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    Minister of State for Commerce and Industry and Electronics & Information Technology Shri Jitin Prasada Concludes Official Visit to Morocco; Co-Chairs...
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    Hoping to work towards further expanding scope of India-Japan trade pact: Goyal
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    Commerce and Industry Minister Shri Piyush Goyal Highlights India’s Growing Startup Ecosystem at India–Japan Startup Roundtable in Tokyo
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August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.

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NITI Aayog Budget Allocation Increased by More than 20%

February 21, 2018

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NITI Aayog Budget Allocation Increased by More than 20%

Budget 2018 enhances NITI’s role in the national policy, frontier technologies

The New India Budget presented by the  Finance Minister has cemented NITI Aayog’s role as a driver of transformational change in the country, said Hon’ble MoS (IC) for Planning Shri Rao Inderjit Singh, addressing a press conference today highlighting the budget allocations, achievements and programmes of NITI Aayog.

Allocations for the Ministry of Planning, which is embodied by the NITI Aayog, have increased by more than 20% over last year i.e. to ₹ 339.65 crore in 2018-19 from ₹ 279.79 crore in 2017-18.

Further, the budget envisages a defined role for NITI Aayog in critical areas of artificial intelligence and agriculture policy, apart from reiterating a shared vision for national development in line with NITI Aayog’s Three Year Action Agenda, the Seven Year Strategy and the 15 Year Vision Document.                        

NITI in the Budget

NITI Aayog, in consultation with Central and State Governments, will put in place a fool-proof mechanism so that farmers will get adequate price for their produce.

NITI Aayog, in consultation with State Governments, will evolve a suitable mechanism to enable access of lessee cultivators to credit without compromising the rights of the land owners.

NITI Aayog will initiate a national program to direct our efforts in the area of artificial intelligence, including research and development of its applications.

Apart from the above mentions, NITI Aayog through its officers, advisers and policy shaping role has been predominant in the planning of Ayushman Bharat, the world’s largest health insurance scheme.

NITI: Learning from the past, shaping the future

Since its inception NITI Aayog has occupied a niche space in India’s policy environment. Through ambitious recommendations and dynamic initiatives, NITI has mobilized its expertise as the ‘think-tank’ of the government, in areas such as:

  • Envisaging a roadmap for revitalizing Indian agriculture and doubling farmer’s income
  • Framing of new guidelines for devolution of dedicated funds for SC/ST community
  • National Energy Policy
  • National Nutrition Strategy
  • National Medical Council Bill
  • National Medical Strategy
  • Recommendations on strategic disinvestment of CPSEs
  • Formulation of Model Land Leasing Bill
  • Development support to the North East through North East Industrial Development Scheme (NEIDS) 2017
  • Employment task force
  • Appraisal of the 12th Five Year Plan
  • Evolving policy on shared and connected mobility
  • Holistic development of Islands

NITI Aayog is also directly involved in on-ground policy interventions through various programmes and schemes. Some of these are outlined below.

  1. Atal Innovation Mission:

Spurring innovation through Atal Tinkering Labs in schools and Atal Incubation Centres across the country, AIM has been a widely popular programme of NITI. Atal Grand Challenges and Tinkering Marathons have encouraged young entrepreneurs across the country to learn, innovate and engage with cutting-edge technology.

