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    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
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September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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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.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
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.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
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.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
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.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
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September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
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NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.

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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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