The Reserve Bank of India (RBI) has revised its regulations to allow minors aged 10 years and above to independently open and manage savings and term deposit accounts. The move is aimed at fostering financial awareness among young individuals while granting banks the flexibility to frame terms under their risk management guidelines. As per the…
NHPC Limited, India’s leading hydropower company, has successfully commenced commercial operations of all four units of the 800 MW Parbati-II Hydroelectric Project in Himachal Pradesh. The final unit became operational on April 16, 2025, completing the national project. Located in the Kullu district, Parbati-II is a run-of-the-river project on the Parbati River. The first three…
India has marked a significant milestone in its clean energy journey with the inauguration of the country’s first large-scale solar power plant constructed entirely using indigenous components. The 1.3 GW facility, located in Pokhran, Jaisalmer district, Rajasthan, was unveiled on Thursday by Union Minister for New and Renewable Energy, Pralhad Joshi, alongside Rajasthan Chief Minister…
The Government e-Marketplace (GeM) has recorded an all-time high in transactions, facilitating deals worth ₹5.42 lakh crore during the financial year 2024-25. This remarkable growth has been driven by increasing procurement activity from central ministries and public sector undertakings, according to data released by the Commerce Ministry. This figure marks a substantial jump from ₹4.04…
Road commuters across India will face higher toll charges as the National Highways Authority of India (NHAI) has implemented a toll fee increase of 4-5% across national highways and expressways, effective from April 1, 2025. According to a senior official from the Ministry of Highways, the toll revision is an annual exercise linked to changes…
India’s power consumption surged by nearly 7% to 148.48 billion units (BU) in March 2025, compared to 138.95 BU in the same period last year, driven by rising temperatures, according to official data. Peak power demand met also saw an increase, reaching 235.22 GW in March, up from 221.68 GW in March 2024. The record…
In a strong move against toll collection irregularities, the state-owned National Highways Authority of India (NHAI) has debarred 14 toll collection agencies for engaging in improper activities. The action follows an investigation initiated after the Uttar Pradesh Special Task Force (STF) uncovered a fraud, as revealed in an official statement. NHAI has issued show-cause notices…
India’s domestic air passenger traffic saw a notable increase of 11.04% in February 2024, reaching 140.44 lakh passengers, according to the latest data released by the Directorate General of Civil Aviation (DGCA). This growth marks a significant rise from the 126.48 lakh domestic passengers flown in February 2023. In terms of market share, IndiGo led…
The government is preparing to launch Sagarmala 2.0, a new phase of its flagship maritime development program, with additional funding aimed at bridging critical infrastructure gaps, Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, announced on Wednesday. Speaking at the 4th National Sagarmala Apex Committee (NSAC) meeting in New Delhi, Sonowal revealed that the…
The government has approved a Rs 1,500 crore incentive to promote small-value BHIM-UPI (P2M) transactions of up to Rs 2,000. This initiative is designed to benefit everyday consumers and small merchants alike. The Cabinet, chaired by Prime Minister Narendra Modi, approved the “Incentive Scheme for the Promotion of Low-Value BHIM-UPI Transactions (P2M)” for the financial…
