Near Line of Actual Control (LAC), the&nbsp;India-China border, a group of Ladakh shepherds displayed remarkable courage as they confronted Chinese soldiers attempting to obstruct them from grazing sheep, media reports said citing video footage. The viral video capturing the confrontation has garnered widespread admiration for the shepherds on social media.

Following the Galwan Valley clash in 2020, where a violent confrontation broke out between Indian and Chinese soldiers on the night of June 15-16 in the border region of Ladakh,&nbsp;local shepherds had refrained from grazing animals in the area.

The shepherds, seen in the widely-circulated video, reclaimed their grazing rights in the region and compelled People's Liberation Army (PLA) soldiers to withdraw, an act which is now hugely appreciated on social media platforms.&nbsp;

Chushul councillor Konchok Stanzin commended the resilience of the shepherds.

"It is heartening to see the positive impact made by @firefurycorps_IA in Border areas of Eastern Ladakh in facilitating the graziers and nomads to assert their rights in traditional grazing grounds along the north bank of Pangong," he wrote in a social media post.

<blockquote>
It is heartening to see the positive impact made by @firefurycorps_IA 
in Border areas of Eastern Ladakh in facilitating the graziers &amp; nomads to assert their rights in traditional grazing grounds along the north bank of Pangong. 
I would like to thank <a href="https://twitter.com/hashtag/IndianArmy?src=hash&amp;ref_src=twsrc%5Etfw">#IndianArmy</a> for such strong… <a href="https://t.co/yNIBatPRKE">pic.twitter.com/yNIBatPRKE</a>
— Konchok Stanzin (@kstanzinladakh) <a href="https://twitter.com/kstanzinladakh/status/1752323717323968671?ref_src=twsrc%5Etfw">January 30, 2024</a></blockquote>

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"I would like to thank #IndianArmy for such strong civil-military relations &amp; looking after the interests of the border area population," he said adding, "I salute our nomads, who always stand to protect our land and stand as the second guardian force of the nation."&nbsp;

<h2>When did the incident take place?&nbsp;</h2>

As per reports, the incident took place earlier this month. The video showed a standoff between at least three Chinese armored vehicles and the shepherds.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/varanasi-court-grants-hindu-devotees-worship-rights-in-sealed-gyanvapi-mosque-basement-685470">Varanasi Court grants Hindu devotees worship rights in sealed Gyanvapi Mosque basement</a>

Despite alarms blaring from the vehicles, the shepherds stood their ground, vehemently asserting their presence on Indian territory.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/india-budget-2024-what-to-watch-out-for-685447">India Budget 2024: What to watch out for?</a>

Even after the verbal confrontation, the footage does not show any violent act taking place.

<section>
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As per the visuals, Chinese soldiers were not carrying any weapons with them.&nbsp;
</section>

(With inputs from agencies)

&nbsp;

Near Line of Actual Control (LAC), the India-China border, a group of Ladakh shepherds displayed remarkable courage as they confronted Chinese soldiers attempting to obstruct them from grazing sheep, media reports said citing video footage.

Near Line of Actual Control (LAC), the India-China border, a group of Ladakh shepherds displayed remarkable courage as they confronted Chinese soldiers attempting to obstruct them from grazing sheep, media reports said citing video footage. The viral video capturing the confrontation has garnered widespread admiration for the shepherds on social media. Following the Galwan Valley clash in 2020, where a violent confrontation broke out between Indian and Chinese soldiers on the night of June 15-16 in the border region of Ladakh, local shepherds had refrained from grazing animals in the area. The shepherds, seen in the widely-circulated video, reclaimed their grazing rights in the region and compelled People's Liberation Army (PLA) soldiers to withdraw, an act which is now hugely appreciated on social media platforms. Chushul councillor Konchok Stanzin commended the resilience of the shepherds. "It is heartening to see the positive impact made by @firefurycorps_IA in Border areas of Eastern Ladakh in facilitating the graziers and nomads to assert their rights in traditional grazing grounds along the north bank of Pangong," he wrote in a social media post. It is heartening to see the positive impact made by @firefurycorps_IA in Border areas of Eastern Ladakh in facilitating the graziers & nomads to assert their rights in traditional grazing grounds along the north bank of Pangong. I would like to thank #IndianArmy for such strong… pic.twitter.com/yNIBatPRKE — Konchok Stanzin (@kstanzinladakh) January 30, 2024 × "I would like to thank #IndianArmy for such strong civil-military relations & looking after the interests of the border area population," he said adding, "I salute our nomads, who always stand to protect our land and stand as the second guardian force of the nation." When did the incident take place? As per reports, the incident took place earlier this month. The video showed a standoff between at least three Chinese armored vehicles and the shepherds. Also Read | Varanasi Court grants Hindu devotees worship rights in sealed Gyanvapi Mosque basement Despite alarms blaring from the vehicles, the shepherds stood their ground, vehemently asserting their presence on Indian territory. Also Read | India Budget 2024: What to watch out for? Even after the verbal confrontation, the footage does not show any violent act taking place. Watch | Arun Yogiraj speaks about inspiration behind idol of Lord Ram × As per the visuals, Chinese soldiers were not carrying any weapons with them. (With inputs from agencies)

WATCH | Ladakh shepherds stand firm against Chinese troops, draw applause from Indian netizens

The world's fifth-largest economy is waiting for the interim budget scheduled to be presented on February 1, 2024, by Finance Minister Nirmala Sitharaman. This will be her sixth budget in a row as finance minister in Prime Minister Narendra Modi's cabinet, ahead of crucial national elections in the spring in which Modi is seeking a third consecutive term in power.&nbsp;

According to tech startups cited in the media, they are hoping&nbsp;that Sitharaman will announce measures to strengthen the focus on supporting them develop more intellectual property within the country.&nbsp;

Furthermore, there appears to be unanimity on the need to boost Research and Development within the country.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/budget-2024-indias-start-up-ecosystem-seeks-redemption-after-a-tepid-2023-685370">Budget 2024: India’s start-up ecosystem seeks redemption after a tepid 2023</a>&nbsp;

"In my opinion, startups in the current ecosystem require streamlined regulations and government support for initial R&amp;D funding to compete globally," Milan Sharma, founder and MD, 35North Ventures told Zee Business.&nbsp;

"For investors, better alignment of taxation on unlisted equities would allow better capital inflow," Sharma added.

