Union Minister of State for Science and Technology, Dr Jitendra Singh, today highlighted that there are around 10,000 biotechnology startups in India, contributing to an estimated 165 billion dollar bioeconomy. Speaking at the 13th Biotechnology Industry Research Assistance Council (BIRAC) Foundation Day, Dr Singh noted that India is being recognised globally for its remarkable progress in space and biotechnology. He also reaffirmed the government’s commitment to advancing science, technology, and the bioeconomy.

Dr Jitendra Singh highlighted India’s pioneering role in space medicine, making it one of the first countries to engage in this cutting-edge field. He emphasised the Department of Biotechnology’s collaboration with ISRO as a key milestone, underscoring its significance in advancing research and innovation in space medicine. The minister also showcased India’s remarkable biotech achievements, including the success of the COVID-19 vaccine, as well as advancements in TB, malaria, and haemophilia vaccines, further strengthening the nation’s impact in global healthcare. Additionally, he emphasised BioE3’s crucial role in driving biotech innovation and economic growth.

The Bureau of Indian Standards (BIS), the National Standards Bodies of India, is ready to release the annual program for Standardisation (APS) for the year 2025-26. It follows stakeholder consultations conducted by BIS from 5 March to 11 March 2025, where representatives of 40 ministries and 84 industry associations participated and shared valuable insight and recommendations through brief presentations.

The APS 2025-26 will include new standards to be developed and the existing standards to be revised in the coming year will be included. BIS has also introduced a digital interface that allows stakeholders to upload proposals and track their progress. The effort aligns with continuous efforts to increase the adoption rate of more than 23,000 standards developed by BIS, which ensures globally approved quality in various fields.

Recently, while addressing the stakeholder meeting, the Director General of BIS, Mr. Pramod Kumar Tiwari urged the representatives of the ministries and industry associations to actively contribute to the development of the proposed standards and nominate relevant experts whenever needed. He said, “The annual program for standardization 2025-26 will not only provide the facility of required standardization with a concentrated strategic approach, ensuring that the priority is given to the topics of special concern, Rather, these standards will also promote widely adopting and easy implementation. “

India continues to rank among the top textile-exporting nations, holding a 4% share in global textiles and apparel exports. In a written reply to a question in Lok Sabha on Friday, the Ministry of Textiles reported a 7% increase in textile and apparel exports, including handicrafts, from April to December 2024, compared to the same period the previous year. Key export markets for Indian textiles—namely the USA, European Union, and UK—accounted for 53% of total exports during FY 2023-24.

To strengthen India’s position in the global textile market, the government has introduced several key initiatives. Among them is the PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks Scheme, aimed at building world-class textile infrastructure. The Production Linked Incentive (PLI) Scheme, focusing on MMF fabric, apparel, and technical textiles, seeks to boost large-scale manufacturing. Other efforts include the National Technical Textiles Mission, which emphasizes research and market development, and SAMARTH, a capacity-building program designed to provide placement-oriented skilling in the textile sector.

In a significant milestone, India crossed the record annual coal output of 1 billion tonnes (bt) on Thursday to hit 1.03 bt, constituting a 5.24 per cent uptick over the total production of 953.3 million tonnes in 2023-24.

The landmark that comes days ahead of this financial year’s end, was driven by a 1.3 per cent rise in Coal India’s output, albeit on a large base, along with a substantive 29 per cent growth in the production of the energy-laden sedimentary rock by privately owned captive and commercial coal mines.

India has sent machinery valued at one million US dollars to Suriname as a component of its development partnership aimed at fostering the growth of the nation’s Passion fruit industry. In a social media post, Ministry of External Affairs Spokesperson Randhir Jaiswal said that the initiative is to bolster the India-Suriname development partnership.

The Unified Logistics Interface Platform (ULIP) has achieved a major milestone, recording over 100 crore API transactions, marking a significant step towards building a tech-driven logistics ecosystem in India, the Ministry of Commerce & Industry said in a statement on Wednesday.

ULIP, launched under the National Logistics Policy (NLP) by Prime Minister Narendra Modi in September 2022, aims to create an integrated, efficient, and technology-enabled logistics sector. Since its inception, ULIP has connected 43 systems from 11 ministries through 129 APIs, covering more than 1,800 data fields.

Union Minister of Commerce & Industry, Piyush Goyal, said, “ULIP’s success wouldn’t have been possible without the collaborative efforts of users, logistics stakeholders, and government departments who are leveraging API integrations to create impactful solutions. This milestone brings to life our Prime Minister’s vision of a seamless logistics ecosystem that strengthens Ease of Doing Business and positions Bharat as a global trade and manufacturing powerhouse.”

The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, and Kyndryl Solutions Pvt Ltd, have signed a Memorandum of Understanding (MoU) to accelerate innovation and scale India’s startup ecosystem. The partnership will focus on supporting startups in the manufacturing and IT sectors by leveraging Kyndryl’s expertise in digital transformation and Generative AI solutions.

Speaking on the occasion, Joint Secretary, DPIIT, Shri Sanjiv, stated that this collaboration marks an important step in fostering an innovation-driven startup ecosystem in India. By leveraging Kyndryl’s global expertise and enterprise solutions, DPIIT aims to support startups in scaling their operations and driving technological advancements across industries.

Under this partnership, startups will be empowered through mentorship, infrastructure support, and market access, enabling them to integrate their solutions into enterprise ecosystems across industries such as automotive, pharmaceuticals, BFSI, oil & gas, and government services. Kyndryl will institutionalize dedicated programs to support digital product startups, AI-driven innovators, and entrepreneurs.

Hyperloop is an emerging technology and is at nascent stage of development. The technical and safety parameters of Hyperloop are yet to be framed worldwide. Hyperloop is expected to be faster, more energy efficient and sustainable than other transportation modes. As an initiative, Research Designs and Standards Organisation (RDSO), a unit under Ministry of Railways, has signed Memorandum of Understanding (MoU) with IIT/Madras with a funding of Rs.20.89 crores for setting up a Centre of Excellence for Hyperloop technology with the objective of development of sub scale model of Pod, Test Track & Vacuum Tube facility of the futuristic full-scale Hyperloop at IIT/Madras for validation of this technology.

This information was given by the Union Minister of Railways, Information & Broadcasting and Electronics & Information Technology Shri Ashwini Vaishnaw in a written reply in Lok Sabha today.

The BCCI has announced a cash reward of Rs 58 Crore for Team India after its ICC Champions Trophy 2025 triumph, recognizing the efforts of players, coaching staff, and selectors.

Under Rohit Sharma’s leadership, India dominated the tournament with four convincing wins. It defeated Bangladesh and Pakistan by six wickets each, secured a 44-run victory over New Zealand, and overcame Australia by four wickets in the semifinal before winning the final against New Zealand.

India has won 23 of its last 24 completed matches in ICC men’s limited-overs tournaments. Its only defeat came in the 2023 ODI World Cup final against Australia, snapping a 10-match winning streak in that tournament.

Capital markets regulator Sebi on Wednesday said it has reduced the minimum investment amount for Zero Coupon Zero Principal (ZCZP) instruments on the Social Stock Exchange from Rs 10,000 to Rs 1,000.

ZCZP are instruments for donating money to non-profit organizations (NPOs) listed on the SSE. The move aims to enhance retail participation in social impact investments.

"Based on recommendations of the Social Stock Exchange Advisory Committee and public comments received in respect of the consultation paper...it is decided to review the existing minimum application size for subscribing to Zero Coupon Zero Principal Instruments from Rs 10,000 to a lower amount i.e. Rs 1,000," Sebi said in a circular.