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‘Growth down, but there won’t be recession. Ever’: FM Sitharaman on economy

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Finance Minister Nirmala Sitharaman on Wednesday acknowledged that the economic growth may have slowed a bit but refused to call it a recession and then asserted that the country will never face recession.

“If you are looking at the economy with a discerning view, you see that growth may have come down but it is not a recession yet, it will not be a recession ever,” Sitharaman told the Rajya Sabha in her reply to questions on the economic situation of the country.

“Thirty-two steps taken to revive growth in economy are bearing fruits,” she said.

Sitharaman pointed out that country’s real Gross Domestic Product (GDP) growth was at 6.4 per cent at the end of 2009-2014, but rose to 7.5 per cent between 2014 and 2019.

Dissatisfied with her response, Opposition MPs walked out of the Rajya Sabha during her reply.

India’s GDP decelerated to the slowest pace in 25 quarters in the June quarter, growing by only 5% as a downturn in household consumption took its toll on key sectors. It marked the fifth straight quarterly decline in growth — the first time since June 1997 that such a prolonged slump has been recorded.

The government has at various times referred to the state of the economy as a passing phase and has pointed out that India remains the fastest economy in the world.

Earlier this month, Moody’s Investors Service cut India’s economic growth forecast for current year to 5.6 per cent from the previous estimate of 5.8 per cent saying GDP slowdown is lasting longer than previously expected.

The country’s Index of Industrial Production (IIP) has contracted for two consecutive months now. Annual contraction in IIP was 1.4% in August and 4.3% in September. For the quarter ending September, IIP has contracted by 0.4% on an annual basis.

In September, former prime minister Manmohan Singh warned that the economy was “in the midst of a prolonged slowdown” because of “all-round mismanagement by the Modi government” and it had not yet recovered from the “man-made blunders” of demonetisation and the “hastily implemented” Goods and Services Tax (GST).

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4 arrested for sexual assault of spa employee

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Image: Pexels.com

Delhi Police captured four individuals after a worker of a spa center in Delhi’s Pitampura claimed she was molested and sexually exploited by its manager and a client.

A 22-year-old woman complained of rape in a spa center at Delhi’s Pitampura on Thursday.

Authorities from Maurya Enclave police station hurried to the spot and started the examination.

“On August 4, a PCR call was gotten at PS Maurya Enclave in regards to rape with a lady at a Spa Center, Pitampura Delhi. The police promptly arrived at the spot (the ocean spa center) where a victim aged 22 years along with her husband were present external the spa center and complained in regards to rape on her by the manager of the spa center and client,” said police.

She was sent to the hospital for her clinical assessment. A counselor from DCW visited her.

“She expressed that on June 30 she joined the spa on August 4 at around 6 p.m. one client came there along with the manager Rahul and requested sexual favors. Rahul offered her a soft drink, after drinking it she felt tipsy and both raped her,” said police.

A case under Sections 354A/328/376 D of IPC was registered and both the accused persons were arrested.

Source: ANI

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Gold medalist boxer became a robber in Delhi, arrested with two companions

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A burglary group has been busted in Delhi. A boxer was likewise remembered for this posse, who has additionally won gold decorations in certain contests. This posse of three individuals used to complete stealing from Baba Haridas Nagar of Delhi.

The group had looted a lady’s mobile phone in Baba Haridas Nagar on August 1. when the lady was getting back from work. The lady had let in her protest know that three unidentified individuals who had come on the motorcycle grabbed her mobile phone and took off. The police began the examination of the matter. Some CCTVs were additionally checked and individuals around were likewise addressed.

Then, at that point, on August 4, two individuals wandering in a similar region were gotten by the police. The first gave his name as Ankit (age 19 years) who hails from Jhajjar, Haryana. The other’s name is Shivam Kumar who lives in Sainik Enclave. He is additionally 19 years of age. The third is being told as a minor. The person who is there Ankit is a boxer. During interrogation, a stolen cell phone was also recovered from them.

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Unclaimed Bag, Tiffin Box in Delhi’s Rohini Spark Alarm But Nothing Suspicious Found

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Representational Image | Image Source: PTI

An unclaimed bag was found in Rohini region in delhi on Thursday, sending the security organizations like the special cell and bomb detection team soon to reach the spot and launched an investigation, police said.

After a careful review of the area, nothing suspicious was tracked down.

As per authorities, An unclaimed bag was tracked down in the parking lot close to DC Chowk, Rohini Sector-9.

A bomb identification and removal crew and sniffer canines had looked through the area, but it turned out to be a false alarm.

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