In televised remarks after Finance Minister Nirmala Sitharaman presented the budget, Modi said it has many provisions for the agriculture sector, including for making loans easier for farmers.
Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.
Modi also asserted that if democracy is most strong, vibrant and lively anywhere in the world, it is in India.
The defence ministry on Thursday sealed a contract to procure 118 main battle tanks Arjun for the Indian Army at a cost of Rs 7,523 crore, in a major move to boost its combat capabilities.
Finance Minister Nirmala Sitharaman on Thursday said the government is close to reaching saturation in implementing social sector schemes designed to provide basic necessities to the poor. Addressing the students of Hindu College on the occasion of its 125th anniversary, she said the time has come for India to become economically 'aatmanirbhar' (self-reliant) and march forward to becoming a developed nation by 2047. Regretting that 60 years since Independence passed without any sense of urgency, Sitharaman said, "We have laid the material foundation for a Viksit Bharat" and empowering people by providing basic necessities to all.
The approved proposals included "procurement of night sight (image intensifier), light vehicles GS 4X4, air defence fire control radar (light) and GSAT-7B satellite," it mentioned.
One hopes, though one is not optimistic, that this action to some extent corrects the lunacy which has infected our national media and has damaged our nation, notes Aakar Patel.
The start of a 'jan andolan' (mass movement) campaign comes in view of upcoming festivals, winter season and opening up of the economy, as a lack of adherence to recommended precautions can increase cases of the infection. Modi said India's coronavirus fight is people-driven and gets great strength from its COVID warriors. He also urged the masses to unite to fight the virus.
Netaji Subhas Chandra Bose had formed this government and taken oath as prime minister on October 21, 1943."
National Security Advisor Ajit Doval, Chief of Defence Staff General Bipin Rawat, Chief of Army Staff General Manoj Mukund Naravane, Chief of Naval Staff Admiral Karambir Singh, Chief of Air Staff Air Chief Marshal Rakesh Kumar Singh Bhadauria, along with all the Commander-in-Chief rank officials from the three services will be attending the conference.
The government on Wednesday approved a Rs 12,195 crore production-linked incentive (PLI) scheme for telecom gear manufacturing in India, a move that will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs. The PLI scheme for telecom gear manufacturing will be operational from April 1, 2021.
"We have long witnessed unfortunate attempts to employ force to change the status quo at our unresolved borders", Singh said at the inaugural ceremony of Aero India-2021, the country's premier Defence and aerospace show, at Yelahanka Air Force Station in Bengaluru.
It is time the political leaderships in this country arrived at a common ground over issues of foreign and security policy concerns. There has to be a greater communication between the government and the Opposition leaderships for the nation to present a unified face against the rest of the world, advises N Sathiya Moorthy.
Singh said the warship's commissioning will boost India's maritime power.
SBI was the top loser in the Sensex pack, shedding around 3 per cent, followed by Kotak Bank, IndusInd Bank, NTPC, ICICI Bank, Axis Bank and HDFC Bank. On the other hand, HUL, ITC, L&T, Bajaj Finserv and Tech Mahindra ended with gains.
Amazon on Tuesday said it will begin manufacturing Amazon devices, including Fire TV sticks, in Chennai later this year in partnership with Foxconn's subsidiary, Cloud Network Technology.
The government will seek Parliament's approval for Rs 37,000-crore additional spending on infrastructure development in the second batch of supplementary demands for grant. Earlier this month, Finance Minister Nirmala Sitharaman had announced additional budget of Rs 25,000 crore as capital expenditure (capex) on roads, defence, water supply, urban development and domestically produced capital equipment. Besides, the central government approved issuance of a special interest-free 50-year loan to states of Rs 12,000 crore for infrastructure development.
Mahindra's LSV is an extremely agile combat vehicle with all round protection against small arms fire.
BJP general secretary Arun Singh said that during the course of the meet, discussions will be held on farm laws, Aatmanirbhar Bharat and upcoming state polls.
