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.
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New Delhi: Over millions of government employees are holding their breath as talks around the 8th Pay Commission gain momentum. If approved, it could bring a big 30-34 per cent hike in salaries and pensions -- something that could directly benefit nearly 11 million people, as per a report by Ambit Capital quoted in The Economic Times.// The new pay scale is likely to roll out from January 2026. However, before that the Pay Commission has to be set up, the report is prepared and sent to the government for approval. As of now, only the announcement has been made and key details like who will lead the commission and what its exact terms will be are still awaited. The fitment factor under the 8th Pay Commission could range between 1.83 and 2.46. In simple terms, this means your basic salary may be multiplied by this number to calculate the new revised pay, according to Ambit Capital. The 8th Pay Commission is expected to benefit nearly 11 million people -- including around 4.4 million central government employees and 6.8 million pensioners. Once implemented, it will lead to a hike in their basic pay, allowances, and retirement benefits. Although the government has announced the 8th Pay Commission, key steps like appointing a chairman, members, and finalising the Terms of Reference are still pending. This delay has raised doubts about whether the new pay structure can actually roll out by January 2026. Ambit Capital points out that the 7th Pay Commission took about 18-24 months to implement. So, if the process gets pushed further, the 8th Pay Commission may not come into effect until FY2026-27.// Pay hikes have varied in the past. The 6th Pay Commission in 2006 brought a big jump overall pay and allowances rose by about 54 per cent. In contrast, the 7th Pay Commission in 2016 offered a smaller hike: basic pay increased by 14.3 per cent, and with allowances, the overall rise in the first year was around 23 per cent. A government employee's pay has many parts, basic pay, dearness allowance (DA), house rent allowance (HRA), transport allowance (TA), and other small benefits. Over time, the share of basic pay has fallen from 65 per cent of the total package to about 50 per cent, with other allowances taking up more. Pensioners will also benefit from the changes, but since they don't receive allowances like HRA or TA, the hike will mostly reflect in their basic pay and Dearness Allowance (DA).
Mumbai, May 21: The 8th Pay Commission has been officially announced by the Indian government, with no doubt a significant activity for some 1 crore central government employees and pensioners for the consideration of the revisions of salaries and pensions. The primary role of this commission will be to identify the fitment factor, the multiplier used to increase basic pay, and review minimum wages and keep them relevant to the current economic situation. A prominent recommendation from the Staff Side indicates a desire to combine lower pay levels for a fairer wage structure and to facilitate ...Read More >
New Delhi [India], June 28 (ANI): The Union Ministry of Cooperation is set to organise a 'Manthan Baithak' of Cooperation Ministers of States and Union Territories (UTs) on June 30 at Bharat Mandapam, New Delhi. The Manthan Baithak will be chaired by the Union Home Minister and Minister of Cooperation, Amit Shah. Also Read | Indian Astronaut Shubhanshu Shukla Describes Life on ISS During Video Interaction With PM Narendra Modi, Says 'From Here, We See Sunrise and Sunset 16 Times a Day' (Watch Video). This significant event will witness the active participation of Cooperation Ministers and A ...Read More >
NEW DELHI, July 2: In a significant move aimed at reducing pension-related legal disputes and ensuring swifter justice for India's growing population of retired Government employees, Union Minister Dr. Jitendra Singh today , while chairing the first-ever "National Workshop on Pension Litigation" organised by the Department of Pension & Pensioners' Welfare at Vigyan Bhawan here, said that in no case should the vital energies of our elder citizens be allowed to be consumed inconsequentially for avoidable reasons because they may be "retired from Government service but not retired from service to ...Read More >
Kochi: Edison Babu's neighbours in Muvattupuzha knew him as the quiet engineer who had returned home during the pandemic. The 35-year-old former auto industry professional seemed to lead an unremarkable life in this sleepy Kerala suburb, occasionally visiting the local post office with packages: nothing unusual for someone running what appeared to be a small online business. What they didn't know was that their mild-mannered neighbour had built India's most sophisticated darknet drug empire, one that relied heavily on the very government postal service that was meant to serve the community. ...Read More >
New Delhi, July 17: Over 10 million central government employees and pensioners across India are eagerly awaiting the rollout of the 8th Pay Commission. A recent report by Ambit Capital brings both hope and realism -- projecting a salary hike of 30% to 34%, while also highlighting that implementation may not happen before FY27. For example, if an employee currently earns a basic salary of INR 50,000, it could rise to between INR 65,000 and INR 67,000 under the new structure, offering major financial relief. The delay, however, is procedural. The government has not yet constituted the 8th Pay ...Read More >
In a transformative step towards reimagining civil service training in India, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, launched the National Standards for Civil Service Training Institutes 2.0 (NSCSTI 2.0) at the Civil Services Officers Institute (CSOI) in New Delhi. The initiative, developed by the Capacity Building Commission (CBC) under the Government of I ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...Read More >
