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August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions pressured the rupee as dollar strength, crude concerns and geopolitical uncertainty shaped narrow USD/INR trading.
Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.
August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.
August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.

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Corp. Laws, SEBI & IBC

Year End Review of Ministry of Statistics & Programme Implementation ( MoSPI)

December 18, 2017

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1. The Ministry of Statistics and Programme Implementation has two wings, one relating to Statistics and the other Programme Implementation. The Statistics Wing called the National Statistical Office(NSO) consists of the Central Statistical Office (CSO), the Computer centre and the National Sample Survey Office (NSSO). The Programme Implementation Wing has three Divisions, namely, (i) Twenty Point Programme (ii) Infrastructure Monitoring and Project Monitoring and (iii) Member of Parliament Local Area Development Scheme. Besides these two wings, there is National Statistical Commission created through a Resolution of Government of India (MOSPI) and one autonomous Institute, viz., Indian Statistical Institute declared as an institute of National importance by an Act of Parliament.

2.  The Ministry of Statistics and Programme Implementation attaches considerable importance to coverage and quality aspects of statistics released in the country. The statistics released are based on administrative sources, surveys and censuses conducted by the Central and State Governments and non-official sources and studies. The surveys conducted by the Ministry are based on scientific sampling methods. Field data are collected through dedicated field staff. In line with the emphasis on the quality of statistics released by the Ministry, the methodological issues concerning the compilation of national accounts are overseen Committees like Advisory Committee on National Accounts, Standing Committee on Industrial Statistics, Technical Advisory Committee on Price Indices. The Ministry compiles data sets based on current data, after applying standard statistical techniques and extensive scrutiny and supervision.

3.  India is a subscriber to the International Monetary Fund (IMF) Special Data Dissemination Standards (SDDS) and is currently fulfilling the Standards. The Ministry maintains an ‘Advance Release Calendar’ for its data categories covered under the SDDS, which is disseminated on the Ministries website as well as on the Dissemination Standards Bulletin Board (DSBB) of the IMF. The Ministry releases the data sets covered under the Real Sector of SDDS through press notes, Press Information Bureau Press releases and its web-site simultaneously. The Ministry has been designated as the nodal Ministry to facilitate the implementation of the SAARC Social Charter in India. The Ministry organizes technical meetings on a regular basis on various topics to assess the data-gaps in the system and the quality of statistics currently released. The CSO staff participates in meetings and seminars organized by international and regional organizations such as the United Nations Economic and Social Commission for Asia and the Pacific, on statistical compilations and international practices. The Indian statistical system is one of the best systems in the world. The Ministries officials have been associated with international agencies on the development of methodologies, particularly in the areas of national accounts, informal sector statistics, large-scale sample surveys, conduct of censuses, service sector statistics, non-observed economy, social sector statistics, environmental statistics and classifications. The contribution of the Ministries officials in international meetings on these subjects is highly appreciated.

4   This year has been very significant year in terms of major policy decisions and adoption of new technology and systems for more efficient and effective data management and dissemination. Following are the major highlights of the activities of the Ministry during the year 2017:

5.   United Nations Fundamental Principles of Official Statistics

Adopted since June 2016, to enhance professional independence, impartiality, accountability and transparency in methods of collection and dissemination of Official Statistics;

Adoption of these principles would help build and retain trust of the public in Official Statistical System and honour citizens’ / users’ entitlement of Official Statistics as ‘public good’.

Revision of Base Year of GDP and related Macro-economic aggregates

Macro-economic aggregates of National Accounts like GDP, Savings, Capital Formation, etc. released by CSO are indicators of the country’s economic health;

Base Year of National Accounts revised from 2004-05 to 2011-12 in 2015.

Improvements in the Revised Series include:

Use of corporate sector data of Ministry of Corporate Affairs for about 5.5 lakh companies in mining, manufacturing and services sectors

Use of latest data of National Sample Survey

Improved coverage of Local Bodies and Autonomous Institutions

Revision of Base Year of Index of Industrial Production (IIP)

IIP estimates revised periodically through Base Year Revision.

New series of IIP released on 12th May 2017 with change of Base Year from 2004-05 to 2011-12.

The structural changes in the industrial sector over the years are better captured in the revised series.

New series indices are more robust and representative with the change in methodology of drawing items / weights and factories.

Revision of Base Year of Consumer Price Index (CPI)

Revised series of CPI launched in January 2015

Base Year changed from 2010 to 2012

Basket of items and weighing diagram based on Modified Mixed Reference Period (MMRP) of Consumer Expenditure Survey – consistent with International Practice.

