June 25, 2026

Economy

News on Indian Economy

Diplomacy Economy

Trinidad and Tobago Becomes First Caribbean Nation to Adopt India’s UPI Platform

The adoption of UPI is significant because it brings India’s globally recognised digital payment infrastructure to the Caribbean. UPI has transformed everyday transactions in India by enabling fast, seamless and low-cost payments, and its international expansion is increasingly becoming a part of India’s technology partnership with friendly nations. For Trinidad and Tobago, the rollout could support easier digital payments, strengthen financial connectivity and open new opportunities for fintech cooperation with India.

By Kautilya / May 13, 2026
Economy Infrastructure

AERB Clears Restart of Tarapur Unit-2 After Major Refurbishment and Safety Upgrade

Tarapur Unit-2 is part of the historic TAPS Units 1 and 2, India’s first nuclear power reactors based on the Boiling Water Reactor design. Both units began commercial operation in 1969, making them among the oldest operating commercial nuclear power units in Asia. The restart clearance is therefore significant not only as a technical achievement, but also as a demonstration of India’s ability to extend the life of legacy nuclear assets through modern safety upgrades and strict regulatory review.

By Kautilya / May 13, 2026
Economy

India’s Mineral Sector Crosses Major Milestone With 101 Auctioned Blocks Becoming Operational

The milestone also points to the impact of mining-sector reforms introduced over the past decade. Since 2015, India has shifted towards a more transparent and competitive auction-based system for allocating mineral resources. The Ministry said that FY 2025–26 recorded the highest-ever annual performance under the auction regime, with 212 mineral blocks auctioned in a single financial year, showing growing momentum in the country’s mineral allocation framework.

By Kautilya / May 13, 2026
Economy Infrastructure

India Pushes Nationwide EV Charging Rollout Under PM E-DRIVE Scheme at Bengaluru Conference

The PM E-DRIVE Scheme, formally known as the PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme, has a total outlay of ₹10,900 crore and is aimed at accelerating EV adoption, creating charging infrastructure and strengthening India’s electric vehicle manufacturing ecosystem. The scheme covers demand incentives and infrastructure support for electric two-wheelers, three-wheelers, buses, trucks, ambulances and other emerging EV segments.

By Kautilya / May 13, 2026
Economy

National Jute Board Expands ISRO-Backed Crop Monitoring System to Make India’s ‘Golden Fibre’ More Data-Driven

Two key digital tools have been developed under the initiative. The first is BHUVAN JUMP, a mobile application used for on-field jute monitoring. The second is PATSAN, or Prospective Assessment of Jute Using Mobile App-Based Field Observations, a web-based platform that provides near-real-time jute surveillance and analytics for officials and stakeholders. These tools help connect satellite observations with ground-level data, making crop estimates more reliable and actionable.

By Kautilya / May 13, 2026
Economy

RBI and European Central Bank Sign MoU to Strengthen Central Banking Cooperation

The new MoU updates the earlier agreement signed between the two central banks in 2015. According to the ECB, the renewed arrangement creates a framework for regular exchange of information, policy dialogue and technical cooperation between the two institutions. Technical cooperation may include joint seminars and workshops in areas of mutual interest, helping both central banks share experience on evolving monetary, regulatory and financial-sector challenges.

By Kautilya / May 13, 2026
Economy Infrastructure

India’s Semiconductor Push Gains Speed as Two More Chip Packaging Units Set to Go Live by December

The significance of chip-packaging units lies in their role at the final but crucial stage of semiconductor manufacturing. After chips are fabricated, they must be assembled, tested, marked and packaged before they can be used in products such as smartphones, automobiles, telecom equipment, consumer electronics, defence systems and industrial devices. By building this capability at home, India can reduce supply-chain vulnerability and gradually move up the semiconductor value chain.

By Kautilya / May 12, 2026
Economy

Women’s Participation in India’s Maritime Sector Rises 340% Since 2020, Says Sarbananda Sonowal

Speaking at the 10th Indian Ocean Dialogue in New Delhi, Sonowal said initiatives such as “Sagar Mein Samman” are helping create greater dignity, inclusion and leadership opportunities for women across maritime professions. The minister said this transformation is not just about workforce numbers, but about shaping a more resilient and inclusive maritime future for India and the wider Indian Ocean Region.

By Kautilya / May 12, 2026