National
Newly Elected Mayor and Councilors of Raipur Municipal Corporation Take Oath with a Vision for Progress : "Commit to Making Raipur a Clean, Well-Organized, and Prosperous City" – Chief Minister Vishnu Deo Sai
Raipur : The oath-taking ceremony of the newly elected Mayor and Councilors of Raipur Municipal Corporation was held today at Balbir Singh Juneja Indoor Stadium, Raipur, in the distinguished presence of Chief Minister Shri Vishnu Deo Sai. The event marked a significant milestone in the city's governance, with Collector Dr. Gaurav Singh administering the oath ward-wise to all newly elected representatives.
Smt. Meenal Chaubey was sworn in as the Mayor in the presence of the Chief Minister. Addressing the gathering, Shri Vishnu Deo Sai congratulated the newly elected public representatives and expressed confidence in their commitment to fulfilling the promises outlined in the Atal Vishwas Patra. He urged them to work with unwavering dedication to transform Raipur into a cleaner, better-organized, and more prosperous city.
Following the ceremony, Mayor Meenal Chaubey honored Chief Minister Shri Sai, Assembly Speaker Dr. Raman Singh, Deputy Chief Ministers Shri Arun Sao and Shri Vijay Sharma, along with Cabinet Ministers, former Mayors, and other dignitaries, by presenting them with mementos as a token of appreciation.
The event saw the esteemed presence of several key leaders, including Forest Minister Shri Kedar Kashyap, Agriculture Minister Shri Ramvichar Netam, Finance Minister Shri OP Choudhary, Member of Parliament Shri Brijmohan Agrawal, and MLAs Shri Rajesh Munat, Shri Kiran Dev, Shri Sunil Soni, Shri Motilal Sahu, Shri Purandar Mishra, and Shri Anuj Sharma. Former Assembly Speaker Shri Gaurishankar Agrawal and numerous other public representatives also graced the occasion.
Municipal Commissioner Shri Abinash Mishra concluded the event by extending heartfelt gratitude to all dignitaries, elected representatives, and the citizens of Raipur for their presence and support in shaping the city's future.
MGNREGA Plays a Crucial Role in Strengthening the Rural Economy – Chief Minister Vishnu Deo Sai
Raipur : A meeting of the Chhattisgarh Rural Employment Guarantee Council was held today at the Chief Minister's Office in Vidhansabha Campus, under the chairmanship of Chief Minister Shri Vishnu Deo Sai. The meeting reviewed ongoing projects under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Chief Minister Shri Sai directed officials to ensure the highest quality and timely execution of MGNREGA projects to maximize benefits for rural families.
He particularly emphasized prioritizing Dharasa approach road construction and the Amrit Sarovar Project to strengthen rural infrastructure and promote water conservation.
Chief Minister Sai stated that the Chhattisgarh government’s objective is not just to provide employment but to make rural areas self-reliant. MGNREGA projects are being implemented with a long-term vision to ensure holistic rural development. He stressed the importance of transparency and accountability in the implementation process so that the scheme serves as a strong foundation for empowering the poor. He also highlighted the state government's focus on integrating MGNREGA with other development schemes to accelerate the pace of rural progress.
*In-Depth Discussion on Effective Implementation of MGNREGA in the State*
The meeting included a comprehensive review of the financial progress for FY 2023-24 and 2024-25, the labour budget for 2025-26, key performance indicators of the scheme, and the convergence model for better implementation. The annual progress report from 2019-20 to 2023-24 was also presented.
MGNREGA Commissioner Shri Rajat Bansal informed that out of 38.52 lakh registered families in the state, 24.89 lakh families have been provided employment. Under the Amrit Sarovar Scheme, a target has been set to construct 2,902 reservoirs, out of which 1,095 have been approved, 299 have been completed, and work is in progress on 472 sites.
The meeting was attended by Deputy Chief Ministers Shri Arun Sao and Shri Vijay Sharma, Chief Secretary Shri Amitabh Jain, Principal Secretary to the Chief Minister, Shri Subodh Singh, Principal Secretary Smt. Niharika Barik, Secretary to Chief Minister, Dr. Basavaraju S, Shri P. Dayanand, and Shri Rahul Bhagat, MGNREGA Commissioner Shri Rajat Bansal, and members of the Chhattisgarh Rural Employment Guarantee Council.
Prayagraj Mahakumbh 2025: Chief Minister Vishnu Deo Sai Takes a Holy Dip at Triveni Sangam, Prays for the Prosperity of Chhattisgarh
Raipur : On the auspicious occasion of Mahakumbh 2025, Chief Minister Shri Vishnu Deo Sai took a holy dip at the sacred Triveni Sangam in Prayagraj and prayed for peace, prosperity and well-being of the people of the state. Accompanied by Assembly Speaker Dr. Raman Singh, Cabinet Ministers, MLAs, and their family members, the Chief Minister called Mahakumbh the grand confluence of faith, spirituality, and tradition, underscoring its significance as a sacred medium that connects the soul with the divine and embodies the eternal essence of Indian culture.
