Global ratings agency has slashed India's growth outlook due to the raging covid crisis. S&P now sees India growing only 9.8% vs 11% earlier and that is their

S&P Ratings slashes India's GDP forecast below 10% as covid crisis escalates rapidly

Global ratings agency has slashed India's growth outlook due to the raging covid&nbsp;crisis. S&amp;P now sees India growing only 9.8% vs 11% earlier and that is their moderate case assumption, in what the agency calls a 'severe' situation the recovery could falter further and India could possibly see only a 8.2% growth in the current year.&nbsp;
S&amp;P notes that "the pandemic is more than a year old and is only getting stronger. The severity of the crisis is challenging the country's fiscal settings, which were already weak before COVID struck" The rating agency also warns that&nbsp;India's&nbsp; banks continue to face high levels of systemic risk. In the moderate downside scenario, the Indian banking system's weak loans should remain elevated at 11%-12% of total loans.&nbsp;
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S&amp;P Ratings believes second #COVID wave may derail India's budding recovery. In the moderate case scenario, it assumes 1.2 percentage point hit to India's GDP in FY22 and in severe scenario, 2.8 percentage point hit to the GDP
Severe scenario holds that new infections peak in late June 2021
Severe&nbsp;scenario: Assume 2.8%age point&nbsp;hit to India's GDP in FY22
Severe&nbsp;scenario: See GDP at 8.2%&nbsp;for FY22 vs 11% forecast earlier

Global ratings agency has slashed India's growth outlook due to the raging covid crisis. S&P now sees India growing only 9.8% vs 11% earlier and that is their moderate case assumption, in what the agency calls a 'severe' situation the recovery could falter further and India could possibly see only a 8.2% growth in the current year. S&P notes that "the pandemic is more than a year old and is only getting stronger. The severity of the crisis is challenging the country's fiscal settings, which were already weak before COVID struck" The rating agency also warns that India's banks continue to face high levels of systemic risk. In the moderate downside scenario, the Indian banking system's weak loans should remain elevated at 11%-12% of total loans. S&P Ratings believes second #COVID wave may derail India's budding recovery. In the moderate case scenario, it assumes 1.2 percentage point hit to India's GDP in FY22 and in severe scenario, 2.8 percentage point hit to the GDP Severe scenario holds that new infections peak in late June 2021 Severe scenario: Assume 2.8%age point hit to India's GDP in FY22 Severe scenario: See GDP at 8.2% for FY22 vs 11% forecast earlier

Actress-turned-politician Smriti Irani has replaced her welcome drink with Kadha for a recent guest keeping the Covid-19 situation in mind. Thanking Sm

Actress-turned-politician Smriti Irani&nbsp;replaced her welcome drink with Kadha&nbsp;for her recent guest Maniesh Paul keeping the Covid-19 situation in mind.&nbsp;
Thanking Smriti&nbsp;Irani&nbsp;for a cup of Kadha,&nbsp;TV personality Maniesh Paul shared the special pictures from their meet &amp;&nbsp;praised Irani for being a warm host.&nbsp;
He also revealed that they only took off their masks just to click pictures.&nbsp;
Meanwhile, Smriti Irani&nbsp;also posted a picture&nbsp;on her&nbsp;Instagram story&nbsp;&amp; wrote&nbsp;'Kadha yukt, chinta mukt&nbsp;(Kadha in, worries out)' .

Just like all of us, Bollywood actor Abhishek Bachchan is also waiting for the Coronavirus pandemic to end. Speaking about his plans post Covid-19

Just like all of us, Bollywood actor Abhishek&nbsp;Bachchan&nbsp;is also waiting&nbsp;for the Coronavirus pandemic to end.&nbsp;
Speaking about his plans post Covid-19 during a&nbsp;recent live session, The Big Bull actor revealed that he plans to go on a long drive with&nbsp;Aishwarya Rai Bachchan&nbsp;and daughter Aaradhya Bachchan&nbsp;when the pandemic is over.&nbsp;
Recalling memories of their past outings, Junior Bachchan further added that he wants to spend time outdoors with his family when things are back to normal.
On the work front Abhishek&nbsp;Bachchan&nbsp;will next be seen starring in 'Dasvi'.

