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Bihar CM Samrat Choudhary urges people to give up power subsidy
Bihar CM Samrat Choudhary announced the escalating subsidy costs related to the free electricity scheme. He encouraged consumers who can afford it to relinquish the subsidy. The state plans to conduct a drive to reach out to consumers regarding this appeal. Opposition leaders criticized the government and its financial decisions amidst rising costs. The government aims to redirect savings from the subsidy towards essential sectors like education.
Battery PLI scheme achieves just 1.4 GWh capacity against 50 GWh target, faces delays: NITI Aayog report
The report, titled "Impact Assessment of PLI Schemes", prepared by NITI Aayog in collaboration with IIM Ahmedabad, said the Rs 18,100 crore scheme has witnessed slower-than-expected progress due to technological limitations, dependence on imports and delays in setting up manufacturing facilities.
Telangana to provide gig workers Rs 5 lakh accident cover, Rs 10 lakh health insurance: Rahul Gandhi
Telangana has announced a new welfare scheme aimed at supporting gig workers in the state. The initiative includes accident insurance amounting to Rs 5 lakh and health insurance of Rs 10 lakh. Workers will receive 1% of each transaction for their deliveries directly into their bank accounts. This payment will be facilitated through a dedicated gig workers' board.
SIT to probe 57,000 'fake' housing scheme beneficiaries: Bengal CM Suvendu Adhikari
West Bengal's Chief Minister Suvendu Adhikari announced an investigation into fake beneficiaries of the Banglar Bari scheme. He stated that 12,000 fake beneficiaries had illegally received housing scheme funds during the previous government. A committee led by retired judge Biswajit Basu will probe the corruption allegations regarding the housing project. Adhikari urged remaining beneficiaries to return the money to avoid legal action by the deadline.
CM Mann announces Rs 518 crore power bill relief for 24 lakh Punjab families ahead of 2027 polls
Punjab Chief Minister Bhagwant Mann announced a One-Time Settlement scheme for domestic electricity consumers which could benefit many families. The scheme waives all penalties on outstanding electricity bills to provide significant financial relief. Consumers will be required to pay only the principal amount of their pending bills. Additionally, the scheme will restore electricity connections that were previously disconnected due to unpaid bills.
India's PLI schemes meet 76% investment target but create just 28% of promised jobs
Despite significant investments under the production-linked incentive scheme, India is falling short of its job creation ambitions. With 76% of targeted investments realized, job generation lags at a mere 28%. The government aims to bolster the manufacturing sector and attract foreign firms, yet the persistent youth unemployment poses a daunting obstacle. This gap between manufacturing gains and actual employment opportunities underscores the ongoing struggle within India's economy.
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Indiramma Housing Scheme 2026: Telangana offering 2,400 flats for Rs 3.5 lakh; check locations, eligibility, how to apply and last date
Indiramma Housing Scheme 2026 Apply Online: Telangana's Indiramma Housing Scheme 2026 has announced a housing scheme of 2,400 affordable flats across five urban locations. The flats are available at an estimated beneficiary contribution of Rs 3.5 lakh. Check city-wise locations, eligibility criteria, application process, beneficiary status and the December 5, 2026 deadline.
CAG widens audit net to assess outcomes of govt schemes, urban mobility
The Comptroller and Auditor General is conducting cross-ministry audits to assess outcomes in areas such as ease of doing business, logistics, education and urban mobility. The reports, covering schemes implemented between 2021 and 2026, will offer recommendations to improve delivery. The auditor is also examining DISCOMs' financial and operational performance and developing in-house AI tools to assist audit work.
PLI schemes achieve 76% of investment target, 64% of production goal: Niti Aayog
The production-linked incentive (PLI) scheme has achieved 76% of its investment target and 64% of its production target, with electronics, telecom and pharmaceuticals emerging as strong performers, Niti Aayog said. As of March 2026, the scheme had attracted ₹2.40 lakh crore in investments, generated production worth ₹22.66 lakh crore and created over 8.49 lakh jobs.
