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Delhi may miss the biggest e-bus roll-out

Mint Hyderabad

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November 21, 2025

The 2,800 electric buses allocated to Delhi under the PME-Drive scheme meant to electrify public transport hangs in the balance, as the city government has yet to meet a crucial condition under the incentive plan.

- Manas Pimpalkhare

Delhi has not fulfilled its payment security mechanism requirement under the scheme, which asks states and Union territories to create a direct debit mandate (DDM) with the Reserve Bank of India (RBI). Without fulfilling this condition, the city will not be eligible for the country’s largest e-bus tender for 10,900 buses under the ₹10,900-crore PME-Drive scheme.

Under the PM E-Drive scheme, DDM allows RBI to automatically deduct money from a state or UT’s account and ensure timely payments to the bus suppliers.

MEER VERHALEN VAN Mint Hyderabad

Mint Hyderabad

RBI governor stays guarded on crypto

India will maintain a guarded stance on cryptocurrencies and stablecoins even as it accelerates support for homegrown digital payment systems such as UPI, NEFT and the digital rupee, Reserve Bank of India governor Sanjay Malhotra said on Thursday.

time to read

1 min

November 21, 2025

Mint Hyderabad

US needs skilled migrants to teach tech, says Trump

US will ‘welcome’ skilled immigrants who will ‘teach’ American workers about complex tech

time to read

1 mins

November 21, 2025

Mint Hyderabad

Bajaj's arm hires CIO from Kotak

The alternative investment management arm of the Bajaj Group, one of India’s oldest conglomerates, hired a chief investment officer (CIO) from Kotak Alternate Asset Managers Ltd, according to people familiar with the matter, underscoring an intensifying talent battle in the $169 billion asset management industry.

time to read

1 min

November 21, 2025

Mint Hyderabad

Inside the hot new Dubai restaurant run by an AI chef

The mastermind behind Woohoo's food and drinks menu is a $1 million-plus large language model that also does podcasts

time to read

3 mins

November 21, 2025

Mint Hyderabad

Curbs on risky drugs’ online ads

sultative Committee chaired by DCGlon 17 November.

time to read

1 mins

November 21, 2025

Mint Hyderabad

Standardize expenditure heads by FY28: CAG tells states

CAG's move is aimed at overhauling India's public finance system.

time to read

1 min

November 21, 2025

Mint Hyderabad

Rupee falls 23 paise at 88.71 against USD

The rupee depreciated 23 paise to close at 88.71 (provisional) against the US dollar on Thursday, on broad strength of the American currency and fading odds of a rate cut by the US Federal Reserve.

time to read

1 min

November 21, 2025

Mint Hyderabad

How a delay in possession of homes affects loans, taxes

Delays are likely to reduce tax savings and wipe out the leverage advantage of home loans

time to read

4 mins

November 21, 2025

Mint Hyderabad

Govt moves to curb online ads, self-medication of risky drugs

The government is planning a sweeping overhaul of drug-advertising rules to curb self-medication, unsafe sales and rising antimicrobial resistance, according to two officials and a document reviewed by Mint.

time to read

1 mins

November 21, 2025

Mint Hyderabad

Bluechips lift Street to a 13-month high

Eyes on Q3 earnings as Nifty crosses 26,200, FPIs turn positive

time to read

1 mins

November 21, 2025

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