News on Indian Economy
The milestone was reached with the completion of electrification on the 71-km Pattukkottai–Karaikkudi section in Tamil Nadu, the final unelectrified broad-gauge stretch under Southern Railway. The newly electrified section underwent statutory inspection on September 9, 2026, after which Southern Railway announced that its complete broad-gauge network had reached 100 per cent electrification.
The latest official data shows that India’s non-fossil capacity had reached 300.50 GW by July 31, 2026, representing more than 54% of total installed generation capacity. This includes solar, wind, hydro, bioenergy and nuclear power. India had crossed the 50% non-fossil threshold in June 2025, more than five years before the deadline associated with its Nationally Determined Contribution under the Paris Agreement.
It applies to individual export consignments with a Free-on-Board value of up to ₹3 lakh wherever an RCMC or Certificate of Registration would otherwise have been required. Consignments above the ₹3-lakh threshold will continue to come under the existing registration framework wherever the requirement applies.
Sber says more than one-third of such payments are being completed within about 60 seconds, while transactions travelling in the opposite direction, from India to Russia, have also been reduced from several days in the past to only a few minutes.
Kerael describes itself as an Indian manufacturer specialising in heavy-payload electric propulsion systems for unmanned aircraft. Its published product information shows that the company is developing motors and associated propulsion hardware specifically for large UAV applications rather than adapting propulsion units originally intended for smaller civilian drones.
The Unit Approval Committee of the Falta Special Economic Zone has approved SiCSem’s proposal to establish the manufacturing unit at IDCO Infovalley-II in Arisol Mouza, Jatni Tahasil of Khordha district. The project will involve an investment of ₹3,406.25 crore, cover 21.889 acres and employ approximately 1,270 people.
Omnia announced on September 14 that Solar SA Investments Proprietary Limited, an indirect wholly owned subsidiary of Solar Industries India, had made a firm offer to acquire all of Omnia’s issued ordinary shares through a scheme of arrangement.
Apollo disclosed the development to the BSE and National Stock Exchange on September 16, 2026, under Regulation 30 of SEBI’s listing regulations. The company said the technology transfer was presented during the DRDO-Industry VIMARSH 2026 programme in New Delhi in the presence of Defence Minister Rajnath Singh.
More than 1.25 crore houses have been sanctioned across PMAY-U and PMAY-U 2.0, according to the Ministry of Housing and Urban Affairs. The programme has also placed women’s ownership at the centre of its housing model, with around one crore sanctioned houses allotted either in the name of the female head of the household or under joint ownership.
Prime Minister Narendra Modi reiterated the one-crore AI-skilling target during a semiconductor industry roundtable with leading executives on September 16, while calling for substantially greater participation by companies in workforce development, research, innovation and emerging technologies.
