Manipur Protests

The mass protest was organised to oppose the demand to include the state's Meitei community in the Scheduled Tribe (ST) category

Prime Minister Narendra Modi in Parliament

If the Congres had worked with dedication for tribals, we wouldn't have to work so hard for their welfare, Prime Minister Narendra Modi said while replying to the Motion of Thanks to the President

Supreme Court stays Feb 13 order to evict nearly 1.89 million tribals

Opposition members on Wednesday asked the government to take a holistic approach on reservation for tribals and urged it to bring a comprehensive bill that covers all communities to be included in the Scheduled Tribes category instead of bringing state-wise legislation.
Some opposition members also questioned if the government was bringing state-wise bills for political considerations.
Speaking on the Constitution (Scheduled Tribes) Order (Fifth Amendment) Bill, 2022, which was introduced in the Lok Sabha on December 9, members across party lines raised issues affecting the Adivasis in their regions including that of providing them basic amenities, giving them representation according to their population and protecting them from fake caste certification for reservation.
Nationalist Congress Party MP Supriya Sule said while she welcomes the government's move to include names of communities left out from the ST list, why had the government not brought a "comprehensive bill" that cover

PM Modi

Prime Minister Narendra Modi on Tuesday targeted the Congress, saying previous governments did not think about the all round development of tribal areas in the country.
The tribal development ministry was formed when Atal Bihari Vajpayee was the prime minister, Modi said at Jambughoda in Gujarat's Panchmahal district after launching various development projects.
"No such ministry existed before the BJP came to power. Money was spent for tribal development work after the ministry was formed, Modi said.
"It was our government which decided that November 15 will be celebrated as 'Janjatiya Gaurav Diwas' (tribal pride day) to honour Birsa Munda," he added.

Idea of India

Jharkhand police on Wednesday arrested suspended BJP leader Seema Patra, wife of a retired IAS officer, on allegations of torturing her 29-year-old tribal help Sunita, police sources said.
Acting on a tip-off from a government employee, the Ranchi Police had rescued the woman from Patra's residence last week and recorded the domestic help' statement on Tuesday before a magistrate, sources said.
Patra had allegedly kept the woman captive in her residence in Ranchi's posh Ashok Nagar area for several years.
Patra was suspended by BJP after a video of the woman, Sunita, narrating her ordeal, went viral on social media with demands for Patra's arrest.
Governor Ramesh Bais too on Tuesday asked DGP Neeraj Sinha as to why no action has been taken against suspended BJP leader.
Members of various tribal outfits visited Rajendra Institute of Medical Sciences (RIMS) where the woman is undergoing treatment and met her on Tuesday.

Stan Swamy

Swamy died in a private hospital while waiting for medical bail in the Elgar Parishad case

Swamy, who is suffering from various health ailments including Parkinson's disease, was arrested on October 8 by the NIA.

The NIA arrested Swamy from his residence in Ranchi on October 8

Brazil prison riot

Seven in 10 of the 478,600 people in prison in Indian jails are under trial, according to the 2019 National Crime Records Bureau (NCRB) data on prisons

Tribal ministry relents over Forest Rights Act

It blames central government for not putting facts before Supreme Court and not speaking up after the order. Tribal groups to launch country-wide protests

land, tribal rights

Changes in tribal rights and green rules 'save' 130 mines from being auctioned

Tribal affairs ministry changes stance on tribals' forest rights

Re-interprets regulations to ease mining and industry's use of forests

Centre's tribal welfare scheme to be launched in Maha June 25

Provisions for various laws meant for safeguarding tribals' interests are not implemented stringently, Kher said

Maharashtra government takes back control of forest trade

Move comes even as an RSS-affiliated organisation opposed such regulations

For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth

Economic growth, GDP

Business Standard

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology

Anil Agarwal

Bloomberg

The fiscal deficit for the last financial year narrowed to 6.4% from a year earlier. It also met the budget gap target, aided by buoyant tax receipts and some fiscal headroom from lower payments

Fiscal Deficit

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

market, stocks, stock market trading, stock market

Under this plan, every block will have a godown with a capacity of 2,000 tonnes, Union minister Anurag Thakur said

Anurag Thakur

Wrong end of the curve: YTM of most scheme categories 15-65 bps lower at the end of April

Rupee, bonds market, funds

Inverse correlation between net equity MF inflows, market performance

BSE, stock market, sensex

The initial public offering (IPO) market has yet to benefit from the gains in the secondary market in recent months. The IPOs of IKIO Lighting and JG Chemicals may hit the market next month

markets

We expect high single-digit to low double-digit returns for equities in CY23, with preference for mid-caps over large-caps, Jitendra Gohil, director, global investment management at Credit Suisse

