NEW NAVY CHIEF TAKES CHARGE Newly appointed Naval Chief Admiral R Hari Kumar hugs his mother during his charge taking ceremony in New Delhi on Tuesday. He was serving as the Flag Officer Commandingin-Chief of the Western Naval Command before taking the reins of the Navy. He replaced Admiral Karambir Singh who has retired after 41 years of service | PTI | P7 WARANGAL WEDNESDAY DECEMBER 1, 2021 `7.00 PAGES 12 CITY EDITION CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI THE UPSIDE EXCEEDS EXPECTATIONS GDP grows 8.4% in the July-August 2021 quarter better than analysts’ expectations Indian economy had grown 20.1% in the previous quarter but that was due to low base effect FMCG slips Latest GDP growth numbers show that India’s economic growth has surpassed pre-Covid levels FY22 CORE SECTOR UP The govt estimates fiscal deficit at 6.8% of the GDP in the current fiscal India likely to have double-digit growth this fiscal, aided by rising demand and a robust banking sector Chief Economic Adviser K V Subramanian The output of eight core sectors rose 7.5% in October on healthy performance by coal, natural gas, refinery products and cement segments The FMCG sector grew 12.6% annually in Q2 againt 36.9% in Q1, according to market research firm Nielsen The production of eight infrastructure sectors (coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity) had contracted 0.5% in October 2020 Rural markets saw 2.9% dip in volume due to slowdown in consumption Growth engine picks up speed GDP expands 8.4% in second quarter, beats expectations and surpasses pre-Covid levels A N U R A D H A S H U K L A @ New Delhi INDIA’s GDP grew 8.4% in the July-September 2021 quarter, on the back of improving private consumption and industrial activities, giving the government hope that growth will be in double digits in the current financial year. The growth has surpassed pre-Covid levels. In value terms, GDP stood at `35,73,451 cr during July-September 2021, higher than the `35,61,530 crore recorded in the corresponding period in 2019-20, before Covid. The economy had contracted 7.4% in July-September quarter of 2020-21, data released by the National Statistical Office showed. “Overall growth for the first half has been 13.7%. So, even a little more than 6% growth in the subsequent quarters should be able to deliver double-digit growth for this year,” said Chief Economic Advisor K V Subramanian. This confidence was boosted by the output of the eight core sectors, which grew 7.5% in OcJAB-O-METER TAKE YOUR SHOT November 29 70,85,126 doses November 30 72,49,189 doses TOTAL DOSES: 1,24,01,57,719 NATIONWIDE NOV 29 NOV 30 Fresh cases 8,309 6,990 Recoveries Deaths 9,905 236 10,116 190 TELANGANA NOV 29 NOV 30 Fresh cases 184 196 Recoveries Deaths 137 1 184 2 tober against a 0.5% contraction a year ago. Agriculture was steady despite an uneven monsoon, while other sectors showed signs of improvement. Notably, private final consumption expenditure in the economy grew 8.6% growth at `19,48,346 crore against `17,93,863 crore. The government’s final consumption expenditure also grew from `3,32,582 crore to `3,61,616 crore. Experts, however, advise caution. “The disaggregated data is far from convincing, with considerable lags in private and government consumption expenditure being absorbed by a sharp rise in valuables relative to the pre-Covid level of Q2 FY2020,” said Aditi Nayar, chief economist at ICRA. The latest NielsenIQ’s FMCG Snapshot for the third quarter of 2021 narrates a mixed bag consumption story. While the FMCG sector grew at 12.6% in the July-September quarter, the growth was urban led with rural India seeing a slowdown due to consumption decline. THE DOWNSIDE CHALLENGE OF URBAN UNEMPLOYMENT IS YET TO BE ADDRESSED, AS THE JOBLESS FIGURE CLIMBED MARGINALLY DESPITE THE ECONOMY DOING BETTER UNEMPLOYMENT RATE AMONG FEMALES IN URBAN AREAS Jan-Mar 2020 E X P R E S S N E W S S E R V I C E @ New Delhi 10.6% 13.1% Oct-Dec 2020 Jan-Mar 2021 11.8% UNEMPLOYMENT RATE AMONG MEN IN URBAN AREAS Oct-Dec 2020 Jan-Mar2021 9.5% 8.6% Unemployment rate inches up to 9.3% in Jan-March qtr: NSO E X P R E S S N E W S S E R V I C E @ New Delhi URBAN unemployment rate has increased to 9.3% in the January-March 2021 period from 9.1% in the year-ago period, according to a periodic labour force survey by the National Statistical Office (NSO). While 9.3% is lower than the peak urban unemployment level of 20.8% recorded in the April-June quarter of last year, it is still at higher than preCovid levels. CMIE data The figures, released on Tuesday also showed that un- According to , employment among women is the monthly rising as 11.3% women in the unemployment labour force found themselves data released without a job in the January- by the Centre March 2021 quarter compared for Monitoring to 10.6% in the year-ago peri- Indian od. Unemployment among Economy males remained at the same (CMIE), joblessness in level as last year, at 8.6%. Labour force participation the country rate (percentage of persons stood at 7.13% in