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.
Employees' State Insurance Corporation saw growth in July 2025. Over 20 lakh new subscribers joined the scheme. More than 31,000 new establishments are now under ESIC. Almost half of the new members are under 25 years old. Over 4 lakh women enrolled in July. Eighty-eight transgender employees also registered. This shows ESIC's commitment to social security for all. Employees' State Insurance Corporation (ESIC) has added 20.36 lakh subscribers in July 2025, registering a growth of over 5 per cent
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 >
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 >
Chennai, June 7 (SocialNews.XYZ) The Chennai Metropolitan Development Authority (CMDA) has sanctioned Rs 54.36 crore to the Greater Chennai Police (GCP) under the Vada Chennai Valarchi Thittam (VCVT) to implement seven key infrastructure and welfare projects. The initiative aims to enhance police capabilities and community outreach, particularly in the northern parts of the city. The decision to allocate funds was taken following a detailed representation made by senior GCP officials to Chief Minister M.K. Stalin, who directed that the required financial assistance be provided under the VCVT ...Read More >
NEW DELHI, June 8: A day before his Government marks its first anniversary in third term, Prime Minister Narendra Modi said on Sunday that the ruling BJP-led National Democratic Alliance has redefined women-led development in its 11 years in power. Follow the Daily Excelsior channel on WhatsApp In all sectors, including science, education, sports, start ups and the armed forces, women are excelling and inspiring several people, Modi said on X. He cited a number of welfare programmes which, he noted, have benefitted women immensely. Various initiatives, from ensuring dignity through Swachh ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...Read More >
Bengaluru, June 7 (SocialNews.XYZ) Hitting out at the Karnataka Congress leaders who defended the June 4 Chinnaswamy Stadium stampede incident which claimed 11 lives by comparing it to the Prayagraj tragedy where at least 30 people died, Union Minister of State for Micro, Small and Medium Enterprises and Labour and Employment Shobha Karandlaje said that 66 crore people had gathered in Prayagraj. Speaking to the media at the BJP office in Bengaluru on Saturday, the Union Minister stated: "You talk about the Prayagraj incident. Do you even know how many people gathered there? More than 66 crore ...Read More >
New Delhi, Jun 27 (PTI) Union Labour Minister Mansukh Mandaviya on Friday announced renewal of a scheme to promote registration of employers and employees to expand Employees' State Insurance (ESI) coverage across India. Originally introduced in 2016, SPREE (Scheme to Promote Registration of Employers/Employees) has facilitated the registration of over 88,000 employers and 1.02 crore employees. The renewed SPREE will be open from July 1 to December 31, 2025, offering a one-time opportunity for unregistered employers and left-out workers, including contractual and temporary staff, to enrol un ...Read More >
Hyderabad, June 27 (UNI) Telangana Employment and Labour Minister G Vivek Venkata Swamy announced on Friday that the state government is preparing to bring in a comprehensive policy and legislation to safeguard the rights and welfare of gig workers. Addressing the media at the Secretariat, the Minister said the government is actively considering the formation of a special board dedicated to gig workers' rights. He mentioned that 66 suggestions have been received so far during consultations with stakeholders, and these will form the basis of the proposed law. "There are already laws in pla ...Read More >
NEW DELHI: Lieutenant governor VK Saxena has given his approval to the reconstitution of Delhi Building and Other Construction Workers Welfare Board, paving the way for govt to prepare a scheme to provide compensation to the construction workers who lost work due to the implementation of GRAP IV provisions. The board was not in place for the last couple of years. While giving his nod to its reconstitution, LG directed that immediate steps should be taken to implement Supreme Court directions to provide subsistence allowance to workers affected due to restrictions on construction activities be ...Read More >
EPFO has now set a final deadline of January 31, 2025, for employers. The Employees' Provident Fund Organisation (EPFO) has granted a final extension for employers to process and upload pending applications for the Validation of Options/Joint Options related to pensions on higher wages. According to the Ministry of Ministry of Labour & Employment, this extension follows multiple requests from employers and their associations for more time to complete the required submissions. The online facili ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...Read More >
