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.
Chandigarh, July 17 (SocialNews.XYZ) A round table with industry associations from across Punjab was held on Thursday here, with state Industry Minister Sanjeev Arora and Finance Minister Harpal Cheema with the main demand to revamp all focal points and industrial zones. At the outset, the industry representatives expressed gratitude to the Punjab government for announcing the long-pending one-time settlement policy, allowing resolution of litigated industrial plot dues in focal points by paying eight per cent interest penalty. Various critical issues affecting industry were raised, including the urgent need to revamp all focal points and industrial zones, capping high mortgage and hypothecation fees for industrial loans, reduction of GST on bicycles from 12 to five per cent, rationalisation of wheeling charges for solar power transmission, provision of dry port container facilities for rice exporters in Amritsar and expediting the development of convention centres in Amritsar, Mohali, and Ludhiana. Minister Arora assured industry leaders that these matters will be taken up on priority and responded to within a time-bound period of 45 days. His Cabinet colleague Cheema assured that the issue of lowering GST on bicycles would be raised in the next GST Council meeting. He also committed to reviewing the discontinuation of the 2.5 per cent fiscal incentive withdrawn by the previous state government in 2018. Aam Aadmi Party Rajya Sabha MP, Vikramjit Singh Sahney, urged the need to expedite infrastructure development in the Rajpura Industrial Zone and invited industrialists to set up their units there. He also highlighted that Punjab offers one of the lowest power tariffs for industry in the country. Meanwhile, Industry Minister Arora said the state government would be bringing a new industrial policy, the best in India, that will pave the way for providing a progressive climate for industrial growth and employment generation in Punjab. He noted that the policy would be designed after extensive consultation with various industries. As a first step, the state government is ready to notify the sector-specific committees to allow for a structured and collaborative engagement between industry and the government. These committees will function for two years from the date of notification, extendable upon the discretion of the government, the Minister added.
Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Prof Prakash Antahal, Chief Proctor, said that the University had been planning for a long time to implement this Green Campus initiative. However, the decision was delayed due to non-availability of a designated parking slot. Now that the parking facility is ready, the University has taken this decisive ...Read More >
NEW DELHI: Delhi chief minister Atishi on Thursday described Aam Admi Party national convenor Arvind Kejriwal as a prominent leader and said he is the first leader who understood the pain of women. "Arvind Kejriwal, the prominent leader, is the first leader in the history of this country who understood the pain of women. The biggest concern for women is that they have to stretch out their hands before a man even for their humble needs. In childhood, it is before their parents, before their spous ...Read More >
NEW DELHI: Delhi chief minister Atishi on Thursday described Aam Admi Party national convenor Arvind Kejriwal as a prominent leader and said he is the first leader who understood the pain of women. "Arvind Kejriwal, the prominent leader, is the first leader in the history of this country who understood the pain of women. The biggest concern for women is that they have to stretch out their hands before a man even for their humble needs. In childhood, it is before their parents, before their spouses when they grow up and in old age, before their children," CM Atishi told ANI. "To fulfil this n ...Read More >
New Delhi: Arvind Kejriwal, Aam Aadmi Party (AAP) supremo on Wednesday announced "free medical treatment for senior citizens above 60 years" under the 'Sanjeevani Yojana' if the party wins the upcoming Delhi elections due in February 2025. In a post on X, Kejriwal said, "The elders of Delhi have always considered me as their son. Today I am going to fulfill my duty. If AAP wins, all citizens above 60 years of age in Delhi will get free treatment under Sanjeevani Yojana. Whether the hospital is government or private, whatever be the cost of treatment, now the complete treatment of the elderly ...Read More >
