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Mid-market global capability centres in India are projected to create 40,000 new jobs by 2026, expanding their workforce to over 260,000. Around 120 new centres, primarily in software, BFSI, and retail, are expected, driven by firms with $300M-$2B in revenue. Recruitment will target key talent hubs, focusing on AI/ML, data analytics, and cybersecurity roles.
Despite geopolitical tensions impacting long-haul travel, short-haul Asian destinations remain popular among Indian travelers. Thailand, Malaysia, Vietnam, and Indonesia are particularly attractive due to visa-free entry, reasonable airfares, and robust tourism infrastructure. Maldives also continues to draw Indian tourists seeking luxurious getaways, with advance bookings increasing for the festive season.
A recent report suggests India should consider allocating 3% of its GDP to military expenditure and establishing a permanent defence modernisation fund. This move aims to bolster domestic manufacturing and create a resilient defence framework. The proposal aligns with a previous recommendation to create a Modernisation Fund for Defence and Internal Security.
India's industrial output growth plummeted to a nine-month low of 1.2% in May 2025, significantly lower than the 6.3% growth in May 2024. This downturn was primarily due to the weak performance of the manufacturing, mining, and electricity sectors. While infrastructure and capital goods showed positive growth, consumer goods experienced a decline.
TDS and TCS are vital mechanisms under the Indian tax system for early tax collection. TDS involves payers deducting tax on payments like rent and salary, while TCS requires sellers to collect tax on specific goods, including minerals and overseas travel packages.
Post Office Small Savings Schemes Interest Rate July-September 2025: The government has announced that interest rates for small savings schemes, including PPF, NSC, SCSS, and SSY, will remain unchanged for the July-September 2025 quarter, marking the sixth consecutive quarter of static rates.
2025/07/05 06:31:25
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