Chief Minister Shri Sai departed from Raipur Airport for Prayagraj, where he was received with a warm welcome. Along with the dignitaries, he proceeded from Prayagraj Airport to the Sangam Ghat in five electric buses, reflecting a commitment to eco-friendly mobility. At Arel Ghat, the delegation boarded motorboats to reach the Triveni Sangam, where they performed the ritualistic holy dip in the confluence of the Ganga, Yamuna, and the mystical Saraswati rivers. Chief Minister, along with his spouse, performed a traditional puja, offering prayers for the well-being of the people of Chhattisgarh and the nation.
Speaking on the occasion, Chief Minister Shri Vishnu Deo Sai described the Triveni Sangam as not just a meeting point of rivers, but a spiritual confluence of culture, heritage, and devotion. He emphasized that Mahakumbh is not merely an Indian festival but a global celebration of spiritual consciousness and human unity. He remarked that this grand congregation of saints, seers, and devotees strengthens India's deep-rooted spiritual heritage and serves as a beacon of the Sanatan Dharma’s divine philosophy to the world.
Highlighting Chhattisgarh’s deep spiritual legacy, Chief Minister Shri Sai reaffirmed his government’s commitment to preserving and promoting the state’s rich cultural traditions on the national and international stage. He stated that Mahakumbh is not just a religious event; it is a timeless symbol of self-discovery. He emphasized that this sacred gathering harmonizes nature, human existence, and the eternal wisdom of Indian sages, showcasing India’s age-old traditions of faith and enlightenment.
Reiterating the importance of cultural conservation, Chief Minister Shri Sai underscored the significance of preservation of ancient traditions. He urged all devotees and pilgrims to contribute to protecting the sacred river, upholding environmental responsibility, and promoting the values of Sanatan culture for future generations.
Concluding his remarks, Chief Minister Shri Sai extended his heartfelt greetings to the people of Chhattisgarh and the entire nation on the occasion of Mahakumbh, praying for universal peace, prosperity, good health, and a brighter future.
Acharya Vidyasagar Ji Taught Us That Our Culture is the Foundation of Our Identity – Union Home Minister Shri Amit Shah
Raipur – Union Home Minister Shri Amit Shah stated that Jain Acharya Vidyasagar Ji Maharaj taught us that our culture defines our identity. If we lose our culture, we lose our recognition in the world. Acharya Ji transcended sectarianism, linguistic divisions, and caste barriers, spreading the message of humanity and universal brotherhood. Shri Shah expressed these thoughts while addressing the foundation stone-laying ceremony of Acharya Vidyasagar Ji Maharaj’s memorial at Chandragiri Teerth in Dongargarh. The event was presided over by Chief Minister Shri Vishnu Deo Sai.
The Union Home Minister emphasized the pivotal role of Jain Acharyas and monks in uniting the nation. From Hastinapur in Uttar Pradesh to Shravanabelagola in Karnataka, and from Rajgir in Bihar to Girnar in Gujarat, Jain saints have traveled barefoot, illuminating lives with wisdom and inspiring people through their renunciation and penance. He likened Acharya Vidyasagar Ji to a Kalpavriksha (wish-fulfilling tree), whose life was dedicated to selfless service and spirituality, offering inspiration to millions. He commended the initiative to construct Acharya Ji’s grand memorial at this site and extended his heartfelt congratulations to all involved.
Chief Minister Shri Vishnu Deo Sai remarked that although Acharya Vidyasagar Ji is no longer physically present, his teachings will continue to guide generations like a beacon of light, inspiring righteous living. He highlighted Acharya Ji’s unwavering dedication to protecting Dharma and strengthening the nation, walking miles barefoot, and practicing unparalleled self-discipline. Millions have drawn inspiration from his life. He was a national saint, deeply committed to the ideals of Swadeshi (self-reliance), consistently emphasizing the importance of staying rooted in our cultural heritage.
Chief Minister Shri Sai paid homage to Pujya Samta Sagar Ji Maharaj and all the Jain monks who had gathered from across the country, expressing his wish that their blessings continue to grace Chhattisgarh.
The event witnessed the presence of Deputy Chief Minister Shri Vijay Sharma, Finance Minister Shri O.P. Choudhary, Member of Parliament Shri Santosh Pandey, Dongargarh MLA Smt. Harshita Swami Baghel, Jain community leader Shri Ashok Patni, Festival Committee President Shri Vinod Barjatya, Shrikant Prabhat Jain, Vinod Jain, Manish Jain, and several other distinguished representatives and members of society.
