False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
India has already become the world's fifth largest economy in the 75th year of Independence and will reach the $3.5 trillion mark by end-March, said the Economic Survey tabled in Parliament on Tuesday. In real terms, the economy is expected to grow at 7 per cent for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year.
BJP sources said a meeting of the National Democratic Alliance is expected to take place soon to highlight its growing strength and to dispel the impression that the departure of some of its oldest allies such as the Uddhav Thackeray-led Shiv Sena, Shiromani Akali Dal and the Janata Dal-United have the left the saffron party without a major partner.
The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.
'Decisions on nuclear power have so far been taken by a small select group, primarily interested in profiteering from their actions, stating 'secrecy' as necessary from the national security point.' 'This argument is false, because we are dealing with the 'civilian' nuclear power sector, which is open even to the IAEA,' says Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
"At a time when the people of the country are struggling with shortage of oxygen, vaccines, hospital beds, medicines, it would be better if the government deploys all resources in saving the lives of the people, instead of building a new house for the PM at Rs 13,000 crore," Priyanka Gandhi said in a tweet in Hindi.
For fiscal year FY23, the 2022 Union Budget had targeted a capex outlay of Rs 7.5 trillion, which is 35.4 per cent higher than the FY22 Budget Estimate of Rs 5.54 trillion.
Narendra Modi's new team includes a former cabinet colleague from his days as Gujarat CM, an academic and a sadhvi.
Yoga was the mantra and asanas the discipline on Wednesday as millions across the globe and distant corners of India stretched for the skies and dived for their toes, breathed in and out -- mindfully -- and twisted and turned to celebrate the International Day of Yoga.
In her first address to the joint sitting of Parliament as the Budget session began, she said 'Amrit Kaal', described by the government as the 25-year period culminating in the centenary of India's independence, is the time to build an India which is 'aatmanirbhar' (self reliant) and also fulfils its humanitarian obligations.
India's economy is projected to slow to 6.5 per cent in the fiscal year starting April but will remain the fastest growing major economy in the world as it fared better in dealing with the extraordinary set of challenges the globe has faced, the Economic Survey 2022-23 said on Tuesday. India's gross domestic product (GDP) growth of 6.5 per cent in 2023-24 compares with an estimated 7 per cent expansion in current fiscal year (April 2022 to March 2023) and 8.7 per cent in the previous year. Like the rest of the world, India too faced an extraordinary set of challenges in tightening financial conditions and supply chain disruptions from a prolonged war in Europe but "withstood them better than most economies", the annual document detailing the state of the economy said.
The Centre had, in an affidavit filed in the apex court earlier, said it had issued a letter on April 18 to all states inviting comments and views on the "seminal issue" raised in these petitions.
'In light of the events in Israel, Foreign Minister Cohen decided to cut short his diplomatic visit to India and return to Israel after the meeting with Indian Prime Minister Narendra Modi that will take place today'
The BJP is soon likely to announce new positions for the senior former Union Ministers Ravi Shankar Prasad and Prakash Javadekar, sources said.
The Bharatiya Janata Party has raised the number of "difficult" Lok Sabha seats it is eying to win in the 2024 Lok Sabha polls to 160 from 144, with a big chunk of additions coming from Bihar where it is set to contest most of the constituencies on its own following its split with the Janata Dal-United.
We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.
The submissions were made in an affidavit filed in response to a batch of pleas challenging the Centre's 2016 demonetisation decision.
Sticking with the Brahmin-OBC combination for deputy chief ministers, Brajesh Pathak and Keshav Prasad Maurya took oath on Friday as deputies of Uttar Pradesh Chief Minister Yogi Adityanath.
Banerjee, who met party MPs, discussed various issues that need to be brought up in Parliament, including the Nagaland tragedy in which 13 civilians were killed in firing by security forces, the COVID-19 situation and the suspension of 12 Rajya Sabha members.
Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday
The Union Cabinet held its first physical meeting in over a year on Wednesday. Notably, Prime Minister Narendra Modi held the first meeting with the Council of Ministers virtually after the Union Cabinet reshuffle on July 7.
