Union Finance Minister Nirmala Sitharaman on Monday said there is no question of India getting into stagflation or recession like other major economies of the world despite Covid and geo-political situation.
In her reply to the debate on price rise in the Lok Sabha, Sitharaman said, “We have never seen a pandemic of this kind. I fully credit the people of India for this. Even against adversity, we are able to stand up and be recognised as the fastest growing economy,” she said.
The Finance Minister emphasized that due to the measures taken by the government, India is in a much better position than most countries. “Repeatedly in the assessment of global agencies, India remains the fastest growing economy in the assessment of global agencies. This House irrespective of the party should feel proud of the country and its people. State governments have helped,” she stated in the Lok Sabha.
Referring to a survey, Sitharaman said there is zero possibility of India getting into recession.
Sitharaman said the Gross Domestic Product (GDP) of the US fell 0.9 per cent in the second quarter following a 1.6 per cent decline in the first quarter. “They start it calling an unofficial recession. There is no question of India getting into recession or stagflation,” said the Minister.
“Pandemic, second wave, Omicron, Russia-Ukraine (war), even today largest supply components in China are under lockdown. In spite of that, we have held inflation well within 7 per cent or below. That has to be recognised,” she told Lok Sabha.
She further said, “4,000 banks in China are reported to be going bankrupt. In India, the gross NPAs (Non-Performing Assets) of scheduled commercial banks is at a 5-years low of 5.9 per cent in 2022.
So our NPAs are improving. The government debt to GDP Ratio of many countries is in triple digits including Japan, Greece, Bhutan, Singapore, the US, Portugal, Spain, France, Sri Lanka and Canada. But the central government very consciously controlled its debt and it is at 56.29 per cent of the GDP at the end of 2021-22 compared to the 59.9 per cent revised estimate that year.”
According to IMF data, Sitharaman said the general debt to GDP ratio is 86.9 per cent including the Centre and the state.
In July 2022, the Minister said the country has garnered the second highest level ever since the introduction of the GST which is 1.49 lakh crore. “In April 2022, it was 1.67 lakh crore which was the highest we reached. This is the fifth consecutive month that collections have been above Rs 1.4 Lakh crores,” she said.
Quoting former Reserve Bank of India (RBI) Governor Raghuram Rajan, she said, “On Saturday, Raghuram Rajan said that ‘RBI has done a good job in increasing foreign exchange reserve in India, insulating India from problems being faced by neighbouring countries such as Pakistan and Sri Lanka.
“Differentiating India from its vulnerable neighbours, Raghuram Rajan further added that ‘New Delhi is less indebted’, calling it a good sign, the Minister said.
Amid Sitharaman’s reply to the debate on price rise, Congress members walk out from Lok Sabha.
However, unsatisfied with the reply Congress staged a walk out. Around 20 members across parties participated in the discussion. Even like-minded parties like Naveen Patnaik’s Biju Janata Dal and the YSR Congress urged the government to intervene to arrest inflation.
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PM Narendra Modi invites ideas for ‘Mann Ki Baat’ episode, scheduled for 28 August
Prime Minister Narendra Modi invited people to share their ideas for an upcoming episode of Mann Ki Baat. The next Mann Ki Baat will be held on 28 August on 11 AM.
Taking to Twitter PM Modi said, “Looking forward to ideas and inputs for the upcoming #MannKiBaat program on 28th August. Write on MyGov or the NaMo App. Alternatively, record a message by dialing 1800-11-7800.”
Meanwhile, MyGov also stated that by giving a missed call on 1922 one will receive an SMS, and by following the link received on SMS one can directly give suggestions for the Mann Ki Baat episode.
“Send us your suggestions on the themes or issues you want the Prime Minister to speak about in the upcoming ‘Mann Ki Baat’ episode. Share your views in this Open Forum or alternatively you can also dial the toll-free number 1800-11-7800 and record your message for the Prime Minister in either Hindi or English. Some of the recorded messages may become part of the broadcast,” the MyGov said.
Moreover, PM Modi further said that COVID is still on and the country is still fighting against it.
While addressing ‘Mann’ Ki Baat’ in July PM Modi said, “Our fight against COVID is still on, and holistic healthcare has made an impact across the globe in this fight. AYUSH is now gaining prominence worldwide, leading to an increase in AYUSH exports.”
However, Mann Ki Baat hosted by Prime Minister Narendra Modi is an Indian radio program in which PM Modi addresses the people of the nation.
BJP parliamentary board revamped, Yediyurappa, Sonowal inducted
JP Nadda, the president of the Bharatiya Janata Party (BJP), reorganised the party’s parliamentary board on Wednesday by appointing former chief minister of Karnataka BS Yediyurappa, federal minister Sarbananda Sonowal, and former minister Satyanarayan Jatiya.
