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    Retired Central Government NPS Subscribers with minimum 10 years of qualifying service can claim additional benefits under Unified Pension Scheme (UPS...
    India calls for dismantling of export controls among BRICS members at 15th BRICS Trade Ministers’ Meeting
    GeM Celebrates 8th Incorporation Day
    Port restriction on import of certain goods from Bangladesh to India
    DPIIT Collaborates With GEAPP To Spark Climate- Tech Entrepreneurship In India
    IICA and DGR Successfully Conclude Second Certification Program for Senior Defence Officers on Independent Directorship
    QCOs have earned industry support because they have helped Indian manufacturers access global markets: Shri Piyush Goyal
    IIFT Expands Global Footprint with First Overseas Campus in Dubai
    Changes in Periodic Labour Force Survey (PLFS) from 2025
    IIFCL announces Financial Results for FY 2024-25; Posts Fifth Consecutive Year of Record Performance with ₹51,124 Cr Sanctions and ₹28,501...
    India's stand in the IMF.
    Delhi South CGST officials bust GST ITC fraud worth ₹7.85 crore; Chartered Accountant arrested
    DPIIT and Hafele India Sign MoU to Boost Manufacturing Innovation and Localized Supply Chains.
    Union Minister Shri Piyush Goyal Addresses Columbia India Energy Dialogue
    Repayment of ‘7.72% GS 2025’
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May 30, 2025
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NPS retirees UPS eligibility: additional lump sum and monthly top up benefits; claim via DDO or online before deadline.
Retired Central Government NPS subscribers with at least ten years of qualifying service, or their legally wedded spouse, may claim UPS additions over and above NPS benefits: a one time lump sum based on one tenth of last drawn basic pay plus dearness allowance per completed six months of service; a monthly top up computed as admissible UPS payout plus dearness relief minus the representative annuity under NPS; and arrears with simple interest at applicable PPF rates. Claims can be made physically via DDO using prescribed forms or online through the designated portal; a claim submission deadline is prescribed.
May 23, 2025
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Dismantling export controls among BRICS urged to protect supply chains and ensure equitable, rules-based trade cooperation.
India urged dismantling export controls among BRICS members and elimination of restrictive trade measures that disrupt supply chains, while endorsing a Joint Declaration and annexures reaffirming commitment to equitable, rules-based trade. The Declaration warned that climate-related trade measures must not become unjustifiable discrimination or disguised restrictions. India sought a Permanent Solution for Public Stockholding for food security, promoted its "30 for 30" WTO proposal, called for concessional transfer of Environmentally Sound Technologies with financing, and emphasised Digital Public Infrastructure and data economy governance for inclusive digital transformation.
May 20, 2025
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Public procurement reform expands market access and lowers transactional barriers while institutionalising digital transparency and support.
GeM has reformed public procurement operations by reducing and capping seller fees, exempting or lowering deposit requirements for lower-turnover vendors, and largely removing transaction charges, thereby expanding access for MSEs, artisans, women entrepreneurs and startups. Concurrently, GeM's nationwide adoption and state mandates combined with IFMS integrations establish interoperability and compliance across procurement systems, while deployment of analytics for fraud detection and a multilingual generative AI chatbot enhance transparency, monitoring, and user support.
May 19, 2025
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Port restrictions on imports from Bangladesh confine specified goods to designated seaports and bar entry via listed land crossings.
Imposition of port restrictions limits entry points for specified imports from Bangladesh: all ready made garments are barred from land ports and allowed only via Nhava Sheva and Kolkata seaports; fruit drinks, processed foods, certain cotton and plastic goods, and wooden furniture are prohibited through specified LCSs/ICPs in northeastern states and certain West Bengal LCSs; fish, LPG, edible oil and crushed stone are exempt; transit goods destined for Nepal and Bhutan are not subject to these restrictions.
May 17, 2025
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Memorandum of Understanding to support climate-tech startups with funding, mentorship and market linkages under a government-industry partnership.
A two-year Memorandum of Understanding between DPIIT and GEAPP establishes a framework to support early-stage climate-tech startups by facilitating funding access, mentorship, pilot opportunities and market linkages, with provision for extension. GEAPP will launch the Energy Transitions Innovation Challenge (ENTICE) as a competitive platform to identify high-impact solutions and channel investment support through partner investors, while DPIIT will connect the program to the Startup India network and government schemes to enable outreach and ecosystem integration.
May 17, 2025
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Independent Director training enables senior defence officers to transition into corporate governance roles and contribute to boards.
IICA and DGR ran a two week certification programme for thirty senior defence officers to orient them on corporate governance and the roles and responsibilities of Independent Director, with the objective of enabling veterans to contribute to corporate boards. The programme highlighted the convergence of military ethics and corporate governance, promoted entrepreneurship and MSME engagement, and aimed to build capacity for veterans to assume governance roles within the corporate sector.
May 16, 2025
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Quality Control Orders: industry seeks extended timelines and expanded testing infrastructure for electrical appliance compliance under new safety requirements.
