India's economic growth falls to decade low of 5% in 2012-13

May 31, 2013

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New Delhi, May 31: Pulled down by poor performance of farm, manufacturing and mining sectors, economic growth slowed to 4.8 per cent in the January-March quarter and fell to a decade's low of 5 per cent for the entire 2012-13 fiscal.

The economic growth or gross domestic product (GDP) had expanded by 5.1 per cent in January-March quarter of last fiscal. Economy had grown at 4 per cent in 2002-03.

India's economic growth was at 6.2 per cent for the 2011-12 fiscal. It had grown by 5.4 per cent, 5.2 per cent and 4.7 per cent in the first, second and third quarters, respectively, of 2012-13, according to data released by the Central Statistical Organisation (CSO) on Friday.

In January-March quarter of 2012-13, manufacturing sector grew marginally by 2.6 per cent, against 0.1 per cent growth in the same period of the earlier fiscal.

During 2012-13, the sector under review grew by a meagre one per cent compared to 2.7 per cent in the previous fiscal.

Mining and quarrying sector contracted by 3.1 per cent during the fourth quarter of last fiscal, as against growth of 5.2 per cent in output in the same period of 2011-12. The contraction in mining sector remained unchanged at 0.6 per cent in 2012-13 over the previous fiscal.

Farm sector output expanded by just 1.4 per cent in January-March this year, as against 2 per cent in the same quarter of 2011-12.

The agriculture sector also grew at a slower rate of just 1.9 per cent in 2012-13 compared to 3.6 per cent in 2011-12.

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June 8,2024

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Sofia Firdous, the Congress MLA from the Barabati-Cuttack seat in Odisha, has got her name registered in history books. She is the first-ever Muslim woman legislator to have been elected to the Odisha Assembly.  Ms Firdous defeated BJP's Purna Chandra Mahapatra by a margin of 8,001 votes.

Who is Sofia Firdous?

Sofia Firdous, 32, comes from a political family. She is the daughter of Mohammed Moquim, a senior Congress leader. The party replaced Mr Moquim with Ms Firdous in the 2024 Odisha Assembly elections, who emerged victorious. 

Ms Firdous holds a Civil Engineering degree from Kalinga Institute of Industrial Technology. She also completed an Executive General Management Program from the Indian Institute of Management, Bangalore (IIMB) in 2022.

In 2023, Ms Firdous was elected as the president of the Bhubaneswar chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI). She also serves as the East Zone Coordinator for the CREDAI women's wing.

She is the Co-Chair of the Bhubaneswar Chapter of the CII - Indian Green Building Council (IGBC) and a core member of INWEC India. She is married to entrepreneur Sheikh Meraj Ul Haque. 

She follows in the footsteps of Nandini Satpathy, Odisha's first woman chief minister, who represented the same constituency in 1972. 

In the 2024 Odisha Assembly elections, the BJP secured a majority, winning 78 of the 147 seats, ending Chief Minister Naveen Patnaik and Biju Janata Dal's (BJD) 24-year rule in the state.

In the Lok Sabha elections, too, the BJP claimed victory in 20 of the 21 seats in the state, eight more than their tally of 12 in the 2019 polls. The remaining seat went to Congress, while the BJD did not win a single seat.

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June 8,2024

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New Delhi: The Congress Working Committee passed the resolution that party MP Rahul Gandhi should be appointed as the Leader of the Opposition in Lok Sabha, sources said today.

Rahul Gandhi won the Lok Sabha elections from Raebareli in Uttar Pradesh and Wayanad in Kerala.

"All members have given their proposal to the party president. Rahul ji has requested some time to think. However, we want him to stand as strong Leader of Opposition," said All India Mahila Congress president Alka Lamba.

After the CWC meeting, Congress MP Kumari Selja said, "It was the CWC's wish that Rahul Gandhi be elected the LoP..."

