The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.
Meiteis, Kukis urge Centre to control situation in Manipur
As the ethnic unrest continues in Manipur, representatives of the Meitei and Kuki communities on Wednesday sought restoration of peace in the state even as differences remained stark.Members from the Kuki-Hmar-Zomi-Mizo tribes held a protest at the Jantar Mantar here demanding that Chief Minister Biren Singh be sacked and President's rule implemented in the state. A press conference was held by representatives of the Meitei community who demanded the Centre's intervention in restoring peace in the state. (PTI)
Under PM Modi's leadership, we are now aspiring to be 3rd largest economy: Rajeev Chandrasekhar
"...He (PM Modi) has brought India from the depths of 2014, from being the 11th or 12th largest economy in the world to the 5th largest economy. We are now aspiring to be the 3rd largest economy. For the first time in the history of modern India, we are looking to the future to become a developed nation," Union Minister Rajeev Chandrasekhar said.
Some e-chip firms including Vedanta to re-apply under revised scheme opening on June 1
Some applicants including Vedanta Foxconn JV are expected to re-apply for government incentives under the modified semiconductor scheme opening from June 1, according to sources. Under the Modified Semicon India Programme, the government has increased the financial incentive of 50 percent of the project cost for companies, consortia, joint ventures for setting up semiconductor fabs in India of any node (wafer size). In the old scheme, the incentives varied on the basis of wafer node size. In the old scheme, the incentives varied on the basis of wafer node size.
Treatment of Indian wrestlers was very disturbing: IOC
The International Olympic Committee (IOC) has condemned the manner in which the protesting Indian wrestlers were being treated by Delhi Police over the weekend, terming it "very disturbing" in a strongly-worded statement. The IOC's reaction follows the United World Wrestling's (UWW) criticism of the detention of the grapplers during their protest at Jantar Mantar, in which the sport's world body threatened to suspend the national federation if it fails to hold its election within the stipulated time.
Former leaders of Imran Khan's party meet Qureshi to convince him to part ways with ex-premier
Pakistan Tehreek-e-Insaf's former leaders on Wednesday met party's Vice-Chairman Shah Mahmood Qureshi in Adiala jail and tried to convince him to part ways with the deposed prime minister Imran Khan, who had announced that the former foreign minister will lead the party in case he is disqualified. Citing the well-placed sources, Geo TV reported that a delegation of former leaders of Khan's party comprising Fawad Chaudhry, Imran Ismail, Mahmood Moulvi and Aamir Kiani met Qureshi in the prison and tried to convince him to part ways with Khan.
Govt committed to restoring peace in Manipur, ensuring return of displaced people: Amit Shah
On the third day of his ongoing visit to violence-hit Manipur, Union Home Minister Amit Shah said on Wednesday the government is committed to restoring peace in Manipur as early as possible and ensuring the return of all displaced people to their homes.
Shah also reviewed the security situation during the day with top officials in Imphal and the border town Moreh and directed them to take stern and prompt actions against armed miscreants to prevent violence and recover looted weapons to bring back normalcy at the earliest. (PTI)
India GDP LIVE | FY23 growth shows economy resilient amid global challenges, says PM Modi
"The 2022-23 GDP growth figures underscore the resilience of the Indian economy amidst global challenges. This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people," Prime Minister Narendra Modi tweeted.
Manipur Crisis | Union health ministry dispatches teams of doctors to support public health efforts
The Union Health Ministry has deputed six teams of doctors to support public health efforts in strife torn Manipur. Six teams of doctors, with four doctors each specialising in surgery, psychiatry, medicine,gynecology, pediatric, urology and emergency care will support the state to provide health facilities.
PM Modi 'specimen' of people who thinks they know more than God: Rahul Gandhi; BJP says Rahul 'fake Gandhi', 'insults' India
Rahul Gandhi took a dig at Prime Minister Narendra Modi on Wednesday, describing him as a "specimen" who thinks he knows more than God and alleged that the idea of India is under attack, prompting a furious BJP to slam him as a "fake Gandhi" who "insults" India on the foreign soil in his bid to target Modi. BJP leaders launched an all-out attack on the former Congress president for his swipe at Modi and his dispensation, with Information and Broadcasting Minister Anurag Thakur claiming that Gandhi goes abroad on "sponsored programmes" for "anti-India propaganda" to insult the country on the foreign soil.
