India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: The month of June is now in its last phase, with only two days left. July is going to arrive on the third day. The first day of any month is particularly significant for the general public. Do you know that, starting July 1, some considerable rules are set to change nationwide, which are being discussed rapidly. These significant changes encompass rules related to UPI payments, PAN card applications, Tatkal ticket bookings in trains, and GST. The government aims to make the processes transparent and secure by implementing these rules. After all, you can learn about the changes in detail below. Knowing this will end all the confusion. According to the new rule, correct chargeback claims on UPI transactions can be processed again. For this, users will not have to wait for NPCI's approval. This will give consumers a more effective solution. Until now, if a chargeback claim on any transaction was rejected, the bank had to obtain permission from NPCI. But now this will not happen. Did you know that, according to the new rule, an Aadhaar card is now mandatory for applying for a new PAN card. At present, any verified identity card or other supporting documents are sufficient. Aadhaar verification has been made compulsory from July 1, 2025. The government has made this rule to curb fraud. There will be a change in the process of booking Tatkal tickets in trains. As of July 1, 2025, Aadhaar verification has become mandatory for booking Tatkal tickets on IRCTC's official website and mobile app. From July 15, 2025, OTP will be required while booking Tatkal tickets. Selected agents will no longer be able to book Tatkal tickets for the first 30 minutes of the window opening. According to GST Network, editing of GSTR-3B form will not be possible from July 2025. No taxpayer will be able to file a retrospective GST return after three years have passed. This rule will apply to various return forms, including GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9. The purpose of this change is to promote the habit of filing returns on time.
New Delhi, Nov 26: A day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. 1. What is PAN 2.0? PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this pr ...Read More >
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
Mumbai (Maharashtra) [India], January 8 (ANI): The anti-terror squad (ATS) of Maharashtra has arrested 60 illegal Bangladeshi immigrants across the entire state in the year 2024. In December 2024 alone, the ATS managed to arrest 43 Bangladeshi nations residing illegally. In 2025, to date, four cases have been filed against the illegal Bangladeshi nationals and six accused have been arrested. Most Bangladeshis have been arrested from Mumbai, Navi Mumbai and Thane. Also Read | PM Narendra Modi To Inaugurate, Lay Foundations for Projects Over INR 2 Lakh Crore in Andhra Pradesh's Visakhapatnam T ...Read More >
Bengaluru : Muthoot FinCorp Limited ("MFL" or "Company"), the flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the secured and redeemable non-convertible debentures ("NCDs") with a face value of Rs.1,000 each, scheduled to open on Friday, July 04, 2025. The Tranche VI Issue has a base size of Rs.10,0 crore with green shoe option of Rs 190 crore , aggregating to Rs.290crore ("Tranche VI Issue"). The NCDs under the Tranche VI Issue are being offered with maturity/tenure options of 24, 36, 60 and 72 months, with monthly, annual and cumulati ...Read More >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >
New Delhi: India is set to overtake Japan to become the world's fourth-largest economy, but must not become complacent, as the country remains far behind Japan in GDP per capita terms, WEF's former MD Claude Smadja said. According to IMF data dated April 2025, India's GDP per capita of USD 2,878.4 is approximately 8.5 per cent of Japan's GDP per capita of USD 33,955.7, meaning Japan's per capita income is about 11.8 times higher than India's. "Yes, it (economy size) is a good indicator because it gives a notion of the economic weight of the country on the global balance. "No, it is not a go ...Read More >
New Delhi: A new change is going to happen regarding voting before the Bihar assembly elections. Bihar is going to become the first state in the country where voting can be done through phone. Bihar State Election Commissioner Deepak Prasad gave this information on Friday, June 27. His comment came before the voting to be held on Saturday for six municipal councils of Patna, Rohtas and East Champaran. However, it is not clear at the moment whether voting will be done through phone in the upcoming assembly elections or not. Giving more information about this, Bihar Election Commissioner Deepak ...Read More >
day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this project, ITD is consolidating all processes ...Read More >
