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.

Comments

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
April 24,2020

Udupi, Apr 24: While several state governments and NGOs are actively working to provide essentials to the needy amid the COVID-19 lockdown, a fisherwoman in Karnataka's Udupi has proved that even a small gesture of help for others can make a huge difference in the society.
A fisherwoman, Sharadakka, distributed rice to 140 needy families in her neighbourhood during the ongoing lockdown. The contribution was made by spending all her life savings amounting to Rs 30,000. The amount was saved by her over a period of time in an effort to build a house for herself.
On Thursday Udupi Deputy Commissioner G. Jagadeesh visited her and ensured help to build her house.
"Spending her meagre earnings, Sharadakka generously filled many empty stomachs amid the nation-wide lockdown, which is a matter of pride," said the Deputy Commissioner.

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Agencies
January 9,2020

Alappuzha, Jan 9: The houseboat of Nobel Laureate Michael Levitt was blocked in the backwaters here for some time by trade union activists, who were on a nationwide strike against the Centre's "anti-labour" policies on Wednesday.

Michael Levitt, an American-British-Israeli biophysicist and a professor of structural biology at the Stanford University in the United States, said the incident sent a bad message to tourists.

Levitt, who was in Kerala as a state guest, also said he felt as if a bandit had stopped his wife and him at gunpoint. Police said Levitt, who received the 2013 Nobel Prize in Chemistry, was in Alappuzha with his wife and they were stopped by the protesters near Kainakary.

"Being stopped by criminals on the backwaters sends a very bad message to tourists. It is as if a bandit stopped us at gunpoint and delayed us under the threat of force for one hour," Levitt wrote in an email to his tour agent at Kottayam.

In the email, which was later released to the media, he also said the person who blocked them "ignored all arguments that tourists were exempted" from the strike.

"This person, who did this, ignored all arguments that tourists were exempted and that I am a VIP guest of the Kerala government. He was obviously acting, knowing that he was safe from prosecution. Sadly, this makes me fear that India is sinking into lawlessness," Levitt wrote in the email.

The police registered a case after the houseboat owners filed a complaint in this regard.

Reacting to the incident, state Tourism Minister Kadakampally Surendran said the government would take strong action. "Strong action will be taken against those anti-social elements who stopped the boat. Levitt was here as a guest of the state government. The government had made it clear that the tourism industry was exempted from the strike," he said.

Trade union leaders had also announced that the strike would not affect the tourism industry.

Ten trade unions, including the INTUC, the AITUC and the CITU, had called for the nationwide strike to protest against the labour reforms, FDI, disinvestment, corporatisation and privatisation policies of the Centre and press for a 12-point demands of the working class, relating to minimum wage, among others.

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News Network
July 7,2020

Mangaluru, Jul 7: The residents of Bangle Gudde, Mathadagudde area in Gurupura Gram Panchayat in Dakshina Kannada district of Karnataka, where two teen aged children were buried alive, were shifted to safer places.

District officials said on Tuesday that the residents have been provided temporary shelter in Gurpur school, PU college, and hostels, while few others were shifted to Ashraya centers. Total 40 houses out of 180 houses in this area located in the red zone were damaged due to heavy rain.

If the residents want to stay in the rented house, the revenue department is ready to pay a sum of Rs 2,500 towards rent, official sources said.

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