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, Sep 12 (SocialNews.XYZ) Punjab Chief Minister Bhagwant Mann on Friday said the government would ensure compensation to all flood victims within 45 days. Chairing a high-level meeting here, the Chief Minister said a few days ago he had announced that his government will give the highest compensation in the country -- 20,000 per acre -- to farmers for the crop damage. "This is the highest compensation in the history of Punjab." Mann said under previous governments, it used to take years to actually receive the compensation and the people already distressed by crop loss, had to run around government offices for compensation. Elaborating the plan, he said that special "girdawari" (crop damage assessment) should start from September 13 and the entire process will be completed within 45 days. The Chief Minister said the farmers will start receiving their compensation cheques in hand, adding officers from non-flooded areas will be deployed in flood-affected villages so that the assessment work can be completed quickly. He said the officers will go village to village, inspect all fields, prepare their reports matter and no matter what the crop is -- if there is damage, compensation will be given. Mann said after the report is made, farmers will be given one week to raise any objections, so that any error in the report can be rectified. The Chief Minister said the entire process will be completed within 45 days, and compensation cheques will be distributed to the farmers. He said in the villages where the entire crop has been destroyed, this process will be completed in just one month, and cheques will be given earlier. Similarly, the Chief Minister said those houses which have been damaged will also be given compensated by the government. He said those people whose entire house has collapsed will receive Rs 120,000, and those with partial damage will get Rs 40,000. Mann said that earlier governments used to give only Rs 6,800 for partial house damage, but now this amount has been increased to Rs 40,000. Similarly, the Chief Minister said that those people whose livestock were swept away or died in the floods will also be compensated. Citing the example, he said that if someone has lost a cow or buffalo, the government will give Rs 37,500, if a goat died in the flood Rs 4,000 will be given and all other animals will also be compensated as per rules, including bulls, horses, poultry, fisheries and others. Mann said the compensation for house or livestock loss should start from September 15 and must also be completed within 45 days. The Chief Minister said 55 deaths have been confirmed in floods, out of which cheques have been issued to 42 families. The Chief Minister also enquired from the Deputy Commissioners, who joined the meeting virtually, about the ground realities after the devastating floods, which were witnessed for first time in last four decades. The Chief Minister said the government will take up the issue of relaxing the norms to cover the house loss with the government of India. He also asked the officers to organise medical camps in every villages and conduct fogging too.
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
The Cure SMA Foundation of India has praised the government’s recent efforts to address rare diseases, including Spinal Muscular Atrophy (SMA), with over Rs 900 crore allocated for treatment procurement. The foundation urges swift action to implement the procurement process within 45 days, following the Delhi High Court’s directive. SMA, a life-threatening genetic disease, has limited treatment access in India. While the drug Risdiplam has brought hope, collaborative efforts are needed to ensure wider availability. Experts stress the importance of a holistic approach to SMA care, citing Kerala ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Lucknow, December 3: Chief Minister Yogi Adityanath, on Tuesday, emphasized that Prime Minister Narendra Modi's emphasis on using the term "Divyang" and respecting their sentiments has inspired persons with disabilities to advance in life and various fields with dignity. He highlighted that whenever Divyangjans have been given opportunities, they have consistently demonstrated their exceptional talents and abilities. Speaking at a state-level award ceremony at Lok Bhavan on International Day of Persons with Disabilities, the Chief Minister celebrated the achievements of Divyangjans and reaffi ...Read More >
Hyderabad, Dec 5 (Maxim News): Chief Minister Revanth Reddy launched the Indiramma House Survey mobile application on Thursday morning. The selection of the beneficiaries of the housing scheme will be done from tomorrow (Friday) through this app. Click Here To Join Us On WhatsApp Speaking on this occasion, Chief Minister Revanth Reddy said that the Indiramma house scheme was started with Rs. 10 thousand. Today it has reached Rs. 5 lakh. He said that they are providing financial assistance at the rate of Rs. 5 lakh to each poor person for the construction of a house. It is everyone's dream t ...Read More >
