The Union Cabinet approved a ₹23,371 crore outlay for the GOBARdhan scheme to spur growth of the compressed biogas (CBG) sector. The scheme aspires to increase India's domestic CBG production ten-fold and to mobilise large-scale private investment, converting agricultural residue, cattle dung and organic waste into clean fuel while advancing the government's waste-to-wealth and rural energy goals.
The Union Cabinet approved ₹84,084 crore for 'Samudra Manthan', an offshore exploration scheme to expand India's oil and gas output. Of this, ₹43,200 crore has been allocated for drilling 60 deepwater exploration wells, targeting the country's under-explored deep-sea basins to boost domestic hydrocarbon discovery and reduce dependence on imported energy under the scheme's multi-year push.
The HinduThe Centre extended the PM-Kisan income-support scheme for four more years, allocating ₹3.15 lakh crore for the period. The government said more than ₹4.47 lakh crore has already been transferred directly into farmers' bank accounts through 23 instalments since the scheme was launched in February 2019, reaffirming direct benefit transfer as the backbone of farmer income support.
The HinduReserve Bank of India Governor Sanjay Malhotra said the central bank aims to begin issuing polymer (plastic) currency notes from the beginning of the next financial year. He stressed that the project is still at a pilot stage, and that the RBI will test how the polymer notes perform under Indian conditions, climate and existing infrastructure before any full rollout.
The HinduThe government rolled out a foreign asset disclosure scheme aimed at small taxpayers, allowing them to declare previously undisclosed overseas assets or income. Those who come forward pay tax of 30% on the declared value, plus an additional amount equal to that tax—taking the effective levy to 60%—in exchange for regularising their holdings and avoiding harsher consequences.
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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