"What sort of Hindutva is your's ?": Deve Gowda's poser to BJP
Bengaluru: "The main principle of Hindutva is tolerance. What sort of Hindutva are you pursuing if you cannot tolerate another religion?." This was how the JD(S) supremo and former PM H D Devegowda chose to question the BJP leaders.
Speaking to reporters on Monday after welcoming former BJP man and ex-minister Anand Asnotikar to the JD(S), Devegowda further questioned if the murders that took place in the coastal district recently are reflective of Hindutva.
"What the Shringeri Sharada Peetha seer of Chikkamagaluru is practising is true Hindutva. We too have faith in all Gods and also all religions," said Devegowda.
Yaga for welfare of mankind : Devegowda clarified on the occasion that the Shatarudrayaga that he performed at Shringeri recently was not to eliminate enemies but for welfare of mankind.
We do not need Siddaramaiah support : Gowa exuded confidence that his party would win four to five seats in Uttara Kannada district. "JD(S) is not a father-son party, the claim is applicable to the Congress," he said.
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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.
