The Union Cabinet has approved the GOBARdhan scheme with an outlay of ₹23,371 crore to accelerate growth of the Compressed Bio-Gas (CBG) sector. The scheme aspires to raise India's domestic CBG production ten-fold and to mobilise large-scale private investment in the sector, strengthening the country's biofuel and waste-to-energy ecosystem.
The Union Cabinet has approved ₹84,084 crore for the offshore exploration scheme 'Samudra Manthan'. Of this, ₹43,200 crore has been allocated specifically for drilling 60 deepwater exploration wells, marking a major push to expand India's offshore hydrocarbon and resource exploration capacity.
The HinduThe Centre has extended the PM-Kisan income-support scheme for four more years, allocating ₹3.15 lakh crore. The Government stated it has already transferred more than ₹4.47 lakh crore directly into farmers' bank accounts through 23 instalments since the scheme was launched in February 2019.
The HinduRBI Governor Sanjay Malhotra said the central bank plans to issue polymer currency notes from the beginning of the next fiscal year. He clarified the effort is still at a pilot stage, with the notes to be tested for performance under Indian climatic conditions and the existing cash infrastructure before a wider rollout.
The HinduIndia has climbed 25 places in a global competitiveness ranking, an improvement attributed to reforms that reduced market distortions. The gain follows a series of domestic economic reforms, including the implementation of the GST and the Insolvency and Bankruptcy Code (IBC), along with improvements in the business environment and trade-facilitation measures.
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