, which is a milestone of innovation and a rise to the incredible, built-to-power flagship 5G smartphones in the world, the company claims.

MediaTek Dimensity 9000 features a single Cortex-X2 performance core clocked at 3.05GHz, three Cortex-A710 cores at 2.85GHz and four Cortex-A510 efficiency cores at 1.8GHz.

It packs a 10-core Arm Mali-G710 that takes care of graphics processing, the report said.

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