FRIDAY 19 JANUARY 2024 www.thestatesman.com Pages 12 |` 5.00|LC Twitter.com/thestatesman Facebook.com/thestatesman INDIA’S NATIONAL NEWSPAPER SINCE 1818 KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR WHAT REMAINS OF LENIN’S LEGACY? RAJ CM TO REVIEW GEHLOT GOVT'S DECISIONS P7 SENSEX 71,186.86313.90 WEATHER MAINLY CLEAR SKY. DENSE FOG IN THE MORNING. THE MAXIMUM AND MINIMUM TEMPERATURES WOULD BE AROUND 18 AND 06 DEGREES CELSIUS RESPECTIVELY. RAINFALL: NIL RELATIVE HUMIDITY Max. 100 % TEMPERATURE Max: 18.6 °C (-1) SUN RISES 7:14 hrs MOON RISES 12:28 hrs Min. 56 % Min: 06.6 °C (-1) SUN SETS 17:49 hrs MOON SETS 02:22 hrs THUMBNAILS A devotee offers prayers on the banks of the Saryu river in Ayodhya. ANI 16 schoolkids, teachers drown in boat accident in Vadodara lake: As many as 16 school children and teachers were drowned as a boat capsized in Harni Lake, located on the outskirts of Vadodara, on Thursday, officials said. The tragic accident occurred while the group of 27 students along with their teachers, was on a picnic. Preliminary reports suggest that the students and some teachers from New Sunrise School in Panigate arrived at the lake around 4.30 p.m. for a picnic and boarded a boat that became overloaded. NIFTY 21,462.25109.70 RINKU’S FINISHING SKILLS IMPRESS VEENA VIJAYAN’S FIRM HAD MYSTERIOUS TRANSACTIONS: ROC P5 ` vs $ 83.15 P4 GOLD 62,620330 P12 SILVER 75,500400 BRENT CRUDE (IN $) 76.990.040 PM: VBYto continue its Monetary policy must remain disinflationary, GDP to touch journey of trust in Feb 7pc next fiscal: RBI Governor Modi addresses beneficiaries of the yatra via video conferencing STATESMAN NEWS SERVICE NEW DELHI, 18 JANUARY P rime Minister Narendra Modi on Thursday announced the Viksit Bharat Sankalp Yatra (VBSY), which enrols people for national schemes and was scheduled to end on 26th January, will continue through February because of demand from many people waiting to receive its Modi Ki Guarantee vehicles in several parts of the country. Addressing beneficiaries of the Yatra, via video conferencing, he said over 15 crore people in different parts of the country were reached by the Yatra vehicles and given benefit of joining the national schemes. Mr Modi said these Vikas Rath Yatra vehicles had become Vishwas Rath, vehicles of trust, and people were waiting for them with lot of expectation in thousands of villages. When he learnt of this, he requested officials to see if the Yatra initiative could continue in February, and he expected a decision soon. Started two months ago on 15th November, 2023, the birth anniversary of tribal freedom fighter Birsa Munda, he said the Yatra had achieved response which was unexpected. The Prime Minister said he had talked to the beneficiaries on more than one occasion and it was evident the initiative had turned into a public movement, and had covered 60 to 70 per cent village panchayats of the country. PM said the VBSY stands as the best example of 'last mile delivery' and Central government establishments to remain closed for half day on 22 Jan : Responding to overwhelming sentiment and demands of employees to participate in the celebrations associated with Pran Pratishtha of Ram Lalla at Ayodhya Ram Mandir on 22 January, the government has declared half a day closing of central government establishments in the country.SNS stated that his government is aiming to take all its schemes to saturation level through this Yatra. Over the past nine years, the government has prioritized the underprivileged, aiming to connect every citizen to the mainstream of development. PM releases 6 commemorative postage stamps on Ram Temple STATESMAN NEWS SERVICE NEW DELHI, 18 JANUARY Prime Minister Narendra Modi on Thursday released six special commemora- tive postage stamps on the Shri Ram Janmabhoomi Temple in Ayodhya ahead of its consecration on 22 January. Congratulating all the devotees of Lord Ram in Bharat and abroad on the occasion, the Prime Minister said, "We all know that these stamps are pasted on envelops to send letters or important documents. But they serve another purpose as well. Postage stamps also act as a medium to pass on historical events to the future generations.” STATESMAN NEWS SERVICE NEW DELHI, 18 JANUARY Monetary policy in India must remain actively disinflationary despite the recent sharp fall in core inflation, Reserve Bank of India Governor Shaktikanta Das said at the World Economic Forum in Davos. Headline inflation has substantially eased from its highly elevated level of the summer of 2022 underpinned by steady moderation in CPI core inflation. There is easing of price momentum across core goods and services. “This would show that our monetary policy action of increasing the repo rate by 250 basis points between May 2022 and February 2023, together with rebalancing of liquidity, is working,” the governor said. Even as the cost-push pressures induced by high commodity prices and supply-side shocks have eased, adverse transitory food price shocks with their increasing incidence and intensity, are imparting considerable volatility to headline inflation, he added. Mr Das added that going forward, the inflation outlook would be considerably influenced by food prices, which remain uncertain. Recurring food price shocks could lead to de-anchoring of inflation expectations and generalisation of price pressures. Monetary policy, amidst these uncertainties, needs to be alert and remain actively disinflationary to steer inflation towards the target rate of 4per cent on a durable basis. Needless to add that a stable inflation will provide the bedrock to India’s growth ambitions, he said. Shaktikanta Das further said that amidst an uncertain and challenging global macroeconomic environment, the Indian economy presented a picture of confidence, positivity and optimism. “Turning to the outlook on inflation and growth for the next financial year, our research teams are in the process of making a comprehensive assessment for our forthcoming February 2024 monetary policy. “At this stage, our expectation is that the CPI inflation will average around 4.5 per cent in FY 2024-25,” he added. Talking further about India's GDP growth, the governor said it will touch 7 per cent in FY 202425. Consequently, growth would be 7 per cent and above for four consecutive years starting from FY 202122, he added. Notably, the International Monetary Fund (IMF) has projected that India’s contribution to world growth will rise from the current 16 per cent to 18 per cent by 2028.
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