News stories about "government" in India.

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'Unacceptable', says BJP after Himachal govt pares back free power scheme, excludes income tax payers

Congress had promised 300 free units of electricity before coming to power in 2022. The current scheme offers 125 free units and was launched by the previous BJP-led govt. Key Points

ThePrint

Why is Modi govt afraid of its own successes? Banking, stock market, GST hold the answer

Since 2014, the Modi government has been aggressively expanding access to banking services and encouraging participation in the stock market. Simultaneously, it has sought to substantially boost GST revenue. Key Points

ThePrint

Starmer to scrap Rwanda deportation plan

Creates ‘Mission Delivery Boards’ for Cabinet. As the newly elected British Prime Minister Keir Starmer presided over his first Cabinet meeting on Saturday,... Key Points

The Tribune India

Indian suspect in plot to kill Sikh separatist extradited to US

An Indian man suspected by the U.S. of involvement in an unsuccessful plot to kill a Sikh separatist on American soil has been extradited to the United States from the Czech Republic, according to the federal Bureau of Prisons website and a source familiar with the matter. Key Points

CNN

Nirmala Sitharaman returns as Finance Minister with analysts' votes in favour of Modi's faith in her

Modi's new cabinet: Indian Prime Minister Narendra Modi's decision to reappoint Nirmala Sitharaman as the country's finance minister signals policy continuity, reassuring market analysts. With a focus on infrastructure and fiscal discipline, Sitharaman faces the challenge of managing fiscal demands in a coalition government. Analysts predict a continued emphasis on infrastructure spending and adherence to fiscal conservatism. Key Points

Economic Times

Weaker BJP in power won't increase borrowing in July budget, says Kotak Mahindra Bank

Budget 2024: A weaker majority for Prime Minister Narendra Modi's alliance may lead to increased welfare spending without the need for additional borrowing, potentially limiting a rise in bond yields, according to a senior executive at Kotak Mahindra Bank . The government is expected to utilize a large dividend from the Reserve Bank of India for welfare schemes, rather than increasing gross borrowing in the upcoming budget. Despite concerns of populist measures, the executive rules out a supply cut in bonds and forecasts the 10-year benchmark yield to remain below 7.10% over the next six months. Key Points

Economic Times

US: Unable to assist Iran in probing Ebrahim Raisi’s copter crash

State Department cites ‘logistical reasons’. The Iranian government has requested the US to assist in probing the deadly helicopter crash that killed... Key Points

The Tribune India

Slow spending by India government may prompt more cash infusion

India's federal government spending is expected to remain sluggish for several more months, leading to potential measures to inject liquidity into the banking system. Recent actions include three short-term securities buybacks and alterations in treasury bill borrowings. Slower spending is attributed to the ongoing national election. Key Points

Economic Times

‘Missing’ Rs 1,000 for women to broken drug vow — 5 reasons AAP faces tough test after 2 yrs in Punjab

AAP's two-year record in Punjab is under scrutiny from voters as the state gears up to vote for Lok Sabha elections on 1 June. ‘Broken promises’ from 2022 could cost the party. Key Points

ThePrint

India's FY24 fiscal deficit seen slightly better than projected: Source

India's fiscal deficit for the year ending March 2024 is anticipated to surpass the government's estimate of 17.35 trillion rupees, with increased tax revenues contributing to the improvement. The income tax receipts surged by 17.7% year-on-year to nearly $235 billion, exceeding projections. The government aims for a fiscal deficit of 5.8% of GDP for the year, with further details expected upon the release of fiscal data on May 31. Key Points

Economic Times

JJP's Dushyant Chautala says he'll back Congress in no-trust motion against Haryana's BJP govt

Chautala should parade 10 MLAs before governor to prove intent, says Bhupinder Singh Hooda. Ball in Hooda's court, JJP to give outside support to his government, retorts Chautala. Key Points

