GOVERNMENT
Corporate governance crucial for curbing fraud, says MCA report
The corporate affairs ministry has emphasized the importance of corporate governance to prevent fraud, protect investors, and maintain market confidence. This comes amid probes into alleged governance failures at Gensol Engineering and Byju's. The ministry highlighted legal safeguards under the Companies Act to ensure fairness and transparency, allowing stakeholders to address mismanagement.
Delhi government forms 10-member committee to draft revised EV policy
The Delhi government has established a 10-member committee to revise its electric vehicle policy, focusing on transitioning CNG vehicles to electric and improving charging infrastructure. The committee will address subsidy disbursement delays, promote last-mile connectivity with e-rickshaws, and set targets for private and semi-public charging stations.
Government of Singapore buys 1.84 crore shares in JSW Infrastructure worth Rs 531 crore via block deal
The Government of Singapore on Friday bought over 1.84 crore shares of JSW Infrastructure worth Rs 531 crore via a block deal. The shares were bought at a price of Rs 288.1 which was at a discount of nearly 3% from the Thursday closing price of Rs 296.70.
Bihar government hikes DA for its employees to 55 pc
The Bihar government has announced a DA hike for its employees and pensioners. This decision was made during a state cabinet meeting led by Chief Minister Nitish Kumar. Employees under the 7th Pay Commission will see a DA and DR of 55 percent. Those under the 6th and 5th Pay Commissions will also receive increased benefits.
Indo-Pak conflict: Government to send delegations for diplomatic outreach to expose Pakistan on terrorism
The government plans to dispatch multi-party parliamentary delegations to various countries to articulate India's stance on Pakistan-sponsored terrorism. Despite criticizing the Prime Minister's prior actions, the Congress party has confirmed its participation in these delegations, emphasizing its commitment to national interest and non-politicization of security matters. This decision follows recent counter-terrorism operations by India.
PM Narendra Modi to chair NITI Aayog Governing Council meet on May 24
Narendra Modi, the Prime Minister, will preside over NITI Aayog's Governing Council meeting. The meeting is scheduled for May 24. The agenda is currently being finalized by officials. The council includes chief ministers and lieutenant governors. Union ministers are also part of the council. The council's first meeting occurred on February 8, 2015.
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Is there a new government scheme offering earnings of Rs 10,000 per day? PIB clarifies
A fraudulent website falsely claims that Prime Minister Modi launched a project enabling citizens to earn up to Rs 10,000 daily, leading to ATM queues. PIB Fact Check has debunked this as fake, warning against sharing personal or financial information on such deceptive sites.
Union Minister Shivraj Singh Chouhan announces Rs 380 cr package for farmers' welfare in Nagaland
Union Minister Shivraj Singh Chouhan announced a Rs 380-crore package to boost Nagaland's agricultural sector. He urged the state government to create a detailed agriculture development plan to utilize the funds effectively. Governor La Ganesan hailed the package as transformative for rural Nagaland, emphasizing veterinary education's role in food security and sustainable livelihoods.
Pay 25% DA to state government employees: Supreme Court to West Bengal
The Supreme Court has instructed the West Bengal government to provide a 25% Dearness Allowance (DA) to its state government employees, with the payment deadline set within three months. This interim order addresses a dispute initiated by employees seeking DA parity with central government rates. Despite incremental increases, a significant 37% gap remains, fueling discontent among the workforce.
IRFC shares rally 6% after government nod for Rs 10,000 crore deep-discount bond issue
IRFC surged 6.4% after receiving government approval to raise Rs 10,000 crore via deep-discount bonds. This marks a strategic funding shift as IRFC diversifies beyond railways into power and infrastructure. The move reflects growing PSU interest in zero-coupon instruments despite past investor hesitancy with similar offerings.
US international students warned by FBI about scam calls from ‘US Immigration’
The FBI has issued a warning regarding scammers targeting foreign students in the US, particularly those from Middle Eastern countries. Impersonating federal and foreign government officials, the scammers claim immigration status issues and demand payments for fabricated fees or services. This scheme capitalizes on heightened anxiety among international students due to increased immigration scrutiny.
India bonds inch up tracking US Treasuries; debt supply eyed
Indian government bonds experienced gains in early trading, influenced by rising U.S. Treasuries, as traders prepared for a weekly debt sale. The positive sentiment was further supported by signs of a slowing U.S. economy, increasing expectations of Federal Reserve interest rate cuts.
Delhi govt to develop data hub to ensure genuine beneficiaries get welfare scheme benefits
The Delhi government is developing a unified data hub. This hub will consolidate beneficiary data from various departments. It aims to ensure only eligible individuals receive welfare benefits. The hub will prevent duplication and weed out ineligible applicants. It will collate personal and household data from multiple sources. This includes food, revenue, water, power, and municipal departments. The unified platform will enable cross-referencing and verification of applicants.
Presidential reference on SC's timeline for bill assent sparks a legal debate
A Presidential reference has ignited legal discussions regarding the Supreme Court's directive to establish timelines for Governors and the President to approve State Bills. Experts are divided on whether the court can impose binding deadlines on constitutional authorities through Article 142. The core issue revolves around the balance between federalism, governance, and the discretionary powers of constitutional authorities.
Government revokes security approval for Turkish ground handler Celebi
India's aviation security regulator has revoked the security clearance of Celebi Airport Services India, a Turkish ground handling firm, citing national security concerns following reports of Turkish drone usage against India. The government has allowed time till May 19 for other agencies to take over Celebi's operations, ensuring seamless passenger and cargo handling at affected airports.
