Modi accepts dip in growth rates, promises to reverse fall; flays critics
05 October, 2017, 00:39 | Author: Becky Perry
Addressing a gathering of company secretaries at the golden jubilee celebrations of the ICSI, PM Modi likened his critics to Shalya, a character in the epic Mahabharata who fought on the side of the Kauravas.
Furthering his attack on the previous government, the prime minister said, "During the six years of the previous government, there were eight instances when the GDP was at or below 5.7 per cent".
"There are some people who sleep well only after they spread a feeling of pessimism all around".
"Government is committed to reverse this trend.we are capable of that and ready to take decisions", Modi said, adding the decisions taken by the government will take India to a new growth trajectory. Government will continue to push for economy with reforms GDP It is not the first time that India's GDP has come down to 5.7%. "How did this happen when big economists were in charge". Will never jeopardise the country's future for the present gains.
Mr. Modi said that some people in the country find happiness in spreading pessimism. That decline, he said, was more risky for the economy, because in those years India was battling "higher inflation, higher current account deficit and higher fiscal deficit".
Future of Colman's plant in Norwich under review
Britvic said the aim was to improve efficiency and productivity and the plans would see the site close towards the end of 2019. SOFT drinks giant Britvic has put forward plans to shut its manufacturing site in Norwich, putting 242 jobs at risk.
Apart from demonetisation, the Prime Minister also highlighted other steps the government took to curb black money in the economy.
"In the past three years, after registering a growth of over seven percent, we suffered economic slowdown and we are not denying that".
Modi promised a quick turnaround, citing the RBI data released on Wednesday which predicted a 7.7 per cent growth in the last quarter of this fiscal.
Stating an example Modi said, "When you buy your first auto, you will not buy it in compulsion". Modi made comments days after senior BJP leader Yashwant Sinha in an article headlined "I need to speak up now", described the economy as a "mess" that will not resuscitate before the next general elections. Post note ban, the registration of 2.10 lakh companies out of 3 lakh suspicious firms identified, has been cancelled, he informed. "Nobody had then claimed that doomsday was near", the Prime Minister remarked. Hoarding black money is not an easy task now.
He reminded the audience that India has also seen quarters when the growth rate fell 0.2 percent and 1.5 percent. The government, he said, was not averse to criticism on economic matters.
The statement said that due to cyber attack in August 2013, all of Yahoo's 3 billion user accounts were exposed to cyber attacks. The information did not include passwords in clear text, payment card data, or bank account information, the company said .
Owens then took a cheap shot at Shane as referees ran out, but Owens finally hit a pop up powerbomb before leaving. Nakamura was able to mount a comeback against Mahal, however, until The Singh Brothers joined in on the attack.
Google Home Max: How much will it cost and when can I buy it in the UK? The smart speaker will be available in December this year. Google chief executive Sundar Pichai said the new devices aim to weave artificial intelligence that make them easier to use.
A statement Monday from the European Commission called on all sides in the dispute to move "from confrontation to dialogue ". Puigdemont said the low turnout was partly because many people wanted to vote, but were prevented by officials from doing so.
Finally, ground beef or bean tacos are buy one, get one free at Jimboy's Tacos with a limit of three purchases per guest. The popular fast food chain , which has locations across the Bay Area, is dishing out a National Taco Day Gift Set .
He spoke proudly of Michelle's grace, honesty and strength, which he said was the reason people fell in love with her. Obama was interviewed by television producer Shonda Rhimes at the Pennsylvania Conference for Women in Philadelphia.
Apart from Kumar, PK Gupta, B Sriram and Dinesh Kumar Khara were the other 3 managing directors interviewed for the post. His experience in project finance and large corporate would be helpful to revive loan growth.
After leaving a ULF board meeting last week, Tyra walked down to the baseball field where he met with UofL Coach Dan McDonnell. I know he's a leader among our coaches. "They're not there like normal students and we shouldn't pretend that they are".
These and other improvements enabled Henderson to create the first atomic resolution of images of a protein using cryo-EM in 1990. Molina, the first person to discover the damaging effect of CFC gases (found in refrigerators and spray cans) on the ozone layer.
'New era' in solar energy fuelling growth in renewables: IEA
The IEA put much of the solar surge down to a large reduction in the cost of deployment and increased support from governments. By the end of 2016, China had increased its solar PV capacity by almost 800 times, with more than 77 gigawatts now installed.
Tesco restores dividend as sales soar
In Tesco's prime market, the United Kingdom, like-for-like turnover grew 2.2 % and there was a 1.1 % increase in Ireland. Tesco made operating profit before one off items of 759 million pounds (US$1.01 billion) for the six months to Aug 26.
Rock star Petty dies at 66
Mick Jagger took to Twitter to honor his fellow Rock and Roll Hall of Fame member. It's going to be healing to know I will never go a day without hearing his music.
Pontiac Mom going to prison for not vaccinating son
Child immunisation rates in MI are also among the worst in the U.S. , ranking 43rd out of the 50 states, according to Mlive . She and her ex had decided when their son was born that they would space out and delay vaccinations for their son.