The government on Thusday said it is examining a proposal for setting up a venture capital fund to promote drug discovery in India.
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax Collection at Source). While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha on Friday, Finance Minister Nirmala Sitharaman said the Reserve Bank has been asked to look into ways to bring credit card payments on foreign tours under the LRS. "It has been represented that payments for foreign tours through a credit card are not being captured under the Liberalised Remittance Scheme (LRS) and such payments escape tax collection at source (TCS)," she said.
After a meeting of the AAP's highest decision making body -- political affairs committee (PAC) -- at party national convenor and Delhi Chief Minister Arvind Kejriwal's residence in New Delhi, Chadha also welcomed the Congress' decision to oppose in Parliament the Centre's ordinance on the control of administrative services in Delhi.
But the government will present a second tranche of Supplementary Demands for Grants during the Budget session of Parliament in February, when it can seek additional spending.
Both houses of Parliament were adjourned for the day on Friday after an uproar over the violence in Manipur.
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
'Kejriwal could have easily deputed someone to step in as chief minister, but being the authoritative and self-centered personality that he is, he chose not to do it.' 'If the AAP loses Delhi, where it has a huge majority, the only one to blame would be Kejriwal,' asserts Ramesh Menon.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
The "opaque" electoral bonds scheme for funding political parties will "destroy democracy" as it promotes corruption and does not allow a level playing field between the ruling and opposition parties, the petitioners challenging the validity of the scheme told the Supreme Court, which on Tuesday observed election funding was a "complicated issue".
The opposition INDIA alliance on Friday finalised a 13-member committee.
Joshi said, "(BJP leader) Nishikant Dubey issued a notice to Rahul Gandhi for making baseless allegations (against the PM). What they say has to be supported with evidence but they haven't produced any. We all are answerable to the people of this country. This time action will be taken on this notice."
Modi, sources said, noted that some opposition members had described the voting in Rajya Sabha as a semi-final before the 2024 Lok Sabha polls as he exuded confidence about the BJP's prospects in the national elections.
Prime Minister Narendra Modi will address Bharatiya Janata Party members on the party's foundation day on Thursday.
Approximately 80 leaders from more than 26 political parties are expected to attend the third meeting of the INDIA alliance in the country's financial capital, they said.
Around 25 buses carrying Trinamool Congress volunteers set out from Kolkata on Saturday for the planned protest programme in Delhi on October 3 against the alleged withholding of funds by the Centre, party leaders said.
The NDMC has also decided to rename the Gurudwara Rakabganj round-about adjacent to the Parliament complex as Guru Gobind Singh Chowk following representations from various Sikh organisations.
Officials from India and the United Kingdom (UK) are working overtime to address the contentious issues related to the proposed free trade agreement (FTA) between the two nations, in a final push to conclude the deal by the year-end. Commerce secretary Sunil Barthwal was headed to London on Thursday after completing his four-day visit to Brazil. Other key officials from India's negotiating team will be joining Barthwal in the UK capital, hoping to make headway in the FTA negotiations, which started in January last year, a person aware of the matter told Business Standard.
The Supreme Court on Thursday asked the Delhi police not to issue temporary licences for sale and storage of any kind of firecrackers, saying when the city government has banned all firecrackers no distinction can be made on the basis of whether it is green or not.
West Bengal Chief Minister Mamata Banerjee on Tuesday assured her counterpart from Delhi Arvind Kejriwal, that her party would support him in his fight against the central ordinance to control appointments and transfer of bureaucrats.
According to a senior Congress leader, the constituents of the opposition alliance intend to move forward with the theme "Main Nahin, Hum (We, Not Me)" at the meeting.
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 81.90 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent.
Suman, who held the SC and ST welfare portfolio, is the national president of HAM founded by his father Jitan Ram Manjhi, a former chief minister.
Some constituents of the alliance have raised concern that the panels, particularly the 14-member coordination committee, are at risk of becoming ineffective, as their decisions have so far not been acted upon.
The man, in his thirties, is not a contact of the first reported case of monkeypox in the national capital, they said, adding that he has a history of foreign travel.
India's economic growth will be above 6 per cent in the current fiscal as the country has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Monday. Goyal further said that a global slowdown reducing India's export growth, geopolitics fueling oil and food prices, and erratic weather are some of the continuing risks that the country faces. "India has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks.
A BJP leader in Bihar on Thursday died while taking part in a 'Vidhan Sabha march' against the state's Nitish Kumar government, evoking allegations from senior party leaders that he was "killed in a brutal lathi charge".
'CM Banerjee passes a resolution in the Parliament against BJP, but then praises PM Modi'
Rajya Sabha Chairman Jagdeep Dhankhar on Wednesday referred the complaints of four MPs, who accused Aam Aadmi Party MP Raghav Chadha of proposing their name in a House panel without their consent in violation of rules, to the privileges committee to examine and investigate the matter.
Special judge Vikas Dhull also imposed certain conditions on Tytler, including that he will not tamper with evidence or leave the country without its permission.
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
The satyagraha will begin at 10 AM and end at 5 PM on Sunday.
With the assembly polls only two years away, in 2026, any demoralising defeat in 2024, would challenge not only the party's continued relevance but also EPS's leadership, asserts N Sathiya Moorthy.
With the Aam Aadmi Party fighting for survival, Congress struggling for an identity and the BJP seeking to hold on to its political capital, these elections will be one of the most interesting India, says Aditi Phadnis
'Everyone's voice must be heard. We will be talking to both Kukis and Meiteis'
Finance Minister Nirmala Sitharaman's Budget speech on Wednesday was marked by the usual thumping of benches by the ruling alliance members, but the loudest cheer was reserved for her announcement of income tax relief, which was welcomed by 'Modi, Modi' chants in Lok Sabha that also witnessed a few instances of protest by the Opposition.
The Biju Janata Dal on Tuesday opposed the no-confidence motion against the government on the Manipur violence, saying what happened in the state is due to "legacy issues" running back several decades.
Rajya Sabha was adjourned for the day on Friday amid an uproar in the House over the issue of law and order situation in Rajasthan.
She has shown shrewdness, sensitivity, and courage. All of these will be needed in ample quantities for the real challenge that will emerge after the elections, notes Shreekant Sambrani.
There was no immediate response from the Aam Aadmi Party over the matter.
M P Veerendrakumar, former state president of the Janata Dal - Secular, who quit the party following differences of opinion with the Communist party of India - Marxist over the allocation of Lok Sabha seats, has lashed out at his former ally.Veerendrakumar, who is also the managing director of leading daily Mathrubhumi, stated that the CPI-M leadership has become pro-capitalism and alleged that the party was trying to promote five-star hotels.
