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    Commerce Secretary Shri Rajesh Agrawal Calls for Greater Utilisation of India-EFTA TEPA Opportunities
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October 7, 2026
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Investment commitments and tariff predictability under India-EFTA TEPA support market access, supply-chain planning, and long-term bilateral trade.
India-EFTA TEPA establishes reciprocal market-access commitments, with EFTA coverage extending to most Indian exports and full coverage for non-agricultural products. Tariff predictability is intended to support investment planning, supply-chain development and longer-term business partnerships. Agricultural opportunities may arise where duties have been reduced to zero. Article 7.1 includes an investment commitment under which the EFTA States are to aim to increase foreign direct investment into India and facilitate employment generation within specified implementation periods.
October 7, 2026
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Calibrated monetary tightening restricts near-term rate cuts as elevated inflation and broadening price pressures require continued policy vigilance.
Monetary Policy Committee increased the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent and changed the stance to calibrated tightening. The standing deposit facility rate became 5.25 per cent, while the marginal standing facility rate and Bank Rate became 5.75 per cent. The stance excludes near-term rate cuts; future action may comprise a rate hike or pause, contingent on growth, inflation, underlying price pressures, second-round effects and demand impulses.
October 7, 2026
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Index of Services Production expansion proposes broader service-sector coverage through education, health, residential care, public administration and defence.
The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology.
October 7, 2026
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Cross-border gold smuggling enforcement addresses concealed foreign-origin gold transport through customs seizure, arrest, and investigation of organised networks.
Intelligence-led customs enforcement targeted cross-border gold smuggling through surveillance and interception of four persons travelling from a border route. Personal searches recovered foreign-origin gold biscuits concealed in specially tailored cloth waist belts. Seventy-two gold biscuits were seized under relevant provisions of the Customs Act, 1962, and the four persons were arrested. Investigation continues into organised networks and wider syndicates involved in the movement and distribution of smuggled gold.
October 6, 2026
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Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.
October 6, 2026
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SME growth equity fund targets scalable enterprises, prioritising manufacturing and industrial clusters to strengthen investment, productivity and competitiveness.
Union Cabinet approval commits Rs.10,000 crore towards establishment of the SME Growth Fund as an Alternative Investment Fund framework for direct equity investment in small and medium enterprises. The initiative is intended to catalyse long-term, patient growth capital for SMEs and address the identified shortage of equity financing for enterprises beyond the early stage, where existing equity-support funds predominantly serve micro and early-stage businesses.
October 6, 2026
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Integrated transport planning framework establishes an SPV for national master planning, major-project appraisal, monitoring, and transport data analytics.
Integrated Transport & Logistics Authority will function as a special purpose vehicle for integrated transport and logistics planning, research, technical project appraisal, monitoring, policy support and data analytics. It will prepare a long-term National Transport Master Plan, assess sectoral and annual plans for alignment and multimodal integration, technically appraise and monitor specified major infrastructure projects, and undertake impact assessments. It will also maintain a unified transport data repository and support logistics-policy review, capacity building, training, skilling, research and innovation.
October 6, 2026
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Corporate social responsibility should shift from statutory compliance to needs-based, evidence-led collaboration with impact assessment and technology-enabled monitoring.
CSR is grounded in trusteeship and in companies' responsibilities to employees, communities and the environment, rather than shareholders alone. The framework includes the Unspent CSR Account, multi-year projects, certification of fund utilisation and impact assessment. CSR is intended to leverage corporate resources, technology and expertise, rather than merely supplement public expenditure. Needs-based project selection, community participation, need and social-impact assessment, implementing-agency capacity, resource pooling and technology-enabled monitoring are emphasised to move from compliance and spending towards evidence-based transformation.
October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.
October 5, 2026
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WASH-focused social bond financing mobilises capital for safe water, sanitation and hygiene access in rural and underserved communities.
NABKISAN Finance Limited listed India's first social bond dedicated exclusively to water, sanitation and hygiene on the National Stock Exchange. The five-year issue raised Rs. 180 crore, carries an 8.10% coupon, matures in September 2031, and holds domestic AAA stable credit ratings. Proceeds are earmarked for safe water, sanitation and hygiene solutions in rural and underserved communities.
