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‘To return home’: After horrific BBL stint, PCB calls back star Pakistan cricketer mid-season; here’s why | Cricket News

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'To return home': After horrific BBL stint, PCB calls back star Pakistan cricketer mid-season; here's why
Shaheen Afridi, Babar Azam

The Brisbane Heat have said that Pakistan fast bowler Shaheen Shah Afridi will return home because of a knee injury and will not take part in the remaining matches of the ongoing Big Bash League, according to a release issued by the franchise.The Pakistan Cricket Board (PCB) has asked Afridi to return from Australia to begin rehabilitation, keeping in mind the T20 World Cup scheduled for February–March in India and Sri Lanka.

Inside details of why Shreyas Iyer’s return to cricket has been DELAYED

Afridi suffered a knee cartilage injury while fielding during Brisbane Heat’s last-over win against Adelaide Strikers at the Gabba on Saturday night.“After consulting with the Pakistan Cricket Board’s medical staff during the past 24 hours, it was agreed that Shaheen would cut short his Big Bash League stint to return home for further treatment ahead of the upcoming ICC T20 World Cup,” the team said in a statement on Tuesday.Afridi is the third fast bowler Heat have lost to injury, after Spencer Johnson and Callum Vidler, both sidelined with back problems. With Michael Neser away on international duty, Heat now have limited fast-bowling options. Stand-in captain Xavier Bartlett, all-rounder Jack Wildermuth and uncapped left-arm pacer Oli Patterson are the only fit fast bowlers left in the squad of 18 players.“I have enjoyed myself a lot playing for Brisbane and I am sad that I will not be able to finish the season with the team,” Shaheen said in a statement. “The BBL was everything I had heard it would be – lots of good, skilful cricket (and) I have enjoyed the challenge. I wish all the players and coaches the very best for the rest of the Big Bash and will applaud their efforts as they get closer to the finals.”This was Afridi’s first season in the BBL. He was part of a group of Pakistani players that included Babar Azam, Mohammad Rizwan and Haris Rauf. Afridi played four matches, picked up two wickets and had an economy rate of 11.19.In his first match for Heat, Afridi was taken out of the bowling attack for dangerous bowling after he bowled two waist-high full tosses to Tim Seifert and Oliver Peake in the 18th over of Melbourne Renegades’ innings.Afridi appeared to have suffered the injury while bowling the 14th over during Adelaide Strikers’ chase of Heat’s 179 for 9 on December 27, when he limped off the field pointing to his right knee.

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Budget 2026: PM Modi meets economists; aims mission-mode reforms to sustain long-term growth

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Budget 2026: PM Modi meets economists; aims mission-mode reforms to sustain long-term growth

Prime Minister Narendra Modi on Tuesday met eminent economists and sectoral experts to seek their views on the upcoming Budget, a senior government official said. The meeting started at 11am chaired finance minister Nirmala Sitharaman, Niti Aayog vice chairman Suman Bery, Niti Aayog CEO BVR Subrahmanyam, other members of the Aayog, economists and sectoral experts are also present in the meeting. Finance minister Nirmala Sitharaman is likely to present the Union budget for 2026-27 on February 1.Interacting with a group of eminent economists and experts PM Modi also made a case for building world- class capabilities and attaining global integration.The theme of the interaction was ‘Aatmanirbharta and Structural Transformation: Agenda for Viksit Bharat’.He stressed that India’s policy making and budgeting must remain anchored with the vision for 2047.The Prime Minister spoke about the need to ensure that the nation remains a vital hub for the global workforce and international markets.Speaking about Viksit Bharat as a national aspiration, the Prime Minister noted that the vision of a developed India by 2047 has transcended government policy to become a genuine mass aspiration.

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IND vs SL: Why is Smriti Mandhana not playing India’s 5th T20I against Sri Lanka? | Cricket News

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IND vs SL: Why is Smriti Mandhana not playing India's 5th T20I against Sri Lanka?
Smriti Mandhana (PTI Photo)

NEW DELHI: India have made a couple of changes for the fifth and final T20I against Sri Lanka in Thiruvananthapuram, with star opener Smriti Mandhana not featuring in the playing XI. The decision has raised questions among fans, but the reason is straightforward: Mandhana has been rested.