Use of Geometric Mean of Price Relatives with respect to Base Prices for elementary indices – Also consistent with International Practice.

Sample size for house rent data doubled from 6,684 to 13,368.

Periodic Labour Force Survey (PLFS)

Large scale employment surveys in India have so far been conducted usually at 5-year intervals.

PLFS launched in April 2017 to obtain employment data at shorter intervals.

PLFS aims to –

(i) Measure quarterly changes in statistical indicators of labour market in Urban Areas;

(ii) Generate annual estimates of labour force indicators in both Rural and Urban Areas.

PLFS will use the Computer Assisted Personal Interview (CAPI) technique, which involves direct entry of data in Tablets at the field level. This will lead to higher accuracy and faster processing of data.

Collection of Statistics (Amendment) Bill 2017

Collection of Statistics Act, 2008 is a Central Act that allows Central, State and Local Governments to collect statistics on socio-economic aspects;

This Act is not applicable to J&K.

To address this legislative vacuum, the Collection of Statistics (Amendment) Bill, 2017 has been introduced in Parliament during Budget Session 2017.

Revision of Advance Release Calendar of GDP Estimates

Before 2017, First Advance Estimates of GDP were usually released on 7th February, 3 weeks before the date of presentation of Union Budget

The First Advance Estimates of GDP constitute important inputs in formulation of Union Budget for the forthcoming year

With the date of presentation of Union Budget for 2017-18 advanced from 28th February to 1st February in 2017, MoSPI made available the First Advance Estimates of GDP on 6th January, 2017 well before the presentation of the Union Budget

This revised release calendar will henceforth be adopted for subsequent years.

Surveys of NSSO

NSSO has been conducting large scale surveys on multi-purpose socio-economic subjects

During last three years, NSSO conducted surveys on

Domestic Tourism Expenditure;

Household Consumption Expenditure on Services and Durable goods;

Unincorporated Non-Agricultural Enterprises in Manufacturing, Trade and Other services sector (excluding Construction); and

Enterprise focussed Survey of Services Sector

Standardisation of procedures, E-governance and Data Dissemination

National Accounts Division of CSO and Survey Design & Research Division of NSSO have been certified ISO-9001:2008 compliant for quality of performance.

Data Dissemination through website of Ministry brings an improvement in overall usability quotient and technical competence

Recent adoption of the IHSN toolkit by MoSPI, as per International practice, for creating a web-based Survey Data Catalogue/ Micro Data Archive to disseminate NSS Survey, ASI and Economic Census Data.

Bharatkosh, e-receipt portal gateway, has been set up for use by Indian users for dissemination of Unit level data of NSS, ASI and Economic Census. Introduction of online payment by non-Indians for supply of data is in the pipeline.

NSSO has undertaken the work of digitisation of Urban Frame Survey (UFS) maps in collaboration with National Informatics Centre (NIC) and the National Remote Sensing Centre (NRSC). This will help in improvement of identification and demarcation of boundaries for smooth data collection.

Use of technology in data collection

Computer Assisted Personnel Interviewing (CAPI) technique for data collection through tablets will be used in PLFS

Web-portal for collection of data directly from data source for the Annual Survey of Industries (ASI)

Submission of online data for Consumer price Index (CPI) – By NSSO field offices for urban areas and by designated Post offices for rural areas

These measures lead to reduction in time lag in compilation and release of data.

Sustainable Development Goals (SDGs)

In September 2015, UN adopted the Resolution on ‘Transforming our World: The 2030 Agenda for Sustainable Development’ consisting of 17 Sustainable Development Goals (SDGs) and associated 169 targets to be achieved by 2030

India is one of the countries that are party to this resolution

Comprehensive exercise for mapping of SDG Goals and Targets vis-à-vis national development strategies undertaken

Draft framework of indicators has been developed and is under finalization

Regional SDG Workshop, involving all States/UTs were held at Ahmedabad, Lucknow, Chennai, Guwahati, Bhubaneswar.

Recent Initiatives on Multilateral Forums

MoSPI organised 8th Meeting of Heads of National Statistics Offices (NSOs) of BRICS Nations in November, 2016 in India to discuss issue of Statistical measurement.

India also hosted the 8th Meeting of Heads of SAARC Statistical Organizations (SAARCSTAT) in August 2016 to promote enhanced regional co-operation and initiatives in the field of Official Statistics for SAARC Nations.

