Oil India Limited has discovered natural gas in the Andaman Sea at the "Sri Vijayapuram-3" exploratory well. This significant find, located 15 km off the Andaman Islands, was confirmed through continuous flaring during initial production testing. The discovery is part of the government's "Samudra Manthan Mission" to boost offshore exploration.
Finance Minister Nirmala Sitharaman affirmed the government's commitment to economic reforms despite global challenges, even as the RBI lowered its FY27 growth forecast. The government highlighted strong FY26 performance and introduced tax exemptions for foreign investors in government securities to attract capital.