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    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
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    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
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    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
    Global gold demand flat at 1,269 tonnes in June quarter, says WGC
    MCD to launch 5-year PPP policy to modernise school stadiums, offer free sports coaching
    Piramal Pharma Limited Announces Results for Q1 FY27
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July 31, 2026
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Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
July 31, 2026
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Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
July 31, 2026
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Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
July 30, 2026
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Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
July 30, 2026
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Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
July 30, 2026
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Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
July 30, 2026
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Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
July 30, 2026
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Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
July 30, 2026
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Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
July 30, 2026
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Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
July 30, 2026
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Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
July 30, 2026
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Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
July 30, 2026
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Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
July 30, 2026
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Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
July 30, 2026
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Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
July 30, 2026
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Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
July 30, 2026
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Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
July 30, 2026
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Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
July 30, 2026
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Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
July 30, 2026
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Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.

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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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