India's political landscape is ablaze with activity! From the ongoing debates surrounding the new farm bills and their impact on rural India, to the upcoming state elections shaping the national narrative, the stakes couldn't be higher. Key political figures are maneuvering strategically, with alliances shifting and power dynamics constantly in flux. The opposition's challenge to the ruling party is intensifying, sparking vigorous debates on crucial policy matters including economic reforms and social justice initiatives. Parliamentary proceedings are filled with heated exchanges, reflecting the deep divisions within the nation. This evolving political climate directly impacts the lives of every Indian citizen, influencing everything from economic opportunities to social welfare programs. Stay informed about the latest developments in Indian politics, from crucial legislative decisions to grassroots movements, by exploring Abtak.com for in-depth analysis and breaking news updates. Understanding the intricacies of our political system is crucial; stay engaged, stay informed, and stay ahead.
Russian President Vladimir Putin has approved the federal budget for 2025 and the planned period of 2026-2027, with a significant 25 per cent increase in military spending compared to the previous year and a special focus on the development of transport corridors Russian President Vladimir Putin has approved the federal budget for 2025 and the planned period of 2026-2027, with a significant 25 per cent increase in military spending compared to the previous year and a special focus on the development of transport corridors, including the International North-South Transport Corridor (INSTC) - the 7,200 km-long multimodal trade corridor that will link Russia with India via the ports like Chabahar. The budget is notable for its secrecy, with one-third of its expenditures concealed from public scrutiny. The document, released on the legal-acts portal, emphasises key priorities such as fulfilling social obligations, ensuring national security and defence, advancing technological sovereignty, and developing infrastructure. A total of 14 trillion rubles ($131.5 billion) has been allocated for defence, alongside 21 trillion rubles ($197.3 billion) for social policies and law enforcement and 14 trillion rubles ($131.5 billion) for national economic development over the next three years. For 2025, Russia's revenues are projected to reach approximately 40.3 trillion rubles ($378.5 billion), while expenditures are expected to exceed 41 trillion rubles ($390 billion), resulting in a deficit equivalent to 0.5 per cent of the country's GDP. Russia's GDP is forecasted to grow steadily, reaching 214.5 trillion rubles ($2.02 trillion) in 2025, 230.5 trillion rubles ($2.17 trillion) in 2026, and 248.3 trillion rubles ($2.33 trillion) by 2027. Inflation is expected to remain under 4.5 per cent in 2025 and decrease to 4 per cent in the following years. The approved budget reflects an emphasis on military needs, social welfare programs, technological development, and infrastructure modernisation. The increase in defence spending highlights Russia's commitment to strengthening its national security amidst ongoing global tensions. Earlier, Russian Prime Minister Mikhail Mishu stated that the 2024 federal budget was executed with a surplus for the first nine months. He mentioned that the three-year budget places great emphasis on achieving the national development goals outlined by the Russian President and the development of transport corridors in the Sea of Azov-Black Sea and eastern directions, as well as the International North-South Transport Corridor. "This is an ambitious goal set by the President. It is crucial for expanding foreign trade in view of the sanctions restrictions," Mishustin said at a government meeting to review the federal budget.
