PM Modi wins Varanasi for 3rd time; Congress' Ajay Rai loses by 1.5 lakh votes

News Network
June 4, 2024

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New Delhi: Prime Minister Narendra Modi has won the Varanasi Lok Sabha seat for a third time. Mr Modi has beaten the Congress' Ajay Rai by over 1.5 lakh votes. In third place was the Bahujan Samaj Party's Ather Jamal Lari, who finished nearly 5.8 lakh behind the Prime Minister.

The party has won this seat nine times since 1991, with only RK Mishra of the Congress, in 2004, breaking that streak. And it was, for some time, another Congressman who raised opposition hopes.

Earlier today Mr Rai - who has contested and lost each of the past three general elections from the temple town - threatened (briefly) to cause, perhaps, the biggest shock in Indian electoral history.

Initially Mr Rai was leading the Prime Minister by 6,223 votes. As the day wore on, though, the PM stretched his legs and disappeared into the distance, finishing with over 6.12 lakh votes.

However, delight over the Prime Minister's win is likely to be tempered by the BJP's less-than-stellar performance across the state in this election, despite having dominated its electoral politics since 2014, when a 'Modi wave' swept UP (and the country) and corralled 61 of its 80 Lok Sabha seats.

Since then the BJP has been nearly unbeatable in UP.

That was followed by a Yogi Adityanath-led BJP scripting a stunning revival at the state level - by winning 312 of the state's 403 Assembly seats. In 2012 the BJP had won only 47 seats.

Yogi Adityanath claimed a second term in 2022, despite the party being heavily criticised over the farmers' protests. And, before that, the BJP amassed 62 seats in the 2019 general election.

The 2024 Lok Sabha election in UP was expected to be no different, at least according to exit pollsters, who handed Mr Modi's party a big win. A poll of exit polls gave the BJP 68 seats.

The Congress-led INDIA bloc was only expected to get 12 seats.

The reality, though, has been starkly different.

Driven by Akhilesh Yadav's Samajwadi Party, the INDIA group has gone head-to-head with the BJP in UP and will, most likely, finish a distant second - an unthinkable result before today.

The SP is set to win 38 seats - a record haul for the party in Lok Sabha polls - if the numbers hold, while the Congress will win seven. Crucially, the Congress is set to win back the Amethi bastion it lost to the BJP's Smriti Irani five years ago; the outgoing Union Minister had beaten Rahul Gandhi.

However, it is not Mr Gandhi who will gain revenge for the Congress.

It will be Kishor Lal Sharma, after Rahul Gandhi opted to contest the Raebareli seat - in addition to defending his Wayanad seat - left vacant by his mother Sonia Gandhi's shift to the Rajya Sabha.

Mr Gandhi is en route to massive wins from both seats.

The turnaround in UP is the story of the day and underlines the INDIA bloc's surprising challenge to the BJP, which includes tight contests in two other battleground states - Bengal and Maharashtra.

In Bengal Mamata Banerjee's Trinamool fought off an early surge from the BJP and is likely to improve on its haul of 22 (of 42) seats from the 2019 election. More importantly, it will knock back the BJP in the eastern state, from which much was expected after a record haul of 18 last time.

Meanwhile, in Maharashtra the Maha Vikas Aghadi, despite being rocked by splits within the Shiv Sena and Sharad Pawar's NCP, has dominated. The MVA, which also includes the Congress, is on course to win 29 of 48 seats in a state in which the BJP was hoping to make big gains.

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News Network
March 20,2025

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New York: An Indian national enrolled as a postdoctoral fellow in the US has been detained by immigration authorities, said a media report, less than a week after a Columbia student from India self-deported following allegations of activities supporting Hamas.

Badar Khan Suri's lawyer claimed that he is being punished “because of the Palestinian heritage of his wife — who is a US citizen — and because the government suspects that he and his wife oppose US foreign policy toward Israel.”

He is a former student of Jamia Millia Islamia, New Delhi.

Suri is currently a postdoctoral fellow at the Alwaleed Bin Talal Center for Muslim-Christian Understanding at the Edmund A Walsh School of Foreign Service, Georgetown University, Washington DC.

A report in Politico said that Suri, who was studying and teaching on a student visa, has been “detained by federal immigration authorities amid the Trump administration’s crackdown on student activists whom the government accuses of opposing American foreign policy.”

The report said that “masked agents” arrested Suri from outside his home in Virginia Monday night.

A petition filed by his lawyer Hassan Ahmad said that he was taken to a facility in Virginia and is “expected to be transferred soon to a detention centre in Texas.”

The Politico report said that Suri’s lawyer has filed a lawsuit for his immediate release.

“The agents identified themselves as being with the Department of Homeland Security and told him the government had revoked his visa,” the lawsuit says, according to the Politico report.

The report added that according to Suri’s petition, he was put in “deportation proceedings under the same rarely used provision of immigration law” that the government has invoked to try to deport Mahmoud Khalil, the Columbia University graduate and legal permanent resident arrested for his role in leading campus protests at Columbia against Israel. 

The petition says the couple has “long been doxxed and smeared” on anonymously run, far-right websites due to their support for Palestinian rights. The petition adds that Suri’s wife Mapheze Saleh has been alleged to have “ties with Hamas” and once worked for Al Jazeera.

The petition further notes that Suri has no criminal record and has not been charged with a crime. Ahmad said he had not been able to contact Suri as of Wednesday evening.

“We’re trying to speak with him. That hasn’t happened yet,” Ahmad said.

“This is just another example of our government abducting people the same way they abducted Khalil.”

According to his profile on the website of Georgetown University, Suri completed his PhD in Peace & Conflict Studies from Nelson Mandela Center for Peace and Conflict Resolution, Jamia Millia Islamia, New Delhi in 2020. 

He wrote his thesis on Transitional Democracy, Divided Societies and Prospects for Peace: A Study of State Building in Afghanistan and Iraq in which he underlined the complexities involved in introducing democracy in ethnically diverse societies; as well as challenges to project state building.

He has travelled extensively in the conflict zones of India, Pakistan, Balochistan in Iran, Iran, Turkey, Kurdish Areas in Turkey, Syria, Lebanon and its southern region, Egypt and Palestine.  

The Politico report quoted a statement from a Georgetown spokesperson as saying that Suri is an "Indian national who was duly granted a visa to enter the United States to continue his doctoral research on peacebuilding in Iraq and Afghanistan.

"We are not aware of him engaging in any illegal activity, and we have not received a reason for his detention. We support our community members’ rights to free and open inquiry, deliberation and debate, even if the underlying ideas may be difficult, controversial or objectionable. We expect the legal system to adjudicate this case fairly," the spokesperson said.

Suri's detention comes less than a week after Ranjani Srinivasan, an Indian student at Columbia University, self-deported after her visa was revoked for allegedly “advocating for violence and terrorism” and involvement in activities supporting Hamas.

Srinivasan had entered the United States on an F-1 student visa as a doctoral student in Urban Planning at Columbia University, the Department of Homeland Security had said.

It added that Srinivasan was “involved in activities supporting” Hamas, a terrorist organisation.

The Department of State had revoked her visa on March 5. The Department of Homeland Security said it has obtained video footage of Srinivasan using the Customs and Border Protection (CBP) Home App to self-deport on March 11. 

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News Network
March 28,2025

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A 7.7 magnitude earthquake, and an aftershock of 6.8, hit central Myanmar at 12.50pm (local time) Friday. The epicentre was 16km northwest of the city of Sagaing, and at a depth of 10km, the United States Geological Survey said. 20 deaths have been reported - in Myanmar so far - by local media.

Deaths have also been reported from a mosque in Mandalay city, which collapsed while people were inside, praying and a university building in which a fire broke out. And a 1,000-bed hospital in Myanmar capital Naypyidaw has become a "mass casualty area", news agency AFP said.

The Myanmar junta has declared an 'emergency' and has appealed for international aid.

Tremors were felt as far away as northern Thailand, where some metro and rail services were suspended in Bangkok. Thai Prime Minister Paetongtarn Shinawatra is holding an "urgent meeting" to review the crisis and she too has declared a state of 'emergency' in the capital city.

China's Yunnan province also reported strong tremors; the China Earthquake Networks Center said the magnitude was 7.9. And mild tremors were also reported from Kolkata in Bengal and parts of Manipur, where tremors of 4.4 magnitude were recorded as well as Dhaka and Chattogram in Bangladesh.

Prime Minister Narendra Modi has said India is ready to offer any assistance needed. "Praying for the safety and wellbeing of everyone," he posted on X. "... have asked our authorities to be on standby."

Terrifying videos on X showed buildings shaking in Bangkok and other cities, with people running onto the streets in panic. "I heard it... I was sleeping in the house and then I ran as far as I could in my pyjamas out of the building," Duangjai, a resident of popular tourist city Chiang Mai, told AFP.

One particularly horrifying video showed water from an infinity pool falling over the edge.

And another showed an under-construction skyscraper in Bangkok's Chatuchak neighbourhood collapsing. According to reports, 43 workers have been trapped amid the debris.

"When I arrived to inspect the site, I heard people calling for help, saying help me," Worapat Sukthai, deputy police chief of Bang Sue district, told AFP. "We estimate that hundreds of people are injured but we are still determining the number of casualties."

In Myanmar, an old bridge over the Irrawaddy River and some residential buildings having collapsed, with images from Mandalay (around 24km from Sagaing) suggesting more people may be trapped.

Other videos showed extensive damage to the airport in Mandalay and to a monastery near the city of Taunggyi, in Myanmar's Shan State that is on the border to Thailand.

Earthquakes are relatively common in Myanmar, where six strong quakes of 7.0 magnitude or more struck between 1930 and 1956 near the Sagaing Fault, which runs north to south through the country.

A powerful 6.8-magnitude earthquake, in the ancient capital Bagan in central Myanmar, killed three people in 2016, also toppling spires and crumbling temple walls at the tourist destination.

The impoverished nation has a strained medical system, especially in its rural states.

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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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