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India celebrates Makar Sankranti

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New Delhi: Makar Sankranti, an Indian festival was celebrated in many parts of India and Nepal. It is a harvest festival which is basically celebrated in the Hindu communities. In India, the states of Bihar, Bengal, Punjab, Maharashtra, Gujarat, Rajasthan and Tamil Nadu celebrate the festival with great fervor and zeal.

In Tamil Nadu the festival is known as Pongal, in Assam as Bhogali Bihu, in Punjab, as Lohiri, in Gujarat and Rajasthan, as Uttararayan.

Makar Sankranti marks the transition of the sun into the zodiacal sign of Makara (Capricon). It is that one day when the duration of the day and night are of equal durations and after this day, the days become longer and the nights shorter. It also marks the arrival of spring in India. It is one of the few festivals which falls on the same Georgian calendar date every year i.e. 14 January, with few exceptions when it comes on 15 January 2016 being one of them.

Makar Sankranti is a blissful festival celebrated by Hindus. All enthusiasts step out of their houses and enjoy flying kites. Colourful kites fill the sky on the auspicious day of Sankranti. The significance of Makar Sankranti is greater in Maharashtra. People send greeting cards to their friends and relatives. The day is started by offering prayers to various deities. People visit temples to bow their heads in front of supreme power.(Inputs from Purti Kalra)(Image-makarsankranti.co)

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Big reforms made India fastest growing major economies globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs big reform.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise. www.mapsofindia.com

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS

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