NEW DELHI: Delhi chief minister Atishi on Thursday described Aam Admi Party national convenor Arvind Kejriwal as a prominent leader and said he is the first leader who understood the pain of women. "Arvind Kejriwal, the prominent leader, is the first leader in the history of this country who understood the pain of women. The biggest concern for women is that they have to stretch out their hands before a man even for their humble needs. In childhood, it is before their parents, before their spous ...Read More >
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interban ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Chennai, June 7 (SocialNews.XYZ) The Chennai Metropolitan Development Authority (CMDA) has sanctioned Rs 54.36 crore to the Greater Chennai Police (GCP) under the Vada Chennai Valarchi Thittam (VCVT) to implement seven key infrastructure and welfare projects. The initiative aims to enhance police capabilities and community outreach, particularly in the northern parts of the city. The decision to allocate funds was taken following a detailed representation made by senior GCP officials to Chief Minister M.K. Stalin, who directed that the required financial assistance be provided under the VCVT ...Read More >
New Delhi, Jun 26 (PTI) Prime Minister Narendra Modi is likely to embark on a five-nation tour next week to attend the BRICS summit in Brazil and to enhance India's ties with four other nations, people familiar with the matter said on Thursday. Besides Brazil, Modi is set to visit Ghana, Trinidad and Tobago, Argentina and Namibia, they said. There is no official announcement yet on Modi's planned trip. The main focus of the trip will be his visit to the Brazilian city of Rio de Janeiro to participate in the BRICS summit on July 6 and 7. BRICS brings together 11 major emerging economies of ...Read More >
India's growth in gross domestic product (GDP) of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It undershot even the most pessimistic forecasts. It's the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. The consensus expectation stood at about 6.5% and the Reserve Bank of India (RBI) was expecting around 7% growth till its October policy, only to pare it to 6.8%. Growth in gross value added (GVA), which is the preferred measure ...Read More >
Vijayawada (Andhra Pradesh) [India], May 22 (ANI): Former Andhra Pradesh Chief Minister and YSRCP president YS Jagan Mohan Reddy on Thursday launched a scathing attack on the current TDP-led government in the State, accusing Chief Minister Chandrababu Naidu of failing to deliver on pre-election promises and engaging in financial mismanagement. The former chief minister also took aim at what he called the "yellow media" for biased reporting in favour of the ruling party. "I am not only fighting against Chandrababu Naidu but also against the 'yellow media'," Reddy said in a press conference. ...Read More >
Mumbai: The Reserve Bank of India (RBI), in its latest Monetary Policy Committee (MPC) meeting for FY2025-26, announced a 0.50 per cent cut in the repo rate, bringing it down to 5.5 per cent. Alongside this, key changes in CRR, inflation forecasts, and policy stance were also introduced to boost economic growth. Repo Rate Cut RBI reduced the repo rate by 0.50 per cent, bringing it down from 6.00 per cent to 5.50 per cent. This means loans may become cheaper for borrowers. CRR Cut for Liquidity RBI also reduced CRR (Cash Reserve Ratio) by 1 per cent, from 4 per cent to 3 per cent, to add mo ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Top bankers on Friday hailed the Reserve Bank's decision to reduce repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion. Besides this, the revision in CPI inflation to 3.7 per cent for FY26 also shows the RBI's confidence in inflation being aligned with its 4 per cent target. "The decision in CRR cut, which is expected to release Rs 2.5 lakh crore in ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
New Delhi, June 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) has chosen to frontload its rate cuts, turning to support growth amid benign inflation prospects, according to a Crisil report, which expects one more repo rate cut this fiscal (FY26), and a pause after that. The global ratings agency also expects India's GDP at 6.5 per cent this fiscal, with risks on the downside due to US tariff hikes. Crisol listed some factors which are expected to help domestic growth hold up against global tariff risks. "Positive outlook on rains and crude oil prices and healthy external accounts -- lo ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
New Delhi, Jun 8 (PTI) Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted. "Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central bank's next steps. Additionally, the progress of monsoon and sowing patterns will be monitored due ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our outlook of 6.8 per cent for the current fiscal downwards," said DK Joshi, chief economist, Crisil. ...Read More >
Guwahati, Feb 4: Assam's Special Task Force (STF) arrested another Ansarullah Bangla Team (ABT) operative in the early hours of Tuesday in Kokrajhar, bringing the total number of arrests in the case to 12. Acting on intelligence inputs, the STF, with assistance from Kokrajhar police under Operation Praghat, apprehended one Nasim Uddin SK, a key operative suspected of involvement in extremist activities. The accused was presented before the court and has been remanded to seven days in police custody for further interrogation. According to an STF statement issued on Tuesday, Nasim Uddin is no ...Read More >
