National News
‘Through visionary leadership, he empowered India economically’: Rahul Gandhi on Manmohan Singh’s death anniversary
New Delhi, Dec 26: Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Friday paid tribute to former Prime Minister Dr Manmohan Singh on his death anniversary, describing him as a visionary leader whose policies empowered India economically and strengthened the nation’s global standing.
Rahul Gandhi also paid floral tributes to Manmohan Singh on his first death anniversary at Congress office at 24, Akbar Road, New Delhi.
Taking to social media platform X, Rahul Gandhi said, “Humble tribute to former Prime Minister of India Dr. Manmohan Singh ji on his death anniversary.”
He further said that Dr Singh’s leadership transformed India’s economy and uplifted millions.
“Through his visionary leadership, he empowered India economically. His historic efforts and bold decisions for the underprivileged and poor in the country gave India a new identity on the world stage. His humility, hard work and honesty will always be an inspiration to all of us,” Rahul Gandhi said in his post.
Dr Manmohan Singh, India’s 14th Prime Minister, is widely acknowledged as a distinguished economist, thinker, and scholar. He is remembered for his diligence, academic approach to governance, accessibility, and unassuming demeanour, qualities that defined his long and illustrious public career.
Born on September 26, 1932, in a village in the Punjab province of undivided India, Dr Singh displayed academic excellence from an early age. He completed his matriculation from Punjab University in 1948 before embarking on a remarkable academic journey abroad.
Dr Singh earned a First Class Honours degree in Economics from the University of Cambridge in 1957 and went on to complete a D.Phil in Economics from Nuffield College, Oxford University, in 1962. His seminal book, ‘India’s Export Trends and Prospects for Self-Sustained Growth’, published by Clarendon Press, Oxford, in 1964, offered an early critique of India’s inward-looking trade policy and reflected his deep understanding of economic development.
His academic credentials were further strengthened through his teaching assignments at Punjab University and the prestigious Delhi School of Economics. He also served briefly at the United Nations Conference on Trade and Development (UNCTAD) Secretariat, which later led to his appointment as Secretary-General of the South Commission in Geneva between 1987 and 1990.
In 1971, Dr Singh joined the Government of India as Economic Advisor in the Ministry of Commerce. He was appointed Chief Economic Advisor in the Ministry of Finance in 1972, marking the beginning of his influential role in shaping India’s economic policies.
Over the years, Dr Singh held several key positions in public service, including Secretary in the Ministry of Finance, Deputy Chairman of the Planning Commission, Governor of the Reserve Bank of India, Advisor to the Prime Minister, and Chairman of the University Grants Commission.
Dr Singh’s tenure as Finance Minister from 1991 to 1996 proved to be a watershed moment in India’s economic history. At a time of severe balance-of-payments crisis, he introduced wide-ranging economic reforms that liberalised the economy and laid the foundation for sustained growth. These reforms earned him global recognition and remain inseparably linked to his vision and leadership.
Throughout his lifetime, Dr Singh received numerous national and international honours. Among the most notable were the Padma Vibhushan in 1987, the Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress in 1995, and multiple international accolades, including the Asia Money and Euro Money awards for Finance Minister of the Year. He was also conferred honorary degrees by leading universities such as Cambridge and Oxford.
Dr Singh represented India at several international forums and led delegations to major global conferences, including the Commonwealth Heads of Government Meeting in Cyprus and the World Conference on Human Rights in Vienna in 1993.
In his political career, Dr Manmohan Singh served as a member of the Rajya Sabha from 1991 and as Leader of Opposition between 1998 and 2004. He was sworn in as Prime Minister on May 22, 2004, and assumed office for a second term on May 22, 2009, leaving behind a legacy of integrity, intellect, and service to the nation.
National News
Mumbai: BMC-Run KEM Hospital Commissions Ultra-Modern Modular OTs For Heart Transplants And Complex Surgeries

Mumbai, Dec 26: Mumbai’s BMC-run KEM Hospital has strengthened its advanced healthcare infrastructure with the commissioning of ultra-modern steel modular operation theatres (OTs) designed for heart transplants and other complex surgeries. Following the completion of sterilisation protocols, cardiac surgeries have already commenced in the new facility.
The newly installed modular OTs feature steel walls, ceilings, frames and panels, making them resistant to dust, moisture and water. This design significantly improves cleanliness and simplifies sterilisation, thereby reducing the risk of post-operative infections.
“Equipped with laminar airflow systems and HEPA filters, the operation theatres ensure a continuous supply of clean, controlled air by filtering out bacteria, viruses, dust particles and other airborne contaminants,” said hospital officials, adding that the advanced setup will support not only heart transplants but also other organ transplants, surgeries for congenital disorders and complex paediatric procedures.
To further enhance efficiency, especially in emergency organ transplant cases, the hospital has developed special internal connectivity and separate entry points. These allow donor organs to be transported directly to the designated operation theatre, minimising time delays and reducing associated risks.
With this upgrade, KEM Hospital is expected to play a more significant role in organ transplantation and advanced surgical care in Mumbai and across Maharashtra.
Business
Keralites gulped liquor worth over Rs 332 crore during Christmas

Thiruvananthapuram, Dec 26: The Kerala State Beverages Corporation (BEVCO) recorded a sharp surge in liquor sales during the Christmas week, with revenues touching a record Rs 332.62 crore, according to official figures.
The Christmas week sales are calculated for the four days from December 22 to December 25, and officials said this year witnessed a significant jump compared to previous years.
Data shows a 19 per cent increase in sales over the corresponding period last year, underlining a strong festive demand.
The sharpest spike was recorded on Christmas Eve, when liquor sales alone amounted to Rs 114.45 crore.
In comparison, sales on the same day last year stood at Rs 98.98 crore, indicating a substantial year-on-year rise.
Officials attributed the surge not only to the festive season but also to improved consumer facilities introduced by BEVCO over the past year.
The corporation had expanded its premium retail infrastructure, including the launch of new premium counters aimed at offering a better purchasing experience and a wider selection of high-end products.
Premium outlets were recently opened in key centres such as Thrissur and Kozhikode, and officials said these had a positive impact on overall sales figures.
The enhanced facilities helped reduce crowding at regular outlets and encouraged higher-value purchases, contributing to the increase in revenue.
The Corporation has traditionally seen a spike in sales during festival periods such as Onam and Christmas, but this year’s figures mark one of the highest Christmas week turnovers recorded by the state-run corporation.
The rise in liquor sales is expected to provide a significant boost to the State exchequer, as the corporation is a major contributor to Kerala’s revenue through taxes and duties.
Liquor is sold through state-run 325 retail outlets.
Studies have shown that around 10 per cent of the 3.30 crore Kerala population are tipplers, including around three lakh women.
In 2024–25, Kerala’s liquor sales rose to Rs 19,730.66 crore, up from Rs 19,069.27 crore in 2023–24, marking an annual growth of 3.5 per cent.
Business
Govt drive returns Rs 2,000 crore unclaimed savings to rightful owners

New Delhi, Dec 26: The government has succeeded in returning to the rightful owners a total amount of nearly Rs 2,000 crore that was stuck as “unclaimed savings” across banks, insurance, mutual funds, dividends, shares, and retirement benefits held within the regulated financial system, according to an official statement issued on Friday.
The funds have been restored through the Centre’s “Your Money, Your Right” nationwide awareness and facilitation initiative, launched in October 2025 to help citizens identify and reclaim unclaimed financial assets. The initiative is being coordinated by the Finance Ministry’s Department of Financial Services, with financial sector regulators reaching across digital portals with district-level facilitation.
Across generations, Indian families have saved carefully through opening bank accounts, purchasing insurance policies, investing in mutual funds, earning dividends from shares, and setting aside money for retirement. These financial decisions are taken with a hope and responsibility, often to secure children’s education, support healthcare needs, and ensure dignity in old age.
Yet, over time, a significant portion of these hard-earned savings has remained unclaimed. The money has not vanished, nor has it been misused. It lies safely with regulated financial institutions, separated from its rightful owners due to a lack of awareness, outdated records, changes in residence, or missing documentation. In many cases, families are simply unaware that such assets exist.
The volume of unclaimed financial assets in India is significant and spans multiple segments of the formal financial system. Indicative estimates suggest that Indian banks together hold around Rs 78,000 crore in unclaimed deposits. Unclaimed insurance policy proceeds are estimated at nearly Rs 14,000 crore, while unclaimed amounts in mutual funds are about Rs 3,000 crore. In addition, unclaimed dividends account for around Rs 9,000 crore, according to official figures.
Together, these amounts underline the scale of unclaimed savings belonging to citizens that continue to remain unused, despite being securely held within the financial system.
Your Money, Your Right is a nationwide effort to reconnect citizens with these forgotten financial assets and ensure that money that belongs to individuals and families ultimately finds its way back to them.
These unclaimed financial assets arise when money held with financial institutions is not claimed by the account holder or their legal heirs for a prolonged period. Such assets include:
*Bank deposits such as savings accounts, current accounts, fixed deposits, and recurring deposits that have not been operated for ten years or more.
*Insurance policy proceeds that remain unpaid beyond the due date
*Mutual fund redemption proceeds or dividends that could not be credited due to reasons such as a change in bank account, bank account closure, incomplete bank account in records, etc.
*Dividends and shares that remain unclaimed and are transferred to statutory authorities
*Pension and retirement benefits that are not claimed within the normal course
In most cases, assets may become unclaimed because of routine life events such as migration for work, changes in contact details, closure of old bank accounts, or lack of information among family members and legal heirs.
The Government is coordinating with the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (IRDAI), the Securities and Exchange Board of India (SEBI), the Investor Education and Protection Fund Authority (IEPFA), and the Pension Fund Regulatory and Development Authority (PFRDA) to help citizens identify, access and reclaim financial assets that legally belong to them, using simple processes and transparent systems.
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