Rent-a-Cab rules eased, fleet can have just five cars
The government believes lowering the threshold will encourage small entrepreneurs, startups and local operators to enter the market. Existing operators will also be able to expand into new locations using a smaller fleet of just five cars. The proposals are part of the draft Rent-a-Cab Scheme 2026, which is set to replace the country's 37-year-old regulatory framework from 1989.
For a greener future, bring back coal cess
Electricity demand is expected to grow 6.4% annually till 2030, making a rapid coal exit near-impossible. A coal cess will signal India is pricing its carbon dependence. It could also reduce carbon costs exporters face at the border. Britain has recognised India's Carbon Credit Trading Scheme (CCTS) for carbon-price relief under its CBAM. The EU is yet to do so. A cess could strengthen India's case for similar relief, while retaining more carbon revenue at home to fund the energy transition.
22 firms chase 10 GWh battery prize under PLI scheme
The Centre's production-linked incentive scheme for advanced chemistry cell manufacturing has received bids from 22 companies. These bids aim to establish giga-scale manufacturing facilities in India. The scheme is part of a larger target to achieve 50 GWh of manufacturing capacity. The Ministry of Heavy Industries is managing the two-stage bidding process transparently. This initiative seeks to strengthen domestic battery manufacturing capabilities and attract international investments.
Bank of Baroda hikes FD interest rate to up to 6.85%: Check latest rates for general, senior and super senior citizens
Bank of Baroda has increased its interest rate on the 555-day special deposit scheme by 10 basis points. This adjustment allows depositors to earn a maximum interest rate of 6.85%. Senior citizens can receive an interest rate of 7.35%, while super senior citizens benefit from 7.45%. Other banks, including ICICI Bank and HDFC Bank, have also revised their FD interest rates recently.
NPCI to use merchant fees to boost UPI acceptance among small shops
In an effort to boost digital payments, NPCI has launched the UPI Vyapaar Saksham Scheme targeting small businesses in tier-3 to tier-6 towns, including regions like Jammu and Kashmir. This three-year initiative will leverage merchant fees to incentivize banks for onboarding new merchants, aiming to roll out millions of new QR codes and soundboxes, thereby significantly increasing transaction volumes in underserved markets.
Road ministry proposes a simplified Rent-a-Cab scheme 2026; to replace the 1989 scheme
The proposed draft Rent-a-Cab Scheme 2026, which comes into force from January 2027, reduces the minimum fleet requirement to 5 compared to 50 mandated earlier, extends its coverage to even rental cars with or without drivers and provides for online licensing, time-bound approvals, stringent safety, insurance and operational requirements and formal grievance redressal mechanism.
ASEAN to launch joint oil product stockpiling scheme as early as 2027, Nikkei reports
In a move to bolster regional energy security, ASEAN nations plan to roll out a collective oil stockpiling project by 2027. This initiative will establish crucial storage locations in Indonesia and Thailand, enabling member states to share resources. Initially, during emergencies, the Philippines will access diesel and gasoline from these shared reserves.
Best focused mutual funds to invest in November 2026
Focused funds have a concentrated portfolio. That means that the fund manager will choose stocks based on his or her conviction and take a meaningful exposure in the stock. Such investments can pay off handsomely if the call goes right. However, if a few calls go wrong, the scheme will suffer a lot. This is the trouble with concentrated bets.
Cabinet approves extending credit guarantee fund for micro units, and Stand up India scheme; Aqua Line metro rail corridors extension gets nod
The Union Cabinet has extended the Credit Guarantee Fund for Micro Units and Stand-Up India schemes by five years until 2031, approving a corpus of Rs 5,000 crore and Rs 4,111 crore, respectively. The extensions are expected to facilitate Rs 12.6 lakh crore in Mudra loans and support at least 2.5 lakh additional women, SC and ST entrepreneurs.
