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World-beating growth? Not for India’s rural majority

January 31, 2024
Finance

BAHBOLIYA MAHADA, India, Jan 31, (Reuters) – Jakir Khan, an Indian farm worker, says he has cut down on food as his income has halved. There are fewer and fewer opportunities, he says, for employment in his small village in Uttar Pradesh state. Khan says his monthly income has come down to 5,000 Indian rupees ($60.17) from 10,000 Indian rupees before the pandemic, while his weekly expenses on food have gone up 60%. In November, he took a 100,000 rupees loan from relatives. Khan, like millions of others, is struggling with the economic slowdown in rural India, home to 60%

Chandigarh mayoral polls: AAP moves High Court, seeks fresh polls under supervision of retired judge

January 30, 2024
Corruption

Chandigarh, Jan 30 (PTI) The AAP on Tuesday moved the Punjab and Haryana High Court, seeking setting aside the mayoral poll results and demanding fresh elections under the supervision of a retired HC judge. The development came hours after the BJP swept Chandigarh mayoral polls, retaining all the three posts, in a setback to the Congress-AAP alliance which has alleged tampering with ballot papers by the presiding officer. The petition was filed by AAP councillor Kuldeep Kumar, who was the candidate for the mayor post, according to party sources. The petitioner sought setting aside the process of the election of

Radha Raturi to be first woman Chief Secretary of Uttarakhand

January 30, 2024
Politics

Dehradun (Uttarakhand) [India], January 30 (ANI): IAS officer Radha Raturi will be the first woman Chief Secretary of Uttarakhand, officials said on Tuesday. According to information received by ANI from the state government, 1988 batch IAS officer Radha Raturi will be the new Chief Secretary of Uttarakhand. An Indian Administrative Service (IAS) officer of the 1988 batch, Raturi is currently the additional chief secretary of Uttarakhand. Raturi is the first woman to hold the top administrative post in Uttarakhand. Raturi has handled many important posts in the state bureaucracy in the past. Besides the District Magistrate of many districts in

What industry wants from India’s budget

January 30, 2024
Finance

NEW DELHI, Jan 30 (Reuters) – India’s Finance Minister Nirmala Sitharaman will on Thursday present the last federal budget of the current Narendra Modi-led administration before the country heads for polls in the summer. Industry lobby bodies are suggesting the government continue spending on infrastructure, expand incentives for manufacturing and tweak import taxes on inputs for certain goods. The government is considering raising capital spending to as much as 12 trillion rupees from the current year’s plan of 10 trillion rupees. India’s electronics minister has made a case for lowering duty on mobile phone components. INVESTMENT SPENDING The government should

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A man walks past a screen displaying the news and stock market updates at the Bombay Stock Exchange (BSE) in Mumbai, India, March 2, 2026. REUTERS/Francis Mascarenha

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