Attorney General K K Venugopal told a bench headed by Justice Bobde that the Constitution (103 amendment) Act, 2019 granting 10 per cent reservation to EWS is intended to uplift around 200 million people who are still below the poverty line.
The government should provide home loan up to 25 lakh at a lower interest rate of 5 per cent to the people of the middle class, a prominent realtors' body appealed to the government against the backdrop of soaring home prices. G Hari Babu, president of the National Real Estate Development Council (Naredco), in an online interaction with Business Standard, said that the middle class in India accounts for roughly 30 per cent of the total population and is dependent on rental accommodation.
Kharge's remarks came after Modi on Friday said the Congress stands "badly exposed" in front of people for promising to them what the party knows it will never be able to deliver.
The Centre's decision to grant 10 per cent quota for the EWS category in admissions and jobs violates the basic structure of the Constitution on multiple counts including that it breaches the 50 per cent cap on reservation, the Supreme Court was told on Tuesday.
President of the Karnataka Pradesh Congress Committee DK Shivakumar termed the step "unconstitutional"
Mortgage finance remains a structural growth opportunity in India with a policy focus on affordable housing, housing shortages, low mortgage penetration, and rising incomes as drivers. Affordable Housing Finance Companies (AHFCs) serve the mass market, low-income segments, which is the least-serviced category, and to operate in this segment, the mortgage provider needs good assessment skills. AHFCs and HFCs have also been increasing exposure in other mortgage segments (loan against property, developer loans among others).
"My family and I continue to spend the night in the open. Some locals are providing us with food and water, etc.," Hassan said on Friday, a day after he refused an offer by the Delhi Development Authority (DDA) to move him and his family to an EWS flat in Narela.
'Upper castes who complain against reservations are fighting only for their own castes.'
Leader of the Opposition in the Lok Sabha Rahul Gandhi asserted that the Congress will protect the Constitution and the reservation system at all costs and foil "conspiracies" of the Bharatiya Janata Party.
"The re-revised score cards are live now," a senior NTA official said.
Tamil Nadu's ruling Dravida Munnetra Kazhagam on Monday sought a review of the November 7 verdict of the Supreme Court which upheld 10 per cent reservation for the economically weaker sections (EWS) in educational institutions and government jobs that excluded the poor among the SC/ST/OBC categories, contending that it "legitimises discrimination".
Bharat Electronics (BEL) reported excellent results for the January-March quarter (Q4) of FY24, which were driven by decent EBITDA margins and higher PAT as well as good revenue growth. Order inflows were also good. BEL is a major beneficiary of the policy of defence indigenisation.
"On Friday night, four government officers, including an SDM, came and offered me a house in Dilshad Garden but I refused to accept it as they wanted me to shift on a temporary basis," Hassan said.
A total of 11.45 lakh candidates out of 20.38 lakh have qualified the examination, up by 48 per cent from last year.
Polling for the municipal elections in Delhi will be held on December 4 and votes will be counted on December 7.
The BJP cannot afford to alienate the OBCs, who have explicitly voiced their opposition to the Maratha quota.
Housing finance company (HFC) PNB Housing is planning to focus on reducing delinquencies in 2023-24.
Dealing with the validity of OBC quota, the bench said, "Merit cannot be reduced to narrow definitions of performance in an open competitive examination which only provides formal equality of opportunity. Competitive examinations assess basic current competency to allocate educational resources but are not reflective of excellence, capabilities and potential of an individual which are also shaped by lived experiences, subsequent training and individual character."
EWS flats have been constructed by the New Delhi Municipal Council and are located in the Bakkarwala area near Tikri border.
The sharp rally in the broader markets has propelled India's market capitalisation (m-cap) to a new high. The combined m-cap of all BSE-listed firms rose to Rs 291.9 trillion in intraday trade on Thursday before settling lower at Rs 290.9 trillion. The previous record was on December 14, 2022, at Rs 291.3 trillion.
