News on Indian Economy
According to the Ministry of Finance, cumulative enrolments under Pradhan Mantri Jeevan Jyoti Bima Yojana have crossed 27.43 crore as of April 29, 2026. The scheme has paid ₹21,512.50 crore for 10,75,625 claims, making it one of the largest low-cost life insurance platforms in the country. PMJJBY provides life insurance cover of ₹2 lakh in case of death due to any reason, at an annual premium of ₹436.
This shift is significant because India’s D2C ecosystem is no longer limited to a few urban lifestyle brands. New businesses in fashion, beauty, wellness, electronics accessories, home products, food, personal care and niche consumer categories are trying to reach buyers across the country. For many of them, logistics can decide whether the business scales profitably or collapses under the pressure of high shipping costs, failed deliveries and returns.
According to the Ministry of Micro, Small and Medium Enterprises, PMEGP facilitated the establishment of 4,03,706 micro-enterprises against a target of 4,02,000 units. The scheme also fully utilised its approved budgetary outlay of ₹13,554.42 crore during the five-year period, underlining both strong demand and effective implementation.
The European Union is already one of India’s most important trade partners. Official EU data says India–EU trade in goods stood at €120 billion in 2024, while services trade reached €59.7 billion in 2023, more than doubling from €30.4 billion in 2020. The European Commission has also said the FTA could potentially double EU goods exports to India by 2032 and save around €4 billion every year in duties on European products.
The consultation paper reviews the existing regulatory framework and identifies the major challenges slowing the growth of public Wi-Fi services. TRAI has invited suggestions from stakeholders on measures needed to improve public Wi-Fi availability, especially in rural areas, urban centres and high-footfall locations such as markets, transport hubs, institutions and public spaces.
Addressing a workshop of MPs and MLAs on Small Modular Reactors, Dr Singh said the Kalpakkam-based Prototype Fast Breeder Reactor has been developed by the Indira Gandhi Centre for Atomic Research and built by BHAVINI. The reactor uses uranium-plutonium mixed oxide fuel and is designed to produce more fuel than it consumes, making it central to the second stage of India’s nuclear strategy.
The additional four coaches include three AC Chair Car coaches and one Executive Class coach, which will increase the availability of reserved seats for passengers travelling between Mumbai and Ahmedabad. The move is expected to benefit business travellers, students, daily commuters, tourists and other passengers who rely on the route for fast, comfortable and predictable inter-city movement.
The newly launched complex has been developed as a specialised hub for the production of high-speed rail components, particularly for India’s upcoming indigenous bullet train project. The facility is designed to manufacture advanced “B-28” train coaches, which will form the backbone of the country’s first domestically developed high-speed train.
Revenue from operations rose 5.8% to ₹46,490 crore, compared with ₹43,961 crore in the corresponding quarter of the previous fiscal. The company’s operating performance also improved, with EBITDA increasing 6.2% to ₹12,673 crore, while EBITDA margin stood at 27.3%, slightly higher than 27.1% a year earlier.
The submission marks India’s third Nationally Determined Contribution under the Paris Agreement. NDCs are the national climate action plans that countries submit under the global climate framework, outlining how they intend to reduce emissions, adapt to climate impacts and contribute to the long-term goal of limiting global warming. India’s earlier NDCs were submitted in 2015 and updated in 2022 for the 2030 target cycle.
