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  • IMF Tax Advice to India and Other Developing Nations Under Scrutiny: Oxfam

    New Delhi, Apr 13 (BNP): India has received a significant share of regressive tax-related recommendations from the International Monetary Fund (IMF) between 2022 and 2024, according to a report by Oxfam.

    The analysis, released ahead of the IMF and World Bank Spring Meetings in Washington, alleges that the IMF has shown inconsistency in its policy advice. It claims that while wealthier countries are often guided toward more progressive taxation, developing nations are more frequently advised measures that could widen inequality.

    The report states that around 59% of IMF tax advice given to low- and lower-middle-income countries is considered regressive. It also highlights concerns that such policy guidance may have implications for inequality and economic fairness.

    The findings have sparked discussion on the need for more balanced and equitable global financial policy recommendations.

  • MI Need Balance Beyond Bumrah: Faf du Plessis

    Mumbai, ApR 13 (BNP): Former South Africa captain Faf du Plessis has said that Mumbai Indians need to ease their reliance on star pacer Jasprit Bumrah if they want to achieve greater consistency in the ongoing IPL season.

    Mumbai Indians, known for slow starts in past editions, have lost three consecutive matches after winning their opening game of the tournament.

    In their most recent outing on Sunday night, the team conceded 240 runs, exposing bowling weaknesses and putting additional pressure on key performers.

    Du Plessis noted that while Bumrah remains a match-winner, over-dependence on a single bowler could hurt the team’s overall balance and performance in a long tournament.

  • Mobile Makers Push for Extension of PLI Scheme to Sustain Growth

    New Delhi, Apr 13 (BNP): India’s mobile phone manufacturing sector is expanding at a fast pace, with the country now accounting for nearly 15% of global mobile phone production, according to industry estimates.

    The growth has been significantly driven by the Production-Linked Incentive (PLI) scheme, which was introduced during the COVID-19 pandemic to boost domestic manufacturing and attract global electronics companies.

    However, the scheme officially ended on March 31, prompting mobile phone manufacturers to seek an extension until 2031 to sustain the current growth momentum. Industry representatives have held discussions with the Ministry of Electronics and IT regarding the proposal.

    Stakeholders believe that extending the PLI programme could help India increase its share in global mobile production to 30–35% in the coming years. They also project that total mobile phone manufacturing in the country could rise to $110–130 billion, with exports expected to reach $55–70 billion.

    Currently, India’s mobile phone production is valued at around $64 billion annually, positioning the country as a key global manufacturing hub in the electronics sector.

    Experts say continued policy support will be crucial for maintaining investment inflows and strengthening India’s position in global supply chains.

  • Foreign Investors Continue Heavy Sell-Off in Indian Markets Amid Global Uncertainty

    New Delhi, Apr 13 (BNP): Foreign portfolio investors (FPIs) have continued their aggressive selling in Indian equities, pulling out around ₹48,213 crore (about $5.14 billion) during the first 10 days of April, according to market data.

    The sustained outflow is being driven by rising geopolitical tensions and broader global economic uncertainty, which have reduced investor appetite for riskier assets like emerging market equities.

    This follows a massive withdrawal of ₹1.17 lakh crore in March, marking the steepest monthly outflow on record. In contrast, February had seen strong inflows of ₹22,615 crore, the highest in 17 months, indicating a sharp shift in investor sentiment.

    Market experts say the volatility highlights the sensitivity of foreign capital flows to global developments, with investors quickly adjusting positions based on changing risk conditions.

  • India’s Rural Economy Faces Pressure from Monsoon and Cost Rise: Report

    India’s Rural Economy Faces Pressure from Monsoon and Cost Rise: Report

    New Delhi, Apr 13 (BNP): India’s rural economy could face significant headwinds in 2026 due to the combined impact of a possible monsoon shortfall and increasing agricultural input costs, according to a recent report.

    The study warns that uneven rainfall patterns may affect crop output, while higher prices of seeds, fertilizers, and other farming essentials could further strain farm incomes.

    It notes that the twin challenges may weigh on rural demand and overall economic activity, especially in regions heavily dependent on agriculture.

    However, the report also suggests that timely policy support, improved irrigation systems, and stable input supply chains could help cushion the impact on farmers and rural households.

  • Krunal Pandya Highlights Shift in IPL Batting Approach

    New Delhi, Apr 13 (BNP): Indian cricketer Krunal Pandya has said that batting in the Indian Premier League has evolved significantly due to the introduction of the Impact Player rule, which has reshaped team strategies and match dynamics.

    Reflecting on the changing nature of the game, he noted that batting in earlier seasons required a different mindset, whereas the current format encourages more aggressive and flexible approaches throughout the innings.

    Pandya highlighted that the rule has given teams greater tactical depth, allowing them to adjust their line-ups based on match situations and conditions, which in turn has influenced how batters approach their innings.

    He added that modern IPL cricket has become more fast-paced, with players adapting quickly to evolving strategies and expectations.

  • Govt Committed to Institutional Arbitration, Decriminalisation to Boost Ease of Doing Business: Law Minister Meghwal

    New Delhi, April 13: Union Law and Justice Minister Shri Arjun Ram Meghwal on Saturday highlighted the Government’s focus on strengthening institutional arbitration, decriminalising minor offences, and modernising legacy laws to align with constitutional values and ease of doing business.

    Govt Committed to Institutional Arbitration, Decriminalisation to Boost Ease of Doing Business: Law Minister Meghwal

     Addressing the valedictory session on the concluding day of  International Conference on “Arbitration in the Era of Globalisation”  organised by the Indian Council of Arbitration (ICA) in the national capital, the Minister stressed the growing importance of structured dispute resolution systems in a rapidly evolving global economy.

