English हिन्दी
Connect with us

India News

Hasty GST implementation, noteban to adversely affect GDP: Manmohan

Published

on

Manmohan Singh

[vc_row][vc_column][vc_column_text]Former Prime Minister’s earlier prediction of demonetisation bringing GDP growth down by 2 per cent had recently come true

With his prediction of demonetisation pulling down India’s GDP growth rate by two per cent having recently come true, former Prime Minister Dr Manmohan Singh has once again warned against the adverse impact of noteban coupled with effects of the hasty implementation of the Goods and Services (GST) regime on the country’s economy in the near future.

Singh, an economist of international repute, has warned that the hasty implementation of the GST regime that was rolled out in July along with the continuing effect of demonetisation will hit the country’s massive informal and small scale sectors which collectively account for nearly 90 per cent of India’s job creation.

Speaking to CNBC TV18, on Monday, the former Prime Minister said: “Both demonetisation and the GST have had some impact (on the GDP growth)… Both will affect the informal sector and the small-scale sector. These sectors are today responsible for 40 per cent of GDP.”

Singh added that “because the GST has been put into practice in haste, there are many glitches now coming up. This is bound to affect GDP growth.”

The senior Congress leader’s comments come in the wake of recent government data that showed the GDP growth slipping to a three-month low at 5.7 per cent for the April-June quarter – a decline that has been blamed on effects of demonetisation and the GST by a large section of economists and business leaders across the country.

Although the ruling government has been singing praises for Prime Minister Narendra Modi’s decision of October last year to declare the Rs 500 and Rs 1000 currency notes as no longer legal tender – a sudden announcement that flushed out 86 per cent of India’s currency from the market – the slump in the GDP had forced even Union finance minister Arun Jaitley to admit that the new tax regime had impacted the country’s manufacturing sector.

As businesses destocked inventories ahead of the GST kick-off from July 1, gross value added (GVA) in manufacturing declined to a low of 1.2 per cent, from 10.7 per cent, year on year. Gross Domestic Product (GDP) growth in the first quarter of 2017-18 was lower than 6.1 per cent of the preceding one and 7.9 per cent in the same period last fiscal.

Jaitley had said that the fall in GDP growth was a “matter of concern”, although he expressed hope that the economy will bounce back to a 7 per cent growth once effects of GST implementation on de-stocking ease in the current quarter.

Singh, however, doesn’t share Jaitley and the Modi government’s optimism. Shortly after demonetisation was implemented, the former Prime Minister had, while speaking in the Rajya Sabha, called the move an “organised loot and legalised plunder”. In the aftermath of the GST rollout too, Singh had told a meeting of the Congress Working Committee – the apex decision making body of the principal Opposition party that the economy was “running on just one engine of public spending”.

While his prediction of a 2 per cent fall in GDP growth rate due to demonetisation has been proven true, much to the chagrin of the Modi government, it remains to be seen whether the Centre will pay heed to the former PM’s advice now.[/vc_column_text][/vc_column][/vc_row]

India News

Drunk speeding Audi crushes pedestrians in Jaipur, one killed and 15 injured

A late-night crash involving a drunk speeding Audi in Jaipur left one pedestrian dead and at least 15 others injured after the car ran over roadside vendors and pedestrians.

Published

on

car accident

One person was killed and at least 15 others were injured after a speeding Audi car, allegedly driven by drunk occupants, ran over pedestrians and roadside vendors in Rajasthan’s Jaipur late Friday night.

According to the police, the luxury car lost control and first hit a road divider before ploughing into food carts and roadside stalls over a stretch of nearly 30 metres. The vehicle eventually crashed into a tree and came to a halt, damaging several parked vehicles along the way.

Visuals from the scene showed shattered food carts scattered across the road, while the Audi was left completely mangled due to the impact.

A total of 16 people were hit in the incident and were rushed to a nearby hospital. Four of the injured were reported to be in critical condition and were later referred to Sawai Man Singh (SMS) Hospital for advanced treatment.

One of the injured, identified as Ramesh Bairwa, a resident of Bhilwara, succumbed to his injuries during treatment.

Police officials said that four people were inside the car at the time of the crash, and all of them were allegedly under the influence of alcohol. While one person has been arrested, three others fled the spot after the incident.

The driver of the Audi has been identified as Dinesh Ranwan, a resident of Churu district in Rajasthan. The vehicle has been seized, and a search is underway to trace the remaining accused.

Rajasthan Chief Minister Bhajanlal Sharma expressed grief over the incident and instructed officials to ensure proper medical care for the injured. Deputy Chief Minister Premchand Bairwa and Health Minister Gajendra Singh Khimsar visited the hospital to enquire about the condition of those injured.

