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], October 16 (ANI): Union Minister of Youth Affairs and Sports, and Labour and Employment, Mansukh Mandaviya, on Wednesday highlighted the substantial relaxation in the Employees' Provident Fund Organisation (EPFO) rules, making EPF withdrawal simpler for employees. According to the new rules, employees who lose their jobs can now withdraw 75% of their EPF amount immediately. The remaining 25% can be withdrawn after one year, ensuring that the employee's 10-year service tenure remains intact. Also Read | World Food Day 2025: Date, Theme, History, Significance and Why Global Hunger and Healthy Diets Matter. Mandaviya said, "...EPF withdrawal has been made simpler now...If someone loses their job, then 75% of the amount can be withdrawn immediately, and after one year, the facility to withdraw the entire amount will be available. The idea behind retaining 25% amount for a year is that the 10-year service tenure is not disrupted. With these new reforms, the employee's service continuity will be maintained, and receiving a pension will ensure their social and economic security." Additionally, the government has extended the period for withdrawing funds after job loss from two months to one year, allowing members more time to find new employment and maintain job continuity. Also Read | German Researchers Find Highly Effective HIV Antibody. In another significant move, establishments that have not previously contributed to EPFO can now enrol with a nominal penalty, encouraging more employees to benefit from social security. Furthermore, to assist elderly and remote EPFO beneficiaries, an MoU has been established with postal services to facilitate the authentication and issuance of life certificates at their homes. This ensures that beneficiaries can receive their benefits without needing to visit EPFO offices. (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)
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 >
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...Read More >
NEW DELHI: Delhi chief minister Atishi on Thursday described Aam Admi Party national convenor Arvind Kejriwal as a prominent leader and said he is the first leader who understood the pain of women. "Arvind Kejriwal, the prominent leader, is the first leader in the history of this country who understood the pain of women. The biggest concern for women is that they have to stretch out their hands before a man even for their humble needs. In childhood, it is before their parents, before their spous ...Read More >
Ujjain (Madhya Pradesh) [India], June 5 (ANI): Madhya Pradesh Chief Minister Mohan Yadav attended the Spiritual and Wellness Summit 2025 held in Ujjain on Thursday and said that investment proposals worth around Rs 1950 crore were received in the summit. He also highlighted that the state is ready to lead India's wellness mission and is becoming the country's leading spiritual and wellness destination, a major attraction for investors in this sector. Also Read | Gautam Gambhir Reacts On Bengaluru Stampede During RCB's IPL 2025 Victory Celebrations During IND vs ENG Pre-Departure Press Confer ...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 >
New Delhi [India], January 21 (ANI): The Centre is expected to continue its fiscal consolidation efforts in FY26, with a fiscal deficit target of 4.5 per cent of GDP, according to a report by Emkay Research. For FY25, the report noted that the fiscal deficit is estimated to track close to 4.7 per cent, while states are likely to record a fiscal deficit of 3.2 per cent of GDP. It said "we do not see the Centre deviating from its consolidation path in FY26, and is likely to target 4.5 per cent GFD/GDP. States, on the other hand, are likely to now hug the 3 per cent of GDP target (+/-0.2 per ce ...Read More >
Vijayawada (Andhra Pradesh) [India], May 22 (ANI): Former Andhra Pradesh Chief Minister and YSRCP president YS Jagan Mohan Reddy on Thursday launched a scathing attack on the current TDP-led government in the State, accusing Chief Minister Chandrababu Naidu of failing to deliver on pre-election promises and engaging in financial mismanagement. The former chief minister also took aim at what he called the "yellow media" for biased reporting in favour of the ruling party. "I am not only fighting against Chandrababu Naidu but also against the 'yellow media'," Reddy said in a press conference. ...Read More >