Cabinet extends Stand-Up India Scheme till 2031, approves Rs 4,111 crore corpus to support 2.5 lakh more entrepreneurs
The Union Cabinet has extended the Stand-Up India Scheme to support women and marginalized entrepreneurs. This extension will last for five years, ultimately reaching till March 31, 2031. The scheme aims to provide financial assistance to an additional 2.5 lakh entrepreneurs during this period. Eligible entrepreneurs can avail loans between Rs 10 lakh and Rs 1 crore with significant loan coverage.
SCSS vs MIS for senior citizens: Which scheme provides higher income on Rs 15 lakh investment? See calculations
Investment choices for senior citizens can include the Senior Citizens Savings Scheme and the Post Office Monthly Income Scheme. Notably, SCSS boasts an attractive interest rate of 8.2%, while MIS offers 7.4%. If you invest Rs 15 lakh in SCSS, you'd accumulate Rs 6.15 lakh in interest over five years, compared to Rs 5.55 lakh through MIS. This difference highlights an additional earnings potential of Rs 60,000 through SCSS.
Government extends ₹2,700-crore PLI scheme for medical devices till 2035-36, eases eligibility norms
The government has extended the ₹2,700-crore production-linked incentive (PLI) scheme for domestic medical device manufacturing until 2035-36 and invited fresh applications with relaxed eligibility and investment conditions. The revised rules remove the minimum sales threshold for claiming incentives and lower the minimum investment requirement to attract more manufacturers.
NTPC sole applicant in second round of coal gasification scheme
The second round of applications for the coal gasification scheme saw participation from only NTPC Ltd. In contrast, the first round attracted five companies, highlighting a change in interest levels. The scheme aims to reduce import dependence while supporting the production of industrial feedstocks from domestic coal. NTPC's involvement is considered a positive sign amidst limited interest from other firms.
Government invites fresh applications under Rs 2,700 crore medical device PLI scheme
The government is inviting new applications under the Production Linked Incentive Scheme for Medical Devices. This scheme has been extended until 2035-36 with an outlay of Rs 2,700 crore. Eligibility conditions have been simplified, and new applicants can submit multiple applications across different target segments. The revised scheme aims to enhance domestic manufacturing of high-end medical devices and improve global competitiveness.
NTPC submits two coal gasification project proposals under govt's Rs 37,500 crore scheme
NTPC Limited has submitted proposals to establish coal gasification projects for producing urea, methanol, and dimethyl ether. The Ministry of Coal announced that applications for the third round will open on November 10. January 11, 2027, is set as the deadline for these applications. The government's initiative aims to expand domestic production and support the broader use of indigenous resources.
Best tax saving mutual funds or ELSS to invest in November 2026
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
Rare earth magnet scheme: Coal India, IRP seek no sops; other contenders include ReNew, Prozeal
The scheme will run for seven years from the date of award, including a two-year gestation period for setting up an integrated manufacturing facility, and five years for incentive disbursement on the sale of REPM. These magnets are among the most powerful in the world and are widely used in electric vehicles, wind turbines, high-end electronics, aerospace and defence systems.
Taxpayers fret over loose ends in amnesty scheme, seek CBDT clarity on foreign asset disclosure rules as deadline nears
Many taxpayers are unsure if they need to report various accounts due to ambiguous regulations. Clarification is being sought from the Central Board of Direct Taxes regarding ownership versus authority, among other things.
No More Zeroes: Govt plans to extend ZED certification scheme to services sector MSMEs
In a significant move, the Indian government is widening its Zero Defect Zero Effect certification initiative to include service enterprises in the MSME sector. This strategy will target key industries like transport, hospitality, and healthcare with approximately 20 predefined quality metrics. Furthermore, specialized standards for MSME exporters will ensure they meet global quality benchmarks, ultimately empowering these businesses in the international marketplace.
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