Speaking with industry leaders in a televised interaction on CNBC-TV18, Chief Economic Advisor, Krishnamurthy Subramanian said, "Economic Survey tabled in Parliament on Friday recommends countercyclical fiscal policy and "survey is clear that fiscal support should continue till we reach pre-Covid-19 levels." The CEA added that spends during recessionary times have a much higher multiplier effect on the economy.
Prime Minister Narendra Modi will chair an all-party meeting today during which the government will put forth its legislative agenda for the Budget session of Parliament, Parliamentary Affairs Minister Pralhad Joshi said today.
He said the meeting will be held virtually and an invitation has been extended to floor leaders of all parties.
Union home minister Amit Shah will address a rally in West Bengal today, and attend several programmes as the BJP steps up its campaign in the poll-bound state.
Amit Shah arrived in Kolkata on Friday night and is scheduled to start his public programmes today with a visit to ISKCON (International Society of Krishna Consciousness) in Mayapur and later address a rally at Thakurnagar. He will also address his party's social media volunteers in Kolkata in the evening.
Uttarakhand to reopen schools for classes 6 to 12 from Feb 8
Uttarakhand Cabinet decides to reopen schools for classes 6th to 12th from February 8, said State Minister Madan Kaushik according to ANI.
Case against Shashi Tharoor, senior journalists for misinformation related to tractor rally violence
Case registered at IP Estate Police Station against Congress MP Shashi Tharoor, senior journalists & others for their tweets which had fake, misleading & wrong information regarding death of a tractor driver in an accident, to instigate violence amongst protestors, ANI quoted Delhi Police.
Rebel TMC leaders meet Amit Shah at his residence, in Delhi to join BJP
Delhi: Former Trinamool Congress leaders Rajib Banerjee, Baishali Dalmiya, Prabir Ghoshal and Rathin Chakraborti meet Union Home Minister & BJP leader Amit Shah at his residence. pic.twitter.com/EU4hYHIo0J
JP Nadda announces alliance with AIADMK for Tamil Nadu election
BJP President JP Nadda announces alliance with AIADMK in Tamil Nadu, at a public rally in Madurai.
Lt General JS Nain to take over as the Southern Army Commander on February 1
Lieutenant General JS Nain (in file pic) to take over as the Southern Army Commander on February 1. He would be succeeding Lt Gen CP Mohanty who has proceeded to Army headquarters in Delhi to take over as Vice Chief of Army Staff on February 1. pic.twitter.com/X2693IiNIc
SpiceJet to start 20 new domestic flights connecting Jaipur to various cities
SpiceJet says it will start 20 new domestic flights, including 16 services that will be connecting Jaipur to various cities of country, according to PTI.
ED arrests KRBL director Anoop Gupta in VVIP choppers scam
ED arrests KRBL director Anoop Gupta in VVIP choppers scam money laundering case; court remands him in 5-day agency custody, according to PTI.
7,187 birds found dead since Dec 25 in Rajasthan: Animal Husbandry
7,187 birds found dead in the state between December 25, 2020, to January 30, 2021. Among the dead birds were 4,976 crows, 427 peacocks, 683 pigeons & 1,101 others. Avian Influenza (Bird flu) has been confirmed in 17 districts, according to Animal Husbandry Department, Rajasthan
UAE allows citizenship to distinguished professionals to attract talent
With the aim to attract talent, the United Arab Emirates on Saturday approved law amendments allowing citizenship to distinguished professionals including scientists, doctors, authors, according to PTI.
In a tweet, UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said, "We adopted law amendments that allow granting the UAE citizenship to investors, specialized talents and professionals including scientists, doctors, engineers, artists, authors and their families. The new directives aim to attract talents that contribute to our development journey." He further said that the UAE Cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under clear criteria set for each category.
"The law allows receivers of the UAE passport to keep their existing citizenship," he added. According to a report by official WAM news agency reported by PTI, the inventors seeking Emirati citizenship will need to obtain one or more patents approved by the UAE Ministry of Economy or any other reputable international body, besides a recommendation letter from the Economy Ministry.
Sourav Ganguly is doing well, his vital parameters are stable: Hospital
The Board of Control for Cricket in India (BCCI) President Sourav Ganguly is doing well and all his vital parameters are stable, said the medical bulletin issued by Apollo Gleneagles Hospital on Saturday. "Sourav Ganguly, who underwent angioplasty at Apollo Gleneagles Hospital, Kolkata on January 28, 2021 has been examined by Dr Aftab Khan today. He is doing well and all his vital parameters are stable," said the medical bulletin.
On Friday, Ganguly was shifted to a private room from the critical care unit. On Thursday, Ganguly underwent a second round of angioplasty and two stents were inserted in coronary arteries. "The procedure was uneventful. Ganguly is stable and under close observation," said the medical bulletin on Thursday. The Woodlands Hospital had informed through a medical bulletin on Wednesday that Ganguly would be operated upon.
