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Nobel laureate Esther Duflo, Raghuram Rajan, Arvind Subramanian named in Tamil Nadu CM’s economic advisory panel

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Raghuram Rajan

The Tamil Nadu government on Monday named Nobel laureate Esther Duflo and former Reserve Bank of India Governor Raghuram Rajan as part of a five-member Tamil Nadu Chief Minister MK Stalin’s economic advisory council.

The other members in the council are former Chief Economic Adviser Arvind Subramanian, development economist Jean Drèze and former Union Finance Secretary S Narayan.

The advisory council is being formed to guide Tamil Nadu Chief Minister MK Stalin to chart out inclusive economic growth for the state managing the state’s economic and social policies.

Establishment of the new council comes days after Chief Minister Stalin met Prime Minister Narendra Modi in Delhi.

In his ceremonial address during the first session of the 16th state legislative assembly in Chennai on Monday,  Governor Banwarilal Purohit said the newly-elected Tamil Nadu state government will constitute an economic advisory council to the chief minister with leading economic experts from all over the world as its members.

Governor announced the council while addressing the state Assembly at its first sitting since the Dravida Munnetra Kazhagam-led government assumed power.

Purohit said based on the recommendations of this council, the government will revitalise the state’s economy and ensure that the benefits of economic growth reach all segments of society.  He said the government will focus on improving the fiscal position and bringing down the debt burden. A white paper detailing the true state of Tamil Nadu’s finances will be released in July.

Purohit said the economic advisory committee and other groups will study the financial situation of the state and changes will be made accordingly to make the state’s economy stronger. Purohit concluded his speech by saying DMK-led government will be a people’s government and not the party’s.

This will be the first step towards bringing down the overall debt burden and improving the fiscal position, the governor said. The state government said the council will meet in person, or virtually, to fulfill its responsibilities and will decide its own operational modalities to achieve its objectives.  

In its notification, the state had said that the fiscal situation of Tamil Nadu is precarious with persistent high revenue and fiscal deficits and a large overhang of debt. At the same time, expectations of people are very high that the government will deliver on faster economic growth, social justice and equality in the state.

The state government has a Rs 5 lakh crore debt and interest payment for this is a huge challenge, particularly amid the pandemic.

Read Also: Chirag Paswan accuses Nitish Kumar of anti-Dalit mentality, says will expose true face of Kumar

Ahead of the April election the DMK had promised a cut in fuel prices, a monthly allowance of Rs 1,000 for housewives and waiver of student educational loans, none of which were mentioned by the Governor in his address.

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Armed Jaish terrorist held by BSF during infiltration attempt in Jammu and Kashmir

A Jaish-e-Mohammed terrorist armed with an AK rifle was arrested by the BSF in Jammu and Kashmir’s Akhnoor sector while attempting to infiltrate across the border.

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Terrorist arrested

A Jaish-e-Mohammed terrorist carrying an AK rifle was arrested by the Border Security Force in Jammu and Kashmir’s Akhnoor sector while attempting to infiltrate from across the border, according to official sources.

The arrested individual has been identified as Abdul Khalik, a resident of the Budhal area in Rajouri district. Security officials said Khalik was working as an overground worker for a terror network active in the Poonch and Rajouri regions.

Terrorist crossed over to Pakistan for training

Preliminary investigations revealed that Khalik had gone missing from his native area a few years ago and had crossed into Pakistan, where he allegedly received arms training. He was intercepted by alert BSF personnel near the International Border during an infiltration attempt and was subsequently taken into custody.

After his arrest, Khalik was handed over to the local police for further questioning and legal action.

Security agencies on alert along border areas

Officials view the incident as part of a renewed push to revive terror activities in Jammu and Kashmir by sending back local operatives familiar with the region’s terrain. Security agencies have also stepped up vigilance following inputs that multiple launch pads across the border have been reactivated after a prolonged lull.

Authorities said enhanced surveillance and counter-infiltration measures are in place across vulnerable sectors in the Jammu region to prevent further attempts.

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MNREGA may be renamed Pujya Bapu Gramin Rozgar Yojana, proposal sent to Cabinet

The Centre has proposed renaming MNREGA as Pujya Bapu Gramin Rozgar Yojana and increasing guaranteed employment to 125 days, with the proposal now before the Cabinet.

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The Central government has moved a proposal to rename the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGA), one of the country’s largest social security programmes, with the matter now placed before the Union Cabinet for approval. As per the proposal, the scheme could be rebranded as Pujya Bapu Gramin Rozgar Yojana

Preparations are underway to roll out the restructured programme, which is expected to increase the guaranteed employment days for rural households to 125 days per year, up from the current provision of at least 100 days.

Higher allocation and expanded employment guarantee

According to the information shared, the government is working on allocating more than Rs 1.5 lakh crore for the revamped rural employment scheme. The proposed changes are aimed at strengthening income support for poor families living in rural areas.

MNREGA, enacted as a labour law and social security measure, provides unskilled manual work to eligible rural households and legally guarantees the right to employment. At present, around 154 million people are employed under the programme, with women accounting for nearly one-third of the beneficiaries.

Background of the scheme

The employment guarantee programme was launched during the Manmohan Singh-led government and was initially known as the National Rural Employment Guarantee Act. In 2009, it was renamed after Mahatma Gandhi.

A key feature of the scheme is its decentralised structure, with the Panchayati Raj institutions responsible for ensuring 50 per cent of the work. Another crucial provision mandates that if employment is not provided within 15 days of application, beneficiaries are entitled to an unemployment allowance.

The proposal to rename the flagship scheme and expand its scope is currently awaiting Cabinet consideration, after which a formal decision is expected.

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Delhi Metro starts construction of new Golden Line linking Lajpat Nagar and Saket

Delhi Metro has commenced construction of the Lajpat Nagar–Saket G Block Golden Line under Phase-IV, aiming to improve connectivity across South Delhi.

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Delhi Metro

The Delhi Metro Rail Corporation has formally begun construction work on the Lajpat Nagar–Saket G Block corridor, also referred to as the Golden Line under Phase-IV of the metro expansion. The start of civil work marks a key step in extending metro connectivity in South Delhi.

The ceremonial groundbreaking and first test pile were carried out near Pushpa Bhawan in the Saket area, in the presence of senior DMRC officials. The construction is being executed by Rail Vikas Nigam Limited, which has been assigned the responsibility for this corridor.

Eight elevated stations planned on the corridor

The Lajpat Nagar–Saket G Block stretch will be a fully elevated line with eight stations along the route. These stations will be located at Lajpat Nagar, Andrews Ganj, GK-1, Chirag Delhi, Pushpa Bhawan, Saket District Centre, Pushp Vihar and Saket G Block.

According to officials, the corridor is expected to ease daily travel for residents of densely populated neighbourhoods such as Greater Kailash-1, Saket and Pushp Vihar. Improved access to schools, offices and commercial areas is also among the anticipated benefits once operations begin.

Integration with existing metro lines

The Golden Line will connect with three existing metro corridors, enhancing network integration in South Delhi. Lajpat Nagar will emerge as a triple-interchange station with links to the Violet Line and the Pink Line, while Chirag Delhi will provide interchange access to the Magenta Line.

Trains on the new corridor will have a capacity of about 900 passengers per trip, with each coach designed to carry nearly 300 commuters. Projections indicate that daily ridership on the line could exceed 1.2 lakh passengers by 2041 as train frequency increases and surrounding areas continue to grow.

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