<h2>Call for tax benefits for startup investors</h2>

According to Ravi Gupta, founder of Guptaji Invests, tax benefits must be given to the startup investors.&nbsp;

Gupta told Zee Business that startup investors take "the highest risk by investing in an asset class that has the lowest success ratio".&nbsp;

Also watch |&nbsp;India Budget 2024: President Murmu praises defence production crossing Rs 1 lakh-crore mark

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"The more strategic investments happen in fundable startups, the more India as a nation will become a better place to live, as what a proper startup does is solve a burning problem. But precautionary measures should be taken so that India will not become a 'tax haven' and investors don't do money laundering," Gupta added.

"Due to the Angel tax levy, investments are not happening much in the highest-risk asset class startups. Tax benefits to startups should be increased from 3 years to 5 years or more. The government should not consider it a revenue loss but rather an investment from the government side for a brighter future, a better India, and the best-case scenario to make India the best nation of all," he said.

From just 350 in 2014, India had over 90,000 start-ups in 2023. At least 111 of them are unicorns, start-ups that are valued at over $1 billion. India now has the third-largest start-up ecosystem in the world.&nbsp;

The world's fifth-largest economy is waiting for the interim budget scheduled to be presented on February 1, 2024, by Finance Minister Nirmala Sitharaman. This will be her sixth budget in a row as finance minister in Prime Minister Narendra Modi's cabinet, ahead of crucial national elections in the spring in which Modi is seeking a third consecutive term in power.

The world's fifth-largest economy is waiting for the interim budget scheduled to be presented on February 1, 2024, by Finance Minister Nirmala Sitharaman. This will be her sixth budget in a row as finance minister in Prime Minister Narendra Modi's cabinet, ahead of crucial national elections in the spring in which Modi is seeking a third consecutive term in power. According to tech startups cited in the media, they are hoping that Sitharaman will announce measures to strengthen the focus on supporting them develop more intellectual property within the country. Furthermore, there appears to be unanimity on the need to boost Research and Development within the country. Also read | Budget 2024: India’s start-up ecosystem seeks redemption after a tepid 2023 "In my opinion, startups in the current ecosystem require streamlined regulations and government support for initial R&D funding to compete globally," Milan Sharma, founder and MD, 35North Ventures told Zee Business. "For investors, better alignment of taxation on unlisted equities would allow better capital inflow," Sharma added. Call for tax benefits for startup investors According to Ravi Gupta, founder of Guptaji Invests, tax benefits must be given to the startup investors. Gupta told Zee Business that startup investors take "the highest risk by investing in an asset class that has the lowest success ratio". Also watch | India Budget 2024: President Murmu praises defence production crossing Rs 1 lakh-crore mark × "The more strategic investments happen in fundable startups, the more India as a nation will become a better place to live, as what a proper startup does is solve a burning problem. But precautionary measures should be taken so that India will not become a 'tax haven' and investors don't do money laundering," Gupta added. "Due to the Angel tax levy, investments are not happening much in the highest-risk asset class startups. Tax benefits to startups should be increased from 3 years to 5 years or more. The government should not consider it a revenue loss but rather an investment from the government side for a brighter future, a better India, and the best-case scenario to make India the best nation of all," he said. From just 350 in 2014, India had over 90,000 start-ups in 2023. At least 111 of them are unicorns, start-ups that are valued at over $1 billion. India now has the third-largest start-up ecosystem in the world.

India Budget 2024: What startups expect from Finance Minister Nirmala Sitharaman

The Rajya Sabha Privileges Committee on Tuesday held 11 suspended opposition MPs guilty of breach of privilege and contempt of the Council of States, but Chairman Jagdeep Dhankhar revoked their suspension allowing them to attend the Budget session, sources said.

In its report to the Rajya Sabha chairman a day before the session starts on Wednesday, the committee also recommended that the period of suspension already suffered by the members be treated as “sufficient punishment” for the transgression.

The MPs held “guilty of breach of privilege and contempt of the Council” of States are Jebi Mather Hisham, L Hanumanthaiah, Neeraj Dangi, Rajmani Patel, Kumar Ketkar, G C Chandrashekhar, Binoy Viswam, Sandosh Kumar P, M Mohamed Abdulla, John Brittas and A A Rahim.

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The committee presented the report to Dhankhar, taking note of the situation that the suspended members would not be able to attend the special address of President Droupadi Murmu to both Houses of Parliament, the first address in the new building of Parliament, on Wednesday.

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The committee usually submits its recommendations to the House.

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The sources said the chairman invoked the authority vested in him under the rules of procedure to revoke their suspension enabling the members to attend the special address by the president.

The matter of 11 MPs suspended by the chairman during the Winter session of Parliament were referred to the Privileges Committee.&nbsp;

The Rajya Sabha Privileges Committee on Tuesday held 11 suspended opposition MPs guilty of breach of privilege and contempt of the Council of States, but Chairman Jagdeep Dhankhar revoked their suspension allowing them to attend the Budget session, sources said.

The Rajya Sabha Privileges Committee on Tuesday held 11 suspended opposition MPs guilty of breach of privilege and contempt of the Council of States, but Chairman Jagdeep Dhankhar revoked their suspension allowing them to attend the Budget session, sources said. In its report to the Rajya Sabha chairman a day before the session starts on Wednesday, the committee also recommended that the period of suspension already suffered by the members be treated as “sufficient punishment” for the transgression. The MPs held “guilty of breach of privilege and contempt of the Council” of States are Jebi Mather Hisham, L Hanumanthaiah, Neeraj Dangi, Rajmani Patel, Kumar Ketkar, G C Chandrashekhar, Binoy Viswam, Sandosh Kumar P, M Mohamed Abdulla, John Brittas and A A Rahim. Also Read | Indian Navy rescues hijacked Sri Lankan vessel, all six crew members safe The committee presented the report to Dhankhar, taking note of the situation that the suspended members would not be able to attend the special address of President Droupadi Murmu to both Houses of Parliament, the first address in the new building of Parliament, on Wednesday. Also Read | India: Man murders friend after being pressed for ‘unnatural sex,’ detained from Patna The committee usually submits its recommendations to the House. Watch | Indian Foreign Minister S Jaishankar on India-Maldives ties × The sources said the chairman invoked the authority vested in him under the rules of procedure to revoke their suspension enabling the members to attend the special address by the president. The matter of 11 MPs suspended by the chairman during the Winter session of Parliament were referred to the Privileges Committee.

