Wednesday, Feb 19 2020 | Time 20:07 Hrs(IST)
  • Yogi raises question over oppositions' support to anti-CAA protests
  • SBI ATM in Kaithal uprooted, Rs 22 60 lakh stolen
  • Kejriwal meets Shah, discusses issues related to Delhi
  • MP CM touches on commissionerate system
  • PM Modi led panel decides names for CVC and CIC amid Congress protest
  • Man from Nanded arrested for raping his own married daughter
  • All free schemes to continue for next five years: Kejriwal
  • Bengaluru go down 2-1 to Maziya S&RC in AFC cup qualifying
  • HP CM dedicates projects worth Rs 350 cr in Kangra
  • Cheteshwar Pujara signs up six-game deal with English county Gloucestershire
  • Trump's visit: First standalone visit by a US President to India
  • Paswan interacts with Industry representatives
  • Modi will visit B'desh next month for Bangabandhu centenary: FM
  • Cong slams Govt over 'selection' of CVC, VC; says entire rules and regulations vitiated
States » North

Union budget is remarkable in length, but unremarkable in content: Manpreet Badal

Chandigarh, Feb 1 (UNI) Union budget-2020, was remarkable in its length, but unremarkable in its content,” said Punjab Finance and Planning Minister Manpreet Singh Badal.
Expressing concern at the “unreliable numbers”, Mr Badal said that the Union Finance Minister’s projection of nominal GDP growth rate of 10 per cent is ludicrous, when all the evidence is to the contrary. It is pertinent to mention that the International Monetary Fund, has estimated Indian real GDP growth rate for next fiscal to be around 4.8 per cent.
“An economy functions on four broad parameters--- private consumption, government spending, exports and corporate investment. The consumer spending is down, as is shown in the deceleration in automobile, FMCG, real estate and retail sectors. Exports have declined for five consecutive months now and government’s insular attitude would only exacerbate it. Corporate investment has not taken off, even after the finance minister announcing a steep decrease in corporate tax last year and government’s spending would be limited by fiscal deficit which as per finance minister’s own admission has ballooned to 3.8 per cent against a projected 3.2 per cent,” said Mr Badal, saying that the colossal mismanagement of the NDA government over last several years, has resulted in decline of all four drivers of economic growth.
“I hate to say this, but India seems to be headed towards stagflation. We expected structural reforms in the budget, but all we got was elaborate paeans to the Prime Minister. With this level of fiscal deficit, I expect a downgrade of Indian credit rating, by international agencies very soon,” added Mr Badal.
He said that he was particularly perturbed, over total absence of any scheme for employment generation for India’s youth. “A few years ago, Prime Minister was talking about frying pakodas, and now his economic managers have come out with this grotesque concept called Thalinomics,” he said adding that such callousness was criminal in nature, at a time, when Indian was facing its worst ever employment crisis, with unemployment at almost 10 per cent.
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SBI ATM in Kaithal uprooted, Rs 22 60 lakh stolen

19 Feb 2020 | 7:59 PM

Kaithal, Feb 19 (UNI) Some miscreants, wearing monkey caps, uprooted ATM machine of SBI bank in Matour village of this district, and and took away cash tray having Rs 22.60 lakh in the wee hours on Wednesday.
On getting information about this incident DSP Vinod Shanker and Kalayat SHO Bilasha Ram rushed to the village. The forensic team also reached the spot to pick up clues about this loot.

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MP CM touches on commissionerate system

19 Feb 2020 | 7:54 PM

Bhopal, Feb 19 (UNI) Madhya Pradesh Chief Minister Kamal Nath averred on Wednesday that the demand for implementation of a police commissionerate system has “neither been accepted nor outrightly rejected” by his administration.
The remark was made while he was addressing the inaugural session of the two-day Indian Police Service Officers’ Conclave at the state capital’s grand Minto Hall.

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BJP committed to protect interests of SC, OBC: Yogi

19 Feb 2020 | 7:54 PM

Lucknow Feb 19(UNI) Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday rejected the allegations leveled by opposition parties, saying that BJP represents every section of society and is committed for protecting the interests of the SC and OBCs and uplifting them in all spheres of life.

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HP CM dedicates projects worth Rs 350 cr in Kangra

19 Feb 2020 | 7:37 PM

Kangra, Feb 19 (UNI) Chief Minister Jai Ram Thakur on his tour of Jawalamukhi and Dehra assembly constituencies on Wednesday laid foundation stones and dedicated developmental projects worth about Rs 182 crore.

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Punjab: Ashu directs to complete Smart Card updating process by Feb 25

19 Feb 2020 | 7:23 PM

Chandigarh, Feb 19 (UNI) Punjab Food, Civil Supplies and Consumer Affairs Minister Bharat Bhushan Ashu on Wednesday directed the officials of the food and civil supplies department to complete the updating process of smart cards by February 25 by all means.

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