English हिन्दी
Connect with us

India News

Rahul Gandhi blames demonetisation for negative GDP growth

Former Congress president Rahul Gandhi on Thursday blamed the 2016 demonetisation for the slump in the Indian economy which recently hit a steep minus 23.9 per cent drop in GDP in the April-June quarter.

Published

on

Rahul Gandhi

Former Congress president Rahul Gandhi on Thursday blamed the 2016 demonetisation for the slump in the Indian economy which recently hit a steep minus 23.9 per cent drop in GDP growth in the April-June quarter. In a video put out earlier today, the Congress leader said the November 8, 2016 decision to demonetise the old Rs 500 and Rs 1000 currency notes had led to the negative GDP shock and said the country must unite and fight. He called demonetisation an attempt to exterminate the poor, farmers and the unorganised sector.

Continuing with his series of video salvos at the Narendra Modi government, the former Congress president said the prime minister’s dream of realising a cashless India had turned into a project to rid the country of its farmers, labourers and small traders. Gandhi said the impact of the decision of November 8, 2016 had led to the disastrous GDP drop, said to be the sharpest decline in 40 years.

 The Congress leader asked the point of demonetization was to unearth black money but ended up unduly hurting the poor and benefiting industrialists. He also alleged that industrialists also had their loans waived.

The Indian economy shrank by a record minus 23.9 per cent GDP in the first quarter of the current fiscal. It is for the first time in 40 years when the GDP registered negative growth. During the coronavirus lockdown put in place in March and then extended as required, construction activity halved in the first 3 months and the manufacturing sector output fell through the floor at 39.3 per cent. Similarly, the gross value addition in mining dropped 23.3 per cent.

Read Also: Sardar Vallabhbhai Patel Covid Hospital, a beacon of hope in dreary days

The state of the economy has been of concern ever since the lockdown came into the picture. Opposition leaders had warned of the precariousness of the economy before the coronavirus outbreak. The Centre and state governments are in a stand-off over GST dues with the Union government asking states to borrow money from the market, while the states have pointed to the GST statute where the Centre is to compensate states for shortfall.

India News

Magnus Carlsen hails Gukesh Dommaraju’s historic Chess World Championship 2024 win

Published

on

Magnus Carlsen hails Gukesh Dommaraju's historic Chess World Championship 2024 win

Indian chess prodigy Gukesh Dommaraju etched his name in history by becoming the youngest-ever Chess World Champion 2024, defeating defending champion Ding Liren in the final round. The 18-year-old’s victory marks a monumental achievement, making him the second Indian to claim the title after Viswanathan Anand.

Gukesh’s remarkable performance throughout the tournament, including a standout display at the Candidates event, has drawn widespread praise, including from world number one Magnus Carlsen. The Norwegian legend lauded Gukesh’s strategic prowess and predicted a bright future for the young champion, suggesting he could soon become the world’s second-ranked player and possibly challenge for the top spot.

Carlsen, who chose not to defend his title in 2023 after a decade of dominance, commended Gukesh’s team for their innovative strategies. “It’s an incredible achievement. Gukesh’s performance in the FIDE circuit, the Chennai tournament, and the Candidates event was extraordinary,” Carlsen said during a recap stream.

The former world champion, however, ruled out the possibility of a title match with Gukesh. “I’m not part of this circus anymore,” Carlsen said, maintaining his decision to step away from world championship clashes.

Despite this, Gukesh expressed his admiration for Carlsen, stating his desire to compete against the Norwegian at some point. “Winning the Chess World Championship 2024 doesn’t make me the best player—Magnus Carlsen is still the benchmark. It would be an amazing challenge to face him,” Gukesh said during a press conference.

Gukesh’s victory has been celebrated as a milestone for Indian chess, highlighting the nation’s growing prominence in the global chess arena. Carlsen called it a “massive moment for India,” emphasizing the collective efforts that have fueled such successes.

“This is just the beginning,” Carlsen remarked. “There are many more success stories to come. Gukesh’s win is a testament to the hard work being done in India’s chess ecosystem. It’s heartwarming to see what it means to him and the country.”

With his victory, Gukesh Dommaraju has not only claimed the prestigious title but also set the stage for an exciting new chapter in international chess. As he aims for even greater heights, the chess world watches with bated breath to see how far this young talent will go.

