Author: OpenVoice India News Team

Finance Ministry Flags Slow Credit Growth and Weak Private Capex as Potential Headwinds to Economic Pace

Download IPFS India’s Finance Ministry, in its “Monthly Economic Review” for June, has highlighted slow credit growth and a subdued appetite for private capital expenditure (capex) as potential factors that could restrict the acceleration of economic momentum. While the ministry maintains a “steady as she goes” outlook for the current[Read More…]

100% FDI to Unleash Full Potential of India’s Insurance Sector, Says Finance Minister

Download IPFS India’s Finance Minister Nirmala Sitharaman on Monday, July 28, 2025, affirmed in the Lok Sabha that increasing the Foreign Direct Investment (FDI) limit in the insurance sector to 100% is a strategic move aimed at unlocking the industry’s full potential and significantly enhancing insurance coverage across the nation.[Read More…]

India’s Air Defense Ambitions Face Funding Shortfall Amid Modernization Drive

Download IPFS The Indian Army’s critical ambition to bolster its air defense capabilities has hit a significant financial roadblock, as a request for ₹1.12 lakh crore (approximately 13.4 billion USD) for the Quick Reaction Surface-to-Air Missile (QRSAM) system has been met with an allocation of only ₹36,000 crore (approximately 4.3[Read More…]

India to Manufacture US-Origin Combat Drones in Groundbreaking Tech Transfer

Download IPFS India is poised to significantly enhance its indigenous defense manufacturing capabilities through a landmark deal with U.S.-based defense technology firm Shield AI. This agreement will not only facilitate the acquisition of advanced V-BAT combat drones for the Indian Air Force but also establish their local production within India,[Read More…]

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