Today’s Top 10 News: From Sitharaman’s Amritanjan Budget Balm for Middle class to Pathaan’s unstoppable Box Office Juggernaut , here are the top picks for you
Today’s Top 10 News: DNP News brings to you top 10 breaking stories of the day to keep you abreast of all the latest developments from India and around the world.
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1. FM Sitharaman soothes the middle class by using Amrit-anjan balm
According to Nirmala Sitharaman, the Union Budget 2023 aims to make switching to the new tax system more appealing for people and will help the middle class. The following year, India will hold general elections. “After a very long period, there have been significant reforms to the personal income tax that will help the middle class. After presenting her sixth consecutive Budget, Sitharaman told reporters, “This country has been yearning for direct taxation to be simplified and compliance to be made easier.
2. Gautam Adani: FPO dropped owing to market turbulence
According to billionaire Gautam Adani, market volatility was a major factor in his decision to cancel a fully subscribed share sale of the group’s flagship company. Since a U.S. short seller made serious accusations, the value of the stocks of the Adani Group has dropped by almost $90 billion.
3. Budget 2023: Under a new programme, there is no tax on income up to Rs 7 lakhs
Nirmala Sitharaman, the finance minister, declared on Wednesday that under the new tax system, persons making up to 7 lakh annually are exempt from paying any income tax, supporting the system that forbids all deductions on investments. The Minister stated that although the new regime will be the default, taxpayers could still choose to file under the old regime, which permits tax exemptions and deductions on investments and expenses like HRA (house rent allowance). For those who choose to stick with the current system, the Budget didn’t offer any modifications.
4. Modi Government to develop digital public infrastructure for agricultural industry
The Narendra Modi administration at the Central level plans to create a digital public infrastructure for the agricultural industry that would serve as an open-source digital public good and promote the development of the agritech sector and entrepreneurs. For the upcoming fiscal year, the government has also increased the objective for agricultural loan by 11% to Rs 20 lakh billion, with an emphasis on dairy, fisheries, and animal husbandry.A digital public infrastructure for the agriculture sector, according to Finance Minister Nirmala Sitharaman, will enable inclusive farmer-centric solutions through pertinent information services for crop planning, improve access to farm input, credit, and insurance, assist with crop estimation, market intelligence, and support the growth of the agritech industry.
According to Wednesday’s announcement by Railway Minister Ashwini Vaishnaw, the Railways will create Vande Metro, a scaled-down version of the Vande Bharat Express trains, to allow individuals who live near large cities to commute between their places of employment and homes in comfort. Speaking at a press conference after Finance Minister Nirmala Sitharaman announced the Union Budget 2023–24 would include the highest-ever capital outlay for the railways of Rs 2.40 lakh crore, Vaishnaw added that India would receive its first hydrogen train by December 2023, which would be entirely domestically produced. Initially, it will be operated on historic routes like Kalka-Shimla.
6. IMF authorises $4.7 billion in support for Bangladesh
An $4.7 billion support loan package approved by the IMF would assist Bangladesh in coping with rising energy and food prices that have provoked widespread demonstrations.Following Russia’s invasion of Ukraine, Bangladesh and other South Asian nations that depend on the importation of fossil fuels were severely impacted by substantial increases in living expenses.
7. Russia asserts control of the Ukrainian villageof Bakhmut
The village of Blagodatne, which is located north of the eastern Ukrainian town of Bakhmut and has been the scene of intense combat, was reportedly taken by the Russian troops on Tuesday.Using Moscow’s terminology for the eastern Donetsk region, the defence ministry said that its forces had “liberated the village of Blagodatne of the Donetsk People’s Republic” as a consequence of “successful offensive measures.”
8. Australian banknotes will no longer feature British monarchy
The British monarchy will no longer appear on Australian banknotes.The new $5 bill will not have a picture of King Charles III on it, the country’s central bank announced on Thursday. But one can still anticipate seeing the king on coinage.Australia’s only existing banknote with a portrait of the monarch is the $5 bill. The bank claimed that after consulting with the government, which was in favour of the modification, a decision was made. The move, according to critics, has political motivations.
India defeats New Zealand in a historic T20I series victory
In the third T20I of the series, the Indian cricket side totally outperformed New Zealand, securing a 168-run victory to end the series 2-1. The Hardik Pandya-led team also became the first team in the history of the game to earn 50 T20I series wins at home with what was the second-biggest victory for a team in T20Is (for Test playing nations) and the highest against a Test playing nation. With the 2-1 victory, India’s cricket team reached a milestone of 50 home T20I series victories. Shubman Gill scored his first century in the format, helping India get off to a great start. In the process, Gill achieved a feat few other players in the game had: centuries in all three game styles.
10. “Pathaan” continues to make money and is getting close to a global gross of Rs 600 cr
The movie “Pathaan,” starring Shah Rukh Khan, John Abraham, and Deepika Padukone, is having a record-breaking run both domestically and internationally after earning Rs 591 crore worldwide in just six days. On January 25, the movie under the direction of Siddharth Anand was launched.”Pathaan” earned Rs 26.50 crore in India on its sixth day (Hindi: Rs 25.50, all dubs: Rs 1.00 crore), bringing the country’s total to 32 crore. Day six’s international gross is Rs 16 crore. “Pathaan” has made $27.56 million (Rs 224.6 crore) in just six days in foreign markets alone, while its domestic nett earnings currently stand at 307.25 million (Hindi – Rs 296.50 crore, dubbed – Rs 10.75 crore)
