The Union Ministry of Finance proposed amendments to the Payment and Settlement Systems Act, 2007, on 3 August 2026 to reintroduce Merchant Discount Rate on select digital payment...
India’s installed power generation capacity is projected to reach 874 GW by 2031-32. As of 30 June 2026, the total installed capacity stood at 548,858 MW, or about...
L&T Energy Hydrocarbon Offshore secured an ultra-mega offshore contract from ADNOC Offshore on 4 August 2026. The contract value is over ₹15,000 crore and covers engineering, procurement, construction,...
India achieved near-universal banking coverage of inhabited villages by 3 August 2026, with 99.92% of inhabited villages served by a banking outlet within a 5-km radius. The coverage...
OPEC+ approved a production increase of 188,000 barrels per day for September 2026 during a virtual meeting on 2 August 2026. The decision involved seven core members: Saudi...
The Insurance Regulatory and Development Authority of India (IRDAI) has amended the rules on transfer of shares and ownership changes in insurers under the IRDAI (Registration, Capital Structure,...
India approved one Chinese Foreign Direct Investment proposal worth ₹1 crore during financial year 2025-26, while 13 proposals from Hong Kong were cleared for ₹610.42 crore in the...
The Union government released an additional ₹1,09,019 crore to state governments as tax devolution on 1 August 2026. The transfer was made before the regular monthly tax devolution...
Indian Railways approved a ₹976 crore multitracking project for the 29 km Danapur–Fatuha section of the East Central Railway in Bihar on 1 August 2026. The project covers...
The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the first-ever air shipment of Neelam and Totapuri mangoes from Karnataka to the Maldives on 30 July...
India launched its first sovereign-backed Protection and Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP) on 30 July 2026. The product was issued by The...
India exported 7 metric tonnes of value-added flavoured Makhana from Darbhanga in Bihar to Canada on 29 July 2026. The shipment moved through Mundra Port in two containers...
