What will it take to indian economy back to growth
The National Crime Records Bureau (NCRB) published the annual Crime in India Report 2018 on Wednesday. It Was published ,according to this report approx 80 killing and 91 rape case per day . In Indian in the year 2018 dekh 80 killing ,289 kidnapping and 91 rape case reported. It’s shows increase by 6.13 in comparison if 2017 . In up there are 32 Acide attack Case are reported which is 1/4 of total Acide attack in India that is 132 .
Decrease in the killing the total 29017 case record in the year 2018 in all over the Indian out of 13.8 % are from Utter Pradesh.
According to the report,3,78,277 cases of crime against women were reported, up from 3,59,849 in 2017.Uttar Pradesh topped the list with 59,445 cases, followed by Maharashtra (35,497) And West Bengal (30,394). The Conviction rate in rape related cases stood at 27.2% even though the rate of filing chargesheets was 85.3% in such cases. In this year 2018 total kidnapping is 105536 out of this 80871 are women .
Sexual Assault In Children Increase To 22.13% In 2018 In India
While Children’s sexual abuse 22. 13 % increased sexual offense to save children from crime in 2016 the pasco Act 13 percent increased. In 2017 32608 children were made hunting of this disgusting crime. Was the increase in 2017, 39827. Similarly In the suspects, the case of sexual abuse also increased from 544 to 707. At the same time, 395 case of child marriage In 2018, 501 case of child marriage were recorded.
Number of people who committed suicide in 2018 was 1,34,516, an increase of 3.6 % from 2017 when 1,29,887 cases were reported. The highest number of suicide victims were daily wagers fallowed by housewife and student , comprising 22.4 % of such deaths. The majority of the suicides were reported in Maharashtra . The NCRB report said . The incidents registered under the Scheduled Caste And Scheduled Tribes related Acts saw a decline from 6729 incidents reported in 2017 to 4816 in 2018. A total of 29,017 cases of murder were registered in 2018,showing an increase of 1.3% over 2017 (28,653 cases).
Unemployment is a big problem for the world’s but tha condition if India is worse , and if we look in last 7-8 month million of people lost their job , and their is very less opportunity for job .Unemployment is a major social issue in India. As of September 2018, according to the Indian government, India had approx 31 million jobless people.The numbers are gose up in the year of 2019 .
The National Simple Survey Office (NSSO) the key governmental agency in India at the national and state levels to study employment, unemployment and unemployment rates through sample surveys. It does not report employment or unemployment results every quarter nor every year, but generally only once every 5 years. The last three officially released NSSO survey and report on employment and unemployment were completed in 2004–2005, in 2009–2010, and 2011–2012. The 2011-2012 survey was initiated by the Congress-led Manmohan Singh’s government because it was felt that the higher unemployment numbers in the 2009-2010( Due to great ressasion of world in 2008 ) report may have been affected by poor monsoons, and an early survey might yield more accurate and better data. There was no NSSO survey between 2012 and 2017, and a new survey was initiated in 2017–2018. This report has not been officially released by the BJP-led Narendra Modi’s government, but the report has been leaked to the media. The unemployment rate of last 5 year is more than the rate of last 40 year if compared.
According to research of The Centre for Monitoring Indian Economy (CMIE) unemployment rate of India was in November- december 2019 is 8.91% the urban unemployment is higher than rural unemployment this is because alot of people moved to urban for better job opportunity but they are not able to get that .
India’s gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high, a government officer said on last week .
Lower buying by the world’s second biggest consumer of the gold and precious metal could weigh on global prices that jumped 18% in 2019, but help New Delhi bring down the trade deficit and support the indian currency .
India imported 831 tonnes of gold in 2019, down from 944 tonnes a year ago, the government officer said, he is not allowed to speak to the media. In confidential information about import , 2019 imports fell nearly 2% to $31.22 billion, he added in the end
The Asian Development Bank has lowered its forecast for India’s GDP growth in the current financial year 2019-20 to 5.1% from its earlier estimate of 6.5%.
“Growth in India is expected to slow to 5.1% in 2019 as the foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch,” the ADB’s Asian Development Outlook Supplement 2019 said. “Also, consumption was affected by slow job growth and rural distress aggravated by poor harvest.