    Emphasising a shift in approach, Shri Meghwal said, “Instead of ad-hoc arbitration, there should be institutional arbitration. We agree with this approach, and when we agree, you can be assured that the Government will work decisively in this direction, strengthening dispute resolution mechanisms and building greater trust in the system.”

    He noted that reforms relating to arbitration frameworks, including provisions concerning appointment of arbitrators and commercial law processes, are under active consideration, with committees already examining key aspects.

    Highlighting the Government’s reform agenda, the Minister said that nearly “1000 offences have been decriminalised,” describing it as a major step towards improving regulatory efficiency. “Nearly 1000 offences have been decriminalised. There were situations where a fine of 100 rupees required a process costing 10,000 rupees. Such provisions needed rationalisation, and our effort is to make laws practical, efficient, and supportive of ease of doing business,” he said.

    Shri Meghwal also referred to efforts to remove outdated and discriminatory provisions from colonial-era laws, including changes to the Indian Succession Act, 1925. “Some provisions in older laws were discriminatory and did not reflect the principle of equality. Our Constitution stands on equality, liberty, fraternity, and justice, and it is our responsibility to ensure that every law aligns with these foundational values,” he said.

    The Minister also drew attention to broader systemic reforms, including significant changes in the criminal justice framework, and underlined their importance alongside civil and commercial law reforms.

    Referring to legislative developments, he said that a Public Trust Bill has been passed during the ongoing Budget Session after detailed scrutiny by a Joint Parliamentary Committee.

    He also highlighted the increasing role of technology in the legal sector, including artificial intelligence and virtual hearings, as key enablers of efficient dispute resolution.

    Drawing from India’s traditional systems, Shri Meghwal referred to the concept of “Panch Parmeshwar,” noting its emphasis on neutrality, impartiality, and binding decisions, and its relevance to modern arbitration practices.

    The Minister further informed that India will host a BRICS conference in Ahmedabad, bringing together justice ministers and officials from ten countries to strengthen international legal cooperation.

    He reiterated that ongoing legal and institutional reforms are integral to India’s broader economic vision and its journey towards becoming one of the world’s leading economies.

  • Row Over Paddy Incentives: Sitharaman Rejects Stalin’s Claim

    New Delhi, Apr 13 (BNP): Union Finance Minister Nirmala Sitharaman on Sunday dismissed allegations made by Tamil Nadu Chief Minister M. K. Stalin regarding paddy cultivation incentives, calling them “factually baseless” and a “deliberate distortion.”

    Row Over Paddy Incentives: Sitharaman Rejects Stalin’s Claim

    Pic Credit: Pexel 

    Responding to the remarks, she clarified in a post on X that the Centre had not directed states to stop incentives for farmers. Instead, she said the suggestion was aimed at encouraging states to align their bonus and support policies with broader national agricultural priorities.

    These priorities, she noted, include promoting crop diversification and strengthening self-sufficiency in key crops such as pulses, rather than continuing excessive focus on a single crop.

    The exchange comes amid ongoing political debate over agricultural policy and Centre–State coordination in farmer support measures.

  • Govt Eases Wheat Export Curbs to Boost Shipments

    New Delhi, Apr 13 (BNP): The Government of India has lifted restrictions on wheat exports after a gap of four years, opening the door for increased international demand as several countries line up to purchase Indian wheat.

    Govt Eases Wheat Export Curbs to Boost Shipments

     Pic Credit: Pexel

    Countries including Egypt, Indonesia, Myanmar, and Bangladesh have shown strong interest in importing wheat from India. The Directorate General of Foreign Trade (DGFT) is expected to soon issue export quotas to facilitate shipments.

    Officials and trade experts believe geopolitical uncertainties, along with adequate domestic stocks, are supporting export opportunities this year. India had earlier allowed limited exports, including around 2.5 million tonnes of grain and an additional 0.5 million tonnes of processed wheat in February.

    Export prices to Bangladesh are estimated at around $275–$280 per tonne, which traders say remains competitive and profitable even after including freight costs.

    India’s wheat production has remained strong, supported by record output and sufficient government reserves. The Food Corporation of India (FCI) currently holds about 22 million tonnes of wheat, well above the buffer requirement of 7.46 million tonnes, helping maintain stability in domestic markets where average prices stand at around ₹30.81 per kg.

    For the 2025–26 season, wheat production is projected to rise to around 120 million tonnes, according to the Agriculture Ministry, aided by expanded cultivation area. However, officials have noted that unseasonal rains have caused some crop damage, particularly affecting wheat quality in certain regions.

    Despite these challenges, India remains the world’s second-largest wheat exporter after China, and the government is targeting procurement of 30 million tonnes this year from key producing states such as Punjab, Haryana, Uttar Pradesh, Rajasthan, and Madhya Pradesh.

    The move is expected to strengthen India’s position in global grain markets while ensuring adequate domestic supply remains stable.

  • India Marks Siachen Day, Pays Tribute to Operation Meghdoot Soldiers

    New Delhi, Apr 13 (BNP): The Indian Army and the Indian Air Force on Monday observed Siachen Day, honouring the courage and sacrifice of soldiers who have served in the world’s highest and one of the toughest battlefields.

    India Marks Siachen Day, Pays Tribute to Operation Meghdoot Soldiers

     Pic Credit: Pexel

    The day also marked 42 years since the launch of Operation Meghdoot, which secured India’s position on the strategically important Siachen Glacier.

    Both forces paid tribute to the unwavering commitment of personnel deployed in extreme weather conditions, where temperatures often drop far below freezing and survival itself is a challenge.

    Officials highlighted the dedication of troops who continue to safeguard the region, calling their service a symbol of extraordinary bravery and resilience.