Page 5 - Industry News

Cabinet clears ₹12,980 cr maritime insurance pool with 'war risk' cover

Announcing the decision, Ashwini Vaishnaw said the Cabinet has approved the setting up of a domestic insurance pool to support India's maritime sector

Govt extends PMGSY-III with ₹83,977 crore outlay, approves rail projects

The Cabinet has extended PMGSY-III till March 2028 with ₹83,977 crore outlay and approved key railway expansion projects to enhance connectivity, capacity and support economic activity

Centre okays UP potato procurement at ₹6,500/ton; raises gram limit in AP

The Centre has approved the procurement of 20 lakh tonnes of potatoes in Uttar Pradesh at a market intervention price of Rs 6,500.90 per tonne, which will cost the exchequer Rs 203.15 crore, as part of a broader push to protect farmers from distress sales across multiple states. In a separate decision, the Union Agriculture Ministry raised the procurement limit for gram in Andhra Pradesh to 1.13 lakh tonnes, up from the existing cap of 94,500 tonnes. In Karnataka, the procurement window for tur has been extended to May 15 under the Price Support Scheme (PSS), giving farmers additional time to sell their produce at the MSP. Agriculture Minister Shivraj Singh Chouhan approved the proposals following a virtual meeting with state agriculture ministers and senior officials, an official statement said. The Karnataka extension is expected to allow a larger number of tur farmers to access remunerative prices and avoid being forced into distress sales, the ministry said. The decisions were

Labour market friction: India needs more jobs with better work conditions

Workers allege irregular wage payments and exploitative practices

CCI closes Adani case, says company has no 'dominance' in power market

A key finding of the Commission was that the Adani Group does not hold a "dominant" position in the relevant market

Odisha, NCCR sign pact on marine planning under Indo-Norway initiative

Odisha partners NCCR to roll out marine spatial planning under Indo-Norway initiative, aiming to balance coastal economy growth with environmental protection

Govt to launch 15th round of commercial coal mine auctions on April 17

The government will launch the 15th round of commercial coal mine auctions in Mumbai, aiming to boost domestic supply, attract investment, and strengthen energy security

Why India's AI ambitions demand a reset in virtualisation strategy

AI adoption accelerates across sectors, India must rethink virtualisation models to ensure cost efficiency, flexibility, and secure infrastructure capable of supporting scalable and inclusive growth

India's domestic urea production likely to jump over 11% in April

IPL tender receives urea import offers totalling 5.6 million tonnes

Govt plans mobile PLI 2.0 with $5 billion outlay to boost exports

The government is likely to roll out production-linked incentives to boost mobile phone exports from the country by May with an outlay of over USD 5 billion, about Rs 46,000 crore, sources aware of the development said. The Scheme for Large Scale Electronics Manufacturing (LSEM) was launched in 2020 with the aim to boost domestic manufacturing of mobile phones in the country with an outlay of Rs 40,995 crore, or about USD 5.7 billion based on exchange rate at that time. LSEM was commonly known as production-linked incentive scheme (PLI) for mobile phones. "The PLI 2.0 for mobile phones is in the works with a focus on boosting exports. It should be in place by May. The outlay is expected to be over USD 5 billion," a source on condition of anonymity told PTI. Another source said the Ministry of Electronics and IT is in discussion with the finance minister for the PLI after which it will be placed before cabinet for final approval. "Target is to double export of mobile phones from In

Commercial vehicle growth seen moderating to 6-7% in FY27 amid headwinds

After nearly 12% growth in FY26, CV industry to grow around 6-7% in FY27 amid headwinds from oil price volatility, monsoon-linked rural demand and macroeconomic pressures

Centre likely to remove mandatory registration for non-money egames

Government is likely to relax gaming rules by removing mandatory registration for non-monetised games and easing compliance requirements ahead of new framework

Workers' salaries in UP, Haryana still below the national wage line

The average wage per worker per day has seen consistent annual increases across states as well as at the national level. However, Haryana and Uttar Pradesh remain below the national average

Govt rejects industry demand for gratuity relief under labour codes

Labour ministry has declined industry demand for grandfathering in gratuity rules, citing lack of provision in the original labour codes passed by Parliament

Telcos, ISPs want property managers to bear connectivity infra costs

Telecom firms and ISPs have urged Trai to place responsibility for digital connectivity costs and building ratings on property managers, not service providers

Govt explores ECLGS-like credit scheme for MSMEs amid West Asia crisis

The Ministry of Small and Medium Enterprises is in touch with the Department of Financial Services to explore an ECLGS-like credit guarantee scheme to support MSMEs amid the West Asia crisis, a senior official stated on Wednesday. Responding to a media query on whether a credit guarantee scheme was in the works for MSMEs, Additional Secretary in the Ministry of Micro Small and Medium Enterprises (MSMEs) Rajneesh said, "We are in constant touch with the Department of Financial Services regarding ECLGS kind of a mechanism. So, at an appropriate stage I will be in a position to share further details on this". The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part of Aatmanirbhar Bharat Abhiyan to support eligible MSMEs and enterprises in meeting their operational liabilities and restarting their businesses in the context of the disruption caused by the COVID-19 pandemic. The scheme covers all the sectors. Field officers of the MSME Ministry are in constant

India's unemployment rate rises to 5.1% in March, led by urban centres

The unemployment rate (UR) for individuals aged 15 and older rose slightly to 5.1 per cent in March from 4.9 per cent in February this year, mainly due to high joblessness in urban areas, according to government data released on Wednesday. The Periodic Labour Force Survey (PLFS), conducted by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI), is the primary source of data on activity participation, employment and unemployment conditions of the population. The PLFS survey methodology has been modified from January 2025 to provide monthly and quarterly estimates of labour force indicators for the country. The Monthly Bulletins for April 2025 to February 2026 have already been released. The present Monthly Bulletin for March 2026 is the twelfth in the series. A statement on the PLFS stated that the UR among persons aged 15 years and above rose slightly to 5.1 per cent in March 2026 from 4.9 per cent in February 2026, mainly driv

CoRover claims 1.8 billion users globally as it expands agentic AI platform

Indian startup bets on agentic AI for governments and enterprises as adoption scales across sectors, driven by multilingual capabilities, high-volume interactions, and sovereign AI infrastructure

Shipping bottlenecks squeeze pharma flows as Hormuz crisis impact deepens

India's pharmaceutical industry remains dependent on China for bulk drugs, particularly fermentation-based antibiotics, vitamins and intermediates

Govt panel proposes aid to help power sector shift to green switchgear

A government panel has proposed financial incentives to promote green switchgear adoption, citing high costs and evolving technology, and to reduce dependence on imports