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    MSMEs are the true builders of India’s economic resilience: LG Sinha
    RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
    Bihar Police arrests man over alleged exam irregularities
    United Arab Emirates suspends trade with Iran after coming under renewed missile fire
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    Instant Credit Card Application With JioFinance: Step-by-Step Guide
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    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
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    Union Minister of Commerce & Industry Shri Piyush Goyal invites Japanese businesses to deepen investments and partnerships in India
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    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
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August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
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Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
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India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
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Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.

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Expenditure on Social Services increased by more than one percentage points as proportion of GDP during last five years: Economic Survey

July 4, 2019

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Expenditure on Social Services increased by more than one percentage points as proportion of GDP during last five years: Economic Survey

Large sections of population benefit from social security schemes, more than 5 crore Farmers have benefitted under PM Kisan 2019

Proportion of Women with Bank Accounts increased from 15.5% in 2005-06 to 53% in 2015-16

The Economic Survey 2018-19 highlights the importance of investing in social infrastructure, especially education and health, as a key priority in the development strategy to achieve inclusive growth. “It is recognized that ending poverty and other deprivations must go hand in hand with strategies that improve health and education, reduce inequality and spur economic growth in a sustainable manner”, says the Economic Survey. India is working seriously to meet its commitments towards Sustainable Development Goals 2030. The Economic Survey 2018-19 was tabled in Parliament today by the Union Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman.

Trends in Expenditure on Social Services:

Expenditure on Social Services by the Centre and States increased from 7.68 lakh crores in 2014-15 to 13.94 lakh crore in 2018-19 (BE). As a proportion of GDP, the expenditure on social services has registered an increase of more than 1 percentage points during the period from 2014-15 to 2018-19 (BE), from 6.2 per cent in 2014-15 to 7.3 per cent in 2018-19 (BE). The expenditure on education, as percentage of GDP increased from 2.8% to 3% between to 2014-15 to 2018-19 (BE). Similarly, expenditure on health increased from 1.2% to 1.5% during the same period as percentage of GDP.

Women Empowerment:

The Government has initiated several programmes like Beti Bachao, Beti Padhao (BBBP), Ujjwala Scheme, Poshan Abhiyaan, Pradhan Mantri Matra Vandara Yojana etc. to mainstream women and make women active agents of change in the society. Over time, women’s participation in household decision making has improved significantly. As per NFHS-4, participation of currently married women in household decision making has increased from 76.5 % in 2005-06 to 84% in 2015-16 at all India level. The financial inclusion of women has also shown a considerable upswing at all India level. The proportion of women having a bank or saving account that they themselves use has increased from 15.5% in 2005-06 to 53% in 2015-16. Gender budgeting has been taken up across ministries in a mission mode in order to ensure gender sensitive formulation of schemes and programmes.

Social Protection Schemes:     

The Economic Survey highlights the large number of social protection schemes taken up by the government during the last five years as a part of its commitment to provide social security to the people of the country. Under the PM KISAN 2019, around 3.10 crore small farmers have received the first tranche of ₹ 2000 and 2.10 crore farmers have got the second instalment, as on 23rd April, 2019. As on 30th December, 2018, 6.18 lakh people had benefitted from PMJAY under Ayushmaan Bharat and 39.48 lakh e-cards were issued. 5.33 lakh villages in 25 States/UTs have been declared Open Defecation Free(ODF) under Swachh Bharat Mission and the country will be ODF by 2nd October, 2019.

Similarly, as on 31st October, 2018, gross enrollment under Pradhan Mantri Suraksha Bima Yojana was 14.27 crore. Gross enrollment under Pradhan Mantri Jeevan Jyoti Bima Yojana was 5.57 crore as on 31st October, 2018. Under Pradhan Mantri Rojgar Protsahan Yojana, 12% of employer contribution to EPFO of the new employees’ drawing salary upto ₹ 15000 per month is given by government for the initial three years. Social security schemes including Atal Pension Yojana, Atal Bimit Vyakti Kalyan Yojana, Pradhan Mantri Vaya Vandana Yojana, Pradhan Mantri Awas Yojana among others have brought large direct benefits to the people.

Education:

According to the Economic Survey, as per Educational Statistics at a Glance (ESAG), 2018, the thrust on providing primary education has yielded results across social categories and gender. Over the years, remarkable progress has been made in respect of female participation up-to secondary level and Gross Enrolment Rate (GER) for girls has exceeded that of boys. For the first time, class wise and subject wise learning outcomes till class VIII have been developed to achieve quality in education. The Samagra Shiksha launched in 2018-19 aims at ensuring inclusive and quality education from pre-school to senior secondary stage.  Initiatives such as Beti Bachao, Beti Padhao together with ICT-driven initiatives such as e-Pathshala and Saransh facilitate an increasing outreach of the education system. The Economic Survey recognizes that transition to higher levels of schooling, high drop-out rates at secondary levels and shortage of teachers as main areas of concern.

Health:

The Economic Survey states that Maternal Mortality Ratio (MMR) declined by 37 points from 167 per lakh live births in 2011-13 to 130 per lakh live births in 2014-16. The Under-5 Mortality Rate (U5MR) has declined at a faster pace during 2008-16 registering a decline of 6.7 per cent per year as compared to 3.3 per cent compound annual decline observed over 1990-2007. New initiatives to improve maternal and new-born health include LaQshya-Quality Improvement Initiative – to reduce preventable maternal and new-born mortality, morbidity and still births associated with care around delivery, Pradhan Mantri Surakshit Matritva Abhiyan to provide quality ante-natal care to pregnant women on the 9th of every month. To address the issue of affordability, alternative healthcare is an option. The National AYUSH Mission aims to provide cost effective and equitable AYUSH healthcare throughout the country by improving access to these services.

Skilling and Employment:

To improve the employability of the labour force, skill development is given emphasis through the National Policy on Skill Development & Entrepreneurship, the Pradhan Mantri Kaushal Vikas Yojana, Pradhan Mantri Kaushal Kendras, National Apprenticeship Promotion Scheme etc. Introduction of skill vouchers- a financing instrument given to beneficiaries that enables them to sign-up for vocational education courses at any training institute, incentivizing industry to set up training institutions in PPP mode, involvement of local industry in curriculum development; training modules; provision of equipment; training of trainers etc. can go a long way in proper skill development as per Economic Survey.

To measure labour market indicators at more frequent intervals, the Periodic Labour Force Survey (PLFS) was launched to yield annual estimates of the labour force on employment and unemployment along with quarterly estimates for urban areas. As per EPFO data, around 8.15 lakh net formal employment was generated in March, 2019.

The quality of life of people can be substantially improved by improving connectivity, which will enhance their access to medical services, schools, markets and other social services. Under Pradhan Mantri Gram Sadak Yojana (PMGSY) since 2014, around 1,90,000 km of rural roads has been constructed. MGNREGS has been instrumental and a guiding factor for tackling rural poverty and unemployement by providing employment to the rural poor and unskilled people. It has generated 267.96 crore person days of employment during 2018-19. Under Pradhan Mantri Awas Yojana as against a target of completing one crore pucca houses with basic amenities by 31st March, 2019, about 1.54 crore houses were completed.

India’s march towards achieving SDGs is firmly anchored in investing in human capital and inclusive growth.

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