Union Budget 2025-26: Consumption over capex, rise of the middle class

Union Budget 205 Positives and Disappointments: The personal taxation relief for the middle class should be positive for discretionary spend, particularly in autos, jewellery, travel and somewhat in real estate

Business Standard

New Delhi [India], March 3: In 2023, India witnessed a significant surge in domestic tourism, with 250 crore domestic tourist visits recorded. This increase in road travel underscores the importance of preparing for potential vehicular issues during trips.

Hit the Road with Confidence: Why You Need Royal Sundaram\'s 24/7 Roadside Assistance for Your Summer Trip

Barcelona [Spain] / Chennai (Tamil Nadu) [India], March 3: Prodapt, a leading provider of consulting, business reengineering, and managed services for the telecom and technology industry, today announced AI agents built on the ServiceNow platform for enterprises to maximize productivity and accelerate business transformation.

Prodapt Announces Telco AI Factory on ServiceNow to Power Enterprise Productivity

New Delhi [India], March 3: The Global Business Symposium 2025 was held on 28th February 2025 at Amari Bangkok Hotel, Thailand. The event commenced with the recognition of Nikorn Sachdev, Key Advisor to Thailand's Ministry of Tourism and Sports and the First House Speaker of Parliament; Dr. Nattapon Chawla, the Executive Director of Indo-Thai Chamber of Commerce and Somchai Chatry, Chairperson of Thai Nepali Association, Philanthropist  &amp;  Social Activist as Pride of Asia - Icons- Thailand Edition by Saimik Sen, the Editor-In-Chief of Herald Global, setting a high-spirited tone. The Pride of Asia- Thailand Edition was marked by the felicitation of eminent names who have advanced their talents and skills in building up the glory of Thailand. Pride of Asia -Thailand Edition was designed keeping in mind those iconic figures across the sands of Thailand who have made the entire Thailand and Asia proud with their achievements  &amp;  laurels. 

Saimik Sen Editor, Herald Global Felicitated Pride of Asia and Prestigious Brands Asia at the Global Business Symposium 2025, Bangkok

A Delhi court on Monday directed Congress leader Sandeep Dikshit to share documents related to his defamation suit with Aam Aadmi Party (AAP) leaders Atishi and Sanjay Singh.
Additional chief judicial magistrate Paras Dalal also directed the complainant to supply a copy of the pen drive containing the alleged defamatory statements to the respondents.
The defamation suit claims that former chief minister Atishi and AAP's Rajya Sabha MP Sanjay Singh, during a press conference on December 26 last year, accused Dikshit of taking crores of rupees from the BJP, and the Congress of colluding with the saffron party to defeat the AAP.
The lawsuit alleged that the two AAP leaders were "deliberately causing harm to Dikshit's goodwill."
The court on January 16 issued a notice to Atishi and Singh based on the complaint.
The case would come up on March 12.

Sandeep Dikshit, Congress leader

The Jharkhand government will initiate legal action to realise its "Rs 1.36 lakh crore dues" pending with the Centre, Finance Minister Radhakrishna Kishore informed the assembly on Monday.
Kishore made the assertion while presenting the state budget of Rs 1.45 lakh crore in the House.
Earlier, during Question Hour, Excise Minister Yogendra Prasad, however, said that a joint committee has been formed comprising representatives of the Centre and the state to evaluate the exact outstanding amount.
The state government has been claiming for several years that the Centre owes Rs 1.36 lakh crore to the state in lieu of coal mined by entities such as Coal India Ltd.
"A joint committee of the Centre and the state has been formed on March 1 this year. The panel will assess the state's claim of Rs 1.36 lakh crore coal dues and verify the outstanding in every head. We will realise the amount as per the committee report," Prasad said in the assembly in reply to a query.
The government's reply

Rs, Rupee, Indian Currency

According to the complainant, Sebi officials permitted the listing of a company that failed to meet regulatory norms, leading to market manipulation and investor losses

Sebi Chairperson Madhabi Puri Buch (Photo: PTI)

Sebi Chairperson Madhabi Puri Buch

Sensex Today | Stock Market LIVE Updates: In the broader market, the Nifty MidCap, and SmallCap indices, however, held losses up to 1 per cent in intra-day deals on Monday.

Sensex, Nifty, BSE, NSE, stock market

Apple's rapid India pivot now faces a Trump-sized tariff pothole

Apple

Europe's leaders have correctly decided that they now need as many friends: Japan, the South Americans, India, the Gulf kingdoms as they can possibly cobble together

Modi, Narendra Modi, Ursula von der Leyen, Ursula, von der Leyen, Leyen

Speaking at the second edition of Mumbai Tech Week on March 1, Ritesh Agarwal highlighted the need for a mindset shift

Oyo founder Ritesh Agarwal

Odisha Chief Minister Mohan Charan Majhi has set a target of spending 85 per cent of the budget estimates for 2024-25 fiscal against an expenditure of 81 per cent achieved in 2023-24, an official statement said.
Majhi, who also holds the Finance portfolio, set this target while reviewing the expenditure of different departments on Thursday.
Though the expenditure was affected due to the elections, government transition, and budget presentation in September, Majhi said spending was apparently satisfactory.
"To meet the target, Majhi advised ministers to approve expenditure proposals and clear pending payments under welfare schemes", the statement issued by the CMO said.
Stating that Odisha's 6.1 per cent allocation of its Gross Domestic Product (GSDP) to capital expenditure is the highest in the country, the chief minister said programme expenditure and capital expenditure were crucial for the overall growth.
The statement said the expenditure was good in the departments of ...