ThePrint

In Haryana, BJP's ex-ally Dushyant Chautala calls for floor test, Congress seeks time with governor

JJP's Chautala writes to Governor saying BJP govt has lost majority in House. Meanwhile, Congress is looking to submit memorandum to Governor on state's political situation. Key Points

ThePrint

Six-week long election leaves RBI with liquidity dilemma

Voting in India's national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls and picks up only after a new government is in place and a budget is presented. Key Points

Economic Times

There can't be shortage of Polio vaccine; Serum Institute can make it: CEO Adar Poonawalla

Pune-based Serum Institute of India (SII) is prepared to increase production of injectable poliomyelitis vaccine (IPV) to fill the gap left by France's Sanofi closing its manufacturing plants in India. SII currently supplies half of the 20 million IPV doses to the government's immunization program and can provide additional doses with a 3-4 month notice. Adar Poonawalla, SII CEO, stated that supplying IPV to the government at current prices is unviable for most companies, but SII continues to do so as a service to the nation. Key Points

Economic Times

For PSB employees, stock may be an option; decision on proposal likely after elections

The proposal to offer employee stock ownership plans or ESOPs, has been on the backburner for a while but it may advance after the Lok Sabha polls, said people familiar with the development. “There have been talks with government last month on issues pertaining to PSBs, including ESOPs,” abank executive said, adding that lenders will soon present a framework to the government. Key Points

Economic Times

Maharashtra govt maintains status quo on property ready reckoner rates

Ready reckoner rates are crucial for property transactions, aiding in income tax capital gains calculations and stamp duty payments to the state government. These rates are tied to municipal corporation premiums, charges, and floor space index (FSI) rates, typically revised at the start of each financial year. Key Points

Economic Times

Maize prices surge, procurement for ethanol may be hit

Government's maize procurement for ethanol impacts prices, leading to concerns over reduced state procurement. Farmers may opt for private traders due to high prices. India promotes maize as a sugar alternative for ethanol production amid declining sugar production. Key Points

Economic Times

Last-minute tax-saving investment: Will investing in PPF and SSY on March 30 and March 31 qualify for tax

Tax savings options available on March 30 and 31st: Individuals who want to make any tax savings investments in various government schemes like public provident fund (PPF), Sukanya Samriddhi Yojana (SSY) and others can do so online and offline as banks are open on March 30 and 31st. Read here to know more. Key Points

Economic Times

Citing International Labour Organization & Institute for Human Development report, Congress targets Modi g

The Congress criticized the Modi government over rising unemployment, citing the India Employment Report 2024 by ILO and IHD. Congress president Mallikarjun Kharge called it a ticking bomb and criticized the government for not addressing the issue. Jairam Ramesh highlighted concerns over the past decade, noting minimal employment growth despite new job entrants. He also pointed out high urban and rural youth unemployment rates and a shift towards low-paying informal jobs without social security under the Modi government. Key Points

Economic Times

US House passes $1.2 trillion spending bill, sends to Senate

The Republican-controlled U.S. House of Representatives on Friday passed a $1.2 trillion bill to keep the government funded through September, leaving the Democratic-majority Senate hours to act before a partial government shutdown deadline at midnight. Key Points

Economic Times

Kunal Kamra seeks interim stay on Fact-Checking Unit under IT Amendment Rules in Supreme Court

Kunal Kamra moves Supreme Court seeking interim stay on Fact-Checking Unit (FCU) under amended IT Rules 2023 to identify fake content against government. Bombay High Court earlier refused to grant stay on FCU setup. Key Points

mint

BJP propagated lies, people have faith in us: Ashok Gehlot

Former Rajasthan CM Ashok Gehlot accused BJP of spreading falsehoods to gain power. He urged public support for Congress in the upcoming Lok Sabha polls, promising to advocate for their concerns in and outside the legislative bodies. Key Points

Economic Times

Dearness Allowance hiked to 50%: Top things central government employees should know about DA hike, change in HRA

