The new Bharat Audyogik Vikas Yojna or BHAVYA scheme, to develop industrial parks over an estimated 33,600 acres of land, will be implemented with States through a challenge mode

Industrial Park

Business Standard

From gig and contractual workers to street vendors and students, struggle is now part of everyday life

LPG, LPG cylinders, cylinder, cylinders, LPG Crisis

India's green transition needs fiscal reform, says NITI Aayog's Suman Bery, as global energy shifts and supply risks reshape opportunities for the Global South

Suman Bery, Suman, Bery

The production-linked incentive scheme for large-scale electronics manufacturing, due to end on March 31, has propelled India as the second-largest smartphone maker in the world. What's its future?

d-take-2

The government on Wednesday approved Rs 1,718.56 crore as reimbursement for price support extended under MSP operations to the Cotton Corporation of India for the procurement undertaken in the 2023-24 cotton season.
The decision was taken by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
As market prices of cotton fell below MSP during the season, the government agency had to undertake MSP operations to the extent of 32.84 lakh bales, benefiting about 7.25 lakh farmers and paying about Rs 11,712 crore directly into their bank accounts, officials said.
The cabinet approved incurring expenditure towards reimbursement of price support extended under Minimum Support Price operations for cotton during Cotton Season 2023-24 (October 1, 2023, to 30 September, 2024), they added.
"In a significant step towards strengthening farmer welfare and advancing the vision of Aatmanirbhar Bharat, the CCEA has approved Minimum Support Price (MSP) funding of Rs ...

cotton, cotton plant, farmers

The decision was taken by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi

Press Trust of India

Communications minister says BSNL will remain a public enterprise, highlights subscriber growth and progress in 4G rollout

Jyotiraditya Scindia

Dealers warn of reduced fuel orders as refiners end credit supply amid losses on petrol and diesel sales with retail prices unchanged

Fuel, Fuel prices, diesel

Two- and three-wheeler vehicles now make up the bulk of avoided road fuel use due to the fast rise of electric motorbikes, especially in developing nations

electric vehicle

Bloomberg

Renault has reintroduced the Duster in India with three powertrains and five trims, as it targets a comeback in the mid-size SUV segment

The announcement marks a significant moment for Indian automotive enthusiasts, many of whom have long awaited the return of the SUV

The government has eased localisation requirements under the Phased Manufacturing Programme of the Rs 10,900 crore PM E-DRIVE Scheme, providing major relief to manufacturers of electric trucks and buses by allowing them to import traction motors with rare-earth magnets till August 31.
In separate notifications dated March 13, the Ministry of Heavy Industries deferred the deadline to stop imports of traction motors used in e-trucks (N2/N3) and e-buses (M2/M3), a decision expected to ease component shortages faced by manufacturers.
The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026.
The requirement under Phased Manufacturing Programme (PMP) of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme stipulates that the "manufacturing of traction motor which at least includes magnet fitment, fitment of rotor ...

Electric Vehicles

The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026

Passenger vehicle sales rose 10.6 per cent year-on-year in February, while two- and three-wheeler segments also recorded their highest-ever February sales, according to SIAM data

car sales, passenger vehicle

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

TNC Rajagopalan answers SME queries related to GST, export and import matters

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

Former RBI deputy governor flags need for larger financial institutions, stronger capital base and consolidation across banking and NBFC sectors to support economic expansion

M Rajeshwar Rao, former deputy governor (DG) at the Reserve Bank of India (RBI)

Strict compensation norms and lack of succession planning are cited as key reasons

Illustration: Binay Sinha

SBI report says India has seen fewer instances of interest rate hikes since the flexible inflation targeting regime began, with the third five-year phase set to start next month

SBI, State Bank Of India

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

The move comes as Union Budget for FY27 pegged the disinvestmenttarget at around ₹80,000 crore

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