News on Indian Economy
Chennai-based Mindgrove Technologies is working to change this imbalance. The IIT Madras-incubated fabless semiconductor company designs indigenous system-on-chips for embedded equipment, connected devices, industrial automation and edge-computing applications.
India’s unmanned-aircraft industry has moved rapidly from imported hobby platforms and experimental prototypes to indigenous
The platform processed 23.66 billion transactions during the month, with the total value reaching ₹29.88 lakh crore. Compared with June, transaction volume increased by 4.1 per cent from 22.72 billion, while transaction value rose by 3.3 per cent from ₹28.92 lakh crore.
The estimate was presented in SBI Research’s report released ahead of the Reserve Bank of India’s Monetary Policy Committee meeting scheduled for August 3–5, 2026. SBI said that the Q1 growth figure could surpass the Reserve Bank’s latest projection of 6.6 per cent.
The Diving Support Craft programme was initiated through a contract signed between the Ministry of Defence and Titagarh Rail Systems Limited—then known as Titagarh Wagons Limited—on February 12, 2021. The project covers five vessels numbered DSC A20 to DSC A24 and was sanctioned at an overall cost of ₹174.77 crore.
Commercial movement through these routes had remained suspended since 2020 following the COVID-19 pandemic and the subsequent deterioration in bilateral relations along the India–China border. The reopening marks a cautious revival of local economic exchanges between Indian frontier communities and markets in the Tibet Autonomous Region.
Coal dispatch posted an even stronger performance, rising 17.34% year-on-year to 86.33 MT (provisional), compared with 73.57 MT during the corresponding month last year. The Ministry of Coal attributed the growth to its continued focus on ensuring a stable coal supply and improving operational efficiency across the sector.
The initiative was announced by Prime Minister Narendra Modi during his Independence Day address in August 2025. The government subsequently began advancing offshore exploration programmes in areas including the Andaman Sea and the eastern continental margin.
The 16-coach prototype, designed and manufactured by the Integral Coach Factory in Chennai, began its formal trials on July 29, 2026, in the Kota Division of West Central Railway. The Research Designs and Standards Organisation is conducting the extensive evaluation programme along the Kota–Nagda–Sawai Madhopur corridor.
Its most distinctive project is JAL, a microwave-plasma thruster that uses water as its propellant. Instead of carrying highly toxic chemicals or relying entirely on expensive noble gases, the system is designed to convert water into an electrically energised plasma and expel it at high velocity to manoeuvre a spacecraft.
