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.
Speaking at the 65th Annual Convention of ACMA, the Commerce Minister said that the latest GST reform will help formalise the spare parts sector economy. The recent reduction of GST on auto parts from 28 per cent to 18 per cent is the biggest indirect tax reform since Independence, Union Commerce and Industry Minister Piyush Goyal said at the ACMA Annual Conclave 2025. "Reducing GST from 28 per cent to 18 per cent is a parting gift to the industry. This is the biggest reform since Independence i
New Delhi, May 28 (SocialNews.XYZ) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the interest subvention component under the modified interest subvention scheme (MISS) for loans to farmers during the financial year 2025-26, and approved the required fund arrangements, according to an official statement issued after the meeting. MISS is a Central sector scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan credit cards (KCC). Under the scheme, farmers receive short-term loa ...Read More >
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's sta ...Read More >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...Read More >
New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meher, Sentences Him to Life Imprisonment. Under the Scheme: Farmers received short-term loans of up t ...Read More >
New Delhi, May 29: Chief of Defence Staff (CDS) General Anil Chauhan will be on a three-day official visit to Singapore from May 30 to June 1, 2025, to participate in the 22nd Shangri-La Dialogue, the Ministry of Defence said. Hosted annually by the International Institute for Strategic Studies (IISS), the Shangri-La Dialogue is regarded as Asia's premier defence and security summit. This year's edition will convene defence ministers, military chiefs, policy makers, and strategic thinkers from around the world to address regional security challenges, particularly in the Indo-Pacific. During ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
Union Minister of Rural Development and Agriculture & Farmers' Welfare Shri Shivraj Singh Chouhan launched the third edition of Nayi Chetna - Pahal Badlaav Ki, a national campaign against gender-based violence, at Rang Bhawan Auditorium, New Delhi yesterday. Delivering his address, Shri Chouhan stated that the Government has taken a slew of initiatives for women's economic and social development. He stressed that gender-based violence is not an issue that persists in rural areas, but in urban areas as well. He said with the presence of Union Minister of Women and Child Development Smt. Annpurn ...Read More >
New Delhi: Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan on Thursday met farmers in Punjab and reviewed crops and production. Addressing a gathering, Chouhan said, "Prime Minister Narendra Modi's vision is Viksit Bharat, and we are working tirelessly with that goal in mind. Our mission is to build a glorious, prosperous and powerful India. Agriculture is the backbone of the Indian economy. In the fourth quarter of last financial year, the country achieved a growth rate of 7.5 per cent, with agriculture contributing to 5.4 per cent of it. Agriculture still accounts f ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Dehradun (Uttarakhand) [India], June 6 (ANI): Union Minister Shivraj Singh Chouhan on Friday attended a 'Kisan Chaupal' event at Pav Wala Soda village in the Raipur block of Dehradun, Uttarakhand. The programme was held as part of the 'Developed Agriculture Resolution' campaign aimed at strengthening the agricultural sector in the state. During the event, Chouhan interacted with local farmers and praised the success stories shared by them, especially in the areas of organic farming and coarse grain production. He also showed strong support for promoting Uttarakhand's organic produce at both n ...Read More >
The escalating conflict could upset a hard-fought consensus that G20 negotiators reached around 5 a.m. on Sunday, after an overnight push to ready the joint statement for final review by leaders arriving in Rio. That preliminary consensus after six days of negotiations included streamlined language about global conflicts including the war in Ukraine, focusing on the need to negotiate peace rather than criticism of any participants. However, sources said even that "simpler" consensus may now be up for reconsideration following the Russian air strike and the prospect of further escalation. Un ...Read More >
Delhi is facing worsening pollution and erratic weather patterns, with the air quality regularly reaching dangerous levels. This is partly due to climate change, with temperature rises and unpredictable rainfall patterns caused by global warming. The industrial revolution has played a significant role, contributing to the rise in global temperatures. The effects are already being felt, with 2024 witnessing record-breaking heat in India. Despite this, there is little action from society or leadership, with courts repeatedly stepping in to address issues like pollution and farm fires. The need f ...Read More >
H.E. Josel Francisco Ignacio, current Ambassador of the Philippines to India shares his credentials with President Droupadi Murmu On 16 November 1949, the Philippines and India, the two independent democracies would forge diplomatic ties. The two republics were born just a few years apart, first set out on the road to their bilateral friendship and collaboration. This inaugurated a period of closer government interaction, commerce and investment, and other bilateral and multilateral cooperation. Building on much common ground in history, democratic ideals, socio-economic imperatives and aspi ...Read More >
The global smoke grenade market is expected to grow from $297.24 million in 2023 to $456.46 million by 2031, driven by a 5.5% CAGR. Military, law enforcement, and emergency services are the primary sectors fueling demand, especially for tactical operations, training, and crowd control. Advances in technology have led to safer, more effective smoke grenades, while commercial uses in activities like paintball and film production are rising. Environmental concerns are promoting the development of eco-friendly products. North America leads the market, with rising military expenditures further boos ...Read More >
During a discussion on road accidents in Lok Sabha, Mr Gadkari said, "I have no hesitation to admit that it (road accidents) has increased." Road accidents claim 1.78 lakh lives in the country, annually, said Union Minister Nitin Gadkari. "When I go to attend international conferences where there is a discussion on road accidents, I try to hide my face," Nitin Gadkari said on Thursday, underlining he had set a target to reduce accidents by 50 per cent when he first took charge as the Road Trans ...Read More >
