Under the TMC, Bengal has seen expansion of welfare, but not big-ticket private investment.
Delhi Police busted an illegal forex trading call centre in Indore, arresting six individuals involved in defrauding victims nationwide through fake online investment schemes. The syndicate allegedly used a fake trading platform to lure people into investing in forex and online trading products, showing fabricated profits and gains.
Delhi Police have arrested an immigration consultant accused of defrauding a woman of approximately Rs 1.83 crore by falsely promising Canadian immigration through a business investment programme.
Delhi Police have arrested two individuals involved in an investment scam where a local resident was cheated of Rs 1.60 lakh. The investigation has linked the accused to a broader cyber fraud network with transactions worth approximately Rs 68 lakh across multiple states.
Global brokerage Bernstein has issued a cautionary note, stating that India risks 'under-delivering on its potential' unless it addresses key policy bottlenecks and structural risks, including employment challenges from AI, limited manufacturing gains, and rising welfare spending.
This includes an infrastructure push which may lead to the government spending more than its budgeted capital expenditure for 2020-21. There are also discussions on increasing the scope and quantum of direct cash transfers to the beneficiaries who need it the most.
Delhi Police have registered an FIR concerning allegations of a 'ticket-for-money' scheme involving individuals connected to the Congress party, following a complaint by a Haryana-based man who claims he was asked to pay substantial amounts to secure an election ticket for his wife.
Senior BJP leader Smriti Irani has criticised the TMC government in West Bengal, alleging corruption and failure to ensure women's safety. She promised a monthly cash support of Rs 3,000 for every woman if the BJP is voted to power.
Anna Hazare on Monday became the latest voice to oppose United Progressive Alliance government's electronic cash transfer policy, alleging it would would just help Congress cadres and not the poor man.
Governments should move away from universal subsidies towards tightly targeted transfers, backed by stricter eligibility norms, sunset clauses and periodic audits to curb leakages and improve spending efficiency, a joint study by Asian Development Bank and PwC has recommended.
Rajasthan Police have dismantled a cyber fraud racket operating from a remote island in Dungarpur district, arresting 12 individuals involved in offering fake escort services and scamming victims across the country.
'The BJP successfully merged governance with identity. That's a powerful combination in Assam's political context.'
Delhi Police have arrested two men in connection with separate cyber investment fraud cases involving over Rs 74 lakh. The accused were involved in luring victims into investing in fake stock trading and IPO platforms.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in connection with an alleged fraud of Rs 71.6 lakh. The company claims the FIR is false and a conspiracy against them.
Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
Two co-founders of the cryptocurrency exchange platform CoinDCX have been arrested by Thane police in connection with an alleged fraud of Rs 71.6 lakh. The arrests follow an FIR filed against the founders for cheating, criminal breach of trust, and fraud.
Two senior Bihar government officers are under investigation after the Economic Offences Unit (EOU) discovered property documents, cash deposits, and valuable items allegedly disproportionate to their known income.
As the government gets ready to roll out its ambitious cash transfer of subsidies scheme on January 1, Veenu Sandhu, Santosh Tiwari & Indulekha Aravind get on the ground to investigate how the experiments are working out.
Delhi Police have arrested two individuals from Rajasthan for allegedly defrauding a Delhi resident of over 21 lakh through a high-return online investment scam. The accused lured the victim with promises of lucrative returns and prepaid tasks.
A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.
The Jammu and Kashmir Police's Counter Intelligence Wing (CIK) has dismantled a sophisticated international cyber fraud racket, arresting seven individuals in Srinagar. The operation targeted victims in the USA, UK, and Canada, using advanced techniques to steal funds through deceptive online schemes.
The seeding of LPG database with Aadhar numbers is above 55 per cent and overall Aadhar penetration is 90 per cent in these districts.
State debt is rising because revenues are disappointingly weak. Ten states have debt ratios exceeding 30 per cent. In 2023-2024, states were borrowing simply to meet day-to-day expenses, points out Debashis Basu.
'Women from all castes and religions voted for Nitish Kumar as it was his last election.'
'Bihar's voters' electoral memory is long, and their evaluations are relational; who came to the village, who followed up, who resolved a problem.'
'MGNREGA was about a guaranteed right to work.' 'The new law does not guarantee employment at all.' 'It removes everything that made MGNREGA a legal guarantee.'
'The campaign by the Mahagathbandan has failed to capture the imagination of the electorate given the fatigue factor with the Nitish government.'
'...the electoral playing field is tilted significantly in its favour.'
To kick-start the work under MGNREGA after the lockdown is lifted, the government has already prepared plans and states have also submitted their work plans.
NPS Vatsalya offers a disciplined investment avenue that parents can use to create intergenerational wealth by contributing even small sums.
'Nitish Kumar previously held tight control over key ministries, but this concession (giving the home portfolio to the BJP) reflects either his weakened political position or a pragmatic acknowledgment of the BJP's growing dominance.'
Rs 7,024 cr transferred under LPG cash subsidy scheme.
'If the RJD loses it would be out of power for nearly 25 years. Meanwhile, the JD-U will have survival issues if it gets less number of seats.'
This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.
The Securities and Exchange Board of India (Sebi) on Wednesday overhauled the cost framework for the 80 trillion domestic mutual fund (MF) industry, introducing a simplified structure aimed at improving transparency for investors while balancing the impact on asset managers.
Families with tax-paying members, government employees, professionals, among those who have been exempted from the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
RJD leader Tejashwi Yadav promised that if the INDIA bloc comes to power in Bihar, it will ensure every family has a member with a government job, enacting legislation within 20 days of forming the government.
'Removing Nitish Kumar prematurely risks unsettling both the alliance balance and parts of the social coalition that delivered this victory.'
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
Vedanta, a conglomerate in mining and metals, has seen a surge in its share price on the back of multiple triggers. Its demerger appears to be on track, a strong non-ferrous commodity cycle is boosting margins, and silver bulls are interested in Hindustan Zinc, its subsidiary.
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