India Business News: The latest increase by the government has raised central government employees' Dearness Allowance (DA) to 50%. This means they will receive a 4% raise in their DA. Similarly, pensioners will also see their dearness relief (DR) rise by 4% to 50% to help offset the increase in prices. Key Points

Times Of India

Karnataka raises DA to 42.5% from 38.75% for state govt employees

Siddaramaiah announced that the hike will also be applicable to pensioners as well. The hike will be effective from January 1, 2024. Key Points

Business Today

Shaheen Bagh roared against CAA 4 yrs ago. Now there’s an uneasy quiet, ‘no intentions to protest’

At Jamia Millia Islamia, students are speaking out against the implementation of the contentious law. Campus under heavy police and paramilitary deployment since govt announcement. Key Points

ThePrint

SC suggests Centre to be liberal on relaxing borrowing conditions to Kerala

The Supreme Court suggested that the Centre should be liberal and offer a one-time package as a special case to Kerala, subject to harsher conditions than other states. The court recommended providing the special package to Kerala by March 31, subject to stringent conditions. Earlier, Kerala had filed a suit against the Centre over financial matters, arguing against interference in the state's finances. Key Points

Economic Times

The 4 Big Questions the Pentagon’s New UFO Report Fails to Answer

The Pentagon says it’s not hiding aliens, but it stops notably short of saying what it is hiding. Here are the key questions that remain unanswered—some answers could be weirder than UFOs. Key Points

WIRED

Oil Min counters Rs 399-414 LPG cylinder price during UPA govt vs Rs 803 under BJP rule with 'where was ga

Oil Minister Hardeep Singh Puri has criticized the opposition Congress' statement of providing cooking gas at Rs 399-414 per cylinder, compared to the Rs 803 rate for general customers and Rs 503 for Ujjwala beneficiaries under the BJP. Puri argued that the pricing under the UPA government was neither here nor there due to scarce availability and the subsidy going to the undeserving. Key Points

Economic Times

DA hiked to 50%, HRA, other components to rise: How much will salary increase for central government emplo

What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central government pensioners. As DA hits 50%, certain other allowances and components will also go up. So, overall take-home salary of the central government employees will increase significantly. How much will salary increase for central government employees, pensioners? Find out here Key Points

Economic Times

All you need to know about the decisions taken by the Cabinet today

.​Thursday's announcements come in the run-up to the Lok Sabha polls, likely to take place in May, this year. On other fronts, the Central government is currently in a tug-of-war with scores of farmers who are protesting to avail legal support for minimum support prices as well as loan waivers. ​ Key Points

Economic Times

Govt extends ₹300 LPG subsidy for Ujjwala beneficiaries till 2025

The government had in October last year hiked the subsidy from ₹200 per 14.2-kg cylinders for up to 12 refills per year to ₹300 per bottle. | Latest News India Key Points

Hindustan Times

Cabinet approves 'India AI Mission' with an outlay of Rs 10,371.92 cr for five years

The Union Cabinet has approved a Rs 10,371.92 crore 'India AI mission' for five years to promote Artificial Intelligence in India. The mission aims to establish a comprehensive ecosystem for AI innovation, democratize computing access, improve data quality, develop indigenous AI capabilities, attract top talent, enable industry collaboration, provide startup risk capital, ensure socially impactful AI projects, and bolster ethical AI. Key Points

Economic Times

Congress' Rahul Gandhi promises five guarantees for Lok Sabha polls in counter to 'Modi Ki Guarantee'

Rahul Gandhi counters BJP's 'Modi ki Guarantee' with five 'Congress Guarantees' for Lok Sabha polls, including MSP for farmers, gig workers' social security, startup fund, government job creation, and curbing exam paper leaks. He criticizes PM Modi for job scarcity and promises to fill 30 lakh vacant government posts if elected. Congress also plans a 'right to apprenticeship' to equip youth with skills for employment. Key Points

