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Bengaluru South MP Tejasvi Surya has penned a touching tribute to SM Krishna, the former CM of Karnataka, and has urged Chief Minister Siddaramaiah and Dy CM DK Shivakumar to institute an aware in his name to honour those who make a significant contribution to the development of Bengaluru — it will not only inspire many to work for our city but also keep the memory of an inspired life alive. «As a proud Kannadiga and a Bengaluru boy, I thank Sri SM Krishna for everything.» Here is Surya's personal tribute posted on X:

public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, Parliament was informed on Tuesday. Minister of State for Finance Pankaj Chaudhary said in the Rajya Sabha that as per provisional data of the Reserve Bank of India (RBI), gross NPAs of PSBs and private sector banks as on September 30, 2024 were Rs 3,16,331 crore and Rs 1,34,339 crore, respectively. Further, gross NPAs as percentage of outstanding loan was 3.09 per cent in public sector banks and 1.86 per cent in private sector banks. Chaudhary further said as of March 31, 2024, 580 unique borrowers (excluding individuals and overseas borrowers), each having loan outstanding of more than Rs 50 crore, were classified as wilful defaulters by Scheduled Commercial Banks.

Revenue Deficit: The shortage of enough funds with government to maintain its day-to-day affairs is known as revenue deficit. This happens when total revenue expenditure crosses total revenue receipts, leading to a revenue deficit. To work through the revenue deficit, the government typically resorts to borrowing, divestments, and may also introduce new taxes or raise existing ones to bridge the gap in revenue. Fiscal Deficit When the Centre spends more money than it receives, the negative balance is known as fiscal deficit. The number is one of the most important figure that is observed during the Budget. The size of the deficit may affect growth, price stability, cost of production, and inflation. Additionally, in case of high fiscal deficit, a country's rating is also impacted. On the other hand, when there is an increase in the fiscal deficit, there is a boost to a sluggish economy by giving more money to people who can then buy and invest more.

In the family-sponsored categories, F1 moved to November 22, 2015, and F3 advanced to July 1, 2010, for final action. Filing dates for F3 rose to July 22, 2012, while F4 increased to August 15, 2006. Categories F2A and F2B remain largely unchanged. For employment-based preferences, significant shifts include the second preference (EB-2), advancing to October 1, 2012, for final action, while filing dates remain at January 1, 2013. EB-3 and «Other Workers» now have a final action date of December 1, 2012, with no movement in filing dates.

EEPC India, the apex engineering exports promotion body, has proposed introducing a 25% income tax slab for MSME manufacturing units that are partnerships, LLPs, or sole proprietorships. In its pre-Budget memorandum to the Ministry of Micro, Small and Medium Enterprises, EEPC India also suggested increasing the benefits limit available under the Interest Equalization Scheme (IES) to Rs 10 crores from Rs 50 lakh now and offering 100% depreciation for investment in solar power generation by MSME units. Pankaj Chadha, Chairman, EEPC India said in a statement, «Private limited companies currently pay 25% income tax, while entities like partnerships, LLPs, and sole proprietorships pay approximately 35% after including surcharges. We therefore urge the government to introduce a 25% income tax slab for MSME manufacturing units that are partnerships, LLPs, or sole proprietorships. The condition would be that the extra 10% saved must be reinvested in the business.»

Sanjay Malhotra from the Ministry of Finance in New Delhi to the Reserve Bank of India in Mumbai has left a key position vacant, just seven weeks before Finance Minister Nirmala Sitharaman is set to present the Union Budget. This development poses a unique challenge as the government has yet to announce Malhotra's successor for a role that demands extensive expertise in both direct and indirect taxation. Historically, the government has refrained from extending terms of finance officials even in the crucial lead-up to the budget. The vacancy now highlights the delicate balance required to ensure seamless coordination within the finance ministry, which comprises six departments—Revenue, Expenditure, Economic Affairs, Financial Services, DIPAM, and Public Enterprises. Of these, Revenue, Expenditure, and Economic Affairs play critical roles in shaping the Union Budget. This year's scenario is further complicated by recent changes in leadership. DIPAM Secretary Tuhin Kanta Pandey, now serving as the Finance Secretary due to his seniority, is juggling multiple responsibilities, including overseeing the Department of Public Enterprises and the Department of Personnel. For Expenditure Secretary Manoj Govil and Financial Services Secretary M. Nagaraju, the upcoming budget will be their first experience in such a high-stakes exercise.

