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, June 29 (SocialNews.XYZ) In a major step to promote agroforestry and simplify regulations for farmers, the Union Ministry of Environment, Forest and Climate Change on Sunday issued the 'Model Rules for Felling of Trees in Agricultural Lands'. These rules aim to support states and Union Territories in easing procedures related to tree-based farming and timber production. The main objective of these model rules is to streamline the regulatory framework for the felling of trees on agricultural lands. By doing so, the Centre hopes to boost agroforestry, which is the practice of growing trees along with crops. Agroforestry offers several benefits, including improving rural livelihoods, increasing tree cover, conserving biodiversity, enhancing soil health, and contributing to water conservation and climate resilience. The new model rules make it easier for farmers and other stakeholders to register their agroforestry lands, manage tree harvesting, and handle the transportation of timber. With simplified procedures, the initiative is expected to encourage greater participation in agroforestry and reduce the dependence on natural forests for timber. To ensure proper implementation, the State Level Committee formed under the 2016 Wood-Based Industries Guidelines will take charge of promoting agroforestry and overseeing timber production from farmlands. The committee will also be responsible for empanelling agencies that will verify tree-felling applications. As per the rules, applicants will have to register their plantations on the upcoming National Timber Management System (NTMS) portal. This will involve uploading details like land ownership, farm location with a KML file, tree species, and the plantation period. The portal will also allow applicants to update plantation details and upload geotagged photos for better traceability. When a farmer wants to harvest trees, they can apply online through the NTMS portal by giving specific details of the trees. The empanelled agencies will then conduct site inspections and submit verification reports. Based on these reports, tree-felling permits will be issued for agricultural lands. Divisional Forest Officers will monitor these agencies to ensure transparency and accountability. The Ministry has urged all states and Union Territories to examine the model rules and consider adopting them.
SOLAPUR, India (Reuters) - India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters. The rebound in production would allow the world's second-largest sugar producer to resume exports in 2025/26, they said, after a lack of rain cut cane yields and led to two years of restrictions. Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a t ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu on Thursday said that concerted efforts would be made to increase green cover in the state from current 30.05 per cent to 50 per cent by 2047 when India would celebrate its centenary year of Independence. Addressing the Vana Mahotsavam event on the World Environment Day at Ananthavaram village in Thullur mandal near here, the Chief Minister said: "Currently, Andhra Pradesh has 37,421 sq km of forest area, accounting for 23 per cent of the total area in the State. When we add greenery outside forests, the state's green cover stands at 30.05 per ce ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
Lucknow: UP is set to celebrate Van Mahotsav from July 1 to 7 under the guidance of Chief Minister Yogi Adityanath wherein the forest and wildlife department plans to plant a record 35 crore saplings across Uttar Pradesh, the highest in country.The department, working in close coordination with various other departments, has gathered 52.33 crore saplings and completed advance soil work on 72,912 hectares of land.A review meeting led by forest and environment minister Arun Kumar Saxena was held fo ...Read More >
New Delhi, Jun 6 (PTI) Infrastructure major Larsen & Toubro (L&T) on Friday said it will raise Rs 500 crore through ESG bonds. An ESG bond is a debt security that funds an environmental, social, or governance goal. "Larsen & Toubro (L&T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India's (Sebi's) newly introduced ESG and sustainability-linked bond framework," the company said in a statement. HSBC is acting as the sole lead arranger in the transaction, it said. As part of the ESG bond deal, the ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Tim Curtis, Director, UNESCO Regional Office for South Asia, has underscored the importance of adopting an 'ethics-by-design' approach to AI development, noting that true inclusivity requires not just functionality but the integration of core ethical values from the outset. He also reaffirmed UNESCO's support for India's vision of an AI ecosystem that is inclusive, transparent, and grounded in trust. Abhishek Singh, Additional Secretary, MeitY and CEO, IndiaAI Mission, highlighted India's balanced, pro-innovation approach to AI aimed at building AI in India ...Read More >
Dehradun, Jun 6 (PTI) The Centre and Uttarakhand government are committed to making the state a national hub of horticulture, Union Agriculture Minister Shivraj Singh Chouhan said on Friday. Interacting with farmers at a Kisan Chaupal in Pavwala Sauda village under Doiwala block of Dehradun, the agriculture minister said, "The quality of fruits, grains and vegetables grown in Uttarakhand is unique and they have full potential to make a mark at the global level." "The Centre and the state government together will make Uttarakhand a national hub of horticulture," he said. During his visit, the ...Read More >
Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
Union Minister of Rural Development and Agriculture & Farmers' Welfare Shri Shivraj Singh Chouhan launched the third edition of Nayi Chetna - Pahal Badlaav Ki, a national campaign against gender-based violence, at Rang Bhawan Auditorium, New Delhi yesterday. Delivering his address, Shri Chouhan stated that the Government has taken a slew of initiatives for women's economic and social development. He stressed that gender-based violence is not an issue that persists in rural areas, but in urban areas as well. He said with the presence of Union Minister of Women and Child Development Smt. Annpurn ...Read More >
