Business
FM Sitharaman goes for big push to job-led inclusive growth in Budget 2025-26

New Delhi, Feb 1: Finance Minister Nirmala Sitharaman on Saturday presented the Budget 2025-26 in the Parliament with an aim at accelerating employment-led inclusive growth, propelled by investments in the agricultural and rural sector, MSMEs and exports while sticking to the fiscal consolidation path.
“This budget is dedicated to accelerating growth, driven by our aspirations for a ‘Viksit Bharat.’ Our economy remains the fastest growing among all major economies,” the Finance Minister said on the floor of the Lok Sabha.
The key domains covered in the Union Budget include taxation, power, urban development, mining, the financial sector, and regulatory reforms. These areas are central to the government’s focus on driving growth, improving infrastructure, enhancing governance, and ensuring sustainable development across various sectors.
She has kept the budget deficit target on a declining path to 4.4 per cent of GDP in 2025-26 from 4.8 per cent of GDP in 2024-25.
The net market borrowing for the budget has been fixed at Rs 11.54 crore while the rest of the funds will come from small savings and other sources, the Finance Minister said. The government’s gross borrowing target for FY26 was revised upwards by 5.7 per cent to Rs 14.82 lakh crore from Rs 14.01 lakh crore in FY25.
In a major benefit for the middle class, Sitharaman announced that there will be no income tax on an annual income of up to Rs 12 lakh. For salaried people who enjoy a standard deduction of Rs 75,000, there would be no tax on income of up to Rs 12,75,000.
The move will place more money in the hands of the people to spend on goods and services which in turn would lead to higher growth in the economy.
In order to boost domestic manufacturing, she has also rationalised customs duties to increase tariffs on finished goods such as electronic products and reduce the duty on components used as inputs by local manufacturers.
The Finance Minister outlined specific proposals, starting with agriculture as the “first engine” to drive growth. Under the Prime Minister Krishi Yojana, a new initiative inspired by the success of the Aspirational District Programme, the government will launch an agricultural district programme in partnership with states. This will target 100 districts with low productivity, moderate crop intensity, and below-average credit parameters. The initiative is expected to benefit 1.7 crore farmers. The Finance Minister also announced an increase in the Kisan Credit Card (KCC) loan limit from Rs 3 lakh to Rs 5 lakh under the interest subvention scheme.
MSMEs have been identified as the second engine of growth, and the focus will be on the 5.7 crore MSMEs, which include over one crore registered businesses employing 7.5 crore people and contributing 36 per cent to India’s manufacturing. These MSMEs are crucial in positioning India as a global manufacturing hub, responsible for 45 per cent of the nation’s exports. To boost their growth and efficiency, the government will enhance the investment and turnover limits for MSMEs, increasing them by 2.5 times and 2 times, respectively. This move is expected to empower MSMEs to scale up, innovate, and generate more employment opportunities for the youth.
The Finance Minister announced that the government will implement specific policy and facilitation measures to boost the productivity, quality, and competitiveness of India’s footwear and leather sector products. This scheme is expected to create employment for 22 lakh people, generate over Rs 400 crore, and achieve exports of over Rs 1.1 lakh crore. In addition, measures will be introduced for the toy sector, building on the National Action Plan for Toys. A new scheme will aim to establish India as a global hub for toys, focusing on developing clusters, skills, and a manufacturing ecosystem that will produce high-quality, innovative, and sustainable toys, representing the “Made in India” brand, the Finance Minister said.
The Finance Minister emphasised investment as the third engine of growth, which includes investing in people, the economy, and innovation. As part of investing in people, the government is focusing on the Sashakt Anganwadi and Poshan 2.0 programmes, which provide nutritional support to over 8 crore children, pregnant women, lactating mothers, and around 20 lakh adolescent girls in aspirational districts and the Northeast region. The cost norms for these programs will be enhanced, Sitharaman added.
Crime
Delhi: Govt official held for defrauding colleague of Rs 24 lakh with illegal UPI transactions

New Delhi, June 17: The Delhi Police on Tuesday claimed to have cracked a sensitive cyber fraud case, involving two government officials, and made a recovery of over Rs 24 lakh, illegally transferred to a third person, by one of them.
A Kolkata-based individual named Sanjay Chakraborty and Prakash Singh, a government employee posted in the President’s Estate, have been arrested for committing UPI fraud and duping another government servant of Rs 24.40 lakh.
The Cyber police station of New Delhi began a probe into the case, after Surender Kumar, a 59-year-old government employee, working as Chief Household Assistant in Household Section, lodged a complaint about theft of Rs 24.40 lakh from his and his wife’s PNB accounts without their knowledge. He complained that the money was withdrawn from their accounts via illegal UPI transactions, though neither he nor his wife used any UPI app, including PhonePe, GooglePay or PayTm.
The cyber cell of Delhi Police launched investigation into the financial trail and found that Rs 16.05 lakh from the account of the complainant’s wife was transferred to a Bank of Baroda account of Sanjay Chakraborty, a Kolkata resident while an additional Rs 4 lakh from complainants’ account was routed to another Bank of Baroda account, operated by the same individual.
When the police team apprehended Sanjay Chakraborty from West Bengal and grilled him over his involvement, he broke down and confessed to the crime. He admitted that he was receiving fraudulent money on behalf of his associate Prakash Singh, in exchange for a 2-3 per cent commission.
Following this, the police arrested him from Kolkata as well as 27-year-old government employee Prakash Singh, from Delhi.
The key accused, when questioned by police, also narrated his modus operandi. He said he had regular access to the victim’s mobile phone.
As the elderly colleague was unfamiliar with smartphone applications, he used to install PhonePe on the victim’s phone and fraudulently transfer money (Rs 1 lakh every time on every 3-4 days over the period of 3 months) without their knowledge. He would also delete transaction SMS messages and uninstall the app before returning the phone.
To mask his involvement, he used accounts of his friends, including Sanjay Chakraborty and others, who would retain a small commission and then send the remaining amount to his bank account.
The victim had purchased two Apple mobile phones, one motorcycle, one laptop, household things with fraudulent money and also spent it on travelling, informed the police.
National
BJP, Congress engage in war of words over ‘caste’ census notification

New Delhi, June 17: A day after the Centre notified the two-phased population census, the Congress and BJP are caught up in political bickering over former’s claims that caste clause have been given a miss.
Many Congress leaders questioned the government over ‘advertently’ dropping the caste clause from official notification on Census and also questioned its intentions behind the move, a charge strongly contested by BJP leaders.
Senior Congress leader and Odisha Congress in-charge Ajay Kumar Lallu commenting on the Census notification, questioned government’s intentions and demanded transparency.
“If the government is serious, then why is there a mismatch between its press releases and gazette notifications? The caste census remains pending. The Cabinet proposal appears more like an eyewash. We’ve always doubted the BJP-RSS regime’s intent on this issue”, said Lallu.
He also took a swipe at Uttar Pradesh Chief Minister Yogi Adityanath for rampant corruption in the state, said, “UP is the land of Baba Kashi Vishwanath, but CM Yogi is speaking lies from this holy land.”
Chhattisgarh Deputy Chief Minister Arun Sao, commenting on the issue, accused the Congress of historical betrayal and spreading deliberate misinformation.
Talking to media, Deputy CM Arun Sao said, “It is a well-known and historically documented fact who insulted Dr. Ambedkar, who conspired to defeat him in elections, and who denied him the Bharat Ratna. These are undeniable truths. The Congress should stop spreading lies.”
He further lashed out at the opposition for questioning the caste census notification. “They did nothing for 75 years except talk. Even now, when the government has officially notified the caste census for 2027, they continue to spread rumours and create confusion. But the people of this country are no longer unaware,” he added.
disaster
Air India plane crash: 144 victims identified by DNA tests, recovery efforts intensify

Ahmedabad, June 17: Four days after the devastating crash of Air India flight AI-171 en route from Ahmedabad to London, authorities have confirmed that 144 DNA samples have been successfully matched as of noon Tuesday, according to Gujarat Minister of State for Home, Harsh Sanghavi.
The identification process is being led by a combined team from the State Forensic Science Laboratory (FSL) and the National Forensic Sciences University, working around the clock to bring clarity to grieving families.
“This is a highly sensitive and emotional task. Every match is not just a technical confirmation, but a step toward giving closure to families waiting in anguish,” an official from the forensic unit said.
Emergency response teams remain stationed at the crash site in Meghaninagar, where investigators continue to recover personal belongings and body fragments amidst the wreckage.
Authorities have stated that all efforts are being made to ensure the dignity of the deceased and transparency in communication with the victims’ relatives.
Tata Group, which re-acquired Air India in 2022, has announced an ex gratia payment of Rs one crore to the families of each of the deceased from the AI‑171 crash near Ahmedabad. In addition, Air India has immediately released an interim relief payout of Rs 25 lakh per family — and to the lone survivor — to cover urgent needs.
The group will also cover all medical expenses for the injured and pledged financial support for rebuilding a damaged hostel at BJ Medical College. Chairman N. Chandrasekaran described it as “one of the darkest days in the Tata Group’s history.”
As of June 17, rescue and recovery efforts at the Ahmedabad crash site of Air India flight AI-171 remain intense and deeply coordinated. Over 300 firefighters, supported by 60 fire vehicles and 20 water bowsers from Ahmedabad, Gandhinagar, Vadodara, ONGC, and other nearby agencies, continue to clear debris and extinguish smouldering wreckage.
On the ground, three NDRF teams, 150 CRPF officers, Indian Army personnel, and teams from the CISF, BSF, and Western Railway Disaster Management are conducting systematic searches for remains and missing belongings.
Specialised sniffer dogs are aiding in the recovery of human remains, while Ahmedabad Police, responding to disturbing reports, have deployed animal rescue teams to safely relocate stray dogs scavenging at the crash site.
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