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August 7, 2026
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Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
August 7, 2026
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Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
August 7, 2026
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Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
August 7, 2026
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Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
August 7, 2026
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Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
August 7, 2026
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Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
August 7, 2026
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Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
August 7, 2026
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Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
August 7, 2026
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Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
August 7, 2026
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Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
August 7, 2026
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August 7, 2026
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BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
August 7, 2026
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Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
August 6, 2026
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Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
August 6, 2026
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Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
August 6, 2026
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Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
August 6, 2026
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Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.

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Make In India Week concludes on a high note showcasing India’s manufacturing prowess Manufacturing, Design and Innovation has been brought to the centre stage – Amitabh Kant

February 18, 2016

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Press Information Bureau

Government of India

Ministry of Commerce & Industry

18-February-2016 16:39 IST

            Curtains came down on the first ever Make In India Week in Mumbai with the biggest show of manufacturing prowess, concluding on a high note.  The week long event  -

·         Created avenues for showcasing, connecting and collaborating for manufacturing in India

·         Promoted an Investment enabling environment

·         Provided encouragement to to Design, Innovation, Youth and Startups

·         Provided a  platform where global CEOs, think tanks, policy makers, Diplomats and Political leaders converged

            Addressing the Closing Press Conference in Mumbai today, Secretary, Department of Industrial Policy & Promotion, Mr. Amitabh Kant said the Make In India Week witnessed a business commitment of ₹ 15.20 lakh crore in investment.  “Make In India Week in Mumbai has been phenomenal hit. It has successfully brought manufacturing, design and innovation to the centre-stage” Mr. Kant said.

            Maharashtra Chief Minister Mr. Devendra Fadnavis said his state was successful in attracting investment worth ₹ 8 lakh crores across sectors. He said a Task Force is being set up headed by the State Industry Minister to ensure that MoUs signed are translated into actual investments. 

Facts at a glance

            More than 8 lakh people visited the Make In India Expo and other events, of which 49,743 were registered delegates.   102 countries were represented in the mega expo.

            A total of 150 events were organized under the Make In India Week banner while more than 25,000 people participated in  Seminars and Symposia, where over 1,200 experts from various walks of life from Ministers, Chief Ministers, policymakers, industrialists, academicians and spiritual gurus spoke on wide ranging issues concerning business and society.

            The Make In India Expo was spread over 23 lakh sqft area, housed under air-conditioned hangers in 27 halls.  215 exhibitors show cased their strengths and opportunities in 11 sectors covering aerospace & defence, automobiles, chemicals & petrochemicals, construction machinery, food processing, infrastructure, IT & electronics, industrial equipment & machinery, MSME, pharmaceuticals and textiles.  17 Indian states and 3 countries – Germany, Sweden and Poland had their pavilions in the Make In India Centre.

Make In India Week also provided platform for nearly 8,200 Business-to-Business,  Business –to-Government and Government –to-Government meetings.

Key deals concluded during the MIIW

•      Sterlite Group company TwinStar Display Technologies & MIDC for LCD manufacturing unit in technical collaboration with Autron of Taiwan

•      BAE Systems and Mahindra for assembling and testing of M777 Howitzers

•     ORACLE’s USD 400 million investment in India to set up 9 incubation center

•     Trivitron healthcare manufacturing unit in Chennai

•  Gujarat Government and Vestas (Denmark) for wind mill blades manufacturing unit at Ahmedabad

•       Raymond Industries to invest ₹ 1400 crore for manufacturing linen yarn and fabric facility

•       Mahindra & Mahindra: Investment – ₹ 8000 crores (Nashik: ₹ 6500 crores, Chakan – ₹ 1,500 crore)

•       Gujarat Government and Tar Kovacs Systems (France) for offshore platform to develop marine applications in Gujarat

•       Tar Kovacs and Government of Karnataka for setting up ocean based renewable energy project

•       Yes Bank and IREDA for financing of renewable power projects

•       Ascendas | Investment: ₹ 4571 crore | Employment: 1.09 Lakh

•       Mercedes | Investment: ₹ 1500 crore | Employment: 4270

•       Rashtriya Chemicals and Fertilizers | Investment: ₹ 6204 cr | Employment: 140

•       Godrej Industries| Investment: ₹ 3000 cr | Employment: 2000

•       JSW Jaigarh Port Ltd | Investment: ₹ 6000 crores | Employment: 1000

•       CREDAI and MCHI for 5.7 Lakh affordable homes with an investment of ₹ 1.1 lakh  crore and 7.6 lakh jobs

