The revised salaries of MPs are significantly lower than the salaries drawn by top bureaucrats in the country.
'The global situation is not very good.'
The Shiv Sena, a ruling party in Maharashtra, has demanded the removal of the protected monument status from Aurangzeb's tomb in Khultabad. This demand comes after protests and calls for the tomb's demolition from organizations like the Bajrang Dal and Vishwa Hindu Parishad. The Archaeological Survey of India (ASI) protects the tomb as a monument of national importance. Maharashtra Chief Minister Devendra Fadnavis has stated that the state government will protect the tomb but will not allow the glorification of Aurangzeb.
The Maharashtra government, led by a coalition of the BJP and Shiv Sena, has admitted that it cannot increase the monthly financial aid under the Ladki Bahin Yojana to Rs 2,100, as promised during the 2024 assembly polls. The government cites severe financial stress as the reason. Social Justice Minister Sanjay Shirsat, a Shiv Sena leader, has said that the scheme will continue with the existing amount of Rs 1,500, but the increase is not feasible at this time. The minister also accused the Finance Department, led by Ajit Pawar, of diverting funds from his department without his knowledge. He called for a law to ensure that the social justice and tribal affairs departments receive their allocated funds. The statement comes as an embarrassment for the Mahayuti government, which had heavily campaigned on the promise of increasing the Ladki Bahin Yojana aid.
Prof Anantha Chandrakasan has been named Massachusetts Institute of Technology's new provost, the first Indian-American to serve in this leadership role.
Benchmark equity indices climbed nearly 1 per cent on Wednesday on buying in HDFC Bank and Reliance Industries. Investors are eyeing the two important events lined up ahead -- the interim budget and the US Fed interest rate decision -- to derive further cues from. Recovering all the early lost ground, the 30-share BSE Sensex jumped 612.21 points or 0.86 per cent to settle at 71,752.11.
Both Lok Sabha and Rajya Sabha committees had recommended that their suspension be withdrawn after they expressed regret for their conduct during the Winter session when their relentless protests prompted the Chairs to take action.
RBI's interest rate decision, quarterly earnings and global cues would be the major driving factors for equity markets this week, analysts said adding that the impact of the Union Budget could linger on this week. Trading activity of foreign investors will also be a key driver for the markets, experts noted. "US and India's manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for.
The Budget has given signals that India is sensitive to the US needs and willing to walk the extra mile, but if need be, we should respond in equal measure as a sovereign nation, notes Ajay Srivastava.
India's Finance Minister Nirmala Sitharaman has announced an ambitious plan to develop the country's top 50 tourist destinations in a "challenge mode", with the aim of boosting employment-led growth and attracting international visitors. The Ministry of Tourism has received a significant budget increase for 2025-2026, with a focus on enhancing tourism infrastructure, promoting domestic and international travel, and ensuring the safety of tourists, particularly women. The government plans to promote homestays, improve connectivity to tourist spots, and provide performance-linked incentives to states that demonstrate effective destination management. The budget also includes investments in public enterprises, skill development programs, and initiatives to promote medical tourism and spiritual tourism.
'Still, people are asking why we have not gone for a full-out war. As a military man, if ordered, I will go to war, but that will not be my first choice'
A Supreme Court lawyer has written to the Attorney General seeking consent to initiate contempt proceedings against BJP MP Nishikant Dubey for his "grossly scandalous" remarks against the court. Dubey had criticized the Supreme Court and Chief Justice of India Sanjiv Khanna following the Centre's assurance that it would not implement some of the contentious provisions of the Waqf (Amendment) Act. The BJP has distanced itself from Dubey's comments, calling them his personal views.
The suspension of 18 Bharatiya Janata Party MLAs from the Karnataka Legislative assembly for six months has been revoked, Speaker U T Khader said on Sunday.
Leader of Opposition in the Lok Sabha Rahul Gandhi has written to Prime Minister Narendra Modi flagging the 'deplorable' conditions in residential hostels for Dalit, ST, EBC, OBC and minority students and the delay in post-matric scholarships for those from marginalised communities.
Maharashtra Chief Minister Devendra Fadnavis has asserted that the third battle of Panipat, fought in 1761, was a symbol of the bravery of Marathas and not their defeat. He said the state government is building a memorial to Chhatrapati Shivaji Maharaj in Agra and acquiring land for another memorial in Panipat, where the battle was fought between Marathas and Afghan ruler Ahmad Shah Abdali.
The government may save over Rs 70,000 crore (Rs 700 billion) on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.
Finance Minister Nirmala Sitharaman commended the outstanding performance of chess prodigy Praggnanandhaa
There are challenges galore before him, and it is not going to be easy. In the next four years, he has to conjure a system that changes the optics about him and the BJP both nationally and internationally so that he can ride back on his own, claim the top slot, and not have to lean on a coalition, asserts Ramesh Menon as Modi 3.0 completes a year in power.
