New Modi govt to be formed soon as NDA formally elects him alliance leader for 3rd term

News Network
June 5, 2024

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Leaders of the Bharatiya Janata Party-led National Democratic Alliance (NDA) unanimously elected Prime Minister Narendra Modi as the ruling bloc's leader on Wednesday. The decision was made during a meeting at Modi's residence in New Delhi, a day after the NDA secured a majority in the Lok Sabha election, paving the way for Modi to take the oath for a third consecutive term, a first for any ruling alliance since 1962.

The meeting, attended by prominent leaders such as TDP leader N Chandrababu Naidu, Bihar Chief Minister Nitish Kumar, Maharashtra Chief Minister Eknath Shinde, LJP(R) leader Chirag Paswan, and NCP leader Praful Patel, also saw the passing of a resolution reaffirming the government's commitment to serving the poor, women, youth, farmers, and deprived sections of society.

The resolution said the NDA government will continue working to lift people's living standards for the country's all-round development while conserving its heritage.

"Over the past 10 years, 1.4 billion Indians have witnessed the country develop in every sector under the leadership of the esteemed Prime Minister, Mr. Narendra Modi, through the welfare policies of the NDA government. After a long interval of nearly six decades, the people of India have chosen a strong leadership with an absolute majority for the third consecutive time."

"We all take pride in the fact that the 2024 Lok Sabha elections were fought and won by the NDA under the esteemed leadership of Mr. Narendra Modi. All of us NDA leaders unanimously choose the esteemed Mr. Narendra Modi as our leader."

"Under Mr. Modi's leadership, the NDA government is committed to serving India's poor, women, youth, farmers, and the oppressed, deprived, and suffering citizens. By preserving India's heritage, the NDA government will continue to work towards comprehensive development and improving the standard of living for every citizen of India. This proposal was unanimously passed on June 5, 2024, in New Delhi," read the proposal letter passed by the leaders of the NDA in Delhi.

The National Democratic Alliance (NDA) leaders, in a significant move, passed a resolution emphasizing the alliance government's commitment to serving the marginalized sections of society. The resolution, passed during a meeting in New Delhi, highlighted the NDA's dedication to the welfare and empowerment of the poor, women, youth, farmers, and other deprived segments of the population.

The NDA is set to meet President Droupadi Murmu to stake claim to form the government under Modi's leadership. JD(U) MP Sanjay Kumar Jha stated, "The government under the leadership of Narendra Modi will soon be formed, and very soon a meeting of all the MPs will take place." Eknath Shinde expressed his support for Modi, stating, "Modiji has got a majority. The NDA will form the government under Modiji's leadership."

According to the sources, discussions were held on the government formation by the NDA. According to sources, PM Modi will take the oath for the third time on June 8. Discussions are ongoing regarding the allocation of key portfolios to alliance members.

Despite the BJP falling short of the magic number for the first time since 2014, the NDA is comfortably above the majority mark of 272 in the 543-member Lok Sabha. This victory paves the way for Prime Minister Narendra Modi's third term in office.

Meanwhile, President Droupadi Murmu dissolved the 17th Lok Sabha on Wednesday after the recommendation of the Union Cabinet.

"The President accepted the advice of the Cabinet on June 5, 2024, and signed the Order dissolving the 17th Lok Sabha in the exercise of the powers conferred upon her by Sub-Clause (2) of Article 85 of the Constitution," a statement issued by the Rashtrapati Bhavan said on Wednesday.

Earlier in the day, PM Modi tendered his resignation along with his Council of Ministers to President Murmu. The President accepted the resignation and requested that the Prime Minister and his Council of Ministers continue until the new government assumes office.

Also, a meeting of the opposition coalition, INDIA bloc, is convened in Delhi on Wednesday evening. INC president Mallikarjun Kharge said that leaders of the alliance will be meeting to discuss the election results and strategy thereafter.

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News Network
April 1,2025

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As the new financial year begins, several significant financial and tax-related changes take effect from April 1, 2025. Many of these updates were announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025 and have now been officially approved as part of the Finance Bill 2025.

Some of the key changes include income tax exemption on annual earnings up to Rs 12 lakh, deactivation of UPI for long-unused mobile numbers, and suspension of dividend payouts for individuals who haven’t linked their PAN with Aadhaar. Below is a comprehensive look at all the important updates.