New Delhi, Jun 29 (PTI) The Railway Ministry has enhanced the limit on passengers' waiting list from 25 per cent to 60 per cent for all AC classes and 30 per cent for non-AC classes by a fresh order issued on Saturday. The order to cap the waiting list of passengers of all classes at 25 per cent was originally issued on April 17 to all zones as well as the Centre for Railway Information System (CRIS). Also Read | Bengaluru Horror: Woman's Body Found Stuffed in Sack, Dumped in Garbage Truck Near Channammanakere Skating Ground; Murder, Possible Sexual Assault Under Investigation. The CRIS ame ...Read More >
NEW DELHI: In a significant move aimed at reducing pension-related legal disputes and ensuring swifter justice for India's growing population of retired government employees, Union Minister Dr. Jitendra Singh on Wednesday, while chairing the first-ever "National Workshop on Pension Litigation" organised by the Department of Pension & Pensioners' Welfare at Vigyan Bhawan here, said that in no case should the vital energies of our elder citizens be allowed to be consumed inconsequentially for avoidable reasons because they may be "retired from government service but not retired from service to t ...Read More >
Jaipur (Rajasthan) [India], July 19 (ANI): Former Rajasthan Chief Minister Ashok Gehlot on Saturday hailed Congress MP Rahul Gandhi, stating that he raised the issue of caste census, following which the Union Government are conducting it. He mentioned that India cannot become a world leader until untouchability is removed from society. The Congress leader held a meeting of the Congress OBC Cell on Saturday at the State Congress Office (PCC) in Jaipur. Along with Ashok Gehlot, the National Chairman of the OBC Department of the Congress, Anil Jaihind, and the State President, Harshaya Yadav, w ...Read More >
Ranchi, Jul 7 (PTI) Jharkhand Finance Minister Radha Krishna Kishore on Monday accused the Centre of withholding funds for several schemes, depriving people of the benefits of the initiatives. He claimed that the BJP was spreading lies that the Jharkhand government was not providing the benefits of the schemes to the people. Also Read | Mumbai: Video of MNS Leader's Drunk, Half-Naked Son Rahil Shaikh Abusing Influencer Rajshree More Goes Viral, Eknath Shinde's Shiv Sena Demands Action (Watch Videos). "The central government has withheld funds for several schemes and is not providing its sha ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
Dehradun (Uttarakhand) [India], August 3 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami on Sunday distributed appointment letters to the candidates selected for various posts in the Irrigation department and the state's transport corporation. The distribution ceremony was held at the CM's residence in Dehradun. CM Dhami congratulated and wished 43 eligible candidates for the post of conductor under the deceased dependent quota in the Transport Corporation. He also handed over the appoin ...Read More >
New Delhi: The government on Wednesday approved a hike in dearness allowance for its employees, increased the minimum support price for key crops, and okayed a mission to boost pulses output in the country, in decisions that will cost the Centre ₹1.2 trillion. In a festival-season bonanza, the Union cabinet approved a 3% increase in the dearness allowance (DA) and dearness relief (DR) for central government employees and pensioners. Effective 1 July, the DA stands at 58% of the basic pay, and would benefit about 4.92 million employees. Similarly, the DR would benefit 6.87 million pensioners ...Read More >
Odisha Chief Minister Mohan Charan Majhi announced on Thursday that the state is moving towards a paperless governance model. Speaking at a two-day national conference on 'Good Governance Practices' in the presence of Union Minister Jitendra Singh, Majhi highlighted transformative initiatives in state administration. The Chief Minister emphasized the implementation of the Odisha Secretariat Workflow Automation System (OSWAS), a digital platform that has streamlined internal government processes ...Read More >
New Delhi: The central government, on Wednesday, announced a 3% hike in Dearness Allowance (DA) ahead of Dussehra and Diwali celebrations. This will impact nearly 49.2 lakh central government employees. Around 68.7 lakh central government pensioners will also see more money entering their bank accounts with the government announcing a 3% hike raise in Dearness Relief or DR. This is the last DA/DR revision under the 7th Central Pay Commission, before the 8th Pay Commission comes into effect from January 2026. Details of the 8th Pay Commission's committee members, terms of reference are yet to ...Read More >
New Delhi, July 4 (SocialNews.XYZ) The Finance Ministry announced on Friday that the tax benefits available under the National Pension Scheme (NPS) will apply mutatis mutandis to the Unified Pension Scheme (UPS), as it is an option under the former. The measure aims to provide further impetus to the UPS. These provisions ensure parity with the existing NPS structure and provide substantial tax relief and incentives to employees opting for the UPS, according to the Finance Ministry statement. The term mutatis mutandis means with all the necessary changes being made. The legal term clarifies t ...Read More >
