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, April 1 (SocialNews.XYZ) Members of the 8th Pay Commission have begun consultations on the proposed salary revision for central government employees and pensioners. A key meeting is scheduled in Dehradun for April 24, where representatives of employee unions, pensioners' associations, and other stakeholders are expected to present their views on pay structures, allowances, and pension-related issues. Members of the commission are expected to visit various other parts of the country well to hold similar meetings in order to get better acquainted with the problems faced by employees and retirees. The feedback collected from these meetings will help the Commission decide how much salaries, pensions and benefits should be revised in the future. The Commission said that if any group wants to share their views, they need to request an appointment in advance. The notice, dated March 30, read, "A team of the 8th Central Pay Commission shall be visiting Dehradun, Uttarakhand on April 24. Interested stakeholders, including central government organisations/institutions and unions/associations desirous of interacting with the Commission at Dehradun, may kindly submit their request seeking an appointment on or before April 10." After that, the Commission will inform selected participants about the exact venue and timing of the meeting. "Venue details and meeting schedule shall be intimated subsequently," the statement said. Anyone who wants to attend the 8th Pay Commission meeting must send an email request by April 10. Only those who apply before this deadline will be considered for the meeting. After that, the Commission will review the requests and inform selected participants about the exact venue and timing. All official details and updates related to the process are available on the Commission's website. Employee unions, pensioners' associations, organisations, and even individuals can send their views on salaries, allowances, pensions and other service-related issues. The Commission has created an online portal where people can submit their suggestions in the form of memorandums until April 30. It has also shared a questionnaire to collect structured inputs. The deadline to send these inputs is April 30. After that, the Commission will review all the feedback collected from both meetings and written submissions before preparing its recommendations. Over 1.1 crore central government employees and pensioners are looking for sign of an accelerated rollout of the 8th Pay Commission. The panel has been given an 18-month deadline to submit its report.
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 >
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 >
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 >
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 >
Inflows into corporate bond funds have risen to multi-year highs in recent months with the risk-reward dynamics of AAA-rated corporate bonds improving significantly vis-a-vis government securities (g-secs), especially in the near term. The inflows into corporate bond funds jumped sharply in September 2024 to a multi-year high of Rs 5,039 crore. Investors poured in another Rs 4,644 crore in October. Including around Rs 2,200 crore estimated inflows in November, the three month tally rises to Rs 1 ...Read More >
Mumbai, May 21: The 8th Pay Commission has been officially announced by the Indian government, with no doubt a significant activity for some 1 crore central government employees and pensioners for the consideration of the revisions of salaries and pensions. The primary role of this commission will be to identify the fitment factor, the multiplier used to increase basic pay, and review minimum wages and keep them relevant to the current economic situation. A prominent recommendation from the Staff Side indicates a desire to combine lower pay levels for a fairer wage structure and to facilitate ...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 >
Bhubaneswar, Dec 3 (PTI) Odisha MLAs across party lines on Tuesday demanded an increase in their salaries and enhanced pensions for former lawmakers. The issue was raised during Zero Hour by Opposition chief whip Pramila Mallik, supported by members from both Congress and BJP. Mallik emphasised the need to increase the pension of former MLAs, saying they were struggling to manage due to rising market prices and medical expenses. She pointed out that a committee formed by the previous government had already submitted a report recommending an increase in the salary of MLAs to Rs 2.5 lakh per ...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 >
The Indian government has awarded fiscal incentives totaling Rs 4,150 crore to four companies, including the BCGCL joint venture, for developing coal gasification projects aimed at producing ammonium nitrate, synthetic natural gas, and ethanol. This initiative is part of India's Rs 8,500 crore Coal Gasification Incentive Scheme. In a strategic move, the Indian government on Thursday granted fiscal incentives amounting to Rs 4,150 crore to four companies to bolster coal gasification projects. Amo ...Read More >