Stating that India's economic stimulus was not adequate, Banerjee said, the measures did not increase consumption spending of lower income people as the government was not willing to put money in the hands of the low income population.
The inauguration new parliament building will take place in two phases.
In his monthly Mann Ki Baat radio broadcast, Modi hailed the potential of India and said the basis of its strength is the country's farmers, artisans, weavers, engineers, small entrepreneurs, the MSME sector and people from many different professions."
Congress's chief spokesperson Randeep Surjewala also said all Indians should ask the government this Independence Day what it was doing to protect the country and push China back.
A total of 22.05 crore applications were received during the period.
The 75th Republic Day celebrations at Kartavya Path on Friday showcased India's rich cultural diversity, military prowess, and 'Nari Shakti'.
Prominent in the DRDO's display are several artillery guns, armoured vehicles and tanks that underline a measure of success in developing these key weapons platforms for the army. Here are three systems that are headed for success.
The VL-SRSAM, which DRDO developed for the Indian Navy, was fired from a warship at a high-speed aerial target mimicking incoming enemy aircraft.
The proposed auction has business-friendly terms and conditions, including reduced upfront amount, adjustment of upfront amount against royalty and liberal efficiency parameters to encourage flexibility to operationalise the coal mines. Besides, 100 per cent FDI through automatic route has been allowed.
Investments through participatory notes (P-notes) in the Indian capital market surged to Rs 78,686 crore at October-end, making it the highest level in 14 months, on enhanced global liquidity and measures taken by the government back home. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
Addressing Bharatiya Janata Party MPs at an event to mark the 53rd death anniversary of Deendayal Upadhyay, a party ideologue who had founded its progenitor Jana Sangh, Modi said the saffron party always puts "rashtraneeti" above "rajneeti" and gives respect to even its political rivals.
According to sources, several opposition leaders are also considering boycotting the inaugural function on Sunday, alleging that the government has insulted the President.
The Indian economy requires a Rs 3 lakh crore fiscal stimulus, including cash transfer to households through Jan Dhan accounts to spur economic growth amid the pandemic, industry chamber CII said on Thursday and pitched for appointment of a 'Vaccine Czar' for speedy vaccination coverage. CII president T V Narendran also said the chamber expects GDP to grow at 9.5 per cent in 2021-22 as the strong growth in the second half of the fiscal year will be supported by robust external demand and large-scale coverage of vaccination, allowing resumption of economic activity. He also advocated for appointment of a "Vaccine Czar" for speedy vaccination coverage.
Airbus Helicopters will partner with the Tata Group to establish a final assembly line for helicopters in the country, a development that will help in boosting indigenous manufacturing activities. This will be the second final assembly line that will be built by Airbus in India after the 'Make in India' C295 military aircraft manufacturing facility in Gujarat. The Final Assembly Line (FAL) will produce Airbus H125 helicopters from its civil range for India and for exporting to some of the neighbouring countries, Airbus Helicopter said in a statement.
In a display of India's military might, the Rafale fighter jets took part in the Republic Day flypast for the first time as the armed forces showcased its T-90 tanks, the Samvijay electronic warfare system and Sukhoi-30 MKI fighter jets on the Rajpath on Tuesday. Depicting the nation's rich cultural heritage and economic progress, 17 tableaux from states and union territories and nine from different Union ministries and paramilitary forces took part in the 72nd Republic day parade.
Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said. Rapid vaccination and teeming festivities will push India's ongoing recovery resulting in narrowing of demand-supply mismatches and greater employment opportunities, as per the monthly Economic Review prepared by the ministry.
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) next week to review performance of the lenders and progress made by them to support the economy battered by the COVID-19 pandemic. Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy, sources said. According to sources, the two-day meeting would commence on November 17 and undertake a comprehensive review of various segments, progress in government schemes including Aatmanirbhar Bharat Abhiyan.
Pujaris from the Sringeri Math Karnataka did the rituals for the 'bhoomi pujan' at the new Parliament building site.
'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
Banning the import of platforms that are already being built in India serves little purpose.
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