India introduces deferred customs duty payment scheme for manufacturer importers; EMI facility to run from April 2026 to March 2028
The Central Board of Indirect Taxes and Customs has introduced a deferred customs duty payment facility for a new category of importers called Eligible Manufacturer Importers, following the announcement made in the Union Budget 2026-27. Under the scheme, approved manufacturer importers will be able to clear imported goods without paying customs duty at the time […]
India begins commercial semiconductor memory shipments as Micron Sanand plant targets hundreds of millions of chips annually
India has entered commercial semiconductor memory assembly with Micron Technology beginning production at its Sanand facility and delivering the first shipment of made-in-India memory modules to Dell Technologies for laptops manufactured within the country. The milestone marks India’s transition from a semiconductor importer to a location where memory chips are commercially assembled and integrated into […]
Mumbai-Ahmedabad bullet train corridor to anchor new MMR urban and economic hubs at Thane and Virar
The Mumbai Metropolitan Region is preparing not just for high-speed rail, but for next-generation station cities, the Mumbai Metropolitan Region Development Authority said on 28 February. Integrated station area development is being planned for the Thane and Virar stations on the Mumbai-Ahmedabad bullet train corridor under the Government of Maharashtra’s Project-SMART initiative. The locations have […]
Chennai Metro Phase-2 Corridor-4: Flamingo TBM achieves breakthrough at Thirumayilai Station
Chennai Metro Rail Limited has achieved a major tunnelling milestone on Corridor-4 of its Phase-2 network, with the tunnel boring machine Flamingo S-1352A completing its breakthrough at the Thirumayilai station shaft on 27 February 2026. The breakthrough marks the completion of the first downline tunnel between Light House and Thirumayilai under the UG-01 contract. The […]
India reviews aviation preparedness as Iran-Israel conflict disrupts airspace across West Asia
Civil Aviation Minister Kinjarapu Ram Mohan Naidu has reviewed India’s aviation preparedness in view of escalating military tensions affecting airspace across West Asia, with airlines and airports directed to implement contingency measures to ensure passenger safety and operational continuity. According to the Ministry of Civil Aviation, the minister on Saturday, 28 February, held a high-level […]
India successfully tests indigenous Very Short-Range Air Defence Missile System ahead of possible armed forces induction
India has successfully conducted three consecutive flight-trials of its indigenous Very Short-Range Air Defence Missile System, marking a significant step towards strengthening close-range air defence capabilities and advancing indigenous missile development. The Defence Research and Development Organisation carried out the trials at the Integrated Test Range in Chandipur, Odisha, where the missile system was tested […]
GAIL to set up 178.2 MW wind project in Maharashtra with ₹1,736 crore investment
State-owned GAIL (India) Limited is planning to set up a 178.2 MW greenfield wind power project in Maharashtra, marking a significant step in the company’s strategy to diversify into clean energy. The project was approved by GAIL’s Board of Directors at its meeting held on 27 February 2026, the company said in a regulatory filing. […]
₹5,800 crore Ahmedabad-Dholera Expressway opened for trial use as authorities assess final operational readiness
The Ahmedabad-Dholera Greenfield Expressway has entered a public trial phase, with motorists now permitted to use the corridor while authorities carry out final operational evaluations ahead of formal commissioning. Developed under the Bharatmala Pariyojana at a cost of ₹5,800 crore, the 109.019 Km expressway links Ahmedabad with the Dholera Special Investment Region and onward to […]
India shifts GDP base year to 2022-23; economic growth in FY2025-26 estimated at 7.6%, Q3 growth at 7.8%
India has revised the base year for Gross Domestic Product calculations from 2011-12 to 2022-23, with the Ministry of Statistics and Programme Implementation releasing a new national accounts series covering annual and quarterly estimates. The revision resets the benchmark for measuring economic output to reflect structural changes, updated datasets, and post-pandemic economic conditions. Base year […]
Micron’s ₹22,500 crore semiconductor ATMP facility in Sanand to be inaugurated on February 28; commercial production to begin
Prime Minister Narendra Modi will inaugurate Micron Semiconductor Technology India’s Assembly, Test and Packaging (ATMP) facility in Sanand, Gujarat, on February 28, marking the start of commercial production and shipment of India-made semiconductor memory modules. The Sanand facility represents a major milestone in India’s semiconductor manufacturing roadmap, enabling domestic assembly and packaging of memory chips […]