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President Droupadi Murmu declared on Wednesday that, despite global challenges such as two wars and the Covid-19 pandemic, the government successfully managed to keep inflation in check. She emphasized that the citizens were spared from an increased burden, and in her address to the joint sitting of Parliament, she highlighted the government's efforts to maintain control over inflation amid worldwide crises. In December 2023, retail inflation in India stood at 5.69 percent, falling within the Reserve Bank of India's (RBI) comfort level of 2-6 percent but exceeding the ideal 4 percent scenario. The RBI, in its fight against inflation, raised…

The Union Ministry of Finance has announced a reduction in import duties on essential components used in mobile phone manufacturing, aiming to boost India's electronics exports. The move, disclosed through a Finance Ministry notification on Tuesday, is anticipated to have a positive impact on the mobile phone sector, fostering growth and enhancing competitiveness globally. The revised import duties include a reduction from 15% to 10% for various components such as screws, SIM sockets, and other metal mechanical items for cellular mobile phones. The list also encompasses items like battery covers, front covers, middle covers, main lenses, back covers, GSM antennas,…

The approval of President Droupadi Murmu has led to the appointment of four members to the Sixteenth Finance Commission, as announced in a press release from the Ministry of Finance. The appointed members include Ajay Narayan Jha, Annie George Mathew, Niranjan Rajadhyaksha, and Soumya Kanti Ghosh. The commission is tasked with providing recommendations on the distribution of the net proceeds of taxes between the Union and the States. Arvind Panagariya, former Vice Chairman of NITI Aayog and Professor at Columbia University, was earlier appointed as the Chairman of the 16th Finance Commission on December 31. Panagariya, who served as the…

An individual involved in creating pro-Khalistani graffiti in Delhi's Tilak Nagar area has been apprehended by the Delhi police, as announced by an official on Wednesday. The arrested culprit was responsible for the graffiti bearing the message `Delhi Banega Khalistan` (Delhi will become Khalistan). Further details regarding the incident are still awaited. In a similar occurrence in August of the previous year, the Delhi Police Special Cell detained two individuals from Punjab in connection with pro-Khalistan graffiti and slogans painted at over five metro stations in Delhi on August 27, 2023. Following the discovery of pro-Khalistan slogans defacing the walls…

President Droupadi Murmu highlighted the fulfillment of centuries-old aspirations with the construction of the Ram Temple in Ayodhya during her address to a joint sitting of Parliament on Wednesday, marking the beginning of the Budget Session. She noted that in the past decade, India has witnessed the completion of several works of national interest that were long-awaited by the people. Referring to the construction of the Ram Temple, President Murmu stated, `There were aspirations for the construction of Ram temple for centuries, today it has become true.` The Ram Temple in Uttar Pradesh was officially inaugurated on January 22, with…

Former Pakistan Prime Minister Imran Khan and his wife, Bushra Bibi, were handed a 14-year jail term with rigorous punishment in the Toshakhana case, according to reports from Pakistan local media on Wednesday. An Islamabad accountability court imposed the sentence on the couple, further barring them from holding any public office for a decade, and imposing a fine of Rs787 million.  Former Pakistan Prime Minister Imran Khan, and his wife Bushra Bibi were on Wednesday sentenced to 14 years with rigorous punishment in the Toshakhana case, Pakistan local media reported. Dawn reported that an Islamabad accountability court the couple and…

Prime Minister Narendra Modi, in a prelude to the Budget Session, emphasized that this would be an interim budget and expressed concerns about the behavior of opposition MPs during the last session. In his customary interaction with the media outside the Parliament building, the Prime Minister opened and concluded his address with the greeting 'Ram Ram.' `Ram Ram to all of you for the year 2024. At the end of the first session held in the new Parliament building, this Parliament took a very dignified decision of clearing the Nari Shakti Vandan Adhiniyam,` PM Modi said. Acknowledging the display of…

President Droupadi Murmu remarked on Wednesday that the new Parliament building exudes the essence of `Shrestha Bharat` and mirrors the splendor of India's culture and civilization. Addressing the joint sitting of Lok Sabha and Rajya Sabha in the recently inaugurated Parliament building, President Murmu characterized the past year as one marked by historic achievements for the country. This address by the President marked the inaugural one in the new Parliament building, which was constructed at the outset of the Amirt Kaal, aiming to transform India into a developed country by 2047. Describing the new Parliament building, President Murmu emphasized that…

President Droupadi Murmu, addressing a joint sitting of Parliament, highlighted India's exceptional economic performance in 2023, emphasizing that the country maintained its status as the fastest-growing major economy despite the global crisis. She stated that India achieved a remarkable growth rate of about 7.5% for two consecutive quarters during the April-June and July-September periods of the financial year 2023-24, with growth rates of 7.8% and 7.6%, respectively. President Murmu commenced her address, marking the beginning of the Budget Session of Parliament, and noted that 2023 was a historic year for the nation. The session, subject to the exigencies of government…

The Budget Session of Parliament is scheduled to kick off today, marked by President Droupadi Murmu's address to a joint gathering of Lok Sabha and Rajya Sabha at 11 am. This session, anticipated to be the last before Lok Sabha polls expected in April-May this year, will span eight sittings over a period of 10 days. Finance Minister Nirmala Sitharaman is set to present the interim budget on Thursday, February 1. According to the agenda outlined by Lok Sabha and Rajya Sabha, proceedings in both Houses will commence half an hour after the President's address. The Secretaries General of Rajya…