July 1, 2025 -

Small Savings Schemes Interest Rates Announcement for July–September Quarter FY26

July 1, 2025

On June 30, 2025, the Ministry of Finance announced that the interest rates for various small savings schemes—including Public Provident Fund (PPF), National Savings Certificate (NSC), and others—will remain unchanged for the second quarter (July–September) of FY2025–26. This marks the sixth consecutive quarter that the interest rates have been maintained at the same levels, signaling …

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Commercial Vehicle Industry Expected to Grow 3–5% in FY26: ICRA

July 1, 2025

India’s commercial vehicle (CV) industry is poised for a modest recovery in FY26, with 3–5% year-on-year (Y-o-Y) growth in wholesale volumes, according to a report released by credit rating agency ICRA. This anticipated rebound comes after a 1.2% decline in FY25 and is driven by improved construction, infrastructure activity, and a stable economic outlook. However, …

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Bank Lending to Industry Slows to 4.9% Amid Broader Economic Caution

July 1, 2025

In a recent development highlighting signs of economic caution, the Reserve Bank of India (RBI) reported a significant slowdown in bank credit growth to various sectors, including industry, services, and personal loans. According to the RBI’s sectoral credit report for the fortnight ended May 30, 2025, bank lending to industry grew by only 4.9%, a …

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India’s Bank GNPAs Fall to Multi-Decade Low of 2.3%: RBI

July 1, 2025

The Reserve Bank of India (RBI) has reported that gross non-performing assets (GNPAs) in the banking sector declined to a multi-decade low of 2.3% in March 2025, down from 2.6% in September 2024. However, the central bank warned that GNPAs could rise to 2.6% by March 2027, according to its biannual Financial Stability Report (FSR). …

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Reliance Infra and Coastal Mechanics Launch Defence MRO Hub in Maharashtra

July 1, 2025

In a major boost to India’s defence sector, Reliance Defence, a subsidiary of Reliance Infrastructure, has partnered with U.S.-based defence contractor Coastal Mechanics Inc. (CMI) to establish a cutting-edge Maintenance, Repair, and Overhaul (MRO) facility in Maharashtra. The joint venture will focus on upgrading air and land defence platforms for the Indian armed forces and …

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SBI to Solarize 4 Million Indian Homes by 2027

July 1, 2025

In a significant push toward India’s clean energy transition, the State Bank of India (SBI) has announced its ambitious goal of solarizing 4 million homes by the financial year 2026–27. This initiative is part of SBI’s broader sustainability vision aligned with India’s Net Zero 2070 commitments. The announcement came as SBI celebrated its 70th anniversary, …

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India’s GST Collections Hit Record ₹22.08 Lakh Crore in FY25

July 1, 2025

India’s Goods and Services Tax (GST) regime, implemented in 2017, has shown remarkable growth in revenue collections. In a landmark achievement, gross GST collections reached a record high of ₹22.08 lakh crore in the financial year 2024–25 (FY25), doubling from ₹11.37 lakh crore in FY21. This milestone not only highlights India’s economic recovery and robust …

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India’s First Wooden Gurdwara Opens in Fazilka, Symbol of Devotion and Design

July 1, 2025

In a heartfelt tribute to faith and service (seva), India’s first-ever wooden Gurdwara, Sri Nanak Niwas, has been built in Fazilka, Punjab, inside the police lines. Constructed entirely from imported Finnish Deodhar wood, the shrine stands as a unique architectural marvel and spiritual sanctuary, attracting devotees from across the country and beyond. This one-of-a-kind Gurdwara …

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India Hosts First ASEAN–India Cruise Dialogue to Strengthen Maritime Ties

July 1, 2025

In a landmark step to enhance regional connectivity and tourism, India hosted the first-ever ASEAN–India Cruise Dialogue in Chennai on July 1, 2025. Organized aboard the cruise ship MV Empress at Chennai Port, the dialogue witnessed participation from over 30 delegates representing all 10 ASEAN nations and Timor Leste, aiming to bolster maritime cooperation, sustainable …

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Rear Admiral V Ganapathy Takes Command of MILIT Pune

July 1, 2025

Rear Admiral V Ganapathy, a distinguished officer of the Indian Navy, has officially assumed command of the Military Institute of Technology (MILIT), Pune. The appointment comes at a pivotal moment as India’s armed forces push for deeper integration and technological advancement in line with the ethos of jointness. With his rich operational and academic background, …

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Daily Archives: July 1, 2025

Small Savings Schemes Interest Rates Announcement for July–September Quarter FY26

Commercial Vehicle Industry Expected to Grow 3–5% in FY26: ICRA

Bank Lending to Industry Slows to 4.9% Amid Broader Economic Caution

India’s Bank GNPAs Fall to Multi-Decade Low of 2.3%: RBI

Reliance Infra and Coastal Mechanics Launch Defence MRO Hub in Maharashtra

SBI to Solarize 4 Million Indian Homes by 2027

India’s GST Collections Hit Record ₹22.08 Lakh Crore in FY25

India’s First Wooden Gurdwara Opens in Fazilka, Symbol of Devotion and Design

India Hosts First ASEAN–India Cruise Dialogue to Strengthen Maritime Ties

Rear Admiral V Ganapathy Takes Command of MILIT Pune

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