Meeting with Helican Dada, Bhauju and family @Virginia

Criminal Laws Overhaul:

Three news bills introduced by Home Ministry in parliament to replace IPC, CrPC and Evidence Act.

The Indian Penal Code (IPC), which was framed by the British in the year 1860, has been the core of the criminal justice system of the country for more than 160 years. It is now set to be replaced by the Bharatiya Nyaya Sanhita, 2023. The CrPC of 1973 will be replaced by the Bharatiya Nagarik Suraksha Sanhita, 2023. The Indian Evidence Act of 1872 will be replaced by the Bharatiya Sakshya Bill, 2023.

the process of drafting the three laws involved consultations with 18 states, 7 Union Territories, judges from the Supreme Court and High Courts, along with 22 law universities, 142 MPs, 270 MLAs, and numerous members of the public. This effort spanned four years and encompassed a total of 158 meetings.

Today in Uttar Pradesh Vidhan Sabha ~ Refusing opposition demand, Govt categorically denied to introduce reservation for jobs in Private Sector

This is a step in right direction, specially for a state which seeks to be a 1 trillion USD economy through industrialisation & private investment.

Now the private companies who are facing reservation sword by ruling party in state will think about moving operations to UP where they get better Law and Order and freedom to work

Result, UP grow faster and better

शुभदिन।

जय शनिदेव।

जय हनुमान।

जयजय।

Good morning

Jwai Sanga DC Ghumgham

India's Decade of Transformation:

Corporate Debt as % of GDP
2015- 65%
2023- 50%

Foreign Direct Investment:
2013- $22 B
2023- $46B

Mutual Fund Investment:
2013- $100 B
2023- $500 B

Electrified Railways:
2013- 4,100 kms
2023- 28,100 kms

Corporate Tax Rate:
2013- 33.9%
2023- 22%

RBI CPI Inflation:
2013- 10%
2022- 4.7%

Direct Benefit Transfer:
2013- $0.89 B
2023- $32 B

Highways:
2014- 25,700 kms
2023- 53,700 kms

Digital Transaction as % of GDP
2016- 4.4%
2023- 76.1%

Source: Morgan Stanley Report.

China highly concerned after Japanese Navy guided missile destroyer visits India's Port Blair near Malacca strait.

China's Economic Slowdown

- Country is in deflation for first time since February, 2021.

- Youth unemployment at record high 21.3%.

- Exports have fallen to a three-month low, imports at five-month low.

- China’s biggest private homebuilder Country Garden, lost around $7.6 billion in the first half of the year and missed bond payments.

- New lending by banks has fallen to lowest levels since 2009.

- Local government debt continues to mount, has now risen to $9.3 trillion.

- IMF projected 5.2% growth for 2023, equivalent to 35% of total global growth, but other analysts are starting to revise estimates downwards.