India should have learnt lessons from the 1962 war but no headway was made in the development of border infrastructure till 2014, he claimed, adding that the Modi government increased the budget for the same from Rs 3,500 crore to Rs 14,500 crore.
Markets regulator Sebi is actively working with the Ministry of Finance and other financial regulators on setting up a centralised KYC (Know Your Customer) system, chairman Tuhin Kanta Pandey has said. The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions.
Manipur MP A Bimol Akoijam has alleged that his questions about agreements the government has signed with insurgent groups in the northeastern states were removed from the list of starred questions scheduled for March 11, 2025. Akoijam, a Congress leader, claims this is a "serious infringement" on his rights as an elected Member of Parliament and undermines his legislative oversight function. He says he has met with the Speaker and the Minister of Parliamentary Affairs to raise the issue.
Bypolls are due in Bihar, Gujarat, Haryana, Jharkhand, Maharashtra, Tripura, Uttar Pradesh, West Bengal, Telangana, Himachal Pradesh, Rajasthan, Karnataka and Tamil Nadu
Amidst alleged power struggles within the ruling Congress in Karnataka, AICC general secretary Randeep Singh Surjewala has called for discipline within the party, emphasizing that the party is paramount. This comes as the state's chief minister and deputy chief minister submitted a consolidated report on the performance of 31 ministers to Surjewala, fueling speculation about a potential cabinet reshuffle.
Union Finance Minister Nirmala Sitharaman will present the Interim Budget on February 1 ahead of the Lok Sabha elections likely to be held in April-May.
The next Census' findings will help identify the extent of India's ageing population and vulnerability levels.
In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6 lakh per annum while presenting the Union Budget 2025-26. Presenting the budget in Lok Sabha, the Finance Minister said, "The annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh.
Dr Manmohan Singh first embossed himself on the national consciousness when as India's finance minister he flagged off economic reforms which changed this nation forever.
Opposition MPs in India's Rajya Sabha raised concerns about US President Donald Trump's tariff threats, demanding the government clarify its response and engage in discussions with opposition parties. Leaders like P Chidambaram and Sagarika Ghose warned of potential economic repercussions, including depressed exports, lower FDI, and a significant tariff burden. The debate also touched on other issues such as the government's economic policies, demonetization, and the impact of GST on common citizens.
The Union Budget 2025-26 has allocated over Rs 1,400 crore to the law ministry to meet carry forward expenditure for holding the 2024 Lok Sabha elections and purchase of new electronic voting machines for the Election Commission. The allocation includes Rs 500 crore for the elections, Rs 300 crore for voter identity cards, Rs 597.80 crore for "other election expenses", and Rs 18.72 crore for new EVMs. The law ministry is the nodal agency for the Election Commission, polls, electoral laws, and appointment of members to the poll panel.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.
With 90% of the inventories sold out, JioStar expects to ring in more than a 58% increase over last year's IPL, when it clocked Rs 3,900 crore.
Currently, the NAPCC has eight active missions across sectors like water, energy, and agriculture, aimed at addressing climate change.
'In the Indian government there are no illusions about the United States reliability or the possibility of having any kind of preferential treatment from Washington when it comes to trade.'
Hero MotoCorp is expecting its electric vehicle (EV) business to break even once it reaches monthly sales volumes of 25,000 to 30,000 units, which is a couple of years away, Chief Financial Officer (CFO) Vivek Anand said on Tuesday. "This year, in 2024-25 (FY25), if I really look at my EV performance, our volumes have grown by 200 per cent," Anand told analysts during the company's post-results conference call.
The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.
Opposition parties in India's Rajya Sabha, including the Congress and the TMC, walked out of the chamber after their demand for a discussion on the Election Commission's alleged lapses in issuing duplicate voter ID cards and delimitation was disallowed. The Deputy Chairman, Harivansh, rejected the notices under Rule 267, citing non-compliance with previous rulings. While TMC and Congress MPs focused on the duplicate voter ID issue, Tamil parties expressed concerns about the impact of delimitation on southern states. Despite raising slogans and pressing for a discussion, the opposition staged a walkout after their notices were rejected and their statements deemed not part of the official record.
Prime Minister Narendra Modi said on Friday that there have been no attempts from abroad to stoke trouble in India ahead of the Parliament's Budget session, which begins on Saturday. Modi's statement comes as his government prepares to present its first full-fledged budget in its third term. He expressed confidence that the Budget session will infuse new confidence and energy in attaining the goal of 'Viksit Bharat' by 2047, and said his government has been working in a mission mode for an all-round development.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
The Haryana Cabinet has decided to offer wrestler-turned-politician Vinesh Phogat benefits equivalent to those of an Olympic silver medallist under the state's sports policy.
