oppn parties Important Pre-Budget Meeting Without The Finance Minister In Attendance

News Snippets

  • Allahabad HC said that the UP Police is acting as law unto themselves as they detained a person unlawfully even before his arrest
  • Kolkata witnesses traffic snarls on the first day of the Durga Puja festival as revellers start pnadal-hopping
  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
  • Indian wrestler Komal won bronze in the women's 59 kg category at the Under-23 World Wrestling Championships in Las Vegas, defeating Kazakhstan's Viktoriia Khusainova 7–2. Fellow Indian Amruta Pujari advanced to the women's 72 kg final after recording two pinfall victories
  • Indian shuttler Jagsher Singh Khangurra secured a bronze medal at the BWF World Junior Badminton Championships in Cairo
  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
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Important Pre-Budget Meeting Without The Finance Minister In Attendance

By A Special Correspondent
First publised on 2020-01-09 20:52:14

It is extremely surprising and unconventional that Finance Minister Nirmala Sitharaman was not present when the government held a pre-budget meeting with economists, other experts and stakeholders from different segments of the economy at the Niti Aayog in Delhi today. The excuse that she was pre-occupied (holding a pre-budget meeting with party workers at the BJP headquarters) is so weak that it is laughable.

What is more important for a finance minister before drafting the budget? To meet economists and experts or to meet party workers? Which meeting could have been rescheduled without much difficulty? The presence of Piyush Goyal (Commerce), Nitin Gadkari (Transport) and Narendra Singh Tomar (Agriculture), the three other ministries that have a major stake in the budget-making process was good, but it will not make up for the absence of the Finance Minister as she is the one who has the last word on the final budget. Or has she?

With power being overwhelmingly centralized in the PMO and most of the decisions being taken by either Prime Minister Narendra Modi or Home Minister and BJP President Amit Shah, do individual ministers in this government have any importance left? The absence of the Finance Minister from such an important meeting is one more thing that confirms this fact. The ministers in the NDA government have responsibility without power and it is showing.

The Congress has rightly taken potshots at the government for the absence of the Finance Minister from such an important meeting. In a tweet, it sarcastically asked the government to 'invite' the Finance Minister in a pre-budget meeting next time. In another tweet, it asked, "how many men does it take to do a woman's work?"

The government must realize that in politics and business, there are some things that can inspire confidence and others that can set off depression. Nirmala Sitharaman's absence from such an important meeting will definitely reduce her stature in business circles as well as her department. It was a huge blunder to let her skip (or was she instructed not to attend?) this important meeting. Has the government made up its mind to replace her?