India is exploring new export destinations to offset the impact of slowing demand in developed economies and the recently announced US tariffs. An Indian trade delegation is expected to meet a delegation from MERCOSUR this month to hold preliminary exploration to expand the existing Preferential Trade Agreement (PTA) to a Free Trade Agreement (FTA), Government […]
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Andhra Pradesh approved a $600 million incentive scheme on Friday to boost local electronics component manufacturing. This State-level initiative follows the Indian Central Government’s recent approval of a ₹229.19 billion ($2.62 billion) plan aimed at strengthening electronics manufacturing across the country, highlighting India’s push to expand its domestic tech production capabilities. India’s Southern State of […]
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With over 1,800 GCCs employing nearly two million professionals, more global enterprises are doubling down on innovation in GCCs. Far from being a mere support function, India’s GCCs have turned into a formidable sector driving cutting-edge innovation, groundbreaking research, development and digital transformation. For instance, Mercedes-Benz’s India R&D hub exemplified this shift by leveraging a […]
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Several Comprehensive measures taken by the Government to reduce NPAs. The total advances outstanding to MSME sector has consistently increased over the last five years. The gross NPAs and gross NPA ratio of MSME Sector have continuously decreased during the same period. Further, as per the provisional data of FY 2025 i.e. till 31.12.2024, furnished […]
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Bharat Electronics Limited Chairman, Manoj Jain emphasized that MSMEs in defense and aerospace must meet strict quality standards to integrate into the global supply chain. He highlighted the need for flexibility and regulatory compliance, urging a shift in mindset across the ecosystem. Micro, Small and Medium Enterprises in the defense and aerospace sectors must adhere […]
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Mr. Trump also slapped a penalty – an unspecified over and above the 25% on America’s “friend” for buying “a vast majority of their military equipment” and oil from Russia. India will pay a 25% tariff on goods exported to the United States from August 1, Donald Trump decreed on Truth Social, the social media network owned by the US […]
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The Department of Financial Services (DFS) has urged banks to review penal charges for not maintaining Minimum Average Balance (MAB). This directive, as stated by MoS for finance, Mr. Pankaj Chaudhary, prioritizes providing financial ease to customers, particularly those residing in semi-urban and rural regions. The aim is to alleviate the burden of these charges […]
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In today’s fast-evolving workplace—where physical and digital boundaries continue to blur—leadership is no longer just about making decisions; it’s about making sense of complexity. Bala Vummidi, Senior Vice President – Human Resources at Gorilla Technology Group, believes that the most effective leaders are those who lead through the lens of the 4Cs: Creativity, Critical Thinking, Communication and […]
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The India-UK Comprehensive Economic and Trade Agreement (CETA) represents an important opportunity for Indian small and medium enterprises (SMEs). It will help these businesses access new markets, improve their skills, and work together with UK partners on innovation and growth. As India and the United Kingdom negotiate the Comprehensive Economic and Trade Agreement (CETA), the […]
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Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman presided over the 166th anniversary of Income Tax Day observed by Central Board of Direct Taxes (CBDT), in New Delhi today. Union Minister of State for Finance, Shri Pankaj Chaudhary also graced the event with his presence. Shri Arvind Shrivastava, Secretary, Revenue; Shri Ravi Agrawal, Chairman, […]
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