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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.”

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Tharoor hits back at BJP on Musharraf tweets issue

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Congress MP Shashi Tharoor hit back at the BJP after facing criticism for tweeting on the demise of former Pakistan President Parvez Musharraf.

New Delhi, Feb 6 : Congress MP Shashi Tharoor hit back at the BJP after facing criticism for tweeting on the demise of former Pakistan President Parvez Musharraf.

“Question to BJP leaders frothing at the mouth: if Musharraf was anathema to all patriotic Indians, why did the BJP Government negotiate a ceasefire with him in 2003 & sign the joint Vajpayee-Musharraf statement of 2004? Was he not seen as a credible peace partner then?” Tharoor tweeted.

Tharoor on Sunday condoled the demise of former Pakistan President Pervez Musharraf. Tharoor said that Musharraf, who was once an implacable foe of India, had become a real force for peace during 2002 to 2007.

“I met him annually in those days at the @un &found him smart, engaging & clear in his strategic thinking. RIP,” the Thiruvananthapuram MP said. Taking to Twitter, Tharoor posted: “Pervez Musharraf, Former Pakistani President, Dies of Rare Disease: once an implacable foe of India, he became a real force for peace 2002-2007. I met him annually in those days at the @un &found him smart, engaging & clear in his strategic thinking. RIP” Musharraf, 79 died of a rare disease in a hospital in Dubai on Sunday.

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NIA detains 8 PFI members from Bihar’s East Champaran

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 The National Investigation Agency (NIA) has conducted a raid in Bihar’s East Champaran district following which it detained eight operatives of the banned group Popular Front of India (PFI), an official said on Saturday.

The searches were carried out at Kuawan village on Friday night.

Among the detainees, Riyaz Maroof is considered as the main operative of the PFI.

They were facing charges of hatching a conspiracy to carry out an explosion at the under-construction Ram temple in Uttar Pradesh’s Ayodhya.

According to sources, the NIA had intercepted a message wherein an “explosion at the temple” was mentioned. The operatives were also planning to hold a meeting to discuss their plan of action.

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Union Budget fails to address core issues of inflation, unemployment: Jamaat-e-Islami Hind

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After the Union Budget for 2023-24 was presented by Finance Minister Nirmala Sitharaman on Wednesday, the Jamaat-e-Islami Hind (JIH) has criticised the budget for not addressing two important core issues of price rise and unemployment.

Issuing a statement, the JIH said, “The Budget falls short of addressing the core issues of inflation (price rise) and severe unemployment. The Budget has been insensitive to the call of the Prime Minister of ‘Sab ka Vikas’ as it has reduced the budgetary allocation to the minorities from Rs 5,000 crore to around Rs 3,000 crore.”

It said that the decision to reduce the tax on income above Rs 5 crore from 37 per cent to 25 per cent is not correct. This will further increase wealth inequality as pointed out by the latest Oxfam report. Overall the Budget appears to cater to the interest of corporates and not the informal economy and the common man.

However, the JIH further said that the budget can be credited to being focused on economic growth and fiscal consolidation bridging the negative gap between revenue and expenditure. Now, those having income up to Rs 7 lakh per annum will not have to pay any income tax. This change will help the salaried class. One more positive is the boost given to capital expenditure which is now budgeted at Rs 13.7 lakh crore i.e. 4.5 per cent of GDP. This will help in easing the funding of infrastructure projects.

“Despite these positives in the Budget, it appears as if it is aimed at benefiting only one class of society while ignoring the country’s poor and those living in rural areas. While the push for fiscal prudence is good, it has squeezed government expenditures even further resulting in a decrease in allocation for the social sector. For example, the MGNREGA scheme allocation has been slashed by 33 per cent when unemployment is historically high,” the JIH added.

“Another worrying aspect of the Budget is that various subsidies have been cut. For example, food subsidy has been cut by Rs 90,000 crore, fertilizer subsidy by Rs 50,000 crore and petroleum subsidy by Rs 6,900 crore. Also, Rs 9,255 crore remained unspent in the health sector and Rs 4,297 crore remained unused in the education sector. This non-utilization of allocated funds happened at a time when both these sectors required special focus in the post-pandemic era,”, the JIH said.

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