NITI Aayog: India to register 6% growth in next financial year
Niti Aayog Vice Chairman Rajiv Kumar said that Indian economy is expected to recover by 4th quarter of this fiscal year and register register 6% growth rate in next financial year.
I expect the economy to start recovering completely by the fourth quarter and achieve a positive growth and next (fiscal) year, it could grow by 6 per cent. If you notice, in 15-16 sectors, businesses are coming back to pre-COVID levels. Our economy was bottoming out in the fourth quarter of 2019-20 after seeing a low of 4.5 per cent growth but the outbreak of COVID-19 resulted in significant negative impact in the first quarter of this fiscal.Rajiv Kumar, Vice Chairman,Niti Ayog
NITI Aayog also hinted at a possibility of a government stimulus to bolster the economic that has been paralysed by the economy. NITI Aayog has suggested that India will have to bank on technology to overcome the devastating impact the virus has on the economy.
Uncle Sam Vs Dragon: China shuts US consulate
In what can be described as a tit-for-tat move, China has America shuts its consulate in Chengdu , this move comes after Chinese mission in Houston was closed by USA.
Chinese Foreign Ministry revealed that US Embassy was informed that the country had withdrew consent for Consular General’s operations in Sichuan province
US Consulate in Chengdu is of strategic importance as America reportedly gathers information on Tibet from here.
Chinese foreign ministry has claimed that US consulate was “interfering in China’s internal affairs and harming China’s national security interests.”
Rajasthan: 234 kgs of opium seized
In a development that can be considered as big win against India’s fight againts illegal drugs,Narcotics Control Bureau seized 234 kilograms of opium in the state of Rajasthan.
Two people have been arrested in what is being called as the biggest drug bust in 2020. The dried latex extracted from the seed enclosure of the poppy plant is Opium, this is then processed to form heroin, which is a highly addictive drub.
On July 19, A team from NCB’s Jodhpur zonal unit raided the house of man named R Lal in Chittorgarh district’s Shadi village. This raid 233.97 kgs of opium was seized. A sports utility vehicle was also seized during these operations.
Initial probe suggests the illegal drug was being taken to Jodhpur and consignment belonged to drug traffickers from Madhya Pradesh and Rajasthan.
William, Kate ‘shocked’ over Kaziranga floods
British Prince William and his wife Kate Middleton expressed their distress as 3rd wave of floods were seen in Kaziranga National Park. 92 per cent of Kaziranga National Park has been submerged killing 123 animals, including 12 rhinos.
Duke and Duchess of Cambridge issued a statement and recalled their visit to the park in 2016. “We have the happiest memories of our visit to Kaziranga in April 2016 and are shocked by what has happened. We know from our visit how dedicated all the staff in Kaziranga are in caring for the park’s wildlife, and can only begin to imagine what a difficult time this must be”.
Kaziranga National Park director welcomed the Royal Family’s gesture and said that “In difficult times like this, a message from the Duke is surely a morale booster for all.”