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: The Department of Posts (Financial Services Division), part of the Ministry of Communications has issued an order regarding Freezing of Small Savings Schemes accounts matured but not closed after 3 years. Department of Posts in an order issued on July 15 said that the order covers the following post office small savings schemes: 7. Public Provident Fund (PPF) (if not extended after maturity) "...it was decided to freeze matured accounts under the schemes MlS, SCSS, TD, KVP, NSC, RD, and PPF accounts (that are matured but not extended), which have not been closed even after three years since maturity. The designated freeze reason code for these accounts is 'INOP: lnoperative more than 3 years'," Department of Posts said in the order. DoP will carry out the freezing process twice in a year now. "To further enhance security of hard-earned money of depositors, it has now been decided that this freezing activity will be conducted twice a year as a continuous cycle," it added. The process of identification and freezing of such accounts will be completed within 15 days, commencing from 1't July and '1't January of each year. This means accounts that complete three years of maturity as on 30th June and 31st December every year, respectively, will be identified and frozen.
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 >
The minister said the new technology will "Enable real-time decision making, boost e-commerce reach, cut operational costs through automation and deliver citizen-first, mobile-ready services anywhere-anytime. The India Post has rolled out Rs 5,800-crore Advanced Postal Technology across the country that will transform it into world-class public logistics organization by enabling mobile-ready services and real time decision making, Union Minister Jyotiraditya Scindia said on Tuesday. The Advance ...Read More >
New Delhi, Mar 30 (PTI) The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the eighth straight quarter, beginning April 1, 2026. "The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending on June 30, 2026, shall remain unchanged from those notified for the fourth quarter (January 1, 2026 to March 31, 2026) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi Scheme will attract an inte ...Read More >
New Delhi, Sep 30 (PTI) The government on Tuesday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the seventh straight quarter beginning October 1, 2025. "The rates of interest on various Small Savings Schemes for the third quarter of FY 2025-26, starting from 1st October, 2025 and ending on 31st December, 2025 shall remain unchanged from those notified for the second quarter (1st July, 2025 to 30th September, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi Scheme will ...Read More >
New Delhi, Jun 30 (PTI) The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the sixth straight quarter beginning July 1, 2025. "The rates of interest on various Small Savings Schemes for the second quarter of FY 2025-26 starting from 1st July, 2025 and ending on 30th September, 2025 shall remain unchanged from those notified for the first quarter (1st April, 2025 to 30th June, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi scheme will attract an i ...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 >
New Delhi [India], July 19 (ANI): The Department of Posts is proud to announce the rollout of the next-generation APT application, marking a major leap forward in our journey towards digital excellence and nation-building. As part of this transformative initiative, the upgraded system will be implemented at the Post Offices in Delhi on July 21. According to a release, Ministry of Communications the name of post offices are Aliganj, Amar Colony, Andrewsganj, C G O Complex, Dargah Sharif, Defence Colony, District Court Complex Saket, East Of Kailash Phase I, East Of Kailash, Gautam Nagar, Golf ...Read More >
Forever News New Delhi: The Department of Posts, Ministry of Communications, today announced a revision in the tariff structure for Inland Speed Post (documents), along with the introduction of new value-added features designed to enhance customer convenience, security, and reliability. The revised tariff will take effect from October 1, 2025, as per Gazette Notification No. 4256 dated 25.09.2025. Launched on August 1, 1986, Speed Post was a landmark initiative in India Post's modernization journey, offering time-bound and dependable delivery of letters and parcels. Over the years, Speed Pos ...Read More >
