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.
Vijayawada: The Bureau of Indian Standards (BIS) is intensifying its focus on ensuring that both domestically manufactured goods and imported products adhere to Indian quality standards, said A Ramalingeswara Raju, additional director of the department of industries. Speaking at an 'Industrial Meet' held here on Thursday, organised by BIS in collaboration with the department of industries and the Federation of Small and Medium Enterprises India (FSME), Ramalingeswara Raju highlighted the significant presence of 1.6 million MSMEs and 1,100 large-scale industries in Andhra Pradesh. He noted that a large number of small industries often hesitate to obtain BIS certification due to perceived high costs, despite its crucial role in exporting goods. "In the evolving landscape, obtaining certification has become much easier," Ramalingeswara Raju stated, adding that both central and state governments are providing subsidies to help MSMEs acquire BIS certification. Prem Sajini Patnala, BIS director, emphasised that BIS is the sole authority for setting standards in India. She clarified that BIS certification is mandatory for the manufacturing, storage, and sale of products within the country. Currently, 816 product categories require compulsory BIS certification. Additionally, products from other countries must also obtain BIS certification to be sold in India. Patnala further stated that BIS conducts inspections twice annually and will carry out raids based on complaints. She urged consumers to use the BIS Care app to file complaints if a product's quality control details appear online fewer than two times. Notably, a recent decision at the first state-level meeting on standardisation, chaired by the AP Chief Secretary, mandated the inclusion of Indian standards in the State government's procurement policy. K L N Prakash Rao, chairman of FSME, highlighted that the presence of a BIS mark serves as proof of a product's assured quality. "Today, everyone's interest in quality has increased. Implementing the BIS mark has the potential to enhance product quality," he remarked. Ventkatrao, joint director of the industries, reiterated the importance of the BIS mark for MSMEs in the state to achieve global growth. He also confirmed the availability of central and state government subsidies for BIS mark certification. Deputy director Vivek Reddy delivered a comprehensive presentation covering BIS activities, how to download Indian standards, the application process for BIS licenses, Quality Control Orders (QCOs), the BIS Care app, Standards Watch, and BIS's hand-holding initiatives for MSMEs. Over 100 industry representatives attended the meeting with the BIS Director addressing their questions during the session.
New Delhi: The Centre has asked the states and union territories to make any proposed changes in the boundaries of administrative jurisdictions before December 31, 2025, when they will freeze for the Census-2027 exercise and the first phase of the decadal population count will begin on April 1 next year, according to a communication sent by the registrar general and census commissioner of India, Mritunjay Kumar Narayan, on June 27. The freezing means the states/UTs won't be able to change the boundaries of districts, towns, villages and tehsils post December 31. The Census can be conducted on ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
Hyderabad: The Telangana government will introduce a facial recognition-based attendance system at the State Secretariat starting December 12. A total of 60 devices will be installed on each floor near every lift and at the entrance of each department housed in the building. Chief Secretary Santhi Kumari issued official orders mandating the new system's implementation. According to the directive, the system will apply to all officers and staff working across various departments within the Secret ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
NEW DELHI: The government on Saturday extended the term of the chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal by one year, an official notification said.The Appointments Committee of the Cabinet approved the re-appointment of Agrawal, an IRS officer of the 1988 batch, as CBDT chairman for one year from July 1 this year to June 30, 2026, on contract basis.Agrawal took over as the CBDT chairman from Nitin Gupta in June 2024 after Gupta's extended tenure ended. Agrawal has been a member of CBDT. He was member administration and had served as DG investigation in Delhi. The gover ...Read More >
To boost agroforestry and double farmers' income, the Centre has introduced model rules for tree felling on agricultural land. These rules aim to simplify permissions, promote sustainable land use, and align with climate goals. By registering on the National Timber Management System (NTMS), farmers can gain transparency and access better market prices for their timber, including international markets.The Centre has issued model rules for the felling of trees on agricultural land in a bid to promo ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
The CM's reaction came to the DCP (Vidhana Soudha security) letter written before the event warning against holding felicitations at Vidhana Soudha 'hastily', surfaced now Karnataka Chief Minister Siddaramaiah on Sunday defended the decision to go ahead with the RCB victory celebration in front of Vidhana Soudha, saying no untoward incident happened there. Karnataka CM Siddaramaiah said, "The police department did not give comprehensive information about the police security arrangements at the ...Read More >
Shimla (Himachal Pradesh) [India], June 26 (ANI): Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu on Thursday has directed all the Deputy Commissioners of the State to stay alert and ensure 24/7 availability for the public to deal with the unfolding situation efficiently, keeping in view the adverse weather conditions. According to an official statement from the Chief Minister's Office (CMO), while reviewing the situation in the State with district administrations virtually from Shimla today, he asked all Deputy Commissioners to conduct relief and rehabilitation operations for a ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
New Delhi: Delhi govt has imposed a strict ban on direct purchases and cart-based procurement through the Government e-Market (GeM) portal for hospitals. The administration clarified that no healthcare facility or institution has the authority to make cart purchases or initiate bidding independently.The order emphasised that any non-compliance with these guidelines will face serious consequences, potentially leading to disciplinary or legal proceedings as determined by the relevant authority.The GeM portal, which commenced operations on Aug 9, 2016, functions as an online marketplace for centr ...Read More >