Inside details of why Shreyas Iyer’s return to cricket has been DELAYED

India captain Harmanpreet Kaur confirmed at the toss that both Smriti Mandhana and fast bowler Renuka Singh Thakur were given a break for the final match of the series. With India already leading the five-match series 4–0, the team management chose to rotate players and give opportunities to others.“Yeah, I mean, we were okay batting also, so yeah, it’s an important match, so let’s play well and win. Yeah, definitely. As I mentioned, it’s an important match for us. How we started this series, that’s how we wanted to finish. Hopefully, again, we’ll continue the same momentum and give our best. Yes, we have two changes today, Smriti and Renuka are resting. Kamalini is going to debut and Sneh Rana is back,” Harmanpreet said.Seventeen-year-old G Kamalini made her international debut and was handed her cap by Harmanpreet. Sneh Rana returned to the side, replacing Renuka Singh Thakur. India’s playing XI also included Shafali Verma at the top, with Richa Ghosh behind the stumps and Harmanpreet leading the middle order.Sri Lanka won the toss and chose to bowl first. Captain Chamari Athapaththu said her team wanted to build on the positives from the previous game and give youngsters more exposure.“We decide bowl first. Because we played a little bit good cricket last game, so that’s why we decide bowl first. Actually, we learn a lot of things in this tournament, especially we are playing against India the World Champions, so we learn a lot of things in every game. So I think these opportunities are really good for the youngsters and we learn from those mistakes and we learn from good things in here, so we will go home with positive things in next year,” Chamari said.Sri Lanka Women (Playing XI): Hasini Perera, Chamari Athapaththu(c), Imesha Dulani, Harshitha Samarawickrama, Kavisha Dilhari, Nilakshika Silva, Rashmika Sewwandi, Kaushani Nuthyangana(w), Nimasha Madushani, Inoka Ranaweera, Malki MadaraIndia Women (Playing XI): Shafali Verma, G Kamalini, Richa Ghosh(w), Harmanpreet Kaur(c), Harleen Deol, Deepti Sharma, Amanjot Kaur, Sneh Rana, Arundhati Reddy, Vaishnavi Sharma, Shree Charani

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Khalida Zia death: EAM Jaishankar to attend funeral in Dhaka; PM Modi pays tribute | India News

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Khalida Zia death: EAM Jaishankar to attend funeral in Dhaka; PM Modi pays tribute

NEW DELHI: External affairs minister S Jaishankar will attend the funeral of Bangladesh’s former prime minister Begum Khaleda Zia in Dhaka tomorrow, the ministry if external affairs said on Tuesday.“The external affairs minister, Dr. S Jaishankar will represent the government and people of India at the funeral of Begum Khaleda Zia, former Prime Minister of Bangladesh and chairperson of the Bangladesh Nationalist Party. He will accordingly visit Dhaka on 31 December 2025,” the statement from MEA read.Prime Minister Narendra Modi mourned Zia’s death, saying that as the first woman premier of Bangladesh, her important contributions towards the development of the country, as well as India-Bangladesh relations, will always be remembered. PM Modi also recalled his “warm meeting” with her in Dhaka in 2015. “We hope that her vision and legacy will continue to guide our partnership,” he said.Zia who was Bangladesh’s first woman prime minister and also the chairperson of the Bangladesh Nationalist Party, passed away on Tuesday. She was 80. She played a major role in restoring democracy after a period of tumultuous military rule and dominated the country’s politics for decades. Her long political career, marked by periods in prison and house arrest, was shaped by a fierce rivalry with Hasina. She was cleared of corruption charges and permitted to travel to London for medical treatment only after Hasina’s exit from office.She was planning to contest the February parliamentary elections, which will be Bangladesh’s first polls since the popular uprising in late 2024 that removed Sheikh Hasina from power.The BNP is widely seen as a strong contender in the upcoming elections following the collapse of Sheikh Hasina’s government which had maintained close ties with New Delhi.

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Why Saudi Arabia and the UAE import sand from Australia despite their endless deserts | World News

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Why Saudi Arabia and the UAE import sand from Australia despite their endless deserts
Gulf countries like Saudi Arabia and the UAE import Australian sand because desert grains are too smooth for high-strength concrete/ Image: MyBayut

Sending coals to Newcastle is a phrase from the early 16th century, describing the pointless act of bringing coal to a city that already had plenty. As ironic as it may seem, similar paradoxes play out in the real world, sometimes on a massive scale. Gulf countries like Saudi Arabia and the UAE, for instance, are importing sand from countries such as Australia, China, and Belgium, according to the OEC. While the idea of desert nations buying sand seems puzzling, the reason lies in the specifics of construction requirements. As these countries race ahead with multi-billion-dollar projects, Saudi Arabia with its Vision 2030 developments, and the UAE with its skyline-transforming towers, the demand for a specific type of sand that deserts cannot provide has led to a steady stream of imports.This lesser-known fact sheds light on a broader global issue: the growing scarcity of construction-grade sand and the paradoxes of resource dependency even in the most unlikely places.

Why desert sand won’t do

Desert landscapes like Saudi Arabia’s might be abundant in sand, but not all sand is created equal. The grains found in deserts are typically too round and smooth because they have been eroded by wind over thousands of years. This makes them poorly suited for concrete production, where angular and coarse grains are essential to form a strong, cohesive mix when combined with cement and water.Concrete itself has three basic components: cement, water, and aggregate, combined in slightly different proportions depending on the intended strength and use. Cement is the powdery substance that reacts with water to form a ‘glue’, binding the mixture together. Because it is made from limestone and processed at incredibly high temperatures, cement production is highly energy-intensive and releases millions of tonnes of CO₂ each year. Some estimates suggest that the global cement industry alone may be responsible for up to 8% of the world’s CO₂ emissions, highlighting its environmental footprint.Aggregate provides concrete with its bulk. Depending on the mix, it can account for between 60 and 80% of the volume of concrete and 70-85% of its weight. Yet the term ‘aggregate’ masks the true origins of this essential material: it is made from a combination of coarse gravel and fine sediment, including sand, which can make up to 45% of the aggregate by volume. Crucially, not just any sand will do—its texture and shape are decisive factors in the strength and durability of the final concrete.The type of sand required for skyscrapers, infrastructure, and urban development usually comes from riverbeds, lakes, and seabeds, environments that produce more angular grains capable of binding effectively. Most natural sand is created through the slow, continuous process of weathering across various landscapes. A glance at satellite images shows just how abundant desert sand appears to be. Yet, despite its abundance, wind-tumbled desert grains are far too smooth and small to provide the necessary structural grip. The construction sector, therefore, relies on sand from quarries and riverbeds, where water-shaped grains are naturally angular, rough, and perfectly suited for cement to adhere.As investigative journalist Vince Beiser notes in The World in a Grain, trying to make concrete with desert sand is like “trying to build something out of a stack of marbles instead of a stack of little bricks.” The nuances of sand composition may seem trivial, but they underpin the foundations of cities and economies. According to the United Nations Environment Programme (UNEP), the world consumes around 50 billion tonnes of sand every year, making it the most extracted solid material globally—yet only a fraction is suitable for construction purposes.

Australia’s role in supplying sand

Australia has emerged as one of the key exporters of high-quality silica and construction sand. As per the OEC world, in 2023, Australia exported $273M of Sand, making it the 2nd largest exporter of Sand (out of 183) in the world with Saudi Arabia among the importers. In 2023, Saudi Arabia imported about US $140,000 worth of natural construction-grade sand from Australia.Saudi Arabia’s purchase of Australian sand, highlights the Kingdom’s reliance on these imports to meet construction standards for mega infrastructure projects. The conversation resurfaced on social media in 2024, the trend continues in the wake of Saudi Arabia’s ambitious urban development plans, including NEOM, The Red Sea Project, and Qiddiya.These projects require not just vast amounts of concrete but also the highest standards in material quality, a demand that desert sand simply cannot fulfil.