Islamic State militants in Syria were meant in part as a message to the group and a move to ensure that it doesn't try to take advantage of the chaos following the overthrow of President Bashar Assad's government. The US and its partners want to make sure the Islamic State group, which still has a presence in Syria, can't step into the leadership void and once again exert control over wide swaths of the country, Pentagon spokeswoman Sabrina Singh said Monday. The US on Sunday struck about 75 IS targets in the Syrian desert. The US has had troops in Syria for the last decade to battle IS. The tumult following a rebel offensive that toppled Assad has raised fears of an Islamic State resurgence. «ISIS will try to use this period to reestablish its capabilities, to create safe havens,» Secretary of State Antony Blinken said Monday, using another acronym for the group. «As our precision strikes over the weekend demonstrate, we are determined not to let that happen.»

Supreme Court that it had written to the state chief secretaries to follow the law laid down by the apex court on the issue of internet shutdowns. A bench of Justices Vikram Nath and P B Varale was informed by the Centre about the top court's judgement on internet shutdowns in Anuradha Bhasin's case. In Anuradha Bhasin v. Union of India, the apex court ruled that an undefined restriction of internet services was illegal and orders for internet shutdown must satisfy the tests of necessity and proportionality. On Tuesday, the petition before the bench alleged shutting down of internet services in some states on account of preventing cheating in examinations.

Covid 19 pandemic was «a disaster like no other» and vaccination saved people's lives. The submission was made when a bench of Justices Vikram Nath and P B Varale was hearing a plea over the alleged vaccine-induced deaths of two women. After additional solicitor general Aishwarya Bhati, representing the Centre, said Covid was a disaster like no other, senior advocate Colin Gonsalves, representing the women's parents, responded, «We are not contesting that. We do not dispute.» The plea, filed by the parents of the two women, claimed after the first dose of their Covishield vaccination, the women suffered severe adverse effects following immunisation (AEFI).

Union Budget 2025: A comprehensive blueprint detailing the government's projected income and expenditure for a fiscal year, the Union Budget spans from April 1 to March 31 of the following year. This financial roadmap plays a crucial role in outlining the nation's economic priorities and resource allocations. To enhance accessibility and understanding, a user-friendly guide for interpreting the Budget document is readily available. Following the finance minister's budget speech in the Lok Sabha, these critical documents are swiftly published on the official website, ensuring rapid and widespread dissemination of essential financial information. The upcoming Budget scheduled for February 2025 will be Prime Minister Narendra Modi-led government's first full budget and second bugdet after returning to power in Lok Sabha polls. The first Budget of Modi 3.0 was a vote on account.

Pralhad Joshi said on Tuesday, while cautioning that its rapid expansion is accompanied by various risks. “The future of ecommerce in India is bright, inclusive and transformative. While this digital revolution offers incredible opportunities, our government believes it is equally important for consumers to feel confident and make informed choices. Gaining the trust and confidence of consumers is crucial for ecommerce platforms,” Joshi said at Amazon's flagship annual summit, Amazon Smbhav. “Online platforms are now required to provide accurate product details, transparent pricing, disclose the country of origin, and ensure clear return and refund policies while maintaining product quality,” he said, emphasising that platforms often attempt to promote a particular brand.

gender-based violence and developing safety protocols for doctors and medical staff at hospitals with the court-appointed national task force. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar said the NTF will file its report within 12 weeks from Tuesday for its consideration. The top court constituted the NTF on August 20 to formulate a protocol for ensuring safety and security of medical professionals in the wake of the rape and murder of a doctor at RG Kar Medical College and Hospital in Kolkata. While hearing the suo motu case on Tuesday, the CJI said the case would be next heard in the week commencing March 17, 2025, but suggested the parties could seek an earlier hearing if the rape and murder trial of the case was delayed.

Poonawalla Fincorp, a Cyrus Poonawalla Group-promoted non-banking finance company, has announced the appointment of Salil Hajarnis as chief technology officer (CTO), said a statement issued today. His appointment was approved by the board of directors on September 11, 2024, and will take effect on December 10, 2024. He will lead the company's technology strategy, focusing on digital transformation and AI-driven customer solutions. With over two decades of experience in technology leadership, he has worked in roles spanning enterprise architecture, software engineering, and AI integration. At Fiserv, as head of technology for India, he led major initiatives including AI and API-enabled solutions, real-time integrations, and platform modernisation across key markets in India, ASEAN, and Australia.

