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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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Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

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The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

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