India can soon be fifth largest global economy: Jaitley
Mumbai, July 12 : India can become the worlds fifth largest economy soon if firm growth continues, Union Minister Arun Jaitley said on Thursday.
His comments came a day after the World Bank's latest rankings placed India as the world's sixth-largest financial system, ahead of France in seventh place. As per the World Financial Institution data for 2017, India's GDP amounted to $2.597 trillion as compared to $2.582 trillion for France.
"India can become world's fifth largest economy if firm growth continues," Jaitley said in a video address at a National Bank for Agriculture and Rural Development (NABARD) event here.
Noting that the economy is in a stable condition, he said there should be added focus on eliminating agrarian distress.
In this connection, the recent move to hike the Minimum Support Price (MSP) for farmers will help eradicate farmer distress that was rampant last year, he said.
The decision to extend the MSP is an enormous step to scale back the plight of farmers within the nation, he said.
"NABARD has played a crucial role in shaping the agrarian sector."
The NDA government is paying particular attention in improving the country's rural infrastructure, he added.
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15 IAS officers transferred in Haryana
Chandigarh (PTI): The Haryana government transferred 15 IAS officers with immediate effect on Wednesday.
Among those who have been transferred are Vineet Garg, Chairman, Haryana State Pollution Control Board. He has been posted as the additional chief secretary to the government's printing and stationery department, relieving Raja Shekhar Vundru of the charge, a government order said.
Ajay Kumar, Deputy Commissioner, Gurugram, has been transferred and posted as the deputy principal secretary-II to the chief minister against a newly-created post.
Pankaj Agarwal, Principal Secretary, Irrigation and Water Resources Department, has been posted as the principal secretary in the architecture department, relieving Apporva Kumar Singh of the charge.
Saket Kumar, Additional Principal Secretary to Chief Minister, Commissioner and Secretary, Development and Panchayats Department, has been transferred and posted as the commissioner and secretary in the archives department, relieving Shekhar Vidyarthi of the charge.
Mani Ram Sharma, Registrar, Cooperative Societies, has been posted as the secretary in the health department, relieving Rippudaman Singh Dhillon of the charge.
