The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the continuation of the Interest Subvention (IS) component under the Modified Interest Subvention Scheme (MISS) for the financial year 2025-26, and approved required fund arrangements.
To enhance line capacity, the Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today approved two multitracking projects across Indian Railways to ensure seamless and faster transportation of both passengers and goods.
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the construction of 4-Lane Badvel-Nellore Corridor with a length of 108.134 km at a cost of Rs.3653.10 crore in state of Andhra Pradesh on NH(67) on Design-Build-Finance-Operate-Transfer (DBFOT) Mode.
The Union Cabinet has approved a Rs. 69 per quintal increase in the minimum support price (MSP) for paddy for the upcoming Kharif 2025–26 marketing season, taking the MSP for paddy (common variety) to Rs. 2,369 per quintal.
The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.
On the directions of the Prime Minister of India, Department of Pension & Pensioners’ Welfare had launched an online platform ‘Anubhav’ in March 2015 for sharing the experiences of retiring/retired government employees while working with the Government.
Thereafter, an Annual Awards Scheme, to incentivize and encourage retiring/retired employees to submit their experience through write-ups, was introduced. So far 59 Anubhav Awards and 19 Jury Certificates have been conferred.
National Anubhav Awards Scheme, 2025 was notified and it was unique as for the first time, apart from the employees of Central Government, employees of Central Public Sector Enterprises (CPSEs) and Public Sector Banks (PSBs) were also covered under the scheme to acknowledge their contribution in the nation building.
The write-ups published from 01.04.2024 to 31.03.2025 were considered in the scheme.
Backed by the closely monitored ‘Anubhav Outreach Program’, total 1459 write-ups from record 42 Ministries/Departments/Organizations were published as compared to 30 Ministries/Departments/Organizations in 2023.
Subsequently, a two-tier examination of the published write-ups was undertaken and completed after following due process, thereby finalizing 05 Anubhav Awardees and 10 Jury Certificate winners.
As per the revised calendar, the Quick Estimate of Index of Industrial Production (IIP) will now be released on 28th of every month (or next working day if 28th is a holiday). The index is compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.
Raman Aggarwal has officially taken charge as the Chief Executive Officer (CEO) of the Finance Industry Development Council (FIDC), marking a significant leadership transition for the apex body representing non-banking financial companies (NBFCs) in India.
The appointment has been widely reported across major financial news platforms and industry forums, underlining its importance for the NBFC sector.
Aggarwal’s association with FIDC is both deep and longstanding.
The Finance Industry Development Council (FIDC) is an RBI-registered representative body for asset and loan financing NBFCs in India.
IIFL Finance has received the crucial approval from the Reserve Bank of India (RBI) to open branches and extend its suite of credit services in the Union Territory of Jammu & Kashmir. This regulatory green light marks a significant milestone in the company’s mission to foster financial inclusion and economic revival in regions,
that formal banking channels have long underserved.
The RBI’s approval empowers IIFL Finance to establish a physical presence in Jammu & Kashmir, a region where access to formal credit and essential financial services has historically been limited.
By setting up new branches, the NBFC aims to bridge the financial gap for unbanked and underbanked populations, providing them with tailored credit solutions that address their unique needs.This move is particularly timely, as many communities in the region have faced disruptions to their livelihoods and require reliable financial support to rebuild and grow their business.
Tata Sons Chairman N Chandrasekaran will step down as chairman and director of Tata Chemicals, effective May 29, 2025. The development was disclosed in a regulatory filing by the company.
S Padmanabhan to be new chairman.
At a meeting, the Tata Chemicals Board of Directors formally acknowledged Chandrasekaran’s decision to step down.
Subsequently, it appointed S Padmanabhan, an existing director of the company, as the new chairman, effective May 30, 2025.
Additionally, acting on the recommendations of the Nomination and Remuneration Committee, the board approved the appointment of Modan Saha as an additional director in a non-executive, non-independent capacity.
PayPal Payments Pvt Ltd (PayPal), the Indian subsidiary of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment AggregatorCross BorderExports (PA-CB-E).
This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses,
enabling secure cross-border payments to approximately 200 markets, the company said.
The approval comes as India's exports reached USD 73.8 billion in April 2025, underscoring the increasing momentum in cross-border trade.
With a growing suite of localised offerings, such as PayPal Checkout, PayPal Invoicing and No-Code checkout tools,
PayPal is focused on simplifying global selling for Indian small businesses.
PayPal has a track record of innovating at every major inflection point in commerce over the last 25 years, Abid Murshed, Head of Sales at PayPal India, said.
The in-principle approval allows PayPal to continue offering cross-border payment services within a regulated framework, supporting Indian merchants with enhanced consistency, transparency, and security in their global transactions, it said.
IndiGo airlines appointed Vikram Singh Mehta as the chairman of its board. He will succeed Venkataramani Sumantran, who took charge of the low-cost carrier as chairman three years ago.
Sumantran resigned from the post after completion of his five-year term as a board member, the company said in an exchange filing.
Mehta, a former Indian Administrative Services (IAS) officer, has held key positions including chairman of the Shell Group of Companies in India and CEO of Shell Markets and Shell Chemicals in Egypt. He has also been a board member of several companies.