Enough reasons to believe explosion near Israeli Embassy was a terrorist attack: Envoy
We have enough reasons to believe it was a terrorist attack, said Israeli Ambassador Ron Malka to PTI on Friday evening blast outside embassy. We are not surprised at 'evil attack' as we have been on a higher alert for past few weeks, Israeli envoy to India told PTI.
All angles being probed, including possible link to 2012 attack on our diplomats here, operations happening around the world, Israeli envoy said. "These attacks by those seeking destablisation in West Asia region can't scare or stop us; Our peace efforts will continue".
We are providing all assistance, information to Indian authorities probing the attack. We're collecting all evidence, including CCTV footage, eyewitness accounts to piece together puzzle to expose perpetrators, the Israeli envoy said according to PTI.
V K Sasikala to be discharged tomorrow: Bangalore Medical College
The team of doctors attending Sasikala have taken a decision that she is fit for discharge and she will be discharged tomorrow with advice of home quarantine: Bangalore Medical College & Research Institute
Modi attends prayer meet organised on Mahatma Gandhi's death anniversary at Gandhi Smriti
Delhi Police questioning Iranians in connection to explosion near Israel Embassy
Delhi Police Special Cell is questioning few Iranians living in the national Capital in connection with yesterday's explosion near Israel Embassy. The foreign nationals being questioned include those whose visas have expired, said Delhi Police according to ANI
Farmers protesting for 70 days can't resort to violence, impartial probe must be done: Gehlot
Nobody would support Jan 26 violence, we condemn it. Everyone has strongly deplored the farce which some anti-social elements created at Red Fort. Farmers must put forth their demands peacefully. The restraint they showed while protesting for 65 days was commendable. Why are they not initiating a judicial inquiry? Those (farmers) who were protesting peacefully for around 70 days can't do something like this. Impartial probe must be done: Rajasthan Chief Minister Ashok Gehlot on January 26 violence in Delhi, said Rajasthan CM according to ANI.
Half-burnt cloth and polythene bag recovered from explosion site near Israel Embassy: Delhi Police
A half-burnt cloth and polythene bag recovered from the explosion site near the Israel Embassy is being examined by the authorized agencies. Its link to the incident is yet to be ascertained, said Delhi Police according to ANI.
NSG team visit explosion site near Israel Embassy
Delhi: A team of National Security Guard (NSG) visits the explosion site near the Israel Embassy to examine characteristics of explosives used.
LJP to contest all seats in Bengal, Assam assembly polls: LJP General Secy
Lok Janshakti Party has decided to contest all seats in West Bengal and Assam in the ensuing elections, after considering the view of State units that it will help in expanding and strengthening Party's base, said Abdul Khaliq, LJP Secretary-General according to ANI.
16 Naxals surrender before police in Chattisgarh's Dantewada
16 Naxals, two of them carrying cash rewards on their heads, surrender before police and CRPF officials in Chhattisgarh's Dantewada district, according to PTI.
R-Day violence: Forensic experts reach Red Fort to collect forensic evidence
Team of forensic experts reaches Red Fort to collect evidence in connection with violence on Republic Day, according to PTI.
Delhi Court charges Ex-Haryana CM Chautala in disproportionate assets case
A Delhi Court has framed money laundering charges against former Haryana Chief Minister Om Prakash Chautala in connection with disproportionate assets case, according to ANI. The court sets February 27 for commencing of trial in the matter.
Issuance of visas of all categories to enter Russia via air checkpoints has resumed for Indians
Issuance of visas of all categories to enter Russia via air checkpoints has resumed for Indian citizens, as well as for persons who have a residence permit. Issuance of e-visa is temporarily suspended: Embassy of Russian in India
Delhi Police increase security checks
Delhi Police increase security checks and put up advisories after a low-intensity explosion occurred near Israel Embassy yesterday. pic.twitter.com/JvqflDnTVL
Would like to see measures to lower factor costs, he adds.
Important to make manufacturing more competitive, says Pawan Goenka
PLI scheme must be detailed in a way that it really pushes manufacturing, says Pawan Goenka while interacting with CEA Subramanian.
Removal of incentives under Section 35(2AB) was not the right move: Kiran Shaw at Eco Survey Townhall
Incentives offered under Section 35(2AB) amounted to Rs 2,500 crore for pharma, says Kiran Mazumdar Shaw.
Private sector spends on R&D are around 70% in advanced economies, says Pawan Goenka, CEO of M&M
Private sector spends on R&D are around 70% in advanced economies, says Pawan Goenka, CEO of M&M during Economic Survey Townhall.
Vaccine diplomacy manufacturing, led by private sector, has put India on a strong footing, says Biocon MD
Vaccine diplomacy manufacturing, led by private sector, has put India on a strong footing.
Important to increase government spend on healthcare from current 1% to 2.5%, says Kiran Mazumdar Shaw
As far as health regulator goes, must make sure that private plays important role, says Biocon chairman and MD Kiran Mazumdar Shaw.
Economic Survey recommends counter cyclical fiscal policy, says CEA Subramanian
Economic Survey recommends counter cyclical fiscal policy, says CEA Subramanian.
