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World Bank cuts India’s growth projection to 6 per cent

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The World Bank has said that India’s growth rate is likely to fall to 6 per cent as the economy battles a slowdown. The growth rate stood at 6.9 per cent in 2018-2019.

The World Bank though said that GDP growth rate was expected to gradually recover to 6.9 per cent in 2021 and 7.2 per cent in 2022. The ‘South Asia Economic Focus’ report said growth will recover as rural demand benefits from effects of income support schemes, results of tax incentives and credit growth resumes.

“Exports growth is expected to remain modest, as trade wars and slow global growth depresses external demand,” the report added.

In the quarter ended June, India’s GDP growth slowed down to 5%. This is the slowest pace in which the economy has expanded since March 2013, when the growth rate was 4.7%. The slowing down of household, which also affected other sectors, demand was one of the major factors for the decline

The World Bank noted that growth decelerated for the second consecutive year and pointed out to the widening current account deficit. India’s current account deficit, a parameter which reflects the trade balance, was 2.1 per cent of the GDP in 2018-19 from the 1.8 per cent a year earlier.

The industrial output figures for August showed that output shrank by 1.1%, it had seen a growth of 4.2% a month ago. Earlier this month, data showed that the output of eight core sector industries that constitute about 40% of Index of industrial production recorded a 0.5% decline in August.

The auto industry is experiencing a hard time. In September, car sales slumped to 23.7%, the eleventh straight month of decline.

The government is working on several policies to boost the sluggish economy. Finance minister Nirmala Sitharaman has already announced five rounds of fiscal, administrative and policy measures to stimulate the economy since August 23. The biggest among these was the slasing of the corporate tax rates.

The Reserve Bank of India cut policy rates by 25 basis points this month and the central bank said it will continue its accommodative stance to revive growth.

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17-year-old boy apprehended in Delhi for stalking girls on Instagram.

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A 17-year-old boy has been apprehended by the Delhi Police for allegedly stalking a number of minor girls on Instagram and threatening to publish their private photos.

According to the police, a father filed a complaint after becoming concerned that his 14-year-old daughter’s Instagram photos might have been shared with others.

According to the police, both the father and the daughter were counseled. The girl had shared her private photos and videos with a friend on instagram, and now the friend is pressurizing her to have more inappropriate conversations and send more of her private photos, the police said.

A case was filed based on the statement made by the minor girl.

Source: IndianExpress

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Arvind Kejriwal and Bhagwant Mann inaugurates 400 Mohalla Clinic in Amritsar

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Image: Bhagwant Mann (Twitter)

Friday, Punjab Chief Minister Bhagwant Mann and Delhi Chief Minister Arvind Kejriwal inaugurated 400 Mohalla Clinics in Amritsar’s Putlighar.
Amritsar now has 400 mohalla clinics, bringing the total in the state to 500.

As a chief guest at the inauguration, Delhi CM Kejriwal expressed his happiness and noted that Punjab’s clinics were constructed in ten months rather than the five years it took to construct them in Delhi. He added that a lot of districts and villages will get new clinics.

“I am very happy and thankful for the citizens for believing in us. My little brother, Mann, has fulfilled another guarantee,” he said.

Kejriwal said, “Being a full state, Punjab suffers no interference from the central government unlike Delhi,” in an attack on the central government. Every village will receive more of these clinics in the coming years.”

Source: ANI

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Another Hit & Run Case: Car dragged scooty rider for 300 meters, one died

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Once again a case of hit, run, and drag has come to the fore in Delhi. One person died in this accident while the other is still admitted to the hospital. Delhi Police has arrested a total of 5 accused including the driver by registering a case under the section of culpable homicide not amounting to murder. CCTV footage of this incident has also come to the fore.

On the intervening night of Thursday-Friday, at around 3 pm, two PCR vans of Keshavpuram police station were patrolling the area. Only then the police personnel riding in it saw that a Tata Zest car hit an Activa scooty at Prerna Chowk in Kanhaiya Nagar area. Two youths were sitting on this scooty. One of the young men jumped in the air and fell on the roof of the car. At the same time, another young man jumped and got stuck between the windscreen and the bonnet of the car, while the scooty got stuck in the bumper below.

After this accident, instead of stopping the car, the accused fled from the spot, but the policemen posted in PCR caught all the 5 people in the car after chasing them for about 350 meters. During this, the policemen called the control room and informed them about the accident. The team that reached the spot took both the injured to the hospital, where one was declared brought dead by the doctors. The condition of the other youth remains critical.

Source: Aajtak

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