Continue Reading

India News

Actor Allu Arjun arrested over Hyderabad theatre stampede

Published

on

Allu Arjun

Telugu superstar Allu Arjun has been arrested in connection with a tragic stampede outside Sandhya Theatre, Hyderabad, which led to the death of a 35-year-old woman and left her young son injured. The incident occurred on December 3 during an unscheduled visit by the actor to a screening of his much-anticipated film, Pushpa 2: The Rule.

The 41-year-old actor was taken into custody from his residence in Jubilee Hills and brought to the Chikkadpally Police Station. Present at the time of his arrest were his father, renowned filmmaker Allu Arvind, and other family members.

Police have registered charges against Mr. Arjun, members of his security team, and the theatre’s management, including culpable homicide not amounting to murder and voluntarily causing hurt. Investigators are focusing on whether the actor had obtained police permission for the visit and his interaction with fans at the venue, which is located in a busy area surrounded by multiple cinema halls.

The stampede unfolded after Allu Arjun and Pushpa 2 music director Devi Sri Prasad made an unannounced appearance at the theatre, attracting a massive crowd. According to Hyderabad Police Commissioner CV Anand, there was no prior notice from the actor’s team or the theatre management about the visit, nor were adequate crowd management measures implemented.

The deceased, identified as Revathi, and her nine-year-old son were caught in the chaos as fans pushed and shoved to catch a glimpse of the star. Police said the pair experienced severe suffocation in the packed crowd before being rescued and rushed to a nearby hospital, where Revathi was declared dead.

The commissioner noted that the lack of separate entry and exit points exacerbated the situation, further highlighting the negligence in planning.

Following the incident, Mr. Arjun moved the Telangana High Court on December 11 to request quashing of the case. However, Hyderabad Police continued their investigation, citing negligence on multiple fronts.

In the wake of the tragedy, Mr. Arjun expressed his grief on social media platform X, stating, “Deeply heartbroken by the tragic incident… My heartfelt condolences go out to the grieving family during this unimaginably difficult time.”

The actor pledged ₹25 lakh as financial assistance to Revathi’s family and assured full coverage of her son’s medical expenses.

Despite his public apology and promises of support, questions remain about the safety measures and planning surrounding the surprise appearance, which turned deadly. Further details are awaited as the investigation continues.

Continue Reading

India News

Privilege motion against Union Minister Kiren Rijiju for calling Opposition MPs unworthy of House

The Union Minister said that if the Opposition cannot respect the chair, then they have no right to be a member of this House.

Published

on

Privilege Motion against Union Minister Kiren Rijiju for calling Opposition MPs unworthy of House

Sagarika Ghose, Trinamool Congress MP on Thursday moved a privilege motion against Union Minister Kiren Rijiju for calling opposition MPs unworthy of being in Rajya Sabha.

Reportedly, the notice was endorsed by 60 opposition MPs. This follows a day after Kiren Rijiju, speaking to opposition MPs in Rajya Sabha, said that they all are not worthy of being in this house.

Addressing the media, Trinamool MP Sagarika Ghose said that the Minister for Parliamentary Affairs, Kiren Rijiju, instead of doing his best to run Parliament smoothly, has chosen to repeatedly insult the opposition.

She added that Kiren Rijiju has insulted opposition members and used personal terms both inside and outside Parliament. She continued that this is totally unbecoming of the high office he holds and amounts to total misuse of his position.

In a privilege motion against Union Minister Kiren Rijiju, Trinamool MP accused him of misusing his office and using unparliamentary language against the opposition. Many senior leaders from all opposition parties have signed the motion, she added.

Earlier on Wednesday, Kiren Rijiju criticised opposition members, saying they were not worthy of being in the House. He further defended Vice President and Rajya Sabha Chairman Jagdeep Dhankhar, who has faced opposition attacks.

The Union Minister said that if the Opposition cannot respect the chair, then they have no right to be a member of this House.

Nearly sixty MPs from the opposition INDIA bloc on Tuesday submitted a notice in the Rajya Sabha for a no-confidence motion against Jagdeep Dhankhar. The Opposition accused him of being extremely partisan in his role as chairman of the Upper House.

In the no-confidence motion, Congress Chief Mallikarjun Kharge said that the Opposition have no personal enmity or political fight with him, but want to tell the countrymen that they have taken this step to safeguard democracy, the Constitution, and after giving it a lot of thought.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com