Category: News

New Delhi, Apr 8: The Union Cabinet on Wednesday approved a significant hydro‑electric power project in Arunachal Pradesh, greenlighting a proposal worth ₹26,069 crore to develop a 1,720 megawatt (MW) hydropower facility in the state’s strategic northeastern region.

The project, which is expected to become one of the largest clean energy installations in the area, is aimed at boosting domestic power generation capacity and supporting India’s transition toward sustainable energy sources. Once completed, the plant is projected to generate substantial electricity that will contribute both to regional demand and the national grid.

Government officials highlighted that the initiative will not only strengthen energy security but also accelerate economic development in Arunachal Pradesh by creating jobs, improving local infrastructure, and spurring related investments in the region.

The approved plant is part of the government’s broader policy to tap India’s hydropower potential—particularly in the Himalayan states—while promoting environmentally responsible energy production. Officials emphasised that environmental safeguards and community welfare measures will be integrated into the project’s implementation to minimise ecological impacts and support local livelihoods.

The move comes as part of ongoing efforts to diversify India’s energy mix, reduce reliance on fossil fuels, and advance clean energy goals under national and international climate commitments.

With the Cabinet’s approval in place, detailed planning, land acquisition, and construction activities are expected to begin soon, marking a new chapter in renewable energy expansion in the northeastern region.

New Delhi, Apr 8: The Union Cabinet on Wednesday cleared a ₹41,533 crore proposal to provide fertiliser subsidies for the upcoming kharif season, aiming to support farmers and ensure fertiliser affordability during the crucial planting period.

The subsidy approval is part of the government’s ongoing efforts to keep agricultural inputs within reach for cultivators, particularly small and marginal farmers. The move is expected to help maintain crop productivity, encourage sowing activities, and reduce the financial burden on farmers ahead of the monsoon.

Officials said the subsidy will be made available on key fertilisers used during the kharif season, helping farmers secure the necessary nutrients for their crops at lower effective prices. This support is seen as essential for stabilising farm incomes and ensuring the timely application of fertilisers, which can influence crop yields and overall agricultural output.

The decision aligns with the broader agricultural policy focus on strengthening the rural economy and safeguarding farmers against volatility in input costs. By subsidising fertiliser prices, the government aims to promote sustainable farming practices and improve food security.

Agricultural experts and farmer organisations welcomed the move, noting that stable input prices play a vital role in enabling farmers to plan their cropping strategies and manage expenses effectively.

The subsidy package will be implemented through existing mechanisms to ensure that fertilisers reach the field in a timely and efficient manner, supporting the country’s planting and production goals for the kharif season.

New Delhi, Apr 8: The Union Cabinet on Wednesday approved India’s first major hydroelectric project in the Lohit Basin of Arunachal Pradesh, greenlighting an investment of ₹14,105 crore to boost clean energy capacity and drive regional development.

The project, located in the northeastern state, marks a significant step in the government’s efforts to harness India’s vast hydropower potential. Once completed, it will generate substantial electricity, contribute to national energy security, and support sustainable development goals.

Officials said the hydroelectric project will not only help meet the growing power needs of the region but also spur economic activity, create jobs, and enhance infrastructure in remote areas. It is expected to play a key role in reducing dependence on fossil fuels and advancing India’s transition toward cleaner energy.

The Cabinet’s approval comes as part of a broader push to expand renewable energy sources across the country, with hydropower forming a critical component alongside solar and wind. Development in the Lohit Basin is also projected to bring improvements in road connectivity, local services, and livelihood opportunities for communities in Arunachal Pradesh.

Authorities have emphasized that environmental and social safeguards will be integrated throughout the project’s implementation to balance ecological preservation with development objectives.

The approval of this major hydro project highlights the government’s commitment to expanding clean energy infrastructure while fostering inclusive growth in the country’s northeastern region.

New Delhi, April 8: India has marked a major advancement in its civil nuclear energy program as the Prototype Fast Breeder Reactor (PFBR) at Kalpakkam, Tamil Nadu, successfully reached first criticality on April 6, 2026. This milestone reflects the country’s growing technological expertise and its ability to develop advanced nuclear reactors indigenously.

