₹24K Cr Agri Plan Cleared
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🗞️ Cabinet Approves ₹24,000 Cr Agri Boost, ₹27,000 Cr for Renewables
The Union Cabinet cleared ₹24,000 crore for the PM Dhan Dhaanya Yojana to modernise agri infra and an additional ₹27,000 crore push for renewable energy, aiming at cleaner growth. The decision also celebrates astronaut Shukla’s recent space feat.
🗞️ NLCIL Gets Norms Relaxation to Scale Renewable Energy Play
The Cabinet has relaxed investment rules for NLC India Ltd, paving the way for bigger renewable projects and faster transition from coal to green energy.
🗞️ RBI’s 3-Day VRRR Auction Sees Low Response Again
The RBI’s latest 3-day Variable Rate Reverse Repo auction again fell short of target — indicating liquidity remains tight despite surplus signs.
🗞️ PM Dhan Dhaanya Yojana: Key Facts
Here’s what you should know: the new agri plan will create modern storage, boost farmer incomes and address supply chain gaps.
🗞️ Sugar Output to Surge 15%: ICRA
India’s sugar output is expected to jump 15% this year, but mill margins may stay moderate due to cost pressures, says ICRA.
🗞️ Non-Life Insurance Premium Rises 5.2% in June
Non-life insurance premiums grew 5.2% YoY in June 2025 — a sign of steady uptick in coverage demand.
🗞️ Indian Overseas Bank Cuts Lending Rates
Indian Overseas Bank reduced its MCLR by 50 bps across tenors, offering cheaper loans for retail and MSME borrowers.
🗞️ UPI-PayNow Linkage Widens with 13 More Banks
The NPCI International added 13 banks under the UPI-PayNow bridge, boosting India-Singapore cross-border remittance ease.
📊 Market Updates – July 16, 2025
📈 Sensex: 82,634 ▲ +0.08%
📈 Nifty 50: 25,212 ▲ +0.25%
💵 USD/INR: ₹85.94 ▶ stable
🪙 Gold (24K): ₹99,930/10g ▶ flat
🪙 Silver: ₹1.14 lakh/kg ▲ +0.5%