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Long power cut around Jajmau

 Recently, Jajmau residents faced a long power cut. It was quite intolerable. Some residents were reportedly sheltered at their relatives' residences in nearby localities. It was definitely a harrowing experience, undoubtedly. People, anyhow, tolerated the worst situation. Such a long-duration power failure in the main localities of the Jajmau area left hapless residents, old ladies, young mothers, and others leaving their homes for relatives' homes, where power supply continued without any disruption.  A totally different scene erupted over a little longer power disruption in Jajmau. There was no clear-cut information about the restoration of the power supply. The residents honestly endured the unsatisfactory situation with the support of an inverter up to 07 a.m.  Certain families moved to their relatives' places to beat the heat.  Even the political leaders kept on asking for the exact timing of the restoration of the normal electricity supply. It was only possibl...
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Technology & growth


C. Rangarajan, ex-Governor, RBI, in his recent address, said that technology has given impetus to economic growth. Saner Economists estimate that the growth that the developed countries have put down in the last 150 years or more was possible only because of progress in technology.

He maintained, “I would say that a growth between 7-8 per cent will take it closer to a developed economy, because as per the definition of a developed economy, per capita income should be US $ 13,000 or more."

Currently, India's per capita income stands at US$2700. This means that per capita income will have to increase five times,”  he added.

Rangarajan further said that innovation cannot be the only means to eliminate poverty and inequality. 

He pointed out that apart from a faster growth rate, the country may also need social security and subsidies in the form of cash and basic income.

He let out that if the exchange rate is kept at a low level or the prices increase then the income will increase, only then India can become a developed nation.

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