Business Standard

LIVE: Finance Minister Sitharaman gears up to present her 5th Budget

Catch all the latest news and updates from around the world here

Image BS Web Team New Delhi
Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman getting ready to present the last full budget of the Modi 2.0 government, expectations are high that she will meet the demands of all stakeholders, including the common man who is reeling under the price rise. The finance minister has held several rounds of discussions with various stakeholders, and final touches are being given to the Union Budget for 2023-24 which will be unveiled in the Lok Sabha on February 1.

Congress president Mallikarjun Kharge greeted party MP Rahul Gandhi at the concluding event of Bharat Jodo Yatra in Srinagar, Jammu and Kashmir on Monday. The event took place amid heavy snowfall. This marks the end of the 136-day-long yatra. 

Bihar Chief Minister Nitish Kumar on Monday ruled out the possibility of a realignment with the BJP, asserting that he will "rather die than join hands" with his former ally. The JD(U) leader also reminded the saffron party that while in alliance it used to get votes of all his supporters, including Muslims who have always been "wary" of the BJP's Hindutva ideology.

An all-party meeting, being convened by the Centre ahead of the Budget Session, will be held in the national capital today. The government is likely to seek cooperation from the Opposition for a smooth running of the Parliament. Union Parliamentary Affairs Minister Pralhad Joshi has convened the meeting which will be held at noon in Parliament Annexe Building.

The mortal remains of Odisha Health Minister Naba Das, who succumbed to bullet injuries, were brought to his official residence early Monday. Das was shot in Brajarajnagar in Jharsuguda district and succumbed to his bullet injuries in Bhubaneswar hospital. According to a statement from the Odisha government, the national flag will fly at half-mast on the day of death and on the day of the funeral. Chief Minister Naveen Patnaik expressed deep shock and distress over the unfortunate death of Minister Naba Das. "He was an asset for both the Govt and the party. His death is a great loss to the State of Odisha," Odisha CMO quoted him as saying.

A top Republican has said that the risk of conflict with China over Taiwan is 'very high', after an American general said in a memo that the country will be at war with China by 2025. In an interview to Fox News, the new chairman of the Foreign Affairs Committee in the US House of Representatives Michael McCaul said, "We have to be prepared for this and it could happen I think as long as Biden is in office projecting weakness as he did with Afghanistan that led to Putin invading Ukraine -- that the odds are very high we could see a conflict with China and Taiwan and the Indo-Pacific." On Friday, a US general said he believes the country will be at war with China by 2025, saying Taiwan's and America's presidential elections in 2024 may give Chinese President Xi Jinping an 'opportunity'.

A full emergency was declared at 8.04 pm last evening at the Cochin International Airport after an Air India Express flight from Sharjah experienced suspected hydraulic failure during landing, a CIAL spokesperson said. All 183 passengers and six crew members onboard flight IX 412 were safe. The CIAL said no runway was blocked or flights were diverted due to this incident. The emergency was withdrawn at 8.36 pm and air operations were declared normal. An Air India Express spokesperson said later it was a normal landing at the scheduled arrival time (8.34pm) and no urgency or emergency call was made by the pilot to the Air Traffic Control.

8:42 PM

Maruti Suzuki crosses 25 million cumulative sales mark in India: Suzuki Motor Corp

Japanese auto major Suzuki Motor Corporation on Monday said its subsidiary Maruti Suzuki India has crossed 25 million domestic sales milestone earlier this month. Maruti Suzuki India achieved the sales mark on January 9, 2023. Suzuki signed a joint venture agreement with Maruti Udyog, the predecessor of Maruti Suzuki in 1982 and rolled out its first car -- Maruti 800 -- in December 1983.
4:45 PM

Exide Q3 net up 11.38% to Rs 199 cr on price hikes, growth across verticals

Exide Industries reported an 11.38 per cent year-on-year (YoY) increase in consolidated net profit to Rs 198.61 crore in Q3FY23, led by growth in most business verticals, price hikes and cost optimisation initiatives. In the year-ago period, profit was at Rs 178.32 crore.
4:23 PM

Apple sells 2 million iPhones in India during Q4 2022; logs 18% growth

Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device, new data showed on Monday.
4:20 PM

Auto parts sourcing start-up CapGrid raises $7 mn in series A from Nexus

CapGrid, a B2B automotive parts sourcing start-up, has raised $7 million in a series A funding round led by Nexus Venture Partners. The round also saw participation from existing investors Axilor, Anicut Capital and Deepak Jain, partner at Bain & Company.
4:18 PM

25 killed, 120 injured in suicide blast at mosque in high-security zone in Pakistan's Peshawar

A powerful suicide blast ripped through a mosque during afternoon prayers on Monday in the high-security zone in Peshawar city in Pakistan, killing at least 25 people and wounding 120 others, mostly policemen, security and health officials said.
The blast occurred in the mosque in the Police Lines area around 1.40 pm when a suicide bomber present in the front row during the Zuhr (afternoon) prayers blew himself up, security officials said.
4:14 PM

Murali Vijay announces retirement from all forms of International cricket

4:12 PM

LIC claims its equity exposure in Adani Group at 0.97% of total AUM

India's Life Insurance Corporation (LIC) said on Monday that its total exposure in Adani Group companies is less than 1 per cent of its total assets under management (AUM) at book value.
4:11 PM

Rupee ends little changed as budget, Fed meeting awaited

The Indian rupee ended flat on Monday, as the choppiness in equity markets soured the mood at the beginning of a week packed with the domestic Union budget and global central bank meetings. Having moved in a narrow band throughout the session, the partially convertible rupee finished at 81.4950 per U.S. dollar, compared to its previous close of 81.5225.
4:09 PM

India player Murali Vijay calls time on international career

Out-of-favour India player Murali Vijay on Monday announced he was retiring from international cricket. The right-handed batter who featured in 61 Tests, 17 ODIs and nine T20 Internationals last played for the country in the Perth Test against Australia in December 2018.
2:57 PM

Oppn raise Adani issue in all-party meeting, seek discussion in Parliament

AAP's Sanjay Singh, RJD's Manoj Jha, DMK, Left, others raise Adani issue in all-party meeting, seek discussion in Parliament
2:51 PM

Will decide soon: BRS on boycott of President address during Budget session

"We will decide soon," said BRS MP K Keshava Rao on boycotting President's address during Budget session of Parliament
2:48 PM

WHO says Covid still an international emergency

WHO has said that Covid still an international emergency, reported AFP 
2:38 PM

Govt willing to discuss every issue under rules: Pralhad Joshi seeks Oppn's cooperation

Govt willing to discuss in Parliament every issue under rules, we seek Oppn's cooperation, said Minister Pralhad Joshi after all-party meeting.

37 leaders from 27 parties participated in the all-party meeting today, he added.
2:36 PM

This is how they waste precious time of SC: Rijiju on plea against ban on BBC documentary

2:23 PM

At least 50 injured in suicide bombing at mosque in Pakistan's Peshawar

Geo News says at least 50 people have been injured in the blast inside a mosque in Pakistan's Peshawar city.

It cites security offficlas to add that it was a suicide attack. The bomber was present in the front row during the prayers.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2023 | 8:36 AM IST

Explore News