15th Chief Minister of Odisha Mohan Majhi (X/PTI)

Mohan Majhi Odisha CM

The Supreme Court on Friday stayed any new construction or renovation at the centuries-old religious structures inside the Mehrauli Archaeological Park in the capital including the 13th Century Ashiq Allah Dargah and Chillagah of Baba Farid, the revered Sufi saint.
A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar was hearing a plea filed by one Zameer Ahmed Jumlana seeking protection of the religious structures inside the archaeological park from demolition.
Senior advocate Nidhesh Gupta referred to the Archeological Survey of India's (ASI) status report and said a historical monument found there was built around 700 years ago.
The CJI said people keep encroaching and putting up shops to earn money while asking the ASI to prepare a site plan to ensure no further encroachment.
Additional solicitor general K M Nataraj said, Let us find out which are built newly and which are old."
A lawyer said these monuments were not declared protected ones and, therefore, t

construction

Union Health Minister J P Nadda on Friday said that India will meet the target of eliminating tuberculosis (TB) from the country by the end of this year, five years ahead of the global target.
Nadda said this while inaugurating the 9th National Summit on Good and Replicable Practices and Innovations in Public Healthcare System in Puri. The Ministry of Health and Family Welfare (MoHFW) has organised the two-day-long conference.
"As per the Sustainable Development Goals (SDG), India has to eliminate TB by 2030. But, we are all set to achieve it by 2025," Nadda said.
"We have already identified 5 lakh TB patients during the ongoing 100-day TB Mukt Bharat campaign in 455 districts across the country.  An extensive campaign is going on. We are going to include all aspirational districts and aspirational blocks under the campaign so that we will be able to eliminate tuberculosis by the end of 2025," he said.
Nadda advised the participating health officers to treat the public representati

JP Nadda, Nadda

India's largest IT services company Tata Consultancy Services (TCS) on Friday announced an extension of its partnership with Norway's largest financial services group, DNB Bank ASA, for an additional five years.
It, however, did not divulge the financial details of the extended contract.
With the renewed pact, TCS will continue as DNB's strategic partner, supporting the bank's digital modernisation, while enhancing cost efficiency targets, according to a release.
TCS will also deploy next-generation technology for DNB's modernisation initiatives by maintaining and developing new applications, strengthening security capabilities, and providing insights on next-generation technologies, including Artificial Intelligence (AI) and quantum computing.
Elin Sandnes, Group EVP of Technology and Services at DNB, said that the group already has a longstanding and proven relationship where TCS has helped enable some of the biggest transformations and innovations over the past twelve years.
"W

TCS, Tata Consultancy

Young employees working in IT sector (84.3 percent) and media (83.5 percent) are experiencing higher levels of work stress in Kerala, according to a survey conducted by the state Youth Commission.
Kerala Youth Commission chairman M Shajar presented the survey report to Chief Minister Pinarayi Vijayan on Thursday in the presence of state Minister for Fisheries, Culture and Youth Affairs Saji Cheriyan.
According to the survey, about 80.6 per cent employees from banking and insurance sector and 75.5 percent from gig economy have also reported work stress.
Employees working in retail and industrial sector related comparatively lower level of work stress, said the report prepared based on a survey conducted among employees in the age group of 18-40 years.
As many as 1,548 employees from five sectors-- IT, gig economy, media, retail/industrial, and banking/insurance participated in the survey.
The study showed that highest level of work stress among the respondents in the age group 30-3

Stress, Depress, Sadness, Employee

The father of an Indian woman on death row in Abu Dhabi has approached the Delhi High Court, seeking to know her well-being.
In his petition, which is likely to come up for hearing on Monday, Shabbir Khan -- a? resident of Banda in Uttar Pradesh --? said there was "profound uncertainty" with respect to his daughter Shahzadi's condition, and his repeated applications to the Ministry of External Affairs for clarification were "fruitless".
The plea further alleged that Shahzadi was inadequately represented before the local courts in a case pertaining to the alleged murder of her employer's four-month-old child and she was pressured into "confessing", leading to the imposition of death penalty on July 31, 2023.
"On February 14, 2025, the petitioner's daughter telephoned him from detention, informing him that she had been relocated within the facility and prior to her potential execution, her final wish was to speak with her parents," the petition said.
"The petitioner, with considerabl

gavel law cases

Taxing FIIs on their gains, who face forex risks, and have no tax set-off available in their home country is a big mistake that the government is making, said Sami Arora at BS Manthan.

Samir Arora at BS Manthan

Looking at India's growth performance from the expenditure lens indicates a pickup in the private consumption expenditure to 6.9% YoY in Q3FY25 compared to 5.9% YoY in Q2FY25

GDP, India GDP

Niti Aayog's Suman Bery highlighted the need for agricultural reforms, labour formalisation, and increased women workforce participation to sustain India's growth amid shifting global dynamics

US is protective about its top dog position, Suman Bery, vice chairperson, NITI Aayog said.

A committee under the Additional Secretary and Director General (Acquisition) is driving reforms in the Defence Acquisition Procedure 2020, with the process expected to be completed in six months

Unmesh Kulkarni

Unmesh Kulkarni

Unmesh Kulkarni

Union Budget 2025-26: Consumption over capex, rise of the middle class

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Hit the Road with Confidence: Why You Need Royal Sundaram's 24/7 Roadside Assistance for Your Summer Trip

Prodapt Announces Telco AI Factory on ServiceNow to Power Enterprise Productivity

Saimik Sen Editor, Herald Global Felicitated Pride of Asia and Prestigious Brands Asia at the Global Business Symposium 2025, Bangkok

Defamation case: Court asks Sandeep Dikshit to share info with AAP leaders

Govt to initiate action to realise Rs 1.36 trn pending dues: J'khand FM

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