Former Chief Economist of World Bank hints why India can become world's worst performing economy
New Delhi: Former Chief Economist of World Bank, Kaushik Basu recently took to his Twitter handle and briefed his views about how North Korea went on to become one of the worst-performing economies in the world.
In the tweet, Basu added that North Korea became one of the worst-performing economies in the world by dismissing reports and data that showed its economic slowdown as “anti-national propaganda” instead of taking corrective actions.
“North Korea became one of the worst performing economies in the world by a simple technique.—Every time data emerged showing that its economy had slowed down, instead of taking corrective action, this was dismissed as anti-national propaganda” Basu who is also a Professor of Economics, Cornell University, wrote in his tweet.
Although not in clear words, it was evident Basu was taking a dig at the approach of right-wing Indians, and those who are part of the government, who are often seen siding with and defending the government on the emergence of poor economic reports and data of slowdown.
Basu’s followers and other Twitter users were also quick to pick up and the hint Basu dropped with the tweet. While many users agreed with Basu’s views, some believed otherwise.
North Korea became one of the worst performing economies in the world by a simple technique.—Every time data emerged showing that its economy had slowed down, instead of taking corrective action, this was dismissed as anti-national propaganda.
— Kaushik Basu (@kaushikcbasu) December 10, 2020
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SC seeks ED's response on journalist's bail plea in money laundering case
New Delhi (PTI): The Supreme Court on Monday asked the Enforcement Directorate (ED) to file its response within three days on a bail plea of journalist Mahesh Langa in a money laundering case linked to an alleged financial fraud.
A bench comprising Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi also asked senior advocate Kapil Sibal, appearing for the jailed journalist, to file rejoinder, if needed, to the ED's response within two days of it being filed.
The top court fixed the case for further hearing on December 15.
During the brief hearing on Monday, Sibal said a journalist has been facing as many as six cases.
"The journalist is accused of extortion," the counsel for the ED said and sought a short adjournment on the ground that Solicitor General Tuhar Mehta was unavailable at the moment.
The top court on September 8 sought responses from the Gujarat government and the ED on Langa's bail plea.
While issuing the notices on Langa's bail plea, the bench asked, "What kind of a journalist is he?"
"With due respect, there are some very genuine journalists. But there are also people who on their scooter say we are 'patrakar' (journalists) and what they actually do everybody knows," the bench told Sibal.
Sibal replied that these are all allegations.
"In one FIR, he gets anticipatory bail, then a second FIR is lodged and again anticipatory bail is granted but now he is booked under a third FIR for income tax evasion. There are other things also against him," Sibal submitted.
He added that there is a background to the case also.
On July 31, the Gujarat High Court rejected Langa's bail plea in the money laundering case on the grounds that if released on bail, prejudice would be caused to the prosecution case.
On February 25, the ED said it arrested Langa in a money laundering investigation linked to an alleged financial fraud.
He was first arrested in October 2024 in a GST fraud case.
The money laundering case against Langa stems from two FIRs filed by Ahmedabad police on charges of fraud, criminal misappropriation, criminal breach of trust, cheating and causing wrongful loss of lakhs of rupees to certain people.
