Economy

News on Indian Economy

Cabinet Extends PMGSY-III Till 2028, Raises Outlay to Rs 83,977 Crore

As part of the decision, the government extended the deadline for completion of roads and bridges in plain areas, along with roads in hilly areas, till March 2028. For bridges in hilly regions, the completion timeline has been stretched further till March 2029. The Cabinet also cleared the way for works sanctioned before March 31, 2025 but still unawarded to be taken up for tendering and execution.

MoSPI Launches Integrated Dashboard to Sharpen Infrastructure Performance Monitoring

MoSPI said the system now evaluates infrastructure through multiple lenses including access, quality, utilisation, affordability, and fiscal cost and revenue use. While the ministry has long monitored 11 key sectors through 28 sub-indicators, the new dashboard currently carries 116 indicators across six visible sub-sectors: civil aviation, roads, power, ports-shipping-waterways, telecommunications, and railways.

Kankaria Depot Sets a New Green Benchmark as India’s First Water-Neutral Railway Coaching Facility

The depot’s system is built around phytoremediation, an eco-friendly process in which plants and associated biological activity help remove or reduce contaminants from water. At Kankaria, this natural treatment is combined with a multi-stage purification chain that includes wetland-based cleansing, followed by carbon filtration, sand filtration, and ultraviolet disinfection before the water is reused for operational purposes.

VinFast Deepens India EV Push

The launch is also significant because it builds on VinFast’s local manufacturing base in Tamil Nadu. The company inaugurated its EV assembly plant at SIPCOT Industrial Park, Thoothukudi, in August 2025, describing it as its first facility outside Vietnam.