WeForNews | Latest News, Breaking News, News Updates ‘Turned India’s strength into weakness’: Rahul Gandhi attacks PM Modi over RBI report on recession | WeForNews | Latest News, Blogs
Connect with us

India

‘Turned India’s strength into weakness’: Rahul Gandhi attacks PM Modi over RBI report on recession

The Indian economy likely entered into a technical recession for the first time in history at the end of the first half of 2020-21, according to the Reserve Bank of India.

Published

on

Rahul Gandhi Farmers

Congress leader Rahul Gandhi on Thursday targeted Prime Minister Narendra Modi over the RBI report, claiming the country has entered into a recession for the first time in history due to the policies of Prime Minister Narendra Modi.

“India has entered into recession for the first time in history. Mr Modi’s actions have turned India’s strength into its weakness,” he said on Twitter, quoting a report by The Indian Express.

Arvind Kejriwal-led Aam Aadmi Party also targeted the Centre and congratulated Finance Minister Nirmala Sitharama for “achieving this feat.”

The Indian economy likely entered into a technical recession for the first time in history at the end of the first half of 2020-21, according to the Reserve Bank of India. After an unprecedented decline of 23.9 per cent in GDP in April-June as estimated by the National Statistical Office on August 31, the central bank has ‘nowcast’ that Gross Domestic Product (GDP) for July-September quarter is set for a contraction of 8.6 per cent.

The RBI, however, said the economy will break out of contraction of the six months gone by and return to positive growth in the October-December quarter of 2020-21. Incoming data for the month of October 2020 have brightened prospects and stirred up consumer and business confidence, it said.

The NSO estimates for the second quarter expected at the end of November 2020 will formally bear out the extent of improvement that occurred in the quarter gone by, the RBI said in a ‘State of the Economy’ report.

India

Right to salary a fundamental right: Delhi HC

Published

on

By

Delhi High Court

New Delhi, Jan 20 : The Delhi High Court has pulled up the municipal corporations for the non-payment of salaries and pensions to their employees, noting that paucity of funds cannot be an excuse and that right to receive pay is a fundamental right enshrined under the Constitution of India.

A division bench of Justice Vipin Sanghi and Rekha Palli was hearing a batch of petitions in relation to the non-payment of salaries and pensions to the employees of Delhi municipal corporations, particularly North Delhi Municipal Corporation (NrDMC) and East Delhi Municipal Corporation (EDMC).

“Reason assigned for non-payment of timely salaries is stated to be paucity of funds which, as is well settled, cannot be an excuse for non-payment, keeping in view the fact that the right to receive salary and pension is a fundamental right enshrined under Article 21 of Constitution and non-payment would have direct bearing on quality of life,” the court stated.

Continue Reading

India

NCP should decide on poll alliance soon: Goa leader

Published

on

By

Sharad Pawar

The Nationalist Congress Party should decide its political strategy for the 2022 Assembly polls in Goa well ahead of time, NCP state president Jose Philip D’Souza said on Wednesday.

D’Souza also said that party supremo Sharad Pawar was scheduled to arrive in Goa on Wednesday for a brief visit to meet with the state executive committee members and discuss strategy for the upcoming polls.

“We will be discussing our electoral agenda with Sharad Pawarji, because elections are just a year away,” D’Souza said.

“Planning should be done in advance. If like minded parties want to go together for the 2022 elections, it has to be decided now. We will be discussing this issue,” D’Souza also said.
The party had fared poorly in the 2017 Assembly polls winning just one seat in the 40-member Goa Assembly, after much delayed talks for an alliance with the Congress failed.

D’Souza claims that it was imperative for the party to ensure that if the party was to ally with a “like-minded” party for the 2022 polls, the deal had to be sewn together sooner rather than later.

“Whether we should go with an alliance with other parties or not, it has to be decided now. If we leave it for too late, with a month or two to go for elections, then there is limited scope for discussion and things can go wrong. The talks should begin now,” D’Souza said, adding that he would be discussing the matter with Pawar.

Continue Reading

India

PM must wake up to reality about poverty: Chidambaram

Published

on

By

chidambaram

A day after 15 migrant construction workers, including a child, were crushed to death by a truck in Gujarat’s Surat, senior Congress leader P. Chidambaram on Wednesday slammed the Modi government at the Centre, saying it is time that the Prime Minister woke up to reality and not repeat the statistics about toilets, housing and open defection-free numbers fed by bureaucrats.

In a statement, Chidambaram said, “The tragedy of 15 migrant construction workers being run over and killed in Gujarat must open our eyes to the reality of poverty in India.”

Firing salvos at the government, former Finance Minister Chidambaram asked “why were the workers sleeping on the roadside? Is not the contractor obliged to provide them shelter near the construction site? Where do they wash, bathe, cook and keep their children? On the roadside in the open?”

“The Prime Minister must wake up to the reality and not repeat the ‘statistics’ about toilets, housing and ODF fed by bureaucrats,” he said.

His remarks came a day after at least 15 migrant labourers from Rajasthan, including a child sleeping near a road were crushed to death and six others injured by a speeding dumper truck in Surat.

The incident happened when the dumper truck lost control and ran over some 20 sugarcane farm labourers. Twelve were killed on the spot, one died while being shifted to hospital and two succumbed later during treatment while six others were being treated in hospital.

–IANS

Continue Reading
Advertisement

Most Popular