Industry Urges PLI scheme to Boost Domestic Electric Air Taxi Production

Jet Fuel Price Jumps; Commercial LPG Slips Again

Aviation turbine fuel (ATF) became markedly dearer on 2 July as state owned retailers raised the price by Rs 6,271.50 a kilolitre, lifting the Delhi rate to Rs 89,344.05 a kl—a 7.5 per cent jump that reverses roughly half the reductions secured since April. Mumbai now pays Rs 83,549.23 a kl, while Chennai and Kolkata face Rs 92,526.09 and Rs 92,705.74 respectively; variations reflect local VAT.The increase follows a surge in global oil benchmarks after Israel’s recent strike on Iran and will squeeze airlines, for whom fuel accounts for about 40 per cent of operating cos..

RXIL Crosses Rs 2 Trillion in MSME Invoice Financing

Receivables Exchange of India Ltd (RXIL), a leading TReDS platform backed by SIDBI and the National Stock Exchange, has surpassed Rs 2 trillion in cumulative invoice financing for micro, small, and medium enterprises (MSMEs). This milestone underscores the growing reliance on formal, tech-driven credit solutions within India’s MSME ecosystem.In FY2024–25 alone, RXIL facilitated invoice financing worth Rs 805 billion, with over 44,000 MSMEs registered across 1,600 postal codes. Since inception, the platform has enabled the discounting of over 8.85 million invoices.RXIL’s stakeholders incl..

Chhattisgarh OKs 2025 Logistics Policy For Export Hub

The Chhattisgarh Cabinet has cleared the State Logistics Policy 2025, a framework designed to turn the centrally located state into a major logistics and export hub while aligning with India’s National Logistics Policy.Deputy Chief Minister Arun Sao said the policy centres on reducing logistics costs, improving industrial competitiveness and lifting export capacity. Key measures include building dry ports and inland container depots to help micro, small and medium enterprises connect quickly with domestic and overseas markets.Investment incentives and land facilitation are expected to at..