Jammu, Dec 6: Indian and Pakistan troops have traded heavy gun fire on the Line of Control (LoC) in Jammu and Kashmir's Rajouri district, police said on Wednesday. | WeForNews | Latest News, Blogs J&K: Indian, Pakistan Army trade heavy fire on LoC in Rajouri – WeForNews | Latest News, Blogs
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J&K: Indian, Pakistan Army trade heavy fire on LoC in Rajouri

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Jammu, Dec 6: Indian and Pakistan troops have traded heavy gun fire on the Line of Control (LoC) in Jammu and Kashmir’s Rajouri district, police said on Wednesday.

Earlier, a day before the Pakistani Army resorted to unprovoked ceasefire violation in the Nowshera sector using mortars, automatics and small arms, a police officer said, news agency IANS quoted.

They resorted to indiscriminate shelling and firing at Indian positions, who also retaliated strongly and effectively, the officer said, adding that the firing continued for more than an hour.

“There was no casualty or damage on our side,” he asserted.

Wefornews Bureau 

Cities

CM dedicated to resolve farmers’ problems: Andhra Minister

Meanwhile, the winter session saw a decent turnout of MLAs, including opposition leader Naidu, who was seen wearing a mask.

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Jagan Mohan Reddy

Amaravati, Nov 30 : Andhra Pradesh Chief Minister YS Jaganmohan Reddy is dedicated to resolve any roblems faced by state farmers, Agriculture Minister Kurasala Kannababu said on Monday in the Assembly as its winter session began.

“We do not have a Chief Minister who indulges in gimmicks before elections. He has said that he will take up any initiative to resolve farmers’ problems wholeheartedly,” said Kannababu

He said that the YSRCP government had fulfilled most of the promises made to farmers and highlighted that Rs 13,463 crore have been directly credited to farmers’ accounts in last 18 months.

Kannababu assailed Telugu Desam Party (TDP) national President Nara Chandrababu Naidu and his son Nara Lokesh for allegedly undermining Reddy’s aerial survey of Nivar- affected districts.

He showed a photograph of Naidu conducting a similar survey when he was CM while enjoying a hot beverage in helicopter and compared it with his successor’s survey.

The Minister said that Reddy takes comprehensive stock of the ground situation whenever natural calamities strike the state.

According to Kannababu, crops on 6.56 lakh hectares of land was damaged during recent torrential downpour. He said the revenue enumeration is still on.

“The CM told us to finish the enumeration by December 10 so as to pay compensation to the affected farmers by December-end. The Agriculture Department and other concerned ones are working towards that goal,” he said.

Kannababu said that the Chief Minister had instructed officials to buy crops from farmers even if it had changed colour.

Meanwhile, the winter session saw a decent turnout of MLAs, including opposition leader Naidu, who was seen wearing a mask.

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Health

Modi interacts with 3 teams developing corona vaccines

The Prime Minister also asked the companies to come out with their suggestions and ideas regarding the regulatory processes and related matters.

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Narendra Modi

New Delhi, Nov 30: Prime Minister Narendra Modi on Monday held virtual meetings with three teams working on the development and manufacture of vaccines against Covid-19, and discussed the potential of various platforms for vaccine development.

The teams are from Gennova Biopharmaceuticals Ltd at Pune, and Biological E Ltd and Dr Reddy’s Laboratories Ltd at Hyderabad.

Their potential vaccines are in different stages of trials and detailed data and results are expected from early next year onwards, a Prime Minister’s Office (PMO) statement said on Monday.

“The potential of various platforms for vaccine development was also discussed,” the statement said.

The Prime Minister also asked the companies to come out with their suggestions and ideas regarding the regulatory processes and related matters.

He also suggested that they should make extra efforts to inform the general public in simple language about the vaccine and related matters such as its efficacy.

Matters relating to logistics, transport and cold chains in respect of delivery of the vaccines were also discussed.

The Prime Minister advised all departments concerned to engage with the manufacturers and seek to resolve matters so that the efforts by these companies bear fruit in order to serve the needs of the country and the entire world.

The Prime Minister praised the efforts made by scientists and researchers in these companies to come out with a vaccine solution to tackle the ongoing coronavirus pandemic, which so far has infected 94,31,692 people across the country, and led to deaths of 1,37,139 patients.

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Disaster

Economy to grow only 0.3% in 2 years as India enters first technical recession

Due to a weaker-than-expected 2QFY21, we revise down our 3QFY21 and 4QFY21 growth forecasts.

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National debt under Modi govt surges

New Delhi, Nov 30: The Indian economy is forecast to show an average growth of only 0.3 per cent in two years as India enters its first technical recession, GDP could post further decline in 3QFY21.

As per a report by Motilal Oswal Financial Services, “Real GDP declined 7.5 per cent YoY in 2QFY21 (or 3QCY20), worse than our expectation, but better than the market consensus”.

Fiscal spending, consumption plus investments, posted its first major contraction since FY15 and is the worst on record. On the contrary, decline in private spending narrowed to -9.2 per cent in 2QFY21 from -35.4 per cent YoY in 1Q. The government and private sectors are naturally highly interlinked with each other, the report said.

A comparison of India with other major nations suggests India is no longer the worst affected economy — as the Philippines’ real GDP saw double-digit decline in 3QCY20 and decline was also higher in the UK and Mexico.

Due to a weaker-than-expected 2QFY21, we revise down our 3QFY21 and 4QFY21 growth forecasts.

“We now pencil in a decline of 1–2 per cent YoY in 3QFY21 (v/s a negligible decline earlier) and growth of 2–3 per cent YoY in 4QFY21 (v/s +4.2 per cent projected earlier). Accordingly, India’s real GDP is forecast to decline 7.5 per cent YoY in FY21 (v/s the previous forecast of -6.5 per cent ), but grow 8.5 per cent in FY22 (against 7.8 per cent growth expected earlier). This implies average growth of only 0.3 per cent in the two years,” the report said.

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