Canada the «51st state» of the US. This time, Trump dubbed Justin Trudeau as «Governor», a post referring to the executive head of a US state. He made the remarks on Truth Social, a social media network he owns, over a week after he attended a dinner with Trudeau at his Mar-a-Lago estate in Florida. «It was a pleasure to have dinner the other night with Governor Justin Trudeau of the Great State of Canada. I look forward to seeing the Governor again soon so that we may continue our in-depth talks on Tariffs and Trade, the results of which will be truly spectacular for all,» said the Republican leader.

As Japanese manga and anime culture grows in global popularity, the country's school culture—renowned for its distinctive sailor uniforms, dynamic club activities, and strong sense of camaraderie—has captured the imagination of fans worldwide. Recently, a company in Japan, Undokaiya, launched a programme called “Your High School”, where foreign visitors can experience a day as a Japanese secondary student, conducted entirely in English, according to the Japanese media outlet Mainichi News.

dearness allowances (DA) by 3% to 53% for central government employees. The new DA hike has been in effect from July 1, 2024 onwards. Central government employees received higher take-home pay after the government raised a number of additional benefits when the dearness allowance reached 50%. The 7th Pay Commission suggested raising several allowances when the dearness allowance reaches 50%. The hike in DA led to a 25% increase in 13 important allowances from January 1, 2024 onwards. In September, two additional allowances — the nursing allowance and the clothing allowance, were revised for eligible employees. As stated in a July 4, 2024, circular issued by the Employees' Provident Fund Organization (EPFO), «Attention is drawn to the following orders issued by Department of Expenditure/DoPT in the past and request that consequent upon the increase of Dearness Allowance by 4% to 50% w.e.f. 01.01.2024, the payments of the following allowances wherever applicable may be made at enhanced rates of 25% over the existing rates w.e.f. 01.01.2024.”

Kamala Harris's campaign has been accused of spending millions of dollars on paying celebrities to endorse her. The payment went to Parkwood Production Media LLC on November 19, the election month, after the two made a joint appearance at an event in Beyoncé's hometown of Houston. According to the report, the company is also known by its more public name, Parkwood Entertainment, a management, production and record label founded by the singer-songwriter in 2008. Kamala Harris received multiple star-studded endorsements, including from Taylor Swift, Julia Roberts, Oprah, Lady Gaga and Jennifer Lopez. Harris’ campaign and vice president’s office did not respond to request for comment.

international travel becomes more accessible and universities expand their international student outreach students have a vast array of destinations to choose from. Beyond the traditional study abroad hotspots, there's a growing trend toward exploring alternative destinations. When considering where to study abroad, it's essential to weigh various factors. This article will explore some key considerations to help you make an informed decision.

Reliance Green Hydrogen, ReNew E-Fuels, L&T Energy, Waaree Energies, AM Green, GH2 Solar and Avaada GreenH2 are among the 13 companies that have bid for incentives to produce green hydrogen under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. The technical bids for incentives under the second tranche for green hydrogen under SIGHT scheme were opened on Monday. The last day for submission was December 6. Maximum incentive under the tranche in the scheme is Rs 5,400 crore.

Lenovo in the next two quarters, will have its PC plant in Puducherry manufacture GPU-based servers that will also serve as an export base for the company, said Shailendra Katyal, MD, Lenovo in an interview with ET. 100% of Motorola phones, a Lenovo subsidiary, is already made in India through Dixon, its EMS partner. It exports 1.5 million phones to markets like North America. «The forecast for manufacturing in India next year is pushing $3.5 billion,» Katyal said, adding that around $1.5 billion worth of hardware will be exported. Lenovo's Bengaluru lab is also one of the four facilities of the company in the world for server innovation. The lab also works on hardware, software and firmware. After HP, Lenovo is number two in the PC/tablets market in India, and is also in the third position in the servers/storage market.

The IT budgets of companies are most likely to be decided starting January or February when Donald Trump takes office. But most clients are cautiously optimistic. The banking and financial vertical, the biggest industry grouping for Indian IT, has seen a revival and will continue to see an uptick, said a top executive at a large IT firm. While the Republicans have generally been pro-business, the executive said the industry would look for cues on how things shape up.