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Govt to scrap renewables' contracts if found unviable

Mint Bangalore

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November 05, 2025

MNRE said any cancellations will be phased after all viable options are fully explored

- Rituraj Baruah

As the government moves to cancel unviable renewable energy project contracts, the ministry of new and renewable energy (MNRE) on Tuesday clarified that any such cancellations will be phased and undertaken only after all viable options for executing power sale and purchase agreements (PSAs and PPAs) are fully explored.

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Treks, digs, new vistas to draw tourists

Trekking trails in the Himalayas and the Ghats, archaeological sites such as the Indus Valley Civilisation excavations in Gujarat and Haryana, and Buddhist sites in the Northeastern states are among places the Centre has proposed for thematic tourism.

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1 mins

February 02, 2026

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Power surge for beleaguered discoms: ₹18,000 crore for reforms

The government has allocated ₹18,000 crore in the budget for FY27 for the revamped distribution sector scheme (RDSS) amid a renewed push to reform power distribution.

time to read

3 mins

February 02, 2026

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The budget's focus on capabilities reveals its long view

The macroeconomic numbers for India’s economy would be the envy of others.

time to read

3 mins

February 02, 2026

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Centre to retain states’ share of central taxes at 41% for FY27-31

The central government has decided to retain states’ share in the central government's divisible pool of taxes at 41% for the five-year period starting FY27, in line with the recommendations ofthe Sixteenth Finance Commission (SFC) chaired by economist Arvind Panagariya.

time to read

2 mins

February 02, 2026

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Budget balancing of capex, deficits

build domestic capacity in key intermediate goods such as pharmaceuticals, rare earths, semiconductors, electronic components, and chemicals.

time to read

1 min

February 02, 2026

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The budget adheres to a tried and tested formula

India's 2026-27 budget may broadly be apt for now. But as fiscal policy adopts a distant debt target, the Centre must remain adaptive—and ready to contain any big-spender instincts

time to read

2 mins

February 02, 2026

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STILL BUILDING: CAPEX TAP KEEPS FLOWING

₹12.2 trillion allocated for infrastructure development in FY27, an increase of 8.83% from last year's ₹11.21 trillion

time to read

3 mins

February 02, 2026

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Duty breaks to boost battery production

Finance minister Nirmala Sitharaman announced a slew of exemptions on basic customs duty (BCD) for equipment and raw material imported to develop a domestic clean power ecosystem.

time to read

2 mins

February 02, 2026

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Sindoor effect: India’s capital outlay for defence jumps 18%

India has increased the capital outlay for defence by about 18% to nearly ₹2.2 trillion for the financial year starting 1 April (FY27), as the country looks to acquire sophisticated weapons and modernise its military assets amid rising security risks.

time to read

2 mins

February 02, 2026

Mint Bangalore

Shock to the system: Power sector funders to get a rejig

Finance minister Nirmala Sitharaman on Sunday announced the restructuring of state-owned Power Finance Corp. (PFC) and its arm REC Ltd (formerly Rural Electrification Corp.), as part of the government's broader vision for non-banking financial companies (NBFCs).

time to read

2 mins

February 02, 2026

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