Page 2 - Private Sector

Rebuilding trust, regaining biz momentum key priorities for IndusInd Bank

The private sector lender is also looking to enhance productivity through innovations in areas such as fintech

Datanomics: Is it time for the private sector to step up investments?

It is widely believed that investments these days are generally driven by the government as the private sector is yet to show its animal spirit

Defence indigenisation, procurement top goals for govt: Defence Secy

The Blueprint Discourse: Defence Secretary Rajesh Kumar Singh said India is accelerating defence indigenisation, boosting private sector role and strategic autonomy; budget not a constraint

Don't hesitate to invest more: FM Nirmala Sitharaman to India Inc

Finance Minister Nirmala Sitharaman asked industry to shed hesitation in investing and expand capacities while partnering with the government to skill youth for faster employment

Pension assets may reach ₹45 trn in 5 years: PFRDA Chairperson S Ramann

Pension assets are projected to triple to ₹45 trillion in five years as PFRDA reforms open up customised products and aim to cover half of India's workforce by 2030

India's reforms give cushion against global uncertainty: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said GST overhaul and structural reforms will strengthen India's resilience to global risks and help meet the fiscal deficit target

India hoped for 'big' GST reform, received only a revised rate card

India's long-overdue GST cut is hailed by PM Modi as the nation's 'biggest reform', with carmakers cutting prices and asset managers calling it a 'landmark reset', yet markets stay muted

Bank holidays in India 2025: Are banks open or closed today on Aug 25?

Bank Holiday: For Tirubhav Tithi, banks in Assam will close on August 25,2025, but banks in the rest of India will stay open. Ganesh Chaturthi is a follow-up holiday on August 27. Read on to know more

Youth getting first job in private sector to get ₹15,000 support: PM Modi

PM Modi unveils Viksit Bharat Rojgaar Yojana to aid first-time private sector employees and incentivise employers to generate jobs, aiming to benefit 35 million youth

Pvt players likely to have limited access to data from GatiShakti portal

Private players to get limited, non-downloadable access to national masterplan portal data

AIIB to double private-sector lending by 2030: Ajay Bhushan Pandey

AIIB aims to boost private sector financing to 50% by 2030, focusing on renewables, green energy, and affordable housing; lending to rise to $17-18 billion

Private sector investment hasn't kept pace with public expenditure: FM

Says greater access to China may help economy, but sense of caution would have to be built in

Low-cost finance, private sector role key to nuclear projects: PK Mishra

Timely completion, access to low-cost finance, and leveraging private sector capabilities are key to lowering tariffs and improving feasibility of nuclear projects, P K Mishra, principal secretary to the prime minister, said here on Friday. Addressing the 68th batch of scientific officers at the Bhabha Atomic Research Centre Training School, Mishra encouraged researchers to innovate in cost reduction strategies to make nuclear energy India's preferred power source. Citing the successful opening of the space sector, Mishra said similar initiatives are envisaged for atomic energy, which is essential for clean energy and national security. He underscored the societal impact of nuclear energy and cited the use of radio isotopes for cancer care, and radiation technologies for wastewater treatment and agriculture storage. The government had sanctioned 50 multi-product food irradiation units for the MSME sector under the 2024-25 Union Budget, Mishra said. Irradiation facilities in 12 sta

Govt to boost rare earth magnet output via PLI scheme, private sector push

The Centre has initiated PLI schemes, which offer financial incentives tied directly to measurable outcomes and have been designed to boost domestic manufacturing

Private sector debt recast firms' AUM may further shrink, says CRISIL

CRISIL forecasts a 4-6% drop in AUM for private asset reconstruction companies (ARCs) in FY26 due to subdued acquisitions of stressed loans and potential disruptions from loan securitisation

IN-SPACe transfers 10 ISRO technologies to private sector for space growth

IN-SPACe has transferred 10 cutting-edge ISRO technologies to six Indian companies, spanning upstream, midstream, and downstream sectors, to boost India's space industry capabilities

Private sector business activity rises to 14-month high in June: PMI data

Flash PMI rose to 61, up from a downward revised figure of 59.3 in May

Goa's private industries face acute manpower shortage, says CM Sawant

Goa Chief Minister Pramod Sawant on Wednesday acknowledged a "significant manpower shortage" in industries despite employment opportunities, noting that local youths are reluctant to join the private sector over job security concerns. A meeting of representatives from various industry bodies and state government, chaired by Sawant, has decided to revise the minimum wages across industries and discussed the introduction of skilling courses. Sawant said industries are witnessing a significant manpower shortage and cited an instance wherein only two candidates turned up for interviews conducted by the Goa Pharma Association. A similar situation prevails in the shipbuilding sector, he said. "Job opportunities are available, but there is no manpower," Sawant said, adding that the meeting focused on the issues faced by industries in recruiting local youth. He said the government discussed the introduction of skilling courses and the preparation of an action plan. The chief minister not

Defence ministry weighs licensing reform; DAP 2020 revision by Nov-end

The revision of the Defence Acquisition Procedure (DAP) 2020 document, aimed at streamlining the defence procurement policy, will be completed within six months