India: Rajya Sabha chairman revokes suspension of 11 opposition MPs guilty of breach of privilege

Indian President Droupadi Murmu kicked off the budget session of the parliament with a joint address to both houses. India's Finance Minister Nirmala Sitharaman will present the last budget of the Modi government on the 1st of February.

Budget 2024: Indian parliament's budget session begins

The rear windscreen of Congress leader Rahul Gandhi’s vehicle was found broken during the Bharat Jodo Nyay Yatra on Wednesday, triggering a political row in West Bengal. While Congress MP Adhir Ranjan Chowdhury said that it could be because of a stone pelted by someone.

Applying sudden brakes had broken glass, says Congress

India's Interim Budget 2024–25 is slated to be tabled on February 1. Finance Minister Nirmala Sitharaman will present the interim budget in Parliament. Since this budget will be an interim one, it is unlikely to contain any significant announcements. Have a look at key budget promises delivered in the recent past.

Budget 2024: Key budget promises delivered in the recent past by the Modi government

Sculptor Arun Yogiraj, creator of the Ram Lalla idol installed at Ayodhya's Ram Mandir shares his journey of idol creation to WION. Watch in.

Arun Yogiraj speaks about inspiration behind idol of Lord Ram

As India gears up for the upcoming general elections in April, the Samajwadi Party (SP) has revealed a list of 16 candidates, including notable figures such as Dimple Yadav, Shafiqur Rahman Barq, and Ravidas Mehrotra, from Uttar Pradesh.

This comes days after SP president Akhilesh Yadav expressed satisfaction with the alliance seat sharing between SP and Congress, emphasising the positive start in the state.

In an announcement on Saturday (Jan 27), Yadav shared in a post on X, "Our cordial alliance with the Congress is off to a good start with 11 strong seats. This trend will move forward with the winning equation. ‘INDIA’ team and ‘PDA’ (Pichhda, Dalit, Alpsankhyak) strategy will change history."

The candidates' list includes Akshay Yadav, Devesh Shakya, Dharmendra Yadav, Anu Tandon, Naval Kishore Shakya, Rajaram Pal, Utkarsh Verma, Anand Bhadauria, Shivshankar Singh Patel, Awadhesh Prasad, Ramprasad Chaudhary, and Kajal Nishad.

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Meanwhile, the Indian National Developmental Inclusive Alliance (INDIA) faced a setback as Janata Dal-United leader Nitish Kumar took oath as the Chief Minister of Bihar, severing ties with the combined opposition's&nbsp;alliance.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/chhattisgarh-encounter-with-naxalites-injures-security-personnel-685178">Encounter in violence-hit Indian state leaves security personnel wounded</a>

In West Bengal, Chief Minister Mamata Banerjee also expressed her party's independent stance stating, "I had no discussions with the Congress. I have always said that in Bengal, we will fight alone. I am not concerned about what will be done in the (rest of the) country... but we are a secular party, and in Bengal, we alone will defeat BJP."&nbsp;

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Uttar Pradesh, with its 80 seats, holds significant importance in the Lok Sabha elections. BJP's strong performance in this state has been a key factor in their national dominance. In the 2019 Lok Sabha elections, the BJP secured 62 seats out of the total 80. BJP overshadowed the pre-poll alliance among the SP, RLD, and BSP, which only managed to secure 15 seats.

(With inputs from agencies)

As India gears up for the upcoming general elections in April, the Samajwadi Party (SP) has revealed a list of 16 candidates, including notable figures such as Dimple Yadav, Shafiqur Rahman Barq, and Ravidas Mehrotra, from Uttar Pradesh.

As India gears up for the upcoming general elections in April, the Samajwadi Party (SP) has revealed a list of 16 candidates, including notable figures such as Dimple Yadav, Shafiqur Rahman Barq, and Ravidas Mehrotra, from Uttar Pradesh. This comes days after SP president Akhilesh Yadav expressed satisfaction with the alliance seat sharing between SP and Congress, emphasising the positive start in the state. In an announcement on Saturday (Jan 27), Yadav shared in a post on X, "Our cordial alliance with the Congress is off to a good start with 11 strong seats. This trend will move forward with the winning equation. ‘INDIA’ team and ‘PDA’ (Pichhda, Dalit, Alpsankhyak) strategy will change history." The candidates' list includes Akshay Yadav, Devesh Shakya, Dharmendra Yadav, Anu Tandon, Naval Kishore Shakya, Rajaram Pal, Utkarsh Verma, Anand Bhadauria, Shivshankar Singh Patel, Awadhesh Prasad, Ramprasad Chaudhary, and Kajal Nishad. Also Read | US-based tech entrepreneur donates $13.75 mln to alma mater IIT-Madras Meanwhile, the Indian National Developmental Inclusive Alliance (INDIA) faced a setback as Janata Dal-United leader Nitish Kumar took oath as the Chief Minister of Bihar, severing ties with the combined opposition's alliance. Also Read | Encounter in violence-hit Indian state leaves security personnel wounded In West Bengal, Chief Minister Mamata Banerjee also expressed her party's independent stance stating, "I had no discussions with the Congress. I have always said that in Bengal, we will fight alone. I am not concerned about what will be done in the (rest of the) country... but we are a secular party, and in Bengal, we alone will defeat BJP." Watch | Indian Navy rescues two hijacked vessels in less than 36 hours × Uttar Pradesh, with its 80 seats, holds significant importance in the Lok Sabha elections. BJP's strong performance in this state has been a key factor in their national dominance. In the 2019 Lok Sabha elections, the BJP secured 62 seats out of the total 80. BJP overshadowed the pre-poll alliance among the SP, RLD, and BSP, which only managed to secure 15 seats. (With inputs from agencies)

India elections 2024: Samajwadi Party announces names of 16 candidates from Uttar Pradesh

Police in Indian capital Delhi have arrested a 20-year-old man on for killing another man who he said used to force him into having ‘unnatural sex.’ According to a police officer quoted by news agency ANI, the incident came to light on January 19 when Kashmere Gate police station received a phone call about a dead body lying in an isolated place in DDA Park, Mori Gate. The body was lying “with blood on his mouth and a cut mark above his eye and blood was scattered around the body."