Odisha CHSE 12th Results 2025: The Council of Higher Secondary Education (CHSE), Odisha, is expected to announce the Class 12 Results 2025 soon. As per media reports, the results are likely to be declared later this week. Once published, students can view their scores online by visiting the official websites: chseodisha.nic.in and orissaresults.nic.in. To view the CHSE Odisha Class 12 Result 2025 online, students must enter their roll number and registration number. The board has finished the evaluation process and is preparing to release the results on its official website. Step 1: Go to th ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and receiving money via mobile numbers or self-QR codes. Industry research indicates that there were over 24 crore feature pho ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and rece ...Read More >
Patna: RJD leader Tejashwi Prasad Yadav led a delegation of the opposition INDIA bloc to meet Bihar's chief electoral officer (CEO) on Friday, lodging strong objections to the ongoing special intensive revision (SIR) of the electoral roll.The opposition claimed the Election Commission's current exercise is "impractical and anti-democratic". They demanded the inclusion of Aadhaar cards, ration cards and MGNREGA cards as valid documents for voter verification under the SIR process in Bihar.Speaking to reporters after the meeting, Tejashwi said, "It is not possible to verify 8 crore voters in 25 ...Read More >
With the deadline for free Aadhaar updates approaching on December 14, 2024, the UIDAI is urging those who received their cards over 10 years ago to update their details. However, updating is recommended, it is not mandatory. To prevent fake identities, Aadhaar assigns a unique number to each person, linked to their biometric data, making duplication impossible. Although updating is optional, it helps improve services, ensures accurate authentication and simplifies daily life. Aadhaar is a vital identification document for every Indian citizen due to its reliability, legal compliance, and ea ...Read More >
After December 14, updates will incur a fee of Rs 50 per request at Aadhaar centers. The Unique Identification Authority of India (UIDAI) has extended the deadline for free Aadhaar updates to December 14. This initiative allows individuals to update their Aadhaar details, such as name, address, or date of birth, online and at no cost. The process is simple and can be completed from the comfort of your home. UIDAI recommends updating Aadhaar details if it has been over 10 years since the last update. Keeping Aadhaar information updated ensures that your records are current, facilitates seamle ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The Ministry of Power has announced the launch of a task force to conceive the India Energy Stack, a pioneering initiative aimed at creating a unified, secure, and interoperable digital infrastructure for the country's energy sector. The India Energy Stack will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services, the official statement said. As India charts its path to becoming a $5 trillion economy and advances towards its Net Zero commitments, the power sect ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
Mumbai, June 29 (UNI) At least six mosques across the city have adopted a digital solution to maintain the call to prayer amid tightening restrictions on loudspeaker use. The "Online Azan" application, developed by a Tamil Nadu-based tech firm, delivers real-time azan broadcasts directly to worshippers' mobile devices. The initiative follows increased police enforcement of sound regulations, including visits to mosques like Mahim Juma Masjid where authorities warned of legal action against loudspeaker violations. "This led us to temporarily disable our sound system," said Fahad Khalil Patha ...Read More >
Bengaluru : Kinara Capital, a leading fintech driving MSME financial inclusion, today released its fourth edition of MSME Insights, signaling strong optimism and increased formalization in the MSME sector. MSME entrepreneurs are confident about their near-term business growth prospects. According to the latest MSME Insights, 81% of the surveyed MSMEs expect their business revenue to increase within the next 1-2 years. Of these, 34% anticipate a revenue growth of more than 15% in their businesses. Additionally, MSMEs are embracing formalization, with 51.7% of the surveyed reporting that they ar ...Read More >
Upendra Kushwaha, RLM leader and NDA ally, voiced concerns about the ECI's SIR exercise in Bihar, emphasizing the need to ensure no genuine voter is excluded. He suggested the ECI should have started the revision earlier, given the large population and migrant worker base. Kushwaha highlighted fears among migrant voters and those lacking required documents about potential voter list exclusion.Rashtriya Lok Morcha (RLM) leader and NDA ally Upendra Kushwaha on Friday raised concerns regarding the S ...Read More >
New Delhi: Farmers associated with the PM Kisan Samman Nidhi Yojana are now eagerly waiting for the 22nd instalment of ₹ 2,000. Everyone is wondering when the next instalment will be credited to the account. It is expected that the government will release the next instalment of the PM Kisan Samman Nidhi Yojana in the last week of June, which is being discussed rapidly. It is believed that approximately 10 crore farmers will benefit from this. If your name is listed in this scheme, then first complete some vital work, where there will be no problem. If you do not complete the necessary work, t ...Read More >
