CATEGORIES

HARRIS IN RACE AGAINST TIME & TRUMP TO BREAK HIGHEST GLASS CEILING

BORN the year the US outlawed discrimination based on race, religion, sex and national origin, Kamala Harris has finally come within touching distance of realising the loftiest American dream-that the child of an immigrant can rise to the highest office.

PICKING UP IDEAS FROM THE OTHER SIDE OF AISLE

THE day after the Congress released its election manifesto this April, Prime Minister Narendra Modi said the document had the \"stamp of the Muslim League'.

FM STRIKES BALANCE ON FISCAL PRUDENCE AND SOCIAL DEMANDS

FOR any new government, life actually begins with the first budget.

THIS BUDGET IS A LONG, ARDUOUS MARCH OF HOPE

The govt skirted minefields of populism and opted for a structural approach on many demands. The moves will be deemed transformative only when they hit the ground

Electronics sector gets biggest PLI allocation

IN the Budget, the finance minister has allocated 12,493.02 crore for the Production Linked Incentive (PLI) scheme across different sectors for this financial year.

Govt sets 4.9% deficit target on fiscal correction path

EVEN though political imperatives vastly dominated the first Budget of the PM Modi-led NDA government's third term, Finance Minister Nirmala Sitharaman has walked the talk on her commitment to fiscal prudencemostly due to the whopping 2.11 trillion (2.11 lakh cr) windfall received from the Reserve Bankand has lowered the fiscal deficit target more than anticipated to 4.9% for this year and to 4.5% for the next.

Derivatives, capital gains tax rate hike bring markets down

THE Budget, which otherwise ticked all the boxes despite its heavy political tone and doles, has left stock market investors in disarray as the Finance Minister Nirmala Sitharaman has tweaked the tax rates for market assets-a fivefold increase in the securities transaction tax to 0.1% and a 2.5 percentage points hike in the long term capital gains tax to 12.5%.

FM coins new acronym-EMPLOYMENT

FINANCE Minister Nirmala Sitharaman on Tuesday emphasized the government's commitment to job creation and youth skilling initiatives by introducing a new acronym 'EMPLOYMENT'.

AIADMK says DMK govt is a burden on people, stages protest across state

CONDEMNING the DMK government for the increase of power tariff and alleged proposal to impose certain restrictions on the distribution of tur dal and palm oil in fair price shops, AIADMK organised demonstrations across the state on Tuesday.

MSMEs get collateral-free loan, but interest pain remains

THE Union Budget may have brought some cheer to MSMES with much needed reforms to tide over fiscal stress, but the lack of any reduction in interest rates on the loans given to the small and medium enterprises poses some concerns.

Farmers vexed over no loan waiver, MSP

THOUGH farmers have welcomed the budget announcement that one crore farmers will be initiated into natural farming in the next two years, they however, have expressed their dissatisfaction as there is no announcement on loan waiver or guaranteed minimum support price for their produce.

₹11L cr for infra boost lauded

INDUSTRY reacted positively to the budget and claimed it is supporting MSMEs, encouraging entrepreneurship, and boosting employment.

TAX SLABS DON'T PASS MUSTER WITH SALARIED CLASS

SALARIED taxpayers have said the new income tax slabs and a hike in the standard deduction announced in the Union Budget have fallen short of expectations.

'Gift to allies who got BJP majority'

SLAMMING the BJP-led centre for boycotting Tamil Nadu in the Union Budget, Chief Minister MK Stalin on Tuesday said giving funds generously to certain states for political reasons and spitting hatred on states like TN, which play a major role in country's growth, will destabilise India's democratic and federal principles.

Kanchi councillors want 'biased' commissioner transferred from corpn

A section of councillors in Kancheepuram Corporation, cutting across party lines, including ruling DMK, staged a sit-in protest at corporation office on Tuesday, condemning alleged bias shown by Corporation Commissioner M Senthil Murugan and demanding his transfer.

1 teacher for 88 kids: A sorry tale of corpn schools

THE delay in filling teacher vacancies in corporation schools in north Chennai is affecting daily classes and quality of education.

Denied adoption due to disability at first, couple finally brings baby home

AS a ray of hope to prospective adoptive parents with disabilities, S Velmayil (34) and P Baby (36), a couple with disabilities from Srivaikuntam in Thoothukudi district, adopted a four-month-old baby on Tuesday.

HMs, teachers, can't be used for non-academic work, says HC

THE Madurai Bench of Madras High Court said that services of headmasters and teachers of government schools should not be utilised for purposes other than teaching and school administration.

No relief to DMK MP as HC refuses to overturn order in FEMA case

IN a setback to DMK MP Jagathrakashagan in his legal battle to stall the Enforcement Directorate (ED) from going ahead with the proceedings for Foreign Exchange Management Act (FEMA) violations, the Madras High Court on Tuesday refused to overturn a single judge's order, which had turned down the MP's plea in November 2023.

AU panel to probe allegation of engg faculty on payroll of multiple colleges

NGO claims 47% of TN engineering colleges employ 'ghost profs' to meet AICTE norms

No NEET-UG retest as no proof of systemic breach: SC

THE Supreme Court on Tuesday refused to cancel the NEET-UG exam, observing that there is no data to suggest a systemic breach or violation of its sanctity, following two localised leaks of question papers.

Coalition compulsions in Andhra, Bihar bonanza

IN a generous display of coalition politics, the first Budget of Modi 3.0 handed out hefty financial packages for Bihar and Andhra Pradesh, ruled by its crucial allies, the Telugu Desam Party (TDP) and the JD (U).

Stalin lambasts budget, to stay off NITI Aayog

SLAMMING the BJP for \"ignoring\" Tamil Nadu in the Union Budget, Chief Minister M K Stalin on Tuesday said he will boycott the NITI Aayog meet to be chaired by PM Narendra Modi on July 27 in Delhi.

PATH OF PRUDENCE, NOT POPULISM

WHEN Finance Minister Nirmala Sitharaman on Tuesday rose to present Budget and spelled out the key themes employment, skilling, MSMEs, and the middle class-there was high hope that she would open the purse strings and announce some generous measures for the middle class. It was not to be.

Standard deduction up, tax slab tweaked

THE Union Budget offered some relief for individual taxpayers, though not as much as expected.

MAN WHO REDEFINED OLY SUCCESS

Abhinav Bindra competed in five Olympics and became the first individual gold medallist from the country at the 2008 Beijing Games. In the process, the shooter showed what was possible. Swaroop Swaminathan speaks to the legend about his stellar career spanning over 16 years and what it takes to achieve the ultimate glory...

More than 45% recognised start-ups emerge from tier-two, three cities

MORE THAN 45% of the recognised start-ups (about 56,000) are emerging out of tier 2/3 cities and more than 47% of the recognised start-ups have at least one woman director, according to the Economic Survey 2023-24 released on Monday.

Corp sector should take job generation seriously

THE Economic Survey 2023-24 has called upon the corporate sector to take its share of responsibility to create jobs seriously.

Economic Survey bats for FDI from China to boost manufacturing

INDIA will have to make a choice between allowing cheap Chinese products into India and attracting investment from China if it wants to give boost to manufacturing, the Economic Survey report said departing from a the government's largely anti-China stance.

Eco survey warns against F&O trade

No place for speculative trade as any potential fall in mkts can make investors feel 'cheated'