Economy

Tarapur Unit-2 is part of the historic TAPS Units 1 and 2, India’s first nuclear power reactors based on the Boiling Water Reactor design. Both units began commercial operation in 1969, making them among the oldest operating commercial nuclear power units in Asia. The restart clearance is therefore significant not only as a technical achievement, but also as a demonstration of India’s ability to extend the life of legacy nuclear assets through modern safety upgrades and strict regulatory review.

The PM E-DRIVE Scheme, formally known as the PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme, has a total outlay of ₹10,900 crore and is aimed at accelerating EV adoption, creating charging infrastructure and strengthening India’s electric vehicle manufacturing ecosystem. The scheme covers demand incentives and infrastructure support for electric two-wheelers, three-wheelers, buses, trucks, ambulances and other emerging EV segments.

The new Noida R&D centre will support MediaTek’s efforts to expand its engineering talent base and strengthen its research capabilities in India. The company said the facility will work along with its existing Bengaluru operations to accelerate innovation in semiconductor technologies and advanced chip design solutions.

The strongest signal came from exports, which rose sharply by 31.5 percent year-on-year to 16,885 units. This export surge reflects the growing acceptance of Indian construction and earthmoving equipment in overseas markets and points to India’s improving competitiveness in heavy engineering manufacturing.

The significance of chip-packaging units lies in their role at the final but crucial stage of semiconductor manufacturing. After chips are fabricated, they must be assembled, tested, marked and packaged before they can be used in products such as smartphones, automobiles, telecom equipment, consumer electronics, defence systems and industrial devices. By building this capability at home, India can reduce supply-chain vulnerability and gradually move up the semiconductor value chain.