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BusinessPhoto: Deccan Herald

Selling Public Assets May Not Increase India's Wealth

India's approach to privatization involves selling public assets, privatizing profits, and socializing losses, raising concerns about whether these assets are sold at fair value. The recent sale of IDBI Bank to Fairfax highlights this issue. While private enterprise can be more efficient, the government must consider the long-term value lost to citizens, as public sector units belong to the people, not the government in power.

Deccan Herald·

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PoliticsPhoto: Deccan Herald

CM Shivakumar's Talks with Farmers, Sugar Mill Owners Fail on Pricing

In Belagavi, Karnataka, Chief Minister D K Shivakumar held separate meetings with sugar factory owners and farmer representatives regarding sugarcane pricing. Farmers demanded Rs 5,500 per tonne, while mill owners did not commit to incentives. Shivakumar said a central committee will visit on October 29 to review issues. Farmers insisted on immediate fulfillment of demands, including raising the fair price and sugar minimum price.

Deccan Herald··Belagavi

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PoliticsPhoto: Amar Ujala

Supreme Court directs fund for women lawyers' bar rooms, 14 states agree to retirement...

The Supreme Court on Monday directed all states and union territories to allocate funds for bar rooms, washrooms, and basic facilities for women lawyers in district and taluka courts. The bench, led by CJI Surya Kant, expressed strong displeasure over the lack of such facilities and emphasized that all practicing women lawyers must have access to separate bar rooms. The next hearing is scheduled for December 2. Additionally, 14 states agreed to raise the retirement age to 62.

Amar Ujala·

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PoliticsPhoto: Hindustan Times

SIT Formed to Probe Accident in Rahul Gandhi's Convoy on UP Expressway

The Uttar Pradesh Police have formed a three-member Special Investigation Team (SIT) to investigate an accident involving vehicles in Rahul Gandhi's convoy during his visit to Sultanpur. The SIT, led by Inspector General Kiran S, will examine the causes, security lapses, escort arrangements, and traffic management related to the incident on the UP expressway.

Hindustan Times··Sultanpur

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PoliticsPhoto: Times of India

Lawrence Bishnoi Moved to High-Security Ahmedabad Jail Block

Gangster Lawrence Bishnoi has been shifted to the 'Do Sau Kholi,' a high-security block at Ahmedabad's Sabarmati Central Jail. This block houses 200 dangerous inmates accused of terrorism and other serious crimes. It is divided into four segregated sections, each containing 50 prisoners, to ensure total isolation and prevent inter-cell movement, according to sources.

Times of India··Ahmedabad

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BusinessPhoto: Deccan Herald

I-T Department Extends Deadline to Regularise Foreign Assets

The Income Tax Department has extended the deadline for taxpayers to regularise foreign assets and income under the Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS) until December 31, 2026. Taxpayers can pay 30% tax and an equal penalty on the fair market value to gain immunity from further assessment, penalties, and prosecution under the Black Money Act. The scheme is fully online and self-declaratory.

Deccan Herald·

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