The broader Gulf context

Saudi Arabia isn’t alone in this phenomenon. Other Gulf countries, including the UAE and Qatar, face the same paradox: vast deserts, yet a reliance on imported sand for high-quality construction. The UAE, particularly Dubai and Abu Dhabi, has sourced construction-grade sand from overseas to support its rapid skyline expansion, a necessity dictated by the technical demands of modern engineering.Consider the Burj Khalifa, the tallest building in the world at 828 metres. Its construction required immense quantities of materials: 39,000 tonnes of steel, 103,000 square metres of glass, and 330 million litres of concrete, enough to fill 132 Olympic-sized swimming pools. Desert sand, despite its abundance, was entirely unsuitable. Its grains are too small, round, and smooth to provide the fractured surfaces necessary for high-compression concrete, leading builders to import sand from Australia for the project.Sand in the UAE serves multiple roles beyond skyscrapers. It forms the basis of glass production, shapes artificial islands such as The Palm Jumeirah, and replenishes popular tourist beaches through large-scale ‘beach nourishment’ projects. According to the UN, constructing the Palm Jumeirah alone consumed 186.5 million cubic metres of marine sand, effectively exhausting local reserves. A 2024 UNEP policy brief reinforces this reality, noting that the Middle East’s rapid urbanisation is driving global demand for construction sand. While regional countries are beginning to explore more sustainable solutions, the near-term dependence on imports remains entrenched.

Vision 2030 and the need for quality

Saudi Arabia’s Vision 2030, a blueprint to diversify the Kingdom’s economy beyond oil is driving massive infrastructure developments. The $500 billion NEOM city, the futuristic The Line urban concept, and other mega-projects require specialised building materials that meet international standards.Thus, importing industrial-grade sand isn’t just a matter of preference but a necessity. Without it, the construction of ultra-modern facilities, smart cities, and tourism hubs would face material shortages or quality compromises.

A global sand crisis

The dependence on imported sand is not just a Saudi issue; it reflects a growing global concern. The UNEP has flagged that the world is facing a “sand crisis,” warning that unregulated sand extraction is leading to environmental degradation in many parts of the world, including riverbed erosion, habitat destruction, and loss of biodiversity.In response, some countries are investing in alternatives like manufactured sand (M-sand), made by crushing rocks to create suitable construction material. Additionally, recycled construction waste is being repurposed to alleviate pressure on natural sand resources.Saudi Arabia, too, is exploring these options. While there’s no comprehensive national policy yet on reducing sand imports, experts suggest that innovation in materials science could eventually help the Kingdom lessen its reliance on foreign sand.

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CBSE Class 10th and 12th exams scheduled for March 3 have been postponed: Check new dates here

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CBSE Class 10th and 12th exams scheduled for March 3 have been postponed: Check new dates here

CBSE Class 10th, 12th exam schedule revised: The Central Board of Secondary Education has announced that the exams scheduled on March 3 for Classes 10th and 12th have been postponed. According to the official notice, the rescheduling has been done due to administrative reasons. Students must note that exams which were scheduled to be held only on March 3, 2025, will be held on revised dates. There is no change in the remaining timetable.For Class X students, the examination earlier scheduled on March 3, 2026, will now be held on March 11, 2026. For Class XII students, the revised date is significantly later. The paper earlier fixed for March 3, 2026, has now been moved to April 10, 2026. The board has not cited subject-specific reasons for the extended gap but has confirmed that the decision was administrative. The Class 12th exam that was to be scheduled on March 3, 2026 will now be held on April 10, 2026.

CBSE Class 10th and 12th exam dates: Check details

Candidates can check the exam dates as mentioned here:

Class Earlier schedule Revised schedule Exams
Class 10th March 3, 2026 March 11, 2026 Tibetan; German; National Cadet Corps; Bhoti; Limboo; Lepcha; Carnatic Music (Vocal)
Class 12th March 3, 2026 April 10, 2026 Legal studies

Candidates can click on the link provided here to download the official notice related to the CBSE Class 10th and 12th rescheduling of exams.Schools have been instructed to communicate the revised schedule immediately. Students and parents must be informed without delay. The board has stressed the need for clear dissemination to avoid confusion during the examination period.The Central Board of Secondary Education (CBSE) conducts Class X and Class XII examinations in a highly regulated manner. The board follows strict protocols to ensure fairness, uniformity, and transparency across centres. Any change in the exam schedule is usually taken after careful administrative review.

