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Finance Minister Nirmala Sitharaman announces stimulus worth Rs 2.65 lakh crore

Union Finance minister Nirmala Sitharaman on Thursday announced Atmanirbhar 3.0 stimulus package worth Rs 2.65 lakh crore in a bid to boost coronavirus hit Indian economy.

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Nirmala-Sitharaman

Union Finance minister Nirmala Sitharaman on Thursday announced Atmanirbhar 3.0 stimulus package worth Rs 2.65 lakh crore in a bid to boost coronavirus hit Indian economy. Sitharaman said that the economy was on its way to recovery even as Reserve Bank of India suggested the country had entered a technical recession. The FM said the measures taken as part of earlier stimulus packages had helped the economy in bouncing back.

The Finance Minister announced Atmanirbhar Bharat Rozgar Yojana in order to incentivize job creation. Under the scheme, EPF-registered organizations will be given benefits on hiring those who didn’t have EPFO before or those who lost their jobs between March 1 and September 30. The scheme will cover employees joining employment in establishment that are registered with EPFO on monthly salary of less than Rs 15,000. Those who lost their job between March 1 and September 30 this year and are earning less than Rs 15,000 would also be covered given they joined the new employment on or after October 1. In order to benefit from the scheme, employers with a staff of less than 50 people will have to add at least two employees, while with a staff of more than 50 people, will have to recruit at least five more.

The FM announced an additional outlay of Rs 10,000 crore in the current fiscal year for PM Garib Kalyan Rozgar Yojana in a bid to boost rural employment.  The government has identified 26 stressed sectors with the help of Kamath committee and decided to extend the Emergency Credit Line Guarantee Scheme till March 31. Sitharaman announced that an additional Rs 18,000 crore would be provided for Pradhan Mantri Awas Yojana, other than the budget estimate.

Read Also: Former BJP ally Shiv Sena warns Nitish of risks of being lameduck CM

The Finanace Minister announced relaxation in income tax rules to permit sale of primary residential units of up to Rs 2 crore value below the circle rate, a move that will be beneficial for both the home buyers and the real estate developers. The centre has also decided to infuse infuse Rs 6,000 crore equity in NIIF Debt Platform. In addition to this, Rs 10,200 crore additional budget outlay will be provided towards capital and industrial expenditure.



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Rahul Gandhi alleges institutional bias, questions electoral system during Berlin address

Rahul Gandhi alleged that India’s institutions and electoral system have been weaponised to favour the BJP, remarks that sparked a strong political response.

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Rahul-Gandhi

Leader of the Opposition in the Lok Sabha, Rahul Gandhi, has said that India’s institutional framework is facing a serious challenge and has been used to favour the ruling BJP. Speaking during an interaction at the Hertie School in Berlin, Gandhi questioned the functioning of key institutions and the electoral machinery, remarks that triggered a sharp political response from the BJP.

Gandhi said the Congress believes there is a problem with the electoral system and alleged that several institutions have been captured. Referring to investigative agencies, he claimed that bodies such as the CBI and the ED have been used as political tools. According to him, cases filed by these agencies overwhelmingly target those opposing the BJP, while leaders from the ruling party face none.

He also pointed to what he described as a stark financial imbalance between the BJP and the opposition, claiming a funding ratio of 30:1. Gandhi said this disparity reflects how institutions are being used to consolidate political power.

Opposition strategy and INDIA alliance

The Congress leader said merely pointing out problems in elections is not enough and stressed the need for the opposition to build a system of resistance that can effectively counter the ruling party. He added that the challenge now goes beyond electoral contests and is about presenting an alternative vision for the country.

On the INDIA alliance, Gandhi said the unity among opposition parties is rooted in their rejection of the ideological position of the RSS. While acknowledging that tactical contests between alliance partners will continue, he said they remain united when it comes to opposing laws they disagree with and working together in Parliament.

BJP hits back at remarks abroad

Gandhi’s comments delivered overseas drew a strong reaction from the BJP. Party president and Union minister JP Nadda accused him of speaking against India while Parliament is in session and claimed that he was undermining the country’s image at a time when the Prime Minister is receiving global recognition.

BJP spokesperson Shehzad Poonawalla also criticised Gandhi, alleging that he routinely travels abroad to defame India. He accused the Congress leader of making misleading claims about the country’s institutions and economic activity while praising China.

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DU VC Prof Yogesh Singh entrusted with additional charge of AICTE Chairman

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Prof. Yogesh Singh, Vice Chancellor of the University of Delhi, has been entrusted with the additional charge of the post of Chairman, AICTE till the appointment of a Chairman of AICTE or until further orders, whichever is earlier.

It is noteworthy that AICTE Chairman Prof. TG Sitharam was relieved of his duties after his term ended on December 20, 2025. According to a letter issued by the Ministry of Education, Government of India, on Monday, Prof. Yogesh Singh’s appointment is until the appointment of a regular AICTE Chairman or until further orders whichever is earlier.

Prof. Yogesh Singh is a renowned academician with excellent administrative capabilities, who has been the Vice-Chancellor of University of Delhi since October 2021. He has also served as the Chairperson of the National Council for Teacher Education. In August 2023, he was also given the additional charge of Director of the School of Planning and Architecture (SPA).

Prof. Yogesh Singh served as the Vice-Chancellor of Delhi Technological University from 2015 to 2021; Director of Netaji Subhas Institute of Technology, Delhi from 2014 to 2017, and before that, he was the Vice-Chancellor of Maharaja Sayajirao University, Baroda (Gujarat) from 2011 to 2014. He holds a Ph.D. in Computer Engineering from the National Institute of Technology, Kurukshetra. He has a distinguished track record in quality teaching, innovation, and research in the field of software engineering.

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Goa nightclub fire case: Court extends police custody of Luthra brothers by five days

A Goa court has extended the police custody of Saurabh and Gaurav Luthra, owners of the nightclub where a deadly fire killed 25 people, by five more days.

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Luthra brothers

A court in Goa on Monday extended the police custody of Saurabh Luthra and Gaurav Luthra, the owners of the Birch by Romeo Lane nightclub, by five more days in connection with the deadly fire incident that claimed 25 lives on December 6.

The order was passed as investigators sought additional time to question the two accused in the case linked to the blaze at the Anjuna-based nightclub.

Owners were deported after fleeing abroad

According to details placed before the court, the Luthra brothers had left the country following the incident and travelled to Thailand. They were subsequently deported and brought back to India on December 17, after which they were taken into police custody.

Advocate Vishnu Joshi, representing the families of the victims, confirmed that the court granted a five-day extension of police custody for both Saurabh and Gaurav Luthra.

Another co-owner sent to judicial custody

The court also remanded Ajay Gupta, another owner of the nightclub, to judicial custody. Police did not seek an extension of his custody, following which the court passed the order, the victims’ counsel said.

The Anjuna police have registered a case against the Luthra brothers for culpable homicide not amounting to murder along with other relevant offences related to the fire incident.

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