₹67 cr budgetary allocation likely to tackle issues related to diseases in areca plants
The Central government is likely to earmark ₹67 crore in the coming budget to implement the recommendations of the committee that studied issues arising from diseases in arecanut plantations. The Centre has asked the Karnataka government to earmark its share to tackle this issue. Addressing an arecanut growers’ meeting in
10-minute delivery is boosting Indian economy’s ‘brightening spot’, highlights RBI, ETCFO
Quick Commerce: Image for representation Private final consumption is proving to be a key bright spot in India’s economic recovery, with e-commerce and quick commerce (q-commerce) playing a significant role, the Reserve Bank of India (RBI) stated in its recent bulletin. Calling consumption a “brightening spot”, the central bank emphasised
CCI slaps ₹40 lakh fine on Goldman Sachs for failure to notify investment in Biocon Biologics
The Competition Commission of India (CCI) has imposed a ₹40 lakh penalty on Goldman Sachs (India) Alternative Investment Management Private Limited (GS AIMPL) for failing to notify its investment in Biocon Biologics Limited (Biocon) under the Competition Act, 2002. The regulator found that Goldman Sachs’ acquisition of optionally convertible debentures
Government may introduce new income tax bill in Budget session
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60 per cent. Finance Minister Nirmala Sitharaman in her July Budget had announced
Dropping degree requirements, 30 per cent of Indian employers looking to shift to skills-based hiring: WEF
In a transformative shift, around 30 per cent of Indian employers are looking to adopt skills-based hiring practices by removing degree requirements, a significant increase compared to the global figure of 19 per cent, said World Economic Forum (WEF) in its Jobs Report 2025. The evolving landscape in India reflects
Fog disrupts flight, train services in Delhi; AQI improves
A layer of fog enveloped Delhi on Saturday morning, reducing visibility and disrupting traffic movement. Other parts of North India also witnessed dense fog condition this morning. Due to fog, train and flight services disrupted in the national capital with some flights, and several trains being delayed at Indira Gandhi
Charting India’s agricultural future: Budget 2025
India’s agricultural sector, engaging roughly 45.8 per cent of the workforce, is central to the nation’s economic and social fabric. Despite employing nearly half of the workforce, it contributes only around 18% to GDP, underscoring productivity challenges and the need for modernisation. As the Union Budget 2025 nears, it presents
Centre mulls M&A framework overhaul to speed up corporate restructuring
The central government is considering significant amendments to the Companies Act, 2013, to streamline and simplify the merger, amalgamation, and demerger process. The focus is on reducing procedural bottlenecks and expediting corporate restructuring. A communication from the Cabinet Secretary T V Somanathan to various ministries has sought comments on proposed
Potential maritime threats near East African countries persist: Rajnath
India’s economic prosperity is linked to maritime security and, therefore, it’s necessary to protect our territorial waters and ensure freedom of navigation, said Defence Minister Rajnath Singh. He was addressing senior Navy officers and other civilian staff on Friday during the celebration of the ‘Year of Naval Civilians’ here. In
Number of EVs in India could increase eight-fold by end of 2030: Modi
Prime Minister Narendra Modi on Friday said that the number of electric vehicles (EVs) in India could increase eight-fold by the end of this decade, showcasing the immense potential in this segment. He, therefore, urged the industry to invest more in this sector. Speaking at the inaugural session of the