News on Indian Economy
According to information released by the National High Speed Rail Corporation Limited (NHSRCL) and reported on 30 October 2026, construction of the Bilimora Traction Substation has reached an advanced stage, with major electrical equipment installed and testing and commissioning activities progressing.
Goods and Services Tax collections were among the major indicators supporting the Ministry’s assessment of economic activity during the second quarter. Gross GST collections increased by approximately 15 percent year-on-year during July–September 2026, compared with growth of around 8.4 percent in the preceding quarter.
A 250 MW / 500 MWh battery storage system can theoretically provide electricity at its full rated output of 250 MW for approximately two hours.
According to the Ministry of Commerce and Industry, DigiDukaan had connected more than 21,000 retailers with over 450 brands across Hyderabad, Jaipur and Mumbai as of September 2026. This represented an increase from more than 12,000 participating retailers in the preceding quarter.
According to the Ministry of Agriculture and Farmers Welfare, cumulative financial assistance provided under PM-KISAN has now exceeded ₹4.64 lakh crore through 24 instalments since the scheme’s introduction in 2019.
The wheeled Vikram VT-21 has successfully demonstrated its ability to meet mobility requirements, cross trenches and undertake amphibious operations during development testing.
The delegations discussed measures to strengthen trade and investment relations, facilitate business engagement and address market-related concerns affecting commercial exchanges. Particular attention was given to sectors offering opportunities for technology partnerships, industrial development and international investment.
According to the Ministry of Labour and Employment, the boards have been established under the statutory framework provided by the Code on Social Security, 2020. The Code consolidates several existing social security laws and introduces provisions intended to extend social protection to workers in organised and unorganised employment, including gig and platform workers.
The MoU was signed by Rear Admiral Chandrasekharan Raghuram, VSM (Retd.), Chairman and Managing Director of Hindustan Shipyard Limited, and K. V. Rao, Chairman and Managing Director of Kakinada Seaports Limited.
The Next-Generation Corvette programme is intended to provide the Indian Navy with a new class of high-speed, versatile surface combatants capable of undertaking a broad range of maritime security and combat operations.
