The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.
'Suddenly we had a new comprehension of affairs, which reminded that the luxury of politics floated atop a foundation by economics.' 'Along with this, finance ministers became crucial in molding the perception and reputation of Union Cabinets.' 'Governments couldn't afford a wrong person in that portfolio,' asserts Shyam G Menon.
The Jammu and Kashmir assembly unanimously passed a resolution on Monday expressing shock and anguish over the terrorist attack in Pahalgam and resolved to fight resolutely to defeat the nefarious designs to disturb communal harmony and hinder progress.
While addressing the media after the Cabinet meeting, Union Minister Prakash Javadekar said the upper limit for permitting abortions has been extended from the present 20 weeks to 24 weeks. He also said that this will ensure safe termination of pregnancies and also give women reproductive rights over their bodies.
Some ministers Monday voiced concern over the deliberations of the Union Cabinet appearing in the media following which all the ministers were counseled not to leak the proceedings.
This form of government, where secrets and major decisions are kept from the Cabinet itself, appears to be continuing, which is why the speculation around this special session, asserts Aakar Patel.
This is in contrast to a Supreme Court judgment of March which said the panel should comprise of the prime minister, the leader of opposition in Lok Sabha and the Chief Justice of India.
'India today feels enough is enough and we need to teach Pakistan a lesson.' 'Unless compelled, Mr Modi will think 10 times before taking the extreme step.'
A meeting of the Union Cabinet scheduled for Thursday morning was postponed as Prime Minister Manmohan Singh was indisposed.
Among the national parties, the Congress, Aam Aadmi Party, the Bahujan Samaj Party and the Communist Party of India-Marxist opposed the proposal, while the Bharatiya Janata Party and the National People's Party supported it.
Citing evolving needs and aspirations of the citizens, he said that the civil service must adapt to contemporary challenges to remain relevant.
The Union Cabinet on Wednesday cleared utilisation of the Universal Service Obligation Fund (USOF) for provision of mobile connectivity in 7,287 uncovered villages across five states at an estimated cost of Rs 6,466 crore. Briefing media on the Cabinet decisions, Information and Broadcasting Minister Anurag Thakur said these uncovered villages of 44 aspirational districts across five states of Andhra Pradesh, Chhattisgarh, Jharkhand, Maharashtra and Odisha will get 4G-based mobile services.
The main thrust of the policy is on the multiplier effect and transformational impact of such services on the overall economy.
He said the RPI-A will also demand tickets to contest at least two Lok Sabha seats (out of the total 48 in Maharashtra) and 10 to 15 assembly segments in the 2024 elections from the NDA quota.
The Union Cabinet on Wednesday gave its nod for amendments in the Insurance Act, paving way for 74 per cent foreign direct investment in the sector. Currently, the permissible FDI limit in the life and general insurance stands at 49 per cent with ownership and management control with Indian. According to sources, the Cabinet in its meeting has approval for amendments in the Insurance Act, 1938.
On India, the chart showed that the country charged 52 per cent tariffs on the US "including currency manipulation and trade barriers," and America will now charge India "discounted reciprocal tariffs" of 26 per cent.
The Union Cabinet has approved amendments to the General Insurance Business (Nationalisation) Act, paving the way for privatisation of government-owned insurers. The amendments, approved by Cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time. It will also have an enabling provision for the transfer of management control from the government to the potential buyer of the public sector insurance company. The finance ministry will move amendments to the insurance Act in the ongoing Parliament session.
'With new projects and recently awarded projects kicking in, capital expenditure should only increase going forward.'
Jaishankar said his father was also a very upright person, "may be that caused the problem, I don't know".
Congress party circles are talking about a major Cabinet reshuffle on September 18. Rural Development Minister Jairam Ramesh, Public Health Minister Gulam Nabi Azad and Social Justice Minister Mukul Wasnik are said to be tipped for party organisational work, while party spokesman Janardan Dwivedi and his junior Manish Tiwari are likely to be included in the Union Cabinet.
The Union cabinet on Wednesday accepted the recommendations of the high-level committee headed by former President Ram Nath Kovind on simultaneous elections.
The Union Cabinet on Wednesday approved the participation of the private sector in the entire range of space activities, including planetary exploration missions, Union minister Jitendra Singh said. The newly-created Indian National Space Promotion and Authorisation Centre (IN-SPACe) will provide a level playing field for private companies to use Indian space infrastructure, Singh, who is the minister of state in the Prime Minister's Office, said.