October 5, 2026
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NDPS Act drug-trafficking enforcement enabled seizures of amphetamine, cocaine and heroin through intelligence-led interceptions and concealed-consignment detection.
NDPS Act enforcement involved three intelligence-led operations addressing trafficking of amphetamine, cocaine and heroin. Searches of a vehicle's spare tyre, chocolate tubes in cabin baggage, and a backpack carried in a car-pooling taxi revealed concealed substances that tested positive through field-testing kits. The amphetamine, cocaine and heroin were seized, along with the vehicle in the amphetamine operation, and five persons were arrested under the NDPS Act, 1985.
October 3, 2026
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Multistate GST registration enables normal taxpayers to submit common information once for simultaneous State and UT applications.
Multistate Registration enables normal taxpayers seeking GST registration under the same PAN in more than one State or Union Territory to apply simultaneously. A Master TRN is generated after selection of the intended jurisdictions and must be submitted with Common Registration Information. Individual TRNs are then generated for each selected jurisdiction, with common information auto-populated and editable. Applicants must provide principal and additional places of business, State-specific information, and Aadhaar authentication.
October 3, 2026
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Private corporate CAPEX survey collects forward investment data through secure self-reporting while protecting enterprise-level confidentiality.
CAPEX 2026 collects information from selected large private corporate enterprises on past, provisional and intended capital expenditure across asset groups and sectors, including investment strategies, financing, green energy and robotics. Responses are self-compiled through a secure portal with bilingual and digital assistance. Complete, accurate and timely reporting supports validation and aggregate investment indicators. Individual enterprise information is protected through confidentiality safeguards, and unit-level CAPEX data are not disseminated.
October 3, 2026
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International trade negotiations training addressed WTO rules, dispute settlement, sustainability, trade remedies, digital trade, and services.
Trade-negotiation capacity-building introduced foundational trade theory and the WTO framework, followed by instruction on treaty interpretation, trade data and dispute settlement. Specialised sessions addressed trade remedies, rules of origin, non-tariff measures, intellectual property rights, digital trade and services. It also considered labour, environmental and sustainability issues, including carbon border adjustment and deforestation requirements, within an increasingly complex global trade environment.
October 3, 2026
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Food security safeguards distinguish transparent public stockholding measures from coercive trade actions within multilateral trade cooperation.
India maintains public stockholding, procures food from small and marginal farmers, and may adopt temporary, transparent measures during harvest shortfalls to preserve food availability and affordability. These food-security measures are identified as recognised within the WTO framework. A distinction is advanced between legitimate food-security interventions and coercive trade actions used to exert pressure on other countries. G20 Trade Ministers reached consensus on a statement addressing the weaponization of food through coercive trade actions and committed to continued cooperation.
October 3, 2026
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Insolvency resolution reform prioritises timely, value-maximising outcomes through technology adoption, mediation, and legislative responsiveness across the insolvency ecosystem.
The Insolvency and Bankruptcy Code seeks faster, value-maximising resolutions through legislative responsiveness, technology adoption and adherence to prescribed timelines. Reform priorities include reducing case-disposal delays, speeding consideration of resolution plans, revising admission thresholds, mediation and sector-specific carveouts. The framework is associated with creditor recoveries, rescue of viable businesses and changed debtor-creditor behaviour.
October 3, 2026
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Drug abuse prevention awareness promotes student education, peer outreach, and youth responsibility for a drug-free society.
Operation Jagriti promotes drug abuse and addiction awareness among students by addressing the harmful effects of substance use and practical prevention measures. Students are encouraged to avoid drugs, spread prevention awareness among peers and communities, and contribute responsibly to the Nasha Mukt Bharat objective of a drug-free India.
October 3, 2026
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Forced-labour border measures require verifiable evidence, due process and WTO consistency while preserving cooperation without unilateral trade action.
Global trade distortions should be addressed through WTO-consistent, evidence-based anti-dumping and countervailing measures, without restricting developing countries' policy space for industrialisation. Most-Favoured-Nation treatment, consensus decision-making, special and differential treatment, and a two-tier dispute-settlement system remain central to multilateral trade governance. Imports produced using forced labour are prohibited, while border measures must rely on specific, verifiable evidence, observe due process and WTO rules, and avoid presumptions concerning entire countries, regions or sectors.

