Look at the east
India can re -join the regional complex economic partnership (RCEP), a business block that left almost five years ago, Mint reported. The reassessment comes in the middle of growing business friction with the US and melting in ties with China.
India came out of an agreement with a length of 15 countries just before signing and quoted concerns about market access, expanding trade deficit with China and risks for farmers and the dairy industry from the flood of Chinese goods and exports in New Zealand. RCEP Member Nations are currently about one fifth of Indian exports, roughly at the same level as the US.
The game is over?
The Indian government has moved forward with a blanket ban on all online game games, regardless of whether they are based on skills or chance. On Wednesday, the promotion and regulation of the online game account, 2025, was handed over to Lok Sabha, and the government was communicated to concerns about addiction, financial ruins and social damage.
The decision triggered sharp criticism of industry, warning against job losses, a decrease in tax revenue and shift towards illegal and offshore platforms. In the last few years, billions of investors have been poured into industry.
Steel
$ 9 billion: This is the planned amount of investment in the new ODISHA steel plant from JSW Steel and South Korea Korea Posco Holdings, Mint said. The plant with a proposed capacity of 6 million tons per year will be built on a ground land with an area of 900 acres, recently acquired by JSW Steel.
For Posco, this is the third attempt to create a support on the Indian steel market after the previous projects in Odisha and Karnataka failed to realize. The joint venture will also explore the battery of electric vehicles and the production of renewable energy for the plant.
Gst gamble
The government proposal to abolish records of 12% and 28% of GST by moving most items to 5% and 18% of the tax belts is unlikely that it would be a difficult task, although the Prime Minister Narendra Modi set a fixed term.
Analysis of the board coating shows that the number of items in 12% and 28% of the holders is less compared to other categories. Together they also contribute significantly less to the overall collections. 18% of the tax group has the highest number of items and most contributes to collections.
Mixing
E20 fuel, or 20% Ethanol mixed with gasoline, was controlled in the middle of the pressure of the center for wider acceptance, despite concerns about consumers regarding the cost and efficiency of the vehicle. Last month, the government announced that India has reached 20% of ethnol mixing in gasoline, five years before the plan
Supporters claim that the shift reduces oil dependence, increases the revenue of farmers and reduces emissions. However, critics, including consumers and the automotive industry, warn that they could damage older vehicles, cause leakage or leaks, and insist that the mixture should remain optional.
Fleet feat
£75,000 crore: This is the investment planned by the center over the next four to five years to build three shipyards, Mint reported. These facilities will be placed along the eastern and west coasts and builds and repair ships. One of the three could accommodate a unit for a border on a boat that could supply raw materials.
Five countries are discussed with domestic and foreign boat builders for places. This initiative is part of a larger government strategy to increase the share of ships built in India in the National Fleet from 5% to 7% by 2030. The budget for 2025-26 proposed a naval development fund to be AA £In a segment of 25,000 partnerships of the government and industry.
Hiring a decline
According to the Mint Hiring on the leading Indian banks of the private sector, it dropped to the lowest level in three years in FY25, according to Mint Analysis of the annual reports of seven banks.
In FY25, these banks added 131,471 employees, which meant a decline in 32% and 16% compared to FY24 and FY23. Hiring HDFC fell by 44%, while Axis Bank recorded a 22% decline. Experts attribute a decline in the wider acceptance of digital channels for branches and banks’ strategy, which prefers priority to promotional actions and internal programs over side recruitment.
Graph of the Week: Indians Bag
The number of Indians who have given up their citizenship has decreased over the past two years, although it remains above 200,000 a year per year. In 2019 and 2024, according to data from the Ministry of External Affairs, more than a million Indians surrendered.
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(Tagstotranslate) India RCEP business agreement
