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Outlook for Indian economy bright, 7 pc growth likely in 2024-25: RBI

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Mumbai, May 30 (IANS) The outlook for the Indian economy remains bright with the GDP growth likely to be at a robust 7 per cent in 2024-25, the Reserve Bank of India (RBI) said in its annual report released on Thursday.

Against the backdrop of subdued global economic activity and multiple headwinds, the Indian economy expanded at a robust pace in 2023-24, with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year – the third successive year of 7 per cent or above growth, the report pointed out.

The sustained strengthening of macroeconomic fundamentals, robust financial and corporate sectors and a resilient external sector are expected to drive growth in 2024-25, the report stated.

The government’s continued thrust on capex while pursuing fiscal consolidation, and consumer and business optimism augur well for investment and consumption demand, it added.

According to the report, the prospects for agriculture and rural activity appear favourable due to the ebbing El Nino and the expected above-normal southwest monsoon.

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The extension of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) scheme for a period of five more years with effect from January 1, 2024 will strengthen national food security.

The government’s focus on AatmaNirbhar Oilseeds Abhiyan, the expansion of environmentally sustainable nano diammonium phosphate (DAP) in all agro-climatic zones and the promotion of bioeconomy through a new bio-manufacturing and bio-foundry scheme in the interim Union Budget 2024-25 would also support the agriculture sector.

The Union government’s impetus to growth-inducing capital spending is likely to be sustained in 2024-25 with more than half of borrowings directed towards financing of capital outlay.

The central government extended the financial assistance scheme for states’ capital expenditure to 2024-25 with an outlay of Rs 1.3 lakh crore. The budgeted reduction in gross market borrowings from 5.3 per cent of GDP in 2023-24 (RE) to 4.3 per cent of GDP in 2024-25 (BE) will enhance the flow of funds to the private sector and support private investment.

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The fiscal outlook for states remains favourable, with adequate fiscal room to pursue increased capital expenditure. The digitalisation of the tax system has enhanced tax collections, with the Centre’s direct tax revenues budgeted to reach 6.7 per cent of GDP in 2024-25, the highest in three decades, it adds.

–IANS

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Yogi Adityanath leads Yoga Day celebrations in Lucknow

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Lucknow, June 21 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath and Governor Anandiben Patel led the International Yoga Day celebrations here on Friday at Raj Bhawan.

A large number of bureaucrats, including Uttar Pradesh Chief Secretary Durga Shankar Mishra, also participated in the event.

This year’s celebration theme, “Yoga for Self and Society,” emphasises yoga’s impact on personal well-being and community health.

The event aims to boost grassroots participation and promote yoga in rural areas.

The International Day of Yoga is observed every year on June 21 to highlight its immense benefits for overall health and well-being. This observance was established by the United Nations in 2014.

Prime Minister Narendra Modi proposed the idea of a global day dedicated to yoga during his 2014 address to the United National General Assembly (UNGA).

In December 2014, the UNGA passed a resolution declaring June 21 as ‘International Yoga Day’.

The United Nations describes yoga as an ancient practise with physical, mental, and spiritual elements, originating in India.

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The word ‘yoga’ comes from Sanskrit, meaning to join or unite, which signifies the integration of body and consciousness.

–IANS

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Price of Ayodhya shops slashed by 30 pc for allotees

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Lucknow, June 21 (IANS) In a major policy change, the Ayodhya Development Authority (ADA) has slashed the price of shops by 30 per cent for allottees who were displaced due to a road widening project undertaken in the temple town, government officials said.

In addition, it approved the proposal to hand over 500 newly constructed shops to allottees in Ayodhya on 20-year easy instalments without interest.

Now that it has been cleared, the ADA will send the proposal to the Uttar Pradesh government.

Ayodhya Divisional Commissioner Gaurav Dayal, who chaired the board meeting, said, “We have approved a proposal to cut shops’ cost by 30 per cent. In addition, shops will be handed over to allottees on a 20-year easy instalment without interest.”

Dayal is also the Chairman of the Ayodhya Development Authority.

These shopkeepers were displaced in the 13-km road widening project from Sahadatganj to Naya Ghat which has been named as Ram Path. The project was completed in December 2023.

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Earlier, shopkeepers had to pay the full amount to the ADA to take possession of shops.

As these shops cost around Rs 15 to 20 lakh, shopkeepers were unable to pay the amount. The only option before them was to take bank loans.

In December last year, these shops were ready. But due to financial constraints, only around 75 shopkeepers took possession of shops till the last month.

“We are thankful to the state government for bringing down the cost of shops by 30 per cent. And the remaining amount will be payable in easy interest-free instalments of 20 years,” said Ved Prakash Gupta, a BJP MLA from Ayodhya (Sadar) Assembly constituency.

In the recently concluded Parliamentary election, the BJP suffered one of its most humiliating defeats in the Faizabad Lok Sabha constituency where its two-time MP Lallu Singh lost to Samajwadi Party’s Awadesh Prasad.

The INDIA bloc candidate won the prestigious seat by a margin of 54,567 votes.

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After the grand opening of the Ram Mandir in Ayodhya by Prime Minister Narendra Modi on January 22 this year, the people of Faizabad voted for the first time and rejected the BJP.

State BJP Chief Bhupendra Chaudhary was in Ayodhya on a two-day visit from Wednesday to ascertain the reasons behind the party’s defeat in the temple town.