•       Government of Jharkhand and Vedanta Ltd

•       Government of Jharkhand and Adani group to set up a thermal power plant with a total capacity of 1,600 MW to be supplied to Bangladesh Grid

•       Agreement between Government of Jharkhand and Adani Group to set up a Coal based Methane fertilizer plant

•       Uber and Skill Development and Entrepreneurship Department (SDED) of the Maharashtra government

•       Solar Industries and Government of Maharashtra to set up a Nagpur plant for manufacturing of ammunition for armed forces

Policies / initiatives unveiled

·         Rs 2,200 crore Electronics Development Fund was unveiled by the Communications & IT Minister Shri Ravi Shankar Prasad to finance innovations, research and development in electronics manufacturing sector

·         National Capital Goods Policy was unveiled by the Heavy Industries Minister Shri Anant Geete aimed at creating an ecosystem for a globally competitive capital goods sector.

·         Investment Opportunities in Food Processing Industry by Ms.Harsimrat Kaur Badal.

·         E toll policy covering 360 toll plazas on the National Highways across the country.

State specific policies

            The Maharashtra government unveiled five new policies during the Make In India Week:

1. Maharashtra Retail Policy, 

2. Single Window Policy, 

3. Maharashtra Maritime Industries Policy.

4. Electronics Policy covering FAB manufacturing

5. Special package for SC/ST entrepreneurs.

            Odisha Industrial Development Plan 2025,  Jharkhand Industrial Promotion Policy 2016 were also unveiled during the week.

            Make In India Mittelstand initiative was aimed at attracting Small & Medium Enterprises from Germany to set up manufacturing facilities in India.  19 Mittelstand companies had enrolled for the programme.

Focus on Design, Innovation & Start Up

            Shri Amitabh Kant said, one of the key focus areas of Make In India Week was Design, Innovation & Start Ups. On Spot prize of ₹ 2 crore by Qualcomm for Startups in India today.

            Hackathon, organized by the consortium of IITs provided a platform for innovators, programmers and engineers. Two teams each providing innovative solutions in water, energy and transportation were awarded during the week.

            Other key initiatives of the Make In India Week included Industry- Academia Partnership, role of design in manufacturing, Make In India : Way Forward seminar with focus on domestic manufacturing, digital India initiative, smart cities and skill India programme.

Participation

             Key Government delegates during the week included Mr. Stefan Lofven, Prime Minister of Sweden, Mr. Juha Sipila, Prime Minister of Poland, Mr. Piotr Glinski, First Deputy Prime Minister of Poland, Yosuke Takagi, Minister of Economy, Trade & Industry, Japan,  Cesar Fergozo, Minister of Asia and Middle East, Mexico, Ignasius Jonan, Transportation Minister of Indonesia and Som Prasad Pandey, Industry Minister of Japan.

             Union Ministers who participated in the Make In India Week that was inaugurated by the Prime Minister Mr. Narendra Modi included – Mr. Arun Jaitley,  Mr. Manohar Parrikar, Mr. Nitin Gadkari, Mr. Ravi Shankar Prasad,  Mr. Kalraj Mishra, Ms. Nirmala Sitharaman, Mr. Piyush Goyal, Mr. Dharmendra Pradhan, Mr. Anant Geete, Mr. Santosh Kumar Gangwar, Ms. Harsimrat Kaur Badal and Col Rajyavardhan Rathore.

             Key Indian CEOs who were present included Ratan Tata, Cyrus Mistry, Mukesh Ambani, Kumar Mangalam Birla, Anand Mahindra, Gautam Adani, G V Sanjay Reddy (GVK), Ajay Piramal, Y C Deveshwar (ITC) among others.

             Key foreign CEOs who attended the MIIW included  John Chambers of CISCO Systems,  Markus Wallenberg of SEB, (Sweden),  Doug DeVos of Amway, Hakan Bushke of SAAB, Sweden,  Edward Monser IV of Emerson, USA, Mats H Olsson of Ericsson and Karol Zarajczyk of Ursus, Poland.

The way forward

The Make In India Week concluded with a

·         commitment to achieving the vision of 25% contribution to GDP through manufacturing

•       Striving to provide investment enabling environment to Foreign and Domestic investors

•       Promoting quality jobs through development of innovation and design ecosystem

•       Forging partnerships for manufacturing sector development for enabling “Champions of Manufacturing”

•       Active cooperation with States for promoting manufacturing  across all States in India and remotest part of the country

•       Promoting Industry and Academia linkages for joint research and product development to drive frugal engineering

•       Focus on spreading awareness about promoting manufacturing in under developed areas of the country

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