India
The Indian economy is on the mend but high crude oil prices are a source of concern according to the CEA

The Indian economy is now prepared for recovery, according to Chief Economic Advisor (CEA) V Anantha Nageswaran, but the high crude oil price is a matter of concern.
He remarked at a Bharat Chamber of Commerce webinar that the country’s banking industry is solid, capital is plentiful, and credit demand is on the rise.
“We are not alone in experiencing uncertain growth and high inflation as a result of the pandemic. The same issue affects developed countries as well “he stated
Our budget for 2022-23 is based on crude oil prices of roughly $75 per barrel. The price of Texas crude has risen to USD 96 a barrel due to the tension between Russia and Ukraine. “How long this high. price will persist will determine its influence on the Indian economy,” said Nageswaran.
Inflation and the loss of purchasing power, he claims, is a global issue. This is related to increases in shipping costs, container expenses, and oil prices.
Inflation rates in India are now hovering at 5.2 percent. “However, I believe it should remain within the RBI’s target range of four to six percent in the coming fiscal,” he said.
According to the CEA, the Indian market has begun to correct. “In several industries, activity levels have surpassed pre-pandemic levels. The services sector, on the other hand, has yet to recover “.
He stated that the private sector investment environment has yet to perk up because of the ongoing pandemic cloud. When consumption levels rise, they will pick up.
“However, the budget’s capital spending projection for 2022-23 is higher. This was done to fill in the blanks. In reality, state capital expenditures have increased as well “Nageswaran expressed his thoughts.
In response to the budget’s lower allocation for MNREGA, he stated that it is a demand-driven program. “It was done in the hopes that the economy would improve and need for MNREGA money would decrease. However, if there is a demand for the program, monies will be made available “.
The CEA claims that the budget has buffers. “I expect the recovery to begin in the second part of the next fiscal year. The nominal GDP growth rate has been set at 11%. With four percent inflation, real GDP growth will be seven percent.” According to him, India’s GDP should be split 20:30:50 between agriculture, manufacturing, and services for the country to reach a five-trillion-dollar economy.
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Inter-School Cultural Cup Sees Overwhelming Participation In Navi Mumbai

Navi Mumbai Students Shine At NMMC’s Inter-School Cultural Cup.
The Competition
The Inter-School Cultural Cup, organized by the Navi Mumbai Municipal Corporation (NMMC) Sports and Cultural Department, has received an enthusiastic response from students across the city. The event aims to encourage and showcase artistic talent, featuring competitions in singing, dance, short plays, and street plays.
The preliminary rounds, held on March 7 and 8, 2025, across two zones, saw over 4,000 students from various schools participating. A total of 54 schools competed in singing, 65 in dance, 28 in short plays, and 23 in street plays. These initial rounds were conducted in a rehearsal format without elaborate costumes.
A distinguished panel of judges evaluated the performances, including music composer Rigved Deshpande for singing and dancer Priya Samarth for dance. Following the intense preliminary rounds, 20 schools have qualified for the finals in singing and dance, while 10 schools each have advanced in short plays and street plays.
The finals for short plays and street plays are scheduled for March 12, 2025, at Vishnudas Bhave Auditorium, Vashi, followed by the singing and dance finals on March 13 at the same venue.
The competition will conclude with a grand prize distribution ceremony on March 13 at 4 PM, where winners will be honored for their outstanding performances. The event continues to serve as a prestigious platform for young performers to display their artistic skills.
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Commuters Are Severely Impacted By The Severe Bus Shortage At NMMT’s Ghansoli Depot

There is a severe bus shortage at NMMT’s Ghansoli Depot, severely impacting commuters.
The Shortage
The Navi Mumbai Municipal Transport (NMMT) Ghansoli depot is facing a severe crisis, with over 50% of its fleet rendered non-operational due to poor maintenance and technical failures. The situation has led to significant inconvenience for daily commuters who rely on these services.
According to sources, out of the 114 buses in the depot’s fleet, as many as 75 are currently out of service. These buses have been grounded due to various technical issues, including engine failure, gear defects, and chassis cracks. As a result, only 39 buses are operational, of which eight are reserved for school students, leaving a mere 31 buses for public transport.
Commuters have raised concerns about the reliability and safety of the remaining operational buses, fearing mechanical failures due to inadequate maintenance. A Ghansoli resident voiced concerns about the potential risks posed by the poorly maintained buses.
NMMT General Manager Yogesh Kaduskar acknowledged the crisis and assured commuters that efforts are underway to repair and restore as many buses as possible. “We are working towards ensuring that maximum buses are repaired soon and brought on the road to serve commuters,” Kaduskar stated.
With limited buses available, passengers are struggling with overcrowding and increased waiting times. Many are urging NMMT to expedite repairs and improve fleet maintenance to restore normalcy to public transport in the region.
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On April 7, NMMC Will Host Lokshahi Din, And Citizens Are Encouraged To Submit Grievances

The Navi Mumbai Municipal Corporation (NMMC) will conduct its monthly Lokshahi Din (Democracy Day) on April 7, 2025, in line with Maharashtra government directives. The initiative allows citizens to present grievances directly to the administration for resolution.
Residents wishing to submit complaints must apply in the prescribed format in two copies by March 2, 2025, addressing their applications to the Commissioner of NMMC with “Application for Lokshahi Din” clearly marked on the front.
According to an NMMC official, only personal grievances related to a single department and a single issue will be considered. Applicants must have already approached the relevant department or authority before applying. Matters under judicial consideration, revenue or appeal-related issues, service concerns, and establishment-related complaints will not be entertained.
Applications that fail to follow the required format or lack supporting documents will be rejected. Additionally, grievances that are not personal in nature or have already received a final response will not be considered.
The prescribed application format is available free of charge at the Public Relations Department, 3rd Floor, NMMC New Headquarters, Sector 15A, near Kille Gaonthan, CBD Belapur.
Lokshahi Din serves as a crucial platform for direct citizen engagement with the administration, ensuring transparency and accountability in governance. Residents are encouraged to submit their grievances promptly to take advantage of this opportunity.
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