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 [India], September 3 (ANI): The All India LPG Distributors Federation has appealed Finance Minister Nirmala Sitharaman to reduce the Goods and Services Tax (GST) on LPG Suraksha Hoses (LPG pipes) from 18 per cent to 5 per cent. In the run up to the two-day GST Council meeting that started today, the Federation had written to the Union minister Also Read | Tamil Nadu Power Cut on September 4: TANGEDCO Maintenance to Hit Chennai Along With Parts of Thanjavur and Coimbatore; Know Timings and List of Affected Areas. In the letter, the Federation had stressed that the LPG Suraksha Hose is not a luxury product but a mandatory safety component essential for transporting gas safely from cylinders to stoves. "As LPG is already under essential commodities and distributed under subsidy schemes to millions of families, imposing such a high GST on a safety accessory is contradictory to the government's vision of "Ujjwala se Suraksha"," the letter read. Also Read | Punjab Floods: 5,500 Civilians, 300 Paramilitary Personnel Rescued by Army Amid Heavy Rainfall in State; 27 Tonnes of Essential Supplies Delivered (Watch Videos). Since August 2015, every household using LPG is required to replace these hoses periodically as per Oil Marketing Companies (OMCs) and Petroleum and Explosives Safety Organization (PESO) guidelines. Currently, the 18 per cent GST rate makes these safety hoses costly for many families, especially economically weaker households, rural consumers, and beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY), they argued. According to the Federation's President Chandra Prakash, lowering the GST to 5 per cent would not reduce tax revenue instead, it could increase it, as more consumers would purchase authorized BIS-approved hoses rather than cheaper, unsafe alternatives from the open market. "We assured you that total GST on Suraksha hose will also increase because now a days majority consumers purchasing substandard LPG pipe-Suraksha Hose from open unauthorized market hence loss of GST revenue. We assured yourself that LPG user will buy from oil companies authorized channels partners if GST reduces to 5 per cent instead of 18 per cent," the letter read. "This small fiscal step will have a large social impact by strengthening household safety and supporting the government's vision of Har Ghar Surakshit LPG," Prakash said in the letter. The two-day meeting, being held on September 3 and 4, is expected to bring significant changes to India's indirect tax structure, with discussions centred around rationalising and reducing the number of GST slabs. In the Independence Day speech from the ramparts of the Red Fort this year, Prime Minister Narendra Modi announced upcoming next-gen GST reforms before Diwali so as to benefit consumers, small industries and MSMEs. (ANI) (The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)
Gwalior (Madhya Pradesh): The police have identified one of the suspects involved in the ₹5 lakh robbery from PHE contractor Vinay Anand in Gwalior. The suspect, Manish Yadav, a resident of Katihar, Bihar, was captured in CCTV footage and traced to Agra, Uttar Pradesh. Watch the CCTV clip below :- Authorities are now working with local police in Agra to locate and apprehend him. The Crime Branch has been conducting raids in Bihar to locate the gang members. As, it has also been revealed that the same gang was involved in a similar robbery in Dewas, Madhya Pradesh. The incident According ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): BJP leader Devendra Fadnavis, Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met Governor CP Radhakrishnan to stake claim to form the Mahayuti government. BJP's Central Observers for the state, Union Minister Nirmala Sitharaman and Vijay Rupani were also present at the meet. Also Read | Stock Market Today: Indian Stock Market Ends in Green, All Eyes on RBI's MPC Decision on Repo Rate. Fadnavis is scheduled to take oath as the Chief Minister on December 5 after being unanimously chosen as Leader of Maharashtra BJP Legislati ...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 >
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 >
Traffic Diversions for oath-taking: The swearing-in ceremony of the new Maharashtra Chief Minister will be held at Azad Maidan in South Mumbai tomorrow, December 5. Mumbai Traffic Police has issued an advisory in view of the event. The traffic diversions will remain in place from 12 PM tomorrow till the end of the programme. Devendra Fadnavis was on Wednesday unanimously elected as Maharashtra BJP legislature party's leader, paving the way for his swearing-in as the chief minister for a third time. Prime Minister Narendra Modi and other BJP leaders are set to attend the grand swearing-in cerem ...Read More >
Hyderabad, December 4: After an earthquake of 5.3 magnitude hit the Mulugu district of Telangana on Wednesday morning, Dr Prakash Kumar, Director of CSIR-NGRI said that the state capital is generally considered as a stable and low-risk area for seismic activity, making an earthquake of this magnitude rare for the region. The official said that since Hyderabad is not in a major seismic zone, such an event may not pose immediate cause for alarm, but it is still valuable to monitor the scientific background behind it. Earthquake in Telangana: Quake of Magnitude 5.3 on Richter Scale Hits Mulugu, ...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 >