Meghalaya government introduced the Draft Meghalaya Film Tourism & Creative Media Policy 2025. Chief Minister Conrad K. Sangma disbursed Hello Meghalaya Grants to local filmmakers. The government aims to empower youth through creative platforms. The film policy offers financial incentives and skill development projects. Public feedback is welcome until June 20, 2025. Guwahati: Meghalaya chief minister Conrad K. Sangma unveiled the Draft Meghalaya Film Tourism & Creative Media Policy 2025 and dis ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
Hyderabad (Telangana) [India], December 12 (ANI): Launching a scathing attack against the Congress-led Telangana government, Bharat Rashtra Samithi (BRS) Working President KT Rama Rao on Thursday called it an "abject failure" and said that Congress party's saga of betrayal is endless. "The Congress party in Telangana has been an abject failure... Their saga of betrayal is endless... They are tampering with the cultural icons, with the Telangana self-respect and pride. I wrote to Rahul Gandhi that we are compelled that when BRS comes back three years later, we will change the name of all the i ...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 >
The books for class 9-12 will be available from 2026-27. New Delhi: The National Council of Educational Research and Training (NCERT) has reduced the prices of books for classes 9 to 12 by 20 per cent. The decision was announced by NCERT Director Dinesh Prasad Saklani during an event held in the national capital on Monday. The reduction in the prices of books will be effective from the upcoming academic year. News agency PTI quoted the minister as saying that while the textbooks for classes 9- ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...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, Dec 13 (PTI) Subscribers of the retirement fund body EPFO may soon be able to withdraw money from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly stated in a media report that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce. She further said that claimants, beneficiaries or insured individuals will be able to access their claims through an ATM. According to the media report, the withdrawal will be capped at 50 per cent of the Employees' Provident Fund ( ...Read More >
New Delhi [India], December 15 (ANI): A friendly cricket match between Parliamentarians under Rajya Sabha Chairman XI and Lok Sabha Speaker XI is being played at Major Dhyan Chand National Stadium on Sunday. BJP MP Anurag Thakur captained Lok Sabha Speaker XI while Union Minister Kiren Rijiju led Rajya Sabha Chairman XI. The friendly affair has been named 'TB Mukt Bharat awareness cricket match'. Speaking to ANI, Union Minister Kiren Rijiju says, "Several of our MP colleagues have come here. With the mantra of fitness...this event has been scheduled to fill people with vigour through sports. ...Read More >
New Delhi, Dec 18 (VOICE) The Employees' Provident Fund Organisation (EPFO) on Wednesday gave a final opportunity till January 31, 2025 to employers to upload wage details regarding over 3.1 lakh pending applications for Pension on Higher Wages.Employers have also been requested to submit replies or update the information in 4.66 lakh cases by January 15, 2025 where clarification has been sought by the EPFO. The EPFO said that the final opportunity is being given as, in spite of so many extensions, it has been observed that more than 3.1 lakh Applications for Validation of Options/Joint Optio ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...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 >
New Delhi: The Delhi Public School, Dwarka, has decided to revoke the suspension of 32 students over a fee dispute, the Delhi High Court was informed on Thursday. The development came as Justice Sachin Datta was set to pronounce his verdict on a petition filed by the parents of the students, who were suspended over alleged non-payment of increased fees. "We have withdrawn the suspension order striking off students and also filed an affidavit to that effect on Monday," the counsel for the schoo ...Read More >
Sonitpur (Assam) [India], June 6 (ANI): As the swelling Brahmaputra's raging floodwaters submerge vast areas of Tezpur, local residents are demanding immediate action from the state government to prevent further soil erosion and houses from getting washed away. A local resident said, "One or two houses have been washed away. In the Bhomoraguri village, under the Tezpur Legislative Assembly constituency, Sonitpur district, a large portion of land along with many homes at Bairagi Tila has been swallowed by the river, leaving everyone in a state of panic. Similarly, due to the intense erosion by ...Read More >