–IANS

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Akhilesh for court-monitored probe in paper leak

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Lucknow, June 21 (IANS) Samajwadi Party President Akhilesh Yadav has demanded a court-monitored probe to unmask those behind paper leaks even if it involves those who enjoy the patronage of people in government.

Lashing out at the Union government over the cancellation of the UGC-NET exam following an alleged paper leak, he said that the exam mafia was making a mockery of students’ future.

“Such frequent paper leaks raise concerns if it were a part of a deeper conspiracy to destabilise India’s human resource and cause law and order situation. A court-monitored probe was a must to unravel the truth,” he added.

He also said, “In February, the police recruitment examination paper was leaked and thereafter that of the review officer and assistant review officer (RO/ARO). The agencies then made a mockery of the NEET. Now the UGC-NET exam has been cancelled after it was leaked.”

He added that irregularities in the NEET exam will lead to a situation where honest and dedicated students will not be able to clear the exams on their merit and add to the shortage of qualified and efficient doctors.

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Akhilesh said: “If undeserving individuals make it through using unfair means, ultimately it will reflect poorly on the quality of medical treatment in the days to come. The situation gets more concerning since the exam is held at the national level.”

“Similarly, cancellation of the UGC-NET exam will cause delay in making available qualified teachers. Shortage of teachers will directly and indirectly impact the development of the country which in turn will prove detrimental to the nation,” he added.

–IANS

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20k vehicles fined for using pressure horns, hooters in UP

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Lucknow, June 21 (IANS) With the Uttar Pradesh Chief Minister Yogi Adityanath calling for an immediate ban on the use of pressure horns and hooters in government and private vehicles, the Uttar Pradesh Police has fined 20,000 vehicles during the weeklong drive so far, the police said.

As many as 2.75 lakh vehicles have been checked by the police across the state since the Chief Minister issued orders.

A senior police officer said that 3,900 vehicles were booked for using hooters and pressure horns in their vehicles. Others include the use of police colours and insignia of the Uttar Pradesh government.

Uttar Pradesh Police collected a fine of Rs 1.3 crore.

Director General of Police (DGP) Prashant Kumar said efforts were being made by the police and transport departments to enforce the statewide ban.

“Traffic police at district and state levels have devised a plan for effective implementation of the order,” he added.

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Additional Director General, Traffic Directorate, B.D. Paulson said a month-long drive against pressure horns has been started.

“District police chiefs and commissioners will ensure compliance of the order. The drive will also crack down on the use of tinted windows in vehicles,” he added.

Lucknow Joint Commissioner Of Police, Law and Order, Upendra Agarwal, said as part of the drive sale of horns and hooters would also be banned.

“While checking 1,718 vehicles using blue lights and hooter sirens, 315 vehicles were asked to remove hooter sirens and pressure horns. They were also issued challans and a mitigation fee of Rs 44,500 was collected,” said a traffic police officer.

Police colours and names of departments inscribed on 346 cars were removed during the inspection of 2,178 vehicles that were using police colours.

Additionally, while issuing challans, an immediate mitigation fee of Rs 65,500 was collected.

Likewise, plates and stickers with the Uttar Pradesh government and the Government of India (except contract vehicles) were removed from 244 vehicles and while issuing the challan, a fee of Rs 47,400 was collected.

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–IANS

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UP man claims sex change operation without his consent, case filed

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Muzaffarnagar, June 21 (IANS) In a bizarre incident, a 20-year-old man in Uttar Pradesh’s Muzaffarnagar has alleged that he was operated for sex change without his consent at a local hospital, the police said.

However, the hospital has claimed that the man underwent the sex reassignment process of his own will.

The 20-year-old man claimed that one Om Prakash used to molest him.

On June 3, the man said Om Prakash took him to the hospital, where he was sedated and deceptively made to undergo an operation.

When he woke up the next morning, he found his genitals were cut off.

“When I woke up, Om Prakash told me that I am a woman now and that he would take me to Lucknow to marry me. He threatened to kill my father if I resisted,” the man said, adding that the doctors and staff at the hospital were colluding with Om Prakash.

Based on a complaint by the man’s father on June 16, the police have arrested Om Prakash.

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However, members of the Bharatiya Kisan Union staged a protest outside the hospital, alleging there was laxity in the police investigation.

According to farmer leader Shyam Pal, the doctors at the hospital were involved in the illegal organ trade.

“I believe there is a very big racket going on here where they remove vital organs of the body and sell them at a higher price,” he said.

Pal also demanded the government to direct the hospital to pay Rs 2 crore compensation to the man and his family.

Ramashish Singh, Circle Officer of Khatauli police station in Muzaffarnagar, said, “There was a case here in which a person was operated for sex change. His family members alleged that he was misled by another person and the operation was done. Whatever allegations have been made by them, have been taken into consideration. Further investigation is underway.”

However, hospital authorities denied the man’s claim that he was deceptively operated on.

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According to Chief Medical Superintendent Kirti Goswami, the man had been coming to the hospital regularly for two months to meet Raza Farooqui, a plastic surgeon.

Goswami said that the man identified as a woman and wanted to undergo sex reassignment surgery.

The Chief Medical Superintendent said that Farooqui referred the man to two psychiatrists to assess his mental condition, which is a prerequisite before a sex-change operation as per law.

The man was operated on only after the two psychiatrists deemed him mentally fit.

“The man came here to get admitted on June 4 and his operation was conducted on June 6. All these procedures are legal and were conducted under the supervision of Farooqui,” Goswami added.

Goswami also claimed that the authorities had a video of the man before his operation, in which he could be seen talking about undergoing an operation to change his gender.

–IANS

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