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Monthly Archives: February 2026

PM e-DRIVE SCHEME

The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme has accelerated the adoption of Electric Vehicles (EVs) across the country by providing targeted demand incentives for multiple EV segments, including e-two wheelers (e-2Ws), e-three wheelers (e-rickshaws, e-carts and L5 category), e-ambulances and e-trucks, thereby reducing the upfront cost of electric mobility. Under the Scheme, upfront incentives are ...

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PROMOTION OF ELECTRIC VEHICLES

The Government is actively promoting Electric Vehicles (EVs) and their charging infrastructure across the country including the state of Tripura by implementing following schemes : Faster Adoption and Manufacturing of Electric (&Hybrid) Vehicles in India’ (FAME India) Scheme : The second phase of FAME India scheme was implemented for a period of 5 years i.e. 01.04.2019 till 31.03.2024 with an outlay of ...

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India’s Rare Earth Strategy: Manufacturing, Corridors, and Global Integration

India is taking decisive steps toward self-reliance in critical materials by establishing a domestic ecosystem for Rare Earth Permanent Magnets (REPMs) – high-performance magnets essential for electric vehicles, wind turbines, electronics, aerospace, and defence. To support this goal, the government approved a ₹7,280 crore scheme to develop 6,000 MTPA of integrated REPM manufacturing capacity in November 2025, covering the full value chain from rare-earth oxides to finished magnets. ...

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Electrical Vehicles boom and challenges

As Electrical Vehicles adoption accelerates, copper demand has entered a phase of exponential growth that many policymakers and markets have underestimated. Over the past decade, EVs have moved from a niche product to the fastest-growing segment of the global automotive industry. The global shift toward electric vehicles (EVs) is widely celebrated as a technological breakthrough and a vital step toward ...

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Prospects of two-wheeler sales of India in 2026

In September quarter of 2025 year, two-wheeler sales volume rose to 9 per cent year-on-year with exports surging to 30 per cent. Bajaj Auto and the Hero MotoCorp were the leading sellers expanding 13 per cent revenue in second quarter of 2025 on y-o-y basis. Total two-wheeler sales in India crossed 20 million in 2025 calendar year. The GST 2.0 ...

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Budget 2026 Raises Duty-Free Import Limit for Seafood Processing Inputs from 1% to 3%

In the Union Budget, tabled today in the Lok Sabha for the year 2026-2027, proposed the highest ever total annual budgetary support of ₹2,761.80 crore for the fisheries sector. Out of the total allocation, ₹2,530 crore has been earmarked for scheme-based interventions, ensuring direct support to fishers and fish farmers. Pradhan Mantri Matsya Sampada Yojana (PMMSY) continues to be the central pillar of ...

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BUDGET PUSH TO MAKE INDIA A GLOBAL BIOPHARMA HUB

The Union Budget 2026–27, presented by the Hon’ble Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman in the Parliament today, has announced several key initiatives to strengthen India’s pharmaceutical and biopharma sector. The Finance Minister stated that the Government has undertaken comprehensive economic reforms towards creating employment, boosting productivity and accelerating growth. The Minister emphasised scaling up of ...

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GOVERNMENT ACCEPTS 16TH FINANCE COMMISSION’S RECOMMENDATION TO RETAIN VERTICAL SHARE OF DEVOLUTION AT 41 PERCENT

₹1.4 lakh cr.  to BE GIVEN TO States as Finance Commission Grants for FY 2026-27 The Government has accepted the recommendation of the 16th Finance Commission to retain the vertical share of devolution at 41 percent. Presenting the Union Budget 2026-27 in Parliament today, Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman said, “The Government has accepted the recommendation ...

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UNION BUDGET 2026-27 PROPOSES A SCHEME TO SUPPORT STATES IN ESTABLISHING FIVE REGIONAL MEDICAL HUBS TO PROMOTE MEDICAL TOURISM

PILOT SCHEME PROPOSED  FOR UPSKILLING 10,000 GUIDES IN 20 ICONIC TOURIST SITES THROUGH A STANDARDIZED, HIGH-QUALITY 12-WEEK TRAINING COURSE Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman while presenting the Union Budget 2026-27 in Parliament  said, “To promote India as a hub for medical tourism services, I propose to launch a Scheme to support States in establishing five ...

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₹12.2 LAKH CRORE PUBLIC CAPEX PROPOSED IN FY2026-27

While presenting the Union Budget 2026-27 in Parliament today, Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman said; “Our first kartavya is to accelerate and sustain economic growth, by enhancing productivity and competitiveness, and building resilience to volatile global dynamics”. The Finance Minister in her budget speech today said that the Public capex has increased manifold from ₹2 ...

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