Union Home Minister and Minister of Cooperation Shri Amit Shah attends First Samadhi Smriti Mahotsav of Acharya Shri Vidyasagar Ji Maharaj and Shri 1008 Siddhachakra Vidhan Vishva Shanti Mahayagya in Rajnandgaon, Chhattisgarh
Raipur : Union Home Minister and Minister of Cooperation, Shri Amit Shah addressed the first Samadhi Smriti Mahotsav of Shri Vidyasagar Ji Maharaj at Rajnandgaon, Chhattisgarh. Shri Shah also participated in Shri 1008 Siddhachakra Vidhan Vishwa Shanti Mahayagya. During the event, Union Home Minister Shri Amit Shah released a commemorative coin of ₹100, a special postal envelope of ₹5, 108 footprints and portrait of Acharya Shri Vidyasagar Ji and laid the foundation stone of the proposed Samadhi Smarak 'Vidyayatan'. Chief Minister of Chhattisgarh Shri Vishnu Deo Sai, Deputy Chief Minister Shri Vijay Sharma and Pujya Muni Shri Samta Sagar Ji Maharaj were present on the occasion, among other dignitaries.
In his address, Shri Amit Shah said that Acharya Shri Vidyasagar Ji Maharaj was not just a saint or a ‘Jainacharya’, but a visionary who ushered in a new ideology and a new era. He said that Acharya Guruvar Shri Vidyasagar Ji Maharaj, who was born in Karnataka, propagated Indian culture, Indian languages, Indian identity and the country as a whole like a ‘Jyotirdhar’ through his deeds. Shri Shah said that it is very rare for a religious saint to have worked towards propagation of the national identity along with interpretation of the religion across the world. Shri Amit Shah said, Acharya Vidyasagar Ji's life was dedicated to religion, culture and to the nation.
Union Home Minister and Minister of Cooperation Shri Amit Shah said that he had the privileged of meeting Acharya Shri Vidyasagar Ji many times. He said that Acharya Ji always emphasized on promotion and preservation of Indian languages, spread of India's glory and identity globally, and that our nation should be preferably called ‘Bharat’ instead of ‘India’.
Shri Amit Shah said that by writing ‘Prime Minister of Bharat’ on the invitation card of the G-20 Summit, Modi ji the ideas of Vidyasagar Ji into action. He said that Prime Minister Shri Narendra Modi rendered Acharya Ji's vision without any political motive and followed his message in practice.
Union Home Minister said that Acharya Ji did not leave the path of austerity till the last breath of his life. Shri Shah said that Acharya Ji showed the path of salvation not only to Jain follower but also to the non-Jain followers with his spiritual energy.
Shri Amit Shah said that there are many people, who say that every moment of life should be dedicated to religion, nation and society, but people who live their whole life like this are rarely seen and Acharya Ji's life was a true embodiment of this dedication. He said Acharya Ji interpreted the principle of "Ahimsa Paramo Dharma" in a way that was time-appropriate and established it globally. He also mentioned that Acharya Vidyasagar Ji Maharaj ensured that his disciples lived their lives in accordance with the principles of Jainism.
Union Home Minister and Minister of Cooperation Shri Amit Shah said that under the leadership of Prime Minister Shri Narendra Modi, India is propagating the principles of 'Vasudhaiva Kutumbakam' and 'Ahimsa Parmo Dharma'. He said he was grateful to PM Modi for giving approval to the commemorative coin and the special envelope. He said that this tribute to Acharya Ji is a tribute to the saint tradition. He said that Acharya Ji's proposed Samadhi Smarak 'Vidyayatan' will remain a place of propagation of Acharya Ji's principles, messages and teachings for ages. Shri Shah said that the name of the samadhi of the saint who spent his entire life in the worship of ‘Vidya’ (knowledge) cannot be anything other than 'Vidyayatan'.
Shri Amit Shah said that, on the occasion, foundation stone of a girl’s school where education is imparted free of cost, has also been laid in the Dindori district of Madhya Pradesh. He mentioned that this school would incorporate both skill development and employment opportunities, with teaching conducted in the mother tongue. He also stated that the inauguration of Acharya Ji's 108 footprints took place, which would serve as a symbol of a life dedicated to renunciation, penance, and discipline.
Union Home Minister said that India's saint tradition is very rich. He said that whenever the nation needed a particular role to be fulfilled, saints rose to the occasion. He said that saints created knowledge, tied the country in the thread of unity and before independence, the saints kept the flame of national consciousness burning through ‘Bhakti’. He said that when the governance and the country started getting influenced by Western ideas after independence, Vidyasagar Ji Maharaj was the only Acharya who remained firmly connected to Bharat, Indian identity, and Indian culture.
Shri Amit Shah said that Jain saints have made their significant contribution in uniting the entire country. He said that from Hastinapur in Uttar Pradesh to Shravanabelagola in Karnataka, from Rajgir in Bihar to Girnar in Gujarat, he walked everywhere and spread his message. He said that Acharya Ji taught us that our identity is rooted in our culture.