“Having already slowed year on year from 5.8% in Q4 of 2018 to 5% in Q1 of 2019, growth in India fell further to 4.5% in Q2, the lowest quarterly rate since Q4 of 2012,” the report added. “This put growth in the first half of FY2019 at 4.8% as expansion in private consumption slowed to 4.1% and in investment to 2.5%.”
The bank, however, said that policy support will help growth recover to 6.5% in 2020. It had earlier estimated growth in 2020 to hit 7.2%.
“Some tentative signs have emerged that the Indian economy is stabilising in the second half of 2019,” the report said. “Growth is expected to benefit from government policy measures in recent months – notably a corporate tax cut, divestment from some state-owned enterprises, capital injections into public banks, and policy rate reduction by a total of 135 basis points – with further measures possible in the coming months.
These measures, along with low oil prices and a weakening rupee, could help growth recover in 2020-21, the report said, but added that risks to the projections remain tilted to the downside.
India is at the forefront of efforts at the UN to push for urgent long-pending reforms of the Security Council | Photo: Reuters France, which assumed the March Presidency of the United Nations Security Council, has reiterated its support for India as the permanent member of the powerful UN organ, saying the UNSC’s enlargement is the “first crucial part” towards its reform. India has been calling for the reform of the UN Security Council along with Brazil, Germany and Japan for long, emphasising that it rightly deserves a place at the UN high table as a permanent member. France, a veto-wielding permanent member of the 15-nation Security Council, last month moved a fresh proposal in the UNSC along with the US and the UK to designate Pakistan-based terror group Jaish-e-Mohammed chief Masood Azhar as a global terrorist. Reiterating its support for India, Germany and Japan as permanent members of an expanded Council, France said that enlargement of the powerful UN organ in both permanent and non-permanent categories is the “first crucial part” towards UNSC reform. “We want enlargement of the Security Council in the two categories of non-permanent and permanent categories – India, Brazil, Germany and Japan – and equitable representation of Africans and so that is the first crucial part of it,” French Permanent Representative to the UN Franois Delattre told reporters here Friday. Delattre, at a joint press briefing with the German envoy to the UN Christoph Heusgen, said that the key to UN reform is openness through three different areas – the openness of the Security Council that entails expansion of the 15-nation, partnership and openness to civil society. Germany will take over the Presidency in April. “That is a strategic aim that France has and I do believe it is Germany’s strategic aim as well… If we believe in the UN and the representative nature of the Security Council, we need to ensure that enlargement (of UNSC) be a success sooner rather than later,” Delattre said. He stressed that the UN cannot be recognised as a centre of gravity for multilateralism throughout the world unless it can step-up partnerships and focus should also be made on openness to civil society, business world, NGOs and trade unions, which are all stakeholders that breathe life into the UN. “The reform of the Security Council through its enlargement is one of the key areas and key priorities of our diplomacy,” Delattre said. The German Ambassador pointed out that the Security Council, in its present composition, does not reflect the realities of this world. “France and Germany spoke with one voice in this and we need to have reforms,” Heusgen said adding that “If you don’t reform the Security Council, it will lose legitimacy and therefore I think we should really work forward”. France has maintained that if the crisis of recent times have confirmed the centrality of the UN, they have also reinforced the need to make the organisation more effective and more representative of the current balances in the world. “That is why France pushes for the expansion of the Security Council by supporting the accession to a permanent seat of Germany, Brazil, India, Japan, as well as a greater presence of African countries,” according to the Permanent Mission of France. India is at the forefront of efforts at the UN to push for urgent long-pending reforms of the Security Council. Last week, India’s Permanent Representative to the UN Ambassador Syed Akbaruddin said on the issue of ‘Categories of Membership’, a total of 113 member states out of the 122 which submitted their positions in the Framework Document, support expansion in both of the existing categories specified in the Charter. “In short, more than 90 per cent of the written submissions in the document are in favour of expansion in both categories of membership specified in the Charter,” he said during the informal meeting of the plenary on the inter-governmental negotiations on the question of equitable representation on and increase in the membership of the UNSC. Earlier, Akbaruddin had said that while reform at the UN is a process rather than an event, “there is no process known to us here that has traversed winding pathways in the manner as this process of the Reform of the Security Council”. “In terms of inertia too, it has no peer. While the world is not what it was when we began the process, the objections to moving forward remain the same. “While the global challenges of the 21st century have multiplied, we remain divided even about the process to adopt in order to move forward,” he had said.
