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India finds itself in an unenviable position. Choosing an option has become ever more difficult. Financial sector crisis continues and the country has been suffering from negative shocks to credit growth which pushes up the macro vulnerability and increases downside risks to the growth in GDP. However, as the economy recovers from the pandemic, it needs a strong GDP growth at much higher level and will need to be sustained over the near and medium term to achieve many of its development goals. But higher GDP cannot be achieved without higher credit growth, and the whole situation becomes cyclical, a vicious one.

Chennai: Sarvesh Balappa (Axor Sparks Racing), an engineering student from Hubballi, took the pole position in the Novice (Stock 165cc) category as the second round of the MRF MMSC fmsci Indian National Motorcycle Racing Championship commenced at the Madras International Circuit, here on Friday.

New Delhi: The Union Government on Friday launched revised schemes of Cash Awards, National Welfare and Pension to sportspersons, Web Portal for Schemes of Department of Sports (dbtyas-sports.gov.in) and National Sports Development Fund website (nsdf.yas.gov.in) here today.

The drive to establish one-party authoritarian rule was clearly expressed by the union home minister, Amit Shah, at the national executive meeting of the BJP held in Hyderabad on July 2-3. Moving the political resolution, Amit Shah said that the next 30-40 years will be the era of the BJP in India. It is a small mercy that he did not talk about BJP rule for the next thousand years in the style of the Third Reich.

It is symptomatic of the ultra-nationalistic indoctrination of China under Xi that news of the attack on former Japanese prime minister, Shinzo Abe, was greeted with celebrations on their internet social media.

The weather is hot, tempers are short and, once again, government is in crisis. It normally is — and this one will not be settled while Italians are heading for the beaches. Italian Foreign Minister Luigi Di Maio has split from the populist Movimento Cinque Stella (Five Star Movement, M5S) taking 60 of the party’s 227 members of the country’s Chamber of Deputies.

Boris Johnson’s downfall is the culmination of months of pressure on his leadership, punctuated by repeated scandals over his lying to the public and Parliament. Reports of sexual groping by deputy chief whip Chris Pincher — and Johnson’s knowledge of his past misconduct, before he appointed him — are just the latest in a stream of stories about the prime minister’s reckless disregard for rules. Such revelations, fueled by the texts and emails of months past, are surprising to no one, least of all to the dozens of previously loyalist Tory ministers who now damn him as unfit for office.

It is not yet clear whether the Prime Minister Narendra Modi’s words would prove to be prophetic that Draupadi Murmu’s candidacy could become unifying factor in bringing together all parties, but one thing is certain that Nitish Kumar and Narendra Modi have started the process of coming closer and reshaping their relations which was on sharp decline barely a couple of months back.

Social protection for rural workers in ‘remains a dream’ though 80 per cent of the poor of the world live in rural areas. Inadequate safety at work, low wage, lack of stability and security, and excessive working hours are the grinding stones for them in which women and young workers are the hardest hit by severe decent work deficit.

One servant to the other: Blame it on the British. Prime Minister Narendra Modi said July 7, that the education system India inherited was designed by the British Raj to create a “servant class”. The Prime Minister couldn’t have justified his ‘pradhan sevak’ title in a more succinct manner. However, contrary to what Modi thinks, the colonial education system didn’t disappoint India. The “servant class” of the 1960s and 1970s, through the 1990s, and right up to 2014, left a class of the educated that took India to greater and greater heights with every leap of faith in the inherited education system.