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.
Margao: Goa's fish production peaked at 140.3 tonnes in 2022-23, marking the highest output in eight years, before dropping to 135.7 tonnes in 2023-24.The latest data released by the Union ministry of statistics and programme implementation in the 'EnviStats India 2025: Environment Statistics' report shows that the fishing sector weathered significant challenges over the past decade.From 111.9 tonnes in 2015-16, fish production showed steady growth, peaking at 124 tonnes in 2017-18. However, the industry faced challenges in the subsequent years, declining to 120 tonnes in 2018-19.The worst time for this sector came during 2019-20, when production plummeted to 105 tonnes, the lowest point in the data series, representing a 15.3% drop. The downturn continued into 2020-21, though production recovered to 111 tonnes.The recovery gained momentum in 2021-22 with production reaching 116.2 tonnes, followed by a significant surge to 140.3 tonnes in 2022-23, representing a 21% increase and the highest production levels since data collection began.The decline to 135.7 tonnes in 2023-24, industry watchers said, is a cause for concern, but recovery is definitely possible. The consistent performance above 135 tonnes in recent years showed resilience in the sector, they said.
Kolkata: Thirty-four fishermen from Kakdwip in two fishing trawlers were allegedly detained by the Bangladesh Navy in the early hours of Monday for allegedly crossing into Bangladeshi waters while fishing in the Bay of Bengal. According to sources, the two trawlers -- FV Jhor and FV Mangalchandi -- were intercepted about 77 nautical miles from the Fairway Buoy of Mongla Port in Bangladesh.Bangladesh media reported that a Bangladesh Navy patrol vessel spotted the trawlers fishing within their exclusive economic zone and detained the crew along with the boats and fishing equipment. The fishermen ...Read More >
New Delhi: The Lakshadweep administration plans to acquire Bitra Island of the Union Territory for transfer to relevant defence and strategic agencies of the Government of India. "The initiative is necessitated by the strategic location of the island, its national security relevance, and the inherent logistical and administrative challenges associated with civilian habitation," a notification issued by Lakshadweep's department of revenue on July 11 said. Bitra is an island covering around 91,700 sq m (0.091 sq km) and has a population of around 350. Residents have pointed out that the move c ...Read More >
-- the proposed Sethusamudram / Sethudundaram project (a shipping canal or bridge between India and Sri Lanka through the Palk Strait) would have far-reaching implications for Sri Lanka. Let's break them down into political, geographical/environmental, and financial/economic aspect 1. Political Implications * Strategic Balance in the Region * India's construction of a bridge or canal would consolidate its influence over the Palk Strait and Gulf of Mannar, potentially reducing Sri Lanka's leverage over regional shipping routes. * Sri Lanka may lose some control over maritime access current ...Read More >
New Delhi [India], April 3 (ANI): India's fisheries sector has emerged as a major contributor to food security, employment, export earnings and sustainable livelihoods, backed by a record ₹39,272 crore investment by the Government of India since 2015. According to an official press release issued by the Ministry of Fisheries, Animal Husbandry & Dairying, the sector supports nearly 30 million fishers and fish farmers at the primary level and almost twice as many across the value chain. Ranked t ...Read More >
MUMBAI: A directive from the state prohibiting the sale of fish at Sassoon Docks, one of Mumbai's oldest and most active fish landing sites, has stirred the waters for the fishing community, especially Kolis at Colaba and Cuffe Parade. The ban on fish sales, recently imposed by the Maharashtra state fisheries department, is a first at the dock and, according to the Koli community, oversteps the annual ban on fishing during the monsoon from June 1 to July 31. While the community acknowledges the need to prohibit fishing during the monsoon months, as it protects marine biodiversity during the b ...Read More >
