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EY India has recommended to extend the existing Production-Linked Incentive (PLI) scheme to new technology sectors such as AI, space, and robotics, while urging the FY27 Budget to focus on sustaining growth and ensuring tax certainty through a dedicated Customs dispute resolution mechanism. The firm said a forward-looking policy approach would be key to strengthening…
The government on Wednesday launched a Rs 4,531-crore Market Access Support (MAS) scheme to help Indian exporters participate in international fairs, exhibitions and buyer-seller meets, offering a boost at a time when shipments face headwinds from steep US tariffs, PTI reported.The MAS is the first component to be operationalised under the Rs 25,060-crore export promotion…
The country’s industrial output reached a two-year highk, growing by 6.7 per cent in November, according to the official Index of Industrial Production (IIP) data released Monday.This marks an improvement from the 5 per cent growth recorded in November last year, according to data released by the National Statistics Office (NSO). The surge was largely…
Foreign investors have sharply pared their exposure to Indian equities in 2025, pulling out close to Rs 2 lakh crore from six key sectors, in what has emerged as one of the harshest bouts of selling seen in recent years. The scale and concentration of the exits have intensified debate on whether the pressure will…
NEW DELHI: India would soon establish itself in the semiconductor industry by starting exports, even though it’s entry was late, said Union home minister Amit Shah.“We have made a strong entry into the semiconductor industry, although a bit late. In no time, we will not only become self-reliant in the semiconductor sector, but will also…
NEW DELHI: Union minister for road transport and highways Nitin Gadkari flagged Delhi’s worsening air pollution, saying the capital’s toxic air was so severe that he fell ill after spending just two days in the city, while stressing that the transport sector was a major contributor to the problem.“I stay in Delhi for 2 days…
Eight core infrastructure industries recorded a modest expansion in November 2025, with overall output rising 1.8% year-on-year, supported by strong growth in cement, steel, fertilisers and coal, official data released by the Ministry of Commerce & Industry showed.The combined Index of Eight Core Industries (ICI), which accounts for 40.27% of the Index of Industrial Production…
India has identified close to 300 products across engineering goods, pharmaceuticals, agriculture and chemicals that offer significant opportunities for Indian exporters to expand their presence in the Russian market, a senior official told PTI. The exercise comes as New Delhi and Moscow work towards the bilateral trade target of $100 billion by 2030.India currently exports…
Railways is implementing focused cost-cutting initiatives across maintenance, procurement and energy sectors to fortify its financial position before dealing with increased wage expenses anticipated from the Eighth Pay Commission recommendations.Established in January 2024, the Eighth Pay Commission must submit its recommendations within an 18-month timeframe.The previous Seventh Pay Commission led to wage increases of 14-26%…
Textiles, apparel, and hospitality are poised for significant job growth by 2030, fueled by increased investment, a new report reveals. While manufacturing and services will also contribute, the focus is on boosting stable, salaried positions. The think tank urges a strategic approach, emphasizing skill development and addressing the informal sector’s dominance to enhance labor absorption…
