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Economy May Take 12 Years To Recover From Loss Due To COVID-19: RBI Report

Gunjan ChaudharyApril 30, 20220

According to a report released by the Reserve Bank of India (RBI) on Friday i.e. 29th April, the Indian economy is likely to take more than 12 years to recover from the damage of Covid-19. In the report by RBI on 'Money and Finance for the Year 2021-22', the RBI said that the structural changes brought about by the pandemic could potentially change the growth outlook in the medium term. The report issued even said that continued thrust on capital expenditure by the government, promotion of digitization, e-commerce, start-ups, renewables and supply chain logistics can contribute to the growing opportunities for new investments. RBI further said in the report that the pre-Covid situation growth rate would have been 6.6 per cent (CAGR for 2012-13 to 2019-20) and it would have been up...

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ArticleInternationalLatest News

G20 Summit: Presidents Of Russia, Ukraine To Join, Ceasefire To Be Agreed Or Will Putin Boycott?

Gunjan ChaudharyApril 30, 20220

The G20 summit is going to be organized in Bali in November. Various speculations are being made regarding Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin and their presence that they may mark in the upcoming summit that is organized to discuss the various problems that G20 countries suffer from. Indonesian President Joko Widodo has said that Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin have both agreed to attend the G20 summit in Bali in November. Joko Widodo, who is the current chairman of the G20 group, made the remarks in a televised statement on Friday. Widodo had said he had telephone conversations with Zelensky and Putin this week. Widodo also said that he urged the leaders of both Ukraine and Russia to end the ...

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ArticleCultureFeaturesSociety

How Much India’s Education System Is Affected By Caste System?

Pooja YadavApril 29, 20220

The class structure could be a system employed by India that ranks people in an exceeding scheme through heredity. The class structure puts people in one in every of 5 castes. The caste dictates the roles that someone can work and also the people who person can marry. At the highest of the class, the structure is that of the Brahmins. they're the teachers and priests in India. they create up about 5% of the entire population in India. These people are the foremost educated in India. They study religious texts and extracts from Puranas and preach them to the lower castes. Right below the Brahmins are the Kshatriyas. In older times, the Kshatriyas were warriors and rulers. Now, they still do their job of defending the political structure of government. Brahmins can become public ad...

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ArticleEnvironmentIndia

Is It Time To Tackle Pollution In River Yamuna Seriously For A Sustainable Future?

Pooja YadavApril 29, 20220

Yamuna river is one in every of the foremost sacred rivers in India, yet many of us don't visit it thanks to its status jointly of the foremost polluted rivers in India. The densely populated areas of Delhi, province, and plenty of other towns and villages surround the river, where it eventually meets with the Ganges. Not only general population had dumped wastages and garbage into the water, but so did industrial buildings and factories. Detergent, chemical waste, trash, and more is found within the Yamuna, despite the government’s efforts in trying to prevent it. In the 1990’s, the Indian national government tried to revert a number of the damage done to the Yamuna and started implementing the Yamuna Action Plan. This was a project that truly was helped by Japan, partly redu...

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ArticleFeaturesIndiaPolitics

Prashant Kishor Turns Down Congress’ Offer To Join Party; Take A Look Back At His Association With Different Political Parties

Snehashish RoyApril 28, 20220

Political strategist Prashant Kishor has turned down Congress’ offer to join as a part of its Empowered Action Group, dismissing the speculations regarding his possible entry into India’s grand old party. Reports suggest that the Congress party declined to give Kishor a free hand, despite acknowledging the need for a strategic transformation ahead of the 2024 general election. "I declined the generous offer of #congress to join the party as part of the EAG & take responsibility for the elections," Kishor said in a tweet. "In my humble opinion, more than me the party needs leadership and collective will to fix the deep-rooted structural problems through transformational reforms," he added. A section of senior Congress leaders including Jairam Ramesh, Mukul Wasnik, Randeep Surjewala

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Criticism Is Essential Part Of Democracy, Yet Criticizing PM Is A Crime Under UAPA: Umar Khalid’s Councel

Sonia SolankiApril 28, 20220

Delhi High Court on Wednesday while hearing the plea of Umar Khalid asks if the intention of words like 'Jumla" used for PM is valid or not?. Umar Khalid is in prison for the last 583 days under UAPA for criticizing the PM during his speech in Amravati in Maharashtra in 2020. Delhi HC Observations The Delhi High Court hearing was governed by Justice Siddharth Mridul and Rajnish Bhatnagar. The bench also asks questions pertaining to the use of words like "Krantikaari" and "Inqualabi" by Umar Khalid. As such words and their sentiments had led to violence at any stage or not, is important to know. The bench of Delhi HC says that there has to be a fine line drawn for criticism. Justice Mridhul said, "Today, we live in the age of 5G where anything you say, if it uploaded on social ...

