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Friday, June 5, 2026

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GeM and Madhya Pradesh Strengthen Procurement Partnership

The Government e-Marketplace (GeM) has intensified its collaboration with the Government of Madhya Pradesh to strengthen the State’s adoption and utilisation of India’s national e-procurement platform. The move aligns with the Union Government’s broader strategy to ensure that all...

India Approves ₹5,500 Cr Electronics Component Projects

The Government of India has approved the first batch of seven projects under the Electronics Manufacturing Components Scheme (ECMS), representing a total investment of ₹5,532 crore. The move aims to transform India’s electronics ecosystem from product assembly to full-fledged...

PHDCCI Urges Bold Tax Reforms in Pre-Budget 2026–27 Recommendations

The PHD Chamber of Commerce and Industry (PHDCCI) has submitted its detailed pre-budget recommendations for FY 2026–27 to Arvind Shrivastava, Revenue Secretary, Department of Revenue, Ministry of Finance, at Kartavya Bhawan. The high-level delegation included Saket Dalmia (Former President), Dr....

NITI Aayog Highlights Services Sector as India’s Next Growth Engine

NITI Aayog has released two comprehensive reports — “India’s Services Sector: Insights from GVA Trends and State-Level Dynamics” and “India’s Services Sector: Insights from Employment Trends and State-Level Dynamics” — marking the first detailed national assessment of the services...

UBS Ranks India Among Top Emerging Markets for Investment

Global investment bank UBS has ranked India among the most attractive emerging markets for investors, highlighting its resilient economy, strong consumption trends, and reform-driven growth. In its latest outlook, UBS upgraded Emerging Market (EM) equities to “Attractive,” citing an improving...

CAIT Flags Violations by E-Commerce and Q-Commerce Platforms

The Confederation of All India Traders (CAIT) has accused several leading e-commerce and quick commerce companies of committing what it calls “alarming and unchecked violations” of Indian trade regulations. In a letter to Commerce and Industry Minister Piyush Goyal, CAIT...

25% Defence Contracts Reserved for MSMEs Under DPM 2025

The Ministry of Defence has rolled out the Defence Procurement Manual (DPM) 2025, introducing a 25% product reservation for Micro and Small Enterprises (MSMEs) and offering major relaxations for start-ups recognised by the Department for Promotion of Industry and...

Steel, Cement Lead 3% Core Sector Growth in September

India’s eight core industries grew 3% year-on-year in September 2025, led by strong performance in steel and cement, according to data from the Commerce and Industry Ministry. Steel output surged 14.1% as demand from government infrastructure projects picked up,...

Karnataka GST Reforms Fuel Multi-Sector Growth

Karnataka’s economy—stretching from coffee plantations in Coorg to tech corridors in Bengaluru—has received a major boost through the latest GST rate rationalisation. The reforms span multiple sectors, including agriculture, manufacturing, handicrafts, and technology, reducing prices by 5–12% across essential...

Delhi Launches ₹10 Cr Collateral-Free Loans for Women

In a major step toward empowering women in business, Delhi Chief Minister Rekha Gupta has announced a new scheme offering collateral-free loans of up to ₹10 crore for entrepreneurs, with a special focus on women-led enterprises. The initiative, unveiled at...

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