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, Jul 7 (PTI) The Congress on Monday termed as "fraudulent" and "intellectually dishonest" the government's assertion that India is among the world's most equal countries, and said the Modi government cannot simply wish away the stark reality of deepening inequalities by "doctoring data". The opposition party's attack came after an official release, citing World Bank data, said inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally. The Congress demanded that the Press Information Bureau (PIB) must clarify as to the origins of this press release and retract it immediately. Congress general secretary in-charge communications Jairam Ramesh said, "Aap chronology samajhiye. The World Bank released its Poverty and Equity Brief for India in April 2025. Immediately after, the Congress released a statement identifying the several warning signs that the World Bank had flashed for poverty and inequality in India - including warnings about government data underestimating inequality." Three months after its release, on July 5, the Modi government's drumbeaters and cheerleaders in the "Press (mis)Information Bureau" issued a press release making the "staggeringly out-of-touch" claim that India is among the world's most equal societies, Ramesh said in a statement. In a press statement issued on July 6, the Congress once again warned that the government's data interpretation was based on the limited availability and the uncertain quality of existing data, as well as to the selection of dated benchmarks to measure poverty, he said. Now it emerges that the Modi government was not only "negligent" in its analysis of the World Bank report, it was also outright "intellectually dishonest", Ramesh said. He claimed that to arrive at its conclusion, the Modi government deliberately chose to use two different benchmarks: consumption inequality in India and income inequality in other countries. "A comparison between two entities requires us to use the same metric to judge them. This is not just a fundamental principle of economic analysis, but one of common sense" Ramesh said. The choice to measure consumption inequality in India was also deliberate, he said. Ramesh pointed out that consumption inequality is always less than income inequality since the rich save a large part of their income. "When we compare India's income equality to that of the rest of the world, India performs extremely poorly: India is ranked 176 out of a total of 216 countries in 2019. In other words, India is not the 4th most equal society - it is actually the 40th most unequal society in the world," he claimed. "Income inequality in India has grown, and worsened in the last few years under the Modi Raj," Ramesh said. Wealth inequality in India is even higher than income inequality, reflecting the disproportionate gains of the elite in the last 11 years of cronyism, he said. "Such fraudulent analysis, being published through the auspices of the PIB, reveals one of two things: a disturbing lack of talent in this government, or an equally disturbing lack of intellectual integrity. The PIB must clarify as to the origins of this press release and retract it immediately," Ramesh said. "There has been a dangerous trend of such random ad-hoc statements and declarations coming from the Modi Government's officials," he claimed. "In May 2025, we saw a similar flurry of incoherent and diverging statements from NITI Aayog officials on the size of the Indian economy. The political leadership's penchant for distortion and propaganda has clearly trickled down to officials as well," Ramesh said. By "doctoring data", the Modi government cannot simply wish away the stark reality of what is staring us in the face - growing and deepening inequalities, driven by its mindsets and policies, he said. In its release, the government attributed the reduction in inequality to various initiatives and schemes pursued during the last decade. "...India's Gini Index stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus," the statement said. The Congress on Sunday had expressed concerns over the recent World Bank report that said poverty and inequality remain concerningly high in India, and requested the Centre to take steps, including bringing in GST reforms and ending corporate favouritism. Citing the World Bank's poverty and equity brief for India in April 2025, Ramesh had said three months after its release, the Narendra Modi government's "drumbeaters and cheerleaders have begun spinning the World Bank's data to make the staggeringly out-of-touch claim that India is among the world's most equal societies". He had said the good news that the Centre is so desperately trying to wrangle out of this report is partly attributable to the limited availability and uncertain quality of government data as well as to the selection of benchmarks to measure poverty. "No country that has a poverty rate of 28.1 per cent can make a justifiable claim to being one of the most equal societies in the world," the Congress leader had said. PTI ASK DV DV
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 >
New Delhi: The Congress on Sunday hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete silence. The Congress attack on the prime minister came a day after he attacked the party during the debate on the 'Glorious 75 year journey of India's Constitution'. "It was the famous French philoso ...Read More >
New Delhi, Dec 17 (PTI) Congress MP Shashi Tharoor on Tuesday hit out at the government, saying voting at the introduction stage of two bills on simultaneous elections in the Lok Sabha showed the BJP did not have the two-third majority required to pass a constitutional amendment. Two bills that lay down the mechanism to hold simultaneous elections were introduced in the Lok Sabha after a fiery debate on Tuesday. Opposition parties dubbed the draft laws -- a Constitution amendment bill and an ordinary bill -- as an attack on the federal structure, a charge rejected by the government. "We (th ...Read More >
THIRUVANANTHAPURAM: The museum police have arrested three caretakers of the Child Welfare Committee (CWC) for allegedly injuring a two-and-a-half-year-old child. The accused -- Ajitha, Maheswari, and Sindhu were taken into custody on Tuesday under the POCSO Act and relevant sections of the BNS. The incident reportedly happened when the child was hurt in the genital area as a punishment for urinating on the bed. The injury came to light when the child was being bathed. On noticing it, CWC General ...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 >
NEW DELHI: The Congress on Sunday hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete silence. The Congress attack on the prime minister came a day after he attacked the party during the debate on the 'Glorious 75 year journey of India's Constitution'. "It was the famous French philoso ...Read More >
The Congress on Sunday (December 15, 2024) hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Constitution is the basis of Indian unity, but Congress has wounded that spirit: PM Modi Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete sile ...Read More >
Chennai: In a bid to strengthen the organizational infrastructure of the Tamilaga Vetri Kazhagam (TVK) and to develop a robust campaign machinery, the party's founder president Vijay announced the names of 17 new key office-bearers for various wings with Adhav Arjuna, former deputy general secretary of the VCK, becoming the general secretary for campaign management on Friday. Apart from Adhav Arjuna, another known political leader who had been co-opted by Vijay is C T R Nirmal Kumar, a former BJP leader who switched over the AIADMK and has now landed in the TVK as deputy general secretary for ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a Rs 5 ...Read More >
New Delhi, Dec 4 (PTI) The Congress Wednesday said a "cover-up" is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutions a laughing stock whose reputation has already been tarnished by the actions of Prime Minist ...Read More >
Mhow (M.P), Jan 27 (PTI) Congress president Mallikarjun Kharge on Monday urged party workers to unite in saving the Constitution, saying the Dalits, backwards, tribals and poor will suffer otherwise. Addressing the "Jai Bapu, Jai Bhim, Jai Samvidhan" rally here, he also branded the BJP-RSS people as "traitors" and said the Congress will never tolerate the exploitation of the poor in the name of religion. Taking a swipe at BJP leaders taking holy dip at the Maha Kumbh, Kharge said taking a dip in the holy Ganga will not help remove poverty. He, however, stressed that he does not wish to hurt ...Read More >
Given the strong subscription response, Ganesh Infraworld's latest GMP stands at Rs 73, indicating an upside potential of 88% above the upper price band.The SME initial public offering (IPO) of Ganesh Infraworld received a strong response from investors with an overall subscription of 103.2 times by 12:19 pm on the final day of the bidding process. The IPO will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, and list the shares on the NSE SME platform. The net proceeds from the public offer will be used for ...Read More >
New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation and economic growth, as he opined that the central bank has been doing a prudent job. Notably, the FI ...Read More >
New Delhi, Feb 4 (PTI) Defence Minister Rajnath Singh on Tuesday accused Congress leader Rahul Gandhi of making "false allegations" about the statement of the Army chief on the situation at the India-China border. "The words attributed to the Army Chief by Shri Rahul Gandhi were never spoken by him at any time. It is a matter of deep regret that Shri Rahul Gandhi should indulge in irresponsible politics on matters of national interest," Singh said on X. In his speech on Monday in Lok Sabha during the discussion on the Motion of Thanks to the President's address, the leader of opposition clai ...Read More >
Moradabad (Uttar Pradesh) [India], December 13 (ANI): Samajwadi Party (SP) leader ST Hasan on Friday said that the 'One Nation, One Election' rule was not possible in the country with the various cultures and laws present. "The One Nation, One Election rule is not possible in our country. Our country has a lot of different cultures and religious laws. There is a huge conspiracy behind it... Indirectly, only the centre will rule. They are trying to change the Constitution. They are talking about a common civil court, saying One Nation One Constitution... tomorrow you'll say One Nation One Cult ...Read More >
New Delhi, Dec 18 (PTI) Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said the country will not tolerate Babasaheb Ambedkar's insult and demanded that Home Minister Amit Shah should apologise for his remarks in the Rajya Sabha. Several MPs of the INDIA bloc, including Congress leaders Mallikarjun Kharge and Rahul Gandhi, staged a protest in Parliament premises demanding Shah's apology for his remarks which they claimed were an insult to B R Ambedkar. Sharing pictures from the protest, Gandhi said in a Facebook post in Hindi, "Baba Saheb is the architect of the Constitution, ...Read More >
New Delhi [India], February 5 (ANI): Bharatiya Janata Party leader Amit Malviya on Wednesday slammed Leader of Opposition Rahul Gandhi over his 'Make in India' criticism and blamed Congress for 'doing nothing' to prepare India's economy for future even after a decade in power during the United Progressive Alliance (UPA) government from 2004-2014. Malviya said said that the Congress-led UPA continued the "legacy of policy paralysis, rampant cronyism, and complete neglect of industrial growth." "It is good that Rahul Gandhi has finally acknowledged a fact the entire nation already knew--that e ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up the GoM reports on rate rationalisation and rate reduction in health and life insurance. The two GoMs ...Read More >
New Delhi, Nov 26 (UNI) Congress president Mallikarjun Kharge, Leader of Opposition in Lok Sabha Rahul Gandhi, and party general secretary Priyanka Gandhi Vadra on Tuesday greeted the people on the occasion of 75th Constitution Day. On social media handle X, Kharge said, "The Constitution of India, painstakingly and carefully drafted by our foremothers and forefathers, is the lifeblood of our nation. It guarantees us social, economic and political rights. It constitutes India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC". He said, "Justice, Liberty, Equality and Fraternity are not ...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 >
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: India's opposition MPs on Wednesday, December 11, greeted their BJP counterparts in Parliament premises with the tricolour in one hand and a red rose in the other, urging the ruling party to ensure that the Parliament functions properly. This is the latest in a series of demonstrations led by Congress over the issue regarding industry mogul Gautam Adani getting indicted by the US. Leader of Opposition in the Lok Sabha Rahul Gandhi also offered the tricolour in the form of a card to Defence Minister Rajnath Singh when the latter was entering the main Parliament building. Congress ...Read More >
Hyderabad, Dec 18 (PTI) Alleging that the country's reputation was "hurt" following the indictment of Gautam Adani in a US court, Telangana Chief Minister A Revanth Reddy on Wednesday said Prime Minister Narendra Modi is trying to protect the industrialist. The chief minister, who participated in a 'Chalo Raj Bhavan' here as per a call given by the AICC, said the Congress government is ready to pass a resolution in the Assembly seeking JPC on the Adani issue if the opposition BRS extends support. Congress and the INDI Alliance demanded a Joint Parliamentary Committee (JPC) investigation into ...Read More >
New Delhi, Jan 21 (PTI) Congress leader Rahul Gandhi on Tuesday hit out at the Modi government over its economic policies and asserted that real development is when everyone progresses, there is a fair environment for business, a fair tax system and the income of workers increases. In a post in Hindi on X, Gandhi said, "The truth of Modi Ji's developed India: Your hard work, whose profit? The wheel of the country's economy is turning with your sweat and blood, but are you getting your fair share in it? Just think." The share of the manufacturing sector in the economy has gone down to the lowe ...Read More >
New Delhi, Dec 11 (PTI) India's maritime sector is poised to play a transformative role in the country's vision of becoming world's third-largest economy, Vice President Jagdeep Dhankhar said Wednesday. Today, India stands as an emerging maritime powerhouse, strategically leveraging its geographical location and advanced infrastructure to spearhead global maritime initiatives, the Vice President said. "With the global blue economy projected to reach USD 6 trillion by 2030, India's maritime sector stands poised to play a transformative role in our emergence as the world's third-largest econom ...Read More >
New Delhi, Dec 12 (PTI) Rajya Sabha proceedings were adjourned for the day Thursday afternoon amid ruckus as the treasury and opposition benches trades charges over no-trust notice against Chairman Jagdeep Dhankhar, and the BJP's allegations of the Congress leadership's "connections" with billionaire investor George Soros. The House witnessed two adjournments in the day before that. The first was during the Zero Hour in the pre-lunch sitting when Chairman Dhankhar rejected six notices to adjourn the scheduled business of the day and take up matters mentioned in the notices. As several oppos ...Read More >
Leader of Opposition in the Lok Sabha Rahul Gandhi is expected to visit Hathras on Thursday to meet the family of a Dalit woman who had died allegedly after gangrape in September 2020, Congress members said. Police stepped up the deployment of personnel in and around Bool Garhi village in the Chandpa area of Hathras in light of the expected visit of the opposition leader. Uttar Pradesh Congress chief Ajay Rai in Lucknow confirmed that Rahul Gandhi would be visiting the family in Bool Garhi, Hat ...Read More >
Lok Sabha MPs and AICC general secretaries Priyanka Gandhi Vadra and K C Venugopal were at the AIIMS at the time of his passing. P P Madhavan, a long-time aide of the Gandhi family and personal secretary to Congress Parliamentary Party Chairperson Sonia Gandhi, died Monday after suffering a heart attack. He was 73. Lok Sabha MPs and AICC general secretaries Priyanka Gandhi Vadra and K C Venugopal were at the AIIMS at the time of his passing. He will be cremated at his native place of Thrissur i ...Read More >
Hyderabad: Bharat Rashtra Samithi (BRS) MLC K. Kavitha has accused the state government of using the Musi Riverfront Development Project to displace thousands of families for the benefit of real estate developers. Speaking to the media on Wednesday, Kavitha slammed the Congress-led government, alleging a lack of transparency, mounting debts, and no clear compensation plan for those affected by the project. Kavitha's remarks come after Chief Minister A. Revanth Reddy reportedly appealed to the BJP government at the Centre for an additional Rs 14,100 crore. Kavitha described the project as one ...Read More >
New Delhi, Jan 13 (PTI) Congress leader Rahul Gandhi on Monday launched a blistering attack on Prime Minister Narendra Modi and former Delhi chief minister Arvind Kejriwal, saying that they keep mum on the issue of caste census as they do not want backwards, Dalits, tribals and minorities to get their due share. Specifically targeting Kejriwal at his first public meeting for Delhi assembly polls, Gandhi said that the AAP convenor was following "Modi's strategy of propaganda and false promises" despite rising pollution, corruption and inflation in the national capital. Gandhi also promised a ...Read More >