The bold decisions are part of the Congress 'Nav Sankalp' declaration that was adopted at the end of the three-day 'Chintan Shivir in Udaipur, indicating that the party has chosen to put its weight behind the young leadership after a prolonged old-versus-new tussle.
During a cabinet meeting earlier in the day, Modi lauded both Naqvi and Singh for their contributions to the country during their ministerial tenure, sources said.
The Centre plans to repeal the existing 80-year old Coffee Act and has proposed a new "Coffee (Promotion and Development Bill), 2022" to promote development of the Indian coffee industry. Through a new law, the government aims to modernise the functioning of the Coffee Board of India that is responsible for boosting production and the quality of Indian coffee, push exports and support the development of the domestic market. The Bill is likely to be introduced in the ongoing session of the Parliament.
The redevelopment project of the Central Vista -- the power corridor of the country -- envisages a new triangular Parliament building, a Common Central Secretariat and the revamping of the three-km-long Rajpath from the Rashtrapati Bhavan to India Gate and new residences for the prime minister and the vice president.
"Peeche peeche aana hai (follow right behind)," was the message from Amit Shah to Tamil Nadu Chief Minister Edappadi K Palaniswami and Deputy CM O Panneerselvam, reports R Rajagopalan. There has been no discussion on the portfolios to be allotted, and it has been left to the discretion of the prime minister, reports R Rajagopalan.
"I congratulate all the colleagues who have taken an oath today and wish them the very best for their ministerial tenure. We will continue working to fulfill the aspirations of the people and build a strong and prosperous India," the PM posted on Twitter.
Leading the Opposition attack over the Adani-Hindenburg issue in the Lok Sabha, Rahul Gandhi on Tuesday linked Gautam Adani's meteoric rise to Prime Minister Narendra Modi's coming to power and said "magic" happened after 2014 that propelled the businessman from the 609th to the second spot on the global rich list.
The government should not go in for an 'aggressive fiscal consolidation' in the upcoming Budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Wednesday. Goyal further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month.
From the enactment of the capital control Act to the recognition of the BSE as a stock exchange and the infamous Harshad Mehta scam, here are the 18 biggest events for stock markets from 1947 to 1993.
'More than 1,000 schools and colleges have been identified in border and coastal districts where NCC will be introduced.'
A statement to this effect was made in Patna by RCP Singh, a close aide of Kumar, amid buzz on cabinet expansion at the Centre.
The usual hugging and handshaking between the leaders after the conclusion of the oath-taking ceremony were missing as leaders preferred to greet each other with folded hands.
The average age of the new Union council of ministers has reduced to 58 years from 61 years previously following Wednesday's reshuffle.
'In the course of my interactions with him, Modi insisted that he does not believe charisma alone can sustain people's trust for long.' 'That is why Modi consistently refers to Mahatma Gandhi to contextualise his politics.' 'He believes in taking his ideas to the masses and getting their acceptance as an index of approval.'
A revealing excerpt from Ajay Singh's The Architect of the New BJP: How Narendra Modi Transformed the Party.
In this round, the market has won. But it is still for Gautam Adani to decide whether he has lost or not, argues Shekhar Gupta.
India's gross domestic product (GDP) growth slowed to 4.1 per cent in January-March 2022 period, while for the full year 2021-22 the growth stood at 8.7 per cent, according to the government data released on Tuesday. GDP at constant (2011-12) prices in Q4 2021-22 is estimated at Rs 40.78 lakh crore, as against Rs 39.18 lakh crore in Q4 2020-21, showing a growth of 4.1 per cent, as per the National Statistical Office (NSO) data. India's GDP growth has slowed for the third straight quarter.
He asked the local administration to help people with full sensitivity and asserted that the cooperation of society as well as the government is necessary to curb the pandemic.
The byelections are of critical importance to Chief Minister Mamata Banerjee, who lost the assembly poll to Bharatiya Janata Party's Suvendu Adhikari in Nandigram.
'Why do the English-speaking class feel they are the only ones who are efficient in work?' 'My own mother was from a village and she was more efficient than me. She used to handle crises better than me.' 'We will have to come out of our elite perception of governance.'
