The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life and health insurance from 18 per cent to nil is may weigh on the profits of life insurers in the third quarter (Q3) of 2025-26 (FY26).
'In the last one year, we have added more than Rs 1.7 trillion, and we are on track.'
Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.
More than 25 crore workers engaged in sectors ranging from banking, insurance, postal to coal mining, highway and construction are expected to go on a nationwide general strike on Wednesday, potentially disrupting services across the country. A forum of 10 central trade unions and their associates has called for a general strike or 'Bharat Bandh' to "oppose the anti-worker, anti-farmer and anti-national pro-corporate policies of the government".
India, the world's fourth largest economy, is set to maintain the 'goldilocks' phase with tailwinds of good growth, low inflation and robust banking performance as well as reform initiatives poised to sustain the economic pace witnessed during 2025.
'Could the impending new crisis, vibe coding, similarly create not a disaster like what befell Indian handlooms during the Industrial Revolution but another opportunity like what the Y2K crisis created?' asks Ajit Balakrishnan.
Opposition parties in India are demanding a discussion on the Special Intensive Revision (SIR) of electoral rolls and national security in the upcoming Winter Session of Parliament. They raised concerns about federalism, national security, and the purity of voter lists during an all-party meeting.
Ushering in a big wave of reforms by implementing the four labour codes, setting up the national social security fund to cover over 38 crore informal sector workers and improving the ease of doing business will top the agenda of the labour ministry in the New Year. In a major move, the ministry launched the e-Shram portal on August 26, 2021 for creating a national database of over 38 crore informal sector workers. It will help the government to ensure last-mile delivery of benefits of various social security schemes to the informal-sector workers.
Who have been India's Laureates, winners from India or of Indian-origin?
'The real story of 2025 is that India officially stopped being a 'market of the future' and started acting as the world's primary economic engine.'
A nationwide strike called by trade unions to protest against the central government's labor policies had a mixed impact across India. While normal life remained largely unaffected in most parts of the country, some sectors like banking, transport, and insurance experienced disruptions. Sporadic incidents of violence were reported in West Bengal.
'The tragedy underscored 'serious and widespread' weaknesses in the EPFO's monitoring system and its ability to detect and act against defaulting establishments.'
The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
"What would be prohibited is the creation of any fanfare and holding of ceremonies with the involvement of political functionaries," it observed.
The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.
Across all sectors, the future of work depends on adaptability.
'Our problem is not a budget deficit but a trust deficit. We need to trust our institutions and industries to innovate and lead. That is the way forward for India.'
...compared with 153,000 in all of 2024.
India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country's macroeconomic fundamentals are good. "India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests.
To those who ask, "Is all this really worth it? Why can't domestic demand fill the gap?", it is important to remind them that only 13 economies since the Second World War have grown at 7 per cent or more for 25 years -- like India needs to. They all had one thing in common: Strong export growth underpinned by strong global engagement, explains Sajjid Z Chinoy.
'Are elections still fair in India, or are we all witness to a macabre style of 'selection' of lawmakers? The jury will be out on this for a long time because there is no definitive evidence on either contention, at least as yet,' notes Nilanjan Mukhopadhyay, author, Narendra Modi: The Man, The Times.
Shiv Sena-UBT chief Uddhav Thackeray has vowed to oppose the Maharashtra government's decision to make Hindi a mandatory third language for students of Classes 1 to 5, stating that his party will not allow it. Thackeray, addressing an event of the Bharatiya Kamgar Sena, the workers' wing of the Shiv Sena (UBT), said his party has no aversion to the Hindi language but questioned the need to force it upon students. He also criticized the ruling BJP's approach, alleging their aim is to keep people under pressure and prevent unity. He accused the current government of working against the interests of Marathi and Maharashtra, and slammed Deputy Chief Minister Eknath Shinde for his alleged subservience to those he believes are harming the state's interests. Thackeray further criticized the Waqf Amendment Act 2025, arguing against the appointment of non-Muslims on the Waqf Board and questioning the government's intentions in appointing non-Hindus to Hindu religious organizations. He also claimed that his government was overthrown because he had stalled the implementation of labor codes in the state. Thackeray concluded his speech by urging party members to prioritize the hiring of Bharatiya Kamgar Sena union members in workplaces where the union has a presence.
Congress leader Rahul Gandhi accused the BJP of rigging the Maharashtra assembly elections and expressed concerns about similar tactics being used in the upcoming Bihar polls. He alleged that the special intensive revision of electoral rolls in Bihar is an attempt to manipulate the election process.
AI is changing jobs in India faster than ever, but professionals are learning the real skill isn't coding -- it's adaptability.
A court in Kerala has discharged five people in a case alleging the trafficking of three underage girls for domestic work, ruling that there was no evidence of threats, coercion or exploitation.
Despite the alarming figures on job displacement, AI is expected to generate millions of new roles, echoing historical trends of technological transformation.
'People are taking effort to train and adapt to current skills.' 'If that is not there, they are not useful to us.' 'They have to adapt to new technology, and what is important is learnability.'
'The expeditious enactment of labour codes and strategic measures to bridge the skills jobs gap are critical.'
Generative AI is transforming workplaces but at a cost -- there are fewer jobs for young workers just entering the workforce, reveals a Goldman Sachs report.
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
'We don't have to compete with Maharashtra or Gujarat. We have to now start thinking about how we compete with the United States or China.'
Mrs Gandhi's power ebbed and peaked with the times. Mr Modi's has almost been constant, barring the few months of hard dip after the 240 seats of 2024, points out Shekhar Gupta.
After being freed on Saturday, the labourers narrated their ordeal saying they were made to work 12 hours daily, not paid any money for the work, provided food just once a day and forced to answer nature's call in the well itself where they worked.
Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on Monday. Kumar also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. "We must recognise that post-COVID economic recovery has been a K-shaped recovery.
As per the recommendations of the 2nd National Commission on Labour, the ministry is codifying existing 44 central labour laws into four codes by simplifying, amalgamating and rationalising the relevant provisions of the legislations.
A collaborative approach can yield better results in reforming labour laws that can be implemented in the whole country, instead of different states following different norms in their own jurisdictions. That approach could also help the governments convince the trade unions to see merit in these reforms, says A K Bhattacharya.
Kannappa is a bloated mess of a film that underutilises interesting story ideas, observes Arjun Menon.
The foreign degree no longer sells itself, families are doing the math, and for many, the numbers just don't add up.
Gangster Suresh Pujari and 11 others have been acquitted in a 2016 builder extortion bid case by a MCOCA court in Thane, India. The court cited the prosecution's failure to present sufficient evidence and carry out a comprehensive investigation. The accused were charged with attempted murder, extortion, criminal conspiracy, and related offenses. The court ruled that the trial against two absconding accused, Ravindra Ghare and Iqlakh Shaikh, would be discontinued due to the acquittal of the other individuals.
