Cabinet clears Rs 1 lakh crore Urban Challenge Fund to drive market-led city infrastructure push

The Union Cabinet has approved the launch of the Urban Challenge Fund (UCF) with a total Central Assistance of Rs 1 lakh crore, aimed at driving market-linked urban infrastructure development and catalysing investments worth around Rs 4 lakh crore over the next five years.The fund marks a shift in urban development model away from grant-based…

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India’s goods exports likely to contract by 1% in FY26, service exports too slowed: Report

India’s goods exports are expected to contract by around 1 per cent in FY26, compared to a marginal growth registered last year, according to a report by CareEdge Ratings.The report highlighted that while goods exports have weakened in recent months, services exports have continued to remain healthy and resilient, but they have also slowed down.It…

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