Union Coal and Mines Minister G Kishan Reddy on Saturday said the beginning of the coal gasification project marks a historic step towards converting India's abundant coal resources into value-added products, which will strengthen the country's energy security and promote import substitution.
Reddy said this after Prime Minister Narendra Modi virtually laid the foundation stone for the Rs 25,000 crore Coal-to-Ammonium Nitrate Project of Bharat Coal Gasification & Chemicals Limited (BCGCL) in a meeting at Rairangpur in the presence of President Droupadi Murmu.
The Union minister attended the meeting by physically remaining present at the project site in Lakhanpur in Jharsuguda district.
"The project is targeted for commissioning by September 2029," an official said.
Reddy, in a post on X, said: "The project will strengthen India's energy security, promote import substitution, reduce dependence on critical imported chemicals and feedstocks, generate employment opportunities, and ...

Coal, Coal India

The Union minister attended the meeting by physically remaining present at the project site in Lakhanpur in Jharsuguda district

Press Trust of India

India and South Korea on Saturday discussed possible cooperation between the two countries in digital governance, e-government, public administration, capacity building and citizen-centric service delivery.
The discussion came up during a meeting between Republic of Korea Minister of Interior and Safety Yun Hojung and Union Minister of State for Personnel Jitendra Singh.
The two leaders, accompanied by respective delegations, held bilateral talks lasting over an hour, a statement issued by the Personnel Ministry said.
Singh said that the ministries concerned of both the countries are in active discussion for finalisation of a Memorandum of Understanding (MoU) to promote cooperation in the field of public administration and government innovation.
Discussions between the two sides focused on strengthening collaboration in areas such as digital transformation of government services, application of emerging technologies, including Artificial Intelligence, in public administration, ...

MoS Jitendra Singh holds a bilateral meeting with South Korea Interior and Safety Minister Yoon Ho-joong during the latter's visit to India, in New Delhi. (@DrJitendraSingh/X via PTI Photo)

The discussion came up during a meeting between Republic of Korea Minister of Interior and Safety Yun Hojung and Union Minister of State for Personnel Jitendra Singh

Health Ministry prohibits 16 fixed drug combinations, including antibiotic and cosmetic formulations, after an expert review found they lacked therapeutic justification and posed potential health risk

drugs, pharma

Business Standard

Disney's AI ad tool could lower video costs for SMEs and regional brands, but Indian marketers warn that scale without human judgement may weaken trust, recall and regulation

AI, Artificial Intelligence

The move aims to improve internet resilience and support the needs of one of the world's largest online populations

data centre

The Prime Minister will inaugurate and lay foundation stones for projects spanning energy, roads, irrigation, health, education and industrial infrastructure

PM Modi

Industry executives have called for regulatory reforms, revised building codes and skill development to boost structural steel use as urbanisation gathers pace

steel industry

The Indian two-wheeler industry will witness moderate wholesale volume growth of 3-5 per cent in FY27, as the sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases, ratings agency ICRA said on Friday.
The country's two-wheeler industry continues to demonstrate resilience, supported by improving domestic demand, healthy retail momentum, and sustained export growth, ICRA said in its latest sector update.
The growth is expected to remain supported by improved affordability arising from GST rationalisation and replacement demand.
Yet, ICRA said, "The sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases."
Despite supportive domestic demand drivers, geopolitical tensions in West Asia remain a key monitorable, as any escalation could disrupt supply chains and impact industry cost structures, it added.
Domestic wholesale

Two-wheeler industry to see moderate growth at 3-5% in FY27: Icra

The growth is expected to remain supported by improved affordability arising from GST rationalisation and replacement demand

VinFast Auto India on Friday said it has partnered with Tata Capital to provide auto and inventory financing for its dealer network.
The two partners have signed a Memorandum of Understanding (MoU) for the purpose.
Under the partnership, VinFast's dealer partners will have access to financing solutions tailored to support working capital requirements, inventory management and network expansion, the company said in a statement.
"This partnership will enable us to offer comprehensive financing solutions for our dealer network, thereby supporting greater accessibility, operational ease and long-term growth for the brand," VinFast Asia CEO Tapan Ghosh said.
Tata Capital COO - SME Finance Narendra Kamath said, "Through our partnership with VinFast, we aim to empower dealers with tailored financing support that enables business growth and operational efficiency.

VInfast

VinFast Auto India has partnered with Tata Capital to offer inventory and working capital financing support to its dealer network

Electric two-wheeler makers are expanding capacity as rising demand and model-specific shortages lead to longer delivery timelines in several markets

electric vehicles

Tata Motors on Thursday said it will hike prices of commercial vehicles by up to 2.5 per cent across its range from July 1 to partially offset the impact of rising commodity prices and other input costs.
The price increase will vary depending on the model and variant, Tata Motors said in a statement.
The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, it added.

Tata motors

The price increase will vary depending on the model and variant, Tata Motors said in a statement

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

The RBI's Supervisory Data Quality Index for scheduled commercial banks eased to 90.7 in March 2026, with declines in accuracy and timeliness offset partly by gains elsewhere

RBI, reserve bank of india

India's microfinance sector is seeing early revival signs as lenders prioritise asset quality and portfolio consolidation over aggressive loan growth after two years of slowdown

Microfinance, mutual fund

BCRC says forcing already certified business correspondents to take advanced IIBF certification may trigger exits as RBI's new rule takes effect on July 1, 2026

Private-sector lender increases FCNR(B) deposit rates following RBI's forex swap facility and temporary removal of the interest rate ceiling on eligible deposits

bank, banks

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