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    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
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September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
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September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
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September 3, 2026
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Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
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Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
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Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
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The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
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IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.

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FM: Inclusive growth is high on the priorities of the present Government; Government will take adequate measures to ensure social security for children, women and senior citizens of the country

January 13, 2016

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The Union Finance Minister Shri Arun Jaitley said that the inclusive growth is high on the priorities of the present Government and the Government will take adequate measures to ensure social security for the children, women and senior citizens of the country. The Finance Minister was making the Opening Remarks during his Pre -Budget Consultative Meeting with the representatives of different Social Sector Groups here .

Various suggestions were made by the representatives of the different Social Sector Groups during the aforesaid meeting. Some of the major suggestions made during the meeting include increase in old age pension from ₹ 200 to ₹ 500, increase in pension for widows, inclusion of grandparents as a separate entity under Rashtriya Swasthaya Bima Yojana (RSBY). Other suggestions include higher allocation for Integrated Child Protection Schemes, need to recruit trained and qualified teachers to meet the requirements of Right to Education (RTE) Act2009, need to increase allocation for training of School Management Committee members and strengthen community mobilization.Other suggestions include increased budgetary allocation in secondary education and universalize education for children upto 18 years of age and improving financial transparency in Sarv Siksha Abhiyan (SSA) and thereby improving the implementation of RTE Act across the country.

Other suggestions included insurance to farmers as a major initiative to address the distress in agriculture sector and for achieving higher agriculture growth, adequate provisioning towards a comprehensive and universal crop insurance scheme, extending crop insurance to all farmers for all crops and considering lower units as a unit of insurance with 100% insurance premium to be borne by the Government. Other suggestions in this regard include provisioning of higher credit and other input subsidies to small and marginal farmers, tenant farmers and farmers with oral lease, increase budgetary allocation for National Mission for Sustainable Agriculture under Krishi Unnati Yojana and for strengthening the institutional mechanism for better utilization of available funds under Rashtriya Krishi Vikas Yojana.

Other suggestions included creation of National Social Security Board with sufficient budgetary allocation for providing social security to the workers of unorganized sector as well as provision of interest subvention for economically weaker sections and low income group sections for taking benefit under Pradhan Mantri Awas Yojana. Other suggestions included adequacy of budgetary resources for social sector, enhancing budget transparency at the district and sub-district level among others.

Suggestions were also made to address violence against women by making adequate budgetary outlays in the forthcoming Union Budget for implementation of Protection of Women from Domestic Violence Act, 2005, assistance for construction of shelter homes for single woman/destitutes and widows, utilization of ‘Nirbhaya Fund’ to institute substantive interventions for sector like health, urban development, public transport, education and other sectors that have a bearing on the safety of women. In order to meet the nutritional needs of women and girls, it was suggested to make higher allocations for Indira Gandhi Matritva Sahyog Yojana, review and scaling-up of Rajiv Gandhi Scheme for Empowerment of Adolescent Girls, higher allocation for ICDS Scheme and strengthening ‘Gender Responsive Budgeting’ among others.

Other suggestions included adequate allocation for the flagship schemes for children in the forthcoming Union Budget, timely disbursal, utilization and proper monitoring mechanism be placed in position to achieve desired outcomes. Children related legislation and commitments should be adequately resourced among others. Some suggestions were made regarding special planned focus for welfare of child labourers, street children, child domestic workers, children in conflict with law, anti-human trafficking initiatives and to stop child abuse in institutional and non-institutional set ups. At present there is an allocation of 0.06% on child protection in the budget which needs to be raised in the forthcoming budget. Some suggestions were made regarding special budget allocation for implementation of New Juvenile Justice Act as it will require setting-up separate children homes with skilled staff in all States/UTs for reformation of juveniles engaged in heinous crimes and higher budget allocation for protection of girl child. Other suggestions include higher allocation on health education and social protection of women at par with other developed countries, need for significant increase in spending for health from 1.3% to 5% of GDP as recommended by WHO, allocation of funds for Navjaat Shishu Suraksha Karyakram and ASHA Module 6 & 7 for all frontline health workers and higher allocation for Mid Day Meal Scheme among others.

Along with the Finance Minister Shri Arun Jaitley, the Pre Budget Consultative Meeting with the representatives of Social Sector Groups was also attended among others by Shri Jayant Sinha, Minister of State for Finance, Shri Shaktikanta Das, Secretary, DEA, Dr. Hasmukh Adhia, Revenue Secretary, Ms. Anjuly Chib Duggal, Secretary, Financial Services, Shri Shankar Aggarwal, Secretary, Labour and Employment, Dr. Arvind Subramanian, Chief Economic Adviser (CEA), Among the representatives of the various Social Sector Groups included Shri Amitabh Behar, National Foundation of India, Shri Sreedhar Ramamoorthy, Mines Minerals and People, Ms Deepa Sinha, Right to Food Campaign, Shri Subrat Das, Centre for Budget and Governance Accountability, Shri Ashok Bharti, Natoinal Confederation of Dalit Organisation, Shri Ambarish Rai, Right to Education Forum, Ms Sonali Khan, Breakthrough, Ms Meenu Venkateswaram, Pravah, Shri Ravi Duggal, Jan Swasthya Abhiyan, Shri Thomas Chandy, Save the Children, Shri Sandeep Chachra, Actionaid, Shri Pradeep S Mehta, CUTS, Ms Avani Kapur, Centre for Policy Research, Ms Rukmini Banerjee, Pratham, Ms Mirai Chatterjee, Self Employed Women’s Association, Ms Nandini Verma, Campaign for Tobacco Free Kids, Shri Mathew Cherian, Helpage, Ms Bhavna Mukhopadhyay,Voluntary Health Association of India and Shri Neereaj Jain, Wateraid among others.

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