The Indian government launched the Rs. 1,435 crore PAN 2.0 project. Announced by Information and Broadcasting Minister Ashwini Vaishnaw, the project aims to establish the PAN number as a common business identifier across all government digital systems. PAN 2.0 Project Launch The Rs. 1,435 crore PAN 2.0 the project aims to establish the PAN number as a common business identifier across all government digital systems. CCEA Approval The Cabinet Committee on Economic Affairs (CCEA) approved the project under the Income Tax Department. As per Information and Broadcasting Minister Ashwini Vaish ...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 >
Lakhimpur Kheri, December 3: Talent knows no boundaries. A testament to this is 28-year-old Muneer Khan from Lakhimpur Kheri in Uttar Pradesh, whose innovations and technical skills have gained him global recognition. From a 'smart water bottle' to 'smart soil testing device,' and more recently, 'AI-enabled eye-glasses,' what makes his innovations stand out is their ability to improve everyday convenience for ordinary people. Born in a humble and poor family in Kheri's Gauriya village, Muneer lost his father when he was just one year old. His four older brothers and mother worked tirelessly t ...Read More >
Meet Venkata Datta, Hyderabad techie, who is set to marry badminton star PV Sindhu The KYC Bubble: How digital ID's could trigger a global collapse 5 reasons why Allu Arjun will become biggest pan-India star with Pushpa 2: The Rule This is world's weirdest hotel where guests stay to get insulted, pay Rs 20000 room rent, it is located in... Vikrant Massey breaks silence on his 'retirement' announcement, says his post was misread: 'I'm not...' After breakup with Arjun Kapoor, Malaika Arora does 'Nain Matakka' with another actor, netizens react Naga Chaitanya-Sobhita Dhulipala wedding: Allu ...Read More >
New Delhi [India], December 4 (ANI): The Central Bureau of Investigation (CBI) on Wednesday conducted searches at 10 locations in Delhi and surrounding areas in connection with an on-going investigation of a transnational cyber enabled fraud case involving large-scale financial scams. CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, based on a written complaint received from the Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, Government of India. The complaint alleged that unknown ...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 >
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Chandigarh [India], December 3 (ANI): Punjab Legislative Assembly Leader of Opposition and Congress leader Partap Singh Bajwa on Tuesday, slammed the BJP-led central government for neglecting the interests of farmers in Punjab and Haryana. Bajwa's scathing attack comes amidst growing discontent among farmers in the region, who feel their concerns have been ignored by the ruling party. "Ever since the BJP government has come to power, they have not taken a single decision that is in the interest of the farmers of India, especially the farmers of Punjab and Haryana. It is their fundamental rig ...Read More >
New Delhi, Dec 5 (VOICE) The Assam government's decision to impose a complete ban on the consumption of beef in public places, including hotels and restaurants, has garnered positive reactions from other BJP leaders. In Chhattisgarh, Cabinet Minister Tankaram Verma welcomed the move, stating, "In our country, cows are revered as Gau Mata. From birth to death, their importance in our lives is unparalleled, even during final rites where cow urine is used. I wholeheartedly support this decision by the Assam government and congratulate them for taking such a step." Similarly, Uttar Pradesh's Min ...Read More >
Chief Minister A. Revanth Reddy has announced that the Telangana Government will seek the Central Government's assistance for the construction of Indiramma houses to fulfil the Congress promise of providing houses to all shelterless families. 4.5 lakh houses, ₹5 lakh assistance The government has taken up construction of 3,500 houses each in the 119 assembly constituencies totalling to 4.5 lakh houses in the first phase and has decided to provide financial assistance of ₹5 lakh in four inst ...Read More >
The overall development of the country is not possible without the development of agriculture and farmers. The nation's economy can be strengthened by the development of agriculture, fishery production, and livestock, President Droupadi Murmu said on Thursday. Gracing the convocation ceremony of the Odisha University of Agriculture and Technology at Bhubaneswar, she said agriculture is facing new challenges such as natural disasters, adverse effects of climate change, decreasing per capita farm ...Read More >
Patiala (Punjab), Dec 3 (PTI) The Punjab government will launch a massive recruitment drive in the health and the education departments, Chief Minister Bhagwant Mann said on Tuesday and added that his dispensation had already provided about 50,000 jobs. Addressing a gathering while handing over appointment letters to new recruits, Mann said the state government was committed to provide ample opportunities for youngsters to excel. So far, around 50,000 government jobs have been provided to them, he said. Further new avenues will be opened for the youngsters to ensure that they become an acti ...Read More >
