The Union Cabinet has approved enhanced financial powers for POWERGRID, raising its permissible equity investment limit from ₹5,000 crore to ₹7,500 crore per subsidiary. The decision is expected to accelerate India’s power transmission expansion and strengthen renewable energy evacuation infrastructure. The approval was granted by the Cabinet Committee on Economic…
Tag: #IndianEconomy
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MSME Ministry Launches National SC-ST Hub Awareness in Arunachal
Itanagar, Arunachal Pradesh – The Ministry of Micro, Small & Medium Enterprises (MSME), Government of India, organized the National SC-ST Hub-Mega Awareness Programme on 23 February 2026 at D.K. Conventional Hall, Itanagar. The initiative aims to strengthen the MSME ecosystem by promoting entrepreneurship, providing access to government schemes, and facilitating…
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India’s Factory Boom, But Capability Gap Widens
New Delhi, February 22, 2026: India’s industrial expansion across automobiles, electronics, batteries and pharmaceuticals is accelerating at an unprecedented pace. Massive factories are rising, investments are flowing, and production-linked incentive (PLI) schemes are reshaping manufacturing. Yet a deeper question persists: while India is building factories, is it truly building technological…
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MoSPI Releases Report on Constant Price Estimates for 2022–23
The Ministry of Statistics and Programme Implementation (MoSPI) has released the report of the Sub-Committee for Constant Price Estimates as part of the new 2022–23 series of National Accounts. The report details the methodology for compiling real estimates for production-side and expenditure-side aggregates, offering a more robust framework for measuring…
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India Revises Merchandise Trade Indices Base Year to FY23
In a significant move to modernise India’s trade data framework, the Directorate General of Commercial Intelligence and Statistics (DGCI&S) has revised the base year of the Merchandise Trade Indices to FY 2022–23. The update replaces the earlier base of FY 2012–13 and aims to align trade statistics with current economic…
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RBI Restores Default Loss Guarantees for NBFCs
Mumbai: In a significant relief to non-banking finance companies (NBFCs), the Reserve Bank of India (RBI) has restored the recognition of default loss guarantees (DLGs) in loan provisioning, reversing its earlier restrictive stance. The move is expected to strengthen digital lending partnerships and support broader credit expansion. Under the revised…
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Budget 2026 Focuses on Capex, Not Populism: PM Modi
New Delhi: Prime Minister Narendra Modi has described the Union Budget 2026-27 as a forward-looking blueprint that prioritises productive capital expenditure over short-term populism, positioning India firmly on the path toward Viksit Bharat by 2047. ₹12.2 Lakh Crore Capital Expenditure Push The Prime Minister highlighted that the Budget earmarks ₹12.2…
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Startup India Recognises 2.07 Lakh Startups, Creates Jobs
The Government of India’s flagship Startup India initiative has recognised more than 2.07 lakh startups across the country, generating over 21.9 lakh direct jobs as of December 31, 2025. The milestone reflects the rapid growth of India’s innovation ecosystem, supported by government funding, tax incentives, and regulatory reforms aimed at…
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Narendra Modi Highlights Reform Express at ET Summit
New Delhi, February 13, 2026: Prime Minister Narendra Modi on Friday said India’s economic transformation over the past decade has positioned the country as a major driver of global growth. Addressing the ET Now Global Business Summit 2026, he emphasized that reforms, innovation, infrastructure spending, and global trade partnerships have…
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Paradip Port Drives Odisha Growth With Record Cargo
Paradip, Odisha: Paradip Port Authority has emerged as a cornerstone of Odisha’s ambitious economic transformation, achieving record cargo handling while unveiling major expansion plans that position the port as a future global maritime gateway. The port’s operational strength and strategic vision are set to play a crucial role in driving…