News on Indian Economy
In a detailed clarification issued on July 30, 2026, the Ministry of Petroleum and Natural Gas said misleading information about the Ethanol Blended Petrol Programme had recently circulated through sections of the media and social media.
The company’s profit before tax increased 75% to ₹111.62 crore during the April–June quarter, compared with ₹63.82 crore in the corresponding period of the previous financial year.
The performance reflected sustained overseas demand for Indian machinery, transport equipment, metals, electrical products and other manufactured goods. Engineering exports remained above the $10-billion mark for the third consecutive month, underlining the sector’s resilience despite continuing pressure on shipping routes, freight rates, insurance costs and global supply chains.
The report projects that FCNR(B) deposits alone could rise to $65–70 billion by the end of the scheme, far exceeding the mobilisation recorded during the comparable 2013 initiative. The estimate reflects strong early inflows, higher deposit rates and the likelihood that a substantial portion of maturing deposits will be renewed.
As part of the expansion, Marvell plans to significantly increase hiring at its facilities in Bengaluru, Pune, and Hyderabad. The company will also add a new wing to its Bengaluru campus and expand its Hyderabad office to accommodate its growing engineering teams.
Firefly imagery can therefore support the detection of crop stress, nutrient deficiencies, irrigation problems and disease risk. Repeated observations allow agricultural agencies, insurers and farm-management companies to compare crop development across fields and identify areas requiring attention.
Minister of State for Defence Sanjay Seth highlighted the contribution of MSMEs, start-ups and private companies in developing indigenous defence equipment, components and technologies. These enterprises increasingly support major defence manufacturers and public-sector undertakings by supplying precision components, electronics, materials, software, subsystems and maintenance services.
The latest government figures place merchandise exports at approximately $442 billion, while services exports contributed around $421 billion. Services remained one of the principal engines of export growth, supported by information technology, business services, financial services, professional consulting, communications and other digitally delivered services.
Manufactured by the West Assam Milk Producers’ Cooperative Union Limited (WAMUL) and marketed by North East Dairy and Foods Limited (NEDFL), Purabi Ice Cream is produced using milk procured through Purabi Dairy’s extensive cooperative network of dairy farmers across Assam. The inaugural consignment comprises a diverse range of products, including cups, family packs, cones and gallon packs, catering to both retail consumers and institutional buyers in Bhutan.
The 40-wagon train carried a consignment of canola and completed the journey under the revised India–Nepal Rail Transit Protocol. The arrangement enables containerised cargo to move directly from Kolkata Port to Biratnagar without transshipment at the border, reducing repeated handling, transit delays and logistics expenses.