Civil aviation ministry comes out with draft aircraft bill
The civil aviation ministry has come out with a draft bill for putting in place a simplified approach for regulations pertaining to the aviation sector. The Draft Aircraft Bill, 2023, has been prepared after reviewing the existing Aircraft Act, 1934.As per the preamble of the Draft Aircraft Bill, 2023, it aims to have an Act to make better provisions for regulation and control of the design, manufacture, possession, use, operation, sale, import and export of aircraft and for connected matters. The bill has been issued by the ministry for public consultations for a period of 30 days, according to a communication dated May 30.
Congress takes public's vote, makes them suffer: PM Modi in Ajmer
"Congress was taking votes from the people and making them suffer. In 2014, you (the people) turned this environment of disappointment into the faith of development with a single vote," PM Modi said, while addressing a rally in Rajasthan's Ajmer.
MC Opinion | Imran Khan: The cricketer, charisma, and the military conundrum
A conversation beganovertwo decades ago. It was an idyllic setting of an all-white background, yet the license to add colour was given to an assortment of lilies, roses, and jasmine. A reflecting pool could be seen in the distance, but the individual elegantly dressed, looking dapper was reflecting on much more. The questions posited touched on the euphoric highs of his cricket exploits to the gentle lows of his divorce to Jemima Goldsmith. Imran Khan’sRendezvous’ interview with Simi Garewal was one of the first instances where India was seeing a changed individual. No longer, just the famous ex-cricketer, but one on a harder quest, to try and captain a new side – the entire population of Pakistan. Read more.
Zimbabwe to hold general election on August 23
President Emmerson Mnangagwa said on Wednesday that Zimbabwe will hold its presidential and parliamentary elections on August 23, despite the nation's ongoing economic turmoil.
Mnangagwa, who was elected president in 2018, will run for reelection. Following Robert Mugabe's overthrow by a military coup in 2017, he was elected.
Nelson Chamisa, a 45-year-old lawyer and pastor who is the leader of the recently established Citizens Coalition for Change (CCC), is the 80-year-old's major opponent.
Allahabad HC dismisses Muslim sides' plea; upholds maintainability of suit by Hindu parties
In the Gyanvapi Shrinagar Gauri case, the Anjuman Intezamia Committee, which represents the Muslim side, filed a petition challenging the maintainability of the Hindu side's argument. The Allahabad High Court dismissed the petition on today.
Hindu worshippers asked for permission to offer daily prayers to Hindu gods in the Gyanvapi mosque.
The mosque committee's attempt to have the Varanasi court dismiss the lawsuit filed by five Hindu women worshippers be denied by the high court.
Nepal PM arrives in Delhi
Pushpa Kamal Dahal, the prime minister of Nepal, arrives in Delhi for his first trip abroad since taking office. At the airport, MoS Meenakashi Lekhi greeted him.
He is in India for a four days trip.
Power project developers will be required to infuse equity amount of total Rs 3,63,547 crore
National Electricity Plan: Power project developers will be required to infuse equity amount of total Rs 3,63,547 crore and arrange total debt of Rs 10,90,641 crores based on the estimation of fund requirement for the period 2022-27.
National Electricity Plan: Capacity totaling to 10044.295 MW for period (2017-22) have been retired. This includes retired coal and gas- based capacity totaling to 2695.295 MW, which were not envisaged to retire during the period 2017-22.
National Electricity Plan: Power capacity of 2121.5 MW has been considered for retirement in 2022-32.
National Electricity Plan in-depth
National Electricity Plan: The projected capacity addition requirement during the period 2022-27 to meet the peak demand and energy requirement for the year 2026-27 is 211,819 MW comprising 31,880MW of Conventional capacity and 179,939 MW of Renewable based Capacity.
National Electricity Plan: Based on generation planning studies carried out for the period of 2022-27, India’s likely installed capacity for the year 2031-32 is 900,422 MW comprising 304,147 MW of Conventional capacity and 596,275 MW of renewable based capacity.
National Electricity Plan: Apart from under construction coal based capacity of 26.9GW, the additional coal based capacity required till 2031-32 may vary from 19.1 GW to around27.1 GW across various scenarios.
National Electricity Plan: The domestic coal requirement has been estimated to be 866.4 Million Tonnes for the year 2026-27 and 1025.8 Million Tonnes for the year 2031-32 and an estimated requirement of 28.9 MT of coal imports for the plants designed to run on imported coal.
National Electricity Plan: The total fund requirement for the period 2022-2027 is estimated to be Rs. 14,54,188 Crores.
National Electricity Plan: The total fund requirement for the period 2027-2032 has been estimated to be Rs. 19,06,406 Crores.
