Dalai Lama Wins His First Grammy Award
Tibetan spiritual leader Dalai Lama has won his first Grammy Award for an audiobook recording. The award recognizes his contribution to spreading messages of peace, compassion, and mindfulness through spoken word content. This achievement highlights the growing global reach of spiritual and philosophical literature through modern media platforms.
Promotion of the Orange Economy in the Union Budget
The Finance Minister has announced measures to promote the Orange Economy in the Union Budget. The Orange Economy refers to economic activities driven by creativity, culture, and intellectual property, including sectors such as art, music, film, design, media, content creation, and cultural heritage. The move aims to generate employment, encourage innovation, support creative entrepreneurs, and strengthen India’s cultural and soft power globally.
16th Finance Commission and States’ Share in Divisible Pool
The 16th Finance Commission has fixed the states’ share in the divisible pool of central taxes at 41 percent. This decision continues the devolution pattern aimed at strengthening fiscal federalism, enhancing financial autonomy of states, and enabling them to meet developmental and welfare expenditure more effectively.
Record Investment to Transform Indian Railways
A record investment of ₹2.93 lakh crore has been announced to transform Indian Railways. The allocation focuses on infrastructure expansion, modernization of tracks and stations, introduction of new-generation trains, safety enhancement, and capacity augmentation. The investment is expected to improve logistics efficiency, boost economic growth, and support sustainable and inclusive development.
