Economy / The Times of India
Mohammed Shami: 'I just go for wickets; don't care about the economy rate at all'
UP CM Yogi Adityanath defended the Rs 4,000 crore expenditure on the Maha Kumbh, highlighting its economic benefits. He clarified that only Rs 1,500 crore was spent on the event, with the rest on Prayagraj's infrastructure. At a Lucknow event, he emphasized ongoing projects that bolster UP's development and thanked ministers for their support in achieving world-class infrastructure.
British band Coldplay's concerts in Mumbai and Ahmedabad received attention from PM Narendra Modi, who highlighted India's potential as a concert economy. Modi emphasized India's rich musical heritage and a large youth population as key factors, urging public-private investments in infrastructure to harness opportunities for generating revenue and employment through live events.
A pan-India home buyers organization has called on the consumer affairs department to establish guidelines for real estate advertising. It flagged that 34% of real estate ads examined by ASCI were misleading, with Maharashtra RERA's average penalty of Rs 14,000-15,000 insufficient to deter violators.
The Supreme Court slammed the misuse of temporary contracts. The court highlighted the exploitation of workers, especially in the gig economy. The court ordered reinstatement of sweepers who worked for two decades. The sweepers were employed by the Central Water Commission. The court ordered back wages for the sweepers. The court stressed fair employment practices for government organizations.
During his Jharkhand campaign trail, Rahul Gandhi criticized the Modi government for record inflation and unemployment, attributing it to divisive politics. He highlighted the INDIA bloc's initiatives in the state, including direct cash transfers and a health insurance scheme. Gandhi assured tribal communities of their rightful recognition and promised a caste census and removal of the 50% reservation cap if INDIA is voted to power.
Uttarakhand's economy has grown significantly in the 24 years since its formation. The state's GSDP has increased from Rs 14,501 crore to Rs 3,46,000 crore, driven largely by the tourism sector. Per capita income has also risen considerably, reaching Rs 2.60 lakh. Chief Minister Pushkar Singh Dhami attributed the state's progress to the collective efforts of the people and the leadership of Prime Minister Narendra Modi.