Budget 2021: CEA Subramanian says in times like these government should step up and spend
Spends during a recessionary times have a much higher multiplier effect, says CEA Subramanian, while interacting with industry leaders on CNBC TV 18 news channel.
LIVE Economic Survey 2021: CEA Krishnamurthy Subramanian interacts with industry leaders
CEA Subramanian interacts with industry leaders a day after presenting Economic Survey 2021
Chief Economic Advisor Krishnamurthy Subramanian interacts with industry leaders
Chief Economic Advisor Krishnamurthy Subramanian interacts with industry leaders
Roads, health care consistent priority for govt: Economic Survey
Roads are one of the government’s top capital spending areas as they have a high positive multiplier effect on other economic activities. The pandemic slowed the pace of road building. Read on...
Economic Survey 2021: CEA Subramanian bats for Pant-Pujara approach to economic revival
“Like in cricket, even in economy, planning matters. When the ball is swinging around a lot, when there is a lot of uncertainty, you need to play carefully and focus on survival. Essentially, when the ball is swinging, bat like Pujara and when swing is gone, bat like Pant, which is what Indian policymakers should focus on,” Chief Economic Advisor (CEA) Krishnamurthy Subramanian said during the press conference on the Economic Survey for 2020-21. Read on...
Another wet spell likely in J&K, Ladakh from Monday, light snowfall likely
Intense cold wave continued to lash the Kashmir Valley and Ladakh on Saturday as the meteorological (MET) department forecast cloudy weather from February 1 with possibly of light snowfall at isolated places in the two union territories.
Residents in the valley have been facing one of the coldest winters in recent decades.
Statistics suggest that minimum temperatures remaining several notches below the freezing point for almost 50 days is being witnessed after many years there.
PM Modi to chair all-party meet ahead of Budget Session
Prime Minister Narendra Modi is likely to chair an all-party meeting on Saturday through video conferencing ahead of the Budget Session for smooth functioning of Parliament.
Leaders of all parties have been invited to attend the meeting that is scheduled to be held in the backdrop of the ongoing farmers' agitation against the agricultural legislations passed in September and have kept the government and opposition at loggerheads.
President Ram Nath Kovind paying tribute to Mahatma Gandhi on his death anniversary
On behalf of a grateful nation, my humble tributes to the Father of the Nation, Mahatma Gandhi who embraced martyrdom this day. We should adhere to his ideals of peace, non-violence, simplicity, purity of means and humility. Let us resolve to follow his path of truth and love.
No change for 3rd day, petrol stable at Rs 86.30 a ltr, diesel at Rs 76.48
Petrol price on Saturday remained stable at Rs 86.30 for the third straight day in the national capital. Diesel was also unchanged at Rs 76.48 per litre.
Petrol and diesel prices were hiked by 25 paise per litre on Wednesday, according to a price notification from oil marketing companies. This had taken prices in Delhi to Rs 86.30 per litre and Rs 76.48, respectively.
Petrol prices in Mumbai stood at Rs 92.86 per litre -- the same as yesterday. One litre of diesel will cost Rs 83.30 in the city. In Chennai, petrol remained unchanged to sell at Rs 88.82. Diesel was retailing at Rs 81.71 in the city. Read on...
Sowing trust: Agri reforms a remedy, not a malady, says Economic Survey
On a day when thousands of farmers once again started gathering on Delhi borders in protest against the three farm laws, the Centre, both through the Economic Survey and the Presidential address, came out strongly in support of the laws. It said these changes will herald a new era of market freedom which can go a long way in improving the lives of small and marginal farmers in India.
The Survey said the three farm laws are a "remedy not a malady", designed primarily for the benefit of small and marginal farmers, who are the biggest sufferers of the “regressive” APMC-regulated market regime. Read on...
Delhi Police Special Cell team outside Israel Embassy in New Delhi
Mumbai Police on high alert following blast near Israel Embassy in Delhi
Security has been tightened in Mumbai at all locations including near Chhatrapati Shivaji Terminus railway station and Mumbai Police is on high alert following a low-intensity explosion that took place near the Israel Embassy in Delhi.
A low-intensity explosion took place near the Israel Embassy this evening. No injuries have been reported in the incident so far. Windscreens of several cars parked in the vicinity of the Embassy on Dr APJ Abdul Kalam Road were found damaged.
The explosion took place not far from Vijay Chowk, where several VVIPS including President Ram Nath Kovind, Prime Minister Narendra Modi was in attendance during the 'Beating Retreat' ceremony.
Israel Embassy blast: Two persons spotted in CCTV footage, police investigating involvement
A CCTV footage of the Israel Embassy blast site has revealed that a cab had dropped two persons near the embassy and it is yet to be ascertained whether these persons have any role in the explosion, according to Delhi Police sources.
The Delhi Police Special Cell has contacted the concerned cab driver and enquired about the two persons. Police are drawing out the pictures of the two persons on the basis of inputs gathered from the cab driver.
The police are on high alert following the Israel Embassy low-intensity blast and sources have confirmed that ammonium nitrate was used for the explosion. Sources have also said this blast may be a trial of some "bigger conspiracy".
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