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 …
As per news reports, India’s consumer spending is set to witness a 46% surge over the next 6 years, reaching a staggering ₹372 lakh crore (US$ 4.3 trillion) by 2030, up from ₹208 lakh crore (US$ 2.4 trillion) in 2024. This growth is attributed to rising incomes, a young workforce, and increased digital penetration, making …
As per news report, India is gearing up to launch its own large language model (LLM) within the next 10 months, as announced by Union Minister of Information & Broadcasting, Railways, Electronics & IT, Mr Ashwini Vaishnaw. This initiative is part of the India AI Mission, aiming to develop an AI ecosystem that aligns with …
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 …
Finance Minister Nirmala Sitharaman has allocated ₹6,81,210.27 crore for the Ministry of Defence (MoD) in Union Budget 2025 for FY 2025-26. This is a 9.53% increase compared to the Budgetary Estimate for FY 2024-25 and represents 13.45% of the total Union Budget, the highest share among all ministries. Of this allocation, ₹1,80,000 crore (26.43%) is …
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 …
The Economic Survey 2024-25 has confirmed the dominance of the service sector in India’s economic landscape, terming it the ‘Old War Horse’. The sector has been instrumental in sustaining GDP growth, particularly when global merchandise trade slowed down. With its contribution to the total GVA increasing from 50.6% in FY14 to 55.3% in FY25, the …
Finance Minister Nirmala Sitharaman, in her Union Budget 2025 speech on February 1, announced a modified Udaan Scheme to enhance regional air connectivity. The revamped scheme aims to add 120 new destinations across India, significantly expanding travel options for millions. Since its inception, the Udaan Scheme has facilitated over 1.5 crore middle-class travellers, operationalised 698 …
On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, unveiling significant tax reforms that aim to provide relief to the middle class. A much-anticipated announcement was made regarding income tax exemptions under the new tax regime. The Finance Minister confirmed that no income tax will be payable for annual incomes of …
On February 1, 2025, FM Nirmala Sitharaman allocated ₹11.21 lakh crore for capital expenditure (capex), in Union Budget 2025. This indicates the government’s focus on infrastructure-driven growth. This allocation represents a 0.9% increase from the capex allocation in FY25. The government’s projected effective capital expenditure for FY26, which includes both the Centre and states, is …
