Prime Minister Narendra Modi filed his nomination papers from 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 ceremonies before addressing party members and highlighting achievements during his tenure.
To meet the annual capital expenditure goal of Rs 10.18 lakh crore for FY2025, the Indian government must spend approximately Rs 1.3 lakh crore each month in February and March, which analysts see as a potential challenge. Despite confident predictions about achieving the fiscal deficit target of 4.8% of GDP, experts warn that fulfilling the capex target might be difficult.
India's retail inflation is projected to have eased to around 4% or lower in February 2025, mainly attributed to falling prices of key kitchen staples like tomatoes and potatoes. This marks the first time in half a year that the inflation rate returns within the Reserve Bank of India's target range.
Veteran BJP leader and former Deputy Prime Minister LK Advani, aged 96, has been discharged from AIIMS where he was admitted for age-related health issues and underwent a minor procedure. Advani, recently conferred with the Bharat Ratna, remains a significant figure in Indian politics, having held pivotal positions within BJP and playing a crucial role in key historical movements.
The Indian government has resolved all data room concerns in the IDBI Bank disinvestment process, paving the way for financial bids to be invited soon. This move marks a significant step forward in the privatization of the bank, which is expected to be the biggest such move since the Air India sale.