Agartala, Tripura's Agriculture & Farmer Welfare Minister Ratan Lal Nath on Saturday said the government is contemplating reviving a dormant pineapple juice factory in North Tripura's Nalkata based on a public-private partnership model. The minister announced this while addressing a pineapple festival at Kumarghat in Unakoti district. The North Eastern Regional Agricultural Marketing Corporation Ltd , a central government enterprise, used to operate the food-processing unit till the nineties. ...Read More >
Monsoon rainfall trends caused the sudden surge of juvenile Indian oil sardines along Kerala's coast in 2024 and the subsequent ecological and economic fallout, according to a study by the ICAR-Central Marine Fisheries Research Institute (CMFRI). The study, published in Current Science, highlighted how climate-driven oceanographic changes shape the boom-and-bust cycles of this vital fishery, underscoring the urgent need for dynamic fishery forecast models and harvest rules, according to a commun ...Read More >
Mumbai: Fishermen will get electricity concessions like farmers. Upto 44% electricity tariff will be waived. The concession is applicable due to the agricultural status given to fishing business.The concessions are applicable to fishermen, fish breeders and fish traders. A Govt Resolution (GR) by the fisheries department was issued to apply electricity tariff concession to fishing business projects at the same rate as agriculture. Fisheries minister Nitesh Rane said registration under National Fisheries Development Board (NFDB) is required to avail the concession."In the backdrop of giving equ ...Read More >
Ongole: In a matter of pride for Prakasam district, Gundamala Gram Panchayat of Kothapatanam mandal has been selected for the prestigious Deen Dayal Upadhyaya Panchayat Satatva Vikas Puraskar, a national-level award conferred by the Union Ministry of Panchayati Raj for outstanding local governance. The panchayat, home to approximately 2092 residents across 824 households, is a coastal fishing community surrounded by mangrove forests. It has been recognised under the 'Self-Sufficient Infrastructure Panchayat' theme for delivering comprehensive, service-oriented infrastructure to its residents. ...Read More >
New Delhi [India], July 12 (ANI): Assam Chief Minister Hemanta Biswa Sarma on Saturday, inaugurated India's first Aqua Tech Park in Sonapur, Assam, with an aim to boost fish production. Additionally, this will help in generating earning opportunities in the state of Assam. Also Read | Air India Plane Crash: AAIB Report Preliminary, We Can't Say Anything Definite at This Point, Says MoS Civil Aviation Murlidhar Mohol (Watch Video). "India's first Aqua Tech Park inaugurated in Sonapur, Assam. Dedicated the Aqua Tech Park,a first of its kind in India which will greatly boost fish production an ...Read More >
Patna, July 19 (SocialNews.XYZ) In a major action against corruption, the State Vigilance Unit (SVU) on Saturday arrested Sub-Inspector Putul Kumari, the SHO of the Women's Police Station in Samastipur, for accepting a bribe of Rs 20,000. Her driver was also arrested in the case. The arrest has created a stir within the police department. According to an official, Putul Kumari was caught red-handed while taking the bribe from Rajiv Ranjan, a resident of Chhatauna village under Mufassil police station limits, in connection with an assault case. Rajiv Ranjan had filed a written complaint with ...Read More >
Kochi: A study by the Central Marine Fisheries Research Institute (CMFRI) has concluded that changes in monsoon rainfall were responsible for the unexpected proliferation of small sardines along the Kerala coast last year and the subsequent ecological and economic impacts. The study analyzed marine biological factors in Kochi, Vizhinjam, and Kozhikode. The research reveals that changes in the ocean due to climate change cause significant fluctuations in sardine availability. In 2012, Kerala recorded a historic catch of 4 lakh tons of sardines, which plummeted to a mere 3500 tons in 2021. How ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
New Delhi [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...Read More >
