BJP leader Subramanian Swamy expresses concern over economy
Kolkata, Jan 5: Senior Bharatiya Janata Party leader Subramanian Swamy on Sunday said the country's economy is not showing good signs though Prime Minister Narendra Modi has manifested tremendous leadership skill in fighting terror and in social welfare projects.
The fiscal decisions of the government have not yielded the desired results, the Rajya Sabha MP said here.
"Modi had shown tremendous leadership skill in fighting terror, in several social areas, micro areas like bringing toilets to every village home. But the economy is a complex system...," he said while taking part in a discussion.
While every minister is talking about Rs 5 trillion dollar economy by 2024, but the current GDP growth has to be multiplied in four years to achieve that, the former Union minister said.
He said, if wages are slashed as a measure to cope with the situation, labour will become cheap but that will also cut down the people's purchasing power triggering dip in demand, closing down factories and rise in unemployment.
"This is one problem for which you really need an economist," he said.
Swamy said in jest, "I think Modi has one problem with me. Not only I am an economist but also a politician."
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Delhi's maximum temperature settles at 41.9 deg C
New Delhi (PTI): Delhi on Sunday recorded a maximum temperature of 41.9 degree Celsius, 1.5 notches above the seasonal average, according to the India Meteorological Department (IMD).
The minimum temperature settled at 25.9 degrees Celsius on Sunday morning, 0.6 notches below the seasonal average, the IMD stated.
The weather department predicted strong surface wind during the Monday morning, with the maximum and minimum temperature expected to hover around 44 degrees Celsius and 26 degree Celsius, respectively.
Relative humidity was recorded at 28 per cent at 5.30 pm.
The air quality was recorded in the 'moderate' category at 4 pm, with an Air Quality Index (AQI) reading of 174, Central Pollution Control Board (CPCB) data showed.
According to the CPCB, an AQI between zero and 50 is considered 'good', 51 to 100 'satisfactory', 101 to 200 'moderate', 201 to 300 'poor', 301 to 400 'very poor', and 401 to 500 'severe'.
