News

Prime Minister Narendra Modi filed his nomination papers for the Varanasi parliamentary seat, disclosing his mobile phone number and email address in the election affidavit. He also revealed his assets, income, and participation in religious rituals before addressing party members and highlighting achievements during his tenure.

Financial planner A K Mandhan has slammed India's Sovereign Gold Bonds (SGBs) as a "fiasco," citing a 930% surge in government liabilities due to the scheme's flawed design and rising gold prices. The government's guarantee to redeem these bonds at prevailing market rates means taxpayers ultimately bear the burden of these liabilities, raising concerns about the scheme's long-term sustainability.

Union Minister Piyush Goyal addressed the RISE//DEL Conference 2025, highlighting the power of India's digital and creative ecosystem in shaping the country's global narrative and urging creators to focus on responsible, innovative storytelling. He emphasized the government's commitment to supporting creative enterprises and fostering India's global creative leadership.

Adar Poonawalla has sold his stake in Magma Insurance to Patanjali Ayurved and DS Group for Rs 4,500 crore, giving them a 98% stake in the company. This acquisition strengthens Patanjali and DS Group's presence in the insurance sector and is expected to benefit Magma Insurance with growth capital and distribution strength.

Financial planner D Muthukrishnan sparked a debate on India's Centre-state financial relationship, arguing that Tamil Nadu's contributions to the Union government are often overlooked, while the state receives less in return. This highlights the ongoing debate on fiscal federalism and the need for transparency and fairness in resource distribution.