Alia Bhatt and rumored boyfriend Ranbir Kapoor's family came together to celebrate the Gangubai Kathiawadi actor's grandfather's 93rd birthday. Alia posted s

Alia Bhatt and boyfriend&nbsp;Ranbir Kapoor's family came together to celebrate the 93rd birthday of&nbsp;Gangubai Kathiawadi actor's grandfather.
Alia&nbsp;posted several pictures with her grandad on social media that also featured&nbsp;her&nbsp;mother&nbsp;Soni Razdan and sister Shaheen Razdan.&nbsp;
The picture also shows&nbsp;Neetu Kapoor, Riddhima Kapoor Sahni and Samara Sahni also attended the party along with Ranbir
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Actor Akshay Kumar's debut series 'The End', which was delayed due to the Covid-19 pandemic is all set to go on floors. According to a report in a leading d

Actor Akshay Kumar's debut series 'The End', which was delayed due to the&nbsp;Covid-19 pandemic is all set to go on floors.&nbsp;
According to a report in a leading daily, the producer of the series told media at a virtual press conference that the series is expected to go on floors by the end of this year or early next year.
Amazon Prime Video series 'The End' that was announced in 2019 is said to be an action-packed thriller series.
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Bollywood actress Kangana Ranaut, who moved the Bombay High Court on Tuesday for her passport renewal, has now dragged Aamir Khan into the controversy. Sharing a

Bollywood actor&nbsp;Kangana Ranaut, who moved the Bombay High Court on Tuesday for her passport renewal, has now dragged Aamir Khan into the controversy.&nbsp;
Sharing a screenshot&nbsp;of her Koo&nbsp;post on&nbsp;Instagram, where she&nbsp;slammed the&nbsp;Maharashtra government for allegedly harassing her, Kangana&nbsp;made a reference to Aamir's 'intolerance' remark from years ago.
She said that&nbsp;Aamir&nbsp;Khan was not tortured or harassed and no one held back his passport to stop his films or shoots when he&nbsp;offended the&nbsp;BJP&nbsp;government by calling India intolerant.
Meanwhile, Bombay High Court on Tuesday adjourned the hearing in the passport renewal case till June 25.

Veteran actor Neena Gupta has revealed in her autobiography 'Sach Kahun Toh' that how her close friend Satish Kaushik offered to marry her when she was pregna

Veteran actor Neena&nbsp;Gupta has revealed in her autobiography 'Sach Kahun Toh' her close friend Satish Kaushik offered to marry her when she was pregnant.&nbsp;
Sharing the&nbsp;lesser-known facets of her life, Neena&nbsp;revealed that when she was pregnant&nbsp;Satish Kaushik&nbsp;called her &amp; said if the child is born with dark skin she can tell everyone that it's his child &amp; no one will suspect a thing.&nbsp;
She said she had politely refused the offer but added that she found this offer so sweet that she had tears in her eyes.

'Baahubali' actor Tamannaah Bhatia is all set to host the first season of the Telugu version of the popular cooking reality show MasterChef India. Bhatia who

'Baahubali' actor&nbsp;Tamannaah Bhatia is set to host the first season of the Telugu version of the popular cooking reality show MasterChef India.
Tamannaah who will make her debut as a TV presenter with the show is expected to begin shooting next month.
Confirming the news, the actor issued a statement &amp; said she has been passionate about cooking and that she can't wait to treat herself to all&nbsp;the exotic culinary delights on set.

Actor Farhan Akhtar who earlier postponed his sports drama Toofan due to the surge in the Covid-19 cases in India has announced the new release date of t

Actor Farhan&nbsp;Akhtar&nbsp;who earlier postponed his sports drama 'Toofan'&nbsp;due to the surge in the Covid-19 cases in India has announced the new release date of the film.&nbsp;
Issuing a statement, Farhan&nbsp;revealed that the film which was earlier scheduled to release on May 21&nbsp;will now stream on Amazon Prime Video from July 16.
Directed by Rakeysh Omprakash Mehra, Toofan features&nbsp;Farhan in the role of a national-level boxing player. The film also stars Mrunal Thakur, Paresh Rawal, Supriya Pathak Kapur and Hussain Dalal.&nbsp;

Veteran actor Chandrashekhar who was best known for essaying the role of Arya Sumant in the popular TV serial Ramayan has passed away on Wednesday.

