The Maharashtra State Cabinet on Tuesday approved several key decisions, including a new startup and innovation policy, a freight corridor project, land reforms and enhanced support for leprosy care organisations. The cabinet approved the Maharashtra Startup, Entrepreneurship and Innovation Policy 2025 to promote skill development, entrepreneurship and innovation across the state, a statement from the […]
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He said, ‘Pune is a manufacturing capital with reputed educational institutions and abundant skilled human resources. ‘Dadagiri by certain elements is becoming an obstacle to Pune’s development, Maharashtra Chief Minister, Devendra Fadnavis said a week after his Deputy and State Finance and Planning Minister, Ajit Pawar expressed concern over flight of IT sector companies from […]
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TRQ is a quota for a volume of exports that enters the European Union (EU) with relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. India on Friday (August 1) notified sugar exports of 5,841 tons to the European Union under the tariff-rate quota scheme for 2025-26. […]
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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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