Next Gen Consulting

Author: admin

  • India–UK Trade Deal to Boost Farmers and Fishermen: Goyal

    New Delhi, June 23: The India–UK Free Trade Agreement (FTA) is expected to bring significant benefits for farmers, fishermen, and micro, small and medium enterprises (MSMEs), Union Minister Piyush Goyal said.

    Goyal noted that the agreement will help expand market access for Indian products, improve export opportunities, and strengthen income prospects for key sectors of the economy, particularly those dependent on agriculture, fisheries, and small-scale industries.

    He added that the FTA is designed to create a more balanced and mutually beneficial trade environment, enabling Indian producers to reach wider international markets while also encouraging investment and collaboration between the two countries.

    According to him, the agreement is expected to boost employment opportunities, enhance competitiveness, and support the growth of export-oriented industries across India.

    Experts believe that improved trade ties between India and the United Kingdom could further strengthen bilateral economic relations and open new avenues for cooperation in goods, services, and innovation-driven sectors.

    The statement underscores the government’s focus on leveraging trade agreements to support inclusive growth and strengthen India’s global economic engagement.

  • Kutch Gets Air Connectivity Boost via Mundra Airport

    Mundra (Gujarat), June 23: Adani Mundra Airport has strengthened regional air connectivity by linking Kutch to eight cities, marking a significant step towards improving accessibility and unlocking the region’s economic potential.

    The enhanced connectivity is expected to boost trade, tourism, and industrial activity in the Kutch region, which is already emerging as a key hub for logistics, manufacturing, and port-led development.

    Officials noted that improved air links will reduce travel time, support business operations, and encourage greater investment inflows into the region. The development is also expected to benefit small and medium enterprises by improving access to major commercial centres.

    Industry experts believe that better connectivity will play a crucial role in accelerating Kutch’s integration with national and global markets, further strengthening Gujarat’s position as an industrial and economic powerhouse.

    The expansion reflects a broader push to enhance regional infrastructure and improve last-mile connectivity to support long-term economic growth.

  • Gujarat Leaders Remember Shyama Prasad Mukherjee on Death Anniversary

    Gandhinagar, June 23: Leaders in Gujarat paid floral tributes to Shyama Prasad Mukherjee on his death anniversary, honouring his contribution to nation-building and public life.

    On the occasion, public representatives and party leaders remembered Mukherjee’s role in strengthening democratic values and his commitment to national integration. They described him as a visionary leader whose ideals continue to inspire public service and governance.

    Tribute programmes were organised across several parts of the state, where leaders and citizens gathered to offer respects and reflect on his legacy.

    Speakers highlighted that Mukherjee’s principles and dedication to the nation remain relevant even today, especially in the context of unity and development.

    The commemorative events concluded with calls to uphold his ideals and continue working towards national progress.

  • NCW Seeks Action Taken Report from Odisha DGP Over Rayagada Mob Assault Triggered by Child-Lifting Rumour

    Rayagada, June 23 (UDN): The National Commission for Women (NCW) has taken strong cognisance of the mob assault on a non-Odia woman in Odisha’s Rayagada district after she was falsely suspected of being involved in child lifting, and has sought an Action Taken Report (ATR) from the Director General of Police (DGP), Odisha.

    NCW Seeks Action Taken Report from Odisha DGP Over Rayagada Mob Assault Triggered by Child-Lifting Rumour

    Acting on its own initiative, the NCW has directed the state police chief to submit a detailed report, including a copy of the FIR, progress of investigation, and action taken against those involved in the assault as well as individuals responsible for spreading the rumour that triggered the violence.

    The Commission has also sought information on the victim’s medical treatment, counselling support, and safety arrangements for volunteers and interns associated with NGOs working in the region.

    The case has also come under the purview of the National Human Rights Commission (NHRC), with petitions alleging administrative and police lapses in controlling the rumour and preventing the attack. The petitions have named the Governor, Chief Minister, Chief Secretary, DGP, Rayagada SP, and District Collector as respondents, seeking strict action against the accused, compensation for the victim, and psychological support.

    State Women’s Commission Chairperson Shobhana Mohanty termed the incident “shocking and inhumane,” noting that the victim, who has since returned to Delhi, has recorded her statement via video conferencing. She also said efforts are underway to ensure filing of a charge sheet within 60 days and trial in a fast-track court.

    Additional Director General of Police (Crime Against Women and Children Wing) S. Saini said the investigation is being treated on a priority basis and will be closely monitored, with plans for a fast-track trial.

    Police said the victim was allegedly misled by an individual for directions, who later spread false rumours branding her as a child kidnapper, triggering the mob attack. The alleged mastermind behind the misinformation has been arrested, and investigators are examining multiple video clips to identify other accused. A Test Identification (TI) parade is also being considered.