New Delhi, January 31: Prime Minister Narendra Modi on Friday said that the new BJP government will probe all corruption cases against the 'AAPda' government to bare its 'kuccha chittha' (dubious deals) and vowed to rid the city of 'loot aur jhooth ki Aapda' (disaster of lies and loot). Addressing an election rally in Dwarka ahead of the February 5 Assembly polls, PM Modi said after the BJP government is formed, an Assembly session will be called to table the CAG report to expose the financial lapses of the 'AAPda' government. "Jinhone Dilli ko loota hai, unhe lotana hi parega (Those who have ...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 >
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 >
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 >
New Delhi, Jan 8 (VOICE) BJP MP Ramvir Bidhuri on Wednesday slammed the Aam Aadmi Party (AAP) leaders for their sit-in protest outside the Flagstaff Road house that was used as his official residence by Arvind Kejriwal when he was the Chief Minister of Delhi, urging them to "have patience" as the so-called 'Sheesh Mahal' would soon be opened to the public. The remarks followed AAP leaders Sanjay Singh and Saurabh Bharadwaj's protest after being denied entry to the Flagstaff Road bungalow by the Delhi Police. The AAP leaders had arrived at Arvind Kejriwal's former official residence on Flagsta ...Read More >
Punjab News: Union Railway Minister Ashwini Vaishnaw announced on Monday that the Indian Railways has allocated ₹5421 crore to enhance railway infrastructure in Punjab. Union Railway Minister Ashwini Vaishnaw announced on Monday that the Indian Railways has allocated ₹5421 crore to enhance railway infrastructure in Punjab. The announcement, made via video conferencing, highlighted that this year's funding is 24 times higher compared to the period between 2009-2014. The minister revealed that 30 Amrit Stations are being developed in Punjab at a cost of ₹1122 crore, while 34 Amrit Stations are ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
Heavy rains across Tamil Nadu have led to school closures in several districts, including Chennai, on Thursday. The India Meteorological Department (IMD) has issued a yellow alert, predicting moderate rains and light thunderstorms in parts of the state. Rainfall figures show significant precipitation in multiple areas. Meanwhile, Northern India braces for a cold wave beginning December 9, with the IMD forecasting plunging temperatures in Rajasthan, Punjab, Haryana, and Uttar Pradesh.Schools acros ...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 >
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 >
The BJP has accused Rahul Gandhi of collaborating with "anti-India international forces," citing a Mediapart report on OCCRP's funding and Gandhi's meetings with alleged Modi government critics. The party highlighted the timing of reports critical of India coinciding with parliamentary sessions, including those on farmers, Pegasus, Hindenburg, and the BBC documentary.BJP on Thursday accused Lok Sabha's Leader of Opposition Rahul Gandhi of colluding with 'anti-India international forces'. The ruli ...Read More >
Delhi Elections 2025 Date and Time: Delhi elections 2025 is set to be held on February 5. The term of the 70-member Delhi assembly ends on February 23, and Arvind Kejriwal-led Aam Aadmi Party is aiming for a third consecutive term. However, the Bharatiya Janata Party (BJP) is giving it a neck-to-neck competition to claim Delhi's throne after a long wait. This is to be reiterated that Delhi is not a state but a union territory and is officially known as the National Capital Territory (NCT) of Delhi. Along with an elected Assembly, it also has a Lieutenant Governor appointed by the Union Govern ...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 >
Kolkata: The Enforcement Directorate (ED) conducted raids at multiple locations in West Bengal in connection with irregularities in the medical admissions in the state under the non-resident Indian (NRI) quota. The irregularities in medical admissions come after a major recruitment scam in Bengal in 2022, where former Education Minister Partha Chatterjee and his close aide were arrested. The raids and search operations were conducted in multiple locations in the state. ED reportedly started the investigation based on a complaint filed in the Electronic Complex Police Station under Bidhannagar ...Read More >
Kochi: The High Court has directed the Kerala state government to convince the central government that the state deserves more assistance for the Wayanad landslide disaster. The division bench also expressed its readiness to mediate between the central and state governments in this regard. According to the latest figures, the state disaster relief fund holds around Rs 700 crore, but only Rs 61 crore is available for expenditure, as reported by the amicus curiae. Kerala: Court orders inclusion of abetment charges against police officers in Dalit youth suicide case The Kerala state government ...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 >
The Assam government is all set to make 'Lakhpati Didis' out of 30 lakh self-help group members by pumping an annual business of Rs 30,000 crore. The ambitious plan is part of the roadmap prepared by the Assam Panchayat and Rural Development for a period extending to 10 years. At present, approximately 8.5 lakh women will earn Rs 1 lakh per year by themselves through business under the Lakhpati Didi vision. According to Ranjeet Kumar, the minister for Panchayat and Rural Development in Assam, th ...Read More >