Veteran actor Chandrashekhar&nbsp;who was&nbsp;best known for essaying the role of Arya Sumant in the popular TV serial Ramayan&nbsp;passed away on&nbsp;Wednesday.
Confirming the news, his son and producer Ashok Shekhar told PTI&nbsp;that the&nbsp;98-year-old actor died&nbsp;due to age-related ailments at his home.&nbsp;
Chandrashekhar made his debut with 'Surang' in 1954 and went on to do films like 'Mastana',&nbsp;'Basant Bahaar', 'Kaali Topi Laal Rumaal' and 'Barsaat Ki Raat'&nbsp;among others.
He also appeared in important roles in films that featured renowned&nbsp;actors like&nbsp;Dilip Kumar, Dev Anand, Rajesh Khanna&nbsp;and&nbsp;Amitabh Bachchan.

Bollywood actor Alia Bhatt is all set to resume shooting for two of her much-awaited films, 'Gangubai Kathiawadi' & 'RRR'. Repo

Bollywood&nbsp;actor Alia&nbsp;Bhatt&nbsp;is all set to&nbsp;resume&nbsp;shooting for two of her much-awaited films, 'Gangubai Kathiawadi'&nbsp;&amp; 'RRR'.&nbsp;
Reports are Alia&nbsp;will begin shooting for Sanjay Leela Bhansali's&nbsp;'Gangubai Kathiawadi'&nbsp;from June 20 as only 2 days of schedule is left.&nbsp;
Alia&nbsp;will then&nbsp;move to Hyderabad for the shooting of SS Rajamouli&rsquo;s&nbsp;'RRR' that is likely to begin from July 1.

An old picture of composer-singer Himesh Reshammiya posing with singer Alka Yagnik is going viral on the internet. The picture shows Reshammiya wearing a checked shirt

An old picture of composer-singer Himesh Reshammiya posing with singer Alka Yagnik is going viral on the internet.
The picture shows Reshammiya wearing a checked shirt and trousers, while Yagnik&nbsp;can be seen in an orange salwar kameez.
Fans reacted and dropped comments on the throwback picture.
For the&nbsp;uninitiated, Himesh Reshammiya and Alka Yagnik have worked together on several tracks in a number of films like&nbsp;Teri Chunariya Dil Le Gayi&nbsp;from&nbsp;Hello Brother, Sanam Mere Humraaz&nbsp;from&nbsp;Humraaz&nbsp;and&nbsp;Aankhen Bandh&nbsp;from&nbsp;Aitraaz&nbsp;among others.&nbsp;

The Disco King of India, actor Mithun Chakraborty turns 71 on Wednesday. Mithun, who made his Bollywood debut with 'Mrigayaa' in 1976, shot to fame with

The Disco King of India, actor&nbsp;Mithun Chakraborty&nbsp;turned 71 on Wednesday.
Mithun, who made his Bollywood debut with 'Mrigayaa'&nbsp;in 1976, shot to fame with the 1982 film&nbsp;Disco Dancer, which was a huge commercial success not only in India but also in the erstwhile Soviet&nbsp;Union
From films to&nbsp;television shows, Mithun in a career spanning almost four decades has appeared in more than 356&nbsp;films.
In recent years he has been seen as a Grand Master in a dance reality show 'Dance India Dance'.
Mithun has also won numerous accolades, including three National Film Awards.

Actor Vidya Balan said that her latest drama 'Sherni' is an ode to countless women who navigate their way and overcome several challenges, sometimes even without making

Actor Vidya Balan said that her latest drama 'Sherni' is an ode to countless women who navigate their way and overcome several challenges, sometimes even without making any noise.
Balan who plays an upright forest officer tasked to resolve the man-animal conflict, said the film is a representation of women of all kinds, who are striving to make a change.
The 42-year-old actor said there's a 'sherni' in each Indian home and the film is her salute to all of them.
'Sherni' is set to stream on Amazon Prime Video on June 18.

