Connect with us

National

Over 7 pc growth, 2nd highest GST collection: Economic indicators augur well in poll season

Published

on

New Delhi, March 1 (IANS) While the world powers grapple to rev up their economies in the post-Covid phase, India is yet again turning out to be the ‘bright spot’, on the back of its impressive economic parameters and growth outlook.

India’s Gross Domestic Product (GDP) growth is slated to attain a new peak, sectors like manufacturing and automobiles have started looking up again, and the GST collections are attaining new highs. All these indicators augur well for the country’s growth and have also come as a major boost for the incumbent Narendra Modi government.

Political watchers see this as a “strong rallying point” for the Bharatiya Janata Party (BJP)-led government at the Centre as inclusive growth and economic upliftment have been its major poll planks.

Prime Minister Modi’s personal push for making growth one of the party’s main war cries in elections is a known fact and the numbers, from GDP to GST to inflation, are only adding to the party’s benefit.

ALSO READ:  BJP leader Surama Padhy elected unopposed as Odisha Assembly Speaker

The GDP estimates, released by the National Statistical Office on Thursday, saw India’s resilient growth in the Financial Year 2023-2024. It recorded real GDP growth in Q3 of FY 23-24 at a whopping 8.4 per cent, aided by double-digit growth in manufacturing and construction activities.

Overall, the economy is expected to grow above 7.6 per cent in the current financial year.

India Inc hailed the numbers and many saw it as India’s resurgence amidst a cloudy economic scenario.

The GST collections also recorded stellar growth. It saw robust growth of 12.5 per cent in February (year-on-year) and rose to record Rs 1.68 lakh crore, the second highest in a month. Gross GST collection for the year also increased by 11.7 per cent.

Moreover, vehicle sales set a new record of 4.1 million while inflation was logged at a three-month low of 5 per cent. On Friday, Sensex also breached new barriers and closed at an all-time high of 73,574.

ALSO READ:  Heavy rain in J&K: Four killed, over 350 families relocated

All these economic indicators show that the economy is on an uptrend and the country is headed for another phase of bullish growth.

Contrary to this, the Western counterparts are clocking “not very encouraging” numbers in terms of economy.

The ramifications of the Russia-Ukraine military conflict and the Israel-Hamas war are only pilling up and will only add more pressure on the already “burdened” economies.

India looks much in control, as compared to its Western and developed counterparts. But, naysayers do find a reason to count the country’s drawbacks and throw mud at the Centre.

Congress and other rival parties have gone to great lengths, berating the government on issues like unemployment, price rise, and farmers’ grievances while mobilizing support for regressive policies like the ‘Old Pension Scheme’ and caste-based Census.

Political pundits rightly find the reason behind the lacklustre opposition before the brand Modi.

“In today’s age, when PM Modi is hard-selling the $5 trillion economy dream to countrymen, Rahul Gandhi and his company (opposition leaders) are occupied with caste census. They have clearly failed to grasp the nation’s mood and don’t represent the aspirations of young India,” says one of them.

ALSO READ:  CM Sangma thanks PM Modi, FM Sitharaman for additional tax devolution fund to Meghalaya

–IANS

mr/sha

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National

Vice-President tears into Chidambaram over ‘part-timers’ jibe on new criminal laws

Published

on

By

Thiruvananthapuram, July 7 (IANS) Without taking name, Vice-President Jagdeep Dhankhar on Saturday hit out at Rajya Sabha MP P. Chidambaram over the latter’s comments that the three new criminal laws were drafted in the Parliament by ‘part-timers’, as he termed the Congress veteran’s remarks as an ‘inexcusable insult’ to the wisdom of the Parliament.

The new criminal laws, Bharatiya Nyay Sanhita (BNS), Bharatiya Nagarik Suraksha Sanhita (BNSS), and Bharatiya Sakshya Adhiniyam (BSA), replaced the Indian Penal Code (IPC), Code of Criminal Procedure (CrPC), and the Indian Evidence Act, respectively, with effect from July 1, 2024.

Taking strong exception to the ‘part-times’ jibe by the Congress MP, the Vice-President said that he was shocked beyond words to see such ‘irresponsible and wild’ remarks that part-timers have drafted the ‘new criminal laws’.

