GOVERNMENT DECIDES
Cauvery water: Tamil Nadu all-party meet decides to knock on Supreme Court's doors if needed
Legislative party leaders in Tamil Nadu plan to go to the Supreme Court if needed to secure Cauvery water from Karnataka, as per a resolution denouncing Karnataka's water refusal. Another resolution calls for the Cauvery Water Management Authority to ensure Karnataka releases water in line with legal directives.
Assam not to send pre-2014 immigrants to foreigners tribunal
The Assam government has instructed the state police to not forward cases of eligible individuals under the Citizenship Amendment Act 2019 who entered India before 2014 directly to Foreigners Tribunals. Instead, these individuals should apply for citizenship through the Citizenship Amendment Act (CAA), with their applications assessed by the Government of India.
Karnataka govt decides to implement recommendations of 7th Pay Commission
The Karnataka cabinet has approved the implementation of the seventh Pay Commission's recommendations, effective from August 1. The commission, chaired by K Sudhakar Rao, proposed a 27.5% increase in the basic salary of over seven lakh state government employees. This adjustment is anticipated to cost the government an additional Rs 17,440.15 crore annually.
Budget 2024 needs to decide if faceless assessment is revolutionising tax landscape or creating hurdles?
Union Budget 2024 Tax: The eagerly awaited Union Budget 2024 in India brings focus to refining the faceless assessment scheme, crucial for taxpayers and corporates. Despite challenges faced in implementation, such as unwarranted additions and arbitrary disallowances, the scheme aims to streamline tax assessments. Reforms and corrective actions are needed for a more effective and fair tax system, fostering business growth and economic development.
Cauvery Water to TN: Karnataka to hold all party meet on Sunday to decide on next course of action
Chief Minister Siddaramaiah announced the government's plan to appeal against the order to release water to Tamil Nadu. An all-party meeting is scheduled for July 14 to discuss next steps. The Cauvery Water Regulatory Committee's decision has caused protests among farmers in Mandya.
Cabinet will decide on renaming Ramanagara district as Bengaluru South: CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah has announced that the State Cabinet will decide on the proposal to rename the neighbouring Ramanagara district as 'Bengaluru South'. The proposal, which includes Ramanagara, Magadi, Kanakapura, Channapatna, and Harohalli taluks, has gained momentum, with a delegation led by Karnataka Deputy Chief Minister D K Shivakumar meeting Siddaramaiah and submitting a memorandum. The proposal also proposes that Ramanagara town, about 50 kms away, remain as the district's headquarters.
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Ahead of Market: 10 things that will decide D-Street action on Tuesday
Nifty concluded Monday's session on a neutral note, forming a Doji pattern on the daily charts. This indicates hesitation among investors, with neither bulls nor bears gaining a clear advantage. Despite this pause, the short-term trend remains positive.
Telecom tariffs are decided by market dynamics, govt clarifies
Government stated it does not interfere with telecom rates, which are determined by market forces. Tariff changes are monitored by Trai. India offers some of the lowest mobile service costs globally.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Benchmark BSE Sensex breached the historic 80,000 level intraday for the first time while Nifty raced more than 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. Bulls have regained control from bears. This shift in sentiment has once again favored long trades in the market.
IOA EC members decide not to take any allowance for their Paris trip
The Indian Olympic Association (IOA) Executive Council members have decided not to accept a higher dearness allowance than the athletes for the Paris Olympics to avoid a negative impact on their image. They assert financial independence and will make their own travel arrangements, despite being budgeted to receive USD 300 per day. The council met to address public criticism and will discuss the issue further before the Indian contingent's send-off ceremony.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
The Nifty index has broken through the 23,600 resistance level after consolidating for two weeks, setting a new record high. Analysts remain optimistic, with the next target set at 24,000.
SC asks Delhi HC to decide Satyendar Jain's bail plea in ED case on July 9
The Supreme Court urged the Delhi High Court to promptly decide the bail plea of former AAP minister Satyendar Jain in a money laundering case, emphasising that bail matters should not be needlessly adjourned. An observation made by Justices Manoj Misra and SVN Bhatti as they disposed of Jain's plea against a six-week adjournment, with the high court scheduled to hear the case on July 9.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty had slipped lower in early trades, but bulls were able to defend around the 55 EMA on the hourly chart. He indicated that the trend would remain positive for the short term as long as it remained above 23,300, where a buy-on-dips strategy might favor traders.