New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >
Given the strong subscription response, Ganesh Infraworld's latest GMP stands at Rs 73, indicating an upside potential of 88% above the upper price band.The SME initial public offering (IPO) of Ganesh Infraworld received a strong response from investors with an overall subscription of 103.2 times by 12:19 pm on the final day of the bidding process. The IPO will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, and list the shares on the NSE SME platform. The net proceeds from the public offer will be used for ...Read More >
NEW DELHI: Prime Minister Narendra Modi's home state, Gujarat, has achieved remarkable success in implementing the PM Surya Ghar Muft Bijli Yojana, a flagship initiative aimed at promoting rooftop solar installations for residential users. Informing the Rajya Sabha on Tuesday, Union Minister for New and Renewable Energy and Power, Shripad Naik, stated that Gujarat has recorded the highest number of solar rooftop installations, followed by Maharashtra and Uttar Pradesh. The minister further revealed that a total of 1.45 crore registrations have been recorded across the country under the PM Su ...Read More >
Chief Minister Mohan Yadav has expressed his gratitude to Prime Minister Modi and the Union Cabinet for approving 3 multitracking projects of the Railway Ministry worth Rs 7 thousand 927 crore. Chief Minister Yadav said that the state is making rapid progress under the able leadership of Prime Minister Modi, due to the increasing network of railways in the state, and transportation for the people of the state has also become fast and easier. The people of the state are grateful to Prime Minister Narendra Modi and Railway Minister Ashwini Vaishnaw for the continuous new developments and contri ...Read More >
Bhubaneswar (Odisha) [India], December 3 (ANI): Producer Ektaa R Kapoor on Tuesday met with Odisha Chief Minister Charan Majhi in Bhubaneshwar. Visuals from the meeting surfaced online in which CM Mohan Charan Majhi and Ektaa could be seen exchanging warm pleasantries. Also Read | 'The Sabarmati Report': Union Home Minister Amit Shah Praises Vikrant Massey Starrer for Revealing the Truth Behind Godhra (View Post). Ektaa also visited Lingaraja Temple and offered prayers there. Notably, on Monday, Ektaa along with the team of 'The Sabarmati Report' attended a special screening of the film wi ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nominations. Another sweeping change relates to redefining 'substantial interest' for directors ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): Bharatiya Janata Pary (BJP) leader Devendra Fadnavis said on Wednesday that Maharashtra Governor CP Radhakrishnan has invited the Mahayuti alliance to form the next government and the oath taking ceremony will take place tomorrow. Fadnavis said the Mahayuti leaders met the Governor and handed over letters of support. Also Read | Why Is Maharashtra Assembly Winter Session Held in Nagpur? Know History and Reason Behind Nagpur Being State's Winter Capital. Fadnavis along with Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >
Bhubaneswar: Prime Minister Narendra Modi is scheduled to visit Odisha for three days, from November 29 to December 1, to attend the annual Director General of Police (DGP) conference in Bhubaneswar. Union home minister Amit Shah will accompany him at the event, which will be held at the convention hall of Odisha Lok Seva Bhawan (State Secretariat). PM Modi and Shah are expected to arrive in Bhubaneswar on Friday afternoon. Elaborate security arrangements have been made for the high-profile visit, with the city placed on high alert. Areas surrounding the event venues have been declared 'no-f ...Read More >
New Delhi [India], November 19 (ANI): Special measures, including the use of water sprinklers, have been implemented at the Delhi Zoo to combat air pollution and ensure that wild animals are not adversely affected. The Director of the National Zoological Park, Dr. Sanjeet Kumar, on Monday, highlighted the challenges faced by zoo management during winter. Speaking to ANI, Dr. Kumar said, "As soon as the winter season begins, the zoo management faces two challenges. First, the pollution levels rise after Diwali, and second, the onset of winter... The area around the zoo is very green, and loca ...Read More >
New Delhi [India], December 3 (ANI): Congress MP Priyanka Gandhi Vadra on Tuesday expressed her sorrow over the havoc wreaked by Cyclone Fengal in south India including Tamil Nadu and Puducherry. Offering her condolences to those who lost their loved ones, Vadra appealed to the Congress workers to work with the administration in relief work amid the crisis. "Deeply saddened by the devastation caused by Cyclone Fengal in Tamil Nadu and Puducherry. My prayers are with those who have lost loved ones and those facing immense loss and hardship. I appeal to all Congress workers to join hands with ...Read More >
