The Union Cabinet on Friday approved a Rs 37,216 crore subsidy on phosphatic and potassic (P&K) fertilisers for the Kharif (summer-sown) season this year as part of its efforts to provide soil nutrients at a reasonable rate.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a proposal for fixing the Nutrient Based Subsidy (NBS) rates for Kharif season 2025 (from April 1, 2025, to September 30, 2025,) on Phosphatic and Potassic (P&K) fertilisers.

The Union Cabinet on Friday approved a 2 per cent hike in the Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners, with effect from April 1, 2025.

“The Union approved the release of an additional instalment of DA to central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2025, representing an increase of 2 per cent over the existing rate of 53 per cent of the basic pay/pension, to compensate against price rise,” a press statement said.

Commercial vehicles manufacturer Ashok Leyland said on Friday its defence business has won orders worth more than Rs 700 crore from the Indian Army, “reinforcing the company’s leadership” in the sector.

The vehicles to be supplied will meet the Army’s needs for troop transportation, logistics, and other specialised mobility requirements under the close-in weapon systems programme.

Chinese electric vehicle (EV) manufacturer BYD is preparing to set up a production unit near Hyderabad, according to a report by ETV Bharat on Thursday. This would make Telangana the first Indian state to host a BYD factory. The decision reportedly follows extensive discussions with the state government, which has assured its full support, including land allocation, for the project.

Saudi Aramco is in talks to invest in two planned refineries in India as the world's top oil exporter looks for a stable outlet for its crude in the world's fastest-growing emerging market, several Indian sources with direct knowledge of the matter said.

India, the world's third-biggest oil consumer and importer, wants to become a global refining hub as Western companies cut crude processing capacity in their shift to cleaner fuels.

CLSA sees long-term growth opportunity in Bharti Airtel and Tata Communications' enterprise data business, reaffirming its ‘outperform’ rating on both stocks due to their strong growth focus and capital expenditures (Capex).

In a report titled 'tale of two enterprise businesses', CLSA said that the enterprise data businesses of Bharti Airtel and Tata Communications are both growing and profitable.

Delhi recorded a maximum temperature of 40.5°C on Wednesday, according to data released by the India Meteorological Department (IMD). The temperature in the capital was among the highest recorded across the country, as several regions experienced rising temperatures.

According to IMD data, Ridge in Delhi recorded a temperature of 40.1°C, marking a departure of 6.3°C from the normal range. In Maharashtra, multiple cities recorded temperatures above 40°C.

Union Home and Cooperation Minister Amit Shah on Wednesday, March 26, announced that the government is set to launch 'Sahkar' taxi, a cooperative-run ride-hailing service modelled after Uber and Ola.

Speaking during a debate in Lok Sabha, Shah said the initiative is in line with the Prime Minister's slogan "sahkar se samriddhi" (prosperity through cooperation).

Tamil Nadu Chief Minister MK Stalin has launched a fierce critique on Uttar Pradesh Chief Minister Yogi Adityanath over his recent remarks on the delimitation and three-language policy row.

Stalin took to social media to respond to CM Yogi's remarks in an interview with ANI, saying that Tamil Nadu's echoing voice on the two-language policy and fair delimitation has 'rattled' the BJP.

The Reserve Bank of India (RBI) has imposed monetary penalties on HDFC Bank and Punjab & Sind Bank for non-compliance with its regulatory guidelines, according to the press statement issued by the RBI on Wednesday (March 26). While HDFC Bank is slapped with a ₹75 lakh penalty for violations related to KYC norms, Punjab & Sind Bank was fined ₹68.2 lakh for lapses in reporting large exposures and maintaining basic savings accounts.

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