Intention of Centre to levy GST on petrol, diesel; states will have to decide on rate: FM Nirmala Sitharaman
Sitharaman mentioned the ongoing taxation of petrol and diesel through excise duty and VAT, urging states to collaborate in the GST Council to decide on the tax rate.
Congress to decide on LoP in Lok Sabha: Sharad Pawar
Sharad Pawar commented on the Maha Vikas Aghadi's victory in Maharashtra, attributing it to the unfulfilled promises of PM Modi and contrasting it with the performance of the Mahayuti alliance.
Amid protests, Gujarat govt decides to recruit 7,500 teachers
Gujarat government to recruit 7,500 TAT-cleared teachers in secondary and higher secondary schools to fill vacancies in 3 months following protests.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
Domestic headline indices Nifty 50 and Sensex finished at record closing highs yet again boosted by strong domestic inflows as well as a climb in global equities. For the last few days, Nifty has been moving sideways on an intraday basis, but eventually it has moved up above 23,500. MACD showed bullish trade on the counters of ABB India, Hindustan Aeronautics, Cochin Shipyards, BEML, Godfrey Phillips India, and Cummins India.
Ahead of Market: 10 things that will decide stock action on Tuesday
Indian benchmark equity indices, Sensex and Nifty50, logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nifty range-bound flat closing for the last four days indicates a pause before a sharp move. The direction of this move is not yet known, at least not before any directional breakout. Solar Industries, Titagarh Rail Systems, Carborundum Universal, Paras Defence and Space Technologies showed bullish bias.
Maldives parliamentary committee decides to probe agreements with India despite Muizzu visit
A total of four agreements will be probed. The committee has alleged that these agreements are a threat to the sovereignty and independence of the Maldives, according Maldives based sources.
"Pandian not my successor... people of Odisha will decide on this": Naveen Patnaik
Days after the results of the Odisha assembly polls, state outgoing Chief Minister Naveen Patnaik on Saturday said that Biju Janata Dal (BJD) leader VK Pandian is not his "successor" and pointed out that the people of the state would decide on this.
Ahead of Market: 10 things that will decide D-Street action on Friday
The NSE Nifty 50 index ended 0.89% higher at 22,821 points and the S&P BSE Sensex rose 0.93% to 75,074, adding to their gains of more than 3% on Wednesday.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Benchmark key indices gained over 3% each on Wednesday. The Nifty Bank saw its best percentage gain since February 1, 2021. HDFC Bank, SBI, L&T were among the most active stocks on NSE in value terms. The market breadth favoured bulls with 2,597 stocks ending in the green, while 1,221 names settling with cuts.
INDIA alliance leaders will meet on Wednesday to decide on PM face: Uddhav Thackeray
Shiv Sena president Uddhav Thackeray, buoyed by the Lok Sabha polls, pushes for forming the next government at the Centre.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
D-Street settled at record closing high on Monday, led by financials, index heavyweight Reliance Industries and energy stocks. The volatility indicator ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Momentum indicator Moving Average Convergence Divergence showed bullish trade on the counters of Amines & Plasticizers, Advait Infratech, and AMIC Forging, among others.
Maldives decides to amend laws to ban Israeli passport holders
Maldivian government decides to ban Israeli passport holders from entering the country amid public anger over Gaza attacks.
Odisha Assembly Elections 2024: BJP's CM face to be decided by party's parliamentary committee, says Manmohan Samal
Amid speculation over BJP's chief ministerial candidate in Odisha, party's state chief Manmohan Samal said the parliamentary committee will decide. BJD leaders predicted the announcement on social media. BJD's Sasmit Patra claimed BJP faced internal disputes, while BJP leaders criticized BJD's governance and projects. Union Minister Dharmendra Pradhan highlighted migration issues.
WFI decides to function at 'no cost to government' model if suspension is not lifted
The Wrestling Federation of India (WFI) held a Special General Meeting (SGM) in Noida, where it decided to operate under a 'no cost to the government' model if the Sports Ministry does not lift its suspension. The UWW and IOA had already lifted their suspensions, allowing elected officials to resume control. However, the government's suspension remains.
Kerala Cabinet decides to pursue necessary legal measures against CAA
Amid protests in Kerala, the state cabinet pursues legal measures against the Citizenship Amendment Act. The state government has filed an original suit before the Supreme Court. Additional legal action is being prepared. The Act will not be enforced in Kerala.
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