Cabinet approves Rs 14,447 crore new 6-lane elevated corridor along Ganga in Varanasi

IANS | July 15, 2026 3:56 PM

New Delhi, July 15 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the development of a link corridor between National Highway-19 (NH-19) and the Varanasi Ring Road with riverbank connectivity along the River Ganga for the decongestion of Uttar Pradesh's Varanasi city at a total capital cost of Rs 14,447.64 crore, which will include a civil construction cost of Rs 6,037.85 crore and a land acquisition cost of Rs 541.11 crore under NH(O).

Cabinet approves Rs 62,500 crore mobile phone manufacturing scheme

IANS | July 15, 2026 3:55 PM

New Delhi, July 15 (IANS) The Union Cabinet -- chaired by Prime Minister Narendra Modi -- on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore to scale up domestic production, boost exports and strengthen India's position as a global electronics manufacturing hub.

Cabinet okays Rs 10,998 crore project for 43 km link corridor to decongest Varanasi

IANS | July 15, 2026 3:27 PM

New Delhi, July 15 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the development of a 43.218 km link corridor connecting NH-31 and the Varanasi Ring Road along the River Varuna for decongestion of Uttar Pradesh's Varanasi city, with a total investment of Rs 10,998.32 crore.

RBI Ombudsman Scheme allows compensation of up to Rs 33 lakh for service lapses

IANS | July 15, 2026 3:26 PM

New Delhi, July 15 (IANS) Customers whose complaints against banks or other financial institutions remain unresolved can now approach the Reserve Bank of India (RBI) under its new Integrated Ombudsman Scheme, which allows compensation of up to Rs 33 lakh in cases involving proven financial loss and service deficiencies.

India-UK trade pact to boost exports, jobs and services sector: WTC Mumbai Chairman

IANS | July 15, 2026 2:50 PM

Mumbai, July 15 (IANS) The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA), which came into effect on Wednesday, is expected to provide a major boost to India's exports, employment and services sector by offering near-complete tariff-free access to the UK market, World Trade Centre (WTC) Mumbai Chairman Vijay Kalantri said on Wednesday.

Patanjali Foods shares plunge 20 pc, hit over six-year low

IANS | July 15, 2026 2:13 PM

Mumbai, July 15 (IANS) Shares of Patanjali Foods tumbled as much as 20 per cent on Wednesday, hitting a fresh 52-week low and their lowest level since April 2020, before recovering some of the losses later in the trading session.

Why China can’t break away from US dollar

IANS | July 15, 2026 1:52 PM

New Delhi, July 15 (IANS) There is no escape from the US dollar for China even as Beijing propagates a 'de-dollarisation' campaign to promote its own currency, the renminbi, to settle payments in international trade and debt repayments.