Unemployment is high, informal sector is in shambles: Manmohan Singh
Video Credit: ANI - Duration: 01:28s - Published
Unemployment is high, informal sector is in shambles: Manmohan Singh
While addressing at the 'Pratheeksha 2030' Summit on in the national capital on March 02, former prime minister Manmohan Singh said, "Temporary measures by the Government of India and Reserve Bank to paper over the credit problems can not blind us to the looming credit crisis ahead that could affect the small and medium sector." "Unemployment is high and the informal sector is in shambles, a crisis precipitated by the ill-considered demonetisation decision taken in 2016," he added.
"In Kerala and many other states, public finances are in disarray with states having to resort to excessive borrowing, which creates an intolerable burden on future budgets," Manmohan Singh further stated.
Former prime minister and Congress leader Manmohan Singh highlighted the parameters for the voters to judge before casting vote in the upcoming state Assembly elections. Manmohan Singh said, "You must vote for a government that upholds the constitution of India and principles of democracy, a government that will care for every citizen for every community. You must vote for a government that will ensure growth, you must vote for a government that will put Assam once again on the path of peace and development."
Former prime minister Manmohan Singh urged people to vote for the Congress party and Mahajath in the upcoming state assembly elections, starting today. Highlighting the 5 major promises from the manifesto, Manmohan Singh assured that if elected to power, Assam Congress will not implement the Citizen Amendment Act and will try their very best to repeal it. "We will provide jobs to 5 lakh unemployed youth in public sector and 25 lakh unemployed youth will be provided job in private sector. Daily wage of tree plantation workers will be increased to Rs 365, these workers will also receive other social benefits. Every household will receive upto 200 units of free electricity," said former Prime Minister Manmohan Singh highlighting the other promises made by the Assam Congress for the upcoming elections.
Ahead of Assam Assembly elections today, former prime minister and Congress leader Manmohan Singh urged people of Assam to vote wisely. Calling Assam his second home, Manmohan Singh said that it has been his privilege to represent Assam in Rajya Sabha for 28 years. "I am deeply grateful for trust and affection, of the people of Assam. The people of Assam, enabled me to serve our country as Finance Minister of India for 5 years and as Prime Minister of India for 10 years. Today I am speaking as one of you, once again the time has come for you to cast your ballot in the Vidhan Sabha election, you must vote wisely," said former Prime Minister Manmohan Singh.
Nearly six years after the Supreme Court ruled that RBI had to reveal information about functioning of banks under the RTI Act, major banks, including SBI and.. IndiaTimes
Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22. Moreover, the International Monetary Fund has projected India's GDP to grow at 12.5 per cent in FY22. The BSE SandP Sensex closed 460 points or 0.94 per cent higher at 49,662 while the Nifty 50 edged higher by 136 points or 0.92 per cent to 14,819. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2 per cent, auto by 1.4 per cent, financial service by 1.1 per cent and IT by 1 per cent. Among stocks, JSW Steel was up by 5.3 per cent to Rs 566.10 per share. State Bank of India gained by 2.2 per cent, SBI Life by 2.1 per cent and ICICI Bank by 1.9 per cent The other prominent winners were Britannia, Nestle India, Bajaj Auto, Hero MotoCorp, Wipro and Bharti Airtel. However, Adani Ports fell by 1.9 per cent to close at Rs 819 per share. The others which lost were Titan, Tata Consumer Products, UPL, Hindustan Lever and Tata Motors. Meanwhile, a gauge of Asian shares climbed to three-week highs as investors eyed the upcoming earnings season for further signs of a global economic recovery. Besides, the IMF raised its global growth forecast to 6 per cent this year from 5.5 per cent, reflecting a rapidly brightening outlook for the US economy. MSCI's broadest index of Asia Pacific shares outside of Japan was up by 0.3 per cent for its second straight day of gains. Japan's Nikkei was 0.12 per cent higher while South Korea's Kospi added 0.33 per cent. Hong Kong's Hang Seng index fell by 0.91 per cent as technology stocks dipped.