Jitendra Gohil, Credit Suisse | Photo Credit: Kamlesh Pednekar

Here is the best of Business Standard's opinion pieces for today

investments, mutual funds

Says this would enable in reduction of pending cases at DRTs and enhance recovery for banks

Finance Ministry

Sebi need not get into the business of regulating the platforms offering fractional ownership rights in real estate

Illustration

When trust is broken and management is dehumanised, there are no winners in the end

labourers, migrant labourers, labour law

The ex-Wayanad MP said that before we decided to start the 'Bharat Jodo Yatra,' we knew that normal tools used in Indian politics would not work anymore

Rahul Gandhi

India has witnessed a significant transformation in several areas since 2014 and will emerge as a key driver for Asian and global growth, says a Morgan Stanley research report on Wednesday.
India of today, the report said, is different from what it was in 2013.
"In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook," it said.
India, according to the report, "will emerge as a key driver for Asia and global growth."
On the skepticism about India, particularly with overseas investors, who say India has not delivered its potential -- despite it being the second-fastest growing economy and among the top-performing stock markets over the past 25 years -- and that equity valuations are too rich, it said, such a view ignores the significant changes that have taken place in India, especially since 2014.
The report highlighted the 10 big changes, including supply-side policy reforms, formalisation o

Indian market, indian economy, consumer sentiment

Press Trust of India

The 27th meeting of the WMCC was attended by the Joint Secretary (East Asia) from the External Affairs Ministry, who led the Indian delegation

India China

IANS

The Telangana state government on Wednesday launched the Telangana State Anti-Narcotics Bureau and the Telangana State Cyber Security Bureau

Data Protection, cybersecurity, digitisation, security

Morgan Stanley's report on how India under Prime Minister Narendra Modi has transformed and gained a position in the world order in less than a decade is the "best and sharpest indictment" of the Congress-led UPA's "lost decade between 2004 and 2014", Union Minister Rajeev Chandrasekhar said on Wednesday.
Speaking to PTI, he said the report reminds Indians how the Congress-led UPA had in 2014 left "a shattered economy". Nine years later, India has emerged as one of the fastest-growing economies in the world with record FDI, the minister said.
"This report that says how India is transformed in less than a decade under Prime Minister Narendra Modi is in my opinion the best and sharpest indictment of the UPA's lost decade between 2004 and 2014," he said.
In the report, Morgan Stanley said significant scepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since 2014.
Rejecting criticism that India has not

Rajeev Chandrasekhar

The government has extended the tenure of Atul Verma as the Director General of the Competition Commission of India (CCI) for three months.
The Director General (DG) office is the investigation arm of the fair trade regulator.
According to an official order, the competent authority has approved the extension of the deputation of Atul Verma as Director General of CCI for a period of three months beyond May 31.
CCI is probing various anti-competitive cases, including those relating to technology companies.

Competition Commission of India

Concerned about Jharkhand's low credit-deposit ratio at 45 per cent, the state-level bankers' committee on Wednesday decided to take it to 50 per cent by the quarter ending September 2023 of the current fiscal.
The SLBC was headed by Bank of India Managing Director and CEO Rajneesh Karnatak.
"All banks are committed to the economic growth of Jharkhand...There is a plan for improving the CD ratio. This year, it has improved by 6 per cent on a year-on-year basis. There are individual credit plans for all the banks, including 12 per cent for the Bank of India (BoI)," Karnatak said.
The credit-deposit ratio in the state was recorded at 45.07 per cent on March 31, 2023, as against 42.37 per cent by the end of the previous fiscal, registering an increase of 6.37 per cent.
According to the RBI guidelines, the CD ratio can be much higher and can reach 77-78 per cent but the reason for the state's low credit to deposit proportion is "primarily due to absence of manufacturing here though ...

tribal rights

Tribal protest in Manipur turns violent; curfew imposed, internet suspended

Tribals were deprived of development for decades: PM Modi attacks Congress

Inclusion of tribal groups in ST list: MPs raise basic amenities issues

Tribal development ministry formed under Vajpayee govt: PM Modi slams Cong

Jharkhand cops arrest ex-BJP leader Seema Patra for torturing tribal help

Funeral service for activist Stan Swamy held at Mumbai church

Stan Swamy given straw and sipper by jail authorities: His lawyer

83-year-old Stan Swamy's wait for straw and sipper gets extended

Indian prisons in dire straits: 7 in 10 undertrials, 1 in 3 Dalit or tribal

RSS-affiliate demands ordinance to prevent tribal evictions

Rule change gives miners route to bypass auction

Ministry changes stance on tribals' forest rights

Centre's tribal welfare scheme to be launched in Maharashtra June 25

Maharashtra government takes back control of forest trade