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Prime Minister’s Economic Advisory Council identifies 10 areas for focus

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Prime Minister’s Economic Advisory Council identifies 10 areas for focus

[vc_row][vc_column][vc_column_text]The Economic Advisory Council (EAC) to the Prime Minister has identified 10 key areas, including economic growth and accelerating employment, to start work on immediately.

Briefing reporters after the EAC’s first meeting on Wednesday, Niti Aayog member Bibek Debroy said the council will again meet in November to discuss “critical issues” with next year’s budget in mind. “Next few months our focus will be on the preparation of the budget,” he said.

The EAC was set up last month amid concerns over a slowdown as economic growth slumped to a three-year-low of 5.7 per cent in the June quarter. Debroy, as the head of the five-member panel, chaired the EAC meeting, with the government’s Chief Economic Advisor Arvind Subramanian making a presentation.

Debroy said there was a consensus among the members about the various reasons for the slowdown of the economy. However, he said he was not ready to answer the question on the reasons for slowdown.

Debroy said the council has identified major priorities for accelerating growth and employment over the next six months, identifying 10 themes around which detailed reports will be prepared by its members  and the EAC will make recommendations in “collaboration and consultation” with existing government bodies.

“Whenever we will take any view on monetary policy, we will discuss with RBI…It is not our job to push those recommendations to the finance ministry, our job is to report to the Prime Minister,” he said.

He said the council is focused on critical interventions related to accelerating economic growth and employment, with greater social and financial inclusion, based on rigorous economic analysis.

Not going into elaborate details, Debroy said: “Its (EAC’s) role is to advice to the PM, to make recommendations to the Prime Minsiter. They are not meant to be announced in interactions with the media.”

Principal Advisor of Niti Aayog, Ratan Watal, who is also the member secretary of the council, said the EAC will work closely with government agencies, stakeholders and financial institutions. “We will be using the resources of Niti Ayog in helping us moving forward,” he said.

Earlier, Chief Economic Advisor to Ministry of Finance, Arvind Subramanian gave a presentation to the council on the state of the country’s economy.

Others members in the group include economists Surjit Bhalla, Rathin Roy and Ashima Goyal (part-time members).

A government statement before the EAC meeting said it will address “all issues of emergent importance and will engage with a broad spectrum of stakeholders”.

It said that the Council comprising of reputed economists and experts “is mandated to analyze all critical economic and other issues referred to it by the Prime Minister Narendra Modi and advising him thereon”.

“It is also required to address issues of macro-economic importance and presenting views thereon,” it added.

The EAC meeting happened a day after the International Monetary Fund pared the country’s GDP growth forecast for 2017 to 6.7 percent from 7.2 percent earlier, attributing it to demonetisation and introduction of the GST.

Read Also:-  World Bank, IMF cut India’s growth forecast…[/vc_column_text][/vc_column][/vc_row]

India News

Tamil Nadu potboiler: Now, Sasikala to launch new party ahead of election

Sasikala has announced the launch of a new political party ahead of the Tamil Nadu Assembly elections, positioning herself against AIADMK chief Edappadi K Palaniswami.

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In a significant political development ahead of the Tamil Nadu Assembly elections, expelled AIADMK leader V. K. Sasikala has announced that she will float a new political party and contest the polls by fielding her own candidates.

Speaking in Madurai before heading to Pasumpon for a public event, Sasikala said she would unveil her party’s flag later in the evening. She indicated that more details regarding the party’s structure and plans would be shared at the gathering.

The event venue carries political symbolism. Pasumpon is the birthplace of Thevar leader Muthuramalinga Thevar, and Sasikala herself belongs to the influential Thevar community in southern Tamil Nadu. The programme was held as part of birth anniversary events of former Chief Minister J. Jayalalithaa.

Direct challenge to EPS

Sasikala’s move is being viewed as a direct political challenge to AIADMK general secretary Edappadi K. Palaniswami (EPS). After Jayalalithaa’s death in 2016, Sasikala briefly took control of the party and had appointed Palaniswami as Chief Minister. However, following her conviction in the disproportionate assets case, she served a four-year prison term, and during that period, she was expelled from the party.

Palaniswami later aligned with O. Panneerselvam, whom Sasikala had earlier removed from the Chief Minister’s post. The two leaders subsequently adopted a dual leadership arrangement within the party and government.

Sasikala remains disqualified from contesting elections until 2027 due to her conviction. Nevertheless, she has stated that she intends to field candidates under her new party banner.

Fragmented Thevar vote base

Over the years, expulsions within the AIADMK — including Sasikala, her nephew TTV Dhinakaran and O Panneerselvam — have led to divisions within the Thevar support base. Political observers have linked this fragmentation to the party’s weakened electoral performance in the elections following Jayalalithaa’s passing.

While Dhinakaran has returned to the NDA fold, reports suggest Palaniswami is opposed to any arrangement that includes Sasikala or Panneerselvam. OPS, meanwhile, has exited the NDA.