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Gold, silver price today: How much these precious metals cost in your city today; check rates for Delhi, Bengaluru & more

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Gold, silver price today: How much these precious metals cost in your city today; check rates for Delhi, Bengaluru & more

Gold and silver prices rebounded sharply on Tuesday, driven by fresh buying after heavy profit-booking from record highs, with silver leading the recovery in futures trade.Gold witnessed steady buying on the Multi Commodity Exchange (MCX). The February gold contract rose by Rs 826, or 0.61%, to Rs 1,35,768 per 10 grams, with trading volumes of 15,953 lots.Silver staged a strong comeback, surging more than 4% after a steep fall a day earlier. Silver futures for March 2026 delivery jumped Rs 9,590, or 4.27%, to Rs 2,34,019 per kg, with a turnover of 11,915 lots.On Monday, silver had surged Rs 14,387, or 6%, to hit a record high of Rs 2,54,174 per kg. However, aggressive profit-booking dragged prices down by Rs 15,358, or 6.40%, to close at Rs 2,24,429 per kg.“Silver prices rose on Monday, stabilising after a steep drop in the previous session, as traders adjusted positions following aggressive profit-taking. The rebound came after a sharp retreat from record highs, with holiday-thinned liquidity amplifying recent price swings,” Jigar Trivedi, Senior Research Analyst at Reliance Securities said, PTI reported.In overseas markets, gold futures for February delivery traded higher at USD 4,380.70 per ounce on Comex, up USD 37.10, or 0.85%. Silver futures also rebounded on value buying. The March 2026 contract gained USD 3.44, nearly 5%, to USD 73.90 per ounce.

Gold prices today in major Indian cities:

Gold prices in Delhi

Gold prices in Delhi stand at Rs 13,635 per gram for 24K gold. The 22K variant is priced at Rs 12,500 per gram, while 18K gold costs Rs 10,208 per gram.

Gold prices in Hyderabad

In Hyderabad, 24K gold is trading at Rs 13,620 per gram. The 22K rate is Rs 12,485, while 18K gold is priced at Rs 10,193 per gram.

Gold prices in Mumbai

Gold prices in Mumbai are at Rs 13,620 per gram for 24K gold. The 22K variant costs Rs 12,485 per gram, and 18K gold is priced at Rs 10,193 per gram.

Gold prices in Chennai

Chennai continues to see higher gold rates, with 24K gold trading at Rs 13,746 per gram. The 22K gold rate is Rs 12,600, while 18K gold stands at Rs 10,505 per gram.

Gold prices in Kolkata

In Kolkata, 24K gold is priced at Rs 13,620 per gram. The 22K variant costs Rs 12,485, and 18K gold is selling at Rs 10,193 per gram.

Gold prices in Ahmedabad

Gold prices in Ahmedabad show 24K gold at Rs 13,625 per gram. The 22K gold rate is Rs 12,490, while 18K gold is priced at Rs 10,198 per gram.

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Was Putin at residence during ‘drone attack’? Kremlin responds; Ukraine says no ‘plausible evidence’

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Was Putin at residence during 'drone attack'? Kremlin responds; Ukraine says no 'plausible evidence'
Putin-Zelenskyy (AI image generated using ChatGPT)

Russia hardens stance after alleged drone attack on Putin residence; Ukraine denies claimRussia on Tuesday said its position on any potential peace deal with Ukraine would toughen following the alleged Ukrainian drone attack on a Vladimir Putin’s residence in the Novgorod region, a claim Kyiv has firmly rejected.

Putin’s Men ‘Crush’ Ukraine’s Underground Robotic ‘Lifeline’; Zelensky’s Forces FLEE Bombardment

Kremlin spokesperson Dmitry Peskov said the alleged attack was aimed at derailing negotiations, adding that Moscow had taken note of Ukraine’s denial. He also accused Western media of “playing along” with Kyiv’s version of events.“This terrorist act was intended to derail the negotiation process,” Peskov told reporters, adding that the diplomatic fallout would be a tougher negotiating stance for the Russian Federation.He said the Russian military was aware of how and when to respond.Peskov said Zelenskyy was denying the incident and accused sections of the Western media of echoing Kyiv’s line by suggesting that no such attack had taken place, calling such claims “completely insane”.He declined to disclose Putin’s whereabouts at the time of the alleged attack, arguing that in the current situation such information should not be made public.Asked whether Russia had physical evidence of the drone strike, Peskov said air defences had intercepted the drones, and that questions related to wreckage should be addressed by the defence ministry.Ukraine, meanwhile, said Russia had provided no evidence to support its allegation. Ukrainian foreign minister Andriy Sybiga said Moscow had failed to produce any “plausible evidence” for what he called a fabricated claim.“Almost a day passed and Russia still hasn’t provided any plausible evidence to its accusations of Ukraine’s alleged ‘attack on Putin’s residence’. And they won’t. Because there’s none. No such attack happened,” Sybiga said in a post on X.The competing claims added to already heightened tensions in the nearly three-year-old conflict, with Moscow signalling a tougher diplomatic line and Kyiv dismissing the accusation as baseless.Meanwhile, Prime Minister Narendra Modi expressed concern over reports that the residence of Putin had been targeted and called for restraint and a renewed focus on diplomacy.In a post on X, PM Modi said he was ‘deeply concerned’ by the reports and stressed that diplomatic engagement remained the best way forward. “Deeply concerned by reports of the targeting of the residence of the President of the Russian Federation. Ongoing diplomatic efforts offer the most viable path toward ending hostilities and achieving peace. We urge all concerned to remain focused on these efforts and to avoid any actions that could undermine them,” he said.

