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August 29, 2026
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Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
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Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
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Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
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Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
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Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
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IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
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August 28, 2026
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India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
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Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.

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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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Acts Income Tax