Meeting a long-pending demand of over a crore defence veterans and 12 lakh serving jawans, the government on Monday substantially increased the pension of ex-servicemen.
The right policy response to global price increases is not straightforward. The draft report is wide-ranging in its scope, and it attempts to provide a coherent, integrated view of financial sector reforms that would equip India's financial sector to support growth, widen financial access and maintain stability over the next decades. The report is being released for public discussion at a critical juncture in both the domestic and global economy.
In the Interim Budget, Finance Minister Nirmala Sitharaman announced that a high power committee would be set up to consider the challenges arising from 'fast population grown and demographic changes.' 'But who wants data? It pays to feed people's fears, insecurities and apprehensions. If such fears don't exist, they must be created,' her husband Parakala Prabhakar says in this fascinating excerpt from his book, The Crooked Timber of New India: Essays on a Republic in Crisis.
Trinamool Congress leader Mahua Moitra's expulsion from the Lok Sabha triggered a political slugfest on Friday, with the opposition calling it a 'betrayal of India's parliamentary democracy' and the Bharatiya Janata Party asserting that it was an 'apt decision' as there was proof of the allegations levelled against her.
The government has started the process to appoint the next Chief of Defence Staff (CDS) and a list of names based on recommendations from the three services will soon be submitted to Defence Minister Rajnath Singh for approval, officials said on Friday.
The government is set to begin the process soon to appoint the next Chief of Defence Staff with Army Chief Gen MM Naravane emerging as the front-runner for the top post that fell vacant following the demise of Gen Bipin Rawat in a helicopter crash.
The probe panel, constituted by Bihar's National Democratic Alliance government, on Tuesday confirmed that Union Rural Development Minister Raghuvansh Prasad Singh's kin had engaged two child labourers for tilling an agricultural land at Shahpur village in Vaishali district on December 9. The finding dealt a severe blow to Singh's assertion that some TV channels had stage-managed the story.
Government funds spent on productive asset creation through programmes and schemes are termed "Plan" expenditure, while "non-Plan" is a generic term that refers to all expenditure (including establishment and maintenance activities) of the government not included in the Plan.
Urging all in the Visva Bharati to take advantage of this, the prime minister said that as a follow-up of the committee's recommendation, the Archaeological Survey of India has completed the conservation work in the heritage buildings in the Ashram and will now restore the four buildings in the Uttarayan complex within this financial year. Earlier, on arrival at the university campus, the PM inaugurated the Debendranath Tagore museum at the restored Sasntiniketan Griha.
"There is no doubt that selections to public employment should be on the basis of merit. Appointment of persons with lesser merit ignoring those who have secured more marks would be in violation of the Articles 14 and 16 of the Constitution of India," the bench said in last week's judgment.
Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. "Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows.
The strained relationship between the ruling Dravida Munnettra Kazhagam and its key ally Pattali Makkal Katchi on Friday reached a flashpoint with Tamil Nadu Chief Minister M Karunanidhi asserting that his party would take a decision whether to continue the relationship 'in five or six days'.Karunanidhi said that PMK leader and president of Vanniyar Sangam G Guru had spoken at a public meeting recently, threatening Union Minister A Raja and DMK MLA S Sivasankar.
Rejecting Biden's comments, Pakistan foreign minister Bilawal at a press conference here said that Pakistan was following the global standards.
Bihar government on Monday dissolved a committee constituted by Bihar School Examination Board to probe into alleged irregularities in evaluation of marks in this year's 10+2 examination.
'A confident India is now coming in contact with NRIs,' says J C Sharma, secretary, ministry of external affairs on the first conference of overseas Indians.
He said that the Congress government has fulfilled 98 per cent of the promises made in its manifesto and the next manifesto will be prepared on the basis of the 'Vision 2030' document.
Services sector activities improved further and touched a five-month high in April driven by a surge in incoming new work orders that boosted business activity and supported a renewed increase in employment, according to a survey. The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 57.9 in April, from 53.6 in March, highlighting a sharp rate of expansion that was the fastest since last November amid mounting price pressures. For the ninth straight month, the services sector witnessed an expansion in output.
Rajya Sabha was adjourned sine die on Wednesday evening, two days ahead of the scheduled end of the Monsoon session, after the passage of four bills including on the OBC list and state-run insurance companies.
Reserve Bank of India regional director J Sadakkadulla on Thursday said that a high-level committee headed by RBI Deputy Governor Usha Thorat had recommended installing of note sorting machines (NSMs) in all bank branches in a phased manner and has asked the banks to give a road map to the RBI to achieve this task.
A high-level judicial committee found the charges of "undue influence and misuse of office" against Justice Amarbir Singh Gill, Justice Mehtab Singh Gill and Justice M L Singh "prima facie true".
IBC has been revolutionary in many ways and is a formidable instrument for stress resolution. And despite the room for improvement, the overall effectiveness of IBC in the distress space is unmatched, notes Saloni Kothari.
Market regulator Securities and Exchange Board of India (Sebi) on Monday said it is looking at extending trading hours at the bourses but any early decision on it is unlikely.
Foreign flows into Indian equities are expected to pause in the short to medium term, say analysts. The outlook is influenced by multiple factors, including rising oil prices, actions from global central banks, climbing bond yields, and the dollar index gaining prominence. "Valuations appear rich with the markets at record highs.
Apprehending a slowdown in the growth of the economy due to the hardening of interest rates, the appreciating rupee and falling tariffs, the government has decided to set up a group to discuss the impact of these changes.
Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
The Maharashtra government on Tuesday moved the Supreme Court challenging the Bombay high court order directing the Central Bureau of Investigation to conduct a preliminary inquiry within 15 days into the allegations of corruption and misconduct levelled by former Mumbai police commissioner Param Bir Singh against ex-Home Minister Anil Deshmukh.
The decision was taken by the state cabinet, which gave its approval to the proposals of the high power committee headed by Local Administration Minister Paloli Muhammadkutty, set up to study the state-level implementation of the Sachar Committee report.
India's climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric vehicle (EV) sales. On the other hand, repeated assertions by different arms of the government over banning sales of new fossil fuel-fired vehicles have queered the pitch for energy investments. Before we address the issue of the recommended diesel vehicle ban in the recent report on energy transition, issued months before the next round of global climate talks begin in Dubai in November, let's look at what's at stake.
Releasing the survey report after taking into account the expert committee recommendations, Statistics Secretary Pravin Srivastava told reporter, "It is a new design and a new matrix. It would be unfair to compare it with the past. This 45- year high is your interpretation. I don't want to claim that it is 45-year low or high."
The sixth Pravasi Bharatiya Divas was inagurated by Prime Minister Manmohan Singh at the Vigyan Bhavan in New Delhi on Tuesday. The prime minister announced that the government will set up a Global Advisory Council for Persons of Indian Origin. He said the council would comprise persons of Indian origin from all walks of life across the globe.
An incident involving the president of the Bharatiya Janata Party Amit Shah being trapped in a lift at the state guest house in Patna for around 40 minutes will now be investigated by a high-level committee.
The protesters, led by Manoj Jarange, had been staging a hunger strike demanding reservation for the Maratha community at the village since Tuesday.
The Delhi government has been following the practice of banning all kinds of firecrackers for the last three years.
'The armed forces cannot be an exception to the concept of citizenship in a multi-ethnic society. Nor can they demand to be shielded from scrutiny just because they perform a role in India's defence.'
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