During a raid conducted on Thursday in the presence of members from the Uttar Pradesh State Women Commission and the State Welfare Department, the old-age home in Noida was found in a deplorable condition. Forty-two elderly people were rescued from an "illegal" old-age home after a police raid at the institution found some women tied up, many residents without clothes and others in "basement-like" rooms, officials said. During a raid conducted on Thursday in the presence of members from the Utt ...Read More >
New Delhi: Just as the Bharatiya Janata Party completes 100 days in power in Delhi, reports have surfaced that chief minister Rekha Gupta will soon shift from her private residence in Shalimar Bagh to government-allotted bungalow at the Raj Niwas Marg in Civil Lines, where her other Cabinet colleagues have been allotted residences. The renovation work of her official residence is underway in full swing. It is pertinent to mention here that this residence allotted to CM Gupta is not the same controversial 'Sheesh Mahal' where former CM Arvind Kejriwal lived when Aam Aadmi Party was in power. M ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Haridwar (Uttarakhand) [India], June 8 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami addressed farmers during a rally in Haridwar on Sunday, highlighting various welfare schemes aimed at boosting agricultural development. 'Today, numerous welfare schemes are being implemented for the benefit of farmers. Recognizing agriculture as the backbone of development, the Kisan Credit Card limit has been raised to Rs 5 lakh,' CM Dhami said. During the rally, he also emphasized the government's commitment to the progress of the farmers. 'For 60 years, no significant decisions were made for far ...Read More >
Mumbai: The number of severely malnourished (SAM) children in Maharashtra has significantly declined over the last two years from 80,248 in 2023 to 29,107 in 2025.Similarly, the number of moderately malnourished (MAM) children declined from 2.12 lakh or 5.09% to 1.49 lakh or 3.11% over the same period.Chief minister Devendra Fadnavis attributed the achievement to coordinated efforts by various state departments and welfare agencies.According to official data, the percentage of severely malnourished (SAM) children in the state has fallen from 1.93% to 0.61% in the last two years.A total of over ...Read More >
Govt looking to provide life and accident benefits to gig workers Platform or gig workers will likely get life and accident insurance covers in addition to health insurance if the government goes ahead with its plans for the social security corpus. "We are mulling a proposal to extend life and accident insurance benefits from the fund that aggregators would contribute to. A portion of the fund would be utilised for these benefits, while the remainder would be secured for future social safety ne ...Read More >
The Karnataka State Cricket Association (KSCA) has denied responsibility for the stampede that took place outside Bengaluru's M Chinnaswamy Stadium during the Royal Challengers Bengaluru (RCB) victory celebrations. The incident led to the deaths of 11 people. In a statement, KSCA claimed it was not involved in organising the event, managing entry gates or handling the crowd. "The decision to hold the event was taken by the government. It was conducted at Vidhana Soudha, not at Chinnaswamy Stadium," the association said, adding that its role is limited to renting out the stadium and managing c ...Read More >
New Delhi, June 8: Prime Minister Narendra Modi has said that over the last 11 years, the NDA government has redefined women-led development who are excelling and inspiring several people. Marking the 11 years of the NDA government at the Centre, the Prime Minister said the efforts have helped women pursue their dreams on their terms. He wrote on social media X, "Over the last 11 years, the NDA Government has redefined women-led development. Various initiatives, from ensuring dignity through Swachh Bharat to financial inclusion via Jan Dhan accounts, the focus has been on empowering our Nari ...Read More >
Mumbai: The number of severely malnourished (SAM) children in Maharashtra has significantly declined over the last two years from 80,248 in 2023 to 29,107 in 2025.Similarly, the number of moderately malnourished (MAM) children declined from 2.12 lakh or 5.09% to 1.49 lakh or 3.11% over the same period.Chief minister Devendra Fadnavis attributed the achievement to coordinated efforts by various state departments and welfare agencies. According to official data, the percentage of severely malnourished (SAM) children in the state has fallen from 1.93% to 0.61% in the last two years.A total of ove ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Validity: Supreme Court Restrains Courts in Country Not to Entertain, Pass Orders on Suits Related to R ...Read More >
