Important for people to see India as good friend: Foreign affairs adviser
Dhaka, August 11 Bangladesh's newly-installed interim government on Sunday said it would maintain a "balanced" foreign policy, asserting that Dhaka intends to maintain "smooth and positive" relations with all, including India and China. Govt warns media over ‘misleading’ news Bangladesh's... Key Points
The TribuneTop 500 companies will not be forced for internship programme, say govt sources
New Delhi [India], July 24 (ANI): government sources have said that the top 500 companies will not be forced for the internship programme announced in the Union Budget. As outlined by Finance Minister Nirmala Sitharaman in the Union Budget 2024, the government will provide a stipend for the internships. “No company will be forced into […] Key Points
ThePrintIn Budget 2024, internship is one stone that kills two birds
The biggest issue facing the NDA government is unemployment, which has been highlighted by the Opposition in the recent general election. The government is clear about two things; it alone can't create jobs and there's a huge skill-to-demand gap. The big thrust in Budget 2024 could likely address both the issues. Key Points
India TodayBangladesh unrest: 50 killed, TV news off air as student protests over job quotas spike
Protesters are demanding the state stop setting aside 30% of government jobs for the families of people who fought in 1971 War. Television news channels in... Key Points
The Tribune India'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
ThePrintStarmer 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 IndiaIndian 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
CNNNirmala 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 TimesWeaker 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 IndiaSlow 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
ThePrintIndia'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 TimesJJP'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
ThePrintSix-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 TimesThere 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 TimesFor 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 TimesMaharashtra 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 TimesLast-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 TimesCiting 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 TimesUS 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 TimesKunal 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 TimesDearness 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 IndiaKarnataka 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 TodayShaheen 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
ThePrintSC 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
WIREDOil 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 TimesDA 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 TimesAll 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 TimesGovt 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 TimesCongress' 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 TimesWest 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
ThePrintAid 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 TimesGoogle 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
ThePrintIT 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
mintChina 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 TimesA 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 TimesS 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