Economy

News on Indian Economy

Cabinet Approves Bharat Maritime Insurance Pool with Rs 12,980 Crore Sovereign Guarantee

According to the official release, India’s maritime sector handles more than 70% of the country’s trade by volume and nearly 95% by value, making reliable insurance access strategically important. The new pool is intended to stabilise trade flows, ease cost pressures on exporters and logistics operators, and provide cover for ships carrying cargo between India and international ports in both directions.

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.