Business
Centre Enhances Grassroots Initiative to Strengthen the Fisheries Sector
Eligible participants, including fishers, fish farmers, vendors, processors, and microenterprises, are encouraged to register at designated camps on the NFDP to access the benefits provided under PMMKSSY, which has an allocated budget of ₹6,000 crore.
This campaign will span both coastal and inland states across the country.
In collaboration with State/UT Fisheries Departments, the National Fisheries Development Board (NFDB), and Common Service Centres (CSCs), the campaign will organize events in key fisheries hotspots and prospective areas. The focus will be on speeding up the registration process, improving approval rates, and encouraging eligible stakeholders to take advantage of various benefits under PMMKSSY, such as credit facilitation, aquaculture insurance, and performance grants, according to the statement.
PMMKSSY is a Central Sector sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), which has been operational since 2023-2024. Its primary objectives include formalizing the fisheries sector, enhancing access to institutional finance, promoting aquaculture insurance, improving value chain efficiencies, and bolstering fish safety and quality assurance systems.
The NFDP features specific modules for registration, credit facilitation, strengthening fisheries cooperatives, aquaculture insurance, performance grants, traceability, and training and capacity building. To date, over 1.7 million registrations have taken place on the portal. This digital initiative, along with targeted actions under PMMKSSY, is anticipated to boost productivity, expand both domestic and international markets, and guarantee long-term growth for the sector.
By tackling critical challenges such as fragmentation, limited access to credit, and inefficiencies in the value chain, PMMKSSY aims to cultivate a more resilient and sustainable fisheries sector, ultimately enhancing livelihoods for fishers and fish farmers.
The National Fisheries Digital Platform (NFDP) serves as a vital component of this sub-scheme, facilitating the registration of fishers, fish farmers, vendors, processors, and microenterprises, and enabling their integration into formal financial systems and government programs.
Business
Adani Group Achieves EBITDA of ₹89,806 Crore Boosted by Growth in Core Infrastructure Sectors
EBITDA saw an increase of 8.2% compared to the ₹82,976 crore reported by the group’s listed companies in FY24, according to Adani’s statement.
Notably, Adani’s core infrastructure businesses accounted for 82% of total EBITDA. Within the utility segment, Adani Green Energy enhanced its operational capacity by 30% year-on-year, while Adani Power experienced a 20% boost in electricity generation.
The conglomerate reached a capital expenditure peak of ₹1.26 trillion and plans to invest $100 billion over the next six years. “These investments will underscore the group’s commitment to developing long-term infrastructure assets, including renewable energy projects, transmission networks, ports, and a new copper smelter facility,” the company stated.
Jugeshinder ‘Robbie’ Singh, CFO of Adani Group, remarked, “A significant highlight of FY25 is our continued industry-leading Return on Assets of 16.5%, one of the highest in the global infrastructure sector. This demonstrates our strong asset base and the execution capabilities of the Adani portfolio in delivering high-quality assets across various subsectors.”
He also noted, “We have implemented various governance and ESG initiatives, including a Tax Transparency report released by all portfolio companies, alongside other measures taken over recent years, resulting in industry-leading ESG scores as recognized by international rating agencies.”
Adani’s net debt-to-EBITDA ratio improved to 2.6x, down from 3.8x in FY19. The group maintains healthy liquidity, with a reported cash balance of ₹53,843 crore ($6.3 billion), equating to approximately 18.5% of gross debt.
The RBI’s May 2025 monthly bulletin noted, “The decline in FY25 indicates a mature market where foreign investors can easily enter and exit, positively reflecting on the Indian economy.”
Despite the drop in net FDI, gross FDI showed resilience, growing 13.7% year-over-year to reach $81 billion in FY25, compared to $71.3 billion in FY24 and $71.4 billion in FY23, as per RBI data.
The report highlighted India’s emerging role as a “connector country,” positioned to be a vital intermediary in sectors like technology, digital services, and pharmaceuticals. “Amid global trade reconfigurations and shifts in industrial policy, India is increasingly set to play a significant role,” it stated.
“Looking ahead, despite the formidable challenges on the horizon, India is well-prepared to navigate ongoing global headwinds, ready to seize emerging opportunities and strengthen its position as a key driver of global growth,” the report concluded. It also mentioned ongoing trade tensions, increased policy uncertainty, and subdued consumer sentiment as persistent challenges to global growth.
However, in the January–March quarter (Q4 FY25), IndiGo saw a remarkable 61.89% year-on-year increase in consolidated net profit, reaching ₹3,067.5 crore, up from ₹1,894.8 crore in Q4 FY24. Excluding foreign exchange effects, net profit grew by 44.7% to ₹2,981.1 crore compared to ₹2,060 crore in the same quarter last year.
In Q4, revenue from operations climbed by 24.3% to ₹22,151.9 crore, compared to ₹17,825.3 crore in the previous year. The airline’s EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent) surged by 57.5% to ₹6,948.2 crore during this period, with an EBITDAR margin improving to 31.4% from 24.8% in the same quarter last year.
IndiGo also experienced a 21% increase in capacity and a 19.6% rise in passenger numbers, serving 3.19 crore travelers. The load factor inched up to 87.4%, compared to 86.3% in Q4 FY24.
CEO Pieter Elbers commented on the airline’s performance, stating it was a “healthy financial result” for both the fourth quarter and the full year, driven by record passenger volumes, operational efficiencies, and the dedicated efforts of IndiGo’s employees. However, he acknowledged challenges, particularly the impact of Pakistan’s airspace closure and the shutdown of 32 airports in May, affecting around 170 daily flights, 11 of which were operated by IndiGo.
While April started on a positive note, Elbers noted that May might be weaker, but there are expectations of traffic recovery beginning in June. He also announced a recommended dividend of ₹10 per share for IndiGo’s shareholders. Furthermore, a prominent international credit rating agency has assigned IndiGo an investment-grade rating, reflecting its robust balance sheet and consistent performance.
Looking forward, the airline intends to maintain its focus on cost leadership and expand its international operations, including launching services in Europe.
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