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To fulfill its election promise of a 42% bonus over the minimum support price (MSP) to paddy farmers, the new government in Odisha has to make budgteray provision in excess of Rs 6000 crore per annum, given the curent level of procurement in the state, official sources said.

Reasi on Sunday is one of the biggest terrorist attacks on outsiders this year and marks a shift in terrorist activities in the Jammu region, said counterinsurgency experts, adding that so far terrorists were targeting security forces in the region.

budget is likely to bake in higher-than-expected growth in the previous year and an unexpected bounty in central bank profits to aim for speedier fiscal correction. This course would support growth by lowering interest rates. If the budget sticks to the medium-term budgetary roadmap, it would be on account of pushing ahead with capex, which is serving as a ballast to slow consumption growth. The desired crowding-in of private investment is in evidence, although widespread capacity expansion is held back by rural consumption. A middle path — and the most probable scenario — would be a somewhat quicker fiscal consolidation in the budget alongside a delayed tapering of capex.

first-timers will grace its ranks and at least six of them hail from well-known political families. Those joining Prime Minister Narendra Modi's council of ministers for the first time include three former chief ministers — Shivraj Singh Chouhan (Madhya Pradesh), Manohar Lal Khattar (Haryana) and HD Kumaraswamy (Karnataka).

Annapurna Devi, who was sworn in as Union Minister in the Narendra Modi government on Sunday. Her life took a dramatic turn when her husband, Ramesh Yadav, an RJD legislator, died suddenly in 1998.

Mumbai: India's markets regulator has proposed tighter rules on trading in individual stock derivatives, arguing the rules were needed to avert risks of market manipulation after recent explosive growth particularly in options trading.The move comes after two sources familiar with the matter told Reuters in April that India's top financial regulators would form a committee to assess stability risks emerging from a surge in derivatives markets.Options trading has soared in India in the last five years, fueled mainly by retail investors so that the notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from the year before, exchange operator NSE has said.A discussion paper published on Sunday on the website of the Securities and Exchange Board of India (SEBI) said derivatives contracts on individual stocks should have sufficient liquidity and trading interest from market participants - currently a requirement only for contracts on indexes."Without sufficient depth in the underlying cash market and appropriate position limits around leveraged derivatives, there can be higher risks of market manipulation, increased volatility, and compromised investor protection," SEBI said.Under the proposed rules, for a stock to be considered for futures and options (F&O) trading, it should have traded for 75% of trading days, SEBI said, without specifying over what period.Also 15% of active derivatives traders should have traded the stock; average premium daily turnover should be ₹150 crore ($18 million); average daily turnover must be between ₹500 crore and ₹1,500 crore; and the maximum number of open F&O contracts permitted for the underlying stock must be ₹1,250 crore – ₹1,750 crore.

Chirag Paswan of the Lok Janshakti Party has been sworn in as a member of the new Union cabinet.Chirag Paswan, the representative of the Hajipur Lok Sabha constituency, secured a ministerial position in Modi's 3.0 cabinet. It is a remarkable turnaround for Paswan, once an aspiring movie star, from a potential political non-entity to a Union minister.

Narendra Modi on Sunday was sworn-in as the Prime Minister of India for the third consecutive time by President Droupadi Murmu at Rashtrapati Bhavan in Delhi.

Bharatiya Janata Party leader Giriraj Singh thanked Narendra Modi and said that every department is important.

Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western sanctions, according to two people familiar with the matter.

ban on Al Jazeera's operations in Israel was extended for another 45 days by Israel's telecoms regulator on Sunday after the cabinet agreed its broadcasts posed a threat to security.

₹445 crore, while losses declined by 20% to ₹551 crore.Backed by marquee investors such as Temasek, Chiratare Ventures and Kalaari Capital, it has raised over $670 million to date, including a $10-million round led by existing investor Valecha Investments in February.Launched in 2019, Cultsport seeks to expand its footprint in India. According to a growth-stage investor, seeking anonymity, Cult.fit’s foray is a smart call, potentially creating an entire ecosystem of fitness products and services.In recent years, India's booming fitness products sector has witnessed the launch of several brands offering athleisure wear, at-home workout equipment, and fitness trackers such as weighing scales and smartwatches.

Telugu Desam Pary (TDP) supremo and Andhra Pradesh Chief Minister-designate N Chandrababu Naidu will be sworn in at 11.27 AM on June 12, the Chief Minister’s Office said. The event will take place near Kesarapalli IT Park at Gannavaram in Krishna district. The IT park is close to the airport.

Canada's intelligence agency chief David Vigneault paid two quiet visits to India in February and March to apprise Indian officials of the case relating to the killing of Khalistani extremist Hardeep Singh Nijjar, people familiar with the matter said.

Sofia Firdous, a 32-year-old member of Congress, has made history as the first Muslim woman elected as an MLA in Odisha, winning the Barabati-Cuttack seat. She triumphed over BJP candidate and renowned gynaecologist Dr. Purna Chandra Mahapatra, 69, by a margin of 8,001 votes.

Uttarakhand's Lok Sabha constituency Ajay Tamta on Sunday said that he feels «fortunate» to be inducted into the new ministerial team of Prime Minister Narendra Modi.

equity indices, Nifty50 and Sensex, closed at record highs on Friday, erasing election day-related losses, on political continuity and a projection of faster economic growth. The NSE Nifty50 ended 2.05% higher at 23,290 points, while the S&P BSE Sensex closed up 2.16% at 76,693.

Supreme Court, seeking directions to the Centre and the Securities and Exchange Board of India (SEBI) to submit a detailed report into the stock market crash on the day of election results on June 4, when investors lost billions of rupees.

Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha, on Sunday took out a march in Mohali in support of the CISF woman constable, who allegedly slapped actor and BJP MP-elect Kangana Ranaut. Farmer leaders demanded that a fair investigation should be conducted into the matter while asserting that there should not be any injustice with the woman constable Kulwinder Kaur.

Congress Parliamentary Party Chairperson Sonia Gandhi took a dig at Prime Minister-designate Narendra Modi over his third time swearing in as PM.

PM Modi Oath Ceremony LIVE Updates“All MPs, who will take the oath of office along with Narendra Modi have been invited to Modi’s residence for tea at 11:30 am," according to BJP sources.It was worth noting that Smriti Irani and Anurag Singh Thakur were not invited to the tea party at Modi's residence.“Both (Smriti Irani and Anurag Singh Thakur) were not present in the NDA meeting. Irani lost, but Thakur won from Hamirpur.