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.
Shillong, Jul 13: Union Finance Minister Nirmala Sitharaman has expressed strong support for Meghalaya's efforts to secure UNESCO World Heritage status for the iconic living root bridges in East Khasi Hills district of the state. Sitharaman on Saturday praised the recent grassroots momentum to revive the nomination and strengthen the proposal through community engagement and international partnerships. She emphasised that global recognition would not only honour traditional knowledge but also inspire others to adopt sustainable practices rooted in local wisdom.
Mumbai: Even as mis-selling of insurance plans by banks has drawn scrutiny, the sector regulator doesn't want to manage distribution channels and seeks to focus on customer awareness to check the malpractice. "It's not necessary that every mis-selling is mis-selling, it's also about the customers' understanding of the product," said Swaminathan S Iyer, member (life), Insurance Regulatory and Development Authority of India on the sidelines of an event on Wednesday. "Once you drive home that your understanding is different from what the product is...then I think the absolute number on mis-selli ...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 >
NEW DELHI: BRICS is a vital platform for advancing inclusive multilateralism, especially when global institutions are facing a crisis of legitimacy and representation, FM Nirmala Sitharaman has said.Speaking at BRICS Finance Minister and Central Bank Governors (FMCBG) meeting in Rio de Janeiro, FM said India has demonstrated resilience through a combination of strong domestic demand, prudent macro management, and targeted fiscal measures.She emphasised that India's policy response to trade and financial restrictions has focused on diversifying markets, promoting infrastructure-led growth and i ...Read More >
SHILLONG, July 11: Union Finance Minister Nirmala Sitharaman on Friday highlighted the significant increase in central financial support to Meghalaya over the past decade, particularly in tax devolution. Speaking to the media here, Sitharaman stated that between 2014 and 2024, Meghalaya received Rs 48,883 crore in tax devolution -- a remarkable 572% increase from the Rs 7,273 crore it received during the previous decade (2004-2014). Similarly, grants-in-aid to the state more than doubled, rising from Rs 19,700 crore in 2004-2014 to Rs 40,452 crore in the 2014-2024 period. She emphasised tha ...Read More >
Delhi CM Rekha Gupta met Union Finance Minister Nirmala Sitharaman, securing ₹600 crore under SASCI scheme for capital investment, supporting infrastructure and employment. Delhi Chief Minister Rekha Gupta on Thursday met Union Finance Minister Nirmala Sitharaman, securing a ₹600 crore commitment under the Centre's Special Assistance to States/UTs for Capital Investment (SASCI) scheme. The funds are expected by the end of this month. The SASCI scheme was launched in 2020-21 in response to t ...Read More >
Mumbai: Two days ahead of the Maharashtra government formation, top sources have said that Eknath Shinde's Shiv Sena is likely to be allotted eight portfolios including the Urban Development Ministry. Sources also said that Ajit Pawar's NCP will retain the Finance Ministry. Sources have further said that there is no dispute between Shiv Sena and the BJP over the Chief Minister's which is yet to be revealed by the Mahayuti alliance. Meanwhile, reports are doing the rounds that Sena wants swearing in of its ministers on December 5 itself, along with oath taking of Chief Minister and Deputy Chie ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector scheduled for December 7, sources said. Union Budget 2025-26 is likely to be tabled in Parliament o ...Read More >
Meghalaya is a major tourist destination in the northeast ShowQuick Read Summary is AI-generated, newsroom-reviewed Tourists must hire authorised guides for trekking in East Khasi Hills district in MeghalayaA businessman from Indore was killed by his wife during their honeymoon in MeghalayaSocial media reactions questioned Meghalaya's safety and affected its tourism reputation Did our AI summary help? Let us know. Guwahati: Meghalaya has made it mandatory for tourists to hire authorised an ...Read More >