New Delhi, Jun 5 (PTI) Chief Justice of India B R Gavai on Thursday said India has continuously aspired to become a hub of international arbitration by building a progressive legislative framework, a pro-enforcement judiciary and robust institutional support. In his keynote address on "Arbitrating Indo-UK Commercial Disputes" as part of the London International Disputes Week, the CJI said India and the United Kingdom shared a rich history, bound by a common legal heritage rooted in the principles of common law. He referred to the July 2018 memorandum of understanding signed between India and ...Read More >
China is indeed the upper riparian for several major rivers that flow into India, notably the Indus, Sutlej, and Brahmaputra. However, it's impossible for Beijing to "turn off the tap". Most of the water in these river systems doesn't originate from the Tibetan Plateau (which China controls) but comes from precipitation and tributaries within Indian territory. India is not wholly dependent on Chinese-origin flows, especially in the case of the Brahmaputra and Sutlej, where downstream contribution ...Read More >
New Delhi, May 26 (PTI) Alcoholic beverage maker's body CIABC has urged the government to adopt a phased reduction in import duties on liquor products under the proposed India-EU free trade agreement (FTA), while calling for strong safeguards to prevent misuse of trade concessions under the pact. In a submission to the commerce ministry, Confederation of Indian Alcoholic Beverage Companies (CIABC) has proposed slashing the effective customs (or import) duty on bottled products like wines and spirits from the current 150 per cent to 100 per cent immediately and then down to a resting customs d ...Read More >
Patiala: Union minister for agriculture and farmers' welfare Shivraj Singh Chouhan visited Rajpura in Patiala district on Thursday as part of an ongoing initiative, Viksit Krishi Sankalp Abhiyan (VKSA), which is aimed at transforming Indian agriculture through direct farmer engagement and sustainable practices.At a 'Kisan Chaupal' in Gandia Kheri village, Chouhan emphasised on govt's commitment to formulating agricultural policies based on direct interactions with farmers rather than relying solely on bureaucratic inputs. " If scientists go to the ground, they'll know about the problem of farm ...Read More >
In the Indo-Pacific region, if one development would prove to be a landmark event in the region's modern history, it would be the signing of the Treaty of Comprehensive Partnership between North Korea and Russia in June 2024. The partnership has paved the way for strengthening bilateral ties between Moscow and Pyongyang and marked the onset of the global order transition, which was already underway. The institutionalization of the U.S., South Korea, and Japan's trilateral security cooperation has also given Russia and North Korea another strategic reason to collaborate. Therefore, with the geo ...Read More >
New Delhi [India], December 12 (ANI): The Union Cabinet on Thursday approved the 'One Nation, One Election,' bill in the parliament, marking a significant step towards the electoral process, sources told ANI. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole. Speaking to th ...Read More >
Chandigarh, Jan 2 (PTI) Punjab Chief Minister Bhagwant Mann on Thursday claimed that the Centre was trying to"bring back" the now-repealed farm laws, referring to the newly announced draft of the National Policy Framework on Agricultural Marketing. The AAP-led Punjab government has termed the newly announced draft policy as an attempt to reintroduce the three central agricultural laws passed in 2020 "through backdoor." After a yearlong protest by farmers, the Centre had repealed the laws. Speaking to reporters here, Mann also stated that the demands of the protesting farmers pertain to the c ...Read More >
New Delhi, Jan 21 (PTI) India and Belgium have agreed to establish mechanisms to resolve trade issues in areas such as pharma and agri products to boost bilateral trade, according to an official statement issued on Tuesday. The issues were discussed during the meeting between Commerce and Industry Minister Piyush Goyal and Belgian Minister of Foreign Affairs and Foreign Trade Bernard Quintin, in Brussels. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for January 21, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. "Regulatory barriers, pa ...Read More >
New Delhi, Jan 21 (PTI) India and Belgium have agreed to establish mechanisms to resolve trade issues in areas such as pharma and agri products to boost bilateral trade, according to an official statement issued on Tuesday. The issues were discussed during the meeting between Commerce and Industry Minister Piyush Goyal and Belgian Minister of Foreign Affairs and Foreign Trade Bernard Quintin, in Brussels. "Regulatory barriers, particularly in the approval processes for pharmaceuticals and agri-products, were also discussed, with both sides agreeing to tackle these challenges through continuo ...Read More >
"India's gateway into Europe" - that's how Greek Prime Minister Kyriakos Mitsotakis described Athens' relationship with New Delhi during his visit to India in 2024, a phrase frequently used by Greek officials whenever they discuss the ties between the two countries. The same phrase was echoed by Greece's foreign minister during an interview with Indian newspaper The Hindu ahead of his two-day visit to New Delhi on Thursday and Friday. But how does India view its relationship with Greece? To understand India's perspective, Kathimerini English Edition spoke with The Hindu's diplomatic editor Su ...Read More >
New Delhi, Jun 5 (PTI) In a move to position India as the global epicentre of traditional medicine and wellness, the government of India has launched the Ayush Nivesh Saarthi portal. The portal was launched on May 29 during the Ayush Stakeholder/Industry Interaction meet held at Vanijya Bhawan here, an Ayush Ministry statement said. The portal was jointly unveiled by Union Minister of Commerce and Industry Piyush Goyal and Union Minister of State (Independent Charge) for Ayush Prataprao Jadhav. The event brought together senior government officials, industry leaders, and global stakeholders ...Read More >
Lucknow: The state's first Ayush university, coming up in Gorakhpur, is all set for its inauguration on June 30. If all goes as planned, President Droupadi Murmu will conduct the ceremony. She is also expected to attend the convocation ceremony of the first undergraduate (MBBS) batch at Gorakhpur AIIMS.Sharing this on Tuesday, an official spokesperson said, "The Ayush university will be Gorakhpur's fourth university and the first one where both the foundation stone laying and inauguration will be ...Read More >
NEW DELHI, June 5 (Reuters) - Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) began closed-door, two-day discussions in New Delhi on Thursday with Indian trade officials headed by chief negotiator Rajesh Agrawal ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >