Santosh murder case: four arrested
Bengaluru: JC Nagar police investigating the murder of Santosh –an auto driver, who died on Wednesday night have arrested four persons including the son of Congress block leader.
The arrested have been identified as Wasim, Philip, Umar and Irfan, all residents of Chinnappa Garden.
The main accused, Wasim, is the son of the block leader of Congress party, Khader, and runs a bakery near his house
DETAILS OF INCIDENT
Santosh, 28, a resident of Chinnappa Garden, was stabbed with a screwdriver by Wasim and his aides near a bakery in Chinnappa Garden at around 7.45 pm and died undergoing treatment at around 9 pm.
BJP PROTEST
Situation near Santosh's house gripped tense due to which the streets of Chinnappa Garden wore a deserted look as a few shopkeepers pulled down shutters. When Santhosh's body was brought near his house after the post-mortem, BJP leaders and workers persisted in calling home minister Ramalinga Reddy and police commissioner to spot.
BJP leaders R Ashok, Katta Subramanya Naidu, Y Narayanaswamy and others, had led the protests.
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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.