The 500-megawatt electrical PFBR, designed and constructed entirely by Indian institutions, is a sodium-cooled fast breeder reactor developed by BHAVINI (Bharatiya Nabhikiya Vidyut Nigam Ltd.) and the Indira Gandhi Centre for Atomic Research (IGCAR) under the Department of Atomic Energy. Attaining criticality means the reactor has achieved a controlled, self-sustaining nuclear chain reaction — a key step toward full power operations and electricity generation.

Prime Minister Narendra Modi congratulated the scientists and engineers, calling it a “defining moment” in India’s nuclear journey. He highlighted that fast breeder reactors like the PFBR not only produce energy efficiently but also generate more nuclear fuel than they consume, setting the stage for utilizing India’s vast thorium reserves in the future.

Unlike conventional reactors that primarily use uranium, fast breeder reactors are designed to extend nuclear fuel resources, making them crucial for long-term energy security. This positions India among a select group of countries with advanced capabilities in fast breeder technology.

The PFBR’s success underscores India’s indigenous engineering and scientific strength and contributes to the nation’s goal of sustainable, low-carbon energy production. As the reactor moves toward commercial operation, it is expected to enhance India’s nuclear capacity and support the growing energy demands of the country.

The achievement at Kalpakkam is a testament to India’s innovation in clean energy and reaffirms the nation’s strategic progress in advancing homegrown nuclear technology.

New Delhi, April 8, 2026:
The stage is set for an exciting clash in IPL 2026 as Delhi Capitals (DC) take on Gujarat Titans (GT) at the iconic Arun Jaitley Stadium. Riding high on momentum, Delhi Capitals will look to secure a hat-trick of victories and turn their home ground into a stronghold.

Delhi’s confidence is soaring after a convincing win over Mumbai Indians. Skipper Axar Patel has already set the tone, urging his side to “make Kotla our fortress,” signaling a strong intent to dominate at home this season. On the other hand, Gujarat Titans receive a timely boost with the return of captain Shubman Gill, who had been sidelined due to neck muscle spasms. His comeback is expected to significantly strengthen both leadership and batting at the top order.

Confirming the development, Sai Sudharsan stated that Gill has fully recovered and looked in excellent touch during practice sessions, even clearing the stands with ease. His return restores Gujarat’s regular opening combination and provides much-needed stability to a side currently struggling in the tournament.

The Titans, placed near the bottom of the IPL 2026 points table after a narrow defeat to Rajasthan Royals, will be eager to break their losing streak and revive their campaign.
With Delhi aiming to extend their winning run and Gujarat desperate for a turnaround, today’s encounter promises to be a high-intensity battle with significant early-season implications.

By- Ritesh Taksali, Chief Investment Officer, Edelweiss Life Insurance

The MPC has decided to be cautious given the volatile situation and the nascent ceasefire agreement.  The upward revision on inflation and lowering of growth for FY27 shows that there could be some lasting effects from the conflict.

Mumbai, April 8 — Commercial services on the first phases of Mumbai Metro corridors 9 and 2B began Wednesday morning, a day after they were inaugurated by Maharashtra Chief Minister Devendra Fadnavis, officials confirmed.

The new lines mark significant milestones in Mumbai’s mass-transit network. Metro Line 9 provides the first direct metro connectivity between Mira-Bhayandar in Thane district and Mumbai, while Line 2B introduces metro services to the Harbour Line for the first time.

The Phase 1 stretch of Metro Line 9 spans 5.6 km with four stations: Dahisar East, Pandurangwadi, Miragaon, and Kashigaon. According to the Mumbai Metropolitan Region Development Authority (MMRDA), Line 9 is expected to cut travel time between Mira-Bhayandar and Mumbai to about 30 minutes, compared with the current journey of one to two hours. Built at a cost of ₹6,607 crore, the line will eventually link to other corridors, offering seamless connectivity to South Mumbai.

