India, Aug. 13 -- The Government of India has issued a release: NITI Aayog has released the report titled "Key Sectors to Position India as a Global Manufacturing Hub", which through a structured and data-driven framework identifies major sectors that can fuel India's ambition to become global manufacturing powerhouse. This report has extensively analyzed four sectors viz. Chemicals, Telecom & Networking Equipments, Textiles and Solar Photo Voltaic manufacturing. The assessment focuses on unde...
India, Aug. 13 -- The Government of India has issued a release: Enabling Enterprise-Led Growth As India celebrates its 80th Independence Day, the nation continues to strengthen the foundations of a self-reliant, resilient and growing economy. The Government has undertaken reforms aimed at reducing compliance burdens, enhancing transparency, encouraging entrepreneurship and creating greater opportunities for enterprises of all sizes. These efforts are advancing Ease of Doing Business through d...
India, Aug. 13 -- The Government of India has issued a release: Any fiscal load on mineral extraction must follow a uniform and balanced framework nationwide. Levies should never outweigh mining's economic value or profitability. The State, as trustee of natural resources, holds responsibility to protect national interest. It must ensure harmonised mineral growth across India, instead of uneven, localised pockets of resource-driven expansion. BEFORE AFTER Mineral-bearing lands were outside t...
India, Aug. 13 -- The Government of India has issued a release: India's Energy Landscape India's energy landscape is evolving to meet rising demand while strengthening energy security and supporting a cleaner future. The transformation spans renewable energy, nuclear power, petroleum, natural gas, coal and emerging technologies. Policy support, infrastructure development, domestic production, manufacturing expansion and wider energy access are shaping this transformation. India is simultaneou...
India, Aug. 13 -- The Government of India has issued a release: Dedicated Mission Laid The Foundation For Self-Reliance From Policy to Semiconductor Manufacturing Semiconductor facilities will supply critical components for automobiles, telecommunications, aerospace, power electronics and consumer electronics Electronic Design Automation (EDA) Global Partnerships The IndiaAI Mission, approved with an outlay of about Rs.10,372 crore, has made significant strides over the past year. The Miss...
India, Aug. 13 -- The Government of India has issued a release: Amrit Peedhi for Viksit Bharat@2047 India is home to one of the world's largest youth populations, with nearly 65 percent of its citizens below the age of 35. Over the years, the Government has expanded investment across education, skilling, employment, entrepreneurship, sports, health, and civic participation to convert this demographic advantage into a development dividend. Together, these efforts are enabling the Amrit Peedhi t...
India, Aug. 13 -- The Government of India has issued a release: India's development story is reaching deeper into rural and tribal communities, transforming access, opportunity, and quality of life. From basic services and resilient infrastructure to livelihoods, skills, education, and financial security, interventions are expanding the foundations of inclusive growth. Focused efforts for women, tribal communities, and vulnerable groups are further strengthening pathways to dignity and empowerm...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 14, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Muthoot MCred Limited (Formerly Known as Muthoottu Mini Financiers Limited) (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Asset Classification'. This penalty has been imposed in exercise of powers conferred o...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,81,244.85 5.10 1.00-5.80 I. Call Money 19,326.43 5.21 4.60-5.30 II. Triparty Repo 3,89,967.65 5.09 4.95-5.80 III. Market Repo 1,64,806.62 5.12 1.00-5.50 IV. Repo in Corporate Bond 7,144.15 5.29 5.27-5.40 B. Term Segment I. Notice Money** 302.60 5.11...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on August 14, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive ...