PM Modi shares pic with Priyanka and Nick, wishes them ‘happy married life'

Washington, Feb 1: The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

"The Indian economy indeed has experienced an abrupt slowdown in 2019. We had to revise our growth projections, downwards to four percent for last year. We are expecting 5.8 per cent (growth rate) in 2020 and then an upward trajectory to 6.5 percent in 2021," Georgieva told a group of foreign journalists here on Friday.

"It appears that the main reason for this slowdown was the non-banking financial institutions experiencing a turbulence," she said on the eve of Union Finance Minister Nirmala Sitharaman presenting the annual budget in Parliament on Saturday.

She said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact.

"For example, coming with the unified tax system, and the demonetisation that took place. These are steps that over time are beneficial, but of course they might, might be somewhat disruptive over short term," Georgieva said in response to a question.

The International Monetary Fund (IMF) Managing Director said that there is not a lot of fiscal space in India. “But we also recognise that the policies of the government on that side, on the fiscal side have been prudent. We will see how the reading of the budget, the submission of the budget goes, tomorrow,” she said.

In the medium-term, she said, the IMF remains optimistic about India. “This is why we see that upswing potential for the growth in the country,” she said.

Georgieva said that the current economic slowdown cannot be described as a recession. "No.... You're far from that. But it is a significant slowdown, not the recession," she said.

The IMF managing Director noted that the consumption in India also slowed down and that contributed to the overall slowdown in the economy. The IMF would be keen to see what India does to get relatively sound macroeconomic fundamentals to pay off in terms of better growth trajectory, she said ahead of the budget.

One thing that is important for India is that budgetary revenue have been below target. "The country knows that. The finance minister knows it. They need to increase budgetary revenue collection so they can improve their fiscal position. I said it's tight on the spending side, but I also want to stress that there is room to improve collection on the revenue side," she said.

Agartala, May 28: Tripura Police has registered a complaint against Bangladeshi singer Mainul Ahsan Nobel, who earned fame in the music reality show 'Sa Re Ga Ma Pa' in Kolkata, for allegedly humiliating Prime Minister Narendra Modi over social media.

The complaint was filed by a resident of Belonia town in South Tripura district who is a student of Pandit Deen Dayal Petroleum University at Gandhinagar in Gujarat.

The complaint was filed on May 25, the person who is called Suman Paul said.

Nobel is not yet a popular singer in Bangladesh and has always been rejected by the audience of that country. He participated in the TV music reality show called Sa Re Ga Ma Pa in Kolkata, earned money, gained fame and returned to Bangladesh. If the person insults our prime minister it cannot be accepted. So I filed the FIR, Paul told reporters.

Belonia superintendent of police Jal Singh Meena confirmed that the complaint was registered and forwarded to Tripura Polices cyber crime cell.

The complaint was registered the same day it was filed at Belonia police station under Indian Penal code sections 500 (punishment for defamation), 504 (intentional insult), 505 (public mischief) and the IT Act.

We have registered the complaint and forwarded it to the cybercrime cell because it is not in the Indian cyberspace. We have started an investigation into the issue, the SP said.

Rajib Dutta, the officer-in-charge of Belonia police station said that as per the complaint the Bangladeshi singer had abused Modi in a Facebook post calling him a "mere chaiwala (tea seller)'.

Feb 14: R K Pachauri, a former chief of The Energy and Resources Institute, passed away on Thursday after a prolonged cardiac ailment, TERI Director General Ajay Mathur said.

He was 79.

"It is with immense sadness that we announce the passing away of R K Pachauri, the founder Director of TERI. The entire TERI family stands with the family of Dr Pachauri in this hour of grief," Mathur said in a statement issued by the TERI.

"TERI is what it is because of Dr Pachauri's untiring perseverance. He played a pivotal role in growing this institution, and making it a premier global organisation in the sustainability space," said Mathur, who succeeded Pachauri at TERI in 2015. Pachauri was admitted to Escorts Heart Institute in the national capital where he underwent open heart surgery and was put on life support on Tuesday, sources said.

In the statement issued by TERI, its Chairman Nitin Desai hailed Pachauri's contribution to global sustainable development as "unparalleled".