Chidambaram, who served as the Finance Minister in UPA I and UPA II regimes, said in an interview with The Indian Express that the three criminal laws which came into force from July 1 were drafted by ‘non-professional people’, who were ‘part-time members of a committee’.

ALSO READ:  ED attaches assets of Rohit R. Pawar, NCP-SP leader says will challenge action in court (Lead)

“Are we part-timers in Parliament? This is an inexcusable insult to the wisdom of the Parliament! I do not have words strong enough to condemn such kind of narrative being set afloat,” Jagdeep Dhankar said.

Addressing the 12th Convocation of the Indian Institute of Space Science and Technology (IIST) in Thiruvananthapuram on Saturday, the Vice-President told the audience that when he opened the newspapers this morning, he was shocked to see such a statement by an informed mind who has also been the Finance Minister of the country.

Vice-President Dhankar, who is also the Rajya Sabha Chairman, urged the audience to ‘be on guard’ over a deliberate narrative being floated by certain elements to ‘run down our nation, demean our institutions and also taint our progress’.

“When informed minds knowingly lead you astray, we need to be on guard,” he told the audience.

“With a heavy heart, I am sharing with you that the gentleman gave total rest to his vocal chords while the debate was going on in the Parliament on Nyaya Vidhan,” he added.

ALSO READ:  CM Sangma thanks PM Modi, FM Sitharaman for additional tax devolution fund to Meghalaya

Making an appeal to the Congress MP, he said, “Please withdraw these derogatory, defamatory, and highly insulting observations to the Members of the Parliament. I hope he does it.”

–IANS

mr/arm

Continue Reading

National

India well-positioned to be key global space player in coming years: Vice-President Dhankhar

Published

on

By

New Delhi, July 6 (IANS) Vice President Jagdeep Dhankhar on Saturday said India is well-positioned to be a key player in the global space sector in the coming years with its robust space programme and a growing pool of skilled professionals.

He said this while addressing the 12th Convocation of the Indian Institute of Space Science and Technology (IIST) – Thiruvananthapuram, Kerala.

The Vice President said that ambitious missions, groundbreaking discoveries, and steadfast commitment to scientific advancement define India’s journey in space exploration.

“In the field of space, our recent accomplishments have earned global accolades. In the year 2023, all seven launches of ISRO including Chandrayaan-3, and Aditya L-1, were successful,” VP Dhankhar said.

“A total of 5 Indian satellites, 46 foreign satellites, and 8 rocket bodies (including POEM-2) were placed in their intended orbits. All this just in one year,” he added.

He credited the achievements to the efforts of scientists at the Indian Space Research Organisation (ISRO), and said they “underscore India’s technical prowess and determination to explore the uncharted territories of space”.

ALSO READ:  UP Police intensify crackdown on criminals after elections

“It is because of ISRO only, that Bharat can proudly boast of being the world’s first country to successfully land Chandrayaan 3 on the south pole of Moon,” he said.

“ISRO has etched Shiv Shakti point (the landing site of Chandrayaan-3 on the moon) and Tricolour (the lunar surface where Chandrayaan-2 left its footprints) on the Moon. The moment will ever be etched in history and deeply embedded in our proud pleasant thoughts,” the VP said.

Further, he also mentioned India’s successful launch of the Mars Orbiter Mission (Mangalyaan), with which India became the first Asian country “to reach Martian orbit and the first in the world to do so in its maiden attempt”.

The VP noted that with each space mission — be it India’s first solar mission, Aditya-L1, or upcoming ambitious human spaceflight mission, Gaganyaan — India has been “propelled onto the global stage of space exploration”.

Speaking of the future, VP Dhankhar said that “the coming decades will witness an unprecedented surge in space exploration. India, with its robust space programme and a growing pool of skilled professionals, is well-positioned to be a key player in this exciting journey”.

ALSO READ:  CM Sangma thanks PM Modi, FM Sitharaman for additional tax devolution fund to Meghalaya

–IANS

rvt/svn

Continue Reading

National

NDA constituents scoff at Lalu Yadav's 'weak govt' charge

Published

on

By

New Delhi, July 6 (IANS) National Democratic Alliance (NDA) constituents on Saturday dismissed Rashtriya Janata Dal (RJD) president Lalu Prasad Yadav’s ‘weak’ Central government claims and asserted that the “stable Central government” will remain in power until 2029.

