Demonetisation resulted in financial discipline, GDP growth: DVS

coastaldigest.com news network
September 1, 2018

Mangaluru, Sept 1: Union Minister for Statistics and Programme Implementation D V Sadananda Gowda here on Saturday claimed that demonetisation and digital transactions had brought financial discipline leading to growth of gross domestic product.

At the launch of India Post Payments Bank (IPPB) here, Mr. Gowda said his ministry had found that the fears expressed about slowdown in the growth because of demonetisation were unfounded.

In the findings released on Friday, the ministry found the GDP in the first financial quarter at Rs. 33.74 lakh crore, which was 8.2% more than Rs. 31.18 lakh crore in the first quarter of 2017–18. The GDP of the country was expected to grow by 8.5% in the second financial quarter, he said.

“In terms of GDP growth, the country stands at the top among the nations. The neighbouring China has GDP growth of 6.2%,” Mr. Gowda said, and added this had been achieved because of good governance of the National Democratic Alliance government and the financial discipline brought in in the last four years. By preventing interference of middlemen, the government has brought in revenue of Rs. 70,000 crore to the exchequer.

With the intention to take the banking services to the common man, Prime Minister Narendra Modi initiated the opening of Jan Dhan accounts by which 30 crore accounts were opened across the country and nearly Rs. 1,600 crore was deposited. Beginning of operations of India Post Payments Bank was a step towards financial inclusion of rural citizens, he said.

Post Master General (South Karnataka Region) S. Rajendra Kumar said 31 IPPB branches and 124 access points had started operations in Karnataka.

In Dakshina Kannada, the IPPB branch will be at the Balmatta Post Office in Mangaluru with Mangaluru Head Post Office and post offices at Soorinje, Kuthethur and Katipalla would be the access points.

In another three months, all the post offices in Dakshina Kannada would become access points, he said.

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Navaz
 - 
Sunday, 2 Sep 2018

Jab darji se paijama kat jaye to wo kachche ke fayde ginane lagta hai.

 

 

Translation : When a tailor cuts short the pajama, he starts telling benefits of underwear.

 

 

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News Network
March 19,2020

Bengaluru, Mar 19: In the backdrop of coronavirus pandemic, Karnataka State Road Transport Corporation (KSRTC) has reported huge revenue losses in March.

According to official data, the cumulative revenue loss in all services from March 1 till March 18 has amounted to around Rs 8,58,86,462 crores.

This includes cumulative revenue loss of Rs 5,33,82,456 in premium services, and cumulative revenue loss of Rs 3,25,04,006 in non-premium services.

The highest reported revenue loss in all services was reported on March 18, which amounted to Rs 1,90,25,183.

The total number of coronavirus cases in the state have reached 15, according to the Karnataka Health Minister.

A total of 169 positive cases of coronavirus have been reported in India so far, the Union Ministry of Health and Family Welfare said on Thursday.

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coastaldigest.com news network
May 3,2020

Mangaluru, May 3: Dakshina Kannada in-charge minister Kota Srinivas Poojary today announced that there will be partial lockdown relaxations in the district from tomorrow (May 4) from 7 a.m. to 7 p.m.

The district falls under orange zone as per the classification done by the union government to contain the spread of coronavirus.

Mr Poojary said that shops can remain open for 12 hours (7 a.m. to 7 p.m.). However, this relaxation will not apply for malls, restaurants, beauty parlors, saloons and dental clinics. 

Even though bars can remain open, they can only sell liquor. People will not be allowed to consume anything inside the bar. 

In auto-rickshaws only one passenger will be allowed to travel apart from driver and in car two passengers will be allowed apart from driver. 

The relaxations come with strict protocols, which the people need to follow, he said, adding that the relief had been provided to make life easier and not for people to come out unnecessarily.

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News Network
January 3,2020

Thiruvananthapuram, Jan 3: Kerala Chief Minister Pinarayi Vijayan on Friday wrote letters to 11 Chief Ministers including Arvind Kejriwal--Delhi and Mamata Banerjee, West Bengal-- pointing out apprehensions that had arisen among large sections of society consequent to the Citizenship Amendment Act (CAA) - 2019.

In his letter, the Chief Minister said "the need of the hour is unity among all Indians who wish to protect and preserve our cherished values of democracy and secularism."

People from various cross-sections of the society irrespective of any difference they might have, need to stand united in preserving the basic tenets of our polity which form the cornerstone of Indian democracy, he added.

"We are sure that our unity in diversity, which has stood the test of times will ultimately emerge stronger. Kerala has decided to address the apprehensions about NRC and that preparation of NPR will lead to NRC by staying all activities relating to NPR in the State," Mr Vijayan said.

In this regard, the Kerala Legislative Assembly had passed the resolution on December 31, 2019, expressing its concern regarding the impact the CAA will have on the nation's secular credentials, he said.

"The resolution requested the Central Government to repeal the CAA, 2019. States, which have the opinion that CAA should be repealed can also consider similar steps so that it will be an eye-opener to the proponents of the CAA and the NRC," the Chief Minister pointed out.

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