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SATURDAY, FEBRUARY 1, 2020 (PAGE 10) DAILY EXCELSIOR, JAMMU Protest against CAA, NRC Economic Survey projects revival of Leaders of 14 Oppn parties wear growth to 6-6.5 pc next fiscal black arm bands during Prez address NEW DELHI, Jan 31: It batted for aggressive disin- India's GDP growth rate being register property, pay taxes and NEW DELHI, Jan 31: is tension. vestment to bring higher prof- overestimated by 2.7 per cent post- enforcing contracts. "The Government is arrogant The Economic Survey today itability and efficiency, minimal 2011, saying the allegation was It also called for improving Registering strong protest and it is also lacking in compas- projected revival of economic Government intervention in mar- "unfounded" and "unsubstantiated governance in public sector banks growth to 6-6.5 per cent next fiscal against the NPR, NRC and the sion, the kind of violence that has kets, encouraging entrepreneur- by the data". and the need for more disclosure and suggested that the amended Citizenship Act, leaders been engineered, triggered and the ship, and supporting wealth cre- As has been argued earlier, the of information to build trust. It also Government should relax the of 14 opposition parties, including kind of language that the Ministers ation. Government has to prioritise talks about dwarfism in the bank- budget deficit target to boost the Congress, today wore black and the senior leaders of the BJP For the current fiscal, it pro- growth, the Survey for 2019-20, ing sector. growth from a decade low of 5 per jected a GDP growth of 5 per cent, which was tabled by Sitharaman Printed in lavender colour - the arm bands during the president's are using. Therefore, when we cent this year. the lowest in 11 years. in Parliament, said. same as the colour of the new 100 address to both the Houses of have questioned the Constitutional The Survey, released a day Commenting on the Survey, And for this, relaxing the fiscal rupee currency note, the oldest Parliament, saying it was "shame- morality of some of the steps taken before Finance Minister Nirmala Prime Minister Narendra Modi deficit target could be considered, currency note in circulation in the ful" on the part of the Government by the Government which we have Sitharaman presents the Union said the report focuses on wealth said the Survey -- an annual report country, the theme of this year's to claim the CAA as an achieve- said are discriminatory and divi- Budget for 2020-21, suggested a creation for Indians. "It outlines a card on the economy. economic survey is wealth cre- ment. sive. These should not have found cut in food subsidy to create fiscal multi-faceted strategy to achieve a Sitharaman had projected the ation. The opposition leaders earlier any reference in the President's space at a time when tax revenues USD 5 trillion economy through fiscal deficit at 3.3 per cent of the Stating that only when wealth also staged a protest outside address. Tomorrow, yes the were falling. enterprise, exports, ease of doing gross domestic product in her is created, it can be distributed, Mahatma Gandhi's statue in Budget will come but we know Facing the worst economic business and more," he tweeted. budget for 2019-20 but it is widely Subramanian said, "A feeling of Parliament complex and raised Congress president Sonia Gandhi with party MP Rahul that India is staring at a deepening Gandhi and other opposition leaders staging protest against slowdown since the global finan- Some economists believe the seen slipping to 3.8 per cent as the suspicion and disrespect towards slogans against the Government economic recession," he alleged. cial crisis of 2008-09 that wors- CAA, NRC and NPR at Parliament House in New Delhi on Survey's growth forecast is too slowdown lowered revenue col- India's wealth creators is ill- while standing in solidarity with "It is unfortunate that when the ened job prospects, the Survey optimistic as the recovery is likely lections and the Government pro- advised." Friday.(UNI) those protesting against the country is commemorating 150 said businessmen should be to be slow and shallow amid rising vided a tax stimulus to spur invest- In an attempt to boost demand, National Population Register Kazhagam (DMK), Rashtriya incident at Jamia on Thursday. years of Mahatma Gandhi and 500 respected as they create wealth inflation and declining investment. ments. the Reserve Bank cut interest rate (NPR), National Register of Janata Dal (RJD), Communist "The society is dangerously years of Guru Nanak, what is hap- and jobs. The Survey has been wide of This will be the third straight by 110 basis points in 2019 while Citizens (NRC) and Citizenship Party of India (Marxist), inching towards a civil war-like pening in India militates against For India to