Emphasising that India will make “rapid progress” under the leadership of Prime Minister Narendra Modi, BJP leader Vivek Thakur dismissed Lalu Yadav’s statement and said that there is “no need to take his words seriously.”

“It’s an old habit of his to make such remarks, and there’s no need to take his words seriously. He is a veteran leader. We’ve been seeing for three decades that he keeps saying something or the other,” said the BJP leader, adding that the NDA’s “historic win” has led to forming a “stable” government at the Centre for the next five years.

Responding to RJD leader Tejashwi Yadav’s comments on law and order, Vivek Thakur criticised the Opposition, implying that “those associated with crime should not comment on such issues”.

ALSO READ:  Masjid Committee objects to survey of remaining Gyanvapi cellars

“Those who are synonymous with crime and criminalisation should refrain from speaking on these subjects. Generation after generation, people are well aware of who is synonymous with crime,” he added.

JD(U) leader Neeraj Kumar attacked Lalu Yadav, mocking him as a “self-styled fortune-teller” since his sentencing by the judiciary.

The JD(U) leader sarcastically suggested that the people of Bihar should consult Lalu Yadav with their birth charts but warned them to “avoid signing over their land.”

“After being sentenced by the judiciary, Lalu Yadav has found a new job as a fortune-teller. He has become a fortune-teller. We hope that the common people of Bihar should go with their birth charts to his residence, and he will see if they have a favourable position. However, don’t risk signing over your land when you meet him,” Neeraj Kumar said, adding that the RJD leader “doesn’t check his own fate.”

On Friday, Lalu Yadav had said that the ‘weak’ Central government led by PM Modi might collapse in August.

ALSO READ:  UP Police intensify crackdown on criminals after elections

“The Central government is very weak, and it might collapse in August this year. It will allow the INDIA bloc to form a new government,” Lalu Prasad said while addressing RJD leaders and workers on the 28th Foundation Day of the RJD at the party’s head office in Patna.

–IANS

sd/bg

Continue Reading

National

It's India's misfortune that Rahul Gandhi is the LoP: Haryana BJP MP

Published

on

By

Rohtak, July 6 (IANS) Haryana BJP Rajya Sabha MP Ram Chander Jangra said on Saturday that Congress leader Rahul Gandhi ‘speaks without thinking’ and it is a misfortune for the country that he is Leader of the Opposition (LoP).

“The whole country is condemning what Rahul Gandhi said in the House. Gandhi speaks without intelligence. The whole country knows this. It is misfortune for our country that Rahul Gandhi is the LoP. Unfortunately, we don’t know for how many days we have to tolerate him,” Jangra told the media in Rohtak.

On Hathras stampede, he said that anyone could become a ‘baba’ (referring to Bhole Baba) by luring women.

“Baba should also be questioned on Hathras incident. He also had a responsibility to regulate the gathering. Not only this, the code of conduct and arrangements should be made for such gatherings.”

Regarding the BJP-JJP alliance in the state, which snapped in March this year, Jangra said the BJP has suffered a lot because of the Jannayak Janta Party (JJP).

ALSO READ:  UP Police intensify crackdown on criminals after elections

“This was an alliance of their compulsion. The way the current government of the state is working at present, it’s certain that the Bharatiya Janata Party is going to form the government again and the government is engaged in solving whatever problems the people are facing at the moment.”

With the ruling BJP in Haryana in battle mode for the Assembly elections slated for October, Union Home Minister Amit Shah last week chaired a brainstorming session of the party in Panchkula and announced that the BJP will fight the polls under the leadership of Chief Minister Nayab Singh Saini.

BJP leaders said that two sessions were convened in Panchkula to review the party’s preparations for a 100-day roadmap to ensure that it retains power in the state for the third consecutive time.

The new government in Haryana was formed in March this year after the BJP severed its four-and-a-half-year-old ties with the JJP led by Dushyant Chautala, by Nayab Singh Saini succeeding Manohar Lal Khattar as the Chief Minister.

