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.
Kolkata, Nov 7 (PTI) The Calcutta High Court on Friday directed the Centre to immediately implement the MGNREGA scheme in West Bengal, while granting four weeks' time to file an affidavit regarding payment of arrears to beneficiaries. Passing an interim order, a division bench comprising Acting Chief Justice Sujoy Paul and Justice Partha Sarathi Sen said, "So far as payment of arrears is concerned, four weeks' time is granted to the Centre and other respondents to file their affidavit-in-opposition." Reply to the averments made in the affidavits-in-opposition may be filed by the petitioners within two weeks therefrom, Acting Chief Justice Sujoy Paul directed. The PILs being heard together over Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) payment to beneficiaries will be taken up for hearing again after six weeks, the court directed. The court observed that it had earlier disapproved of the Union government's action in stopping MGNREGA benefits to the state. That judgment was later challenged before the Supreme Court, but the Centre's special leave petition was dismissed on October 27. During the hearing, the petitioners argued that while the respondents may submit their response on the arrears issue, there was no impediment to implementing the MGNREGA scheme prospectively. Additional Solicitor General Ashoke Kumar Chakraborty, representing the Union government, stated before the court that there is no impediment in implementing MGNREGA in prospective effect. The court said the question of maintainability of the applications will remain open to be decided. The HC had in its June 18 judgment said the Centre is empowered to impose special conditions, restrictions and regulations, which have not been imposed in other states of the country, so as to ensure that no illegality or irregularity occurs when the scheme is being implemented in the state. Noting that the wages for the 100-day job guarantee scheme was not being paid for around three years in West Bengal over allegations of irregularities and illegalities in disbursals to some of the recipients, the court asked the central government to impose checks and balances as required to ensure that real beneficiaries get the benefits of the funds. Allowing the Centre to continue its inquiry into the allegations of irregularities in some districts of the state, a division bench presided by the then Chief Justice T S Sivagnanam had directed that the scheme be implemented prospectively with effect from August 1. PTI AMR MNB
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 >
New Delhi, Dec 4 (PTI) "On the face of it you are a corrupt person. Crores of rupees were recovered from your premises," the Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. "On the face of it you are a corrupt person. Crores of Rupees were recovered from your premises. Wha ...Read More >
New Delhi: The Supreme Court on Tuesday said the Karnataka government and the Centre should resolve the issue in connection with the release of financial assistance from the National Disaster Response Fund (NDRF) to the state for drought management. The matter came up before a bench comprising justices B R Gavai and K V Viswanathan. Attorney General R Venkataramani, appearing for the Centre, requested the bench that he needed some time to file an affidavit in the matter. "You should resolve it," the bench said. During the hearing, the bench queried, how much amount has been released so far? ...Read More >
BJP member Manas Dutta blamed the previous BJD government and held it responsible for not extending their service agreement which ended in April, 2024. As hundreds of women working as support staff under the Mission Shakti department staged a demonstration outside the Assembly over different issues, the opposition BJD on Monday demanded immediate release of their salaries. While the agitating women were shouting slogans at the Mahatma Gandhi Road leading to the Assembly, the issue was raised in ...Read More >
In a regulatory filing on Thursday, the company stated that the NCLAT, through its order dated December 12, 2024, has "appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd." NBCC will oversee the completion of these projects, which include 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The projects include Ecovillage-2, Romano, Capetown, Czar Suites, Eco-Village 3, Sports Village, and Eco-Citi ...Read More >
New Delhi, Dec 17 (PTI) Congress MP Shashi Tharoor on Tuesday hit out at the government, saying voting at the introduction stage of two bills on simultaneous elections in the Lok Sabha showed the BJP did not have the two-third majority required to pass a constitutional amendment. Two bills that lay down the mechanism to hold simultaneous elections were introduced in the Lok Sabha after a fiery debate on Tuesday. Opposition parties dubbed the draft laws -- a Constitution amendment bill and an ordinary bill -- as an attack on the federal structure, a charge rejected by the government. "We (th ...Read More >
Chandigarh, Dec 18 (PTI) Noise levels exceeded the prescribed limits during singer-actor Diljit Dosanjh's concert here on Saturday, the Chandigarh administration told the Punjab and Haryana High Court on Wednesday. The submission was made by the administration before a division bench of the high court. "Strict action" has been recommended against the violators, the court was further informed. On December 13, the high court had allowed Dosanjh's event scheduled to take place the next evening, with a direction that the organisers comply with the noise pollution regulations. While greenlighti ...Read More >