labour force in the popula- as on tion) in urban areas came November 29 down to 47.5% in JanuaryMarch quarter of 2021, compared to 48.1% in the same period a year ago. Women’s participation in the labour force at 21.2% in the January-March quarter was lower than 21.9% in the same quarter previous year though it was better than 20.6% in the October-December 2020 quarter. The working population ratio, defined as the percentage of employed persons in the population, stood at 43.1% in January-March 2021, down from 43.7% a year ago. `10.9 K cr revenue gap: Will TS govt allow Discoms to hike power tariff? V V B A L A K R I S H N A @ Hyderabad THE revenue gap for 2022-23 for both the Discoms is `10,928 crore, after the government’s projected subsidy of around `5,652 crore, according to the aggregate revenue requirement (ARRs) filed with the TS Electricity Regulatory Commission ((TSERC) on Tuesday . Both the Discoms are now looking at the State government as to what extent it would fill the yawning gap and it remains to be seen whether or not the government will allow the Discoms to hike power tariff. As the new tariff, if proposed, is applicable till March 31, 2023, which is an election year and therefore it is perceived that the tariff hike may not be very burdensome, if at all imposed. While directing the Discoms to immediately file tariff proposals, the ERC said that there is a need to enhance the retail supply tariff in order to bridge the revenue gap and strengthen the Discoms’ financial position. CONTINUED ON P5 ERC sees need to bridge gap The ERC said that there is a need to enhance the retail supply tariff in order to bridge the revenue gap and strengthen the Discoms’ financial position Legendary lyricist Sirivennela’s pen falls silent M U R A L I K R I S H N A C H @ Hyderabad RENOWNED Telugu film lyricist and Padma Shri awardee Chembolu Seetharama Sastry, popularly known as Sirivennela Seetharama Sastry died of , lung cancer in a corporate hospital at Secunderabad on Tuesday afternoon. He was 66 and is survived by his wife, two sons and a daughter. His family members admitted him to the hospital on November 24 after he complained of uneasiness. Sastry’s condition deteriorated on Tuesday and he died while undergoing treatment. With his demise, Telugu cinema lost a great personality who was known for his versatility in using the nuances of Telugu language while penning popular songs. Bor n on May 20, 1955 at Anakapalli in Andhra Pradesh, Seetharama Sastry had his secondary education in his hometown before completing his Intermediate education in Kakinada and BA i n A n d h r a Vi sw a K a l a Parishad. He worked with BSNL before his brother Sreerama Sastry discovered his talent and encouraged him to pursue a career in the film industry . Seetharama Sastry made his debut as a film lyricist with Janani Janmabhoomi (1984). P5 SUSPENDED MPS HOLD PROTEST, PARALYSE HOUSES Cemented his legacy Sirivennela cemented his legacy with K Viswanath’s Sirivennela and it became his identity. It was Viswanath who suggested Sastry use his name along with that of the film’s A day after 12 Opposition Rajya Sabha members were suspended for unruly behaviour during the monsoon session, they decided to sit in protest near the Gandhi statue in Parliament as Upper House Chairman Venkaiah Naidu rejected demands to revoke their punishment. While the Centre made the review of Naidu’s order conditional on the MPs apologising for their conduct, the Opposition brushed it away “Apology for . what? For raising the voice of people in the House? Never,” Congress leader Rahul Gandhi said. Floor leaders of the Opposition met twice to discuss various options. It was agreed that since boycotting the proceedings would give the Centre a free hand to pass legislation without discussion, Opposition MPs should stay in the House and continue to press the Centre. The Trinamool Congress did not attend the Opposition meetings. Leader of Opposition in Rajya Sabha Mallikarjun Kharge raised the matter in the House and also wrote to Naidu calling his decision “undemocratic and unwarranted. While the Opposition walked out of the Rajya Sabha, Trinamool members walked out separately However, all 12 MPs will sit together in . dharna during the entire winter session. The Lok Sabha, too, witnessed repeated adjournments. Speaker Om Birla called a meeting of the floor leaders to sort it out, but with little success. EXPRESS READ TS HC upholds ban on gutka and paan masala Hyderabad: The Telangana High Court on Tuesday upheld the ban on consumption of gutka and paan masala, and dismissed the entire batch of 161 petitions filed by various traders dealing with manufacture, sale, purchase and storage of paan masala, gutka, khaini and zarda in Telanana. The High Court bench, headed by Chief Justice Satish Chandra Sharma, said: “The question of interference by this Court in respect of the notification which is bound to save human P2 lives cannot be faulted with in any manner.”
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