India has co-chaired the meeting Friends of Chair (FOC) group, constituted for the evaluation of International Comparison Programme (ICP), 2011, at the 47th Session of United Nation Statistics Commission at New York in March, 2016.

India has co-chaired the ICP Governing Board meeting held in November, 2016 at Washington, DC, USA, and also the meeting of Regional Advisory Board (RAB) held in January, 2017 at Hanoi, Vietnam.

The 32nd meetingof the Voorburg Group on Service Statistics was hosted by the Ministry during 23rd to Friday the 27th of October 2017.

Capacity Building of States/UTs

Trainings/ workshops organised for the statistical personnel of the State/UT Governments to strengthen their technical capabilities and to apprise them of the developments in the field of Official Statistics. These programmes were held in different States across the country to facilitate better participation

Grants released to various States/ UTs for improving their Statistical infrastructure under Support for Statistical Strengthening Scheme – including physical infrastructure as well as skill enhancement of personnel

Members of Parliament Local Area Development Scheme (MPLADS)

The Scheme is implemented as per the provisions of the Guidelines on MPLADS

Several amendments have been made in Guidelines of the Scheme to cater to the welfare requirements of the general public.

A few major amendments are:

Ceiling for contribution of Hon'ble MPs in case of calamity of severe nature raised from ₹ 50 lakh to ₹ 1 crore

Purchase of medical equipment costing not less than ₹ 5 lakh made permissible for Government Hospitals

Purchase of equipment for skill development allowed

Financial assistance allowed for purchase of tricycle (manual/battery/operated/motorized), wheelchair (motorized/battery operated) and artificial limbs for differently abled deserving persons with disabilities

Purchase of ambulances for transporting sick/injured animals allowed

Integrated MPLADS Portal for use of all the stakeholders developed that also provides an opportunity to the Citizens for suggesting the developmental works in their areas to the Hon’ble MPs.

Monitoring of Infrastructure Projects

On-going Central Sector Infrastructure Projects costing ₹ 150.00 crore and above are being monitored on time and cost overruns through an Online Computerized Monitoring System (OCMS)

OCMS enables project implementing agencies to regularly upload the status of projects in real time

A total of 229 projects completed in last 3 years as a result of close monitoring

Cost overruns have come down from 19% in March 2014 to 11.19% in January 2017

Publications

Millennium Development Goals Final Country Report of India

National Accounts Statistics 2017

Sarvekshana 103rd issue

Annual Report on TPP 2006 for the year 2015-16

Achieving Millennium Development Goals: Target year factsheet - India

Domestic Tourism in India

Key Indicators of Unincorporated Non-Agricultural Enterprises (Excluding Construction) in India (July 2015-June 2016)

Statistical Year Book India 2017

Selected Socio-Economic Statistics

Indian Statistical Institute

Setting up of RC Bose Centre for Cryptology and Security Conduct of Joint Post Graduate Diploma Course on Business Analytics with IIT, Kharagpur and IIM, Kolkata. Setting up the DBT funded Systems Medicine Cluster as a member of the consortia of six prominent Institutes in and around Kolkata, led by National Institute of Biomedical Genomics (NIBMG), Kalyani, West Bengal. ISI is a major participant in technology development of Indian languages like Hindi, Bengali, Gujarati, Tamil, Telugu etc.

Covers: Translation, Information Retrieval, Optical Character Recognition, Handwriting recognition and Corpora Development

Major breakthrough in theoretical research like solving the Zariski Cancellation Problem that was open for several decades.

ISI has also been involved in

  • Estimation of counterfeit currency
  • International Passenger Survey
  • Evaluation study of the MNREGA scheme over several states of India
  • Evaluation of Border Area Development Program in West Bengal and several North Eastern States

Regional Sustainable Development Goals (SDG) Workshops

Five regional SDG workshops involving all States/UTs were held at Ahmadabad, Lucknow, Chennai, Guwahati and Bhubaneswar.

Review of Central Sector Projects and MPLADS

Union Minister Shri Sadanand Gowda reviewed Central Sector Projects and MPLADS in Manipur, Tripura, Meghalaya and Karnataka.

Minister of State Shri Vijay Goel reviewed Central Sector Projects and MPLADS in Jhansi, Jammu, Amritsar and Bikaner.

Data Users’ workshop for new series of all-India IIP

The Ministry has organised a half-day Data Users’ Workshop for new series of all-India IIP at Vigyan Bhawan New Delhi on 30.08.2017 with a view to apprise the users of IIP about the changes introduced in the new series with base 2011-12.

Topics

Acts Income Tax