India's Goods and Services Tax (GST) collection soared 6.2% year-on-year in June 2025 to cross ₹1.85 lakh crore, compared to ₹1.74 lakh crore in June 2024, according to government data released Tuesday. This strong performance highlights India's resilient economy, growing tax revenue, and improving GST compliance amid global uncertainties. Monthly Dip from May Despite the YoY surge, June's GST mop-up slipped below May's ₹2.01 lakh crore and the all-time record of ₹2.37 lakh crore in April 2025. Analysts attribute the sequential dip to moderating consumption post-festive spending and evolvin ...Read More >
Guwahati: Manipur has established stringent protocols for issuing Aadhaar cards to adults, implementing comprehensive authentication processes and enhanced security protocols under which each adult Aadhaar application has to be mandatorily scrutinised and approved only at the level of state headquarters at the office of the special home secretary.State home commissioner N Ashok Kumar issued a statement noting, "One of the UIDAI officials present at the meeting (chaired by the governor at the Raj Bhavan) observed that Manipur's adult Aadhaar process is perhaps the most stringent in the country. ...Read More >
New Delhi, July 6: Trinamool Congress MP Mahua Moitra has petitioned the Supreme Court challenging the Election Commission of India (ECI) decision to order Special Intensive Revision (SIR) of electoral rolls in poll-bound Bihar, apprehending that such a second revision of the voters list could be replicated in West Bengal. In her petition, filed through advocate Neha Rathi, Moitra claimed that she has information that the "said (SIR) exercise is stated to be replicated in West Bengal from August 2025 for which instructions have already been given to EROs". Bihar Electoral Roll Revision Row: P ...Read More >
Kolkata: BJP MLA and leader of opposition in the West Bengal assembly, Suvendu Adhikari, on Sunday welcomed the Special Intensive Revision of electoral rolls in Bihar, where assembly polls are due later this year, and said such an exercise should also be conducted in the Trinamool Congress-ruled state. The Election Commission of India (ECI) has issued instructions to carry out the exercise in Bihar to weed out ineligible names and ensure that all eligible citizens are included in the electoral roll, allowing them to exercise their franchise in the polls. "This is a good step, and there will ...Read More >
New Delhi, Jun 29 (PTI) Railway Minister Ashwini Vaishnaw recently reviewed the progress of ongoing reforms in the passengers reservation system and emphasized the need for smart, transparent, accessible and efficient ticketing system with a focus on passenger convenience, the ministry on Sunday said. Under Vaishnaw's guidance, officials are working to prepare the reservation chart eight hours before the train's departure instead of the current system of four hours. "It will benefit passengers travelling from remote locations or suburbs of major cities for catching long distance trains. It w ...Read More >
New Delhi, July 1: Railway Minister Ashwini Vaishnaw launched on Tuesday the RailOne mobile application, which can help passengers get easy access to multiple services such as ticket booking, train and PNR enquiry, journey planning, rail help services and meal booking. Vaishnaw inaugurated the app, available on both Android Play Store and iOS App Store platforms, at the 40th Foundation Day celebrations of the Centre for Railway Information Systems (CRIS). "RailOne App is a one-stop solution for all passenger needs. Through this app, passengers get easy access to the following services: Ticket ...Read More >
Imphal, Jul 2 (PTI) Former Manipur Chief Minister N Biren Singh on Wednesday asserted the urgent need for strict verification mechanisms and close coordination between Aadhaar issuing authorities, ILP enforcement agencies, and local administrative bodies to ensure that identity documents are issued only to those who are rightfully entitled. In a post on X, Singh wrote: "I appreciate the enhanced measures undertaken by the State Government to strengthen and streamline the Aadhaar issuance process in Manipur. These efforts are critical to safeguarding our integrity and identity." Also Read | H ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
New Delhi: Aadhar cardholders are also facing the threat of cyber fraud, for which protection is needed. Many such cases have come to light when someone else has taken a loan on your Aadhar card, without even getting a clue. People are taking out fake loans by misusing Aadhaar cards, which directly cheats them. If this happened to you too, then you need to be careful in future. Has anyone taken a loan on your Aadhar card in a fake way? Sometimes you only find out after receiving a notice from the bank. Therefore, you can easily obtain the loan information on your Aadhaar card. Aadhaar cardhol ...Read More >