Thiruvananthapuram, June 6 (SocialNews.XYZ) Reacting to the controversy after the Kerala Agriculture Minister P. Prasad boycotted the state-level celebrations on the World Environment Day at the Raj Bhavan -- the official residence of the state Governor, Rajendra V. Arlekar, the latter expressed his displeasure. Speaking at the event as the state Governor, Arlekar expressed his displeasure by saying that the Agriculture Minister should also have been present here. "The State Education Minister informed that he could not come. Then the Agriculture Minister also did not come. I do not know wha ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu Naidu on Thursday held a review meeting at his Undavalli camp office to address procurement and pricing concerns for cocoa, mango, and tobacco crops, reaffirming his government's commitment to supporting farmers. Naidu stressed a farmer-centric approach, directing officials to conduct field visits, anticipate challenges, and ensure global standards in agricultural production. He announced a dedicated cocoa policy to promote high-quality output and enhance farmer awareness. Support for Farmer Producer Organisations (FPOs) and MSMEs to strengthen agro-pr ...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 >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...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 >
Hyderabad: The government received 8 million applications for Indiramma houses and the acceptance of these applications should be completed by December 31, said the revenue and housing minister Ponguleti Srinivasa Reddy. On Wednesday, December 12 the minister held a video conference at the secretariat with Telangana chief minister's advisor Vem Narender Reddy and chief secretary Shanti Kumari. They discussed the examination of Indiramma house applications, the conduct of Group-II examinations, a social survey, and other related issues. Instructing officials to involve members of the Indiramm ...Read More >
New Delhi [India], June 28 (ANI): A multi-agency mega mock exercise was conducted at Rajiv Chowk Metro Station in Delhi during the intervening night of June 27 and 28, from 01:05 AM to 04:25 AM, to assess the preparedness and coordinated response of various agencies in the event of a major contingency. The drill imitated multiple high-risk scenarios, including a Chemical, Biological, Radiological and Nuclear (CBRN) attack, a terrorist strike, a hostage situation, and an IED blast. The primary objective of the drill was to evaluate the real-time coordination, crisis response, and operational r ...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, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have already invested in AI or planned to do so in the next 12 months or thereafter. This figure crossed th ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
JAMMU, June 26: Two senior IAS officers of the erstwhile Jammu & Kashmir cadre, Bipul Pathak and Pandurang K Pole, have been assigned significant responsibilities in the Government of National Capital Territory of Delhi (GNCTD). Follow the Daily Excelsior channel on WhatsApp As per an order issued today by the office of the Lt Governor of Delhi, Bipul Pathak, a seasoned bureaucrat from the erstwhile J&K cadre, who is presently serving as Additional Chief Secretary (Industries) and holding additional charge of Additional Chief Secretary (Environment & Forests), has been transferred and appoin ...Read More >
New Delhi, June 27 (SocialNews.XYZ) A robust micro, small, and medium enterprises (MSME) ecosystem is not only important but also essential for the country's sustainable economic development, President Droupadi Murmu said on Friday. Addressing the 'MSME Day' celebration in the national capital, she said that MSMEs are a strong pillar of the country's economy. "They contribute significantly to GDP and promote innovation at the grassroots level. These enterprises generate more employment opportunities at a relatively low cost of capital. Most importantly, these enterprises generate employment ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...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 >
The West Bengal Health Department on Monday (January 13, 2024) admitted to a lapse and said that they will take strict action against anyone found guilty in the administration of expired saline at Medinipur Medical College and Hospital. The government has roped in the Criminal Investigation Department (CID) to probe the "lapse" which led to one woman's death and three others remained critical. Five women were administered Ringer's Lactate (RL) on the Intravenous (IV) fluid which had allegedly expired. All of them fell critically ill and one of them died after delivering a baby. Three of the ...Read More >
Bengaluru, 26th May 2025: The Ministry of Skill Development and Entrepreneurship (MSDE) will convene the 38th Meeting of the Central Apprenticeship Council (CAC) on 26th May 2025 at Vigyan Bhawan, New Delhi. The Council, reconstituted in October 2024 under the chairmanship of Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge), MSDE, plays a pivotal role in advising the Government on key policies related to apprenticeship training across the country. The last CAC meeting was held in June 2021. Since then, India's apprenticeship landscape has evolved considerably -- with over ...Read More >
CHENNAI: The Tamil Nadu government has requested the union government to release pending dues amounting to Rs 2,670.64 crore. These dues relate to expenses incurred by the state for paddy procurement, rice fortification, and subsidies for ragi and sugar. Of the roughly 2.25 crore ration cards in Tamil Nadu, the cost of supplying rice through the Public Distribution System (PDS) to 1.12 crore cards (covering 3.6 crore beneficiaries) is fully borne by the centre under the National Food Security Act (NFSA). Of the total outstanding dues of Rs 2,670.64 crore, a sum of Rs 2,181.88 crore has been ...Read More >
The Supreme Court has directed all states and union territories to form internal complaints committees in all government departments and undertakings by specific deadlines. This directive aims to ensure uniform compliance with the POSH Act across the country, highlighting lapses in its enforcement and mandating surveys and reports on adherence.With a view to ensure a nationwide compliance of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Supreme Court on Tuesday directed all states and union territories to constitute an internal complaints co ...Read More >