International News
World Bank cuts India’s GDP growth forecast to 8.3% from 10.1% for 2021-’22
The World Bank on Tuesday slashed India’s GDP (Gross Domestic Product) growth rate forecast for the fiscal year 2021-22 to 8.3 percent from 10.1 percent earlier. It has said that the most dangerous second wave of the Covid-19 epidemic has hurt economic revival. The lending multilateral institution has projected the economic growth rate to be 7.5 percent in 2022-23.
The World Bank, in a new edition of the report titled Global Economic Prospects, has said that India was witnessing a rapid revival in the second half of 2020-21, especially in the services sector, but the second wave of the Covid-19 pandemic affected it. have been adversely affected.
According to the institute, ‘India had the most severe wave of any country since the beginning of the epidemic and this adversely affected the economic revival.’ While there was an increase of 4 percent in 2019-20.
According to the report, policy support, including higher expenditure on infrastructure, rural development and health, and a higher-than-expected revival in services and manufacturing will accelerate activities. In the estimates for the financial year 2021-22, the damage to the economy due to the second wave of Covid-19 and the restrictions imposed from March 2021 for its prevention has been taken into account.
“The pandemic will have an adverse impact on consumption and investment as confidence is already weak and books have been adversely affected,” the report said. The growth rate is expected to slow down to 7.5 percent in the financial year 2022-23. This reflects the cascading impact of COVID-19 on households, companies and banks’ books, weakening customer confidence and uncertainty in employment and income.
News Source: Scroll.in
Web Series
HBO defends JK Rowling’s involvement in Harry Potter series despite problematic stance on transgender community
JK Rowling, whose Harry Potter book franchise gave Warner Bros a blockbuster film franchise, is also associated with its upcoming HBO series.
JK Rowling has remained decidedly steadfast on her controversial stance on the transgender community. In a statement to Variety, HBO explained why the author is still involved in its upcoming series on Harry Potter despite her problematic gender politics. (Also Read: This Oscar-nominated actor lost out on Luna Lovegood role in Harry Potter, says how it ‘stayed with me over the years’)
What HBO said
“We are proud to once again tell the story of Harry Potter — the heartwarming books that speak to power of friendship, resolve and acceptance. JK Rowling has a right to express her personal views. We will remain focused on the development of the new series, which will only benefit from her involvement,” HBO’s statement stated.
It also added that its parent company Warner Bros “been working with JK Rowling and in the Harry Potter business for over 20 years” and “her contribution has been invaluable.” The report also states that HBO chief Casey Bloys informed the media at an event on November 12 that JK Rowling was “very, very involved in the process selecting the writer and the director,” and her anti-trans statements “haven’t affected the casting or hiring of writers or productions staff.”
A couple of days before that, Rowling had shared a screenshot of a tweet by an X user who wrote, “My disappointment is immeasurable and my day is ruined” when the author had revealed that she’s “very involved” in the Harry Potter series. Rowling wrote along with the screenshot, “I’ve only just seen this response to me saying I’m very involved in the Harry Potter TV show and I think I’ve pulled something laughing.”
About Harry Potter series
Warner Bros launched an open casting call for the leads Harry, Hermoine and Ron, who were played by Daniel Radcliffe, Emma Watson and Rupert Grint, respectively, in the eight-part movie franchise.
The series will most likely go ahead with newcomers for the top three characters and mix it with veterans for the adult cast, like the movie franchise, which featured Richard Harris as Dumbledore and roped in Michael Gambon after his death. Late star Maggie Smith played Professor McGonagall, and Alan Rickman starred as Professor Snape.
Mark Rylance, 64, who won an Academy Award for best supporting actor in 2016 for his work in Steven Spielberg’s Bridge of Spies, is reportedly at the top of the casting wishlist to play Dumbledore in the Harry Potter series.
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