The parliamentary committee scrutinising the Waqf bill is set to propose that existing 'Waqf by user' properties will remain so if not in dispute or are government facilities but they must be registered before the new law takes effect, providing little relief to Waqf bodies in their unverified title claims.
'I think it will be terrible for all those countries who worked so hard to get the Test status.'
Paraphrasing Abraham Lincoln, Finance Minister Nirmala Sitharaman on Sunday described the Union Budget as "by the people, for the people, of the people", and said Prime Minister Narendra Modi was fully behind the idea to cut taxes for the middle class but it took time to convince the bureaucrats. "We have heard the voice of the middle class" who had been complaining about their aspirations not being met despite being honest taxpayers, she told PTI in an interview.
Of the total 199 small and medium enterprises (SMEs) listed this year so far, 22 had an issue size of less than Rs 10 crore, which the Securities and Exchange Board of India (Sebi) will no longer allow in the listed ecosystem after its recent consultation paper. The market regulator on Tuesday proposed an overhaul of the rules governing the initial public offerings (IPOs) of SMEs and corporate governance norms for listed SMEs, following concerns over 'systemic risk' seen in the ecosystem with instances of fund diversion and price manipulation.
All opposition members of the parliamentary panel on the Waqf Amendment Bill were suspended for a day on Friday amid continuous protests and accusations against Chairman Jagdambika Pal of steam-rolling through the proceedings.
The Cabinet meeting and the holy dip comes on a day that marks the first anniversary of the consecration ceremony of the Ram temple in Ayodhya.
Descendants of Netaji Subhas Chandra Bose claim they have documentary evidence to prove that the Renkoji temple authorities in Japan have always been willing to hand over the 'ashes' believed to be his, refuting perceptions of roadblocks to their repatriation. They assert that successive Indian governments have shown little interest in retrieving the remains and conducting DNA tests, despite numerous appeals from the family. The article highlights the conflicting reports and controversies surrounding Netaji's death and the ongoing mystery surrounding his remains.
The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.
For a film with such a grand vision, Sangeet Manapmaan needed more flamboyance to make it a memorable affair, feels Mayur Sanap.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
President Droupadi Murmu, in her address to the nation on Republic Day, advocated for the "One Nation One Election" initiative, emphasizing its potential to enhance governance and reduce financial burdens. She highlighted the government's efforts to eliminate remnants of colonialism, citing the replacement of British-era criminal laws with modern alternatives. Murmu also lauded India's economic progress, stressing the importance of inclusive growth and social welfare. She urged citizens to remember the sacrifices of freedom fighters and reaffirmed the significance of the Constitution in guiding India's journey towards a prosperous and equitable future.
Metropolitan Stock Exchange of India (MSE) plans to raise Rs 120 crore from investors in an attempt to stay afloat. The beleaguered exchange's board has approved issuance of 1.19 billion equity shares of face value Rs 1 at a premium of Rs 1 through private placements, according to a disclosure on its website.
'In Independent India's politics you will not find any leader of a political party who has not contested elections or not held a powerful post.' 'It was only Balasaheb who never contested elections or held a post.' On the occasion of Balasaheb Thackeray's 99th birth anniversary, close aide Subhash Desai recalls vignettes about the Shiv Sena founder.
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
China has reiterated its plan to build the world's largest dam over the Brahmaputra River in Tibet, near the Indian border. The Chinese Foreign Ministry has assured that the project, estimated to cost around USD 137 billion, will not have any negative impact on downstream countries, India and Bangladesh. The ministry has stated that the project has undergone rigorous scientific verification and will be conducive to disaster prevention and mitigation, as well as climate change response. India has expressed concerns about the dam, raising the issue during talks with the visiting US National Security Advisor, Jake Sullivan. China has maintained that the project will not negatively affect the lower reaches and has committed to maintaining communication with downstream countries.
In 2024, the National Payments Corporation of India (NPCI) approved 20 third-party Unified Payments Interface (UPI) applications, a record since UPI's launch in 2016. This surge reflects growing interest from financial technology (fintech) companies, driven by the integration of credit products like UPI-linked credit cards and pre-approved credit lines.
Debt mutual fund (MF) schemes are set to register the best calendar year (CY) performance in the last four years despite no changes in the interest rate. An analysis of one-year performance of debt funds show that many of the schemes are set to deliver double-digit returns in CY 2024.
The Supreme Court of India has ordered a status quo on a private well located near the entrance of the Sambhal Jama Masjid, prohibiting any action regarding the well without its permission. The order came in response to a plea by the mosque's management committee, which challenged a lower court order that allowed a survey of the mosque, citing concerns over violence and loss of life during previous surveys. The court also instructed the authorities to file a status report within two weeks.
'Without his vision and foresight, his willingness to take a risk that no one else was willing to take, his deep and abiding love for India, the Indian automobile industry could not have become the powerhouse that it has become.'
The National Green Tribunal has been informed by the Uttar Pradesh government's environment department that over 1.12 lakh trees will be felled in the protected forest area in the state to make way for the upcoming Kanwar Yatra route.