Metro Line 2B (Phase 1) covers 5.53 km and includes five stations: Deshbhakt N G Acharya Udyan (Diamond Garden), Chhatrapati Shivaji Maharaj Chowk, Deonar, Mankhurd, and Maharashtra Nagar–Mandale. Services commenced at 6 am, providing a vital new option for commuters on the eastern side of the city.

With these additions, Mumbai’s operational Metro network now spans six corridors, including:

• Line 1 (Ghatkopar-Andheri-Versova)
• Line 2A (Andheri West-Dahisar East)
• Line 7 (Dahisar East-Andheri East)
• Line 3 (Colaba-Bandra Kurla Complex–SEEPZ, underground)
• Newly opened Line 9 and Line 2B

The MMRDA also implemented revised timetables for Line 2A and Line 7 to improve frequency, predictability, and the overall commuter experience. Line 2A will now operate as a standalone corridor between Andheri West and Dahisar East, from 5:50 am to 11 pm, with a peak frequency of six minutes.

Additionally, the integrated Line 7–9 corridor, stretching 19.79 km from Gundavali to Kashigaon, will run from 5:50 am to 11 pm, with a peak frequency of under six minutes, providing 276 services on weekdays.

The inauguration of Lines 9 and 2B marks a new chapter in Mumbai’s urban mobility, promising faster, more efficient, and reliable transportation for commuters across the metropolitan region.

New Delhi, Apr 8: The Reserve Bank of India (RBI) on Wednesday projected the country’s GDP growth for 2026-27 at 6.9%, slightly lower than the 7.6% estimated for 2025-26. The downward revision reflects concerns over elevated commodity prices and supply chain disruptions stemming from the ongoing West Asia crisis.

Announcing the first bi-monthly monetary policy for the new financial year, RBI Governor Sanjay Malhotra highlighted that India’s merchandise exports could face challenges due to interruptions in key shipping routes, alongside rising freight and insurance costs.

Governor Malhotra noted that while India’s domestic economy remains resilient, global uncertainties, particularly in energy and logistics, are likely to influence growth and inflation trends. The RBI continues to monitor external pressures closely to maintain macroeconomic stability while supporting sustainable growth.

The central bank’s cautious outlook underscores the importance of strategic fiscal and trade measures to mitigate the impact of global disruptions and sustain India’s growth momentum in the coming year.

New Delhi, Apr 8: Union Steel Minister H. D. Kumaraswamy has emphasized the urgent need for India’s steel sector to embrace sustainability, green practices, and a circular economy.

Speaking at an industry workshop, he said that traditional growth models are no longer sufficient. The sector must reduce carbon emissions, optimize resource use, and adopt eco-friendly technologies to align with India’s vision of becoming a “Viksit Bharat” (developed nation).

Kumaraswamy also highlighted the role of innovation and research in building a globally competitive steel industry. Encouraging startups and indigenous solutions, he stressed that sustainable practices will not only support growth but also safeguard the environment.

Officials noted that with rising demand for steel in infrastructure and construction, India has a unique opportunity to lead in environmentally responsible manufacturing. By investing in cleaner technologies and efficient processes, the steel industry can achieve growth while minimizing its ecological footprint.

The minister’s message is clear: the future of India’s steel sector lies in smart, sustainable, and inclusive growth, paving the way for a stronger and greener nation.

Apr 8: Odisha has emerged as a leading performer in the implementation of the AMRUT 2.0 scheme, making steady progress in improving urban water infrastructure across the state.

As part of the initiative, seven new water treatment plants with a total capacity of 43 million litres per day have been made operational. These facilities are now supplying cleaner and safer drinking water to nearly 2.83 lakh residents, significantly improving their daily lives.

The progress reflects the state’s strong focus on ensuring reliable water supply in urban areas. With better infrastructure in place, many families are now experiencing improved access to clean water, which is essential for health and overall well-being.

Officials believe that these efforts mark an important step toward building more sustainable and livable cities, while also strengthening public trust in essential services.