New Delhi [India], December 18 (ANI): The Supreme Court on Wednesday asked Punjab authorities to promptly tackle the health situation of farmers' leader Jagjit Singh Dallewal who is on fast unto death for over 20 days and to take "extraordinary steps" to ensure his health. A bench of Justices Surya Kant and Ujjal Bhuyan cautioned Punjab authorities on the repercussions if anything untoward happens to the farmer's leader. Also Read | 'Mukadma, Mulzim, Ilzam, Ittila, Chashmdeed': BJP Government in Rajasthan To Replace Urdu Terms in Policing With Hindi Words. "The entire state machinery will b ...Read More >
New Delhi, Jan 14 (PTI) The Delhi High Court on Tuesday sought the stand of comptroller and auditor general of India (CAG) on a PIL seeking its 14 reports on city administration to be made public. A bench of Justices Yashwant Varma and Harish Vaidyanathan Shankar asked CAG to explain why its report could not be made public, and posted the hearing on January 24. Also Read | Karnataka Shocker: Woman Throws 4 Children Into Canal in Vijayapura Allegedly Due to Financial Distress, 2 Bodies Recovered. Brij Mohan, a retired civil servant, who filed the PIL said the voters in Delhi must be aware of ...Read More >
Mumbai, Jan 27 (PTI) The Bombay High Court on Monday suggested Abhishek Lodha and his brother Abhinandan Lodha to try and amicably resolve the issue over the use of 'Lodha' trademark. The Abhishek Lodha-promoted Macrotech Developers Ltd earlier this month filed a suit in the HC against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming the name 'Lodha' was their trademark and no one else could use it. The suit sought Rs 5,000 crore as damages from Abhinandan Lodha's company. In an interim application, Macrotech Developers sought a perpetual injunction against the defen ...Read More >
New Delhi: The Supreme Court on Tuesday directed the Jacobite Syrian Church to hand over the administration of six churches in Kerala to the Malankara Orthodox Syrian Church faction. The matter came up before a bench comprising Justices Surya Kant and Ujjal Bhuyan. The bench said that the members of the Jacobite Syrian Church were in contempt for "wilfully disobeying" the 2017 judgment. The bench directed the Jacobite faction to hand over the administration of three churches each in Ernakulam and Palakkad districts to the Malankara faction. The bench also asked the Jacobite faction to file a ...Read More >
New Delhi: The Union Cabinet cleared the bill for the 'One Nation, One Election' proposal on Thursday (December 12). This development comes as Prime Minister Narendra Modi and the NDA have been repeatedly advocating for this initiative asserting that it will "strengthen the democracy" by holding simultaneous elections in the country. "Elections are held at different places every few months and it hampers the developmental work and all of you know it. Therefore, it is must to have deep study and deliberation on 'One Nation, One Election'," the PM said. "Only one voters' list should be used f ...Read More >
New Delhi, Dec 12 (VOICE) The Supreme Court on Thursday ordered that no fresh suits would be registered under the Places of Worship Act in the country, and in the pending cases, no final or effective orders would be passed till further orders of the Apex Court. A Special Bench headed by CJI Sajiv Khanna asked the Union government to file within four weeks its reply to the clutch of petitions challenging the validity of the 1991 Act, which prohibits the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. The Bench, also c ...Read More >
Mumbai: The Bombay High Court has raised concern over terminally ill prisoners languishing in Maharashtra's jails and asked the state govt to consider proper implementation of an advisory on grant of medical bail or to place them in house arrest. A division bench of Justices Revati Mohite Dere and Prithviraj Chavan on Monday said they visited the Yerwada central prison in Pune on Sunday and met with prisoners, particularly women inmates, and inspected the condition there. The bench referred to a ...Read More >
Bengaluru, Jan 13 (PTI) The Karnataka High Court has dismissed on Monday an appeal by J Deepak and J Deepa, the legal heirs of late Tamil Nadu Chief Minister J Jayalalithaa, seeking the release of her assets confiscated in a 2004 disproportionate assets case. Jayalalithaa was convicted by a special court in 2014 for amassing wealth disproportionate to her known sources of income during her tenure from 1991 to 1996. Following her conviction, her properties were confiscated by the authorities. Although she was acquitted by the Karnataka High Court in 2015, then congress government in Karnataka ...Read More >
The Supreme Court overturned a Madras High Court decision. The high court had refused to dismiss defamation charges against Union minister L Murugan. Murugan faced these charges over statements made in 2020. The Supreme Court accepted Murugan's argument. He said he did not intend to defame the Murasoli Trust. The case is now closed.The Supreme Court on Thursday quashed criminal defamation proceedings against Union minister L Murugan on a complaint filed by the Chennai-based Murasoli Trust for his ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
Belagavi (Karnataka), Dec 12 (PTI) Tensions flared in the Karnataka Assembly on Thursday as BJP MLAs barged into Speaker U T Khader's chamber, expressing strong objections to his handling of the proceedings. The confrontation came amidst heated debates over the recent police lathi charge on Panchamasali Lingayat protesters, with the ruling Congress and opposition BJP trading accusations. The issue arose when Congress MLA Vijayanand Kashappanavar, himself a leader of the Panchamasali Lingayat community, criticized the decision of previous BJP government to scrap the 4 per cent Muslim reservati ...Read More >
