A major controversy has erupted over a Washington Post report alleging Indian officials directed the Life Insurance Corporation (LIC) to invest $3.9 billion in the Adani Group, drawing a sharp response from the BJP. BJP leader K. Annamalai stated that 'after failing to weaken the Indian stock market with targeted propaganda against the Adani Group, the so-called ‘Deep State’, has now shifted its focus to India's largest domestic institution'. LIC has vehemently denied the report, calling the claims "false, baseless, and far from truth" and affirming that its investment decisions are independent and follow due diligence. The BJP has defended the 'blue chip' insurer, providing figures that LIC's exposure to the Adani group is a small fraction of its total portfolio, which includes much larger holdings in groups like Tata and Reliance.
This special News Today edition covers Pakistan's decision to boycott its T20 World Cup match against India following Bangladesh's withdrawal. The program features analysis by Sunil Gavaskar regarding potential ICC sanctions.
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In her 124-minute speech -- after which the Sensex plunged over 1,600 points before staging a partial recovery -- Finance Minister Nirmala Sitharaman announced a higher capital expenditure outlay of Rs 12.2 lakh crore for FY27 and set a fiscal deficit target of 4.3 per cent of GDP.
Prime Minister Narendra Modi said India’s 140 crore citizens are no longer content with being the world’s fastest-growing economy and want the country to become the world’s third-largest economy “as soon as possible.” He said the Union Budget gives equal importance to multiple sectors and lays the groundwork for achieving the vision of Viksit Bharat by 2047. Highlighting Nari Shakti, Modi praised Finance Minister Nirmala Sitharaman, calling the Budget historic for underscoring India’s commitment to women’s empowerment. “As a woman Finance Minister, Nirmala ji has set a new record by presenting the Union Budget for the ninth consecutive time,” the Prime Minister said, lauding her leadership and consistency.