  • 2441 ATL Schools selected as on Date:
    • 941 Selected in Phase 1 announced from the applications invited in 2016.
    • 1500 Selected in Phase 2 announced on 25-Dec-2017 i.e. on Atal Ji’s 93rd Birthday from applications invited in 2017.
    • Grant-in-aid including one-time establishment cost of ₹ 10 lakh and operational expenses of ₹ 10 lakh for maximum of 5 years for each ATL
    • All States are covered as of now in ATL Selections
  • Incubation Centres:
    • Established Incubation Centre: 6 EIC Supported in 16-17. Around 8-10 are in pipeline for approval during 2017-18.
    • Funding support for scaling up of operations of ₹ 10 crore for EICs,  to be paid in installments
    • Atal Incubation Centre: 13 selected in 16-17, around 20-25 in pipeline for consideration during 17-18. Funding support upto ₹ 10 crore for maximum of 5 years
  1. Cooperative Federalism
  • Sub-groups of Chief Ministers on critical subjects(April 2017):
  • Restructuring of Centrally sponsored schemes
  • Skill development
  • Swachh Bharat
  • Promotion of Digital Payments
  • National consultations with Chief Secretaries of all states and Finance secretaries
  • Programme to transform Aspirational Districts by engaging with DMs and Prabhari officers of 115 districts across the country
  • Representations made to NITI by groups of Secretaries, creating cross ministry interactions and collaborations
  1. Competitive federalism
  • Introduction of Digital Transformation Index and Innovation Index for ranking states
  • Launch of the Health Index, which is to become an annual exercise across the country evaluating health outcomes.       
  • Organized extensive workshops for consultation with States and UTs on indices
  • Sustainable Action for Transforming Human Capital (SATH): handholding for states to develop key indicators across areas of health and education
  • School Education Quality Index (SEQI), Composite Water Management Index
  1. Sustainable Development Goals
  • As nodal body for monitoring implementation of SDGs, KPI created by NITI Aayog to assess progress of states
  • Draft mapping of goals with measurable indicators
  1. Outcome based evaluation and monitoring across 15 key sectors of the economy
  • Extensive data-based, performance evaluation of states through DMEO dashboard and progress tracker
  • A rigorous exercise to bring qualitative improvement in the Output-Outcome Framework by
    • reviewing and identifying relevant outputs and outcomes
    • quantifiable and measurable indicators to monitor
    • Strategic Outcomes Verification Process (SOVP) for performance monitoring
    • Program Evaluation
      • 12 programs evaluated
      • Evaluation report finalised for
        • Prime Minister Employment Generation Programme
        • National Scheduled Caste Finance Development Corporation
        •  
        • Harmonized Sarv Siksha Abhiyaan
        • PMAY (Urban)
  • Compiling, transmitting and emulating best practices across states.
  • SAMAVESH: enabling cooperation between NITI and knowledge, research partners and institutions
  1. National and International Partnerships:
  • NITI Lecture Series: 3 lectures held so far by luminaries on governance
  • NITI-DRC dialogue: China Cell constituted at NITI to foster cooperation
  • Global Entrepreneurship Summit 2017: US India summit with over 2500 top entrepreneurs, investors, and ecosystem players
  • Champions of Change: Facilitated Hon’ble Prime Minister’s stakeholder consultation with start-ups and industry for policy inputs across 12 sectors
  1. Adoption of Frontier Technologies
  • NITI Aayog working on a position paper on blockchain technology, AI and its applications in governance
  • Partnering with state governments/UTs to run pilots on land records, Electronic health records, etc.
  • Working on a concept paper for “IndiaChain” – a shared, India specific blockchain infrastructure
  • Implementation of MIS database for NITI Aayog
  • Arbitration and enforcement in India Conference.
  • Digital Hub for Govt. Best Practices for NITI Aayog
  1.  Research, Study and Collaborations
  • 5 Research Studies completed
  • 7 National Seminars and 2 International Seminars Approved
  • 10 New Research Studies approved and 1st instalment Released
  • Release of 2nd instalment for 9 Research studies
  • 15 Logo support proposals approved
  1. Strengthening Arbitration and Legal Reforms
  • Global Conference on ‘Strengthening Arbitration and Enforcement in India’
  • Law Day Conference on ‘Balancing Roles of Three Wings of the State’ in association with Law Commission of India
  • Participation of over 1500 participants each day including Hon’ble President, Speaker, Lok Sabha; PM, other Ministers, Judges of Supreme Court, High Court, legal fraternity and academia.

NITI Aayog, as the premier ‘think-tank’ of the Government of India has been crucial in navigating and charting the course of the country in matters of national and international importance on the economic front, dissemination of best practices from within the country and from other nations, the infusion of new policy ideas and specific issue-based support.

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