Union Home Minister said that Acharya Vidyasagar Ji Maharaj wrote a Hindi epic called 'Mookmati', on which many people have done research and written essays. Following Acharya Ji's message of preservation and promotion of all Indian languages, his followers have translated 'Mookamati' into many languages. He said that religion, philosophy, ethics and spirituality have been explained in great depth in 'Mookamati' and it also has a description of the transience of the body and a message of love for the nation.
Shri Amit Shah said that Acharya Vidyasagar Ji Maharaj believed that the linguistic diversity of our country is our true strength. He said that a country with many languages, scripts and dialects and different types of grammars and ballads is considered to be culturally rich.
Union Home Minister Shri Amit Shah said that there existed a very cordial relation between Modi ji and Acharya ji. He said that Acharya Ji's teachings, works, writings and discourses are not only the heritage of Jain followers but of the entire country.
Senior Officials from the Ministry of Defence visit Dantewada to view Development Initiatives : Praise for Women's Self-Reliance, Youth Employment, and Rehabilitation Efforts for Naxal Affected Families
Raipur : As part of Study Tour 2025 organized by the National Defence College, Ministry of Defence, New Delhi, a delegation of 18 senior officials visited Dantewada to review various social and economic upliftment initiatives undertaken in the region. The delegation commended the efforts of the District Administration and Police Department in fostering development and ensuring community welfare.
Encouraging Women’s Empowerment and Economic Growth
The officials first visited the Dannex Factory in Geedam, where they were briefed about the initiative launched by the District Administration to promote women's self-reliance. The Nava Dantewada Garment Factory, under the Dannex brand, has expanded to four manufacturing units, collectively aiming to provide employment to approximately 1,200 families. During their visit, the officials interacted with working women, encouraging and appreciating their dedication.
Rehabilitation Efforts for Naxal-Affected Families
The delegation then proceeded to the Naxal-Affected Rehabilitation Center in Karli, where they were apprised of the "Lone Varratu" (Homecoming) campaign. Under this initiative, surrendered Naxal cadres and families affected by Naxalite violence are provided with safe housing and employment opportunities. Both central and state government schemes are actively facilitating their integration into mainstream society.
Educational Transformation in Dantewada
The officials also visited Education City, Jawanga, where they engaged with students at Saksham-2, a residential school for children with special needs. The delegation was briefed about the Annie Device, a smart learning tool that assists visually impaired students in learning and reading Braille.
Furthermore, the delegation observed the Equestrian Training Center, where students are trained in horse riding skills. During the visit, students also presented a cultural performance, which was warmly appreciated by the officials.
Free Software Engineering Training for Underprivileged Students
The delegation also reviewed the Nav Gurukul Initiative, which provides free software engineering training to students. They were informed that the 18-month program prepares students for competitive exams like PET, PMT, IIT-JEE, and also includes specialized English communication and leadership training sessions.
The visiting officials praised the district’s holistic efforts in education, employment, women's empowerment, and rehabilitation of Naxal-affected individuals, calling Dantewada’s development model an inspiration for other regions.
The visit was attended by DIG Mr. Kamlochan Kashyap, Collector Shri Mayank Chaturvedi, Zila Panchayat CEO Shri Jayant Nahta and other senior officials.
Chhattisgarh : A Model of Cultural Resilience and Development, impresses National Defence College Delegation,Chhattisgarh’s Beauty is beyond the Landscape; It is in Its People, Culture, and Progress*– CM Vishnu Deo Sai
Raipur : Chhattisgarh is emerging as a model of socio-economic transformation, sustainable governance, and cultural preservation. This was the sentiment echoed by a delegation of 18 senior military and civil service officers from the National Defence College (NDC), who met Chief Minister Vishnu Deo Sai following an extensive tour of the state. Their visit provided them with first-hand insights into Chhattisgarh’s administrative frameworks, strategic infrastructure, and policy innovations.
Welcoming the officers, CM Sai underscored Chhattisgarh’s journey from a historically rich state to a dynamic hub of development. He noted, “Chhattisgarh is not just a region; it is an experience. With 44% of our land covered in forests, we are not only guardians of biodiversity but also of a tribal heritage that embodies resilience and wisdom. Your visit here is not just about witnessing landscapes but about understanding a civilization that thrives on both tradition and transformation.”
Chhattisgarh’s Strategic Growth: A Balance of Security and Development
The Chief Minister elaborated on the state’s multi-dimensional approach to tackling security challenges while fostering inclusive growth. He stated, “Our efforts against Naxalism extend beyond military action. By strengthening education, expanding infrastructure, and boosting economic participation, we have rewritten the narrative of once-conflict-ridden regions. Urbanization and industrialization are progressing in tandem with rural development, ensuring that no community is left behind. Chhattisgarh is not just transforming; it is setting an example.”
