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India Launches Navachar Mantra to Power Grassroots Innovation

Newsmantra — Thu, 04 Jun 2026 06:26:00 +0000

NEW DELHI. The Ministry of Skill Development and Entrepreneurship (MSDE) has officially launched Navachar Mantra, a landmark national initiative designed to identify, nurture, and scale grassroots innovations and early-stage entrepreneurship across India. Unveiled by Union Minister of State Jayant Chaudhary at IIT Delhi, the programme places a unique focus on empowering untamed talent from Tier-2 and Tier-3 cities, aspirational districts, and rural communities. Implemented by NIESBUD with IIT Delhi’s Foundation for Innovation and Technology Transfer (FITT) as the technical knowledge partner, the initiative aims to bridge the gap between rural ingenuity and national scale by building deep collaborations among government bodies, academia, and industry leaders.

During the launch, which featured an insightful fireside chat with top Indian founders, Minister Chaudhary emphasized that the next global transformation should carry India’s intellectual imprint, urging the youth to look beyond manufacturing and instead pioneer technologies that shape the global future. The program targets critical priority sectors including Agritech, HealthTech, EdTech, Climate and Sustainability, and MSME Enablement, effectively connecting local problem-solvers directly with policymakers, corporate leaders, and investors. Digital applications for the initiative have officially opened and will remain active until July 5, 2026, kicking off a multi-stage expert evaluation process to select high-potential ventures.

Selected innovators will enter a comprehensive, year-long engagement programme packed with dedicated mentorship roundtables, thematic webinars, investor networking sessions, and national storytelling platforms. Beyond strategic guidance on fundraising, intellectual property management, and regulatory compliance, the initiative will facilitate physical pilot projects and market linkages to turn raw ideas into profitable enterprises. Navachar Mantra will ultimately culminate in a massive national showcase event, utilizing ministerial podcasts and digital campaigns to grant grassroots creators high-visibility recognition, thereby strengthening the talent pipeline for a self-reliant, innovation-driven Viksit Bharat.

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Jan Seva Expansion: Over 10 Lakh Beneficiaries Trained in Milestone Civil Service Reform

Newsmantra — Wed, 03 Jun 2026 13:27:52 +0000

NEW DELHI. Building on this massive foundation of over 10 lakh trained beneficiaries, the next phase of the Jan Seva programme focuses on embedding standard operating procedures for citizen-centric governance across diverse regional contexts. By leveraging the initial success within the Central Government, the Capacity Building Commission is establishing a robust ecosystem of digital learning and localized workshops. This strategy ensures that the core tenets of Mission Karmayogi—empathy, accountability, and efficiency—are not lost in translation as the initiative decentralizes. The rollout is meticulously designed to adapt to regional languages and specific administrative challenges, making the concept of *”seva bhaav”* practically applicable for a local revenue officer in a rural district just as it is for a high-ranking bureaucrat in a state capital.

To sustain this momentum across States, UTs, and PSUs, the CBC is introducing a data-driven monitoring framework to evaluate the long-term impact of these behavioral interventions. This involves continuous feedback loops from the public, peer-to-peer assessment modules, and regular refresher courses for the newly minted master trainers. By shifting the bureaucratic paradigm from a rule-bound mindset to a role-based, citizen-first approach, the expanded Jan Seva programme aims to create a highly responsive public delivery system. Ultimately, this nationwide scaling will transform the day-to-day interactions between the government and its citizens, turning the milestone of 10 lakh trained officials into a catalyst for a completely reimagined civil service culture.

#CapacityBuilding #MissionKarmayogi #SevaBhav #ViksitBharat#Radha Chauhan #Alka Mittal

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Expert Lecture Highlights Scriptural Lessons on Leadership and Mentoring

Newsmantra — Wed, 03 Jun 2026 06:19:20 +0000

Dr. Debasis Satapathy, Executive Director of NBCC (India) Ltd., delivered an expert lecture titled Lessons from Indian Scriptures on Mentoring and Coaching for Transformational Leadership at the Capacity Building Commission (CBC). During the session, he highlighted essential traits for transformational leaders by drawing upon insightful anecdotes from ancient Indian knowledge systems. The event was well-attended by key dignitaries, including CBC Member Dr. Alka Mittal, CBC Secretary Shri Jagdeep Gupta, and other members of the CBC team.