Shivraj Singh Chauhan, the chief minister of Madhya Pradesh, and former BJP president Nitin Gadkari have been removed off the board. When the parliamentary board was formed by the then-president Amit Shah in August 2014, Chouhan was the last BJP leader to be elected to the top panel of the party.
The decision to reorganise the parliamentary board was anticipated, especially in light of the five vacancies that have developed in the body’s 11 members starting in 2017, when board member M Venkaiah Naidu was elevated to vice president of the nation. Three significant party leaders passed away over the subsequent two years, Ananth Kumar in 2018, Arun Jaitley in 2019, and Sushma Swaraj in 2019. As a result, there were more vacancies.
Prime Minister Narendra Modi, Union Home Minister Amit Shah, BJP Chief JP Nadda, Union Defence Minister Rajnath Singh, Other Backward Classes (OBC) Morcha President K Laxman, National Commission for Minorities Chairman Iqbal Singh Lalpura, former BJP vice president Sudha Yadav, and former minister Satyanarayan Jatiya make up the new 11-member board in addition to Yediyurappa and Sonowal.
The parliamentary board has the authority to monitor and control party legislative and parliamentary activities, direct the creation of ministries, and control all organisational units that are subordinate to the national executive. Additionally, it has the authority to take necessary action in response to any violation of discipline by members or office holders of state units.
The party’s central electoral committee was also reconstituted by Nadda. Currently, the 15-member board is made up of PM Modi, JP Nadda, Amit Shah, Rajnath Singh, Sarbananda Sonowal, BS Yediyurappa, K Laxman, Iqbal Singh Lalpura, Sudha Yadav, Om Mathur, BL Santhosh, Satyanarayan Jatiya, Bhupendra Yadav, Maharashtra deputy chief minister Devendra Fadnavis
Former Union minister Jual Oram and Shahnawaz Hussain are not the part of central eelection committee anymore.
Serial killer arrested allegedly killing 3 people in Vishakapatnam
A man was arrested on Tuesday for allegedly killing three people. The accused has been identified as Rambabu who hails from the Anakpalli district.
The accused has committed the heinous crime of killing women after he was cheated by his wife by another man. According to the reports, the mental condition of the accused has not been stable.
“A man named Rambabu from Anakapalli district was arrested. He had murdered three people including a woman and a couple in a week. It was found that his mental condition was not good. Case registered in Pendurthi PS,” said Commissioner of Police, Visakhapatnam, Ch Srikanth,
However, further investigation into the matter is underway.
Are you anxious ?
There are days when you wake up to a sombre morning feeling disheartened, drenched in despair and uncertainty. It gets difficult to deal with incomprehensible situations and the difficulties of life, consequently leading to a bleak aura. The cynical approach and the proclivity to belittle our existence result in emotional instability. We often have to deal with situations where life takes a bizarre turn, which is the exact opposite of what we expected or something strong enough to break us emotionally.
Is there any ideal way to deal with that small pain of anxiety in your chest? What is the way to resolve discontent? It would have been so much easier if there were medications or a list of pharmacopeia to alleviate the entire emotional turmoil.
Growing up in an environment where mental health and emotional stability have always been trivialised and overlooked makes it difficult for us to communicate ourselves or even seek help.
Perhaps the pharmaceuticals cannot help us out, but a perspective shift could. A small shift from a tangled thought process to a positive perspective can bring a considerable change into our lives.
In the words of Robert Browning, “Fail I alone, in words and deeds? Why, all men strive and who succeeds? ” We tend to measure our capabilities and achievements on the pretext of the conventional standards we have been fed since childhood, but why can’t it be different? The aforesaid lines of the poet are to teach us to look beyond the social directions and make ourselves understand that the path of success can be different for every individual. There can be certain instances like a person working hard to get materialistic comforts while another person defies all those materialistic comforts in order to be happy. We should not allow societal regulations to limit our potential.
Dealing with anxiety often seems far-fetched, but there are solutions to it. Workout or exercise is a perfect way to combat indolence and be productive. Physical activity produces Endorphins and dopamine, also called happy hormones, and is a perfect antidote to stress.
Manifestation is yet another remedy played down. When Paulo Coelho said, “And, when you want something, all the universe conspires in helping you to achieve it,” he was talking about manifestation. This might sound spurious, but a belief in the process and a belief in oneself is magical.
Life has yet to go, things are yet to happen, this is just a bend, this isn’t the end.
5 unheard professions that will make you question your career path
As kids, we’ve always been asked this question by someone “Beta bade hoke kya banoge?” Everyone knows what it means to be a nurse, doctor, engineer, police officer, etc. but there are plenty of other jobs you have never heard of. Here’s a list of 5 such exotic jobs across the globe that you will not believe that this profession exists.
