The Budget session of Parliament ended on Thursday on a discordant note. It saw the budget being passed without discussion, the treasury benches clamouring for an apology by now-disqualified Congress MP Rahul Gandhi, and the Opposition, for an investigation by a Joint Parliamentary Committee into allegations by a research firm that the Adani Group, perceived to be close to Prime Minister Modi, had indulged in fraud and stock manipulation
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THE BIG STORY
Parliament: Budget session ends with blame game over logjam
The budget session of Parliament ended on a discordant note with several Opposition leaders skipping the customary tea at the chambers of the two presiding officers. Read more.
THE BIG QUESTION
Why did RBI put leave repo rates unchanged?
The Monetary Policy Committee (MPC) of the Reserve Bank of India surprised most analysts by deciding to hold back on raising interest rates any further in its first meeting for the fiscal year 2023-24, a move that will come as a relief to borrowers, including those with mortgages, some of whom have seen their repayment periods stretch well into their retirement given the cumulative rate hike of 2.5 percentage points since May 2022. Read more.
Aleeza Ben Shalom will take the place of Sima Taparia aka Sima Aunty. It will feature singles from Israel and the US attempting to find their perfect partner. Shidduchim dating will replace the “arranged marriages”. Name the new Netflix spinoff.
FROM THE FIELD
In retail re-entry, Apple bets big on India tech appetite
Apple is set to open its first official store in India, located in Mumbai's Jio World Drive Mall. The company has already gained a strong foothold in India's smartphone market, with 25% of all shipments in 2022, up from 12% in 2021. Apple's local manufacturing partners, including Foxconn and Wistron, have also increased production, with the latest generation iPhone 14 series made in India. Read more.
FROM THE OPINION PAGE
An action plan to boost domestic investment
The year 2023 began with a promise of private investments. In the Union Budget, the government increased the outlay on capital expenditure to ₹10 lakh crore — the highest ever. The government also pushed to enthuse private investments in the country. Recently, Prime Minister Narendra Modi urged the private sector to increase investment, which it must do. Read more.
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