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Mixed response to CJI’s proposal on Ayodhya

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9 years ago

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[vc_row][vc_column][vc_column_text]A significant section of the political and religious leadership desires that the top court intervene to resolve the controversy

By an APN correspondent

The observations of the Chief Justice of India, JS Khehar, in the Ram Mandir case have generated a mixed response among the political leadership and the Hindu and Muslim communities, with a significant section desiring that the top court intervene to resolve the controversy.

The Supreme Court on March 21 extricated itself from initial wrangles by suggesting that the two parties sit and settle the issue, bringing the issue to court only if it is still essential at a later stage.

“Whoever you want we will ask him to mediate. If you want me I will come. If you want my sitting brother judges, you take them, but mediate. These kinds of issues should be mediated rather than we passing an order,” the CJI had said.

BJP leader Subramanian Swamy, who had filed the appeal, however, had his reservations vis-à-vis this proposition. He told the media that the Ramjanambhoomi in Ayodhya should be used only for constructing the Ram Temple.

“Masjid can be built anywhere, Namaz can be read anywhere… it can be read on the street. The Ramjanambhoomi is for the Ram Mandir and it should be used for the Ram temple only,” Swamy said.

He said there’s a proposal to let the mosque be constructed across the Saryu river. He expected that the Supreme Court will appoint a judge from the top court itself to mediate between the rival parties.

Rakesh Sinha, an RSS ideologue, opined the Ram temple may be constructed in three different ways—by passing an Act in the parliament, through dialogue or through a court order.

But, senior advocate Zafaryab Jeelani, who has been associated with the matter right from the start, was against an out-of-court settlement. “We [Muslims] have faith on the CJI. He may mediate in the matter himself or nominate other judges for the purpose. He may even hear the case. But we can’t go for an out-of-court settlement. We will definitely consider any order passed by the CJI in this regard,” he said.

Iqbal Ansari, son of Hashim Ansari, the late main plaintiff in the case, told the media that a peaceful settlement should be arrived at. “A compromise is possible if both the communities agree to it,” he said.

Senior BJP leader Vinay Katiyar, who has been involved in the Ram Mandir agitation for years, however, said that the Supreme Court has taken a very positive stand. “We now have a BJP government in the state and we will work with a positive mindset towards a solution,” he said.

Rajeev Shukla from Congress said that both the parties in the dispute have expressed their readiness to accept the court’s opinion. “Now both should study the proposal and implement the same,” he said.

Meanwhile, All India Muslim Personal Law Board member Khalid Rasheed Firangi Mahli said that he respects the CJI’s observations but still felt that the court should decide the matter. “The ulema will sit together and formulate a collective opinion. But similar efforts earlier were marred by political interference. Since the issue is related to property, we desire that the Supreme Court should decide the matter,” he said.

Maulana Yasoob Abbas, spokesperson of All India Shia Personal law Board, welcomed the CJI’s observations and said that all outstanding issues can be resolved through dialogue only. “Neither Hindus or Muslims want to be entangled in any controversy. Everybody wants to raise themselves above the religious divide and desire development and progress,” he said.

President of All India Imam Association Maulana Umair Ilyasi expressed that it would be nice if the issue is resolved through peaceful means. “It should be resolved through dialogue between imams and pujaris,” he said. 

Senior BJP leader LK Advani has welcomed the move and said that everyone involved should come to a consensus on the matter.[/vc_column_text][/vc_column][/vc_row]

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Union Budget 2026 live updates: Nirmala Sitharaman set to present her 9th Budget

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026 in Parliament today. Follow this space for live updates, key announcements and policy signals.

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7 mins ago

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February 1, 2026

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Finance Minister Nirmala Sitharaman arrives to present Union Budget 2026

Finance Minister Nirmala Sitharaman will shortly present the Union Budget 2026 in the Lok Sabha, marking her ninth consecutive Budget. The annual financial statement is expected to outline the government’s policy priorities, reform agenda and spending plans for the coming year. Stay tuned for live updates, key announcements and immediate reactions as the Budget speech unfolds.