"After spot inspection, body was shifted to the hospital, where he was declared 'brought dead' by the doctor. Thereafter, the body was shifted and preserved at Mortuary 'Subzi Mandi'. Accordingly, a case u/s 302 IPC was registered at PS Kashmere Gate, and the investigation was taken up to trace the culprit," DCP North Manoj Kumar Meena was quoted as saying by ANI.

Also read:&nbsp;<a data-jsarwt="1" data-usg="AOvVaw3GqadMa03-fpSdog0B9dqq" data-ved="2ahUKEwivgM3Qm4WEAxXq2DgGHTk9Bl4QxfQBKAB6BAgIEAE" href="https://www.wionews.com/india-news/india-delhi-top-cops-son-allegedly-killed-by-friends-over-financial-dispute-684188" jsname="YKoRaf">Delhi top cop`s son allegedly killed by friends over financial dispute</a>

After a detailed investigation, the man was finally identified as Pramod Kumar Shukla, a resident of Village Rudurpura, District Jalon, Uttar Pradesh.

Police obtained the International Mobile Equipment Identity (IMEI) number of the mobile phone of the victim, and an analysis of the IMEI revealed that one mobile number was occasionally used. The number belonged to Rajesh, a resident of Ghosai Chausa, Madhepura in eastern state of Bihar.

Watch:&nbsp;Gravitas: Delhi Police use AI to solve a murder mystery

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Police later arrested Rajesh from Patna on January 26 and brought him to Delhi for investigation.

During the investigation, Rajesh admitted that he had murdered Pramod on January 17. He said Pramod was his friend and used to pressure him to have ‘unnatural sex’ with him.

Police quoted Rajesh as saying that after killing Pramod, he stole his INR 18,500 and a keypad mobile phone and departed to Punjab state to evade arrest.

There, he bought a new phone worth INR 10,000 using the stolen money.

(With inputs from agencies)

Police in Indian capital Delhi have arrested a 20-year-old man on for killing another man who he said used to force him into having ‘unnatural sex.’ According to a police officer quoted by news agency ANI, the incident came to light on January 19 when Kashmere Gate police station received a phone call about a dead body lying in an isolated place in DDA Park, Mori Gate.

Police in Indian capital Delhi have arrested a 20-year-old man on for killing another man who he said used to force him into having ‘unnatural sex.’ According to a police officer quoted by news agency ANI, the incident came to light on January 19 when Kashmere Gate police station received a phone call about a dead body lying in an isolated place in DDA Park, Mori Gate. The body was lying “with blood on his mouth and a cut mark above his eye and blood was scattered around the body." "After spot inspection, body was shifted to the hospital, where he was declared 'brought dead' by the doctor. Thereafter, the body was shifted and preserved at Mortuary 'Subzi Mandi'. Accordingly, a case u/s 302 IPC was registered at PS Kashmere Gate, and the investigation was taken up to trace the culprit," DCP North Manoj Kumar Meena was quoted as saying by ANI. Also read: Delhi top cop`s son allegedly killed by friends over financial dispute After a detailed investigation, the man was finally identified as Pramod Kumar Shukla, a resident of Village Rudurpura, District Jalon, Uttar Pradesh. Police obtained the International Mobile Equipment Identity (IMEI) number of the mobile phone of the victim, and an analysis of the IMEI revealed that one mobile number was occasionally used. The number belonged to Rajesh, a resident of Ghosai Chausa, Madhepura in eastern state of Bihar. Watch: Gravitas: Delhi Police use AI to solve a murder mystery × Police later arrested Rajesh from Patna on January 26 and brought him to Delhi for investigation. During the investigation, Rajesh admitted that he had murdered Pramod on January 17. He said Pramod was his friend and used to pressure him to have ‘unnatural sex’ with him. Police quoted Rajesh as saying that after killing Pramod, he stole his INR 18,500 and a keypad mobile phone and departed to Punjab state to evade arrest. There, he bought a new phone worth INR 10,000 using the stolen money. (With inputs from agencies)

India: Man murders friend after being pressed for ‘unnatural sex,’ detained

Gravitas | Jharkhand's Chief Minister Hemant Soren has reappeared after going missing for 24+ hours. How did a Chief Minister go missing? Here's what Molly Gambhir has to say. Watch to know more!

Gravitas: How did a Chief Minister go missing?

The Indian Navy has rescued Pakistanis from Somali Pirates in the Arabian Sea. The Pakistanis were sailing in an Iranian fishing vessel that was hijacked by the pirates. Why did China not come to the rescue of the Pakistanis? Where was the great Western Armada? Time and again, India has rescued distressed ships in the Arabian Sea and the Gulf of Aden. Watch to know more!

India becomes the new security provider in the Arabian Sea

The Budget Session in Parliament began on Wednesday with President Droupadi Murmu's first address in the new Parliament building. Addressing both Houses of Parliament, the president spoke on the many accomplishments of the Indian government over the last year, including the passage of the Women's Reservation Bill, India becoming the fifth largest economy in the world, Chandrayaan-3, and the G20 Summit. Listen in.

India Budget 2024 | Women, youth, farmers & poor are India's pillars of growth: President Murmu

An interim Budget for 2024-25 will be presented by India's Finance Minister Nirmala Sitharaman on February 1, months before the country holds its next general elections.

The complete budget for the fiscal year 2024-25 will be tabled in the Parliament after the new government's formation post the general elections.

Sitharaman, while speaking about the interim Budget in December, ruled out the possibility of any “spectacular announcement” in her sixth budget on February 1, adding that it will simply be a “vote on account” before the next general elections.

“No spectacular announcements come in that time (in a vote on account). So you will have to wait till after the new government comes in and presents the next full budget in July 2024,” the minister had stated while responding to a question regarding a “supercharged budget” in her address at the CII Global Economic Policy Forum.