#CapacityBuilding #MissionKarmayogi #SevaBhav #ViksitBharat

Radha Chauhan | Alka Mittal |

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PM Modi Inaugurates IndianOil’s Malkapur Terminal to Bolster Telangana’s Energy Security

Newsmantra — Thu, 14 May 2026 07:43:16 +0000

HYDERABAD – In a significant boost to India’s energy landscape, Prime Minister Shri Narendra Modi has officially inaugurated IndianOil’s state-of-the-art Malkapur Terminal in Hyderabad, Telangana. This landmark project represents a vital stride toward the vision of a Developed India (#ViksitBharat) by modernizing the nation’s fuel distribution network.

Constructed with an investment of Rs 611 crore, this pipeline-fed terminal is designed to streamline energy logistics across the region. By transitioning to a more efficient supply chain, the facility is expected to slash annual logistics costs by approximately Rs 290 crore.

Economic and Environmental Impact

The Malkapur Terminal is not just an industrial milestone but a major win for environmental sustainability and regional development:

Operational Efficiency: The terminal will provide seamless fuel access to 23 districts across Telangana, ensuring a steady energy supply for local industries and consumers.

Carbon Footprint Reduction: By optimizing transport routes and utilizing pipeline delivery, the project will reduce CO2 emissions by an estimated 27,000 MT annually.

Job Creation: Beyond infrastructure, the terminal is a catalyst for the local economy, generating significant direct and indirect employment opportunities for the youth in the state.

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PM Modi Highlights Massive Infra Push at Noida Airport Launch

Newsmantra — Mon, 30 Mar 2026 05:52:15 +0000

NEW DELHI. Prime Minister Shri Narendra Modi said the government is making unprecedented investments in modern infrastructure to build a “Viksit Bharat”, while inaugurating the first phase of Noida International Airport in Uttar Pradesh. He noted that the infrastructure budget has increased more than six-fold in the past 11 years, with over ₹17 lakh crore spent on highways and more than one lakh kilometres of roads constructed.

The Prime Minister highlighted major progress in rail, port and waterway connectivity, including linking the Kashmir Valley and North-East capitals to the rail network. Developed at an investment of around ₹11,200 crore under the PPP model, the Noida International Airport is one of India’s largest greenfield airport projects and is expected to boost regional connectivity and economic growth.

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NITI Aayog Releases 11 Reports on Pathways to Viksit Bharat and Net Zero

Newsmantra — Thu, 12 Feb 2026 10:07:02 +0000

NEW DELHI. NITI Aayog has released a series of 11 study reports on “Scenarios towards Viksit Bharat and Net Zero” over February 9–10 at the Ambedkar International Centre, New Delhi, in the presence of senior officials from NITI Aayog, the agriculture sector and State Governments, followed by a panel discussion on “Climate Transition and Social Implications Across Sectors.” Three reports were unveiled on Day 1, four during the first session of Day 2, and the final four on the afternoon of February 10 in the presence of Dr. Ramesh Chand, Member, NITI Aayog; B.V.R. Subrahmanyam, CEO, NITI Aayog; Dr. Mangi Lal Jat, Secretary, Department of Agricultural Research and Education and Director General, ICAR, along with a virtual address by Dr. V.K. Paul, Member, NITI Aayog. The concluding set of reports covering Buildings, Agriculture, Waste and Social Implications underscores that India’s journey to Net Zero must be people-centric, balancing climate goals with economic growth and livelihood protection. The Buildings report highlights that over 80 percent of the floor space projected for 2070 is yet to be built, making early interventions in design and materials crucial to avoid future energy inefficiencies and heat stress; the Agriculture report advocates a carefully sequenced transition beginning with resource efficiency to safeguard farmers’ incomes; the Waste report outlines a roadmap for emission reduction through circular economy measures including universal waste collection and waste-to-Bio-CNG conversion; while the Social Implications report examines impacts on land use, jobs and health, stressing the importance of a just and equitable transition.

