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BRIC 2025: Ministry of cooperation teams up with Indian Rice Exporters Federation; aim to strengthen rice sector

The ministry of cooperation has joined hands with the Indian Rice Exporters Federation (IREF) for what is set to be the largest rice event, Bharat International Rice Conference (BIRC) 2025, in a bid to strengthen the country’s rice sector. Alongside the conference, three major initiatives will be launched: a Coffee Table Book on Indian Rice,…

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India-Mercosur trade: India and Brazil agree to expand trade pact; aim for deeper economic partnership

India and Brazil on Thursday agreed to broaden the scope of the existing preferential trade agreement (PTA) between New Delhi and the Mercosur bloc, aiming to strengthen economic ties and boost bilateral trade. Mercosur, a South American trading bloc, comprises Brazil, Argentina, Uruguay, and Paraguay.The discussions took place during a meeting between visiting Brazilian Vice…

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Direct benefit transfers: Govt makes Aadhaar authentication must for all centrally sponsored schemes; aim to ensure transparency

The government has announced that all the new centrally sponsored schemes should use Aadhaar authentication for direct benefit transfers. Alongside, payments should be processed using the Aadhaar Enabled Payment System to ensure more transparency.Ahead of the Union Budget for 2026-27, the department of expenditure (DoE) has instructed ministries and state governments to make digital and…

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India’s rare earth boost: Govt approves Rs 7,300 crore scheme; aim to diversify away from China

The government has moved a step closer to boosting India’s self-reliance in rare earth magnets, with a key panel approving a Rs 7,300 crore scheme to support local manufacturing. These magnets are essential for electric vehicles, wind turbines and a range of consumer electronics.The expenditure finance committee (EFC), which functions under the finance ministry, cleared…

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‘EV prices to match petrol vehicles’ in 4-6 months’: Nitin Gadkari outlines auto sector vision; aim for global leadership

AI image used for representative purposes NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India are expected to match the cost of petrol vehicles within four to six months, highlighting the economic and environmental pressures of India’s Rs 22 lakh crore annual fuel import…

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Infrastructure push: Government mulls Rs 20,000 crore risk guarantee fund; aim to boost private investment

The government is considering setting up a Rs 20,000 crore risk guarantee fund to encourage private sector participation in infrastructure projects, according to PTI sources. The proposed fund aims to share project risks, easing financial pressure on developers and boosting private investment. The sources said the National Credit Guarantee Trustee Company (NCGTC) is likely to…

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Rs 2.7 lakh crore order book: HAL restructuring on cards to speed up deliveries to armed forces; aim to improve efficiency

Currently, HAL’s order backlog exceeds its yearly revenue by more than eight-fold. (File photo of Tejas) With an aim to speed up deliveries of crucial platforms to the armed forces, the government is looking to restructure the public sector giant Hindustan Aeronautics Limited (HAL). The aim is to improve the operational effectiveness.The restructuring initiative stems…

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