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: With an aim to establish India as a global sporting powerhouse capable of hosting major international events, including the 2036 Olympics, and resolving the governance issues plaguing the country's national federations, the govt on Tuesday approved the 'National Sports Policy (NSP) 2025' which will "drive excellence, economic growth and social progress" while promoting well-being of citizens.Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!In a Union Cabinet meeting chaired by Prime Minister Narendra Modi, the new comprehensive policy was passed with a twin objective of "broad basing of sports and achieving excellence in sports at national and international level to create a robust ecosystem that nurtures talent from the grassroots to the Olympic podium".Announcing the cabinet's decision, Union information and broadcasting minister Ashwini Vaishnaw informed, "The new policy replaces the two decade-old national sports policy of 2001 and outlines a vision to make India a strong contender on the global sports stage, including at the 2036 Olympic Games. The policy is aligned with the new education policy and makes a pitch for using the economic potential of sports."Vaishnaw added: "Fitness will be promoted as a lifestyle through ranking systems for schools and workplaces, while community fitness programmes like family sports weekends and yoga challenges will be launched to drive wider public participation."The NSP takes into account the country's recent performances in major international events including the Olympics, Paralympics, Asian and Commonwealth Games and recognises the need to build on these achievements and create a sustainable system for long-term success in sports, a govt statement said.Titled 'Khelo Bharat Niti' 2025, the policy "promotes the establishment of competitive leagues and competitions, and develops sports infrastructure in both rural and urban areas; builds world-class systems for training, coaching and holistic athlete support; enhances the capacity and governance of national sports federations; encourages the adoption of sports science, medicine and technology to boost athletic performance and trains and develops sports personnel, including coaches, technical officials and support staff."To address the long-standing issues of factionalism, infighting and governance mismanagement in NSFs, the policy has aimed to establish a 'Sports Regulatory Board' with powers to grant, renew and suspend the affiliation of NSFs, among others.To realise its objectives, the policy lays down a comprehensive implementation strategy encompassing "private sector funding & support; technology and innovation; national monitoring framework; model policy for states and whole-of-govt approach".FIVE KEY PILLARS OF NSP 2025
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 >
New Delhi [India], December 3 (ANI): Indian hockey player Jarmanpreet Singh said that the return of the Hockey India League (HIL) will help up-and-coming players learn more about the overseas players and would help India in ultimately securing the gold medal in Los Angeles 2028 Olympics. Jarmanpreet spoke to ANI about the return of the Hockey India League, team India winning the Paris Olympics 2024 bronze and the Asian Champions Trophy, the retirement of legendary goalkeeper PR Sreejesh etc. Speaking about the return of HIL, Jarmanpreet said to ANI, "Yes (if it will help Team India get LA 20 ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): BJP leader Devendra Fadnavis, Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met Governor CP Radhakrishnan to stake claim to form the Mahayuti government. BJP's Central Observers for the state, Union Minister Nirmala Sitharaman and Vijay Rupani were also present at the meet. Also Read | Stock Market Today: Indian Stock Market Ends in Green, All Eyes on RBI's MPC Decision on Repo Rate. Fadnavis is scheduled to take oath as the Chief Minister on December 5 after being unanimously chosen as Leader of Maharashtra BJP Legislati ...Read More >
OCCRP had published news articles against Adani; BJP MP Sambit Patra calls Rahul 'traitor of highest order' After a hiatus of two days, the Winter Session of Parliament plunged into chaos again Thursday, this time due to the ruling BJP targeting Leader of the Opposition Rahul Gandhi and the Congress, accusing them of being part of a plan to "derail" India's economy and "disrupt" its democracy. Senior BJP MP Nishikant Dubey raised the matter in the Lok Sabha, alleging that a "dangerous triangle" ...Read More >
The Indian government launched the Rs. 1,435 crore PAN 2.0 project. Announced by Information and Broadcasting Minister Ashwini Vaishnaw, the project aims to establish the PAN number as a common business identifier across all government digital systems. PAN 2.0 Project Launch The Rs. 1,435 crore PAN 2.0 the project aims to establish the PAN number as a common business identifier across all government digital systems. CCEA Approval The Cabinet Committee on Economic Affairs (CCEA) approved the project under the Income Tax Department. As per Information and Broadcasting Minister Ashwini Vaish ...Read More >