The Devendra Fadnavis-led ministry in Maharashtra has successfully passed a trust vote in the state assembly, securing a commanding majority of 230 seats in the 288-member house. The BJP-Shiv Sena-NCP 'Mahayuti' coalition, with a majority mark of 144, had a comfortable win with the support of smaller parties and independent MLAs. The trust motion was tabled by Shiv Sena MLA Uday Samant and others, and was passed by a voice vote. The 15th legislative assembly began its tenure on December 7, and the floor test was considered a mere formality. Fadnavis was sworn in as the chief minister for the third time on December 5, with Eknath Shinde and Ajit Pawar as deputy chief ministers.
The construction at the international stadium at Narsingarh began way back in 2017 with an estimated cost of Rs. 185 crore but the stadium is not yet ready.
Dr Manmohan Singh, the architect of India's economic reforms, had to literally face a trial-by-fire to ensure widespread acceptance of his path-breaking Union Budget of 1991 that saw the nation rise from its darkest financial crises.
BP Plc has won a bid to operate ONGC's giant Mumbai High oil and gas field by offering up to 60 per cent increase in output over baseline, the state-owned firm said on Wednesday. State-owned Oil and Natural Gas Corporation (ONGC) had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields, offering a share of revenue from incremental production plus a fixed fee but not any equity stake.
There is an imperative need for holding simultaneous elections for various reasons as polls have become expensive and time-consuming, according to the proposed bill being brought to implement the ambitious 'one nation, one election' plan.
It would be a challenge to India's policy makers how to deal with Trump so that mutual economic growth remains sustained and mutual understanding on global issues are not hampered, observes Dr Rajaram Panda.
If the fiscal deficit target of 4.9% of GDP has to be met for 2024-2025, which the government must in view of the uncertainties and challenges emerging both domestically and globally, the finance ministry may see in the composition of the current year's capex a sliver of hope, notes A K Bhattacharya.
Farmer representatives and agricultural stakeholders urged the government to provide cheaper long-term credit, implement lower taxes, and double the PM-KISAN income support during a comprehensive pre-budget consultation with Finance Minister Nirmala Sitharaman on Saturday. The two-hour meeting saw a detailed discussion of proposals, aimed at addressing multiple challenges in the agricultural sector, with key demands focusing on financial relief, market reforms, and strategic investments.
The ruling Bharatiya Janata Party on Thursday took a major step to implement its key plank of "one nation, one election" as the Union Cabinet headed by Prime Minister Narendra Modi approved the constitutional amendment bill to roll out the concept of simultaneous Lok Sabha and state assembly polls, sources said.
The Delhi High Court has set aside the Centre's order cancelling the Overseas Citizen of India card of a US-based professor, saying the notice lacked specific details or evidence supporting the allegations of "anti-India activities." The court ruled that the professor was deprived of a fair chance to present a defense, violating procedural fairness and principles of natural justice. The court has directed authorities to issue a fresh notice with specific grounds and allow the professor to respond before making a decision on his entry into India.
The proposed first constitutional amendment bill would deal with making provisions for holding Lok Sabha and state legislative assembly elections together.
The Supreme Court on Monday expressed its displeasure at the Delhi High Court Bar Association for questioning the representation of women judges in the top court while arguing for reservation for women lawyers in the high court bar. The court refused to hear further arguments from the bar body and set November 29 for final arguments on the issue of reservation. The court had previously directed the DHCBA to reserve the post of treasurer for a woman and consider reserving one more post for a woman in the five-member office-bearer body. It had also directed that at least three out of the 10 executive members be women, with at least one being a senior designated advocate.
Both Lawrence and Anmol Bishnoi have been named as wanted accused in the April 14 firing incident outside the Bollywood actor Salman Khan's Galaxy Apartment in Mumbai's Bandra area.
Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, on Thursday scrapped a Rs 600 million bond issue after its promoter was charged in an alleged bribery case in the US. Hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over Rs 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.
'There has been a spurt of algo platforms, and algo developers, which are neither empaneled nor regulated, but are still active in the ecosystem.'
'It is just not possible that while Pakistan keeps on going and playing all events in India, the Indian authorities are not willing to send their team to play in Pakistan.'
The Securities and Exchange Board of India (Sebi) on Tuesday announced that the top 500 stocks will be eligible for the same-day settlement cycle (T+0) in a phased manner. This move is seen as a fresh push to ready the market ecosystem to speed up the settlement cycle, which currently stands at T+1.
'...still have lost the 2014 Lok Sabha polls but could have won 140 seats.'
Punit Goenka, the former director of Zee Entertainment Enterprises, is not the only one who lost his board seat due to shareholders' activism last fortnight. In recent past, institutional shareholders of several companies, including Nestle and Wipro, have pushed back against board proposals by taking an aggressive stance while voting.
It also cautioned that if the legislation is passed, the "two crutches" on which the Bharatiya Janata Party-led government is running at the Centre would not be able to escape responsibility.
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