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Business News Today: Latest Business News, Finance News

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Telangana Cabinet clears new life sciences policy 2026-30
By BL Hyderabad Bureau · 2026-05-24 · via Business News Today: Latest Business News, Finance News

Telangana Cabinet on Saturday approved a new Life Sciences Policy 2026-30 with an aim to make the State one of the top five life sciences hubs in the world. 

The policy will offer a slew of incentives including industry states to research and development (R&D) units. 

The policy also aims at generating 5 lakh jobs and attracting $25 billion investments in the life sciences industry, Ponguleti Srinivas Reddy, Telangana Minister for Information and communication told newspersons on Saturday. 

The cabinet has also approved a proposal to provide mid-day meals to the students of the government junior colleges in the State. Other key decisions included allocation of ₹1,000 crores for arrangements for Godavari Pushkaralu of 2027 (out of which ₹300 crore to be released immediately), approval to the proposals of Discoms to join in the Revamped Distribution Sector Scheme (RDSS) is a Government of India initiative launched to improve the operational efficiencies and financial sustainability of State-owned power distribution companies (DISCOMs).  

Published on May 23, 2026