News on Indian Economy
Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N. Chandrababu Naidu laid the foundation stone for the AMCA Core Integration & Flight Testing Centre at Puttaparthi in Sri Sathya Sai district on May 15, 2026.
Union Environment, Forest and Climate Change Minister Bhupender Yadav held talks with Japan’s State Minister for Environment Tsuji Kiyoto in New Delhi on August 21, 2026. According to News on AIR, the discussions focused on strengthening critical-mineral supply chains through resource circulation, expanding e-waste recycling and advancing India-Japan cooperation for a more sustainable industrial future.
The Visakhapatnam-based Naval Science & Technological Laboratory (NSTL) has signed agreements covering a Submarine Fired Decoy (SFD) with defence public sector company Bharat Dynamics Limited and technology linked to the fabrication, installation and commissioning of LM2500 gas-turbine systems with Hyderabad-based Vertex Engineering Systems Pvt. Ltd. DRDO confirmed the agreements through an official announcement.
The agreement was signed in Pune on August 21 by Union Minister for Communications Jyotiraditya M. Scindia and Brazil’s Minister of Communications Frederico de Siqueira Filho on the sidelines of the BRICS ICT Track meeting.
India’s strongest opportunity in artificial intelligence may not lie in competing immediately at every layer of the global AI stack, but in building applications, digital infrastructure and energy-efficient data centres at scale. Union Minister for Electronics and Information Technology and Information and Broadcasting Ashwini Vaishnaw has said India’s established software ecosystem, growing AI startup base, renewable energy capacity and expanding semiconductor capabilities together give the country a strong position in the next phase of the technology economy.
Indian Railways will manufacture 238 new air-conditioned Electric Multiple Unit rakes for the Mumbai suburban railway network, with production distributed among three major railway manufacturing units. Deliveries are scheduled to begin in 2027 and the entire programme is expected to be completed by 2030.
According to the ARDE trial-support specification, activities associated with the PGB-500 campaign are expected to involve Air Force Station Jodhpur and 3 AFRU at Chandan near Jaisalmer in Rajasthan.
The RFI seeks six aircraft, according to the document details reported from the requirement. More importantly, the specifications call for a mission suite capable of maintaining full 360-degree surveillance, giving India another layer of airborne radar coverage beyond its existing fleet.
FPV drones allow an operator to fly towards a target using a live video feed from the aircraft. When fitted with an explosive warhead, a relatively inexpensive drone can become a precision attack system capable of engaging vehicles, fortified positions and other battlefield targets.
The Ministry of Defence’s Annual Report 2024-25 officially documented that the IAF had already manufactured 233 items through 3D printing, including brackets, valve casings, manifolds and panels.