In preparation for the rollout of the next-generation Advance Postal Technology (APT) application, postoffices across Telangana will remain closed for public transactions on July 21. This temporary suspension of services is necessary to facilitate a seamless transition to the new digital platform. The Department of Posts has announced that the upgraded APT system will be implemented across all postoffices in Telangana on July 22, except for postoffices in Rangareddy, Nalgonda, and Yadadri-Bhongi ...Read More >
New Delhi [India], July 19 (ANI): The Department of Posts is proud to announce the rollout of the next-generation APT application, marking a major leap forward in our journey towards digital excellence and nation-building. As part of this transformative initiative, the upgraded system will be implemented at the Post Offices in Delhi on July 21. According to a release, Ministry of Communications the name of post offices are Aliganj, Amar Colony, Andrewsganj, C G O Complex, Dargah Sharif, Defence Colony, District Court Complex Saket, East Of Kailash Phase I, East Of Kailash, Gautam Nagar, Golf ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
Hyderabad: The Centre on Monday left interest rates unchanged for various small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate, for the sixth straight quarter beginning July 1, 2025. "The rates of interest on various Small Savings Schemes for the second quarter of FY 2025-26 starting from 1st July, 2025 and ending on 30th September, 2025 shall remain unchanged from those notified for the first quarter (1st April, 2025 to 30th June, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Sa ...Read More >
Mysore/Mysuru: The decades-old Registered Post service of the Postal Department is poised to enter the pages of history, with the Union Ministry of Communications -- the authority overseeing Telecommunications and Postal Services in India -- officially discontinuing the service effective Sept. 1. This decision marks the end of an era for a service that has been integral to secure postal communication for decades. The Ministry has announced that the Registered Post facility will now be merged with the Department's Speed Post service, in what is described as a move to streamline postal operatio ...Read More >
New Delhi: Today marks the end of the financial years 2025 and 2026. It was anticipated that there would be some significant changes to the interest rates offered on small savings schemes this time around; however,this did not materialise. The Ministry of Finance has kept the interest rates for small savings schemes unchanged for the quarter commencing April 1,2026. In other words,no modifications of any kind have been made. This decision brings relief to investors participating in schemes such as the PPF,NSC,SSY,and Post Office Deposits. According to a report,the Central Government has refra ...Read More >
Mumbai: The Parcel Directorate, Department of Posts (DoP), Ministry of Communications, Government of India, has signed a strategic Memorandum of Understanding (MoU) with the Indian Institute of Packaging (IIP), an autonomous body under the Ministry of Commerce and Industry, to promote sustainable packaging practices and strengthen efficiency in postal services. The MoU was signed at the Office of the Chief Postmaster General, Maharashtra Circle, Mumbai, by Dr. Sudhir Jakhere, IPoS, Assistant Postmaster General (Business Development & Marketing), Maharashtra Circle, and Dr. Babu Rao Guduri, Ad ...Read More >
JAMMU, July 5: The solemn and spiritual Ashoor Muharram procession was taken out today from Newplot, Jammu, under the management of Anjuman-e-Haidary Newplot, in remembrance of the supreme sacrifice of Imam Hussain and the martyrs of Karbala. With great devotion and discipline, the procession reached Pir Mitha, where it was received and joined by the members of Anjuman-e-Imamia Jammu. The mourning procession concluded at Karbala, Wazarat Road, Jammu. The procession strictly followed the registered routes allotted by the Government and Administration, demonstrating unity, order, and respect f ...Read More >
Dr. Mujahid Gilani (Senior Kashmiri Leader): Long before 14 August 1947, people of Jammu and Kashmir had voted in favour of Pakistan even before the division of Sub-Continent. They gave their decision over vehemently to become to join Pakistan as its Muslim majority province. In the backdrop of global situation, we must realize that people of Jammu and Kashmir are struggling for maintaining their lives. Their ratio of population in Jammu and Kashmir which was over 98 % in 1947 has been reduced and it is around 69%. The world has promised to Kashmiris to resolve Kashmir dispute through right to ...Read More >
HYDERABAD: State BJP president N Ramchander Rao on Thursday slammed the Congress government and Chief Minister A Revanth Reddy for failing to address farmers' issues despite completing 19 months in office. Speaking at the Kisan Morcha state office-bearers' meeting at the BJP headquarters in Hyderabad, he accused the state government of neglecting farmers due to its skewed policies. He urged party workers to collaborate with the Kisan Morcha to highlight farmers' grievances and counter the Congress' "anti-farmer" stance. He directed the Morcha members to launch agitations, gather grassroots- ...Read More >