SHILLONG, July 11: Union Finance Minister Nirmala Sitharaman on Friday virtually laid the foundation for several key projects worth Rs 1,400 crore from the Lariti auditorium in Mawkasiang, New Shillong Township. The projects are aimed at accelerating infrastructure, economic growth and social welfare in Meghalaya. They include the redevelopment of Umiam Lake into a world-class sustainable tourism destination at an estimated cost of Rs 99.99 crore, alongside the development of MICE (Meetings, Incentives, Conferences, and Exhibitions) Infrastructure at Mawkhanu, also under Special Assistance t ...Read More >
Policy 3 min read Need to streamline policies to make India GCC hub: Official India aims to become a global hub for Global Capability Centres. Senior officials suggest streamlining national policies to emulate successful state models. Focus is on talent, infrastructure, and regulatory initiatives. The government plans a national framework to guide states in promoting GCCs in Tier II cities. Efforts are underway to boost employment and collaborate with global partners for workforce mobility. New ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) Union Home Minister Amit Shah on Thursday hailed the socio-economic gains from the Pradhan Mantri Jan Dhan Yojana (PMJDY), crediting Prime Minister Narendra Modi for conceiving the world's largest banking initiative in history. "Exactly 11 years ago today, for the financial inclusion of the poor, women, farmers, and deprived sections, Modi ji launched the world's largest banking initiative in history, the 'Pradhan Mantri Jan Dhan Yojana'," said HM Shah on the anniversary of the scheme. He said, in a post on X, "Through #11YearsOfJanDhan, a historic effort w ...Read More >
New Delhi, Sep 14 (PTI) Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, is likely to be introduced in Parliament in the upcoming Winter session, Finance Minister Nirmala Sitharaman has said. The winter session of Parliament generally commences in the second half of November and concludes before Christmas. "I hope to", she told PTI when asked if the bill to further liberalise FDI in the insurance sector can be introduced in Parliament in the upcoming Winter session. The finance minister, in this year's Budget speech, proposed to raise the foreign investment ...Read More >
Bengaluru: Fugitive liquor baron Vijay Mallya approached the Karnataka High Court on Wednesday seeking direction to banks to provide details of the total amount recovered against loans obtained by him, United Breweries Holdings Limited (UBHL, now in liquidation). Considering the plea, the High Court has issued notices to concerned banks in this regard. The bench headed by Justice R. Devadas passed the order issuing notices to banks, and recovery officers and adjourned the matter till February 19. Senior counsel Sajan Poovayya appearing for Vijay Mallya submitted to the court that the loan a ...Read More >
Kargil , Jul 2: Pursuant to putting in place a comprehensive legal framework to ensure fair, inclusive, and transparent recruitment to public services, the Administration of the Union Territory of Ladakh has initiated a large-scale recruitment drive for 359 Gazetted posts through the Union Public Service Commission (UPSC). This marks the first-ever recruitment of Gazetted posts through UPSC since the formation of the Union Territory, officials said. This follows the establishment of a unique and dedicated legal framework specifically designed for Ladakh. The framework ensures maximum local re ...Read More >
Shillong, July 11: Union Finance Minister Nirmala Sitharaman on Friday announced that 92 border villages in Meghalaya have been identified for inclusion under Phase II of the Vibrant Villages Programme (VVP), reinforcing the Centre's commitment to ensuring "safe, secure, and vibrant" land borders. Addressing a press conference, Sitharaman explained that while the first phase of the programme focused on western border villages near Pakistan, the second phase targets villages along India's borders with Bangladesh, Myanmar, Tibet, China, Nepal, and others. As part of this programme, she said, t ...Read More >
On Wednesday, a special investigation team (SIT) was formed after the Meghalaya Police recovered the weapon in the suspected murder of Raja Raghuvanshi. Meghalaya Chief Minister Conrad Sangma on Thursday assured that justice would be served in the case of the Indore tourist who was murdered in Sohra, while rescue operations continue to locate his missing wife. He did not comment on calls for a CBI investigation, saying the inquiry is ongoing and thorough. Speaking to media persons, Sangma said, ...Read More >
