Business
UP to set up its first handicraft park
The Uttar Pradesh government is building the first handicrafts park in Sector 29 of Yamuna Expressway Industrial Development Authority (YEIDA).
According to the government spokesman, a total of 76 industrialists have acquired land at the park spread over an area of 50 acres to set up their factories at the cost of Rs 403 crore.
The factories being set up at the park will provide permanent employment to 22,144 people.
The maiden handicrafts park of UP will feature workshops, factories and outlets making, showcasing and selling the wide ranging handicrafts of the state to the domestic and global visitors, aiming at conserving the traditional crafts, providing employment to thousands of artisans of the state and boosting the handicrafts sector’s contribution to the state’s economy.
UP’s rich traditional handicrafts include Banarasi sarees, brass works of Moradabad, perfumes of Kannauj, chikankari of Lucknow and terracotta art of Gorakhpur that have achieved global recognition.
Every district of the state has at least one special product that is integral to its identity.
The park will showcase their craftsmanship to the world and also enable people to get all famous handicrafts of UP under the same roof.
It will also provide a huge market for these products, boosting UP’s handicrafts business.
People living in Delhi and Noida will also have easy access to the handicrafts of Lucknow, Meerut, Bareilly, Firozabad, Agra, Varanasi, Chandauli, Gorakhpur, Allahabad, Pratapgarh, Azamgarh, Mirzapur and Jhansi and Lalitpur.
Prominent among the 76 investors at the park include Vikas Exports, which deals in wood, metal and marble works. Vikas Exports has been allotted 5,000 square metres of land to set up its venture.
Similarly, land has been allotted to The Silk Factory, Rateria Exports, Narayan Creation, Wazir Chand & Co, Dux India Industries Pvt Ltd, Dawar Footwear Industries and Specialist Home Concepts.
The park is located near the upcoming Jewar airport which will facilitate exports.
It is noteworthy that the Yogi government’s schemes like ODOP as well as Vishwakarma Shram Samman, seek to promote both local artisans and local handicrafts and artworks.
The Matikala Board, formed on the initiative of Chief Minister Yogi Adityanath, seeks to protect and promote local artisans. The artisans are provided training and market facilities as part of the initiative.
Business
Q1 results, inflation, US-Iran tensions among key triggers likely to drive stock market next week

Mumbai, Aug 9: Indian stock markets are likely to remain volatile next week as investors track a busy earnings calendar, the release of July retail inflation data, movements in crude oil prices, geopolitical developments surrounding the US-Iran conflict and foreign institutional investor (FII) flows.
Indian equities ended the week on a positive note despite heightened volatility, with investors assessing the implementation of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India’s monetary policy decision and persistent geopolitical uncertainties.
The Sensex gained 0.52 per cent over the week to close at 78,499.17, while the Nifty rose 0.77 per cent to finish at 24,570.65.
A key focus for investors next week will be the ongoing Q1 FY27 earnings season. Several prominent companies are scheduled to announce their April-June quarter results.
Markets will also react to India’s July retail inflation data, which is scheduled to be released by the Ministry of Statistics and Programme Implementation (MoSPI) on August 12.
Geopolitical developments, particularly those involving the US, Iran and the Strait of Hormuz, will remain another major market trigger.
Iran has reportedly put forward fresh conditions for reopening the strategically important Strait of Hormuz, while the UAE has reported that one of its vessels was targeted by an Iranian missile.
Any further escalation in geopolitical tensions or delays in reopening the shipping route could put additional pressure on crude prices.
FII activity will also remain on investors’ radar. Foreign institutional investors turned net buyers of Indian equities on Friday, snapping their brief selling streak.
According to provisional exchange data, FIIs purchased shares worth Rs 12,941.31 crore and sold equities worth Rs 12,461.07 crore, resulting in a net inflow of Rs 480.24 crore.
Domestic institutional investors (DIIs) continued to support the market, recording a net inflow of Rs 235.56 crore on Friday. DIIs bought equities worth Rs 15,679.58 crore and sold shares worth Rs 15,444.02 crore.
Business
India exported over 7,000 metric tonnes of Makhana to over 20 global destinations in FY26

