News on Indian Economy
Vande Bharatam has been designed as a national platform for Indians with ideas, innovations, prototypes, early-stage ventures or established enterprises. The programme will reach all 36 States and Union Territories, more than 800 districts, and multiple Indian languages, making it one of the broadest entrepreneurial discovery initiatives in the country.
New quality standards to benefit over 80 crore people; phased implementation to begin from Kharif Marketing Season 2027–28
The market is expected to grow sharply from just under 2 lakh units sold in 2025. During the first half of 2026, electric passenger vehicle registrations have already approached 1.5 lakh units, while average monthly registrations have risen to approximately 27,000 vehicles over the past four months.
International Resources Holding, the Abu Dhabi-based natural resources investment platform and part of the IHC Group through 2PointZero, will partner with Adani Enterprises Limited, the flagship company of the Adani Group, for the project. The initiative is expected to create a full aluminium value chain in Odisha, covering key stages from raw material processing to value-added aluminium production.
The total value of UPI transactions also increased sharply, growing 20 percent year-on-year to more than ₹28 lakh crore. On an average day in June, UPI processed nearly 757 million transactions, reflecting the massive scale, reliability and public trust built around India’s digital payments ecosystem.
At its core, GAGAN strengthens ordinary GPS signals by correcting errors in real time. GPS is widely used by aircraft to determine position, but its signals can be affected by atmospheric disturbances, timing errors and other technical variations. In aviation, even a small positioning error can become significant. GAGAN addresses this challenge by giving pilots and aircraft systems more accurate navigation data, along with integrity alerts that indicate whether a signal is safe to use for navigation.
The development was discussed during a meeting between Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal and European Commissioner for Environment, Water Resilience and a Competitive Circular Economy Jessika Roswall. Both sides reviewed the ongoing audit, inspection and approval process for Indian ship recycling facilities seeking inclusion under the EU regulatory system.
The procedure was developed by the Airports Authority of India (AAI) and approved by the Directorate General of Civil Aviation (DGCA) in accordance with DGCA regulations and the International Civil Aviation Organization (ICAO) Standards and Recommended Practices.
The conservation initiative, launched in 2022, is being implemented by the ICAR–National Bureau of Plant Genetic Resources (ICAR-NBPGR), New Delhi, in collaboration with the Assam State Biodiversity Board. The project focuses on protecting and managing wild rice populations in their natural habitat while documenting and characterizing valuable germplasm for future agricultural research.
As part of the expansion, the company will enhance its Tata Global Network (TGN) by integrating the MIST Cable System between Mumbai and Singapore. The project will add 20 Tbps of network capacity through an investment of ₹594.47 crore (US$63 million).
