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Largest integrated tractor plant inaugurated in Punjab

The new facility makes International Tractors Limited, which manufactures Sonalika tractors, the world’s largest integrated tractor plant.

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Sonalika Tractor

Hoshiarpur (Punjab), May 8 : Describing it as a major asset for the state’s progress, Punjab Chief Minister Amarinder Singh on Monday inaugurated a new state-of-the-art tractor production facility of the Sonalika brand here.

The new facility makes International Tractors Limited, which manufactures Sonalika tractors, the world’s largest integrated tractor plant.

The plant will manufacture 3 lakh tractors annually. The Chief Minister, who rolled out the first tractor, termed the new plant as a major achievement for Punjab, which was heavily dependent on agriculture for its growth and development.

The inaugural event was attended by the top management of the company, including Chairman L.D. Mittal, Vice Chairman Amrit Mittal and Managing Director Deepak Mittal. On the occasion, the management presented a cheque of Rs 1 crore for the Chief Minister’s Relief Fund.

They also presented a tractor to the Chief Minister, who gifted the same to Citrus Estate in Chhauni village, which he had earlier visited.

International Tractors, which is the third-largest tractor manufacturing company of the country on the basis of the number of tractors sold, employs about 5,000 workers directly, while generating indirect employment for another 15,000.

Promoted by the Punjab-based Mittal family since 1996, the company exports 20 per cent of its production to about 80 countries, including some countries in Europe.

Yanmar of Japan, a 100-year-old company engaged in the manufacture of engines, tractors and farm equipment, is the technical and financial partner of Sonalika Tractors.

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Delhi Riots: Jamia student released on parole to sit for exams

The court said that clearing the exams is necessary for Tanha to pursue M.A. in Persian, and that leniency must be shown to the accused by allowing him to appear for the said exams.

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Asif Iqbal Tanha

New Delhi: A Delhi court on Friday released Jamia Millia Islamia student Asif Iqbal Tanha — who was arrested under the stringent Unlawful Activities (Prevention) Act for allegedly hatching a conspiracy to organise riots in North-East Delhi in February this year — on three-day custody parole to appear for his compartmental examination in December.

Tanha, who is pursuing his B.A. (Hons) in Persian, had moved the court seeking interim bail from November 30 to December 7 to prepare for three backlog exams scheduled to be held on December 4, 5 and 7.

“The court deems it fit to allow the accused on custody parole for appearing in the said examinations. Accordingly, custody parole is granted to accused Asif Iqbal Tanha on December 4, 5 and 7,” Additional Sessions Judge Amitabh Rawat ordered.

The court said that clearing the exams is necessary for Tanha to pursue M.A. in Persian, and that leniency must be shown to the accused by allowing him to appear for the said exams.

After advocate Sowjhanya Shankaran, representing Tanha, submitted that her client didn’t not have the required reading material to prepare for the exams, the judge directed the Tihar Jail superintendent to provide necessary assistance, provided it is within the permissibility of the jail rules.

Tanha was arrested on May 19 in connection with the case and has been in the custody since then. On October 21, he was granted one-day interim bail for taking the entrance examination for M.A Persian at the Jamia Milia Islamia University.

In September, his named figured in the chargesheet filed by the Delhi Police in connection with the riots that broke out in North-East Delhi in February after clashes between pro and anti-Citizenship Amendment Act supporters spiralled out of control, leaving 53 people dead and 748 injured.

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India enters recession: GDP drops by 7.5% in July-September quarter

The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per cent from (-) 23.9 per cent in the preceding quarter.

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National debt under Modi govt surges

New Delhi: Even though India’s economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession.

The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per cent from (-) 23.9 per cent in the preceding quarter.

Though not comparable, the GDP had grown by 4.4 per cent in the corresponding quarter of FY2019-20.

In financial parlance, an economy is said to have entered a technical recession after it consistently remains in the negative output territory for two subsequent quarters.

This trend underscores the reduction in purchasing power along with lower tax collection for the government, likely defaults on debt and falling Capex spends.

According to the NSO, the GDP at ‘Constant (2011-12) Prices’ in Q2FY21 is estimated at Rs 33.14 lakh crore as against Rs 35.84 lakh crore in Q2FY20, showing a contraction of 7.5 per cent as compared to 4.4 per cent growth in Q2FY21.

“Quarterly ‘GVA at Basic Prices at Constant (2011-12) Prices’ for Q2 of 2020-21 is estimated at Rs 30.49 lakh crore, as against Rs 32.78 lakh crore in Q2 of 2019-20, showing a contraction of 7 per cent,” the NSO said in the estimates of Q2FY21 GDP.

“With a view to contain the spread of the Covid-19 pandemic, restrictions were imposed on the economic activities not deemed essential during Q1. Though the restrictions have been gradually lifted, there has been an impact on the economic activities,” it added.

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Black Friday Deals: Realme to bring offers on Realme X3 Superzoom, X50 Pro, Buds Air Neo and more

The Black Friday sale will take place on Realme’s online store, Flipkart and Amazon.

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Realme X2 Pro

Over the last few years, online and offline retailers have been offering their Black Friday deals for almost an entire week ahead of Thanksgiving, and some of these deals and offers last well after the Cyber Monday sale.

Black Friday Sale is here!!

After Xiaomi, handset maker Realme on Thursday announced a Black Friday Sale that would arrive with several offers and discounts on a range of its products. The Black Friday Sale would be live for 24 hours and would start November 27, 12:00 AM. The sale would see massive discounts on a range of Realme smartphones including Realme 6i, Realme 6, Realme X3 Superzoom and X50 Pro, and various AIoT products such as Realme Buds Classic, Realme Smart Watch, Realme Buds Air Neo and Realme Smart Cam 360°.

“Realme would also be hosting the ‘Realme Days’ sale offering similar discounts on its own website Realme.com, Flipkart and Amazon.in,” the company said in a statement.

The Black Friday sale will take place on Realme’s online store, Flipkart and Amazon. In addition to the discounts, SBI credit cardholders can avail of 5% cashback on EMI transactions.

  • Realme is offering discounts from Rs 1,000 up to Rs 7,000 for its Black Friday sale. Realme X50 Pro has received the biggest discount of Rs 7,000 bringing its price down to Rs 34,999 from Rs 41,999. Realme X50 Pro with 12GB RAM and 256GB storage also gets a discount making its offer price Rs 40,999.
  • Realme X3 SuperZoom will be available with a Rs 4,000 discount on all three variants. Realme X3 has also received a Rs 3,000 discount on both its variants. Realme C3, Realme 6, Realme 6i, and Narzo 20 Pro can be purchased with a discount of Rs 1,000.
  • In the AIoT portfolio, Realme Buds Air Neo would be available at a discounted price of Rs 1999, along with the Realme Buds Wireless Pro for Rs 3199 and Realme Buds Air Pro at a special price of Rs 4299. These offers would be applicable on all purchases made through Realme’s official website Realme.com.
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