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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.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
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.

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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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