The NDC delegation, comprising high-ranking officers from India and abroad, visited key institutions such as IIM Raipur, the Integrated Command Control Center, Greenfield City, and Smart City projects. They engaged in discussions with the Chief Secretary and the Director General of Police, analyzing Chhattisgarh’s governance strategies in law enforcement, counter-insurgency, and economic resilience.
A Tour of Heritage, Innovation, and Strategic Development
Beyond its policy frameworks, Chhattisgarh’s cultural depth and infrastructural advancements left a strong impression on the delegation. Their itinerary included Sirpur’s archaeological marvels, the Dantewada's Education City, Kanker’s Wood Art Center, the Jungle Warfare College, Kondagaon’s Tatamari and Shilpgram, Badal Academy, and the spectacular Chitrakote Waterfall. These visits illustrated how Chhattisgarh has seamlessly integrated heritage preservation with modernization.
Chhattisgarh’s Policy Framework Gains Global Recognition
The delegation, led by Admiral Sandeep Singh Sandhu, praised the state’s innovative governance model. He explained that the National Defence College’s year-long strategic program is designed to equip military and civil service officers with a deep understanding of regional and national policy mechanisms. This year’s cohort consists of 124 officers, including 13 from India and 5 from various international defence forces, who visited Chhattisgarh to explore its unique administrative and developmental approaches.
The meeting was attended by Chief Minister’s Principal Secretary Shri Subodh Singh, Additional Director General of Police Shri Vivekanand Sinha, Chief Minister’s Secretary Shri Rahul Bhagat, Shri P. Dayanand, and Dr. Basavaraju S.
Among the prominent NDC officials present were Brigadier Amitoz Singh, Shri Sandip Kumar Mishra, Commodore Kartik Murthy, Brigadier Anirudh Singh Kanwar, Air Commodore Shekhar Yadav, Brigadier Gurpreet Singh Mann, Brigadier Rajneesh Mohan, and Captain M. V. Orpe. The delegation also included officers from Sri Lanka, Morocco, Nigeria, Nepal, and the UAE.
POLL PREDICTS EXIT AAP, FAVOURS IN BJP
Delhi : BJP is all set to form a The government in Delhi after a long gap of 27 years, most pollsters have predicted as the Exit Polls came in after voting ended on Wednesday while the Congress was projected to make no significant gains. Two exit polls, however, predicted a victory for the Aam Admi Party (AAP), and as many showed a close contest between them, with an edge for the BJP. The predictions spell a big setback for Arvind Kejriwal, who stepped down as the Chief Minister last year amid corruption charges, and the AAP, which was eyeing a third term on the back of consecutive near-sweeps in the 2015 and 2020 polls. Six of eight exit polls appear to think so, with just one tentatively giving the party half a chance. According to Matrize exit poll, the BJP led NDA may get 35-40 seats, while the AAP is projected to get 32 to 37 seats. The survey gave Congress 0-1 seats. The People's Pulse exit polls said the NDA was likely to get 51 to 60 seats, while the AAP may get just 10-19 seats. The Congress, it claimed, will not be able to open its account. There are 70 seats in the Delhi Assembly and the majority mark is set at 36.
The Election Commission will announce the official results after the counting of on February 8. Exit polls are projections made by election survey agencies based on interviews of voters as they come out after casting their votes
Centre prohibits officials using ChatGPT, DeepSeek
Raipur : Put simply, foundation models in generative AI are large, pre-trained models that form the base for a variety of AI applications. "Making modern technology accessible to everyone, that is the economic thinking of our PM... Ours is the most affordable compute facility, at this point of time," Vaishnaw
The government, under the IndiaAI Mission, had approved Rs 10,372 crore outlay to strengthen India's AI ecosystem a key pillar for that was enabling 10,000 GPUs for AI Compute Infrastructure. The 18,693 GPUs would offer large compute power considering that Deepseek was trained on 2,000 GPUs and ChatGPT version 4 on 25,000 GPUs.
On the applications under India AI mission, India's focus has been about utilising the power of Artificial Intelligence for solving population-scale problems, in areas such as healthcare, education, agri, logistics, weather forecasting and others.
PIND'S Home Loan Expo from tomorrow
Raipur : The Punjab National Bank will hold T its 'Home Loan Expo 2025' on February 7 and 8 in Raipur and Bhilai cities.
Along with renowned builders, solar dealers and bank officials will be present to provide information and services under Pradhan Mantri Suryaghar Yojana.
The Bank's Zonal Head Ashish Kumar Chaturvedi has urged the people of Chhattisgarh to take advantage of the expo.unve Bala Orga Akh Sank by c inclu Agra Asia Delh Vice Univ
From LPG to PF: Major Rule Changes Effective From January 1, 2025
With only days remaining in 2024, preparations for welcoming 2025 are underway. Coinciding with the new year, several important rule changes will come into effect in the country from January 1, 2025. These changes span various sectors, from LPG prices to EPFO regulations.
Let us delve into these upcoming changes and their potential impact:
Usually, the government adjusts LPG prices on the first of each month. Recently, the price of 19 kg commercial LPG cylinders has fluctuated considerably. However, prices for the 14 kg domestic cylinders have remained steady for a prolonged period. Therefore, another price adjustment for LPG cylinders is anticipated this month.
PF account holders could gain a significant benefit at the beginning of 2025: the ability to withdraw funds from ATMs. The Labour Ministry is actively developing this feature as part of an IT system upgrade. Labour Secretary Sumita Dawra recently stated that the Ministry of Labour and Employment aims to streamline PF withdrawals and enhance overall service quality through these technological advancements.
The Reserve Bank of India (RBI) recently announced that from January 1, 2025, UPI payments up to Rs 10,000 can be made using UPI 123Pay in feature phones. The previous limit for such transactions was Rs 5,000.
In a relief to farmers, the RBI has also raised the limit on unsecured loans to Rs 2 lakh. Effective from 1 January 2025, the new rules enhance the previous limit of Rs 1.60 lakh.
The National Stock Exchange (NSE) has announced a change to the expiry day of its contracts, effective from 1 January 2025. The NSE issued a circular regarding this change on November 29. Monthly contracts for FinNifty, MidCPNifty, and NiftyNext50 will now expire on the last Thursday of the respective month. Similarly, both monthly and quarterly contracts for BankNifty will expire on the last Thursday of the expiry month.
Rahul Gandhi has flown to Vietnam to ‘ring in New Year’, alleges BJP; Congress asks ‘when will Sanghis stop...'
The recent passing of former Prime Minister Dr. Manmohan Singh has ignited a fierce political dispute between the Bharatiya Janata Party (BJP) and the Congress party. The controversy escalated when BJP leader Amit Malviya accused Rahul Gandhi of exploiting Manmohan Singh's death for political gain. “While the country is mourning Prime Minister Dr Manmohan Singh’s demise, Rahul Gandhi has flown to Vietnam to ring in the New Year”, Malviya alleged.
BJP's Accusations Against Rahul Gandhi
BJP leader Amit Malviya took to X (formerly Twitter) to criticise LoP Rahul Gandhi's decision to travel abroad during a period of national mourning.
Malviya chimed in on the 1984 anti-Sikh riots jibes against Congress and stated, “Rahul Gandhi politicised and exploited Dr Singh’s death for his expedient politics but his contempt for him is unmissable. The Gandhis and the Congress hate the Sikhs. Never forget that Indira Gandhi desecrated the Darbar Sahib.”
Malviya further alleged that Rahul Gandhi had politicised Manmohan Singh's death and expressed contempt for him, claiming that "the Gandhis and the Congress hate Sikhs" due to historical grievances related to Indira Gandhi.
Congress Responds to Amit Malviya
In retaliation, Congress leaders have denounced the BJP's remarks as a diversionary tactic. Manickam Tagore, a prominent Congress leader, questioned when the BJP would cease its "take diversion" politics and highlighted perceived disrespect shown by Prime Minister Narendra Modi during Singh's cremation.
Tagore remarked, “When will the Sanghis stop this ‘Take Diversion’ politics?The way Modi denied Dr. Saheb a place for cremation on the Yamuna banks and how his ministers cornered Dr. Saheb’s family is shameful. If Mr Gandhi travel privately, why does it bother you? Get well in New year.”
Manmohan Singh's Funeral Controversy
The tensions surrounding Dr. Manmohan Singh's funeral arrangements have also been a focal point of contention. Congress accused the BJP of mismanagement and disrespect, asserting that ex-PM Manmohan Singh was denied an appropriate cremation site on the banks of the Yamuna River.
The BJP has countered these claims, asserting that all protocols were followed during the state funeral and that adequate arrangements were made for Singh's family
Hardeep Puri: 'Petrol won't come under GST, fuel prices may come down if...'
Union Petroleum Minister Hardeep Singh Puri has ruled out the inclusion of petrol under GST, citing its impact on state revenues and the ongoing fluid economic situation. He, however, indicated that fuel prices might decrease if global crude oil prices stabilise and international turbulence subsides.
Currently, international crude oil prices hover around $72-$73 per barrel. "If prices stay within this range or drop further, there's scope for reduction in retail prices," Puri said in a podcast - Top Angle. However, he said, a rise to $80 per barrel would leave no room for relief.
When asked whether the inclusion of petrol under the GST will bring down the prices, the minister said: "Petrol is not going to come under GST anytime soon because the current situation is quite fluid. Petrol cannot be brought under GST as it generates significant revenue for the states, and the states will never agree to it."
