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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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August 4, 2026
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Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
August 4, 2026
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Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
August 4, 2026
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Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
August 4, 2026
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Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
August 4, 2026
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Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
August 4, 2026
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Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
August 4, 2026
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Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
August 4, 2026
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Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
August 4, 2026
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Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
August 4, 2026
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Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
August 4, 2026
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MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
August 4, 2026
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Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
August 4, 2026
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Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
August 4, 2026
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WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
August 4, 2026
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Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
August 4, 2026
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Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
August 4, 2026
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Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
August 4, 2026
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Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
August 4, 2026
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Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
August 3, 2026
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Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.

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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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