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.
Members of the Centre of Indian Trade Unions (CITU) observed a "black cay" here on Wednesday in protest against the implementation of the four labour codes by the Union government. The protesters, wearing black ribbons tied across their foreheads, gathered at Sardar Vallabhbhai Patel Chowk and set ablaze an effigy and a poster symbolising the labour codes rules, expressing their strong opposition. The activists raised slogans condemning the Union government's move, as workers held placards and
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 >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Hyderabad: The Telangana Legislative Assembly on Monday passed a Bill aimed at the welfare of gig workers. State Labour Minister G Vivek Venkatswamy, who moved the Telangana Platform-Based Gig Workers (Registration, Social Security and Welfare) Bill, 2026, said Congress leader Rahul Gandhi had met gig workers during his 'Bharat Jodo Yatra' and listened to their problems. In view of the absence of job security, minimum wages and health screening for gig workers, Rahul Gandhi had suggested that the government hold a dialogue with aggregators and labour unions and enact legislation for their wel ...Read More >
New Delhi, Jul 8 (PTI) Banking, postal and other services are likely to face disruption on Wednesday as more than 25 crore workers affiliated with central and sectoral trade unions have announced to go on strike across the country to protest against new labour codes and privatisation, and press for demands such as minimum wage of Rs 26,000 and old pension scheme, according to union leaders. The general strike is expected to disrupt services in sectors like banking, insurance, postal, coal mining, highway and construction, a trade union official said. Also Read | PM Modi in Brasilia: PM Naren ...Read More >
New Delhi, July 9: A nationwide strike gripped India on Wednesday, as more than ten central Trade Unions, backed by farmer groups and rural worker organisations, launched a general shutdown in protest against the Centre's alleged "anti-worker, anti-farmer, and pro-corporate" policies. The 'Bharat Bandh' disrupted essential services across several states in the country. The protests remained peaceful across the nation, except in Tamil Nadu and West Bengal, where the protestors clashed with the police, after which some were detained. The strike is a coordinated action by key Trade Unions includ ...Read More >
Bhiwandi: Trade unions and workers' organisations staged a strong protest in Bhiwandi against the four labour codes introduced by the Centre and implemented by the state government, terming them "anti-worker" and a direct attack on hard-earned labour rights. CITU-Led Demonstration at Anand Dighe Chowk The protest was organised at late Anand Dighe Chowk under the leadership of Comrade Sunil Chavan, president of the CITU-affiliated Lal Bavta Powerloom Warper and Unorganised Workers' Organisation. Workers from multiple sectors, including powerloom, domestic work and the beedi industry, particip ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
Jammu: Chief Minister Omar Abdullah on Wednesday reaffirmed the government's commitment to phased regularisation of daily-wage workers, announced a Rajasthan-style behavioural training model to improve the tourism experience in Jammu and Kashmir, and informed the Assembly that 578 illegal constructions had been identified in tourist destinations over the past three years. Replying to a private member's bill moved by CPI(M) MLA Muhammad Yousuf Tarigami seeking regularisation of casual and other workers in various government departments, the chief minister said the government had already commit ...Read More >
New Delhi: The central government has clarified in Lok Sabha that there is no proposal at present to raise the Employees' Provident Fund (EPF) interest rate to 10 percent. Labour and Employment Minister Shobha Karandlaje said that no formal request has been received from labour unions seeking such an increase. The statement came in response to an unstarred question on March 30, 2026, raised by Member of Parliament Vijayakumar alias Vijay Vasanth. The clarification puts to rest speculation about a sharp hike in EPF returns. No Proposal For 10 percent EPF Rate Karandlaje clearly stated that t ...Read More >
Shimla, Jul 7 (PTI) A farmer body, trade unions and people affected by the ongoing four-laning work at the Bhattakuffar area in Shimla will stage a protest outside the NHAI office on July 16 to demand compensation, A joint convention that included members of the Himachal Kisan Sabha, Centre of Indian Trade Union (CITU) and around 200 people from nine affected panchayats from Kathlighat to Dhalli announced the protest held on Monday. Houses of some people who house were pulled down and others whose properties are threatened by the road widening project of the National Highway Authority of Indi ...Read More >