As the Oscar-nominated film 'Lagaan' clocked in 20 years of its release, Aamir Khan shot a special video for his fans. The superstar thanked everyone involved in the m

As the Oscar-nominated film 'Lagaan' clocked in 20 years since&nbsp;its release, Aamir Khan shot a special video for his fans.
The superstar thanked everyone involved in the making of the film including fans and cinema enthusiasts for all the love they showered on 'Lagaan'.
Aamir is seen dressed as an army officer in the video as he was shooting for his upcoming film 'Laal Singh Chaddha'.
In the heartfelt message, the actor mentioned that while they faced several challenges in its making, it also brought them much happiness, memories and relationships.

The Bombay high court on Tuesday refused an urgent hearing of Bollywood actor Kangana Ranaut’s plea seeking directions to the authorities to renew her passport.

The Bombay high court on Tuesday refused an urgent hearing of Bollywood actor Kangana Ranaut&rsquo;s plea seeking directions to the authorities to renew her passport.
Calling the application vague, the court said Ranaut was not vigilant enough to mention all details and that she also did not include the authorities as a party.
The court allowed her to amend the application and posted the hearing in the matter on June 25.
Kangana Ranaut had asked directions to renew her passport as she needs to travel to Hungary this month for the shooting for her upcoming film 'Dhakkad'.

‘Naagin 3’ actor Pearl V Puri has been granted bail. Pearl’s lawyer confirmed that he has been granted bail by the Vasai Sessions Court.&n

&lsquo;Naagin 3&rsquo; actor Pearl V Puri has been granted bail after being arrested in an alleged rape case.&nbsp;
Pearl&rsquo;s lawyer confirmed that he has been&nbsp;granted bail by the Vasai Sessions Court.&nbsp;
The actor was arrested under the POCSO act after an FIR was filed against him for allegedly sexually assaulting a minor girl.&nbsp;

Actors Salman Khan, Farhan Akhtar, and filmmaker Zoya Akhtar is all set to team up for the first time to produce a documentary on the life of the celebrated s

Actors Salman Khan, Farhan Akhtar, and filmmaker&nbsp;Zoya Akhtar&nbsp;are all set to team up for the first time to produce a documentary on the life of the celebrated screenwriter duo, Salim Khan and Javed Akhtar.
According to a report in Pinkvilla, the documentary&nbsp;has been officially titled 'Angry Young Men&rsquo; and it will show the duo's contribution to&nbsp;Hindi&nbsp;cinema.&nbsp;&nbsp;
The report further adds that&nbsp;docu-drama will not just give fans a glimpse at how the two changed the positioning of writers in Bollywood&nbsp;but will also show&nbsp;the fallout of the two legends.

Director Anil Sharma walked down the memory lane as his 2001 hit film 'Gadar Ek Prem Katha' turns 20 on Tuesday. Speaking about the film's iconic sequence in whic

Director Anil Sharma&nbsp;walked down the memory lane as his 2001 hit film 'Gadar Ek Prem Katha' turns 20 on Tuesday.
Speaking about the film's iconic sequence in which Sunny Deol uprooted a hand pump, the filmmaker said that intellectuals failed to understand the emotions behind the scene and&nbsp;felt it was 'too far-fetched'. He said the scene represented an outburst of emotion and that it was symbolic.&nbsp;
The filmmaker also said that the India-Pakistan sentiment may have been an important part, but not the only factor that contributed to the success of the film.&nbsp;
The filmmaker also revealed that while making the film he knew that it&nbsp;would become India's Titanic and it did become one.&nbsp;

Bollywood actor Akshay Kumar's much-awaited 'Bell Bottom' is all set to hit theatres on July 27. Sharing the news with fans on social media handle

