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The government on Wednesday launched Rs 4,531 crore market access support for exporters under which financial support will be provided to participate in activities such as international fairs and exhibitions. It will help exporters at some time when they are facing a steep 50 per cent tariff by the US. The measure is a part of the Rs 25,060-crore export promotion mission. Under the Market Access Support, Rs 4,531 crore will be allocated over six years (2025-31) and Rs 500 crore has been earmarked for 2025-26. Director General of Foreign Trade Ajay Bhadoo said under the measure structured financial and institutional support will be provided for activities including Buyer-Seller Meets (BSMs), participation in international trade fairs and exhibitions, Mega Reverse Buyer-Seller Meets (RBSMs) organised in India. A forward-looking three-to-five-year calendar of major market access events will be prepared and approved in advance, enabling exporters and organising agencies to plan ...
President Droupadi Murmu on Wednesday said there is an urgent need to actively support the Centre's ambitious Atmanirbhar Bharat Abhiyan by encouraging indigenous production, strengthening local supply chains and promoting domestic industry. Addressing a group of Indian Defence Accounts Service officers, who had called on the president at the Rashtrapati Bhavan here, she urged them to learn the new skills and use tools such as artificial intelligence-driven financial analytics to support evidence-based decisions and analytics for efficient fund utilisation. "As young officers, many of you will be dealing with high-value and strategically significant proposals early in your careers. This is both a privilege and a responsibility. You are expected to uphold the highest standards of integrity," the president said. Fairness, transparency, and accountability must guide every decision you make, she said. "You should remember that trust is the foundation of public service and it should be
The government of India and the Asian Development Bank (ADB) has signed agreements for three loans worth over USD 800 million for projects in Maharashtra, Madhya Pradesh and Gujarat. Accordingly, the loan agreements for the Maharashtra Power Distribution Enhancement Programme for Agricultural Solarization (USD 500 million), Indore Metro Rail Project (27,147,200,000 yen, equivalent to USD 190.6 million), and Gujarat Skills Development Programme (USD 109.97 million) were signed, a finance ministry statement said on Saturday. In addition, a Technical Assistance (TA) grant of USD 1 million was also signed to provide implementation support for the upcoming Sustainable Wetland and Integrated Fisheries Transformation (SWIFT) Project in Assam, designed to enhance the state's wetland ecosystems and fisheries. The Maharashtra project aims to modernise rural power infrastructure, promote distributed renewable energy generation, and improve agricultural productivity by providing farmers with ..