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FM Sitharaman to meet PSU bank chiefs on June 27 to push lending amid growth concerns and rate cuts

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 13, 2025 In the wake of the Reserve Bank of India’s (RBI) surprise rate cut aimed at reviving a slowing economy, Finance Minister Nirmala Sitharaman is set to meet the heads of all public sector banks (PSBs) on June 27 to review their financial performance and align them with the government’s economic stimulus agenda. This ...

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Retail inflation hits 75-month low at 2.82pc in May, marking big win for Modi Government

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 13, 2025 In a major economic milestone, India’s retail inflation has cooled to a 75-month low of 2.82 per cent in May 2025, sharply contrasting the double-digit inflation seen during the UPA era. Food inflation dropped to 0.99 per cent, its lowest since October 2021, signalling a period of price stability under the Modi-led government. ...

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Air India London-bound flight crashes after takeoff from Ahmedabad; Rescue ops in full swing

THEBUSINESSBYTES BUREAU AHMEDABAD, JUNE 12, 2025 A tragic aviation disaster struck Ahmedabad on Wednesday morning as Air India flight AI171, en route to London’s Gatwick Airport, crashed shortly after takeoff, plummeting into the densely populated Meghaninagar area. The aircraft was carrying over 130 passengers, and rescue operations are currently underway. Panic gripped the city as thick plumes of smoke rose ...

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India-EFTA TEPA symbolizes trust and efficiency partnership: Piyush Goyal

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 10, 2025 Union Minister of Commerce and Industry,  Piyush Goyal, delivered a compelling address to leading Swiss industrialists and innovators at the prestigious Swissmem Industry Day in Switzerland on Tuesdday, portraying India as a dynamic and dependable partner in global economic growth. In a landmark engagement aimed at deepening bilateral ties, Shri Goyal highlighted the ...

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India leading global solutions through youth power: Lok Sabha Speaker Om Birla at IIT Jodhpur

THEBUSINESSBYTES BUREAU JODHPUR, JUNE 9, 2025 Lok Sabha Speaker Om Birla on Monday underscored the pivotal role of India’s youth in addressing global challenges, asserting that the nation is emerging as a world leader in innovation and development through the dynamism of its young minds. Speaking at the Indian Institute of Technology (IIT), Jodhpur, he said, “India is advancing on ...

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QCI launches revamped NABL portal, highlights accreditation’s role in empowering SMEs

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 9, 2025 The Quality Council of India (QCI), the national custodian of accreditation, marked World Accreditation Day 2025 with a flagship event at the India Habitat Centre, New Delhi. The celebration underscored the pivotal role of accreditation in driving quality, innovation, and global competitiveness — particularly for India’s Small and Medium Enterprises (SMEs). A key ...

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Centre notifies landmark SEZ reforms to propel semiconductor and electronics manufacturing

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 9, 2025 In a major policy boost to India’s high-tech manufacturing ambitions, the Government of India has notified transformative reforms in the Special Economic Zones (SEZ) Rules, aimed at catalyzing investment in the semiconductor and electronics component manufacturing sectors. These strategic amendments are poised to fast-track India’s emergence as a global hub for next-generation electronics ...

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India imposes anti-dumping duties on Vitamin A and rubber chemicals from China, Japan, EU to shield domestic industry

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 7, 2025 In a decisive move to protect domestic industries from unfair trade practices, the Indian government has slapped anti-dumping duties on the import of Vitamin-A Palmitate and insoluble sulphur — two key industrial chemicals — sourced from China, Japan, Switzerland, and the European Union. The Ministry of Finance issued a notification on June 6, ...

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India champions global environmental action on World Environment Day 2025 with mission to end plastic pollution

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 5, 2025 Reinforcing its commitment to a sustainable future, India marked World Environment Day 2025 with a grand celebration at Bharat Mandapam, New Delhi, under the unifying theme, “One Nation, One Mission: End Plastic Pollution.” Organized by the Union Ministry of Environment, Forest and Climate Change, the event drew participation from top government officials, industry ...

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India unveils $20 billion commitment to boost maritime infrastructure and global trade links

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 5, 2025 In a significant move to transform India’s maritime landscape and reinforce its position in the global logistics ecosystem, Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal announced a $20 billion commitment toward the development of maritime infrastructure. Speaking at the India Country Session in Oslo, the minister outlined a comprehensive roadmap aimed ...

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