Fifteen Cabinet ministers and 28 Ministers of State were sworn-in by President Ram Nath Kovind at a ceremony at Rashtrapati Bhavan on Wednesday evening.
Tamil Nadu Chief Minister M K Stalin did not attend the traditional 'At Home' reception hosted by Governor R N Ravi on Republic Day. Stalin instead visited Madurai to participate in events celebrating the cancellation of the Centre's tungsten mining initiative. The Chief Minister and his cabinet colleagues boycotted the event, following suit with the ruling DMK's allies, including the Congress party. Governor Ravi, who has been critical of the DMK regime, had targeted the Stalin-led government in his Republic Day Eve address, alleging that many state-run universities in Tamil Nadu were in a dire financial crisis. In Madurai, CM Stalin, recalling his assurance that tungsten mining would not be allowed while he remained in office, said the village elders visited him in Chennai and invited him for the felicitation function. He said rather than praising him, it is the people who should be greeted, thanked and felicitated. The union government recently announced its decision to annul the auctioning of the mining rights.
Debutant legislator Rekha Gupta was sworn in as Delhi chief minister along with six ministers on Thursday in a grand show of strength full of colour and spectacle to mark the Bharatiya Janata Party's return to power in the city after more than 26 years.
Shrirang Barne, an MP of Shiv Sena led by Eknath Shinde, on Monday expressed disappointment over the party not getting a cabinet berth in the newly-formed Narendra Modi-led government and alleged partiality.
President Droupadi Murmu, Prime Minister Narendra D Modi, senior Cabinet ministers, Congress and Opposition leaders paid their respects to former prime minister Dr Manmohan Singh, who passed into the ages on Thursday night, at his residence in New Delhi on Friday.
The Union Cabinet on Thursday repealed the Tamil Nadu Legislative Council Act, thereby laying the foundation of a political strategy to woo the ruling All India Anna Dravida Munnetra Kazhagam. After Home Minister P Chidambaram proposed the agenda and sought the views of other ministers in the Cabinet, Prime Minister Manmohan Singh gave his go-ahead for the repeal.
The cabinet normally meets on every Wednesday and the reasons for convening a meeting on Monday has not been disclosed by the government yet.
He also said Shiv Sena, led by Shinde, and BJP will fight all elections together, which was discussed during their meeting with Union Home Minister Amit Shah in Delhi.
The Janata Dal-Secular demanded that the Congress government should sack Khan from the Cabinet for his racist slur.
The 54-year-old Lekhi, who took oath as a Union Minister of State on Wednesday on her second term as the MP from the prestigious New Delhi constituency, has been at the forefront of struggles on a host of issues ranging from those pertaining to women and environment to law and development.
Barring a few, such as Andhra Pradesh Chief Minister N Chandrababu Naidu (74), Union Minister C R Patil (69) and Uttar Pradesh Finance Minister Suresh Khanna (71), most other ministers attending the WEF represent the next generation of India's politicians.
Till now, he was being guarded by a small team of the central paramilitary force SSB.
Election strategist-turned-politician Prashant Kishor has predicted that JD(U) president Nitish Kumar will contest the upcoming assembly polls in Bihar in alliance with the BJP but may switch sides later, with hopes for another term as the chief minister. Kishor, founder of the Jan Suraaj Party, also asserted that Kumar's popularity has declined and he is unlikely to win a fifth consecutive term. He challenged the BJP to declare Kumar as the chief ministerial candidate, arguing that they would struggle to win seats if they did so. Kishor also criticized Kumar's leadership, accusing him of being "physically tired and mentally retired" and of "bringing disrepute to Bihar" by touching Prime Minister Narendra Modi's feet. He said his new party will enter the fray to pull Bihar "out of the political rut" and that the state's much-touted prohibition policy is an example of the BJP's duplicity.
According to sources, the proposal is listed in the agenda of the meeting of the Union Cabinet scheduled for Friday.
Though the extended tenure of incumbent president JP Nadda ends on June 30, a recent amendment in the BJP's constitution has empowered its apex body, the Parliamentary Board, to take a call related to a president, including his term, in "emergency" situations.
Shiv Sena leader and Heavy Industries Minister Balasaheb Vikhe-Patil on Saturday resigned from the Union Cabinet.
Paswan said he was willing to contest the upcoming Bihar assembly polls as an NDA partner "if the BJP so desires", and made light of estranged uncle Pashupati Kumar Paras' recent meeting with Union Home Minister Amit Shah.