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Budget 2026: Dividend collections set to scale new high; likely to beat budget estimates in FY26

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Budget 2026: Dividend collections set to scale new high; likely to beat budget estimates in FY26
In 2024-25, dividend earnings touched an all-time high of Rs 74,129 crore, far surpassing the budget estimate of Rs 56,260 crore. (AI image)

Budget 2026: Dividend inflows to the exchequer from non-financial central public sector enterprises and firms in which the government holds minority stakes are expected to surpass the budgeted estimate for the fifth year in a row in 2025-26 and touch a new peak.Despite this likely outperformance, the Centre is expected to retain its original dividend assumption of Rs 69,000 crore in the revised estimates for 2025-26, opting for a cautious stance in view of prevailing global and domestic uncertainties, a source told ET.In 2024-25, dividend earnings touched an all-time high of Rs 74,129 crore, far surpassing the budget estimate of Rs 56,260 crore as well as the revised projection of Rs 55,000 crore. Repeatedly stronger-than-anticipated dividend inflows have helped offset muted disinvestment proceeds in recent years, while also underscoring the robust financial performance of CPSEs.

Exceeding expectations

Exceeding expectations

Latest figures from the Department of Investment and Public Asset Management show that dividend receipts from these entities already amount to Rs 44,862 crore in the ongoing financial year – which is nearly 65% of the annual target. Since a large share of dividend payouts is usually received in the final quarter, overall collections are widely expected to exceed the budgeted figure.Disinvestment receipts have stayed weak this year, with proceeds of Rs 8,768 crore so far. From 2024-25 onward, the government has discontinued the practice of setting a standalone disinvestment target. Instead, it has opted for a combined objective covering divestment and asset monetisation, pegged at Rs 47,000 crore for the ongoing financial year.The strategic divestment of IDBI Bank is currently underway and is expected to be concluded before the close of the fiscal. However, the actual inflow from the transaction is likely to be realised in the first quarter of the next financial year.“If all goes well, dividend collections this fiscal will beat estimates again,” a senior government official was quoted as saying by the financial daily. “Much will depend on the performance of state-run oil companies in the March quarter.”Falling global crude prices are expected to bolster the profitability of public sector oil companies, allowing them to maintain robust dividend distributions.Brent crude futures gained around 2% during intraday trading on Monday to $61.86 a barrel. Despite the rise, prices remain nearly 17% lower than a year ago due to ample global supply, even as uncertainty persists over efforts to secure a resolution to the Ukraine conflict. Goldman Sachs recently forecast that Brent crude would average about $56 per barrel in 2026.

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India’s 2025 Economic Reset: A Big Bang of Reforms | India Business News

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2025: The year of India’s 'Big Bang' economic reset

Driving the newsIt began with a tax relief for the middle class. It ended with a slew of reforms that had been put on hold for many years. By December-end, the 2025 turned out to be one of the most consequential years for Indian economy.In one of its busiest legislative sessions in years, parliament cleared a string of measures that had languished for decades or stalled amid political resistance: 100% foreign direct investment in insurance and pensions and private participation in nuclear power, and a new law, VB-G RAM G replacing MGNREGA.

