India's GDP contracts by 7.3% in FY2020-21, rises 1.6% in Q4

News Network
May 31, 2021

New Delhi, May 31: India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday.

The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21.

The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).

In 2020-21, the Indian economy contracted by 7.3 per cent against 4 per cent expansion in 2019-20, showing the economic impact of the Covid-19 pandemic.

The NSO had projected a GDP contraction of 7.7 per cent in 2020-21 in its first advance estimates of national accounts released in January this year.

The NSO, in its second revised estimates, had projected a contraction of 8 per cent for 2020-21.

China has recorded a 18.3 per cent growth in January-March 2021.

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News Network
September 17,2024

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New Delhi: The Supreme Court on Tuesday halted unauthorised bulldozer action against private property, anywhere in the country, till October 1, dismissing concerns by the government that demolitions sanctioned after following due process could be impacted. 

The "heavens won't fall if we ask you to hold your hands till the next hearing", a bench of Justice BR Gavai and KV Viswanathan declared.

An irate top court - which has already come down hard, twice this month, on 'bulldozer justice' meted out by various state governments - also warned the government against "grandstanding" and "glorification" of this practice. "No demolition, till next, date, without permission of this court," the government was told, and warned the Election Commission may also be put on notice.

The court's reference to the poll panel is significant given elections are due in Jammu and Kashmir (the first Assembly election in a decade) and Haryana, where the Bharatiya Janata Party is looking to return to power. Elections are also due this year in BJP-ruled Maharashtra and Jharkhand.

The court, however, also clarified its order is not applicable to removal of encroachments in public spaces such as roads, railway tracks, water bodies, etc.

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News Network
September 17,2024

justice.jpg

New Delhi: The Supreme Court on Tuesday halted unauthorised bulldozer action against private property, anywhere in the country, till October 1, dismissing concerns by the government that demolitions sanctioned after following due process could be impacted. 

The "heavens won't fall if we ask you to hold your hands till the next hearing", a bench of Justice BR Gavai and KV Viswanathan declared.

An irate top court - which has already come down hard, twice this month, on 'bulldozer justice' meted out by various state governments - also warned the government against "grandstanding" and "glorification" of this practice. "No demolition, till next, date, without permission of this court," the government was told, and warned the Election Commission may also be put on notice.

The court's reference to the poll panel is significant given elections are due in Jammu and Kashmir (the first Assembly election in a decade) and Haryana, where the Bharatiya Janata Party is looking to return to power. Elections are also due this year in BJP-ruled Maharashtra and Jharkhand.

The court, however, also clarified its order is not applicable to removal of encroachments in public spaces such as roads, railway tracks, water bodies, etc.

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News Network
September 5,2024

westbank.jpg

The United Nations has warned that Israel is using “lethal war-like tactics” against Palestinians in the occupied West Bank, more than a week after the occupying entity launched a massive military aggression in the Palestinian territory, killing dozens of people.

At a press conference in New York on Tuesday, spokeswoman for the UN Office for the Coordination of Humanitarian Affairs (OCHA), Stéphane Dujarric, said that the Tel Aviv regime had resumed its aggression in Tulkarm and Jenin.

“The UN has recorded more than two dozen fatalities over the past week, including children,” he said, adding that multiple organizations mobilized by the OCHA were set to carry out an assessment in Jenin but were denied access by the Israeli authorities. 

“OCHA warns that access impediments are impacting the ability to provide meaningful humanitarian response,” Dujarric said, noting that the movement of ambulances and medical teams has been impeded and delayed since the onset of the current aggression.

In the early hours of August 28, the Israeli military conducted its biggest operation – dubbed “Camps of Summer” – in the West Bank in over 20 years, deploying hundreds of troops and airstrikes on Jenin, Tulkarem, and Tubas, which are major centers of Palestinian resistance against the occupying entity.

The ongoing military aggression in the West Bank is currently concentrated in the city of Jenin, whose streets and infrastructure have been damaged by over 70 percent since the onset of the “Camps of Summer”, according to its municipality.

Dujarric also warned that Israeli forces continue to employ “lethal war-like tactics” in the West Bank, including airstrikes, with people being killed, injured and displaced.

While in Tulkarem on Saturday, OCHA teams verified that 120 Palestinians, including over 40 children, were displaced due to the destruction of their homes.

“At the time of the assessment, 13,000 people in Nour Shams refugee camp experienced water cut-offs, attributed to damages caused to the water network, and sewage overflow was observed. The teams also noted that the population was traumatized and in need of psychosocial support,” the OCHA report said.

Since the onset of the current aggression in the West Bank, the number of Palestinians killed by Israeli forces has increased to 34. This includes 19 in Jenin, 8 in Tulkarm, 4 in Tubas, and 3 in al-Khalil. The total death toll in the occupied West Bank has now reached 685 since October 7 last year.

The heightened tensions in the occupied West Bank come as the Israeli regime has since October been conducting a barbaric onslaught on the besieged Gaza Strip, claiming the lives of more than 40,000 people, most of them women and children. 

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