In a major step towards strengthening India's energy security, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced that Indian public sector oil companies, for the first time, signed a one-year deal to import liquefied petroleum gas (LPG) from the United States.
Highlighting India's position as one of the largest and the fastest-growing LPG markets in the world, Puri said that the new agreement marks a significant milestone in the country's efforts to diversify its LPG sourcing.
RBI Approves Appointment of S. Krishnan as Chairman of J&K Bank
S. Krishnan, a seasoned banking professional, was appointed as the part-time chairman of Jammu and Kashmir Bank (J&K Bank). The Reserve Bank of India (RBI) approved his appointment, which officially came into effect in November 2025, and will continue till March 26, 2028.
S. Krishnan is a veteran banker with decades of experience in public sector banking. He previously held leadership roles, including,
Managing Director & CEO of Punjab & Sind Bank and MD & CEO of Tamilnad Mercantile Bank.
Nov 17, 2025
Govt. Approves 17 Projects under Electronics Component Manufacturing Scheme
The government approved 17 projects entailing about Rs. 7,172 crore investment across six categories under the Electronics Component Manufacturing Scheme (ECMS), underlining India's resolve and its decisive push into producing high-value components. These projects will lead to production worth Rs. 65,111 crore cumulatively.
The 17 projects greenlit now in the second tranche, bring total projects under the scheme to 24.
The players included Jabil Circuit India, Aequs Consumer Products, Uno Minda, ASUX Safety Components India, Zetfab India, TE Connectivity India, and Meena Electrotech, among others.
The categories include camera module, connectors, multi-layer PCB, oscillators, enclosures among others and are spread across nine states.
India Imposes Five-Year Anti-Dumping Duty on Vietnamese Steel
India imposed an anti-dumping duty of USD 121.55 per tonne on imports of hot rolled flat steel products from Vietnam for five years.
The move is aimed at protecting domestic manufacturers from cheap imports.
According to a notification by the finance ministry, the imposition of the duty was recommended by the Directorate General of Trade Remedies (DGTR).
Govt Unveils Rs. 1,500 Crore Projects to Modernise New Mangalore Port
The Central Government announced a significant investment of ₹1,500 crore for the modernisation of the New Mangalore Port in Karnataka. The announcement was made by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal during the Golden Jubilee celebrations of the New Mangalore Port Authority (NMPA) held in Mangaluru. As part of the launch, a total of 20 development projects were unveiled to upgrade infrastructure, increase capacity, and integrate advanced digital technologies, aligning with the larger national vision of "Viksit Bharat".
Nov 16, 2025
Delhi Government Does Away with Mandatory Renewal of Registration every 21 Years for Establishments
The Delhi government has abolished the provision of mandatory renewal of registration every 21 years under the Delhi Shops and Establishments Act, 1954, in a bid to promote 'Ease of Doing Business'.
Currently, the Act mandates renewal of registration every 21 years from the date of registration. Eliminating this renewal requirement is a relief for traders and will further strengthen 'Ease of Doing Business' in Delhi, the statement added.
According to Delhi Labour Minister Kapil Mishra, removing the mandatory renewal of registration after 21 years will provide real relief to traders.
Korea's Samhyun to Set Up EV Component Plant in Sriperumbudur
In a major development for India's electric mobility landscape, Korean tech company Samhyun announced plans to establish a state-of-the-art electric vehicle (EV) motor component plant in Sriperumbudur, Tamil Nadu. This marks a significant boost to the region's fast-emerging status as a leading EV and automotive manufacturing hub. With strong government support, skilled workforce availability, and robust infrastructure, Tamil Nadu continues to attract global players in the e-mobility space, with Samhyun's entry further validating its strategic appeal.
Nov 15, 2025
M&M, Manulife to Form Life Insurance JV
Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs. 3,600 crore each totalling Rs. 7,200 crore.
Each partner will invest Rs. 1,250 crore ($140 million) in the first five years. The new business is expected to apply for a licence with the Insurance Regulatory and Development Authority of India in two to three months and aims to commence operations in 15 to 18 months. It will mark Manulife's entry in Indian insurance.
UAE Executes First-Ever Digital Dirham Transaction in Record Time
The United Arab Emirates (UAE) made history by completing its first government transaction using the Digital Dirham, a central bank digital currency (CBDC), in less than two minutes. This lightning-fast digital payment marks a major leap forward in the UAE's mission to become a global digital finance hub. The transaction was executed via the mBridge platform, demonstrating the country's readiness to adopt next-generation financial infrastructure.
The Digital Dirham is part of the country's broader Financial Infrastructure Transformation (FIT) Programme, designed to boost transparency, efficiency, and financial inclusion.
Unlike cryptocurrencies, this CBDC is government-backed and fully regulated. It ensures secure, real-time transactions between public institutions and may eventually be used by citizens and businesses across the UAE.
Nov 13, 2025
Cabinet Approves Export Promotion Mission to Strengthen India's Export Ecosystem
The Union Cabinet chaired by the Prime Minister, Narendra Modi approved the Export Promotion Mission (EPM) — a flagship initiative announced in the Union Budget 2025–26 to strengthen India's export competitiveness, particularly for MSMEs, first-time exporters, and labour-intensive sectors.
The Mission will provide a comprehensive, flexible, and digitally driven framework for export promotion, with a total outlay of Rs. 25,060 crore for FY 2025–26 to FY 2030–31. EPM marks a strategic shift from multiple fragmented schemes to a single, outcome-based, and adaptive mechanism that can respond swiftly to global trade challenges and evolving exporter needs.
EPM is anchored in a collaborative framework involving the Department of Commerce, Ministry of MSME, Ministry of Finance, and other key stakeholders including Financial Institutions, Export Promotion Councils, Commodity Boards, industry associations, and state governments.
The Mission will operate through two integrated sub-schemes:
- NIRYAT PROTSAHAN – focuses on improving access to affordable trade finance for MSMEs through a range of instruments such as interest subvention, export factoring, collateral guarantees, credit cards for e-commerce exporters, and credit enhancement support for diversification into new markets.
- NIRYAT DISHA – focuses on non-financial enablers that enhance market readiness and competitiveness, including export quality and compliance support, assistance for international branding, packaging, and participation in trade fairs, export warehousing and logistics, inland transport reimbursements, and trade intelligence and capacity-building initiatives.
Tata Power Plans India's Largest Solar Wafers & Ingots Plant
In a major move for India's renewable energy sector, Tata Power has announced its intention to set up what will be the country's largest solar wafers and ingots manufacturing plant, with a capacity of 10 gigawatts (GW). For competitive exam aspirants and readers keeping tabs on industrial & energy policy developments, this project is significant—since it relates to building up the domestic solar manufacturing supply chain, government incentives, and the broader push for self�'reliance in energy components.
Tata Power will establish a facility dedicated to producing ingots and wafers—these are upstream components in solar cell and module manufacturing (ingots → wafers → cells → modules).
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