Category: Business

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PM Internship Scheme: 6% of recipients of offers have joined work so far

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Photo: pminternship.mca.gov.in A little more than 50,000 candidates have so far accepted the 1.53 lakh offers made by companies under the Prime Minister Internship Scheme (PMIS), according to data provided by the government to the Lok Sabha. Of those who have accepted, 8,700 or about 6% have so far joined their respective companies as interns….

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Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email

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The Parliamentary Select Committee appointed to review the new Income Tax Bill 2025 proposed by the government has retained the provisions in the new Bill empowering tax officials to access, forcibly if necessary, the social media and private emails of people they are conducting search and seizure operations on.  The Income Tax Bill 2025 was…

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India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations

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Image used for representative purpose only. | Photo Credit: Mohammed Yousuf The U.S., UAE, and China have emerged as the top three export destinations for India’s electronics sector during April-June quarter of 2025-26, according to the Commerce Ministry data. The Netherlands and Germany are other major export destinations for the country’s electronic exports. During April-June…

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India-EFTA trade pact to be implemented from October 1: Piyush Goyal

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The Free Trade Agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piyush Goyal said on Saturday (July 19, 2025). The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of…

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Gujarat tops in production and export of processed potatoes in India

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Farmer harvesting Red Potato, especially harvested for McCain French Fries at Deesa farm in Ahmedabad, Gujarat. | Photo Credit: Vijay Soneji Gujarat recorded a total production of 48.59 lakh tonnes of potatoes in the 2024–25 season, which includes varieties cultivated for processing into French fries and wafers, officials said on Monday. The State has emerged…

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Assam’s Woolah Tea secures patent for India’s first bagless tea

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Woolah bagless tea | Photo Credit: Prabalika M Borah Assam’s first bagless tea brand, Woolah Tea, has been granted a 20-year patent (No. 567895) for its innovative ‘compressed true whole leaf tea dips and method thereof’ (patent name). Founded by Upamanyu Borkotoky and Ansuman Bharali from Sibsagar district in Assam, Woolah is a start-up rooted…

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