National Electricity Plan: Power project developers will be required to infuse equity amount of total Rs 3,63,547 crore and arrange total debt of Rs 10,90,641 crores based on the estimation of fund requirement for the period 2022-27.
Delhi HC asks DGCA why different responses were given to different aircraft lessors
Delhi High Court asks DGCA why different aircraft lessors were given different responses when they sought for deregistration of aircraft. Further asks DGCA to explain this with relevant documents.
Central Electricity Authority notifies National Electricity Plan
Central Electricity Authority notifies National Electricity Plan which covers review of 2017-22and a detailed plan for 2022-27.
Vedanta's debt equity ratio is comfortable, vision is to be zero debt in a few years, says Chairman Anil Agarwal
“Debt equity ratio is comfortable, our banks are comfortable. Vision is to be zero debt in a few years. We have a complete business plan for debt servicing,” says Anil Agarwal to shareholders in Vedanta Townhall on debt at group level.
We are fully equipped to make semi-conductors, says promoter Anil Agarwal to shareholders
We have selected Gujarat as the site for the semi-conductor project, the government is with us shoulder to shoulder, said Promoter Anil Agarwal to shareholders in Vedanta Townhall.
New Parliament Building
“PM took people of only one religion inside the New Parliament building (during inauguration). He should have taken people of all religions as he is the PM of 130 crore people of India and not only of Hindus, told AIMIM chief Asaduddin Owaisi to news agency ANI.
Food grain scheme to utiilise already allocated funds
Scheme to boost food grain storage capacity to utilise funds already allocated to other schemes, says Information minister Anurag Singh Thakur.
Cabinet to launch programme under Smart City Mission
Cabinet approves launching programme under Smart City mission, to take up circular economy projects in 18 cities, says Information minister Anurag Singh Thakur.
Cabinet approves scheme to boost storage capacity for food grains
Information minister Anurag Singh Thakur said the scheme to boost food grain storage capacity via cooperative sector to cost Rs 1 lakh crore.
He added the scheme to boost foodgrain storage capacity to be launched as pilot in 10 districts, then taken to rest of country.
Not found sufficient evidence to arrest Brij Bhushan: Delhi Police
The Delhi Police on Wednesday said it has not found sufficient evidence to prove women wrestlers' allegations of sexual harassment against Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh and to arrest him. Read more
If need be, I will even give up my medal, says boxer Vijender Singh
I am with women wrestlers. If need be, I will even give up my medal, Vijender Singh said
Karnataka Govt to implement all five poll guarantees, assures CM Siddaramaiah
"Govt has taken a decision to implement all the five poll guarantees," Karnataka CM Siddaramaiah said after the pre-cabinet meeting in Bengaluru
40-50 FDI proposals from countries sharing land border with India pending for approval
About 40-50 foreign direct investment (FDI)proposals from countries sharing land border with India under the provisions of Press Note 3 are pending for approval with the government, official sources said. Read here
Wrestlers Protest LIVE: Congress leader Vijender Singh addresses the press
“If this would have happened during Congress’ rule, the minister would have been suspended by now,” says former boxer and Congress leader Vijender Singh.
Wrestlers Protest LIVE: WFI chief and BJP MP Brij Bhushan Sharan Singh urges protesting wrestlers to present evidence to Court
"If a single allegation against me is proven, I will hang myself. If you (wrestlers) have any evidence, present it to the Court and I am ready to accept any punishment," says WFI chief and BJP MP Brij Bhushan Sharan Singh
NIA busts terror operation in Jharkhand
Over the last two days, the National Investigation Agency (NIA) has confiscated a substantial amount of explosives, guns, and ammunition from the state in the PLFI terror funding investigation, with the assistance of Jharkhand Police, the NIA said
Nepal PM emplanes for Delhi visit
Nepal Prime Minister Pushpa Kamal Dahal ‘Prachanda’ emplanes for Delhi from Nepal's Kathmandu for his four-day visit to India.
Wrestlers Protest LIVE: Police claims sufficient evidence to arrest Brij Bhushan Singh not found yet
-Top Sources in Delhi Police told ANI that they have not found sufficient evidence to arrest Brij Bhushan Singh. They also claimed that they will be filing their report in court in 15 days. The police added that it could be in the form of chargesheet or final report.
News Alert
Punjab Government reallocates the portfolios of the five cabinet ministers.
