Economy National

All Government Scheme Funds to Route via Single Nodal Agency

By BPN News Desk March 3, 2025

In a significant move to enhance financial efficiency and transparency, Finance Minister Nirmala Sitharaman has mandated that, starting from the next fiscal year, all government scheme and project funds will be routed through a single nodal agency (SNA). This directive aims to streamline fund flow, reduce redundancies, and ensure better fiscal management across various

International

UK and France Push Ukraine Peace Plan for U.S. Approval

By BPN News Desk March 3, 2025

In a significant diplomatic move, the United Kingdom and France have collaboratively developed a peace proposal aimed at resolving the ongoing conflict in Ukraine. This initiative seeks the endorsement of U.S. President Donald Trump to ensure a comprehensive and lasting resolution. European Leaders Advocate for Ukraine Peace Plan British Prime Minister Keir Starmer and

International

Ukraine and EU Finalize Critical Mineral Deal Amid Global Supply Chain Shifts

By BPN News Desk March 3, 2025

Ukraine and the European Union (EU) have reached a significant agreement to secure the supply of critical minerals essential for various industries, including renewable energy, electronics, and defense manufacturing. This deal is expected to strengthen supply chains, reduce dependency on external sources, and enhance economic resilience amid shifting global trade dynamics.

Finance

India on Track to Achieve $10 Trillion Economy Within a Decade: Finance Commission Chief

By BPN News Desk March 2, 2025

Arvind Panagariya, Chairman of the 16th Finance Commission, has expressed confidence in India’s trajectory toward becoming a $10 trillion economy within the next decade. Speaking at the 49th Civil Accounts Day celebrations in New Delhi, Panagariya highlighted India’s robust economic performance over the past two decades, noting an average annual growth rate of

Finance

RuPay Captures 16% of India’s Credit Card Market, Boosted by UPI Integration

By BPN News Desk March 2, 2025

RuPay, India’s indigenous payment network, has achieved a significant milestone by capturing approximately 16% of the country’s total credit card spending. Notably, nearly half of these transactions are facilitated through the Unified Payments Interface (UPI), highlighting the growing integration of RuPay credit cards with UPI’s seamless payment system.

Trade

Indian Pharmaceutical Alliance Advocates for Zero Tariffs on U.S. Pharma Imports Amidst Trade Tensions

By BPN News Desk March 2, 2025

In a strategic move to mitigate potential trade tensions and foster a more balanced pharmaceutical trade relationship, the Indian Pharmaceutical Alliance (IPA) has urged the Indian government to eliminate import tariffs on pharmaceutical products from the United States. This proposal comes in the wake of U.S. President Donald Trump’s announcement of imposing at least

International

Indian Trade Group Proposes Diversifying Gold and Silver Imports to Strengthen U.S. Ties

By BPN News Desk March 2, 2025

In a strategic move to diversify India’s sources of precious metals, a prominent Indian trade group has recommended that the government consider shifting a portion of its gold and silver imports to the United States. This proposal aims to reduce reliance on traditional suppliers and strengthen economic ties with the U.S. The recommendation comes amid […]

Uncategorized

India to Expedite Defence Procurement Process by June 2025

By BPN News Desk March 2, 2025

The Ministry of Defence announces reforms to streamline defence procurement, aiming to reduce timelines and promote indigenous manufacturing under the 'Atmanirbhar Bharat' initiative.

State News

Uttarakhand Avalanche: Four Dead, 50 Workers Rescued; Search Continues for Five Missing Laborers

By BPN News Desk March 2, 2025

A devastating avalanche struck near Mana village in Uttarakhand’s Chamoli district on February 28, 2025, impacting a Border Roads Organisation (BRO) workers’ camp engaged in highway construction close to the India-China border. The incident resulted in the tragic loss of four workers, while 50 others were successfully rescued. Rescue operations are ongoing to

Business

Gujarat Hosts Mega Semiconductor Conference and IESA Vision Summit 2025

By BPN News Desk March 2, 2025

From March 5-7, 2025, Gujarat will host the Gujarat SemiConnect Conference and IESA Vision Summit, attracting global semiconductor leaders, investors, and policymakers to Gandhinagar to discuss advancements and investments in the semiconductor industry.