News on Indian Economy
The latest figures released by the Reserve Bank of India (RBI) mark the biggest weekly increase in India’s foreign exchange reserves in around six months and take the reserve stockpile to its highest level in more than two months.
EVEREST has been designed as a high-thrust propulsion system for reusable launch vehicles and represents one of the most technologically ambitious rocket-engine programmes currently being pursued by an Indian private company.
GeM was launched in 2016 to create a transparent, technology-driven marketplace connecting government buyers with suppliers across the country. Over the past decade, it has grown from a relatively small procurement platform into one of the largest digital public procurement systems in India.
Foundation stones have been laid for new buildings at Shree Janak Secondary School and Shree Janhit Secondary School, with the two projects carrying a combined estimated cost of NPR 11.85 crore.
QpiAI was established in Bengaluru in 2019 with the objective of combining artificial intelligence, quantum computing and high-performance classical computing. Its multidisciplinary team works across superconducting electronics, semiconductor technology, device physics, quantum algorithms, machine learning, software engineering and high-performance computing.
Goyal said the discussions covered the signing of the Terms of Reference for the India–SACU agreement, the early conclusion of negotiations and cooperation in strategically important sectors including critical minerals, pharmaceuticals and manufacturing.
Crude-steel production stood at 14.3 million tonnes during the month, compared with 14.1 million tonnes in July 2025, marking growth of 1.2%. Finished-steel production increased by 1.4% to 13.7 million tonnes, while hot-metal production rose by 1.6% to 8.1 million tonnes.
The government expects GOBARdhan to enable nearly ten-fold growth in domestic compressed biogas production while attracting large-scale private investment and strengthening India’s energy security.
The Ministry of Defence said the missile was launched on August 6, 2026, under the aegis of the Strategic Forces Command. The flight validated all designated operational and technical parameters, indicating that the missile, its mobile launching system, command procedures and supporting tracking infrastructure performed according to mission requirements.
The agreement was exchanged by Pawan Hans Chairman and Managing Director Sunil Kumar Nagdawne and Noemi Aerospace Chief Executive Officer Eric François Lithun in the presence of Civil Aviation Minister Ram Mohan Naidu Kinjarapu and Civil Aviation Secretary Samir Kumar Sinha.