<h2>What is an interim Budget and how it differs from a full-fledged budget?</h2>

The interim Budget presented by an outgoing government outlines its anticipated expenditures and receipts till the formation of the new government.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/indias-women-gear-up-for-budget-day-hoping-for-policies-that-drive-growth-and-equality-682322">Budget 2024: India’s women hope for greater gender equity</a>

Meanwhile, a comprehensive budget includes the different facets of government finances, which include earnings, spending, allocations, and policy declarations.

A complete budget is a strategic guide which charts the economic trajectory of the country for a complete fiscal year whereas only the financial information regarding the transitional period is provided in the interim Budget.

Also before the interim Budget, the government does not present the Economic Survey, which is a document prepared by the Chief Economic Advisor (CEA) and is generally presented a day before the Union Budget on February 1 each year.

This is because the regular budget process carries the chance of getting disrupted if there is a change in government.

In the wake of general elections to be held between April and May 2024, it is expected that a complete budget will be presented by the new government in July 2024.

Watch:&nbsp;Explained: India's interim budget 2024

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On February 1, FM Sitharaman will table an interim Budget for the fiscal year 2024-25 in Parliament, which will come into effect from April 1, 2024.

In the past years, the incumbent government has always avoided major policy announcements during a vote on account, although no constitutional prohibition exists which stops the government from making substantial announcements.

<h2>Why it is called a ‘vote on account’?</h2>

An interim Budget conventionally is also called a ‘vote-on-account’ because it serves as an authorisation to incur specific expenditures which is necessary till a new government comes to power.

The Election Commission of India imposes certain limitations on the interim Budgets to ensure they have no undue influence on the voters. As per the limitations, the government is not allowed to propose major taxes or policy reforms in the interim Budget because that can influence people to vote in favour of the ruling dispensation.

"I am not going to play a spoilsport, but it is a matter of truth that the February 1, 2024, budget that will be announced will just be a vote-on-account because we will be in an election mode. So the budget that the government presents will just be to meet the government's expenditure till a new government comes to play," said FM Sitharaman&nbsp;in December.

Generally, a vote-on-account remains effective for a period of two months and can get an extension if required.

As per the Constitution's Article 116, a vote-on-account is an upfront allocation of budget from the ‘Consolidated Fund of India’ to the incumbent government and has been designated specifically to address immediate expenditure needs.

(With inputs from agencies)

An interim Budget for 2024-25 will be presented by India's Finance Minister Nirmala Sitharaman on February 1, months before the country holds its next general elections.

An interim Budget for 2024-25 will be presented by India's Finance Minister Nirmala Sitharaman on February 1, months before the country holds its next general elections. The complete budget for the fiscal year 2024-25 will be tabled in the Parliament after the new government's formation post the general elections. Sitharaman, while speaking about the interim Budget in December, ruled out the possibility of any “spectacular announcement” in her sixth budget on February 1, adding that it will simply be a “vote on account” before the next general elections. “No spectacular announcements come in that time (in a vote on account). So you will have to wait till after the new government comes in and presents the next full budget in July 2024,” the minister had stated while responding to a question regarding a “supercharged budget” in her address at the CII Global Economic Policy Forum. What is an interim Budget and how it differs from a full-fledged budget? The interim Budget presented by an outgoing government outlines its anticipated expenditures and receipts till the formation of the new government. Also read: Budget 2024: India’s women hope for greater gender equity Meanwhile, a comprehensive budget includes the different facets of government finances, which include earnings, spending, allocations, and policy declarations. A complete budget is a strategic guide which charts the economic trajectory of the country for a complete fiscal year whereas only the financial information regarding the transitional period is provided in the interim Budget. Also before the interim Budget, the government does not present the Economic Survey, which is a document prepared by the Chief Economic Advisor (CEA) and is generally presented a day before the Union Budget on February 1 each year. This is because the regular budget process carries the chance of getting disrupted if there is a change in government. In the wake of general elections to be held between April and May 2024, it is expected that a complete budget will be presented by the new government in July 2024. Watch: Explained: India's interim budget 2024 On February 1, FM Sitharaman will table an interim Budget for the fiscal year 2024-25 in Parliament, which will come into effect from April 1, 2024. In the past years, the incumbent government has always avoided major policy announcements during a vote on account, although no constitutional prohibition exists which stops the government from making substantial announcements. Why it is called a ‘vote on account’? An interim Budget conventionally is also called a ‘vote-on-account’ because it serves as an authorisation to incur specific expenditures which is necessary till a new government comes to power. The Election Commission of India imposes certain limitations on the interim Budgets to ensure they have no undue influence on the voters. As per the limitations, the government is not allowed to propose major taxes or policy reforms in the interim Budget because that can influence people to vote in favour of the ruling dispensation. "I am not going to play a spoilsport, but it is a matter of truth that the February 1, 2024, budget that will be announced will just be a vote-on-account because we will be in an election mode. So the budget that the government presents will just be to meet the government's expenditure till a new government comes to play," said FM Sitharaman in December. Generally, a vote-on-account remains effective for a period of two months and can get an extension if required. As per the Constitution's Article 116, a vote-on-account is an upfront allocation of budget from the ‘Consolidated Fund of India’ to the incumbent government and has been designated specifically to address immediate expenditure needs. (With inputs from agencies)

India Budget 2024: What is an interim Budget? How is it different from a regular budget?

An Enforcement Directorate team on Monday visited the Delhi residence of Jharkhand Chief Minister Hemant Soren to question him in connection with a money laundering investigation in an alleged land fraud case and camped there for over 13 hours.

Official sources claimed Soren was "missing" and could not be contacted by the federal agency but a family member alleged that a "false" narrative was being set to "delegitimise" the Jharkhand Mukti Morcha (JMM) leader's position.

The member, who did not wish to be identified, claimed there were repeated communications to ED and compliance to the summons including willingness to record his statement on January 31, 2024 at 1 pm at his Ranchi residence.

Officials of the federal probe agency accompanied by Delhi Police personnel reached the 5/1 Shanti Niketan building in South Delhi around 9 am, while a large number of media persons stood outside.

Several ED officials were seen leaving the premises at around 10.30 pm but it was not clear if all members of the team had left. A source had earlier said the ED teams will be at the residence till Soren returns and that authorities are also keeping a vigil at the Delhi airport.

Soren had left Ranchi for Delhi on January 27, with his party saying on Monday that he had gone for personal work and will be back.

But the Jharkhand unit of the BJP claimed that the chief minister has been “absconding” for the last 18 hours, fearing action of the ED, and urged Governor CP Radhakrishnan to take cognisance of the matter as the "credibility and reputation of Jharkhand are at stake".

The ED had questioned Soren at his official residence in Ranchi on January 20 in the case and had issued a fresh summons to him asking him to confirm his availability for questioning on either January 29 or January 31, the official sources said, adding Soren had sent a communication to the agency but had not confirmed the date and time for questioning.

In an email to the federal agency on Sunday, the 48-year-old JMM executive president alleged that the ED actions were "motivated by political agenda" to disrupt the state government's functioning and claimed that its insistence to record his statement again on or before January 31 reeked of malice.

"Preserve video recording of seven-hour questioning (of January 20) to make available to the court of law," Soren said in the email while agreeing to record his statement on January 31 at the Ranchi residence.

In Delhi, ED officials moved out briefly from the CM's residence at 8 pm and checked a BMW car parked there before going back inside without replying to queries from the media.

"Our team came to the residence of the chief minister to question him but he is not here. The ED teams also went to the Jharkhand Bhawan and a few other locations but could not find the chief minister," a source said.

Some ED officials were later seen leaving the premises at around 10. 30 pm.

While the chief minister's office was tightlipped on the development, Jharkhand Governor Radhakrishnan said he was keeping a watch on the situation in the state in the wake of the ED summons to the CM.

"I am keeping a watch on the overall situation as the custodian of the Constitution. It is the job of the Governor, I am doing it. We will cross the bridge when it comes," he told reporters when queried about the options before the Raj Bhavan in the wake of the political situation in the state.

In the state capital Ranchi, security was tightened at the CM House, Raj Bhavan and central government offices on Monday as visuals from the south Delhi house of Soren flashed through the day.

A massive rally was taken out by the JMM workers in Ranchi accusing the ED of targeting Soren, who is the executive president of the ruling JMM. Protests were also held in Jamshedpur and other parts of the state.

“The CM went to Delhi for some personal work and he will be back. But, the ED action is uncalled for and unconstitutional. It seems that the move is politically motivated,” alleged JMM general secretary and spokesperson Supriyo Bhattacharya.

BJP leaders, however, questioned the whereabouts of the CM.

“According to media sources, late at night Hemant ji, wearing slippers and covering his face with a sheet, ran away from his Delhi residence on foot. Ajay Singh, the security personnel of special branch who went with him to Delhi, is also missing,” Jharkhand BJP president Babulal Marandi claimed in a post on X.

“The mobile phones of both of them have also been switched off. Since then, the ED and Delhi Police are searching for them. There cannot be any other example of such gross negligence regarding the security of the chief minister,” the former CM said.

"What could be more worrying and shameful that the chief minister of a state, who is holding a constitutional post, breaks the protocol and absconds," Marandi said. 
Jharkhand Congress president Rajesh Thakur alleged that confusion was being created surrounding Soren's location under a “well-designed conspiracy”.

“Attempts are being made to create a perception that the President's rule will be imposed in the state. People are spreading rumours that the CM is missing,” Thakur said.

Meanwhile, asked bout the possibility of imposition of the President's Rule in the state, the governor said it was just "guesswork" at present, adding that political parties should not get involved in it.

On Soren skipping ED summons in connection with a money laundering probe, he said, "I will tell you one thing - nobody is above the law... If the CM is not responding today, he has to respond tomorrow. " A top Jharkhand government official said, "It is an unprecedented situation here. No one knows the whereabouts of the chief minister."

The agency had recorded the statement of the 48-year-old chief minister for the first time in the case on January 20 after investigators went to his official residence in Ranchi.

They recorded his statement under the Prevention of Money Laundering Act (PMLA) during the about seven hours they spent at his home and put about 17-18 questions to the CM.

It is understood that as the questioning did not finish on that day, a fresh summons was issued.

The investigation pertains to a "huge racket of illegal change of ownership of land by the mafia" in Jharkhand, according to the agency.

The ED has, so far, arrested 14 people in the case, including 2011-batch IAS officer Chhavi Ranjan who served as the director of the state's Social Welfare Department and deputy commissioner of Ranchi.&nbsp;

An Enforcement Directorate team on Monday visited the Delhi residence of Jharkhand Chief Minister Hemant Soren to question him in connection with a money laundering investigation in an alleged land fraud case and camped there for over 13 hours.

