SAIL Taps Railway PSU RITES For Diesel Locomotive Leasing And Fleet Maintenance
Rail India Technical and Economic Service (RITES) will lease and maintain diesel locomotives for Steel Authority of India Limited (SAIL) under a newly signed Memorandum of Understanding aimed at strengthening logistics and operational efficiency across SAIL’s plants and mines. The MoU was signed by P K Baisakhiya, Executive Director (Operations), SAIL, and Sandeep Jain, Executive […]
India’s dedicated infrastructure financing body clears ₹3.03 lakh crore, deploys ₹1.09 lakh crore across key sectors
India’s development finance institution, the National Bank for Financing Infrastructure and Development (NaBFID), has accorded cumulative sanctions of approximately ₹3.03 lakh crore as of 31 December 2025, marking a significant expansion in long-term infrastructure financing capacity. NaBFID is a specialised infrastructure Development Financial Institution established in 2021 by the Prime Minister Narendra Modi-led government to […]
National highways to go digital-secure as NHAI arm IHMCL signs strategic MoU with NFSU
The Indian Highways Management Company Limited (IHMCL), promoted by the National Highways Authority of India (NHAI), has signed a Memorandum of Understanding (MoU) with the National Forensic Sciences University (NFSU) to enhance digital security and data protection across national highway systems. The agreement focuses on collaboration in research, training, and consultancy, particularly in cyber forensics, […]
India installs 3.90 crore smart meters under RDSS, total crosses 5.28 crore across schemes
Smart meter installations under the Revamped Distribution Sector Scheme (RDSS) reached 3.90 crore as of 31 December 2025, the government informed the Rajya Sabha. Further, the total number of smart meter installations, including those done by the states, have reached 5.28 crore. The update was provided in a written reply by Minister of State for […]
India’s banking sector stress eases as GNPA shrinks from 14.58 per cent to 2.3 per cent; govt credits IBC, SARFAESI changes, and recovery push
India’s gross non-performing assets (GNPA) ratio has declined sharply from a peak of 14.58 per cent in March 2018 to 2.30 per cent as of September 2025, signalling a significant strengthening of the country’s banking sector balance sheets, the government informed Parliament. The data was provided in a written reply by Minister of State for […]
India’s retail investor count more than doubles to 12.5 crore in 5 years, youth drive market expansion
The retail participation in the Indian securities market is undergoing a rapid expansion with the Finance Minister Nirmala Sitharaman informing the Parliament that the number of unique individual investors in India has risen sharply from 5.1 crore in FY 2021 to 12.5 crore in FY 2025. In a written reply to a question in the […]
₹5,000 crore per City Economic Region proposed to expand infrastructure in Tier II and III cities
The Budget proposes mapping City Economic Regions based on specific growth drivers to amplify the economic potential of urban agglomerations. An allocation of ₹5,000 crore per region over five years has been proposed to implement development plans through a challenge mode supported by reform-cum-results-based financing. The focus will extend to Tier II and Tier III […]
Shipbuilding clusters and ₹25,000 crore maritime development fund to strengthen shipping ecosystem
Large ships have been included in the Harmonized Master List of infrastructure sub-sectors, enabling access to long-term loans at competitive rates and promoting investment in ship ownership under the Indian flag. Shipbuilding clusters will be facilitated with additional infrastructure, skilling and technology to expand capacity across categories of vessels. A Maritime Development Fund with a […]
₹20,000 crore CCUS outlay announced; duty exemptions extended for nuclear and battery supply chains
The Budget proposes an outlay of ₹20,000 crore over the next five years for Carbon Capture Utilization and Storage (CCUS) technologies to achieve higher readiness levels across sectors including power, steel, cement, refineries and chemicals. To support energy storage, basic customs duty exemptions will continue for capital goods used in manufacturing lithium-ion cells for battery […]
Rare earth corridors, ₹10,000 crore container scheme and 3 chemical parks proposed to deepen manufacturing
The Budget outlines multiple schemes aimed at strengthening domestic manufacturing capacity across strategic sectors. Dedicated Rare Earth Corridors will be established in Odisha, Kerala, Andhra Pradesh and Tamil Nadu to promote mining, processing, research and manufacturing. To reduce import dependency in chemicals, the government will support states in setting up three dedicated chemical parks on […]