Speaking to reporters after a cabinet meeting, the chief minister also announced a one-man judicial probe, headed by Justice Michael D'Cunha, a retired high court judge of Karnataka, into the tragic incident.
Observing an "unholy nexus" between the banks and developers to dupe homebuyers, the Supreme Court on Tuesday directed the CBI to register seven preliminary enquiries against builders in NCR, including Supertech Limited.
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
The share of rent in consumption expenditure has risen to 6.58%, according to the Household Consumption Expenditure Survey 2023-2024. This is the highest it has been in surveys going back to the turn of the millennium.
Prime Minister Narendra Modi on Wednesday urged all stakeholders to come together and invest in people for skill development, nurturing talent and promoting innovation which are essential for job creation and boosting the economy. Participating in post-Budget webinar on employment, Modi said the government has provided skill training to 3 crore youth since 2014 and decided to upgrade 1,000 ITIs and set up five centres of excellence.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
The Lokayukta police have summoned Karnataka Chief Minister Siddaramaiah for questioning in the Mysuru Urban Development Authority (MUDA) site allotment case on November 6, official sources said on Monday.
Adani Properties Pvt Ltd (APPL) has emerged as the highest bidder for the redevelopment of Motilal Nagar in Mumbai, offering more built-up area than its nearest rival, L&T. This will be the second mega redevelopment project of Adani Group in Mumbai, after the Dharavi slum redevelopment project. The total estimated redevelopment cost of Motilal Nagar is around Rs 36,000 crore, and the rehabilitation period is seven years from the project start/commencement date. The project will rehabilitate 3,372 residential units eligible under MHADA, 328 eligible commercial units and 1,600 eligible slum tenements.
After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W).
Domestic rating agency ICRA on Monday said Indian companies are likely to clock 7-8 per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the private capital expenditure (capex) cycle to remain measured in view of the uncertainties around geopolitical developments and relatively subdued outlook on merchandise exports from India.
While data can empower communities, it reinforces identities, making local politics more caste-centric, with decisions increasingly contested on the grounds of representation.
Such dynamics could lead to shifting alliances and, in the worst case, local governance getting paralysed as each group demands proportional power-sharing, explain Amitabh Kundu and Mehebub Rahaman.
Banking on the Budget's tax relief, the BJP seeks to energise Delhi's middle class; the AAP is doing its bit too. But will their outreach mobilise this politically crucial yet disengaged electorate?
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
'The intensity and frequency of heatwaves will be much higher than in previous years over Punjab, Haryana, Rajasthan, Gujarat, Madhya Pradesh and Odisha.'
The Supreme Court of India has criticized the Uttar Pradesh government and Prayagraj Development Authority for the demolition of homes in the city, calling the actions "inhuman and illegal." The court ordered the authority to pay Rs 10 lakh compensation each to the homeowners, stating that the demolitions were carried out in a "high-handed" manner without following due legal process. The petitioners, whose homes were demolished, argued that the state government wrongly believed the land belonged to gangster-politician Atiq Ahmed. The Allahabad High Court had previously rejected their plea challenging the demolition.
There is a 10 per cent rise in endometriosis cases among women, with one in 10 women getting diagnosed with the condition per month.
While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.
'It has the potential to sow seeds of furthering discord when the direction of the discourse is aimed at propagating the perceived supremacy of 'cultural nationalism' from a distant past over the prevailing dominance of 'Constitutional nationalism',' argues N Sathiya Moorthy.
Aam Aadmi Party MLA Mukesh Ahlawat will be the new face in the Delhi cabinet headed by Atishi, who will be sworn in as chief minister on September 21, and four ministers will be retained, the party said on Thursday.
The Trinamool Congress (TMC) has distanced itself from controversial remarks made by its senior leader and West Bengal minister Firhad Hakim regarding the Muslim percentage in the population. Hakim, in a speech, had claimed that Muslims constitute 33 per cent of the population in West Bengal and 17 per cent nationwide, adding that they could become a numerical majority if they empower themselves. The party issued a statement on Monday condemning Hakim's remarks, asserting that they do not reflect its ideology and commitment to communal harmony. The remarks have sparked a political storm, with the opposition BJP accusing Hakim of attempting to stir communal sentiments. Hakim later clarified that his remarks were misinterpreted and that he was advocating for the empowerment of minorities through education and skill development. However, the controversy has caused ripples within the TMC and complicated the party's messaging.
