China on Tuesday retaliated US President Donald Trump's imposition of 2nd round of ten per cent tariffs on its export by slapping an additional 15 per cent tariffs on American goods and initiated legal action against Washington in WTO while leaving the door open for talks to address each other's concerns.
The government said on Thursday it will bring a legislation next month to increase foreign direct investment in insurance sector to 49 per cent from 26 per cent at present.
Samajwadi Party MLA Abu Asim Azmi's remarks praising Mughal emperor Aurangzeb sparked outrage in the Maharashtra legislature, leading to calls for his suspension and accusations of treason. The issue, which was politicized by both the ruling coalition and opposition parties, led to the adjournment of both Houses of the state legislature. Azmi later retracted his statements, saying they were twisted and that he had not made any derogatory remarks against Shivaji Maharaj or Sambhaji Maharaj. The BJP, however, seized the opportunity to slam the Congress and other opposition parties, accusing them of trying to "eradicate" Sanatan Dharma. The Mumbai police have initiated a probe into the matter, registering a case against Azmi for his remarks.
Prime Minister Narendra Modi on Friday said Finance Minister Nirmala Sitharaman had to give four-five mini-budgets in the form of packages in 2020 and expressed confidence that the upcoming Budget would also be seen as part of that series. In his remarks to the media before the commencement of Parliament's Budget Session, Modi said the first session of this decade commences on Friday and emphasised that this decade is very important for the bright future of India.
RS member Derek O'Brien said due to the polls, MPs of his party would not be able to attend the Parliament session.
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
The govt and the opposition appeared set for a showdown in Parliament's monsoon session.
The JCP was constituted in the Lok Sabha in December 2019 and was expected to submit its report in the Budget Session.
The row over the appointment of Bharatiya Janata Party leader and seven-term member Bhartruhari Mahtab as the pro-tem speaker is likely to cast a shadow over the session.
Gold prices hit a fresh record high of Rs 84,900 per 10 grams in the national capital on Friday, driven by robust domestic demand and strong global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity continued its ascent for the third straight session, jumping by Rs 1,100 to hit a new peak of Rs 84,900 per 10 grams.
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Over the past month, its 12 per cent gain has trebled the benchmark's return.
All opposition members of the parliamentary panel on the Waqf Amendment Bill were suspended for a day on Friday amid continuous protests and accusations against Chairman Jagdambika Pal of steam-rolling through the proceedings.
Alternatively, the government may go in for a five-day session to blunt criticism that it was running away from debates.
President Droupadi Murmu addressed both Houses of Parliament, highlighting the government's achievements in various sectors, including economic growth, social welfare, and infrastructure development. She emphasized the government's efforts to lift the economy out of "policy paralysis" and create a more inclusive society. Murmu also acknowledged the challenges posed by digital fraud and cybercrime and stressed the need for a social infrastructure revolution. The President's speech is considered a policy statement, outlining the government's vision and roadmap for the future.
The DMK protested in the Lok Sabha after Union Education Minister Dharmendra Pradhan criticized the Tamil Nadu government for refusing to implement the National Education Policy (NEP) and accused them of "politics." Pradhan alleged that the state had initially agreed to the PM SHRI scheme but later backed out. The DMK, however, asserted that they have issues with the NEP and the three-language formula, and cannot accept it in full. The protests disrupted House proceedings, leading to an adjournment. The DMK members were angered by Pradhan's accusations, demanding the release of funds allocated for education in the state.
The BJP accused Congress leaders of colluding with foreign forces to destabilize India and demanded Sonia Gandhi to disclose her role in a George Soros Foundation-funded organization's activities. The ruling party also attacked Rahul Gandhi, calling him a "pawn" for his protests against the Adani issue.
The parliamentary committee scrutinising the Waqf bill is set to propose that existing 'Waqf by user' properties will remain so if not in dispute or are government facilities but they must be registered before the new law takes effect, providing little relief to Waqf bodies in their unverified title claims.
China, which is the second highest spender on defence after the United States, has allocated 1.67 trillion yuan (about USD 232 billion) for defence spending.
