Economy

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.

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.

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.

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.

India and the European Union have launched a major €15.2 million joint initiative aimed at

According to the Department of Fertilizers, the present stock level is significantly higher than the usual buffer of around 33 percent, indicating improved advance planning, stocking and logistics management. The government has also assured farmers that there is no change in the Maximum Retail Price of major fertilizers, providing relief at a time when input costs and seasonal farm preparations remain crucial for the agricultural economy.