What's New: Economy
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Global Infrastructure Partners to invest up to Rs 3,000 Crores in ABRENDecember 9, 2025
Aditya Birla Renewables Limited (ABREN), a subsidiary of Grasim, has finalized an investment by Global Infrastructure Partners (GIP), part of BlackRock, one of the world's leading infrastructure investors, of up to Rs 3,000 Crores, with a commitment of Rs 2,000 Crores (~USD $225 Mn) and a greenshoe option to invest another Rs 1,000 cr (~USD 110 Mn)
S&P Global : Reliance Industries Ltd. Rating Raised To 'A-'December 4, 2025
S&P Global Ratings has raised its long-term issuer credit rating on Reliance Industries, as well as long-term issue ratings on the senior unsecured debt the company issued to 'A-' from 'BBB+
GOI and ADB sign loans worth $800 million for development projectsNovember 29, 2025
The Government of India and the Asian Development Bank (ADB) have signed agreements for three loans with worth over $800 million for projects in Maharashtra, Madhya Pradesh and Gujarat, for the Maharashtra Power Distribution Enhancement Programme for Agricultural Solarization ($500 million); Indore Metro Rail Project (Yen 27,147,200,000, equivalent to $190.6 million), and Gujarat Skills Development Programme ($109.97 million)
MoSPI Releases the National Industrial Classification 2025November 18, 2025
The Ministry of Statistics and Programme Implementation (MoSPI) has released the National Industrial Classification (NIC) 2025 during the Culmination Ceremony of 75th anniversary of National Sample Survey (NSS) and World Statistics Day 2025
Sixteenth Finance Commission submits its Report to the President of IndiaNovember 17, 2025
The Sixteenth Finance Commission (XVIFC) was constituted by the President of India in pursuance of clause (1) of article 280 of the Constitution. The XVIFC has submitted its Report to the President of India. Thereafter, the XVIFC also presented a copy of the report to the Prime Minister and to the Union Finance Minister
Discussion paper on proposed changes in the housing index compilation methodologyOctober 30, 2025
The Ministry of Statistics and Programme Implementation (MoSPI) is undertaking the base revision exercise of the Consumer Price Index (CPI). In the process, MoSPI is revisiting methodologies, exploring new data sources and incorporating changes after comprehensive consultations with the experts, academicians, users andother stakeholders
The Treatment of Free PDS Items in CPI CompilationOctober 4, 2025
The Ministry of Statistics and Programme implementation is conducting the base revision of the Consumer Price Index (CPI). The process includes enhancing coverage of price collection, refining existing methodologies, exploring new data sources and effective use of modern technology in the price collection and index compilation
ONGPL signs SPA for 100% equity stake in AyanaFebruary 12, 2025
ONGC NTPC Green Private Limited (ONGPL), a 50:50 joint venture between ONGC Green Limited (OGL) and NTPC Green Energy Limited (NGEL), has signed a Share Purchase Agreement (SPA) to acquire a 100% equity stake in Ayana Renewable Power Private Limited (Ayana)
Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development ProgrammeAugust 28, 2024
The Cabinet Committee on Economic Affairs has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore. This move is set to transform the industrial landscape of the country creating a robust network of industrial nodes and cities that will significantly boost economic growth and global competitiveness
Cabinet approves Terms of Reference for the Sixteenth Finance CommissionNovember 29, 2023
The Union Cabinet has approved the Terms of Reference for the Sixteenth Finance Commission. The Terms of Reference for the Sixteenth Finance Commission will be notified in due course of time. The recommendations of the 16th Finance Commission , upon the acceptance by the government, would cover the period of five (5) years commencing April 1, 2026
GAIL releases payment to all stakeholders of JBF Petrochemicals as per NCLT OrderJune 8, 2023
GAIL (India) Limited has emerged successful in Corporate Insolvency Resolution Process (CIRP) of JBF Petrochemicals in competitive bidding seeing through major India petrochemical players in the process
GAIL acquires 26% stake in ONGC Tripura Power CompanyJanuary 5, 2022
GAIL (India) Limited has acquired equity stake of 26% in ONGC Tripura Power Company (OTPC), which owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura
