Kerala CM inaugurates โVikasana Sadassuโ initiative of Thiruvananthapuram Corporation
Over next month, in the run up to local body elections, a series of events will be held across the State to popularise the achievements of local bodies
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Over next month, in the run up to local body elections, a series of events will be held across the State to popularise the achievements of local bodies
Cockroach Janta Party spokesperson Saurav Das said that permission for the protest has been obtained
Video clips re-shared by Saurav Das, chief spokesperson of the online movement Cockroach Janta Party
As India sees incessant FII selloff so far this year, the government and RBI announced a slew of measures to ease foreign investments in government securities, with analysts suggesting that these may provide some short-term support for Dalal Street.India scrapped the long-term capital gains tax on investments by foreign institutional investors (FIIs) in government securities through an ordinance issued on Friday. The government has now exempted FIIs from tax on any interest income from government securities, as well as capital gains arising from their sale, exchange or transfer, according to an official gazette. Separately, while announcing the outcome of the MPC meeting, RBI Governor Sanjay Malhotra also unveiled a series of measures to boost FPI investments, including expanding the Fully Accessible Route (FAR) to cover new issuances of 15-, 30- and 40-year government bonds.Limits on investments by NRIs and OCIs in equity instruments without Sebi registration are being raised, allowing them to invest larger amounts without regulatory registration. The facility is also proposed to be extended to all Persons Resident Outside India (PROIs), bringing them on par with NRIs and OCIs. This came as the RBI kept the repo rate unchanged at 5.25%What does this mean for Indian stock market?The proposal to increase investment limits for NRIs and OCIs in listed equity instruments without Sebi registration, and to extend the same facility to all individual Persons Resident Outside India (PROIs), is a significant step toward broadening participation in Indian capital markets, which is expected to improve market depth, liquidity and long-term capital inflows, said Arun Poddar, CEO of Choice International.He highlighted that equally important is the removal of capital gains tax on government securities investments for foreign investors. โThis move strengthens the attractiveness of India's bond market and could encourage greater foreign participation in government debt. At a time of heightened global volatility, these measures reinforce investor confidence, support capital inflows, and reaffirm India's commitment to building deeper, more globally integrated financial markets, with the policy rate expected to remain low for an extended period,โ he said.The government's move to exempt Foreign Institutional Investors (FIIs) from capital gains tax on any interest earned from government securities is โhighly positiveโ for the capital markets, said Sumit Singhania, Head of Research at Bajaj Broking. โThis fiscal cushion arrives at a crucial time, offering a strong shield to domestic markets as the RBI chief warned of volatile forex markets driven by shifting global sentiments,โ he added.The policy is distinctly positive for bond markets and well-capitalized Banks and NBFCs, which benefit from targeted hedging subsidies and systemic stability, according to Archit Doshi, Senior Vice President at PL (Prabhudas Lilladher) AMC. โConversely, one should be underweight rate-sensitive sectors, which remain highly vulnerable to margin compression, higher inflation expectations, and the threat of the RBI reaching its tightening tipping point,โ he said.Rajeev Radhakrishnan, CFA, CIO of Fixed Income at SBI Mutual Fund, also said that the announcements aimed at enabling more dollar inflows are more significant in the near term, even though the overall policy stance has been broadly in line with expectations. โThe concessional swap facility should help stabilise short end market rates and the foreign exchange market in the near term,โ he said.For equities and debt markets, the measures to attract FII inflows are supportive of liquidity and inflows, while for the rupee, they signal a clear intent to anchor expectations and reduce volatility amid global oil shocks and sustained foreign selling pressure, said Ajit Mishra, Senior VP of Research at Religare Broking.Sachin Bajaj, Chief Investment Officer at Axis Max Life Insurance, also said that the initiatives are expected to support capital inflows, deepen domestic bond markets, and provide support to the Indian rupee over the short to medium term.RBIโs hawkish tone and the Indian stock marketWhile the measures taken to attract FII inflows in the debt market will likely provide short-term support for Dalal Street, analysts advised caution over the RBIโs hawkish policy stance. While the RBI maintained its policy repo rate as per expectations, the tone was much more cautious than in previous meetings.Sachin Bajaj highlighted that the policy emphasised preserving macroeconomic stability amid the prevailing global macroeconomic environment. โWe believe there are significant risks to inflation in the coming months due to the pass-through of higher commodity prices to consumers and elevated food prices resulting from a below-normal monsoon. Going forward, there is a risk of an upward revision in inflation projections, and given the evolving global backdrop, we believe the RBI is likely to maintain a prudent, data-dependent approach. Future policy actions will be contingent on evolving growth-inflation dynamics and global developments,โ he added.Also read: Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsWhile hawkish rhetoric without an accompanying rate hike provides a temporary respite for equity markets, it does not constitute an unequivocal endorsement of investment, particularly in highly rate-sensitive sectors such as real estate, automotive, and consumer discretionary goods, said Vipul Bhowar, Senior Director, Head of Equities at Waterfield Advisors.โShould inflation necessitate a rate increase later this year, these sectors are likely to experience pressure on both margins and demand. For investors, the current strategy emphasises capital preservation by focusing on high-quality equities with strong pricing power. This cautious approach is designed to navigate the prevailing geopolitical uncertainties until conditions stabilise,โ the analyst added.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The Kerala governmentโs decision to provide menstrual leave for girl students has triggered a discussion on the menstrual health of women in the State. Aathira Haridas meets those who hail the decision and the ones denouncing it
Dasguptaโs comments come at a time of tumult in the Trinamool Congress legislature party; two-thirds of party MLAs have expressed their support to expelled Trinamool MLA Ritabrata Banerjee, who was appointed as the Leader of Opposition on Wednesday
Cockroach Janta Party founder Abhijeet Dipke has urged supporters not to gather at Delhi Airport on 6 June, citing public and security concerns. Instead, he will seek permission at Parliament Street Police Station for a peaceful protest at Jantar Mantar demanding Dharmendra Pradhanโs resignation over examination controversies. The party also appointed Saurav Das, Vijeta Dahiya and Ashutosh Ranka as spokespersons.
IAF Chief AP Singh ends France visit, tests Airbus A400M, holds talks with French Air Force and firms like Dassault, Thales, Safran as India advances MTA aircraft plans.
Swapan Dasgupta said it is not for the BJP to enhance its strength by getting people from the Trinamool.
Beware of false friends: BJP's Swapan Dasgupta warns party against TMC defectors
Kolkata Mayor and Trinamool Congress (TMC) MLA Firhad Hakim has resigned from his post after receiving permission from party supremo Mamata Banerjee, senior TMC leader Kunal Ghosh said on Wednesday, amid deepening turmoil within the opposition party following its electoral defeat in West Bengal.The announcement came as the TMC grappled with its most serious internal crisis since losing power, with a large section of its legislators openly rebelling against the party leadership and seeking a reorganisation of the legislature wing.Also read: TMC crisis deepens as Mamata loyalists attend BJP-led review meetingThe political churn was visible on Wednesday when Hakim, along with TMC MLAs Nayana Bandyopadhyay, Ashok Deb and Kunal Ghosh, attended an administrative review meeting convened by Chief Minister Suvendu Adhikari at Nabanna, a development that added a fresh dimension to the ongoing unrest within the party, PTI reported.The attendance of several leaders considered close to Banerjee at the government meeting came even as the party's legislative wing appeared headed for an unprecedented split.Rebels stake claim to legislature leadershipHours earlier, 58 dissident TMC MLAs formally extended support to expelled legislator Ritabrata Banerjee as the new leader of the legislature party and conveyed their decision to Assembly Speaker Rathindra Bose, according to PTI.Ritabrata Banerjee, accompanied by fellow rebel MLA Sandipan Saha and other dissident legislators, met the Speaker and submitted letters of support purportedly signed by 58 MLAs.The rebel faction also proposed a new leadership structure, naming Ritabrata Banerjee as legislature party leader, Javed Khan, Sandipan Saha and Shiuli Saha as deputy leaders, and Raghunathganj MLA Akhruzzaman as the chief whip.Ritabrata Banerjee, Khan and Saha were also present at the chief minister's administrative review meeting later in the day.The developments followed a gathering of dissident legislators at the Assembly earlier on Wednesday. Significantly, none of the MLAs who attended the rebels' meeting had participated in Mamata Banerjee's dharna in central Kolkata on Tuesday, highlighting the growing divide between the party leadership and the dissident bloc.Also read: TMC rebels back expelled MLA Ritabrata Banerjee as legislature party leader in BengalPolitical signals from administrative meetingsSeveral leaders identified with the Kalighat leadership, including Hakim, Bandyopadhyay, Deb and Ghosh, skipped the Assembly meeting and instead attended the Nabanna review meeting.The latest development comes days after senior TMC MP Kakoli Ghosh Dastidar and six party MLAs attended an administrative review meeting chaired by Adhikari in Kalyani, triggering speculation over shifting political equations within the opposition camp after the assembly election setback.Political observers told PTI that with another set of TMC leaders attending Wednesday's meeting, the line between administrative engagement and political messaging was becoming increasingly blurred in West Bengal's evolving post-election landscape.The BJP government has maintained that such meetings are inclusive administrative exercises. During the previous TMC regime, BJP leaders had often alleged that opposition legislators were excluded from official review meetings.Soon after assuming office, Adhikari announced that opposition MPs and MLAs would be invited to government programmes and district-level administrative review meetings.Also read: TMC dissolves West Bengal units, launches overhaul after poll drubbingParty debates participationReacting to the participation of TMC legislators in such meetings last week, Kunal Ghosh had said the matter was being discussed within the party."We are not in favour of boycotting administrative meetings called by the state government. But when our party workers are being assaulted and rendered homeless in post-poll violence, we need to think twice before attending such meetings. Our party is also discussing whether we should continue participating in these meetings or not," he had said.The ongoing turmoil comes against the backdrop of the TMC's crushing assembly election defeat and growing uncertainty over the party's future leadership structure.
The online movement introduced Saurav Das, Vijeta Dahiya and Ashutosh Ranka and stated that they will be speaking on behalf of the movement.
Saurav Das, an investigative journalist, has been appointed chief spokesperson of the Cockroach Janta Party, alongside political researcher Vijeta Dahiya and former consultant Ashutosh Ranka. The appointments have been announced just ahead of Dipkeโs planned return to India on June 6.
The Cockroach Janta Party (CJP), a unique political formation born from an internet sensation, has appointed Saurav Das, Vijeta Dahiya, and Ashutosh Ranka as its official spokespersons. This move signals the party's ambition to reshape India's political discourse with a new generation of leaders.
Arijit Das Thakur and Sachin Singh, Trinamool councillors from Kolkata were arrested on Tuesday.
Shares of InterGlobe Aviation, the operator of IndiGo, fell more than 1% to their day's low of Rs 4,425 on the BSE on Wednesday after it suspended flights to and from Manchester from August 31, as prolonged airspace restrictions and rising operational expenses continue to weigh on long-haul services.The airline said the temporary suspension will lead to the return of one of the six Boeing 787-9 Dreamliner aircraft leased from Norse Atlantic Airways, which were brought in to support its long-haul international expansion plans.In a statement issued on Tuesday, IndiGo said ongoing international airspace constraints have significantly increased flight durations, while a difficult cost environment has made operations on the route increasingly challenging. As a result, services between India and Manchester will be paused from August 31, 2026.The carrier had inducted six Boeing 787-9 Dreamliners on damp lease from Norse Atlantic Airways in early 2025 as part of its strategy to accelerate entry into European markets before the arrival of its own Airbus A350 aircraft. The Manchester service was among the first long-haul routes launched under this initiative.According to the airline, a combination of geopolitical tensions in the Middle East, elevated aviation turbine fuel (ATF) prices, severe airspace restrictions and currency volatility pushed operating costs well above original expectations.Abhijit Dasgupta, Senior Vice President for Network Planning and Revenue Management at IndiGo, said the route had received a strong response from passengers despite the operational difficulties."We inducted these wide-body aircraft on a short-term basis to fast-track our connectivity to high-potential long-haul destinations such as Manchester and witnessed very encouraging demand response," Dasgupta said."Unfortunately, longer flying times due to airspace constraints coupled with dramatically escalating costs compelled us to take the decision to temporarily discontinue our India-Manchester services," he added.The airline stressed that the suspension is only temporary and reaffirmed its commitment to growing its long-haul international network. Dasgupta said the positive customer response had strengthened IndiGo's confidence in the long-term viability of the Manchester route and its wider international expansion plans.IndiGo also said affected passengers will be notified in advance and assisted with alternative travel options or refunds, wherever applicable. The airline clarified that all of its other long-haul international services will continue to operate as scheduled.IndiGo Q4 snapshotIndiaโs leading airline by market share reported a net loss of Rs 2,536 crore for the fourth quarter of FY26, compared with a net profit of Rs 3,067 crore in the corresponding period last year. Revenue from operations, however, edged up 1% year-on-year to Rs 22,438 crore.The airline said its operational performance during the quarter was affected by disruptions linked to the ongoing conflict in the Middle East. Capacity, measured in available seat kilometres (ASKs), increased 3.4% year-on-year to 43.6 billion. IndiGo shares have fallen 20% in the last six months and about 17% in the last 1 year. Sensex, Nifty today: Catch all the LIVE stock market action here (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Abhishek Mishra, an IIT Roorkee graduate posing as self-styled guru Adikarta Narayan Das, arrested in Mathura for alleged rape, blackmail and targeting educated women.
India is seeking to safeguard exportersโ interests in trade negotiations with the US and UK this week, with implications for trade deals with two of its major partners.India will ask for exemptions from any tariffs that may arise from ongoing US trade investigations during talks with a US team led by Brendan Lynch in New Delhi starting Tuesday. Separately, Indiaโs Commerce Minister Piyush Goyal will hold talks with his UK counterpart Peter Kyle in New Delhi to seek exemptions for Indian steel exports from British safeguard duties due to take effect next month. New Delhi has warned it could scale back some concessions under the free trade agreement it signed with the UK last year if it does not receive relief.The talks come at a difficult moment for India. The war in Iran, which has severely disrupted shipping through the Strait of Hormuz, has hit not only energy supplies but also access to a key export market for Indian goods. While the government has moved to cushion the impact on exporters, concerns are growing that a prolonged conflict could weigh on trade this fiscal year. Trade agreements with the US and the UK could help cushion some of those headwinds while attracting foreign investment at a time when the rupee is under pressure. They are also a key part of Prime Minister Narendra Modiโs strategy to diversify Indiaโs export markets amid growing geopolitical uncertainty.In the case of the US, however, some analysts argue that New Delhi has less reason to rush.The rationale for quickly concluding a trade deal weakened after the US Supreme Court struck down the reciprocal tariff framework, according to Ajay Srivastava, founder of the New Delhi-based Global Trade Research Initiative.โMore importantly, a bilateral trade agreement would offer no guarantee against future US trade actions,โ Srivastava said. โIt would be wise to wait for US trade policy to stabilize than to lock itself into long-term expensive obligations.โLast year, the White House imposed some of the worldโs highest tariffs on Indian goods, partly in response to New Delhiโs purchases of Russian oil. The two countries reached an agreement on an interim trade pact earlier this year, before the US Supreme Court struck down President Donald Trumpโs sweeping reciprocal tariffs.Soon afterward, however, the Office of the US Trade Representative launched investigations under Section 301 of the Trade Act into several countries, including India, over concerns about forced labor and excess production capacity. If the investigations result in adverse findings, additional tariffs could be imposed.New Delhi has urged Washington to address the issue within the framework of ongoing trade negotiations rather than through unilateral measures. The matter is likely to feature in talks this week between Indian officials and a US trade delegation visiting New Delhi.โOur approach with the US needs a rethink,โ said Abhijit Das, a New Delhi-based independent trade expert who has also worked with the Indian government. Also on Tuesday, UKโs Kyle is scheduled to meet Indian officials to discuss speeding up the implementation of the India-UK trade pact. The UK discussions are expected to focus on New Delhiโs concerns over Britainโs recent steel safeguard measures, which India says could restrict market access for its steel exports. On Monday, a senior Indian government official said New Delhi could scale back tariff concessions on a range of British products, including Scotch whisky, under the trade agreement signed last year if the issue is not resolved.
Devidas had been serving as the District Collector of Kollam since 2023
Union Minister for Consumer Affairs, Food and Public Distribution says that the firing incident at Tadasinakoppa near Dharwad was an indication of the deteriorating law and order situation in the twin cities