New Delhi, Jun 7 (PTI) Union Environment Minister Bhupender Yadav on Saturday dismissed Congress leader Jairam Ramesh's criticism regarding the Delhi Zoo's proposed agreement with the Reliance Group's Gujarat-based wildlife facility, saying such collaborations are routine and aimed at improving animal care and management practices. "Some people have made it a habit to create doubts in the mind of the public at every instance," Yadav said on X in response to Ramesh's remarks. He clarified that the National Zoological Park (NZP), also known as the Delhi Zoo, had signed a memorandum of understa ...Read More >
Dehradun: A person, who completes his age of 59 years and 6 months, can now apply for an old age pension on the social welfare department's pension portal. The applicants will start receiving pension from the end of the month in which he completes the age of 60 years following the approval of his application form. This is meant to ensure that the elderly people can get the benefits of old age pension on time. The department launched a campaign to identify the eligible person for the pension According to Secretary, Social Welfare Department, Neeraj Khairwal, his department launched a month-l ...Read More >
New Delhi [India], December 15 (ANI): Ministry of Development of North Eastern Region is set to host the Northeast Trade and Investment Roadshow in Mumbai on Monday. The event will be addressed by Jyotiraditya M. Scindia, Union Minister for MDoNER, along with Tripura Chief Minister Manik Saha, Maeghalya Chief Minister Conrad Sangma. Chanchal Kumar, Secretary, MDoNER, and Monalisa Dash, Joint Secretary, MDoNER, will also attend, alongwith senior representatives from various northeast states. The Roadshow will feature B2G meetings, offering a unique opportunity for potential investors to inte ...Read More >
New Delhi [India], December 17 (ANI): The fit India movement took a significant stride towards a healthier and greener India with the launch of the 'Fit India Cycling Drive' on Tuesday morning at the Major Dhyan Chand National Stadium in New Delhi, according to a release from the Ministry of Youth Affairs & Sports. The event was flagged off by Union Minister of Youth Affairs and Sports, Mansukh Mandaviya, in the presence of Minister of State for Youth Affairs and Sports, Raksha Nikhil Khadse, MP Tejasvi Surya, as well as elite athletes, including Paris Paralympics bronze medalist Simran Sharm ...Read More >
Mumbai (Maharashtra) [India], January 2 (ANI): Actor Kartik Aaryan expressed his happiness for para-athlete Murlikant Petkar after the Ministry of Youth Affairs and Sports announced that the para-swimmer will be conferred the Arjuna Award (Lifetime) for his outstanding performance in the sport. Kartik Aaryan, who played the role of Murlikant Petkar in the film Chandu Champion, praised the athlete's 'headstrong' attitude and sportsmanship. Petkar made India proud by winning the country's first gold medal in the Paralympic Games. Speaking to ANI, Kartik Aaryan said, "So, so, so happy to hear t ...Read More >
New Delhi [India], February 5 (ANI): Union Home Minister Amit Shah on Wednesday addressed a distribution program of over 2,800 appointment letters in the Tripura government, saying that joining the communist party cadre was no longer a requirement for jobs in Tripura. He said that Tripura has been transformed from a "land-locked" state to "land-linked" one. "There was a communist rule here in the past. To get jobs in the government, one had to be a part of the communist cadre. I would like to thank the Chief Minister of Tripura for giving a chance to 2,806 youth, without any discrimination an ...Read More >
New Delhi [India], February 10 (ANI): A Memorandum of Understanding (MoU) on cooperation in logistics and infrastructure development between the Department for Promotion of Industry and Internal Trade (DPIIT) and the Korea Transport Institute (KoTI), Republic of Korea (RoK) was signed on Monday at the Sejong National Research Complex, South Korea. The arrangement was signed by Youngchan Kim, President of KOTI, and Amit Kumar, Ambassador of India to the Republic of Korea. The MoU will enhance cooperation in logistics and infrastructure development, leveraging KOTI's expertise to support India ...Read More >
New Delhi [India], June 5 (ANI): Air India announced on Thursday that it has added more flights to Bangkok, Colombo, and Kathmandu to meet the growing passenger demand. Effective July 7, 2025, Air India will add a sixth daily flight between Delhi and Kathmandu, increasing frequency from 35x weekly to 42x weekly. Air India will add a second daily flight between Delhi and Colombo, doubling the route's frequency from 7x weekly to 14x weekly. The Tata Group airline will add a third daily flight between Mumbai and Bangkok, increasing frequency from 13x weekly to 18x weekly. Air India said in a ...Read More >