Guwahati, Jan 17 (VOICE) Chief Minister Himanta Biswa Sarma on Friday launched a mobile application for the upcoming investor summit 'Advantage Assam' in the state. He has also reviewed the progress of preparations for this ambitious initiative of the state government. "The Advantage Assam app is available for different platforms," the Chief Minister said. He has encouraged people to install this mobile application to know more about the upcoming event. Meanwhile, minister Pijush Hazarika said that the biggest investors' and infrastructure summit of North East #AdvantageAssam2.0 is schedul ...Read More >
New Delhi [India], January 31 (ANI): Bharatiya Janata Party (BJP) candidate Parvesh Verma on Friday filed a complaint with ACB against Aam Aadmi Party leader and former Delhi Chief Minister Arvind Kejriwal, alleging corruption concerning Delhi Sports University (DSU). Verma, who is contesting Delhi polls from the New Delhi seat against Kejriwal, in his complaint alleged "corrupt misappropriation of public funds" through "the abuse of official positions to gain wrongful benefits". The complaint has been filed with the Anti-Corruption Branch (ACB) of the Delhi government. Verma's advocate, Vi ...Read More >
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh," the CMO's post said. The ...Read More >
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interban ...Read More >
Bhubaneswar: Opposition BJD and Congress MLAs Tuesday staged a walkout from the Odisha assembly, accusing the ruling BJP of failing to control prices of essential commodities and resolve the potato crisis in the state. The issues were debated in the House over the admissibility of an adjournment motion moved by the Opposition on price rise of vegetables, pulses, edible oil and fuel. The opposition members took exception to comments made by Food Supplies and Consumer Welfare Minister K C Patra that adverse climate conditions, rates in international and domestic markets, and less production by ...Read More >
Assam Beef Ban: A political row has erupted over the Assam government's decision to ban the public consumption of beef in the state with the Opposition labelling it "against the right to freedom" while the ruling BJP lauding the state Cabinet's call. Assam Chief Minister Himanta Biswa Sarma had announced on Wednesday that his government has decided to ban the consumption of beef in restaurants, hotels and public places, drawing sharp reactions from the Opposition. Samajwadi Party MP Iqra Hasan ...Read More >
New Delhi: The CAG report, which Aam Aadmi Party leaders are denying as false, was indeed accepted as true by the Delhi government lawyer in the High Court when he blamed the LG office for leaking it to the public. Justice Sachin Datta of the Delhi High Court, who was hearing a petition by the BJP MLAs, said the government should have promptly placed the CAG reports before the house for discussion. "The way you dragged your feet raises doubts about your bonafides. You should have promptly forwarded the reports to the speaker," Justice Datta said, "and had a discussion in the house. The timel ...Read More >
Prayagraj (Uttar Pradesh) [India], February 7 (ANI): Bihar Governor Arif Mohammed Khan arrived at the Mahakumbh in Prayagraj on Friday and said that the 'Sanatana' culture embodies the oneness of being and that all the differences dissolve in it. Speaking to the media here, Arif Khan highlighted the Indian culture of seeing divinity in humanity, asserting that "manav" (humans) are a reflection of "Madhav" (God). Khan also noted that India's heritage, values, and ideals continue to be celebrated at the Mahakumbh, fostering unity among people beyond personal familiarity. "We should always not ...Read More >
Bengaluru (Karnataka) [India], May 27 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Tuesday said that the State government will take action against BJP MLC N Ravikumar for his derogatory comments against Kalaburagi Deputy Commissioner. Shivakumar said that many IAS officers had met him on this issue, and they were all enraged by the BJP MLC's comments. 'Since morning, more than half a dozen IAS officers have met me. They are all in a very agitated mood. The law will take its course. The government will take action,' Shivakumar told ANI. He wanted the BJP leadership to react to the ...Read More >
