The Indian government has cancelled the auction of five critical mineral blocks. This decision follows a poor response in the fifth round of sales. The cancelled blocks include a rare earth element mine in Karnataka. No bids were received for three blocks. Auctions for a tungsten mine and another REE block were also annulled.
In response to US tariffs, India is targeting 40 key markets, including the UK and Japan, to boost textile exports. This diversification strategy aims to position India as a reliable supplier of sustainable textiles. Export Promotion Councils will lead the effort, leveraging FTAs and international trade fairs.
US President Donald Trump has warned Russia of a potential “economic war” if Putin and Zelenskiy fail to resolve the Ukraine conflict. Despite a Trump-Putin summit and facilitated dialogues, no concrete meeting arrangements have materialized.
The government is addressing failed transactions under the PM-Kisan scheme due to Aadhaar mapping issues and incomplete KYC. Banks are directed to improve communication with farmers and assist in meeting eligibility requirements. A financial inclusion drive is underway, boosting participation in Jan Dhan Yojana and social security schemes, alongside Re-KYC updates.
India’s nationwide initiative to digitize land records by December is expected to significantly boost foreign direct investment in real estate. The move aims to streamline land acquisition, reduce disputes, and enhance investor confidence. With substantial progress already made in digitizing land records and cadastral maps, the initiative promises greater transparency and efficiency in property transactions,…
The PMS industry is urging SEBI to lower the minimum investment threshold from ₹50 lakh to broaden investor access, especially after the introduction of Specialised Investment Funds (SIFs) with a lower ₹10 lakh requirement.