Ranchi, July 7: Jharkhand Finance Minister Radhakrishna Kishore has issued a strong message to government officials, stating that delays and negligence in public service would no longer be tolerated. Speaking to the media after a Janata Darbar held at Congress Bhawan on Monday, the Minister emphasized the need for timely and transparent handling of public grievances. Kishore pointed out that several welfare schemes, including the old age pension, were being impacted due to the central government's lack of financial cooperation. "The central government has withheld funds for many key schemes. ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Wheat is the main rabi (winter) crop, with sowing beginning from late October, while harvesting from March onwards. Other rabi crops include jowar, barley, gram and lentil. The government on Wednesday announced a 6.59 per cent increase in the minimum support price (MSP) for wheat to Rs 2,585 per quintal for 2026-27 marketing year. The decision was taken in the Cabinet meeting chaired by Prime Minister Narendra Modi here. Last year, wheat MSP was fixed at Rs 2,425 per quintal for 2025-26 market ...Read More >
"We have moved from the joint family system to nuclear families. A chapter on senior citizens should be included in school curriculum to instil values among children," Rajesh Kumar, the state head of HelpAger India, told PTI Videos on International Day for Older Persons. Issues such as mental health and loneliness would increase in the elderly population as the average age is rising, while mobile health units and committee-based care giving programmes would become significant in the rural areas, ...Read More >
Mumbai, June 6: Effective January 1, 2026, the Indian government-approved 8th Pay Commission is scheduled to update the salaries and pensions of more than 1 crore central employees and pensioners. The fitment factor may increase from 2.57 to 2.86, which could raise the minimum basic wage from INR 18,000 to INR 51,480 and the pensions from INR 9,000 to INR 25,740. The pay scale for government workers is expected to undergo major changes as a result of the 8th Pay Commission. It is anticipated to go into effect on January 1, 2026, and will benefit more than one crore central government employee ...Read More >
The Punjab Cabinet approved amendments to the state's conversion policy, facilitating industrial plot conversions into various uses. This move addresses industrialists' concerns, aims to streamline estate management, and enhance business ease. Additional policies target micro and small enterprise operations and restructure state financial directorates for efficiency. The Punjab Cabinet has given the green light to amendments in the conversion policy, offering opportunities for industrial plots t ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
New Delhi, July 06: Central government employees are expected to receive a 4% hike in Dearness Allowance (DA) from July 2025, taking it from 55% to 59% of basic pay, according to projections based on the All India Consumer Price Index for Industrial Workers (AICPI-IW). The latest data shows the index rose to 144 in May 2025, up from 143 in March and 143.5 in April. If June's index hits 144.5, the 12-month average will reach around 144.17. Applying the 7th Pay Commission's formula -- DA (%) = [(Average CPI-IW - 261.42)/261.42] × 100 -- the resulting figure of 58.85% will likely be rounded to 59 ...Read More >
Mumbai (Maharashtra) [India], July 19 (ANI): A contingent of 23 athletes supported by Reliance Foundation look to compete at the World University Games across six cities in Germany, with events running until July 27. Representing athletics, archery, and judo, these young talents aim to improve international rankings, achieve personal bests, and bring home laurels. The athletics team forms the backbone of the foundation campaign, with 18 athletes competing in sprints, jumps, throws, hurdles, relay, long jump, decathlon, among other events, beginning July 21, a release said. James Hillier, Di ...Read More >
Hyderabad: Union Minister G Kishan Reddy has underlined that the Centre, under Prime Minister Narendra Modi, has actively promoted the textile sector through the 'Make in India' programme and is implementing the '5F' strategy: Farm to fibre, fabric, fashion, and foreign markets. In his speech, after inaugurating a week-long festival to celebrate National Handloom Day on Sunday, he observed that the handloom sector had experienced consistent growth over the past 11 years. According to him, this sector currently contributes 2.3% to the country's GDP, with 13% of industrial production and 12% of ...Read More >
New Delhi, Sep 16 (PTI) Central government employees are entitled to "assured payout on pro rata basis" on opting for voluntary retirement after completion of service of 20 years or more under the recently-notified rules, the personnel ministry said on Tuesday. The Department of Pension and Pensioners' Welfare has notified in the official gazette on September 2, the Central Civil Services (Implementation of the Unified Pension Scheme under the National Pension System) Rules, 2025 for regulating the service matters relating to benefits under the Unified Pension Scheme in respect of central gov ...Read More >
New Delhi, Jul 5 (PTI) The Delhi High Court has dismissed over 200 petitions of the Ministry of Defence challenging the Armed Force Tribunal's order holding a number of defence personnel entitled for disability pension for their respective disabilities. Disability pension cannot be denied to defence personnel solely on the ground that the onset of the disability occurred while they were posted at a peace station or by contending that it is a lifestyle disease, it said, while noting that military service is inherently stressful due to a combination of factors. A bench of Justices Navin Chawla ...Read More >
Shimla, Jul 17 (PTI) Himachal Pradesh High Court has directed the state government to remove encroachments on forest lands, including the fruit-bearing trees, all across the state and not limit it to some areas. The order was passed by a division bench consisting of Justices Vivek Thakur and Bipin C Negi on Wednesday after the Advocate General placed on record fresh instructions issued by Principal Chief Conservator of Forests, informing that 2,456 apple and other fruit trees have been felled from forest lands in Chaithla village, and 713 and 490 trees in Rohru and Kotgarh forest divisions, r ...Read More >