Delhi Murder Case LIVE: BJP demands death penalty for accused in Shahbad Dairy murder
-BJP leader Manoj Tiwari addressed the media and demanded that the accused in the Shahbad Dairy murder case be awarded death penalty
-“The BJP demands that the accused (Sahil) be awarded death penalty in the shortest possible time,” party leader Manoj Tiwarisaid
Congress leader Sandeep Dikshit expresses support for ordinance against Delhi govt
-Congress leader Sandeep Dikshit alleged that if Delhi CM Arvind Kejriwal is unable to get control of the vigilance department, he will be sent to jail, as he expressed support for then ordinance.
-"I support the ordinance against the Delhi government. Delhi CM Arvind Kejriwal is very well aware that if he does not get control of the vigilance department, he will be sent to jail for at least 8-10 yearsm,"Congress leader Sandeep Dikshit said
News Alert
Health ministry makes it mandatory for OTT programmes to carry anti-tobacco warnings; notifies new rule
Wrestlers Protest LIVE: TMC leader Saugata Roy expresses solidarity with protesting wrestlers
-TMC leader Saugata Roy expressed solidarity with the protesting wrestlers and urged them to continue their protest,
-“It’s good that they did not throw their hard-earned medals into the Ganges. Let them continue their protest and they will get more support from across the country,” TMC leader Saugata Roy said
Indian Army carries out brave anti-terror operation in J&K
Three terrorists were caught near the Line of Control in the Poonch Sector by the Indian Army and J&K Police. In the subsequent firefight, one Indian Army soldier was injured and was evacuated. The Army Bomb Disposal Squad later defused the IED.
Ashwani Kumar appointed as new MD and CEO of UCO Bank
Appointments committee of the cabinet has approved appointment of Ashwani Kumar as MD and CEO UCO Bank for 3 years with effect from June 1
BJP leader Mukhtar Abbas Naqvi comments on Rahul Gandhi’s California speech
“If India was not a democracy, would any leader be able to go abroad and criticise the duly elected government of the country?” BJP leader Mukhtar Abbas Naqvi said comnmenting on Congress leader Rahul Gandhi’s speech
Wrestlers Protest LIVE : Protesters will not be allowed to protest at India Gate, says Delhi Police
The agitating wrestlers, including Bajrang Punia, Vinesh Phogat and Sakshi Malik will not be allowed to shift their sit-in to India Gate as the national monument is not a site for demonstrations and alternative places for their dharna will be suggested, police sources told PTI.
India records 310 new Covid-19 cases, active tally at 4,222
A single-day rise of 310 fresh coronavirus cases was reported in India while the active cases decreased to 4,222, according to the Union health ministry data updated on Wednesday.
NIA raids 25 places in Karnataka, Kerala, Bihar in Phulwarisharif PFI case
National Investigation Agency (NIA) on Wednesday conducted raids at about 25 locations in Karnataka, Kerala and Bihar in the Popular Front of India (PFI) Phulwarisharif case.
The raids were still underway at the premises of suspects linked to the conspiracy which pertains to the involvement of PFI and its leaders and cadres in violent and unlawful activities, who had assembled for that purpose in the Phulwarisharif area of Patna.
Karnataka: Decision on Hijab ban to be in students’ favour, says education minister
A day after academicians met Karnataka chief minister Siddaramaiah over the hijab ban in educational institutes and changes to textbooks brought in by the former BJP government, state education minister Madhu Bangarappa on Tuesday said that the Congress government will take a “decision that will benefit all students”.
Rain lashes several parts of Delhi-NCR
Rain lashed parts of the national capital of Wednesday morning. The India Meteorological Department (IMD) had predicted rain along with dust storms to hit parts of Delhi-NCR.
'If you sat Modiji down next to God, PM would explain things': Rahul Gandhi in US
Congress leader Rahul Gandhi in an address in the United States on Wednesday said India is being run by a group of people who are 'absolutely convinced' that they know everything. They could sit down with God and explain things, Rahul Gandhi said adding that the prime minister is 'one such specimen'.
PM Modi to launch BJP's pan-India campaign 'Maha Jansampark' today
Prime Minister Narendra Modi on Wednesday will launch Bharatiya Janata Party's (BJP) month-long pan-India campaign, 'Maha Jansampark', in poll-bound Rajasthan's Ajmer today covering all 543 Lok Sabha constituencies.
PM Modi to launch BJP's pan-India campaign 'Maha Jansampark' today
Prime Minister Narendra Modi on Wednesday will launch Bharatiya Janata Party's (BJP) month-long pan-India campaign, 'Maha Jansampark', in poll-bound Rajasthan's Ajmer today covering all 543 Lok Sabha constituencies.