New Delhi, May 5 (IANS) Reflecting strong economic activity and credit demand. scheduled commercial banks (SCBs) registered robust credit growth of 15.9 per cent in FY 2025-26, the government said on Tuesday.FY26 ended with robust non-food credit growth of 15.9 per cent, marking a significant 497 basis points (bps) increase in growth from the corresponding period in FY25 (10.9 per cent). The aggregate credit outstanding in March 2026 reached Rs 212.9 lakh crore, Rs 29.2 lakh crore higher than th…
Latest Industry News & Updates
Chandigarh, April 28 (IANS) Punjab Chief Minister, Bhagwant Mann, on Tuesday presented a report card of his visits to the Netherlands and Finland, saying the government has secured concrete global partnerships in agriculture, industry, and innovation that will directly benefit farmers, youth, and the state’s economy. Highlighting a Rs 1,300 crore JICA-backed push, strong interest from global companies, and advanced agri-tech collaborations from Keukenhof to Finland, CM Mann told the media here…
New Delhi, April 26 (IANS) Commerce and Industry Minister Piyush Goyal will hold a crucial meeting with export promotion councils and industry bodies on April 27 to discuss strategies to boost outbound shipments, amid growing concerns over declining exports and geopolitical disruptions.The meeting comes at a time when Indian exporters are facing headwinds due to the ongoing tensions in West Asia, triggered by the conflict involving the US, Israel and Iran.Industry sources said the situation has …
New Delhi, April 22 (IANS) In a move aimed at strengthening youth employability and bridging the gap between academia and industry, the Centre on Wednesday expanded the eligibility criteria for the pilot phase of the Prime Minister Internship Scheme (PMIS). The Ministry of Corporate Affairs (MCA), in consultation with the Department of Higher Education under the Ministry of Education, has now opened the scheme to final-year undergraduate and postgraduate students.The decision is expected to prov…
Bengaluru, April 18 (IANS) Chief Justice of India Justice Surya Kant and Karnataka Chief Minister Siddaramaiah on Saturday inaugurated the two-day International Conference on “Sustainable Energy: An Agenda for India @ 2047 – Reimagining Law, Policy, and Innovation for Energy Justice” in Bengaluru. The two-day international conference on “Sustainable Energy: An Agenda for India @ 2047” prominently highlights the initiatives and leadership of the Department of Energy, Government of Karna…
New Delhi, 9 April (IANS) Apex business chamber FICCI on Thursday indicated that early signs of stress due to the West Asia conflict are visible across sectors, warranting proactive measures to mitigate immediate risks and build long-term resilience. In a report titled West Asia Conflict: Implications for India and Imperatives for Industry and Government, FICCI suggested a two-pronged strategy for industry, focused on financial resilience and operational continuity. Firms are encouraged to se…
Seoul, March 31 (IANS) The government will operate a crude oil swap system with private companies, starting Tuesday, in a bid to help oil refineries secure alternative oil supplies and minimise supply disruptions, the industry ministry said.Under the system, set to run over the next two months, the government will lend some of its oil reserves, mostly Middle Eastern crude, to oil refineries and later restore the stock with alternative supplies secured by the companies, reports Yonhap news agency…
Gandhinagar, March 29 (IANS) Gujarat has moved to expand access to advanced computing infrastructure for artificial intelligence, announcing plans to deploy more than 100 high-performance graphics processing units (GPUs) across the state to support startups, educational institutions and government departments, officials said on Sunday. The initiative, led by Gujarat Informatics Limited under the state’s Science and Technology Department, follows the recent “AI Startup Samvad” and is aligned with…
Chandigarh, March 28 (IANS) Punjab Chief Minister Bhagwant Mann on Saturday called upon the government of India to urgently ensure enhanced and uninterrupted supply of petrol, diesel, and DAP fertiliser as the state gears up for a 140 lakh metric tonne (LMT) wheat harvest, warning that any disruption in fuel availability could directly impact national food security.While reiterating that there is no shortage and no cause for panic, the Chief Minister underscored that timely action by the Centre …
Mumbai, March 22 (IANS) Union Education Minister Dharmendra Pradhan said on Sunday that in the coming decade young innovators will not only answer deep tech challenges of the country but also that of the world, especially the Global South and emerging economies.Delivering the valedictory address at the concluding session of Bharat Innovates deep-tech pre-summit at IIT Bombay, he said the academia, industry, financial industry and youth are the key players to make the country a bigger innovation …