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Congress says inequality, inflation structurally corrosive to India’s long-term growth prospects

“These rates have fallen from 33.4 per cent (2004-2014) to 28.7 per cent (2014-2023),” he said.

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Urging the government to address concerns over the growing financialisation of the Indian economy, the Congress asserted on Friday that inequality, wage stagnation and inflation were structurally corrosive to India’s long-term growth prospects.

Highlighting these issues through a social media post on X, Congress communications general secretary Jairam Ramesh emphasised the critical need to boost private investment rates in order to sustain higher economic growth, which has declined from 33.4% (2004-2014) to 28.7% (2014-2023).

“These rates have fallen from 33.4 per cent (2004-2014) to 28.7 per cent (2014-2023),” he said.

Referring to an article by a notable public finance economist, Ramesh expressed additional concerns. He pointed out that the share of passive income in total reported income has increased significantly, from 16% in 2016-17 to 24% in 2023-2024.

Moreover, for the corporate sector, the share of passive income outside of operating profits surged from 16.6% to 30.7% during the same period.

This rise in passive income illustrates a shift in corporate focus towards financial investments over productivity-raising physical investments, propelled by the decline in physical investments due to muted post-Covid demand.

Ramesh emphasised that these structural issues, including inequality, wage stagnation, and inflation, extend beyond politics and can erode India’s long-term growth prospects significantly.

“Inequality, wage stagnation, and inflation are not just political issues — they are structurally corrosive to India’s long-term growth prospects,” he said. 

 He stressed that it is crucial for both the government and its chief economic advisor to acknowledge and address the growing financialisation of the Indian economy.

“If not the opposition, the government must listen to its own chief economic advisor, who has himself raised alarm over the growing financialisation of the Indian economy,” the Congress leader said.

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Delhi Pollution: GRAP 4 revoked in capital, NCR as air quality improves

The GRAP 4 measures were implemented in Delhi after the air quality index (AQI) hit alarming levels on 16th December 2024

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Delhi Pollution: GRAP 4 revoked in capital, NCR as air quality improves

The Commission for Air Quality Management (CAQM) today revoked Stage 4 of the Graded Response Action Plan (GRAP) across Delhi and the National Capital Region (NCR). Nonetheless, measures under stages 1, 2, and 3 will remain in force to manage pollution levels. The GRAP 4 measures have been in effect in the entire NCR since December 16 after deterioration in air quality. 

This move follows after the Central Pollution Control Board (CPCB) reported an Air Quality Index (AQI) of 401 at 8 AM. The AQI on Monday fell into the severe category, measuring 403 at 7 am. Reportedly, AQI in several areas of the national capital was also recorded as ‘severe.’

Reports said, Anand Vihar recorded an AQI at 439, 456 at Ashok Vihar, 473 at Bawana, 406 at CRRI Mathura Road and 430 at Narela. Notably, an AQI between 0-50 is considered good, 51-100 is satisfactory, 101-200 is moderate, 201-300 is poor, 301-400 is very poor, and 401-500 is severe.

The GRAP 4 measures were implemented in Delhi after the air quality index (AQI) hit alarming levels on 16th December 2024. The Air Quality Index breached the 350 mark during the day, prompting the GRAP Sub-Committee to implement Stage-III measures. On the same day, by 10 PM, the AQI soared to 401, surpassing the severe plus category threshold. According to the Supreme Court instructions, Stage-IV measures were immediately introduced to tackle the crisis.

The apex court had earlier mandated precautionary measures, requiring Stage-III actions for AQI above 350 and Stage-IV for AQI exceeding 400. These directions were reiterated on 5th, 12th, and 19th December 2024, underlining the urgency to address Delhi’s air pollution.

As Delhi continues to battle hazardous air quality, the intensified measures under GRAP Stages I, II, and III will focus on curbing pollution sources and improving monitoring. Furthermore, residents are urged to remain cautious and adhere to guidelines issued by the authorities to mitigate the impact of air pollution on health and daily life.

