Podcast Episode Details
Back to Podcast Episodes
The Catch Up: 2 February
This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.
It’s the 2nd of February and and here are the top stories of this week.
Finance Minister Nirmala Sitharaman presented her sixth Budget on Thursday. This was an ‘interim Budget’ since the term of the current government will end soon and the country will go to polls. She began her Budget speech with references to the Union government’s schemes in the social sectors. No changes were announced in direct or indirect tax rates, unlike in the 2019-20 interim Budget. Fiscal Deficit came in at 5.8% — a tad lower than the target of 5.9%. Fiscal Deficit target for next financial year is set at 5.1%.
Jharkhand Governor C P Radhakrishnan met five legislators of the ruling JMM-Congress alliance on Thursday, a day after JMM leader and Hemant Soren loyalist Champai Soren staked claim to form the government in the state. Hemant Soren had submitted his resignation to the governor on Wednesday night, moments before his arrest by the Enforcement Directorate. While the JMM-Congress alliance had immediately proposed appointing Champai as the leader of the legislature party, the Governor had told them that he would revert after considering all legalities.
Opposition leaders in Maharashtra slammed the state government and civic authorities on Wednesday, after The Indian Express published an investigation report that revealed how over the past year, the Brihanmumbai Municipal Corporation disbursed funds amounting to Rs 500 crore only to MLAs from the ruling BJP and Eknath Shinde-led Shiv Sena alliance. Demanding an inquiry, the opposition parties asked whether the government considers public funds as its exclusive property.
The Reserve Bank of India on Wednesday barred Paytm Payments Bank from offering all its core services — including accounts and wallets — from March, effectively crippling the company’s business. The action is technically not a cancellation of the licence of Paytm Payments Bank, but it constricts the company’s operations to a very large extent. The RBI has allowed the withdrawal or utilisation of balance amounts by customers “without any restrictions, up to their available balance”.
Congress leader Rahul Gandhi restarted the yatra from West Bengal’s Malda on Thursday and entered Murshidabad in the afternoon. The back window of Rahul's car broke on Wednesday, as thousands of people thronged Labha Bridge to see the Yatra enter the state. The Congress cried foul and initially claimed that "anti-socials" had pelted stones at Rahul's vehicle. However, the party later clarified that the window pane was damaged when sudden brakes had to be applied as a woman came in front of the vehicle. Rahul’s Yatra is set to enter Uttar Pradesh from Chandauli on 14th of Feb.
This was the Catch-Up on the 3 Things by The Indian Express.
Published on 1 year, 1 month ago