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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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Jharkhand government appeals to students to end recruitment exam protest

A Jharkhand government panel appealed to protesting students to end their agitation, saying authorities have accepted most of their demands.

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The Jharkhand government on Sunday appealed to students protesting over irregularities in recruitment examinations to withdraw their agitation and resolve the issue through dialogue.

A government panel said it was unfortunate that the students remained unwilling to end their protest despite authorities agreeing to most of their demands. The students, however, have maintained that they will continue the agitation until their demand for a CBI probe into the alleged irregularities is accepted.

The panel comprising Higher and Technical Education Minister Sudivya Kumar, Rural Development Minister Dipika Pandey Singh, Labour Minister Sanjay Prasad Yadav and Welfare Minister Chamra Linda addressed the media after a two-hour meeting.

Jharkhand government says ready for probes

Sudivya Kumar said the government had no intention of protecting anyone involved in alleged examination irregularities and was ready for investigations.

“It is unfortunate that students are not ready to withdraw the agitation, though we agreed to most of their demands,” Kumar said.

He appealed to the students and their parents to end the agitation and opt for dialogue to resolve the matter.

The government has also launched a portal inviting suggestions from students on examination reforms. Kumar said a Standard Operating Procedure would be prepared for conducting recruitment examinations transparently.

Security arrangements ahead of August 10 march

The panel said security arrangements had been made in view of the students’ planned march to the Jharkhand Assembly on August 10.

It also said steps would be taken to ensure that no student is harassed during the protest.

The students continued to press for a CBI probe into the alleged irregularities despite Chief Minister Hemant Soren and Governor Santosh Kumar Gangwar assuring them of justice.

Students remain firm on CBI probe demand

A fresh round of talks between the government and the protesting students earlier failed to produce a breakthrough.

The authorities said they had accepted 98 per cent of the students’ demands, with the demand for a CBI probe into alleged irregularities in the JSSC-CGL examination remaining the key point of disagreement.

Despite six rounds of talks, the students have continued their agitation, insisting that the alleged irregularities be investigated by the CBI.

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Assam Floods: Death toll reaches 100 as over 1.37 lakh affected

Assam’s flood death toll has reached 100, with over 1.37 lakh people affected across seven districts, according to ASDMA.

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Assam floods

The flood situation in Assam remained critical on Sunday as two more people died in separate incidents, taking the death toll from this year’s floods to 100, according to an official bulletin.

The Assam State Disaster Management Authority (ASDMA) said one person each drowned in floodwaters in Golaghat and Karbi Anglong districts during the last 24 hours.

More than 1.37 lakh people are currently affected by the floods across seven districts — Charaideo, Darrang, Golaghat, Jorhat, Karbi Anglong, Nagaon and Sivasagar.

Golaghat worst hit

Golaghat remains the worst-affected district, with nearly 70,000 people impacted by the floods. Sivasagar has around 40,000 affected people, while more than 16,000 people have been affected in Jorhat.

The flood situation has shown a slight improvement compared with Saturday, when nearly 1.5 lakh people across eight districts were affected.

Authorities are currently operating 125 relief camps and relief distribution centres across six districts. Around 49,061 flood-affected people are taking shelter at these facilities.

Relief supplies distributed

Over the last 24 hours, authorities distributed 710.44 quintals of rice, 127.85 quintals of dal, 38.34 quintals of salt and 3,773.7 litres of mustard oil among people affected by the floods.

Despite the slight improvement, 456 villages remain inundated. The floods have also damaged 11,933.46 hectares of cropland.

Floodwaters have caused damage to embankments, roads, bridges and other infrastructure in several districts.

Rivers above danger level

According to the ASDMA, Dhansiri at Golaghat and Numaligarh, along with the Kushiyara at Sribhumi, are currently flowing above the danger level.

The floods have also affected 43,331 domestic animals and poultry across Assam.

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Weather Updates: Delhi crosses August rainfall average in first eight days

Delhi has crossed its average August rainfall in just eight days, recording 230.1 mm at Safdarjung against the monthly average of 226.8 mm.

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Delhi Rains

Delhi has already surpassed its average rainfall for the month of August, with the Safdarjung Observatory recording 230.1 mm of rain in the first eight days of the month.

According to the India Meteorological Department (IMD), Delhi’s average total rainfall for August is 226.8 mm, based on the 1991-2020 climatological period.

Safdarjung had recorded 225.7 mm of rainfall between August 1 and 8.30 am on Saturday. A further 4.4 mm of rain was recorded between 8.30 am and 5.30 pm, taking the month’s cumulative rainfall to 230.1 mm.

Delhi records wettest August day in two years

The national capital also witnessed its wettest August day in two years on Saturday. Safdarjung received 98.7 mm of rainfall in the 24 hours ending at 8.30 am.

The last time Delhi recorded higher rainfall on a single August day was on August 1, 2024, when 107.6 mm of rain was recorded.

The city has been witnessing rainfall for the fourth consecutive day.

The IMD has forecast light to very light rainfall at some places in Delhi over the next two days.

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