ALSO READ:  Heavy rain in J&K: Four killed, over 350 families relocated

The Assembly has a total strength of 90 legislators.

However, after the death of Badshahpur legislator Rakesh Daultabad, the resignation of Power Minister Ranjit Singh, and that of Mullana legislator Varun Chaudhary after his election from the Ambala Lok Sabha seat, the House has 87 MLAs now.

The BJP, which has 41 MLAs, enjoys the support of Haryana Lokhit Party’s lone legislator Gopal Kanda, and Nayan Pal Rawat, an Independent legislator.

In Opposition, Congress has 29 legislators, the JJP has 10, and the Indian National Lok Dal (INLD) has one legislator.

Three Independents have extended their support to the Congress, while another Independent MLA, Balraj Kundu, has been voicing his opposition to the BJP.

–IANS

vg/khz

Continue Reading

National

Manipur tribals’ conditional support to NRC demanded by Meiteis, Nagas

Published

on

By

Imphal, July 6 (IANS) Days, after the leading Meitei and Naga organisations reiterated their demand to implement the National Register of Citizens (NRC) in the state to curb infiltration from across the border, the Kuki Inpi Manipur (KIM) on Saturday said that they would not oppose the execution of NRC in the state, provided it is under supervision of the Supreme Court.

The KIM, one of the leading bodies of Kuki-Zomi tribals in Manipur, said that they would not dispute any such genuine efforts for identification and necessary actions as per constitutional rules and principles, provided that it is carried out under strict supervision of the Supreme Court and in due consultation with tribal organisations.

“Subsequently, any illegal immigrant found, whether a Kuki, Naga or Meitei, may be thoroughly dealt with as per established laws of the country,” said KIM Secretary, Information and Publicity Janghaolun Haokip.

Haokip said that the Manipur state issue in no way concerns the Kuki-Zo people who have been forced out of Manipur and were compelled to petition their grievances to the government of India for constitutional protection in the creation of a Union Territory with Legislature for the tribals belonging to the Kuki-Zo community.

ALSO READ:  Tripura CM sends 500 kg pineapples as 'gift' to Bangladesh PM

The KIM said that they would like to stress the immediate need for political settlement above all other matters of importance.

“The unwarranted and brutal hostilities against our people by the Meiteis must end, and only then a procedural conduct of NRC in Kuki-Zo inhabited regions can be justifiable and viable.

“The Meitei state leadership responsible for the oppression and persecution of our people, causing the loss of 186 precious lives, the arson and destruction of more than 7,000 houses, rendering more than 41,000 Kuki-Zo people homeless has no legitimate say and authority over the future of our people,” Haokip said in a statement.

Meanwhile, a joint delegation of leaders of Coordinating Committee for Manipur Integrity (COCOMI) and the United Naga Council (UNC) earlier this week urged Manipur Governor Anusuiya Uikey to implement the NRC in the state with a base year of 1951 to curb infiltration from across the border and protect the indigenous people.

ALSO READ:  Heavy rain in J&K: Four killed, over 350 families relocated

COCOMI Coordinator Thokchom Somorendro and UNC President NG Lorho led the joint delegation, which also submitted a memorandum to the Governor.

COCOMI is the apex body of the Meitei community in Manipur while the UNC is the leading organisation of Nagas in the state.

Somorendro and Lorho had informed the Governor that NRC implementation in Manipur is extremely vital to curb the influx of illegal immigrants, which they claimed, “shattered the demographic balance” of the northeastern state.

“Illegal migrants have already caused serious uncertainties and political insecurities to the native population of the state,” the memorandum said.

The COCOMI and UNC leaders have urged the Governor that NRC should be implemented at the earliest so that scientific method of identification may be applied to detect illegal immigrants and ensure that no further infiltration occurs in the state henceforth.

In the over year-long ethnic violence between the Meiteis and Kuki-Zomi tribals, over 220 people were killed, 1,500 injured and over 70,000 people displaced after the ethnic hostility broke out on May 3 last year following a ‘Tribal Solidarity March’, organised in the hill districts to protest the Meitei community’s demand for Scheduled Tribe status.

ALSO READ:  B'luru rave party case: Blood tests confirm drug use by two Telugu actors

–IANS

sc/rad

Continue Reading

Trending