UNION GOVT
Budget 2024: Will govt retain focus on LPG subsidy to keep the cooker burning in rural India?
Union Budget 2024: The Modi-led government is likely to allocate Rs 9,000 crore for the LPG subsidy to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in the upcoming Budget, according to a report by ET Now citing sources. This move continues the government's focus on providing subsidies under the Ujjwala Yojana scheme, primarily benefiting women.
Budget 2024 may see Modi govt hiking rural housing subsidy by 50% following Lok Sabha disappointment
India plans a substantial increase in rural housing subsidies in the upcoming federal budget, potentially exceeding $6.5 billion, up by 50% from the previous year. This initiative aims to address rural economic distress and boost infrastructure spending including village roads and job programs, amid challenges in the agriculture sector and recent electoral setbacks for Prime Minister Narendra Modi's party.
Union Minister writes to UP CM over rejection of OBC, SC/ST candidates for govt posts
Anupriya Patel urged the Uttar Pradesh Chief Minister to address the rejection of OBC and SC/ST candidates for government posts, emphasizing the importance of fair recruitment processes and filling reserved positions with deserving candidates from marginalized communities.
Delhi rain chaos: Union environment minister blames plastic waste, slams local govt's inaction
Union Environment Minister Bhupender Yadav blamed waterlogging in Delhi on clogged drains due to plastic waste after heavy rains. He criticized the Delhi government for inaction despite warnings, citing record rainfall of 228.1 mm in 24 hours. Residents faced familiar scenes of chaos, highlighting the city's drainage issues.
Income tax relief: Budget 2024 may increase standard deduction under new income tax regime
Will Budget 2024 increase standard deduction: The Finance Minister in the 2023 Budget included a standard deduction of Rs 50,000 for salaried taxpayers and individuals getting pensions in the new tax regime. This standard deduction was made the automatic choice, unless taxpayers chose not to take it.
Govt’s infrastructure focus makes sector funds a compelling choice
With the National Democratic Alliance (NDA) returning to administration for a third consecutive term and the 2024 Union Budget round the corner, analysts expect the government to retain focus on the infra sector with a sustained budgetary allocation.
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Budget Preview: Govt could use part of RBI dividend to reduce fiscal deficit, says Motilal Oswal
A transfer of Rs 2.11 lakh crore by the RBI implies excess receipts of about Rs 1.5 lakh crore in FY25, the MOFSL note said. MOFSL sees the new government largely retaining its tax and non-debt capital receipt (including disinvestment) projections as presented during the interim Budget in February.
Central govt employees seek rationalised income tax slabs and old pension scheme from Budget
Central government employees are advocating for key reforms in the Union Budget 2024-25. Their demands include rationalization of income tax slabs, the restoration of the old pension scheme, the establishment of the eighth central pay commission, improved home loan recovery terms, enhanced medical facilities, and income tax exemptions for pensioners.
Govt needs to adopt granular approach to support biz, promote jobs: PwC Chairman
PwC in India Chairperson Sanjeev Krishan emphasizes the need for a granular and tailored approach to support small businesses, promote job creation, and ensure inclusive economic growth in Modi 3.0 government's agenda.
Two options for budget: Split session or single parliament sitting? When will govt present the Budget?
There’s a discussion on whether to have a single budget session or to split it into two. The government will take a decision in the next few days, though it may be inclined towards a session divided by a recess — with the motion of thanks in the first part, and the budget presented in the latter.
Malayalam star Suresh Gopi scoffs at rumours of resigning from Modi's govt, lambasts media for 'grossly incorrect' reports
In a Facebook post, Gopi said that it is a matter of pride for him to be in the Council of Ministers of the Modi government and to represent the people of Kerala.
Have been offered ministerial berth as Punjab's progress is NDA govt's 'priority': Ravneet Bittu
BJP leader Ravneet Singh Bittu, despite losing in the Lok Sabha polls, has been chosen by PM-designate Narendra Modi to join his council of ministers. Punjab's progress is a key focus for the BJP-led NDA government.
