Economy is recovering, job front set to look up soon: Abhijit
Banerjee
Nobel laureate Abhijit Banerjee forecast a quick recovery
for Indian economy and bright prospects on the job front, in
his interview with ABP channel. He backed Mamata's funding of Durga puja committees to take care of covid expenses. Talking about coronavirus,
he, an economist, said the local trains could run as they
have better cross-ventillation, a simple fact that not many
people bothered to observe! The fatal source of coronavirus
transmission is closed space. The international flights
dispersed the virus all over the world.
KOLKATA, Oct 22: Nobel laureate and noted economist Abhijit Banerjee has backed
West Bengal Chief Minister Mamata Banerjee's announcement of September 24 providing
a grant of Rs 50,000 each to the Durga puja committees in the State for the
festival. There are 36,946 community Durga puja committees in the State
Her Government had said that the organisers would need the additional amount
to adopt COVID-19 safety protocols. However, the funding attracted criticism
from several quarters and was also challenged in the Calcutta High Court.
"It is not a bad decision keeping in mind the additional expenditure by puja
committees to implement safety measures," Abhijit Banerjee said in an interview
to news ABP channel.
The Government had told the High Court that the grant is for "secular purposes"
like buying covid safety equipment. But the court ordered that all Durga puja
pandals in the State be declared no-entry zones to prevent the spread of covid.
Abhijit Banerjee also said during the interview that the Indian economy will
fully recover in a year's time after the crippling pandemic-induced lockdown.
He predicted good prospects on the employment front in the coming year.
"The pandemic has impacted the economy badly and safety from the infection
is also important. However, I think in a year's time we will be able to recoup
to a great extent helping an improved job market," Banerjee said.
Strangely enough, an economist, the Nobel laureate, did observe that transmission
of coronavirus mostly occurs in closed space, and he batted for resumption of
local trains in Kolkata as, he said, trains have better cross-ventillation.
Five people were arrested from a banquet hall in Sector 51 Noida on Thursday
where they were called to hold a rave party in a trap laid by the animal
rights group, PFA. They named Yadav but he was not present.
Betting through Dubai-based Mahadev Book in India is conducted through a countrywide network. Probes reveal that the online gambling is worth several millions and top politicians, officials and celebs have been beneficiaries.
TAILPIECE: Polling dates for some States are round the corner. Top
politicians have begun their acrimonious debate who looted more, even as
Mahadev is washing their dirty laundry in the open ghat. Come what may,
one needs to seize power to amass "thy wretched pelf!" One simple
question is, why else one should spend lakhs or crores to get elected! A
question every Indian should ask to oneself at least once a day!
His inaction amounts to defeating the rights of the people of the State to
welfare measures sought to be implemented through the Bills, the Kerala
Government's petition submitted, while the State of Tamil Nadu remarked
that its "Governor is acting as a political rival."
Tailpiece: Coming up back to back, the petitions in their totality seem to question the provision of Raj Bhavan, and not motives of a Governor as a
person.
Hundreds of cars piled up behind the wreckage of crashes occurring one
after other in backing up - continuous crashes to the rhythm of metallic
clanks and bangs back to back. According to reports, some ops required
'Jaws of Life' to pull apart the mangled cars to save lives inside.
The pilots struggled with Emerson to thwart a shut-off as he reached for
the T-handles (see pix). Later he admitted to police he had taken
psychedelic mushrooms and had a "nervous breakdown."
Doctors reasoned how the incidence of heart attacks is spiking over time and
advise the simple way to play safely is to take a break and rehydrate
yourself.
But how come ten people, including children, die of cardiac arrest at
Garba in 24 hours, and that at different places of Gujarat? Garba had been going on
for six days, and every year it is celebrated.
Shocking news from the UK: Leading grocers have started bribing policemen with free food and drinks to persuade them to take action against shoplifters.
Shoplifting has risen by about 27 per cent in 10 major cities across the UK
this year. The cost of retail crime last year was $2.15 billion. Besides, “We
are seeing organised gangs threatening staff with weapons and emptying
stores," Helen Dickinson, chief executive of the British Retail Consortium,
said. Data shows that the police failed to respond to 73 per cent of serious
retail crimes that included assault and abuse of workers, apart from
shoplifting.
Harris said hip-hop is “the ultimate American art form” that “shapes every
aspect of American popular culture.” “Hip-hop culture is American
culture,” she said in a talk at her official residence at the US Naval
Observatory in Washington, D.C.
The social media had mixed reaction. There was much appreciation that
she dances better than any VP in American history. But some called her
"moves" as “cringe” while others did not like her pink pants - "pink pants
don’t look good.” In fact, her ensembles have always been incongruous.
"Let’s see how the (Governor's) Vice-Chancellors are given salary."
Mamata's extreme statements will put the Marxist Government in Kerala,
which is also facing similar issues, to shame. Has she begun the
countdown for a war on the streets?
It's true Mamata has come to see a conspiracy to demolish the established systems across the country, but lacks the ability to foresee what exactly is being pushed.
Brandishing a sword, Mahant Paramhans told reporters on Tuesday he
himself will behead MK Stalin's son for his remarks against Sanatan
Dharma in case nobody came forward to accept his offer he made in his
video. Udhayanidhi reacted to the saint's Monday video, "I will speak
more. I am the grandson of the artist who put his head on the rail track for
Tamil Nadu."
Somanath elaborated, "I am an explorer. I explore the Moon. I explore the inner
space. So it's a part of the journey of my life to explore both science and
spirituality. So I visit many temples and I read many scriptures. So try to find the
meaning of our existence and our journey in this cosmos. So it's a part of the
culture that we are all built to explore, find out the inner self as well as outer
self. So for the outer, I do science, for the inner I come to temples." (See videos)
Rao the mathematical legend had fathered the path-breaking Rao-Blackwell
theorem, one of the most important theorems in mathematical statistics, at the
age of 25. That brought him global fame. He is also famous for his Cramér-Rao
Bound inequality theorem relating to quality of estimators in statistics which has
had a profound bearing on applications of modern economics and several other
diverse fields. Simply put, with the pioneering statistician computation became a
tool to analyse even socio-economic challenges of modern times.
The alleged incident has received such a flash publicity that a standardised
city's hugely middle class population will have second thoughts about eating
outside for some time. Now everything on the table looks suspicious!
“All subjects directly connected to the people should be shifted to the State List. Particularly the subject of education. Only if this is done can cruel exams like NEET be abolished,” Stalin said. Education was moved from the State List to the Concurrent List with the 42nd Constitution Amendment made by the Central Government in 1976.
Decentralisation has been at the core of Tamil politics since the times of CN Annadurai. Stalin indicated there will be political changes in the offing.
TAILPIECE: While the Centre and the States are at loggerheads, it takes a
different cognitive acumen to know that entrance tests are not the way for
students' admission to courses.
As recently as Tuesday Craig Robertson had posted on Facebook: "Perhaps
Utah will become famous this week as the place a sniper took out Biden the
Marxist." Biden was scheduled to make his first visit to Utah as President
Wednesday afternoon.
Maruti is recalling 87,599 S-Presso and Eeco vehicles to inspect and possibly
replace parts in the steering system. All reputed companies around the
world do recall their products when a defect comes to light.
Meanwhile, a question arises why just in about a year so many accidents have
taken place involving Mercedes sent to India while the car has won safety awards
abroad? In most cases, the vehicle collided with divider, while manoeuvring a
turn. Was there a split second delay in the steering system coming to a grip
when at high speed? Did anybody in India bother to study a pattern in several
of these accidents that took place one after other?
Former Tata Sons chairman Cyrus Mistry died when his Mercedes-Benz-SUV hit
a divider in Gujarat. Cricketer Rishabh Pant's Mercedes-Benz-SUV rammed a divider
in Uttarakhand and smashed. It went up in flames but he escaped with injuries.
Brother of PM Narendra Modi, Prahlad Modi's Mercedes-Benz-SUV met with a similar
accident in Mysuru. And many more.
Experts blame violation of the Visual Flying Rules (VFR) for most of the
chopper crashes in the mountains as the leading cause. VFR means fly only
visually - because of the lack of navigation aids in remote areas or unreliability
of GPS-like aids in hilly terrains or a remote manipulation of instruments
in cases of sabotage - as the topography plays havoc especially in the monsoon
(mid-June to September).
Even when VFR is followed, most crashes occur due to CFIT (Controlled Flight
into Terrain) - that is, everything else is OK but the aircraft collides with
hills or trees hidden by the clouds. This also occurs mostly in the monsoon.
On Tueday with Manang, the chopper was brand new, pilot was highly experienced.
But it hit an 'invisible' tree and then crashed against a hillside. This
CFIT occurred when the pilot tried to dodge patches of clouds even as he was
following the VFR.
Simply put, everyone knows flying in the hills during the monsoon is risky,
but the companies want to make more money in any which case. This type of
tragedy is very frequently invited in the Indian hill State of Uttarakhand
as well, where pilots are even made to fly without the mandatory rest.