An Enforcement Directorate team on Monday visited the Delhi residence of Jharkhand Chief Minister Hemant Soren to question him in connection with a money laundering investigation in an alleged land fraud case and camped there for over 13 hours. Official sources claimed Soren was "missing" and could not be contacted by the federal agency but a family member alleged that a "false" narrative was being set to "delegitimise" the Jharkhand Mukti Morcha (JMM) leader's position. The member, who did not wish to be identified, claimed there were repeated communications to ED and compliance to the summons including willingness to record his statement on January 31, 2024 at 1 pm at his Ranchi residence. Officials of the federal probe agency accompanied by Delhi Police personnel reached the 5/1 Shanti Niketan building in South Delhi around 9 am, while a large number of media persons stood outside. Several ED officials were seen leaving the premises at around 10.30 pm but it was not clear if all members of the team had left. A source had earlier said the ED teams will be at the residence till Soren returns and that authorities are also keeping a vigil at the Delhi airport. Soren had left Ranchi for Delhi on January 27, with his party saying on Monday that he had gone for personal work and will be back. But the Jharkhand unit of the BJP claimed that the chief minister has been “absconding” for the last 18 hours, fearing action of the ED, and urged Governor CP Radhakrishnan to take cognisance of the matter as the "credibility and reputation of Jharkhand are at stake". The ED had questioned Soren at his official residence in Ranchi on January 20 in the case and had issued a fresh summons to him asking him to confirm his availability for questioning on either January 29 or January 31, the official sources said, adding Soren had sent a communication to the agency but had not confirmed the date and time for questioning. In an email to the federal agency on Sunday, the 48-year-old JMM executive president alleged that the ED actions were "motivated by political agenda" to disrupt the state government's functioning and claimed that its insistence to record his statement again on or before January 31 reeked of malice. "Preserve video recording of seven-hour questioning (of January 20) to make available to the court of law," Soren said in the email while agreeing to record his statement on January 31 at the Ranchi residence. In Delhi, ED officials moved out briefly from the CM's residence at 8 pm and checked a BMW car parked there before going back inside without replying to queries from the media. "Our team came to the residence of the chief minister to question him but he is not here. The ED teams also went to the Jharkhand Bhawan and a few other locations but could not find the chief minister," a source said. Some ED officials were later seen leaving the premises at around 10. 30 pm. While the chief minister's office was tightlipped on the development, Jharkhand Governor Radhakrishnan said he was keeping a watch on the situation in the state in the wake of the ED summons to the CM. "I am keeping a watch on the overall situation as the custodian of the Constitution. It is the job of the Governor, I am doing it. We will cross the bridge when it comes," he told reporters when queried about the options before the Raj Bhavan in the wake of the political situation in the state. In the state capital Ranchi, security was tightened at the CM House, Raj Bhavan and central government offices on Monday as visuals from the south Delhi house of Soren flashed through the day. A massive rally was taken out by the JMM workers in Ranchi accusing the ED of targeting Soren, who is the executive president of the ruling JMM. Protests were also held in Jamshedpur and other parts of the state. “The CM went to Delhi for some personal work and he will be back. But, the ED action is uncalled for and unconstitutional. It seems that the move is politically motivated,” alleged JMM general secretary and spokesperson Supriyo Bhattacharya. BJP leaders, however, questioned the whereabouts of the CM. “According to media sources, late at night Hemant ji, wearing slippers and covering his face with a sheet, ran away from his Delhi residence on foot. Ajay Singh, the security personnel of special branch who went with him to Delhi, is also missing,” Jharkhand BJP president Babulal Marandi claimed in a post on X. “The mobile phones of both of them have also been switched off. Since then, the ED and Delhi Police are searching for them. There cannot be any other example of such gross negligence regarding the security of the chief minister,” the former CM said. "What could be more worrying and shameful that the chief minister of a state, who is holding a constitutional post, breaks the protocol and absconds," Marandi said. Jharkhand Congress president Rajesh Thakur alleged that confusion was being created surrounding Soren's location under a “well-designed conspiracy”. “Attempts are being made to create a perception that the President's rule will be imposed in the state. People are spreading rumours that the CM is missing,” Thakur said. Meanwhile, asked bout the possibility of imposition of the President's Rule in the state, the governor said it was just "guesswork" at present, adding that political parties should not get involved in it. On Soren skipping ED summons in connection with a money laundering probe, he said, "I will tell you one thing - nobody is above the law... If the CM is not responding today, he has to respond tomorrow. " A top Jharkhand government official said, "It is an unprecedented situation here. No one knows the whereabouts of the chief minister." The agency had recorded the statement of the 48-year-old chief minister for the first time in the case on January 20 after investigators went to his official residence in Ranchi. They recorded his statement under the Prevention of Money Laundering Act (PMLA) during the about seven hours they spent at his home and put about 17-18 questions to the CM. It is understood that as the questioning did not finish on that day, a fresh summons was issued. The investigation pertains to a "huge racket of illegal change of ownership of land by the mafia" in Jharkhand, according to the agency. The ED has, so far, arrested 14 people in the case, including 2011-batch IAS officer Chhavi Ranjan who served as the director of the state's Social Welfare Department and deputy commissioner of Ranchi.

ED team camps at Jharkhand CM Hemant Soren’s Delhi house, BJP claims he is ‘absconding’ 

An Enforcement Directorate team on Monday visited the residence of Jharkhand Chief Minister Hemant Soren in Delhi in connection with a money laundering investigation. Reports suggest that Hemant Soren will appear before the probe agency on January 31.

India: ED raids Hemant Soren's Delhi residence over a land fraud case

The Indian Navy's warship INS Sumitra has carried out a second successful anti-piracy operation rescuing 19 Pakistani nationals and a vessel from armed Somali pirates.

Indian Naval ship Sumitra rescues vessel hijacked by Somali pirates

This is the second suicide reported in Kota in January. The victim expressed her inability to cope with the exam pressure. 22 students committed suicide in Kota in 2023. The victim was preparing for joint entrance examination. Watch to know more!

India: Student dies by suicide in Kota, police discover suicide note left by victim

Bucking the trend of big spending on welfare programs, this year's budget focus appears to be on infrastructure, aiming to keep the economy thriving while narrowing the budget gap.

India eyes 20% yoy surge in capital expenditure

Byju's, once the world's most valuable edtech startup, has cut its valuation by 99% in a rights issue as the Indian firm scrambles to meet its liabilities and operational costs. The startup is looking to raise $200 million in the rights issue which the company says is essential to prevent any further value impairment to shareholders.

Byju's cuts valuation by 99% in rights issue

In a comprehensive report titled "The Indian Economy: A Review," prepared by V Anantha Nageswaran, Chief Economic Advisor to the government, and his team of economists, India takes stock of its economic journey over the past decade.

According to Nageswaran, India is confident in weathering emerging disturbances, transitioning from fragility to stability and strength.

The report emphasises India's deft management of crude oil supply and predicts a growth rate pegged at or above 7 per cent for FY24 and FY25, marking a resilient economic recovery after the Covid-era disruptions.&nbsp;

<div dir="auto">Moreover, it projects India's economy could potentially reach $7 trillion by 2030.</div>

Trends and challenges in the coming years

The report highlights three key trends India will face in the years ahead.

Firstly, the era of hyper-globalisation in global manufacturing has ended.

Secondly, India is not expected to witness de-globalisation soon, but the government plans to focus on onshoring and friend-shoring of production.

Thirdly, India will have to address challenges such as supply chain disruptions, the impact of Artificial Intelligence on services trade and employment, and the energy transition.

Government's green initiatives and infrastructure development

The report also covers rising concerns over climate change and the increasing focus on reducing carbon emissions.&nbsp;

In the report, Nageswaran commends India's skilful navigation of the trade-off between economic growth and energy transition.

He applauds the government's progress in building infrastructure at an unprecedented rate, noting a significant increase in public sector capital investment from 5.6 lakh crore rupees in FY15 to 18.6 lakh crore rupees in FY24.

The report details advancements in highways, freight corridors, airports, metro rail networks, and trans-sea links, showcasing tangible and transformative growth in physical and digital infrastructure.

