News

Taiwanese company Foxconn, Apple's primary supplier, will receive Rs 6,970 crore in incentives under Karnataka's ESDM policy, signifying the state's commitment to enhancing its presence in high-end electronics manufacturing. The budget also includes measures to improve Bengaluru's infrastructure, with an increased annual grant and the establishment of a new SPV to manage funds and implement projects.

Apple is aggressively expanding its retail footprint in India, actively recruiting staff for upcoming stores in Delhi NCR, Pune, Mumbai, and Bengaluru. This significant move follows the company's record-breaking sales in the country, highlighting its commitment to the Indian market and its growing customer base.

Prime Minister Narendra Modi has filed his nomination from Varanasi for the third consecutive term, disclosing his mobile number, email address, and personal financial details in his election affidavit. During the nomination event, NDA leaders accompanied Modi, who later urged local party members to promote BJP's initiatives.

Arvind Panagariya, Chairman of the 16th Finance Commission, outlined an ambitious yet credible vision for India's future, emphasizing the nation's strong economic trajectory and long-term growth potential. He believes that India's goal of becoming a developed nation by 2047 is within reach, based on several decades of robust economic performance and a projected $10 trillion economy within the next decade.

India's GST collections witnessed a healthy increase in February 2025, with domestic GST revenue climbing by 10.2% and overall Gross GST Revenue surging by 9.1%. This positive trend reflects the government's efforts to streamline tax collection processes and contribute significantly to the national exchequer.