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BJP fields Olympian Yogeshwar Dutt in Haryana bypoll

The BJP&nbsp;has named party leader and Olympic medallist Yogeshwar Dutt as its candidate for the bypoll to the Baroda assembly constituency in Haryana

The BJP&nbsp;has named party leader and Olympic medallist Yogeshwar Dutt as its candidate for the bypoll to the Baroda assembly constituency in Haryana. The by-election for the Baroda seat in Sonipat&nbsp;will be held on November 3.&nbsp;The bye-election was necessitated due to the demise of Congress MLA Shri Krishan Hooda in April. In the 2019 assembly polls, Dutt had lost to Hooda from the seat. The BJP&nbsp;has never won the Baroda seat.

Chandigarh, PTI: The ruling BJP on Thursday named party leader and Olympic medallist Yogeshwar Dutt as its candidate for the bypoll to the Baroda assembly constituency.
According to a party statement, the wrestler-turned-politician will contest the November 3 bypoll from Baroda seat in Sonipat.
The last date to file nomination for the bypoll is Friday.
The bye-election was necessitated due to the demise of Congress MLA Shri Krishan Hooda in April. In the 2019 assembly polls, Dutt had lost to Hooda from the seat.
Till about midnight, the Congress was yet to announce its candidate for the seat.
Earlier in the morning, some sports personalities including BJP leader Babita Phogat, Sakshi Malik, Geeta Phogat and&nbsp;Dutt had met Chief Minister M L Khattar in Delhi.
The sportspersons batted for&nbsp;Dutt's candidature for the Baroda seat, which the saffron party has never won.
Khattar earlier said that the party''s state unit had discussed 25 names, but shortlisted four and sent it to the party high command.
The party on Thursday evening announced&nbsp;Dutt's name for the seat.
The wrestler-turned-politician, who hails from Bhainswal Kalan village in Sonipat district, had joined the BJP in 2019 ahead of the state assembly polls.

Understanding GDP Slump – Part 1 of 3 | Summachar

The recent COVID pandemic has had a disastrous effect on economies across the world.
 In April-June quarter of 2020, India&rsquo;s GDP slumped by -23.9%, a figure that shocked everyone. What does this actually mean? Is a recovery possible? If so, how? Let&rsquo;s go beyond just a number and dig deeper to get better insights.&nbsp; &nbsp; To be able to meaningfully discuss any GDP related news, we need to start from the fundamentals and understand the different GDP terminologies. &nbsp; Gross Domestic Product is the total value of goods and services produced during a given period, usually a year or a quarter. It is represented in currency value (like ₹, $, RMB, etc).&nbsp; GDP growth rate, as the name indicates, is the growth of GDP in a given time period compared to a previous time period. It is represented in %age and calculated on annual or quarterly bases.&nbsp; &nbsp; Quarterly growth is calculated by comparing GDPs of 2 quarters.&nbsp; Quarter on Quarter or&nbsp;QoQ&nbsp;Growth is the Growth of quarterly GDP compared to previous quarter - it captures seasonal volatility. &nbsp;
 Year on Year Growth or YoY Growth is the Growth of quarterly GDP compared to the same quarter in previous year. It captures seasonal volatility and also shows long-term trends to an extent.&nbsp; Annual Growth is the Growth of annual GDP compared to previous year. It outlines long-term trends.&nbsp; &nbsp; In the next part of this series we will look at the impact of COVID19 on GDP across the world.

Rajnath in Lok Sabha: warned China through diplomatic & military means

Defence Minister Rajnath Singh in Lok Sabha: "China doesn't recognise the traditional and customary alignment of the boundary. We consider that this alignment is based on well established geographical principles."
"We have told China through diplomatic channels that the attempts to unilaterally alter the status quo were in violation of the bilateral agreements."
"The perception of LAC is different for both India and China. The government is coordinating with different intelligence agencies. Since April, China has been increasing soldiers and arm deployment at the border. India has been successful in warning China through both diplomatic and military means"

Defence Minister Rajnath Singh in Lok Sabha: "China doesn't recognise the traditional and customary alignment of the boundary. We consider that this alignment is based on well established geographical principles."
"We have told China through diplomatic channels that the attempts to unilaterally alter the status quo were in violation of the bilateral agreements."
"The perception of LAC is different for both India and China. The government is coordinating with different intelligence agencies. Since April, China has been increasing soldiers and arm deployment at the border. India has been successful in warning China through both diplomatic and military means"

Impact of 23.9% crash in India's GDP | BOOM

India's GDP has fallen by 23.9% for April-June Quarter. The data captures impact of a COVID-19 led lockdown that was imposed in India since the 3rd week of March. What does this dramatic fall in GDP mean and how should we be interpreting these numbers for present and future issues in our economy? BOOM Explains.
DK Joshi, Chief Economist, CRISIL, says that this fall will impact everyone differently. Initial hit to industries has been more than services like entertainment, tourism, sports etc, but manufacturing will rebound faster than services - services will have a longer slowdown impact. Consumption and investments have gone down significantly, lessening the potential of the economy, and unless this doesn't improve, the lockdown will have medium term impact.
Watch BOOM's Govindraj Ethiraj interview DK Joshi on the reasons why did Indian economy got hit more than other countries due to the lockdown.

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