    So far, 25 people have been arrested in connection with the case. While 24 accused have already been produced before court, another arrest was made recently. Several residents of Intaliguda village have reportedly fled the area fearing further arrests.

    Rayagada Superintendent of Police Rajprasad visited Intaliguda Chhak in Kalyansinghpur to review the situation, met individuals who rescued the victim, and commended their intervention. Additional police forces have been deployed to maintain law and order and prevent further unrest.

    Authorities have urged the public not to circulate rumours, warning of strict action against those spreading misinformation.

  • SIPs and Equities Dominate 80 pc of Digital Investors’ Wealth in India

    New Delhi, June 23: Systematic Investment Plans (SIPs) and equities together account for nearly 80% of the wealth held by digital investors in India, according to a recent report.

    The findings highlight a strong preference among retail investors for market-linked instruments, reflecting growing financial awareness and increasing participation in capital markets through digital platforms.

    The report notes that SIPs have become a key entry point for long-term wealth creation, particularly among young and first-time investors. Equities, meanwhile, continue to attract significant interest due to their potential for higher returns compared to traditional savings instruments.

    Experts attribute this trend to rising financial literacy, easier access to digital investment platforms, and a shift in investor behaviour towards disciplined, long-term investing. The growing adoption of fintech solutions has also made investing more convenient and transparent.

    Analysts believe this shift indicates a structural change in India’s investment landscape, with more individuals moving away from traditional savings and toward diversified, market-linked portfolios.

    Overall, the report underscores the increasing dominance of SIPs and equities in shaping the wealth-building strategies of India’s digital investor base.

  • Bhagwati Products Crosses INR 17,000 Crore Revenue Milestone, Advances Vision to Build India’s Electronics Design Platform

    Bengaluru, June 23: Bhagwati Products Limited has crossed the INR 17,000 crore revenue milestone, marking a significant step in the company’s growth journey and reflecting the momentum created by its expanding manufacturing footprint, strong position in the smartphone ecosystem, and growing capabilities across the electronics value chain. The milestone builds on a period of rapid growth for the company, with revenues increasing nearly tenfold from approximately Rs 620 crore in FY24 to Rs 6,200 crore in FY25, underscoring the pace at which the business has scaled over the past two years.

    The smartphone business continues to be the company’s largest revenue driver. With the capacity to manufacture up to 40 million smartphones annually, Bhagwati Products serves leading global brands including Vivo, OPPO and Lenovo. The Rs 17,000 crore milestone has been supported by the continued expansion of its manufacturing capabilities, particularly the scale-up of SMT and FATP lines, enabling higher throughput and greater flexibility across product categories. Beyond smartphones, the company is steadily expanding its presence across adjacent categories such as tablets and TWS devices, strengthening its participation in fast-growing segments of the consumer electronics market.

    The milestone also reflects Bhagwati Products’ evolution beyond large-scale manufacturing. The company is steadily building capabilities across design, engineering, components and advanced manufacturing, creating a more integrated electronics platform that supports both current growth opportunities and future technology categories.

    Commenting on the milestone, Rahul Sharma, Co-Founder, Bhagwati Products Limited, said,

    “Our ambition is to build India’s leading Electronics Design Platform. We believe India’s opportunity lies not just in manufacturing products at scale, but in building deep capabilities in design, engineering, components and advanced manufacturing. By strengthening design-led innovation and integrating global technology capabilities into India, we aim to enable global brands to scale with confidence while positioning India as a stronger force in the global electronics value chain.”

    The company has established capabilities across electronics manufacturing services (EMS), memory technologies and tooling. It is also evaluating opportunities in deep-tech and semiconductor-linked investments as part of its broader strategy to strengthen domestic value addition and build deeper capabilities across the electronics value chain.

    The company’s partnership with Huaqin has been another important growth catalyst. Through its 51:49 joint venture with the global ODM leader, Bhagwati Products has strengthened its product development, engineering and manufacturing capabilities while enhancing its ability to scale alongside global brands. The partnership played a key role in supporting the company’s rapid ramp-up in FY25, when revenues grew tenfold to Rs 6,200 crore, and helped accelerate orders across smartphones and connected devices. Beyond supporting scale, the joint venture has also reinforced Bhagwati Products’ transition towards a more integrated electronics platform with stronger design and technology capabilities.

    The company is now preparing to build a significant presence in IT hardware and computing, which it sees as a major near-term opportunity. Automotive electronics is expected to emerge as another key growth engine as vehicles become increasingly connected, software-driven and electronics intensive.

    Looking ahead, as India’s electronics manufacturing landscape continues to evolve, Bhagwati Products is positioning itself not just as a high-scale manufacturer, but as a broader electronics platform with capabilities spanning design, engineering, manufacturing, components, memory, and semiconductor-linked technologies. The Rs 17,000 crore milestone reflects both the scale the company has achieved today and the foundation it is creating for its next phase of growth.