Sasikala has repeatedly criticised Palaniswami, describing him as a betrayer, while he maintains that his leadership stems from the support of AIADMK legislators rather than her backing.

The AIADMK has not issued an official statement on Sasikala’s announcement. However, a senior party leader questioned her political standing, pointing out her disqualification from contesting elections and referring to legal issues linked to Jayalalithaa’s death.

With the Assembly polls approaching, Sasikala’s re-entry into active politics could further complicate the opposition space in Tamil Nadu and influence electoral calculations, particularly in the southern districts.

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As stealth reshapes air combat, India weighs induction of Sukhoi Su-57 jets

India is assessing the possible induction of up to 40 Sukhoi Su-57 fifth-generation fighter jets as stealth becomes central to future air combat strategy.

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Sukhoi Su-57 jets

Aerial warfare is increasingly being defined by the ability to remain undetected rather than by traditional dogfighting skills, and India is now assessing options to strengthen its capabilities in this new paradigm. Defence circles are abuzz with indications that the Indian Air Force may consider procuring up to 40 Russian fifth-generation Su-57 fighter jets, according to sources.

The possible move comes less than a year after Operation Sindoor, which was launched in May last year following the Pahalgam terror attack. The air engagements with the Pakistan Air Force during the operation are understood to have provided fresh operational insights, prompting discussions on future preparedness.

Why stealth is central to fifth-generation fighters

Fifth-generation fighter aircraft are designed with a strong emphasis on low observability. Platforms such as the Su-57 incorporate airframes shaped to reduce radar signatures and use radar-absorbent materials to make detection more difficult across radar, infrared and visible spectrums.

These aircraft typically integrate advanced avionics, sensor fusion and supercruise capabilities. They are also configured to carry specialised weapons internally, enhancing stealth during combat missions.

According to information available on Sukhoi’s official platform, the Su-57 is equipped with a deeply integrated avionics suite that offers a high level of automation and intelligent crew support. Its onboard systems enable it to operate autonomously and exchange data in real time with ground control systems or as part of a coordinated task force.

The aircraft can deploy a broad range of air-to-air and air-to-surface munitions, allowing it to undertake both fighter and strike roles. Sukhoi states that the jet is capable of conducting covert missions owing to reduced visibility across multiple wavelength ranges.

The Su-57 is also fitted with an auxiliary power unit designed to improve deployment autonomy and lower fuel consumption during ground operations. An onboard oxygen extraction unit enhances operational endurance. Additionally, the aircraft features an explosion-proof fuel tank system described as a generator-type neutral gas system, aimed at improving combat survivability.

Regional security context

The reported deliberations come amid evolving regional dynamics. China, regarded as Pakistan’s close strategic partner, has developed the J-20 fifth-generation stealth fighter, and there are indications that such capabilities could eventually be shared with Pakistan.

India is also pursuing its own fifth-generation programme, the Advanced Medium Combat Aircraft (AMCA). The first flight of the AMCA is expected around 2028 or 2029, with induction into the Air Force projected around 2035.

In this backdrop, any decision on the Su-57 would form part of a broader effort to ensure that the Indian Air Force remains prepared for future aerial warfare scenarios where stealth and advanced sensing capabilities play a decisive role.

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RSS chief backs nationwide rollout of Uniform Civil Code, cites Uttarakhand model

RSS chief Mohan Bhagwat has supported nationwide implementation of the Uniform Civil Code, urging adoption of the Uttarakhand model.

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Mohan Bhagwat

Rashtriya Swayamsevak Sangh chief Mohan Bhagwat has expressed support for implementing the Uniform Civil Code (UCC) across the country, stating that it would be a “very good thing” if adopted nationwide. He suggested that the framework introduced in Uttarakhand could serve as a model for other states.

Speaking at a former servicemen’s dialogue seminar organised to mark the RSS’s 100th anniversary, Bhagwat said the UCC should be implemented in a manner similar to the approach followed by Uttarakhand. The hill state became the first in the country to enforce the Uniform Civil Code on January 27 last year.

Highlighting the process adopted in Uttarakhand, Bhagwat noted that after a draft proposal was prepared, it was opened for public discussion. According to him, suggestions from nearly three lakh people were received, and these inputs were examined and incorporated.

Describing the UCC as essential for societal unity, the RSS chief said such a legal framework would strengthen social cohesion.

When asked about the ongoing issue concerning the University Grants Commission, Bhagwat declined to comment, stating that the matter is currently under consideration by the Supreme Court of India.

Addressing retired personnel from the armed forces and paramilitary services at the event, Bhagwat underlined the continuing importance of defence forces, even in an independent nation, to safeguard sovereignty.

He also reflected on the journey of the RSS, saying the organisation was established without external resources and continued to grow despite facing severe sanctions on two occasions. He attributed its progress to the confidence and support of society.

Encouraging participation, Bhagwat invited former servicemen to attend Sangh camps and programmes to observe the work of volunteers and contribute to service activities based on their interests and abilities.

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