Economy

India produces nearly 7.8 million metric tonnes of post-consumer textile waste every year, spanning everything from sarees and uniforms to denim and household linen. Against that backdrop, the Navi Mumbai Municipal Corporation has set up what PIB describes as India’s first municipal Textile Recovery Facility in Belapur, positioning textile waste as a recoverable resource rather than an overlooked urban burden.

The latest figures also show that women-led MSEs received contracts worth more than ₹28,000 crore in FY 2025–26, marking 27.6% growth over the previous year. Their share reached 5.6% of GeM’s total order value, comfortably above the mandated 3% public procurement target for women-owned and women-led enterprises.

An e-way bill is the electronic permit required under GST before transporting consignments valued at more than ₹50,000. Under CBIC rules, the registered supplier, recipient, or transporter must generate it on the common portal before movement begins, after which a unique e-way bill number is issued and can be checked in transit.

The proposed approach goes beyond simple extraction. It includes expanding exploration for lithium resources within India, securing overseas supply arrangements, and building up refining capacity through both public- and private-sector participation. In effect, the government is trying to move India higher up the value chain instead of remaining dependent on imported processed materials.

To reduce that lag, RBI has asked banks to reconcile and confirm credits in nostro accounts much more frequently, either on a near real-time basis or at periodic intervals. The regulator said the reconciliation interval should normally not exceed one hour, marking a clear move toward more time-sensitive processing of international inward payments.

The MoU was signed by Amit Mohan Govil, Director of FIU-IND, and Rajesh Kumar, Chief Executive Officer of I4C. According to the release, the agreement is intended to create a more structured framework for collaborative intelligence sharing between the two agencies, both of which play key roles in tackling financial crime and cyber fraud in India’s rapidly expanding digital ecosystem.

Growth during the fiscal year was broad-based, with five out of six vehicle categories achieving record annual sales, driven by improved affordability, rising consumer demand, and an expanding mix of powertrain technologies.