New Delhi [India], December 4 (ANI): The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case. The case pertains to cyber fraud involving illegal proceeds of approximately Rs 640 crore, generated through betting, gambling, part-time job scams, and phishing operations. The ED also recovered various incriminating documents linked to the fraud during its crackdown. Also Read | Banking Laws (Amendment) Bill, 2024 Set To Boost Consumer Expe ...Read More >
Leader of Opposition in Punjab Assembly, Partap Singh Bajwa, has accused two top AAP leaders of backing separate candidates for the Barnala assembly bypoll on November 20. Bajwa claimed that while one leader is supporting the official AAP candidate, the other is backing a rebel candidate. He urged the public to reject both and vote for the Congress candidate. Bajwa also took a jibe at Punjab Chief Minister Bhagwant Mann, suggesting he could become Punjab's "Eknath Shinde" after reportedly being in contact with the Union Home Ministry through a Punjab-based Union minister. ...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 >
In a miraculous turn of events, a seven-year-old boy who was kidnapped from Uttar Pradesh's Ghaziabad district more than 30 years ago has reunited with his family. IMAGE: Raju was kidnapped when he was seven-year-old from Uttar Pradesh's Ghaziabad district. Photograph: ANI Now 38, Raju shared his ordeal and said that after being abducted in September 1993, he was handed over to a truck driver who took him to Jaisalmer in Rajasthan. "The kidnappers kept me in a room located in the middle of a barren area, where I was forced to take care of sheep and goats. Each night, I was chained and locke ...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 >
Bhubaneswar, Dec 3 (PTI) A delegation of the Opposition BJD on Tuesday met Union Minister for Jal Shakti C R Patil and apprised him of the potential submergence of large areas in Odisha's Malkangiri district, due to construction of a multi-purpose project in neighbouring Andhra Pradesh. The delegation, led by senior leader Debi Prasad Mishra, also submitted a memorandum with the Ministry of Jal Shakti. The regional party in its memorandum mentioned that the Polavaram project is likely to impact the lives and livelihoods of thousands of tribal people, especially those from vulnerable and prim ...Read More >
New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >
Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >
CHENNAI: Singles, Doubles, and the Team Championship - the 18-year-old Chennai girl, the daughter of an auto driver from Kasimedu, left nothing for competitors from around the world at the sixth edition of the Carrom World Cup held in the US which Team India swept. The Women's Singles final was a hard-fought contest, where the 18-year-old M Khazima kept her nerves to defeat 12-time national and multiple World Cup winner Rashmi Kumari from Bihar. With this victory, Khazima became the youngest Carrom World Champion. Khazima, whose father Mehaboob Basha is an auto driver from Kasimedu, had been ...Read More >
Campaigning for the November 20 assembly bypolls to four seats in Punjab ended on Monday evening with the ruling Aam Aadmi Party (AAP), Opposition Congress and the Bharatiya Janata Party making last-ditch efforts to mobilise support for their respective candidates. Hours before the campaign ended at 6 pm, major political outfits intensified their efforts to woo the voters. Bypolls to four assembly segments -- Gidderbaha, Dera Baba Nanak, Chabbewal (SC) and Barnala -- will be held on November 20 from 7 am to 6 pm, and the results will be out on November 23. The bypolls were necessitated afte ...Read More >
Major blast outside Badshah's nightclub in Chandigarh, glass window shatters; no casualty Amid linkup rumours with Abhishek Bachchan, Nimrat Kaur says 'that spotlight belonged to you': 'Main ta bahut lucky..' 'One Nation One Subscription': Centre's scheme to ensure access to research articles, journals EXPLAINED Shillong Teer Results TODAY November 26, 2024: Check winning numbers here Meet woman who has become the youngest to travel all 195 countries, she is from... Kerala lottery TODAY November 26 Live Sthree Sakthi SS 443 Tuesday, check winning ticket, prize money here The Matrix villa ...Read More >
Bhubaneswar, Dec 3 (PTI) A delegation of the Opposition BJD on Tuesday met Union Minister for Jal Shakti C R Patil and apprised him of the potential submergence of large areas in Odisha's Malkangiri district, due to construction of a multi-purpose project in neighbouring Andhra Pradesh. The delegation, led by senior leader Debi Prasad Mishra, also submitted a memorandum with the Ministry of Jal Shakti. Also Read | Pune Shocker: Bike Rider Dragged for 2 Kilometres on Bonnet of Car in Pimpri Chinchwad; 3 Booked. The regional party in its memorandum mentioned that the Polavaram project is like ...Read More >