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Get the appGetFinance Minister Nirmala Sitharaman said the government is open to hearing views on removing the long-term capital gains (LTCG) tax during Budget consultations. However, she did not commit to any changes in tax rates, citing the ongoing budget preparation. LTCG tax applies to profits from assets held over a year, while short-term capital gains apply to assets held for less time.
Deccan Herald··New Delhi
PoliticsPhoto: Deccan HeraldThe Citizens’ Initiative for Peace criticized the Karnataka government for neglecting surrendered naxals who sought mainstream rehabilitation. On January 8, 2025, eight naxals, including Kottehole Ravi aka Ravindra, surrendered based on government assurances of case withdrawal and rehabilitation. Ravindra is currently in NIA custody in Kerala’s Thrissur jail, facing psychological pressure and hunger strike, while petitions for his transfer to Karnataka remain unaddressed.
Deccan Herald··Bengaluru
WorldPhoto: Aaj TakA ballistic missile struck an administrative building at the Aramco complex in Dhahran, Saudi Arabia. Officials reported a fire but no casualties. Authorities claimed to have intercepted missiles and drones in Riyadh and other areas amid attacks by Houthi forces, causing significant alarm in the kingdom.
Aaj Tak··Dhahran
PoliticsPhoto: News18The Election Commission of India told the Bombay High Court that a voter's name missing from the draft electoral roll during the Special Intensive Revision (SIR) process does not mean automatic deletion. This was stated during a petition hearing by six family members from Goa's St Cruz constituency who claimed their names were removed. The court reserved its verdict after hearing arguments. ECI explained SIR rebuilds electoral rolls afresh, unlike summary revisions that update existing lists.
News18··Mumbai
PoliticsPhoto: Deccan HeraldMembers of the Cockroach Janta Party (CJP) and Jagruta Karnataka protested at Freedom Park, Bengaluru, against the assault on CJP activists in Delhi. They demanded stronger electoral safeguards and the resignation of Chief Election Commissioner Gyanesh Kumar. Protesters called for free and fair elections, condemned police violence, and urged an independent inquiry and legal action against those responsible.
Deccan Herald··Bengaluru
BusinessPhoto: Amar BusinessDuring the festival season, inflation has sharply increased food prices in Delhi-NCR. Chickpea prices rose by 18% over the past month, while onion prices reached up to Rs 80 per kilogram in Delhi and Noida. This surge adds to the financial burden on consumers during the festive period, reflecting supply-demand pressures in the market.
Amar Business·
Deccan Herald··New Delhi
Finance Minister Nirmala Sitharaman said the government is open to hearing views on removing the long-term capital gains (LTCG) tax during Budget consultations. However, she did not commit to any changes in tax rates, citing the ongoing budget preparation. LTCG tax applies to profits from assets held over a year, while short-term capital gains apply to assets held for less time.
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