The worm picker is a worker who gathers worms and they usually work at night. These jobs fall under the broader career category of Farmworkers, Farm, Ranch, and Aquacultural Animals. This profession can be great outdoors “hunting” and collecting earthworms. These worms can be sold directly to fishermen to use as bait or you can sell them to Universities or other institutions that use the worms for teaching and research purposes. In the US range, the salaries of Worm Pickers start from $17,510 to $38,630, with a median salary of $23,750. If you talk about qualifications as such no qualifications are required. One thing you need is some skills and commitment if you’d like to make a living from this job.
Just shell out some cash and you get a rental boyfriend. Yes, you heard it right in Tokyo, if you have the money, finding a boyfriend is as easy. The rental boyfriend’s concept started when many strong independent Japanese working ladies found it difficult to maintain a relationship because of work. The Rent-a-Boyfriend comes in three models- Fresh ($40/hour), Regular ($48/hour), and Special ($56/hour). These charges do not include any physical activities but these include activities like shopping, a single hug, and hand-holding session. Earlier in 2018, a 29-year-old Kaushal Prakash from Mumbai launched Rent a Boy Friend (RABF), the app that claims to provide you with ‘friends’ on an hourly paid service. “In India, people have that typical ‘Log Kya Kahengey’ reaction, the same response girls get when they wear short clothes,” Prakash said. According to the founder, the app is meant to help people with mental health issues such as depression.
My first reaction when I came across this job was… Wow! The job of a candy taster is to taste different flavors of chocolates and candies and then get paid for it. Nowadays it is one of the emerging careers like others. As a candy taster one needs to everything about chocolates. Meanwhile, an online retailer of confectionery treats from chocolate bars to licorice, Candy Funhouse in Canada is looking for a Chief Candy Officer with a salary of up to Rs 60 lakh per year. “Imagine your best memories around candy, and having that every day at work,” Chief Executive Officer Jamil Hejazi said. It might be time for candy lovers to quit their jobs and divert their attention.
Do you often get a remark about being sleepy? Do you find it hard to come out of your bed even after sleeping for hours? Then it’s time to sleep and even after that you get paid for it. You get paid to… Sleep! Yes, you heard it right. A professional sleeper is a person who is paid to sleep while scientists research sleep disorders. While the human body is asleep doctors study the brain and other activities. If we talk about the salaries of professional sleepers the top earners earn $107,000 and the average pay scale is $60,024. Earlier in 2016, NASA (National Aeronautics and Space Administration) offered someone the chance to stay in bed for 70 days for a salary of £11,000 (RM67,000).
Water Slide Tester
All play and no work Water Slide Tester job is the most enviable job you’ll ever hold. The water Slide Tester’s job is to check or test if the water slides in hotels, water parks, and theme parks are both fun or safe. After testing the slides you will have to provide a report outlining any safety and performance issues. If one is interested to join this job the ideal age is 18 or above. The basic skills you will need to join this profession is- one should have good observation, a stable and calm mind and most importantly daring to ride all types of rides. Moreover, being a water slide tester you can earn between $30,000 – $34,000 annually. Imagine how fantastic it would be turning up to work every day.
Telangana CM KCR slams BJP; advises people not to fall prey to BJP’s policies
Telangana Chief Minister K Chandrashekar Rao on Tuesday slammed Bharatiya Janata Party (BJP) and advises people not to fall prey to BJP’s policies.
Earlier on Tuesday KCR inaugurated the District Collectorate office in Vikarabad.
“There is a need to protect Telangana so that the foxes do not come and eat it again. We need to see if it does not go back to the old system. We cannot let the conditions deteriorate again, and do not fall prey to their political interests. I fought for 14 years during the agitation. I went to the brink of death and achieved this state. We are implementing many welfare schemes. All these schemes should continue. Industries, IT, and agriculture should be advanced,” KCR said.
Speaking on the occasion KCR said, “Those at the Centre say that what we give are freebies. Some people with flags blocked my bus. What did they get done? Has BJP done any good for 8 years? People should discuss it. If we do not have a politically conscious society, we will be robbed. We were crushed in the hands of the united rulers. Farmers ate curd rice and died after consuming pesticides back then. We have to be vigilant and see those days do not come again.”
Meanwhile, attacking BJP KCR said no one has benefited from the central government.
“If you are fooled by the BJP flag, they will put meters for electricity in the fields and fill the bellies of big people. Should not the electricity in fields be given for free? Gas and petrol prices have increased. Banks are being robbed. Lakhs of crores of rupees have been looted,” KCR alleged.
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