India Post is set to introduce a new guarantee-based delivery service for mails and parcels, offering customers assured timelines of 24 and 48 hours, Union Communications Minister Jyotiraditya Scindia announced on Friday. Aimed at enhancing the efficiency and reliability of postal services across the country, the initiative will see 24-hour and 48-hour delivery options for mails and next-day delivery for parcels, starting January-2026. The move is part of India Post's broader strategy to modern ...Read More >
Mumbai: In a shocking incident from the Chhatrapati Shivaji Maharaj Terminus (CSMT) area, a case of ATM card cloning and fraudulent withdrawals totaling Rs.1.19 lakh has surfaced from the ATM kiosk situated inside Mumbai's General Post Office (GPO). The MRA Marg police have registered an FIR against an unknown individual based on a complaint filed by a GPO official and launched a probe. According to MRA Marg Police, Vitthal Govindrao Pallewad (40), an officer with the GPO in Complaint and Investigation Department, reported that between 2020 and 2021, several fraudulent transactions were ident ...Read More >
New Delhi [India], October 21 (ANI): The Ministry of Tourism in association with its India Tourism Offices, Institutes of Hotel Management (IHMs), Indian Institute of Tourism and Travel Management (IITTM), India Tourism Development Corporation (ITDC), and Programme Divisions is actively participating in the Special Campaign for Disposal of Pending Matters (SCDPM) 5.0, as per an official release. The Ministry has identified a total of 6,429 targets and uploaded them to the SCDPM Portal for the Sp ...Read More >
New Delhi: India will become the logistics powerhouse globally by 2030, said Union Minister of Communications Jyotiraditya Scindia on Thursday. Scindia said India Post will have a central role in this journey, estimating that the public sector body's revenue will grow by 18-20% in FY27, from nearly ₹13,000 crore in FY26. Also Read: Executives meet Jyotiraditya Scindia as Starlink awaits India nod "We are moving now towards becoming a logistics powerhouse, not only of India, but hopefully by ...Read More >
Bengaluru (Karnataka) [India], December 17 (ANI): India Post unveiled Karnataka's first Gen Z-themed post office at Acharya Institute of Technology in Bengaluru, marking a significant step towards engaging the younger generation and reimagining the role of post offices in the digital age. The Gen Z Post Office aims to serve as a social and functional space where young people can access postal services while spending time with friends. Also Read | TV Actor Anuj Sachdeva Says He Feels 'Very Unsafe Even in His Own Society' After Brutal Assault Over Parking Dispute; Culprit Still at Large Despit ...Read More >
NEW DELHI, Oct 14 (Reuters) - India will resume all postal services to the United States from Wednesday after putting in place systems to collect duties upfront, the Department of Posts said, ending a nearly two-month suspension triggered by new U.S. import regulations. Postal shipments to the United States were halted in August after the U.S. administration issued an executive order suspending the "de minimis" exemption that had allowed low-value commercial shipments to enter the country withou ...Read More >
New Delhi: Imagine if your home address was as smart as your smartphone. In a big push to modernise India's age-old postal system, the government has introduced DIGIPIN -- a new digital address system that aims to replace traditional PIN codes. Launched by the Department of Posts, DIGIPIN uses a unique 10-digit code to precisely identify the exact location of a property, making deliveries, navigation, and verification simpler and smarter than ever before. DIGIPIN stands for Digital Postal Index Number. It's a unique 10-digit code that gives the exact location of a property -- unlike tradition ...Read More >
New Delhi, Apr 2 (PTI) Minister of Communications Jyotiraditya Scindia on Thursday issued a one-week deadline to the Department of Posts for integrating its pension services with the telecom department's 'SAMPANN' portal. Speaking at an event in the national capital, Scindia directed top officials from both departments to end ongoing discussions and finalise the integration immediately. "Why is it that the postal department is not using the Sampann portal? I want (officials) to meet straight after this function," Scindia said. Noting that internal discussions have been dragging on, he added ...Read More >