News on Indian Economy
L&T Precision Engineering and Systems has expanded its existing relationship with SCHOTTEL to cover Controllable Pitch Propeller shafting systems intended for commercial ships. The move broadens the companies’ cooperation into an important segment of marine propulsion equipment.
According to an official announcement issued by the Prime Minister’s Office on 24 October, Prime Minister Narendra Modi will inaugurate the RBI’s Data Centre and Cybersecurity Training Institute in Bhubaneswar at approximately 4:45 PM on 25 October 2026. He will also address a gathering during the programme.
A Farmer ID is a unique digital identity created for an individual farmer under the AgriStack framework. The system aims to establish a verified digital record that can be used across participating agricultural services, reducing the need for repeated identification and verification.
Addressing participants at the event, Defence Secretary Rajesh Kumar Singh discussed the transformation of India’s defence industrial ecosystem over the past decade. He observed that the country’s manufacturing capabilities had expanded beyond the traditional network of government-owned defence enterprises to include a substantial number of private companies, medium-sized manufacturers and technology startups.
The inauguration ceremony took place on October 24, 2026, at Larsen & Toubro’s A. M. Naik Heavy Engineering Complex in Hazira, Gujarat. The facility serves as an important industrial centre for the development, assembly and testing activities associated with the indigenous AIP programme.
Chak-Hao received Geographical Indication registration on April 20, 2020, formally recognising its geographical association with Manipur and Nagaland. The recognition has strengthened the identity of this indigenous grain and created opportunities for farmers to participate in the growing market for speciality rice.
The latest order follows an earlier supply of weapons to the Indian Army’s Northern Command in September 2024. Lokesh Machines highlighted this previous delivery while announcing its latest contract, describing the Eastern Command order as another achievement for its defence manufacturing division.
Dr Joshi confirmed that the company has adopted a phased approach to increasing the missile’s range. The original BrahMos missile was developed with a strike range of approximately 290 kilometres, but subsequent improvements have enabled longer-range operations.
The discovery was made in the KG-DSF/GSKW/2018 offshore block, which was awarded to Oil India under the government’s Discovered Small Field (DSF) bidding process. Oil India operates the block independently and is responsible for conducting exploration, appraisal and subsequent development activities.
Solar Defence and Aerospace Limited confirmed that Nagastra-2 completed its technical trials at the Mahajan Field Firing Range in August 2026. The Rajasthan facility provides an environment for evaluating military equipment under field conditions, including systems developed for land warfare applications.
