New Delhi, May 2 (IANS) Prime Minister Narendra Modi will inaugurate the PM MITRA Kakatiya Mega Textile Park in Warangal, Telangana on May 10, Union Coal and Mines Minister G. Kishan Reddy said on Saturday.Taking to a microblogging platform X, the minister said the park, to be inaugurated virtually from Hyderabad, is envisioned as a world-class integrated textile hub that will boost manufacturing, employment and exports.He further highlighted that the project has an estimated cost of Rs 1,695.54…
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Ahmedabad/Mumbai, April 30 (IANS) India has initiated steps towards developing an indigenous high-speed train for the Ahmedabad-Mumbai corridor, with a single tender issued to a state-owned defence manufacturer to undertake the design, production and long-term maintenance of the rolling stock, officials said on Thursday. In a move aligned with the country’s push for self-reliance, the National High-Speed Rail Corporation Limited (NHSRCL) on February 28 issued the tender to BEML Limited, a Schedu…
New Delhi, April 28 (IANS) As India works towards transforming from a $3.7 trillion economy to a $30–35 trillion economy by 2047, manufacturing is expected to play a central role, with its share in GDP rising to at least 25 per cent from the current level of 16 to 17 per cent, an official fact-sheet said on Tuesday. In this context, India’s manufacturing strategy has increasingly focused on the development of integrated manufacturing hubs, spatial ecosystems that combine physical infrastruct…
New Delhi, April 27 (IANS) Cargo transportation in India through its National Waterways reached an all‑time high of 145.84 million metric tonnes in FY25, and passenger traffic jumped to 7.6 crore in 2024‑25 from 1.61 crore the year before, the government said on Monday.India now has a network of 111 National Waterways totalling 20,187 km in length, with 32 waterways currently operational covering 5,155 km, an official statement said.The number of operational waterways is projected to increas…
New Delhi, April 23 (IANS) The shipments of ‘Made in India’ smartphones grew 8 per cent (on-year) in 2025, driven by a 28 per cent surge in exports and a 1 per cent growth in domestic sell-in, according to a new report on Thursday.Exports accounted for approximately one-third of all smartphones manufactured in India, said Counterpoint Research’s ‘Make in India’ Tracker.Foxconn Hon Hai emerged as the key beneficiary with a 48 per cent YoY growth in its exports, driven by strong Apple sh…
New Delhi, April 18 (IANS) Lok Sabha Speaker Om Birla said that the Seventh Session of the 18th Lok Sabha, which commenced on January 28, concluded on Saturday, recording a productivity of 93 per cent and passage of nine government bills. The Speaker informed the House that 31 sittings were held during the Session, which lasted for around 151 hours and 42 minutes.Talking about the amendment bill on women’s quota, the Speaker said that the Constitution (One Hundred and Thirty-First Amendment) B…
New Delhi, April 1 (IANS) Pradhan Mantri Mudra Yojana (PMMY) has sanctioned more than 52.37 crore loans disbursing a total of Rs. 33.65 lakh crore since its launch in April 2015, according to an official fact-sheet.Around 70 per cent of loans went to women entrepreneurs and about 50 per cent to borrowers from Scheduled Caste, Scheduled Tribe and Other Backward Classes, the fact-sheet said.A category‑wise breakdown of loan sanctions showed that Shishu loans account for 78 per cent of the number…
New Delhi, March 31 (IANS) The government has notified the Finance Act 2026 to bring into effect the financial proposals of the Union Budget for 2026-27.A gazette notification issued by the Ministry of Law and Justice stated: “The Finance Act 2026 received the assent of the President on March 30, 2026 and is hereby published for general information.”The Parliament on Friday approved the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha by a voice vote, completing the legislati…
New Delhi, March 31 (IANS) With the FY26 fiscal set to end on Tuesday, investors are gearing up for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1.Many brokers, traders and demat account holders are concerned about the sharp increase in STT on futures and options (F&O) trades, following revisions announced by Finance Minister Nirmala Sitharaman in the Union Budget FY26-27. She had also proposed a significant increase in charg…
New Delhi, March 30 (IANS) The standard insurance coverage for bank locker holders is fixed at 100 times the annual locker rent in case of any loss, Finance Minister Nirmala Sitharaman said on Monday.Replying to a supplementary question in the Lok Sabha during Question Hour, FM Sitharaman clarified that banks are not allowed to check or record the valuables kept by customers in lockers, as doing so would violate banking regulations.”Because of this restriction, it is not possible to offer insura…