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Year End Review 2016: Major Achievements of the Ministry of Statistics & Programme Implementation

December 27, 2016

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Central Statistics Office(CSO)

Ø    United Nations Fundamental Principles of Official Statistics was approved for adoption by the Union Cabinet chaired by Prime Minister Narendra Modi on 04/05/2016 and was notified vide Gazette Notification dated 15/06/2016.

The main objective of the adoption of the United Nations Fundamental Principles of Official Statistics is to bring professional independence, impartiality, accountability and transparency about methods of collection, compilation and dissemination of official statistics, besides fulfilling international commitment.   As the Indian statistical system is horizontally and vertically decentralized, adoption and implementation of these basic principles by the Central Ministries / Departments as well as State Governments would help build and retain essential trust of the public in the integrity of official statistical system and honour citizens / clients’ entitlement to official statistics as ‘public good’.

Ø  Central Statistics Office released the following macroeconomic indices as per pre-decided time schedule:

  • Monthly Consumer Price Index (CPI) which is being used as a measure of inflation by many users and RBI for formulating /regulating Monetary Policy.

  • Monthly Index of Industrial Production (IIP) which is a unit free number based on data of fixed items from a fixed panel of factories that reflects short term changes in manufacturing sector. Graphical representation of Growth rates during this year as per IIP is as below :

  • Press Note on First Revised Estimate of National Income, Consumption Expenditure, Saving and Capital Formation for 2014-15 was released on 29th January 2016.
  • Advance Estimates of National Income, 2015-16 and Quarterly Estimates of GDP for Q3, 2015-16 were released on 8th February, 2016.
  • Press Note on Provisional Estimates of Annual National Income, 2015-16 and Quarterly Estimates of Gross Domestic Product for the Fourth Quarter (Q4) of 2015-16 with base year 2011-12 were released on 31st May, 2016.
  • Press Note on Estimates of Gross Domestic Product for the First Quarter (Q1) of 2016-17 with base year 2011-12 was released on 31st August 2016.
  • Press Note on Estimates of Gross Domestic Product (GDP) for the Second Quarter (Q2) of 2016-17 with base year 2011-12 was released on 30th November, 2016.

Ø    Two regional workshops on ‘State Income and Related Aggregates’ were organized at Guwahati and Nainital during 2016 for the benefit of officials of State/UT DESs.

Ø    MoSPI revised the Advance Release Calendar of Annual and Quarterly Estimates of GDP and policy of revision of Annual & Quarterly Estimates of GDP and related Macro-economic Aggregates. The revised release calendar has been placed in public domain. According to the revised calendar the following estimates are scheduled to be released up to March, 2017.

(i).The First Advance Estimates of GDP for the year 2016-17 on January 6, 2017.

(ii). The First Revised Estimates of GDP and related macro-economic aggregates for 2015-16 on January 31, 2017.

(iii).Second advance estimates for the year 2016-17 and Quarterly estimates for the third quarter (October – December) of 2016-17 on February 28, 2017.

Ø    The results of Sixth Economic Census (EC) were released in March, 2016. These are a data source for the number of establishments and number of persons employed therein, for both organised and unorganised sectors by geographical location, type of ownership, source of finance, etc. A workshop for discussing the results of 6th EC with participants from States/UTs and other Central Ministries was organised in New Delhi during June, 2016. State/UT Directories for establishments employing 10 or more workers, based on Sixth EC data, were released in July, 2016.

Ø    On 29th June, 2016, the 10th Statistics Day was celebrated all over India by the Ministry, State Governments, Offices of National Sample Survey Office spread throughout the country, Indian Statistical Institute, Universities/Departments, etc. by organizing Seminars, Conferences, etc. At national level, the main function was held in New Delhi at Vigyan Bhawan under the presence of many dignitaries like Hon’ble Minister of Agriculture & Farmers Welfare, Shri Radha Mohan Singh, then Hon’ble Minister of Statistics & PI (I/C) Gen. Dr. V.K. Singh, Chairman, National Statistical Commission and Secretary, Ministry of Statistics & Programme Implementation. The P.V Sukhatme Award was conferred on Prof. T J Rao on this occasion for his lifetime contribution to Statistics. The theme selected for the 10th Statistics Day was ‘Agriculture and Farmers’ Welfare’ in view of the recent initiatives and measures taken by Government of India, particularly by Ministry of Agriculture and Farmers Welfare to focus on farmer centric programmes and promote the development of relevant agricultural and rural statistics.

Ø    Besides the regular training programmes for Indian Statistical Service and Subordinate Statistical Service officers and other activities, the National Statistical Systems Training Academy (NSSTA) of the Ministry has successfully organised one International Workshop on Data and Statistics for Sustainable Development Goals in collaboration with Statistical Institute for Asia and the Pacific during 05th -09th September, 2016 at Greater Noida.