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NMDC Celebrates 100% Placement for Bastar Youth, Advancing Skill Development and Nation Building

Newsmantra — Mon, 09 Feb 2026 11:36:25 +0000

HYDERABAD. NMDC Limited marked a significant milestone in its commitment to skill development and inclusive growth by successfully placing all 80 youth from the Bastar division of Chhattisgarh, who completed job-oriented training under the NMDC-CIPET Skill Development initiative. The first batch, drawn from various districts including Dantewada, Sukma, Narayanpur, Kondagaon, and Bijapur, was felicitated in a ceremony attended by senior NMDC leadership, including Chairman & Managing Director Shri Amitava Mukherjee, along with representatives from CIPET. These young individuals, many from modest backgrounds, expressed how the training not only provided employment opportunities but also instilled confidence and a sense of belonging in the country’s growth story, empowering them to pursue sustainable livelihoods and better futures.

The programme, implemented as part of NMDC’s CSR efforts, aims to transform the lives of unemployed and tribal youth by equipping them with industry-relevant skills in fields such as plastics technology, through comprehensive training at no cost. The initiative emphasizes inclusivity by setting a minimum qualification of Class 8, ensuring that dropouts and youth from economically weaker sections are not excluded from the skilling ecosystem. The success of this first batch underscores the effectiveness of the initiative, which is designed to create a skilled local workforce capable of contributing to the region’s development and NMDC’s broader vision of building an Atmanirbhar Bastar and a Viksit Bharat.

During the event, senior leaders highlighted the transformative impact of such skilling programmes. Shri Mukherjee emphasized that witnessing the youth from Bastar entering formal employment reaffirmed the importance of opportunity in shaping lives and strengthening the nation’s growth. Leaders like Shri Vinay Kumar and Shri Joydeep Dasgupta also spoke about NMDC’s integral role in Chhattisgarh’s development journey and encouraged students to pursue continuous learning and entrepreneurship. The programme, funded entirely by NMDC and in partnership with CIPET, aims to train 500 youth from Dantewada and Bastar districts, fostering employability and local industry growth, and exemplifying the company’s commitment to sustainable development and nation building.

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PHDCCI Hosts Post-Budget Session on Union Budget 2026–27

Newsmantra — Thu, 05 Feb 2026 14:08:05 +0000

New Delhi, 4 February 2026: PHD Chamber of Commerce and Industry (PHDCCI) organised a Post-Budget Session on Union Budget 2026–27 on 4 February 2026, bringing together senior government officials, economists and industry leaders to examine the Budget’s reform priorities, fiscal roadmap and implications for business and growth.

Addressing the session Sh. Arvind Shrivastava, IAS, Revenue Secretary, Ministry of Finance, said the Union Budget 2026–27 marks a structural redesign of India’s tax administration framework, aimed at empowering taxpayers while reducing procedural friction and discretionary intervention. He highlighted reforms such as extended timelines for revised and updated returns, the ability to update returns even during reassessment proceedings, combined issuance of assessment and penalty orders, and settlement mechanisms to reduce disputes. He also outlined the transition from transaction-based scrutiny to trust-based, entity-level compliance supported by digital systems, audits and risk-based monitoring for importers, exporters, authorised economic operators and customs warehouses.

The macroeconomic context of the Budget was outlined by Dr. V. Anantha Nageshwaran, Chief Economic Adviser, Government of India, said the Budget continues the accelerated reform momentum underway since early 2025 and reflects strong alignment with the Economic Survey. He highlighted the emphasis on urbanisation with cities as economic systems, sustained support for MSMEs through credit guarantees, payment discipline and dedicated manufacturing funds, and targeted policy backing for manufacturing in a geopolitically fragmented world. He also pointed to continued fiscal consolidation, record infrastructure investment of ₹12.2 lakh crore and improving sovereign credit metrics that together support stable, non-inflationary growth.

Speaking on growth and industry impact, Sh. Anil Gupta, Senior Vice President, PHDCCI, said the Budget has been presented at a pivotal moment for the Indian economy and reinforces the Government’s commitment to fiscal prudence, growth acceleration and the vision of Viksit Bharat. He highlighted the strong focus on capital expenditure, infrastructure and manufacturing, including measures such as the ₹10,000 crore SME Growth Fund, revival of legacy industrial clusters and the Viksit Bharat Rozgar Yojana, alongside the positive impact of recent trade agreements on industry and employment.

Sharing industry feedback on direct taxes, Sh. Mukul Bagla, Chair, Direct Taxes Committee, PHDCCI, said the Budget reflects constructive stakeholder engagement, with several industry recommendations incorporated. He highlighted measures such as reduction in TCS rates, extended timelines for revised and updated returns, taxation of buyback proceeds as capital gains, exemption for compulsory acquisition of land, rationalisation of penalties and a lower stay-of-demand requirement, all of which enhance certainty and reduce litigation. He also flagged concerns around high effective personal tax rates, delays in faceless appeals and challenges in rectifying legacy demands, calling for further administrative improvements.

