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    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
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August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
August 7, 2026
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Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
August 7, 2026
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Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
August 7, 2026
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Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
August 7, 2026
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Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
August 7, 2026
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Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
August 7, 2026
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Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
August 7, 2026
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Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
August 7, 2026
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Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
August 7, 2026
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Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
August 7, 2026
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Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
August 7, 2026
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BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
August 7, 2026
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Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
August 6, 2026
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Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
August 6, 2026
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Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
August 6, 2026
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Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
August 6, 2026
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Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
August 6, 2026
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Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
August 6, 2026
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Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.

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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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