News on Indian Economy
The aggregate business of PSBs rose to ₹283.3 lakh crore as of March 31, 2026, registering 12.8 per cent year-on-year growth. This indicates a broad expansion across the banking system, with both deposits and lending showing strong momentum during the financial year.
APT 2.0 is aimed at changing how postal branches function on the ground. Instead of depending only on manual reporting and delayed administrative feedback, branch offices can now use digital insights to study local demand, track service performance and respond more quickly to customer needs. This gives India Post a more data-driven operating model, especially in rural and semi-urban areas where postal services remain a critical public interface.
The initiative is particularly important because Mizoram is known for its GI-certified ginger cultivars, which have strong potential in pharma-grade and premium global markets. According to the PIB release, Mizo ginger contains 6 to 8 percent oleoresin, compared with the global average of around 3 percent. Despite this quality advantage, farmers currently receive only around ₹8 to ₹15 per kilogram, while the value chain can reach more than ₹500 per kilogram in international markets.
The agreement was signed in December 2025 and is designed to deepen economic cooperation between the two countries through market access, tariff reduction, services trade, investment, professional mobility and regulatory collaboration. Official details released after the signing described the CEPA as a major milestone in India’s strategic engagement with the Gulf region.
The list of participating Indian pharma companies includes some of the country’s biggest names: Aurobindo Pharma, Biocon Group, Cipla, Dr. Reddy’s Laboratories, Glenmark Pharmaceuticals, Granules India, Jubilant Group, Lupin, Sun Pharmaceutical Industries, Piramal Pharma and Zydus Lifesciences. Their proposed investments are expected to support new manufacturing facilities, expansion of existing networks, research and development centres and broader supply-chain capacity in the United States.
The government is working with industry to identify around 100 products that are either not manufactured in India or are produced in inadequate quantities. The focus is not merely on replacing imports, but on building production capacity in areas where India already has industrial capability but faces technology, scale or supply-chain gaps. According to Bhatia, several “unique and interesting” products have already been identified, including auto-sector items such as axles and motorcycle components.
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a major new scheme
News On Air reported that India’s non-fossil fuel capacity has crossed 50 percent of total installed capacity, reaching 262.7 gigawatts. It also noted that solar and wind energy account for the bulk of recent additions. Official MNRE figures released earlier said India had installed 283.46 GW of non-fossil fuel capacity as of March 31, 2026, including 274.68 GW from renewable energy and 8.78 GW from nuclear power.
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.
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.
