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    Haryana CM Saini launches MSME and Export Promotion Policy 2026
    TCS receives employee data leak alerts; says no impact to customer info
    APEDA Facilitates First-Ever Export of Mustard Honey by Dergang FPO from Tripura to Dubai
    Parliament passes The Bankers' Books Evidence Bill, 2026
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August 10, 2026
Show AI Summary
MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
Show AI Summary
Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
Show AI Summary
Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
Show AI Summary
Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.

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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