Though there was no official word on the nature of the business on the last day of the last session before the Lok Sabha polls, some party leaders said there is a possibility that it may touch the construction of the Ram temple in Ayodhya.
From bhikshus of Ashokan 3rd century BC and medieval Sufis to Oxfam, Omidyar and Soros now, non-State actors have any real power only when they work in conjunction with a real State, asserts Shekhar Gupta.
'I had to persuade him. I think he was a sceptic to begin with, but later on he was convinced that what we were doing was the right thing to do, that there was no other way out.'
The first two days of the session will be devoted to swearing-in of the newly elected MPs while the Lok Sabha speaker will be elected on June 19.
The government had aimed at completing the new Parliament building before the winter session which usually starts from the third week of November.
He said that the two nations will have issues in the foreseeable future. However, there are ways of addressing those issues and what happened in 2020 was not the way to address those issues.
"There is enough time, and required mandatory time for the circulation of agenda will be followed", the Parliamentary Affairs Minister said.
The state anthem was played on the last day of the budget session and BJP MLA Jibesh Kumar Mishra was seen remaining seated through it.
Hectic preparations are underway for the session with several first-time measures because of the COVID-19 pandemic such as testing of all MPs, staggered sitting of Lok Sabha and Rajya Sabha and use of both chambers and galleries to accommodate members while following physical distancing norms, officials said.
The Rajya Sabha is slated for a 12-hour discussion on the Motion of Thanks to the President's address to the joint session of the two Houses of Parliament, which also includes the reply by the prime minister, which is likely next Tuesday.
The government on Friday ruled out convening a special session of Parliament to discuss stricter punishment for sexual offences saying the issue would be taken up after receipt of the Justice Verma Committee report.
Parliamentary proceedings were disrupted for the third consecutive day in the Winter Session as opposition parties continued their protests over the Adani issue and violence in Manipur and Sambhal. Both the Lok Sabha and the Rajya Sabha were adjourned within minutes of convening, despite appeals from the Chair to engage in productive dialogue and refrain from disruption. The opposition members raised slogans demanding action against the perpetrators of violence in Sambhal, and sought discussions on allegations of irregularities against the Adani Group and the violence in Manipur.
The Karnataka High Court has quashed the Enforcement Directorate's summons to Chief Minister Siddaramaiah's wife Parvathi B M and Urban Development Minister B S Suresh in connection with the MUDA site allotment case. The court ruled that the ED was conducting a parallel investigation despite the case already being probed by the Lokayukta police and a Special Investigation Team (SIT). The ED had alleged that Siddaramaiah and other accused were involved in attempted money laundering in the MUDA site allotment case and that the fourteen sites (plots) allotted to Parvathi in Mysuru upmarket were illegally allotted.
The nearly month-long session is likely to have around 20 sittings, sources said.
The meeting held on the eve of the resumption of the Budget session was convened by Rajya Sabha Chairman Hamid Ansari and attended by Prime Minister Manmohan Singh along with senior members from various parties.
'And this will persist given the two-and-a-half-front threat we face.'
A session of both Houses of Parliament will be held from September 18-22 without Question Hour or private members' business, the Lok Sabha and the Rajya Sabha secretariats said on Saturday.
Railway Budget will be presented on July 8.
Presiding officers of both Houses Lok Sabha Speaker Om Birla and Rajya Sabha Chairman M Venkaiah Naidu on Saturday held deliberations on the logistics of organising the session in the wake of the COVID-19 pandemic. The sources said options were being explored so that both Houses could function simultaneously during the session, and not on alternate days as some sections of the media were claiming.
The fast-moving consumer goods (FMCG) sector is likely to report muted results in the fourth quarter of 2024-25 (Q4FY25) due to weakness in urban consumption. The weakness may persist through the first half of 2025-26 (H1FY26).
'Let Fadnavisji prove to the people of Maharashtra that he acts fairly against one and all.'
The upcoming Budget Session of Parliament is set to be stormy with BJP on Monday announcing that it would raise issues like the VVIP chopper deal and Home Minister Sushilkumar Shinde's remarks on saffron terror.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances