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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
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September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
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September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
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September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
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Puri seeks state govts' support to become world's 2nd largest metro network after US

March 10, 2025

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New Delhi, Mar 10 (PTI) Union minister Hardeep Singh Puri on Monday said India is the third largest operating metro system in the world, with 1,011 km in length, and sought the support of state governments to overtake the US to become the world's second-largest network.

Replying to supplementaries in the Rajya Sabha during Question Hour, the minister said land and urban transport are state subjects, but the central government supports states in establishing metro networks in terms of financial support and funding from external agencies.

The minister said he cannot give an assurance to a member of Parliament on a capital-intensive project, as the projects require detailed examination in terms of finances and feasibility. He also urged states to send detailed project reports, along with relevant documentation, to enable the Centre to examine them expeditiously.

He was responding to a question on the metro rail project in Chennai, cleared by the Union Cabinet last October.

Puri was also asked about clearing pending projects for the Madurai and Coimbatore metro projects, to which the minister said he cannot give an assurance without a proper examination of the projects.

"We started metro projects in 2002 at the time of Atal Bihari Vajpayee government. Today, we have 1,011 km of metro projects operating in 23 cities. In addition to that, we have another 979 km under construction. Metro is either in operation or under construction in 29 cities in the country," he told the members in the Upper House.

He said that between 2002 and today, India has the third largest operating metro system in the world after China and the US, and we are at 1,011 km, and America at about 1,400 km.

"In becoming the second largest network of urban transport...we need the cooperation of state governments. We have all state governments cooperating with us, some more effectively than others. I find that when proposals are sent to us in a comprehensive way, then the chances of the proposal getting approved is higher," Puri said, adding that he was responding on behalf of his colleague Manohar Lal, who was not present in the House.

To a question on the minister giving an assurance on Madurai and Coimbatore projects, the minister said, "It is not my job as a cabinet minister to give assurances on the floor of Parliament without the proposal having examined and the implications having examined".

He stressed that all capital-intensive projects will go through detailed scrutiny, and only then, they will be approved. Each project is evaluated in terms of its viability.

He said that for any metro project to progress, it is important that the central government receives a detailed project.

The DPR from Madurai and Coimbatore had a composite mobility plan missing at that time, he stressed, adding that all state government should forward their plans with proper documentation.

"In Delhi, we have about 400 km in NCR region and at any given day, we have more than 70 lakh people using the metro system," he said while giving an example of a successful transport system.

Puri said that he has been on record saying that whatever we wanted to do for Delhi in terms of improving transport facilities, "It was derailed for want of support of Delhi government".

"It is more about RRTS, we were able to get it done, as the Delhi government was not forthcoming with the finances," he claimed.

He said the central government approved 28.5 Km for the metro system in Gurugram and the NCRTC corridor, connecting Gurugram, was kept on hold by the AAP government for three years.

"Now with the change in the government in Delhi, I am sure we will be able to get this done as well. We could not have moved from zero in 2002 to 1,011 km unless the state governments cooperated," he noted.

Speaking about the Chennai metro project, the minister, who held the charge of Housing and Urban Development earlier, on behalf of his colleague Manohar Lal Khattar said the Chennai metro has a long history, and the proposal was originally sent to us in 2017 for 107 km of metro at a cost of Rs 85,000 crore.

"This proposal was returned to the Tamil Nadu government as it was not accompanied by all the documents required to assess a project of this magnitude. In 2018, the government of Tamil Nadu proceeded with the project of its own as a state project.

"Then in January 2019, it was resubmitted to the Centre for 118.9 km with a reduced cost of Rs 69,180 crore against Rs 85,000 crore earlier. The Government of Tamil Nadu finally submitted a proposal for 118.9 km length at a sanctioned cost of Rs 63,246 crore, as per a joint project.

"This project was approved in October 2024 for Rs 63,246 crore, of which the Government of India's contribution is Rs 7,424 crores in equity and subordinate debt. No funds demand has been received from the chief minister. We have already released Rs 5,000 crore and over Rs 33,000 crore has been financed through external funding agencies," he noted. PTI SKC SKC BAL BAL

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