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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Gangolli Police arrest couple in house robbery case within seven hours
Gangolli: In an operation, the Gangolli police arrested a couple accused of a house robbery within seven hours of the incident.
The accused, identified as Vinayak (41) and his wife Pramila (30) from Gujjadi, were taken into custody following a coordinated investigation by the police team.
The robbery took place on the morning of January 21 when a bag containing jewelry was stolen from a house near Trasi Beach. Among the stolen items were a 16-gram gold necklace, a 16-gram bangle, and three gold rings weighing 3 grams, with the total value of the jewelry estimated at Rs 2 lakh. The culprits fled the scene on a scooty.
Following the registration of the case at the Gangolli police station, SSI Harish R. and a team comprising officers Shantaram, Raju, Nagaraj, Raghavendra, Sandeep Kurani, Maruti Nayak, and Dinesh swiftly gathered intelligence and tracked down the suspects by 8 p.m. on the same day. The stolen gold ornaments and the vehicle used in the crime have been recovered.
The accused were presented before the court, and further legal proceedings are underway.