New Delhi, January 31: The unveiling of the Economic Survey on Friday sets the stage for Finance Minister Nirmala Sitharaman to present the Union Budget for 2025-26 in Parliament on Saturday (February 1), which is expected to continue the government's policy of giving a big push to economic growth with equity. The government has prioritised improving the quality of life in rural areas to ensure equitable and inclusive development, according to the Economic Survey 2024-25. The survey highlights financial inclusion as a key focus, with rural households and small businesses getting easier access ...Read More >
The Bihar government on Thursday (June 5, 2025) sanctioned compensation of ₹8.25 lakh under the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act, 1989, to the family members of the 11-year-old Dalit girl who was raped and brutally assaulted with a knife, and later succumbed to her injuries at the Patna Medical College and Hospital (PMCH) on June 1. The State also announced a monthly pension of ₹7,700 for the victim's family, in addition to the allotment of a house under the Mukhyamantri Awas Yojana. According to officials, the girl, who was transferred from Muzaffarpu ...Read More >
Bengaluru, June 6 (UNI) The BJP on Friday strongly demanded the ouster of the Congress government in Karnataka, holding it morally responsible for the loss of 11 lives following the stampede during the Royal Challengers Bengaluru (RCB) IPL victory celebration. BJP state chief Vijayendra Yediyurappa referred to a written communication by Cubbon Park Police denying permission for the June 4 celebration, warning of uncontrollable crowds and security risks. "Despite this, the CM tweeted inviting people to a felicitation at Vidhana Soudha. Lakhs of fans gathered there. Who gave permission for that ...Read More >
The Board will help the transgender community receive their rightful entitlements in education, healthcare, employment, and safety, Gupta said in a statement. Stating that the Board will work on policymaking and recommending welfare schemes, the chief minister added that it will also coordinate with various departments to solve issues regarding the transgender community. This development will also ensure the timely issuance of identity certificates and ID cards. Now, transgenders will be able ...Read More >
New Delhi, Dec 12 (PTI) Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday. Since 2015, the government implemented a comprehensive 4Rs strategy of recognising NPAs transparently, resolution and recovery, recapitalising PSBs, and reforms in the financial system to address the challenges faced by PSBs, it ...Read More >
Pune: State govt is set to conduct a comprehensive verification of beneficiaries under the Mukhyamantri Mazhi Ladki Bahin Yojana, leveraging income tax return data from the Central Board of Direct Taxes (CBDT) to ensure that the monthly Rs 1,500 aid reaches only economically weaker women.A notification issued by the CBDT on June 3 authorises the secretary of the state women and child development (WCD) department to access income tax (I-T) data under Section 138 of the Income Tax Act, 1961. The department has already formed a team to review the existing list of 2.5 crore applicants. Officials s ...Read More >
New Delhi, Jun 8 (PTI) A day before his government marks its first anniversary in third term, Prime Minister Narendra Modi said on Sunday that the ruling BJP-led National Democratic Alliance has redefined women-led development in its 11 years in power. In all sectors, including science, education, sports, start ups and the armed forces, women are excelling and inspiring several people, Modi said on X. He cited a number of welfare programmes which, he noted, have benefitted women immensely. Various initiatives, from ensuring dignity through Swachh Bharat to financial inclusion via Jan Dhan a ...Read More >
New Delhi: The second match of the five-match Test series between India and England will be played at Edgbaston in Birmingham. It will start on July 2. In this Test, Shubman Gill has a chance to create history. Actually, the Indian team has not been able to win on this ground so far. Team India played the first match on this ground in 1967. Be it Virat Kohli or Dhoni or Dravid or Sourav Ganguly, no Indian captain has won here in 58 years. However, Gill will have a chance to get his name registered in the history books. If he manages to end the drought of 58 years, he will become the first Indi ...Read More >