News on Indian Economy
Technology began playing a significant role in income-tax administration in 1981, when the Department introduced computerisation and electronic processing of tax challans. This initial step laid the foundation for the large-scale digitisation of taxpayer records, return processing and financial information that followed in subsequent decades.
Of the total allocation, ₹3,000 crore will be used to establish shared infrastructure and basic facilities within the proposed parks. The remaining ₹30 crore has been set aside for administrative and implementation-related expenditure. The scheme, which was initially announced in the Union Budget 2026–27, will be implemented over five years.
The company’s Vikram launchers are named after Dr Vikram Sarabhai, the architect of India’s space programme. Their primary market consists of small satellites used for Earth observation, communications, navigation, scientific research and technology demonstration. Dedicated launches allow a customer to select mission parameters more precisely, while rideshare services distribute launch capacity and cost among several payload operators.
An unmanned surface vehicle travels on the surface of the water without an onboard crew. It may be controlled remotely, follow a predetermined route or perform parts of a mission autonomously using navigation software and onboard sensors.
The investment represents one of India’s largest proposed AI infrastructure projects and is intended to create domestic computing capacity for training, deploying and operating advanced artificial intelligence models. Such infrastructure is increasingly important as governments and businesses seek secure computing systems that keep sensitive data and AI workloads within India.
The underlying benchmark will be the Indian Gas Exchange’s GIXI price at the Gujarat delivery hub of Dahej. The benchmark reflects prices discovered through physical natural gas transactions conducted on IGX and will exclude transportation expenses, taxes, fees and other associated charges.
The automated system uses AI-enabled cameras to inspect linen after washing and identify visible stains that may have escaped conventional quality checks. The technology is being tested at Pune Division under Central Railway and the Jaipur and Jodhpur divisions of North Western Railway. The results of the pilot could guide its wider deployment across the railway network.
Cotton production stood at 311.17 lakh bales in 2021–22 before recovering to 336.60 lakh bales in 2022–23. It subsequently declined to 325.22 lakh bales in 2023–24 and 297.24 lakh bales in 2024–25. The figures indicate that changes in cultivated acreage have played a larger role in production fluctuations than changes in yield per hectare.
Seven States and Union Territories—Assam, Himachal Pradesh, Kerala, Odisha, Puducherry, Uttar Pradesh and Uttarakhand—have adopted the WINDS initiative. A total of 16,843 locations have been approved for the installation of weather-monitoring equipment. Civil work has been completed at 1,188 sites, while 892 Automatic Weather Stations and Automatic Rain Gauges have been installed.
EyeROV operates through IROV Technologies Private Limited from the Kerala Technology Innovation Zone at Kalamassery in Kochi. Founded by Johns T. Mathai and Kannappa Palaniappan, the company has developed a full-stack marine robotics platform combining underwater vehicles, surface craft, sensors, navigation systems, inspection software and data analytics.
