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August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
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August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
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August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.

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News and Press Release

Key Indicators of Employment and Unemployment in India, 2011-12

June 20, 2013

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The National Sample Survey Office (NSSO), Ministry of Statistics and Programme Implementation has released the key indicators of Employment and Unemployment in India, from the data collected in its 68th round survey conducted during the period July 2011 - June 2012. The NSS surveys on employment and unemployment are conducted quinquennially starting from 27th round (October 1972 - September 1973) and the last quinquennial survey was conducted in NSS 66th round (July 2009- June 2010) for which, the results have already been released. The NSS 68th round was the ninth quinquennial round on the subject. The detailed results of surveys on employment and unemployment are usually brought out by the NSSO through a number of reports. In order to make available the salient results of the surveys, well in advance of the release of its reports, for use in planning, policy formulation, decision support and as input for further statistical exercises, the NSSO has released the key indicators.

The indicators are based on the Central Sample of 1,01,724 households (59,700 in rural areas and 42,024 in urban areas) surveyed from 7,469 villages in rural areas and 5,268 urban blocks spread over all the States and Union Territories except (i) interior villages of Nagaland situated beyond five kilometres of the bus route and (ii) villages in Andaman and Nicobar Islands which remained inaccessible throughout the year.

In defining the lead indicators of Labour force participation rate (LFPR i.e. ratio of labour force to population), Worker Population Ratio (WPR i.e. ratio of workforce to population), Proportion Unemployed (PU i.e. ratio of unemployed to population) and Unemployment Rate (UR i.e. ratio of unemployed to labour force) in NSS surveys, persons are classified into various activity categories on the ba­sis of the activities pursued by them during certain speci­fied reference periods. Three reference periods used in NSS surveys are (i) one year (ii) one week and (iii) each day of the reference week. Based on these three periods, three different mea­sures of activity status are arrived at. Activity status determined on the basis of reference period of one year is known as the Usual Status (US) of a person, that determined on the basis of a reference period of one week is known as the Current Weekly Status (CWS) of the person and the activity status determined on the basis of the activities pursued by a person on each day during the reference week is known as the Current Daily Status (CDS) of the person. In US approach, there are two indicators viz. one based on principal activity called Usual Principal Status (ps) and other based on both principal and subsidiary activities taken together termed as Usual Status (ps+ss). The unit of measurements in case of US and CWS is persons and in case of CDS, it is person-days. The key indicators on employment and unemployment based on 68th round along with the comparable indicators of 66th round and estimated persons/person-days (in million) in labour force, in workforce and unemployed corresponding to these two rounds are given in Annexure -I and Annexure –II respectively.

These indicators and also the other important statistics relating to distribution of workers according to employment status and industry and also on wage rates of regular wage/salaried employees and casual labourers from the survey are summarized as below:

1.  Labour force participation rate (LFPR) in Usual Status (ps+ss)

  • About 40 per cent of population belonged to the labour force - 41 per cent in rural areas and 37 per cent in urban areas.
  • LFPR for males was nearly 56 per cent and it was 23 per cent for females.
  • LFPR was about 55 per cent for rural males and about 56 per cent for urban males. It was about 25 per cent for rural females and about 16 per cent for urban females.

2.  Worker Population Ratio (WPR) in usual status (ps+ss)

  • WPR was 39 per cent at the all-India level- 40 per cent in rural areas and 36 per cent in urban areas.
  • WPR for males was nearly 54 per cent and it was 22 per cent for females.
  • WPR was nearly 54 per cent for rural males and 25 per cent for rural females. It was nearly 55 per cent for urban males and 15 per cent urban females.

3.  Unemployment rate (UR) in usual status (adjusted)

  • UR in the usual status (ps+ss) termed as UR in usual status (adjusted) was nearly 2 per cent at the all-India level. It was about 2 per cent in rural areas and about 3 per cent in urban.
  • In the rural areas, UR for both males and females were almost at the same level (nearly 2 per cent) while in urban areas, UR for females was about 5 per cent as compared to 3 per cent for males.

4.  Growth in employment between 66th round and 68th round:

According to the usual status (ps+ss), the workforce at the all-India level, was about 459.0 millions (rural male: 231.9, rural female:104.5, urban male: 99.8 and urban female: 22.8) as on 1st January 2010 (NSS 66th round) which increased to 472.9 millions (rural male: 234.6, rural female:101.8, urban male:109.2 and urban female: 27.3) as on 1st January 2012 (NSS 68th round), indicating a growth of about 13.9 millions of the workforce at the all-India level between 66th round and 68th round.

5.  Distribution of usual status (ps+ss) workers by employment status

  • In the total workforce of usual status (ps+ss) at the all-India level, the shares of self-employed, regular wage/salaried employees and casual labour were 52 per cent, 18 per cent and 30 per cent, respectively.
  • In the rural areas, the shares of self-employed, regular wage/salaried employees and casual labour were 56 per cent, 9 per cent and 35 per cent, respectively.
  • In the urban areas, the shares of self-employed and regular wage/salaried employees were 42 per cent and 43 per cent, respectively and the rest (15 per cent) were casual labours.
  • The shares of self-employment in total workforce were 55 per cent for rural males, 59 per cent for rural females, 42 per cent for urban males, 43 per cent for urban females. The corresponding shares of casual labour were 36 per cent, 35 per cent, 15 per cent and 14 per cent for rural males, rural females, urban males and urban females, respectively.

6.   Industry-wise distribution of usual status (ps+ss) workers

  • Among the workers in the usual status (ps+ss), about 49 per cent, 24 per cent and 27 per cent were engaged in agricultural sector, secondary sector and tertiary sector, respectively.
  • In rural areas, nearly 59 per cent of the usual status (ps+ss) male workers and nearly 75 per cent of the female workers were engaged in the agricultural sector. Among the male workers, 22 per cent and 19 per cent were engaged in secondary and tertiary sectors, respectively. The corresponding proportions for female workers were 17 per cent and 8 per cent, respectively.
  • In urban areas, nearly 59 per cent of male workers and 55 per cent of the female workers were engaged in the tertiary sector. The secondary sector employed nearly 35 per cent of the male and 34 per cent of the female workers. The share of urban workforce in agricultural sector was nearly 6 per cent for male workers and 11 per cent for female workers.

7.   Wage Rates of Regular Wage/Salaried Employees and Casual Labourers (age 15-59 years)

  • At the all-India level, average wages received by regular wage/salaried employees was Rs. 396 per day. This was Rs. 299 in the rural areas and Rs. 450 in the urban areas.
  • In the rural areas, wages received per day by a regular wage/salaried employee was was Rs. 322 for males and Rs. 202 for females, indicating the female-male wage ratio as 0.63. In the urban areas, this was Rs. 470 for males and Rs. 366 for females, indicating the female-male wage ratio as 0.78.
  • Daily wages received by casual labours engaged in works other than public works was Rs. 139 in rural areas and Rs. 170 in urban areas. In the rural areas, wage received (per day) was Rs. 149 for males and Rs. 103 for females. In the urban areas, the corresponding rates were Rs. 182 and Rs. 111 for males and females, respectively.
  • Daily wages received by casual labours of rural areas engaged in public works other than MGNREG public works was Rs. 121. This was Rs. 127 for males and Rs. 111 for females. Daily wages received by casual labours of rural areas engaged in MGNREG public works was Rs. 107. This was Rs. 112 for males and Rs. 102 for females.

Click here to see Annexures.

AD/DB

(Release ID :96641)

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