SEBI Chairman Tuhin Kanta Pandey said portfolio management services (PMS) in India have the potential to grow at more than 20% annually as wealth creation and investor participation deepen. He also highlighted the distinct roles of PMS, mutual funds and alternative investment funds in India’s evolving investment landscape.
NITI Aayog and Assam’s GBSIPRD organised a national workshop on strengthening Panchayats as engines of grassroots development. Discussions focused on decentralised governance, GIS-based planning, digitalisation, capacity building and better implementation of government schemes in line with the Viksit Bharat@2047 vision.
DGCA has issued a new Civil Aviation Requirement (CAR) prescribing ground and flying training for pilots seeking licences in the gyroplane category. The framework is a key step towards introducing gyroplane operations in India, with potential applications in joyrides, air experience flights, agricultural spraying, surveillance and survey missions.
India’s solar manufacturing sector has emerged as a major success story, with $16 billion invested over the past 18 months, according to a Rhodium Group report. Despite potential US anti-dumping and countervailing duties, India’s growing domestic solar market could help absorb additional production and support the industry’s expansion.
Millions of people in Pakistan remain outside the formal credit system despite demand for financing from small businesses, farmers, gig workers and low-income households, according to a report. Technology-driven lending, alternative data and digital financial services could help expand access, but stronger consumer protection, data governance and risk management are also needed.
Gold and silver prices traded lower on MCX on Tuesday, with bullion prices under pressure from elevated US Treasury yields and geopolitical uncertainty surrounding the US-Iran standoff. Gold futures fell 0.33% to ₹1,48,410 per 10 grams, while silver declined 0.93% to ₹2,25,338 per kg.
Assam CM Himanta Biswa Sarma highlighted ₹778 crore investment in the state, saying it is creating local employment and strengthening the farm-to-industry value chain. He cited the journey of Assam-grown potatoes into Lay’s packets as an example of local produce reaching wider markets.
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