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Union budget 2026 to be presented on Sunday with special trading session

The Union Budget 2026 will be presented on a Sunday for the first time in over two decades, with NSE and BSE announcing special trading sessions for the day.

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15 hours ago

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January 31, 2026

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Nirmala Sitharaman

For the first time in more than two decades, the Union Budget will be presented on a Sunday. Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for 2026 in the Lok Sabha on February 1 at 11 am, even as the day is usually observed as a holiday for government offices and financial markets.

February 1 falls on a Sunday this year, raising questions about market operations and investor response. To ensure uninterrupted trading and immediate market reaction to budget announcements, stock exchanges have announced special arrangements for the day.

Markets to remain open on budget day

Both the National Stock Exchange and the Bombay Stock Exchange have confirmed that markets will remain open on February 1. The NSE has announced a special trading session, with the pre-open market scheduled from 9 am to 9:08 am, followed by normal trading hours from 9:15 am to 3:30 pm.

The BSE has also declared the day a special trading day, with regular market hours applicable. Trading is expected to continue across equity, derivatives, and futures and options segments.

What the Sunday budget means for investors

A weekend budget presentation is seen as offering certain advantages for market participants. With trading active on the same day, investors will be able to respond to policy announcements immediately rather than waiting for the next working day.

The Sunday timing also gives investors, analysts, and financial institutions additional time to go through detailed proposals, including tax changes, fiscal deficit targets, and sector-wise allocations. The extended window for analysis may help reduce sharp, headline-driven reactions and encourage more informed decision-making.

With fewer competing developments on a non-working day, budget announcements are also expected to receive more focused attention from markets and stakeholders.

Parliamentary schedule and key milestones

The Economic Survey is expected to be tabled on January 29, ahead of the budget presentation. The Budget Session of Parliament began on January 28 with the President’s address to a joint sitting of the Lok Sabha and Rajya Sabha.

The upcoming budget will mark Nirmala Sitharaman’s ninth consecutive Union Budget. It will also be India’s 80th budget since Independence. Since 2017, Union Budgets have been presented at 11 am on February 1, following a timing change introduced during the tenure of former finance minister Arun Jaitley.

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Union Budget 2026: Why Budget announcements matter for stock market direction

With markets open on Budget day, Union Budget 2026 is set to influence stock movements as investors track growth measures, taxation changes and the fiscal deficit.

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16 hours ago

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January 31, 2026

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Stock market

The Union Budget remains one of the most closely watched events in India’s financial calendar, with stock markets often reacting sharply to policy signals. This year, trading will continue on Budget day — February 1 — despite it falling on a Sunday, allowing investors to respond immediately to announcements.

Finance Minister Nirmala Sitharaman will present her ninth consecutive Union Budget, an event that is expected to set the tone for market sentiment in the near term.

Growth-focused policies and investor sentiment

Equity markets generally respond positively when the Budget outlines steps aimed at supporting economic growth. Measures such as infrastructure spending, business-friendly reforms or incentives for key industries tend to improve investor confidence.

When such policies signal long-term expansion, markets often factor in stronger earnings prospects, leading to upward movement in stock prices.

Consumer spending and sectoral gains

Budget proposals that increase disposable income can also influence market behaviour. Tax relief measures, direct support schemes or efforts to manage inflation may leave households with more spending power.

Higher consumer spending typically benefits sectors such as retail, automobiles and fast-moving consumer goods, with increased demand often reflected in company valuations.

Tax changes and market participation

Tax-related announcements play a crucial role in shaping investment decisions. Lower taxes for individuals or businesses can support consumption and profitability, encouraging further investment activity.

At the same time, changes to capital gains or dividend taxation directly affect investor behaviour. Favourable tax treatment can lead to higher participation in equity markets, while tighter taxation may weigh on sentiment.

Fiscal deficit remains a key indicator

Markets also keep a close watch on the fiscal deficit — the difference between government spending and revenue. A higher deficit can raise concerns around increased borrowing, inflationary pressure and interest rates, all of which may affect corporate performance.

Conversely, a controlled deficit is often seen as a sign of fiscal discipline, helping strengthen confidence among investors.

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