The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
India had better be prepared. Munir could be back at our throats soon, even within the next 12 months, warns Shekhar Gupta.
Maharashtra Congress chief Nana Patole on Monday alleged that the agenda of the upcoming special session of Parliament is to separate Mumbai from the state and declare it as a Union territory.
Lok Sabha members Hanuman Beniwal, Malook Nagar and Gurjeet Singh Aujla were at the centre of the scene when a group of MPs managed to overpower two persons who jumped into the House chamber and released yellow gas from canisters.
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.
Opposition parties in India have criticized the imposition of President's rule in strife-torn Manipur, accusing the ruling Bharatiya Janata Party (BJP) of failing to address the ethnic violence and using the measure to cover up internal conflicts within the party. They demanded a clear roadmap for restoring peace and questioned the government's lack of transparency and inaction on the issue. The violence, which erupted in May 2023, has left over 250 people dead.
Shiv Sena (UBT) chief Uddhav Thackeray has slammed the BJP over its stance on the Waqf Amendment Bill, accusing the party of a "fraudulent" approach and of trying to take away land for its industrialist friends. He also dared the BJP to remove the green color from its party flag if it disliked Muslims. Thackeray's comments come after the bill was passed by the Lok Sabha on Thursday.
The Delhi government is embroiled in multiple litigations with the Lieutenant Governor in the Supreme Court including its plea challenging the Centre's law establishing pre-eminence of the LG over the elected dispensation in controlling services in the national capital.
He was a storyteller who made me feel the pulse of history, the stakes of human ambition, and the thrill of a well-told tale. Prem Panicker recalls his debt to Frederick Forsyth, who passed away on Monday.
Bharatiya Janata Party on Thursday issued a three-line whip to all of its Lok Sabha MPs asking them to be present in the House for the passing of the Union Budget 2025-26.
A bench of Chief Justice of India DY Chandrachud and justices PS Narasimha and JB Pardiwala said that a citizen cannot seek a right to stand up in Parliament.
Enforcement Directorate officials said on Friday they are probing a 'complex network' of agents and facilitators in India, Canada and the US who help Indians illegally enter the US via 'bogus' admissions in Canadian colleges.
In 1997, the seven-judge bench ruled that the Centre had the regulatory power over the production of industrial alcohol. The case was referred to the nine-judge bench in 2010.
The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts (CGA) on Friday.
George stated that a girl should be married off by the time she is 22 or 23 and that such decency should be maintained.
In more than one way, it's a setback for the DMK and Chief Minister Stalin in political terms. The electoral fall-out, if any, will have to wait until the next summer, only when assembly elections are due in the state, explains N Sathiya Moorthy.
The Supreme Court of India expressed concern about the "criminalization of politics" and questioned how convicted individuals can return to Parliament. The court sought the assistance of the attorney general on this issue, highlighting the apparent conflict of interest and the need for clarity on the Representation of People Act's provisions. The court also raised concerns about the slow pace of trials against lawmakers, with a significant number of cases pending. The issue has been referred to a larger bench for consideration.
The BRS, the AAP said that they are boycotting the address to protest against the BJP-led NDA government at the Centre.
The opposition leaders also accused the government of violating Constitutional norms by not inviting President Droupadi Murmu to the event.
She also proposed that nine issues, including violence in Manipur and price rise, be listed for discussion during the session.
'Will this near-war, India's strongest military response so far, buy India another seven years of deterrence?' asks Shekhar Gupta.
The Indian government has defended the use of Amritsar as a deportation hub for US flights carrying Indian deportees, despite objections from Punjab Chief Minister Bhagwant Mann. Government sources said Punjab has the highest number of deportees among Indian states, with 126 out of 333 people deported since February 5. The sources added that 23 flights carrying Indian deportees have arrived in the country since May 2020, all landing in Amritsar. The move has sparked controversy, with opposition parties protesting the treatment meted out to the deportees and demanding that the Indian government take up the issue with the US. Mann has accused the Centre of trying to defame Punjab and said a holy city like Amritsar should not be made a "deport centre".
Samajwadi Party leader Akhilesh Yadav has accused the Indian government of hiding the number of deaths in the stampede at the Kumbh Mela in Prayagraj, Uttar Pradesh. Yadav demanded strict action against those involved in covering up the "mis-management" of the event and called for an all-party meeting to discuss the arrangements. He also criticized the government's handling of the stampede, claiming that they used JCB machines and tractor trollies to clear the bodies lying around after the incident.
