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100 = ๊ธ์ ์ฐ์ธ
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Facing a widening revolt and questions over Abhishek Banerjeeโs role, Mamata Banerjee heads to Delhi seeking political support and organisational stability.
After losing power in Bengal and days after 58 rebel MLAs took control of its legislature party, the TMC is facing one of the biggest challenges in its history.
Amid deepening crisis, AIADMK suffers fresh blow as four former ministers, ex MLAs and over 300 cadres quit and join ruling TVK in Chennai, praising CM C Joseph Vijay
In Kurukshetra, Congress Lok Sabha MP Deepender Hooda led the demonstration, demanding resignation of the Union Education Minister over the NEET paper leak and alleged irregularities in CBSE examination.
The protest was joined by senior Congress leaders Deepender Singh Hooda and Digvijaya Singh alongside Uday Bhanu Chib
Sourav Ganguly has vehemently denied reports claiming he acted as an intermediary for Mamata Banerjee, conveying a message to Yusuf Pathan to resign from his elected post. Ganguly stated these allegations are untrue and made in reckless disregard of the truth, emphasizing his non-involvement in political matters.
Four former AIADMK ministers and ex MLAs joined ruling TVK in Chennai, latest in a series of defections deepening AIADMKs crisis after its April 23 election defeat
India's onion farmers, particularly in Maharashtra's Nashik district, are facing a deepening crisis as falling auction rates and oversupply continue to push prices downward. In what many are calling the "Onion Paradox," bumper production has failed to translate into profits, leaving growers burdened with mounting debt and financial losses. As returns shrink, several farmers are reportedly shifting to less risky crops in search of stable incomes.The situation has triggered growing demands for government intervention, with farmer groups seeking measures such as better price support, improved procurement systems, export incentives, and market reforms. The crisis highlights the challenges faced by agricultural producers when supply outpaces demand, leaving farmers vulnerable despite strong harvests. n18oc_breaking-newsn18oc_IndiaNews18 Mobile App - https://onelink.to/desc-youtube
Government announced measures to attract foreign investment in Indian stocks, bonds. Changes aim to deepen capital market, ease investment for foreign individuals, attract stable capital inflows.
Ritabrata Banerjeeโs revolt in TMC is weakening as rebel MLAs split over Mamata Banerjeeโs role.
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)
Muniyappa also stressed that all leaders should be treated equally within the party and suggested that the current allocation was not balanced.
The victim, identified as Devosmita Paul, an assistant professor at Shivaji College, was living alone in the flat in Vasundhara Enclave.
India, UK deepen cooperation on critical minerals, maritime security
India is bolstering its energy security by deepening ties with Venezuela, a top crude oil supplier. Discussions between PM Modi and Venezuela's acting President focused on long-term energy contracts and cooperation in critical minerals, tech, and agriculture. This move diversifies India's oil sources amidst global supply chain challenges.
From the deepening rift within the Trinamool Congress in West Bengal to the U.S. House vote on the Iran war and the latest developments in the deadly Delhi fire tragedy, here are the top stories of the day on Above the Fold.
India is bolstering energy ties with Venezuela, now its third-largest crude supplier, to diversify imports amidst West Asia disruptions. Discussions also explored broader economic cooperation in sectors like mining, pharmaceuticals, and agriculture, with Venezuela viewing India as a stable, long-term partner. High-level delegations are examining investment opportunities.
Lalit Modi's candid conversation reveals his decade-long love story with Minal Sagrani, a woman ten years his senior and divorced. Despite family opposition and societal judgment, their bond deepened through friendship and shared experiences, leading to a marriage that defied convention. Minal's passing in 2018 left Modi with profound grief and regret.
NFL analyst Tony Farmer reignited controversy surrounding Mike Vrabel and Dianna Russiniโs relationship, arguing that important questions remain unanswered. Farmer claimed the situation may have created potential conflicts affecting media coverage, NFL teams, and bettors. He criticized the lack of transparency about when the relationship began and noted that some Patriots reporters reportedly avoid discussing Russini publicly. Despite calls to move on, Farmer insists the public still lacks clarity on the matter.
During their meeting, PM Modi and Delcy Rodriguez discussed ways to deepen cooperation in energy security, trade, investment, healthcare and transportation.