PTC Web Desk: India is expected to witness a massive nationwide shutdown (Bharat Bandh) on July 9 as over 25 crore workers from key critical sectors, including banking, insurance, postal services, coal mining, highways, and public transport -- gear up for a day-long Bharat Bandh. The strike has been called by 10 central trade unions and their allied organisations to protest against the Centre's economic and labour policies, which they allege are anti-worker, anti-farmer, and pro-corporate in nature. Who is participating in the strike? More than 25 crore workers are expected to take part in t ...Read More >
Kolkata: Traffic movement in parts of Kolkata was heavily affected on Tuesday due to demonstrations and processions carried out as part of the Bharat Bandh called by several trade unions and farmer organizations. Major traffic diversions were put in place across the city. A large procession was reported on the Sealdah Flyover and AJC Bose Road, leading to temporary roadblocks and diversions during peak hours. Authorities also confirmed a significant demonstration at Raja SC Mullick Road, causing slow movement and congestion in the surrounding areas. Commuters were advised to avoid affected r ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector. Speaking to ANI about the scheme, fo ...Read More >
New Delhi [India], July 9 (ANI): BJP MP Praveen Khandelwal on Wednesday said that there is no effect of the Bharat Bandh on any commercial market across the country, adding that they are functioning at their regular pace. Bharat Bandh has been called by a joint forum of 10 central trade unions, alleging that the central government is pushing 'pro-corporate' policies. The statement issued by Khandelwal said, 'There has been absolutely no effect of the so-called Bharat Bandh on any commercial market across the country. Trading markets and commercial bazaars are functioning at their regular pac ...Read More >
In a scathing open letter, AICC General Secretary K C Venugopal accuses Kerala Chief Minister Pinarayi Vijayan of engaging in 'secret deals' with BJP leaders, sparking controversy ahead of the Kerala Assembly elections. Photograph: ANI PhotoKey PointsAICC General Secretary K C Venugopal accuses Kerala CM Pinarayi Vijayan of 'secret deals' with BJP leaders.Venugopal questions Vijayan's meetings with Amit Shah and Nirmala Sitharaman, alleging hidden agendas.The open letter raises concerns about th ...Read More >
New Delhi: A nationwide strike has been called on Wednesday, July 9, 2025, by a joint platform of 10 central trade unions along with farmers' and rural workers' organisations. According to the reports, over 25 crore workers - from sectors ranging from banking and insurance to postal services to coal mining - are expected to participate in the bandh. The strike, called by a joint forum of 10 central trade unions, has been described as a 'Bharat Bandh' to protest against what the unions label as "anti-worker, anti-farmer, and anti-national pro-corporate policies" of the central government. The ...Read More >
Hyderabad: Several public services in Hyderabad may be impacted on Wednesday, July 9, as a nationwide Bharat Bandh called by central trade unions is expected to see participation from lakhs of workers across sectors. The strike, backed by a forum of 10 trade unions, is being held in protest against what the unions call "anti-worker, anti-farmer, and pro-corporate" policies of the central government. ...Read More >
New Delhi: Employees and workers affiliated with 10 central trade unions went on a day-long strike Wednesday, but essential services remained unaffected. There were reports of the strike impacting a select few services in Kerala, Jharkhand, and Puducherry. The forum has claimed that 25 crore workers are being mobilised for the "general strike" in protest against the new labour codes, along with other issues. All India Trade Union Congress General Secretary Amarjeet Kaur told PTI that the general strike started across the country Wednesday morning and she has received reports and pictures of ...Read More >
Kolkata (West Bengal) [India], July 10 (ANI): Tensions flared in Kolkata New Alipore after truck owners association accused the police of vandalizing at least 30 trucks over a parking issue without any prior notice. Kolkata Police said that three personnel were suspended in this case. Pankaj Kumar, head of the Alipore Truck Owners Association, stated that no prior notice was issued by the police regarding this matter. This has been done by New Alipore Police. We received a call yesterday and we sent driver immediately. As soon as they went ahead to move the vehicles, they were beaten up. Yo ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Workers' welfare has always been a focal point of the Government's initiatives under the vision of Prime Minister Narendra Modi, Union Minister for Labour and Employment, Mansukh Mandaviya, said on Tuesday. While inaugurating the Labour and Employment Summit-2025 here, he elaborated on the need to make the Labour Codes effective to give primacy to workers' interests, and drew attention to the extensive dialogue between the government and trade unions in drafting the Codes, to take the concerns of workers into account while framing the provisions. Mandaviya ...Read More >
