'Recovery Will Lift Growth to 7-7.5%'
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Tirupati . lucknow NEARBY ‘Recovery will lift growth to 77.5%’ Govt. has curbed I Economic Survey says eects I Sounds a note of caution on I Calls for mediumterm focus ination: Kovind of note ban, GST have receded rising oil prices, stock markets on education and agriculture Focusses on economic democracy Special Correspondent Special Correspondent HC transfers plea of AAP New Delhi NEW DELHI MLAs to Division Bench The economy is set to grow President Ram Nath Kovind, NEW DELHI at 77.5% in the next nancial on the rst day of the Bud The Delhi High Court on year on the back of reviving get session on Monday, ad Monday transferred the pleas exports and investment even dressed a joint sitting of Par of the 20 former AAP MLAs, as the negative eects of de liament where his speech who are challenging their monetisation and the teeth focussed on “ensuring so disqualication for holding ing troubles of the Goods cial justice and economic oce of prot, to a larger and Services Tax recede, democracy.” Bench comprising two Chief Economic Adviser Ar In what appeared to re judges. Till now, the case was vind Subramanian said in the ect key areas for the go being heard by a singlejudge Economic Survey 2018. vernment, Mr. Kovind men Ram Nath Kovind addresses Bench. The Survey, tabled in Par tioned about giving the both Houses of Parliament DELHI METRO Ī PAGE 1 liament by Finance Minister highest priority to agricul on Monday. * PTI DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD Arun Jaitley on Monday, ture, dignity for women by further predicted that GDP building toilets, providing reign exchange reserves in Cow vigilantism: SC growth in the current nan cooking gas connection, im excess of $410 billion as an seeks reply from 3 States cial year would touch 6.75%, proving maternity benets achievement of the govern NEW DELHI higher than the 6.5% esti and expressing hope that ment. The Supreme Court on mated by the Central Statis the Bill to ban triple talaq “During the rst quarter Monday asked the tics Oce. became law. of 201617, the economy wit governments of Rajasthan, “The highest priority of nessed a temporary slow Haryana and Uttar Pradesh to For more reforms my government is to remove down in GDP growth. The respond to a plea seeking Looking ahead, it said re Economic Survey said. al oil prices persist or elevat tively address the ailing ba stress on the agriculture sec various diculties faced by second quarter of 20172018, contempt action against the form measures like the im “This should allow real ed stock prices correct lance sheets of corporates tor and job creation has been farmers and to raise their however, has seen a reversal States for not complying with the court’s order to take stern plementation of the Insol GDP growth to reach 6.75% sharply, provoking a ‘sudden and banks, and nalising the a challenge given the global standard of living. The of this trend. In the last steps against cow vency and Bankruptcy Code for the year as a whole, rising stall’ in capital ows,” it said. privatisation of Air India. backlash and technological schemes of my government threeandahalf years, the vigilantism. and the recapitalisation plan to 77.5% in 201819, thereby “The TBS actions, note advancements,” said Ranen are not only removing their rate of ination as well as for public sector banks reinstating India as the Oilination link worthy for cracking the long Banerjee, Partner and Lead hardships but also reducing the government’s scal and NATION Ī PAGE 7 DDDDDDDDDDDDDDDDDDDDDDDDDDDDDD would go a long way in ad world’s fastest growing ma Mr. Subramanian said that a standing ‘exit’ problem, er, Public Finance and Eco the expenditure incurred by current account decits dressing the twin balance jor economy,” it said. $10 per barrel increase in oil need complementary re nomics at PwC India. “We them on farming,” said Mr. have, on an average, shown sheet problem aicting both However, the Survey did prices results in a slowdown forms to shrink unviable therefore expect a lot of em Kovind in his maiden ad a decline,” he said. corporates and banks, which caution about some ongoing in GDP growth by 0.20.4%, banks and allow greater priv phasis in the budget on the dress to Parliament and reit The President said appro would in turn further boost trends — such as rising oil and a rise in ination of ate sector participation,” the farm sector as well as job in erated the government’s priate policies of the govern economic growth. prices and stock market pric 0.30.4%. Survey said. tensive sectors.” commitment to double farm ment ensured that foreign “As a result of these mea es — that would require vigi Apart from addressing In the medium term, the incomes. investment increased from sures, the dissipating eects lance and preventive action. these risks, the government Survey highlighted three RAHUL’S TAKE Ī PAGE 10 Talking about the econo $36 billion to $60 billion of earlier policy actions, and “Against emerging ma has several policy actions to areas that would require a INDIRECT TAXPAYER COUNT my, he said the government during the period. the export uplift from the croeconomic concerns, poli take in the next nancial policy focus including em RISES Ī PAGE 13 had been able to contain in global recovery, the econo cy vigilance will be neces year, the Survey pointed out. ployment, education, and ‘CLIMATE CHANGE MAY HIT ation and scal decit in CONTINUED ON Ī PAGE 10 my began to accelerate in the sary in the coming year, These include completing agriculture. FARM INCOME’ Ī PAGE 14 the past threeandahalf FREQUENT POLLS A BURDEN, DELHI METRO Ī 6 PAGES second half of the year,” the especially if high internation the reforms needed to eec “There has been a lot of CAUTIOUS OPTIMISM Ī EDITORIAL years and highlighted fo SAYS PRESIDENT Ī PAGE 10 #4 1 3 9 7 5 CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC Kasganj a Watery grave President, PM call for early blot on U.P.: Governor passage of triple talaq Bill Omar Rashid LUCKNOW It has been hanging re in Upper House of Parliament Uttar Pradesh Governor Ram Naik on Monday Special Correspondent spoke out strongly against NEW DELHI the violence in Kasganj, President Ram Nath Kovind calling it “a smear” on the and Prime Minister Naren State and “a matter of dra Modi on Monday advo shame for all of us.” cated the early passage of “Who started it and who the Muslim Women (Protec retaliated later... all that tion of Rights on Marriage) will come out in the open Bill, 2017, also known as the after an inquiry,” he said at triple talaq Bill, during the the ‘Beating the Retreat’ at Budget session of Parlia police lines here. ment. Meanwhile, three days While Mr. Modi made his after the violence, the Yogi remarks before the start of Big push: Narendra Modi addresses the media on the rst Adityanath government the session, Mr. Kovind day of the Budget session on Monday. * V. SUDERSHAN has transferred the district made it a part of his address police chief of Kasganj Su to both Houses. passage of the Bill. Opposi the government’s eort as nil Kumar Singh to the pol tion members are resisting well as the expectation of ice training school in Mee Jail term what they term the “crimi the people that there would rut. The Home The Bill had been cleared by nalisation of divorce” as the be no politics on an impor Department said Piyush the Lok Sabha in December Bill proposes a threeyear tant issue like triple talaq Srivastava, SP of the police last, but is hanging re in the jail term for Muslim men if and that Muslim women training school, will be the Rajya Sabha where a larger they pronounce instant tri would get their right. new police chief. Opposition group wants to ple talaq. send it to a Select Committee In his address to the me CONTINUED ON Ī PAGE 10 Fatal plunge: Rescuers pull out a bus which fell o a bridge in Murshidabad district of West Bengal on Monday. At least 36 CONTINUED ON Ī PAGE 10 for further scrutiny, while dia outside the Parliament PM PUSHES FOR SIMULTANEOUS people drowned when the Maldabound bus from Karimpur with over 50 passengers sank into the water.* PTI (REPORT ON PAGE 7) UNPRECEDENTED Ī PAGE 11 the government wants early House, Mr. Modi said it was ELECTIONS Ī PAGE 10 CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC