Author: DH Web Desk

Deccan Herald Web Desk (DH Web Desk) is a team from Deccan Herald, an English-language daily newspaper founded in 1948 in Karnataka, India. Deccan Herald covers local India news, regional news from Asia and world news making headlines.

Former US president Barack Obama praised President Joe Biden for his commitment to serving the American people, stating that Biden has consistently upheld his dedication to the country. Obama emphasized that the greater cause of the nation transcends individual interests. “The sacred cause of this country is larger than any one of us.” Joe Biden has stayed true to these words again and again over a lifetime of service to the American people. Thank you, @POTUS.— Barack Obama (@BarackObama) July 25, 2024 President Biden recently announced his decision to withdraw from the 2024 presidential race, signaling a passing of the torch…

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Trinamool Congress MP Saket Gokhale revealed that the Modi government mainly uses income tax paid by common citizens to pay off interest on debts, rather than investing in infrastructure or development projects. Gokhale pointed out that 19% of the government’s revenue comes from income tax, while the largest revenue source is borrowing. … Additionally, 19% of the government’s expenditures are spent on paying interest on debts. This means that income tax paid by the middle-class doesn’t directly contribute to infrastructure or development projects, as claimed by Gokhale. Gokhale highlighted that the revenue from personal income tax is higher than that…

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Nirmala Sitharaman made history by presenting her seventh consecutive Union Budget, outlining the economic roadmap for India’s development under the Modi government 3.0. The Budget prioritized areas like agriculture, employment, human resource development, and infrastructure. The Ministry of Finance received the highest allocation of over Rs 18 lakh crore, followed by the Ministry of Defence with Rs 6.21 lakh crore. The Ministry of Road Transport and Highways, Railways, and Consumer Affairs also received substantial allocations. Conversely, the Ministry of Parliamentary Affairs had the lowest allocation at Rs 64 crore, followed by Coal, Steel, Planning, and Cooperation ministries. Despite tax relief…

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Union Minister Nirmala Sitharaman unveiled the Union Budget 2024-25 in the Lok Sabha, introducing a significant change of no income tax for individuals earning up to Rs 3 lakh annually in the new tax system. Additionally, adjustments to reduce GST on specific items were proposed, impacting household expenses. Noteworthy changes in Budget 2024-25 affecting household expenditures include: 1) Certain telecom equipment: Customs duty on specific telecom equipment to be raised from 10% to 15%. 2) Plastic products: Increase in customs duty proposed for plastic products to address environmental concerns. 1) Three cancer medicines: Exempted from basic customs duty. 2) Mobile…

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Nirmala Sitharaman, in her 7th Union Budget presentation under the Modi 3.0 government, announced key initiatives for the energy sector. She highlighted the introduction of a pumped storage policy for electricity storage and integration of renewable energy. Additionally, research and development of small modular nuclear reactors and newer technologies for nuclear energy were unveiled. Furthermore, a joint venture between NTPC and BHEL to establish an 800 MW commercial thermal plant using advanced ultra super critical technology is in progress. Sitharaman also mentioned the formulation of a roadmap for ‘hard to abate’ industries to transition to the ‘Indian Carbon Market’ mode.…

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Finance Minister Nirmala Sitharaman presented the Union Budget 2024, allocating Rs 1.52 lakh crore for agriculture and associated sectors. Key measures include promoting natural farming, establishing vegetable production clusters, and creating digital agriculture infrastructure. Measures to boost agriculture and allied sectors: – Introduction of natural farming practices for one crore farmers. – Establishment of large-scale vegetable production clusters. – Development of digital agricultural infrastructure in collaboration with states. Other announcements: – Introduction of National Cooperation Policy to promote cooperative sector development. – Steps to strengthen pulses production, storage, and marketing. – Focus on rural economic growth and employment opportunities. -…

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Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 today in the Lok Sabha, surpassing former Prime Minister Morarji Desai in the number of Budgets presented. The Budget will be presented in a paperless form for the third consecutive year, with Sitharaman carrying the documents on a tablet sealed in a red cloth. Her day will start with a visit to the North Block to meet Finance Ministry secretaries before proceeding to the President’s residence for formal assent. A Cabinet meeting will precede the Budget presentation, where Sitharaman will brief members and seek their approval. At 11…

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Finance Minister Nirmala Sitharaman presented the Economic Survey, a comprehensive document on the Indian economy, ahead of the upcoming Union Budget on July 23. The Survey highlighted India’s growth strategy amidst global trends. India’s growth strategy must align with global trends such as increased fragmentation, self-reliance, climate change, technology, and limited policy space worldwide. The focus should shift to bottom-up reform and governance strengthening for sustainable and inclusive growth from previous structural reforms. Key policy areas include job creation, agriculture, MSMEs, green transition, corporate bond market, inequality, and healthcare improvement. The growth strategy focuses on private investment, MSMEs, agriculture, green…

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The Supreme Court has intervened by putting a hold on the Uttar Pradesh government’s order mandating shop owners to display their names outside their shops during the Kanwar Yatra, as reported by Bar and Bench. “The directive goes against the constitutional and legal norms of our country,” the court stated in response to the order for nameplates along the Kanwar Yatra route. Stay tuned for more updates… Published 22 July 2024, 07:44 IST In a recent development, the Supreme Court has halted the Uttar Pradesh government’s decree that mandated shop owners to display their names outside their shops during the…

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Microsoft faced a global tech failure on July 19, impacting 8.5 million computers worldwide due to a routine update by cybersecurity software company, CrowdStrike. This led to the infamous “Blue Screen of Death” affecting airlines, news channels, banking operations, and government offices. Despite the widespread outage, home PCs were reportedly unaffected as CrowdStrike’s products are predominantly used by major organizations for cyber attack protection. According to cybersecurity expert Nicole Burres, home users need not worry about the outage caused by CrowdStrike. CrowdStrike swiftly responded to the issue, reassuring customers of a fix and emphasizing that the glitch was not a…

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