The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Regional Connectivity Scheme-Modified UDAN for a period of 10 years with a total outlay of Rs 28,840 crore, with the budgetary support of the Central Government.
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A new bill aims to strengthen oversight of foreign-funded organizations. It proposes a dedicated authority to manage assets of non-profits whose licenses are cancelled. This move seeks to prevent misuse of foreign funds and ensure accountability. The government asserts the…
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The Finance Bill has been passed by the Lok Sabha on Wednesday, marking a key step in implementing the Central Government’s Budgproposals for the fiscal year 2026-2027. Finance Minister Nirmala Sitharaman had moved the bill in the House on Monday.
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S&P Global Ratings has raised India’s FY27 growth forecast to 7.1%, citing strong consumption and exports, but warns of downside risks from the Gulf conflict. Elevated oil prices could strain fiscal positions and dampen domestic demand, potentially leading to a…
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Trade disruptions via the Strait of Hormuz are hitting more than just oil and gas. Key industries like automobiles, chemicals, metallurgy, and personal care products face supply chain strains. UBS reports highlight that the availability of essential raw materials, not…
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Indian air conditioner makers face production issues. A shortage of Liquefied Petroleum Gas is disrupting manufacturing. Companies are using alternative fuels at higher costs. This comes as demand rises for summer. Brands are increasing prices to cover expenses. Unseasonal rains…
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