The overall development of the country is not possible without the development of agriculture and farmers. The nation's economy can be strengthened by the development of agriculture, fishery production, and livestock, President Droupadi Murmu said on Thursday. Gracing the convocation ceremony of the Odisha University of Agriculture and Technology at Bhubaneswar, she said agriculture is facing new challenges such as natural disasters, adverse effects of climate change, decreasing per capita farm ...Read More >
Andhra Pradesh government launched a massive greening campaign on World Environment Day, initiating "Vana Mahotsav" and an "End Plastic Pollution" drive. The goal is to increase the state's green cover from 29 to 50 percent by planting one crore saplings statewide. The initiative includes advanced monitoring and aims to achieve 37 percent green cover by 2029.The Andhra Pradesh government on Thursday launched a massive greening campaign to mark World Environment Day, aiming to increase the state's ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Monaco, June 8 (SocialNews.XYZ) Norway's Minister of International Development, Asmund Grover Aukrust, at a meeting with India's Minister for Earth Sciences Dr Jitendra Singh on board the historic ship "Statsraad Lehmkuhl" in Monaco, conveyed his country's solidarity with India, in the light of the happenings in Jammu & Kashmir in recent weeks. Dr Jitendra Singh acknowledged Norway's support, in response to which Aukrust said that they eagerly looked forward to Prime Minister Narendra Modi's visit to Norway. From the Norwegian side, there has been a clear expression of support for India in t ...Read More >
Lucknow: Reinforcing its commitment to ensuring 'water to every field,' the Yogi Adityanath govt has completed 29 major irrigation projects over the past eight years, significantly expanding irrigation capacity, improving water management, and empowering millions of farmers across Uttar Pradesh. These projects have directly benefited 43,53,850 farmers across the state and led to an increase of 19,11,231 hectares in irrigation capacity. The initiative not only strengthens state's agricultural productivity but also marks a major milestone in flood control and water conservation efforts. Guided b ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
KATHUA: Lieutenant Governor Shri Manoj Sinha inaugurated the Kathua Waterfront and dedicated the landmark urban rejuvenation project to the people of Kathua. In his address, the Lieutenant Governor congratulated the District Administration Kathua for providing a unique public space that will foster community interaction and cultural activities in the beautiful and historical city of Kathua. He said, the 1200-meter stretch along Kathua Canal in the heart of the city will shape urban landscape, economy, and social fabric and enhance the city's identity and livability. "Kathua Waterfront blend ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
As winter approaches, Coorg, often called the "Scotland of India," offers the perfect retreat for nature lovers. Nestled in the Western Ghats, this hill station promises unforgettable experiences, from trekking Tadiandamol Peak to exploring serene coffee plantations on the Kopatty Trail. Stay at Blyton's Bungalow, an eco-friendly haven, and indulge in stargazing at Nalaknad Palace. For a deeper connection with nature, camp by the Kaveri River or explore the Brahmagiri Wildlife Sanctuary. Coorg's stunning waterfalls, including Abbey and Iruppu Falls, provide a perfect setting for relaxation, ma ...Read More >
Patiala: Union minister for agriculture and farmers' welfare Shivraj Singh Chouhan visited Rajpura in Patiala district on Thursday as part of an ongoing initiative, Viksit Krishi Sankalp Abhiyan (VKSA), which is aimed at transforming Indian agriculture through direct farmer engagement and sustainable practices.At a 'Kisan Chaupal' in Gandia Kheri village, Chouhan emphasised on govt's commitment to formulating agricultural policies based on direct interactions with farmers rather than relying solely on bureaucratic inputs. " If scientists go to the ground, they'll know about the problem of farm ...Read More >
Bhubaneswar: The state cabinet, under the chairmanship of chief minister Mohan Charan Majhi, on Friday approved a comprehensive five-year biotechnology development scheme with an outlay of Rs 1,113.50 crore. The programme will be implemented from 2025-26 to 2029-30.The 'Development of Biotechnology' initiative, comprising 17 sub-schemes, aims to transform Odisha into a knowledge-driven bio-economy by leveraging the state's rich biodiversity and existing research infrastructure."This scheme will create a robust ecosystem for innovation, incubation and investment in the biotechnology sector," a ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Dehradun (Uttarakhand) [India], June 5 (ANI): The Uttarakhand Government has suspended three engineers from the Public Works Department (PWD) over the damage to an under-construction bridge at Tharali in Chamoli district. Secretary of the Public Works Department, Pankaj Kumar Pandey, issued the suspension orders on the instructions of Chief Minister Pushkar Singh Dhami, said an official release. According to the release, under the leadership of Chief Minister Pushkar Singh Dhami, concrete and decisive steps are being taken in the direction of transparent and accountable governance in the stat ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
New Delhi [India], June 7 (ANI): As the Prime Minister Narendra Modi-led government completes 11 years of governance, India's agricultural sector has undergone a profound transformation over the years which is rooted in the philosophy of Beej Se Bazaar Tak (seed to market), while also championing inclusivity, supporting small farmers, women-led groups, and allied sectors, while making India a global agricultural leader, said a statement from the Ministry of Agriculture and Farmers Welfare (MoAFW). PM Modi also highlighted today about ensuring prosperity of farmers and also focussing on issues ...Read More >
Lucknow: The state govt will give saplings to children born between July 1 and July 7 in district hospitals, CHCs, PHCs, and other govt hospitals. Symbolising prosperity and growth in the child's life, the sapling will be given as a gift to a newborn, said an official, adding that the parents of the newborns will be informed about planting trees in vacant spaces.The move is a part of Van Mahotsav to be celebrated across UP from July 1 to July 7. Under it, UP has set itself a target of planting 35 crore trees during the monsoon this year. Apart from saplings, the newborns will also be presented ...Read More >