Economic Times

West Bengal govt moves SC against CBI probe into attack on ED officials in Sandeshkhali

At the outset, the plea was mentioned by senior advocate Abhishek Singhvi, appearing for the West Bengal government. He said the CBI wanted immediate compliance of HC order. Key Points

ThePrint

Aid for women not 'revdi'; using taxes for welfare, says Atishi

The Delhi government has launched the Mukhyamantri Mahila Samman Yojana, providing ₹1,000 per month to women above 18. Delhi finance minister Atishi defended the initiative, stating that it empowers women and boosts the economy. She challenged the BJP to replicate their success in running state governments. Key Points

Economic Times

Google apologises to Indian govt over Gemini's inappropriate comment about PM Modi: Story in 5 points

Google has issued an apology to the Indian government over the controversial comments made by its AI platform, Gemini, regarding Prime Minister Narendra Modi. Here's the full story in five points. Key Points

India Today

Shinde-led Maharashtra govt plans Rs 84 cr special publicity drive ahead of Lok Sabha polls

Drive will give info about schemes, projects & development works undertaken in 2023-24. Specific budgets are set aside for different media, with largest share for outdoor advertising. Key Points

ThePrint

IT Minister for State responds to Google's apology over Gemini's controversial remarks on PM Modi: Here's what he said

The Google Gemini AI platform controversy in India intensifies as Union Minister Rajeev Chandrasekhar expresses dissatisfaction with Google's apology. The government seeks accountability for biased responses, emphasizing the need for strict regulations in AI deployment. Key Points

mint

China will be in Modi's crosshairs if he wins a third term

The Modi government aims to make India the world's third biggest economy and a competitive rival to China. It focuses on boosting domestic manufacturing, merchandise exports, and reducing import duties. India plans to emerge as a global semiconductor manufacturing powerhouse. The pandemic and geopolitical factors have forced the Western world to move supply chains away from China which has been their factory for a long time, supplying a large number of manufactured goods. Key Points

Economic Times

A look at what PM Narendra Modi is planning to do in his potential third term, as per his adviser

India's Prime Minister Narendra Modi's government aims to enhance manufacturing, focusing on export-oriented sectors facing high import duties to boost competitiveness, according to government adviser Arvind Virmani. The government plans to reduce trade barriers, improve output-linked incentive plans, and identify sectors for duty reduction. The move aligns with efforts to attract manufacturers through incentives like tax cuts and capital support. Key Points

Economic Times

S Korean doctors protest new medical admission policy

Seoul: Thousands of senior doctors rallied in the South Korean capital, Seoul, on Sunday to express their support for junior doctors who have been on... Key Points

The Tribune India

What is Viksit Bharat 2047, PM Modi's plan ahead of Lok Sabha elections 2024? 5 things to know

PM Modi chaired a meeting of his Council of Ministers to discuss 'Viksit Bharat: 2047' vision document and 100-day agenda for new government. The roadmap involves all ministries and consultations with various stakeholders. Key Points

mint

Café Blast: State will hand the case to NIA if needed, says CM Siddaramaiah

The incident has left 10 persons injured and one person has lost an eye. The government has announced it will meet the treatment expenses of all the injured persons. Key Points

Economic Times

Centre signs tripartite agreement with Tipra Motha, Tripura govt

The tripartite agreement brings a lasting solution to the problems of indigenous people in Tripura. It respects history, corrects past wrongs, safeguards rights, and ends the 'fast-unto-death' of Tipra Motha supremo Pradyot Debbarma, providing a permanent solution. 11 peace and boundary settlement agreements have been signed in Northeastern states under PM Modi's government. Key Points

Economic Times

Two top officials explain the 'divergence' behind India's stunning growth numbers

GVA, which is a measure of the total value of goods and services produced in the economy and excludes indirect taxes and subsidies, grew 6.5%, prompting economists to say that GDP data overstated growth trends. Key Points

Business Today