Ø    MoSPI organized 7th Technical meeting of representatives of BRICS countries (Brazil, Russia, India, China and South Africa) in Delhi during 24th to 26th February, 2016 to discuss collaborative data dissemination system and preparation and finalization of BRICS, Joint Statistical Publication 2016 i.e. BRICS, JSP 2016. It was released by Hon’ble Prime Minister of India at BRICS Summit held at Goa during 15 and 16 October, 2016. Further, the Ministry organised 8th Meeting of Heads of National Statistics Offices (NSOs) of BRICS countries during 3rd and 4th November, 2016 at Jaipur (Rajasthan) to discuss Statistical measurement for assessing performance of Industrial Sector.

Ø      The 8th Meeting of Heads of SAARC Statistical Organizations (SAARCSTAT) held during 29-31 August 2016 in New Delhi, was inaugurated by Shri D.V. Sadananda Gowda, Hon’ble Minister for Statistics and Programme Implementation. The meeting was hosted by India and attended by delegates from all SAARC member states except Afghanistan. Besides member States, representatives from SAARC Secretariat Kathmandu and International Organizations viz., FAO, PARIS 21 (Partnership in Statistics for Development in the 21st Century) and ADB also attended the meeting. The theme of this year’s meeting was “ Trade Statistics-Merchandise & Services”. The objective of the SAARCSTAT is to support regional cooperation and Initiatives in the field of official statistics among SAARC member States.

Ø    Support for Statistical Strengthening Project (SSSP) is being implemented in 33 States/UTs, including the 8 NE States. Now, the Scheme has been shifted from being a Centrally Sponsored Scheme to a Central Sector Scheme.The Ministry is in the process of finalizing the State Programmes in consultation with the respective State DES officials.

Ø    The new website of the Ministry was launched by the Hon’ble Minister for Statistics & PI on 25th October, 2016 which is designed and developed as per the Guidelines for Indian Government Websites (GIGW) to facilitate the users.  First workshop on International Household Survey Network (IHSN) toolkit to sensitize the all DESs of State/UTs was organized in October, 2016 at New Delhi. The second such workshop was organised in December, 2016. Documentation of Sixth Economic Census Micro-data & Meta-data in an international standard format using IHSN Toolkit for States/UTs completed.

Ø    A web-based Survey Data Catalogue/ Micro Data Archive of the unit-level data has been created covering the data sets available with the Ministry. These include the data of Annual Survey of Industries, Economic Census, and the National Sample Surveys. The micro data archive is being accessed by various national and international users to download metadata and various reports uploaded on the website. Every month more than one lakh users are accessing the metadata from one source having international standard.

Ø    The final results of ASI 2013-14 have been released in e-media in the month of March, 2016. Vol-I containing summary statements, is available in the Ministry’s website (www.mospi.gov.in), While Vol- II is available in CD on payment basis. The bi-annual journal - “The Journal of Industrial Statistics” is being brought out regularly to provide a platform for the experts, researchers and data-users to publish research and analytical articles, and also to bring out important national and international indicators on industrial statistics. Two issues i.e.  March 2016 issue, and Sept 2016 issue, have been brought out during the year. Seventh national seminar on Industrial Statistics was organized on 26th September, 2016 in Kolkata

Ø    Index of Industrial Production (IIP) is an important short-term indicator of industrial growth. The current series of IIP is being compiled with an old base of 2004-05. MoSPI has already undertaken the base revision exercise of all-India IIP with 2011-12 as the new base year and a proposal for the same has been placed before the Committee of Secretaries after inter-ministerial consultation.

Ø    Technical assistance in the form of training was provided to State DES officers for compilation of State IIP with new base year 2011-12, in the Zonal review workshops held in Kolkata during August 2016 to September 2016.Issues related to compilation of State level IIP was deliberated with senior officers of State Governments in the National Consultation Meeting chaired by Secretary, MoSPI on 20th December, 2016 in Delhi.

Ø    MoSPI organized a National Workshop on developing a monitoring framework for the SDGs with the Central Ministries/Departments and State Governments in September 2016

Ø     MoSPI is the nodal agency for component 3 of Country Strategic Plan (CSP) 2015-18 signed between Government of India and WFP on elimination of hunger, which relates to food and nutrition security analysis etc. In furtherance of the same, MoSPI signed the Annual Work Plan 2017 with WFP.