Bollywood&nbsp;actor Akshay&nbsp;Kumar's&nbsp;much-awaited 'Bell Bottom' is all set to hit theatres on July 27.&nbsp;
Akshay&nbsp;posted a short teaser of Bell Bottom as he informed fans about the release date. He also said&nbsp; he couldn't be happier to announce that their film will have a worldwide release.&nbsp;
Directed by Ranjit M Tewari, the film also stars&nbsp;Vaani&nbsp;Kapoor, Huma&nbsp;Qureshi, Lara Dutta&nbsp;and&nbsp;Adil Hussain&nbsp;in key roles.&nbsp;
'Bell Bottom' is a spy thriller that will see&nbsp;Akshay&nbsp;playing the role of a RAW agent. The film is based on the plane hijacks that took India by storm in the early 1980s.&nbsp;

Bollywood screenwriter Kanika Dhillon has slammed writer-director, Navjot Gulati, after he claimed that her personal relationship’ in the prod

Bollywood&nbsp;screenwriter Kanika Dhillon&nbsp;has slammed writer-director, Navjot Gulati,&nbsp;for claiming that she got&nbsp;a separate writer's credit slate in the recently released trailer of Taapsee Pannu's&nbsp;'Haseen Dillruba' because her husband is a producer of the movie.
Calling out Navjot's sexist&nbsp;remarks, Kanika&nbsp;took to Twitter &amp; wrote&nbsp;that she is&nbsp;quite shocked by his 'extremely sexist, misogynist&nbsp;&amp; idiotic commen't.&nbsp;She further added that she won't list down her body of work as his pea-sized brain might not be able to process a successful woman making it on her own.
Meanwhile,&nbsp;Taapsee&nbsp;Pannu&nbsp;came out in support of the&nbsp;screenwriter &amp; pointed out that a progressive call to credit a writer was turned into a sexist rant by age-old misogyny.

After getting 'Maa' inked on his wrist, Bollywood actor Arjun Kapoor has got another tattoo on his arm. The words read 'Per Ardua Ad Astra' which means 'through adversi

This is what Arjun Kapoor got inked on his arm

After getting 'Maa' inked on his wrist, Bollywood actor Arjun Kapoor has got another tattoo on his arm. The words read 'Per Ardua Ad Astra' which&nbsp;means 'through adversity to the stars' in Latin.
He explained the reason behind&nbsp;getting the second&nbsp;tattoo as,&nbsp;"It's primarily because I feel the greatest achievements come out of being pushed against the wall and that is when you rise to the occasion and are able to pull off things that even you did not imagine. That's what life is about, at the end of the day, you outdo limits and people's expectations."

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Bollywood

Why did Smriti Irani serve kadha to TV presenter Maniesh Paul?

Abhishek Bachchan reveals his plans with Aishwarya Rai after pandemic is over

Ranbir Kapoor attends Alia Bhatt's grandfather's birthday bash, see pics

Akshay Kumar's debut series 'The End' for Amazon Prime Video set to go on floors

Kangana Ranaut drags Aamir Khan's 'intolerant remark' in her passport renewal row

Neena Gupta on Satish Kaushik's offer to marry her, says 'had tears in my eyes'

'Baahubali' star Tamannaah Bhatia to host MasterChef Telugu, says this

Farhan Akhtar's 'Toofan' will release on Amazon Prime Video on this date

Veteran actor Chandrashekhar, of 'Ramayan' fame, dies at 98

Alia Bhatt set to resume 'Gangubai Kathiawadi' & 'RRR' shoots

Himesh Reshammiya, Alka Yagnik's old photo goes viral

Disco King Mithun Chakraborty turns 71, a look at his journey in Bollywood

Vidya Balan: 'Sherni' is my salute to countless women who are invisibilised

'Lagaan' clocks in 20 years: Aamir Khan shares heartwarming message for fans

Bombay HC refuses Kangana Ranaut’s plea on passport renewal, says 'application vague'

‘Naagin 3’ actor Pearl V Puri granted bail in alleged rape case

'Angry Young Men': Salim Khan-Javed Akhtar's documentary gets a title

Gadar turns 20: director says intellectuals did not understand iconic hand pump scene

Akshay Kumar's 'Bell Bottom' to hit theatres on this date

Taapsee Pannu backs Kanika Dhillon as she slams Navjot Gulati for his 'sexist' remark

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