Mumbai, December 4: The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday. Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent. Stock Mark ...Read More >
India's growth in gross domestic product (GDP) of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It undershot even the most pessimistic forecasts. It's the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. The consensus expectation stood at about 6.5% and the Reserve Bank of India (RBI) was expecting around 7% growth till its October policy, only to pare it to 6.8%. Growth in gross value added (GVA), which is the preferred measure ...Read More >
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's sta ...Read More >
Lalu Yadav was reacting to Nitish Kumar's plans to launch the Mahila Samwad Yatra, an initiative aimed at directly engaging with women in Bihar. RJD chief Lalu Prasad Yadav on Tuesday stoked controversy after passing a sexist remark at Nitish Kumar's upcoming women's rally, saying that the Bihar Chief Minister was attending it to "ogle at women." Yadav was reacting to Kumar's plans to launch the Mahila Samwad Yatra, an initiative aimed at directly engaging with women in Bihar. "Nain sekne ja ra ...Read More >
New Delhi: The Union Cabinet has approved the 'One Nation, One Election' bill, to revive a concept that was once the norm in India's electoral history. The proposal aims to streamline elections across the country by holding simultaneous polls for the Lok Sabha and State Assemblies. The idea of holding simultaneous elections is not new to India. In the early years after independence, elections for the Lok Sabha and State Assemblies were held together in 1951-52, 1957, 1962, and 1967. However, this practice was disrupted when several State Assemblies were dissolved prematurely in 1968 and 1969. ...Read More >
New Delhi: The Union Cabinet cleared the bill for the 'One Nation, One Election' proposal on Thursday (December 12). This development comes as Prime Minister Narendra Modi and the NDA have been repeatedly advocating for this initiative asserting that it will "strengthen the democracy" by holding simultaneous elections in the country. "Elections are held at different places every few months and it hampers the developmental work and all of you know it. Therefore, it is must to have deep study and deliberation on 'One Nation, One Election'," the PM said. "Only one voters' list should be used f ...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 >
India's D. Gukesh is set to face reigning World Chess Champion Ding Liren in Game 3 of the 2024 World Chess Championship at Resorts World Sentosa in Singapore. After losing the first game, Gukesh managed to hold Ding to a draw in the second round while playing with Black. In Game 3, Gukesh, now with White, aims to reduce Ding's lead and fight for an equal footing in the series. The match will be streamed live on platforms like FIDE's YouTube and Chess.com, with live updates available on Sportstar’s match blog. Fans can follow all the exciting action as it unfolds. ...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 >
Bhopal, Dec 11 (VOICE) Madhya Pradesh Chief Minister Mohan Yadav will launch 'Jan Kalyan Parv' on Wednesday on the completion of one year of his government. The BJP government in the state will organise a fortnight-long programme called 'Jan Kalyan Parv' to highlight the development works undertaken in the past year. Chief Minister Yadav has directed district administration to organise camps in blocks and gram panchayats to highlight the government's achievements. "The officers will meet people and make them aware of the state government's welfare schemes and ensure that those eligible get ...Read More >
NEW DELHI: Prime Minister Narendra Modi's home state, Gujarat, has achieved remarkable success in implementing the PM Surya Ghar Muft Bijli Yojana, a flagship initiative aimed at promoting rooftop solar installations for residential users. Informing the Rajya Sabha on Tuesday, Union Minister for New and Renewable Energy and Power, Shripad Naik, stated that Gujarat has recorded the highest number of solar rooftop installations, followed by Maharashtra and Uttar Pradesh. The minister further revealed that a total of 1.45 crore registrations have been recorded across the country under the PM Su ...Read More >
Chief Minister Mohan Yadav has expressed his gratitude to Prime Minister Modi and the Union Cabinet for approving 3 multitracking projects of the Railway Ministry worth Rs 7 thousand 927 crore. Chief Minister Yadav said that the state is making rapid progress under the able leadership of Prime Minister Modi, due to the increasing network of railways in the state, and transportation for the people of the state has also become fast and easier. The people of the state are grateful to Prime Minister Narendra Modi and Railway Minister Ashwini Vaishnaw for the continuous new developments and contri ...Read More >
