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    Keralam CM reviews operational preparedness at Vizhinjam port
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August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
Show AI Summary
Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
Show AI Summary
LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
Show AI Summary
Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
Show AI Summary
Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
Show AI Summary
Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
Show AI Summary
Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
Show AI Summary
Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.

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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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