Ø    Central Statistics Office also published/released the following publications during 2016:

  •   SAARC Social Charter India Country Report – 2016
  •    Fourth edition of the adhoc publication ‘Elderly in India 2016’
  •   Compendium of Environment Statistics – India
  •   Energy Statistics 2016
  •   Statistical Year Book 2016
  •   National accounts Statistics 2016

National Sample Survey Office (NSSO)

Ø    National Sample Survey Office (NSSO) will be launching nation-wide Periodic Labour Force Survey (PLFS) with the primary objective to measure quarterly changes of various statistical indicators of the labour market in urban area as well as to generate the annual estimates of different labour force indicators both in rural and urban areas. The survey is expected to start in last quarter of 2016-2017 and will continue thereafter on quarterly basis. For this, the required number of posts has already been created. The process of engaging required contractual manpower and procuring tablets is at advance stage of completion. For the launch of PLFS, NSSO with the technical assistance of World Bank has developed software, viz., Computer Assisted Personal Interviewing (CAPI) solution which will replace the paper schedule of NSSO surveys with the tablet based schedule data collection and validation. This will help in faster data processing and will further reduce the time gap between completion of survey and release of results.

Ø    The Swachhta Status Report 2016, based on the findings of a nation-wide rapid survey to assess the sanitary conditions in rural and urban areas conducted by National Sample Survey Office (NSSO) during May-June, 2015, was released and uploaded on the Ministry’s website in April, 2016. The survey aimed at giving a snapshot of the situation on the availability/accessibility of toilets, solid waste and liquid waste at sample village/ward and household levels aggregated at State and country levels. This report made available at one place the relevant information from different programmes undertaken under Swachh Bharat Mission by different agencies of the Government and other data/findings from Census and National sample Surveys.

Ø    NSSO successfully completed its 73rd round survey (July, 2015 – June, 2016) on the subject ‘Unincorporated Non-agricultural enterprises in Manufacturing, Trade and other services (excluding Construction)’ in June 2016. Thereafter, NSSO launched its 74th round survey (July, 2016 – June, 2017) on ‘Survey on Services Sector’ during July, 2016

Ø    NSSO, based on its 68th, 70th, 71st and 72nd rounds, released following reports during 2016:

i.  Based on NSS 68th round on (i) Employment-Unemployment and (ii) Consumer Expenditure:

1)   NSS Report No. 568 - Employment and Unemployment Situation Among Major Religious Groups in India

ii. Based on NSS 70th round on (i) Debt and Investment (ii) Land & Livestock Holdings and (iii) Situation Assessment Survey of Agricultural Households:

1)    NSS Report No. 570 - Household Assets and Liabilities in India

2)    NSS Report No. 572 - Livestock Ownership in India

3)    NSS Report No. 573 - Some Aspects of Farming in India

4)   NSS Report No. 576-Income, Expenditure, Productive Assets and Indebtedness of Agricultural Households in India

5)    NSS Report No. 577 - Household Indebtedness in India

6)   NSS Report No. 578 - Household Assets and Indebtedness among Social Groups in India

iii.  Based on NSS 71st round on Social Consumption: Health and Education: NSS

1)   NSS Report No. 574-Health in India

2)   NSS Report No. 575 - Education in India

iv.  Based on NSS 72nd round on Domestic Tourism Expenditure, Household Expenditure on Services and Durable Goods and Household Consumer Expenditure:

1)  Key indicators of Household expenditure on Services and Durable Goods.

2)  Key indicators of  Domestic Tourism in India

Ø    NSSO, apart from its regular reports, also brings out its technical journal called ‘Sarvekshana’. Two issues of Sarvekshana have been released in the calendar year 2016.

Ø    NSSO also organized two-day National Seminar on NSS data on the subjects covered during its 68th & 69th rounds during 26-27 May 2016 at Indira Gandhi Institute of Development Research (IGIDR), Mumbai.

Programme Implementation (PI) Wing

Ø    Under MPLADS, an amount of ₹ 2295.00 crore was released and an expenditure of ₹ 2585.91 has been incurred up to 30.11.2016 in the current financial year 2016-17. A new integrated MPLADS website developed on state-of-the-art Microsoft platform with built in security features in under implementation. This new website will provide single point of reference for all stake holders including Members of Parliament and District Authorities. All MPLADS fund releases are being made only through this website. This Ministry is regularly organizing training programme for the district officials on the new website. For Central Sector Projects, the monitoring is done through the mechanism of Online Computerized Monitoring System (OCMS)

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