Maharashtra
Maha CM Shinde Announces ‘Ladla Bhai Yojana’: 12th Pass To Get Rs 6k/Monthly, Diploma Holders To Get..

Mumbai: The Maharashtra government introduced a special scheme on the occasion of Ashadhi Ekadashi on Wednesday. This new scheme called ‘Ladla Bhai Yojana’ is for youths who have passed the 12th grade. Under this scheme, students who have completed their 12th grade will receive Rs 6,000 per month. Additionally, students holding a diploma will receive Rs 8,000 per month, while those who have completed their graduation will be given Rs 10,000 per month.
This announcement by Chief Minister Eknath Shinde today in Pandharpur is being seen in the context of the upcoming Maharashtra Assembly elections later this year. It is suggested that the government has made this announcement to appeal to various segments of the population just months before the elections.
The opposition in Maharashtra has long been highlighting the issue of rising unemployment among the youth and the Shinde government’s announcement of financial assistance for young people can be seen as a response to these concerns.
Benefits In The Scheme
Announcing the scheme, CM Shinde stated that the government will provide financial support to the state’s youth for apprenticeships in factories where they will work. He emphasized that this is the first time in history that any government has introduced such a scheme, claiming it as a solution to the problem of unemployment. Under this scheme, the youth will be given opportunities for apprenticeships in factories and the government will provide them with a stipend.
Uddhav Thackeray’s Demand For Welfare Scheme For Boys
Uddhav Thackeray had recently raised the issue of unemployed youth in Maharashtra. Speaking to the media after a legislative session, he said that he demanded a scheme for boys in Maharashtra similar to the Ladli Behen scheme in Madhya Pradesh. He highlighted that there is no longer a distinction between boys and girls today, and thus, both should benefit equally from such schemes.
By launching the Ladla Bhai Yojana, the Shinde government aims to address the pressing issue of youth unemployment and provide financial assistance to help young people gain valuable work experience through apprenticeships. This initiative is also seen as a strategic move to gain favour with voters ahead of the assembly elections, showcasing the government’s efforts to support and empower the youth of Maharashtra.
Recently Announced ‘Ladli Behna Yojana’
This comes after the Ladli Behna Yojana was recently announced during the Monsoon session of the Maharashtra Assembly. The scheme, announced in the state budget tabled in the assembly by Deputy Chief Minister Ajit Pawar, is aimed at married, divorced and destitute women in the 21-60 age group, who will get a monthly assistance of Rs 1,500. Later the age bar was raised to 65 years, after an announcement by CM Shinde.
Maharashtra
Anil Ambani Reaches ED Office In Delhi; Reliance Chairman To Be Quizzed Over Alleged ₹17,000 Crore Loan Fraud Case

Mumbai: The Enforcement Directorate (ED) is set to question Reliance Group Chairman and Managing Director Anil Ambani on Tuesday, August 5, in connection with a multi-crore money laundering and loan fraud case. The probe involves financial irregularities amounting to a staggering Rs 17,000 crore, with a specific focus on a Rs 3,000 crore loan fraud linked to Yes Bank.
Anil Ambani has already reached the ED office in Delhi for questioning. Visuals of his car reaching the investigation agency’s office have surfaced on the internet. The interrogation comes days after the agency intensified its investigation into financial dealings linked to companies associated with Ambani’s Reliance Group.
Recently, the ED had earlier issued a lookout circular against Anil Ambani on August 1, effectively restricting his international travel without prior approval from the agency. Officials confirmed that Ambani could be detained at any Indian airport if he attempts to leave the country.
ED Searches On Multiple Locations Linked To Anil Ambani
The latest development follows an extensive crackdown by the ED last week, during which over 50 locations linked to Anil Ambani, including offices and premises in Mumbai and Delhi, were raided. The operation was conducted under Section 17 of the Prevention of Money Laundering Act (PMLA). More than 25 individuals were also questioned as part of the ongoing probe.
The case reportedly centres around loans disbursed by Yes Bank to various firms under the Reliance Group between 2017 and 2019. Preliminary findings suggest that a major portion of the funds were allegedly diverted to shell companies or siphoned off to other entities within the group. Investigators are also probing potential kickbacks paid to top officials at Yes Bank during the loan disbursement process.
The ED’s probe aims to uncover whether these funds were used for legitimate business activities or laundered through a web of fake firms. The agency is also looking into possible violations of banking norms and financial misappropriation on a large scale.
Crime
Thane News: Bhiwandi Faces Rise In Missing Children Cases, Number Reaching 142, Includes 95 Females

Thane: The issue of missing children in Bhiwandi has escalated significantly, leading to heightened public concern. Over the past six months, 142 children, comprising 47 boys and 95 girls, have vanished from the area. In response, the Bhiwandi police have undertaken extensive investigations and successfully located 126 of these missing children, reuniting them with their families.
The increase in missing minors has created numerous challenges for local law enforcement. The police, faced with this alarming rise, registered kidnapping cases and employed technical tools and CCTV surveillance to assist in their search. Investigation findings suggest that many children left home for various reasons, including familial disputes, deceptive romantic promises, and academic pressure.
A significant number of the missing girls were reportedly lured into relationships, resulting in their abduction to other states. The police collaborated with other state forces to locate and rescue these individuals. Anecdotal evidence indicates that external pressures from parental expectations and romantic pursuits often contribute to children’s decisions to leave home. The Supreme Court’s directives to classify these incidents as kidnappings have led to a more accurate record of these cases, making the issue more visible.
The data shows a worrying trend, particularly in the months following school exam results, where children often flee due to academic disappointment or parental anger. The situation has prompted increased anxiety among parents, particularly in a densely populated city like Bhiwandi. Between January and June, 142 minors went missing, with 44 boys and 82 girls successfully traced; however, as of now, 16 children remain unaccounted for.
In Bhiwandi, police stations have established specialized teams to find missing minors, achieving a remarkable 90% success rate in investigations. Recovered children receive counseling before being reunited with families. Some investigations uncover physical abuse, leading to charges under the POCSO Act.
A recent case of a 14-year-old girl abducted in Narpoli emphasizes these issues, as her mother reported an unidentified suspect. Mental health professionals, like Dr. Vijay Teli, stress the importance of improved parent-child communication, especially amidst digital distractions. Parents are urged to engage more with their children to prevent disappearances and provide emotional support while guiding them through adolescent challenges.
Business
Sensex crosses 81,000 Mark, Nifty Jumps 157 Points On Strong Metal & Auto Stocks

Mumbai: The Indian stock market ended Monday on a strong note, with the BSE Sensex rising 418.81 points (0.52%) to close at 81,018.72, crossing the key 81,000 mark. During the day, it touched a high of 81,093.19. The NSE Nifty also surged by 157.40 points (0.64%) to end at 24,722.75, after hitting an intraday high of 24,734.65.
Top gainers and losers
Among major gainers on the Sensex were Tata Steel, BEL, Adani Ports, TCS, Tech Mahindra, Bharti Airtel, HCL Tech, Trent, M&M, Reliance Industries, UltraTech Cement and L&T.
On the flip side, Power Grid, HDFC Bank, ICICI Bank, and Hindustan Unilever ended the session with losses.
Why the market rallied
The market’s rally was mainly driven by strong performances in the metal and auto sectors. According to experts, a weakening US dollar, strong auto sales, and positive Q1 results from key companies helped boost investor confidence.
Vinod Nair, Head of Research at Geojit Financial Services, said,
“Consumption-driven companies are showing recovery in volume demand. Also, weak US job data may lead to interest rate cuts by the Federal Reserve.”
Global cues positive
Asian markets mostly ended in the green with Hong Kong, South Korea, and China posting gains. However, Japan’s Nikkei closed in red.
European markets were trading positively, while US markets had ended lower on Friday.
Oil prices also slipped, with Brent crude falling 1.15% to USD 68.87 per barrel.
Meanwhile, Foreign Institutional Investors (FIIs) sold shares worth Rs 3,366.40 crore on Friday, as per exchange data.
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