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    Good corporate governance central to India's development: Jitendra Singh
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    Comprehensive set of reforms undertaken to simplify defence export SOP: MoD
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August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.

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News and Press Release

Four-Year Achievements & Initiatives of the Ministry of Statistics and Programme Implementation

July 4, 2018

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Union Minister for Statistics and Programme Implementation, Shri D.V. Sadananda Gowda addressed media on the four-year achievements of the Ministry. Shri Vijay Goel, Minister of State for Statistics and Programme Implementation was also present.

2.  The last four years have been very significant years in terms of major policy decisions and adoption of new technology and systems for more efficient and effective data management and dissemination. The major initiatives undertaken during the last four years to further improve statistical system to meet data requirements in emerging socio-economic scenario of the country included the following:

  • The Government adopted the United Nations Fundamental Principles of Official Statistics in 2016 for promoting good practices and professional ethics in production and dissemination of Official Statistics. In furtherance of these Principles, a National Policy on Official Statistics is being evolved.
  • The Collection of Statistics (Amendment) Act, 2017 was enacted to extend the jurisdiction of Collection of Statistics Act, 2008 to the State of Jammu & Kashmir.
  • Base year revision for estimates of Gross Domestic Product (GDP), Index of Industrial Production (IIP) and Consumer Price Index Number (CPI) were carried out. Steps have been initiated for next revision of base years.
  • Government has recently constituted a Committee for Sub-National Accounts under the Chairmanship of Prof. Ravindra H. Dholakia, ex-IIM, to upgrade existing norms and evolve new ones for computation of economic data at State and District levels for revision of the base year of GDP. The earlier such Committee was set up in the year 1972.
  • The Ministry notified General Guidelines on Quality Assurance for Official Statistics in April, 2018 for voluntary compliance by Government agencies for improving quality of statistical products as per the Generic National Quality Assurance Framework endorsed by the United Nations Statistical Commission.
  • The Ministry has also notified General Guidelines on Socio-Economic Indices in April, 2018 to help the Government agencies in improving the quality of indices like the CPI, IIP and WPI.
  • To address the demand for more frequent data on employment and unemployment, the Ministry launched Periodic Labour Force Survey (PLFS) in April, 2017.
  • Draft National Indicator Framework has been developed for monitoring progress on Sustainable Development Goals (SDGs).
  • As part of Digital India Initiative of the Government, the Minsitry introduced new digital technologies for data collection, compilation and dissemination. The Ministry has developed a web based micro data archive to enable users to access the data of socio-economic surveys and economic census.
  • The Ministry has participated in Smart India Hackathon 2018 organised at Hubli for promoting innovation in Official Statistics. The prototype solutions developed by teams of engineering students are being considered for refinements.
  • The National Statistical System Training Academy (NSSTA) of the Ministry has imparted trainings on official statistics to more than 2700 personnel in 132 different courses.
  • Through its scheme of Support for State Statistical Strengthening Program the Ministry has provided financial assistance of ₹ 276 crore to 14 States/UTs for improving their Statistical Systems and more States/UTs are joining the scheme.
  • During the last four years, NSSO has conducted all India surveys on diverse topics of relevance such as Land & livestock holdings, Housing conditions, unorganised Enterprises, Domestic Tourism, education, and health.
  • The results of 6thEconomic Census were released in 2016 to provide a list frame of all enterprises and establishments engaged in various economic activities, and data on nature of activities and employment size.
  • Indian Statistical Institute (ISI) is an autonomous body under the Ministry. The R.C. Bose Centre for Cryptology and Security was set up in the Indian Statistical Institute for conducting research in the field of cryptology and security and organize training courses in the subject area. The ISI has also established Sampling and Official Statistical Unit (SOSU) at Kolkata for undertaking research in the theoretical, applied statistics and economics. Financial support was provided to ISI for development of infrastructure of Tezpur (Assam) Centre.
  • Government has taken various steps to strengthen statistical systems in North-Eastern Region. Funding of ₹ 46.76 crore was provided to North-Eastern States of Sikkim, Mizoram and Manipur States for strengthening of their statistical systems and for improved data flow. Financial Assistance of ₹ 14.80 crore has been provided to the Directorates of Economics & Statistics of NE States to carry out various surveys of NSSO and strengthen and extend the reach of surveys in North-Eastern region.The process of opening of two new Regional Offices of NSSO at Aizwal (Mizoram) and Itanagar (Arunachal Pradesh) and upgrading two Sub Regional Offices at Agartala (Tripura) and Imphal (Manipur) in North-East has been initiated.
  • Consistent to the federal spirit, the Ministry has been conducting annual conferences of Central and State statistical organizations in which common statistical issues are discussed and shorted out.
  • India has been actively participating at various international statistical forums. India hosted the 8th Meeting of Heads of National Statistics Offices of BRICS nations in 2016 at Jaipur, and the 8th Meeting of Heads of SAARC Statistical organizations in 2016 at Delhi. India has also participated in the International Comparison Programme (ICP) of United Nations Statistical Commission over the years.
  • Government has declared 29th June, the birth anniversary of Late Prof. P. C. Mahalanobis, as Statistics Day. A theme is announced on each Statistics Day for focusing attention by statistical agencies for a year. The 12th Statistics Day was celebrated on 29th June, 2018, which was the 125th birth anniversary of Late Prof. Mahalanobis. The theme “Quality Assurance in Official Statistics” was announced on this day. A commemorative coin of ₹ 125 and circulation coin of ₹ 5 denomination were released by Hon’ble Vice President of India.
  • A number of amendments have been made in the Guidelines for Members of Parliament Local Area Development Scheme (MPLADS) during the last four years to cater to the welfare requirements of the general public, including convergence with flagship schemes of the Government. A new Integrated MPLADS portal has been developed for use of all the stakeholders. It provides a single point of reference for all stakeholders including Hon’ble MPs, District authorities and general public at large, thus brining transparency and accountability in execution of works carried out under the Scheme. All MPLAD fund releases are being made only through this website. An informative dashboard has been developed for the MPLADS which provides information at various levels and time lines.
  • The Ministry is responsible for monitoring of Central Sector Infrastructure Projects costing ₹ 150 crore or more. As on 01.03.2018, a total of such 1304 projects are being monitored through Online Computerised Monitoring System (OCMS). During last four years, the number of projects under monitoring has increased from 710 to 1304. The monitoring has resulted in reduction of cost overrun with respect to original cost from 19.4% in March, 2014 to 13.4% in February, 2018 and reduction in the time overrun with respect to original schedule from about 30% in 2014 to 20% in 2018.

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