TIRUCHY: Tamil Nadu fishers who have been facing frequent arrests on charges of crossing the International Maritime Boundary Line (IMBL) at the Palk Strait would soon get a good news as the bilateral talks between India and Sri Lanka has witnessed positive approach and negotiations are being made to solve the mid-sea issues faced by the Indian fishermen particularly those who are from Tamil Nadu. Palk Street is a narrow strip of water separating Tamil Nadu and the Northern Province of Sri Lanka and the Gulf of Mannar, where the controversial Katchatheevu is situated. Sources revealed that fo ...Read More >
Thane, Apr 5 (PTI) A family from Maharashtra's Thane district was allegedly swindled of more than Rs 1.66 crore by a man who exploited their fear of "black magic" and promised them divine remedies through elaborate rituals and pilgrimages, police said on Sunday. The Kasarvadavali police district on April 2 registered a first information report (FIR) against Manjunath Shetty, a resident of Andheri in neighbouring Mumbai, based on the family's allegations that they were manipulated into paying the accused over a period of two years to "neutralise black magic" performed by a relative, an officia ...Read More >
ASSAM : Priyalin Gogoi, a Class 9 student from Dhakuakhana in Assam's Lakhimpur district, has made an unusual promise this year: he won't eat local fish until mid-July. This may sound peculiar to some, but for Priyalin, it's a small yet significant sacrifice. This is the fish breeding season and the state government has imposed a ban on fishing in designated areas to allow the fish to reproduce. Priyalin's decision is part of a larger movement initiated by Manash Pratim Dutta, a government schoolteacher and conservationist from Dhakuakhana. Along with Haripriya Gogoi, Meghali Das, Rakhipriya ...Read More >
Gandhinagar (Gujarat) [India], August 3 (ANI): For the year 2025-26, under Pradhan Mantri Matsya Sampada Yojana (PMMSY). Gujarat has been allocated a grant of Rs 50 crore. These approvals have been significantly boosting fisheries activities in Gujarat. It also aims to modernise the sector, improve traceability, and build a robust fisheries management system while ensuring the socio-economic welfare of fishing communities. From 2020-21 to 2024-25, the Government of India has approved projects (with multiple components) worth Rs 897.54 crore for Gujarat under PMMSY. Also Read | Delhi Fire: 1 ...Read More >
Visakhapatnam: Seafood exports to the European Union have increased by 20 per cent -- and exporters are widening their markets to offset the higher US tariff impact on exports from India. EU-bound exports reached 215,080 metric tonnes worth Rs 9,430 crore (US$ 1,125.6 million), led by shrimp, cuttlefish and squid in frozen form. Significantly, the EU has listed 102 new Indian fishery establishments for export from this country to European member countries. "Following the 50 per cent hike by the ...Read More >
PUNE: The Maharashtra government has retained the ready reckoner (RR) rates for the upcoming financial year; joint inspector general of registration (IGR) Rajendra Muthe said on Tuesday. This, despite the state's IGR department marginally missing its revenue target for 2025-26, collecting ₹60,568.94 crore -- about 95.38% of its target of ₹63,500 crore. Officials said that the RR rates have been retained after consultations with builders, citizens and NGOs owing to inflationary pressures and global uncertainties. Muthe told Hindustan Times, "We have strictly followed the state government's dir ...Read More >
A Kolkata-based Indologist said fish occupies a civilisational space in West Bengal. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Fish has become a key political symbol in West Bengal's assembly elections, linking food to identity * TMC accuses BJP of threatening Bengali culture by promoting vegetarianism and Hindi dominance * BJP candidates campaign with fish to counter allegations of being anti-fish and anti-Bengali culture Did our AI summary help? Let us know. Switch To ...Read More >
New Delhi: India's fish production has more than doubled over 10 years to 197.75 lakh tonnes in 2024-25 from 95.79 lakh tonnes in 2013-14, making it the second largest producer of marine products in the world, according to a factsheet put out by the Central government on Monday. Collectively, fisheries-related schemes implemented since 2014-15 have generated an estimated 74.66 lakh direct and indirect employment opportunities, underscoring the sector's expanding role in inclusive and sustainable economic growth, the official statement said. Concurrently, seafood exports expanded significantl ...Read More >