India Has Changed Its Economic DNA, Grows Over 8 Percent Amid Global Challenges: PM Modi in Oman

Add to these, a simplified goods and services tax (GST) regime, the long-delayed rollout of four labour codes, and a brand-new Income Tax Act replacing a statute dating back to 1961. The scale and sequencing have led economists and investors alike to describe the push as a “big bang” – not incremental tinkering, but a coordinated attempt to reset India’s growth model under mounting global pressure.The government has framed the moment as a decisive turn toward “ease of living” and “ease of doing business.” In a message amplified by MyGovIndia, PM Modi said, “Ours is a Government committed to boosting ‘Ease of Living’… Our reform trajectory will continue with even more vigour in the coming times.”Why it mattersThe reform surge comes at a precarious moment for the world’s fastest-growing major economy.India is expanding at more than 8% year-on-year, but that pace is under threat from a sharply deteriorating external environment. US tariffs of up to 50% on Indian exports – imposed by President Donald Trump – have hit key labour-intensive sectors such as textiles and electronics, complicating New Delhi’s ambition to turn India into a manufacturing rival to China.

Major government reforms of 2025

Major government reforms of 2025

At the same time, net foreign direct investment has fallen to multi-year lows even as headline growth remains strong. Manufacturing is stuck at about 17% of GDP, far below the government’s 25% target, wage growth has been uneven, and private investment has yet to become a self-sustaining engine.Against that backdrop, the 2025 reform burst is about urgency as much as ambition. Policymakers believe cutting red tape, simplifying taxes, easing labour rules and opening capital markets can offset global headwinds, revive investor confidence and keep India on track for its 2047 goal of becoming a developed economy.As Bloomberg put it, the reforms are designed to “set the stage for a surge of foreign capital” at a time when external shocks risk derailing growth.The big pictureWhat makes 2025 different is not a single reform, but how multiple changes are being stacked to reinforce one another.Tax reset: Big relief for middle classPresenting her one of the most important budgets in February, finance minister Nirmala Sitharaman delivered the much-awaited relief for the middle class. The Union Budget gave relief to households by exempting incomes up to Rs 12 lakh from income tax. It also simplified the ITR filing.

New Income Tax Slabs FY 2025-26

New Income Tax Slabs FY 2025-26

GST: Festive bonanzaLong criticised for its complexity, the GST has been rationalised from four main slabs to two. Automated filings, faster refunds and easier registration are intended to lower compliance costs for businesses and stimulate consumption. The government points to record festive-season sales – including Rs 6.05 trillion during Diwali – as early evidence of impact.

New GST rates

New GST rates

Labour overhaulPerhaps the most politically sensitive step has been the activation of four labour codes consolidating 29 laws. Unveiled in 2020 but delayed by opposition from trade unions and state governments, the codes aim to formalise employment, reduce compliance burdens for small firms and expand social security coverage, particularly for women and gig workers.

Result of Rationalizing Labour Laws

Result of Rationalizing Labour Laws

Economists say the reform could be transformative if states implement it consistently, making it easier for firms to scale up without fear of crossing rigid regulatory thresholds.Capital liberalisationOn the financial front, Parliament’s decision to allow 100% foreign ownership in insurance and pensions ends years of internal debate. Overseas investors had been capped at 74%, limiting their appetite for long-term commitments. Bloomberg reported that policymakers want to redirect household savings from gold and property into equities, bonds and long-term financial products to fund infrastructure and industrialisation.The opening of nuclear power to private firms – potentially unlocking more than $200 billion in investment – marks a break with decades of state dominance in strategic sectors.Together, these moves reflect what analysts describe as a shift from ad hoc reform to systemic redesign.What they’re saying

  • BJP leaders argue the timing reflects political realism. “Modi does a big thrust of reforms periodically, like a ‘big bang’, when the conditions are ripe,” Baijayant Panda, the party’s vice-president, told the Financial Times. “This is one of those moments.”
  • Political scientists see a clear convergence of factors. “Multiple things have created conditions for the government to push for certain economic reforms which were on the back burner,” Rahul Verma of the Centre for Policy Research told the FT, citing recent state election victories that restored momentum after Modi lost his outright parliamentary majority last year.
  • Political analyst Pratap Bhanu Mehta told FT that India was facing “probably the most significant crisis” of the last quarter-century, sandwiched between “a hostile China and a hostile United States.” The renewed impetus for reforms “is actually a response” to that, Mehta added.
  • From the investor side, optimism is tempered by caution. Barclays India chief executive Pramod Kumar told Bloomberg that “the latest spate of reforms will help revive global investor sentiment amid tariff worries,” adding that increased foreign flows would create new opportunities for banks and capital markets.
  • Others stress that results will not be immediate. “Reform is always good, but it takes time and impacts happen with a lag,” Joshua Crabb of asset manager Robeco said in comments reported by Bloomberg.