Mumbai, June 6: Benchmark indices Sensex and Nifty surged nearly 1 per cent on Friday, driven by a rally in rate-sensitive sectors following the Reserve Bank's jumbo rate cut of 50 basis points. Market analysts said in light of benign inflation forecasts, RBI has taken steps to boost growth. A 50 bps repo rate cut supported by phased 100 basis points CRR cut will boost growth and lower the borrowing costs. The policy is broadly positive for growth and investment in a challenging global macro environment, they said. After a muted start, benchmark sensitive index Sensex and Nifty soon recovered ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...Read More >
New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation and economic growth, as he opined that the central bank has been doing a prudent job. Notably, the FI ...Read More >
Bhubaneswar: BJD parliamentary party convened at Naveen Niwas on Tuesday, with Party supremo and leader of opposition Naveen Patnaik chairing a crucial pre-budget session meeting. The meeting, attended by all seven BJD Rajya Sabha members, started on a celebratory note as members congratulated Patnaik for steering Odisha to the top position in fiscal management nationwide, as per a recent survey. According to the NITI Aayog Fiscal Health Index Report-2025, Odisha achieved the highest overall fiscal health score of 67.8% in 2022-23, marking a remarkable turnaround from the state's financial b ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
(Bloomberg) -- Indian bonds are poised to gain while the rupee is set to weaken as analysts bet on a softer monetary policy after the government named career bureaucrat Sanjay Malhotra as the new Reserve Bank of India governor. Most Read from Bloomberg Malhotra, a surprise pick, will take charge from Shaktikanta Das under whom the RBI kept borrowing costs unchanged for almost two years. While Malhotra's views on monetary policy are largely unknown, he recently urged revenue officials to prioritize economic growth, and the markets may read his appointment as dovish. The central bank is expec ...Read More >
New Delhi, Feb 4 (PTI) Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal as well as the next. The fiscal deficit for FY'25 has been pegged lower at 4.8 per cent of GDP, low ...Read More >
The Karnataka State Cricket Association (KSCA) has denied responsibility for the stampede that took place outside Bengaluru's M Chinnaswamy Stadium during the Royal Challengers Bengaluru (RCB) victory celebrations. The incident led to the deaths of 11 people. In a statement, KSCA claimed it was not involved in organising the event, managing entry gates or handling the crowd. "The decision to hold the event was taken by the government. It was conducted at Vidhana Soudha, not at Chinnaswamy Stadium," the association said, adding that its role is limited to renting out the stadium and managing c ...Read More >
New Delhi, Jun 7 (PTI) India's extreme poverty rate declined sharply to 5.3 per cent over a decade from 27.1 per cent in 2011-12 even as the World Bank revised upwards its threshold poverty line to USD 3 per day. Given India's inflation rate between 2017 and 2021, a revised extreme poverty line of USD 3 would constitute a 15 per cent higher threshold than USD 2.15 expressed in 2021 prices and result in a 5.3 per cent poverty rate in 2022-23, the World Bank said in a report. In India, the report said, 54,695,832 people lived on less than USD 3 per day in 2024. Thus, the poverty rate at USD 3 ...Read More >
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus the polled estimate of $8.5 billion, or 0.9% of GDP. The surplus compares with a deficit of $11.3 billion or 1.1% of GDP in the preceding quarter, the Reserve Bank of India said in a statement. The current account had registered a surplus of $4.6 billion or 0.5% of GDP in the same ...Read More >
New Delhi [India], June 29 (ANI): The world paused on June 13 when Israel targeted major military and nuclear facilities, and crucial personalities in Iran as it launched a series of attacks to disempower the West Asian country. Also Read | Hakham Muhammad Issa Al-Issa Dead: IDF Eliminates Hamas Mastermind Behind October 2023 Attack in Israel. The involvement of the Houthis of Yemen and the US in this high-tension conflict stopped short of a nuclear apocalypse--but this was not entirely unexpected. Some saw this coming. Supporting Israel, the US went ahead and struck three key nuclear sites ...Read More >
Mumbai, Dec 18 (PTI) Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows. Besides, investor sentiment remained subdued ahead of the outcome of the US Federal Reserve's policy meeting, scheduled for Wednesday, traders said. The 30-share BSE benchmark tumbled 502.25 points or 0.62 per cent to settle at 80,182.20, taking its downtrend to the third day. During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07. As many as 2,563 stocks de ...Read More >
Guwahati, June 5 (SocialNews.XYZ) Assam Chief Minister Himanta Biswa Sarma launched a blistering attack on Congress leader Rahul Gandhi on Thursday, calling out the LoP in Lok Sabha for the "audacity" of using surrender barb on Prime Minister Narendra Modi. The BJP leader's sharp response came in the wake of Rahul Gandhi's jibe amid ongoing political debates over national security and foreign policy, particularly following the recent success of Operation Sindoor. Taking to social media platform X, Sarma accused the Congress party of a long-standing legacy of compromising India's territorial ...Read More >