Sh. Ashok Batra, Chair, Indirect Taxes Committee, PHDCCI, said the indirect tax proposals address several long-pending industry concerns despite a limited number of amendments. He highlighted the redefinition of intermediary services to allow export benefits, faster provisional refunds in inverted duty cases, and rationalisation of post-sale discount provisions as measures that will significantly reduce GST litigation. He also welcomed customs duty rationalisation, extended validity of advance rulings, simplified warehousing procedures and relief measures for exporters, while underscoring the need for early resolution of legacy GST disputes.

Sh. Gurmeet Chadha, Chair, BFSI Committee, PHDCCI, said the Budget underscores the quality of government borrowing, with net borrowing broadly aligned with capital expenditure, signalling a clear focus on infrastructure-led growth rather than revenue spending. He noted that India’s macroeconomic position remains structurally strong with high growth and low inflation, and welcomed the momentum in trade negotiations as a positive signal for long-term investors and capital markets.

Ms. Pallavi Dinodia, Co-Chair, Direct Taxes Committee, PHDCCI, said Budget 2026 represents a decisive shift towards a simplified and trust-based tax regime. She welcomed the implementation of the new Income Tax Act from 1 April 2026, streamlined return-filing timelines, the one-time foreign asset disclosure amnesty, rationalisation of TCS on foreign remittances and alignment of ICDS with Ind AS. She emphasised that timely notification of rules and faster disposal of pending appeals will be critical to deliver the intended ease of compliance.

Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI, said the Union Budget 2026–27 reflects months of rigorous institutional effort, extensive data analysis and continuous stakeholder consultation. He placed on record PHDCCI’s appreciation for the team led by Hon’ble Finance Minister Smt. Nirmala Sitharaman and emphasised that effective on-ground implementation through close government–industry partnership will be critical to translating policy intent into tangible outcomes.

On the occasion, PHDCCI released its analytical publication on Union Budget 2026–27, outlining the Budget’s fiscal stance, capital expenditure strategy, infrastructure and manufacturing priorities, employment initiatives and the evolving framework for federal finances, while the discussions underscored that effective implementation and sustained government–industry collaboration will be crucial to translating these policy measures into tangible economic outcomes.

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SCOPE welcomes an inclusive, reforms-oriented futuristic budget 2026, expanding opportunities and responsibility for Public Sector

Newsmantra — Mon, 02 Feb 2026 07:45:47 +0000

NEW DELHI. Standing Conference of Public Enterprises (SCOPE), compliments the Union Finance Minister for presenting a reform oriented inclusive and futuristic Union Budget 2026 that reinforces growth momentum and advances the vision of an Aatmanirbhar & Viksit Bharat. SCOPE welcomes the emphasis on long-term over short term thrust with sustained focus on capex, infrastructure development, MSME incentivisation, industry aligned skills, technology & innovation. The Budget also expands the opportunities for the Public Sector in the roadmap for a self-reliant developed India with sector-specific initiatives in many areas including infrastructure equipment & projects, manufacturing of electronic components, rare earths, mining, hi-tech tool rooms, Artificial Intelligence, Carbon Capture Units and production of hi-tech devices for divyangjan, while placing greater responsibility to drive capex, MSMEs and R&D.

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Govt To Set Up High Level Committee To Review The Banking Sector

Newsmantra — Mon, 02 Feb 2026 07:35:58 +0000

NEW DELHI. Highlighting the robustness of the country’s financial sector during Union Budget 2026-27 presentation in Lok Sabha today, the Finance Minister said, the government has decided to set up High Level Committee on Banking for Viksit Bharat to comprehensively review the banking sector and to safeguarding financial stability, inclusion and consumer protection. She said, the government will take further steps to improve the scale and efficiency of the public sector NBFC.

The Finance Minister said that the government will restructure the Power Finance Corporation and Rural Electrification Corporation. She also said that total return swaps on corporate bonds will be introduced for suitable access to funds and derivatives on corporate bond indices. She said, an incentive of 100 crore rupees for a single bond issuance of more than 1000 crore rupees will be provided to encourage the issuance of municipal bonds of higher value by large cities.

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