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EXPERT ANALYSES: ECONOMIC RECOVERY PROSPECTS HAVE GONE FROM BAD TO WORSE STATE OF THE ECONOMY - Economy to contract 9 pc in FY21: S&P - Economy to contract by 9% in FY2020-21; strong recovery in FY22: ADB - Wholesale inflation rises to 0.16 % M-oCIVIL AVIATION - 6.6 mn white collar professional jobs lost during May-August: CMIE POLICY INITIATIVES - National strategy on artificial intelligence AUTOMOBILES - Setback to ‘Make in India’ programme: high taxes CIVIL AVIATION - Revenues fall by 85.7% in April-June period due to COVID-19 MONEY AND BANKING - Government to infuse Rs 20,000 crore in state-run banks DISINVESTMENT - 20 CPSEs, units in pipeline for strategic sale ECONOMIC NOTES

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