India Budget 2026: Travel and tourism industry seeks demand boost, infrastructure support

Taj Mahal, Agra (File photo) MUMBAI: As the Union Budget 2026 approaches, stakeholders across India’s travel, tourism and hospitality sectors are seeking policy continuity, improved financing frameworks and measures to stimulate consumer spending. While domestic travel demand has remained resilient, foreign tourist arrivals are still below earlier peak levels, prompting industry leaders to look to […]

Economy

Inland waterways sector to get a major boost with ₹1,500 crore investment

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal flanked by Vijay Kumar, Secretary, MoPSW; Sunil Paliwal, Chairperson, IWAI. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has announced investments worth ₹1,500 crore for the overall development of Inland Water Transport (IWT) sector, aimed at promoting sustainable and cost-effective transportation including Kerala’s waterways. The […]

Economy

MMTC-PAMP seeks duty benefits to boost gold, silver refining in India

Samit Guha, Managing Director and CEO, MMTC-PAMP The precious metal refining sector expects the government to address duty disparities that put domestic refiners at a disadvantage compared to imports through free trade agreements, MMTC-PAMP Managing Director and CEO Samit Guha said on Friday. “One of the expectations we’ve had as not just MMTC-PAMP, but as […]

Economy

Revised Defence Acquisition Procedure 2020 to simplify procurement and boost indigenous manufacturing

Key reforms include gradual scaling of indigenous content for high-tech orders, greater FDI flexibility, simplified testing, and provisions for defence space procurement.  The first draft of the revised Defence Acquisition Procedure 2020 is expected to be out in a fortnight for stakeholders’ feedback, as the Ministry of Defence (MoD) seeks simplification and shortening of redundant […]

Pension boost: Cabinet extends Atal Pension Yojana till FY31; funding support to continue for outreach & gap needs

The Union Cabinet on Wednesday approved the continuation of the Atal Pension Yojana (APY) up to FY 2030-31, along with an extension of government funding support for promotional, developmental and gap-funding activities, according to an official statement issued by the government.The decision, cleared by the Cabinet aims to strengthen old-age income security for unorganised sector […]

‘Make in India’ boost: Customs duty on some electronics increased to 20%; govt aims to boost locally manufactured goods

The Centre on Wednesday revised customs duties on display-related products to support domestic electronics manufacturing and fix the existing duty structure. The Union finance ministry raised the Basic Customs Duty (BCD) on flat panel displays to 20%, while reducing the duty on open cells and key components to 5%. The changes are aimed towards strengthening […]

Economy

Fitch expects 6% revenue growth for Indian corporates in FY27 amid GDP boost

While domestically focused sectors are expected to remain stable, sustained higher tariffs could affect operating performance across more companies, highlighting both growth potential and downside risks for FY27. Fitch Ratings on Tuesday said the aggregate revenue for its rated corporates will rise by 6 per cent in FY27 on steady GDP growth and an improved […]

Economy

Syngenta expands Pune Global Capability Center to boost AI, innovation, and agriculture technology

The center, employing over 1,100 professionals, supports finance, IT, digital, and AMEA regional operations while emphasizing AI and data-driven innovation. Syngenta has announced a major expansion of its Global Capability Center (GCC) in Pune, underlining its focus on digital innovation and strengthening global operations. The expanded facility further cements Pune’s role in Syngenta’s worldwide technology […]

India-UAE energy ties boost: ADNOC and HPCL seal $2.5 billion gas deal; New Delhi to receive half a million tonnes of LNG annually

India and the United Arab Emirates sealed a major energy partnership with a long-term liquefied natural gas agreement worth more than $2.5 billion, the Emirati government announced on Monday. The deal was signed by ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company, and Indian oil giant Hindustan Petroleum Corporation Ltd. Under the […]