The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced a National Manufacturing Mission to strengthen India’s manufacturing capabilities. The initiative aims to provide a structured policy framework, execution roadmap, governance model, and monitoring system for both central ministries and state governments. This mission is expected to enhance industrial growth across small, medium, and …
The Indian rupee has plummeted to a lifetime low of 87.49 against the US dollar, making it the worst-performing Asian currency in 2025, influenced by Trump’s tariffs and RBI rate cut expectations. Rupee Tumbles Due to Trade Tensions The Indian Rupee has recently become the worst-performing currency in Asia this year, dropping to a record …
On February 5, 2025, the Reserve Bank of India’s (RBI) monetary policy committee meeting began and is expected to conclude its longest pause in interest rates with a rate cut on Friday February 7, 2025, as per various news reports. The meeting includes two new RBI members: Governor Sanjay Malhotra and Deputy Governor M. Rajeshwar …
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, …
In 2024, India’s jewellery consumption reached 563.4 tons, surpassing China’s 511.4 tons, solidifying India’s position as the world’s largest gold consumer in this sector. India’s total gold demand rose by 5% year-on-year, reaching 802.8 tons in 2024, up from 761 tons in 2023. This increase was driven by higher jewellery consumption and a significant rise …
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. …
