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    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
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August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.
August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
August 12, 2026
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Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
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Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
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August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
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August 12, 2026
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Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
August 12, 2026
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Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
August 12, 2026
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AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.

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News and Press Release

Per Capita Income

August 3, 2017

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The estimates of national income (measured as net national income) and per capita income (measured as per capita net national income) of the country during the last three years are as under:

Item (at current prices)

2014-15

2015-16

2016-17

Net National Income (Rs. crore)

10953761

12076882

13408211

Per Capita Net National Income (Rs.)

86454

94130

103219

Annual estimates of net state domestic product (NSDP) and per capita income (measured as per capita NSDP) are compiled by all the States/UTs except UTs of Daman & Diu, Dadra & Nagar Haveli and Lakshadweep. As per latest reports, data for the 33 States/UTs is available till the year 2014-15. The information is given in the statement at Annexure-I.

The Government has been implementing several programmes for skill development, self-employment, wage employment and creation of assets that aim to promote inclusive growth and thereby bridge the income gaps.  These include Deendayal Antyodaya Yojana-National Urban Livelihood Mission (DAY-NULM) of the Ministry of Housing and Urban Poverty Alleviation (MHUPA) and various rural development schemes of the Department of Rural Development (DRD), namely,  Mahatma  Gandhi  National  Rural  Employment  Guarantee  Scheme  (MGNREGS), Pradhan  Mantri  Awaas  Yojana Gramin  (PMAYG),  Pradhan  Mantri  Gram  Sadak  Yojana (PMGSY), Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAYNRLM) and Deen  Dayal  Upadhyaya-Grameen  Kaushalya  Yojana  (DDU-GKY).

 The State/UT-wise details of per capita income for the year 1989-90 (before 1991 economic reforms) and for the year 1992-93 (after 1991 economic reforms) are given in the statement at Annexure-II. State/UT-wise per capita income for the year 2014-15 (latest available) is included in the statement given at Annexure-I.

Level of inequality is assessed in terms of Lorenz ratios of monthly per capita expenditure distribution using consumer expenditure data of the National Sample Survey Office (NSSO). The NSSO 68th round report for the year 2011-12 noted that there was an increase in inequality (in terms of Lorenz ratio) from 0.297 to 0.307 for the rural sector and from 0.373 to 0.385 for the urban sector, when compared to the data of 61st round for the year 2004-05. Reasons for increase were not surveyed.

Comparison of inequality in terms of Lorenz ratios at State level based on NSSO 68th round (2011-12) data and 66th round (2009-10) data indicates that inequality in rural sector increased in all States/ UTs except for Sikkim, Bihar, Jharkhand, Odisha, Andhra Pradesh, Uttarakhand, Chhattisgarh, Haryana, Madhya Pradesh and Punjab. During this period, in respect of the urban sector, inequality increased in Manipur, Mizoram, Jammu and Kashmir, Rajasthan, Tamil Nadu, Delhi, Odisha, Chhattisgarh, Arunachal Pradesh, Uttarakhand, Karnataka, Haryana and Kerala.

This information was given by Minister for Statistics and Programme Implementation Shri D.V. Sadananda Gowda in a written reply to a question in Lok Sabha.

***

RDS/nb

Annexure-I

Statement referred to in reply to parts (a) & (b) of Lok Sabha Unstarred Question No. 2831 for 02.08.2017

State/UT-wise NSDP (Rs. crore) and Per Capita Income (Rs.) at current prices as on 31.03.2017

S. No.

State/UT

NSDP

Per Capita Income

2014-15

2014-15

1

Andhra Pradesh

469909

93699

2

Arunachal Pradesh

15410

103633

3

Assam

178479

54618

4

Bihar

345571

31380

5

Chhattisgarh

211016

78001

6

Goa

36290

242745

7

Gujarat

789949

124678

8

Haryana

395890

148485

9

Himachal Pradesh

88196

124500

10

Jammu & Kashmir

83217

62857

11

Jharkhand

198386

56737

12

Karnataka

843918

132880

13

Kerala

473045

139195

14

Madhya Pradesh

429896

56182

15

Maharashtra

1572037

134081

16

Manipur

16189

52436

17

Meghalaya

21838

68202

18

Mizoram

10136

85659

19

Nagaland

16137

78526

20

Odisha

282322

64869

21

Punjab

332999

114561

22

Rajasthan

554783

76881

23

Sikkim

13318

210394

24

Tamil Nadu

970953

130197

25

Telangana

462636

125832

26

Tripura

27484

71666

27

Uttar Pradesh

925437

43861

28

Uttarakhand

142628

134784

29

West Bengal#

728974

   78903

30

Andaman & Nicobar Islands

5025

121954

31

Chandigarh

25061

225369

32

Delhi

447435

249004

33

Puducherry

21776

158830

#Estimates for the State of West Bengal are at base year 2004-05. Estimates for the remaining States are at base year 2011-12.

Annexure-II

Statement referred to in reply to part (b) of Lok Sabha Unstarred Question No. 2831 for 02.08.2017

State/UT-wise Per Capita Income (Rs.) at current prices

S. No.

State/UT

1989-90

1992-93

1

Andhra Pradesh*

3899

5748

2

Arunachal Pradesh

4461

7514

3

Assam

3723

4973

4

Bihar*

2312

2998

5

Goa

7988

12800

6

Gujarat

5304

8235

7

Haryana

6233

9037

8

Himachal Pradesh

4375

6390

9

Jammu & Kashmir

3618

4457

10

Karnataka

4044

6321

11

Kerala

3718

5768

12

Madhya Pradesh*

3306

4544

13

Maharashtra

6570

10080

14

Manipur

3574

5023

15

Meghalaya

3836

5272

16

Mizoram

4135

6599

17

Nagaland

4300

6273

18

Odisha

3218

4114

19

Punjab

7624

11140

20

Rajasthan

3241

5197

21

Sikkim

4686

5722

22

Tamil Nadu

4370

6680

23

Tripura

3185

3773

24

Uttar Pradesh*

3087

4335

25

West Bengal

4220

5541

26

Andaman & Nicobar Islands

5334

6277

27

Delhi

10019

15429

28

Puducherry

6231

7584

*: Estimates for Chhattisgarh, Jharkhand, Uttarakhand and Telangana are included in the estimates of Madhya Pradesh, Bihar, Uttar Pradesh and Andhra Pradesh respectively.

 Note: The UTs of Chandigarh, Daman & Diu, Dadra & Nagar Haveli and Lakshadweep did not compile these estimates.

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