109 results for “Economy & Banking”
India is preparing a new National Steel Policy with a target of more than 600 million tonnes of steelmaking capacity and over 500 million tonnes of steel consumption by 2047. The draft policy is intended to replace the National Steel Policy, 2017, which had a horizon up to 2030 and a capacity target of 300 million tonnes.
NMDC Ltd. commissioned an integrated iron ore processing, slurry pipeline, and pellet-making project worth ₹5,427 crore in Chhattisgarh on 27 and 28 September 2026. The project includes a new iron ore processing plant at Bacheli, a 15 million tonne per annum slurry pipeline, and a 2 million tonne per annum pellet plant at Nagarnar.
Uttar Pradesh has set a target of increasing annual exports from about ₹2 lakh crore to ₹5 lakh crore by 2030. The target was announced on 27 September 2026 at the UP International Trade Show in Greater Noida. The export plan is linked to the state’s wider goal of becoming a $1 trillion economy.
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.
Paradip Port was designated as a “Mega Port” on 25 September 2026 under Section 73 of the Indian Ports Act, 2025. The Ministry of Ports, Shipping and Waterways granted the status after an assessment of structural and operational capabilities against prescribed benchmarks.
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.
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.
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.
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.