India's wealthiest individuals, Mukesh Ambani and Gautam Adani, have recently seen their fortunes dip below $100 billion. Ambani's Reliance faces declining energy earnings and retail struggles, while Adani battles US investigations and the aftermath of fraud allegations.
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Finance Minister Nirmala Sitharaman is set to introduce a new 622-page Income Tax Bill in simpler language, replacing the 64-year-old law. The bill aims to reduce litigation by eliminating complex terms, outdated references, and multiple cross-references. It also introduces clearer provisions, including a taxpayer charter, crypto asset definitions, and updated definitions of agricultural income.
Ladakhi political parties express optimism ahead of the May 20th meeting with the Union Home Ministry in New Delhi, hoping for resolutions on recruitment, reservations, and domicile issues. While anticipating discussions on statehood and sixth schedule status, they warn of potential agitations if the meeting fails to yield positive results.
In Lucknow's Thakurganj, a chaat vendor, Rajesh Gautam, was fatally shot by a local goon, Rakesh alias Kalia, for demanding payment for chaat. Kalia, arrested near Ghaila Bridge, confessed to the crime. Police recovered the murder weapon. The accused has a criminal history and was planning to surrender.
Prime Minister Narendra Modi has sent an 80-member National Disaster Response Force (NDRF) team to Myanmar for rescue operations in earthquake-hit regions. India also dispatched naval ships and plans to send a field hospital from Agra, underscoring its commitment as a first responder in regional crises.
The Election Commission and the Centre informed the Supreme Court that the NOTA option has been largely ineffective, with winning candidates consistently securing significantly more votes. The court is considering whether a minimum vote percentage should be required for winning candidates, even in uncontested elections, a scenario that has become increasingly rare.
Winter's chill brings more than just cold weather; it also elevates cholesterol levels due to physiological changes and lifestyle shifts. Reduced activity, richer diets, and less sunlight contribute to this seasonal increase, raising heart health concerns. Experts advise combating this with balanced diets, indoor exercise, stress management, and ensuring adequate vitamin D intake for a heart-healthy winter.
PDP chairperson Mehbooba Mufti criticized the Uttar Pradesh CM for allegedly creating divisions between Hindus and Muslims. She warned this division could deteriorate the communal harmony, similar to Pakistan under Zia-ul-Haq. With Holi coinciding with Ramzan, leaders advised Muslims to stay indoors to avoid conflict.
With the Delhi assembly polls approaching, the BJP has announced its first list of candidates, including four sitting legislators, two former MPs, and eight previous MLAs. Notable candidates include Parvesh Verma facing Arvind Kejriwal and Ramesh Bidhuri contesting against CM Atishi. The elections are scheduled for February, with AAP and Congress also naming their candidates.
The Gauri Shankar Temple in Moradabad reopened after 44 years. The temple was closed following the 1980 violence where the priest was killed and idols were damaged. Recently, the priest's grandson submitted an application, leading to its reopening. The district administration found several damaged idols during excavation and has planned their preservation.
Mitchell Starc praised the depth of Indian cricket, stating that India is the only nation capable of fielding competitive teams in all three formats simultaneously. He acknowledged IPL's impact but emphasized the overall talent in Indian cricket.