HYDERABAD: Refuting the allegations of the Opposition BRS that the Congress government failed to stop the Andhra Pradesh government's proposed Godavari-Banakacherla project, Irrigation Minister N Uttam Kumar Reddy on Friday declared that "we are ready for any kind of fight" against AP's project. Speaking to reporters here, Uttam said that the state government has already written letters to Jal Shakti Minister CR Patil and Union Finance Minister Nirmala Sitharaman opposing the project. "After our representation, Union Minister CR Patil in a letter assured us that the G-B project will be exami ...Read More >
Chennai: Preliminary investigations attribute the fire on the goods train near Tiruvallur to a possible spark from overhead electrical equipment (OHE) igniting fuel leaking from a derailed wagon.The incident paralysed services on the busy Chennai-Arakkonam route and left nearby residents engulfed in thick black smoke. The disruption left thousands of rail passengers stranded, many of whom were unable to get updates as railway helplines went unanswered for hours. The train carrying diesel from Chennai Harbour to Walajah Road Siding was exiting Tiruvallur station around 5.30am on Sunday, when a ...Read More >
New Delhi [India], June 30 (ANI): States and Union Territories combined will raise about Rs 2.86 lakh crore from markets in the quarter July-September 2025, the Reserve Bank of India (RBI) has indicated. The expected market borrowing plans have been decided upon by the RBI after consulting with the State Governments/Union Territories. On July 1, Rs 18,100 crore is proposed to be borrowed - Andhra Pradesh (Rs 2,000 crore), Assam (Rs 900 crore), Gujarat (Rs 1,000 crore), Himachal Pradesh (Rs 1,200 crore), Kerala (Rs 2,000 crore), Maharashtra (Rs 6,000 crore), Rajasthan (Rs 500 crore), Tamil Na ...Read More >
SHILLONG, July 10: Union Finance Minister Nirmala Sitharaman on Thursday inaugurated Shillong's first modern shopping mall at Polo. A host of dignitaries, including Chief Minister Conrad K Sangma, Deputy Chief Minister Sniawbhalang Dhar, Health Minister Ampareen Lyngdoh, Chief Secretary DP Wahlang, Commissioner and Secretary, Vijay Kumar D, and Urban Affairs Director PK Boro, were present at the inauguration. The Polo shopping mall was developed under the Shillong Smart City project and constructed by Badri Rai Company at a cost of Rs 100.33 crore. The mall has a total built-up area of 1.70 ...Read More >
SHILLONG, July 12: Union Finance Minister Nirmala Sitharaman has lauded the progress made in Meghalaya's health sector, particularly highlighting the significant decline in the Maternal Mortality Rate as a strong indicator of real, on-ground transformation. During her visit to Laitkynsew village in East Khasi Hills, the Union minister interacted with women from Self-Help Groups (SHGs), Lakhpati Didis, and members of Farmer Producer Organisations (FPOs). She underscored the vital role that SHGs have played in driving grassroots change. Expressing deep appreciation for the Meghalaya government ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) The Finance Ministry has introduced a one-time, one-way switch option for Central Government employees under the Unified Pension Scheme (UPS) to shift to the National Pension System (NPS). According to an official notification, this facility is available to UPS subscribers up to one year before their superannuation or three months before voluntary retirement. Employees facing dismissal, removal, or disciplinary action will not be eligible. The Department of Expenditure (DoE) in the Ministry of Finance is likely to put out operational framework for implemen ...Read More >
Andhra Pradesh Chief Minister N. Chandrababu Naidu has appealed to the Union Government to come to the rescue of aqua farmers in the State, who are under severe distress due to the imposition of 50 per cent tariffs by the United States. He asked the Government to consider announcing a 240-day moratorium on loan and interest repayments, interest subsidies, and a temporary waiver of the 5 per cent GST on frozen shrimp. Calling for a national policy to protect the interests of aqua farmers, Naidu wanted the Government to take measures to increase domestic consumption of aqua products. In a let ...Read More >
