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. Budget likely to encourage expenditure to sustain growth while reducing the deficit
The government will strive to reduce its fiscal deficit while providing incentives for investment and increasing state spending to boost an economy that is hampered by the global slowdown when it presents its yearly budget to parliament on Wednesday.
2. PM Modi: Union Budget to meet the hopes and aspirations of common citizens
On the eve of the presentation of the Union Budget, Prime Minister Narendra Modi noted the uncertain economic future for the world and declared that India’s budget will make an effort to meet the expectations and aspirations of ordinary folks, adding that the entire world was watching it with hope.Tuesday’s parliamentary session began with President Droupadi Murmu’s address to the combined Houses of Parliament, and Mr. Modi gave his traditional opening comments.
3. Droupadi Murmu: India has a government which respects the honest and works with speed and scale
President Droupadi Murmu said on Tuesday that the “biggest change” in the nine years since the election of the Narendra Modi government was that “every Indian’s confidence is at its peak and the world’s outlook towards India has changed” in her inaugural speech to the joint session of both Houses of parliament. President Murmu gave the customary opening address to the budget session of parliament, praising the Narendra Modi administration. He said, “India has a government that is stable, fearless, decisive, and working with lofty ambitions,” and that it “respects the honest” and works quickly and efficiently.
4. Growth slows, government investments in agriculture sector sluggish
According to the Economic Survey, the country’s agriculture industry expanded by 3% in 2021–2022 compared to an average increase of 4.6% over the previous six years. This industry saw growth of 3.3% in the years 2020–21. The growth rate was 6.8% in 2016–17, 6.6% in 2017–18, 2.1% in 2018–19, and 5.5% in 2019–20, respectively. In 2020–21, according to the survey, private investment in agriculture climbed to 9.3%. However, the public investment stayed at 4.3%, the same as it was for 2019–20. Public investment in agriculture in 2011–12 was 5.4%. As per survey, which was presented to both Houses of Parliament on Tuesday, the agriculture and allied sector has performed well over the past few years thanks to the Center’s efforts to increase crop and livestock productivity, guarantee farmers’ returns through price support, encourage crop diversification, improve market infrastructure by providing encouragement for the formation of farmer-producer organisations, and promote inve The Pradhan Mantri Kisan Samman Nidhi and other programmes were praised in the study for supporting farmers.
5. Army performs joint exercise near Siliguri Corridor in North Bengal
In North Bengal, near to the vital “Siliguri” corridor, popularly known as “Chicken’s neck,” the Army held a joint training exercise called “Trishakti Prahar.” The exercise was conducted from January 21 to Tuesday. According to Army officials, the exercise allowed different agencies to practise and coordinate for “rapid movement and employment of soldiers” throughout North Bengal.
6. China mocks phone call between the new Czech president and Taiwan
On Tuesday, China accused Petr Pavel, the incoming president of the Czech Republic, of undermining its rigid stance on national sovereignty by reaffirming his country’s connections to self-governing Taiwan over the phone.
7. IMF approves $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.
8. India loses position in top five markets due to Adani stock collapse
Foreign funds withdrew a little over $2 billion, or roughly Rs 17,300 crore, from the Indian market in three trading days as the and amid a sharp selloff in Adani Group equities. The decline in Adani stock prices, which since January 24 have lost a total of over $67 billion, or around Rs 5. 6 lakh crore, has caused a decline of nearly $150 billion in the value of India’s stock market. As a result, India’s market cap as a percentage of the global market cap also decreased, from 3.6% last year to 3.1% this year, according to Bloomberg statistics. India is now ranked sixth on the list of nations with the largest market caps, trailing France, as its market cap fell to $3.2 trillion. India’s stock market was the fifth largest by market cap in 2022 as a result of its stability throughout the global financial crisis and modest 4% growth compared to falls of 20–30% in some other major markets.
9. Shreyas Iyer won’t play in the first Test for the Border-Gavaskar Trophy, but Suryakumar Yadav is expected to make his debut
Shreyas Iyer, will not play in the first Test match against Australia, which will begin on February 9 in Nagpur. Given that the batter hasn’t fully healed from his back ailment, Iyer is likely to be fit by the second Test onward. Due to a back ailment, the Mumbai middle order batsman had to withdraw from the three-match ODI series against New Zealand and was instructed to travel to Bengaluru’s National Cricket Academy (NCA) for rehabilitation. According to information obtained, Iyer continues to experience lower back pain despite receiving injections, and the NCA has urged the middle-order batsman to take at least two weeks off.
10. “Gumraah,” starring Aditya Roy Kapur and Mrunal Thakur, will release on April 7
The makers of the new criminal thriller Gumraah unveiled it on Tuesday. It stars actors Aditya Roy Kapur and Mrunal Thakur. The film is a Hindi adaptation of the Tamil hit Thadam from 2019, which starred Arun Vijay and Vidya Pradeep.
