Newspaper Headlines: World Food Programme Wins Nobel Peace Prize 2020; RBI Projects 9.5% GDP Fall
The United Nations food agency, the World Food Programme (WFP), won the Nobel Peace Prize on Friday for its efforts to combat hunger and improve conditions for peace in areas affected by conflict. Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high inflation.
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India could see its worst recession ever this financial year with the economy contracting by 9.5%, the Reserve Bank of India's Monetary Policy Committee (MPC) predicted in its first projection for economic growth since the Covid-19 pandemic broke out in March. The committee left the key interest rate unchanged at 4%.
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The United Nations' World Food Programme on Friday won the 2020 Nobel Peace Prize for its efforts to combat hunger and food insecurity around the globe. The organisation provided assistance to almost 100 million people in 88 countries around the world last year.