New Delhi: The second match of the five-match Test series between India and England will be played at Edgbaston in Birmingham. It will start on July 2. In this Test, Shubman Gill has a chance to create history. Actually, the Indian team has not been able to win on this ground so far. Team India played the first match on this ground in 1967. Be it Virat Kohli or Dhoni or Dravid or Sourav Ganguly, no Indian captain has won here in 58 years. However, Gill will have a chance to get his name registered in the history books. If he manages to end the drought of 58 years, he will become the first Indi ...Read More >
Union Finance Minister Nirmala Sitharaman concluded her visit to Meghalaya by celebrating cultural heritage and infrastructure development. She praised Ramakrishna Mission's educational and women's empowerment efforts in Sohra, interacted with communities preserving ecological practices at Siej Village, and inaugurated development projects in Shillong, underscoring Meghalaya's commitment to sustainable progress. On the final day of her visit to Meghalaya, Union Finance Minister Nirmala Sitharama ...Read More >
New Delhi, Jul 17 (PTI) Delhi will receive Rs 600 crore from the Central government under a special assistance scheme for Union Territories, said an official statement on Thursday. Delhi Chief Minister Rekha Gupta said the funds will be used to accelerate development projects across the city, including initiatives for traffic management, drainage, green energy and waste management. Gupta met Union Finance Minister Nirmala Sitharaman and briefed about the progress of various ongoing schemes and future requirements, and highlighted how effective transformations are taking place in the capital ...Read More >
New Delhi [India], June 30 (ANI): States and Union Territories combined will raise about Rs 2.86 lakh crore from markets in the quarter July-September 2025, the Reserve Bank of India (RBI) has indicated. The expected market borrowing plans have been decided upon by the RBI after consulting with the State Governments/Union Territories. Also Read | '4 Years Since You Left Us, Miss You': Mandira Bedi Remembers Husband Raj Kaushal on His Death Anniversary. On July 1, Rs 18,100 crore is proposed to be borrowed - Andhra Pradesh (Rs 2,000 crore), Assam (Rs 900 crore), Gujarat (Rs 1,000 crore), Him ...Read More >
SHILLONG, July 10: The Meghalaya government is planning a development project worth Rs 39-49 crore along the Wah Umkhrah riverfront to transform it into a key tourist destination. Chief Minister Conrad K Sangma announced on Thursday that work for development of the riverfront has already been sanctioned and construction is currently under way. The project also includes upgrading the sports complex area at Polo and development of new infrastructure on adjacent land, he said. "We are in an advanced stage of discussions with shopkeepers to enhance and beautify the surrounding areas. For the fi ...Read More >
Shillong, Jul 12: Union Finance Minister Nirmala Sitharaman on Saturday emphasised the need to balance ecological preservation with developmental aspirations, particularly in states like Meghalaya. Speaking at an interactive session in Shillong, she acknowledged that the climate crisis has intensified to the extent that even the best meteorological tools struggle to predict weather patterns accurately. "Extreme weather events have become the norm. Flash floods and intense rains, which used to be spread across months, are now occurring in a single day, causing immense damage to people and pro ...Read More >
Shillong (Meghalaya) [India], July 12 (ANI): Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Saturday visited Laitkynsew Village, East Khasi Hills district and interacted with Women SHGs and Lakhpati Didis, and Farmer Producer Organisations (FPOs). During her visit, she expressed her deep appreciation for the Government of Meghalaya dedicated efforts in implementing Central and State schemes across the state. She emphasised the importance of inclusive development and grassroots empowerment to achieve the vision of Sabka Saath, Sabka Vikas. Meghalaya Minister for Agricultu ...Read More >