11 accused held, valuables worth Rs 32 lakh recovered in various cases
Whitefield Division police operation
Bengaluru, September 17: The Whitefield Division police have arrested 11 accused wanted in various cases like, vehicles theft and smuggling of red sanders and recovered valuables worth Rs 32 lakh including red sanders worth Rs 10 lakh and 22 vehicles from them.
In the review meeting held under the leadership of City Police Commissioner T Sunil Kumar and Additional Police Commissioner Seemanth Kumar Singh, the officials have guided the police personnel on tracing the bike lifters. Based on this, Whitefield DCP Abdul Ahad had formed several teams which conducted search operations from August 16 to September 14 and arrested 11 accused and recovered valuables worth lakhs. Varthur police station inspector B Ramachandra, PSI Dharanesh and staff arrested Manikantha (24) of HSR Layout and Kumar of Koramangala in various chain snatching, theft and bike lifting cases and recovered 205 gram gold ornaments worth Rs 7.65 lakh and two motor bikes. With their arrest, two more chain snatching cases, theft and four other theft cases came to light.
In a special operation, KR Puram police led by inspector H Jayaraj and PSI Manjunath arrested Niyaz Ahmed (45) of Ambur in Tamil Nadu and recovered 14 bikes worth Rs 9.50 lakh from him. In another operation, Marathahalli SI Sadiq Pasha and PSI Nagaraj and staff arrested Shiva (20) of Bellandur, Rajamanikya (35) of Varthur and recovered 9 mobile handsets and an auto being used for robbery.
Whitefield police led by SI Praveen Babu and PSI Somashekar arrested mobile snatcher Arun Kumar (19) and recovered two mobile phones and two motorbikes from him.
Marathahalli police also arrested a minor boy who was snatching the mobile phones and selling them to others. It is said that he, along with another person Nagesh, has involved in various theft cases. The police have recovered 18 mobile phones of different companies and three bikes were recovered, said DCP Abdul Ahad.
Red sanders
Mahadevapura police led by SI Srinivas and PSI G Narayanaswamy stopped a vehicle carrying red sanders near Mahadevapura Tin Factory on September 2 and recovered the red sanders worth Rs 10 lakh. In this case, Manjunath (21) and Govindaraju (20) of Veluvanakambadi, Govindaraju (36) and Saravana (23) of Salem Kumbapadi in Tamil Nadu were arrested.
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Why was Indira Gandhi's 1973 budget called the 'Black Budget'?
New Delhi: The Union Budget for 2025 is set to be presented in Parliament on February 1 by Finance Minister Nirmala Sitharaman. As the nation awaits the financial roadmap of the third term of Narendra Modi-led government, a look back at the 1973-74 budget reveals one of India's most financially challenging periods.
The 1973-74 budget, presented by then-Finance Minister Yashwantrao Chavan under Prime Minister Indira Gandhi, is often referred to as the ‘Black Budget’ due to its unprecedented fiscal deficit of ₹550 crore. This was a significant sum at the time, reflecting the severe economic strain India faced in the aftermath of the 1971 war with Pakistan.
The war had drained government resources, and a series of natural disasters, including drought, led to a sharp decline in agricultural production. This worsened the financial crisis, with declining revenues and rising expenditures. Presenting the budget, Chavan acknowledged the economic distress, stating that the drought had caused a major drop in food grain production, which contributed to the widening deficit.
In response, the government allocated ₹56 crore for the nationalisation of coal mines, insurance companies, and the Indian Copper Corporation. The move aimed to strengthen the energy sector and ensure state control over key industries. However, the large deficit forced the government to implement cost-cutting measures and financial discipline in subsequent years.
As the Modi 3.0 government prepares to unveil the 2025-26 budget, various sectors are putting forth their demands, including tax reliefs and economic stimulus measures. Social media is rife with memes attacking the Finance Minsiter for the tax policies and it's impact on the middle class. The government’s first estimates project a 7.3% GDP growth for 2023-24, shaping expectations for the upcoming budget.
