#NAMO

India had Inheritance Tax for over 3 decades, it was abolished by Rajiv Gandhi govt just a month before transfer of Indira Gandhi’s estate to her grandchildren

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The Chairman of the Indian Overseas Congress and Rahul Gandhi’s advisor Sam Pitroda stroked a political firestorm after he suggested a US-like inheritance tax in India as a way to redistribute wealth. As per the Congress leader, under this tax regime, more than half of the Wealth of a citizen will be grabbed by the government once … Read more

Union Budget 2023-24: MSME sector gets a boost, more focus on skilling and entrepreneurship, credit line extended

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Finance Minister Nirmala Sithraman presented the Union Budget 2022 on February 1. This year’s budget was Finance Minister Nirmala Sitharaman’s fourth successive budget. In her speech, Finance Minister Nirmala Sitharaman said that the Union Budget sought to lay the foundation and give a blueprint of the economy over ‘Amrit Kal’ of the next 25 years … Read more

Deposits in Jan Dhan Yojana bank accounts surpass the Rs 1.5 trillion mark, was at Rs 1 trillion in August 2013

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Deposits in bank accounts opened under the Modi government’s Jan Dhan initiative, which was introduced roughly seven and a half years ago, have surpassed Rs 1.5 lakh crore. The total balance in approximately 44.23 million Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was Rs 1,50,939.36 crore at the end of December 2021, according to the latest … Read more

Growth in imports from China slows down during Modi govt while India’s trade with other countries increase at a much higher rate

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Despite sour relations with China over aggressions at the border, India’s trade relations with the county continues on an upwards trend. India has a trade deficit with China for a long time now, which means India imports far from China compared to exports across the Himalayas. According to reports, India-China trade grew to a record $125 … Read more

Toughest, highest, remotest: Read how ECI navigates India’s vast geography to ensure no voter is left behind

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India’s dedication to democratic processes is demonstrated by its efforts to ensure that every individual gets an opportunity to exercise his/her right to vote. This includes setting up polling booths in some of the most distant and inaccessible areas of the country. From high-altitude Himalayan settlements to deep forests inhabited by indigenous tribes, these polling booths demonstrate … Read more

Indian economy projected to grow faster than other major emerging economies, thanks to Modi government’s PLI scheme, says World Bank report

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India’s gross domestic product (GDP) growth is estimated to be 8.3 percent this fiscal year and 8.7 percent in 2022-23, according to the latest Global Economic Prospects report by World Bank. The upgrade in growth prediction reflects increased private sector and infrastructure investment, as well as rewards from advancing reforms. This estimate for 2021-22 is identical to the … Read more

CBI books shipbuilding company ABG Shipyard and its directors in Rs 22,842 crore bank fraud case

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In one of the biggest bank fraud case registered by the Central Bureau of Investigation (CBI), the agency has charged ABG Shipyard Ltd, its then Chairman and Managing Director Rishi Kamlesh Agarwal, and others with defrauding a consortium of banks led by ICICI bank of over Rs 22,842 crore. CBI also named the former Executive Director Santhanam Muthaswamy, Directors … Read more

State-run banks recover Rs 6.4 lakh crore bad loans, and written-off loans since FY15 even as opposition creates confusion between ‘loan waiver’ and ‘loan writeoff’

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The Modi government recently completed 8 years of rule in the country. Reports released by the government state that the Public Sector Banks (PSBs) have recovered bad loans worth Rs 6.42 lakh crore since the financial year 2015. Along with this, 98.5% of willful defaulters have also been sued. According to the reports, from the financial … Read more

‘It is known as a biased organization with political agenda’: India firmly rejects USCIRF report on religious freedom in India

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India on Thursday rejected the report of the US Commission on International Religious Freedom that accused the ruling Bharatiya Janata Party (BJP) of “reinforcing discriminatory nationalist policies” and said the organisation is completely ‘biased’ and it doesn’t even expect from the organization to understand country’s diverse, pluralistic and democratic ethos. “The US Commission on International … Read more

CBI is an independent body, not under the control of Union of India: Central govt tells SC opposing WB govt’s plea against CBI probes

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The Central government on Thursday told the Supreme Court that the Central Bureau of Investigation (CBI) is an independent body and is not under the control of the Union of India and opposed West Bengal’s suit against the Centre over the CBI probes in the State. Solicitor General Tushar Mehta, appearing for Centre, raised preliminary … Read more