69 results for “Economy & Banking Current Affairs”
India and the Gulf Cooperation Council (GCC) formally launched negotiations for a Free Trade Agreement (FTA) through a Joint Statement signed on 24 February 2026 in New Delhi. The Joint Statement was signed by India’s Union Minister of Commerce and Industry, Piyush Goyal, and GCC Secretary General, Jasem Mohamed Albudaiwi. The Terms of Reference for the FTA were signed on 5 February 2026 and set the framework for the negotiations.
India’s federal power ministry issued a directive on 25 September 2026 for more than 100 captive coal-fired power plants to maximise generation from 1 October to 31 December 2026. The order applies to captive plants with an installed capacity of at least 50 megawatts and uses emergency powers under Section 11 of the Electricity Act.
India marked 12 years of the Make in India initiative on 25 September 2026. The initiative was launched on 25 September 2014 to promote domestic manufacturing, investment, exports, and industrial competitiveness across sectors.
Telangana has set a target of 5 GW hyperscale data centre capacity by 2029. The state has linked this target with an estimated $30 billion in potential investment across artificial intelligence and digital infrastructure.
The National Stock Exchange of India (NSE) listed on the Bombay Stock Exchange (BSE) on 24 September 2026. The shares opened at ₹1,800 apiece against an issue price of ₹1,785 per share, and the listing valued the exchange at over ₹4.45 lakh crore.
Finance Minister Nirmala Sitharaman called for an economic shift from “Made in India” to “Imagined in India” on 22 September 2026 at the 53rd National Management Convention of the All India Management Association in New Delhi. The phrase refers to products that are conceived, designed, and technologically developed in India before being manufactured and marketed globally.
India’s first blue bond issue is scheduled for launch on 28 September 2026 by Sagarmala Finance Corporation, a state-owned maritime lender. The proposed issue size is ₹600 crore, with a greenshoe option of ₹500 crore, and the bonds have a tenor of 10 years.
India has set a target of 60,000 metric tonnes of silk production by 2030-31, with an aim to become the world’s largest silk producer by 2028-29. The target was announced at the 77th Foundation Day of the Central Silk Board in Bengaluru on 21 September 2026, and the current annual production stands at 42,000 metric tonnes, up from 26,000 metric tonnes in 2014.
Indian Oil Corporation approved an investment of ₹2,448.70 crore for the Kochi-Kanyakumari-Thoothukudi Natural Gas Pipeline project on 21 September 2026. The pipeline will cover 424.65 kilometres and connect Kochi in Kerala with Thoothukudi in Tamil Nadu through the Kanyakumari region.
Stellantis India acquired the remaining stake held by Hindustan Motor Finance Corporation Ltd. in Stellantis Automobiles India Private Limited on 21 September 2026. The transaction gave Stellantis full ownership of the Tiruvallur manufacturing facility in Tamil Nadu and placed the plant under complete control of Stellantis Automobiles India Private Limited.
India’s semiconductor market is projected to expand from about USD 64 billion in 2026 to USD 200 billion by 2035, while another estimate places the market at USD 300 billion by 2035. The market was valued at about USD 27 billion in 2021, and semiconductor imports rose from USD 5.7 billion in FY17 to USD 30.3 billion in FY25.
Assam Chief Minister Dr. Himanta Biswa Sarma laid the foundation stone for a 3,200 MW ultra-supercritical thermal power plant at Chapar in Dhubri district, lower Assam, on 20 September 2026. The project is being developed by Adani Power Limited with an estimated investment of ₹48,000 crore and is planned as the largest power plant in the North-East region.