Business

Oct 2025 :REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power and a leading NBFC, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Rajgarh Neemuch Power Transmission Limited to M/s G R Infraprojects Limited on 29th September 2025. M/s G R Infraprojects Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL,…

India reaffirms its commitment to Strengthen international aviation safety, security, and sustainability India has been re-elected to the Part II of the Council of International Civil Aviation Organization (ICAO), a specialized UN agency. Part II comprises of States making the largest contribution to the provision of facilities for international civil air navigation. The election took place on 27 September 2025, during the 42nd ICAO Assembly Session, being held in Montreal. India secured more votes as compared to the 2022 elections, reflecting…

TEPA offers binding commitment of $100 bn investment and 1 million direct jobs in the next 15 years TEPA to stimulate services exports in sectors such as IT, business services, education, audio-visual etc TEPA provides Mutual Recognition Agreements in Professional Services like nursing, chartered accountants, architects etc India-European Free Trade Association(EFTA) Trade and Economic Partnership Agreement (TEPA) will come into effect on 01 October 2025. The agreement was signed on 10th March 2024 at New Delhi.TEPA is a modern and ambitious agreement that incorporates,…

Bharat Sanchar Nigam Limited (BSNL) is working to provide high-speed internet access to all 191 Gram Panchayats across Goa under the Bharat Net Project, said Shri. L. B. Lal, General Manager (GM), Goa Circle. He was speaking at a media interaction convened as part of the celebrations of 25 years of BSNL, at Goa Sanchar Bhavan, Patto, Panaji, today, September 30. Elaborating on the project, Shri Lal said that the initiative would involve the laying of 1,500 kilometers of optical…

The monthly accounts of the Government of India upto the month of August, 2025 has been consolidated and reports published. The highlights are given below: – The Government of India has received ₹12,82,709 crore (36.7% of corresponding BE 2025-26 of Total Receipts) upto August, 2025 comprising ₹8,10,407 crore Tax Revenue (Net to Centre), ₹4,40,332 crore of Non-Tax Revenue and ₹31,970 crore of Non-Debt Capital Receipts. ₹5,30,148 crore has been transferred to State Governments as Devolution of Share of Taxes by…

India’s domestic pharma market is $60 billion, but is expected to double, that is, $130 billion by 2030: Dr Jitendra Singh India’s annual growth of the Med Tech sector is 15 to 20%, says Minister DBT, Uttar Pradesh Ink Pact to Boost Biotech, Pharma and MedTech Innovation India’s Pharma Exports Near $30 Billion, Expected to Rise Sharply by 2030: Dr. Jitendra Singh India’s pharma exports, currently valued at nearly $27.8 billion, are expected to cross $30 billion by this year…

On the 29th September, 2025 The Reserve Bank of India (RBI) has issued seven Directions/Circulars, proposing to amend some of the extant Directions/Circulars applicable to banks and other regulated entities. While three of these amendments come into effect immediately (Part A), public comments are solicited on the other four (Part B). Details of the proposals are given below. Part A: Directions which come into force from October 01, 2025 – 1. Reserve Bank of India (Interest Rate on Advances) (Amendment Directions), 2025:…

The International Air Transport Association (IATA), together with carbon market stakeholders, is calling on governments worldwide to urgently address the extremely limited supply of carbon credits available for airlines to fulfill their obligations under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Specifically, the signatories call on governments to issue Letters of Authorization (LoAs) which enable the release of CORSIA Eligible Emissions Units (EEUs) for purchase by airlines. The timely issuance of LoAs is key to: •    Creating…

In a significant step towards promoting sustainable packaging practices and enhancing postal service efficiency, the Parcel Directorate, Department of Posts (DoP), Ministry of Communications, Government of India, today signed a comprehensive Memorandum of Understanding (MoU) with the Indian Institute of Packaging (IIP), an autonomous body under the Ministry of Commerce and Industry. The MoU was formally signed by Dr. Sudhir Jakhere, IPoS, APMG(BD & Mktg.), Department of Posts, and Dr. Babu Rao Guduri, Addl. Director, Indian Institute of Packaging, Mumbai…

Minister Stresses Cultural, Ecological and Livelihood Importance of Ganga; Calls for Swift Action on Wetland Protection, Pollution Abatement and River Rejuvenation Report on Geomorphic and Ecological Impacts of Sand Mining in Large Rivers Released; Focus on Strengthening Regulatory Framework for River Conservation Giving new impetus to the rejuvenation of River Ganga, the 16th meeting of the Empowered Task Force (ETF) was held today under chairmanship of the Union Minister for Jal Shakti Shri C.R. Paatil. The Minister emphasized that the…