"One cannot compromise on science. Nehru was persistent about his wish to form a society with a scientific temperament. But what is happening today at the inaugural ceremony of the new Parliament building is exactly the opposite of what Nehru had envisaged," he said.
The Supreme Court on Friday said it would hear after four weeks a plea seeking a direction to the Centre and others to take steps to create an appropriate system which empowers citizens to petition Parliament and seek initiation of deliberations on issues highlighted by them.
'The time has come to have a relook at the Constitution as every document has a shelf life.'
The top court, which on Thursday referred to a constitution bench the Delhi government's plea challenging the ordinance, framed two legal questions in its 10-page order to be dealt by a larger bench on the ordinance which set off a fresh tussle between the two power centres.
'Mamata needs to address the anger and resentment among various sections of the Hindu community because low-scale communal violence has always paid richer electoral dividends for the BJP.'
'Muslims in Bihar under Nitishji's rule are safest than anywhere else.'
Historians and conservation architects describe the old edifice as a "repository of India's history" and its "democratic ethos", and an "architectural jewel" of Delhi.
A bench headed by Chief Justice D Y Chandrachud posted the matter for resumed hearing on April 9.
The meeting was attended by CMs of Kerala, Punjab and Telangana -- Pinarayi Vijayan, Bhagwant Manna and A Revanth Reddy, Karnataka deputy CM DK Shivakumar, and senior BRS leader KT Ramarao among others.
The Supreme Court of India has scheduled a hearing on February 19 for pleas challenging the appointment of the Chief Election Commissioner and Election Commissioners under the 2023 law. The court emphasized the potential consequences if any action is taken before the hearing. The pleas argue that the 2023 law, which excludes the Chief Justice of India from the selection panel, undermines the independence of the Election Commission and allows for undue influence from the executive branch. The court's earlier verdict in March 2023 called for an independent selection panel comprising the Prime Minister, Leader of the Opposition, and the Chief Justice of India to ensure the integrity of the Election Commission. The case highlights concerns about the independence of India's electoral process and the potential for political influence in the appointment of key election officials.
The Supreme Court collegium has initiated an initial inquiry against Delhi High Court judge Justice Yashwant Varma following the alleged discovery of a large stash of cash at his official residence during a fire incident. The collegium has also reportedly recommended Justice Varma's transfer to his parent high court, the Allahabad High Court. The inquiry will involve seeking a report from the Chief Justice of the Delhi High Court on the incident. The controversy surrounding the alleged discovery of cash was first reported by The Times of India. Justice Varma's proposed transfer is subject to the Centre's approval. The amount of cash found is not yet known. Justice Varma, currently heading a division bench dealing with sales tax, GST, company appeals and other appeals, did not hold court on Friday. Delhi High Court Chief Justice D K Upadhyaya expressed shock over the incident. The collegium reportedly received information about the cash discovery from government officials. Some collegium members have called for stricter action against Justice Varma, including seeking his resignation or launching an in-house inquiry. The Supreme Court has an in-house inquiry mechanism to deal with allegations against judges, which involves forming a committee to investigate and, based on the report, take further action. A judge of a constitutional court can only be removed through impeachment by Parliament.
The strong statement from Union Home Minister Amit Shah's office came after former Jammu and Kashmir chief minister Omar Abdullah asked bureaucrats in the Union Territory to resist any pressure to "further disempower" the incoming elected government.
Holding placards and banners that read "INDIA for Manipur" and "INDIA demands PM's statement on Manipur", the opposition parties raised slogans against the government in front of Mahatma Gandhi's statue in Parliament complex.
A parliamentary panel has criticized the Indian government for withholding funds from states that have not agreed to implement the PM SHRI schools scheme, calling the reasoning behind the decision "not factual or justified." The panel has recommended the immediate release of pending funds to states like Kerala, Tamil Nadu, and West Bengal, which have been significantly impacted by the delays.
During the hearing, petitioner Upadhyay submitted that while individuals cannot seek vote in the name of religion or caste, political parties can be formed using religious connotations which cannot be permitted.
It will be court's opinion versus the legislative power to enact law, the Supreme Court on Wednesday said as it posted the pleas challenging the appointment of the chief election commissioner and election commissioners under the 2023 law on February 4.
A special website has also been created to mark the year-long celebrations, Union Culture Secretary Arunish Chawla told reporters during a briefing at the National Media Centre in New Delhi.