Modi meets likely ministers in his new govt over tea
On Sunday evening, alongside Prime Minister-designate Narendra Modi, new faces like Manohar Lal Khattar, Shivraj Singh Chouhan, Bandi Sanjay Kumar, and Ravneet Singh Bittu may join the Union Council of Ministers. Amit Shah, Rajnath Singh, Nitin Gadkari, and others are anticipated to remain part of the government. Speculations abound about potential inclusions from Shiv Sena, including Prataprao Jadhav, and BJP, like C R Paatil and Jyotiraditya Scindia
Former Bihar CM Jitan Ram Manjhi expresses confidence in stability of BJP-led NDA govt
In an interview with ANI, the former CM of Bihar said, "One who treads on the difficult path has a speciality to reach his destination, not the one who treads on an easier path. This scenario matches exactly with the third term of Narendra Modi Ji. Initially, it was Prime Minister Jawahar Lal Nehru, who reigned for the third consecutive term as Prime Minister. After 62 years, this day has come again for Prime Minister Narendra Modi and he will complete his full term."
Budget to indicate policy priorities of coalition govt, says Moody's
Moody's Analytics highlighted that the upcoming Union Budget will set policy priorities for the coalition government, shaping the next five years' growth trajectory.
Minister resigns after illegal money transfer allegations
The ruling Congress gave up on him as the BJP sought to amplify it as a major scam under CMSiddaramaiah's watch. The government has formed a special investigation team to probe it, while the CBI has already taken up the matter on a complaint from Union Bank of India.
Karnataka’s tribal welfare minister quits after govt funds find way to bank accounts in Hyderabad
Karnataka's Tribal Welfare Minister B Nagendra resigned over a scandal involving the illegal transfer of Rs 89.63 crore of government funds to unknown individuals in Hyderabad. The BJP intensified its campaign for his resignation, alleging a major scam under Chief Minister Siddaramaiah's watch. The ruling Congress withdrew support as an investigation team was formed to probe the matter. The CBI has taken up the case, and the BJP demanded the CM's resignation, alleging his knowledge of the illegal funds transfer.
Madras HC stops Centre from banning 'ferocious and dangerous' dog breeds
The Madras High Court has intervened in the Union government's plan to classify certain dog breeds as 'ferocious and dangerous,' potentially preventing a nationwide ban. While allowing the government to gather feedback, Justice Anita Sumanth's interim order halts the process criticized for lacking empirical evidence. The breeds in question include pitbull terrier, tosa inu, and others. The court adjourned the hearing until June 14.
Vote to elect strong Govt to ensure internal security, maintain pace of development: Amit Shah
Shah's appeal comes through his 'X' handle as polling commenced for the seventh and final phase of Lok Sabha elections at 7 am on Saturday in 57 constituencies across seven states and one Union Territory (UT).
Govt starts granting citizenship under CAA in West Bengal, Haryana, Uttarakhand
The first set of citizenship certificates after the notification of the Citizenship (Amendment) Rules, 2024, granted by the Empowered Committee, Delhi, were handed over to the applicants in New Delhi by the Union Home Secretary on May 15.
PM Modi-led govt reshaped Budget in last 10 years: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman highlighted that over the past decade, the Modi government has transformed the Union budget from a simple expenditure record into a strategic roadmap for equitable distribution. The minister emphasized the government's commitment to optimizing the utilization of taxpayers' money by ensuring it is allocated for the most effective purposes.
Govt saying aye to laying strong AI foundation
The government may rope in higher education institutes, key researchers for the model that can be customised for wide range of applications. It will be trained on publicly available data, digitised records of books, journals and research papers from public libraries.
Centre may get around ₹1 lakh crore in RBI dividend
Last week, the RBI announced a steep cut in the government's borrowing through Treasury Bills, reducing the amount of funds that the Centre would have garnered through these short-term instruments by ₹60,000 crore.
Ladakh at receiving end of worst of Modi govt's 'Anyay Kaal' : Jairam Ramesh
The Congress accuses the Modi government of neglecting Ladakh, alleging mistreatment and lack of representation. Jairam Ramesh highlights ongoing protests over land and water rights, criticizing the government's silence and downgrading Ladakh to a Union Territory without a legislature. He warns against corporate exploitation of Ladakh's resources, blaming the government for security compromises with China.
5 stocks where the President reduced holdings in March. Do you own any?
As per the latest data by Trendlyne, the President of India, Droupadi Murmu, publicly holds 78 stocks with a net worth of over Rs. 4,400,890.5 crore. Here are the stocks wherein the Indian government reduced most stake in March 2024:
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