India, which relies on imports for over 85% of its crude oil needs, has managed to keep petrol and diesel prices stable in recent years. Puri explained that the price of crude oil depends on several factors: the cost of a barrel internationally, insurance, freight charges, and the dollar exchange rate.
While international crude prices have indeed fallen, he said, the dollar exchange rate and insurance and freight charges have risen. Despite these challenges, India is one of the few countries where petrol and diesel prices have decreased over the last three years, the minister added.
Puri said that India's petrol prices are significantly lower compared to neighbouring countries like Sri Lanka, Bangladesh, and Pakistan. Even globally, he said, India's performance in absolute terms has been better, with prices either stabilising or declining. "Within India, petrol and diesel prices in BJP-ruled states are Rs 10 cheaper than in non-BJP-ruled states. The real question should be when prices in non-BJP-ruled states will come down?"
The minister said that Prime Minister Narendra Modi is dedicated to ensuring that economically weaker sections are not burdened. He suggested that while oil marketing companies have made some profits in petrol, they have suffered losses in gas. He said gas cylinders priced at Rs 1,200 are now available for Rs 500 under the Ujjwala scheme and these subsidies have resulted in significant losses for oil marketing companies, amounting to Rs 40,000 crore in the past year alone.
Puri said that currently, more oil is available in the Western Hemisphere. Brazil produces 3 million barrels per day, and according to their findings, an additional 400,000 barrels will come, he added. "More oil is also coming from places like Canada, Suriname, Guyana, and the United States."
"If the oil supply increases in these areas, I believe the cost of extraction can vary from $45 per barrel to $80. However, there are several countries that have increased their costs and will want prices to stay above $80-$85. But it will be difficult for them because if there is more oil, someone else will provide it. If the supply continues to increase, I can confidently say that by the end of 2025, natural gas prices will come down considerably," he added.
The minister said that India's strategic shift in sourcing crude oil also played a crucial role in stabilising fuel prices. Following the Russia-Ukraine war, India increased oil imports from Russia, which now accounts for 38% of its crude supply, up from 0.2% in February 2022. "The move helped control global inflation and addressed supply shortages," Puri stated, adding that Western nations, including the US, supported India's decision to purchase discounted Russian oil.
3 Types Of Bank Accounts To Be Closed From January 1: Is Yours One Of Them?
Starting January 1, 2025, the Reserve Bank of India (RBI) will implement a series of crucial changes, affecting lakhs of bank accounts across the country. Are you at risk of losing access to your bank account? It’s essential to understand these changes and take action before it’s too late. Here’s everything you need to know about the upcoming RBI guidelines.
The RBI’s decision to close certain types of bank accounts stems from its objective to enhance the safety, transparency, and efficiency of banking transactions. By streamlining the system, the apex bank aims to curb fraudulent activities, particularly bank account hacking, and promote digitalisation and modernisation within the sector. This new rule is designed to minimise risks, address shortcomings in banking operations, and provide better services to customers while protecting their interests.
As of January 1, 2025, three specific types of bank accounts will face closure under these new guidelines. But which accounts are under the radar? Let’s take a closer look.
1. Dormant Accounts
A dormant account is one where there have been no transactions for a continuous period of two years or more. These accounts are particularly vulnerable to misuse by hackers, who often target inactive accounts for fraudulent activities. To safeguard customers and the banking system, the RBI has decided to close such accounts.
2. Inactive Accounts
Inactive accounts are those with no transaction activity over a specified period (typically 12 months or more). These accounts will also be closed as part of the RBI’s efforts to enhance account security and reduce the risk of fraudulent behaviour. If your account falls into this category, it is essential to either reactivate it or face potential closure.
3. Zero Balance Accounts
Accounts that maintain a zero balance for an extended period will also be subject to closure. The RBI’s objective is to prevent the misuse of such accounts, minimise financial risks, and encourage customers to maintain active relationships with their banks. Additionally, this measure is intended to strengthen Know Your Customer (KYC) norms and ensure that all customer information is up to date and accurate.
Budget 2025: Industry bodies urge Nirmala Sitharaman to slash income tax rates for middle class at pre-budget meeting.
India's industry body representatives were seeking a reduction in personal income tax rates from the Finance Minister at the pre-budget meeting on Monday to ensure higher disposable income in the hands of the nation's middle-class population, reported the news agency PTI on December 30.
“From a perspective of boosting consumption, we have suggested that there be some relief provided to income tax up to a ₹20 lakh on the marginal income tax rate so that it boosts consumption, there is more disposable income and in turn also leads to buoyancy in revenues,” Sanjiv Puri, the Chairman of Confederation of Indian Industries (CII) told the news agency.
Along with income tax, the representatives urged Nirmala Sitharaman to reduce the excise duty on fuel and take measures to provide impetus to employment-intensive sectors, as per the news report.