  • India–Russia Eastern Sea Route Gains Strategic Importance Amid West Asia Crisis

    New Delhi, June 23: The India–Russia eastern sea route is gaining increased importance amid ongoing geopolitical tensions in West Asia, with shifting global trade patterns prompting renewed focus on alternative shipping corridors.

    The development comes as disruptions and uncertainty in key West Asia-linked maritime routes continue to impact global supply chains. In this context, the eastern sea route between India and Russia is emerging as a more stable and strategically viable option for trade and energy movement.

    Industry observers note that the route is likely to play a key role in ensuring continuity of shipments, particularly in sectors such as energy, commodities, and industrial goods. The corridor is also being viewed as part of broader efforts by countries to diversify trade routes and reduce reliance on geopolitically sensitive passages.

    Experts believe the increased significance of this route reflects a wider global trend of strengthening resilient and alternative supply chains to safeguard against geopolitical risks.

    The development underscores the evolving nature of international trade logistics amid ongoing global uncertainties.

  • Odisha Updates English Spellings of Key Cities and Towns to Reflect Authentic Odia Pronunciation

    Bhubaneswar, June 23 (UDN): The Odisha Government has officially notified revised English spellings for several districts, towns, and administrative blocks across the state in an effort to better align them with their original Odia pronunciation and linguistic roots.

    Odisha Updates English Spellings of Key Cities and Towns to Reflect Authentic Odia Pronunciation

    Representational image

    Under the updated nomenclature, several prominent place names will now be represented in official English records as follows: Cuttack will be spelt as Kataka, Balasore as Baleshwar, Berhampur as Brahmapur, Khurda as Khordha, and Rourkela as Raurkela.

    Officials said the decision has been taken to preserve Odisha’s linguistic heritage and ensure that government records, signage, and official communications more accurately reflect the authentic Odia names of places.

    The revised spellings will be implemented across administrative documents, maps, and public communication systems in a phased manner by various government departments.

    The move is expected to strengthen cultural identity and promote uniformity in the representation of place names across official platforms.

    The government has not commented on public reactions yet, though the decision is likely to generate discussions among residents, historians, and language experts on its cultural and practical implications.

  • Preventive Health Measures Could Deliver Massive Global Savings: WEF

    New Delhi, June 23, 2026: Investing in simple preventive healthcare measures could help the world save nearly USD 6 trillion by 2040, according to a World Economic Forum (WEF) report.

    The report highlights that shifting focus from treating diseases to preventing them can significantly reduce long-term healthcare costs while improving overall public health outcomes. It notes that early diagnosis, routine health check-ups, vaccinations, healthier lifestyles, and timely medical interventions can help avoid the progression of serious and costly illnesses.

    According to the findings, a large share of global healthcare expenditure is driven by chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders. Many of these conditions can be managed more effectively—or even prevented—through early action and consistent primary healthcare support.

    The WEF report further emphasizes that preventive healthcare not only reduces pressure on healthcare systems but also improves workforce productivity and quality of life. Healthier populations are likely to contribute more effectively to economic growth, reducing absenteeism and long-term medical dependency.

    Experts suggest that stronger primary healthcare networks, increased public awareness, and greater investment in digital health tools such as telemedicine and early screening technologies will be key to achieving these outcomes.

    The report also calls for collaboration between governments, private sector players, and healthcare providers to build systems that prioritize prevention alongside treatment.

    Overall, the findings underline a clear message: investing in preventive healthcare today could lead to substantial economic savings and healthier societies in the decades ahead.

  • Gold and Silver Prices Decline Up to 3 pc Amid US Fed Rate Hike Concerns

    New Delhi, June 23: Gold and silver prices fell by up to 3% amid growing concerns over a possible interest rate hike by the US Federal Reserve, which has weighed on investor sentiment in global bullion markets.

    The decline reflects increased caution among investors, as expectations of higher interest rates tend to strengthen the US dollar and reduce the appeal of non-yielding assets such as gold and silver.

    Market analysts said precious metals came under pressure as traders reassessed their positions in response to evolving monetary policy signals from the US central bank. A stronger dollar and higher bond yields typically reduce demand for safe-haven assets like bullion.

    Despite the short-term decline, experts noted that gold and silver continue to remain important hedging instruments amid ongoing global economic uncertainties, including inflation risks and geopolitical tensions.

    Traders are closely watching upcoming US economic data and Federal Reserve commentary for further cues on the interest rate trajectory, which is expected to influence bullion prices in the near term.

    Overall, the precious metals market remained under pressure as global investors adjusted expectations around US monetary policy.