India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.
The Maharashtra government has become the owner of iconic Air India building with the Union government approving transfer of the asset on Thursday. The Maharashtra government bought the Air India building at Nariman Point in Mumbai for Rs 1,601 crore. "GoI has approved transfer of Air India building, Mumbai of AI Assets Holding Company Ltd (AIAHL) to Government of Maharashtra (GoM) at consideration of Rs.1601 cr. GoM has agreed to waive dues of Rs. 298.42 cr, which would have been otherwise payable by AIAHL to GoM for this transaction," DIPAM secretary Tuhin Kanta Pandey said in a post on X.
A young Indian man was arrested in Pakistan after illegally crossing the border to meet a Facebook friend he wanted to marry. However, the woman told police she was not interested in marrying him. The man, Badal Babu, was arrested in the Mandi Bahauddin district of Pakistan's Punjab province on December 28. He had crossed the border to meet his Facebook friend, Sana Rani. Rani, in her statement to police, said she had been friends with Babu for the past two-and-a-half years but was not interested in marrying him. Babu's family has appealed to the Indian government to intervene for his release.
The 28 new ministers who joined the Chouhan cabinet on July 2 include 20 of cabinet rank and eight ministers of state.
Nationalist Congress Party leader Ajit Pawar was given the finance and planning portfolio on Friday, nearly two weeks after he broke away from the original party and took oath as Maharashtra's deputy chief minister.
As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street.
The ministry of minority affairs informed the Lok Sabha that in 2022-2023, it had been allotted Rs 5,020.5 crore (Rs 50.20 billion); in the Revised Estimates, it had got Rs 2,612.66 crore (Rs 26.12 billion); and had spent, until the end of March this year, Rs 712.5 crore (Rs 7,12 billion).
'The President of India, as advised by the prime minister, has accepted the resignation of Harsimrat Kaur Badal from the Union Council of Ministers, with immediate effect,' the Rashtrapati Bhavan said in a statement.
The quantum of irregularities can be gauged from the fact that during 11 months of last fiscal, Union Rural Development Ministry received 351 complaints of alleged embezzlement of funds in the NREGA.
'MGNREGA Sameeksha' is an anthology of all major research studies on performance of the programme that were published in academic journals or the stand-alone reports, but excluding the newspaper and magazine articles and opinion pieces, says Rural Development Minister Jairam Ramesh in his forward to the volume.
'Efforts are on to make the data readily available so that it proves useful for policymakers.'
The Government of India has decided to launch a massive rural public works scheme, 'Garib Kalyan Rojgar Abhiyaan', to "empower and provide livelihood opportunities to the returnee migrant workers and rural citizens". Prime Minister Narendra Modi will launch this scheme on June 20 through video conference in the presence of Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Kumar Modi.
Nitin Desai, who has known Dr Singh from 1971, extends his 'deepest condolences to his wife Gurcharan Kaur and to his three talented daughters Upinder, the historian; Daman, the writer; and Amrit, the human rights activist.'
The statistics (compiled till May), presented and analysed by the Performance Review Committee of the ministry last week, show that states run by UPA governments have not made much advance in implementing its signature rural development schemes.
Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.
Nearing the four crore (40 million) mark in providing jobs under MGNREGA, re-launching the Provision of Urban Amenities in Rural Areas scheme and reinforcing social audit in programmes on complaints of irregularities were the foremost tasks of the rural development ministry in 2010.
India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, a high magnitude of El-Nino impact, and modest trade activity and FDI inflows, are factors that could constrain the pace of growth. "Should these developments deepen and dampen growth in the subsequent quarters, the external sector may challenge India's growth outlook for FY24," the finance ministry said.
Ahead of a meeting of Group of Ministers, the rural development ministry sought to allay apprehensions of industries and infrastructure sectors over the controversial land acquisition bill, contending that the amendments in the legislation are investor-friendly.
Just over 5 crore (50 million) households received employment in works like water conservation and water harvesting, drought proofing, irrigation canals and renovation of traditional water canals, the MNREGA annual report, tabled by the Rural Development ministry in Parliament, said.
It would be difficult to stick to the Budget numbers unless the departments are reined in their expenditure plans.
This is her second intervention, seeking that work done under NREGA be treated as scheduled employment under the Minimum Wages Act.
Around 7.4 per cent of Indians aged 60 and above are affected by dementia. This number is expected to rise from the current 8.8 million to 17 million by 2036, marking a 97 per cent increase.
Maharashtra government on Wednesday decided to acquire the iconic Air India building at Nariman Point in Mumbai for Rs 1,601 crore. The decision was taken at a meeting of the state cabinet in Mumbai. The meeting, chaired by Chief Minister Eknath Shinde, also decided to waive off around Rs 250 crore unrealised income and interest on the property, an official said.
The government is considering enacting a law making it mandatory for industries to rehabilitate the displaced people before developing projects under the special economic zones.
It was business as usual for Jairam Ramesh in his new rural development ministry where he held extensive meetings with officials on his first day that stretched past midnight.
The government is considering a proposal to expand the types of works under National Rural Employment Guarantee Act to provide wider option to beneficiaries.
Extending the job guarantee programme much beyond digging ponds and building roads, work allotted under NREGA may cover garmenting giving employment to lakhs of people, Textile Secretary Rita Menon has said.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.
In its report to the rural development ministry, the NLM has also noted that 60 per cent of the districts have 'unsatisfactory or irrelevant' choice of works under the Act and its technical supervision was also absent.
Condolences have poured in from across the globe, including from the United States, Canada and Sri Lanka following the demise of former Prime Minister Manmohan Singh.
The Land Acquisition Bill, passed by Parliament during the Monsoon Session to replace a 119-year-old legislation, became a law with President Pranab Mukherjee giving assent to it on.
Sources said the rural development ministry has sought an additional Rs 20,000 crore for MGNREGA for 2019-20 over and above the budgeted Rs 60,000 crore for 2019-20. Though, all of the PM-KISAN savings may not be transferred to fund MNGREGA's extra needs, sources said a part of this could be transferred.
While the rural development ministry claims high success rate in the previous two years under its flagship Swarnajayati Gram Swarozgar Yojana, a total of 3,24,526 eligible self-help groups are still awaiting financial assistance under the programme.
Almost a year after he was forced to resign in the aftermath of the terror attack on Mumbai, senior Nationalist Congress Party leader R R Patil is back in the saddle as Maharashtra home minister. NCP chief Sharad Pawar's nephew Ajit Pawar will handle the prestigious Power portfolio, in addition to the Water Resources Ministry he handled earlier. NCP leader Jayant Patil, who was home minister in the outgoing government, will now handle the Rural Development Ministry.
Rural outlay may go up 23% to reduce pains of demonetisation
The controversial Land Acquisition Bill was on Thursday cleared by the Union Cabinet, making mandatory the consent of 80 per cent of people whose land is taken for private projects.
After UPA chairperson Sonia Gandhi had intervened and asked government to take consent from 80 per cent land owner for purchase of land.
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