Tirupati/Chittoor: After chilli and tobacco farmers, mango growers are now in focus as YSRCP chief Y S Jagan Mohan Reddy looks to raise the political heat in the state. A bumper mango yield this year has brought little joy to farmers, who are struggling with falling prices. Despite the state government's swift action, announcing subsidies and deploying officials to assist distressed farmers, the issue has turned political. Looking to capitalise on the unrest, Jagan will visit Bangarupalem market yard on July 9 to console mango farmers. In fact, the government claims that Andhra Pradesh's pr ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
The Indian Super League has thrilled fans for a decade, with the final weeks of the season featuring a tense race to the playoffs. Teams often defy pre-season predictions, with strategic changes and coaching leading to remarkable turnarounds, as seen with Chennaiyin FC, NorthEast United, Jamshedpur FC, Kerala Blasters, and Bengaluru FC. The Indian Super League (ISL) has captivated fans over the past decade, delivering stunning goals, fierce rivalries, and dramatic playoff races. As the season cu ...Read More >
Namsai (Arunachal Pradesh) [India], July 9 (ANI): Arunachal Pradesh Deputy Chief Minister Chowna Mein has launched the Nadi Utsav 2025 at Namsai in a bid to conserve aquatic life and restore fish populations in the river systems. As part of the initiative, 30,000 fingerlings of various fish species, including Rohu, Catla, Mrigal, Grass Carp, Labeo Gonius, and Labeo Kalbasu, were released into the Marua, Teang, and Namtenga rivers on Tuesday. The release also included endangered local freshwater species such as Pavi, Pahum, and Palao, with the goal of restoring their populations in the riveri ...Read More >
Gandhinagar (Gujarat) [India], August 3 (ANI): For the year 2025-26, under Pradhan Mantri Matsya Sampada Yojana (PMMSY). Gujarat has been allocated a grant of Rs 50 crore. These approvals have been significantly boosting fisheries activities in Gujarat. It also aims to modernise the sector, improve traceability, and build a robust fisheries management system while ensuring the socio-economic welfare of fishing communities. From 2020-21 to 2024-25, the Government of India has approved projects (with multiple components) worth Rs 897.54 crore for Gujarat under PMMSY. To boost fish production a ...Read More >
Kolkata: Bengal govt is planning to export potato to other states following bumper production this year, state minister of food processing industries and horticulture Arup Roy said on Tuesday.Speaking at a business conclave organised by ASSOCHAM, Roy said: "We are in talks with the agriculture marketing department to send our excess potatoes to other states. In 2012, Bengal had a similar bumper potato production and we had provided potatoes to students in midday meals. We are thinking of the same this year too."In 2024-25, Bengal recorded a production of 1.4 crore tonnes of potatoes, but the b ...Read More >
Chandigarh, Jul 14 (PTI) Haryana Chief Minister Nayab Singh Saini on Monday visited the India International Horticulture Market (IIHM) at Ganaur in Sonipat to review the ongoing development. He held a review meeting with officials from the Marketing Board Administration, the construction company and the district administration, and directed them to expedite the construction work and ensure the project is completed within the stipulated timeline. Saini said this ambitious project would serve as ...Read More >
Nagapattinam (Tamil Nadu) [India], December 16 (ANI): Heavy rain lashed several parts of Nagapattinam district on Tuesday morning, following a forecast by the Regional Meteorological Centre, stating that moderate to heavy rainfall would occur across the delta and coastal districts of Tamil Nadu. As predicted, widespread moderate rain has been reported in Nagapattinam, Thiruvarur and Thanjavur districts, while coastal areas have been witnessing heavy rainfall. Also Read | Vijay Diwas 2025: President Droupadi Murmu Pays Tributes to Indian Armed Forces, Says 'My Humble Respects to Brave Sons of ...Read More >