Continue Reading

India News

Mamata Banerjee says ED raids on I-PAC have politically rejuvenated her

Mamata Banerjee led a protest rally in Kolkata after ED raids linked to I-PAC, saying political attacks only rejuvenate her and accusing the Centre of misusing agencies.

Published

on

mamta banerjee

West Bengal Chief Minister Mamata Banerjee on Friday escalated her confrontation with the Centre following Enforcement Directorate (ED) raids linked to the Indian Political Action Committee (I-PAC), asserting that political attacks only strengthen her resolve.

Banerjee led a nearly 6-kilometre protest rally in Kolkata, beginning from Jadavpur and ending at Hazra, with senior Trinamool Congress leaders and party workers marching alongside her. Large crowds gathered along the route in a show of support.

Addressing party supporters after the rally, the Trinamool Congress chairperson defended her decision to enter the residence of I-PAC co-founder Pratik Jain during the ED raids on Thursday, an act that has drawn criticism from the Bharatiya Janata Party and prompted demands for an investigation.

“I did nothing illegal. I went there as the Trinamool Congress chairperson,” Banerjee said, adding that several items had already been taken away by the time she reached the premises.

Allegations of misuse of central agencies

The chief minister accused the Centre of using agencies such as the ED and the Central Bureau of Investigation for political purposes. Questioning the intent behind the raids, she said political opponents were attempting to weaken her party ahead of the 2026 West Bengal Assembly elections.

“If someone tries to kill me politically, don’t I have the right to defend myself?” she asked.

The ED action against I-PAC is linked to an alleged coal scam. Banerjee claimed that leaders from the BJP were also involved in coal-related irregularities and asserted that she possessed evidence. “I have proof on pen drives. I will release it when the time comes,” she said.

‘Politically rejuvenated and reborn’

Taking a combative tone, Banerjee said repeated attempts to target her had only made her stronger politically. “If someone tries to hit me politically, I get politically rejuvenated and reborn,” she declared.

Referring to recent political developments in other states, she alleged that central agencies had been used to destabilise elected governments elsewhere, adding that similar attempts would fail in West Bengal. She expressed confidence that the Trinamool Congress would secure a decisive mandate in the 2026 Assembly polls.

BJP hits back

The BJP accused the West Bengal government of corruption and claimed that the chief minister’s actions during the ED raids raised serious questions. Party leaders alleged that Banerjee had intimidated officials and demanded that she be made an accused in the case.

The political confrontation comes hours after several Trinamool Congress MPs, including Derek O’Brien and Mahua Moitra, were detained by Delhi Police while protesting outside Union Home Minister Amit Shah’s office. Banerjee criticised the detentions, describing the ruling party’s approach to democracy as one that demands “obedience”.

Continue Reading

India News

Ayodhya bans online delivery of non-veg food within 15 km of Ram temple

Ayodhya authorities have prohibited online delivery of non-vegetarian food within 15 km of the Ram temple following complaints over violations in sacred areas.

Published

on

Ram Mandir

The Ayodhya district administration has imposed a ban on the online delivery of non-vegetarian food items within a 15-kilometre radius of the Ram temple, following repeated complaints about violations in religiously significant areas.

Officials said the decision was taken after residents and pilgrims raised concerns over online food delivery platforms supplying non-vegetarian items in locations falling under the Panchkosi Parikrama route, considered sacred by devotees.

Complaints against hotels and online platforms

Authorities also flagged reports suggesting that certain hotels and homestays in Ayodhya were serving non-vegetarian food and alcoholic beverages to guests, despite restrictions. Establishments have been issued strict warnings to immediately stop such practices, officials said.

The ban comes months after the Ayodhya Municipal Corporation decided in May 2025 to prohibit the sale of liquor and meat along the 14-km Ram Path, which connects Ayodhya with Faizabad. However, locals claim that liquor sales continue along the route, with more than two dozen outlets still operating.

A municipal officer said meat shops along the Ram Path, including those in Faizabad, had been removed. However, action against liquor vends requires authorisation from the district administration, leading to delays in enforcement.

Monitoring to ensure compliance

Assistant Food Commissioner Manik Chandra Singh said complaints had surfaced that non-vegetarian food continued to be delivered to tourists through online platforms despite existing restrictions.

“Following these complaints, a ban on online non-vegetarian food delivery has been imposed. Hotels, shopkeepers and delivery companies have been informed, and continuous monitoring will be conducted to ensure compliance,” Singh said.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com