1. Home
  2. Demonetisation resulted in financial discipline, GDP growth: DVS

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.

 

 

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 29,2020

Mangaluru, Mar 29: Infosys Foundation Chairperson Sudha Murty has sent the second consignment of N95 Masks, Personal Protection Equipment (PPE) and Sanitisers worth about Rs 73 lakhs, City police Commissioner Dr P S Harsha said on Sunday.

"These will be primarily used by Doctors, Nurses and Paramedics of Wenlock Hospital here and masks by the frontline staff of ASHA and police at risk of exposure to the virus,” Dr Harsha tweeted on Sunday.

The district has received the first consignment with critical medical equipment worth Rs 28 lakh from the Infosys foundation on Saturday, March 28.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 22,2020

Udupi, Jul 22: Deputy Commissioner G Jagadeesh on Wednesday announced lifting of ban on movement of people and vehicles with immediate effect in the borders of Kerala which was banned during lockdown.

The announcement comes hours after Karnataka Chief Minister B S Yediyurappa announced that lockdown in Bengaluru and other parts of the state will not be extended any further, suggesting people should wear masks and maintain physical distancing strictly.

Mr Jagadeesh noted that although the seal down of the borders of the district would be lifted, checkposts on the border would be set up and urged people to enter the district only in case of emergency.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
May 23,2020

Bengaluru, May 23: Karnataka reported 216 covid-19 positive cases in last 24 hours, marking the highest single day spike in the state ever since the first case was detected on 8 March. 187 of these 216 patients have recently returned from Maharashtra.

A 32-year old male resident of Bengaluru died on Saturday making it the 42nd fatality in the state.

The spike on Saturday takes the total number of covid-19 positive closer to the 2,000 mark and the number of active cases to 1,307 in the state, according to the daily health bulletin of the health department.

Yadgir in northern Karnataka recorded 72 cases on Saturday while Raichur recorded 40 cases. Cases in the sugarcane growing region of Mandya continued to rise as 28 people tested positive on Saturday that takes the total number of active cases to 211 as against Bengaluru that has 124.

Gadag registered 15 cases while Bengaluru recorded 4 cases.

Most of those who tested positive on Saturday had returned from other states, especially Maharashtra, one of the worst affected regions in the country.

The spike in cases comes even as the B.S.Yediyurappa-led state government is deliberating further easing of lockdown restrictions post 31 May. The state government has already resumed public bus and train services as well to facilitate inter-district movement of people that has added to fears of spreading the virus from cities to villages where healthcare infrastructure is poor and inadequate.

Karnataka will also see domestic flight arrivals from Monday.

In a statement on Saturday, Bengaluru International Airport said that it introduced ‘Parking-to-Boarding contactless’ journey.

“We have introduced innovative contactless procedures to minimise exposure at the Airport. These enhancements demonstrate our continued commitment to keep our passengers safe in this environment," said Hari Marar, managing director and chief executive of the airport said in a statement on Saturday.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.