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BJP)-led government were about "reform, perform and transform" in the country. From abolishing triple talaq to abrogating Article 370 to introducing 33 percent women's reservation to building Ayodhya Ram temple — while emphasising some of his government's achievements, PM Modi said the 17th Lok Sabha saw a productivity of 97 percent. Besides this Lok Sabha Speaker Om Birla and Rajya Sabha Chairman Jagdeep Dhankhar delivered their valedictory remarks.

Franklin Templeton's top boss Jenny Johnson can't wait for the India opportunity to unfold where she believes the mutual fund industry has tremendous scope for growth and credits her fund management company for spotting the country's vast potential 27 years ago when it became the first foreign fund manager to start operations. «Only 5% of the population has mutual funds. So, we are incredibly excited about how the future is going to be,» said Johnson, chief executive officer of the $1.4 trillion global investment management giant. Johnson, who has lived in India briefly during her long career with Franklin Templeton, said she had really seen the country grow over the past 27 years. «There was a saying India grows at night while the government sleeps. I would laugh at that because I always believed there is huge potential in the economy. 56% of the population is under 25. You have a British-oriented legal system,» she said. Citing how remarkably things have changed, she said the country, which earlier faced headwinds because the government was blamed for slowing things down, now has a tailwind.

India should go beyond achieving the desired level of per capita income and be 'atmanirbhar' in all aspects, Principal Secretary to the Prime Minister PK Mishra said on Saturday. Speaking at the 56th annual conference of the Odisha Economic Association at Sambalpur, he also stressed on sustainable growth while achieving high growth trajectory to become a developed nation by 2047. «High growth that is not sustainable will not be meaningful,» Mishra said. «India should go beyond achieving the desired level of per capita income and be 'atmanirbhar' (self-reliant) in all aspects. Women will be leading India's development story, the economy will be more inclusive and innovative, and corruption, casteism and communalism will have no place in our national life,» he said. Mishra said that the G20 Presidency led by India was recognised globally for its unprecedented scale and success, emphasising the adoption of new concepts for a sustainable and better future.

₹3,075 crore worth of Indian equities and the total inflow stands at ₹12,590 crore as of February 9, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. "The FPI investment trend of selling in equity and buying in debt witnessed in January is continuing in February. Through February 9, FPIs had sold equity for ₹3,074 crore and bought debt worth ₹15,093 crore.

Bengaluru-based Ola Electric became the first two-wheeler EV-maker to become eligible for the PLI scheme as its S1 Air scooter received DVA. The two products are now eligible for various subsidies offered by the government for the next 5 years.

Ill-targeted reckless fiscal policy, ill-targeted subsidies, wasteful expenditure, all done for political gains," Nirmala Sitharaman said. Nirmala Sitharaman also accused the Congress-led UPA government of "forgetting" the Northeast.

I think things like GIFT City is a great way, it is clearly an initiative designed to bring money into India and those kind of incentives are incredibly effective, says Jenny Johnson, President & CEO, Franklin Templeton. Edited Excerpts

will not become «party to communalise the political situation». Both Houses of Parliament — the Rajya Sabha and the Lok Sabha — are holding a discussion on «the construction of historic Shri Ram Temple and Pran Pratishtha of Shri Ramlala». Members of the Trinamool Congress (TMC) and the Dravida Munnetra Kazhagam (DMK) were among those who walked out over the white paper brought by the government in Parliament to compare the state of the economy during the Congress-led United Progressive Alliance (UPA) and BJP-led National Democratic Alliance (NDA) regimes.

Congress on Saturday said the White Paper on the economy was brought by the government to hide the "dark truths" of this country and divert attention from the burning issues of unemployment, price rise, farmers' stress and the state of the economy. Speaking in the short-duration discussion on the White Paper brought by the government, Congress leader K C Venugopal alleged in Rajya Sabha that the government has used this as a defence for itself by diverting from the issues before the country. He also accused the government of using the Bharat Ratna award for political purposes, even though he welcomed the award to former prime ministers Narasimha Rao and Chaudhary Charan Singh and agriculture scientist M S Swaminathan. Venugopal asked why the finance ministry did not even mention the impact of demonetisation in the White Paper and why it does not make any mention of unemployment rate, poverty and rupee value in the White Paper on the Indian economy.

Ashwini Vaishnaw on Saturday said that railways has a multiplier effect of 4+ as compared to 2.3 in other infrastructure areas. «This is because the development of railways is a combination of various sectors, and every aspect of all important sectors has to come together to make these efforts a success,» he said. «Each rupee we invest in railways, has an impact on 250 industries,» he added. While speaking at the ET NOW Global Business Summit, Vaishnaw said that inclusive growth means people at the bottom of the pyramid must have access to the same quality of service as those at the top; this is the vision of Modi government, he said.

government in Chhattisgarh had pushed the state on the verge of bankruptcy but the BJP government has set a goal of doubling the GDP in five years, Finance Minister O P Choudhary has said. Choudhary, who presented a budget of Rs 1,47,446 crore for 2024-25 in the state assembly on Friday, said that in line with Prime Minister Narendra Modi's vision to make India a five-trillion-dollar economy and a developed nation by 2047, the state budget has paved the way for inclusive development and economic growth. «At a time when the country is marching ahead with zeal and enthusiasm to achieve the single goal of becoming a developed India. Chhattisgarh too has set a vision of transforming into a developed state in the Amrit Kaal,» he said in a write-up after presenting the budget. Through its annual budget, Chhattisgarh has laid the foundation of this new era with a focus on the prosperity of GYAN, stimulating infrastructural growth by increasing capital expenditure, and employment and livelihood promotion for youths of the state, he said.

