The Fitch Raises India Growth Forecast To 7.8% This Fiscal
Global research agency Fitch has raised India’s growth forecast for the current fiscal to 7.8 per cent from the earlier 7.4 per cent. To However, forecast for the next two fiscal, 2019-20 and 2020-21, have been shaved by 20 basis points (100 basis points means 1 per cent) to 7.3 per cent.
The Fitch’s latest projection for the current fiscal is higher than what is estimated by the Reserve Bank of India and even the Government. While the 7.4 per cent is the estimate of RBI , the Government feels that it could be 7.5 per cent. To However, the International Monetary Fund (IMF) cut its projection to 7.3 per cent from 7.4 per cent.The India Ratings too lowered its growth projection by 20 bps to 7.2 per cent.
PM Modi Inaugurates New Airport In Odisha’s Jharsuguda
Prime Minister Narendra Modi has inaugurated a new airport at Jharsuguda, which will attract investors to the mineral-rich area.
Jharsuguda Airport has been developed by the Airports Authority of India in collaboration with Odisha government at an estimated cost of Rs 210 crore, with Rs 75 crore contribution from the state. This airport has been developed under the Centre’s UDAN scheme.
PM Modi Launches World’s Largest Healthcare Scheme
Prime Minister Narendra Modi has launched Ayushman Bharat – Pradhan Mantri Jan Aarogya Yojana from Ranchi, Jharkhand. Under this scheme, over 10 crore families will be provided health assurance worth five lakh rupees each, every year.
This is the world’s largest government-funded healthcare program targeting more than 50 crore beneficiaries. This scheme will provide cashless and paperless access to services for the beneficiary at the point of service.
Renowned Filmmaker Kalpana Lajmi Passes Away
Renowned filmmaker Kalpana Lajmi passed away in Mumbai. She was 64. Kalpana Lajmi, a director, producer and screenwriter, was known for working on real subjects. She was known for her women-oriented films like “Rudaali”, “Daman”, “Darmiyaan”.
Kalpana Lajmi’s last movie as a director was “Chingaari” in 2006, based on a novel “The Prostitute and the Postman” by Bhupen Hazarika, who was her partner. Meanwhile, condolence messages are pouring in from the Bollywood world grieving the demise of Lajmi.