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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Bhatkal: New Shams School pays tribute to SM Syed Khalil
Bhatkal: The management and students of New Shams School gathered during their morning assembly on Saturday to mourn the demise of SM Syed Khalil, a prominent NRI businessman and a guiding force for the school.
Addressing the assembly, Education Board member Moulana Ziya Ruknuddin reflected on Syed Khalil’s remarkable life journey. He highlighted how Khalil, born under challenging circumstances following his father’s death before his birth, overcame significant obstacles to achieve great success.
“Khalil’s life is an inspiration for all of us,” Maulana Ruknuddin said, urging students to draw lessons from his resilience, dedication, and humility. He also emphasized Khalil’s commitment to supporting education and his role in uplifting the people of Bhatkal.
Moulana Ziya further acknowledged Khalil’s contributions to the school, noting his instrumental role in constructing the new campus of New Shams School. He described Khalil as a mentor and guide who was always available to offer his support and vision for the betterment of the institution.
Principal Liyaquat Ali and Board Secretary Syed Qutub Barmawar also attended the ceremony, along with teachers and other staff members, as they joined the students in paying tribute to the beloved community leader.
