Left Menu
Development News Edition

It's Pra-Sad index: Cong on Prasad's box office collection logic for judging economic health

PTI | New Delhi | Updated: 12-10-2019 22:43 IST | Created: 12-10-2019 22:40 IST
It's Pra-Sad index: Cong on Prasad's box office collection logic for judging economic health
Ramesh's remarks came in response to Prasad's remarks, who cited box office collections of three Bollywood films released on October 2 to claim that the economy is sound. Image Credit: Twitter(@Jairam_Ramesh)

Senior Congress leader Jairam Ramesh on Saturday took a dig at Union minister Ravi Shankar Prasad for linking the Indian economy's health with box office collection of three Bollywood films and said even China measures its economy on parameters like power, credit, and freight. Ramesh's remarks came in response to Prasad's remarks, who cited box office collections of three Bollywood films released on October 2 to claim that the economy is sound.

"Li Keqiang, China's PM inspired the Keqiang index to measure the health of the economy with the indicators: rail freight, power consumption & bank credit. For our very own IT Minister @rsprasad daily film trade turnover is better. Pra-sad index indeed," Ramesh tweeted. Meanwhile, CPI(M) general secretary Sitaram Yechury also reacted to Prasad's remarks, saying the BJP government lets no opportunity slip to mock at the misery of the people.

"This BJP govt lets no opportunity slip to mock at the misery of the people. First, they create an economic crisis by mismanaging things, then instead of taking remedial measures, continue to be in denial. "Lakhs of workers have lost jobs in just the auto and textile sectors. Investment and Savings levels are at an abysmal low, Unemployment is at its highest in five decades and even biscuit sales are down. No amount of denials, tamashas and fudging of data can hide this truth," Yechury tweeted.

Prasad, who was speaking in Mumbai, said he was told that on October 2, which is observed as one of the national holidays, three Hindi movies garnered Rs 120 crore business on that day. Unless the economy is sound in the country how can three movies collect so much business in a single day, he asked.

Prasad's comments drew sharp reactions on social media.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Videos

Latest News

Trump picks Barrett as he moves to tilt U.S. Supreme Court rightward

President Donald Trump on Saturday nominated Amy Coney Barrett to the Supreme Court, and she pledged to become a justice in the mold of the late staunch conservative Antonin Scalia, setting another milestone in Trumps rightward shift of the...

Trump caps judiciary remake with choice of Barrett for court

President Donald Trump has nominated Judge Amy Coney Barrett to the Supreme Court, capping a dramatic reshaping of the federal judiciary that will resonate for a generation and that he hopes will provide a needed boost to his reelection eff...

NHL-Perry's double OT winner keeps Stars Cup hopes alive

Corey Perry scored the double-overtime winner as the Dallas Stars beat the Tampa Bay Lightning 3-2 on Saturday to keep their National Hockey League Stanley Cup hopes alive and send the best-of-seven final to a Game Six. Trailing the series ...

Bengal transport company invites bids to develop modern passenger facilities

The South Bengal State Transport Corporation SBSTC has invited bids to set up four modern facilities for passengers travelling by its buses, an official said. The state-run transport company, which runs long- distance buses on several route...

Give Feedback