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ArticleINCIndiaPolitics

Prashant Kishor Declines To Join Congress Amid Party’s Reservations Over His Rejuvenating Plans

Snehashish RoyApril 26, 20220

Political strategist Prashant Kishor has turned down the Congress’ offer to join the party as a member of its Empowered Action Group. Speculations were high that Kishor would join hands with the India’s grand old party ahead of the 2024 Lok Sabha elections. “I declined the generous offer of #congress to join the party as part of the EAG & take responsibility for the elections. In my humble opinion, more than me the party needs leadership and collective will to fix the deep rooted structural problems through transformational reforms,” Kishor said in a tweet. Congress spokesperson Randeep Surjewala also announced Kishor’s decision to decline the offer to join the party. “Following a presentation & discussions with Sh. Prashant Kishor, Congress President has constituted a Em...

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ArticleElectionsNewsPolitics

Hardik Patel To Join BJP, Leaving Congress Behind; Criticises His Own Party

Gunjan ChaudharyApril 26, 20220

Days after criticizing his own party, Gujarat Congress leader Hardik Patel praised the centre ruling BJP. Hardik Patel said BJP has a better ability to make better political decisions as compared to others. He also said that he is proud to be a Hindu. He also put an end to all the speculation about joining the BJP. On these speculations, he said that all these things are baseless speculation. Hardik Patel is angry with INC's plan to include Naresh Patel in the party before these assembly elections. He felt that if Naresh Patel joins the Congress, he will lose his clout as the leader of the Patel community. He criticized the working pattern of Congress a week ago. On Friday, Hardik said that he has conveyed his opinion to the party's high command to make changes in it. He is hopefu...

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ArticleIndiaNews

Centre Appoints Economist Suman Bery As NITI Aayog’s Vice-Chairman; Know More About His Career!

Pooja YadavApril 26, 20220

The central government appointed economist Suman Bery as the vice-chairman of NITI Aayog after Rajiv Kumar resigned from the post on 22nd April 2022. Kumar had been appointed because the vice-chairperson of NITI Aayog five years ago. The cabinet committee had accepted Rajiv Kumar’s resignation and appointed Suman Bery as NITI Aayog’s full-time member and later because the vice-chairperson. Suman Bery was the National Council of Applied Economic Research (NCAER)'s director-general for a period of 10 years from 2001 to 2011. Being one of the senior visiting fellows at the Centre for Policy Research, Delhi. He's a world Fellow within the President of the United States International Center for Scholars’ Asia programme in Washington, DC. Also, he's a non-resident Fellow of Bruegel whic

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ArticleIndia

Government Blocks 16 YouTube Channels Broadcasting Anti-National Activities; 10 Operated From India

Gunjan ChaudharyApril 26, 20220

The Union Ministry of Information and Broadcasting of the government of India has blocked 16 YouTube news channels for spreading propaganda related to India's national security, foreign relations and public order in the country. These 16 blocked YouTube channels include 10 Indian and 6 Pakistan based YouTube news channels. The government of India issued a statement saying that through these YouTube channels, false, unverified information was being spread to create panic, incite communal disharmony among the people of the country and they are disturbing public order in India. Let us tell you that the number of viewers of these YouTube channels was way more than 68 crores, which is quite a large amount of people watching and getting influenced by this news. "None of these digital ne...

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ArticleFinanceIndia

Ukraine Crisis: Inflation, Interest Rates Likely To Increase Debt By Rs 60 Thousand Crore, Says Report

Gunjan ChaudharyApril 26, 20220

The size of risky loans is expected to increase by Rs 60,000 crore in the current financial year due to factors such as high inflation due to the Russia-Ukraine war,  the rating agency India Ratings gave this warning in a report on Monday. According to the report, due to these problems facing the economy, by the end of the financial year 2022-23, the amount of risky debt will be Rs 6.9 lakh crore. Had the Russia-Ukraine war not broken out, the debt-to-risk ratio in the current financial year would have remained at Rs 6.3 lakh crore. By risky debt, the rating agency means more than five times the debt taken by the rating agency keeping in view the operating profit of the companies. The rating agency has given this estimate on the basis of an analysis of 1,385 companies. In such...

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ArticleInternationalNews

Sri Lanka Crisis: Can Economic Relief Packages Without Political Reform Solve Problem?

Pooja YadavApril 26, 20220

As negotiators from the International fund try and talk of a bailout for the Democratic Socialist Republic of Sri Lanka at talks in Washington, they’ll little doubt press the requirement for stringent economic reforms. Any such rescue action will ultimately fail unless political changes are made, too. Politics helped create the country’s current crisis. An earlier government led by then-president Mahinda Rajapaksa borrowed heavily from China et al. to finance ambitious infrastructure projects, saddling states with unsustainable debts. His brother, former defence secretary Gotabaya Rajapaksa, then swept to power in 2019 and packed the govt. With cronies and relatives, including Mahinda Rajapaksa as prime minister and another brother as minister. In the subsequent year, the preside...

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