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Tuesday,05-August-2025
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Indian economy currently fastest-growing: BJP hits back at Rahul

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Hitting out at Congress leader Rahul Gandhi, the Bharatiya Janata Party (BJP) on Friday said the Indian economy currently is the fastest-growing among major economies of the world.

Referring to the sliding rupee, Rahul Gandhi had tweeted: “Rupee @40 : ‘Refreshing’; 50 : ‘India in crisis’; 60 : ICU; 70 : Atmanirbhar; 80 : Amritkaal.” In his tweet, the R in Amritkaal was replaced by the Rupee symbol.

Quoting Gandhi’s tweet, BJP Information and Technology Department in-charge, Amit Malviya tweeted: “This is for the neo-currency experts. The rupee has fallen less than most — 6% in the first half of 2022. Compared to that, the Euro has fallen by 11.6%, the Yen by 19.2%, and the Pound by 13.2%. Rupee, however, has appreciated against other major currencies.”

“Like 80.2/Euro vs 88 a year ago, 0.58/Yen vs 0.68, 94.3/Pound vs 103.2 and remained broadly flat to 11.8/Yuan vs 11.5 a year ago. Compare this to 2013, when the rupee was depreciating against all major currencies, not just the dollar, because of an inherently weak Indian economy,” Malviya said.

Mentioning that the Indian economy right now is fastest-growing among major economies of the world, Malviya said, “In 2013, Indian economy was part of the ‘Fragile Five’, manufacturing growth was weak and exports anaemic. The economy right now is fastest-growing among major economies of the world, manufacturing sector is picking up post the pandemic, as evidenced by PMI and core sector data.”

National News

Devastating Visuals: 2 Cloudbursts Reported In Uttarakhand; 4 Dead, 50 Missing

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Uttarkashi: Two cloudbursts were reported in Uttarkashi, Uttarakhand, on Tuesday, 5 August 2025. The cloudbursts caused severe flash floods along the Khir Ganga River, devastating villages including Dharali and Tharali.

At least four people were reported dead, and several others were missing, as villages were washed away after a major cloudburst struck the Dharali area near Harsil. Another cloudburst was reported in Sukhi Top, approximately 16 kilometers away. Resuce operations are underway.

Devastating visuals have surfaced from the scene. The video shows a strong water current flowing down the hills, leaving a trail of destruction behind.

The footage shows the flash floods destroying several houses within seconds. Whistles can be heard, blown to alert residents. The force of the water is so intense that the destruction of homes appears as though toy houses are being swept away. People can also be seen fleeing for their lives. At least 50 hotels are believed to be submerged or washed away.

The Jyotirmath-Malari motor road has been washed away due to the incessant rains and flooding. Authorities have requested travelers and locals to avoid unnecessary travel.

PM Modi Condoles Loss Of Lives

Prime Minister Narendra Modi condoled the death of those who lost thier lives in the cloudburst.

“I express my condolences to the people affected by this tragedy in Dharali, Uttarkashi. Along with this, I pray for the well-being of all the victims. I have spoken to Chief Minister Pushkar Dhami ji and obtained information about the situation. Under the supervision of the state government, relief and rescue teams are engaged in every possible effort. No stone is being left unturned in providing assistance to the people,” he said in a post on X.

The India Meteorological Department (IMD) forecast extremely heavy rainfall at isolated places over Uttarakhand on Tuesday.

Emergecy Numbers Issued

Uttarkashi District Emergency Operation Centre has issued the following emergency numbers: 01374222126, 01374222722, 9456556431

NDRF Teams

National Disaster Response Force (NDRF), State Disaster Response Force (SDRF) and Indo Tibetan Border Patrol (ITBP) teams have been deployed for rescue operations.

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National News

Former J&K Governor Satyapal Malik Dies At 79 In Delhi Hospital

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New Delhi: Former Jammu and Kashmir governor Satyapal Malik passed away on Tuesday after a prolong illness in New Delhi. Malik was of 79 years. He breathed his last at around 1 pm at Ram Manohar Lohia Hospital. According to reports, he was suffering from kidney-related ailments.

Malik served as the 10th and last Governor of the erstwhile state of Jammu and Kashmir, from August 2018 to October 2019. It was during his tenure that Article 370 was abrogated in J&K on August 5, 2019.

Satyapal Malik’s Political Career:

Prior to serving as Jammu and Kashmir’s governor, Malik was appointed the Governor of Bihar in 2017. In 2018, he was also given the additional charge of Odisha. Later, he was appointed Governor of Goa. He also served as the Governor of Meghalaya until October 2022.

Malik was born in Hisawada village of Uttar Pradesh’s Baghpat in a Jat family on July 24, 1946. In 1968, the former J7K Governor began his political career after elected as the students union president. In 1974, Malik was elected an MLA of Chaudhary Charan Singh’s Bharatiya Kranti Dal. He also served as a Rajya Sabha MP. He was elected as Lok Sabha MP from Aligarh on Janata Dal ticket in 1989.

In 1996, Malik again contested the Lok Sabha elections from Aligarh. However, he lost the polls. In 2012, Malik also served appointed National Vice-President of the BJP.

Satyapal Malik’s Criticism For The Narendra Modi Government:

In recent times, the former J&K Governor was in the news for his criticism of the Narendra Modi government. In an interview in 2023, he alleged lapses in security arrangements which led to the 2019 Pulwama terror attack. He claimed that the Centre turned down the CRPF’s request for aircraft for its convoy movement.

CRPF soldiers were attacked when they were travelling by road in Pulwama district. Notably, he was the Governor of Jammu and Kashmir when the attack took place. At least 40 CRPF soldiers lost their live sin the terror attack.

Malik also supported the farmers’ protest against the three farm laws passed by the Centre in 2020.

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Maharashtra

Anil Ambani Reaches ED Office In Delhi; Reliance Chairman To Be Quizzed Over Alleged ₹17,000 Crore Loan Fraud Case

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Mumbai: The Enforcement Directorate (ED) is set to question Reliance Group Chairman and Managing Director Anil Ambani on Tuesday, August 5, in connection with a multi-crore money laundering and loan fraud case. The probe involves financial irregularities amounting to a staggering Rs 17,000 crore, with a specific focus on a Rs 3,000 crore loan fraud linked to Yes Bank.

Anil Ambani has already reached the ED office in Delhi for questioning. Visuals of his car reaching the investigation agency’s office have surfaced on the internet. The interrogation comes days after the agency intensified its investigation into financial dealings linked to companies associated with Ambani’s Reliance Group.

Recently, the ED had earlier issued a lookout circular against Anil Ambani on August 1, effectively restricting his international travel without prior approval from the agency. Officials confirmed that Ambani could be detained at any Indian airport if he attempts to leave the country.

ED Searches On Multiple Locations Linked To Anil Ambani

The latest development follows an extensive crackdown by the ED last week, during which over 50 locations linked to Anil Ambani, including offices and premises in Mumbai and Delhi, were raided. The operation was conducted under Section 17 of the Prevention of Money Laundering Act (PMLA). More than 25 individuals were also questioned as part of the ongoing probe.

The case reportedly centres around loans disbursed by Yes Bank to various firms under the Reliance Group between 2017 and 2019. Preliminary findings suggest that a major portion of the funds were allegedly diverted to shell companies or siphoned off to other entities within the group. Investigators are also probing potential kickbacks paid to top officials at Yes Bank during the loan disbursement process.

The ED’s probe aims to uncover whether these funds were used for legitimate business activities or laundered through a web of fake firms. The agency is also looking into possible violations of banking norms and financial misappropriation on a large scale.

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