VB-G RAM G Replaces MGNREGA: What changes?

VB-G RAM G Replaces MGNREGA: What changes?

Between the lines: Speed as strategyParliament’s winter session became one of its most productive in years. Eight major bills passed in just over 60 hours. But the speed seemed intentional. Delay, officials believed, carried greater risk than backlash. Years of half-finished reform had produced fatigue among investors and bureaucrats alike. This time, the aim was to overwhelm inertia.Politics explains not just why reforms are happening, but why they are happening now.PM Modi entered his third term weakened by the loss of a single-party majority, but a series of state-level wins in Maharashtra, Haryana, Delhi and Bihar rejuvenated the ruling coalition. That political breathing space allowed the government to revive contentious legislation, including labour codes and foreign ownership rules, with less fear of parliamentary paralysis.External pressure has also played a catalytic role. Analysts quoted by Bloomberg argue that the tariff shock from Washington injected urgency into improving India’s business climate, turning reform from a long-term aspiration into a near-term necessity.

Key Financial Reforms

Key Financial Reforms

There is also a quieter strategic recalibration underway. Modi’s second term was dominated by cultural and ideological priorities, culminating in high-profile events such as the inauguration of the Ram Mandir in Ayodhya. Even former advisers now acknowledge that economic reform took a back seat. Arvind Subramanian, a former chief economic adviser, told the Financial Times that during 2019–24 “the religious agenda was an obsession… and the policy reforms were neglected.The pivot in 2025 suggests an attempt to rebalance ideology with delivery – and to secure Modi’s legacy as an economic reformer rather than just a political one.Zoom in: The financial reformsThe financial sector may be where the “big bang” is most visible.Bloomberg reported a surge of high-profile deals following regulatory changes, including multi-billion-dollar investments by Japanese financial institutions in Indian banks and non-bank lenders. Lawmakers have also eased rules for mergers and acquisitions, while the central bank has allowed state-run banks to play a more active role in financing takeovers.The aim is consolidation and scale. Indian firms, policymakers believe, need deeper capital markets and larger balance sheets to compete globally. Capital markets are already responding: Indian companies have raised a record $22 billion through IPOs in 2025, while benchmark indices have delivered strong long-term returns despite near-term volatility.Still, foreign portfolio investors remain cautious, having withdrawn billions from equities this year amid valuation concerns and currency weakness. That tension underscores the gap between policy intent and market confidence.Zoom in: Labour and manufacturingLabour reform is central to India’s manufacturing ambitions, but also its biggest execution risk.By simplifying rules and raising thresholds for small companies, the government hopes to encourage firms to grow without fear of losing tax breaks or regulatory exemptions. Rural employment schemes have also been refocused toward building durable assets such as roads and infrastructure, rather than just distributing wages.

Key provisions of new labour codes

Key provisions of new labour codes

If successful, economists argue, these changes could help absorb millions of young workers entering the labour force each year. If poorly implemented, they risk remaining on paper – a familiar fate for past reforms.What nextThe true test of India’s 2025 big bang will be whether private investment responds.Manufacturing’s share of GDP remains stubbornly low, trade negotiations with the US have yet to deliver tariff relief, and the rupee’s weakness has emerged as a near-term risk. Opposition parties have also criticised the government for rushing legislation through Parliament with limited debate, raising questions about consensus and durability.Yet the direction of travel is clear. As Bloomberg wrote, the latest measures “signal a policy shift toward diversification, structural reforms, and attracting long-term capital.”For PM Modi, the stakes are personal as well as economic. Success would place him alongside India’s most consequential reformers since the 1991 liberalisation. The ambition is clear: sustain near-8 percent growth for twenty years, deepen capital markets, formalize labour, and make India investable at scale. The risk is equally clear: geopolitical shocks, unfinished trade deals, and domestic pushback.For now, India has chosen speed over caution. In a year defined by tariffs, elections, and recalibration, New Delhi decided that the greater danger lay in standing still.

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