New Delhi, May 22 (IANS) Commerce and Industry Minister Piyush Goyal held a brainstorming session with senior officials of various ministries and captains of Indian industry on drawing up an action plan to strengthen the country’s manufacturing sector.”Chaired a comprehensive and productive meeting with officials from key ministries and leading industry associations to strategize on boosting domestic manufacturing,” the minister said in a post on X.”Reaffirmed the Government’s commitment to wo…
Latest Union Budget News & Updates
Mumbai, May 22 (IANS) The Reserve Bank of India (RBI) Central Board is meeting on Friday to finalise its transfer of surplus funds to the government under the revised Economic Capital Framework, with economists estimating the dividend to surpass last year’s record payout of Rs 2.69 lakh crore.Analysts from Bank of Baroda and Emkay estimate the dividend to range Rs 2.8 lakh crore and Rs 3.3 lakh crore.The windfall non-tax revenue will provide a major boost to Government finances that will help …
New Delhi, May 14 (IANS) The government has accelerated formalisation of unregistered enterprises through the Udyam and Udyam Assist platforms, bringing over 7.9 crore MSMEs and informal micro enterprises into the formal economy, an official statement said on Thursday.Targeted policy measures are improving access to credit, strengthening legal safeguards and enhancing ease of doing business, while digital platforms such as GeM, TReDS and SAMADHAAN are enabling better market access and faster pay…
New Delhi, May 13 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the increase in the Minimum Support Prices (MSP) for 14 kharif crops for Marketing Season 2026-27 to ensure remunerative prices to farmers.The highest absolute increase in MSP over the previous year has been recommended for sunflower seed at Rs 622 per quintal, followed by cotton (Rs 557 per quintal), nigerseed (Rs 515 per quintal), and sesamum (Rs 500 per qui…
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…
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…