The Reserve Bank of India retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in Cocid-19 infections has created uncertainty over the economic growth recovery. RBI Governor Shaktikanta Das said the recent surge in COVID-19 infections adds uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments. “The projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4,” said Das. Watch the full video for more.
Credit: HT Digital Content Duration: 01:55Published
Amid growing demand of Remdesivir injections and shortage in parts of India due to rising COVID cases, Government of India prohibited the export of the drug and its Active Pharmaceutical Ingredients till the COVID19 situation in the country improves. Remedesvir is considered to be a key drug to battle complicated cases of coronavirus. Long queues have been seen outside medical stores to buy Remdesivir injections amid shortage.
COVID-19 Vaccination In-Charge in Odisha, Bijay Panigrahi, said that they expect to receive more vaccines within two days from the Government of India. "Vaccine program is going on smoothly in the state. We have 3.2 lakh doses of Covishield and 1 lakh doses of Covaxin in Odisha. With this stock, we can continue vaccination for 2 days. We expect to receive vaccines from the Govt of India within 2 days," said Bijay Panigrahi.
Union Home Minister Amit Shah asserted that the Central government will intensify the fight against Naxals. During his visit to Chhattisgarh's Bijapur district, Shah met CRPF personnel in Basguda CRPF camp. He also met jawans at Ramkrishna Care hospital who were injured in the Maoist ambush. "When a friend leaves us and goes we do feel sad. But the poor people of this area are devoid of development due to the issue of Naxalism. We welcome those who want to surrender and come to us but we'll have no option if you have weapons in hands," said Shah. He further said that the Government of India understands the problems of the soldiers and is firmly standing with them in this fight. Watch the full video for more.
Credit: HT Digital Content Duration: 03:32Published
While addressing Central Reserve Police Force (CRPF) personnel in Bijapur, days after Naxal attack which left 22 security personnel dead and over 30 injured, Home Minister Amit Shah motivated the jawans and also said the government will welcome those who wish to surrender, but will have no option left for Naxalites who continue fight with weapons. "When a friend leaves us and goes we do feel sad. But the poor of this area is devoid of development due to Naxal issue. We welcome those who want to surrender and come to us but we'll have no option if you have weapons in hands," said HM Shah. He added, "Government of India understands all your problems and is firmly standing with you in this fight. We will address all the loopholes as early as possible."
Kerala police advisory for getting vaccinated is winning hearts online. Catching on to the viral Rasputin dance trend made famous by 2 spunky Kerala medical students, the state police made 2 vials of Covaxin and Covishield shake a leg to this evergreen number by Boney M.
#Rasputin #KeralaDanceViral #KeralaDoctorsDance
As Sabarimala temple opened for monthly pooja and Vishnu festival from Apr 10, Kerala Governor Arif Mohammed Khan visited the temple complex on April 11 to offer prayers.
The five states of Maharashtra, Chhattisgarh, Karnataka, Uttar Pradesh and Kerala cumulatively account for 70.82 per cent of India's active Covid-19 cases which.. IndiaTimes
Sabarimala temple is now opened for monthly pooja and Vishnu festival from Apr 10. Devotees with RTPCR COVID negative certificate within 48 hours or completed two dozes of vaccination will be allowed from Apr 11 through online registration. The temple will be closed on Apr 18. Kerala Governor Arif Mohammed Khan will visit Sabarimala Temple on Apr 11. He will return on Apr 12.
Former Prime Minister Manmohan Singh in a video message ahead of the first round of voting in the Assam Assembly polls urged people of the state to vote for a government that upholds the Constitution..
Credit: HT Digital Content Duration: 05:07Published
A 17-year-old boy committed suicide by jumping from the 15th floor of his society in Noida sector-49 on March 06, said city's ADCP (Additional Deputy Commissioner of Police) Ranvijay Singh who also..
Former Prime Minister Manmohan Singh has warned the Modi government of a looming credit crisis that he said could badly affect medium and small industries. He said that unemployment is high and the..
Credit: HT Digital Content Duration: 01:52Published
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