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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AIMPLB criticises JPC's approach on Waqf Amendment Bill, calls for adherence to guidelines
New Delhi: The All India Muslim Personal Law Board (AIMPLB) has raised serious concerns over alleged procedural violations by the Joint Parliamentary Committee (JPC) reviewing the Waqf Amendment Bill 2024. AIMPLB spokesperson Dr. SQR Ilyas criticised the JPC's approach, describing it as a "transgression of principles" and a breach of constitutional norms.
Dr. Ilyas stated that the JPC should limit consultations to stakeholders directly associated with Waqf matters. However, he claimed the committee is seeking input from organisations that lack relevance, including Central Ministries, the Archaeological Survey of India (ASI), and groups aligned with the RSS.
In recent developments, six opposition members wrote to the Lok Sabha Speaker, expressing dissatisfaction with JPC Chairperson Jagdambika Pal’s conduct, which they allege has hindered fair discussions. This follows an earlier letter by opposition members condemning the chairman's behaviour.
The AIMPLB has demanded that the committee consider objections from AIMPLB and other recognised Muslim organisations, while excluding entities unrelated to Waqf issues. It also urged the JPC to refrain from rushing its report and to follow due process, ensuring thorough debate among members before submission.