The MVA government had planned to arrest Devendra Fadnavis and when he objected, they planned to arrest him as well, said Maharashtra Chief Minister Eknath Shinde
Caste census politics took centre stage on Thursday with the Congress terming the government's decision as a 'diversionary tactic' and a move for headlines management and the Bharatiya Janata Party saying it has exposed the difference between the Centre's 'true intentions' and the 'empty sloganeering' of the opposition party.
The move by Congress president Mallikarjun Kharge's son Rahul Kharge comes close on the heels of Chief Minister Siddaramaiah's wife Parvathi returning the 14 sites to Mysuru Urban Development Authority after the Lokayukta police registered a case against Siddaramaiah, his wife and brother-in-law.
This was stated by Union urban development minster Sugata Roy in Rajya Sabha today in response to a written question.
Dharma Guardian 2025 will primarily focus on urban warfare tactics and counter-terrorism operations and underscores the growing strategic partnership between India and Japan.
Chief Minister-designate Atishi will be sworn in along with her new Council of ministers during a ceremony at the Raj Niwas on Saturday afternoon that will see Aam Aadmi Party form the government in Delhi for the fourth time in a row.
The Uttar Pradesh government on Thursday issued a provisional list of reserved seats for mayors of municipal corporations, and chairpersons of municipal councils and nagar panchayats for the three-tier urban elections.
'Balancing tunnel developments with ecological realities is a major challenge and, when overlooked, can contribute to mishaps.'
Sharing details about the decision, tourism minister Jaivir Singh said the tourism department would provide the company land for the international-level museum on a 90-year lease for a token amount of Re 1.
Leading chains plan Rs 40K crore infra revival to close capacity gap over next 3-5 years
The government also termed the alleged insult to the farmer as an infringement on "dignity and self-respect", and said it cannot be tolerated.
Karnataka state Bharatiya Janata Party president B Y Vijayendra and Deputy Chief Minister D K Shivakumar's brother D K Suresh called on state minister Satish Jarkiholi separately on Monday, triggering political speculation.
The chief minister had challenged the approval given by Governor Thaawarchand Gehlot for an investigation against him in the alleged irregularities in the allotment of 14 sites to his wife by the Mysuru Urban Development Authority (MUDA) in a prime locality.
The BJP registered emphatic victories in seven municipal corporations in Haryana, while its nominees were leading in two other civic bodies in the recently held elections. The Congress, which was hoping to improve its electoral fortunes after a defeat in the 2024 Assembly polls, suffered another setback. The BJP candidates won with large margins in Faridabad, Gurugram, Hisar, Karnal, Rohtak, Sonipat, and Ambala. The BJP was also leading in Yamunanagar and Panipat. In Manesar, an Independent candidate, Inderjeet Yadav, won the mayoral election. The results are seen as a major setback for the Congress, which has been facing internal turmoil and factionalism.
According to police, a first information report (FIR) was registered under Sections 384 (punishment for extortion) and 120B (criminal conspiracy) read with 34 (acts done by several persons in furtherance of common intention) against Union minister Nirmala Sitharaman, Enforcement Directorate officials, office-bearers of the Bharatiya Janata Party at state and national level, based on the order of a special court.
Firhad Hakim, a senior minister in West Bengal's ruling Trinamool Congress (TMC), has defended his remarks on the Muslim population in the state and India, saying he is a diehard secular and patriotic Indian. Hakim's comments, made at a minority students' event, have sparked controversy with the BJP, Congress, and Hindu monks accusing him of promoting communalism and advocating for a Muslim majority. Hakim, however, clarified that his remarks were taken out of context and that he was merely advocating for the empowerment of the Muslim community. He also highlighted the need for greater representation of Muslims in the judiciary.
The government's indirect tax collection is expected to increase by 8.3 pc in the financial year 2025-26 (FY26), according to a report by ICICI Bank. The report also noted that this growth is higher than the 7.1 per cent increase seen in FY25 and is mainly driven by rise in GST revenue from strong urban consumption. It said "The increase is driven by higher goods and services tax collections which in-turn is explained by boost to urban consumption".
The governor has also started using a bullet-proof car since Tuesday morning, the sources told PTI.
Days after the Karnataka governor granted sanction for the prosecution of Chief Minister Siddaramaiah in the Mysuru Urban Development Authority case, the Congress' top leadership on Friday expressed its backing for him and alleged that the Centre had unleashed a systematic assault through a 'puppet governor' to destabilise an elected government.
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