PM launched Sobhagya scheme and formed a new Economy team

NEWDELHI: Prime Minister Narendra Modi constituted on Monday his first economic advisory council, headed by NITI Aayog member Bibek Debroy, to analyse and advice him on key issues amid concerns over slowing growth and a stagnating job market.

The announcement came on a day the Prime Minister launched an ambitious scheme called “Sobhagya” for providing free electricity to poor households and delivered a strong message against corruption.

“My battle against corruption is uncompromising. And whoever is being caught, will not be spared. I have no relatives,” finance minister Arun Jaitley quoted Modi as saying at the BJP national executive, where the party hailed the government for successfully running the nation’s economy and policies.

At the party meeting, BJP chief Amit Shah took a veiled dig at Congress vice president Rahul Gandhi, who spoke about growing intolerance in India during his visit to the US.

“Tolerance is part of democracy but selective tolerance is not good for democracy,” he said and accused the Congress of pursuing the politics of “dynasty and appeasement”.

India’s economic growth slumped to a three-year low of 5.7% in the April-June quarter

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