Lok Sabha Elections 2024: The BJP will get 370 seats and the NDA more than 400 in the upcoming Lok Sabha polls and form the government for a third consecutive term under the leadership of Prime Minister Narendra Modi, Union Home Minister Amit Shah said here on Saturday. Shah asserted that there is no suspense over the outcome of the Lok Sabha polls and even the Congress and other opposition parties have realised that they will again have to sit in the opposition benches. «We have abrogated Article 370 (of the Constitution, which gave a special status to the erstwhile state of Jammu and Kashmir). So we believe that the people of the country will bless the BJP with 370 seats and the NDA with over 400 seats,» Shah said at the ET NOW Global Business Summit 2024. Asked about the possibility of the Rashtriya Lok Dal (RLD), headed by Jayant Choudhary, Shiromani Akali Dal (SAD) and some other regional parties joining the National Democratic Alliance (NDA), the home minister said the Bharatiya Janata Party (BJP) «believes in family planning but not in politics», giving an indication that more parties may join the ruling coalition.

₹4,05,918 crore to states for centrally sponsored schemes in 2022-23, and that it intends to raise that to ₹4,39,314 crore in the current fiscal year. The transfers under central schemes were ₹12,867 crore in 2022-23, and will rise to ₹64,172 crore this year. Transfers worth ₹1,48,098 crore were made under ‘other categories expenditure’ to states in 2022-23, which for the current year is estimated at ₹1,32,712 crore.

BharatPe criticised the Reserve Bank of India (RBI) for what he calls "punitive action" against Paytm Payments Bank (PPBL). In an interview with MirrorNow, Grover called the regulator's action an "overreach", adding that the message being sent is that "banks are (systemically) important, but fintechs are not". Disappointed by the lack of legislation, Grover said, "Seems to be a $20 billion glass ceiling and the moment you hit it it seems the only way to go is down.

Rajya Sabha will on Saturday, the last session of the ongoing Budget session of Parliament, hold a short-duration discussion on the White Paper put out by the Centre and on the Pran Pratistha of Ram Lalla. BJP parliamentarians Sushil Kumar Modi and Prakash Javadekar will raise the discussion on the White Paper, informing its impact on the lives of the people of the country. The nearly 60-page White Paper, which was tabled in the Lok Sabha and Rajya Sabha by Sitharaman on Thursday, claimed that the banking crisis was one of the most important and infamous legacies of the UPA government.

Nirmala Sitharaman tore into the previous Congress-led United Progressive Alliance (UPA) government on Friday, saying it pushed the country into the Fragile Five and left it in dire straits in 2014 with its economic mismanagement by putting the «first family» first. During the UPA regime, the security of the nation was compromised, environmental clearances were delayed, and the leadership failed as it was run by a «super prime minister» and there was at least one big-ticket corruption case every year. Initiating the debate on the 'White paper on Indian economy and its impact on the lives of people of India', Sitharaman said it was Prime Minister Narendra Modi who put the nation first, pulling the country out of crisis and placing it among the top five economies of the world.

(Reuters) -Shares of Mexico's BBB Foods rose 11.4% on their debut on the New York Stock Exchange (NYSE) on Friday, giving the discount grocery retailer a valuation of $2.2 billion.

Billionaire investor Ken Griffin's flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns.

ALSO READ: Congress' 'black paper' vs govt's ‘white paper’: A look at last ten years from different perspectives "Bulletproof jackets were not available for our soldiers...Night vision goggles were not available, so in the night they couldn't do a thing and were exposing themselves like sitting ducks in pitch darkness...," she said in the Lok Sabha on Friday. Speaking about "corruption in defence" in the UPA era, Sitharaman said, "There was ₹3,600 crore of AgustaWestland VVIP Chopper Scam in 2013.

India will become the number one automobile manufacturing hub in the world by 2029 and the country will be the third largest economy, road transport and highways minister Nitin Gadkari said on Friday. The government's focus going forward will be to build a world-class road network, move to alternative fuels and bring down logistics costs in the country, Gadkari added. «One thing is very clear: if we need capital investment, development and industry, we should have good infrastructure, water, power, transport and communication,» he said. «Without that, we cannot develop our agriculture, service industry and tourism.»

THE NEXT TIME you find yourself baffled by some of the airlines listed on an airport departure board, consider this: More than 300 international airlines operate worldwide—even if you always fly the same three or four giants. Though behemoths dominate the industry, some bantamweight contenders stand out as viable alternatives. Their pitch: These (mostly new) boutique airlines, which limit flights to just a few strategic destinations, promise not only savings but a better ride.