“We have also suggested that excise on petroleum be reduced a little, that will also provide higher disposable income and contribute to a virtuous cycle in the hands of the consumers,” said Puri, cited the news agency.
Industry bodies also raised concerns about China dumping excess commodities globally, including in India, which risks food security and inflation due to the “climate emergency,” reported the agency.
“We are seeing dumping of a lot of products (by China) into various parts of the world, including India. We also have the issue of climate emergency, which, besides other things, also impacts food and nutrition, (food) security and inflation. In this context, we have made several suggestions and ideas,” he said, as per the report.
CCI Chairman Sanjiv Puri told the news agency that even though the Indian economy is doing well, there are many challenges globally.
Apart from Nirmala Sitharaman, the pre-budget meeting was attended by the finance secretary, the secretary of the Department of Investment and Public Asset Management, and the Chief Economic Adviser to the Government of India, among others.
“Finance Minister and her colleagues gave a very patient hearing to the industry today. There were about 13 people from different industry chambers. There was some commonality of themes across some of the representations, basically the temporary slowdown faced due to dumping products especially by some our neighbours like China due to the slowdown in their economy,” said Vijay Sankar, vice president of FICCI, cited the news portal.
Other industry body members like Hemant Jain, the president of PHD Chamber of Commerce and Industry (PHDCCI), and Sanjay Nayar, the president of the Associated Chambers of Commerce and Industry of India (Assocham), also attended the pre-budget meeting.
Big relief to Indian middle class, government is considering tax cuts amid economic challenges.
Amid the uproar over high taxation, the Indian government is reportedly considering a major relief for middle-class taxpayers, especially those earning up to Rs 10.5 lakh annually (US$12,300). Indian media reports suggest the move could be announced in the 2025 Budget on February 1, aimed at boosting consumer spending amid a slowing economy.
What is the current system?
As per the latest income tax regime announced in 2020, income between Rs 3 lakh and Rs 10.5 lakh attracts tax rates between 5 per cent and 20 per cent. Those earning more than Rs 10.5 have to pay a staggering tax of 30 per cent.
Today, Indian taxpayers have the option to choose from two regimes: the old regime, which offers exemptions for expenses such as housing rent and insurance; and the new regime which offers lower taxation rates but eliminates most exemptions.
Now, if the proposed tax relief is offered, more people will rush to adopt the simplified 2020 regime. The report clarifies that the Prime Minister Narendra Modi-led government has not yet decided on the size of the deductions or relief. The Finance Ministry or Minister Nirmala Sitharaman have not commented on these reports. Indian economy is slowing Changes to the Indian taxation system are being considered amid concerns over growing economic challenges. GDP growth between July and September in 2024 has fallen to the lowest in the last seven quarters. Food inflation is also on the rise, further pushing down the cost of living. A decline in sales of items such as vehicles, household goods and personal care products also indicates worrying trends for the economy. By offering tax relief, the government wants to boost spending and boost growth.
'I want to do more, but...': Finance Minister Nirmala Sitharaman on tax relief to India's middle class.
Finance Minister Nirmala Sitharaman did not mince words while addressing middle class taxpayers. Acknowledging their struggles, she outlined the tax changes made in the last Budget aimed at putting more money in their pockets without breaking the government's bank.
"I respect the issue of giving relief to the middle class. I want to do more, but there are limits in taxation. To bring about a change for salaried people, the standard deduction has been increased from ₹50,000 to ₹75,000," Sitharaman said in an interview to Times Now.
This adjustment along with revised tax rates is aimed at benefiting not just middle-income earners but also higher-income groups by providing incremental relief across different tax brackets, she added.
The government is reportedly exploring the possibility of a sweeping income tax cut for individuals earning up to ₹15 lakh annually, which would potentially impact millions of urban taxpayers grappling with high living costs. The move is in line with the broader goal of stimulating consumption amid an economic slowdown, reports Reuters.
Under the 2020 tax regime, income between ₹3 lakh and ₹15 lakh is taxed at rates ranging from 5% to 20%, while higher incomes are taxed at 30%.
The proposed changes, if implemented, will provide relief to taxpayers who opt for this system, which does not include exemptions such as housing rentals.
Apart from tax reforms, Sitharaman outlined initiatives targeting education and affordable housing in the interview. "Concessional interest for student loans up to ₹10 lakh and benefits for affordable housing are important steps to support families," he said, emphasising the government's commitment to overall financial relief.
The context of these measures is clear. India's economic growth between July and September was the slowest in seven quarters, including food inflation, which has dampened demand for consumer goods and vehicles. The number of taxpayers with incomes between Rs 50 lakh and Rs 1 crore has grown by 440% over the past decade, reflecting growing financial pressures on the middle and higher income groups. With the upcoming budget, the government's focus is clear: address taxpayer concerns, boost consumption and address economic challenges with targeted measures.