A dedicated party worker, who made his way up in the state politics from the municipality level, Patel was a surprise choice for the top post when the BJP decided to effect a regime change, replacing the entire ministry a year before the elections.
India will become the world's third largest economy by 2026 as its GDP in current dollar terms will reach $5 trillion in that year and further rise to $5.5 trillion in 2027, former Niti Aayog vice chairman Arvind Panagariya said on Friday. Delivering the 18th C D Deshmukh Memorial Lecture titled 'India at 125: Reclaiming the Lost Glory and Returning the Global Economy to the Old Normal', he said it is unlikely that GDP in current dollar terms of either Germany or Japan will cross $5 trillion-mark in the coming three years. Japan will have to sustain a growth rate of 3.5 per cent in current dollar terms to reach $5.03 trillion in 2027 from its 2022 level of $4.2 trillion, he said.
Tamil Nadu Governor R N Ravi on Friday re-allocated the portfolios held by arrested state Minister V Senthil Balaji, on the recommendations of Chief Minister M K Stalin but "has not agreed" to the minister continuing in the cabinet, the Raj Bhavan said.
Global rating agency Moody's on Monday raised India's growth forecast for 2024 calendar year to 6.8 per cent, from 6.1 per cent estimated earlier, on the back of 'stronger-than-expected' economic data of 2023 and fading global economic headwinds. India's real GDP expanded 8.4 per cent year-over-year in the fourth quarter of calendar year 2023, resulting in a 7.7 per cent growth for full-year 2023. Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, Moody's Investors Service said.
Moitra was heard using an objectionable word to which the Chair objected and urged members to avoid cuss words.
In recent months, several pharma multinational corporations (MNCs) are increasingly turning to Indian companies to expand market reach in the country's pharmaceuticals sector. Sanofi's partnerships with Dr Reddy's, Cipla, and Emcure, AstraZeneca and Mankind Pharma - teaming up for asthma medication distribution - are a few instances of this trend. This strategy allows MNCs to leverage established Indian networks and reach a wider audience. Indian companies also benefit from global brands and expertise, say analysts.
Each city would get Rs 100 crore (Rs 1 billion) every year.
The United States has made "no determination" on the question of diplomatic immunity for Urban Development Minister Kamal Nath against the backdrop of the summons issued against him by a US court on a lawsuit alleging his involvement in the 1984 anti-Sikh riots.
'In the larger cities, we can see that 12%-20% of the population making use of the metros. I don't think it is happening in the smaller cities.'
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
West Bengal Chief Minister Mamata Banerjee on Wednesday hit out at the Bharatiya Janata Party-ruled central government alleging that there were attempts to suppress the cause of the train accident in Odisha.
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows. In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services. With the expectation that the number of middle-to-high-income segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.
Lakhs of voters will have to bear the searing heat when they step out to exercise their franchise in the second phase of the Lok Sabha elections on Friday.
Sitharaman said, public private partnership to be unleased to develop rail infrastructure.
He also said the party workers and citizens need not worry about his health and that he will be back among all after a brief period of rest.
The government on Monday earmarked a substantial amount to the Urban Development Ministry for spending on extension of Metro networks in Delhi, Bangalore and Chennai in the Budget 2011-12.
Deputy Chief Minister Manish Sisodia holds as many as 18 of the total 33 departments, including education, finance and home.
500 cities will be developed under AMRUT scheme.
Those transferred include special secretary of health and family welfare Udit Prakash Rai, a 2007 batch IAS officer of AGMUT cadre.
A leopard strayed into a village in north Delhi's Wazirabad early on Monday, creating panic in the area and injuring eight residents before being tranquillised by forest department officials after an over five-hour-long rescue operation.
'Mayawatiji no more controls the bahujan vote in UP.' 'In this election more than 40 per cent of the BSP's core voters blessed the SP without the SP even asking for it.'
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
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Some experts believe that building new cities may not be the answer to India's swelling urban population.
Sinha said that he was not invited for "any party events, rallies or organizational meetings".
'When manufacturing or even services cannot generate the kind of employment they are looking for, they prefer to be unemployed rather than under-employed.'
The court issued notices to the state government and local authorities and also sought a status report in the matter by November 14.
Maharashtra Minister Aaditya Thackeray on Thursday said the process of setting up a single planning authority for Mumbai is underway.
The Delhi Development Authority (DDA) has issued notices to Hindu refugees from Pakistan who live near Gurudwara Majnu Ka Tilla in the Yamuna floodplain area asking them to vacate the place, locals claimed on Wednesday.
The Maldives will get free 'non-lethal' military equipment and training from China's military under a newly inked agreement with Beijing, President Mohamed Muizzu has said, underlining that it would further strengthen the Indian Ocean island nation's independence and autonomy.
Prime Minister Narendra Modi has been holding in-person meetings with Union ministers in different groups apparently to take stock of the work done by them in the past two years, sources said.
According to the list being finalised by the Central Public Works Department, about 10 politicians and senior bureaucrats, who have been found violating building norms in the LBZ, may get relief from the Urban Development Ministry. The ministry will grant the relief to VIPs like former Deputy Prime Minister and senior BJP leader L K Advani, Union Ministers Suresh Pachouri and Kumari Selja, former Governor of Maharashtra P C Alexander and IB Director P C Haldar.
In this exclusive interview with Rediff.com's Shobha Warrier from Jaipur, Dr Gupta talks about the study and what the urban population to do to fight hypertension.
'The BJP used Shinde and Shiv Sena to decimate Uddhav Thackeray, humiliate him by taking away his party as well as party symbol.' 'The Shiv Sena and Eknath Shinde have served their purpose.'
'If we want real democracy, the economy itself will need to be democratised.'
Patel's elevation to the coveted post is being attributed to his closeness to former Gujarat chief minister and current Uttar Pradesh Governor Anandiben Patel. Both have residences in the same locality in the city.
The move comes after Union minister M Venkaiah Naidu on Monday resigned after he was chosen as the National Democratic Alliance's candidate for the vice presidential election.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
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