US Companies Slash Jobs to Reverse Pandemic Hiring Boom

Major US corporations like Amazon, UPS, and Pinterest are implementing significant workforce reductions to address overstaffing from pandemic-era hiring binges, with economic uncertainty and AI investments reshaping employment landscapes.

Economic Survey 2026: Too Arcane, Not Analytical Enough

The Economic Survey 2025-26, while projecting GDP growth, fails to critically analyze government policy failures, employment schemes, and manufacturing stagnation, raising concerns about its utility for policymakers.

UP Govt Approves Redevelopment Policy for Urban Properties

The Uttar Pradesh government has approved a redevelopment policy to unlock prime land parcels in cities, allowing private players to revitalize underutilized buildings and rationalizing development fees to promote urban density.

Trump Warns Canada Over 50% Aircraft Tariff

US President Donald Trump threatens 50% tariff on all Canadian aircraft imports, escalating tensions with Prime Minister Mark Carney over Gulfstream certification issues.

ONGC to Offload OPaL Stake via Global Tender

State-run ONGC plans a global tender to sell stake in subsidiary OPaL, part of government asset monetization. OPaL's FY25 revenue rose to ₹14,804 crore amid India's petrochemical growth.

TN Offers 20% Subsidy for Textile Machines, Rs 30 Crore Yearly

Chief Minister M K Stalin announced a 20% capital subsidy for weaving and knitting machines and Rs 30 crore annual allocation at the International Textile Summit in Coimbatore, highlighting Tamil Nadu's 33% share in India's textile trade.

UP Power Sector Upgrades Boost Industrial Growth

The Uttar Pradesh government is implementing significant power infrastructure upgrades to ensure stable, affordable electricity for industries, with over 1.5 million transformers installed since 2017.

Economic Survey Calls for RTI Act Review

The Economic Survey 2025-26 recommends revisiting the RTI Act, proposing exemptions for policy deliberations and exploring a ministerial veto with parliamentary oversight.

GIL Wins Rs 30 Crore Vietnam Order for Su-30 Parachutes

State-owned Gliders India Limited (GIL) has secured a Rs 30 crore export contract from Vietnam for critical braking and safety parachutes for Su-30 fighter aircraft, boosting India's defence manufacturing reputation.

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