Bhubaneswar (Odisha) [India], December 3 (ANI): Producer Ektaa R Kapoor on Tuesday met with Odisha Chief Minister Charan Majhi in Bhubaneshwar. Visuals from the meeting surfaced online in which CM Mohan Charan Majhi and Ektaa could be seen exchanging warm pleasantries. Also Read | 'The Sabarmati Report': Union Home Minister Amit Shah Praises Vikrant Massey Starrer for Revealing the Truth Behind Godhra (View Post). Ektaa also visited Lingaraja Temple and offered prayers there. Notably, on Monday, Ektaa along with the team of 'The Sabarmati Report' attended a special screening of the film wi ...Read More >
Mumbai, Dec 5 (PTI) BJP legislature party leader Devendra Fadnavis will be sworn-in as the new chief minister of Maharashtra on Thursday evening at a grand ceremony here to be attended by Prime Minister Narendra Modi and several other dignitaries. Fadnavis, who would be occupying the CM's post for the third time, along with two deputy chief ministers will take the oath of office, BJP leader Sudhir Mungantiwar told reporters, adding that other members of the cabinet will take oath later. Nationalist Congress Party chief Ajit Pawar and Shiv Sena chief Eknath Shinde are expected to take oath as ...Read More >
Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45 am, up by 323.17 points or 0.40 per cent. Similarly, the Nifty opened at 24,488.75 compared to its previous close of 24,457.15 and is now at 24,558.20, rising by 101 ...Read More >
(Bloomberg) -- Indian bonds are poised to gain while the rupee is set to weaken as analysts bet on a softer monetary policy after the government named career bureaucrat Sanjay Malhotra as the new Reserve Bank of India governor. Most Read from Bloomberg Malhotra, a surprise pick, will take charge from Shaktikanta Das under whom the RBI kept borrowing costs unchanged for almost two years. While Malhotra's views on monetary policy are largely unknown, he recently urged revenue officials to prioritize economic growth, and the markets may read his appointment as dovish. The central bank is expec ...Read More >
New Delhi, Dec 12 (PTI) The Union Cabinet on Thursday approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session, sources said. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The government is keen on holding wider consultations on bills which are likely to be referred to a parliamentary committee. Sources said the government was also keen to consult the Speakers of various state legislative assemblies through the committee. Moving ahead with it ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): Bharatiya Janata Pary (BJP) leader Devendra Fadnavis said on Wednesday that Maharashtra Governor CP Radhakrishnan has invited the Mahayuti alliance to form the next government and the oath taking ceremony will take place tomorrow. Fadnavis said the Mahayuti leaders met the Governor and handed over letters of support. Also Read | Why Is Maharashtra Assembly Winter Session Held in Nagpur? Know History and Reason Behind Nagpur Being State's Winter Capital. Fadnavis along with Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met ...Read More >
INDIA bloc MPs, donning black jackets with slogans like "Modi Adani Ek Hai", protested at Parliament demanding a joint probe into the Adani issue. Priyanka Gandhi Vadra accused PM Modi of evading discussion on the "Adani mega scam" while defending Adani's alleged corruption. Rahul Gandhi asserted that Modi won't investigate Adani as it would be like investigating himself.Congress leader Priyanka Gandhi Vadra Thursday said the country's people want the "Adani mega scam" to be discussed in Parliame ...Read More >
Bengaluru: Ex-Karnataka Chief Minister and former External Affairs Minister SM Krishna died here early on Tuesday, leaving behind a rich legacy of statesmanship and public service that saw the 92-year-old leader scale all heights of political achievements. Suave, sophisticated and a man with enviable academic credentials, Somanahalli Mallaiah Krishna started off his political innings as an independent MLA from Maddur in 1962, stunning a then Congress veteran in the elections, and went on to become the state's CM and later the country's External Affairs Minister. Tributes poured in for the fo ...Read More >
NDIA bloc leaders, who submitted a notice of no-confidence motion against the Rajya Sabha Chairman Jagdeep Dhankhar on Wednesday, blamed the chair for not allowing them to speak in the Rajya Sabha. The leaders held a joint press conference labelling several charges against the chairman. "His behaviour (RS chairman) has damaged the dignity of the country. He has brought such a situation in the history of parliamentary democracy that we had to bring this notice for the resolution (of no confidence ...Read More >
New Delhi, Nov 26 (UNI) The existing PAN (Permanent Account Number) card holders are not required to apply for new PAN under the upgraded system (PAN 2.0) which has been approved by the central government, apex direct tax policy-making body Central Board of Direct Taxes (CBDT) said on Tuesday. The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on November 25, 2024 approved the Income Tax Department's PAN 2.0 project aimed at upgrading the existing PAN system and making it more user-friendly. The CBDT said in a press release on Tuesday that the PAN 2.0 pr ...Read More >