The Union Budget has placed significant emphasis on unlocking the vast potential of India’s shipping sector. This forward-thinking plan aims to further empower the country’s shipbuilding industry through innovative measures that will drive investment, generate economic growth, create jobs, and add long-term value. Plans to Develop Maritime Development Fund (MDF) To support India’s maritime sector, …
Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26 in Parliament on February 1, 2025. The budget highlighted several important allocations, with a significant increase in the share of the Gender Budget Statement (GBS). This increase demonstrates the government’s growing commitment to empowering women and …
During the Union Budget 2025 Presentation on February 1, 2025, the Union Finance Minister, Nirmala Sitharaman, announced significant changes to the PM SVANidhi Scheme. The Scheme aims to further support street vendors who have been among the hardest hit by the COVID-19 pandemic. This revamped initiative is set to provide enhanced loan facilities, UPI-linked credit …
The Union Budget for 2025-26 has introduced a comprehensive set of measures designed to bolster India’s Micro, Small, and Medium Enterprises (MSMEs). Recognizing their pivotal role in driving economic growth, alongside sectors like agriculture, exports, and investment, the government has made substantial provisions to foster the growth of MSMEs. These initiatives aim to enhance efficiency, …
Amid widespread social media claims that the retirement age for central government employees has been raised to 62 years, government authorities have confirmed that no such change has been made. The Press Information Bureau (PIB) and Lok Sabha have both reiterated that there is no proposal under consideration to increase the retirement age beyond 60 …
The Ministry of Coal recently on February 3, 2025, announced that the coal sector demonstrated the highest growth among the eight core industries in December 2024, according to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce & Industry. The coal index reached 215.1 points, a 5.3% increase from 204.3 points …
The Union Budget 2025, presented on February 1, 2025, announced significant measures to boost India’s textile sector, which is primarily driven by MSMEs and contributes substantially to the economy. The Ministry of Textiles received a budget outlay of ₹5,272 crores for 2025-26, marking a 19% increase from the ₹4,417.03 crores allocated in the previous budget. …
Biofuels are emerging as a sustainable alternative to fossil fuels, offering environmental and economic benefits. Recognising their potential, the Indian government has introduced several policies and incentives to encourage biofuel production, blending, and adoption. The National Policy on Biofuels (2018) and Its 2022 Amendment The National Policy on Biofuels, 2018, and its 2022 amendment have …
Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2025 in Parliament on January 31. The report highlights India’s expected GDP growth of 6.3-6.8% in FY26, despite global uncertainties. It also projects controlled inflation, stable financial markets, and strong contributions from all major sectors. This survey follows the Economic Survey 2024, which was presented in …
On Monday, February 3, the Indian rupee dipped below the 87 per dollar threshold for the first time in history, falling from its previous close of 86.61/$ on January 31. This drop came amid rising global trade tensions following new tariffs imposed by US President Donald Trump on Mexico, Canada, and China. Tariffs Imposed by …