PM Modi to chair Niti Governing Council meeting in May
Niti Aayog's 10th governing council meeting, chaired by PM Modi, will focus on entrepreneurship, employment, and skilling to harness India's demographic potential. States will be encouraged to implement employment-linked incentive schemes and enhance ease of doing business. The aim is to facilitate India's transition to a high-income nation with emphasis on women-led development and governance reforms.
Centre flags cyber threats after halt in fighting with Pakistan
Following a ceasefire with Pakistan, the Indian government has issued a series of cybersecurity advisories. Ministries and departments are urged to heighten vigilance against cyber warfare, implement stringent security measures, and conduct preparedness exercises. These actions aim to protect government communications, websites, and critical infrastructure from increasing cyber threats like defacement and data breaches.
Interest subsidy may return to help MSMEs compete in global market
The government is contemplating reinstating interest subsidies on export credit, particularly for MSMEs, under the proposed Export Promotion Mission. This move aims to enhance their competitiveness amidst global tariff uncertainties, addressing concerns raised after the previous interest equalisation scheme was discontinued in December 2024.
Three civic bodies may replace BBMP, says CM Siddaramaiah
Chief Minister Siddaramaiah announced that the Bruhat Bengaluru Mahanagara Palike (BBMP) might be replaced by three civic bodies to better manage Bengaluru's civic affairs. With the Greater Bengaluru Governance Act, 2024, now in effect, Bengaluru will be known as Greater Bengaluru. The Greater Bengaluru Authority (GBA) will be chaired by Siddaramaiah to supervise and coordinate the greater Bengaluru area.
Shocking poll reveals 71% of Democrats want Elon Musk behind bars, billionaire faces unprecedented political backlash for his DOGE role
Elon Musk imprisonment poll results have taken the internet by storm as 71% of Democrats reportedly support a law that would send Musk to prison for leading Trump’s new government efficiency project, DOGE. This shocking political twist is stirring intense national debate over free speech, innovation, and partisanship. The new Rasmussen and Heartland Institute survey reveals deep divisions, surprising statistics, and growing dislike among left-leaning voters. If you’re wondering why so many Americans want Elon Musk banned from government, this story breaks it down clearly, with all the numbers and reactions you need to know.
Japan aims for 1% real wage gains in five years
The government will set a goal of reaching 1% annual gains in real wages by the fiscal year starting in April 2029, according to a policy draft by Prime Minister Shigeru Ishiba's new capitalism panel released Wednesday. The goal is based on the premise that stable and sustainable 2% inflation is in place.
No scarcity of drinking water in summer in the state says Gujarat Government
The Gujarat government assures citizens of adequate drinking water during the summer, with 2.23 Lakh MCFT available against a requirement of 14,895 MCFT. Water from 64 reservoirs is reserved for drinking, and 15,720 villages receive water through surface water schemes. Sufficient water is available in major dams until July 15, 2025, with remaining water allocated for irrigation.
Uttar Pradesh government to develop 12 e-way hub across two expressways at Rs 425.43 crore
The Uttar Pradesh government plans to develop twelve modern e-way hubs. These hubs will be along the Purvanchal and Bundelkhand Expressways. UPEIDA has created a master plan for seamless services. Eight hubs are planned for Purvanchal Expressway. Four hubs will be on Bundelkhand Expressway. These hubs will feature airport-grade facilities. Modern restrooms and amenities for all will be available.
CGHS beneficiaries: New CGHS website to make payments as government has shut old website
Central Government Health Scheme introduces a new Health Management Information System. The digital platform aims to improve healthcare access for beneficiaries. It replaces the old software with faster, user-friendly services. Key features include PAN-based identification and online card modifications. Real-time tracking and a mobile app are also available. Beneficiaries need to link their PAN and reset passwords.
Goa temple tragedy was 'entirely preventable': Report
A government-appointed committee found that the fatal stampede at a Goa temple, which resulted in six deaths and numerous injuries, was preventable. The tragedy stemmed from poor planning, inadequate enforcement, and ignored directives, exacerbated by overcrowding and unruly devotee behavior on a sloping pathway. The report highlights a lack of crowd control and recommends measures to prevent future incidents.
Don't politically penalise Modi Govt for exploring peaceful means: Mehbooba Mufti
Mehbooba Mufti urges the Opposition to avoid knee-jerk reactions and political point-scoring, supporting the Modi government's peaceful initiatives. She emphasizes the need for bipartisan statesmanship and national consensus on a peace process, drawing parallels to Vajpayee and Singh's cross-border engagement. Mufti also highlights the distraction caused by toxic narratives amplified by television channels, urging focus on real challenges.
Sebi easing norms for foreign investors buying only government bonds
India's markets regulator has proposed to reduce regulatory requirements for foreign investors investing exclusively in the country's government bonds, it said on Tuesday, as it looks to boost investments in these securities.
British government suffers setback in AI copyright battle
Under the proposed law, companies developing AI models would not need permission from creatives to access certain content -- a plan that has provoked a fierce backlash in the cultural sector. More than 400 artists and other creatives have signed an open letter calling for the plans to be scrapped, including Paul McCartney, Elton John and Dua Lipa.
Punjab government "equals" Congress' 5-year GST collection in just 3 years, claims Harpal Singh Cheema
Punjab Finance Minister Harpal Singh Cheema announced that the AAP government has matched the Congress government's five-year GST collection in just three years, totaling Rs 63,033 crore. The government curbed tax evasion through strict measures and exposed a Rs 163 crore fake billing scam in Ludhiana.
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