1. Income Tax Exemption & New Tax Slabs
Under the revamped tax regime:
✅ Individuals earning up to Rs 12 lakh per year will be completely exempt from income tax.
✅ For salaried employees, a standard deduction of Rs 75,000 raises the effective tax-free limit to Rs 12.75 lakh.
✅ To claim a rebate of up to Rs 60,000, taxpayers must file their returns on time.
✅ The new tax structure applies to income earned between April 1, 2025 – March 31, 2026, and will be reflected in ITR filings for FY 2025-26 (AY 2026-27).

2. Major Changes in TDS & TCS Rules
To provide tax relief and streamline transactions, several TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) amendments have been introduced:
🔹 TDS on bank interest for senior citizens has doubled from Rs 50,000 to Rs 1 lakh.
🔹 TDS on dividend income has increased to Rs 10,000.
🔹 TCS on overseas remittances under the Liberalised Remittance Scheme (LRS) has been raised from Rs 7 lakh to Rs 10 lakh.

3. UPI Deactivation for Inactive Mobile Numbers
The National Payments Corporation of India (NPCI) will start unlinking UPI IDs associated with inactive mobile numbers. If your number has been inactive for a long period:
🔸 Your bank may remove it from their records.
🔸 You could face disruptions in Google Pay, PhonePe, or any UPI-based transactions.
🔸 This change enhances security by preventing unauthorized access to old UPI-linked accounts.

4. New GST Rules
Several Goods and Services Tax (GST) updates take effect:
🔹 Multi-factor authentication (MFA) is now mandatory for logging into the GST portal, improving online security.
🔹 E-way bills can only be generated for documents issued within the last 180 days, ensuring better compliance.
🔹 Hotel room tariffs above Rs 7,500 per day are now classified as "Specified Premises," attracting an 18% GST on restaurant services.

5. Toll Tax Hike Across National Highways
From April 1, 2025, toll charges across various highways will increase:
🚗 Delhi-Meerut Expressway, NH-9: Toll for cars will rise by Rs 5 to Rs 170.
🚛 Trucks and buses will now pay Rs 580 on major highways.
🚗 Delhi-Jaipur Highway: The Kherki Daula toll plaza will maintain current rates for cars, but the monthly pass for larger vehicles will rise by Rs 20 to Rs 950.

6. End of Equalisation Levy on Digital Transactions
The Finance Act 2025 removes the Equalisation Levy, which previously imposed a 2% tax on e-commerce and 6% on online advertisements. This change aims to:
✅ Reduce tax burden on digital service providers.
✅ Attract foreign investments in India’s digital economy.

7. Positive Pay System for Cheque Payments
To prevent bank fraud, the Positive Pay System requires account holders to:
✅ Electronically submit cheque details for payments above Rs 50,000.
✅ Ensure the details match before the cheque is processed.

8. KYC Mandatory for Mutual Fund & Demat Accounts
🔹 KYC (Know Your Customer) verification is now compulsory for mutual fund and demat accounts.
🔹 Nominee details will also undergo re-verification to enhance security.

9. Major Credit Card Perk Reductions
Credit card users will see major perk reductions, particularly with SBI, IDFC First, and Axis Bank:
❌ SBI Cards will remove complimentary insurance coverage for accidents (Rs 50 lakh for air, Rs 10 lakh for rail).
❌ Reward points on SBI Cards will be slashed from 15% to just 5%.
❌ IDFC First Club Vistara cardholders will lose milestone benefits and Club Vistara Silver membership perks.
❌ Axis Bank is discontinuing Maharaja Club tier memberships and premium vouchers.

10. Minimum Balance Rules for Bank Accounts
📌 Major banks like SBI, PNB, and Canara Bank have updated their minimum balance requirements based on account location:
🏙 Urban branches will require higher minimum balances.
🏡 Rural and semi-urban accounts may have lower minimum balance thresholds.
🚨 Failing to maintain the required balance will result in penalty charges, varying by bank.

11. Unified Pension Scheme (UPS) for Government Employees
The Unified Pension Scheme (UPS), introduced in August 2024, takes effect:
✅ Central government employees under NPS can opt for UPS.
✅ Those with at least 25 years of service will receive 50% of their average basic salary as a monthly pension.

Final Thoughts

These changes, introduced as part of the Union Budget 2025, mark a significant shift in India's tax, banking, and digital transaction landscape. With higher tax exemptions, updated TDS & TCS rules, stricter banking security, and GST amendments, the new financial year aims to simplify compliance while improving financial security and economic efficiency.

Stay informed and ensure all necessary updates to your financial accounts to avoid disruptions.

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Agencies
March 26,2025

The airstrikes led by the United States have killed at least 25 civilians in Yemen over the past week, marking the deadliest week of bombing on the country since the final months of the Washington-backed Saudi war in January 2022.

In a report released on Tuesday, the Yemen Data Project said the 25 civilians were the victims of 38 US-led aerial assaults on March 15-21, adding that 28 people were also injured in the attacks.

The independent tracker also said that 21 out of the 38 US air raids hit non-military, civilian targets.

“Civilian targets hit included: a medical storage facility, a medical center, a school, a wedding hall, residential areas, a cotton gin facility, a health office, Bedouin tents, and Al-Eiman University,” it said.

The deadliest US strike in the first week of US bombing campaign struck a residential area in Yemen’s northwestern Sa'ada province, killing 10 civilians and wounding 11 others, among them children.

The US began bombing Yemen on March 15, a few days after Yemen resumed its operation against Israeli-linked ships in response to Israel’s Gaza aid blockade that violated a ceasefire with the Hamas resistance group.

The Yemeni Armed Forces began their anti-Israel naval campaign in November 2023, a month after the occupying regime waged a genocidal war on the Gaza Strip.

The Yemeni forces halted their attacks in solidarity with the Palestinians in January, when Israel accepted a three-phase Gaza ceasefire.

Two months later, however, Israel unilaterally broke the Gaza truce and resumed its brutal onslaught on the besieged territory.

On Tuesday, Yemeni media reported 17 US strikes on Sa'ada and two more on the nearby 'Amran province.

The reports said American warplanes carried out "aggressive air raids... causing material damage to citizens' property," but gave no details of casualties.

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Agencies
March 26,2025

New Delhi: Leader of Opposition Rahul Gandhi on Wednesday claimed that he was not being given a chance to speak in the House which was being run in a "non-democratic style", and said Lok Sabha Speaker Om Birla had made "unsubstantiated" remarks about him.

Gandhi's remarks came after Birla asked him to follow the rules of procedure that members are expected to observe to uphold the dignity of the House. It was not immediately clear what was the reason for the Speaker to make the observation.

The former Congress president said the Speaker made remarks about him and then adjourned the House without giving him an opportunity to speak.

"The Speaker just got up and left. He did not allow me to speak a word. He was speaking about me, and I don't know what he said about me, all unsubstantiated. I said, 'let me speak as you have spoken about me', but he did not say a word and just left. He adjourned the House when there was no need of it," the former Congress president said.

About 70 Congress Lok Sabha MPs, including deputy leader of Lok Sabha Gaurav Gogoi, party general secretary KC Venugopal and party's whip in the Lok Sabha Manickam Tagore, met the Lok Sabha speaker and raised the "denial" of opportunity to Gandhi to speak in the House.

Speaking with reporters in Parliament House complex, Gandhi said there is a convention that the Leader of Opposition is allowed to speak, but whenever he gets up to speak, he is not allowed to speak.

"So, in what manner is this House being run? We are not being allowed to speak. I have not done anything, I was sitting quietly, I did not speak anything. In the last 7-8 days, I have not been allowed to speak," the Leader of Opposition in the Lok Sabha said.

In a democracy, the opposition has a place, and the government has its own place but here there is no place for the opposition, he alleged.

Gandhi said he wanted to speak on Maha Kumbh last week after Prime Minister Narendra Modi had made a statement on it but he was not allowed to speak.

"I wanted to state that it is good that Kumbh happened, and I wanted to speak about unemployment, but I was not allowed to speak. I don't know what thinking or approach does the Speaker have but the truth is we are not being allowed to speak. It (the House) is being run in a non-democratic style," Gandhi claimed.

Earlier, in his remarks, the Speaker said members are expected to conduct themselves in a manner that upholds the high standards and dignity of the House.

"Several instances have come to my notice where the conduct of members does not conform to the high standards," the Speaker said.

"In this House, father and daughter, mother and daughter, husband and wife have been members. In this context, I expect the Leader of the Opposition to conduct himself in accordance with Rule 349 that deals with rules to be observed by members in the House," the Speaker said.

"Especially, it is expected of the Leader of the Opposition to conduct himself as per the rules," the Speaker said.

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