New Delhi: In a significant ruling, the Supreme Court has directed that no new lawsuits related to places of worship (temples, mosques, or shrines) can be filed until further notice. This decision was made during the ongoing hearing of petitions challenging the Places of Worship (Special Provisions) Act, 1991. The ruling prohibits the lower courts from issuing any survey orders or interim orders that might alter the status or nature of any religious site. The bench, comprising Chief Justice Sanjiv Khanna, Justice Sanjay Kumar, and Justice K.V. Vishwanathan, issued this order while hearing sev ...Read More >
Nagpur, Dec 15 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday slammed the opposition parties, accusing them of not believing in the Constitution. Fadnavis landed in Nagpur to a grand welcome from party workers and people. Talking to reporters at Nagpur airport, Fadnavis said, "It is a joyous moment that after becoming the chief minister, I have come to my janmabhoomi and karmabhoomi (birthplace and workplace). Nagpur is my family, and it is welcome by my family." Fadnavis took oath as the chief minister for the third time on December 5 after the Mahayuti combine swept the Novem ...Read More >
ISKCON Kolkata has raised concerns with India over ongoing persecution of its monks and Hindu communities in Bangladesh, following the arrest of monk Chinmoy Krishna Das. ISKCON Kolkata has seriously raised concerns with the Indian government over the ongoing persecution of its monks and Hindu religious communities in Bangladesh. This is after the recent arrest of monk Chinmoy Krishna Das, a development that is very worrying in light of a series of attacks on members of the Hindu Vaishnavite order and other minority communities. ISKCON Kolkata spokesperson Radharaman Das shared with PTI that ...Read More >
New Delhi: The Supreme Court on Monday sought a response from the Election Commission (EC) on a PIL challenging its decision to increase the maximum number of voters per polling station from 1,200 to 1,500, saying it is "concerned".A bench comprising Chief Justice of India (CJI) Sanjiv Khanna and Justice Sanjay Kumar asked senior advocate Maninder Singh, appearing for the poll panel, to file a short affidavit explaining the rationale behind the decision. ...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, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
Kolkata: BJP on Saturday criticised urban development minister Firhad Hakim over a video where the Kolkata mayor is purportedly heard making a comment on minorities. Hakim had made the comment while addressing an educational conference recently. Hakim said BJP was using his quote out of context and he was only referring to the gulf between the educated and the uneducated. "As education spreads, the gulf will be bridged and there will be one identity," said Hakim. Saying that he would never play ...Read More >
Punjab farmer leader Jagjit Singh Dallewal's hunger strike enters its 17th day. His health is critical. The Supreme Court urges dialogue between the government and Dallewal. Dallewal demands MSP guarantee and other farmer-centric issues. He has written an open letter to the Prime Minister. Farmers' organizations continue their protests at the Punjab-Haryana border.The Supreme Court on Friday expressed serious concern over the deteriorating health of Punjab farmer leader Jagjit Singh Dallewal, who ...Read More >
New Delhi, January 13 (VOICE) Acting swiftly on the recommendation made by the Supreme Court Collegium, the Centre on Monday cleared the appointment of Patna High Court's Chief Justice Krishnan Vinod Chandran to the apex court. In a post on X, Union Minister for Law and Justice Arjun Ram Meghwal announced that the President, after consultation with the Chief Justice of India (CJI), was pleased to appoint Justice Chandran as a Supreme Court judge. "In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President is pleased to appoint Shri Justice Kri ...Read More >
New Delhi, January 27: The Supreme Court has upheld an order passed by the apex court registry in August 2024 refusing to admit a lawyer's application seeking direction to SEBI to submit its conclusive probe report into the Adani-Hindenburg controversy. Advocate Vishal Tiwari had moved an appeal against the order passed by the Registrar on August 5 last year. Earlier on July 15, 2024, the top court had dismissed a review petition filed against its earlier verdict refusing to form any SIT or group of experts to conduct an investigation. After perusing the review petition, a bench, headed by th ...Read More >
Dhanbad/Gumla, Dec 4 (PTI) Thousands of people from various Hindu organisations on Wednesday took out rallies in Jharkhand's Dhanbad and Gumla cities in protest against the attacks on Hindus in Bangladesh and the arrest of spiritual leader Chinmoy Krishna Das. Demanding the immediate release of Das, the protesters urged the Indian government to intervene and stop the atrocities being perpetrated on minority Hindus in the neighbouring country. In Dhanbad, Hindu Rashtriya Samanvya Samiti (HRSS) organised the protest, which was attended by members of Dhanbad ISKCON, Bajrang Dal, BJP and other o ...Read More >
INDIA bloc MPs, donning black jackets with slogans like "Modi Adani Ek Hai", protested at Parliament demanding a joint probe into the Adani issue. Priyanka Gandhi Vadra accused PM Modi of evading discussion on the "Adani mega scam" while defending Adani's alleged corruption. Rahul Gandhi asserted that Modi won't investigate Adani as it would be like investigating himself.Congress leader Priyanka Gandhi Vadra Thursday said the country's people want the "Adani mega scam" to be discussed in Parliame ...Read More >