Pakistan Deputy Prime Minister Ishaq Dar to arrive in Dhaka on August 23
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News18
an hour ago
- News18
MP CM Mohan Yadav offers prayers at Amka Jhamka Temple in Dhar on Janmashtami
Dhar (Madhya Pradesh) [India], August 17 (ANI): Madhya Pradesh Chief Minister Mohan Yadav offered prayers at Amka Jhamka Temple located in Sardarpur Tehsil, Dhar district, on the occasion of Krishna Janmashtami on Saturday and also participated in a program organised here to mark the occasion. The temple, associated with the Dwapar Yuga, is believed to be connected with Lord Shri Krishna and the episode of 'Rukmini Haran'. CM Yadav also shared that the temple will be developed as a pilgrimage site, and preparations for the same are underway. 'The way Lord Krishna and Lord Balram created a new history here with their ability and talent, we are making it lively like the pilgrimage sites of Dwarika, Mathura, Gokul and Vrindavan. We have come here for Janmashtami, and we all have a great devotion towards Lord Krishna. In the coming days, this will become a pilgrimage site under the Shree Krishna Pathey and preparations for it are underway. My heartfelt congratulations to everyone on the occasion of Janmashtami," CM Yadav told reporters. Earlier in the day, CM Yadav also participated in Shri Krishna Janmashtami celebrations held at CM House in Bhopal and prayed for the welfare of the people of the state.'On the auspicious occasion of Shri Krishna Janmashtami, I prayed for the welfare of the people of the state by worshipping according to rituals in the festival organised at the CM's residence on the occasion. Cultural programs have been organised at about 162 places across the state. It is our resolve that we will develop all the places associated with Lord Krishna as pilgrimage sites in the state," the CM said in a post on X. Janmashtami is celebrated as the day when Lord Krishna was born. Lord Krishna's birthday falls on the Ashtami Tithi of Krishna Paksha in the month of Bhadrapad. Although the celebration takes place in different parts of the country, Mathura and Vrindavan hold a special significance. One being his birthplace, and one where he spent his childhood and did his baal leela. At midnight, a special ritual is performed when the idol of Lord Krishna is bathed in milk, yoghurt, honey, ghee, and water. During the Krishna Abhishek, bells are rung, conch shells are blown, and Vedic hymns are performed. (ANI)
NDTV
3 hours ago
- NDTV
'US Thinks They Can Boss Around': Top Economist Jeffrey Sachs Slams Trump Tariffs On India
US economist Jeffrey Sachs has criticised President Donald Trump for slapping hefty tariffs on India, denouncing the policy as both "stupid" and saying it "serves no purpose". Speaking to ANI, Sachs said Trump's move reflects hostility toward the BRICS alliance of India, China, Russia, Brazil and South Africa. "This makes no sense. It's not true. It's failing. Putting the surcharge on India was as stupid as it could be from any norm. It serves no purpose," he remarked. Sachs described Trump as "delusional" and blasted Washington's long-standing habit of exercising global dominance. "The US has exercised its dominant power for so long, they think they can boss every other part of the world around," he said. According to Sachs, the 50% duties slapped on Indian imports, triggered by New Delhi's oil trade with Russia, are not only damaging to America's own economy but also breach global rules. "Everything about the tariffs is wrong. It's destructive for the US economy. It violates international law. It's a breakdown of our political system. Trump's policies are doomed to fail," he warned. The economist also advised India to take a cautious view of Washington, arguing that New Delhi's long-term interests will not be safeguarded by leaning on the US for defence or trade. "US politicians don't care at all about India. Please understand this. India is not going to reap long-term security by siding with the United States in the Quad against China. India is a great power that has an independent standing in the world," Sachs said. Instead, he pointed to China, Russia and Brazil as India's "real partners," cautioning against the belief that India could seamlessly substitute China in global supply chains. Even if India aids in diversifying US sourcing, Sachs said, it should not expect a "great trade relationship" with Washington. He has previously called Trump's tariffs "unconstitutional," arguing they expose deep flaws in America's economic and foreign strategy.
Economic Times
3 hours ago
- Economic Times
Growth to get lift, boost for demand after GST rationalisation, say economists
Synopsis Economists predict that the Goods and Services Tax (GST) rationalization will significantly boost domestic demand, providing crucial support to the Indian economy amidst challenges posed by US tariffs. The simplified tax structure, particularly benefiting essentials, is expected to increase disposable income for lower and middle-income consumers. ANI GST reform push has drawn favourable comments from economists. Domestic demand will get a boost after goods and services tax (GST) rationalisation, economists said, providing support to the economy that's seen likely taking a hit from the 50% duty levied on Indian imports by the US.'At a time where consumption demand has been uneven and felt pressure from high inflation and low nominal wage growth over the last couple of quarters, the proposed GST reforms are a positive, especially for essentials, aiding consumption by the lower and middle income class,' said Sakshi Gupta, principal economist at HDFC Bank. QuantEco Research economist Yuvika Singhal said, 'Any kind of reduction in taxes is positive for consumption as it leaves higher disposable income in the hands of consumers.' Prime Minister Narendra Modi had said in his Independence Day speech on Friday that GST reforms would provide relief to micro, small, and medium enterprises (MSMEs), local vendors and GST cuts on items will range from durables such as refrigerators and air conditioners to packaged foods and medical supplies. 'It's a much-needed development, and GST rationalisation is the need of the hour, apart from other reforms,' said Paras Jasrai, associate director at India Ratings and Research (Ind-Ra). The Centre has proposed that India move to a simpler, two-slab structure from four currently--retaining the 5% and 18% rates and scrapping the 12% and 28% levies, ET reported earlier. 'With indirect taxes having a wider reach, GST reforms can deliver a stronger boost,' said Gaura Sengupta, chief economist at IDFC First Bank. 'Rural consumption is improving but not broad-based enough to offset weak urban demand, so a fiscal push was needed—and these reforms provide that.'Jasrai said that lower stabs and tax rates will give consumption demand a significant boost, especially amid the uncertainty over trade tariffs that are seen impacting external President Donald Trump has imposed a 50% tariff on India, including a 25% penalty for importing Russian oil. The International Monetary Fund (IMF) and World Bank have cut global growth forecasts amid the prevailing trade uncertainty. Even so, India's domestic strength will stand out.'Since domestic consumption makes up a larger share of the economy, India will remain resilient despite global headwinds,' said Singhal. An increase in spending activity will also lift gross domestic product (GDP). The boost to nominal GDP growth is estimated at 0.6 percentage point over 12 months using fiscal multipliers, said Bank's Gupta said the reform could boost demand for consumer durables if GST rates on items such as ACs and TVs are reduced. 'A more notable impact could also be seen for demand for two-wheelers and cars if the current GST rate of 28% is reduced to 18%,' she highlighted that fast-moving consumer goods (FMCG) companies will see a positive impact, depending on how and when the changes are implemented.