New Delhi [India], July 1 (ANI): Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and capital-constrained sectors. Many have compared its potential impact to that of the Production Linked Incentive (PL ...Read More >
Thiruvananthapuram, Jul 8 (PTI) Kerala Transport Minister K B Ganesh Kumar said that state-run KSRTC buses would continue operating on Wednesday, despite central trade unions calling for a nationwide strike. Speaking to reporters, the minister said the Kerala State Road Transport Corporation (KSRTC) had not received any formal notice from trade unions indicating participation in the strike. "There is no situation in KSRTC at present that warrants employees joining the agitation," he said. "As far as KSRTC is concerned, employees are happy and content. The unions have not issued any notice. ...Read More >
Thoothukudi (Tamil Nadu) [India], July 9 (ANI): Sanitation workers from the Thoothukudi Corporation staged a protest on Wednesday, demanding better working conditions, the provision of essential equipment, and adequate payment for their services. The workers alleged that they were provided neither gloves nor face masks, essential tools for their safety, and claimed that their pay was insufficient. The protesters further demanded the implementation of the minimum wage, as promised by the Thoothukudi District Administration Chairman in 2024. Police were deployed at the scene to ensure law and ...Read More >
Ludhiana: Several labour unions and employee federations in Ludhiana joined the 'Bharat Bandh', protesting the increasing contractualisation of jobs, the dilution of labour laws, and "anti-worker and pro-corporate" policies of the govt. They demanded the regularisation of contractual workers in the transport sector. Jagtar Singh, general secretary of the PRTC Contract Workers Union, said that PRTC and Punbus staff were observing a three-day strike, highlighting that nearly 7,000 employees in both services continued to work on a contractual basis and faced acute job insecurity. He urged the Pun ...Read More >
Lucknow, Aug 26 (PTI) Chief Minister Yogi Adityanath on Tuesday said there will be guaranteed minimum wages for all working youths in Uttar Pradesh, making it the first state with such an initiative in the country. Adityanath said companies must pay their employees fairly, while the state government will bear any additional burden, ending any scope of worker exploitation. Inaugurating the three-day "Rozgar Mahakumbh 2025" in Lucknow, the chief minister said labour laws are being modernised to protect workers' rights while ensuring industries operate smoothly. The initiative will guarantee d ...Read More >
Gig work, symbolised by crowd work, on-demand work and freelancing, has expanded rapidly worldwide. The convenience of being able to accept work with just a smartphone has provided many with flexible working arrangements. Behind this sense of convenience for consumers, however, lurk issues such as unstable working conditions and exclusion from social security for the gig workers. Gig workers are usually denied rights as regular employees. Consequently, they have been pushed outside the scope of ...Read More >
Jharkhand Governor Santosh Gangwar on Wednesday (December 11, 2024) said all-round development of the State's people is possible only with mutual cooperation between the Centre and the State. The newly elected government will work to carry forward the healthy tradition of the federal structure, Mr. Gangwar said while addressing the maiden session of Jharkhand Assembly. "All-round development of the people of the State is possible only with mutual cooperation between the Centre and the State. We all are in favour of this belief. Our government will work to carry forward the healthy tradition ...Read More >
Chennai (Tamil Nadu) [India], May 2 : Extending his greetings on International Labour Day, Tamil Nadu Chief Minister MK Stalin on Monday announced the withdrawal of the amendment to the Tamil Nadu Factories Act stating that the state government will never compromise with the welfare of the labours. While addressing the May Day celebrations in Chennai, Stalin said, "To attract huge investments in Tamil Nadu and to create employment opportunities for thousands of youngsters from North and South Tamil Nadu, the Government introduced one bill. That was not for all Industries and only for specific ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector. Speaking to ANI about the scheme, fo ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a testament to Prime Minister Modi's development model. Addressing a press conference here on Tuesday, P ...Read More >