The Union Cabinet approved a ₹23,371 crore GOBARdhan scheme to accelerate growth of the compressed biogas (CBG) sector. The scheme aims to raise domestic CBG production ten-fold and to mobilise large-scale private investment. It advances India's waste-to-energy, rural sanitation and clean-fuel goals while cutting dependence on imported fossil fuels.
RBI Governor Sanjay Malhotra said the Reserve Bank plans to issue polymer currency notes from the beginning of the next financial year. He clarified the project is still at a pilot stage, with the RBI testing how the notes perform under Indian climatic and infrastructure conditions before a wider rollout. It marks a shift from conventional paper banknotes.
The Hindu
Ministry of Parliamentary Affairs · GODL-IndiaThe Lok Sabha passed the MSME Development (Amendment) Bill without debate. The Bill seeks to address current challenges faced by the Micro, Small and Medium Enterprises (MSME) sector by improving its administrative structure and facilitating payment mechanisms for enterprises. It updates the statutory framework governing MSMEs, a segment central to employment and manufacturing in India.
The HinduWholesale price index (WPI) inflation eased marginally to 9.78% in July as food, fuel and power prices cooled. It was the first month-on-month decline in wholesale inflation under the new 2022-23 base-year series. The moderation signals some softening in input-cost pressures, though wholesale inflation stays in high single digits.
The HinduThe government rolled out a foreign asset disclosure scheme allowing small taxpayers to declare previously undisclosed foreign assets or income. Declarants pay a 30% tax on the value of the declared asset or income, plus an additional amount equal to the tax — taking the effective levy to 60%. The window offers a compliance route for undisclosed overseas holdings.
The HinduThe last seven days as one sheet — grouped by syllabus area, every figure worth memorising, and a quiz across the whole week.
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