New Delhi: The vandalism of B R Ambedkar's statue has put the Aam Aadmi Party (AAP) and Punjab government under severe criticism. The incident saw a 33-foot statue of Ambedkar in Amritsar being defaced in daylight, using a hammer, on January 26, Republic Day, near a police station. This act of disrespect sparked a fierce backlash from political parties especially with the onset of the upcoming Delhi assembly polls. The BJP has fiercely criticized AAP leader Arvind Kejriwal, accusing him of showing disdain towards the Dalit community. BJP's Sambit Patra described the incident as "gut-wrenchin ...Read More >
New Delhi: With the Congress-AAP ties blighted by the Delhi Assembly poll debacle, Aam Aadmi Party's senior leader Sanjay Singh on Monday said that AAP's top leadership will take a call on the issue of continuing in the INDIA bloc. "The party leadership will take the call. No decision has been made so far," Singh, a Rajya Sabha MP, told India Today when asked if the AAP will remain a part of the INDIA bloc. Amid claims that the AAP-Congress bickering benefited the BJP in Delhi, unity and cohesiveness were the watchwords from many INDIA bloc leaders on Monday even as the Congress said that th ...Read More >
The Sena UBT chief spokesperson was reacting to Rashtriya Janata Dal chief Lalu Prasad's comment that West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee should be allowed to lead the INDIA bloc. Sena (UBT) Rajya Sabha MP Sanjay Raut on Tuesday said that his party was open to discuss if someone outside of the Congress party should lead the Opposition INDIA bloc. Speaking in New Delhi Delhi, Raut said that all the constituents of the INDIA bloc are willing to have a discuss ...Read More >
New Delhi: Delhi government cabinet on Thursday gave its nod to the cash assistance scheme for women, Mukhyamantri Mahila Samman Yojana, ahead of the Delhi Assembly Elections scheduled for next year. The announcement was made by the Aam Aadmi Party (AAP) chief, Arvind Kejriwal, in the presence of Chief Minister Atishi and other women legislators. The scheme was part of the Delhi government budget for the 2024-25 fiscal year. It had a proposed allocation of Rs 2,000 crore and was proposed by Kejriwal early this year. "This scheme is for empowering women and addressing their financial needs. W ...Read More >
New Delhi [India], January 27 (ANI): Delhi Police detained BJP workers and leaders who were protesting against AAP national convener Arvind Kejriwal and the Punjab Government regarding the vandalism of a statue of Babasaheb Ambedkar in Amritsar on Monday. The Delhi BJP, led by party chief Virendra Sachdeva, MP Yogender Chandolia, and national general secretary Dushyant Kumar Gautam, protested against AAP national convener Arvind Kejriwal and the Punjab Government. This demonstration was in response to the vandalism of a statue of Babasaheb Ambedkar in Amritsar. Also Read | Maha Kumbh Mela 20 ...Read More >
Agartala, Jan 31 (VOICE) Tripura has 73 per cent reserve forest cover and absorb huge carbon from the atmosphere, Tripura Chief Minister Manik Saha said, adding that keeping this in mind, the state government has sought 20 per cent devolution of taxes in the forests and ecology category to the 16th Finance Commission, which is now visiting the state.The 16th Finance Commission headed by its Chairman Arvind Panagariya arrived in Tripura on Wednesday on a four-day visit to the state and held a series of meetings with the Tripura council of ministers headed by the Chief Minister. The Commission ...Read More >
New Delhi: Rajya Sabha MP Swati Maliwal with women from purvanchal stages a protest against AAP convenor Arvind Kejriwal in New Delhi, Monday, Feb. 3, 2025.Source : PTI Delhi Police on Monday detained Rajya Sabha MP Swati Maliwal as she protested outside Aam Aadmi Party (AAP) national convenor Arvind Kejriwal's residence over the government's failure to clean the Yamuna River. Maliwal, accompanied by a group of women from Purvanchal, carried water collected from the Yamuna to Kejriwal's residence, accusing him of neglecting the river's worsening condition. Speaking to news agency ANI, she re ...Read More >
Ranchi, Dec 12 (PTI)The Jharkhand Assembly on Thursday passed the second supplementary budget of Rs 11,697.45 crore for the 2024-25 fiscal. After this, the four-day session of the assembly was adjourned sine die by Speaker Rabindra Nath Mahato. Finance Minister Radhakrishna Kishore tabled the second supplementary budget, allocating a maximum outlay of Rs 6,390.55 crore to the women, child development and social security department to boost the government's flagship scheme Maiyan Samman Yojana. Under this scheme, the state government initially provided Rs 1,000 per month to women between the ...Read More >
Punjab farmer leader Jagjit Singh Dallewal's hunger strike enters its 17th day. His health is critical. The Supreme Court urges dialogue between the government and Dallewal. Dallewal demands MSP guarantee and other farmer-centric issues. He has written an open letter to the Prime Minister. Farmers' organizations continue their protests at the Punjab-Haryana border.The Supreme Court on Friday expressed serious concern over the deteriorating health of Punjab farmer leader Jagjit Singh Dallewal, who ...Read More >
New Delhi [India], February 7 (ANI): Around 30 Bihar MPs from BJP, JD(U), and other parties of NDA met Prime Minister Narendra Modi in Parliament on Friday. The MPs felicitated the Prime Minister for the Budget announcements for their state. With Assembly elections scheduled for November this year, Bihar received significant attention in the Budget. Finance Minister Sitharaman announced the expansion of Patna Airport, the establishment of four new greenfield airports, and the construction of a brownfield airport at Bihta. Notably, Bihar was mentioned multiple times in Sitharaman's Budget spe ...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 >
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 >
Bhopal: The Gita recitation programme by the Madhya Pradesh government has found a place in the Guinness World Records. "More than 7,200 'acharyas' and 'vatuks' collectively recited the third chapter 'Karma Yoga' on Wednesday, making a record," a statement issued by the government said. The event was parallely organised at Bhopal's Lal Parade Ground and Ujjain to mark the sacred occasion of Gita Jayanti. Chief Minister Mohan Yadav said that the collective recitation of the Gita by thousands of Acharyas in Bhopal and Ujjain has been registered in the 'Guinness Book of World Records'. He con ...Read More >
Mumbai, Jan 10 (PTI) Shiv Sena (UBT) leader Sanjay Raut on Friday said it was the responsibility of the Congress to keep the INDIA bloc intact as it was the largest party in the opposition alliance. Raut's statement came in the backdrop of Jammu and Kashmir Chief Minister Omar Abdullah's remarks expressing dismay over the lack of clarity on INDIA bloc leadership and agenda, and saying the alliance should be wound up if it was meant only for the 2024 parliamentary elections. "If the alliance partners feel the INDIA bloc was only for the Lok Sabha polls and doesn't exist now, the Congress is t ...Read More >
Baghpat (Uttar Pradesh) [India], January 28 (ANI): Union Minister Arjun Ram Meghwal has sought AAP convener Arvind Kejriwal's apology from the nation after BR Ambedkar's statue was vandalised in Punjab's Amritsar on January 26. A youth has vandalised the life-size statue of Ambedkar in Amritsar by climbing atop it and striking it with a hammer on Republic Day on Sunday. A video clip purportedly of the incident also went viral on social media. Also Read | Maha Kumbh Mela 2025: A Day Before Mauni Amavasya Amrit Snan, 5 Crore Devotees Take Holy Dip in Triveni Sangam on January 28, Total Pilgrim ...Read More >
New Delhi, Jan 31 (PTI) Prime Minister Narendra Modi Friday launched a sharp attack on the Aam Aadmi Party, accusing it of stalling Delhi's development while treating the city as its "political ATM" to fund its ambitions in other states and using the "looted" money for its own publicity. Addressing a public rally in Dwarka here, he urged people to vote for the BJP in the Assembly polls and allow him to serve them. Modi stressed that Delhi does not need a confrontational government but one that works in coordination with the Centre. The prime minister urged voters to elect a "double-engine go ...Read More >
Chandigarh, Dec 11 (PTI) Farmer leader from Punjab Jagjit Singh Dallewal's fast unto death at the Khanauri border point to press the Centre to accept farmers' demands, including a legal guarantee on the MSP for crops, entered the 16th day on Wednesday. Farmers on Wednesday held prayers for the success of their agitation going on at the Shambhu and Khanauri border points between Punjab and Haryana in support of their various demands and for the good health of Dallewal. Farmers under the banner of Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha (KMM) have been camping at Shambhu ...Read More >