'Over the last 65 years the state has seen majority of Maratha chief ministers and cabinet ministers, even Union cabinet ministers.' 'The Marathas have always wielded disproportionately significant political, commercial and social influence in the state and yet they are asking for reservations today.'
The defence ministry said the proposals approved by the DAC included one on procurement of 7.62x51 mm light machine gun and another on acquisition of weapons MH-60R helicopters of the Indian Navy.
Reservation should not continue for an indefinite period so as to become a "vested interest" and the vision of the framers of the Constitution that there should be a "time span" for such quotas has not been achieved, the Supreme Court said on Monday in its majority judgment while upholding the EWS quota.
A bill will be brought in the assembly during the ongoing session, possibly this week according to sources in the cabinet.
The incursions, according to Taiwan, were made by aircraft, including 12 J-11, 6 J-10, 18 J-16, six SU-30, CH-4, WZ-7, Y-8 EW, Y-8 ESW and KJ-500.
Following is India's schedule at the Asian Games in Hangzhou on Wednesday, October 4.
While addressing a Veerashaiva-Lingayat meeting in Shivamogga, Eshwarappa said, "We do not want even a single Muslim vote here. Nationalist Muslims will, however, vote for the BJP."
Right to apprenticeship, legal guarantee for MSP, passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, a nation-wide caste census and scrapping of Agnipath scheme are among the promises made by the Congress in its Lok Sabha polls manifesto released on Friday.
The last date to fill the online application for a CPL course at IGRUA is April 23, 2023.
The Supreme Court on Tuesday asked the Bihar government to put in the public domain the break-up of the caste survey data to enable those aggrieved to challenge the findings.
Morgan Stanley on Thursday became the latest brokerage to question the valuations of Indian equities and downgraded them from 'overweight' (OW) to 'equalweight' (EW) and recommended taking some money off the table. "We move tactically EW on India equities after strong relative gains - we expect a structural multi-year earnings recovery, but at 24 times forward price-to-earnings (P/E) we look for some consolidation ahead of US Fed tapering, an RBI hike in February and higher energy costs," Morgan Stanley equity strategists, led by Daniel Blake and Jonathan Garner, said in a note on Asia Pacific markets. The brokerage has upgraded Indonesia to OW, while maintaining an EW stance on China and UW on Taiwan.
A bench of Justices Manmohan and Sanjeev Narula said private unaided schools 'shall be entitled to claim reimbursement of reasonable cost for procurement of the equipment and internet package from the State under the Right to Education (RTE) Act, 2009, even though the State is not providing the same to its students'.
According to the Pentagon report, the PLA is creating options for dissuading, deterring, and defeating external intervention in the Indo-Pacific region.
'This is going to generate a new debate on reservation because the quota for Economically Weaker Sections is 10%, and that is for nearly 16% of the population.' 'For 16% you are giving 10%. This is set to raise eyebrows among the OBCs after the caste survey.'
'People understand Hitlershahi, tanashahi and now Modishahi.'
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
Indian equity markets have a limited upside potential in the near-term as they negotiate the ensuing cyclical slowdown, wrote analysts at Nomura in a recent coauthored report led by Saion Mukherjee, their managing director and head of equity research for India. He, however, believes that the foundations are in place for sustainable growth over the medium-to-long term, and hence suggests a 'buy on dips' strategy to equity investors. As an investment strategy, Nomura prefers domestic-oriented sectors and companies over exporters, and prefers stocks that provide valuation comfort. Industrials and banks are their overweight sectors, while IT services and consumer discretionary are their underweight sectors.
Prashant A Bhonsle lists 5 major points you need to keep in mind before applying for a student loan.
A bench of Justices KM Joseph and BV Nagarathna said from the records tabled before the court it appears that the Karnataka government's decision is based on "absolutely fallacious assumption".
The charges of "procedural lapses indicating corruption in land related matters" against the deputy secretary were from his tenure as Narela SDM, they said.