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Harleen Deol’s maiden century: From boundary brilliance to batting excellence

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harleen deol raises her bat in celebration after scoring her maiden century against west indies women

In a stellar display of batting, Harleen Deol achieved her maiden century in the second ODI between India Women and West Indies Women at Kotambi Stadium, Vadodara. India’s solid performance led to a commanding total of 358/5 in 50 overs, with Harleen’s 100 and Jemimah Rodrigues’ steady half-century laying the foundation. This performance comes as a testament to Harleen’s journey of resilience and determination, marking her rise from a promising young cricketer to a dependable force in the Indian team.

India’s captain Harmanpreet Kaur opted to bat first after winning the toss, and the team didn’t disappoint. Harleen, who has been a vital presence in the middle order, played a controlled yet attacking innings, stitching crucial partnerships and showcasing her range of strokes. Jemimah Rodrigues provided excellent support with a well-timed half-century, further cementing India’s dominance in the game.

The journey behind the century

Harleen’s journey to the Indian team hasn’t been without its share of challenges. Born in Chandigarh and raised in Himachal Pradesh, she found her love for cricket at a young age but faced the typical societal pressures of pursuing a sport not as mainstream for women in India. Her father, a doctor, and mother, a homemaker, always supported her ambitions, despite the odds.

She gained attention early in her career for her aggressive batting style and agile fielding. In domestic cricket, Harleen became a standout player for Himachal Pradesh, and her fielding abilities earned her a place in the Indian squad. Her boundary catch during a T20I match against England in 2021 became iconic, showcasing her athleticism and determination.

Rising above setbacks

Harleen’s entry into the national team was not without challenges. Competing with seasoned players and constantly adapting to international standards tested her resilience. However, she has continually worked on her batting technique and all-round skills, ensuring she became a regular feature in India’s setup.

Today, her maiden century is not just a personal milestone but a symbol of her relentless hard work. It reflects her transformation from being known for a single moment of brilliance on the boundary to being recognized as a complete player who can anchor innings under pressure.

A bright future for India’s star

As Harleen walked off the field with her bat raised, the applause from her teammates and the crowd echoed the pride in her achievement. Her journey is an inspiration for countless young cricketers dreaming of wearing the Indian jersey.

With her current form and growing confidence, Harleen Deol is poised to be a key player for India as the team builds towards future tournaments, including the home ODI World Cup next year.

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3-year-old girl trapped in 700-foot borewell for 20 hours in Rajasthan, rescue operations underway

Officials from the National Disaster Response Force (NDRF), State Disaster Response Force (SDRF), and local administration, are involved in the rescue operation.

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3-year-old girl trapped in 700-foot borewell for 20 hours in Rajasthan, rescue operations underway

In an unfortunate incident, a 3-year-old girl has been trapped in a 700-feet borewell in Rajasthan’s Kiratpur village for more than 20 hours. A rescue operation is currently underway to save her life.

Reportedly, officials from the National Disaster Response Force (NDRF), State Disaster Response Force (SDRF), and local administration, are involved in the rescue operation.

Speaking to the media, Sub Division Magistrate (SDM) Brajesh Choudhary stated that significant progress has been made in the operation and NDRF has been trying to pull the toddler out of the borewell.

He said that the teams of NDRF, SDRF, and administration have been trying to carry out the rescue operations. He added that they have placed a ring below the girl so they are hoping they can rescue her soon. He also affirmed that there has been no deterioration in the girl’s medical conditions.

As per SDRF Sub-Inspector Ravi Kumar, the rescue teams are facing significant challenges due to the compact soil surrounding the borewell. He explained that they are trying to reach the girl but because there is a lot of soil around her they have not been able to rescue her right now. He noted that the soil around her is set due to the moisture but they are trying to dig in the moisture. He said that as of now, they are not sure how much time it will take but they are trying their best.

Reports stated that the authorities have been at the spot since the incident was first reported, ensuring that the girl is rescued and handed over to her family safely.

Additionally, specialised equipment and techniques have been deployed to carefully dig and secure the area around the borewell while ensuring that the child is not harmed in any way.

In order to ensure her safe return, medical personnel are also present to monitor the child’s condition, while local authorities have cordoned off the area to maintain safety and minimise disruptions.

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