ModiWatch: Prime Minister Narendra Modi met the Governor of Himachal Pradesh, Shiv Pratap Shukla to strengthen collaboration between the state and central government.

Parliamentary affairs

Both houses of Parliament adjourned following disruptions by members: Following opposition protests over claims of violence in Sambhal and irregularities against the Adani Group, both houses of Parliament were adjourned for the day.

Read the full story:

Upper House speaker worried about constant disruptions: Chairman Jagdeep Dhankhar chastised the Rajya Sabha (Upper House) members for causing three days of disruptions in the House, stating that the parliament runs the risk of becoming irrelevant if it deviates from its constitutional obligation to reflect the hopes and ambitions of the people.

Parliament Committee gets approval for extension: The Lok Sabha (Lower House) extended the time of the Joint Committee on the Waqf (Amendment) Bill until the last day of the 2025 Budget session of Parliament. BJP politician and committee chairman Jagdambika Pal introduced the motion in the Lower House, and it was approved by a voice vote.

Gandhi family member takes oath: Priyanka Gandhi Vadra, the newest Member of Parliament (MP) from the Gandhi family, took oath as an MP in the Lok Sabha.

Jharkhand chief minister takes oath

Hemant Soren takes oath as Jharkhand’s chief minister: Jharkhand Mukti Morcha’s (JMM) leader Hemant Soren took the oath of office as Jharkhand Chief Minister at Ranchi's Morabadi Ground.

Read more:

Government leans towards coal-based energy

Rise in domestic coal production: India’s coal production was recorded at 84.47 million tonnes in October 2024, a 7.5% increase from the same period of last year.

Indian state investing in modernisation of thermal power plants: West Bengal’s Power Minister Aroop Biswas said the state government is planning a ₹2,450 crore ($290 million) investment for the modernisation of three thermal power plants.

Coal-based solution for India’s power needs: According to Moody’s Ratings, India’s power demand is likely to grow 5-6% annually over the next five to six years. India is planning to add 40-50 GW of coal-based capacity to meet the increase in demand.

India to save ₹21,000 crore in coal logistics: Minister of Coal and Mines G Kishan Reddy informed the Rajya Sabha that the Coal Logistics Policy and Plan aims to achieve annual savings of ₹21,000 crore ($2.52 billion) by shifting towards rail-based transportation.

Government rethinking windfall tax

Government evaluating the removal of windfall tax: According to a government source, the Finance Ministry is evaluating the relevance of the windfall tax, a special levy on domestic crude oil production, introduced after rising global crude prices.

Congress claims data manipulation in inflation figures: The Congress party accused the Prime Minister of data manipulation and propaganda rather than focusing on lowering the inflation rates.

FDI flow news - brought to you by

Japanese bank targets private equity in India: Mizuho Financial Group Inc. is planning to expand into a new market in India, targeting private equity and venture capital organisations.

Tamil Nadu plans to attract FDI: According to former Chief Economic Adviser Arvind Subramanian, Tamil Nadu is making efforts to capitalise on the state's comparative advantage in luring Foreign Direct Investments (FDI) as the "China plus one" chance opens up for India.

Possible Tesla entry into Indian market

Mahindra and Tata prepare for possible competition with Tesla: Indian EV companies like Tata and Mahindra plan to introduce more segments amid speculations of Elon Musk's Tesla entering the Indian market.

Real estate developer raises $480 million: Real estate giants Godrej Properties launched a ₹4,000 crore ($480 million) fundraising programme through a qualified institutional placement (QIP) to support its growth plans.

India’s pharma industry to grow to $450 billion: At an industry gathering, analysts predicted that the $55 billion Indian pharmaceutical business would grow to $130 billion by 2030 and $450 billion by 2047.

India tests nuclear-capable missile

India tests 3,500 km range missile: According to news agency ANI, India carried out the test firing of the nuclear-capable 3,500-kilometre-range K-4 submarine-launched ballistic missile (SLBM) from the Indian Navy's newly inducted nuclear submarine, INS Arighaat.

The Adani bribery case

Indian banks evaluate their exposure to the Adani Group: According to sources cited by Reuters, major Indian banks are assessing their exposure to the Adani Group in the wake of the US Department of Justice filing bribery allegations against Chairman Gautam Adani.

Former chief minister rejects claims of bribery: YS Jagan Mohan Reddy, former chief minister of Andhra Pradesh, rejected the claims that the Adani Group paid bribes to government officials to seal a solar power purchase deal during his tenure as Chief Minister.

India-China disengagement

India and China make "great progress" in disengagement: According to a Chinese Defence Ministry official, the Indian and Chinese forces have made "great progress" in carrying out their agreements on patrolling and disengagement.

No-decision on Maharashtra chief minister

Fadnavis front-runner for chief minister: Devendra Fadnavis, Ajit Pawar and Eknath Shinde met with Home Minister Amit Shah at his residence to discuss the Maharashtra Cabinet. According to sources, Fadnavis is the BJP's choice for the position of Chief Minister and is expected to take the oath on December 2.

Delhi Today: Plenty of sunshine.

GRAP-IV to continue till December 2: The Supreme Court declared that the graded response action plan, or GRAP-IV, measures in Delhi will remain in effect until December 2, except for schools and institutions.

Closing Prices Banner