Implementation of Quality Control Orders for electrical appliances is being advanced while industry raises operational concerns-ambiguity over coverage of DC and battery operated appliances, lack of product manuals and testing labs for listed items, limited domestic certification capacity, tight certification timelines, and legacy stock issues. Industry proposed notifying QCOs on finished goods first, mapping manufacturing capacity, and a phased rollout. DPIIT is considering timeline extensions, coordinating with the standards body to streamline testing and certification, and seeking proposals to expand accessible testing infrastructure to ensure efficient, affordable compliance for MSMEs.
May 16, 2025
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Internationalisation of Indian education expands as IIFT opens Dubai campus after required approvals and NOCs enabling cross border operation.
Establishment of an overseas campus is authorised following requisite approvals and No Objection Certificates, enabling the Indian Institute of Foreign Trade to found a full fledged campus in Dubai; these regulatory clearances form the operative legal basis for cross border campus establishment aligned with national policy on internationalisation, with the campus intended to serve as a strategic centre for education, research and training in international trade and to strengthen educational diplomacy and global academic collaboration.
May 14, 2025
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Labour market statistics modernization expands monthly and quarterly reporting and redesigns PLFS sampling to improve representativeness.
The PLFS sampling design and dissemination have been revamped from January 2025 to deliver monthly all India CWS estimates of Labour Force Participation Rate, Worker Population Ratio and Unemployment Rate, extend quarterly CWS estimates to both rural and urban areas, and shift annual reporting to calendar year coverage. The redesign implements a larger multistage stratified sample with districts as primary strata where possible, increased households per FSU, and a four month rotational panel; users must consider these methodological changes when comparing pre 2025 and post 2025 PLFS results.
May 10, 2025
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Record infrastructure lending growth drives IIFCL's strongest financial position and improved asset quality in the latest year.
IIFCL recorded a fifth consecutive year of record performance with materially higher annual sanctions and disbursements, strengthened net worth that expands lending capacity, and its highest-ever profitability. The loan portfolio and investments in infrastructure bonds and InvITs increased to support longer tenor debt for projects. Asset quality improved substantially with lower gross and net NPA ratios, a higher proportion of externally rated assets at investment grade, robust provision coverage, and a Capital to Risk weighted Assets Ratio well above regulatory requirements.
May 10, 2025
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Misuse of funds risk raised; concern that lending could enable state sponsored cross border terrorism, prompting abstention.
India challenged IMF lending to Pakistan on grounds of repeated program failures, weak implementation and monitoring, and Pakistan's heavy indebtedness undermining program effectiveness. India also warned that entrenched military control of economic affairs raises the risk that fungible inflows could be misused for state sponsored cross border terrorism, creating reputational risks for donors and pointing to a need for stronger procedural safeguards; the IMF noted India's statements and abstention.
May 8, 2025
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GST Input Tax Credit fraud uncovered, revealing circular trading and credential misuse prompting arrest and ongoing statutory investigation.
Investigations revealed a network of over eighty GSTINs, including a core group of thirty-one engaging in circular trading with no real supplies, linked to a Chartered Accountant who centralised login credentials and filings; searches seized electronic devices, uncovered non-existent firms, and led to arrest under the CGST Act, 2017 while inquiries continue to identify beneficiaries of ineligible Input Tax Credit.
May 8, 2025
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Memorandum of Understanding strengthens local manufacturing and startup support, enabling mentorship, sourcing and market access.
A Memorandum of Understanding between DPIIT and Hafele India creates a two year strategic collaboration to bolster manufacturing and innovation by supporting startups and MSMEs. Hafele will provide investments, supplier development, infrastructure access, technical collaboration and market integration while DPIIT will enable ecosystem access via Startup India and co branding. The MoU contemplates commercial engagement with Indian suppliers and allows extension by mutual agreement, effecting a time bound public private partnership to build resilient local supply chains and integrate domestic manufacturers into global value chains.
May 7, 2025
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Common But Differentiated Responsibilities: call for developed nations to fulfil climate finance and technology transfer commitments.
Obligations under international climate frameworks and the principle of Common But Differentiated Responsibilities are emphasised, urging developed countries to deliver climate finance, concessional funding, and technology transfer. India stresses timely international reporting, early achievement of renewable energy targets, and regulatory measures including a unified interconnected national grid and a framework for resilient data centres to enable greater clean energy integration.
May 3, 2025
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Repayment at par of government security: holders must provide bank details or tender discharged security for payment.
Security is repayable at par on maturity with no interest thereafter; if a State declares a holiday under negotiable instruments law, payment will be made on the previous working day. Maturity proceeds to holders in SGL/CSGL or stock certificate form will be paid by pay order incorporating bank account particulars or by electronic credit; holders must submit bank particulars in advance. Absent such particulars, holders may tender duly discharged securities at designated paying offices or specified bank branches twenty days before the due date to facilitate repayment.

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