Financial sector's strength and key reforms post 2014&nbsp;

India's financial sector, with a stronger balance sheet, active lending, and robust non-food credit growth is also in a healthy position.

The report points out that 51 crore Jan Dhan Yojana bank accounts, holding over 2.1 lakh crore rupees in deposits, indicate good financial health among Indian households.

It calls India's journey in the last 10 years as the 'decade of transformative growth' in the last decade, with key reforms such as the Goods and Services Tax and the Insolvency and Bankruptcy Code, and the government's&nbsp;all-inclusive welfare approach boosting India's economic profile.

The Finance Ministry document also notes the transformative impact of India's Digital Public Infrastructure on e-commerce and middle-class consumption.&nbsp;

The report, in short, argues that India's 'transformative growth' has helped its economy remain a bright spot in an otherwise gloomy global economy.&nbsp;

In a comprehensive report titled "The Indian Economy: A Review," prepared by V Anantha Nageswaran, Chief Economic Advisor to the government, and his team of economists, India takes stock of its economic journey over the past decade.

In a comprehensive report titled "The Indian Economy: A Review," prepared by V Anantha Nageswaran, Chief Economic Advisor to the government, and his team of economists, India takes stock of its economic journey over the past decade. According to Nageswaran, India is confident in weathering emerging disturbances, transitioning from fragility to stability and strength. The report emphasises India's deft management of crude oil supply and predicts a growth rate pegged at or above 7 per cent for FY24 and FY25, marking a resilient economic recovery after the Covid-era disruptions. Moreover, it projects India's economy could potentially reach $7 trillion by 2030. Trends and challenges in the coming years The report highlights three key trends India will face in the years ahead. Firstly, the era of hyper-globalisation in global manufacturing has ended. Secondly, India is not expected to witness de-globalisation soon, but the government plans to focus on onshoring and friend-shoring of production. Thirdly, India will have to address challenges such as supply chain disruptions, the impact of Artificial Intelligence on services trade and employment, and the energy transition. Government's green initiatives and infrastructure development The report also covers rising concerns over climate change and the increasing focus on reducing carbon emissions. In the report, Nageswaran commends India's skilful navigation of the trade-off between economic growth and energy transition. He applauds the government's progress in building infrastructure at an unprecedented rate, noting a significant increase in public sector capital investment from 5.6 lakh crore rupees in FY15 to 18.6 lakh crore rupees in FY24. The report details advancements in highways, freight corridors, airports, metro rail networks, and trans-sea links, showcasing tangible and transformative growth in physical and digital infrastructure. Financial sector's strength and key reforms post 2014 India's financial sector, with a stronger balance sheet, active lending, and robust non-food credit growth is also in a healthy position. The report points out that 51 crore Jan Dhan Yojana bank accounts, holding over 2.1 lakh crore rupees in deposits, indicate good financial health among Indian households. It calls India's journey in the last 10 years as the 'decade of transformative growth' in the last decade, with key reforms such as the Goods and Services Tax and the Insolvency and Bankruptcy Code, and the government's all-inclusive welfare approach boosting India's economic profile. The Finance Ministry document also notes the transformative impact of India's Digital Public Infrastructure on e-commerce and middle-class consumption. The report, in short, argues that India's 'transformative growth' has helped its economy remain a bright spot in an otherwise gloomy global economy.

India to be a $7 trillion economy by 2030? Here's what the Finance Ministry report says 

India's law enforcement agency, ED, grilled Rashtriya Janta Dal (RJD) leader Lalu Prasad Yadav, for nearly 10 hours in connection with a money laundering case.

India's Law Enforcement Agency grills Lalu Prasad Yadav, questioned for nearly 10 hours

Indian Prime Minister Narendra Modi paid tributes to Mahatma Gandhi on his 76th death anniversary, along with Indian President Droupadi Murmu. Watch to know more!

India's top leaders pay respects to the 'father of the nation' | Mahatma Gandhi Death Anniversary

Neel Acharya, an Indian student studying at Purdue University, who was missing since Sunday was confirmed dead by authorities in the US state of Indiana. Earlier, Vivek Saini, an MBA student in Georgia's Lithonia, was brutally killed by a homeless drug-addict.

US: 2 Indian students killed within a week

Canada's British Columbia has become the latest province to ban new colleges seeking to enrol international students until February of 2026. The Canadian government announced an immediate two-year cap on international student permits a week back. The new policy will aim to cut Canada's total study permits by 35 percent in 2024

Canada caps international student permits by one-third

Wait time visitor visa appointment for the United States down by 75%. The wait time reduced from 1000 days to 250 days. US visa records increase staffing, innovations and efficiency. The student visas recorded for the highest for 3rd time in a row. Watch to know more!

US issues record 1.4 million visas to Indians in 2023; wait time reduced from 1000 days to 250 days

The Indian Navy's warship INS Sumitra has carried out a second successful anti-piracy operation rescuing 19 crew members and a vessel from armed Somali pirates.

Indian Naval ship Sumitra rescues hijacked Iranian vessel

Coming in as the second case of a killing of an Indian student in the US within a week. Neel Acharya who was reportedly missing on social media on Sunday has been confirmed dead.

BREAKING: Another Indian student Neel Acharya confirmed dead, was missing since Sunday

India's Finance Minister Nirmala Sitharaman is set to present the interim budget on February 1, before the 2024 general elections commence.

Explained: India's interim budget 2024

The Indian Cosulate in Atlanta has taken to social media platform, X, and condemned the terrifying brutal and heinous incident that has led to the death of a 25-year-old Indian student.

US: 25-year-old Indian student Vivek Saini hammered to death in Georgia

The Maldives Opposition looks all set to impeach President Mohamed Muizzu just months after he came to power. The newly elected president has invited the ire of Maldives' political leaders over his anti-India moves recently. As Muizzu continues to cosy up to China, will it cost him the job?

'Maldives' anti-India President | Muizzu's Pro-China Moves To Cost Him?

Indian external affairs minister talks about India's ties with neighbouring countries. Meanwhile, Madlivian opposition party leader asks Muizzu to apologise to Indian Prime Minister.

Indian Foreign Minister S Jaishankar speaks on Maldives' 'India out' campaign

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