become a USD 5 the mark in forecasting growth in year when the Government will the Government speeded up the Amendment Act (CAA). Communist Party of India, Shiv situation and the Government is what they stood for and their trillion economy by 2025, it pre- four out of past five years. miss its fiscal deficit target. insolvency resolution process Sources said various opposi- Sena, Jharkhand Mukti Morcha solely responsible for it. The teachings. This is what the scribed strengthening trust in the "The deceleration in GDP Once the momentum picks up, under Insolvency and Bankruptcy tion parties would move amend- Janata Dal (Secular), Government's agenda is to divide Government is expected to economy, enabling and empower- growth can be understood within the Government can take action to Code (IBC) and easing of credit, ments on President Ram Nath Revolutionary Socialist Party the people to consolidate its own address, not to become an active ing markets, promotion of pro- the framework of a slowing cycle consolidate its expenses. Several particularly for the stressed real Kovind's address seeking the (RSP), Kerala Congress (M), Hindutva motive," Yechury said. agent in polarising and dividing business policies, and measures to of growth with the financial sector economies have done this in the estate and Non-Banking Financial removal of reference made to the Indian Union Muslim League Azad said there is no mention for short-term political gains," enhance farmers' income. acting as a drag on the real sector," past. Company (NBFCs) sectors. passage of the CAA from it. (IUML) and the National of unemployment, falling GDP, Sharma said. It also suggested reforms to it said. "The Government must use Cutting some of the Rs 1.84 "Impact of critical measures Leaders of these parties, Conference (NC), besides the price rise in the President's "So, we have said Rashtrapati make it easier to open new busi- its strong mandate to deliver expe- lakh crore food subsidy bill can taken to boost investment, particu- including Leader of Opposition in Congress, the sources said. address. Ji's 'abhibhashan' (address) did not nesses, register property, pay taxes ditiously on reforms, which will create the fiscal space, the Survey larly under the National Rajya Sabha Ghulam Nabi Azad "Fourteen political parties "The Government's claim that even have platitudes. This was a and enforce contracts. enable the economy to strongly said. Infrastructure Pipeline, present and Congress president Sonia protested outside Mahatma a lot of development has taken laundry list of wrong laws," he The Survey called for boosting rebound in 2020-21." It emphasized on raising capi- green shoots for growth in the sec- Gandhi did not sit on their desig- Gandhi's statue and sat on a dhar- place in Jammu and Kashmir after said. manufacturing with 'assemble in Survey-author Krishna- tal expenditure (and reducing rev- ond half of 2019-20 and 2020-21," nated seats in the front and second na there since morning and wore it was turned into a union territory Earlier in the day, top India for the world' concept and murthy Subramanian, Chief enue expenditure) that leads to it said. rows and sat together in one block black bands on their arms as a is a lie and a cruel joke on the peo- Congress leaders led by the underlined the need to spend USD Economic Adviser to the Finance asset creation. Listing global trade tensions in the Central hall of Parliament mark of protest against the NPR, ple of the state and the government Congress president staged a 1.4 trillion in infrastructure to Ministry, rejected his predecessor This means economic growth, and oil prices rising from an esca- during the President's address as a NRC and CAA," Azad told should apologise to them as well protest near Mahatma Gandhi's nearly double the size of the econ- Arvind Subramanian's analysis of which primarily is driven by con- lation in US-Iran standoff as mark of their protest. reporters, adding that the opposi- as the country," he said. statue in Parliament complex to omy to USD 5 trillion. sumer spending, has to now come downside risks to growth, it said The black bands were worn as tion leaders also left their designat- Yechury said all the parties are save the Constitution and express from greater investments. The GDP growth of India should a mark of protest against the ed seats in the front row and sat at concerned about the development solidarity with those protesting Survey emphasized on invest- strongly rebound in 2020-21 on a alleged attack on the Constitution the back. situation in the country, alleging against the Citizenship Act, NRC ment-led growth by focusing on low statistical base of 5 per cent of India with the passage of the "It is unfortunate that the that strife is rising.

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