New Delhi : India exported more than 7,000 metric tonnes of Makhana and value-added Makhana products to over 20 international destinations, including the US, the Middle East and Africa, in last fiscal (FY26), the government informed on Saturday.
Bihar accounts for nearly 85 per cent of India’s Makhana production. To further strengthen the sector, a separate HS Code for Makhana came into effect from July last year under the Finance Bill, 2025.
In a new feat, APEDA facilitated first-ever commercial sea shipment of 18 metric tonnes of GI-tagged Mithila Makhana from the BIADA Industrial Area in Bihta, Bihar, to Australia.
The consignment, sourced from Makhana growers of Darbhanga district, is expected to strengthen the international presence of Bihar’s flagship GI product while creating enhanced income opportunities for farmers through export-led market access, according to Commerce Ministry.
The initiative has enabled farmers to realise nearly 18 per cent higher returns than prevailing market rates, highlighting the benefits of export-oriented value chains and direct market linkages.
The export is expected to strengthen the international presence of GI-tagged Mithila Makhana, create sustainable export opportunities for Bihar’s Makhana sector and contribute to higher farmer incomes.
State Agriculture Minister Vijay Kumar Sinha said Makhana is the identity of Bihar and greater participation of Bihar-based exporters in international trade would enable farmers to secure better price realisation.
He emphasised the importance of maintaining quality standards to meet global market requirements and stated that the Government of Bihar is continuously working to strengthen the Makhana value chain by supporting growers, processors and exporters.
The minister further said that all necessary support would continue to be extended to the Phori community, whose traditional skills are integral to Makhana processing.
The first-ever sea shipment of GI-tagged Mithila Makhana to Australia reflects the growing global demand for Bihar’s agricultural products and opens new opportunities for farmers and exporters, he added.
Business
CSIR conclave reviews first-year progress of Phase III skill initiative

New Delhi : The Coordinators’ Conclave‑cum‑Meeting of the Monitoring Committee of the CSIR Integrated Skill Initiative reviewed the progress made during the first year of Phase III of the initiative, an official statement said on Saturday.
The statement from the Ministry of Science & Technology said the two‑day meeting facilitated knowledge exchange among participating laboratories and strengthened collaboration for effective implementation of the programme.
The conclave was hosted by CSIR‑HRDC in association with CSIR‑National Chemical Laboratory, Pune, and brought together Skill Nodal Coordinators from all 37 participating CSIR laboratories to present annual progress reports covering programmes conducted, trainee outreach, innovations, challenges and future action plans.
These presentations enabled the Monitoring Committee to comprehensively assess the implementation status across laboratories while providing an excellent opportunity for sharing best practices and successful models of skill development.
Dr. Mohana Krishna Reddy Mudiam, Director, Institute of Pesticide Formulation Technology (IPFT), Gurugram, and Chairman of the Monitoring Committee underscored that skill development is an integral part of nation-building and outlined five key priority pillars to guide the CSIR Integrated Skill Initiative towards building a robust, future-ready, and industry-aligned skill development ecosystem.
Dr. Vinay Kumar, Scientist-G and Skill Nodal Principal Investigator, CSIR-HRDC highlighted Skill Initiative’s pivotal role in creating a nationwide skill development ecosystem for nurturing industry-ready talent to build a technology-driven workforce.
Dr. Ashish Lele, Director, CSIR-NCL, Pune emphasised that CSIR is uniquely positioned to make a meaningful contribution to the Skill India Mission by leveraging its extensive nationwide laboratory network and scientific expertise to help position India as a global hub for skilled talent.
Dr. T. S. Rana, Head, CSIR-HRDC, Ghaziabad, emphasised CSIR’s commitment to transforming knowledge into digitally enabled, experiential, and innovation-driven solutions for skill development.
-
Crime4 years agoClass 10 student jumps to death in Jaipur
-
Maharashtra2 years agoMumbai Local Train Update: Central Railway’s New Timetable Comes Into Effect; Check Full List Of Revised Timings & Stations
-
Maharashtra2 years agoMumbai To Go Toll-Free Tonight! Maharashtra Govt Announces Complete Toll Waiver For Light Motor Vehicles At All 5 Entry Points Of City
-
Maharashtra2 years agoFalse photo of Imtiaz Jaleel’s rally, exposing the fooling conspiracy
-
National News2 years agoMinistry of Railways rolls out Special Drive 4.0 with focus on digitisation, cleanliness, inclusiveness and grievance redressal
-
Maharashtra2 years agoMaharashtra Elections 2024: Mumbai Metro & BEST Services Extended Till Midnight On Voting Day
-
National News2 years agoJ&K: 4 Jawans Killed, 28 Injured After Bus Carrying BSF Personnel For Poll Duty Falls Into Gorge In Budgam; Terrifying Visuals Surface
-
Crime2 years agoBaba Siddique Murder: Mumbai Police Unable To Get Lawrence Bishnoi Custody Due To Home Ministry Order, Says Report