Banks will be getting moretime to migrate to the newloan pricing regime whichwas scheduled to be implemented from April 1. Thisnew pricing scheme, basedon an external benchmark,will be applicable for floating rate loans extended toindividuals and smallbusinesses.Bankers said with thecentral bank yet to come upwith the final guidelines, theintroduction of the schemewas expected to bepostponed.During the Decembermonetary policy review —the last such review byformer RBI Governor UrjitPatel — the central bank hadsaid that all new floatingrate retail loans such ashousing and auto loans, andfloating rate loans extendedby banks to micro and smallenterprises from April 1,2019, should be linked to anexternal benchmark. RBI also said that the final guidelines would be issued byDecemberend.“The final guidelines onthe loan pricing based onexternal benchmark are yetto be released by RBI. Bankswould need some time toprepare after the finalnorms are issued. So, it islikely to be postponed,” saidabanking industry official.Last week, the RBI indefinitely postponed the implementation of INDAS, a newaccounting policy for banks. While RBI had given fouroptions to banks to choosethe external benchmark,most banks were zoomingin on repo rate, the key policy rate of RBI, as the external benchmark.Most banks have opposedthe decision of linking lending rates to an externalbenchmark saying their costof funds is not linked tothose external benchmarks. They argued that lendingrates should depend on thecost of funds.
State Bank of India, in orderto make the cost of fundsresponsive to an externalbenchmark, has alreadylinked its savings bank ratewith repo rate, with effectfrom May 1. At the currentrepo rate of 6.25%, SBI’s savings rate has been fixed at3.5%. RBI has also mandatedthat the spread over thebenchmark rate, which willbe decided by banks at theinception of the loan,should remain unchangedthrough the tenure of theloan, unless the borrower’scredit assessment undergoes a substantial change oras agreed upon in the loancontract.
Maruti Suzuki’s board onWednesday approved thereappointment of KenichiAyukawa as the company’smanaging director andCEO.The appointment for aperiod of three years witheffect from April 2019, is onexisting terms and conditions, including remuneration, the company informed the exchanges.The board also approved a decision to makeVitara Brezza at the existing Toyota Kirloskar MotorPvt. Ltd.plant starting2022, as part of thememorandum of understanding(MoU) between Toyota andSuzuki.
The north Indian tea industry wants output regulation, as it is facing the challenge of oversupply, which is dampening prices.
Vivek Goenka, the chairman of the apex industry body, the Indian Tea Association, said that production in India had risen more rapidly than consumption, leading to an ‘unhealthy demand-supply situation’.
According to a Crisil report, while tea production in India logged a compounded annual growth rate (CAGR) of 3.2% between 2012 and 2017, consumption increased by a mere 1.7% in the period. In 2018, global production rose by 60 million kg over the previous year. The FAO had projected a global price decline of 1.4% in nominal terms and by 3.6% in real terms over the next decade, Mr. Goenka noted.
“The need of the hour is thus to immediately regulate the growth of output and I would urge the State government and the Tea Board to address this vital aspect so that price levels do not recede further,” he said. Tea Board Deputy Chairman Arun Kumar Ray told that the early closure of the tea season in December 2018 had sucked out about 25 million kg of indifferent quality teas from the market. “The industry has to focus on quality and value addition,” he said
On prices, Mr. Goenka cited the instance of Assam (which accounts for half of India’s tea output), saying that prices had increased by only 3% in 2018 over 2017.
For the north Indian industry as a whole, prices had not even increased 2% over the last five years when input costs rose 11%. When contacted, Atul Asthana, MD and CEO, Goodricke Group Ltd. (with gardens in Assam, Dooars and Darjeeling) said that output regulation had already begun through the Tea Board’s order last year.
Mr. Goenka also felt that this would benefit the industry in the long run.
Mr. Asthana said there seemed to be greater demand for lower varieties of teas. He also felt the Board could stop poorer quality teas from entering the market by enforcing minimum quality parameters for green-leaf harvesting.