69 results for “Economy & Banking Current Affairs”
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.
The number of active non-governmental organisations registered under the Foreign Contribution (Regulation) Act, or FCRA, fell from 29,022 in 2015 to 14,466 on 18 September 2026. Foreign contributions to FCRA-registered NGOs rose from ₹17,832 crore in 2015-16 to ₹22,974 crore in 2024-25.
Indian Railways approved the doubling of the 10.86-km Chouk-Karjat railway section in Maharashtra on 18 September 2026. The project has an approved cost of ₹497 crore and falls under the Central Railway zone.
India’s Directorate General of Foreign Trade (DGFT) approved applications from seven companies to import 642 cars from Britain on 16 September 2026. The allocation was made under the tariff rate quota (TRQ) provisions of the India-UK Comprehensive Economic and Trade Agreement (CETA), which came into effect on 15 July 2026.
Lam Research announced on 16 September 2026 an investment of about ₹10,000 crore, or around US$1.04 billion, in India over several years. The plan covers the company’s first silicon component manufacturing facility in India and an expansion of its advanced research and development operations in Bengaluru.
Fujifilm has announced a greenfield semiconductor materials manufacturing facility in India with a total investment of about ₹800 crore, or around USD 83 million. The project will be implemented in two phases, with Phase 1 scheduled to begin in October 2026 and commercial production expected in fiscal year 2028.
The United States Federal Reserve raised its benchmark interest rate by 25 basis points on 16 September 2026. The Federal Open Market Committee voted 12-0 to lift the federal funds target range to 3.75% to 4.00%.
Mazagon Dock Shipbuilders Ltd (MDL) announced on 15 September 2026 a plan to invest about ₹27,000 crore in a greenfield shipbuilding cluster at Dighi in Raigad district, Maharashtra. The project is linked to a Memorandum of Understanding with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) and is designed as a large industrial shipbuilding facility.
The Indian government has prohibited banks and payment system providers from levying charges on Unified Payments Interface (UPI) transactions up to ₹2,000 and on payments made through RuPay-powered debit cards. The policy was notified through the Finance Ministry and was formalised by an amendment to Section 10A of the Payment and Settlement Systems Act, 2007.
India’s Department of Consumer Affairs notified the Consumer Protection (E-Commerce) (Amendment) Rules, 2026 on 10 September 2026. The amended rules will replace the Consumer Protection (E-Commerce) Rules, 2020 from 1 January 2027 and apply to e-commerce marketplaces and other online platforms operating in India.
The Karnataka Cabinet approved the Karnataka Aerospace Policy 2026-2031 on 9 September 2026. The policy covers aerospace, defence, aviation, and space research and development, and it seeks to expand the sector beyond Bengaluru. The state government set an investment target of ₹60,000 crore over five years.
Union Commerce and Industry Minister Piyush Goyal set an annual target of 10 million international medical value tourists for India during the Sanjeevani 2026 expo in New Delhi on 7 September 2026. He also stated that 3.5 million international patients have used Indian healthcare services over the past seven years.