Senior Congress leader and newly elected MP from Alappuzha KC Venugopal said "CWC unanimously requested Rahul Gandhi ji to take the responsibility of the leader of the opposition in the Lok Sabha."

The CWC resolution praised Rahul Gandhi for his efforts in the election campaign.

"Former Congress President Rahul Gandhi has to be singled out largely because of the Bharat Jodo Yatra and the Bharat Jodo Nyay Yatra that he designed and led. Both these Yatras that reflected his thinking and personality were historic turning points in our nation's politics and instilled hope and confidence in lakhs of our workers and crores of our voters. Rahul Gandhi's election campaign was single-minded, sharp and pointed and more than any other individual it was he who made the protection of our republic's Constitution the central issue in the 2024 elections. The PaanchNyay-Pachees Guarantee programme which resonated so very powerfully in the election campaign was the outcome of Rahulji's yatras in which he listened to the fears, concerns and aspirations of all people, especially youth, women, farmers, workers, Dalits, Adivasis, OBCs and minorities," it said.

The meeting of the extended Congress Working Committee was held in the national capital on Saturday. The meeting was attended by Congress Parliamentary Party chairperson Sonia Gandhi, Congress chief Mallikarjun Kharge, Congress leaders Rahul Gandhi, Priyanka Gandhi, Manish Tiwari, DK Shivakumar, and Revanth Reddy among others.

Speaking after the CWC meeting, Congress Rajya Sabha MP Pramod Tiwari said, "Definitely he (Rahul Gandhi) should become (LoP in Lok Sabha). This was the request of our working committee. He is fearless and courageous."

Earlier in the day, several party leaders voiced their demand that Rahul Gandhi should take over the key role.

Speaking on the same, Telangana Chief Minister Revanth Reddy said that this is the demand of 140 crore Indians.

"Our demand is the same as that of 140 crore Indians. Rahul Gandhi has to take the position as the leader of the Opposition. Rahul Gandhi has been fighting for women and the unemployed," he said.

Congress MP Sukhjinder Singh Randhawa who won the Lok Sabha election from Gurdaspur said that Rahul Gandhi is someone who can reply to the Prime Minister in the Parliament and hence he should assume the position of LoP.

"We will play the role of a strong Opposition in the Parliament. Yes, we want the country to get such a face who can reply to the Prime Minister. I think the entire country wants this," he said.

After the Lok Sabha Polls, the Congress has emerged as the second-largest party in the election and improved its tally to 100, from 52 in the 2019 Lok Sabha poll.

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June 9,2024

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New Delhi: Prime Minister Narendra Modi took oath today along with 72 ministers of the new coalition government. 30 of them are Cabinet Ministers, 5 independent charge, and 36 Ministers of State. The portfolios will be announced later.

PM Modi, 73, will head a coalition government in his third term, or Modi 3.0, for the first time since he became Prime Minister in 2014 following a huge "Brand Modi" victory after 10 years of the United Progressive Alliance (UPA) rule.

In keeping with 'coalition dharma', the new Council of Ministers will be 72-strong and comprise 11 ministers belonging to NDA partners. The Council of Ministers will have a broad representation of social groups, including 27 Other Backward Classes (OBC), 10 Scheduled Castes (SC), 5 Scheduled Tribes (ST), and 5 minorities. A record 18 senior Ministers will be heading major ministries.

The oath ceremony is being held at the lawns of the Rashtrapati Bhavan, with the weather office forecasting a maximum temperature of 42 degree Celsius in the national capital.

President Droupadi Murmu administered the oath to PM Modi. Rajnath Singh and Amit Shah took oath after PM Modi. Nitin Gadkari was the fourth leader to be administered the oath of office. JP Nadda, Shivraj Singh Chouhan, and Nirmala Sitharaman followed.

Leaders from India's neighbourhood and the Indian Ocean Region including Sri Lankan President Ranil Wickremesinghe, the Maldives President Mohamed Muizzu, and Bangladesh Prime Minister Sheikh Hasina attended the event.

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