The Bharatiya Janata Party released the party manifesto ‘Sankalp Patra 2024 – Jammu and Kashmir Assembly Election’ in Jammu on 6 September. The Reserve Bank of India (RBI) is likely to maintain the status quo on policy well into late FY25. Congress accuses SEBI chief Madhabi Buch of corruption. The parents of the Kolkata rape-murder victim insisted on Friday that they had been forced to deny bribery allegations on camera.
Here are the top stories:
Congress accuses SEBI chief of corruption
Opposition Congress has accused the Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch of “out and out corruption,” claiming that she received rental income from an entity affiliated with Wockhdart that was placed under probe for various cases, including that of insider trading.
RBI to maintain status quo on policy rates
The Reserve Bank of India (RBI) is expected to remain one of the divergent Central Banks, and likely to maintain status quo on policy well into late FY25. The real growth outlook for FY25 remains fair at 7.0% y/y, with the economy set to recover from a slightly weak Q1 at 6.7% growth.
The Indian Marlboro cigarette maker Godfrey Phillips India Limited announced that the company’s Board of Directors will meet on September 20 to discuss and consider a bonus issue of shares, according to the company’s Bombay Stock Exchange (BSE) filing on Friday, September 6. Godfrey Phillips India is likely to issue bonus shares at a ratio of 2:1, which is two new fully paid-up equity shares of ₹2 each for every one existing fully paid-up equity share of ₹2 each to the company’s shareholders.
SC refuses to stay Adani Goodhomes’ resolution plan
The Supreme Court on Friday declined to stay the resolution plan of Adani Goodhomes, a subsidiary of Adani Infrastructure and Developers, to acquire the insolvent real estate company Radius Estates. The bench, comprising Justices Sanjiv Khanna and Sanjay Kumar, issued a notice to Adani Goodhomes and other parties, including the dissenting creditor Beacon Trusteeship, which challenged the plan in the Supreme Court after it was upheld by the NCLAT. Beacon Trusteeship claimed the plan imposed an around 93% haircut on its claims.
BJP releases manifesto for J&K
The BJP’s manifesto for Jammu and Kashmir was unveiled by senior party leader and Union Home Minister Amit Shah on 6 September. In the ‘Sankalp Patra 2024′, the BJP made 25 promises including ₹18,000 per year to the senior most woman, 2 free LPG cylinders every year, 5 lakh employment opportunities, tablets/laptops to students studying in higher secondary classes in remote areas and more.
Kolkata rape victim’s kin counters TMC
The parents of the Kolkata rape-murder victim insisted on Friday that they had been forced to deny bribery allegations on camera. The remarks came after the ruling Trinamool Congress released a video where they could be heard saying that the Kolkata Police Department had not offered them any money. While, the ruling party has refuted allegations of a police cover-up and highlighted the video of the parents insisting that they had not been offered any money.