Mother, son bunt alive in tragic car fire
Bengaluru: In a heart-wrenching episode, a mother and her four-year-old son were burnt alive inside a car as it suddenly caught fire near Whitefield in the city.
The deceased have been identified as Neha Verma (40) and her son Param (4). The incident took place in the basement parking area of 'Sumadhura Anandam' apartments, located at the Borewell road of Nelluruhalli on Friday afternoon.
Neha Verma with her son Param, by Maruti Ritz car, reached the apartment at noon. The sad incident took place while she drove the car to the basement for parking.
The fire brigade arrived at the spot and tried to douse the fire.
A case has been registered in Whitefield police station.
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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.
