कोशिश गोल्ड - मुक्त

The rough side of victory

Business Standard

|

November 25, 2024

Jharkhand finances can be a constraining factor in keeping JMM-Congress electoral pledges, writes YASH KUMAR SINGHAL

- YASH KUMAR SINGHAL

The rough side of victory

The handsome victory of the Indian National Developmental Inclusive Alliance (INDIA) bloc, comprising the Jharkhand Mukti Morcha (JMM), the Congress, and others, over the National Democratic Alliance (NDA) in Jharkhand comes at a price—keeping the promises made in the election manifesto.

The bloc came up with a collective manifesto comprising seven guarantees. They involved freebies and transfer payments.

One of those guarantees included increasing the honorarium under the Mukhyamantri Maiya Samman Yojana (MMSY) from the existing ₹1,000 to ₹2,500 per month to eligible women aged 18 to 50. Earlier, the government had reduced the minimum age of women eligible under the scheme from 21 to 18. This also countered the Bharatiya Janata Party's proposed Gogo Didi Yojana, which promised a monthly payment of ₹2,100 to eligible women. Although this move is expected to benefit more than 5 million women, estimates suggest it is going to be costly, draining the state coffers of ₹9,000 crore per year.

Business Standard से और कहानियाँ

Business Standard

Bharat Forge signs ₹300 cr contract under EP-VI norms for army, navy

Bharat Forge Limited (BFL) has secured defence contracts worth ₹3300 crore under the Emergency Procurement-VI (EP-VI) framework for supplying indigenous unmanned systems to the security forces.

time to read

1 min

January 17, 2026

Business Standard

Centre likely to adjust ₹968 cr withheld tax

Tax authorities are set to adjust around ₹967.52 crore withheld in connection with Tiger Global’s exit from Flipkart, following a Supreme Court ruling that asked the US-based investor to pay around 214,500 crore in taxes, according to senior Central Board of Direct Taxes (CBDT) officials.

time to read

2 mins

January 17, 2026

Business Standard

Pakistan se azaadi

Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles

time to read

5 mins

January 17, 2026

Business Standard

Foreign investors’ interest in GIFT City may increase

India’s International Financial Services Centre (IFSC) at GIFT City in Gujarat could see higher interest from foreign investors as they reassess offshore structures after the Supreme Court’s Tiger Global ruling.

time to read

2 mins

January 17, 2026

Business Standard

Best suited for first-time equity investors seeking broad market exposure

Flexicap funds saw the sharpest rise in assets under management (AUM) among equity-oriented schemes in 2025.

time to read

2 mins

January 17, 2026

Business Standard

Reliance Retail reports 9.2% jump in operational revenue

Reliance Retail Ventures Ltd (RRVL) on Friday reported a 2.1 per cent year-on-year rise in net profit at ₹3,558 crore for the third quarter of 2025-26 (FY26).

time to read

1 mins

January 17, 2026

Business Standard

EPFO may employ third-party agents to resolve member grievances, queries

The Employees’ Provident Fund Organisation (EPFO) is likely to empanel third-party agents to help resolve queries and grievances of members, said two officials aware of the matter.

time to read

2 mins

January 17, 2026

Business Standard

Here comes the Sun-dance

Two short films set in South India will premiere at the largest independent film festival in the US. The debutant directors talk about their first steps into filmmaking

time to read

4 mins

January 17, 2026

Business Standard

SAT sets aside Sebi order on Bombay Dyeing, promoters

The Securities Appellate Tribunal (SAT) has set aside the Securities and Exchange Board of India’s (Sebi’s) October 2022 order against Bombay Dyeing and Manufacturing Company (BDMCL), and its promoters Nusli Wadia and sons Ness and Jehangir.

time to read

1 min

January 17, 2026

Business Standard

Margin pressures drag down RIL’s profit to 4-qtr low

Retail, oil & gas divisions remain laggards

time to read

3 mins

January 17, 2026

Listen

Translate

Share

-
+

Change font size