New Delhi [India], December 3 (ANI): The Delhi High Court has issued a notice in response to a Public Interest Litigation (PIL) challenging the alleged unlawful construction of Urban Extension Road II through the village pond land in Goyla Khurd, located in the Southwest District of Delhi. The construction, which took place between 2018 and 2024, is visible in Google satellite images and raises concerns about the loss of natural resources crucial for environmental sustainability, especially as the city grapples with pollution, heatwaves, groundwater depletion, and climate change, plea stated ...Read More >
Hyderabad: Undeterred by the backlash over land acquisition for his Pharma Village project in Lagacherla, Telangana Chief Minister A Revanth Reddy has unveiled plans for another ambitious project -- the "Future City." He aims to acquire 30,000 acres of land to establish a world-class urban development that he claims will rival global cities like New York, Tokyo, and Singapore. Speaking at the MAUD Vijayotsavalu on Monday, Reddy revealed that 15,000 acres of land had already been identified in Mucherla, Begarikancha, and neighboring areas. He proposed using an additional 15,000 acres of forest ...Read More >
New Delhi [India], December 4 (ANI): Shiromani Akali Dal (SAD) leader Naresh Gujral dubbed the attack on party leader and former Chief Minister Sukhbir Singh Badal as an "attack by extremists on the moderate forces of Punjab" and called for a probe by the National Investigation Agency (NIA) into the matter. Speaking to ANI on Wednesday, the SAD leader also alleged that the attacker has 'Khalistani connections,' and that the incident was an attempt to "destabilise" Punjab. Also Read | Banda Road Accident: 12-Year-Old Among 3 Killed As Unidentified Vehicle Hits Auto-Rickshaw in Uttar Pradesh. ...Read More >
Agartala (Tripura) [India], December 4 (ANI): In light of the ongoing unrest and volatility in Bangladesh, the Border Security Force (BSF) has heightened security measures along the Indo-Bangla border. The precautionary step comes as a response to the recent escalation in tension following incidents of violence and instability in Bangladesh. Also Read | Naresh Balyan in Trouble: Delhi Police Seeks Arrest of AAP MLA in Fresh Case, Moves Court. The situation was further aggravated by an incident on December 2 at the office of the Bangladesh Assistant High Commission in Agartala, which has int ...Read More >
New Delhi, Dec 4 (PTI) Aviation watchdog DGCA will soon come out with streamlined regulations for wet-leasing of planes by Indian airlines that will also entail enhanced oversight of the aircraft, amid airlines looking to operate more planes to meet rising travel demand. With persisting supply chain woes, there is a delay in aircraft deliveries and to meet the near-term needs, carriers are opting for planes on dry and wet leases. Also Read | ISRO PROBA-3 Mission Launch Delayed: Indian Space Agency Reschedules Launch of PSLV-C59 After Detecting 'Anomaly'. A senior official in the know told P ...Read More >
Andhra Pradesh is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters. U.S. authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Central government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022. Also read: Fitch takes negative rating actions on Adani ...Read More >
New Delhi [India], November 27 (ANI): Indian Railways is advancing the electrification of Broad Gauge railway lines at a mission-driven pace, achieving approximately 97 per cent electrification of its total Broad Gauge network, Union Minister of Railways, Information and Broadcasting, and Electronics & Information Technology, Ashwini Vaishnaw stated in a written reply in the Lok Sabha. Vaishnaw noted that around 45,200 route kilometres of the Broad Gauge network have been electrified since 2014-15. He highlighted a significant increase in the pace of electrification, from approximately 1.42 k ...Read More >
Bengaluru, Dec 3 (PTI) The Karnataka High Court on Tuesday quashed a criminal case registered against former state BJP president Nalin Kumar Kateel for allegedly extorting money and pressuring business entities to buy electoral bonds. Justice M Nagaprasanna passed the order while allowing the petition filed by Kateel. Also Read | CII Partnership Summit 2024: S Jaishankar Calls for Stronger Global Partnerships as India Faces Growing Challenges. The FIR was registered by the Bengaluru police based on a complaint lodged by Adarsh R Iyer, a city-based activist. The FIR was also registered agai ...Read More >
Guwahati: Assam chief minister Himanta Biswa Sarma met key Central ministers in New Delhi and invited them to the upcoming Advantage Assam Summit in Guwahati in February next year. Sarma met Union Minister for Development of North Eastern Region (DoNER), Jyotiraditya M.Scindia at his official residence here on Tuesday. In course of the meeting that lasted for close to 30 minutes, Sarma extended invitation to Union Minister Scindia to attend the upcoming Advantage Assam Summit in Guwahati in February next year. Praising Union Minister Scindia for organising the Ashtalakshmi Mahotsav in Delhi ...Read More >